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Texas oil lease

Producing

BELUGA UNIT

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

1 well

4,306bbl oil, last 12 months−37% vs prior year
RRC lease
03-24138

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
2,353 mcf
Oil in Jul 2026
75 bbl

Production by month

Oil output fell 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for BELUGA UNIT, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 4,306 bbl in the 12 months through Jul 2026, against 6,850 bbl in the 12 months before.Last 12 months: 4,306 bblbbl per monthmcf per month00200504001006001508002001,000250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for BELUGA UNIT, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 4,306 bbl in the 12 months through Jul 2026, against 6,850 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200504001006001508002001,000250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to lease fuel in the last 12 months

All of the gas went to lease fuel in the last 12 monthsShare of BELUGA UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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 lease fuel in the last 12 monthsShare of BELUGA UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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.

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on BELUGA UNIT
API numberWell no.Status
42-051-336011Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
4J Energy, LLCOilGathers10Feb 1, 2021Jul 1, 2021
Flint Hills Resources, LPOilGathers10Feb 1, 2021Jul 1, 2021
Shell Trading (Us) CompanyOilGathers10Feb 1, 2021Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers70Feb 1, 2021Jul 1, 2021
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Feb 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Feb 1, 2021

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

966.94 acres on the newest permit

A pooling certificate was filed

Permits for Beluga Unit
API numberWell no.Acreson the permit
42-051-336011966.94

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

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 BELUGA UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil7506700$80.46$2.89
Jun 2026Magnolia Oil1291797200$84.81$3.15
May 2026Magnolia Oil42335920200$102.13$2.94
Apr 2026Magnolia Oil42353919900$100.32$2.77
Mar 2026Magnolia Oil31717919900$91.38$3.04
Feb 2026Magnolia Oil52153422400$64.51$3.62
Jan 2026Magnolia Oil41754922700$60.04$7.72
Dec 2025Magnolia Oil35736224800$57.97$4.26
Nov 2025Magnolia Oil23718018700$60.06$3.79
Oct 2025Magnolia Oil46235724200$60.89$3.19
Sep 2025Magnolia Oil43253724000$63.96$2.97
Aug 2025Magnolia Oil51354124600$64.86$2.91
Jul 2025Magnolia Oil52553724400$68.39$3.20
Jun 2025Magnolia Oil51654624000$68.17$3.02
May 2025Magnolia Oil46235423700$62.17$3.12
Apr 2025Magnolia Oil47553524000$63.54$3.42
Mar 2025Magnolia Oil58653324800$68.24$4.12
Feb 2025Magnolia Oil69069722400$71.53$4.19
Jan 2025Magnolia Oil43935720000$75.74$4.13
Dec 2024Magnolia Oil58372024800$70.12$3.01
Nov 2024Magnolia Oil58651724000$69.95$2.12
Oct 2024Magnolia Oil65870124800$71.99$2.20
Sep 2024Magnolia Oil59653023700$70.24$2.28
Aug 2024Magnolia Oil73471323400$76.68$1.99
Jul 2024Magnolia Oil48252917200$81.80$2.07
Jun 2024Magnolia Oil77287824000$79.77$2.54
May 2024Magnolia Oil54552919900$80.02$2.12
Apr 2024Magnolia Oil63769224000$85.35$1.60
Mar 2024Magnolia Oil61454324000$81.28$1.49
Feb 2024Magnolia Oil56452423200$77.25$1.72
Jan 2024Magnolia Oil58052224800$74.15$3.18
Dec 2023Magnolia Oil52554124800$71.90$2.52
Nov 2023LRR Pecos55054824000$77.69$2.71
Oct 2023LRR Pecos52553424800$85.64$2.98
Sep 2023LRR Pecos51652724000$89.43$2.64
Aug 2023LRR Pecos52552824800$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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