MILLS-ESTATE
MILLS-ESTATE is a Texas oil lease in Scurry County, Railroad Commission district 8A, operated by Lemay Oil Company. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 259,367 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 $948K, with roughly $182K 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 241 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was March 2017, at 650 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 MILLS-ESTATE
- Who operates MILLS-ESTATE?
- MILLS-ESTATE is operated by Lemay Oil Company, Railroad Commission of Texas operator number 496230.
- Where is MILLS-ESTATE?
- MILLS-ESTATE is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 05736.
- Is MILLS-ESTATE still producing?
- MILLS-ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS-ESTATE is August 2026.
- How much has MILLS-ESTATE produced?
- MILLS-ESTATE has reported 259,367 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is MILLS-ESTATE worth?
- The remaining production from MILLS-ESTATE is estimated to be worth about $948K in total as of 26 August 2026, within a range of $740K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS-ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production MILLS-ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS-ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS-ESTATE generate in a year?
- MILLS-ESTATE is forecast to net about $182K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS-ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lemay Oil Company |
|---|---|
| Field | Sharon Ridge (1700) |
| County | Scurry County, Texas |
| RRC district | 8A |
| Lease number | 05736 |
| Wellbores | 15 |
| Reported production | 259,367 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $948K |
Where MILLS-ESTATE 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.