MIKEAL, O. K.
MIKEAL, O. K. 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 September 1993 to August 2026, totalling 845,815 thousand cubic feet. The lease is currently producing. 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 $347K, with roughly $56K 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 1,578 thousand cubic feet a month. Its strongest month on the record we hold was April 2022, at 2,776 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MIKEAL, O. K.
- Who operates MIKEAL, O. K.?
- MIKEAL, O. K. is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is MIKEAL, O. K.?
- MIKEAL, O. K. is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 147262.
- Is MIKEAL, O. K. still producing?
- MIKEAL, O. K. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIKEAL, O. K. is August 2026.
- How much has MIKEAL, O. K. produced?
- MIKEAL, O. K. has reported 845,815 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1993 and August 2026, from 1 wellbore.
- How much is MIKEAL, O. K. worth?
- The remaining production from MIKEAL, O. K. is estimated to be worth about $347K in total as of 26 August 2026, within a range of $288K to $406K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIKEAL, O. K. is a fraction of it. The estimate fits an Arps decline curve to the production MIKEAL, O. K. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIKEAL, O. K. is an estimate of value, not an offer and not an appraisal.
- How much income does MIKEAL, O. K. generate in a year?
- MIKEAL, O. K. is forecast to net about $56K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIKEAL, O. K. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Chico, West (Conglomerate 5700) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 147262 |
| Wellbores | 1 |
| Reported production | 845,815 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $347K |
Where MIKEAL, O. K. 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.