BOONE C
BOONE C is a Texas oil lease in Washington 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 December 2021 to August 2026, totalling 718,671 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 $21.1M, with roughly $4.8M 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 5,587 barrels a month. Its strongest month on the record we hold was December 2021, at 48,541 barrels. 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 BOONE C
- Who operates BOONE C?
- BOONE C is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is BOONE C?
- BOONE C is a Texas oil lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27997.
- Is BOONE C still producing?
- BOONE C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BOONE C is August 2026.
- How much has BOONE C produced?
- BOONE C has reported 718,671 barrels of oil (bbl) to the Railroad Commission of Texas between December 2021 and August 2026, from 1 wellbore.
- How much is BOONE C worth?
- The remaining production from BOONE C is estimated to be worth about $21.1M in total as of 26 August 2026, within a range of $17.5M to $24.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BOONE C is a fraction of it. The estimate fits an Arps decline curve to the production BOONE C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BOONE C is an estimate of value, not an offer and not an appraisal.
- How much income does BOONE C generate in a year?
- BOONE C is forecast to net about $4.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BOONE C 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-3) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 27997 |
| Wellbores | 1 |
| Reported production | 718,671 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21.1M |
Where BOONE C 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.