MAGEE
MAGEE is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Gruy Petroleum Management Co. It has 1 wellbore on file with the Commission. Reported production runs from October 1997 to August 2026, totalling 272,977 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 $59K, with roughly $9K 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 377 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 577 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 MAGEE
- Who operates MAGEE?
- MAGEE is operated by Gruy Petroleum Management Co., Railroad Commission of Texas operator number 337106.
- Where is MAGEE?
- MAGEE is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 167173.
- Is MAGEE still producing?
- MAGEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGEE is August 2026.
- How much has MAGEE produced?
- MAGEE has reported 272,977 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 1997 and August 2026, from 1 wellbore.
- How much is MAGEE worth?
- The remaining production from MAGEE is estimated to be worth about $59K in total as of 27 August 2026, within a range of $46K to $72K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGEE is a fraction of it. The estimate fits an Arps decline curve to the production MAGEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGEE is an estimate of value, not an offer and not an appraisal.
- How much income does MAGEE generate in a year?
- MAGEE is forecast to net about $9K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAGEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gruy Petroleum Management Co. |
|---|---|
| Field | Panhandle, West |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 167173 |
| Wellbores | 1 |
| Reported production | 272,977 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $59K |
Where MAGEE 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.