MILES
MILES is a Texas gas lease in Jasper County, Railroad Commission district 03, operated by Choice Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 44,382 thousand cubic feet. 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 $48K, with roughly $9K 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 38 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 3,930 thousand cubic feet. 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 MILES
- Who operates MILES?
- MILES is operated by Choice Exploration, Inc., Railroad Commission of Texas operator number 150655.
- Where is MILES?
- MILES is a Texas gas lease in Jasper County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 282755.
- Is MILES still producing?
- MILES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILES is August 2026.
- How much has MILES produced?
- MILES has reported 44,382 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is MILES worth?
- The remaining production from MILES is estimated to be worth about $48K in total as of 26 August 2026, within a range of $26K to $69K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILES is a fraction of it. The estimate fits an Arps decline curve to the production MILES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILES is an estimate of value, not an offer and not an appraisal.
- How much income does MILES generate in a year?
- MILES is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Choice Exploration, Inc. |
|---|---|
| Field | Adams Ranch (Yegua Dy) |
| County | Jasper County, Texas |
| RRC district | 03 |
| Lease number | 282755 |
| Wellbores | 1 |
| Reported production | 44,382 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $48K |
Where MILES 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.