Texas oil lease
ProducingGREGORY, MARGARET UNIT
Gregory, Margaret Unit is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.
1 well
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Lee County
- RRC lease
- 03-15261
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 1,271 mcf
- Oil in Jul 2026
- 0 bbl
Checks stopped on this lease?
- Operator
Operator changed: Magnolia Oil & Gas Operating LLC took over from Dallas Petroleum Group, LLC in Aug 2025.
- Sales
No sales reported for the last 3 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 leaseProduction by month
Oil output fell 51% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
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
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Who has run this lease
The operator changed once, most recently in Aug 2025
- Magnolia Oil & Gas Operating LLC Aug 2025 to now
- Dallas Petroleum Group, LLC Jan 2020 to Jul 2025
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-287-31054 | 1 | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Energy Trans Crude Marketing LLC | Oil | Gathers | 100 | Mar 1, 2022 | – |
| Dcp Operating Company, LP | Casinghead gas | Buys | 100 | Apr 1, 2017 | – |
| Dcp Operating Company, LP | Casinghead gas | Gathers | 100 | Apr 1, 2017 | – |
| Genesis Crude Oil, L.p. | Oil | Gathers | 100 | Aug 1, 2020 | Mar 1, 2022 |
| Plains Marketing, L.p. | Oil | Gathers | 100 | Apr 1, 2003 | Aug 1, 2020 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
273.28 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.
- Worth asking
A Rule 37 case is listed
The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-287-31054 | 1 | Jan 5, 1998 | Feb 1, 1982 | 273.28 |
| 42-287-31054 | 1RE | Jan 5, 1998 | Feb 1, 1982 | 273.28 |
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Magnolia Oil | 0 | 0 | 4 | 4 | 0 | $80.46 | $2.89 |
| Jun 2026Magnolia Oil | 1 | 0 | 3 | 3 | 0 | $84.81 | $3.15 |
| May 2026Magnolia Oil | 0 | 0 | 21 | 21 | 0 | $102.13 | $2.94 |
| Apr 2026Magnolia Oil | 174 | 196 | 198 | 198 | 0 | $100.32 | $2.77 |
| Mar 2026Magnolia Oil | 400 | 557 | 470 | 470 | 0 | $91.38 | $3.04 |
| Feb 2026Magnolia Oil | 216 | 192 | 62 | 62 | 0 | $64.51 | $3.62 |
| Jan 2026Magnolia Oil | 183 | 188 | 105 | 105 | 0 | $60.04 | $7.72 |
| Dec 2025Magnolia Oil | 226 | 193 | 71 | 71 | 0 | $57.97 | $4.26 |
| Nov 2025Magnolia Oil | 144 | 4 | 18 | 18 | 0 | $60.06 | $3.79 |
| Oct 2025Magnolia Oil | 5 | 0 | 0 | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Magnolia Oil | 7 | 0 | 301 | 301 | 0 | $63.96 | $2.97 |
| Aug 2025Magnolia Oil | 9 | 868 | 18 | 18 | 0 | $64.86 | $2.91 |
| Jul 2025Dallas Petroleum | 172 | 182 | 143 | 143 | 0 | $68.39 | $3.20 |
| Jun 2025Dallas Petroleum | 427 | 15 | 104 | 104 | 0 | $68.17 | $3.02 |
| May 2025Dallas Petroleum | 86 | 1 | 10 | 10 | 0 | $62.17 | $3.12 |
| Apr 2025Dallas Petroleum | 16 | 2 | 4 | 4 | 0 | $63.54 | $3.42 |
| Mar 2025Dallas Petroleum | 235 | 380 | 92 | 92 | 0 | $68.24 | $4.12 |
| Feb 2025Dallas Petroleum | 139 | 0 | 13 | 13 | 0 | $71.53 | $4.19 |
| Jan 2025Dallas Petroleum | 111 | 301 | 0 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Dallas Petroleum | 63 | 186 | 42 | 42 | 0 | $70.12 | $3.01 |
| Nov 2024Dallas Petroleum | 269 | 191 | 136 | 136 | 0 | $69.95 | $2.12 |
| Oct 2024Dallas Petroleum | 395 | 577 | 160 | 160 | 0 | $71.99 | $2.20 |
| Sep 2024Dallas Petroleum | 368 | 379 | 91 | 91 | 0 | $70.24 | $2.28 |
| Aug 2024Dallas Petroleum | 482 | 520 | 224 | 224 | 0 | $76.68 | $1.99 |
| Jul 2024Dallas Petroleum | 441 | 380 | 69 | 69 | 0 | $81.80 | $2.07 |
| Jun 2024Dallas Petroleum | 398 | 554 | 234 | 234 | 0 | $79.77 | $2.54 |
| May 2024Dallas Petroleum | 575 | 370 | 95 | 95 | 0 | $80.02 | $2.12 |
| Apr 2024Dallas Petroleum | 69 | 178 | 56 | 56 | 0 | $85.35 | $1.60 |
| Mar 2024Dallas Petroleum | 416 | 370 | 220 | 220 | 0 | $81.28 | $1.49 |
| Feb 2024Dallas Petroleum | 285 | 385 | 23 | 23 | 0 | $77.25 | $1.72 |
| Jan 2024Dallas Petroleum | 111 | 0 | 15 | 15 | 0 | $74.15 | $3.18 |
| Dec 2023Dallas Petroleum | 25 | 0 | 21 | 21 | 0 | $71.90 | $2.52 |
| Nov 2023Dallas Petroleum | 196 | 204 | 18 | 18 | 0 | $77.69 | $2.71 |
| Oct 2023Dallas Petroleum | 153 | 180 | 9 | 9 | 0 | $85.64 | $2.98 |
| Sep 2023Dallas Petroleum | 82 | 4 | 0 | 0 | 0 | $89.43 | $2.64 |
| Aug 2023Dallas Petroleum | 286 | 171 | 0 | 0 | 0 | $81.39 | $2.58 |
SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.
How to check your stub against this lease Checks stopped on this lease? See the likely reasonsDo your checks match this lease?
Nearby
This lease belongs to
Magnolia Oil & Gas Operating LLC in Lee County
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32,693 mcf
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1,393 bbl
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32,728 mcf
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