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Texas gas well

Producing

ELEPHANT RED

Elephant Red is a gas well in Washington County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

416,238mcf gas, last 12 months−37% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Washington County
Field
Giddings (Austin Chalk-3)
RRC lease
03-298951

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Where it sits

This county

Washington CountyWashingtonFayetteBrazosBurlesonLeeAustinWallerGrimesMilamWashington County
Washington County
Oil, last 12 months
31,450 bbl
Gas in Jul 2026
29,810 mcf

Production by month

Gas output fell 37% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 37% over the last 12 monthsMonthly gas production and oil for ELEPHANT RED, Sep 2023 to Jul 2026. Gas output fell 37% over the last 12 months. 416,238 mcf in the 12 months through Jul 2026, against 660,386 mcf in the 12 months before.Last 12 months: 416,238 mcfmcf per monthbbl per month0050k5,000100k10k150k15k200k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 37% over the last 12 monthsMonthly gas production and oil for ELEPHANT RED, Sep 2023 to Jul 2026. Gas output fell 37% over the last 12 months. 416,238 mcf in the 12 months through Jul 2026, against 660,386 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0050k5,000100k10k150k15k200k20kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

93% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
93% of the gas went to a transmission line in the last 12 monthsShare of ELEPHANT RED gas by disposition code each month, Sep 2023 to Jul 2026. 93% 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
93% of the gas went to a transmission line in the last 12 monthsShare of ELEPHANT RED gas by disposition code each month, Sep 2023 to Jul 2026. 93% 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.

  • Transmission line (2)

    93% · 388,823 mcf

  • Lease fuel (1)

    6.2% · 25,955 mcf

  • Flared (4)

    0.4% · 1,460 mcf

0.4% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on ELEPHANT RED
API numberWell no.Status
42-477-31260H 04BEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCCondensateGathers34Oct 1, 2025–
Enterprise Crude Oil LLCCondensateGathers33Oct 1, 2025–
Shell Trading (Us) CompanyCondensateGathers33Oct 1, 2025–
Et Gathering & Processing LLCGas-well gasBuys100Sep 6, 2023–
Energy Transfer CompanyGas-well gasGathers100Sep 6, 2023–
Energy Trans Crude Marketing LLCCondensateGathers30Sep 6, 2023Oct 1, 2025
Enterprise Crude Oil LLCCondensateGathers40Sep 6, 2023Oct 1, 2025
Shell Trading (Us) CompanyCondensateGathers30Sep 6, 2023Oct 1, 2025

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

Who buys my oilOil price check

3,047.03 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.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Elephant Red
API numberWell no.Acreson the permit
42-477-31260H 04BE3,047.03

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

35 months, newest first

Ledger for ELEPHANT RED
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20262,1062,09729,81027,568194$80.46$2.89
Jun 20261,6571,76930,35328,070102$84.81$3.15
May 20261,9131,86232,60430,14424$102.13$2.94
Apr 20262,1952,16632,71030,46926$100.32$2.77
Mar 20262,6932,73535,46733,27921$91.38$3.04
Feb 20262,2262,22031,20729,443111$64.51$3.62
Jan 20262,7332,74235,64633,292376$60.04$7.72
Dec 20253,2403,18137,69435,30243$57.97$4.26
Nov 20253,1413,19236,41734,221163$60.06$3.79
Oct 20253,5183,46739,85837,57983$60.89$3.19
Sep 20253,6043,64640,17437,75768$63.96$2.97
Aug 20252,4242,24334,29831,699249$64.86$2.91
Jul 20254,0004,06748,21545,947136$68.39$3.20
Jun 20253,9233,87747,75345,07054$68.17$3.02
May 20254,3584,53750,93948,38163$62.17$3.12
Apr 20254,6904,69452,77950,00421$63.54$3.42
Mar 20254,1764,17248,58445,96080$68.24$4.12
Feb 20254,1414,35945,69643,470174$71.53$4.19
Jan 20254,9894,85456,23153,109226$75.74$4.13
Dec 20245,5225,61057,35554,997162$70.12$3.01
Nov 20245,4525,31657,34355,009168$69.95$2.12
Oct 20245,9286,03363,13360,23279$71.99$2.20
Sep 20245,7565,83562,76460,221127$70.24$2.28
Aug 20246,4276,10069,59466,058161$76.68$1.99
Jul 20243,2173,17331,13829,748109$81.80$2.07
Jun 20247,2987,28270,87066,766306$79.77$2.54
May 20247,6087,95981,98778,104602$80.02$2.12
Apr 20248,4158,53687,43886,161259$85.35$1.60
Mar 202410,0139,54299,72299,257336$81.28$1.49
Feb 202410,66610,676104,160103,998162$77.25$1.72
Jan 202411,01111,025121,587120,759452$74.15$3.18
Dec 202313,74513,977139,529138,643423$71.90$2.52
Nov 202314,97714,866148,860147,537356$77.69$2.71
Oct 202316,75716,777154,583153,384497$85.64$2.98
Sep 20237,0086,69453,87453,181431$89.43$2.64

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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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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Giddings (Austin Chalk-3) field

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