AFFIRMED UNIT
AFFIRMED UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 3,804,547 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 $4.0M, with roughly $1.2M 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 21,022 thousand cubic feet a month. Its strongest month on the record we hold was December 2020, at 232,082 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 AFFIRMED UNIT
- Who operates AFFIRMED UNIT?
- AFFIRMED UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is AFFIRMED UNIT?
- AFFIRMED UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 289990.
- Is AFFIRMED UNIT still producing?
- AFFIRMED UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AFFIRMED UNIT is August 2026.
- How much has AFFIRMED UNIT produced?
- AFFIRMED UNIT has reported 3,804,547 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2020 and August 2026, from 1 wellbore.
- How much is AFFIRMED UNIT worth?
- The remaining production from AFFIRMED UNIT is estimated to be worth about $4.0M in total as of 26 August 2026, within a range of $3.3M to $4.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AFFIRMED UNIT is a fraction of it. The estimate fits an Arps decline curve to the production AFFIRMED UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AFFIRMED UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does AFFIRMED UNIT generate in a year?
- AFFIRMED UNIT is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AFFIRMED UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 289990 |
| Wellbores | 1 |
| Reported production | 3,804,547 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where AFFIRMED UNIT 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.