WEEZER UNIT
WEEZER 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 2019 to August 2026, totalling 619,196 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 $1.4M, with roughly $350K 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 3,382 thousand cubic feet a month. Its strongest month on the record we hold was July 2019, at 33,547 thousand cubic feet. 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 WEEZER UNIT
- Who operates WEEZER UNIT?
- WEEZER UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is WEEZER UNIT?
- WEEZER UNIT is a Texas gas lease in Karnes County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 295098.
- Is WEEZER UNIT still producing?
- WEEZER UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEEZER UNIT is August 2026.
- How much has WEEZER UNIT produced?
- WEEZER UNIT has reported 619,196 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is WEEZER UNIT worth?
- The remaining production from WEEZER UNIT is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.1M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEEZER UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WEEZER UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEEZER UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WEEZER UNIT generate in a year?
- WEEZER UNIT is forecast to net about $350K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WEEZER 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 | 295098 |
| Wellbores | 1 |
| Reported production | 619,196 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where WEEZER 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.