ZARAGOZA
ZARAGOZA is a Texas gas lease in Lee County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 1,445,507 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 $3.2M, with roughly $714K 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 21,481 thousand cubic feet a month. Its strongest month on the record we hold was December 2022, at 62,590 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 ZARAGOZA
- Who operates ZARAGOZA?
- ZARAGOZA is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is ZARAGOZA?
- ZARAGOZA is a Texas gas lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 295190.
- Is ZARAGOZA still producing?
- ZARAGOZA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ZARAGOZA is August 2026.
- How much has ZARAGOZA produced?
- ZARAGOZA has reported 1,445,507 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is ZARAGOZA worth?
- The remaining production from ZARAGOZA is estimated to be worth about $3.2M in total as of 27 August 2026, within a range of $2.6M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ZARAGOZA is a fraction of it. The estimate fits an Arps decline curve to the production ZARAGOZA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ZARAGOZA is an estimate of value, not an offer and not an appraisal.
- How much income does ZARAGOZA generate in a year?
- ZARAGOZA is forecast to net about $714K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ZARAGOZA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 295190 |
| Wellbores | 1 |
| Reported production | 1,445,507 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where ZARAGOZA 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.