MARGIE 153
MARGIE 153 is a Texas oil lease in Lipscomb County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2012 to August 2026, totalling 83,295 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 $952K, with roughly $176K 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 226 barrels a month. Its strongest month on the record we hold was December 2019, at 495 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 MARGIE 153
- Who operates MARGIE 153?
- MARGIE 153 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is MARGIE 153?
- MARGIE 153 is a Texas oil lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 08635.
- Is MARGIE 153 still producing?
- MARGIE 153 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARGIE 153 is August 2026.
- How much has MARGIE 153 produced?
- MARGIE 153 has reported 83,295 barrels of oil (bbl) to the Railroad Commission of Texas between February 2012 and August 2026, from 1 wellbore.
- How much is MARGIE 153 worth?
- The remaining production from MARGIE 153 is estimated to be worth about $952K in total as of 27 August 2026, within a range of $743K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARGIE 153 is a fraction of it. The estimate fits an Arps decline curve to the production MARGIE 153 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARGIE 153 is an estimate of value, not an offer and not an appraisal.
- How much income does MARGIE 153 generate in a year?
- MARGIE 153 is forecast to net about $176K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MARGIE 153 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 08635 |
| Wellbores | 1 |
| Reported production | 83,295 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $952K |
Where MARGIE 153 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.