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Texas oil lease

Producing

ELLIOTT OIL UNIT #2

Elliott Oil Unit #2 is an oil lease in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

1,171bbl oil, last 12 months+4% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21403

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
4,981 mcf
Oil in Jul 2026
61 bbl

Production by month

Oil output rose 4% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for ELLIOTT OIL UNIT #2, Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 1,171 bbl in the 12 months through Jul 2026, against 1,130 bbl in the 12 months before.Last 12 months: 1,171 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for ELLIOTT OIL UNIT #2, Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 1,171 bbl in the 12 months through Jul 2026, against 1,130 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 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 #2 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 #2 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.

Who has run this lease

The operator changed once, most recently in May 2024

Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating…May 2024 to now
Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on ELLIOTT OIL UNIT #2
API numberWell no.Status
42-149-325342Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gulfmark Energy, Inc.OilGathers100Nov 30, 1999–
Et Gathering & Processing LLCCasinghead gasBuys100May 1, 2024–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005–
Nominator Not Required / Swr 31Casinghead gasNominates100Oct 1, 1999May 1, 2024
Energy Transfer CompanyCasinghead gasBuys100May 1, 2005May 1, 2024

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

Who buys my oilOil price check

1,268.50 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 Elliott Oil Unit #2
API numberWell no.Acreson the permit
42-149-3253421,268.50

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 ELLIOTT OIL UNIT #2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil611662502500$80.46$2.89
Jun 2026Magnolia Oil9514274270$84.81$3.15
May 2026Magnolia Oil911684424420$102.13$2.94
Apr 2026Magnolia Oil7003233230$100.32$2.77
Mar 2026Magnolia Oil1081604454450$91.38$3.04
Feb 2026Magnolia Oil10204414410$64.51$3.62
Jan 2026Magnolia Oil1041844824820$60.04$7.72
Dec 2025Magnolia Oil1171784794790$57.97$4.26
Nov 2025Magnolia Oil12025895890$60.06$3.79
Oct 2025Magnolia Oil2883441,0811,0810$60.89$3.19
Sep 2025Magnolia Oil14022220$63.96$2.97
Aug 2025Magnolia Oil10000$64.86$2.91
Jul 2025Magnolia Oil4102112110$68.39$3.20
Jun 2025Magnolia Oil1411694964960$68.17$3.02
May 2025Magnolia Oil1511785075070$62.17$3.12
Apr 2025Magnolia Oil1921796276270$63.54$3.42
Mar 2025Magnolia Oil96081810$68.24$4.12
Feb 2025Magnolia Oil1197970$71.53$4.19
Jan 2025Magnolia Oil00000$75.74$4.13
Dec 2024Magnolia Oil00000$70.12$3.01
Nov 2024Magnolia Oil117732320$69.95$2.12
Oct 2024Magnolia Oil14405395390$71.99$2.20
Sep 2024Magnolia Oil1511665415410$70.24$2.28
Aug 2024Magnolia Oil2121836796790$76.68$1.99
Jul 2024Magnolia Oil1291783533530$81.80$2.07
Jun 2024Magnolia Oil701772052050$79.77$2.54
May 2024Magnolia Oil11101741740$80.02$2.12
Apr 2024Geosouthern Energy11916690900$85.35$1.60
Mar 2024Geosouthern Energy1391806126120$81.28$1.49
Feb 2024Geosouthern Energy2061816026020$77.25$1.72
Jan 2024Geosouthern Energy14425125120$74.15$3.18
Dec 2023Geosouthern Energy1503525105100$71.90$2.52
Nov 2023Geosouthern Energy13915195190$77.69$2.71
Oct 2023Geosouthern Energy1771805965960$85.64$2.98
Sep 2023Geosouthern Energy1381785405400$89.43$2.64
Aug 2023Geosouthern Energy1461585735730$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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