PLAINS DRIFTER
PLAINS DRIFTER is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2023 to August 2026, totalling 142,724 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 $3.1M, with roughly $977K 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 1,763 barrels a month. Its strongest month on the record we hold was June 2023, at 19,348 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 PLAINS DRIFTER
- Who operates PLAINS DRIFTER?
- PLAINS DRIFTER is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is PLAINS DRIFTER?
- PLAINS DRIFTER is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28080.
- Is PLAINS DRIFTER still producing?
- PLAINS DRIFTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PLAINS DRIFTER is August 2026.
- How much has PLAINS DRIFTER produced?
- PLAINS DRIFTER has reported 142,724 barrels of oil (bbl) to the Railroad Commission of Texas between May 2023 and August 2026, from 1 wellbore.
- How much is PLAINS DRIFTER worth?
- The remaining production from PLAINS DRIFTER is estimated to be worth about $3.1M in total as of 27 August 2026, within a range of $2.6M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PLAINS DRIFTER is a fraction of it. The estimate fits an Arps decline curve to the production PLAINS DRIFTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PLAINS DRIFTER is an estimate of value, not an offer and not an appraisal.
- How much income does PLAINS DRIFTER generate in a year?
- PLAINS DRIFTER is forecast to net about $977K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PLAINS DRIFTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Eagleford) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 28080 |
| Wellbores | 1 |
| Reported production | 142,724 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where PLAINS DRIFTER 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.