MILLARD "D"
MILLARD "D" is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Phillips Petroleum Company. It has 8 wellbores on file with the Commission. Reported production runs from June 2002 to August 2026, totalling 502,270 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 $37.1M, with roughly $8.1M 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 14,316 barrels a month, about 1,789 per wellbore. Its strongest month on the record we hold was April 2025, at 26,577 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MILLARD "D"
- Who operates MILLARD "D"?
- MILLARD "D" is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is MILLARD "D"?
- MILLARD "D" is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36922.
- Is MILLARD "D" still producing?
- MILLARD "D" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLARD "D" is August 2026.
- How much has MILLARD "D" produced?
- MILLARD "D" has reported 502,270 barrels of oil (bbl) to the Railroad Commission of Texas between June 2002 and August 2026, from 8 wellbores.
- How much is MILLARD "D" worth?
- The remaining production from MILLARD "D" is estimated to be worth about $37.1M in total as of 26 August 2026, within a range of $30.4M to $43.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLARD "D" is a fraction of it. The estimate fits an Arps decline curve to the production MILLARD "D" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLARD "D" is an estimate of value, not an offer and not an appraisal.
- How much income does MILLARD "D" generate in a year?
- MILLARD "D" is forecast to net about $8.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLARD "D" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Penwell (Clear Fork 5100) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 36922 |
| Wellbores | 8 |
| Reported production | 502,270 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $37.1M |
Where MILLARD "D" 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.