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Texas oil lease

Producing

HOFFMAN, GUS UNIT

Hoffman, Gus 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

297bbl oil, last 12 months−7% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-17802

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
6,456 mcf
Oil in Jul 2026
18 bbl

Production by month

Oil output fell 7% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for HOFFMAN, GUS UNIT, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 297 bbl in the 12 months through Jul 2026, against 318 bbl in the 12 months before.Last 12 months: 297 bblbbl per monthmcf per month00202504050060750801,0001001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 7% over the last 12 monthsMonthly oil production and gas for HOFFMAN, GUS UNIT, Aug 2023 to Jul 2026. Oil output fell 7% over the last 12 months. 297 bbl in the 12 months through Jul 2026, against 318 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00202504050060750801,0001001,250Jan 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 HOFFMAN, GUS 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 HOFFMAN, GUS 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.

1 well on this lease

Wells on HOFFMAN, GUS UNIT
API numberWell no.Status
42-287-316031Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2021
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jul 1, 2021

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

Who buys my oilOil price check

88 acres on the newest permit

A pooling certificate was filed

Permits for Hoffman, Gus Unit
API numberWell no.Acreson the permit
42-287-31603188

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 HOFFMAN, GUS UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026181793693690$80.46$2.89
Jun 20262704804800$84.81$3.15
May 20261718138130$102.13$2.94
Apr 20266011,0381,0380$100.32$2.77
Mar 20261102422420$91.38$3.04
Feb 20261602852850$64.51$3.62
Jan 2026221853663660$60.04$7.72
Dec 20252804764760$57.97$4.26
Nov 20252305845840$60.06$3.79
Oct 20253418898890$60.89$3.19
Sep 20252104674670$63.96$2.97
Aug 20252004474470$64.86$2.91
Jul 20252805075070$68.39$3.20
Jun 20252605145140$68.17$3.02
May 2025171836136130$62.17$3.12
Apr 20252507357350$63.54$3.42
Mar 20255401,1771,1770$68.24$4.12
Feb 20254706176170$71.53$4.19
Jan 202500000$75.74$4.13
Dec 20241202642640$70.12$3.01
Nov 20243418418410$69.95$2.12
Oct 2024311884984980$71.99$2.20
Sep 20242304174170$70.24$2.28
Aug 20242105795790$76.68$1.99
Jul 20242004244240$81.80$2.07
Jun 20242105985980$79.77$2.54
May 20242406556550$80.02$2.12
Apr 2024501361360$85.35$1.60
Mar 20243205815810$81.28$1.49
Feb 2024411905115110$77.25$1.72
Jan 20243007127120$74.15$3.18
Dec 20234906256250$71.90$2.52
Nov 20233506756750$77.69$2.71
Oct 20234607187180$85.64$2.98
Sep 2023491747677670$89.43$2.64
Aug 20233206556550$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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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