MILLER 2
MILLER 2 is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2010 to August 2026, totalling 5,398,511 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 $1.5M, with roughly $272K 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 8,828 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 29,821 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 2
- Who operates MILLER 2?
- MILLER 2 is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is MILLER 2?
- MILLER 2 is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 259684.
- Is MILLER 2 still producing?
- MILLER 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLER 2 is August 2026.
- How much has MILLER 2 produced?
- MILLER 2 has reported 5,398,511 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2010 and August 2026, from 1 wellbore.
- How much is MILLER 2 worth?
- The remaining production from MILLER 2 is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.3M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLER 2 is a fraction of it. The estimate fits an Arps decline curve to the production MILLER 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLER 2 is an estimate of value, not an offer and not an appraisal.
- How much income does MILLER 2 generate in a year?
- MILLER 2 is forecast to net about $272K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLER 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Stiles Ranch (Granite Wash Cons) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 259684 |
| Wellbores | 1 |
| Reported production | 5,398,511 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where MILLER 2 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.