MERCER, MILLS
MERCER, MILLS is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Meridian Oil Production Inc. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 601,029 barrels. 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 $2.8M, with roughly $668K 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 940 barrels a month, about 63 per wellbore. Its strongest month on the record we hold was May 2016, at 2,576 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 MERCER, MILLS
- Who operates MERCER, MILLS?
- MERCER, MILLS is operated by Meridian Oil Production Inc., Railroad Commission of Texas operator number 561133.
- Where is MERCER, MILLS?
- MERCER, MILLS is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 01089.
- Is MERCER, MILLS still producing?
- MERCER, MILLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERCER, MILLS is August 2026.
- How much has MERCER, MILLS produced?
- MERCER, MILLS has reported 601,029 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is MERCER, MILLS worth?
- The remaining production from MERCER, MILLS is estimated to be worth about $2.8M in total as of 26 August 2026, within a range of $2.2M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCER, MILLS is a fraction of it. The estimate fits an Arps decline curve to the production MERCER, MILLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCER, MILLS is an estimate of value, not an offer and not an appraisal.
- How much income does MERCER, MILLS generate in a year?
- MERCER, MILLS is forecast to net about $668K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MERCER, MILLS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meridian Oil Production Inc. |
|---|---|
| Field | Luling-Branyon |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 01089 |
| Wellbores | 15 |
| Reported production | 601,029 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where MERCER, MILLS 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.