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Texas oil lease

No report in 6+ months

GIESE OIL UNIT

Giese Oil 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

2bbl oil, last 12 months−88% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21842

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
1,740 mcf
Oil in Sep 2025
0 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 11 months of state data (through Jul 2026).

  • Wells

    The one well on this lease is marked plugged.

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

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Production by month

Oil output fell 88% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 88% over the last 12 monthsMonthly oil production and gas for GIESE OIL UNIT, Oct 2022 to Sep 2025. Oil output fell 88% over the last 12 months. 2 bbl in the 12 months through Sep 2025, against 17 bbl in the 12 months before.Last 12 months: 2 bblbbl per monthmcf per month0050200100400150600200800Oct 22Jan 23AprJulOctJan 24AprJulOctJan 25AprJul
Oil output fell 88% over the last 12 monthsMonthly oil production and gas for GIESE OIL UNIT, Oct 2022 to Sep 2025. Oil output fell 88% over the last 12 months. 2 bbl in the 12 months through Sep 2025, against 17 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050200100400150600200800Jan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Dec 2023 the lease's gas goes to lease fuel instead of a transmission line

  • Transmission line (2)
  • Lease fuel (1)
Since Dec 2023 the lease's gas goes to lease fuel instead of a transmission lineShare of GIESE OIL UNIT gas by disposition code each month, Oct 2022 to Sep 2025. Since Dec 2023 the lease's gas goes to lease fuel instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2023: line to fuelOct 22Jan 23AprJulOctJan 24AprJulOctJan 25AprJul
Since Dec 2023 the lease's gas goes to lease fuel instead of a transmission lineShare of GIESE OIL UNIT gas by disposition code each month, Oct 2022 to Sep 2025. Since Dec 2023 the lease's gas goes to lease fuel instead of a transmission line.Share of gas by disposition code0%50%100%Dec 23: line to fuelJan 23JulJan 24JulJan 25Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on GIESE OIL UNIT
API numberWell no.Status
42-149-327031Active

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
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005

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

Who buys my oilOil price check

813.76 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.

  • Good to know

    All listed wells are plugged

    The RRC wellbore records mark all listed wells as plugged. These records do not show whether earlier royalties remain payable. Ask the payor about any unpaid months.

Check your decimal on this lease
Permits for Giese Oil Unit
API numberWell no.Acreson the permit
42-149-327031813.76

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 GIESE OIL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Sep 202500000$63.96$2.97
Aug 2025292000$64.86$2.91
Jul 202500000$68.39$3.20
Jun 2025007500$68.17$3.02
May 202500000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 2025004500$68.24$4.12
Feb 20250042000$71.53$4.19
Jan 20250046500$75.74$4.13
Dec 20240046500$70.12$3.01
Nov 20240027000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 20240042000$76.68$1.99
Jul 20240045000$81.80$2.07
Jun 20240039000$79.77$2.54
May 20241042000$80.02$2.12
Apr 20240034500$85.35$1.60
Mar 20245045000$81.28$1.49
Feb 20240043500$77.25$1.72
Jan 20248016500$74.15$3.18
Dec 20233046500$71.90$2.52
Nov 202300000$77.69$2.71
Oct 20230022220$85.64$2.98
Sep 20230036360$89.43$2.64
Aug 202315059590$81.39$2.58
Jul 20230065650$76.07$2.55
Jun 20230035350$70.25$2.18
May 20230068680$71.58$2.15
Apr 20230053530$79.45$2.16
Mar 202368185353530$73.28$2.31
Feb 2023770280550$76.83$2.38
Jan 2023590418580$78.12$3.27
Dec 202264169426510$76.44$5.53
Nov 20229216401900$84.37$5.45
Oct 2022168183527620$87.55$5.66

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)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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Giddings (Austin Chalk-3) field

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