L.B. HAILEY UNIT
L.B. HAILEY UNIT is a Texas gas lease in Karnes County, Railroad Commission district 02, operated by Marathon Oil Ef LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 644,940 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 $4.7M, with roughly $2.2M 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 19,223 thousand cubic feet a month. Its strongest month on the record we hold was February 2025, at 49,886 thousand cubic feet. 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 L.B. HAILEY UNIT
- Who operates L.B. HAILEY UNIT?
- L.B. HAILEY UNIT is operated by Marathon Oil Ef LLC, Railroad Commission of Texas operator number 525398.
- Where is L.B. HAILEY UNIT?
- L.B. HAILEY UNIT is a Texas gas lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 296239.
- Is L.B. HAILEY UNIT still producing?
- L.B. HAILEY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for L.B. HAILEY UNIT is August 2026.
- How much has L.B. HAILEY UNIT produced?
- L.B. HAILEY UNIT has reported 644,940 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2023 and August 2026, from 1 wellbore.
- How much is L.B. HAILEY UNIT worth?
- The remaining production from L.B. HAILEY UNIT is estimated to be worth about $4.7M in total as of 26 August 2026, within a range of $3.8M to $5.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in L.B. HAILEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production L.B. HAILEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for L.B. HAILEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does L.B. HAILEY UNIT generate in a year?
- L.B. HAILEY UNIT is forecast to net about $2.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in L.B. HAILEY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Ef LLC |
|---|---|
| Field | Eagleville (Eagle Ford-2) |
| County | Karnes County, Texas |
| RRC district | 02 |
| Lease number | 296239 |
| Wellbores | 1 |
| Reported production | 644,940 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where L.B. HAILEY 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.