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Texas oil lease

Producing

FREEMAN-SCHOTT UNIT

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

1 well

1,852bbl oil, last 12 months+135% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21637

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
3,679 mcf
Oil in Jul 2026
148 bbl

Production by month

Oil output rose 135% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 135% over the last 12 monthsMonthly oil production and gas for FREEMAN-SCHOTT UNIT, Aug 2023 to Jul 2026. Oil output rose 135% over the last 12 months. 1,852 bbl in the 12 months through Jul 2026, against 789 bbl in the 12 months before.Last 12 months: 1,852 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 135% over the last 12 monthsMonthly oil production and gas for FREEMAN-SCHOTT UNIT, Aug 2023 to Jul 2026. Oil output rose 135% over the last 12 months. 1,852 bbl in the 12 months through Jul 2026, against 789 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of FREEMAN-SCHOTT UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 a transmission line in the last 12 monthsShare of FREEMAN-SCHOTT UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on FREEMAN-SCHOTT UNIT
API numberWell no.Status
42-149-325881Active

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
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017

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

Who buys my oilOil price check

187.43 acres on the newest permit

A pooling certificate was filed

Permits for Freeman-Schott Unit
API numberWell no.Acreson the permit
42-149-325881187.43

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 FREEMAN-SCHOTT UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202614802952950$80.46$2.89
Jun 20261371876126120$84.81$3.15
May 20261711878198190$102.13$2.94
Apr 20261581786836830$100.32$2.77
Mar 20262341887487480$91.38$3.04
Feb 202618918431310$64.51$3.62
Jan 202623536912120$60.04$7.72
Dec 20255133802742740$57.97$4.26
Nov 202567076760$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202500000$63.96$2.97
Aug 2025001291290$64.86$2.91
Jul 202501000$68.39$3.20
Jun 202507326260$68.17$3.02
May 20257203003000$62.17$3.12
Apr 2025241843403400$63.54$3.42
Mar 202512104264260$68.24$4.12
Feb 2025671832962960$71.53$4.19
Jan 20256313293290$75.74$4.13
Dec 20246403613610$70.12$3.01
Nov 2024651744584580$69.95$2.12
Oct 20247106356350$71.99$2.20
Sep 20241101707137130$70.24$2.28
Aug 20241321878038030$76.68$1.99
Jul 20241491831,0451,0450$81.80$2.07
Jun 20241481809149140$79.77$2.54
May 202416109969960$80.02$2.12
Apr 20241572899829820$85.35$1.60
Mar 20242021851,0731,0730$81.28$1.49
Feb 20241911918618610$77.25$1.72
Jan 20242221921,1091,1090$74.15$3.18
Dec 20232161871,0941,0940$71.90$2.52
Nov 20231761851,3831,3830$77.69$2.71
Oct 202314601,5591,5590$85.64$2.98
Sep 20231401881,9231,9230$89.43$2.64
Aug 20233413771,1641,1640$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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