MILLER 1242
MILLER 1242 is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by Sable Permian Resources, LLC. It has 4 wellbores on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 37,134 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 $3.7M, with roughly $776K 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 303 barrels a month, about 76 per wellbore. Its strongest month on the record we hold was April 2021, at 857 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 MILLER 1242
- Who operates MILLER 1242?
- MILLER 1242 is operated by Sable Permian Resources, LLC, Railroad Commission of Texas operator number 742251.
- Where is MILLER 1242?
- MILLER 1242 is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 20588.
- Is MILLER 1242 still producing?
- MILLER 1242 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLER 1242 is August 2026.
- How much has MILLER 1242 produced?
- MILLER 1242 has reported 37,134 barrels of oil (bbl) to the Railroad Commission of Texas between March 2020 and August 2026, from 4 wellbores.
- How much is MILLER 1242 worth?
- The remaining production from MILLER 1242 is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $2.9M to $4.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLER 1242 is a fraction of it. The estimate fits an Arps decline curve to the production MILLER 1242 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLER 1242 is an estimate of value, not an offer and not an appraisal.
- How much income does MILLER 1242 generate in a year?
- MILLER 1242 is forecast to net about $776K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLER 1242 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sable Permian Resources, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 20588 |
| Wellbores | 4 |
| Reported production | 37,134 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where MILLER 1242 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.