MARGARET
MARGARET is a Texas oil lease in Lee County, Railroad Commission district 03, operated by U. S. Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 68,664 barrels. 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 $159K, with roughly $24K 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 15 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was January 2017, at 389 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MARGARET
- Who operates MARGARET?
- MARGARET is operated by U. S. Operating, Inc., Railroad Commission of Texas operator number 875431.
- Where is MARGARET?
- MARGARET is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 13939.
- Is MARGARET still producing?
- MARGARET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARGARET is August 2026.
- How much has MARGARET produced?
- MARGARET has reported 68,664 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MARGARET worth?
- The remaining production from MARGARET is estimated to be worth about $159K in total as of 27 August 2026, within a range of $88K to $231K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARGARET is a fraction of it. The estimate fits an Arps decline curve to the production MARGARET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARGARET is an estimate of value, not an offer and not an appraisal.
- How much income does MARGARET generate in a year?
- MARGARET is forecast to net about $24K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARGARET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | U. S. Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 13939 |
| Wellbores | 3 |
| Reported production | 68,664 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $159K |
Where MARGARET 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.