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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 22238

Producing

BAILEY UNIT

Bailey Unit is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 1,553 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,553bbl oil, last 12 months−7% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22238

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County · RRC district 03Open Burleson County →
Oil in Jul 2026
135 bbl
Reporting to the state
since Jan 2020
Wells
1
Data through
Jul 2026

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 7% over the last 12 months

1,553 bbl in the 12 months through Jul 2026, against 1,677 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Last 12 months
Oil output fell 7% over the last 12 monthsMonthly oil production for BAILEY UNIT, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 1,553 bbl in the 12 months through Jul 2026, against 1,677 bbl in the 12 months before.Last 12 months: 1,553 bblbbl per month0100200300400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 7% over the last 12 monthsMonthly oil production for BAILEY UNIT, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 1,553 bbl in the 12 months through Jul 2026, against 1,677 bbl in the 12 months before.Last 12 monthsbbl per month0100200300400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 22238, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed 3 times, most recently in Mar 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating…Mar 2023 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 22238 in district 03. The API number is the state’s ID for a well.
Wells on BAILEY UNIT
API numberWell no.Status
42-051-333951Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 22238.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Energy Transfer Company gathers it.

    100% of it, on the list since Jul 31, 2023

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Aug 31, 2007 · Energy Transfer Company gathers it: 100% of it, on the list since May 1, 2005

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 31, 2023); Shell Trading (Us) Company (gathers it, until May 1, 2020); Enterprise Crude Oil LLC (gathers it, until Nov 30, 2019); Flint Hills Resources, LP (gathers it, until Nov 30, 2019).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

760 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Oct 8, 1993
Latest permit
Sep 3, 1993

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for Bailey Unit
API numberWell no.Acreson the permit
42-051-333951760

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

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A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says BAILEY UNIT sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

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Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for BAILEY UNIT
MonthOil producedbblOil soldbblWTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil1352$80.46$2.89
Jun 2026Magnolia Oil110175$84.81$3.15
May 2026Magnolia Oil131183$102.13$2.94
Apr 2026Magnolia Oil1280$100.32$2.77
Mar 2026Magnolia Oil144178$91.38$3.04
Feb 2026Magnolia Oil115189$64.51$3.62
Jan 2026Magnolia Oil1060$60.04$7.72
Dec 2025Magnolia Oil143181$57.97$4.26
Nov 2025Magnolia Oil143176$60.06$3.79
Oct 2025Magnolia Oil108178$60.89$3.19
Sep 2025Magnolia Oil127163$63.96$2.97
Aug 2025Magnolia Oil1630$64.86$2.91
Jul 2025Magnolia Oil151171$68.39$3.20
Jun 2025Magnolia Oil161175$68.17$3.02
May 2025Magnolia Oil144176$62.17$3.12
Apr 2025Magnolia Oil171178$63.54$3.42
Mar 2025Magnolia Oil252352$68.24$4.12
Feb 2025Magnolia Oil212171$71.53$4.19
Jan 2025Magnolia Oil1930$75.74$4.13
Dec 2024Magnolia Oil00$70.12$3.01
Nov 2024Magnolia Oil1175$69.95$2.12
Oct 2024Magnolia Oil1321$71.99$2.20
Sep 2024Magnolia Oil131182$70.24$2.28
Aug 2024Magnolia Oil129178$76.68$1.99
Jul 2024Magnolia Oil150168$81.80$2.07
Jun 2024Magnolia Oil1450$79.77$2.54
May 2024Magnolia Oil139177$80.02$2.12
Apr 2024Magnolia Oil148194$85.35$1.60
Mar 2024Magnolia Oil144182$81.28$1.49
Feb 2024Magnolia Oil161161$77.25$1.72
Jan 2024Magnolia Oil149181$74.15$3.18
Dec 2023Magnolia Oil1540$71.90$2.52
Nov 2023Magnolia Oil130184$77.69$2.71
Oct 2023Magnolia Oil148180$85.64$2.98
Sep 2023Magnolia Oil144178$89.43$2.64
Aug 2023Magnolia Oil116169$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 22238, district 03, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.