BIGHORN PLAINS
BIGHORN PLAINS is a Texas gas lease in Washington County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2022 to August 2026, totalling 1,861,886 thousand cubic feet. 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 $7.9M, with roughly $2.1M 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 16,296 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 99,257 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 BIGHORN PLAINS
- Who operates BIGHORN PLAINS?
- BIGHORN PLAINS is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is BIGHORN PLAINS?
- BIGHORN PLAINS is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 295508.
- Is BIGHORN PLAINS still producing?
- BIGHORN PLAINS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIGHORN PLAINS is August 2026.
- How much has BIGHORN PLAINS produced?
- BIGHORN PLAINS has reported 1,861,886 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2022 and August 2026, from 1 wellbore.
- How much is BIGHORN PLAINS worth?
- The remaining production from BIGHORN PLAINS is estimated to be worth about $7.9M in total as of 27 August 2026, within a range of $6.5M to $9.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIGHORN PLAINS is a fraction of it. The estimate fits an Arps decline curve to the production BIGHORN PLAINS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIGHORN PLAINS is an estimate of value, not an offer and not an appraisal.
- How much income does BIGHORN PLAINS generate in a year?
- BIGHORN PLAINS is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIGHORN PLAINS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 295508 |
| Wellbores | 1 |
| Reported production | 1,861,886 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.9M |
Where BIGHORN PLAINS 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.