MARGO
MARGO is a Texas oil lease in Starr County, Railroad Commission district 04, operated by Newgulf Petroleum, LLC. It has 7 wellbores on file with the Commission. Reported production runs from August 2002 to August 2026, totalling 350,964 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 $4.9M, with roughly $1.2M 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 1,592 barrels a month, about 227 per wellbore. Its strongest month on the record we hold was August 2021, at 2,873 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MARGO
- Who operates MARGO?
- MARGO is operated by Newgulf Petroleum, LLC, Railroad Commission of Texas operator number 606618.
- Where is MARGO?
- MARGO is a Texas oil lease in Starr County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 13094.
- Is MARGO still producing?
- MARGO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARGO is August 2026.
- How much has MARGO produced?
- MARGO has reported 350,964 barrels of oil (bbl) to the Railroad Commission of Texas between August 2002 and August 2026, from 7 wellbores.
- How much is MARGO worth?
- The remaining production from MARGO is estimated to be worth about $4.9M in total as of 26 August 2026, within a range of $4.1M to $5.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARGO is a fraction of it. The estimate fits an Arps decline curve to the production MARGO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARGO is an estimate of value, not an offer and not an appraisal.
- How much income does MARGO generate in a year?
- MARGO is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARGO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Newgulf Petroleum, LLC |
|---|---|
| Field | Arroyo Grande (Queen City) |
| County | Starr County, Texas |
| RRC district | 04 |
| Lease number | 13094 |
| Wellbores | 7 |
| Reported production | 350,964 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.9M |
Where MARGO 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.