MAJESTIC
MAJESTIC is a Texas oil lease in Moore County, Railroad Commission district 10, operated by Majestic Oil & Gas, Inc. It has 13 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 49,089 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 $396K, with roughly $71K 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 84 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was September 2021, at 309 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MAJESTIC
- Who operates MAJESTIC?
- MAJESTIC is operated by Majestic Oil & Gas, Inc., Railroad Commission of Texas operator number 522561.
- Where is MAJESTIC?
- MAJESTIC is a Texas oil lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 06011.
- Is MAJESTIC still producing?
- MAJESTIC is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAJESTIC is August 2026.
- How much has MAJESTIC produced?
- MAJESTIC has reported 49,089 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 13 wellbores.
- How much is MAJESTIC worth?
- The remaining production from MAJESTIC is estimated to be worth about $396K in total as of 27 August 2026, within a range of $218K to $575K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAJESTIC is a fraction of it. The estimate fits an Arps decline curve to the production MAJESTIC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAJESTIC is an estimate of value, not an offer and not an appraisal.
- How much income does MAJESTIC generate in a year?
- MAJESTIC is forecast to net about $71K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAJESTIC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Majestic Oil & Gas, Inc. |
|---|---|
| Field | Panhandle Moore County Field |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 06011 |
| Wellbores | 13 |
| Reported production | 49,089 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $396K |
Where MAJESTIC 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.