CHEVELLE UNIT
CHEVELLE UNIT is a Texas oil lease in Karnes County, Railroad Commission district 02, operated by Magnolia Oil & Gas Operating LLC. It has 6 wellbores on file with the Commission. Reported production runs from February 2018 to August 2026, totalling 1,488,977 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 $12.3M, with roughly $2.9M 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 3,379 barrels a month, about 563 per wellbore. Its strongest month on the record we hold was February 2020, at 111,233 barrels. 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 CHEVELLE UNIT
- Who operates CHEVELLE UNIT?
- CHEVELLE UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is CHEVELLE UNIT?
- CHEVELLE UNIT is a Texas oil lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 11508.
- Is CHEVELLE UNIT still producing?
- CHEVELLE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHEVELLE UNIT is August 2026.
- How much has CHEVELLE UNIT produced?
- CHEVELLE UNIT has reported 1,488,977 barrels of oil (bbl) to the Railroad Commission of Texas between February 2018 and August 2026, from 6 wellbores.
- How much is CHEVELLE UNIT worth?
- The remaining production from CHEVELLE UNIT is estimated to be worth about $12.3M in total as of 27 August 2026, within a range of $10.2M to $14.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEVELLE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CHEVELLE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHEVELLE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CHEVELLE UNIT generate in a year?
- CHEVELLE UNIT is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHEVELLE 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 | 11508 |
| Wellbores | 6 |
| Reported production | 1,488,977 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.3M |
Where CHEVELLE 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.