MILDRED
MILDRED is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Kaiser-Francis Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 97,418 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 $64K, with roughly $12K 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 12 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was May 2016, at 103 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 MILDRED
- Who operates MILDRED?
- MILDRED is operated by Kaiser-Francis Oil Company, Railroad Commission of Texas operator number 450175.
- Where is MILDRED?
- MILDRED is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 22185.
- Is MILDRED still producing?
- MILDRED is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILDRED is August 2026.
- How much has MILDRED produced?
- MILDRED has reported 97,418 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MILDRED worth?
- The remaining production from MILDRED is estimated to be worth about $64K in total as of 26 August 2026, within a range of $35K to $93K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILDRED is a fraction of it. The estimate fits an Arps decline curve to the production MILDRED has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILDRED is an estimate of value, not an offer and not an appraisal.
- How much income does MILDRED generate in a year?
- MILDRED is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILDRED receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kaiser-Francis Oil Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 22185 |
| Wellbores | 3 |
| Reported production | 97,418 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $64K |
Where MILDRED 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.