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Texas oil lease

Producing

DRGAC-MARTIN UNIT

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

1 well

2,785bbl oil, last 12 months−1% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22311

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
2,565 mcf
Oil in Jul 2026
199 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for DRGAC-MARTIN UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,785 bbl in the 12 months through Jul 2026, against 2,809 bbl in the 12 months before.Last 12 months: 2,785 bblbbl per monthmcf per month00200504001006001508002001,000250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for DRGAC-MARTIN UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 2,785 bbl in the 12 months through Jul 2026, against 2,809 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200504001006001508002001,000250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to lease fuel in the last 12 months

All of the gas went to lease fuel in the last 12 monthsShare of DRGAC-MARTIN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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 lease fuel in the last 12 monthsShare of DRGAC-MARTIN UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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.

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, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 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 DRGAC-MARTIN UNIT
API numberWell no.Status
42-051-334101Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

554.22 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Drgac-Martin Unit
API numberWell no.Acreson the permit
42-051-334101554.22

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 DRGAC-MARTIN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil19917724800$80.46$2.89
Jun 2026Magnolia Oil20918024000$84.81$3.15
May 2026Magnolia Oil21217724800$102.13$2.94
Apr 2026Magnolia Oil21017924000$100.32$2.77
Mar 2026Magnolia Oil22636124800$91.38$3.04
Feb 2026Magnolia Oil22217522400$64.51$3.62
Jan 2026Magnolia Oil27935324800$60.04$7.72
Dec 2025Magnolia Oil30636224800$57.97$4.26
Nov 2025Magnolia Oil43535217200$60.06$3.79
Oct 2025Magnolia Oil00000$60.89$3.19
Sep 2025Magnolia Oil27618420500$63.96$2.97
Aug 2025Magnolia Oil21117924400$64.86$2.91
Jul 2025Magnolia Oil20235924800$68.39$3.20
Jun 2025Magnolia Oil21217722400$68.17$3.02
May 2025Magnolia Oil21417124100$62.17$3.12
Apr 2025Magnolia Oil22718124000$63.54$3.42
Mar 2025Magnolia Oil23135024800$68.24$4.12
Feb 2025Magnolia Oil21717622400$71.53$4.19
Jan 2025Magnolia Oil25717524800$75.74$4.13
Dec 2024Magnolia Oil26734724000$70.12$3.01
Nov 2024Magnolia Oil26917724000$69.95$2.12
Oct 2024Magnolia Oil2743568900$71.99$2.20
Sep 2024Magnolia Oil17416617100$70.24$2.28
Aug 2024Magnolia Oil26535324000$76.68$1.99
Jul 2024Magnolia Oil24217924800$81.80$2.07
Jun 2024Magnolia Oil29033521100$79.77$2.54
May 2024Magnolia Oil29317922900$80.02$2.12
Apr 2024Magnolia Oil29236324000$85.35$1.60
Mar 2024Magnolia Oil31017824800$81.28$1.49
Feb 2024Magnolia Oil44453423200$77.25$1.72
Jan 2024Magnolia Oil39937020200$74.15$3.18
Dec 2023Magnolia Oil34935824800$71.90$2.52
Nov 2023LRR Pecos431364000$77.69$2.71
Oct 2023LRR Pecos476532000$85.64$2.98
Sep 2023LRR Pecos634717000$89.43$2.64
Aug 2023LRR Pecos304369000$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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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