MILNE
MILNE is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Demand Energy, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,878 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 $268K, with roughly $52K 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 62 barrels a month, about 31 per wellbore. Its strongest month on the record we hold was January 2024, at 204 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 MILNE
- Who operates MILNE?
- MILNE is operated by Demand Energy, Inc., Railroad Commission of Texas operator number 214150.
- Where is MILNE?
- MILNE is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 20900.
- Is MILNE still producing?
- MILNE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILNE is August 2026.
- How much has MILNE produced?
- MILNE has reported 26,878 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MILNE worth?
- The remaining production from MILNE is estimated to be worth about $268K in total as of 27 August 2026, within a range of $148K to $389K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILNE is a fraction of it. The estimate fits an Arps decline curve to the production MILNE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILNE is an estimate of value, not an offer and not an appraisal.
- How much income does MILNE generate in a year?
- MILNE is forecast to net about $52K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILNE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Demand Energy, Inc. |
|---|---|
| Field | Lewis Steffens |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 20900 |
| Wellbores | 2 |
| Reported production | 26,878 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $268K |
Where MILNE 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.