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Texas oil lease

Producing

CUTTER

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

1 well

14,018bbl oil, last 12 months−27% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27966

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
63,160 mcf
Oil in Jul 2026
1,172 bbl

Production by month

Oil output fell 27% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CUTTER, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 14,018 bbl in the 12 months through Jul 2026, against 19,269 bbl in the 12 months before.Last 12 months: 14,018 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for CUTTER, Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 14,018 bbl in the 12 months through Jul 2026, against 19,269 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

54% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Nov 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
54% of the gas went to a transmission line in the last 12 monthsShare of CUTTER gas by disposition code each month, Aug 2023 to Jul 2026. 54% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
54% of the gas went to a transmission line in the last 12 monthsShare of CUTTER gas by disposition code each month, Aug 2023 to Jul 2026. 54% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    54% · 34,185 mcf

  • Flared (4)

    45% · 28,288 mcf

  • Lease fuel (1)

    1.1% · 687 mcf

44.8% of the gas flared in the last 12 months. 35 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Dec 2021 to Dec 2021; LRR Pecos Valley, LLC, Feb 2022 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Feb 2022Changed Dec 2023Treadstone Energy Prtnr Op, L…Dec 2021 to Dec 2021LRR Pecos Valley, LLCFeb 2022 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Dec 2021 to Dec 2021; LRR Pecos Valley, LLC, Feb 2022 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Feb 2022Changed Dec 2023Treadstone Energy Prtnr Op, LLCDec 2021 to Dec 2021LRR Pecos Valley, LLCFeb 2022 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on CUTTER
API numberWell no.Status
42-331-351101HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75Jan 1, 2022
4J Energy, LLCOilGathers25Jan 1, 2022
Energy Transfer CompanyCasinghead gasBuys100Jan 1, 2022
Energy Transfer CompanyCasinghead gasGathers100Jan 1, 2022

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

Who buys my oilOil price check

1,183.32 acres on the newest permit

An allocation well is on this lease

Permits for Cutter
API numberWell no.Acreson the permit
42-331-351101HA1,183.32

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 CUTTER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil1,1721,2575,9035,524262$80.46$2.89
Jun 2026Magnolia Oil1,4321,2657,7017,225290$84.81$3.15
May 2026Magnolia Oil6718373,2402,998160$102.13$2.94
Apr 2026Magnolia Oil1,4841,4456,3586,14365$100.32$2.77
Mar 2026Magnolia Oil1,3041,2396,3405,487701$91.38$3.04
Feb 2026Magnolia Oil7627823,6681733,495$64.51$3.62
Jan 2026Magnolia Oil1,1281,1504,20844,204$60.04$7.72
Dec 2025Magnolia Oil1,4941,5334,56504,565$57.97$4.26
Nov 2025Magnolia Oil1,3031,1925,44205,442$60.06$3.79
Oct 2025Magnolia Oil1,4391,4885,8041,2964,508$60.89$3.19
Sep 2025Magnolia Oil1,6741,5419,0644,7744,290$63.96$2.97
Aug 2025Magnolia Oil155234867561306$64.86$2.91
Jul 2025Magnolia Oil1,4061,3766,5083,1512,703$68.39$3.20
Jun 2025Magnolia Oil8358005,6272,3432,684$68.17$3.02
May 2025Magnolia Oil8949185,9132,8652,327$62.17$3.12
Apr 2025Magnolia Oil1,3611,4097,1073,3612,878$63.54$3.42
Mar 2025Magnolia Oil1,5421,5836,8423,2912,690$68.24$4.12
Feb 2025Magnolia Oil1,5391,6605,6712,4112,418$71.53$4.19
Jan 2025Magnolia Oil1,6901,7198,0233,6443,461$75.74$4.13
Dec 2024Magnolia Oil1,9961,96310,2757,1572,142$70.12$3.01
Nov 2024Magnolia Oil2,0251,8928,9825,7352,338$69.95$2.12
Oct 2024Magnolia Oil1,9361,96810,4916,4713,069$71.99$2.20
Sep 2024Magnolia Oil2,0392,08110,9696,2633,731$70.24$2.28
Aug 2024Magnolia Oil2,0062,0678,5146,4311,871$76.68$1.99
Jul 2024Magnolia Oil2,3692,34710,6838,1141,482$81.80$2.07
Jun 2024Magnolia Oil2,0441,9919,9468,082980$79.77$2.54
May 2024Magnolia Oil2,8752,92911,9249,7351,174$80.02$2.12
Apr 2024Magnolia Oil2,7692,65914,38111,8311,409$85.35$1.60
Mar 2024Magnolia Oil1,3081,2015,8442,4542,554$81.28$1.49
Feb 2024Magnolia Oil29231926013247$77.25$1.72
Jan 2024Magnolia Oil7068041,5693721,197$74.15$3.18
Dec 2023Magnolia Oil2,0702,2217,3296,0441,285$71.90$2.52
Nov 2023LRR Pecos3,2613,29411,5689,5031,786$77.69$2.71
Oct 2023LRR Pecos2,5532,4048,2786,6921,346$85.64$2.98
Sep 2023LRR Pecos2,6232,7548,8746,7321,891$89.43$2.64
Aug 2023LRR Pecos3,1203,02514,62111,5722,741$81.39$2.58

Flared above 3%

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)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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