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Texas oil lease

Producing

DIETZ-GOETH UNIT 3

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

1 well

4,629bbl oil, last 12 months−19% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Washington County
Field
Giddings (Austin Chalk-3)
RRC lease
03-24468

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Where it sits

This county

Washington CountyWashingtonFayetteBrazosBurlesonLeeAustinWallerGrimesMilamWashington County
Washington County
Gas, last 12 months
26,034 mcf
Oil in Jul 2026
457 bbl

Production by month

Oil output fell 19% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for DIETZ-GOETH UNIT 3, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 4,629 bbl in the 12 months through Jul 2026, against 5,713 bbl in the 12 months before.Last 12 months: 4,629 bblbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 19% over the last 12 monthsMonthly oil production and gas for DIETZ-GOETH UNIT 3, Aug 2023 to Jul 2026. Oil output fell 19% over the last 12 months. 4,629 bbl in the 12 months through Jul 2026, against 5,713 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005002,0001,0004,0001,5006,0002,0008,0002,50010kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

86% of the gas went to a transmission line in the last 12 months

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

  • Transmission line (2)
  • Flared (4)
86% of the gas went to a transmission line in the last 12 monthsShare of DIETZ-GOETH UNIT 3 gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
86% of the gas went to a transmission line in the last 12 monthsShare of DIETZ-GOETH UNIT 3 gas by disposition code each month, Aug 2023 to Jul 2026. 86% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Jan 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)

    86% · 29,098 mcf

  • Flared (4)

    14% · 4,847 mcf

14.3% of the gas flared in the last 12 months. 2 months above 3%.

1 well on this lease

Wells on DIETZ-GOETH UNIT 3
API numberWell no.Status
42-477-309371Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermOilGathers25Dec 1, 2022–
Enterprise Crude Oil LLCOilGathers25May 11, 2018–
Flint Hills Resources, LPOilGathers25May 11, 2018–
Shell Trading (Us) CompanyOilGathers25May 11, 2018–
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25May 11, 2018Dec 1, 2022

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

Who buys my oilOil price check

928.76 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.

Check your decimal on this lease
Permits for Dietz-Goeth Unit 3
API numberWell no.Acreson the permit
42-477-309371928.76

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 DIETZ-GOETH UNIT 3
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264575355535530$80.46$2.89
Jun 20261081761061060$84.81$3.15
May 202600000$102.13$2.94
Apr 20265602302300$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202620000$64.51$3.62
Jan 20262511812,3362,3360$60.04$7.72
Dec 20253645362,8392,8390$57.97$4.26
Nov 20255705143,9193,9190$60.06$3.79
Oct 20251,0691,0946,3966,3960$60.89$3.19
Sep 20251,0811,0556,0296,0290$63.96$2.97
Aug 20256715393,6263,6260$64.86$2.91
Jul 202500000$68.39$3.20
Jun 20250020200$68.17$3.02
May 202500000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 202525000$68.24$4.12
Feb 20257108923,0443,0440$71.53$4.19
Jan 20252,0032,0174,84704,847$75.74$4.13
Dec 20242,0571,9885,6653,0192,646$70.12$3.01
Nov 20249358892,1462,1460$69.95$2.12
Oct 2024601791790$71.99$2.20
Sep 202400000$70.24$2.28
Aug 202400000$76.68$1.99
Jul 20241301861,2551,2550$81.80$2.07
Jun 20243001862,0782,0780$79.77$2.54
May 20243713532,5542,5540$80.02$2.12
Apr 2024901814454450$85.35$1.60
Mar 2024202212210$81.28$1.49
Feb 202400000$77.25$1.72
Jan 202400880$74.15$3.18
Dec 202300000$71.90$2.52
Nov 202300000$77.69$2.71
Oct 20232883561,8281,8280$85.64$2.98
Sep 20232683321,7651,7650$89.43$2.64
Aug 20232841881,8961,8960$81.39$2.58

Flared above 3%

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)CountyWashington County

Magnolia Oil & Gas Operating LLC in Washington County

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