MILLIS
MILLIS is a Texas oil lease in Young County, Railroad Commission district 09, operated by Wes-Mor Drilling, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,898 barrels. The lease is intermittent. 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 $129K, with roughly $25K 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 25 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was November 2021, at 230 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 MILLIS
- Who operates MILLIS?
- MILLIS is operated by Wes-Mor Drilling, Inc., Railroad Commission of Texas operator number 908800.
- Where is MILLIS?
- MILLIS is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 20823.
- Is MILLIS still producing?
- MILLIS is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MILLIS is August 2026.
- How much has MILLIS produced?
- MILLIS has reported 16,898 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MILLIS worth?
- The remaining production from MILLIS is estimated to be worth about $129K in total as of 26 August 2026, within a range of $71K to $188K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLIS is a fraction of it. The estimate fits an Arps decline curve to the production MILLIS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLIS is an estimate of value, not an offer and not an appraisal.
- How much income does MILLIS generate in a year?
- MILLIS is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLIS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wes-Mor Drilling, Inc. |
|---|---|
| Field | Lupton-Mclester |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 20823 |
| Wellbores | 3 |
| Reported production | 16,898 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $129K |
Where MILLIS 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.