MAGELLAN 363BP
MAGELLAN 363BP is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from August 2021 to August 2026, totalling 210,079 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 $2.7M, with roughly $732K 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 818 barrels a month. Its strongest month on the record we hold was September 2021, at 32,194 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 MAGELLAN 363BP
- Who operates MAGELLAN 363BP?
- MAGELLAN 363BP is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is MAGELLAN 363BP?
- MAGELLAN 363BP is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21486.
- Is MAGELLAN 363BP still producing?
- MAGELLAN 363BP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAGELLAN 363BP is August 2026.
- How much has MAGELLAN 363BP produced?
- MAGELLAN 363BP has reported 210,079 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is MAGELLAN 363BP worth?
- The remaining production from MAGELLAN 363BP is estimated to be worth about $2.7M in total as of 27 August 2026, within a range of $2.1M to $3.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAGELLAN 363BP is a fraction of it. The estimate fits an Arps decline curve to the production MAGELLAN 363BP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAGELLAN 363BP is an estimate of value, not an offer and not an appraisal.
- How much income does MAGELLAN 363BP generate in a year?
- MAGELLAN 363BP is forecast to net about $732K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAGELLAN 363BP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 21486 |
| Wellbores | 1 |
| Reported production | 210,079 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.7M |
Where MAGELLAN 363BP 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.