MILLER UNIT NO. 2
MILLER UNIT NO. 2 is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Penn Virginia Oil & Gas, L.P. It has 2 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 326,926 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 $2.6M, with roughly $575K 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 755 barrels a month, about 378 per wellbore. Its strongest month on the record we hold was July 2016, at 2,896 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 MILLER UNIT NO. 2
- Who operates MILLER UNIT NO. 2?
- MILLER UNIT NO. 2 is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is MILLER UNIT NO. 2?
- MILLER UNIT NO. 2 is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 17510.
- Is MILLER UNIT NO. 2 still producing?
- MILLER UNIT NO. 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLER UNIT NO. 2 is August 2026.
- How much has MILLER UNIT NO. 2 produced?
- MILLER UNIT NO. 2 has reported 326,926 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 2 wellbores.
- How much is MILLER UNIT NO. 2 worth?
- The remaining production from MILLER UNIT NO. 2 is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.0M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLER UNIT NO. 2 is a fraction of it. The estimate fits an Arps decline curve to the production MILLER UNIT NO. 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLER UNIT NO. 2 is an estimate of value, not an offer and not an appraisal.
- How much income does MILLER UNIT NO. 2 generate in a year?
- MILLER UNIT NO. 2 is forecast to net about $575K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILLER UNIT NO. 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 17510 |
| Wellbores | 2 |
| Reported production | 326,926 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where MILLER UNIT NO. 2 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.