BATES, R. M.
BATES, R. M. is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Navarro Exploration Co., Inc. It has 24 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 10,429 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $1K, with roughly $280 expected over the next twelve months.
| Operator | Navarro Exploration Co., Inc. |
|---|---|
| Field | Minerva-Rockdale |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 06124 |
| Wellbores | 24 |
| Reported production | 10,429 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $1K |
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.