STATE MAGELLAN
STATE MAGELLAN is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 1,247,802 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 $703K, with roughly $258K 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 2,800 thousand cubic feet a month. Its strongest month on the record we hold was July 2017, at 31,087 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 STATE MAGELLAN
- Who operates STATE MAGELLAN?
- STATE MAGELLAN is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE MAGELLAN?
- STATE MAGELLAN is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 283700.
- Is STATE MAGELLAN still producing?
- STATE MAGELLAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE MAGELLAN is August 2026.
- How much has STATE MAGELLAN produced?
- STATE MAGELLAN has reported 1,247,802 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2015 and August 2026, from 1 wellbore.
- How much is STATE MAGELLAN worth?
- The remaining production from STATE MAGELLAN is estimated to be worth about $703K in total as of 26 August 2026, within a range of $583K to $822K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE MAGELLAN is a fraction of it. The estimate fits an Arps decline curve to the production STATE MAGELLAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE MAGELLAN is an estimate of value, not an offer and not an appraisal.
- How much income does STATE MAGELLAN generate in a year?
- STATE MAGELLAN is forecast to net about $258K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE MAGELLAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 283700 |
| Wellbores | 1 |
| Reported production | 1,247,802 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $703K |
Where STATE MAGELLAN 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.