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Texas oil lease

Producing

FGU-MAGNOLIA

Fgu-Magnolia is an oil lease in Victoria County, Texas, operated by Goldking Minerals Mgmt, L.L.C. in the Bloomington (4600) field.

1 well

7,246bbl oil, last 12 months+17% vs prior year
Operator
Goldking Minerals Mgmt, L.L.C.
County
Victoria County
Field
Bloomington (4600)
RRC lease
02-12486

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Where it sits

This county

Victoria CountyVictoriaGoliadLavacaCalhounGonzalesDe WittWhartonJacksonVictoria County
Victoria County
Gas, last 12 months
28,040 mcf
Oil in Jul 2026
1,151 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Goldking Minerals Mgmt, L.L.C. took over from Allegiant Resources, LLC in Jun 2026.

  • P-5

    The previous operator's P-5 registration is listed as delinquent (last P-5 filed Jul 22, 2025).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Oil output rose 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for FGU-MAGNOLIA, Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 7,246 bbl in the 12 months through Jul 2026, against 6,206 bbl in the 12 months before.Last 12 months: 7,246 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 17% over the last 12 monthsMonthly oil production and gas for FGU-MAGNOLIA, Aug 2023 to Jul 2026. Oil output rose 17% over the last 12 months. 7,246 bbl in the 12 months through Jul 2026, against 6,206 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,0002,5005,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

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

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

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    90% · 25,299 mcf

  • Transmission line (2)

    9.8% · 2,741 mcf

Who has run this lease

The operator changed once, most recently in Jun 2026

Operators of this lease over timeAllegiant Resources, LLC, Nov 2022 to May 2026; Goldking Minerals Mgmt, L.L.C., Jun 2026 to Jul 20262023202420252026Changed Jun 2026Allegiant Resources, LLCNov 2022 to May 2026Goldking Minerals Mgmt, L.L.C.Jun 2026 to now
Operators of this lease over timeAllegiant Resources, LLC, Nov 2022 to May 2026; Goldking Minerals Mgmt, L.L.C., Jun 2026 to Jul 20262023202420252026Changed Jun 2026Allegiant Resources, LLCNov 2022 to May 2026Goldking Minerals Mgmt, L.L.C.Jun 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on FGU-MAGNOLIA
API numberWell no.Status
42-469-345051HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Gulfmark Energy, Inc.OilGathers100Nov 8, 2022
Kinder Morgan Tejas Pipeline LLCCasinghead gasBuys100Nov 8, 2022
Kinder Morgan Tejas Pipeline LLCCasinghead gasGathers100Nov 8, 2022

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

Who buys my oilOil price check

750.43 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • 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 Fgu-Magnolia
API numberWell no.Acreson the permit
42-469-345051H750.43

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for FGU-MAGNOLIA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Goldking Minerals1,1511,1872,62700$80.46$2.89
Jun 2026Goldking Minerals1,2351,1892,34200$84.81$3.15
May 2026Allegiant Resources,8056572,34900$102.13$2.94
Apr 2026Allegiant Resources,6805831,9641200$100.32$2.77
Mar 2026Allegiant Resources,5935062,6981550$91.38$3.04
Feb 2026Allegiant Resources,4845511,67900$64.51$3.62
Jan 2026Allegiant Resources,4824152,157280$60.04$7.72
Dec 2025Allegiant Resources,7478833,0583270$57.97$4.26
Nov 2025Allegiant Resources,1552041,8832470$60.06$3.79
Oct 2025Allegiant Resources,3083202,6576750$60.89$3.19
Sep 2025Allegiant Resources,1802311,4823990$63.96$2.97
Aug 2025Allegiant Resources,4262783,1447900$64.86$2.91
Jul 2025Allegiant Resources,3933963,1717460$68.39$3.20
Jun 2025Allegiant Resources,3123083,1216890$68.17$3.02
May 2025Allegiant Resources,4033995455450$62.17$3.12
Apr 2025Allegiant Resources,3883476746740$63.54$3.42
Mar 2025Allegiant Resources,3903818566040$68.24$4.12
Feb 2025Allegiant Resources,3323588216210$71.53$4.19
Jan 2025Allegiant Resources,5675519266660$75.74$4.13
Dec 2024Allegiant Resources,7156969185810$70.12$3.01
Nov 2024Allegiant Resources,193198363190$69.95$2.12
Oct 2024Allegiant Resources,4874995021160$71.99$2.20
Sep 2024Allegiant Resources,1,0461,0249004840$70.24$2.28
Aug 2024Allegiant Resources,9809868805090$76.68$1.99
Jul 2024Allegiant Resources,1,1671,1739106300$81.80$2.07
Jun 2024Allegiant Resources,1,3741,3829007060$79.77$2.54
May 2024Allegiant Resources,1,0671,0286974270$80.02$2.12
Apr 2024Allegiant Resources,1,3331,3878916380$85.35$1.60
Mar 2024Allegiant Resources,1,3461,3588877470$81.28$1.49
Feb 2024Allegiant Resources,1,3311,3098296930$77.25$1.72
Jan 2024Allegiant Resources,1,4801,4379517220$74.15$3.18
Dec 2023Allegiant Resources,1,6721,7479618340$71.90$2.52
Nov 2023Allegiant Resources,1,7141,7039278220$77.69$2.71
Oct 2023Allegiant Resources,1,9281,9049298910$85.64$2.98
Sep 2023Allegiant Resources,1,9471,9568618160$89.43$2.64
Aug 2023Allegiant Resources,2,3422,3979818810$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

OperatorGoldking Minerals Mgmt, L.L.C.FieldBloomington (4600)CountyVictoria County

Goldking Minerals Mgmt, L.L.C. in Victoria County

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Bloomington (4600) field

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