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Texas oil lease

Producing

SALT BLACK

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

1 well

53,472bbl oil, last 12 months−75% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Sugarkane (Austin Chalk)
RRC lease
02-12833

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
331,059 mcf
Oil in Jul 2026
3,135 bbl

Production by month

Oil output fell 75% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 75% over the last 12 monthsMonthly oil production and gas for SALT BLACK, Jul 2024 to Jul 2026. Oil output fell 75% over the last 12 months. 53,472 bbl in the 12 months through Jul 2026, against 216,068 bbl in the 12 months before.Last 12 months: 53,472 bblbbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 75% over the last 12 monthsMonthly oil production and gas for SALT BLACK, Jul 2024 to Jul 2026. Oil output fell 75% over the last 12 months. 53,472 bbl in the 12 months through Jul 2026, against 216,068 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010k20k20k40k30k60k40k80kJul 24Jan 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

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
88% of the gas went to a transmission line in the last 12 monthsShare of SALT BLACK gas by disposition code each month, Jul 2024 to Jul 2026. 88% 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%Jul 24OctJan 25AprJulOctJan 26AprJul
88% of the gas went to a transmission line in the last 12 monthsShare of SALT BLACK gas by disposition code each month, Jul 2024 to Jul 2026. 88% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    88% · 291,212 mcf

  • Lease fuel (1)

    11% · 36,461 mcf

  • Flared (4)

    1.0% · 3,386 mcf

1.0% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on SALT BLACK
API numberWell no.Status
42-255-37970104HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers40Jan 7, 2025–
Flint Hills Resources, LPOilGathers30Jul 25, 2024–
Phillips 66 CompanyOilGathers30Jul 25, 2024–
Enterprise Products Operating LLCCasinghead gasBuys100Jul 25, 2024–
Plains Pipeline L.p.Casinghead gasGathers100Jan 7, 2025–
Ironwood Midst Energy Ptnrs LLCCasinghead gasGathers100Jul 25, 2024Jan 7, 2025
Ironwood Midst Energy Ptnrs LLCOilGathers40Jul 25, 2024Jan 7, 2025

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

Who buys my oilOil price check

1,118.29 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 Salt Black
API numberWell no.Acreson the permit
42-255-37970104H1,118.29

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

25 months, newest first

Ledger for SALT BLACK
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,1353,16022,29419,302269$80.46$2.89
Jun 20263,3933,39322,45319,498156$84.81$3.15
May 20263,5353,51623,63920,537154$102.13$2.94
Apr 20263,5923,60424,30221,092296$100.32$2.77
Mar 20263,7853,79625,07821,374331$91.38$3.04
Feb 20263,7833,77925,35822,002320$64.51$3.62
Jan 20264,4784,48227,98924,131538$60.04$7.72
Dec 20254,8064,82928,47524,758280$57.97$4.26
Nov 20254,8074,77428,23924,981391$60.06$3.79
Oct 20255,4795,46031,30828,280174$60.89$3.19
Sep 20255,8845,93233,52030,282320$63.96$2.97
Aug 20256,7956,78838,40434,975157$64.86$2.91
Jul 20257,4557,46140,66337,413116$68.39$3.20
Jun 20258,1068,13545,27441,930142$68.17$3.02
May 20259,4609,47048,62845,124152$62.17$3.12
Apr 202512,73712,73252,87948,153236$63.54$3.42
Mar 202512,89012,93954,97550,819596$68.24$4.12
Feb 202515,06815,02855,94851,928358$71.53$4.19
Jan 202518,15118,15847,48043,508170$75.74$4.13
Dec 202421,22921,18654,30850,54285$70.12$3.01
Nov 202422,41422,53340,42937,074240$69.95$2.12
Oct 202428,15128,00743,04240,211235$71.99$2.20
Sep 202431,94932,18848,42945,093573$70.24$2.28
Aug 202428,45828,22942,24939,470131$76.68$1.99
Jul 20243,1873,1066,0495,1606$81.80$2.07

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 LLCFieldSugarkane (Austin Chalk)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

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Sugarkane (Austin Chalk) field

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