MGI UNIT 1
MGI UNIT 1 is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Mid-Gulf, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 10,121 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 $36K, with roughly $7K 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 9 barrels a month. Its strongest month on the record we hold was April 2026, at 37 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MGI UNIT 1
- Who operates MGI UNIT 1?
- MGI UNIT 1 is operated by Mid-Gulf, Inc., Railroad Commission of Texas operator number 565888.
- Where is MGI UNIT 1?
- MGI UNIT 1 is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 19315.
- Is MGI UNIT 1 still producing?
- MGI UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MGI UNIT 1 is August 2026.
- How much has MGI UNIT 1 produced?
- MGI UNIT 1 has reported 10,121 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MGI UNIT 1 worth?
- The remaining production from MGI UNIT 1 is estimated to be worth about $36K in total as of 27 August 2026, within a range of $0 to $72K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MGI UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production MGI UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MGI UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MGI UNIT 1 generate in a year?
- MGI UNIT 1 is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MGI UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mid-Gulf, Inc. |
|---|---|
| Field | Hooker Creek (Navarro A) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 19315 |
| Wellbores | 1 |
| Reported production | 10,121 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $36K |
Where MGI UNIT 1 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.