BIG STATE 2 MCMILLAN
BIG STATE 2 MCMILLAN is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Mcmillan, John V. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,309 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 $148K, with roughly $29K 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 39 barrels a month, about 20 per wellbore. Its strongest month on the record we hold was April 2024, at 82 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 BIG STATE 2 MCMILLAN
- Who operates BIG STATE 2 MCMILLAN?
- BIG STATE 2 MCMILLAN is operated by Mcmillan, John V., Railroad Commission of Texas operator number 553485.
- Where is BIG STATE 2 MCMILLAN?
- BIG STATE 2 MCMILLAN is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 08309.
- Is BIG STATE 2 MCMILLAN still producing?
- BIG STATE 2 MCMILLAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIG STATE 2 MCMILLAN is August 2026.
- How much has BIG STATE 2 MCMILLAN produced?
- BIG STATE 2 MCMILLAN has reported 16,309 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is BIG STATE 2 MCMILLAN worth?
- The remaining production from BIG STATE 2 MCMILLAN is estimated to be worth about $148K in total as of 27 August 2026, within a range of $82K to $215K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIG STATE 2 MCMILLAN is a fraction of it. The estimate fits an Arps decline curve to the production BIG STATE 2 MCMILLAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIG STATE 2 MCMILLAN is an estimate of value, not an offer and not an appraisal.
- How much income does BIG STATE 2 MCMILLAN generate in a year?
- BIG STATE 2 MCMILLAN is forecast to net about $29K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIG STATE 2 MCMILLAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcmillan, John V. |
|---|---|
| Field | Simpson |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 08309 |
| Wellbores | 2 |
| Reported production | 16,309 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $148K |
Where BIG STATE 2 MCMILLAN 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.