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Texas oil lease

Producing

FARMER

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

2 wells

385bbl oil, last 12 months−29% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21457

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
2,043 mcf
Oil in Jul 2026
32 bbl

Production by month

Oil output fell 29% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for FARMER, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 385 bbl in the 12 months through Jul 2026, against 546 bbl in the 12 months before.Last 12 months: 385 bblbbl per monthmcf per month00502501005001507502001,0002501,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 29% over the last 12 monthsMonthly oil production and gas for FARMER, Aug 2023 to Jul 2026. Oil output fell 29% over the last 12 months. 385 bbl in the 12 months through Jul 2026, against 546 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00502501005001507502001,0002501,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuelShare of FARMER gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Aug 2025: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuelShare of FARMER gas by disposition code each month, Aug 2023 to Jul 2026. Since Aug 2025 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Aug 25: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on FARMER
API numberWell no.Status
42-149-325781 HActive
42-149-329482HActive

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
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017

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

Who buys my oilOil price check

213.48 acres on the newest permit

The wells on this lease state different acreage

The permits state between 213.48 and 321.27 acres.

Permits for Farmer
API numberWell no.Acreson the permit
42-149-329482H213.48
42-149-325781321.27
42-149-325781 H321.27

SourceRailroad Commission drilling permits, Sep 26, 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 FARMER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263202272270$80.46$2.89
Jun 2026191791231230$84.81$3.15
May 202629097970$102.13$2.94
Apr 202627090900$100.32$2.77
Mar 20264802602600$91.38$3.04
Feb 20266002112110$64.51$3.62
Jan 2026141741481480$60.04$7.72
Dec 2025701451450$57.97$4.26
Nov 20253802242240$60.06$3.79
Oct 20253501661660$60.89$3.19
Sep 20252001201200$63.96$2.97
Aug 20255602322320$64.86$2.91
Jul 2025401856351700$68.39$3.20
Jun 20256006161660$68.17$3.02
May 20256205901250$62.17$3.12
Apr 202548187525750$63.54$3.42
Mar 2025330554890$68.24$4.12
Feb 20251807823620$71.53$4.19
Jan 20250036000$75.74$4.13
Dec 20241805871220$70.12$3.01
Nov 20241706952450$69.95$2.12
Oct 20247108273620$71.99$2.20
Sep 2024401668504150$70.24$2.28
Aug 202413901,1486830$76.68$1.99
Jul 2024641686313160$81.80$2.07
Jun 20241011937412910$79.77$2.54
May 202412616944240$80.02$2.12
Apr 2024120197920$85.35$1.60
Mar 2024631877513610$81.28$1.49
Feb 20247118173820$77.25$1.72
Jan 20244505481880$74.15$3.18
Dec 20237006313310$71.90$2.52
Nov 2023451776281780$77.69$2.71
Oct 20234107222570$85.64$2.98
Sep 20235506161660$89.43$2.64
Aug 2023431847893690$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Fayette County

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Giddings (Austin Chalk-3) field

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