MILLS RANCH 2B
MILLS RANCH 2B is a Texas oil lease in Roberts County, Railroad Commission district 10, operated by Corlena Oil Company. It has 3 wellbores on file with the Commission. Reported production runs from July 2013 to August 2026, totalling 61,080 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 $1.1M, with roughly $165K 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 91 barrels a month, about 30 per wellbore. Its strongest month on the record we hold was July 2016, at 910 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 MILLS RANCH 2B
- Who operates MILLS RANCH 2B?
- MILLS RANCH 2B is operated by Corlena Oil Company, Railroad Commission of Texas operator number 178450.
- Where is MILLS RANCH 2B?
- MILLS RANCH 2B is a Texas oil lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08983.
- Is MILLS RANCH 2B still producing?
- MILLS RANCH 2B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS RANCH 2B is August 2026.
- How much has MILLS RANCH 2B produced?
- MILLS RANCH 2B has reported 61,080 barrels of oil (bbl) to the Railroad Commission of Texas between July 2013 and August 2026, from 3 wellbores.
- How much is MILLS RANCH 2B worth?
- The remaining production from MILLS RANCH 2B is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $622K to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS RANCH 2B is a fraction of it. The estimate fits an Arps decline curve to the production MILLS RANCH 2B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS RANCH 2B is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS RANCH 2B generate in a year?
- MILLS RANCH 2B is forecast to net about $165K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS RANCH 2B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Corlena Oil Company |
|---|---|
| Field | ST. Clair (Granite Wash) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 08983 |
| Wellbores | 3 |
| Reported production | 61,080 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where MILLS RANCH 2B 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.