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Texas oil lease

Producing

BABB-DRAWE

Babb-Drawe is an oil lease in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

4,279bbl oil, last 12 months−20% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22101

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
32,141 mcf
Oil in Jul 2026
157 bbl

Production by month

Oil output fell 20% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for BABB-DRAWE, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 4,279 bbl in the 12 months through Jul 2026, against 5,316 bbl in the 12 months before.Last 12 months: 4,279 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 20% over the last 12 monthsMonthly oil production and gas for BABB-DRAWE, Aug 2023 to Jul 2026. Oil output fell 20% over the last 12 months. 4,279 bbl in the 12 months through Jul 2026, against 5,316 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of BABB-DRAWE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of BABB-DRAWE gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on BABB-DRAWE
API numberWell no.Status
42-149-327141Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015
Energy Transfer CompanyCasinghead gasBuys100May 1, 2005
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

274.96 acres on the newest permit

A pooling certificate was filed

Permits for Babb-Drawe
API numberWell no.Acreson the permit
42-149-327141274.96

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY).
Realized prices reported by Magnolia Oil & Gas Corporation
QuarterOil$ per bblFiling
Q2 2026$98.13SEC filing
Q1 2026$70.29SEC filing
Q3 2025$63.55SEC filing
Q2 2025$62.20SEC filing
Q1 2025$69.81SEC filing
Q3 2024$74.23SEC filing

SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for BABB-DRAWE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202615707897890$80.46$2.89
Jun 20262313751,8291,8290$84.81$3.15
May 20263271812,9482,9480$102.13$2.94
Apr 20263553672,8272,8270$100.32$2.77
Mar 20263813733,0973,0970$91.38$3.04
Feb 20262773782,7482,7480$64.51$3.62
Jan 20263473793,5653,5650$60.04$7.72
Dec 20254123693,6963,6960$57.97$4.26
Nov 20253873793,4463,4460$60.06$3.79
Oct 20253583843,0793,0790$60.89$3.19
Sep 20256285672,4822,4820$63.96$2.97
Aug 20254193811,6351,6350$64.86$2.91
Jul 20253593772,4492,4490$68.39$3.20
Jun 20253663812,3532,3530$68.17$3.02
May 20254335682,5282,5280$62.17$3.12
Apr 20254563872,9332,9330$63.54$3.42
Mar 20255185703,1973,1970$68.24$4.12
Feb 20255023873,1143,1140$71.53$4.19
Jan 20256005813,4503,4500$75.74$4.13
Dec 20248749434,4774,4770$70.12$3.01
Nov 20248569546,2486,2480$69.95$2.12
Oct 20243521892,1082,1080$71.99$2.20
Sep 2024009109100$70.24$2.28
Aug 202400000$76.68$1.99
Jul 20240031310$81.80$2.07
Jun 20242323881,5101,5100$79.77$2.54
May 20246085663,8673,8670$80.02$2.12
Apr 20247057523,8623,8620$85.35$1.60
Mar 20247447663,9673,9670$81.28$1.49
Feb 20246415763,6643,6640$77.25$1.72
Jan 20245935793,8793,8790$74.15$3.18
Dec 20236975554,1234,1230$71.90$2.52
Nov 20237459604,5464,5460$77.69$2.71
Oct 20231,0249605,4225,4220$85.64$2.98
Sep 20231,2851,1427,8497,8490$89.43$2.64
Aug 20237939534,0834,0830$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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