MCGOWAN
MCGOWAN 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 108,913 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 $377K, with roughly $71K 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 105 barrels a month, about 53 per wellbore. Its strongest month on the record we hold was October 2017, at 396 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 MCGOWAN
- Who operates MCGOWAN?
- MCGOWAN is operated by Ratliff Operating Corp., Railroad Commission of Texas operator number 694298.
- Where is MCGOWAN?
- MCGOWAN is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 27217.
- Is MCGOWAN still producing?
- MCGOWAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCGOWAN is August 2026.
- How much has MCGOWAN produced?
- MCGOWAN has reported 108,913 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is MCGOWAN worth?
- The remaining production from MCGOWAN is estimated to be worth about $377K in total as of 26 August 2026, within a range of $294K to $460K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCGOWAN is a fraction of it. The estimate fits an Arps decline curve to the production MCGOWAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCGOWAN is an estimate of value, not an offer and not an appraisal.
- How much income does MCGOWAN generate in a year?
- MCGOWAN is forecast to net about $71K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCGOWAN 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 | 27217 |
| Wellbores | 2 |
| Reported production | 108,913 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $377K |
Where MCGOWAN 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.