NITRO UNIT
NITRO UNIT is a Texas gas 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 October 2025 to August 2026, totalling 627 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 $18K, with roughly $2K 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 90 thousand cubic feet a month. Its strongest month on the record we hold was February 2026, at 235 thousand cubic feet. 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 NITRO UNIT
- Who operates NITRO UNIT?
- NITRO UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is NITRO UNIT?
- NITRO UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 300886.
- Is NITRO UNIT still producing?
- NITRO UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NITRO UNIT is August 2026.
- How much has NITRO UNIT produced?
- NITRO UNIT has reported 627 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2025 and August 2026, from 1 wellbore.
- How much is NITRO UNIT worth?
- The remaining production from NITRO UNIT is estimated to be worth about $18K in total as of 26 August 2026, within a range of $10K to $26K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NITRO UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NITRO UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NITRO UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NITRO UNIT generate in a year?
- NITRO UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NITRO UNIT 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 | 300886 |
| Wellbores | 1 |
| Reported production | 627 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $18K |
Where NITRO 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.