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Texas oil lease

Producing

CHEVELLE UNIT

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

6 wells

38,052bbl oil, last 12 months−14% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Sugarkane (Austin Chalk)
RRC lease
02-11508

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
266,124 mcf
Oil in Jul 2026
2,628 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for CHEVELLE UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 38,052 bbl in the 12 months through Jul 2026, against 44,345 bbl in the 12 months before.Last 12 months: 38,052 bblbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for CHEVELLE UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 38,052 bbl in the 12 months through Jul 2026, against 44,345 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,00010k2,00020k3,00030k4,00040k5,00050kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

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

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    71% · 189,168 mcf

  • Lease fuel (1)

    29% · 76,618 mcf

  • Flared (4)

    0.1% · 338 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

6 wells on this lease

Wells on CHEVELLE UNIT
API numberWell no.Status
42-255-35655101HShut-in
42-255-35658102HShut-in
42-255-36222103HShut-in
42-255-36223104HShut-in
42-255-36224105HShut-in
42-255-36225106HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers40Jan 7, 2025–
Flint Hills Resources, LPOilGathers30Jan 7, 2025–
Phillips 66 CompanyOilGathers30Jan 7, 2025–
Energy Transfer CompanyCasinghead gasBuys100Feb 27, 2018–
Startex Field Services, LLCCasinghead gasGathers100Apr 1, 2020–
Ironwood Midst Energy Ptnrs LLCOilGathers33.33Apr 1, 2020Jan 7, 2025
Phillips 66 CompanyOilGathers33.33Apr 1, 2020Jan 7, 2025
Shell Trading (Us) CompanyOilGathers33.34Apr 1, 2020Jan 7, 2025
Energy Transfer CompanyCasinghead gasGathers100Aug 1, 2018Apr 1, 2020
Bp Products North America Inc.OilGathers20Feb 27, 2018Apr 1, 2020
Enterprise Crude Oil LLCOilGathers10Aug 1, 2018Apr 1, 2020

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

Who buys my oilOil price check

372.32 acres on the newest permit

Permits for Chevelle Unit
API numberWell no.Acreson the permit
42-255-36222103H372.32
42-255-36223104H372.32
42-255-36224105H372.32
42-255-36225106H372.32
42-255-35655101H372.32
42-255-35658102H372.32

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 CHEVELLE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,6282,59819,13112,2430$80.46$2.89
Jun 20263,0362,96516,6036,9690$84.81$3.15
May 20262,5082,72822,24215,096271$102.13$2.94
Apr 20263,2003,06919,47713,8191$100.32$2.77
Mar 20263,3743,42722,52916,4380$91.38$3.04
Feb 20263,2743,39520,94815,08152$64.51$3.62
Jan 20263,1993,14625,41718,9500$60.04$7.72
Dec 20253,4533,53224,45317,8820$57.97$4.26
Nov 20253,2293,23421,96816,9010$60.06$3.79
Oct 20253,3492,98123,73817,9870$60.89$3.19
Sep 20253,2233,50823,21317,40614$63.96$2.97
Aug 20253,5793,55226,40520,3960$64.86$2.91
Jul 20253,7833,73223,50217,9590$68.39$3.20
Jun 20253,3073,39418,76013,9960$68.17$3.02
May 20253,5833,56317,72313,02510$62.17$3.12
Apr 20253,7763,78215,75511,5190$63.54$3.42
Mar 20253,5403,80121,46716,0570$68.24$4.12
Feb 20253,9483,66129,28023,4090$71.53$4.19
Jan 20253,8243,90021,41812,44635$75.74$4.13
Dec 20243,6643,80024,92015,8060$70.12$3.01
Nov 20243,7573,73124,76818,0470$69.95$2.12
Oct 20243,9903,82927,97721,1710$71.99$2.20
Sep 20243,6853,78225,66018,0635$70.24$2.28
Aug 20243,4883,40921,64914,9340$76.68$1.99
Jul 20244,3334,29331,20323,0250$81.80$2.07
Jun 20243,3493,73725,41518,4340$79.77$2.54
May 20243,6723,74332,80925,6010$80.02$2.12
Apr 20244,2594,26333,40526,7830$85.35$1.60
Mar 20243,9693,93224,50618,26026$81.28$1.49
Feb 20244,5134,41728,27720,5300$77.25$1.72
Jan 20244,4794,48132,40323,692683$74.15$3.18
Dec 20234,2014,24828,34521,4720$71.90$2.52
Nov 20234,4904,59829,59222,6430$77.69$2.71
Oct 20234,6144,77526,81418,5880$85.64$2.98
Sep 20234,6904,63430,06321,3280$89.43$2.64
Aug 20234,9014,70134,63526,21426$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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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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