MILLAR, L. H.,ETAL "39"

MILLAR, L. H.,ETAL "39" is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Olsen Energy Inc. It has 13 wellbores on file with the Commission. Reported production runs from June 2010 to August 2026, totalling 375,806 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 $2.6M, with roughly $752K 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 1,272 barrels a month, about 98 per wellbore. Its strongest month on the record we hold was July 2016, at 2,807 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 MILLAR, L. H.,ETAL "39"

Who operates MILLAR, L. H.,ETAL "39"?: MILLAR, L. H.,ETAL "39" is operated by Olsen Energy Inc., Railroad Commission of Texas operator number 621750.
Where is MILLAR, L. H.,ETAL "39"?: MILLAR, L. H.,ETAL "39" is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40048.
Is MILLAR, L. H.,ETAL "39" still producing?: MILLAR, L. H.,ETAL "39" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLAR, L. H.,ETAL "39" is August 2026.
How much has MILLAR, L. H.,ETAL "39" produced?: MILLAR, L. H.,ETAL "39" has reported 375,806 barrels of oil (bbl) to the Railroad Commission of Texas between June 2010 and August 2026, from 13 wellbores.
How much is MILLAR, L. H.,ETAL "39" worth?: The remaining production from MILLAR, L. H.,ETAL "39" is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLAR, L. H.,ETAL "39" is a fraction of it. The estimate fits an Arps decline curve to the production MILLAR, L. H.,ETAL "39" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLAR, L. H.,ETAL "39" is an estimate of value, not an offer and not an appraisal.
How much income does MILLAR, L. H.,ETAL "39" generate in a year?: MILLAR, L. H.,ETAL "39" is forecast to net about $752K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILLAR, L. H.,ETAL "39" receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

MILLAR, L. H.,ETAL "39" as filed with the Railroad Commission of Texas
Operator	Olsen Energy Inc.
Field	Wentz (Clear Fork)
County	Pecos County, Texas
RRC district	08
Lease number	40048
Wellbores	13
Reported production	375,806 bbl
First reported	June 2010
Last reported	August 2026
Estimated royalty value	$2.6M

Where MILLAR, L. H.,ETAL "39" sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.