CUTTER
CUTTER is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Treadstone Energy Prtnr Op, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2021 to August 2026, totalling 241,716 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 $2.7M, with roughly $808K 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 1,157 barrels a month. Its strongest month on the record we hold was February 2022, at 31,277 barrels. 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 CUTTER
- Who operates CUTTER?
- CUTTER is operated by Treadstone Energy Prtnr Op, LLC, Railroad Commission of Texas operator number 866905.
- Where is CUTTER?
- CUTTER is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27966.
- Is CUTTER still producing?
- CUTTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CUTTER is August 2026.
- How much has CUTTER produced?
- CUTTER has reported 241,716 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 1 wellbore.
- How much is CUTTER worth?
- The remaining production from CUTTER is estimated to be worth about $2.7M in total as of 26 August 2026, within a range of $2.3M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CUTTER is a fraction of it. The estimate fits an Arps decline curve to the production CUTTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CUTTER is an estimate of value, not an offer and not an appraisal.
- How much income does CUTTER generate in a year?
- CUTTER is forecast to net about $808K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CUTTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Treadstone Energy Prtnr Op, LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Milam County, Texas |
| RRC district | 03 |
| Lease number | 27966 |
| Wellbores | 1 |
| Reported production | 241,716 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where CUTTER 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.