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Texas oil lease

Producing

CHESTER

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

1 well

6,926bbl oil, last 12 months−38% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22428

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
25,179 mcf
Oil in Jul 2026
456 bbl

Production by month

Oil output fell 38% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for CHESTER, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 6,926 bbl in the 12 months through Jul 2026, against 11,237 bbl in the 12 months before.Last 12 months: 6,926 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 38% over the last 12 monthsMonthly oil production and gas for CHESTER, Aug 2023 to Jul 2026. Oil output fell 38% over the last 12 months. 6,926 bbl in the 12 months through Jul 2026, against 11,237 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Jan 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 CHESTER 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 CHESTER 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 CHESTER
API numberWell no.Status
42-287-324151Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2021
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jul 1, 2021

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

Who buys my oilOil price check

184.25 acres on the newest permit

A pooling certificate was filed

Permits for Chester
API numberWell no.Acreson the permit
42-287-324151184.25

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 CHESTER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264563592,4652,4650$80.46$2.89
Jun 20264615442,5292,5290$84.81$3.15
May 20263963651,7791,7790$102.13$2.94
Apr 20264623631,7881,7880$100.32$2.77
Mar 20264805322,0802,0800$91.38$3.04
Feb 20265195371,7161,7160$64.51$3.62
Jan 20264163751,7731,7730$60.04$7.72
Dec 20255065462,0372,0370$57.97$4.26
Nov 20255255452,0372,0370$60.06$3.79
Oct 20256975522,2062,2060$60.89$3.19
Sep 20258859442,3252,3250$63.96$2.97
Aug 20251,1231,0842,4442,4440$64.86$2.91
Jul 20255955651,5111,5110$68.39$3.20
Jun 20253273795325320$68.17$3.02
May 20251,1131,1121,3761,3760$62.17$3.12
Apr 20251,1151,1211,4121,4120$63.54$3.42
Mar 20251,6151,7181,5961,5960$68.24$4.12
Feb 20259347445385380$71.53$4.19
Jan 202548000$75.74$4.13
Dec 20241,3141,6676246240$70.12$3.01
Nov 20241,7791,6529339330$69.95$2.12
Oct 20241,2071,1358558550$71.99$2.20
Sep 20241,1119578328320$70.24$2.28
Aug 20241231941101100$76.68$1.99
Jul 20248589347137130$81.80$2.07
Jun 20249359437697690$79.77$2.54
May 20248197476456450$80.02$2.12
Apr 2024819045450$85.35$1.60
Mar 202420771791790$81.28$1.49
Feb 202470046460$77.25$1.72
Jan 202400000$74.15$3.18
Dec 20230037370$71.90$2.52
Nov 20230035350$77.69$2.71
Oct 202300000$85.64$2.98
Sep 202314116880800$89.43$2.64
Aug 20232423631491490$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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Austin Chalk-3) field

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