SPRINGS-MAGES UNIT
SPRINGS-MAGES UNIT is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Gibbs, Loyd Leasing. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 55,944 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $10K, with roughly $2K expected over the next twelve months.
| Operator | Gibbs, Loyd Leasing |
|---|---|
| Field | Lake Kiowa (Bruhlemeyer) |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 18487 |
| Wellbores | 4 |
| Reported production | 55,944 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $10K |
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.