MILTON G 9-20
MILTON G 9-20 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by De Central Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2025 to August 2026, totalling 133,754 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 $2.6M, with roughly $2.4M 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 12,819 barrels a month, about 6,410 per wellbore. Its strongest month on the record we hold was October 2025, at 36,268 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 G 9-20
- Who operates MILTON G 9-20?
- MILTON G 9-20 is operated by De Central Operating, LLC, Railroad Commission of Texas operator number 102879.
- Where is MILTON G 9-20?
- MILTON G 9-20 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 23165.
- Is MILTON G 9-20 still producing?
- MILTON G 9-20 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILTON G 9-20 is August 2026.
- How much has MILTON G 9-20 produced?
- MILTON G 9-20 has reported 133,754 barrels of oil (bbl) to the Railroad Commission of Texas between July 2025 and August 2026, from 2 wellbores.
- How much is MILTON G 9-20 worth?
- The remaining production from MILTON G 9-20 is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILTON G 9-20 is a fraction of it. The estimate fits an Arps decline curve to the production MILTON G 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 G 9-20 is an estimate of value, not an offer and not an appraisal.
- How much income does MILTON G 9-20 generate in a year?
- MILTON G 9-20 is forecast to net about $2.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILTON G 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 | 23165 |
| Wellbores | 2 |
| Reported production | 133,754 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where MILTON G 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.