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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 26733

Producing

CARDINAL UNIT

Cardinal Unit is an oil lease in Washington County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 1,527 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,527bbl oil, last 12 months−35% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Washington County
Field
Giddings (Austin Chalk-3)
RRC lease
03-26733

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Where it sits

This county

Washington CountyWashingtonFayetteBrazosBurlesonLeeAustinWallerGrimesMilamWashington County
Washington County · RRC district 03Open Washington County →
Gas, last 12 months
17,062 mcf
Oil in Jul 2026
48 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 35% over the last 12 months

1,527 bbl in the 12 months through Jul 2026, against 2,361 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for CARDINAL UNIT, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 1,527 bbl in the 12 months through Jul 2026, against 2,361 bbl in the 12 months before.Last 12 months: 1,527 bblbbl per monthmcf per month002002,5004005,0006007,50080010k1,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 35% over the last 12 monthsMonthly oil production and gas for CARDINAL UNIT, Aug 2023 to Jul 2026. Oil output fell 35% over the last 12 months. 1,527 bbl in the 12 months through Jul 2026, against 2,361 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002,5004005,0006007,50080010k1,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 26733, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of CARDINAL 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 CARDINAL 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, gas disposition by code, lease 26733, district 03. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Magnolia Oil & Gas Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating LLCJan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 26733 in district 03. The API number is the state’s ID for a well.
Wells on CARDINAL UNIT
API numberWell no.Status
42-477-310011Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 26733.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Energy Transfer Marketing & Term, Enterprise Crude Oil LLC, Flint Hills Resources, LP and Shell Trading (Us) Company gather it.

    Energy Transfer Marketing & Term gathers it: 25% of it, on the list since Dec 1, 2022 · Enterprise Crude Oil LLC gathers it: 25% of it, on the list since May 11, 2018 · Flint Hills Resources, LP gathers it: 25% of it, on the list since May 11, 2018 · Shell Trading (Us) Company gathers it: 25% of it, on the list since May 11, 2018

  • Gas from oil wells

    Dcp Operating Company, LP buys and gathers it.

    Dcp Operating Company, LP buys it: 100% of it, on the list since Apr 1, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

878.31 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Oct 21, 2013
Latest permit
Jun 21, 2013
Wells and acres on the permits for Cardinal Unit
API numberWell no.Acreson the permit
42-477-310011878.31

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says CARDINAL UNIT sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for CARDINAL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil4802122120$80.46$2.89
Jun 2026Magnolia Oil00000$84.81$3.15
May 2026Magnolia Oil3805135130$102.13$2.94
Apr 2026Magnolia Oil30000$100.32$2.77
Mar 2026Magnolia Oil00000$91.38$3.04
Feb 2026Magnolia Oil20000$64.51$3.62
Jan 2026Magnolia Oil00000$60.04$7.72
Dec 2025Magnolia Oil5715115110$57.97$4.26
Nov 2025Magnolia Oil2423482,6442,6440$60.06$3.79
Oct 2025Magnolia Oil2931913,2673,2670$60.89$3.19
Sep 2025Magnolia Oil3404923,9573,9570$63.96$2.97
Aug 2025Magnolia Oil5043655,9585,9580$64.86$2.91
Jul 2025Magnolia Oil6237296,8456,8450$68.39$3.20
Jun 2025Magnolia Oil10000$68.17$3.02
May 2025Magnolia Oil00000$62.17$3.12
Apr 2025Magnolia Oil12701,4271,4270$63.54$3.42
Mar 2025Magnolia Oil1521882,1012,1010$68.24$4.12
Feb 2025Magnolia Oil2341721,5091,5090$71.53$4.19
Jan 2025Magnolia Oil1146000$75.74$4.13
Dec 2024Magnolia Oil10806526520$70.12$3.01
Nov 2024Magnolia Oil3023562,1282,1280$69.95$2.12
Oct 2024Magnolia Oil2501891,5801,5800$71.99$2.20
Sep 2024Magnolia Oil2703651,9001,9000$70.24$2.28
Aug 2024Magnolia Oil2933672,8312,8310$76.68$1.99
Jul 2024Magnolia Oil2691882,9852,9850$81.80$2.07
Jun 2024Magnolia Oil3513503,2583,2580$79.77$2.54
May 2024Magnolia Oil4643604,5854,5850$80.02$2.12
Apr 2024Magnolia Oil1071849909900$85.35$1.60
Mar 2024Magnolia Oil4775484,6664,6660$81.28$1.49
Feb 2024Magnolia Oil5045485,3625,3620$77.25$1.72
Jan 2024Magnolia Oil3211843,3723,3720$74.15$3.18
Dec 2023Magnolia Oil1013130$71.90$2.52
Nov 2023Magnolia Oil549000$77.69$2.71
Oct 2023Magnolia Oil12000$85.64$2.98
Sep 2023Magnolia Oil5435396,8176,8170$89.43$2.64
Aug 2023Magnolia Oil84491810,93910,9390$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Washington County

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Giddings (Austin Chalk-3) field

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Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 26733, district 03, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.