BAITS-RHINE
BAITS-RHINE is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Mitchell Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 191,140 thousand cubic feet. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $20K, with roughly $2K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 89 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 254 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BAITS-RHINE
- Who operates BAITS-RHINE?
- BAITS-RHINE is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is BAITS-RHINE?
- BAITS-RHINE is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 141207.
- Is BAITS-RHINE still producing?
- BAITS-RHINE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for BAITS-RHINE is August 2026.
- How much has BAITS-RHINE produced?
- BAITS-RHINE has reported 191,140 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BAITS-RHINE worth?
- The remaining production from BAITS-RHINE is estimated to be worth about $20K in total as of 26 August 2026, within a range of $11K to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAITS-RHINE is a fraction of it. The estimate fits an Arps decline curve to the production BAITS-RHINE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAITS-RHINE is an estimate of value, not an offer and not an appraisal.
- How much income does BAITS-RHINE generate in a year?
- BAITS-RHINE is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAITS-RHINE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Boonsville (Bend Congl., Gas) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 141207 |
| Wellbores | 1 |
| Reported production | 191,140 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where BAITS-RHINE sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.