Texas oil lease
Shut inBURTON-WELLS UNIT
Burton-Wells 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
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Milam County
- RRC lease
- 03-23279
Is your check right?
Where it sits
This county
- Oil in Jul 2026
- 0 bbl
- Reporting since
- Jan 2020
Checks stopped on this lease?
- Sales
No sales reported for the last 11 months of state data (through Jul 2026).
SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.
See why checks stop on this leaseProduction by month
Oil output fell 99% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
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
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Who has run this lease
The operator changed 2 times, most recently in Dec 2023
- Magnolia Oil & Gas Operating LLC Dec 2023 to now
- LRR Pecos Valley, LLC Dec 2021 to Nov 2023
- Treadstone Energy Prtnr Op, LLC Jan 2020 to Nov 2021
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-331-33476 | 1 | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Energy Trans Crude Marketing LLC | Oil | Gathers | 75 | Jul 1, 2021 | – |
| 4J Energy, LLC | Oil | Gathers | 25 | Jul 1, 2021 | – |
| Energy Transfer Company | Casinghead gas | Buys | 100 | Nov 1, 2016 | – |
| Energy Transfer Company | Casinghead gas | Gathers | 100 | Jan 1, 2006 | – |
| Buckhead Midstream, LLC | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Shell Trading (Us) Company | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Sunoco Ptnrs. Mktg.&terminals LP | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Texican Crude&hydrocarbons, LLC | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Buckhead Midstream, LLC | Oil | Gathers | 20 | Jun 1, 2020 | Jul 1, 2020 |
| Shell Trading (Us) Company | Oil | Gathers | 70 | Jun 1, 2020 | Jul 1, 2020 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
757.36 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.
- Worth asking
A Rule 37 case is listed
The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-331-33476 | 1 | Feb 24, 1997 | Jun 15, 1997 | 757.36 |
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $80.46 | $2.89 |
| Jun 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $84.81 | $3.15 |
| May 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Magnolia Oil | 1 | 1 | 0 | 0 | 0 | $64.86 | $2.91 |
| Jul 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $68.39 | $3.20 |
| Jun 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $68.17 | $3.02 |
| May 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Magnolia Oil | 25 | 0 | 56 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Magnolia Oil | 17 | 175 | 152 | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Magnolia Oil | 9 | 0 | 152 | 0 | 0 | $69.95 | $2.12 |
| Oct 2024Magnolia Oil | 11 | 0 | 139 | 0 | 0 | $71.99 | $2.20 |
| Sep 2024Magnolia Oil | 4 | 0 | 120 | 0 | 0 | $70.24 | $2.28 |
| Aug 2024Magnolia Oil | 5 | 0 | 113 | 0 | 0 | $76.68 | $1.99 |
| Jul 2024Magnolia Oil | 7 | 0 | 128 | 0 | 0 | $81.80 | $2.07 |
| Jun 2024Magnolia Oil | 11 | 0 | 147 | 0 | 0 | $79.77 | $2.54 |
| May 2024Magnolia Oil | 10 | 0 | 152 | 0 | 0 | $80.02 | $2.12 |
| Apr 2024Magnolia Oil | 13 | 0 | 148 | 0 | 0 | $85.35 | $1.60 |
| Mar 2024Magnolia Oil | 34 | 0 | 185 | 0 | 0 | $81.28 | $1.49 |
| Feb 2024Magnolia Oil | 35 | 0 | 232 | 0 | 0 | $77.25 | $1.72 |
| Jan 2024Magnolia Oil | 18 | 0 | 225 | 0 | 0 | $74.15 | $3.18 |
| Dec 2023Magnolia Oil | 19 | 169 | 217 | 0 | 0 | $71.90 | $2.52 |
| Nov 2023LRR Pecos | 40 | 0 | 0 | 0 | 0 | $77.69 | $2.71 |
| Oct 2023LRR Pecos | 34 | 0 | 0 | 0 | 0 | $85.64 | $2.98 |
| Sep 2023LRR Pecos | 30 | 0 | 0 | 0 | 0 | $89.43 | $2.64 |
| Aug 2023LRR Pecos | 34 | 0 | 0 | 0 | 0 | $81.39 | $2.58 |
SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.
How to check your stub against this lease Checks stopped on this lease? See the likely reasonsDo your checks match this lease?
Nearby
This lease belongs to
Magnolia Oil & Gas Operating LLC in Milam County
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