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Texas oil lease

Producing

FOO UNIT

Foo Unit is an oil lease in Karnes County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Eagleville (Eagle Ford-2) field.

6 wells

36,464bbl oil, last 12 months−3% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Eagleville (Eagle Ford-2)
RRC lease
02-11883

69 royalty accounts on the county roll

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Gas, last 12 months
63,951 mcf
Oil in Aug 2026
2,952 bbl
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Wells on this lease and around it

Where the state's map puts this lease's 6 wells, and what has been drilled or permitted within about 2 miles of them.
Map of the Foo Unit lease in Karnes County, Texas: its 6 wells ringed, among 274 wells and 35 recent drilling locations in a picture about 6 miles across.
  • This lease6Its wells, ringed on the map: all producing
  • Drilling locations35Permits issued in the last two years
  • Producing wells250On a lease reporting production now
  • Not producing12Shut in, inactive or no lease on record
  • Plugged12The state's wellbore record says plugged

The 6 ringed dots are this lease's wells, each where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, base map from USGS The National Map.

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A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

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You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/foo-unit-02-11883"><img src="https://royaltyclerk.com/maps/lease-wells/foo-unit-02-11883.svg" alt="Map of the Foo Unit lease in Karnes County, Texas: its 6 wells ringed, among 274 wells and 35 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/foo-unit-02-11883">Wells on the Foo Unit lease, Karnes County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Production by month

Oil output fell 3% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for FOO UNIT, Sep 2023 to Aug 2026. Oil output fell 3% over the last 12 months. 36,464 bbl in the 12 months through Aug 2026, against 37,721 bbl in the 12 months before.Last 12 months: 36,464 bblbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 3% over the last 12 monthsMonthly oil production and gas for FOO UNIT, Sep 2023 to Aug 2026. Oil output fell 3% over the last 12 months. 36,464 bbl in the 12 months through Aug 2026, against 37,721 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0005,0002,00010k3,00015k4,00020k5,00025kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

From the state record

What owners ask about Foo Unit

When is the check for August 2026 due?
August 2026 is the newest month the state has posted for this lease. Texas law gives the payor until 60 days after the end of the sale month for oil and 90 for gas: the oil by Oct 30, 2026 and the gas by Nov 29, 2026, unless the lease sets another time.
Source: Railroad Commission production reports; Texas Natural Resources Code §91.402.
See your next three checks
Which Texas production tax rate applies?
The Texas Comptroller lists no approved exemption or reduced rate for this lease for August 2026, so the full 4.6% on oil and 7.5% on gas applies.
Source: Texas Comptroller, approved severance tax exemptions.
Check the tax on your stub
Who buys the oil and gas?
Oil: Plains Marketing, L.p., Flint Hills Resources, LP and Phillips 66 Company gather it. Gas from oil wells: Energy Transfer Company buys it; Startex Field Services, LLC gathers it. The buyer's price is what a royalty check is figured on.
Source: Railroad Commission Form P-4, gatherers and purchasers.
See every buyer and past buyers
How many 1099s should an owner expect for 2025?
One company, Magnolia Oil & Gas Operating LLC, filed this lease's reports behind every 2025 check, so most owners get one form. The operator is not always the company that pays, so go by the name on the stubs.
Source: Railroad Commission production reports, operator of record by month.
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33 years of state records, 1993–2026

FOO UNIT since 2019

We read every monthly report the Railroad Commission holds, back to January 1993. This lease first reported in June 2019. It filed 87 monthly reports through August 2026.

Sold since 2019

$47.9 million

What the whole lease’s oil and gas sold for at each month’s public prices, before tax and the operator’s deductions. A royalty owner’s share is their decimal of it.

A relative owned a share? See what it earned after they died
Oil sold
821,123 bbl
Gas sold
975,143 mcf
Best year
2020$18.9 million sold
Last report
Aug 2026First: Jun 2019

Its best year was 2020: $18.9 million of oil and gas sold

Each bar is what the lease’s oil and gas sold for that year, at that month’s prices. 2026 is only part of a year in the records, drawn lighter.

  • Oil
  • Gas
Its best year was 2020: $18.9 million of oil and gas soldFoo Unit: oil and gas sold each year from 2019 to 2026, at each month's prices. Its best year was 2020: $18.9 million of oil and gas sold.Sold each year, at each month’s prices$0$5M$10M$15M$20MPeak 2020: $19M20192020202120222023202420252026
Its best year was 2020: $18.9 million of oil and gas soldFoo Unit: oil and gas sold each year from 2019 to 2026, at each month's prices. Its best year was 2020: $18.9 million of oil and gas sold.Sold each year, at each month’s prices$0$5M$10M$15M$20MPeak 2020: $19M'19'20'21'22'23'24'25'26

SourceTexas Railroad Commission Production Data Query, every monthly report since January 1993; EIA monthly WTI and Henry Hub prices (before 1997, EIA's yearly Texas natural gas wellhead price), through August 2026.

