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Texas oil lease

Producing

MORGAN UNIT

Morgan Unit is an oil lease in Karnes County, Texas, operated by Marathon Oil Ef LLC in the Sugarkane (Eagle Ford) field.

9 wells

16,704bbl oil, last 12 months−2% vs prior year
Operator
Marathon Oil Ef LLC
County
Karnes County
Field
Sugarkane (Eagle Ford)
RRC lease
02-10907

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
60,628 mcf
Oil in Jul 2026
2,460 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for MORGAN UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 16,704 bbl in the 12 months through Jul 2026, against 17,012 bbl in the 12 months before.Last 12 months: 16,704 bblbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for MORGAN UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 16,704 bbl in the 12 months through Jul 2026, against 17,012 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,5001,0005,0001,5007,5002,00010k2,50012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel

Flaring peaked at 4.0% of the gas in Feb 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of MORGAN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 4.0% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: fuel to plantFlared 4.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuelShare of MORGAN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 4.0% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Mar 24: fuel to plantFlared 4.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    86% · 52,259 mcf

  • Lease fuel (1)

    13% · 7,925 mcf

  • Flared (4)

    0.7% · 444 mcf

0.7% of the gas flared in the last 12 months. One month above 3%.

9 wells on this lease

Wells on MORGAN UNIT
API numberWell no.Status
42-255-335694HActive
42-255-335715HActive
42-255-335966HActive
42-255-343207HActive
42-255-343218HActive
42-255-345259HActive
42-255-35021501HActive
42-255-3502210HActive
42-255-3510011HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Enterprise Crude Oil LLCOilGathers25Jul 1, 2022–
Plains Pipeline L.p.OilGathers25Jul 1, 2022–
Reynolds Energy Transport LLCOilGathers25Jul 1, 2022–
Trafigura Trading LLCOilGathers25Jul 1, 2022–
Marathon Oil Ef LLCCasinghead gasBuys100Jul 31, 2014–
Marathon Oil Ef LLCCasinghead gasGathers100Jul 31, 2014–
Enterprise Crude Oil LLCOilGathers1Sep 7, 2018Jul 1, 2022
Gulfmark Energy, Inc.OilGathers1Sep 7, 2018Jul 1, 2022
Plains Pipeline L.p.OilGathers97Sep 7, 2018Jul 1, 2022
Trafigura Trading LLCOilGathers1Sep 7, 2018Jul 1, 2022

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

Who buys my oilOil price check

704 acres on the newest permit

9 wells are listed on this lease

Permits for Morgan Unit
API numberWell no.Acreson the permit
42-255-3510011H704
42-255-35021501H704
42-255-3502210H704
42-255-345259H704
42-255-343218H704
42-255-343207H704
42-255-335966H704
42-255-335715H704
42-255-335694H704

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

Unit decimal checker

What ConocoPhillips told investors it received

Marathon Oil Ef LLC is linked to ConocoPhillips (MRO).
Realized prices reported by ConocoPhillips
QuarterOil$ per bblFiling
Q2 2026$99.40SEC filing
Q1 2026$73.47SEC filing
Q3 2025$66.13SEC filing
Q2 2025$64.23SEC filing
Q1 2025$71.65SEC filing

SourceConocoPhillips quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MORGAN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,4602,46510,9299,32358$80.46$2.89
Jun 20262,0712,0816,3175,36025$84.81$3.15
May 20262,4782,44011,71510,14365$102.13$2.94
Apr 20261,6241,6335,1604,53515$100.32$2.77
Mar 20261,7551,7855,5684,84139$91.38$3.04
Feb 20261,6151,5633,3842,791134$64.51$3.62
Jan 20261,0711,0683,2412,79245$60.04$7.72
Dec 20256416362,0961,82812$57.97$4.26
Nov 20254854842,4262,14811$60.06$3.79
Oct 20257857822,9802,5969$60.89$3.19
Sep 20256676873,9313,41513$63.96$2.97
Aug 20251,0521,0512,8812,48718$64.86$2.91
Jul 20251,0901,1014,9374,16030$68.39$3.20
Jun 20257707795,7554,50947$68.17$3.02
May 20251,0111,0095,8414,43828$62.17$3.12
Apr 20258638685,1013,88724$63.54$3.42
Mar 20251,2371,2366,5784,94236$68.24$4.12
Feb 20257978304,7373,58224$71.53$4.19
Jan 20251,6871,6975,1573,90431$75.74$4.13
Dec 20241,8601,8508,3076,47453$70.12$3.01
Nov 20242,0512,0626,8805,41032$69.95$2.12
Oct 20242,1132,0828,4136,55050$71.99$2.20
Sep 20241,8671,8746,2094,95537$70.24$2.28
Aug 20241,6661,6687,7125,87338$76.68$1.99
Jul 20241,7811,7416,8714,99253$81.80$2.07
Jun 20241,0031,0126,8485,37155$79.77$2.54
May 20241,2061,1957,1035,48443$80.02$2.12
Apr 20241,0231,0396,2934,87169$85.35$1.60
Mar 20241,7121,7127,4375,90730$81.28$1.49
Feb 20241,4751,4675,6032,58245$77.25$1.72
Jan 20241,2721,2607,6385,05576$74.15$3.18
Dec 20231,2151,2298,1915,40355$71.90$2.52
Nov 20231,4241,4228,4495,78466$77.69$2.71
Oct 20231,5061,5008,5055,67866$85.64$2.98
Sep 20231,5881,5817,0794,36155$89.43$2.64
Aug 20231,2791,2737,3615,06952$81.39$2.58

Flared above 3%

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

OperatorMarathon Oil Ef LLCFieldSugarkane (Eagle Ford)CountyKarnes County

Marathon Oil Ef LLC in Karnes County

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Sugarkane (Eagle Ford) field

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