MILLER
MILLER is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Pmo. It has 1 wellbore on file with the Commission. Reported production runs from April 2009 to August 2026, totalling 183,708 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 $188K, with roughly $36K 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 47 barrels a month. Its strongest month on the record we hold was October 2021, at 567 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 MILLER
- Who operates MILLER?
- MILLER is operated by Pmo, Railroad Commission of Texas operator number 668494.
- Where is MILLER?
- MILLER is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 25347.
- Is MILLER still producing?
- MILLER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLER is August 2026.
- How much has MILLER produced?
- MILLER has reported 183,708 barrels of oil (bbl) to the Railroad Commission of Texas between April 2009 and August 2026, from 1 wellbore.
- How much is MILLER worth?
- The remaining production from MILLER is estimated to be worth about $188K in total as of 26 August 2026, within a range of $104K to $273K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLER is a fraction of it. The estimate fits an Arps decline curve to the production MILLER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLER is an estimate of value, not an offer and not an appraisal.
- How much income does MILLER generate in a year?
- MILLER is forecast to net about $36K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pmo |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 25347 |
| Wellbores | 1 |
| Reported production | 183,708 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $188K |
Where MILLER 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.