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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 26974

Producing

ELY UNIT 1 EB

Ely Unit 1 Eb is an oil lease in Milam County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Madisonville, W. (Woodbine -A-) field. The Railroad Commission shows 1,675 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,675bbl oil, last 12 months−5% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Madisonville, W. (Woodbine -A-)
RRC lease
03-26974

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County · RRC district 03Open Milam County →
Gas, last 12 months
2,918 mcf
Oil in Jul 2026
151 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 5% over the last 12 months

1,675 bbl in the 12 months through Jul 2026, against 1,757 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for ELY UNIT 1 EB, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 1,675 bbl in the 12 months through Jul 2026, against 1,757 bbl in the 12 months before.Last 12 months: 1,675 bblbbl per monthmcf per month005050100100150150200200250250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for ELY UNIT 1 EB, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 1,675 bbl in the 12 months through Jul 2026, against 1,757 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005050100100150150200200250250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 26974, 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 UNIT 1 EB 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 UNIT 1 EB 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 26974, 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 26974 in district 03. The API number is the state’s ID for a well.
Wells on ELY UNIT 1 EB
API numberWell no.Status
42-331-347641HActive

SourceTexas Railroad Commission Wellbore Query, district 03, lease 26974.

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 Sep 30, 2013 · Energy Transfer Company gathers it: 100% of it, on the list since Sep 30, 2013

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

478.85 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
Sep 30, 2013
Latest permit
May 7, 2013

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 Unit 1 Eb
API numberWell no.Acreson the permit
42-331-347641H478.85

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 UNIT 1 EB 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 UNIT 1 EB
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil15117824800$80.46$2.89
Jun 2026Magnolia Oil11017924000$84.81$3.15
May 2026Magnolia Oil147024800$102.13$2.94
Apr 2026Magnolia Oil12018024000$100.32$2.77
Mar 2026Magnolia Oil15817924800$91.38$3.04
Feb 2026Magnolia Oil12917922400$64.51$3.62
Jan 2026Magnolia Oil14717924700$60.04$7.72
Dec 2025Magnolia Oil148024800$57.97$4.26
Nov 2025Magnolia Oil14218024000$60.06$3.79
Oct 2025Magnolia Oil14122824700$60.89$3.19
Sep 2025Magnolia Oil13417824000$63.96$2.97
Aug 2025Magnolia Oil148124800$64.86$2.91
Jul 2025Magnolia Oil16516424800$68.39$3.20
Jun 2025Magnolia Oil14718424000$68.17$3.02
May 2025Magnolia Oil13117721800$62.17$3.12
Apr 2025Magnolia Oil14818024000$63.54$3.42
Mar 2025Magnolia Oil150024800$68.24$4.12
Feb 2025Magnolia Oil13917822400$71.53$4.19
Jan 2025Magnolia Oil13417619300$75.74$4.13
Dec 2024Magnolia Oil16817824000$70.12$3.01
Nov 2024Magnolia Oil13417524000$69.95$2.12
Oct 2024Magnolia Oil14017624800$71.99$2.20
Sep 2024Magnolia Oil154024000$70.24$2.28
Aug 2024Magnolia Oil14717524400$76.68$1.99
Jul 2024Magnolia Oil15717224800$81.80$2.07
Jun 2024Magnolia Oil17717724000$79.77$2.54
May 2024Magnolia Oil19117613600$80.02$2.12
Apr 2024Magnolia Oil13518123600$85.35$1.60
Mar 2024Magnolia Oil16817824800$81.28$1.49
Feb 2024Magnolia Oil15718023200$77.25$1.72
Jan 2024Magnolia Oil14617721300$74.15$3.18
Dec 2023Magnolia Oil16517424800$71.90$2.52
Nov 2023LRR Pecos1670000$77.69$2.71
Oct 2023LRR Pecos166169000$85.64$2.98
Sep 2023LRR Pecos169178000$89.43$2.64
Aug 2023LRR Pecos170177000$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 LLCFieldMadisonville, W. (Woodbine -A-)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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Madisonville, W. (Woodbine -A-) field

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Found by the location of their wells.

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 26974, 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.

FAQ

Questions about ELY UNIT 1 EB

Who operates the ELY UNIT 1 EB lease?

The Railroad Commission lists Magnolia Oil & Gas Operating LLC (operator number 521544) as the operator of this lease in Milam County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the ELY UNIT 1 EB lease produced?

The lease reported 1,675 bbl of oil and 2,918 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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