JONES-MILLER UNIT
JONES-MILLER UNIT is a Texas oil lease in Brazos County, Railroad Commission district 03, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2000 to August 2026, totalling 182,326 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 $691K, with roughly $129K 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 161 barrels a month. Its strongest month on the record we hold was May 2016, at 600 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 JONES-MILLER UNIT
- Who operates JONES-MILLER UNIT?
- JONES-MILLER UNIT is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is JONES-MILLER UNIT?
- JONES-MILLER UNIT is a Texas oil lease in Brazos County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24221.
- Is JONES-MILLER UNIT still producing?
- JONES-MILLER UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES-MILLER UNIT is August 2026.
- How much has JONES-MILLER UNIT produced?
- JONES-MILLER UNIT has reported 182,326 barrels of oil (bbl) to the Railroad Commission of Texas between November 2000 and August 2026, from 1 wellbore.
- How much is JONES-MILLER UNIT worth?
- The remaining production from JONES-MILLER UNIT is estimated to be worth about $691K in total as of 27 August 2026, within a range of $539K to $844K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES-MILLER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JONES-MILLER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES-MILLER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JONES-MILLER UNIT generate in a year?
- JONES-MILLER UNIT is forecast to net about $129K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JONES-MILLER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Giddings (Buda) |
| County | Brazos County, Texas |
| RRC district | 03 |
| Lease number | 24221 |
| Wellbores | 1 |
| Reported production | 182,326 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $691K |
Where JONES-MILLER UNIT 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.