BAINS, WHITT
BAINS, WHITT is a Texas oil lease in Waller County, Railroad Commission district 03, operated by Millennium Offshore Group, Inc. It has 9 wellbores on file with the Commission. Reported production runs from December 2000 to August 2026, totalling 367,013 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 $229K, with roughly $44K 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 46 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was July 2021, at 487 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 BAINS, WHITT
- Who operates BAINS, WHITT?
- BAINS, WHITT is operated by Millennium Offshore Group, Inc., Railroad Commission of Texas operator number 567483.
- Where is BAINS, WHITT?
- BAINS, WHITT is a Texas oil lease in Waller County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23985.
- Is BAINS, WHITT still producing?
- BAINS, WHITT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAINS, WHITT is August 2026.
- How much has BAINS, WHITT produced?
- BAINS, WHITT has reported 367,013 barrels of oil (bbl) to the Railroad Commission of Texas between December 2000 and August 2026, from 9 wellbores.
- How much is BAINS, WHITT worth?
- The remaining production from BAINS, WHITT is estimated to be worth about $229K in total as of 26 August 2026, within a range of $126K to $331K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAINS, WHITT is a fraction of it. The estimate fits an Arps decline curve to the production BAINS, WHITT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAINS, WHITT is an estimate of value, not an offer and not an appraisal.
- How much income does BAINS, WHITT generate in a year?
- BAINS, WHITT is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAINS, WHITT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Millennium Offshore Group, Inc. |
|---|---|
| Field | Brookshire |
| County | Waller County, Texas |
| RRC district | 03 |
| Lease number | 23985 |
| Wellbores | 9 |
| Reported production | 367,013 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $229K |
Where BAINS, WHITT 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.