MARGARET "36"
MARGARET "36" is a Texas oil lease in Irion County, Railroad Commission district 7C, operated by MWJ Producing Company. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 47,508 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 $927K, with roughly $173K 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 200 barrels a month, about 67 per wellbore. Its strongest month on the record we hold was April 2024, at 540 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 "36"
- Who operates MARGARET "36"?
- MARGARET "36" is operated by MWJ Producing Company, Railroad Commission of Texas operator number 519020.
- Where is MARGARET "36"?
- MARGARET "36" is a Texas oil lease in Irion County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 11579.
- Is MARGARET "36" still producing?
- MARGARET "36" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARGARET "36" is August 2026.
- How much has MARGARET "36" produced?
- MARGARET "36" has reported 47,508 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is MARGARET "36" worth?
- The remaining production from MARGARET "36" is estimated to be worth about $927K in total as of 27 August 2026, within a range of $723K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARGARET "36" is a fraction of it. The estimate fits an Arps decline curve to the production MARGARET "36" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARGARET "36" is an estimate of value, not an offer and not an appraisal.
- How much income does MARGARET "36" generate in a year?
- MARGARET "36" is forecast to net about $173K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARGARET "36" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | MWJ Producing Company |
|---|---|
| Field | Rock Pen (Canyon) |
| County | Irion County, Texas |
| RRC district | 7C |
| Lease number | 11579 |
| Wellbores | 3 |
| Reported production | 47,508 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $927K |
Where MARGARET "36" 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.