GLASGOW
GLASGOW is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Massie Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 1,859 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 $40K, with roughly $8K 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 13 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was February 2023, at 94 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 GLASGOW
- Who operates GLASGOW?
- GLASGOW is operated by Massie Oil Company, Railroad Commission of Texas operator number 532275.
- Where is GLASGOW?
- GLASGOW is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32176.
- Is GLASGOW still producing?
- GLASGOW is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASGOW is August 2026.
- How much has GLASGOW produced?
- GLASGOW has reported 1,859 barrels of oil (bbl) to the Railroad Commission of Texas between April 2012 and August 2026, from 2 wellbores.
- How much is GLASGOW worth?
- The remaining production from GLASGOW is estimated to be worth about $40K in total as of 26 August 2026, within a range of $22K to $57K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASGOW is a fraction of it. The estimate fits an Arps decline curve to the production GLASGOW has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLASGOW is an estimate of value, not an offer and not an appraisal.
- How much income does GLASGOW generate in a year?
- GLASGOW is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GLASGOW receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Massie Oil Company |
|---|---|
| Field | Clay County Regular |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 32176 |
| Wellbores | 2 |
| Reported production | 1,859 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $40K |
Where GLASGOW 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.