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Texas oil lease

Producing

REYNOLDS GAS UNIT 2

Reynolds Gas Unit 2 is an oil lease in Karnes County, Texas, operated by Marathon Oil Ef LLC in the Eagleville (Eagle Ford-2) field.

3 wells

286,429bbl oil, last 12 months+41% vs prior year
RRC lease
02-10222

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
900,544 mcf
Oil in Jul 2026
10,859 bbl

Production by month

Oil output rose 41% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 41% over the last 12 monthsMonthly oil production and gas for REYNOLDS GAS UNIT 2, Aug 2023 to Jul 2026. Oil output rose 41% over the last 12 months. 286,429 bbl in the 12 months through Jul 2026, against 202,764 bbl in the 12 months before.Last 12 months: 286,429 bblbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 41% over the last 12 monthsMonthly oil production and gas for REYNOLDS GAS UNIT 2, Aug 2023 to Jul 2026. Oil output rose 41% over the last 12 months. 286,429 bbl in the 12 months through Jul 2026, against 202,764 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k25k20k50k30k75k40k100k50k125kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

Flaring peaked at 13.9% of the gas in Sep 2023.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuelShare of REYNOLDS GAS UNIT 2 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 13.9% of the gas in Sep 2023.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2024: fuel to plantFlared 13.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuelShare of REYNOLDS GAS UNIT 2 gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2024 the lease's gas goes to a processing plant instead of lease fuel. Flaring peaked at 13.9% of the gas in Sep 2023.Share of gas by disposition code0%50%100%Jan 24: fuel to plantFlared 13.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    94% · 846,787 mcf

  • Lease fuel (1)

    5.3% · 47,751 mcf

  • Flared (4)

    0.7% · 6,006 mcf

0.7% of the gas flared in the last 12 months. 6 months above 3%.

3 wells on this lease

Wells on REYNOLDS GAS UNIT 2
API numberWell no.Status
42-255-321141HShut-in
42-255-380772HActive
42-255-380783HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dcp Operating Company, LPOilGathers25Aug 1, 2023–
Energy Transfer CompanyOilGathers25Aug 1, 2023–
Enterprise Crude Oil LLCOilGathers25Aug 1, 2023–
Marathon Oil Ef LLCOilGathers25Aug 1, 2023–
Marathon Oil Ef LLCCasinghead gasBuys100Oct 21, 2019–
Marathon Oil Ef LLCCasinghead gasGathers100Aug 1, 2012–
Enterprise Crude Oil LLCOilGathers50Jul 1, 2022Aug 1, 2023
Pilot Travel Centers LLCOilGathers25Jul 1, 2022Aug 1, 2023
Reynolds Energy Transport LLCOilGathers25Jul 1, 2022Aug 1, 2023
Enterprise Crude Oil LLCOilGathers25Jun 1, 2020Jul 1, 2022
Gulfmark Energy, Inc.OilGathers25Jun 1, 2020Jul 1, 2022
Pilot Travel Centers LLCOilGathers50Jun 1, 2020Jul 1, 2022

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

125.53 acres on the newest permit

Permits for Reynolds Gas Unit 2
API numberWell no.Acreson the permit
42-255-380772H125.53
42-255-380783H125.53
42-255-321141H125.53

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

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 REYNOLDS GAS UNIT 2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202610,85911,25339,83935,252324$80.46$2.89
Jun 202612,99012,90345,56841,403356$84.81$3.15
May 202614,92215,02951,18146,554770$102.13$2.94
Apr 202625,75025,39880,80775,998462$100.32$2.77
Mar 20264,7624,83515,27514,70082$91.38$3.04
Feb 202616,79017,15754,89850,749546$64.51$3.62
Jan 202623,10923,45572,70567,523754$60.04$7.72
Dec 202526,84626,40989,43084,232583$57.97$4.26
Nov 202530,88930,96585,44381,079478$60.06$3.79
Oct 202538,85438,546120,543115,244584$60.89$3.19
Sep 202540,39440,461120,831115,639557$63.96$2.97
Aug 202540,26440,332124,024118,414510$64.86$2.91
Jul 202536,14035,913106,248101,070450$68.39$3.20
Jun 202540,88941,262118,966113,445539$68.17$3.02
May 202539,14238,767110,796105,120520$62.17$3.12
Apr 202538,56538,784106,712101,443549$63.54$3.42
Mar 202544,26443,875113,368108,337439$68.24$4.12
Feb 20255621401,9401,8668$71.53$4.19
Jan 202516930041826521$75.74$4.13
Dec 20247727111981266$70.12$3.01
Nov 202441949667451$69.95$2.12
Oct 202457358380542$71.99$2.20
Sep 202469865392632$70.24$2.28
Aug 202457155976541$76.68$1.99
Jul 202453254697682$81.80$2.07
Jun 202453449570481$79.77$2.54
May 20244725225233959$80.02$2.12
Apr 20244534003222244$85.35$1.60
Mar 20242682835093423$81.28$1.49
Feb 20243733601,25772310$77.25$1.72
Jan 20242822941,09560519$74.15$3.18
Dec 202343542941609$71.90$2.52
Nov 2023340365488015$77.69$2.71
Oct 2023468493456025$85.64$2.98
Sep 2023502490230032$89.43$2.64
Aug 20234814812242317$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

Marathon Oil Ef LLC in Karnes County

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Eagleville (Eagle Ford-2) field

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