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Texas oil lease

Producing

GIDDINGS BUFFALO UNIT #1

Giddings Buffalo Unit #1 is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

16bbl oil, last 12 months+33% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-19433

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

Checks stopped on this lease?

  • Sales

    No sales reported for the last 9 months of state data (through Jul 2026).

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 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 33% over the last 12 monthsMonthly oil production and gas for GIDDINGS BUFFALO UNIT #1, Aug 2023 to Jul 2026. Oil output rose 33% over the last 12 months. 16 bbl in the 12 months through Jul 2026, against 12 bbl in the 12 months before.Last 12 months: 16 bblbbl per monthmcf per month0010100202003030040400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 33% over the last 12 monthsMonthly oil production and gas for GIDDINGS BUFFALO UNIT #1, Aug 2023 to Jul 2026. Oil output rose 33% over the last 12 months. 16 bbl in the 12 months through Jul 2026, against 12 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010100202003030040400Jan 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 GIDDINGS BUFFALO UNIT #1 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 GIDDINGS BUFFALO UNIT #1 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 GIDDINGS BUFFALO UNIT #1
API numberWell no.Status
42-287-319591Active

SourceTexas Railroad Commission Wellbore Query.

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

88 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Giddings Buffalo Unit #1
API numberWell no.Acreson the permit
42-287-31959188

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 GIDDINGS BUFFALO UNIT #1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600000$80.46$2.89
Jun 2026100000$84.81$3.15
May 202600000$102.13$2.94
Apr 202600000$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202600000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202500000$60.06$3.79
Oct 202522000$60.89$3.19
Sep 202533000$63.96$2.97
Aug 202511000$64.86$2.91
Jul 202500000$68.39$3.20
Jun 202500000$68.17$3.02
May 202500000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 202532000$68.24$4.12
Feb 202523000$71.53$4.19
Jan 202511000$75.74$4.13
Dec 20240019190$70.12$3.01
Nov 20241133330$69.95$2.12
Oct 20243181810$71.99$2.20
Sep 2024201251250$70.24$2.28
Aug 20240059590$76.68$1.99
Jul 20241088880$81.80$2.07
Jun 20245292920$79.77$2.54
May 2024002532530$80.02$2.12
Apr 20240042420$85.35$1.60
Mar 202401821811810$81.28$1.49
Feb 20242902172170$77.25$1.72
Jan 20241901931930$74.15$3.18
Dec 20231103573570$71.90$2.52
Nov 20231001291290$77.69$2.71
Oct 20231522792790$85.64$2.98
Sep 20232312802800$89.43$2.64
Aug 20231702242240$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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