MILLER 3748 B
MILLER 3748 B is a Texas oil lease in Upton County, Railroad Commission district 7C, operated by Apache Corporation. It has 2 wellbores on file with the Commission. Reported production runs from December 2017 to August 2026, totalling 574,418 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 $1.7M, with roughly $627K 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 393 barrels a month, about 196 per wellbore. Its strongest month on the record we hold was January 2018, at 68,335 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 MILLER 3748 B
- Who operates MILLER 3748 B?
- MILLER 3748 B is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is MILLER 3748 B?
- MILLER 3748 B is a Texas oil lease in Upton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 19880.
- Is MILLER 3748 B still producing?
- MILLER 3748 B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLER 3748 B is August 2026.
- How much has MILLER 3748 B produced?
- MILLER 3748 B has reported 574,418 barrels of oil (bbl) to the Railroad Commission of Texas between December 2017 and August 2026, from 2 wellbores.
- How much is MILLER 3748 B worth?
- The remaining production from MILLER 3748 B is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.3M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLER 3748 B is a fraction of it. The estimate fits an Arps decline curve to the production MILLER 3748 B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLER 3748 B is an estimate of value, not an offer and not an appraisal.
- How much income does MILLER 3748 B generate in a year?
- MILLER 3748 B is forecast to net about $627K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILLER 3748 B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Upton County, Texas |
| RRC district | 7C |
| Lease number | 19880 |
| Wellbores | 2 |
| Reported production | 574,418 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where MILLER 3748 B 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.