MIDWAY I
MIDWAY I is a Texas oil lease in Frio County, Railroad Commission district 01, operated by Trinity Operating (Usg), LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2026 to August 2026, totalling 258 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 $330K, with roughly $64K 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 84 barrels a month. Its strongest month on the record we hold was February 2026, at 181 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 MIDWAY I
- Who operates MIDWAY I?
- MIDWAY I is operated by Trinity Operating (Usg), LLC, Railroad Commission of Texas operator number 870209.
- Where is MIDWAY I?
- MIDWAY I is a Texas oil lease in Frio County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 21953.
- Is MIDWAY I still producing?
- MIDWAY I is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDWAY I is August 2026.
- How much has MIDWAY I produced?
- MIDWAY I has reported 258 barrels of oil (bbl) to the Railroad Commission of Texas between February 2026 and August 2026, from 1 wellbore.
- How much is MIDWAY I worth?
- The remaining production from MIDWAY I is estimated to be worth about $330K in total as of 26 August 2026, within a range of $182K to $479K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDWAY I is a fraction of it. The estimate fits an Arps decline curve to the production MIDWAY I has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDWAY I is an estimate of value, not an offer and not an appraisal.
- How much income does MIDWAY I generate in a year?
- MIDWAY I is forecast to net about $64K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIDWAY I receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Trinity Operating (Usg), LLC |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Frio County, Texas |
| RRC district | 01 |
| Lease number | 21953 |
| Wellbores | 1 |
| Reported production | 258 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $330K |
Where MIDWAY I 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.