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Texas oil lease

Producing

ELLIOTT OIL UNIT

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

1 well

4,156bbl oil, last 12 months+13% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21337

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
20,507 mcf
Oil in Jul 2026
317 bbl

Production by month

Oil output rose 13% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 13% over the last 12 monthsMonthly oil production and gas for ELLIOTT OIL UNIT, Aug 2023 to Jul 2026. Oil output rose 13% over the last 12 months. 4,156 bbl in the 12 months through Jul 2026, against 3,693 bbl in the 12 months before.Last 12 months: 4,156 bblbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 13% over the last 12 monthsMonthly oil production and gas for ELLIOTT OIL UNIT, Aug 2023 to Jul 2026. Oil output rose 13% over the last 12 months. 4,156 bbl in the 12 months through Jul 2026, against 3,693 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001001,0002002,0003003,0004004,0005005,000Jan 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 ELLIOTT OIL UNIT 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 ELLIOTT OIL UNIT 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.

1 well on this lease

Wells on ELLIOTT OIL UNIT
API numberWell no.Status
42-149-325331Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005

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

Who buys my oilOil price check

554.88 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.

  • 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 Elliott Oil Unit
API numberWell no.Acreson the permit
42-149-325331554.88
42-149-325331RE554.88

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 ELLIOTT OIL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263173751,9771,9770$80.46$2.89
Jun 20263103741,8921,8920$84.81$3.15
May 20263233712,0812,0810$102.13$2.94
Apr 20263201801,9581,9580$100.32$2.77
Mar 20263843722,0992,0990$91.38$3.04
Feb 20263785613373370$64.51$3.62
Jan 20264233811,0381,0380$60.04$7.72
Dec 20253973731,4071,4070$57.97$4.26
Nov 20253231911,7161,7160$60.06$3.79
Oct 20253173722,0412,0410$60.89$3.19
Sep 20253113611,8701,8700$63.96$2.97
Aug 20253533772,0912,0910$64.86$2.91
Jul 20253171912,0712,0710$68.39$3.20
Jun 20252933782,1182,1180$68.17$3.02
May 20252541911,7981,7980$62.17$3.12
Apr 20252833731,8941,8940$63.54$3.42
Mar 20253211962,1552,1550$68.24$4.12
Feb 20253203851,9361,9360$71.53$4.19
Jan 20253073862,0772,0770$75.74$4.13
Dec 20243371882,0982,0980$70.12$3.01
Nov 20243213762,0712,0710$69.95$2.12
Oct 20243283822,3462,3460$71.99$2.20
Sep 20243001762,2572,2570$70.24$2.28
Aug 20243123842,8662,8660$76.68$1.99
Jul 20242773702,2092,2090$81.80$2.07
Jun 20243573832,3092,3090$79.77$2.54
May 20243371912,3512,3510$80.02$2.12
Apr 20243523812,2252,2250$85.35$1.60
Mar 20243833852,4312,4310$81.28$1.49
Feb 20243813862,2202,2200$77.25$1.72
Jan 20243503861,0681,0680$74.15$3.18
Dec 20233863492,4332,4330$71.90$2.52
Nov 20233763762,3252,3250$77.69$2.71
Oct 20233903832,4032,4030$85.64$2.98
Sep 20233143812,1072,1070$89.43$2.64
Aug 20233373742,2972,2970$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)CountyFayette County

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