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Texas oil lease

Producing

CONAN UNIT

Conan 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

24,941bbl oil, last 12 months+406% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22943

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
92,251 mcf
Oil in Jul 2026
1,834 bbl

Production by month

Oil output rose 406% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 406% over the last 12 monthsMonthly oil production and gas for CONAN UNIT, Aug 2023 to Jul 2026. Oil output rose 406% over the last 12 months. 24,941 bbl in the 12 months through Jul 2026, against 4,931 bbl in the 12 months before.Last 12 months: 24,941 bblbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 406% over the last 12 monthsMonthly oil production and gas for CONAN UNIT, Aug 2023 to Jul 2026. Oil output rose 406% over the last 12 months. 24,941 bbl in the 12 months through Jul 2026, against 4,931 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0005,0004,00010k6,00015k8,00020k10k25kJan 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 CONAN 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 CONAN 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 CONAN UNIT
API numberWell no.Status
42-149-329931Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers90Jan 1, 2023–
Enterprise Crude Oil LLCOilGathers5Jan 1, 2023–
Shell Trading (Us) CompanyOilGathers5Jan 1, 2023–
Energy Transfer CompanyCasinghead gasBuys100Jan 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005–
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018Jan 1, 2023
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015Jan 1, 2023

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

Who buys my oilOil price check

613.86 acres on the newest permit

A pooling certificate was filed

Permits for Conan Unit
API numberWell no.Acreson the permit
42-149-329931613.86

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 CONAN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,8342,0467,3737,3730$80.46$2.89
Jun 20261,9381,9137,3967,3960$84.81$3.15
May 20262,2822,2258,5138,5130$102.13$2.94
Apr 20262,6982,5889,2929,2920$100.32$2.77
Mar 20262,9203,00510,90910,9090$91.38$3.04
Feb 20263,0312,97611,79511,7950$64.51$3.62
Jan 20265,8196,12321,19121,1910$60.04$7.72
Dec 20254,1383,88313,70913,7090$57.97$4.26
Nov 20250072720$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202500000$63.96$2.97
Aug 20252813742,0012,0010$64.86$2.91
Jul 20253601922,7202,7200$68.39$3.20
Jun 20253223662,7572,7570$68.17$3.02
May 20253793803,2343,2340$62.17$3.12
Apr 20254263873,2793,2790$63.54$3.42
Mar 20255365814,1404,1400$68.24$4.12
Feb 20258677605,9735,9730$71.53$4.19
Jan 20250191000$75.74$4.13
Dec 20243401811,7851,7850$70.12$3.01
Nov 20242433841,6331,6330$69.95$2.12
Oct 20244923823,7353,7350$71.99$2.20
Sep 20244495633,1363,1360$70.24$2.28
Aug 20245175632,5172,5170$76.68$1.99
Jul 20241,0189256,9856,9850$81.80$2.07
Jun 20241,1701,1346,3156,3150$79.77$2.54
May 20246767624,2314,2310$80.02$2.12
Apr 20241,5941,5147,9557,9550$85.35$1.60
Mar 20241,6281,7268,5688,5680$81.28$1.49
Feb 20241,5961,5459,0989,0980$77.25$1.72
Jan 20241,9001,9278,2058,2050$74.15$3.18
Dec 20234623891,9811,9810$71.90$2.52
Nov 20230084840$77.69$2.71
Oct 20230025250$85.64$2.98
Sep 20233273851,8491,8490$89.43$2.64
Aug 20235155762,2422,2420$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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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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