BILLIE MAGNESS
BILLIE MAGNESS is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Ladd Oil & Gas Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 107,585 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 $1.0M, with roughly $429K 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 455 barrels a month, about 227 per wellbore. Its strongest month on the record we hold was May 2016, at 1,954 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 BILLIE MAGNESS
- Who operates BILLIE MAGNESS?
- BILLIE MAGNESS is operated by Ladd Oil & Gas Corporation, Railroad Commission of Texas operator number 480956.
- Where is BILLIE MAGNESS?
- BILLIE MAGNESS is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31836.
- Is BILLIE MAGNESS still producing?
- BILLIE MAGNESS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BILLIE MAGNESS is August 2026.
- How much has BILLIE MAGNESS produced?
- BILLIE MAGNESS has reported 107,585 barrels of oil (bbl) to the Railroad Commission of Texas between January 2015 and August 2026, from 2 wellbores.
- How much is BILLIE MAGNESS worth?
- The remaining production from BILLIE MAGNESS is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $818K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BILLIE MAGNESS is a fraction of it. The estimate fits an Arps decline curve to the production BILLIE MAGNESS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BILLIE MAGNESS is an estimate of value, not an offer and not an appraisal.
- How much income does BILLIE MAGNESS generate in a year?
- BILLIE MAGNESS is forecast to net about $429K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BILLIE MAGNESS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ladd Oil & Gas Corporation |
|---|---|
| Field | Hat Top Mountain (Goen Lime) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 31836 |
| Wellbores | 2 |
| Reported production | 107,585 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where BILLIE MAGNESS 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.