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Royalty Clerk

Texas gas well

Producing

CREED 1

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

Gas well dossier

71,337mcf gas, last 12 months−18% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-301849

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Oil, last 12 months
8,082 bbl
Gas in Jul 2026
5,547 mcf

Production by month

Gas output fell 18% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 18% over the last 12 monthsMonthly gas production and oil for CREED 1, Aug 2023 to Jul 2026. Gas output fell 18% over the last 12 months. 71,337 mcf in the 12 months through Jul 2026, against 86,666 mcf in the 12 months before.Last 12 months: 71,337 mcfmcf per monthbbl per month005,00050010k1,00015k1,50020k2,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 18% over the last 12 monthsMonthly gas production and oil for CREED 1, Aug 2023 to Jul 2026. Gas output fell 18% over the last 12 months. 71,337 mcf in the 12 months through Jul 2026, against 86,666 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00050010k1,00015k1,50020k2,000Jan 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

  • Transmission line (2)
  • Flared (4)
All of the gas went to a transmission line in the last 12 monthsShare of CREED 1 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 CREED 1 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.

  • Transmission line (2)

    100% · 71,313 mcf

  • Flared (4)

    0.0% · 24 mcf

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyCondensateGathers100Mar 25, 2022
Et Gathering & Processing LLCGas-well gasBuys100Mar 25, 2022
Energy Transfer CompanyGas-well gasGathers100Mar 25, 2022

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 soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266396145,5475,5434$80.46$2.89
Jun 20267328316,1286,1280$84.81$3.15
May 20266515996,0726,0720$102.13$2.94
Apr 20266326134,5924,5875$100.32$2.77
Mar 20266716415,4355,4350$91.38$3.04
Feb 20266658335,1715,1710$64.51$3.62
Jan 20265374535,5145,5140$60.04$7.72
Dec 20256735965,9215,9201$57.97$4.26
Nov 20256236155,7995,7954$60.06$3.79
Oct 20258899676,8736,8703$60.89$3.19
Sep 20256226276,5796,5772$63.96$2.97
Aug 20257488077,7067,7015$64.86$2.91
Jul 20256575896,4886,4880$68.39$3.20
Jun 20256956256,9806,9800$68.17$3.02
May 20258058317,4137,4130$62.17$3.12
Apr 20258429097,0267,0242$63.54$3.42
Mar 20258641,0047,9207,9137$68.24$4.12
Feb 20251,1591,02713,71213,69814$71.53$4.19
Jan 20251,0341,1465,9615,9574$75.74$4.13
Dec 20248819736,4126,40210$70.12$3.01
Nov 20241,1579517,2667,24323$69.95$2.12
Oct 20248377746,7416,7338$71.99$2.20
Sep 20247677755,0875,06720$70.24$2.28
Aug 20249319625,6605,545115$76.68$1.99
Jul 20241,0209856,1516,050101$81.80$2.07
Jun 20241,0061,1414,7964,70195$79.77$2.54
May 20241,2211,1075,8075,664143$80.02$2.12
Apr 20241,1111,3175,9205,794126$85.35$1.60
Mar 20241,0839806,8836,713170$81.28$1.49
Feb 20241,3851,3437,8377,652185$77.25$1.72
Jan 20241,1841,3245,3725,256116$74.15$3.18
Dec 20231,4761,5408,7018,489212$71.90$2.52
Nov 20231,2091,3607,3367,232104$77.69$2.71
Oct 20231,5661,39716,86216,717145$85.64$2.98
Sep 20231,9771,90817,97917,9790$89.43$2.64
Aug 20231,1151,18312,75512,7550$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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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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