MILLS-PATTON
MILLS-PATTON is a Texas oil lease in Mitchell County, Railroad Commission district 8A, operated by Fang Operators, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 650 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 $4K, with roughly $754 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 1 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was September 2018, at 6 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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-PATTON
- Who operates MILLS-PATTON?
- MILLS-PATTON is operated by Fang Operators, Inc., Railroad Commission of Texas operator number 261362.
- Where is MILLS-PATTON?
- MILLS-PATTON is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 64403.
- Is MILLS-PATTON still producing?
- MILLS-PATTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS-PATTON is August 2026.
- How much has MILLS-PATTON produced?
- MILLS-PATTON has reported 650 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MILLS-PATTON worth?
- The remaining production from MILLS-PATTON is estimated to be worth about $4K in total as of 26 August 2026, within a range of $0 to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS-PATTON is a fraction of it. The estimate fits an Arps decline curve to the production MILLS-PATTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS-PATTON is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS-PATTON generate in a year?
- MILLS-PATTON is forecast to net about $754 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS-PATTON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fang Operators, Inc. |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Mitchell County, Texas |
| RRC district | 8A |
| Lease number | 64403 |
| Wellbores | 2 |
| Reported production | 650 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where MILLS-PATTON 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.