MCMASTERS, MYRTLE
MCMASTERS, MYRTLE is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Hallwood Petroleum, Inc. It has 5 wellbores on file with the Commission. Reported production runs from November 1995 to August 2026, totalling 42,212 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 $353K, with roughly $63K 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 62 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was October 2021, at 328 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 MCMASTERS, MYRTLE
- Who operates MCMASTERS, MYRTLE?
- MCMASTERS, MYRTLE is operated by Hallwood Petroleum, Inc., Railroad Commission of Texas operator number 347221.
- Where is MCMASTERS, MYRTLE?
- MCMASTERS, MYRTLE is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 13982.
- Is MCMASTERS, MYRTLE still producing?
- MCMASTERS, MYRTLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCMASTERS, MYRTLE is August 2026.
- How much has MCMASTERS, MYRTLE produced?
- MCMASTERS, MYRTLE has reported 42,212 barrels of oil (bbl) to the Railroad Commission of Texas between November 1995 and August 2026, from 5 wellbores.
- How much is MCMASTERS, MYRTLE worth?
- The remaining production from MCMASTERS, MYRTLE is estimated to be worth about $353K in total as of 27 August 2026, within a range of $194K to $512K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCMASTERS, MYRTLE is a fraction of it. The estimate fits an Arps decline curve to the production MCMASTERS, MYRTLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCMASTERS, MYRTLE is an estimate of value, not an offer and not an appraisal.
- How much income does MCMASTERS, MYRTLE generate in a year?
- MCMASTERS, MYRTLE is forecast to net about $63K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCMASTERS, MYRTLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hallwood Petroleum, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 13982 |
| Wellbores | 5 |
| Reported production | 42,212 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $353K |
Where MCMASTERS, MYRTLE 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.