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Texas oil lease

Producing

HILLIARD UNIT

Hilliard 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

70bbl oil, last 12 months−96% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-11835

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
4,877 mcf
Oil in Jul 2026
0 bbl

Checks stopped on this lease?

  • Operator

    Operator changed: Magnolia Oil & Gas Operating LLC took over from U. S. Operating, Inc. in Aug 2025.

  • P-5

    The previous operator's P-5 registration is listed as inactive since Nov 26, 2025 (last P-5 filed Nov 18, 2024).

  • Sales

    No sales reported for the last 10 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 96% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 96% over the last 12 monthsMonthly oil production and gas for HILLIARD UNIT, Aug 2023 to Jul 2026. Oil output fell 96% over the last 12 months. 70 bbl in the 12 months through Jul 2026, against 1,757 bbl in the 12 months before.Last 12 months: 70 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 96% over the last 12 monthsMonthly oil production and gas for HILLIARD UNIT, Aug 2023 to Jul 2026. Oil output fell 96% over the last 12 months. 70 bbl in the 12 months through Jul 2026, against 1,757 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Jan 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 HILLIARD 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 HILLIARD 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 timeU. S. Operating, Inc., Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025U. S. Operating, Inc.Jan 2020 to Jul 2025Magnolia Oil & Gas Operating…Aug 2025 to now
Operators of this lease over timeU. S. Operating, Inc., Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025U. S. Operating, Inc.Jan 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 HILLIARD UNIT
API numberWell no.Status
42-287-303131Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyOilGathers100Jan 1, 2019–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Enterprise Crude Oil LLCOilGathers100Jan 1, 2016Jan 1, 2019

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 Hilliard Unit
API numberWell no.Acreson the permit
42-287-303131120

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 HILLIARD UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil002732730$80.46$2.89
Jun 2026Magnolia Oil302332330$84.81$3.15
May 2026Magnolia Oil002592590$102.13$2.94
Apr 2026Magnolia Oil003233230$100.32$2.77
Mar 2026Magnolia Oil005005000$91.38$3.04
Feb 2026Magnolia Oil002542540$64.51$3.62
Jan 2026Magnolia Oil004464460$60.04$7.72
Dec 2025Magnolia Oil0091910$57.97$4.26
Nov 2025Magnolia Oil003233230$60.06$3.79
Oct 2025Magnolia Oil003823820$60.89$3.19
Sep 2025Magnolia Oil151208048040$63.96$2.97
Aug 2025Magnolia Oil52279899890$64.86$2.91
Jul 2025U. S.3413481,0811,0810$68.39$3.20
Jun 2025U. S.3503431,0531,0530$68.17$3.02
May 2025U. S.3533531,1131,1130$62.17$3.12
Apr 2025U. S.1541751,3141,3140$63.54$3.42
Mar 2025U. S.8602,1302,1300$68.24$4.12
Feb 2025U. S.301,1391,1390$71.53$4.19
Jan 2025U. S.002082080$75.74$4.13
Dec 2024U. S.481103403400$70.12$3.01
Nov 2024U. S.1141019199190$69.95$2.12
Oct 2024U. S.1071129699690$71.99$2.20
Sep 2024U. S.1081639689680$70.24$2.28
Aug 2024U. S.9301,0941,0940$76.68$1.99
Jul 2024U. S.301291,0201,0200$81.80$2.07
Jun 2024U. S.8601,5881,5880$79.77$2.54
May 2024U. S.519019010$80.02$2.12
Apr 2024U. S.902362360$85.35$1.60
Mar 2024U. S.551789679670$81.28$1.49
Feb 2024U. S.6219279270$77.25$1.72
Jan 2024U. S.6809389380$74.15$3.18
Dec 2023U. S.391819649640$71.90$2.52
Nov 2023U. S.12111,0151,0150$77.69$2.71
Oct 2023U. S.561779949940$85.64$2.98
Sep 2023U. S.6629199190$89.43$2.64
Aug 2023U. S.6711,0371,0370$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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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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