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Texas oil lease

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DEAN EQUIPMENT COMPANY

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

2 wells

131bbl oil, last 12 months−73% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-14181

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
742 mcf
Oil in Jul 2026
10 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 7 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 73% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 73% over the last 12 monthsMonthly oil production and gas for DEAN EQUIPMENT COMPANY, Aug 2023 to Jul 2026. Oil output fell 73% over the last 12 months. 131 bbl in the 12 months through Jul 2026, against 489 bbl in the 12 months before.Last 12 months: 131 bblbbl per monthmcf per month0050100100200150300200400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 73% over the last 12 monthsMonthly oil production and gas for DEAN EQUIPMENT COMPANY, Aug 2023 to Jul 2026. Oil output fell 73% over the last 12 months. 131 bbl in the 12 months through Jul 2026, against 489 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400Jan 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 DEAN EQUIPMENT COMPANY 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 DEAN EQUIPMENT COMPANY 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.

2 wells on this lease

Wells on DEAN EQUIPMENT COMPANY
API numberWell no.Status
42-287-308583Active
42-287-313654Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2021
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jul 1, 2021

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

Who buys my oilOil price check

80 acres on the newest permit

  • Good to know

    The wells on this lease state different acreage

    The permits state between 80 and 395 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Dean Equipment Company
API numberWell no.Acreson the permit
42-287-30933280
42-287-313654395
42-287-308583395

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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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 DEAN EQUIPMENT COMPANY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202610096960$80.46$2.89
Jun 20268093930$84.81$3.15
May 20262052520$102.13$2.94
Apr 202600660$100.32$2.77
Mar 2026160990$91.38$3.04
Feb 20260016160$64.51$3.62
Jan 20268071710$60.04$7.72
Dec 2025441871161160$57.97$4.26
Nov 20255077770$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202519156560$63.96$2.97
Aug 20251901501500$64.86$2.91
Jul 20254511581580$68.39$3.20
Jun 20255301551550$68.17$3.02
May 2025361861501500$62.17$3.12
Apr 20254011491490$63.54$3.42
Mar 20254301661660$68.24$4.12
Feb 20256302862860$71.53$4.19
Jan 202511000$75.74$4.13
Dec 20241618153530$70.12$3.01
Nov 20244601401400$69.95$2.12
Oct 20244601481480$71.99$2.20
Sep 20245111391390$70.24$2.28
Aug 2024491761491490$76.68$1.99
Jul 20243001221220$81.80$2.07
Jun 20245601501500$79.77$2.54
May 20241801832842840$80.02$2.12
Apr 20246026260$85.35$1.60
Mar 20246001311310$81.28$1.49
Feb 2024641821301300$77.25$1.72
Jan 20245201191190$74.15$3.18
Dec 20234001151150$71.90$2.52
Nov 2023631861211210$77.69$2.71
Oct 20236711441440$85.64$2.98
Sep 20235801211210$89.43$2.64
Aug 202335089890$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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Austin Chalk-3) field

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