MILLICAN REEF UNIT
MILLICAN REEF UNIT is a Texas oil lease in Coke County, Railroad Commission district 7C, operated by Abraxas Production Corporation. It has 7 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 128,187 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 $923K, 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 140 barrels a month, about 20 per wellbore. Its strongest month on the record we hold was October 2018, at 455 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 MILLICAN REEF UNIT
- Who operates MILLICAN REEF UNIT?
- MILLICAN REEF UNIT is operated by Abraxas Production Corporation, Railroad Commission of Texas operator number 003140.
- Where is MILLICAN REEF UNIT?
- MILLICAN REEF UNIT is a Texas oil lease in Coke County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 10733.
- Is MILLICAN REEF UNIT still producing?
- MILLICAN REEF UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLICAN REEF UNIT is August 2026.
- How much has MILLICAN REEF UNIT produced?
- MILLICAN REEF UNIT has reported 128,187 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 7 wellbores.
- How much is MILLICAN REEF UNIT worth?
- The remaining production from MILLICAN REEF UNIT is estimated to be worth about $923K in total as of 27 August 2026, within a range of $720K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLICAN REEF UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MILLICAN REEF UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLICAN REEF UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MILLICAN REEF UNIT generate in a year?
- MILLICAN REEF UNIT is forecast to net about $155K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILLICAN REEF UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Production Corporation |
|---|---|
| Field | Millican |
| County | Coke County, Texas |
| RRC district | 7C |
| Lease number | 10733 |
| Wellbores | 7 |
| Reported production | 128,187 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $923K |
Where MILLICAN REEF 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.