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Royalty Clerk

Texas gas well

Producing

COBRA

Cobra is a gas well in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

114,834mcf gas, last 12 months−9% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-286524

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Oil, last 12 months
5,940 bbl
Gas in Jul 2026
12,248 mcf

Production by month

Gas output fell 9% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 9% over the last 12 monthsMonthly gas production and oil for COBRA, Aug 2023 to Jul 2026. Gas output fell 9% over the last 12 months. 114,834 mcf in the 12 months through Jul 2026, against 126,671 mcf in the 12 months before.Last 12 months: 114,834 mcfmcf per monthbbl per month005,00020010k40015k60020k80025k1,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 9% over the last 12 monthsMonthly gas production and oil for COBRA, Aug 2023 to Jul 2026. Gas output fell 9% over the last 12 months. 114,834 mcf in the 12 months through Jul 2026, against 126,671 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00020010k40015k60020k80025k1,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
93% of the gas went to a transmission line in the last 12 monthsShare of COBRA gas by disposition code each month, Aug 2023 to Jul 2026. 93% 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
93% of the gas went to a transmission line in the last 12 monthsShare of COBRA gas by disposition code each month, Aug 2023 to Jul 2026. 93% 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.

  • Transmission line (2)

    93% · 106,227 mcf

  • Lease fuel (1)

    7.5% · 8,607 mcf

Who has run this lease

The operator changed once, most recently in Dec 2022

Operators of this lease over timeRamtex Energy LLC, Jan 2020 to Nov 2022; Magnolia Oil & Gas Operating LLC, Dec 2022 to Jul 20262020202120222023202420252026Changed Dec 2022Ramtex Energy LLCJan 2020 to Nov 2022Magnolia Oil & Gas Operating…Dec 2022 to now
Operators of this lease over timeRamtex Energy LLC, Jan 2020 to Nov 2022; Magnolia Oil & Gas Operating LLC, Dec 2022 to Jul 20262020202120222023202420252026Changed Dec 2022Ramtex Energy LLCJan 2020 to Nov 2022Magnolia Oil & Gas Operating LLCDec 2022 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on COBRA
API numberWell no.Status
42-149-334641HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyCondensateGathers34Oct 1, 2025–
Energy Trans Crude Marketing LLCCondensateGathers33Oct 1, 2025–
Enterprise Crude Oil LLCCondensateGathers33Oct 1, 2025–
Et Gathering & Processing LLCGas-well gasBuys100Oct 1, 2023–
Energy Transfer CompanyGas-well gasGathers100Oct 1, 2023–
Shell Trading (Us) CompanyCondensateGathers100Dec 29, 2022Oct 1, 2025
Ramtex Energy LLCGas-well gasGathers100Jan 12, 2019Oct 1, 2023
Etc Texas P/L, LTDGas-well gasBuys100Jan 12, 2019Oct 1, 2023
Buckhead Midstream, LLCCondensateGathers50May 1, 2020Dec 29, 2022
Shell Trading (Us) CompanyCondensateGathers50May 1, 2020Dec 29, 2022
Shell Trading (Us) CompanyCondensateGathers100Jan 12, 2019May 1, 2020

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

Who buys my oilOil price check

1,693.02 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Cobra
API numberWell no.Acreson the permit
42-149-334641H1,693.02

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 COBRA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil49741812,24812,1920$80.46$2.89
Jun 2026Magnolia Oil4745707,9817,9140$84.81$3.15
May 2026Magnolia Oil4824259,3358,7510$102.13$2.94
Apr 2026Magnolia Oil4134128,9668,6240$100.32$2.77
Mar 2026Magnolia Oil5546028,4508,1730$91.38$3.04
Feb 2026Magnolia Oil4484098,3827,6550$64.51$3.62
Jan 2026Magnolia Oil4194267,7726,8540$60.04$7.72
Dec 2025Magnolia Oil52840410,0048,8910$57.97$4.26
Nov 2025Magnolia Oil5176239,7428,6350$60.06$3.79
Oct 2025Magnolia Oil52440510,0828,9650$60.89$3.19
Sep 2025Magnolia Oil50958110,6799,5600$63.96$2.97
Aug 2025Magnolia Oil57559011,19310,0130$64.86$2.91
Jul 2025Magnolia Oil63759510,8109,7300$68.39$3.20
Jun 2025Magnolia Oil4034118,0637,1640$68.17$3.02
May 2025Magnolia Oil4523859,2658,2930$62.17$3.12
Apr 2025Magnolia Oil5705949,7789,3210$63.54$3.42
Mar 2025Magnolia Oil5935939,3459,1040$68.24$4.12
Feb 2025Magnolia Oil5056029,0318,3320$71.53$4.19
Jan 2025Magnolia Oil4635759,9659,1190$75.74$4.13
Dec 2024Magnolia Oil72560411,67110,7280$70.12$3.01
Nov 2024Magnolia Oil51462211,44210,1830$69.95$2.12
Oct 2024Magnolia Oil61859113,24511,5930$71.99$2.20
Sep 2024Magnolia Oil60957611,75310,0850$70.24$2.28
Aug 2024Magnolia Oil72781612,30310,9100$76.68$1.99
Jul 2024Magnolia Oil88381113,89312,5270$81.80$2.07
Jun 2024Magnolia Oil67578313,43612,1250$79.77$2.54
May 2024Magnolia Oil75061013,09011,6130$80.02$2.12
Apr 2024Magnolia Oil68778914,06212,4990$85.35$1.60
Mar 2024Magnolia Oil81367716,81415,2850$81.28$1.49
Feb 2024Magnolia Oil85782322,00920,9350$77.25$1.72
Jan 2024Magnolia Oil67083115,41314,5340$74.15$3.18
Dec 2023Magnolia Oil91166215,10814,2840$71.90$2.52
Nov 2023Magnolia Oil4405899,0788,2220$77.69$2.71
Oct 2023Magnolia Oil82285116,34715,2500$85.64$2.98
Sep 2023Magnolia Oil9461,01017,75416,7010$89.43$2.64
Aug 2023Magnolia Oil67864615,58614,4890$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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