MAGNESS, RUBY
MAGNESS, RUBY is a Texas gas lease in Madison County, Railroad Commission district 03, operated by Redwood Energy Production, L.P. It has 1 wellbore on file with the Commission. Reported production runs from October 2001 to August 2026, totalling 20,469,955 thousand cubic feet. The lease is shut in. 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 $7K, with roughly $894 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 18 thousand cubic feet a month. Its strongest month on the record we hold was February 2026, at 215 thousand cubic feet.
Key facts about MAGNESS, RUBY
- Who operates MAGNESS, RUBY?
- MAGNESS, RUBY is operated by Redwood Energy Production, L.P., Railroad Commission of Texas operator number 697134.
- Where is MAGNESS, RUBY?
- MAGNESS, RUBY is a Texas gas lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 185832.
- Is MAGNESS, RUBY still producing?
- MAGNESS, RUBY is shut in. The most recent month of production reported to the Railroad Commission of Texas for MAGNESS, RUBY is August 2026.
- How much has MAGNESS, RUBY produced?
- MAGNESS, RUBY has reported 20,469,955 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2001 and August 2026, from 1 wellbore.
- How much is MAGNESS, RUBY worth?
- The remaining production from MAGNESS, RUBY is estimated to be worth about $7K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGNESS, RUBY is a fraction of it. The estimate fits an Arps decline curve to the production MAGNESS, RUBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGNESS, RUBY is an estimate of value, not an offer and not an appraisal.
- How much income does MAGNESS, RUBY generate in a year?
- MAGNESS, RUBY is forecast to net about $894 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAGNESS, RUBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Redwood Energy Production, L.P. |
|---|---|
| Field | Madisonville (Rodessa) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 185832 |
| Wellbores | 1 |
| Reported production | 20,469,955 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where MAGNESS, RUBY 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.