MACKEY "29"
MACKEY "29" is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Terrace Petroleum Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 2000 to August 2026, totalling 373,561 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 $475K, with roughly $72K 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 55 barrels a month, about 28 per wellbore. Its strongest month on the record we hold was October 2019, at 300 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 MACKEY "29"
- Who operates MACKEY "29"?
- MACKEY "29" is operated by Terrace Petroleum Corporation, Railroad Commission of Texas operator number 843265.
- Where is MACKEY "29"?
- MACKEY "29" is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36450.
- Is MACKEY "29" still producing?
- MACKEY "29" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MACKEY "29" is August 2026.
- How much has MACKEY "29" produced?
- MACKEY "29" has reported 373,561 barrels of oil (bbl) to the Railroad Commission of Texas between January 2000 and August 2026, from 2 wellbores.
- How much is MACKEY "29" worth?
- The remaining production from MACKEY "29" is estimated to be worth about $475K in total as of 26 August 2026, within a range of $261K to $689K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MACKEY "29" is a fraction of it. The estimate fits an Arps decline curve to the production MACKEY "29" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MACKEY "29" is an estimate of value, not an offer and not an appraisal.
- How much income does MACKEY "29" generate in a year?
- MACKEY "29" is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MACKEY "29" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Terrace Petroleum Corporation |
|---|---|
| Field | Bryant -G- (Devonian) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 36450 |
| Wellbores | 2 |
| Reported production | 373,561 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $475K |
Where MACKEY "29" 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.