FRANKS OL
FRANKS OL is a Texas gas lease in Grimes 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 July 2019 to August 2026, totalling 734,159 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 $1K, with roughly $999 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 520 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 49,694 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 FRANKS OL
- Who operates FRANKS OL?
- FRANKS OL is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is FRANKS OL?
- FRANKS OL is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 289173.
- Is FRANKS OL still producing?
- FRANKS OL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRANKS OL is August 2026.
- How much has FRANKS OL produced?
- FRANKS OL has reported 734,159 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2019 and August 2026, from 1 wellbore.
- How much is FRANKS OL worth?
- The remaining production from FRANKS OL is estimated to be worth about $1K in total as of 27 August 2026, within a range of $804 to $1K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRANKS OL is a fraction of it. The estimate fits an Arps decline curve to the production FRANKS OL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRANKS OL is an estimate of value, not an offer and not an appraisal.
- How much income does FRANKS OL generate in a year?
- FRANKS OL is forecast to net about $999 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FRANKS OL 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, Gas) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 289173 |
| Wellbores | 1 |
| Reported production | 734,159 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1K |
Where FRANKS OL 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.