MARGO
MARGO is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Young, John H., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,093,216 thousand cubic feet. 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 $135K, with roughly $26K 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 1,155 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 3,398 thousand cubic feet. 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 MARGO
- Who operates MARGO?
- MARGO is operated by Young, John H., Inc., Railroad Commission of Texas operator number 948460.
- Where is MARGO?
- MARGO is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 131705.
- Is MARGO still producing?
- MARGO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARGO is August 2026.
- How much has MARGO produced?
- MARGO has reported 2,093,216 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MARGO worth?
- The remaining production from MARGO is estimated to be worth about $135K in total as of 26 August 2026, within a range of $112K to $158K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARGO is a fraction of it. The estimate fits an Arps decline curve to the production MARGO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARGO is an estimate of value, not an offer and not an appraisal.
- How much income does MARGO generate in a year?
- MARGO is forecast to net about $26K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARGO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Young, John H., Inc. |
|---|---|
| Field | Rocky Creek (Edwards) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 131705 |
| Wellbores | 1 |
| Reported production | 2,093,216 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $135K |
Where MARGO 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.