RICHARD THRASHER
RICHARD THRASHER is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Richard'S Texas Tea LLC. It has 4 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 4,689 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 $52K, with roughly $10K 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 14 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was January 2017, at 190 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 RICHARD THRASHER
- Who operates RICHARD THRASHER?
- RICHARD THRASHER is operated by Richard'S Texas Tea LLC, Railroad Commission of Texas operator number 707423.
- Where is RICHARD THRASHER?
- RICHARD THRASHER is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18832.
- Is RICHARD THRASHER still producing?
- RICHARD THRASHER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARD THRASHER is August 2026.
- How much has RICHARD THRASHER produced?
- RICHARD THRASHER has reported 4,689 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 4 wellbores.
- How much is RICHARD THRASHER worth?
- The remaining production from RICHARD THRASHER is estimated to be worth about $52K in total as of 27 August 2026, within a range of $29K to $76K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARD THRASHER is a fraction of it. The estimate fits an Arps decline curve to the production RICHARD THRASHER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARD THRASHER is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARD THRASHER generate in a year?
- RICHARD THRASHER is forecast to net about $10K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICHARD THRASHER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Richard'S Texas Tea LLC |
|---|---|
| Field | Minerva-Rockdale |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 18832 |
| Wellbores | 4 |
| Reported production | 4,689 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $52K |
Where RICHARD THRASHER 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.