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Texas oil lease

Producing

BI-COUNTY UNIT 1

Bi-County Unit 1 is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

4,175bbl oil, last 12 months−32% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22831

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
2,851 mcf
Oil in Jul 2026
337 bbl

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for BI-COUNTY UNIT 1, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 4,175 bbl in the 12 months through Jul 2026, against 6,110 bbl in the 12 months before.Last 12 months: 4,175 bblbbl per monthmcf per month00200504001006001508002001,000250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for BI-COUNTY UNIT 1, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 4,175 bbl in the 12 months through Jul 2026, against 6,110 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 BI-COUNTY UNIT 1 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 UNIT 1 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 UNIT 1
API numberWell no.Status
42-051-334691Active

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

680 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 Bi-County Unit 1
API numberWell no.Acreson the permit
42-051-334691680

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 UNIT 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil33735424000$80.46$2.89
Jun 2026Magnolia Oil30534923400$84.81$3.15
May 2026Magnolia Oil36336124800$102.13$2.94
Apr 2026Magnolia Oil23917924000$100.32$2.77
Mar 2026Magnolia Oil30835724800$91.38$3.04
Feb 2026Magnolia Oil38653722400$64.51$3.62
Jan 2026Magnolia Oil26817624800$60.04$7.72
Dec 2025Magnolia Oil22017819300$57.97$4.26
Nov 2025Magnolia Oil43235624000$60.06$3.79
Oct 2025Magnolia Oil44053624800$60.89$3.19
Sep 2025Magnolia Oil43836524000$63.96$2.97
Aug 2025Magnolia Oil43953224800$64.86$2.91
Jul 2025Magnolia Oil49155224800$68.39$3.20
Jun 2025Magnolia Oil41636624000$68.17$3.02
May 2025Magnolia Oil53153324000$62.17$3.12
Apr 2025Magnolia Oil46842824000$63.54$3.42
Mar 2025Magnolia Oil54953924800$68.24$4.12
Feb 2025Magnolia Oil53253122400$71.53$4.19
Jan 2025Magnolia Oil31536015200$75.74$4.13
Dec 2024Magnolia Oil47553618700$70.12$3.01
Nov 2024Magnolia Oil56254024000$69.95$2.12
Oct 2024Magnolia Oil61452424800$71.99$2.20
Sep 2024Magnolia Oil57653920500$70.24$2.28
Aug 2024Magnolia Oil58171024800$76.68$1.99
Jul 2024Magnolia Oil63251724800$81.80$2.07
Jun 2024Magnolia Oil62870823400$79.77$2.54
May 2024Magnolia Oil69853624800$80.02$2.12
Apr 2024Magnolia Oil67289424000$85.35$1.60
Mar 2024Magnolia Oil65253924400$81.28$1.49
Feb 2024Magnolia Oil65471023200$77.25$1.72
Jan 2024Magnolia Oil54655024800$74.15$3.18
Dec 2023Magnolia Oil50552524800$71.90$2.52
Nov 2023LRR Pecos62853624000$77.69$2.71
Oct 2023LRR Pecos66770724400$85.64$2.98
Sep 2023LRR Pecos79172524000$89.43$2.64
Aug 2023LRR Pecos72871724800$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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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