MARGIE
MARGIE is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 546,654 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 $103K, with roughly $16K 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 762 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 1,306 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 MARGIE
- Who operates MARGIE?
- MARGIE is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is MARGIE?
- MARGIE is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 226508.
- Is MARGIE still producing?
- MARGIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARGIE is August 2026.
- How much has MARGIE produced?
- MARGIE has reported 546,654 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2006 and August 2026, from 1 wellbore.
- How much is MARGIE worth?
- The remaining production from MARGIE is estimated to be worth about $103K in total as of 26 August 2026, within a range of $80K to $126K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARGIE is a fraction of it. The estimate fits an Arps decline curve to the production MARGIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARGIE is an estimate of value, not an offer and not an appraisal.
- How much income does MARGIE generate in a year?
- MARGIE is forecast to net about $16K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARGIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 226508 |
| Wellbores | 1 |
| Reported production | 546,654 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $103K |
Where MARGIE 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.