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Texas oil lease

Producing

BULLARD-LEHMANN UNIT

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

1 well

1,516bbl oil, last 12 months−14% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21732

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
10,929 mcf
Oil in Jul 2026
132 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for BULLARD-LEHMANN UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,516 bbl in the 12 months through Jul 2026, against 1,764 bbl in the 12 months before.Last 12 months: 1,516 bblbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for BULLARD-LEHMANN UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,516 bbl in the 12 months through Jul 2026, against 1,764 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of BULLARD-LEHMANN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 a transmission line in the last 12 monthsShare of BULLARD-LEHMANN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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.

1 well on this lease

Wells on BULLARD-LEHMANN UNIT
API numberWell no.Status
42-149-326641Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005

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

Who buys my oilOil price check

357.94 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 Bullard-Lehmann Unit
API numberWell no.Acreson the permit
42-149-326641357.94

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 BULLARD-LEHMANN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261321859229220$80.46$2.89
Jun 20261451899139130$84.81$3.15
May 202615518768760$102.13$2.94
Apr 20261201888848840$100.32$2.77
Mar 20262121861,3991,3990$91.38$3.04
Feb 20264202122120$64.51$3.62
Jan 2026921827467460$60.04$7.72
Dec 202511311,0041,0040$57.97$4.26
Nov 20251391909919910$60.06$3.79
Oct 20251101798248240$60.89$3.19
Sep 202511419809800$63.96$2.97
Aug 20251421921,1781,1780$64.86$2.91
Jul 20251381901,1521,1520$68.39$3.20
Jun 202514701,1531,1530$68.17$3.02
May 20251551831,1801,1800$62.17$3.12
Apr 20251281871,0501,0500$63.54$3.42
Mar 20251611921,1661,1660$68.24$4.12
Feb 20251401891,0731,0730$71.53$4.19
Jan 202513501,0651,0650$75.74$4.13
Dec 20241711871,2031,2030$70.12$3.01
Nov 20241511731,1621,1620$69.95$2.12
Oct 20241361791,1161,1160$71.99$2.20
Sep 20241601871,3031,3030$70.24$2.28
Aug 20241421911,2931,2930$76.68$1.99
Jul 202414701,1451,1450$81.80$2.07
Jun 20241271881,0571,0570$79.77$2.54
May 20241511831,3701,3700$80.02$2.12
Apr 20241401841,2451,2450$85.35$1.60
Mar 20241581901,2871,2870$81.28$1.49
Feb 202410908628620$77.25$1.72
Jan 20241561851,2011,2010$74.15$3.18
Dec 20231661671,1381,1380$71.90$2.52
Nov 20231471891,2411,2410$77.69$2.71
Oct 202317001,3421,3420$85.64$2.98
Sep 20231031871,2471,2470$89.43$2.64
Aug 20231401901,2581,2580$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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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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