GREGORY, MARGARET UNIT
GREGORY, MARGARET UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Browning Oil Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 181,925 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 $898K, with roughly $171K 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 171 barrels a month, about 85 per wellbore. Its strongest month on the record we hold was July 2020, at 587 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 GREGORY, MARGARET UNIT
- Who operates GREGORY, MARGARET UNIT?
- GREGORY, MARGARET UNIT is operated by Browning Oil Company, Inc., Railroad Commission of Texas operator number 103088.
- Where is GREGORY, MARGARET UNIT?
- GREGORY, MARGARET UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 15261.
- Is GREGORY, MARGARET UNIT still producing?
- GREGORY, MARGARET UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREGORY, MARGARET UNIT is August 2026.
- How much has GREGORY, MARGARET UNIT produced?
- GREGORY, MARGARET UNIT has reported 181,925 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GREGORY, MARGARET UNIT worth?
- The remaining production from GREGORY, MARGARET UNIT is estimated to be worth about $898K in total as of 26 August 2026, within a range of $701K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREGORY, MARGARET UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GREGORY, MARGARET UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREGORY, MARGARET UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GREGORY, MARGARET UNIT generate in a year?
- GREGORY, MARGARET UNIT is forecast to net about $171K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GREGORY, MARGARET UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Browning Oil Company, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 15261 |
| Wellbores | 2 |
| Reported production | 181,925 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $898K |
Where GREGORY, MARGARET UNIT 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.