LOTT
LOTT is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Magna Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 97,639 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 $829K, with roughly $160K 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 215 barrels a month. Its strongest month on the record we hold was March 2017, at 704 barrels. 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 LOTT
- Who operates LOTT?
- LOTT is operated by Magna Oil & Gas Corporation, Railroad Commission of Texas operator number 521443.
- Where is LOTT?
- LOTT is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 65837.
- Is LOTT still producing?
- LOTT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LOTT is August 2026.
- How much has LOTT produced?
- LOTT has reported 97,639 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LOTT worth?
- The remaining production from LOTT is estimated to be worth about $829K in total as of 26 August 2026, within a range of $647K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LOTT is a fraction of it. The estimate fits an Arps decline curve to the production LOTT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LOTT is an estimate of value, not an offer and not an appraisal.
- How much income does LOTT generate in a year?
- LOTT is forecast to net about $160K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LOTT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magna Oil & Gas Corporation |
|---|---|
| Field | Coulter, South (Spraberry, Up.) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 65837 |
| Wellbores | 1 |
| Reported production | 97,639 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $829K |
Where LOTT 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.