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Texas oil lease

Producing

HELEN #1 UNIT

Helen #1 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

243bbl oil, last 12 months+37% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-11984

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
1,335 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 2 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 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 37% over the last 12 monthsMonthly oil production and gas for HELEN #1 UNIT, Aug 2023 to Jul 2026. Oil output rose 37% over the last 12 months. 243 bbl in the 12 months through Jul 2026, against 177 bbl in the 12 months before.Last 12 months: 243 bblbbl per monthmcf per month0020100402006030080400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 37% over the last 12 monthsMonthly oil production and gas for HELEN #1 UNIT, Aug 2023 to Jul 2026. Oil output rose 37% over the last 12 months. 243 bbl in the 12 months through Jul 2026, against 177 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020100402006030080400Jan 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 HELEN #1 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 HELEN #1 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 once, most recently in Aug 2025

Operators of this lease over timeDallas Petroleum Group, LLC, Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025Dallas Petroleum Group, LLCJan 2020 to Jul 2025Magnolia Oil & Gas Operating…Aug 2025 to now
Operators of this lease over timeDallas Petroleum Group, LLC, Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025Dallas Petroleum Group, LLCJan 2020 to Jul 2025Magnolia Oil & Gas Operating LLCAug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on HELEN #1 UNIT
API numberWell no.Status
42-287-303401Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Mar 1, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Enterprise Crude Oil LLCOilGathers50Feb 1, 2014Mar 1, 2022
Genesis Crude Oil, L.p.OilGathers50Jan 1, 2013Mar 1, 2022

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

Who buys my oilOil price check

120 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 Helen #1 Unit
API numberWell no.Acreson the permit
42-287-303401120

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 HELEN #1 UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil0096960$80.46$2.89
Jun 2026Magnolia Oil601131130$84.81$3.15
May 2026Magnolia Oil291691061060$102.13$2.94
Apr 2026Magnolia Oil4411131130$100.32$2.77
Mar 2026Magnolia Oil1911291290$91.38$3.04
Feb 2026Magnolia Oil33192920$64.51$3.62
Jan 2026Magnolia Oil001141140$60.04$7.72
Dec 2025Magnolia Oil5331171170$57.97$4.26
Nov 2025Magnolia Oil9092920$60.06$3.79
Oct 2025Magnolia Oil1501121120$60.89$3.19
Sep 2025Magnolia Oil301432512510$63.96$2.97
Aug 2025Magnolia Oil5163000$64.86$2.91
Jul 2025Dallas Petroleum5028280$68.39$3.20
Jun 2025Dallas Petroleum211141140$68.17$3.02
May 2025Dallas Petroleum1111231230$62.17$3.12
Apr 2025Dallas Petroleum701341340$63.54$3.42
Mar 2025Dallas Petroleum7701211210$68.24$4.12
Feb 2025Dallas Petroleum3002132130$71.53$4.19
Jan 2025Dallas Petroleum00000$75.74$4.13
Dec 2024Dallas Petroleum213676760$70.12$3.01
Nov 2024Dallas Petroleum9151510$69.95$2.12
Oct 2024Dallas Petroleum1411391390$71.99$2.20
Sep 2024Dallas Petroleum211021020$70.24$2.28
Aug 2024Dallas Petroleum1801421420$76.68$1.99
Jul 2024Dallas Petroleum2186860$81.80$2.07
Jun 2024Dallas Petroleum5501971970$79.77$2.54
May 2024Dallas Petroleum3801891890$80.02$2.12
Apr 2024Dallas Petroleum117543430$85.35$1.60
Mar 2024Dallas Petroleum1111501500$81.28$1.49
Feb 2024Dallas Petroleum2011091090$77.25$1.72
Jan 2024Dallas Petroleum1001131130$74.15$3.18
Dec 2023Dallas Petroleum3301251250$71.90$2.52
Nov 2023Dallas Petroleum1411011010$77.69$2.71
Oct 2023Dallas Petroleum3087870$85.64$2.98
Sep 2023Dallas Petroleum0059590$89.43$2.64
Aug 2023Dallas Petroleum1501041040$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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