RIDGE OAK
RIDGE OAK 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 April 2023 to August 2026, totalling 4,841,396 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 $12.5M, with roughly $3.7M 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 64,308 thousand cubic feet a month. Its strongest month on the record we hold was July 2023, at 229,738 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 RIDGE OAK
- Who operates RIDGE OAK?
- RIDGE OAK is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is RIDGE OAK?
- RIDGE OAK is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 296895.
- Is RIDGE OAK still producing?
- RIDGE OAK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIDGE OAK is August 2026.
- How much has RIDGE OAK produced?
- RIDGE OAK has reported 4,841,396 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2023 and August 2026, from 1 wellbore.
- How much is RIDGE OAK worth?
- The remaining production from RIDGE OAK is estimated to be worth about $12.5M in total as of 27 August 2026, within a range of $10.3M to $14.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIDGE OAK is a fraction of it. The estimate fits an Arps decline curve to the production RIDGE OAK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIDGE OAK is an estimate of value, not an offer and not an appraisal.
- How much income does RIDGE OAK generate in a year?
- RIDGE OAK is forecast to net about $3.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RIDGE OAK 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 | 296895 |
| Wellbores | 1 |
| Reported production | 4,841,396 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.5M |
Where RIDGE OAK 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.