MILLS RANCH
MILLS RANCH is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Sanguine Gas Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2008 to August 2026, totalling 2,651,383 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 $533K, with roughly $204K 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 3,224 thousand cubic feet a month. Its strongest month on the record we hold was October 2023, at 22,253 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 MILLS RANCH
- Who operates MILLS RANCH?
- MILLS RANCH is operated by Sanguine Gas Exploration, LLC, Railroad Commission of Texas operator number 748059.
- Where is MILLS RANCH?
- MILLS RANCH is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 235264.
- Is MILLS RANCH still producing?
- MILLS RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILLS RANCH is August 2026.
- How much has MILLS RANCH produced?
- MILLS RANCH has reported 2,651,383 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2008 and August 2026, from 1 wellbore.
- How much is MILLS RANCH worth?
- The remaining production from MILLS RANCH is estimated to be worth about $533K in total as of 26 August 2026, within a range of $442K to $624K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILLS RANCH is a fraction of it. The estimate fits an Arps decline curve to the production MILLS RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILLS RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does MILLS RANCH generate in a year?
- MILLS RANCH is forecast to net about $204K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILLS RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sanguine Gas Exploration, LLC |
|---|---|
| Field | Mills Ranch (Atoka) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 235264 |
| Wellbores | 1 |
| Reported production | 2,651,383 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $533K |
Where MILLS RANCH 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.