MILLS RANCH & CO.
MILLS RANCH & CO. is a Texas oil lease in Wheeler County, Railroad Commission district 10, operated by Sanguine Gas Exploration, LLC. It has 2 wellbores on file with the Commission. Reported production runs from March 2010 to August 2026, totalling 192,714 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 $899K, with roughly $155K 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 169 barrels a month, about 84 per wellbore. Its strongest month on the record we hold was February 2020, at 538 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 MILLS RANCH & CO.
- Who operates MILLS RANCH & CO.?
- MILLS RANCH & CO. is operated by Sanguine Gas Exploration, LLC, Railroad Commission of Texas operator number 748059.
- Where is MILLS RANCH & CO.?
- MILLS RANCH & CO. is a Texas oil lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08108.
- Is MILLS RANCH & CO. still producing?
- MILLS RANCH & CO. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS RANCH & CO. is August 2026.
- How much has MILLS RANCH & CO. produced?
- MILLS RANCH & CO. has reported 192,714 barrels of oil (bbl) to the Railroad Commission of Texas between March 2010 and August 2026, from 2 wellbores.
- How much is MILLS RANCH & CO. worth?
- The remaining production from MILLS RANCH & CO. is estimated to be worth about $899K in total as of 26 August 2026, within a range of $701K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS RANCH & CO. is a fraction of it. The estimate fits an Arps decline curve to the production MILLS RANCH & CO. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS RANCH & CO. is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS RANCH & CO. generate in a year?
- MILLS RANCH & CO. is forecast to net about $155K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS RANCH & CO. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sanguine Gas Exploration, LLC |
|---|---|
| Field | Mills Ranch (Granite Wash Cons.) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 08108 |
| Wellbores | 2 |
| Reported production | 192,714 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $899K |
Where MILLS RANCH & CO. 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.