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Texas oil lease

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CREED 1

Creed 1 is an oil lease in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

0bbl oil, last 12 months
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27998

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Oil in Jun 2026
0 bbl
Reporting since
Mar 2022

Checks stopped on this lease?

  • Sales

    No sales reported for the last 12 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 lease

Production by month

No production to chart

The state shows zero oil and zero gas for all 35 months we hold (Aug 2023 to Jul 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed once, most recently in Dec 2022

Operators of this lease over timeRamtex Energy LLC, Mar 2022 to Nov 2022; Magnolia Oil & Gas Operating LLC, Dec 2022 to Jun 20262023202420252026Changed Dec 2022Ramtex Energy LLCMar 2022 to Nov 2022Magnolia Oil & Gas Operating…Dec 2022 to now
Operators of this lease over timeRamtex Energy LLC, Mar 2022 to Nov 2022; Magnolia Oil & Gas Operating LLC, Dec 2022 to Jun 20262023202420252026Changed Dec 2022Ramtex Energy LLCMar 2022 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 CREED 1
API numberWell no.Status
42-149-335331HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Mar 25, 2022–
Et Gathering & Processing LLCCasinghead gasBuys100Oct 1, 2023–
Energy Transfer CompanyCasinghead gasGathers100Oct 1, 2023–
Ramtex Energy LLCCasinghead gasGathers100Mar 25, 2022Oct 1, 2023
Etc Texas P/L, LTDCasinghead gasBuys100Mar 25, 2022Oct 1, 2023

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

Who buys my oilOil price check

1,687.71 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.

  • 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.

Check your decimal on this lease
Permits for Creed 1
API numberWell no.Acreson the permit
42-149-335331H1,687.71

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 CREED 1
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Jul 2026No report––$80.46$2.89
Jun 2026Magnolia Oil00$84.81$3.15
May 2026Magnolia Oil00$102.13$2.94
Apr 2026Magnolia Oil00$100.32$2.77
Mar 2026Magnolia Oil00$91.38$3.04
Feb 2026Magnolia Oil00$64.51$3.62
Jan 2026Magnolia Oil00$60.04$7.72
Dec 2025Magnolia Oil00$57.97$4.26
Nov 2025Magnolia Oil00$60.06$3.79
Oct 2025Magnolia Oil00$60.89$3.19
Sep 2025Magnolia Oil00$63.96$2.97
Aug 2025Magnolia Oil00$64.86$2.91
Jul 2025Magnolia Oil00$68.39$3.20
Jun 2025Magnolia Oil00$68.17$3.02
May 2025Magnolia Oil00$62.17$3.12
Apr 2025Magnolia Oil00$63.54$3.42
Mar 2025Magnolia Oil00$68.24$4.12
Feb 2025Magnolia Oil00$71.53$4.19
Jan 2025Magnolia Oil00$75.74$4.13
Dec 2024Magnolia Oil00$70.12$3.01
Nov 2024Magnolia Oil00$69.95$2.12
Oct 2024Magnolia Oil00$71.99$2.20
Sep 2024Magnolia Oil00$70.24$2.28
Aug 2024Magnolia Oil00$76.68$1.99
Jul 2024Magnolia Oil00$81.80$2.07
Jun 2024Magnolia Oil00$79.77$2.54
May 2024Magnolia Oil00$80.02$2.12
Apr 2024Magnolia Oil00$85.35$1.60
Mar 2024Magnolia Oil00$81.28$1.49
Feb 2024Magnolia Oil00$77.25$1.72
Jan 2024Magnolia Oil00$74.15$3.18
Dec 2023Magnolia Oil00$71.90$2.52
Nov 2023Magnolia Oil00$77.69$2.71
Oct 2023Magnolia Oil00$85.64$2.98
Sep 2023Magnolia Oil00$89.43$2.64
Aug 2023Magnolia Oil00$81.39$2.58

No report filed

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

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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Giddings (Austin Chalk-3) field

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