MAGNOLIA STATE UNIT
MAGNOLIA STATE UNIT is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Parsley Energy Operations, LLC. It has 4 wellbores on file with the Commission. Reported production runs from April 2019 to August 2026, totalling 1,672,270 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 $24.2M, with roughly $7.6M 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 11,336 barrels a month, about 2,834 per wellbore. Its strongest month on the record we hold was April 2020, at 55,563 barrels. 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 MAGNOLIA STATE UNIT
- Who operates MAGNOLIA STATE UNIT?
- MAGNOLIA STATE UNIT is operated by Parsley Energy Operations, LLC, Railroad Commission of Texas operator number 642652.
- Where is MAGNOLIA STATE UNIT?
- MAGNOLIA STATE UNIT is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55418.
- Is MAGNOLIA STATE UNIT still producing?
- MAGNOLIA STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGNOLIA STATE UNIT is August 2026.
- How much has MAGNOLIA STATE UNIT produced?
- MAGNOLIA STATE UNIT has reported 1,672,270 barrels of oil (bbl) to the Railroad Commission of Texas between April 2019 and August 2026, from 4 wellbores.
- How much is MAGNOLIA STATE UNIT worth?
- The remaining production from MAGNOLIA STATE UNIT is estimated to be worth about $24.2M in total as of 27 August 2026, within a range of $19.8M to $28.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGNOLIA STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MAGNOLIA STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGNOLIA STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MAGNOLIA STATE UNIT generate in a year?
- MAGNOLIA STATE UNIT is forecast to net about $7.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAGNOLIA STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parsley Energy Operations, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 55418 |
| Wellbores | 4 |
| Reported production | 1,672,270 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $24.2M |
Where MAGNOLIA STATE 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.