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Texas oil lease

Producing

MAGELLAN 1062BP

Magellan 1062BP is an oil lease in Reagan County, Texas, operated by OXY USA WTP LP in the Spraberry (Trend Area) field.

1 well

5,916bbl oil, last 12 months−28% vs prior year
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-21478

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
260,027 mcf
Oil in Jul 2026
428 bbl

Production by month

Oil output fell 28% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for MAGELLAN 1062BP, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 5,916 bbl in the 12 months through Jul 2026, against 8,191 bbl in the 12 months before.Last 12 months: 5,916 bblbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for MAGELLAN 1062BP, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 5,916 bbl in the 12 months through Jul 2026, against 8,191 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025010k50020k75030k1,00040k1,25050kJan 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 lease fuel instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of MAGELLAN 1062BP gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: plant to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of MAGELLAN 1062BP gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of gas by disposition code0%50%100%Jul 26: plant to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    92% · 239,274 mcf

  • Transmission line (2)

    5.4% · 14,034 mcf

  • Lease fuel (1)

    2.6% · 6,719 mcf

1 well on this lease

Wells on MAGELLAN 1062BP
API numberWell no.Status
42-383-409722HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Aug 4, 2021
Energy Transfer CompanyCasinghead gasBuys50Aug 4, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Aug 4, 2021
Energy Transfer CompanyCasinghead gasGathers50Aug 4, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Aug 4, 2021

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

Who buys my oilOil price check

645.02 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Magellan 1062BP
API numberWell no.Acreson the permit
42-383-409722H645.02

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Occidental Petroleum Corporation told investors it received

OXY USA WTP LP is linked to Occidental Petroleum Corporation (OXY).
Realized prices reported by Occidental Petroleum Corporation
QuarterOil$ per bblFiling
Q2 2026$96.78SEC filing
Q1 2026$69.91SEC filing
Q4 2025$58.99SEC filing
Q3 2025$64.78SEC filing
Q2 2025$63.76SEC filing
Q1 2025$71.07SEC filing

SourceOccidental Petroleum Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MAGELLAN 1062BP
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264284421,26800$80.46$2.89
Jun 202652952627,69526,1120$84.81$3.15
May 202656757527,49425,8740$102.13$2.94
Apr 202669266925,29125,2620$100.32$2.77
Mar 202643243821,45921,4590$91.38$3.04
Feb 202647447523,04823,0480$64.51$3.62
Jan 202646946418,16518,1650$60.04$7.72
Dec 202550851225,74725,7470$57.97$4.26
Nov 202555554921,87421,4910$60.06$3.79
Oct 202551150923,34323,1750$60.89$3.19
Sep 202531132823,17322,8440$63.96$2.97
Aug 202544043021,47020,1310$64.86$2.91
Jul 202560861022,81620,8140$68.39$3.20
Jun 202562161721,25720,0823$68.17$3.02
May 202555755621,61720,9080$62.17$3.12
Apr 202558058519,96019,9600$63.54$3.42
Mar 202581581116,35216,3520$68.24$4.12
Feb 202560660615,48915,4890$71.53$4.19
Jan 202567967820,15920,1590$75.74$4.13
Dec 202472572720,17320,1730$70.12$3.01
Nov 202463462922,80521,5800$69.95$2.12
Oct 202475675822,52920,9840$71.99$2.20
Sep 202470871023,77022,2640$70.24$2.28
Aug 202490290724,77623,1920$76.68$1.99
Jul 2024836830000$81.80$2.07
Jun 202480280523,53222,0640$79.77$2.54
May 202489689622,98421,3888$80.02$2.12
Apr 202493593524,62123,4320$85.35$1.60
Mar 202494594122,14621,2940$81.28$1.49
Feb 202497798021,28120,7040$77.25$1.72
Jan 20241,0241,01820,61819,77539$74.15$3.18
Dec 20231,0841,12722,97021,6610$71.90$2.52
Nov 20231,02399220,42419,2390$77.69$2.71
Oct 202383582714,66813,4760$85.64$2.98
Sep 202372773119,34917,6410$89.43$2.64
Aug 202399899420,59618,9212$81.39$2.58

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

OperatorOXY USA WTP LPFieldSpraberry (Trend Area)CountyReagan County

OXY USA WTP LP in Reagan County

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Spraberry (Trend Area) field

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