Skip to content
Royalty Clerk

Texas oil lease

Producing

PEPPERS HOT

Peppers Hot is an oil lease in Karnes County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Sugarkane (Austin Chalk) field.

1 well

40,948bbl oil, last 12 months−57% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Sugarkane (Austin Chalk)
RRC lease
02-12776

Is your check right?

Check my statement

Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
386,368 mcf
Oil in Jul 2026
2,377 bbl

Production by month

Oil output fell 57% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 57% over the last 12 monthsMonthly oil production and gas for PEPPERS HOT, Jan 2024 to Jul 2026. Oil output fell 57% over the last 12 months. 40,948 bbl in the 12 months through Jul 2026, against 96,255 bbl in the 12 months before.Last 12 months: 40,948 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 57% over the last 12 monthsMonthly oil production and gas for PEPPERS HOT, Jan 2024 to Jul 2026. Oil output fell 57% over the last 12 months. 40,948 bbl in the 12 months through Jul 2026, against 96,255 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

87% of the gas went to a transmission line in the last 12 months

Flaring peaked at 4.8% of the gas in Jan 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
87% of the gas went to a transmission line in the last 12 monthsShare of PEPPERS HOT gas by disposition code each month, Jan 2024 to Jul 2026. 87% of the gas went to a transmission line in the last 12 months. Flaring peaked at 4.8% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 4.8%Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
87% of the gas went to a transmission line in the last 12 monthsShare of PEPPERS HOT gas by disposition code each month, Jan 2024 to Jul 2026. 87% of the gas went to a transmission line in the last 12 months. Flaring peaked at 4.8% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 4.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    87% · 335,236 mcf

  • Lease fuel (1)

    13% · 48,330 mcf

  • Flared (4)

    0.7% · 2,802 mcf

0.7% of the gas flared in the last 12 months. 2 months above 3%.

1 well on this lease

Wells on PEPPERS HOT
API numberWell no.Status
42-255-37806102HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Phillips 66 CompanyOilGathers34Jan 3, 2024
Flint Hills Resources, LPOilGathers33Jan 3, 2024
Harvest Marketing & Trading, LLCOilGathers33Jan 3, 2024
Et Gathering & Processing LLCCasinghead gasBuys100Jan 3, 2024
Energy Transfer CompanyCasinghead gasGathers100Jan 3, 2024

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

Who buys my oilOil price check

1,055.84 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 Peppers Hot
API numberWell no.Acreson the permit
42-255-37806102H1,055.84

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

Unit decimal checker

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY).
Realized prices reported by Magnolia Oil & Gas Corporation
QuarterOil$ per bblFiling
Q2 2026$98.13SEC filing
Q1 2026$70.29SEC filing
Q3 2025$63.55SEC filing
Q2 2025$62.20SEC filing
Q1 2025$69.81SEC filing
Q3 2024$74.23SEC filing

SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

31 months, newest first

Ledger for PEPPERS HOT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,3772,41639,06935,254105$80.46$2.89
Jun 20262,7962,79038,43234,41082$84.81$3.15
May 20263,0313,02332,57327,702285$102.13$2.94
Apr 20262,9052,91224,42620,174332$100.32$2.77
Mar 20263,0063,01729,14323,801325$91.38$3.04
Feb 20262,9983,02527,50522,598360$64.51$3.62
Jan 20263,4393,40831,45425,447250$60.04$7.72
Dec 20252,9942,99135,13129,854314$57.97$4.26
Nov 20253,3053,38935,04930,279343$60.06$3.79
Oct 20254,2784,19530,36025,941109$60.89$3.19
Sep 20254,7334,73131,79129,145137$63.96$2.97
Aug 20255,0865,07331,43530,631160$64.86$2.91
Jul 20255,0495,11233,45032,621190$68.39$3.20
Jun 20255,2535,26629,39228,686119$68.17$3.02
May 20255,8455,79926,64025,99363$62.17$3.12
Apr 20256,1976,22328,42627,583230$63.54$3.42
Mar 20256,7396,69830,63929,658352$68.24$4.12
Feb 20256,5456,55831,21630,041396$71.53$4.19
Jan 20257,2797,31033,38630,043296$75.74$4.13
Dec 20248,6108,57739,10135,79141$70.12$3.01
Nov 20248,5978,61439,65934,37963$69.95$2.12
Oct 202410,65910,87451,40946,53564$71.99$2.20
Sep 202411,77311,64847,79544,320145$70.24$2.28
Aug 202413,70913,66747,49644,126163$76.68$1.99
Jul 20249,8629,87521,60120,05430$81.80$2.07
Jun 202413,48113,41640,94938,28625$79.77$2.54
May 202417,42317,40847,67244,722128$80.02$2.12
Apr 202417,89617,89842,40939,208197$85.35$1.60
Mar 202423,24223,24741,22438,343321$81.28$1.49
Feb 202427,05727,07441,75337,4821,398$77.25$1.72
Jan 202426,56426,44335,47932,5911,701$74.15$3.18

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

How to check your stub against this lease Checks stopped on this lease? See the likely reasons

Do your checks match this lease?

Check my statement

Nearby

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldSugarkane (Austin Chalk)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

All Magnolia Oil & Gas Operating LLC leases →

Sugarkane (Austin Chalk) field

All leases in this field →

Leases within 10 km

Drilling permits within 10 km