OASIS UNIT
OASIS UNIT is a Texas gas lease in Karnes County, Railroad Commission district 02, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 855,336 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $2.6M, with roughly $581K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 4,255 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 51,386 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about OASIS UNIT
- Who operates OASIS UNIT?
- OASIS UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is OASIS UNIT?
- OASIS UNIT is a Texas gas lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 295474.
- Is OASIS UNIT still producing?
- OASIS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OASIS UNIT is August 2026.
- How much has OASIS UNIT produced?
- OASIS UNIT has reported 855,336 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2018 and August 2026, from 1 wellbore.
- How much is OASIS UNIT worth?
- The remaining production from OASIS UNIT is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.2M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OASIS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OASIS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OASIS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OASIS UNIT generate in a year?
- OASIS UNIT is forecast to net about $581K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OASIS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Sugarkane (Austin Chalk) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 295474 |
| Wellbores | 1 |
| Reported production | 855,336 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where OASIS UNIT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.