MCGARRAUGH 150
MCGARRAUGH 150 is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Latigo Petroleum Texas, LP. It has 1 wellbore on file with the Commission. Reported production runs from October 2006 to August 2026, totalling 1,676,259 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 $449K, with roughly $76K 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 2,597 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 7,040 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 MCGARRAUGH 150
- Who operates MCGARRAUGH 150?
- MCGARRAUGH 150 is operated by Latigo Petroleum Texas, LP, Railroad Commission of Texas operator number 488245.
- Where is MCGARRAUGH 150?
- MCGARRAUGH 150 is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 224314.
- Is MCGARRAUGH 150 still producing?
- MCGARRAUGH 150 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCGARRAUGH 150 is August 2026.
- How much has MCGARRAUGH 150 produced?
- MCGARRAUGH 150 has reported 1,676,259 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2006 and August 2026, from 1 wellbore.
- How much is MCGARRAUGH 150 worth?
- The remaining production from MCGARRAUGH 150 is estimated to be worth about $449K in total as of 27 August 2026, within a range of $372K to $525K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCGARRAUGH 150 is a fraction of it. The estimate fits an Arps decline curve to the production MCGARRAUGH 150 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCGARRAUGH 150 is an estimate of value, not an offer and not an appraisal.
- How much income does MCGARRAUGH 150 generate in a year?
- MCGARRAUGH 150 is forecast to net about $76K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCGARRAUGH 150 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Latigo Petroleum Texas, LP |
|---|---|
| Field | Lips (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 224314 |
| Wellbores | 1 |
| Reported production | 1,676,259 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $449K |
Where MCGARRAUGH 150 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.