EDWARDS
EDWARDS is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Millwee Oil, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2001 to August 2026, totalling 14,485 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 $99K, with roughly $19K 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 29 barrels a month. Its strongest month on the record we hold was January 2017, at 200 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 EDWARDS
- Who operates EDWARDS?
- EDWARDS is operated by Millwee Oil, Inc., Railroad Commission of Texas operator number 569339.
- Where is EDWARDS?
- EDWARDS is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36574.
- Is EDWARDS still producing?
- EDWARDS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EDWARDS is August 2026.
- How much has EDWARDS produced?
- EDWARDS has reported 14,485 barrels of oil (bbl) to the Railroad Commission of Texas between March 2001 and August 2026, from 1 wellbore.
- How much is EDWARDS worth?
- The remaining production from EDWARDS is estimated to be worth about $99K in total as of 26 August 2026, within a range of $54K to $143K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EDWARDS is a fraction of it. The estimate fits an Arps decline curve to the production EDWARDS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EDWARDS is an estimate of value, not an offer and not an appraisal.
- How much income does EDWARDS generate in a year?
- EDWARDS is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EDWARDS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Millwee Oil, Inc. |
|---|---|
| Field | Crawar, N. (Tubb) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 36574 |
| Wellbores | 1 |
| Reported production | 14,485 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $99K |
Where EDWARDS 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.