PALE RIDER
PALE RIDER is a Texas oil lease in Robertson 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 June 2023 to August 2026, totalling 290,971 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 $7.2M, with roughly $2.2M 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 3,749 barrels a month. Its strongest month on the record we hold was July 2023, at 27,512 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 PALE RIDER
- Who operates PALE RIDER?
- PALE RIDER is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is PALE RIDER?
- PALE RIDER is a Texas oil lease in Robertson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28081.
- Is PALE RIDER still producing?
- PALE RIDER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALE RIDER is August 2026.
- How much has PALE RIDER produced?
- PALE RIDER has reported 290,971 barrels of oil (bbl) to the Railroad Commission of Texas between June 2023 and August 2026, from 1 wellbore.
- How much is PALE RIDER worth?
- The remaining production from PALE RIDER is estimated to be worth about $7.2M in total as of 26 August 2026, within a range of $6.0M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALE RIDER is a fraction of it. The estimate fits an Arps decline curve to the production PALE RIDER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALE RIDER is an estimate of value, not an offer and not an appraisal.
- How much income does PALE RIDER generate in a year?
- PALE RIDER is forecast to net about $2.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PALE RIDER 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 | Robertson County, Texas |
| RRC district | 03 |
| Lease number | 28081 |
| Wellbores | 1 |
| Reported production | 290,971 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.2M |
Where PALE RIDER 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.