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Texas oil lease

Producing

SALT RED

Salt 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

22,403bbl oil, last 12 months−69% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Eagleville (Eagle Ford-2)
RRC lease
02-12861

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
46,760 mcf
Oil in Jul 2026
1,205 bbl

Production by month

Oil output fell 69% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for SALT RED, Jul 2024 to Jul 2026. Oil output fell 69% over the last 12 months. 22,403 bbl in the 12 months through Jul 2026, against 72,484 bbl in the 12 months before.Last 12 months: 22,403 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for SALT RED, Jul 2024 to Jul 2026. Oil output fell 69% over the last 12 months. 22,403 bbl in the 12 months through Jul 2026, against 72,484 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 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 RED 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 RED 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% · 41,158 mcf

  • Lease fuel (1)

    11% · 5,139 mcf

  • Flared (4)

    1.0% · 463 mcf

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

1 well on this lease

Wells on SALT RED
API numberWell no.Status
42-255-379631HActive

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

1,110.91 acres on the newest permit

An allocation well is on this lease

Permits for Salt Red
API numberWell no.Acreson the permit
42-255-379631H1,110.91

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 RED
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,2051,2203,5423,06643$80.46$2.89
Jun 20261,3851,3823,7383,24626$84.81$3.15
May 20261,5071,5043,9653,44526$102.13$2.94
Apr 20261,4921,4983,6513,16944$100.32$2.77
Mar 20261,8741,8822,8902,46338$91.38$3.04
Feb 20262,0061,9992,9492,55937$64.51$3.62
Jan 20262,0692,0703,0782,65459$60.04$7.72
Dec 20252,1692,1803,9353,42139$57.97$4.26
Nov 20252,0562,0404,2423,75259$60.06$3.79
Oct 20252,1662,1564,5664,12525$60.89$3.19
Sep 20252,1882,2024,7514,29245$63.96$2.97
Aug 20252,2862,2905,4534,96622$64.86$2.91
Jul 20252,4072,4085,9215,44817$68.39$3.20
Jun 20252,6432,6556,9066,39622$68.17$3.02
May 20253,3973,4037,8057,24324$62.17$3.12
Apr 20254,2414,2337,4206,75733$63.54$3.42
Mar 20254,2174,2278,2137,59289$68.24$4.12
Feb 20254,3274,3129,1638,50459$71.53$4.19
Jan 20255,1395,14211,89210,89743$75.74$4.13
Dec 20246,0566,04316,73715,57626$70.12$3.01
Nov 20247,0717,11216,60315,22599$69.95$2.12
Oct 20249,2439,20821,38019,974117$71.99$2.20
Sep 202411,15311,25719,49418,151231$70.24$2.28
Aug 202412,59012,51313,55712,66542$76.68$1.99
Jul 20242,5112,4482,8202,4053$81.80$2.07

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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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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