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Texas oil lease

Producing

BANFF

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

1 well

6,895bbl oil, last 12 months−3% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27829

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
55,578 mcf
Oil in Jul 2026
689 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for BANFF, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 6,895 bbl in the 12 months through Jul 2026, against 7,101 bbl in the 12 months before.Last 12 months: 6,895 bblbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for BANFF, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 6,895 bbl in the 12 months through Jul 2026, against 7,101 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002502,0005004,0007506,0001,0008,0001,25010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuelShare of BANFF gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Sep 2024: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuelShare of BANFF gas by disposition code each month, Aug 2023 to Jul 2026. Since Sep 2024 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Sep 24: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 52,014 mcf

  • Lease fuel (1)

    6.4% · 3,564 mcf

1 well on this lease

Wells on BANFF
API numberWell no.Status
42-149-334971HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers40Jul 7, 2025–
Energy Transfer CompanyOilGathers30Jul 7, 2025–
Enterprise Crude Oil LLCOilGathers30Jul 7, 2025–
Energy Transfer CompanyCasinghead gasBuys100Feb 11, 2020–
Energy Transfer CompanyCasinghead gasGathers100Feb 11, 2020–
Energy Transfer Marketing & TermOilGathers20Dec 1, 2022Jul 7, 2025
Enterprise Crude Oil LLCOilGathers20Feb 11, 2020Jul 7, 2025
Ironwood Midst Energy Ptnrs LLCOilGathers20Feb 11, 2020Jul 7, 2025
Phillips 66 CompanyOilGathers20Feb 11, 2020Jul 7, 2025
Shell Trading (Us) CompanyOilGathers20Feb 11, 2020Jul 7, 2025
Sunoco Ptnrs. Mktg.&terminals LPOilGathers20Feb 11, 2020Dec 1, 2022

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

Who buys my oilOil price check

871.68 acres on the newest permit

A production sharing agreement well is on this lease

Permits for Banff
API numberWell no.Acreson the permit
42-149-334971H871.68

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 BANFF
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266895446,6746,3740$80.46$2.89
Jun 20265977324,9314,6310$84.81$3.15
May 20264593593,4293,1190$102.13$2.94
Apr 20264243673,2823,0200$100.32$2.77
Mar 20265547394,0673,7690$91.38$3.04
Feb 20265455684,0813,8010$64.51$3.62
Jan 20264883713,3523,0680$60.04$7.72
Dec 20256255604,9174,6070$57.97$4.26
Nov 20256047384,8394,5390$60.06$3.79
Oct 20256205645,3034,9930$60.89$3.19
Sep 20256355605,1944,8940$63.96$2.97
Aug 20256557625,5095,1990$64.86$2.91
Jul 20255965514,6004,3120$68.39$3.20
Jun 20254885643,3753,1120$68.17$3.02
May 20255845544,3894,0980$62.17$3.12
Apr 20256197544,7614,4610$63.54$3.42
Mar 20256235684,7004,3900$68.24$4.12
Feb 20255463934,5004,2200$71.53$4.19
Jan 20256597704,9954,6850$75.74$4.13
Dec 20248577466,6496,3390$70.12$3.01
Nov 20245555583,3983,0980$69.95$2.12
Oct 20247957615,8085,4980$71.99$2.20
Sep 20246927605,4625,1620$70.24$2.28
Aug 20248719331000$76.68$1.99
Jul 20244623743,6833,3730$81.80$2.07
Jun 20246247625,2934,9930$79.77$2.54
May 20245833774,9394,6290$80.02$2.12
Apr 20247007465,9775,6770$85.35$1.60
Mar 20247347656,5816,2710$81.28$1.49
Feb 20249439598,3038,0130$77.25$1.72
Jan 20247987666,0895,7790$74.15$3.18
Dec 20239019437,4327,1220$71.90$2.52
Nov 20238497537,1586,8580$77.69$2.71
Oct 20238439497,9437,6330$85.64$2.98
Sep 20231,0269499,7509,4500$89.43$2.64
Aug 20231,0371,1328,0547,7440$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

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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