MASENGALE
MASENGALE is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Crusader Energy Group, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 11,259 barrels. The lease is intermittent. 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 $1.4M, with roughly $172K 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 2 barrels a month. Its strongest month on the record we hold was December 2017, at 77 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MASENGALE
- Who operates MASENGALE?
- MASENGALE is operated by Crusader Energy Group, LLC, Railroad Commission of Texas operator number 191621.
- Where is MASENGALE?
- MASENGALE is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30962.
- Is MASENGALE still producing?
- MASENGALE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MASENGALE is August 2026.
- How much has MASENGALE produced?
- MASENGALE has reported 11,259 barrels of oil (bbl) to the Railroad Commission of Texas between October 2007 and August 2026, from 1 wellbore.
- How much is MASENGALE worth?
- The remaining production from MASENGALE is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $0 to $2.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MASENGALE is a fraction of it. The estimate fits an Arps decline curve to the production MASENGALE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MASENGALE is an estimate of value, not an offer and not an appraisal.
- How much income does MASENGALE generate in a year?
- MASENGALE is forecast to net about $172K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MASENGALE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crusader Energy Group, LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 30962 |
| Wellbores | 1 |
| Reported production | 11,259 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where MASENGALE 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.