MAGNOLIA REALTY
MAGNOLIA REALTY is a Texas gas lease in Harris County, Railroad Commission district 03, operated by Tortuga Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 121,606 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 $27K, with roughly $3K 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 131 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 937 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 MAGNOLIA REALTY
- Who operates MAGNOLIA REALTY?
- MAGNOLIA REALTY is operated by Tortuga Operating Company, Railroad Commission of Texas operator number 862750.
- Where is MAGNOLIA REALTY?
- MAGNOLIA REALTY is a Texas gas lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 129250.
- Is MAGNOLIA REALTY still producing?
- MAGNOLIA REALTY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGNOLIA REALTY is August 2026.
- How much has MAGNOLIA REALTY produced?
- MAGNOLIA REALTY has reported 121,606 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MAGNOLIA REALTY worth?
- The remaining production from MAGNOLIA REALTY is estimated to be worth about $27K in total as of 27 August 2026, within a range of $21K to $33K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGNOLIA REALTY is a fraction of it. The estimate fits an Arps decline curve to the production MAGNOLIA REALTY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGNOLIA REALTY is an estimate of value, not an offer and not an appraisal.
- How much income does MAGNOLIA REALTY generate in a year?
- MAGNOLIA REALTY is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAGNOLIA REALTY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tortuga Operating Company |
|---|---|
| Field | Tomball (Vicksburg 4050) |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 129250 |
| Wellbores | 1 |
| Reported production | 121,606 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $27K |
Where MAGNOLIA REALTY 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.