MAGIC LEGS B
MAGIC LEGS B is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Admiral Permian Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2025 to August 2026, totalling 165,480 barrels. 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 $7.2M, with roughly $4.6M 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 11,961 barrels a month. Its strongest month on the record we hold was May 2025, at 17,507 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MAGIC LEGS B
- Who operates MAGIC LEGS B?
- MAGIC LEGS B is operated by Admiral Permian Operating LLC, Railroad Commission of Texas operator number 100158.
- Where is MAGIC LEGS B?
- MAGIC LEGS B is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63958.
- Is MAGIC LEGS B still producing?
- MAGIC LEGS B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGIC LEGS B is August 2026.
- How much has MAGIC LEGS B produced?
- MAGIC LEGS B has reported 165,480 barrels of oil (bbl) to the Railroad Commission of Texas between April 2025 and August 2026, from 1 wellbore.
- How much is MAGIC LEGS B worth?
- The remaining production from MAGIC LEGS B is estimated to be worth about $7.2M in total as of 27 August 2026, within a range of $5.9M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGIC LEGS B is a fraction of it. The estimate fits an Arps decline curve to the production MAGIC LEGS B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGIC LEGS B is an estimate of value, not an offer and not an appraisal.
- How much income does MAGIC LEGS B generate in a year?
- MAGIC LEGS B is forecast to net about $4.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAGIC LEGS B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Admiral Permian Operating LLC |
|---|---|
| Field | Emma (Barnett Shale) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 63958 |
| Wellbores | 1 |
| Reported production | 165,480 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.2M |
Where MAGIC LEGS B 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.