MILLIFF
MILLIFF is a Texas oil lease in Runnels County, Railroad Commission district 7C, operated by Hess, Jerry Operating Co. It has 2 wellbores on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 28,508 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 $518K, with roughly $99K 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 129 barrels a month, about 64 per wellbore. Its strongest month on the record we hold was November 2016, at 240 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 MILLIFF
- Who operates MILLIFF?
- MILLIFF is operated by Hess, Jerry Operating Co., Railroad Commission of Texas operator number 381740.
- Where is MILLIFF?
- MILLIFF is a Texas oil lease in Runnels County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18329.
- Is MILLIFF still producing?
- MILLIFF is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLIFF is August 2026.
- How much has MILLIFF produced?
- MILLIFF has reported 28,508 barrels of oil (bbl) to the Railroad Commission of Texas between September 2013 and August 2026, from 2 wellbores.
- How much is MILLIFF worth?
- The remaining production from MILLIFF is estimated to be worth about $518K in total as of 27 August 2026, within a range of $404K to $633K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLIFF is a fraction of it. The estimate fits an Arps decline curve to the production MILLIFF has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLIFF is an estimate of value, not an offer and not an appraisal.
- How much income does MILLIFF generate in a year?
- MILLIFF is forecast to net about $99K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILLIFF receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hess, Jerry Operating Co. |
|---|---|
| Field | Ballinger (Palo Pinto) |
| County | Runnels County, Texas |
| RRC district | 7C |
| Lease number | 18329 |
| Wellbores | 2 |
| Reported production | 28,508 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $518K |
Where MILLIFF 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.