MALLARD
MALLARD is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Extech Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2025 to August 2026, totalling 2,436 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 $428K, with roughly $80K 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 129 barrels a month. Its strongest month on the record we hold was March 2025, at 518 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 MALLARD
- Who operates MALLARD?
- MALLARD is operated by Extech Operating, LLC, Railroad Commission of Texas operator number 257019.
- Where is MALLARD?
- MALLARD is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34377.
- Is MALLARD still producing?
- MALLARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MALLARD is August 2026.
- How much has MALLARD produced?
- MALLARD has reported 2,436 barrels of oil (bbl) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is MALLARD worth?
- The remaining production from MALLARD is estimated to be worth about $428K in total as of 27 August 2026, within a range of $334K to $522K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MALLARD is a fraction of it. The estimate fits an Arps decline curve to the production MALLARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MALLARD is an estimate of value, not an offer and not an appraisal.
- How much income does MALLARD generate in a year?
- MALLARD is forecast to net about $80K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MALLARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Extech Operating, LLC |
|---|---|
| Field | Dyemound, S. (Marble Falls) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 34377 |
| Wellbores | 1 |
| Reported production | 2,436 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $428K |
Where MALLARD 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.