FGU-MAGNOLIA
FGU-MAGNOLIA is a Texas oil lease in Victoria County, Railroad Commission district 02, operated by Allegiant Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2022 to August 2026, totalling 79,696 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 $650K, with roughly $212K 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 430 barrels a month. Its strongest month on the record we hold was November 2022, at 13,830 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 FGU-MAGNOLIA
- Who operates FGU-MAGNOLIA?
- FGU-MAGNOLIA is operated by Allegiant Resources, LLC, Railroad Commission of Texas operator number 013365.
- Where is FGU-MAGNOLIA?
- FGU-MAGNOLIA is a Texas oil lease in Victoria County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 12486.
- Is FGU-MAGNOLIA still producing?
- FGU-MAGNOLIA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FGU-MAGNOLIA is August 2026.
- How much has FGU-MAGNOLIA produced?
- FGU-MAGNOLIA has reported 79,696 barrels of oil (bbl) to the Railroad Commission of Texas between November 2022 and August 2026, from 1 wellbore.
- How much is FGU-MAGNOLIA worth?
- The remaining production from FGU-MAGNOLIA is estimated to be worth about $650K in total as of 27 August 2026, within a range of $507K to $793K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FGU-MAGNOLIA is a fraction of it. The estimate fits an Arps decline curve to the production FGU-MAGNOLIA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FGU-MAGNOLIA is an estimate of value, not an offer and not an appraisal.
- How much income does FGU-MAGNOLIA generate in a year?
- FGU-MAGNOLIA is forecast to net about $212K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FGU-MAGNOLIA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Allegiant Resources, LLC |
|---|---|
| Field | Bloomington (4600) |
| County | Victoria County, Texas |
| RRC district | 02 |
| Lease number | 12486 |
| Wellbores | 1 |
| Reported production | 79,696 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $650K |
Where FGU-MAGNOLIA 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.