BLACK 23
BLACK 23 is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Marjac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 596,073 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 a standard royalty share at about $12K, with roughly $2K expected over the next twelve months.
| Operator | Marjac Oil Company, Inc. |
|---|---|
| Field | Buffalo Hill (Congl.) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 260690 |
| Wellbores | 1 |
| Reported production | 596,073 mcf |
| First reported | June 2011 |
| Last reported | August 2026 |
| Estimated royalty value | $12K |
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.