MCGOWAN "B"
MCGOWAN "B" is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Ratliff Operating Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 120,748 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 $255K, with roughly $48K 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 62 barrels a month, about 31 per wellbore. Its strongest month on the record we hold was December 2018, at 575 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 MCGOWAN "B"
- Who operates MCGOWAN "B"?
- MCGOWAN "B" is operated by Ratliff Operating Corp., Railroad Commission of Texas operator number 694298.
- Where is MCGOWAN "B"?
- MCGOWAN "B" is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 27218.
- Is MCGOWAN "B" still producing?
- MCGOWAN "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCGOWAN "B" is August 2026.
- How much has MCGOWAN "B" produced?
- MCGOWAN "B" has reported 120,748 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MCGOWAN "B" worth?
- The remaining production from MCGOWAN "B" is estimated to be worth about $255K in total as of 27 August 2026, within a range of $140K to $369K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCGOWAN "B" is a fraction of it. The estimate fits an Arps decline curve to the production MCGOWAN "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCGOWAN "B" is an estimate of value, not an offer and not an appraisal.
- How much income does MCGOWAN "B" generate in a year?
- MCGOWAN "B" is forecast to net about $48K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCGOWAN "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ratliff Operating Corp. |
|---|---|
| Field | Quanah |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 27218 |
| Wellbores | 2 |
| Reported production | 120,748 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $255K |
Where MCGOWAN "B" 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.