Every year as a table
Foo Unit: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *823,74724,610$2,057,361
20251236,55068,510$2,630,376
20241245,26063,040$3,609,265
20231256,44279,848$4,570,588
20221276,07553,578$7,618,226
202112121,468120,940$8,532,766
202012461,581564,617$18,923,006
2019700$0

* Part of the year: the records run through August 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuelShare of FOO UNIT gas by disposition code each month, Sep 2023 to Aug 2026. Since Jul 2026 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%Jul 2026: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuelShare of FOO UNIT gas by disposition code each month, Sep 2023 to Aug 2026. Since Jul 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Jul 26: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

  • Transmission line (2)

    67% · 42,893 mcf

  • Lease fuel (1)

    33% · 20,997 mcf

  • Flared (4)

    0.1% · 61 mcf

0.1% of the gas flared in the last 12 months. No month above 3%.

6 wells on this lease

Wells on FOO UNIT
API numberWellStatusCompleted
42-255-36468Foo Unit 1HShut inJun 19, 2019
42-255-36469Foo Unit 2HShut inJun 24, 2019
42-255-36470Foo Unit 3HShut inJun 29, 2019
42-255-36472Foo Unit 4HShut inJul 15, 2019
42-255-36473Foo Unit 5HShut inJul 20, 2019
42-255-36474Foo Unit 6HShut inJul 26, 2019

SourceTexas Railroad Commission production records and full wellbore file.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Plains Marketing, L.p.OilGathers40Jan 7, 2025–
Flint Hills Resources, LPOilGathers30Jan 7, 2025–
Phillips 66 CompanyOilGathers30Jan 7, 2025–
Energy Transfer CompanyCasinghead gasBuys100Feb 1, 2020–
Startex Field Services, LLCCasinghead gasGathers100Feb 1, 2020–
Ironwood Midst Energy Ptnrs LLCOilGathers33.33Feb 1, 2020Jan 7, 2025
Phillips 66 CompanyOilGathers33.33Feb 1, 2020Jan 7, 2025
Shell Trading (Us) CompanyOilGathers33.34Feb 1, 2020Jan 7, 2025

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

Who buys my oilOil price check

496.36 acres on the newest permit

Check your decimal on this lease
Permits for Foo Unit
API numberWell no.Acreson the permit
42-255-364724H496.36
42-255-364735H496.36
42-255-364746H496.36
42-255-364681H496.36
42-255-364692H496.36
42-255-364703H496.36

SourceRailroad Commission drilling permits, Oct 31, 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.

On the Karnes County roll

Karnes County Appraisal District

2026 roll
Owners
100
Accounts
100
Appraised in all
$1.1M$1,080,660

Each square is one account

  • Royalty69
  • Overriding royalty30
  • Working interest1

SourceKarnes County Appraisal District, 2026 mineral roll (source), read Sep 29, 2026. Accounts matched to this lease by RRC number or lease name; no owner is named.

Estimate your royalty

36 months, newest first

Ledger for FOO UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Aug 20262,9522,87112,2026,7971$83.90$2.78
Jul 20262,9772,9806,0053,8430$80.46$2.89
Jun 20263,0193,0676,1292,5730$84.81$3.15
May 20263,0903,1894,2632,89352$102.13$2.94
Apr 20262,8712,8114,1362,9350$100.32$2.77
Mar 20262,6142,6702,7251,9880$91.38$3.04
Feb 20262,7552,7681,9201,3825$64.51$3.62
Jan 20263,4743,3912,9502,1990$60.04$7.72
Dec 20253,1303,3182,8362,0740$57.97$4.26
Nov 20253,1392,9328,7086,7000$60.06$3.79
Oct 20253,5443,5165,8124,4040$60.89$3.19
Sep 20252,8993,1936,2655,1053$63.96$2.97
Aug 20252,2092,0495,4824,5020$64.86$2.91
Jul 20252,0972,1248,4336,6930$68.39$3.20
Jun 20253,1073,1159,4317,1930$68.17$3.02
May 20253,6483,51710,1637,5906$62.17$3.12
Apr 20252,6842,70713,56710,3940$63.54$3.42
Mar 20253,0113,0247,2115,9580$68.24$4.12
Feb 20253,5593,4554,8633,8580$71.53$4.19
Jan 20253,4723,6006,6244,03910$75.74$4.13
Dec 20243,5013,5335,0753,3050$70.12$3.01
Nov 20243,5323,6646,4054,8700$69.95$2.12
Oct 20243,4933,4156,8815,1870$71.99$2.20
Sep 20243,4083,4847,1345,0701$70.24$2.28
Aug 20243,6783,54811,3527,9100$76.68$1.99
Jul 20243,9833,8727,6275,9210$81.80$2.07
Jun 20243,7583,7477,7265,9690$79.77$2.54
May 20243,6173,5976,5905,2600$80.02$2.12
Apr 20243,8514,0946,5565,3540$85.35$1.60
Mar 20243,8183,9226,1434,5886$81.28$1.49
Feb 20243,6524,1676,8024,8940$77.25$1.72
Jan 20244,2884,2176,6364,712150$74.15$3.18
Dec 20234,4024,0967,4545,6190$71.90$2.52
Nov 20234,3304,3429,2777,0940$77.69$2.71
Oct 20234,3954,27514,0609,6950$85.64$2.98
Sep 20233,6183,86912,3949,3240$89.43$2.64

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldEagleville (Eagle Ford-2)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

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