BURNS
BURNS is a Texas oil lease in Martin County, Railroad Commission district 8A, operated by Maguire Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,723 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 $321K, with roughly $60K 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 57 barrels a month, about 28 per wellbore. Its strongest month on the record we hold was April 2026, at 223 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 BURNS
- Who operates BURNS?
- BURNS is operated by Maguire Oil Company, Railroad Commission of Texas operator number 521980.
- Where is BURNS?
- BURNS is a Texas oil lease in Martin County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 60111.
- Is BURNS still producing?
- BURNS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURNS is August 2026.
- How much has BURNS produced?
- BURNS has reported 26,723 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is BURNS worth?
- The remaining production from BURNS is estimated to be worth about $321K in total as of 26 August 2026, within a range of $176K to $465K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURNS is a fraction of it. The estimate fits an Arps decline curve to the production BURNS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURNS is an estimate of value, not an offer and not an appraisal.
- How much income does BURNS generate in a year?
- BURNS is forecast to net about $60K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURNS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maguire Oil Company |
|---|---|
| Field | Ackerly (Dean Sand) |
| County | Martin County, Texas |
| RRC district | 8A |
| Lease number | 60111 |
| Wellbores | 2 |
| Reported production | 26,723 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $321K |
Where BURNS 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.