MILLS UNIT
MILLS UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Eog Resources, Inc. It has 6 wellbores on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 2,439,784 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 $22.8M, with roughly $6.2M 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 8,099 barrels a month, about 1,350 per wellbore. Its strongest month on the record we hold was November 2021, at 132,859 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MILLS UNIT
- Who operates MILLS UNIT?
- MILLS UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is MILLS UNIT?
- MILLS UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 11838.
- Is MILLS UNIT still producing?
- MILLS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS UNIT is August 2026.
- How much has MILLS UNIT produced?
- MILLS UNIT has reported 2,439,784 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 6 wellbores.
- How much is MILLS UNIT worth?
- The remaining production from MILLS UNIT is estimated to be worth about $22.8M in total as of 26 August 2026, within a range of $18.9M to $26.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MILLS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS UNIT generate in a year?
- MILLS UNIT is forecast to net about $6.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Sugarkane (Austin Chalk) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 11838 |
| Wellbores | 6 |
| Reported production | 2,439,784 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22.8M |
Where MILLS UNIT 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.