GLACIER ELK
GLACIER ELK is a Texas oil lease in Fayette 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 July 2022 to August 2026, totalling 216,338 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 $2.8M, with roughly $1.1M 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 1,708 barrels a month. Its strongest month on the record we hold was August 2022, at 16,248 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 GLACIER ELK
- Who operates GLACIER ELK?
- GLACIER ELK is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is GLACIER ELK?
- GLACIER ELK is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28097.
- Is GLACIER ELK still producing?
- GLACIER ELK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLACIER ELK is August 2026.
- How much has GLACIER ELK produced?
- GLACIER ELK has reported 216,338 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is GLACIER ELK worth?
- The remaining production from GLACIER ELK is estimated to be worth about $2.8M in total as of 26 August 2026, within a range of $2.3M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLACIER ELK is a fraction of it. The estimate fits an Arps decline curve to the production GLACIER ELK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLACIER ELK is an estimate of value, not an offer and not an appraisal.
- How much income does GLACIER ELK generate in a year?
- GLACIER ELK is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GLACIER ELK 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 (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 28097 |
| Wellbores | 1 |
| Reported production | 216,338 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.8M |
Where GLACIER ELK 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.