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Texas oil lease

Producing

GANTT, T.K. "B"

Gantt, T.k. "B" is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Navarro, Oil) field.

1 well

180bbl oil, last 12 months−31% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Navarro, Oil)
RRC lease
03-17986

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
192 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Magnolia Oil & Gas Operating LLC took over from Gantt Operating Company, Inc. in Jun 2026.

  • P-5

    The previous operator's P-5 registration is listed as inactive since Aug 1, 2026 (last P-5 filed Sep 11, 2025).

  • Sales

    No sales reported for the last 2 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for GANTT, T.K. "B", Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 180 bbl in the 12 months through Jul 2026, against 259 bbl in the 12 months before.Last 12 months: 180 bblbbl per monthmcf per month001010202030304040Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for GANTT, T.K. "B", Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 180 bbl in the 12 months through Jul 2026, against 259 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001010202030304040Jan 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 GANTT, T.K. "B" 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 GANTT, T.K. "B" 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.

Who has run this lease

The operator changed once, most recently in Jun 2026

Operators of this lease over timeGantt Operating Company, Inc., Jan 2020 to May 2026; Magnolia Oil & Gas Operating LLC, Jun 2026 to Jul 20262020202120222023202420252026Changed Jun 2026Gantt Operating Company, Inc.Jan 2020 to May 2026Magnolia Oil & Gas Operating…Jun 2026 to now
Operators of this lease over timeGantt Operating Company, Inc., Jan 2020 to May 2026; Magnolia Oil & Gas Operating LLC, Jun 2026 to Jul 20262020202120222023202420252026Changed Jun 2026Gantt Operating Company, Inc.Jan 2020 to May 2026Magnolia Oil & Gas Operating LLCJun 2026 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on GANTT, T.K. "B"
API numberWell no.Status
42-287-305931Shut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Enterprise Crude Oil LLCOilGathers100May 1, 2010
Conocophillips CompanyCasinghead gasBuys100Jan 1, 2003
Conocophillips CompanyCasinghead gasGathers100Jan 1, 2003

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

Who buys my oilOil price check

40 acres on the newest permit

Check your decimal on this lease
Permits for Gantt, T.k. "B"
API numberWell no.Acreson the permit
42-287-30593140

SourceRailroad Commission drilling permits, Oct 3, 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 GANTT, T.K. "B"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil00000$80.46$2.89
Jun 2026Magnolia Oil1031310$84.81$3.15
May 2026Gantt Operating086000$102.13$2.94
Apr 2026Gantt Operating10020200$100.32$2.77
Mar 2026Gantt Operating21023230$91.38$3.04
Feb 2026Gantt Operating225016160$64.51$3.62
Jan 2026Gantt Operating20015150$60.04$7.72
Dec 2025Gantt Operating235017170$57.97$4.26
Nov 2025Gantt Operating26024240$60.06$3.79
Oct 2025Gantt Operating195314140$60.89$3.19
Sep 2025Gantt Operating27023230$63.96$2.97
Aug 2025Gantt Operating110990$64.86$2.91
Jul 2025Gantt Operating2346770$68.39$3.20
Jun 2025Gantt Operating24016160$68.17$3.02
May 2025Gantt Operating254916160$62.17$3.12
Apr 2025Gantt Operating19017170$63.54$3.42
Mar 2025Gantt Operating15018180$68.24$4.12
Feb 2025Gantt Operating355620200$71.53$4.19
Jan 2025Gantt Operating00000$75.74$4.13
Dec 2024Gantt Operating110880$70.12$3.01
Nov 2024Gantt Operating267414140$69.95$2.12
Oct 2024Gantt Operating26016160$71.99$2.20
Sep 2024Gantt Operating259818180$70.24$2.28
Aug 2024Gantt Operating30021210$76.68$1.99
Jul 2024Gantt Operating24018180$81.80$2.07
Jun 2024Gantt Operating299417170$79.77$2.54
May 2024Gantt Operating38023230$80.02$2.12
Apr 2024Gantt Operating70440$85.35$1.60
Mar 2024Gantt Operating26016160$81.28$1.49
Feb 2024Gantt Operating308716160$77.25$1.72
Jan 2024Gantt Operating19016160$74.15$3.18
Dec 2023Gantt Operating26015150$71.90$2.52
Nov 2023Gantt Operating14013130$77.69$2.71
Oct 2023Gantt Operating0017170$85.64$2.98
Sep 2023Gantt Operating30016160$89.43$2.64
Aug 2023Gantt Operating287318180$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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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Navarro, Oil)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Navarro, Oil) field

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