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Texas oil lease

Producing

PEPPERS RED

Peppers Red is an oil lease in Karnes County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Eagleville (Eagle Ford-2) field.

1 well

35,545bbl oil, last 12 months−41% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Eagleville (Eagle Ford-2)
RRC lease
02-12760

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
80,267 mcf
Oil in Jul 2026
2,842 bbl

Production by month

Oil output fell 41% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for PEPPERS RED, Jan 2024 to Jul 2026. Oil output fell 41% over the last 12 months. 35,545 bbl in the 12 months through Jul 2026, against 59,994 bbl in the 12 months before.Last 12 months: 35,545 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 41% over the last 12 monthsMonthly oil production and gas for PEPPERS RED, Jan 2024 to Jul 2026. Oil output fell 41% over the last 12 months. 35,545 bbl in the 12 months through Jul 2026, against 59,994 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40k25k50kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

88% 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)
88% of the gas went to a transmission line in the last 12 monthsShare of PEPPERS RED gas by disposition code each month, Jan 2024 to Jul 2026. 88% 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
88% of the gas went to a transmission line in the last 12 monthsShare of PEPPERS RED gas by disposition code each month, Jan 2024 to Jul 2026. 88% 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)

    88% · 70,240 mcf

  • Lease fuel (1)

    12% · 9,492 mcf

  • Flared (4)

    0.7% · 535 mcf

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

1 well on this lease

Wells on PEPPERS RED
API numberWell no.Status
42-255-378073HActive

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 Red
API numberWell no.Acreson the permit
42-255-378073H1,055.84

SourceRailroad Commission drilling permits, Sep 26, 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 RED
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,8422,88310,9519,88229$80.46$2.89
Jun 20263,1253,10210,4149,32422$84.81$3.15
May 20262,7492,7335,3424,54347$102.13$2.94
Apr 20262,2942,3094,0453,34155$100.32$2.77
Mar 20262,7552,7625,5904,56662$91.38$3.04
Feb 20262,6452,6675,1684,24668$64.51$3.62
Jan 20262,9892,9735,6374,56045$60.04$7.72
Dec 20252,9792,9616,2165,28256$57.97$4.26
Nov 20252,6822,7255,9725,16058$60.06$3.79
Oct 20252,8822,8374,9704,24618$60.89$3.19
Sep 20253,6763,6738,0457,37535$63.96$2.97
Aug 20253,9273,9197,9177,71540$64.86$2.91
Jul 20254,0744,1228,2678,06247$68.39$3.20
Jun 20254,0654,0767,9277,73732$68.17$3.02
May 20254,4644,4237,8207,63019$62.17$3.12
Apr 20254,5974,6158,3008,05467$63.54$3.42
Mar 20254,8204,7918,2838,01895$68.24$4.12
Feb 20254,7484,7658,6028,278109$71.53$4.19
Jan 20255,5645,5899,2878,35782$75.74$4.13
Dec 20245,9205,8969,3638,57010$70.12$3.01
Nov 20246,1556,1439,4988,23415$69.95$2.12
Oct 20245,6755,7639,8088,87812$71.99$2.20
Sep 20245,3985,3176,9706,46321$70.24$2.28
Aug 20244,5144,4443,4293,18512$76.68$1.99
Jul 2024386000$81.80$2.07
Jun 20246,9046,88616,15415,10310$79.77$2.54
May 202410,86110,85723,86622,38964$80.02$2.12
Apr 202412,77112,77025,68023,742119$85.35$1.60
Mar 202416,12316,12327,17625,276212$81.28$1.49
Feb 202417,85317,88625,06722,502840$77.25$1.72
Jan 202422,21722,11521,13919,4191,013$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.

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Nearby

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldEagleville (Eagle Ford-2)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

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Eagleville (Eagle Ford-2) field

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