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Texas oil lease

Producing

CANDLEBOX UNIT

Candlebox Unit is an oil lease in Karnes County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Sugarkane (Austin Chalk) field.

1 well

7,153bbl oil, last 12 months−21% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Sugarkane (Austin Chalk)
RRC lease
02-11134

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
33,760 mcf
Oil in Jul 2026
756 bbl

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for CANDLEBOX UNIT, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 7,153 bbl in the 12 months through Jul 2026, against 9,051 bbl in the 12 months before.Last 12 months: 7,153 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for CANDLEBOX UNIT, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 7,153 bbl in the 12 months through Jul 2026, against 9,051 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2026 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 6.4% of the gas in Jan 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since May 2026 the lease's gas goes to a transmission line instead of lease fuelShare of CANDLEBOX UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 6.4% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%May 2026: fuel to lineFlared 6.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2026 the lease's gas goes to a transmission line instead of lease fuelShare of CANDLEBOX UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 6.4% of the gas in Jan 2025.Share of gas by disposition code0%50%100%May 26: fuel to lineFlared 6.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    51% · 17,086 mcf

  • Transmission line (2)

    49% · 16,631 mcf

  • Flared (4)

    0.1% · 43 mcf

0.1% of the gas flared in the last 12 months. 7 months above 3%.

1 well on this lease

Wells on CANDLEBOX UNIT
API numberWell no.Status
42-255-34676102HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers40Sep 1, 2025–
Harvest Marketing & Trading, LLCOilGathers30Sep 1, 2025–
Shell Trading (Us) CompanyOilGathers30Sep 1, 2025–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Sep 1, 2025
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Sep 1, 2025
Bp Products North America Inc.OilGathers25Aug 25, 2017Sep 1, 2025
Enterprise Crude Oil LLCOilGathers25Aug 25, 2017Sep 1, 2025
Pilot Travel Centers LLCOilGathers25Aug 25, 2017Sep 1, 2025
Shell Trading (Us) CompanyOilGathers25Aug 25, 2017Sep 1, 2025

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

800.67 acres on the newest permit

Permits for Candlebox Unit
API numberWell no.Acreson the permit
42-255-34676102H800.67

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY).
Realized prices reported by Magnolia Oil & Gas Corporation
QuarterOil$ per bblFiling
Q2 2026$98.13SEC filing
Q1 2026$70.29SEC filing
Q3 2025$63.55SEC filing
Q2 2025$62.20SEC filing
Q1 2025$69.81SEC filing
Q3 2024$74.23SEC filing

SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for CANDLEBOX UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20267567283,9442,4712$80.46$2.89
Jun 20266015373,6142,2541$84.81$3.15
May 20266537274,5713,2950$102.13$2.94
Apr 20265033682,9345531$100.32$2.77
Mar 20266087413,2591,1100$91.38$3.04
Feb 20261404,6123,12016$64.51$3.62
Jan 20264863861,73332211$60.04$7.72
Dec 20255915793,8232,4967$57.97$4.26
Nov 20257317541,2811203$60.06$3.79
Oct 20256657161,8957490$60.89$3.19
Sep 20257017857851411$63.96$2.97
Aug 20258447491,30901$64.86$2.91
Jul 2025588563000$68.39$3.20
Jun 20257327481,2945243$68.17$3.02
May 20258097611,95175240$62.17$3.12
Apr 20256827601,1692505$63.54$3.42
Mar 2025589578000$68.24$4.12
Feb 20257067611,12000$71.53$4.19
Jan 20257675761,213078$75.74$4.13
Dec 20248479562,09756495$70.12$3.01
Nov 20248869841,70400$69.95$2.12
Oct 20249029451,794026$71.99$2.20
Sep 20246955671,603098$70.24$2.28
Aug 20248489401,992236122$76.68$1.99
Jul 202490694669803$81.80$2.07
Jun 20248197411,32327522$79.77$2.54
May 20248179451,21214214$80.02$2.12
Apr 20247827021,36541915$85.35$1.60
Mar 20249069611,054028$81.28$1.49
Feb 20247777571,84878925$77.25$1.72
Jan 20247247343,0772,3044$74.15$3.18
Dec 20238857611,309073$71.90$2.52
Nov 20238969511,082019$77.69$2.71
Oct 20239531,1281,79873911$85.64$2.98
Sep 20239779341,0172934$89.43$2.64
Aug 20239917571,07406$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldSugarkane (Austin Chalk)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

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Sugarkane (Austin Chalk) field

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