MILLS, JOE
MILLS, JOE is a Texas oil lease in Rusk County, Railroad Commission district 6E, operated by 4-Sight Operating Company. It has 9 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 34,455 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 $170K, with roughly $33K 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 42 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was April 2018, at 182 barrels. 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 MILLS, JOE
- Who operates MILLS, JOE?
- MILLS, JOE is operated by 4-Sight Operating Company, Railroad Commission of Texas operator number 955005.
- Where is MILLS, JOE?
- MILLS, JOE is a Texas oil lease in Rusk County, Texas, in Railroad Commission district 6E. Its Railroad Commission lease number is 07344.
- Is MILLS, JOE still producing?
- MILLS, JOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS, JOE is August 2026.
- How much has MILLS, JOE produced?
- MILLS, JOE has reported 34,455 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 9 wellbores.
- How much is MILLS, JOE worth?
- The remaining production from MILLS, JOE is estimated to be worth about $170K in total as of 26 August 2026, within a range of $93K to $246K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS, JOE is a fraction of it. The estimate fits an Arps decline curve to the production MILLS, JOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS, JOE is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS, JOE generate in a year?
- MILLS, JOE is forecast to net about $33K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS, JOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 4-Sight Operating Company |
|---|---|
| Field | East Texas |
| County | Rusk County, Texas |
| RRC district | 6E |
| Lease number | 07344 |
| Wellbores | 9 |
| Reported production | 34,455 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $170K |
Where MILLS, JOE 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.