TURNER UNIT
TURNER UNIT is a Texas oil lease in Chambers County, Railroad Commission district 03, operated by Magnetar Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2026 to August 2026, totalling 637 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 $1.0M, with roughly $200K 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 266 barrels a month. Its strongest month on the record we hold was April 2026, at 531 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 TURNER UNIT
- Who operates TURNER UNIT?
- TURNER UNIT is operated by Magnetar Operating LLC, Railroad Commission of Texas operator number 103180.
- Where is TURNER UNIT?
- TURNER UNIT is a Texas oil lease in Chambers County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28295.
- Is TURNER UNIT still producing?
- TURNER UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for TURNER UNIT is August 2026.
- How much has TURNER UNIT produced?
- TURNER UNIT has reported 637 barrels of oil (bbl) to the Railroad Commission of Texas between March 2026 and August 2026, from 1 wellbore.
- How much is TURNER UNIT worth?
- The remaining production from TURNER UNIT is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $812K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TURNER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TURNER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TURNER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TURNER UNIT generate in a year?
- TURNER UNIT is forecast to net about $200K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TURNER UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnetar Operating LLC |
|---|---|
| Field | Double Bayou, S. (Text W) |
| County | Chambers County, Texas |
| RRC district | 03 |
| Lease number | 28295 |
| Wellbores | 1 |
| Reported production | 637 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where TURNER UNIT 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.