SECRETARIAT
SECRETARIAT is a Texas oil lease in Caldwell County, Railroad Commission district 01, operated by Millennium Exploration Co. LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2025 to August 2026, totalling 6,638 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 $603K, with roughly $205K 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 393 barrels a month. Its strongest month on the record we hold was April 2025, at 799 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 SECRETARIAT
- Who operates SECRETARIAT?
- SECRETARIAT is operated by Millennium Exploration Co. LLC, Railroad Commission of Texas operator number 567496.
- Where is SECRETARIAT?
- SECRETARIAT is a Texas oil lease in Caldwell County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21689.
- Is SECRETARIAT still producing?
- SECRETARIAT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SECRETARIAT is August 2026.
- How much has SECRETARIAT produced?
- SECRETARIAT has reported 6,638 barrels of oil (bbl) to the Railroad Commission of Texas between February 2025 and August 2026, from 1 wellbore.
- How much is SECRETARIAT worth?
- The remaining production from SECRETARIAT is estimated to be worth about $603K in total as of 27 August 2026, within a range of $470K to $735K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SECRETARIAT is a fraction of it. The estimate fits an Arps decline curve to the production SECRETARIAT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SECRETARIAT is an estimate of value, not an offer and not an appraisal.
- How much income does SECRETARIAT generate in a year?
- SECRETARIAT is forecast to net about $205K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SECRETARIAT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Millennium Exploration Co. LLC |
|---|---|
| Field | Luling-Branyon |
| County | Caldwell County, Texas |
| RRC district | 01 |
| Lease number | 21689 |
| Wellbores | 1 |
| Reported production | 6,638 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $603K |
Where SECRETARIAT 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.