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Texas oil lease

Producing

DRAGON

Dragon is an oil lease in Karnes County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Eagleville (Eagle Ford-2) field.

5 wells

128,322bbl oil, last 12 months−39% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Eagleville (Eagle Ford-2)
RRC lease
02-11204

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
201,868 mcf
Oil in Jul 2026
9,034 bbl

Production by month

Oil output fell 39% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for DRAGON, Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 128,322 bbl in the 12 months through Jul 2026, against 209,381 bbl in the 12 months before.Last 12 months: 128,322 bblbbl per monthmcf per month0020k20k40k40k60k60k80k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 39% over the last 12 monthsMonthly oil production and gas for DRAGON, Aug 2023 to Jul 2026. Oil output fell 39% over the last 12 months. 128,322 bbl in the 12 months through Jul 2026, against 209,381 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020k20k40k40k60k60k80k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

72% of the gas went to a transmission line in the last 12 months

Flaring peaked at 5.8% of the gas in Jan 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
72% of the gas went to a transmission line in the last 12 monthsShare of DRAGON gas by disposition code each month, Aug 2023 to Jul 2026. 72% of the gas went to a transmission line in the last 12 months. Flaring peaked at 5.8% of the gas in Jan 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 5.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
72% of the gas went to a transmission line in the last 12 monthsShare of DRAGON gas by disposition code each month, Aug 2023 to Jul 2026. 72% of the gas went to a transmission line in the last 12 months. Flaring peaked at 5.8% of the gas in Jan 2024.Share of gas by disposition code0%50%100%Flared 5.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    72% · 144,863 mcf

  • Lease fuel (1)

    26% · 52,882 mcf

  • Flared (4)

    2.0% · 4,123 mcf

2.0% of the gas flared in the last 12 months. 8 months above 3%.

Who has run this lease

The operator changed once, most recently in Apr 2023

Operators of this lease over time1776 Energy Operators, LLC, Jan 2020 to Mar 2023; Magnolia Oil & Gas Operating LLC, Apr 2023 to Jul 20262020202120222023202420252026Changed Apr 20231776 Energy Operators, LLCJan 2020 to Mar 2023Magnolia Oil & Gas Operating…Apr 2023 to now
Operators of this lease over time1776 Energy Operators, LLC, Jan 2020 to Mar 2023; Magnolia Oil & Gas Operating LLC, Apr 2023 to Jul 20262020202120222023202420252026Changed Apr 20231776 Energy Operators, LLCJan 2020 to Mar 2023Magnolia Oil & Gas Operating LLCApr 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

5 wells on this lease

Wells on DRAGON
API numberWell no.Status
42-255-343191HShut-in
42-255-377552HShut-in
42-255-377563HShut-in
42-255-377574HShut-in
42-255-377585HShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Phillips 66 CompanyOilGathers100Apr 1, 2020–
Enterprise Crude Oil LLCOilGathers100Oct 9, 2015Apr 1, 2020

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

Who buys my oilOil price check

534.23 acres on the newest permit

The wells on this lease state different acreage

The permits state between 403.06 and 534.23 acres.

Permits for Dragon
API numberWell no.Acreson the permit
42-255-377552H534.23
42-255-377563H534.23
42-255-377574H534.23
42-255-377585H534.23
42-255-343191H403.06

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 DRAGON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil9,0349,13315,74711,253168$80.46$2.89
Jun 2026Magnolia Oil9,4199,32616,73410,3282$84.81$3.15
May 2026Magnolia Oil9,6389,64617,78212,457134$102.13$2.94
Apr 2026Magnolia Oil9,6549,63513,2609,053333$100.32$2.77
Mar 2026Magnolia Oil10,36510,32912,6388,196509$91.38$3.04
Feb 2026Magnolia Oil9,6309,67916,09712,100443$64.51$3.62
Jan 2026Magnolia Oil10,48410,64516,16511,453566$60.04$7.72
Dec 2025Magnolia Oil11,45011,32817,71212,791360$57.97$4.26
Nov 2025Magnolia Oil11,39111,48818,46313,836394$60.06$3.79
Oct 2025Magnolia Oil11,93912,06820,39715,797442$60.89$3.19
Sep 2025Magnolia Oil12,47712,65720,11315,397555$63.96$2.97
Aug 2025Magnolia Oil12,84112,74016,76012,202217$64.86$2.91
Jul 2025Magnolia Oil13,37513,36617,60712,902452$68.39$3.20
Jun 2025Magnolia Oil13,36313,34017,70513,166455$68.17$3.02
May 2025Magnolia Oil14,29414,43518,78514,090358$62.17$3.12
Apr 2025Magnolia Oil14,53114,47219,20713,768103$63.54$3.42
Mar 2025Magnolia Oil15,53415,48022,14917,11460$68.24$4.12
Feb 2025Magnolia Oil14,57314,74328,62724,044564$71.53$4.19
Jan 2025Magnolia Oil17,74317,77730,54726,266363$75.74$4.13
Dec 2024Magnolia Oil18,64918,68429,07025,245377$70.12$3.01
Nov 2024Magnolia Oil19,79519,77034,60330,763745$69.95$2.12
Oct 2024Magnolia Oil20,49220,57037,40333,943507$71.99$2.20
Sep 2024Magnolia Oil21,26721,28939,35134,794670$70.24$2.28
Aug 2024Magnolia Oil25,76525,77349,98543,1101,281$76.68$1.99
Jul 2024Magnolia Oil24,08323,94046,18142,745593$81.80$2.07
Jun 2024Magnolia Oil26,45526,46850,82347,436755$79.77$2.54
May 2024Magnolia Oil30,25330,03553,87348,7661,033$80.02$2.12
Apr 2024Magnolia Oil35,15434,97154,07748,714350$85.35$1.60
Mar 2024Magnolia Oil35,46335,66749,14444,0151,889$81.28$1.49
Feb 2024Magnolia Oil38,47838,41242,38437,5211,568$77.25$1.72
Jan 2024Magnolia Oil40,18340,12337,88532,8922,181$74.15$3.18
Dec 2023Magnolia Oil47,15447,23746,13941,421456$71.90$2.52
Nov 2023Magnolia Oil47,72147,86644,27138,5241,758$77.69$2.71
Oct 2023Magnolia Oil53,17253,19251,70444,2822,697$85.64$2.98
Sep 2023Magnolia Oil63,30163,62760,86255,5471,504$89.43$2.64
Aug 2023Magnolia Oil72,10870,86262,91257,3983,069$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 LLCFieldEagleville (Eagle Ford-2)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

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