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Texas oil lease

Producing

MAGELLAN 365BP

Magellan 365BP is an oil lease in Reagan County, Texas, operated by OXY USA WTP LP in the Spraberry (Trend Area) field.

1 well

2,667bbl oil, last 12 months−61% vs prior year
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-21508

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
174,438 mcf
Oil in Jul 2026
96 bbl

Production by month

Oil output fell 61% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for MAGELLAN 365BP, Aug 2023 to Jul 2026. Oil output fell 61% over the last 12 months. 2,667 bbl in the 12 months through Jul 2026, against 6,919 bbl in the 12 months before.Last 12 months: 2,667 bblbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 61% over the last 12 monthsMonthly oil production and gas for MAGELLAN 365BP, Aug 2023 to Jul 2026. Oil output fell 61% over the last 12 months. 2,667 bbl in the 12 months through Jul 2026, against 6,919 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005,0001,00010k1,50015k2,00020k2,50025kJan 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 365BP 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 365BP 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% · 160,788 mcf

  • Transmission line (2)

    5.8% · 10,111 mcf

  • Lease fuel (1)

    2.0% · 3,539 mcf

1 well on this lease

Wells on MAGELLAN 365BP
API numberWell no.Status
42-383-409775HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Aug 11, 2021
Energy Transfer CompanyCasinghead gasBuys50Aug 11, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Aug 11, 2021
Energy Transfer CompanyCasinghead gasGathers50Aug 11, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Aug 11, 2021

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

Who buys my oilOil price check

805.75 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 365BP
API numberWell no.Acreson the permit
42-383-409775H805.75

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 365BP
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20269610166200$80.46$2.89
Jun 202615715210,93110,3060$84.81$3.15
May 2026787812,28811,5640$102.13$2.94
Apr 2026797813,49913,4840$100.32$2.77
Mar 202611311620,32920,3290$91.38$3.04
Feb 202614314619,51919,5190$64.51$3.62
Jan 202621521116,82516,8250$60.04$7.72
Dec 202517317218,93718,9370$57.97$4.26
Nov 202512913516,09915,8170$60.06$3.79
Oct 202539139415,98315,8680$60.89$3.19
Sep 202538041214,85414,6430$63.96$2.97
Aug 202571368214,51213,6070$64.86$2.91
Jul 202547647513,43812,2590$68.39$3.20
Jun 202539339515,25614,4132$68.17$3.02
May 202552051315,96915,4460$62.17$3.12
Apr 202529430412,75812,7580$63.54$3.42
Mar 202573773316,51116,5110$68.24$4.12
Feb 202552352314,81514,8150$71.53$4.19
Jan 202559859516,40116,4010$75.74$4.13
Dec 202452252511,33111,3310$70.12$3.01
Nov 202452052017,42316,4870$69.95$2.12
Oct 202487387022,60421,0540$71.99$2.20
Sep 202458759116,16815,1440$70.24$2.28
Aug 202487687213,39012,5340$76.68$1.99
Jul 2024425430000$81.80$2.07
Jun 202487887618,39417,2460$79.77$2.54
May 202467967913,42912,4965$80.02$2.12
Apr 202472072216,91716,1000$85.35$1.60
Mar 202484884315,26614,6790$81.28$1.49
Feb 202477879015,17114,7600$77.25$1.72
Jan 20241,3911,38217,84817,11834$74.15$3.18
Dec 20231,3941,44818,57917,5200$71.90$2.52
Nov 20231,2941,28219,00917,9060$77.69$2.71
Oct 20232,0182,00520,98919,2830$85.64$2.98
Sep 20232,0082,01321,67119,7580$89.43$2.64
Aug 20232,4702,46223,57621,6583$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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