MARGARET 176
MARGARET 176 is a Texas oil lease in Hemphill County, Railroad Commission district 10, operated by Le Norman Operating Llc. It has 1 wellbore on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 17,725 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $6K, with roughly $2K expected over the next twelve months.
| Operator | Le Norman Operating Llc |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 09319 |
| Wellbores | 1 |
| Reported production | 17,725 bbl |
| First reported | December 2014 |
| Last reported | August 2026 |
| Estimated royalty value | $6K |
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.