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Texas oil lease

Producing

MAGELLAN 355AP

Magellan 355AP is an oil lease in Reagan County, Texas, operated by OXY USA WTP LP in the Spraberry (Trend Area) field.

1 well

6,857bbl oil, last 12 months−66% vs prior year
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-21531

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
122,139 mcf
Oil in Jul 2026
428 bbl

Production by month

Oil output fell 66% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 66% over the last 12 monthsMonthly oil production and gas for MAGELLAN 355AP, Aug 2023 to Jul 2026. Oil output fell 66% over the last 12 months. 6,857 bbl in the 12 months through Jul 2026, against 20,088 bbl in the 12 months before.Last 12 months: 6,857 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 66% over the last 12 monthsMonthly oil production and gas for MAGELLAN 355AP, Aug 2023 to Jul 2026. Oil output fell 66% over the last 12 months. 6,857 bbl in the 12 months through Jul 2026, against 20,088 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 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 355AP 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 355AP 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% · 112,712 mcf

  • Transmission line (2)

    5.7% · 6,931 mcf

  • Lease fuel (1)

    2.0% · 2,496 mcf

1 well on this lease

Wells on MAGELLAN 355AP
API numberWell no.Status
42-383-409765HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Aug 18, 2021
Energy Transfer CompanyCasinghead gasBuys50Aug 18, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Aug 18, 2021
Energy Transfer CompanyCasinghead gasGathers50Aug 18, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Aug 18, 2021

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

Who buys my oilOil price check

805.75 acres on the newest permit

An allocation well is on this lease

Permits for Magellan 355AP
API numberWell no.Acreson the permit
42-383-409765H805.75

SourceRailroad Commission drilling permits, Sep 26, 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 355AP
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202642845436600$80.46$2.89
Jun 20267427236,5616,1860$84.81$3.15
May 202648849510,4149,8000$102.13$2.94
Apr 202658656215,03415,0170$100.32$2.77
Mar 202624625513,40613,4060$91.38$3.04
Feb 202640039910,92610,9260$64.51$3.62
Jan 20263443408,8608,8600$60.04$7.72
Dec 20253613629,3249,3240$57.97$4.26
Nov 202536036113,90313,6600$60.06$3.79
Oct 202553255612,85412,7610$60.89$3.19
Sep 20251,0751,12010,16510,0210$63.96$2.97
Aug 20251,2951,25810,3269,6820$64.86$2.91
Jul 20251,5271,53611,05510,0850$68.39$3.20
Jun 20251,6581,64711,10610,4922$68.17$3.02
May 20251,5421,53010,69710,3460$62.17$3.12
Apr 20251,2011,2139,7059,7050$63.54$3.42
Mar 20251,7431,7458,7128,7120$68.24$4.12
Feb 20251,6831,6877,4377,4370$71.53$4.19
Jan 20252,0672,0429,6099,6090$75.74$4.13
Dec 20241,1741,1886,2686,2680$70.12$3.01
Nov 20241,4141,40210,2299,6790$69.95$2.12
Oct 20241,6601,67511,50010,7110$71.99$2.20
Sep 20242,1242,12411,37210,6520$70.24$2.28
Aug 20242,2952,2999,5608,9490$76.68$1.99
Jul 20241,7991,792000$81.80$2.07
Jun 20242,0852,08212,29711,5300$79.77$2.54
May 20241,7311,73010,3519,6324$80.02$2.12
Apr 20241,7761,77811,72411,1580$85.35$1.60
Mar 20241,9381,9339,3859,0240$81.28$1.49
Feb 20242,1912,20510,33210,0520$77.25$1.72
Jan 20242,7422,72411,31910,85721$74.15$3.18
Dec 20232,6302,72612,23011,5330$71.90$2.52
Nov 20232,3322,32111,68311,0050$77.69$2.71
Oct 20234,0264,00013,23512,1590$85.64$2.98
Sep 20234,0464,05513,68512,4770$89.43$2.64
Aug 20234,8454,81515,73714,4572$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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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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