MILLS TRUST "126"
MILLS TRUST "126" is a Texas gas lease in Val Verde County, Railroad Commission district 01, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2005 to August 2026, totalling 59,682 thousand cubic feet. 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 $8K, with roughly $1K 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 37 thousand cubic feet a month. Its strongest month on the record we hold was September 2017, at 234 thousand cubic feet. 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 TRUST "126"
- Who operates MILLS TRUST "126"?
- MILLS TRUST "126" is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MILLS TRUST "126"?
- MILLS TRUST "126" is a Texas gas lease in Val Verde County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 209207.
- Is MILLS TRUST "126" still producing?
- MILLS TRUST "126" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS TRUST "126" is August 2026.
- How much has MILLS TRUST "126" produced?
- MILLS TRUST "126" has reported 59,682 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2005 and August 2026, from 1 wellbore.
- How much is MILLS TRUST "126" worth?
- The remaining production from MILLS TRUST "126" is estimated to be worth about $8K in total as of 27 August 2026, within a range of $4K to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS TRUST "126" is a fraction of it. The estimate fits an Arps decline curve to the production MILLS TRUST "126" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS TRUST "126" is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS TRUST "126" generate in a year?
- MILLS TRUST "126" is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MILLS TRUST "126" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Pandale (Canyon Sand) |
| County | Val Verde County, Texas |
| RRC district | 01 |
| Lease number | 209207 |
| Wellbores | 1 |
| Reported production | 59,682 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where MILLS TRUST "126" 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.