MAGPIE UNIT
MAGPIE UNIT is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 795,033 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 $145K, with roughly $111K 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 1,491 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 69,481 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MAGPIE UNIT
- Who operates MAGPIE UNIT?
- MAGPIE UNIT is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is MAGPIE UNIT?
- MAGPIE UNIT is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 289320.
- Is MAGPIE UNIT still producing?
- MAGPIE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGPIE UNIT is August 2026.
- How much has MAGPIE UNIT produced?
- MAGPIE UNIT has reported 795,033 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is MAGPIE UNIT worth?
- The remaining production from MAGPIE UNIT is estimated to be worth about $145K in total as of 26 August 2026, within a range of $121K to $170K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGPIE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MAGPIE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGPIE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MAGPIE UNIT generate in a year?
- MAGPIE UNIT is forecast to net about $111K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAGPIE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 289320 |
| Wellbores | 1 |
| Reported production | 795,033 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $145K |
Where MAGPIE 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.