MILSTEAD, J. B.
MILSTEAD, J. B. is a Texas oil lease in Rusk County, Railroad Commission district 6E, operated by Walter Exploration Inc. It has 20 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 204,259 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 $32K, with roughly $7K expected over the next twelve months.
| Operator | Walter Exploration Inc. |
|---|---|
| Field | East Texas |
| County | Rusk County, Texas |
| RRC district | 6E |
| Lease number | 07583 |
| Wellbores | 20 |
| Reported production | 204,259 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $32K |
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.