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Texas oil lease

Producing

BERETTA UNIT

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

1 well

611bbl oil, last 12 months−31% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23447

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
2,313 mcf
Oil in Jul 2026
47 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for BERETTA UNIT, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 611 bbl in the 12 months through Jul 2026, against 882 bbl in the 12 months before.Last 12 months: 611 bblbbl per monthmcf per month005050100100150150200200250250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for BERETTA UNIT, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 611 bbl in the 12 months through Jul 2026, against 882 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005050100100150150200200250250Jan 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 BERETTA 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 BERETTA 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 BERETTA UNIT
API numberWell no.Status
42-331-334751Active

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–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

671.10 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

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

Check your decimal on this lease
Permits for Beretta Unit
API numberWell no.Acreson the permit
42-331-334751671.10

SourceRailroad Commission drilling permits, Oct 3, 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 BERETTA UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil4718024800$80.46$2.89
Jun 2026Magnolia Oil45020300$84.81$3.15
May 2026Magnolia Oil38016200$102.13$2.94
Apr 2026Magnolia Oil52023200$100.32$2.77
Mar 2026Magnolia Oil7617123200$91.38$3.04
Feb 2026Magnolia Oil201600$64.51$3.62
Jan 2026Magnolia Oil47019200$60.04$7.72
Dec 2025Magnolia Oil6517424800$57.97$4.26
Nov 2025Magnolia Oil82024000$60.06$3.79
Oct 2025Magnolia Oil43012200$60.89$3.19
Sep 2025Magnolia Oil3717017800$63.96$2.97
Aug 2025Magnolia Oil77124000$64.86$2.91
Jul 2025Magnolia Oil55018700$68.39$3.20
Jun 2025Magnolia Oil12418324000$68.17$3.02
May 2025Magnolia Oil48013400$62.17$3.12
Apr 2025Magnolia Oil32015800$63.54$3.42
Mar 2025Magnolia Oil6317413600$68.24$4.12
Feb 2025Magnolia Oil60013100$71.53$4.19
Jan 2025Magnolia Oil54021200$75.74$4.13
Dec 2024Magnolia Oil10917624800$70.12$3.01
Nov 2024Magnolia Oil8417418100$69.95$2.12
Oct 2024Magnolia Oil80013300$71.99$2.20
Sep 2024Magnolia Oil64023200$70.24$2.28
Aug 2024Magnolia Oil10917724800$76.68$1.99
Jul 2024Magnolia Oil14518424800$81.80$2.07
Jun 2024Magnolia Oil1023300$79.77$2.54
May 2024Magnolia Oil8119600$80.02$2.12
Apr 2024Magnolia Oil00000$85.35$1.60
Mar 2024Magnolia Oil22917919300$81.28$1.49
Feb 2024Magnolia Oil8113600$77.25$1.72
Jan 2024Magnolia Oil018800$74.15$3.18
Dec 2023Magnolia Oil71012800$71.90$2.52
Nov 2023LRR Pecos18517724000$77.69$2.71
Oct 2023LRR Pecos19035724800$85.64$2.98
Sep 2023LRR Pecos22017420100$89.43$2.64
Aug 2023LRR Pecos00000$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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Nearby

This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Austin Chalk-3) field

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