ALTA WOOD-MCGARRAUGH '304'
ALTA WOOD-MCGARRAUGH '304' is a Texas oil lease in Ochiltree County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 194,229 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 $650K, with roughly $121K 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 155 barrels a month, about 78 per wellbore. Its strongest month on the record we hold was May 2016, at 2,067 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 ALTA WOOD-MCGARRAUGH '304'
- Who operates ALTA WOOD-MCGARRAUGH '304'?
- ALTA WOOD-MCGARRAUGH '304' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is ALTA WOOD-MCGARRAUGH '304'?
- ALTA WOOD-MCGARRAUGH '304' is a Texas oil lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08812.
- Is ALTA WOOD-MCGARRAUGH '304' still producing?
- ALTA WOOD-MCGARRAUGH '304' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALTA WOOD-MCGARRAUGH '304' is August 2026.
- How much has ALTA WOOD-MCGARRAUGH '304' produced?
- ALTA WOOD-MCGARRAUGH '304' has reported 194,229 barrels of oil (bbl) to the Railroad Commission of Texas between September 2012 and August 2026, from 2 wellbores.
- How much is ALTA WOOD-MCGARRAUGH '304' worth?
- The remaining production from ALTA WOOD-MCGARRAUGH '304' is estimated to be worth about $650K in total as of 26 August 2026, within a range of $507K to $793K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALTA WOOD-MCGARRAUGH '304' is a fraction of it. The estimate fits an Arps decline curve to the production ALTA WOOD-MCGARRAUGH '304' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALTA WOOD-MCGARRAUGH '304' is an estimate of value, not an offer and not an appraisal.
- How much income does ALTA WOOD-MCGARRAUGH '304' generate in a year?
- ALTA WOOD-MCGARRAUGH '304' is forecast to net about $121K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALTA WOOD-MCGARRAUGH '304' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 08812 |
| Wellbores | 2 |
| Reported production | 194,229 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $650K |
Where ALTA WOOD-MCGARRAUGH '304' 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.