MILTON A 9-20
MILTON A 9-20 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by De Central Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2025 to August 2026, totalling 137,747 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 $3.4M, with roughly $3.1M 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 11,740 barrels a month. Its strongest month on the record we hold was October 2025, at 32,518 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MILTON A 9-20
- Who operates MILTON A 9-20?
- MILTON A 9-20 is operated by De Central Operating, LLC, Railroad Commission of Texas operator number 102879.
- Where is MILTON A 9-20?
- MILTON A 9-20 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23135.
- Is MILTON A 9-20 still producing?
- MILTON A 9-20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILTON A 9-20 is August 2026.
- How much has MILTON A 9-20 produced?
- MILTON A 9-20 has reported 137,747 barrels of oil (bbl) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is MILTON A 9-20 worth?
- The remaining production from MILTON A 9-20 is estimated to be worth about $3.4M in total as of 27 August 2026, within a range of $2.8M to $4.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILTON A 9-20 is a fraction of it. The estimate fits an Arps decline curve to the production MILTON A 9-20 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILTON A 9-20 is an estimate of value, not an offer and not an appraisal.
- How much income does MILTON A 9-20 generate in a year?
- MILTON A 9-20 is forecast to net about $3.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILTON A 9-20 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | De Central Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 23135 |
| Wellbores | 1 |
| Reported production | 137,747 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where MILTON A 9-20 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.