NGR BARRETT
NGR BARRETT is a Texas oil lease in Madison County, Railroad Commission district 03, operated by New Gulf Resources, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2015 to August 2026, totalling 141,201 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 $894K, with roughly $170K 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 123 barrels a month, about 62 per wellbore. Its strongest month on the record we hold was May 2016, at 4,522 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 NGR BARRETT
- Who operates NGR BARRETT?
- NGR BARRETT is operated by New Gulf Resources, LLC, Railroad Commission of Texas operator number 606085.
- Where is NGR BARRETT?
- NGR BARRETT is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27109.
- Is NGR BARRETT still producing?
- NGR BARRETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NGR BARRETT is August 2026.
- How much has NGR BARRETT produced?
- NGR BARRETT has reported 141,201 barrels of oil (bbl) to the Railroad Commission of Texas between August 2015 and August 2026, from 2 wellbores.
- How much is NGR BARRETT worth?
- The remaining production from NGR BARRETT is estimated to be worth about $894K in total as of 27 August 2026, within a range of $697K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NGR BARRETT is a fraction of it. The estimate fits an Arps decline curve to the production NGR BARRETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NGR BARRETT is an estimate of value, not an offer and not an appraisal.
- How much income does NGR BARRETT generate in a year?
- NGR BARRETT is forecast to net about $170K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NGR BARRETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | New Gulf Resources, LLC |
|---|---|
| Field | Fort Trinidad, East (Buda) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 27109 |
| Wellbores | 2 |
| Reported production | 141,201 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $894K |
Where NGR BARRETT 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.