MUSGROVE
MUSGROVE is a Texas gas lease in Madison County, Railroad Commission district 03, operated by Medallion Production Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,434,428 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 $201K, with roughly $33K 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 1,025 thousand cubic feet a month. Its strongest month on the record we hold was November 2021, at 3,833 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 MUSGROVE
- Who operates MUSGROVE?
- MUSGROVE is operated by Medallion Production Company, Railroad Commission of Texas operator number 558337.
- Where is MUSGROVE?
- MUSGROVE is a Texas gas lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 136621.
- Is MUSGROVE still producing?
- MUSGROVE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MUSGROVE is August 2026.
- How much has MUSGROVE produced?
- MUSGROVE has reported 1,434,428 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MUSGROVE worth?
- The remaining production from MUSGROVE is estimated to be worth about $201K in total as of 27 August 2026, within a range of $167K to $235K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MUSGROVE is a fraction of it. The estimate fits an Arps decline curve to the production MUSGROVE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MUSGROVE is an estimate of value, not an offer and not an appraisal.
- How much income does MUSGROVE generate in a year?
- MUSGROVE is forecast to net about $33K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MUSGROVE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Medallion Production Company |
|---|---|
| Field | Madisonville (Sub-Clark, Gas) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 136621 |
| Wellbores | 1 |
| Reported production | 1,434,428 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $201K |
Where MUSGROVE 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.