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Texas oil lease

Producing

IVORY UNIT

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

1 well

238bbl oil, last 12 months−44% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23282

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
1,048 mcf
Oil in Jul 2026
9 bbl

Production by month

Oil output fell 44% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for IVORY UNIT, Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 238 bbl in the 12 months through Jul 2026, against 423 bbl in the 12 months before.Last 12 months: 238 bblbbl per monthmcf per month0025500501,000751,5001002,0001252,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 44% over the last 12 monthsMonthly oil production and gas for IVORY UNIT, Aug 2023 to Jul 2026. Oil output fell 44% over the last 12 months. 238 bbl in the 12 months through Jul 2026, against 423 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0025500501,000751,5001002,0001252,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2024 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
Since Jul 2024 the lease's gas goes to a transmission line instead of lease fuelShare of IVORY UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2024 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2024: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2024 the lease's gas goes to a transmission line instead of lease fuelShare of IVORY UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2024 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%Jul 24: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    81% · 3,565 mcf

  • Lease fuel (1)

    19% · 854 mcf

Who has run this lease

The operator changed once, most recently in May 2024

Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating…May 2024 to now
Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on IVORY UNIT
API numberWell no.Status
42-149-329961Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gulfmark Energy, Inc.OilGathers100Jan 1, 2017–
Dcp Operating Company, LPCasinghead gasBuys100May 1, 2024–
Amp Texas Pipelines, LLCCasinghead gasGathers100Jul 1, 2020–
Energy Transfer CompanyCasinghead gasBuys100May 1, 2005May 1, 2024
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005Jul 1, 2020

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

Who buys my oilOil price check

493.22 acres on the newest permit

A pooling certificate was filed

Permits for Ivory Unit
API numberWell no.Acreson the permit
42-149-329961493.22

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 IVORY UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil912782780$80.46$2.89
Jun 2026Magnolia Oil6022220$84.81$3.15
May 2026Magnolia Oil2414129290$102.13$2.94
Apr 2026Magnolia Oil00000$100.32$2.77
Mar 2026Magnolia Oil00000$91.38$3.04
Feb 2026Magnolia Oil00000$64.51$3.62
Jan 2026Magnolia Oil911681561560$60.04$7.72
Dec 2025Magnolia Oil10804024020$57.97$4.26
Nov 2025Magnolia Oil00000$60.06$3.79
Oct 2025Magnolia Oil0024240$60.89$3.19
Sep 2025Magnolia Oil00000$63.96$2.97
Aug 2025Magnolia Oil001371370$64.86$2.91
Jul 2025Magnolia Oil002512510$68.39$3.20
Jun 2025Magnolia Oil004792690$68.17$3.02
May 2025Magnolia Oil007745570$62.17$3.12
Apr 2025Magnolia Oil2908196090$63.54$3.42
Mar 2025Magnolia Oil4101,0488310$68.24$4.12
Feb 2025Magnolia Oil761791,8091,6830$71.53$4.19
Jan 2025Magnolia Oil005063100$75.74$4.13
Dec 2024Magnolia Oil2507835660$70.12$3.01
Nov 2024Magnolia Oil901771,5761,3660$69.95$2.12
Oct 2024Magnolia Oil5205873700$71.99$2.20
Sep 2024Magnolia Oil8306554450$70.24$2.28
Aug 2024Magnolia Oil2701,2411,0620$76.68$1.99
Jul 2024Magnolia Oil006525260$81.80$2.07
Jun 2024Magnolia Oil35021000$79.77$2.54
May 2024Magnolia Oil0021700$80.02$2.12
Apr 2024Geosouthern Energy731732782780$85.35$1.60
Mar 2024Geosouthern Energy691631,1711,1710$81.28$1.49
Feb 2024Geosouthern Energy8201,1181,1180$77.25$1.72
Jan 2024Geosouthern Energy9201,2401,2400$74.15$3.18
Dec 2023Geosouthern Energy721071,2641,2640$71.90$2.52
Nov 2023Geosouthern Energy681751,1941,1940$77.69$2.71
Oct 2023Geosouthern Energy6701,2391,2390$85.64$2.98
Sep 2023Geosouthern Energy5201,1121,1120$89.43$2.64
Aug 2023Geosouthern Energy451751,0721,0720$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)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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