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Texas oil lease

Producing

MARGO

Margo is an oil lease in Starr County, Texas, operated by Starr Operating, LLC in the Arroyo Grande (Queen City) field.

7 wells

18,619bbl oil, last 12 months−13% vs prior year
Operator
Starr Operating, LLC
County
Starr County
Field
Arroyo Grande (Queen City)
RRC lease
04-13094

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Where it sits

This county

Starr CountyStarrBrooksJim HoggZapataHidalgoStarr County
Starr County
Gas, last 12 months
43,652 mcf
Oil in Jul 2026
1,521 bbl

Production by month

Oil output fell 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for MARGO, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 18,619 bbl in the 12 months through Jul 2026, against 21,389 bbl in the 12 months before.Last 12 months: 18,619 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for MARGO, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 18,619 bbl in the 12 months through Jul 2026, against 21,389 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of MARGO gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of MARGO gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

7 wells on this lease

Wells on MARGO
API numberWell no.Status
42-427-332481Active
42-427-333022Active
42-427-335455Active
42-427-337987Active
42-427-340099Shut-in
42-427-3410511Active
42-427-3452612Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Oct 1, 2017
Kinder Morgan Tejas Pipeline LLCCasinghead gasBuys100Aug 1, 2011
Kinder Morgan Tejas Pipeline LLCCasinghead gasGathers100Aug 1, 2011

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

Who buys my oilOil price check

364.71 acres on the newest permit

The wells on this lease state different acreage

The permits state between 286 and 364.71 acres.

7 wells are listed on this lease

Permits for Margo
API numberWell no.Acreson the permit
42-427-340099364.71
42-427-3452612286
42-427-3410511286
42-427-337987286
42-427-335455286
42-427-333022286
42-427-332481286

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

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36 months, newest first

Ledger for MARGO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,5211,4563,5843,5840$80.46$2.89
Jun 20261,4611,4523,5453,5450$84.81$3.15
May 20261,5521,4303,7153,7150$102.13$2.94
Apr 20261,5381,8313,6223,6220$100.32$2.77
Mar 20261,6191,2773,7973,7970$91.38$3.04
Feb 20261,5981,8003,4423,4420$64.51$3.62
Jan 20261,7071,4483,8263,8260$60.04$7.72
Dec 20251,3121,8213,4793,4790$57.97$4.26
Nov 20251,4171,2933,4833,4830$60.06$3.79
Oct 20251,6751,4883,6003,6000$60.89$3.19
Sep 20251,5261,4873,3033,3030$63.96$2.97
Aug 20251,6931,6594,2564,2560$64.86$2.91
Jul 20251,7952,0134,4114,4110$68.39$3.20
Jun 20251,4741,1174,3674,3670$68.17$3.02
May 20251,7511,8693,6073,6070$62.17$3.12
Apr 20251,5881,8633,9053,9050$63.54$3.42
Mar 20251,8131,8474,7014,7010$68.24$4.12
Feb 20251,6701,3084,2874,2870$71.53$4.19
Jan 20251,8972,0554,7074,7070$75.74$4.13
Dec 20241,9241,8734,7074,7070$70.12$3.01
Nov 20241,7252,0454,3634,3630$69.95$2.12
Oct 20241,9211,8904,6554,6550$71.99$2.20
Sep 20241,9301,6604,5044,5040$70.24$2.28
Aug 20241,9012,0534,6484,6480$76.68$1.99
Jul 20242,0942,0543,8453,8450$81.80$2.07
Jun 20241,9162,0173,9523,9520$79.77$2.54
May 20242,0201,6334,0844,0840$80.02$2.12
Apr 20242,0322,2133,9523,9520$85.35$1.60
Mar 20241,9872,3444,0844,0840$81.28$1.49
Feb 20241,8721,4183,9693,9690$77.25$1.72
Jan 20241,9962,1983,7303,7300$74.15$3.18
Dec 20232,0772,4204,0844,0840$71.90$2.52
Nov 20232,0181,6394,0594,0590$77.69$2.71
Oct 20232,0671,9684,1944,1940$85.64$2.98
Sep 20232,1342,3404,0594,0590$89.43$2.64
Aug 20231,7891,4374,0064,0060$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

OperatorStarr Operating, LLCFieldArroyo Grande (Queen City)CountyStarr County

Starr Operating, LLC in Starr County

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Arroyo Grande (Queen City) field

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