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Texas oil lease

Producing

GERDES "B"

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

Gas well dossier

287mcf gas, last 12 months−86% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22806

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas in Jul 2026
26 mcf
Reporting since
Jan 2020

Production by month

Gas output fell 86% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 86% over the last 12 monthsMonthly gas production and oil for GERDES "B", Aug 2023 to Jul 2026. Gas output fell 86% over the last 12 months. 287 mcf in the 12 months through Jul 2026, against 2,080 mcf in the 12 months before.Last 12 months: 287 mcfmcf per monthbbl per month0020054001060015800201,00025Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 86% over the last 12 monthsMonthly gas production and oil for GERDES "B", Aug 2023 to Jul 2026. Gas output fell 86% over the last 12 months. 287 mcf in the 12 months through Jul 2026, against 2,080 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0020054001060015800201,00025Jan 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 GERDES "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 GERDES "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.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2021
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jul 1, 2021

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

Who buys my oilOil price check

155.76 acres on the newest permit

Permits for Gerdes "B"
API numberWell no.Acreson the permit
42-287-305172155.76
42-287-305172RE155.76

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 GERDES "B"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20260026260$80.46$2.89
Jun 20260047470$84.81$3.15
May 202600000$102.13$2.94
Apr 20260045450$100.32$2.77
Mar 20260048480$91.38$3.04
Feb 202600000$64.51$3.62
Jan 20260021210$60.04$7.72
Dec 20250018180$57.97$4.26
Nov 202500000$60.06$3.79
Oct 20250229290$60.89$3.19
Sep 20250027270$63.96$2.97
Aug 20250026260$64.86$2.91
Jul 202500550$68.39$3.20
Jun 202500770$68.17$3.02
May 20250023230$62.17$3.12
Apr 20250054540$63.54$3.42
Mar 2025002072070$68.24$4.12
Feb 202513000$71.53$4.19
Jan 202511000$75.74$4.13
Dec 2024001441440$70.12$3.01
Nov 2024023643640$69.95$2.12
Oct 20240121210$71.99$2.20
Sep 2024154694690$70.24$2.28
Aug 2024117867860$76.68$1.99
Jul 2024114004000$81.80$2.07
Jun 2024006366360$79.77$2.54
May 2024004234230$80.02$2.12
Apr 20242201041040$85.35$1.60
Mar 2024014634630$81.28$1.49
Feb 2024304804800$77.25$1.72
Jan 202421817537530$74.15$3.18
Dec 2023122622620$71.90$2.52
Nov 2023105315310$77.69$2.71
Oct 2023007017010$85.64$2.98
Sep 2023007547540$89.43$2.64
Aug 2023008598590$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

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

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Austin Chalk-3) field

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