BEAVER BLACK
BEAVER BLACK is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2024 to August 2026, totalling 285,960 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 $2.5M, with roughly $1.8M 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 5,767 barrels a month. Its strongest month on the record we hold was March 2024, at 21,624 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 BEAVER BLACK
- Who operates BEAVER BLACK?
- BEAVER BLACK is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is BEAVER BLACK?
- BEAVER BLACK is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 28146.
- Is BEAVER BLACK still producing?
- BEAVER BLACK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BEAVER BLACK is August 2026.
- How much has BEAVER BLACK produced?
- BEAVER BLACK has reported 285,960 barrels of oil (bbl) to the Railroad Commission of Texas between February 2024 and August 2026, from 1 wellbore.
- How much is BEAVER BLACK worth?
- The remaining production from BEAVER BLACK is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $2.1M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BEAVER BLACK is a fraction of it. The estimate fits an Arps decline curve to the production BEAVER BLACK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BEAVER BLACK is an estimate of value, not an offer and not an appraisal.
- How much income does BEAVER BLACK generate in a year?
- BEAVER BLACK is forecast to net about $1.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BEAVER BLACK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 28146 |
| Wellbores | 1 |
| Reported production | 285,960 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where BEAVER BLACK 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.