MAGNUM LEVELLAND UNIT
MAGNUM LEVELLAND UNIT is a Texas oil lease in Cochran County, Railroad Commission district 8A, operated by Gruy Petroleum Management Co. It has 16 wellbores on file with the Commission. Reported production runs from March 1998 to August 2026, totalling 183,428 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 $715K, with roughly $137K 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 206 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was July 2022, at 369 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 MAGNUM LEVELLAND UNIT
- Who operates MAGNUM LEVELLAND UNIT?
- MAGNUM LEVELLAND UNIT is operated by Gruy Petroleum Management Co., Railroad Commission of Texas operator number 337106.
- Where is MAGNUM LEVELLAND UNIT?
- MAGNUM LEVELLAND UNIT is a Texas oil lease in Cochran County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 67887.
- Is MAGNUM LEVELLAND UNIT still producing?
- MAGNUM LEVELLAND UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGNUM LEVELLAND UNIT is August 2026.
- How much has MAGNUM LEVELLAND UNIT produced?
- MAGNUM LEVELLAND UNIT has reported 183,428 barrels of oil (bbl) to the Railroad Commission of Texas between March 1998 and August 2026, from 16 wellbores.
- How much is MAGNUM LEVELLAND UNIT worth?
- The remaining production from MAGNUM LEVELLAND UNIT is estimated to be worth about $715K in total as of 27 August 2026, within a range of $557K to $872K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGNUM LEVELLAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MAGNUM LEVELLAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGNUM LEVELLAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MAGNUM LEVELLAND UNIT generate in a year?
- MAGNUM LEVELLAND UNIT is forecast to net about $137K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAGNUM LEVELLAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gruy Petroleum Management Co. |
|---|---|
| Field | Levelland |
| County | Cochran County, Texas |
| RRC district | 8A |
| Lease number | 67887 |
| Wellbores | 16 |
| Reported production | 183,428 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $715K |
Where MAGNUM LEVELLAND UNIT 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.