RUBY UNIT
RUBY 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 August 2025 to August 2026, totalling 6,374 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 $74K, with roughly $12K 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 702 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 1,825 thousand cubic feet. 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 RUBY UNIT
- Who operates RUBY UNIT?
- RUBY UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is RUBY UNIT?
- RUBY UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 301159.
- Is RUBY UNIT still producing?
- RUBY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RUBY UNIT is August 2026.
- How much has RUBY UNIT produced?
- RUBY UNIT has reported 6,374 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2025 and August 2026, from 1 wellbore.
- How much is RUBY UNIT worth?
- The remaining production from RUBY UNIT is estimated to be worth about $74K in total as of 26 August 2026, within a range of $58K to $91K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUBY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RUBY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUBY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RUBY UNIT generate in a year?
- RUBY UNIT is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RUBY 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 | 301159 |
| Wellbores | 1 |
| Reported production | 6,374 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $74K |
Where RUBY 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.