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Texas oil lease

Producing

BI - COUNTY

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

1 well

1,446bbl oil, last 12 months−10% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23742

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
2,920 mcf
Oil in Jul 2026
110 bbl

Production by month

Oil output fell 10% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for BI - COUNTY, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 1,446 bbl in the 12 months through Jul 2026, against 1,608 bbl in the 12 months before.Last 12 months: 1,446 bblbbl per monthmcf per month005050100100150150200200250250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for BI - COUNTY, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 1,446 bbl in the 12 months through Jul 2026, against 1,608 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 BI - COUNTY 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 BI - COUNTY 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 BI - COUNTY
API numberWell no.Status
42-051-335754Active

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

252.09 acres on the newest permit

A pooling certificate was filed

Permits for Bi - County
API numberWell no.Acreson the permit
42-051-335754252.09

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 BI - COUNTY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil11017224800$80.46$2.89
Jun 2026Magnolia Oil11117524000$84.81$3.15
May 2026Magnolia Oil114024800$102.13$2.94
Apr 2026Magnolia Oil11217924000$100.32$2.77
Mar 2026Magnolia Oil12117824800$91.38$3.04
Feb 2026Magnolia Oil118022400$64.51$3.62
Jan 2026Magnolia Oil12517024800$60.04$7.72
Dec 2025Magnolia Oil13217224800$57.97$4.26
Nov 2025Magnolia Oil123024000$60.06$3.79
Oct 2025Magnolia Oil12917424800$60.89$3.19
Sep 2025Magnolia Oil12417824000$63.96$2.97
Aug 2025Magnolia Oil12717824800$64.86$2.91
Jul 2025Magnolia Oil133024800$68.39$3.20
Jun 2025Magnolia Oil12618024000$68.17$3.02
May 2025Magnolia Oil14516724800$62.17$3.12
Apr 2025Magnolia Oil11817224000$63.54$3.42
Mar 2025Magnolia Oil149024800$68.24$4.12
Feb 2025Magnolia Oil11517319200$71.53$4.19
Jan 2025Magnolia Oil15817424800$75.74$4.13
Dec 2024Magnolia Oil15617924800$70.12$3.01
Nov 2024Magnolia Oil13818220800$69.95$2.12
Oct 2024Magnolia Oil10008800$71.99$2.20
Sep 2024Magnolia Oil12516922400$70.24$2.28
Aug 2024Magnolia Oil14516824800$76.68$1.99
Jul 2024Magnolia Oil14217824800$81.80$2.07
Jun 2024Magnolia Oil15617524000$79.77$2.54
May 2024Magnolia Oil157024800$80.02$2.12
Apr 2024Magnolia Oil15717924000$85.35$1.60
Mar 2024Magnolia Oil18017524800$81.28$1.49
Feb 2024Magnolia Oil10416716000$77.25$1.72
Jan 2024Magnolia Oil18417620000$74.15$3.18
Dec 2023Magnolia Oil13717724800$71.90$2.52
Nov 2023LRR Pecos190183000$77.69$2.71
Oct 2023LRR Pecos183173000$85.64$2.98
Sep 2023LRR Pecos173177000$89.43$2.64
Aug 2023LRR Pecos187176000$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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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