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Texas oil lease

Producing

MARGARET UNIT 1

Margaret Unit 1 is an oil lease in Karnes County, Texas, operated by Silver Hill Energy Operating LLC in the Eagleville (Eagle Ford-2) field.

2 wells

1,920bbl oil, last 12 months−20% vs prior year
RRC lease
02-09663

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Oil in Jul 2026
36 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Operator

    Operator changed: Silver Hill Energy Operating LLC took over from 1776 Energy Operators, LLC in Nov 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since Mar 31, 2026 (last P-5 filed Jun 10, 2025).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for MARGARET UNIT 1, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 1,920 bbl in the 12 months through Jul 2026, against 2,399 bbl in the 12 months before.Last 12 months: 1,920 bblbbl per monthmcf per month002002540050600758001001,000125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for MARGARET UNIT 1, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 1,920 bbl in the 12 months through Jul 2026, against 2,399 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002540050600758001001,000125Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to flaring in the only month reported

Flaring peaked at 100.0% of the gas in Nov 2024.

All of the gas went to flaring in the only month reportedShare of MARGARET UNIT 1 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the only month reported. Flaring peaked at 100.0% of the gas in Nov 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to flaring in the only month reportedShare of MARGARET UNIT 1 gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to flaring in the only month reported. Flaring peaked at 100.0% of the gas in Nov 2024.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

100.0% of the gas flared in the only month reported. One month above 3%.

Who has run this lease

The operator changed once, most recently in Nov 2025

Operators of this lease over time1776 Energy Operators, LLC, Jan 2020 to Oct 2025; Silver Hill Energy Operating LLC, Nov 2025 to Jul 20262020202120222023202420252026Changed Nov 20251776 Energy Operators, LLCJan 2020 to Oct 2025Silver Hill Energy Operating…Nov 2025 to now
Operators of this lease over time1776 Energy Operators, LLC, Jan 2020 to Oct 2025; Silver Hill Energy Operating LLC, Nov 2025 to Jul 20262020202120222023202420252026Changed Nov 20251776 Energy Operators, LLCJan 2020 to Oct 2025Silver Hill Energy Operating LLCNov 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on MARGARET UNIT 1
API numberWell no.Status
42-255-318481HActive
42-255-319772HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers100May 1, 2024–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017May 1, 2024
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017May 1, 2024
Phillips 66 CompanyOilGathers100Apr 7, 2016May 1, 2024

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

259.58 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 259.58 and 314.54 acres. Use the acres from your own division order for the well you are paid on.

  • 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 Margaret Unit 1
API numberWell no.Acreson the permit
42-255-319772H259.58
42-255-318481H314.54

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

Estimate your royalty

36 months, newest first

Ledger for MARGARET UNIT 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Silver Hill3623000$80.46$2.89
Jun 2026Silver Hill10000$84.81$3.15
May 2026Silver Hill197273000$102.13$2.94
Apr 2026Silver Hill16182000$100.32$2.77
Mar 2026Silver Hill192172000$91.38$3.04
Feb 2026Silver Hill157174000$64.51$3.62
Jan 2026Silver Hill217243000$60.04$7.72
Dec 2025Silver Hill208179000$57.97$4.26
Nov 2025Silver Hill262279000$60.06$3.79
Oct 20251776 Energy145262000$60.89$3.19
Sep 20251776 Energy137177000$63.96$2.97
Aug 20251776 Energy207270000$64.86$2.91
Jul 20251776 Energy181351000$68.39$3.20
Jun 20251776 Energy296260000$68.17$3.02
May 20251776 Energy145226000$62.17$3.12
Apr 20251776 Energy177229000$63.54$3.42
Mar 20251776 Energy135230000$68.24$4.12
Feb 20251776 Energy149158000$71.53$4.19
Jan 20251776 Energy166236000$75.74$4.13
Dec 20241776 Energy179156000$70.12$3.01
Nov 20241776 Energy2032471080108$69.95$2.12
Oct 20241776 Energy266235000$71.99$2.20
Sep 20241776 Energy242324000$70.24$2.28
Aug 20241776 Energy260158000$76.68$1.99
Jul 20241776 Energy237319000$81.80$2.07
Jun 20241776 Energy34160000$79.77$2.54
May 20241776 Energy346397000$80.02$2.12
Apr 20241776 Energy333191000$85.35$1.60
Mar 20241776 Energy619726000$81.28$1.49
Feb 20241776 Energy621733000$77.25$1.72
Jan 20241776 Energy601537000$74.15$3.18
Dec 20231776 Energy536530000$71.90$2.52
Nov 20231776 Energy520730000$77.69$2.71
Oct 20231776 Energy608547000$85.64$2.98
Sep 20231776 Energy482540000$89.43$2.64
Aug 20231776 Energy620519000$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

Silver Hill Energy Operating LLC in Karnes County

All Silver Hill Energy Operating LLC leases →

Eagleville (Eagle Ford-2) field

All leases in this field →

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Drilling permits within 10 km