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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 23719

Producing

ELY

Ely is an oil lease in Milam County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 1,936 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,936bbl oil, last 12 months−28% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23719

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County · RRC district 03Open Milam County →
Gas, last 12 months
2,595 mcf
Oil in Jul 2026
117 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 28% over the last 12 months

1,936 bbl in the 12 months through Jul 2026, against 2,687 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for ELY, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 1,936 bbl in the 12 months through Jul 2026, against 2,687 bbl in the 12 months before.Last 12 months: 1,936 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 28% over the last 12 monthsMonthly oil production and gas for ELY, Aug 2023 to Jul 2026. Oil output fell 28% over the last 12 months. 1,936 bbl in the 12 months through Jul 2026, against 2,687 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 23719, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to lease fuel in the last 12 monthsShare of ELY 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 ELY 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, gas disposition by code, lease 23719, district 03. Reported through Jul 2026.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed 2 times, most recently in Dec 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

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, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 23719 in district 03. The API number is the state’s ID for a well.
Wells on ELY
API numberWell no.Status
42-331-335103Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 23719.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Oil

    Energy Trans Crude Marketing LLC and 4J Energy, LLC gather it.

    Energy Trans Crude Marketing LLC gathers it: 75% of it, on the list since Jul 1, 2021 · 4J Energy, LLC gathers it: 25% of it, on the list since Jul 1, 2021

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Nov 1, 2016 · Energy Transfer Company gathers it: 100% of it, on the list since Jul 7, 2016

Companies that used to be listed: Buckhead Midstream, LLC (gathers it, until Jul 1, 2021); Shell Trading (Us) Company (gathers it, until Jul 1, 2021); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 1, 2021); Texican Crude&hydrocarbons, LLC (gathers it, until Jul 1, 2021); Buckhead Midstream, LLC (gathers it, until Jul 1, 2020); Shell Trading (Us) Company (gathers it, until Jul 1, 2020).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

250 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Jul 3, 1999
Latest permit
May 12, 1999

A pooling certificate was filed

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

Wells and acres on the permits for Ely
API numberWell no.Acreson the permit
42-331-335103250

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

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Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says ELY sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for ELY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil11717924400$80.46$2.89
Jun 2026Magnolia Oil14516323900$84.81$3.15
May 2026Magnolia Oil7305600$102.13$2.94
Apr 2026Magnolia Oil12917417100$100.32$2.77
Mar 2026Magnolia Oil17517923200$91.38$3.04
Feb 2026Magnolia Oil16817622400$64.51$3.62
Jan 2026Magnolia Oil18518024800$60.04$7.72
Dec 2025Magnolia Oil19418124800$57.97$4.26
Nov 2025Magnolia Oil16317923400$60.06$3.79
Oct 2025Magnolia Oil18617623500$60.89$3.19
Sep 2025Magnolia Oil20017524000$63.96$2.97
Aug 2025Magnolia Oil20117822400$64.86$2.91
Jul 2025Magnolia Oil22818324800$68.39$3.20
Jun 2025Magnolia Oil18235524000$68.17$3.02
May 2025Magnolia Oil22217324600$62.17$3.12
Apr 2025Magnolia Oil21318423300$63.54$3.42
Mar 2025Magnolia Oil23118424800$68.24$4.12
Feb 2025Magnolia Oil12817011100$71.53$4.19
Jan 2025Magnolia Oil23017324800$75.74$4.13
Dec 2024Magnolia Oil23218924400$70.12$3.01
Nov 2024Magnolia Oil24433523600$69.95$2.12
Oct 2024Magnolia Oil28117824000$71.99$2.20
Sep 2024Magnolia Oil23836018500$70.24$2.28
Aug 2024Magnolia Oil25817920900$76.68$1.99
Jul 2024Magnolia Oil20017713700$81.80$2.07
Jun 2024Magnolia Oil16118110000$79.77$2.54
May 2024Magnolia Oil23635021200$80.02$2.12
Apr 2024Magnolia Oil27217924000$85.35$1.60
Mar 2024Magnolia Oil31037224800$81.28$1.49
Feb 2024Magnolia Oil29916620700$77.25$1.72
Jan 2024Magnolia Oil21734614700$74.15$3.18
Dec 2023Magnolia Oil32236624800$71.90$2.52
Nov 2023LRR Pecos31917924000$77.69$2.71
Oct 2023LRR Pecos33636024800$85.64$2.98
Sep 2023LRR Pecos33235524000$89.43$2.64
Aug 2023LRR Pecos33035724800$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

All Magnolia Oil & Gas Operating LLC leases →

Giddings (Austin Chalk-3) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • ELY UNIT 2

    15,912 bbl last 12 months · 0.1 km away

  • KATHLEEN

    2,263 bbl last 12 months · 0.5 km away

  • ELY UNIT 1

    6,612 bbl last 12 months · 0.5 km away

  • CUTTER

    14,018 bbl last 12 months · 0.5 km away

  • ELY UNIT 1

    6,561 bbl last 12 months · 0.6 km away

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 23719, district 03, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.