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Texas oil lease · RRC district 03 · Lease 17857

Producing

JAMES UNIT

James Unit is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 3,595 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

3,595bbl oil, last 12 months+13% vs prior year
RRC lease
03-17857

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County · RRC district 03Open Burleson County →
Gas, last 12 months
21,011 mcf
Oil in Jul 2026
274 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output rose 13% over the last 12 months

3,595 bbl in the 12 months through Jul 2026, against 3,170 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output rose 13% over the last 12 monthsMonthly oil production and gas for JAMES UNIT, Aug 2023 to Jul 2026. Oil output rose 13% over the last 12 months. 3,595 bbl in the 12 months through Jul 2026, against 3,170 bbl in the 12 months before.Last 12 months: 3,595 bblbbl per monthmcf per month001005002001,0003001,5004002,0005002,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 13% over the last 12 monthsMonthly oil production and gas for JAMES UNIT, Aug 2023 to Jul 2026. Oil output rose 13% over the last 12 months. 3,595 bbl in the 12 months through Jul 2026, against 3,170 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, oil lease 17857, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plant

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.

  • Processing plant (3)
  • Transmission line (2)
Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plantShare of JAMES UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plant. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2023: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plantShare of JAMES UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plant. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.Share of gas by disposition code0%50%100%Dec 23: plant to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 17857, district 03. Reported through Jul 2026.

Processing plant (3)

Sent to a gas plant that pulls out natural gas liquids. Your statement should show plant products, and may show processing fees.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed 3 times, most recently in Mar 2023

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating…Mar 2023 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 17857 in district 03. The API number is the state’s ID for a well.
Wells on JAMES UNIT
API numberWell no.Status
42-051-326661 HActive

SourceTexas Railroad Commission Wellbore Query, district 03, lease 17857.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.
  • Oil

    Energy Transfer Company gathers it.

    100% of it, on the list since Jul 31, 2023

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Aug 31, 2007 · Energy Transfer Company gathers it: 100% of it, on the list since Aug 31, 2007

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 31, 2023); Shell Trading (Us) Company (gathers it, until May 1, 2020); Enterprise Crude Oil LLC (gathers it, until Nov 30, 2019); Flint Hills Resources, LP (gathers it, until Nov 30, 2019).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Unit and wells

204.72 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
22 not plugged
Horizontal
2
First completion
Jul 27, 1984
Latest permit
Jun 2, 1994

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for James Unit
API numberWell no.Acreson the permit
42-051-326661204.72
42-051-326661 H204.72

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says JAMES UNIT sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for JAMES UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil2743391,9001,9000$80.46$2.89
Jun 2026Magnolia Oil3543481,3111,3110$84.81$3.15
May 2026Magnolia Oil2351671,5751,5750$102.13$2.94
Apr 2026Magnolia Oil3603562,0712,0710$100.32$2.77
Mar 2026Magnolia Oil1961721,8331,8330$91.38$3.04
Feb 2026Magnolia Oil2513671,1711,1710$64.51$3.62
Jan 2026Magnolia Oil4013592,0282,0280$60.04$7.72
Dec 2025Magnolia Oil3983671,9681,9680$57.97$4.26
Nov 2025Magnolia Oil4233621,8901,8900$60.06$3.79
Oct 2025Magnolia Oil3705291,9841,9840$60.89$3.19
Sep 2025Magnolia Oil3331791,8171,8170$63.96$2.97
Aug 2025Magnolia Oil001,4631,4630$64.86$2.91
Jul 2025Magnolia Oil001,7431,7430$68.39$3.20
Jun 2025Magnolia Oil981841,7351,7350$68.17$3.02
May 2025Magnolia Oil3133471,8011,8010$62.17$3.12
Apr 2025Magnolia Oil2981781,8101,8100$63.54$3.42
Mar 2025Magnolia Oil3603871,9471,9470$68.24$4.12
Feb 2025Magnolia Oil3073661,7611,7610$71.53$4.19
Jan 2025Magnolia Oil3423671,7871,7870$75.74$4.13
Dec 2024Magnolia Oil3433721,9881,9880$70.12$3.01
Nov 2024Magnolia Oil3973792,1922,1920$69.95$2.12
Oct 2024Magnolia Oil4073572,4822,4820$71.99$2.20
Sep 2024Magnolia Oil1951791,6031,6030$70.24$2.28
Aug 2024Magnolia Oil1101817787780$76.68$1.99
Jul 2024Magnolia Oil2681882,1432,1430$81.80$2.07
Jun 2024Magnolia Oil2371871,8511,8510$79.77$2.54
May 2024Magnolia Oil2793731,9691,9690$80.02$2.12
Apr 2024Magnolia Oil3353551,7871,7870$85.35$1.60
Mar 2024Magnolia Oil3351941,8291,8290$81.28$1.49
Feb 2024Magnolia Oil2723561,6541,6540$77.25$1.72
Jan 2024Magnolia Oil2873671,6331,6330$74.15$3.18
Dec 2023Magnolia Oil3351781,8131,8130$71.90$2.52
Nov 2023Magnolia Oil3253591,7841,7840$77.69$2.71
Oct 2023Magnolia Oil3323571,8131,8130$85.64$2.98
Sep 2023Magnolia Oil3693602,1242,1240$89.43$2.64
Aug 2023Magnolia Oil3935322,0882,0880$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

Check your statements

Do your checks match this lease?

Upload your statements for JAMES UNIT. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Magnolia Oil & Gas Operating LLC.

  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

Magnolia Oil & Gas Operating LLC in Burleson County

All Magnolia Oil & Gas Operating LLC leases →

Giddings (Austin Chalk-3) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 17857, district 03, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.