MADGE UNIT
MADGE UNIT is a Texas oil lease in Scurry County, Railroad Commission district 08, operated by Peregrine Petroleum Prtnr, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from March 2021 to August 2026, totalling 90,410 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 $750K, with roughly $244K 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 410 barrels a month. Its strongest month on the record we hold was November 2021, at 8,596 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 MADGE UNIT
- Who operates MADGE UNIT?
- MADGE UNIT is operated by Peregrine Petroleum Prtnr, Ltd., Railroad Commission of Texas operator number 653271.
- Where is MADGE UNIT?
- MADGE UNIT is a Texas oil lease in Scurry County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55861.
- Is MADGE UNIT still producing?
- MADGE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MADGE UNIT is August 2026.
- How much has MADGE UNIT produced?
- MADGE UNIT has reported 90,410 barrels of oil (bbl) to the Railroad Commission of Texas between March 2021 and August 2026, from 1 wellbore.
- How much is MADGE UNIT worth?
- The remaining production from MADGE UNIT is estimated to be worth about $750K in total as of 26 August 2026, within a range of $585K to $916K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MADGE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MADGE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MADGE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MADGE UNIT generate in a year?
- MADGE UNIT is forecast to net about $244K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MADGE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Peregrine Petroleum Prtnr, Ltd. |
|---|---|
| Field | Garden City, S. (Wolfcamp) |
| County | Scurry County, Texas |
| RRC district | 08 |
| Lease number | 55861 |
| Wellbores | 1 |
| Reported production | 90,410 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $750K |
Where MADGE UNIT 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.