SUBLIME UNIT
SUBLIME 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 May 2022 to August 2026, totalling 1,350,046 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 $1.7M, with roughly $765K 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 16,583 thousand cubic feet a month. Its strongest month on the record we hold was October 2022, at 46,558 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 SUBLIME UNIT
- Who operates SUBLIME UNIT?
- SUBLIME UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is SUBLIME UNIT?
- SUBLIME UNIT is a Texas gas lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 294688.
- Is SUBLIME UNIT still producing?
- SUBLIME UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SUBLIME UNIT is August 2026.
- How much has SUBLIME UNIT produced?
- SUBLIME UNIT has reported 1,350,046 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2022 and August 2026, from 1 wellbore.
- How much is SUBLIME UNIT worth?
- The remaining production from SUBLIME UNIT is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SUBLIME UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SUBLIME UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SUBLIME UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SUBLIME UNIT generate in a year?
- SUBLIME UNIT is forecast to net about $765K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SUBLIME 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 | 294688 |
| Wellbores | 1 |
| Reported production | 1,350,046 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where SUBLIME 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.