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Texas oil lease

Producing

GREGG UNIT

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

1 well

1,990bbl oil, last 12 months−17% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21892

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
4,810 mcf
Oil in Jul 2026
73 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for GREGG UNIT, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 1,990 bbl in the 12 months through Jul 2026, against 2,392 bbl in the 12 months before.Last 12 months: 1,990 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for GREGG UNIT, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 1,990 bbl in the 12 months through Jul 2026, against 2,392 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 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 GREGG 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 GREGG 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.

Who has run this lease

The operator changed 3 times, most recently in Mar 2023

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating…Mar 2023 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on GREGG UNIT
API numberWell no.Status
42-051-333531Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Jul 31, 2023–
Energy Transfer CompanyCasinghead gasBuys100May 1, 2005–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2020Jul 31, 2023
Shell Trading (Us) CompanyOilGathers100Nov 30, 2019May 1, 2020
Enterprise Crude Oil LLCOilGathers25Jun 1, 2012Nov 30, 2019
Flint Hills Resources, LPOilGathers75Jun 1, 2012Nov 30, 2019

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

Who buys my oilOil price check

667.80 acres on the newest permit

A pooling certificate was filed

Permits for Gregg Unit
API numberWell no.Acreson the permit
42-051-333531667.80

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 GREGG UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil7318071710$80.46$2.89
Jun 2026Magnolia Oil2061824934930$84.81$3.15
May 2026Magnolia Oil2411855035030$102.13$2.94
Apr 2026Magnolia Oil1681684034030$100.32$2.77
Mar 2026Magnolia Oil1511784424420$91.38$3.04
Feb 2026Magnolia Oil1611743373370$64.51$3.62
Jan 2026Magnolia Oil1341793523520$60.04$7.72
Dec 2025Magnolia Oil1551773843840$57.97$4.26
Nov 2025Magnolia Oil2131844974970$60.06$3.79
Oct 2025Magnolia Oil2881787577570$60.89$3.19
Sep 2025Magnolia Oil701772022020$63.96$2.97
Aug 2025Magnolia Oil1301723693690$64.86$2.91
Jul 2025Magnolia Oil2001785185180$68.39$3.20
Jun 2025Magnolia Oil2381786516510$68.17$3.02
May 2025Magnolia Oil1703595915910$62.17$3.12
Apr 2025Magnolia Oil20925695690$63.54$3.42
Mar 2025Magnolia Oil2073535225220$68.24$4.12
Feb 2025Magnolia Oil18724404400$71.53$4.19
Jan 2025Magnolia Oil2091834494490$75.74$4.13
Dec 2024Magnolia Oil2003694614610$70.12$3.01
Nov 2024Magnolia Oil1931804674670$69.95$2.12
Oct 2024Magnolia Oil1881774754750$71.99$2.20
Sep 2024Magnolia Oil1961704724720$70.24$2.28
Aug 2024Magnolia Oil1951714824820$76.68$1.99
Jul 2024Magnolia Oil1971825215210$81.80$2.07
Jun 2024Magnolia Oil2051874804800$79.77$2.54
May 2024Magnolia Oil1891794754750$80.02$2.12
Apr 2024Magnolia Oil2161844934930$85.35$1.60
Mar 2024Magnolia Oil2733574794790$81.28$1.49
Feb 2024Magnolia Oil8402992990$77.25$1.72
Jan 2024Magnolia Oil2323624454450$74.15$3.18
Dec 2023Magnolia Oil2121864954950$71.90$2.52
Nov 2023Magnolia Oil2121725005000$77.69$2.71
Oct 2023Magnolia Oil2181785565560$85.64$2.98
Sep 2023Magnolia Oil1821775385380$89.43$2.64
Aug 2023Magnolia Oil1951785315310$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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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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