MAGNOLIA STATE UNIT
MAGNOLIA STATE UNIT is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Parsley Energy Operations, Llc. It has 4 wellbores on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 1,672,270 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $566K, with roughly $179K expected over the next twelve months.
| Operator | Parsley Energy Operations, Llc |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 55418 |
| Wellbores | 4 |
| Reported production | 1,672,270 bbl |
| First reported | April 2019 |
| Last reported | August 2026 |
| Estimated royalty value | $566K |
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.