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Texas oil lease

Producing

JOE ONE

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

1 well

51,789bbl oil, last 12 months−64% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28182

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
166,944 mcf
Oil in Jul 2026
3,121 bbl

Production by month

Oil output fell 64% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 64% over the last 12 monthsMonthly oil production and gas for JOE ONE, Jun 2024 to Jul 2026. Oil output fell 64% over the last 12 months. 51,789 bbl in the 12 months through Jul 2026, against 142,053 bbl in the 12 months before.Last 12 months: 51,789 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 64% over the last 12 monthsMonthly oil production and gas for JOE ONE, Jun 2024 to Jul 2026. Oil output fell 64% over the last 12 months. 51,789 bbl in the 12 months through Jul 2026, against 142,053 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a transmission line in the last 12 monthsShare of JOE ONE gas by disposition code each month, Jun 2024 to Jul 2026. 96% 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%Jul 24OctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of JOE ONE gas by disposition code each month, Jun 2024 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 160,222 mcf

  • Lease fuel (1)

    3.7% · 6,203 mcf

  • Flared (4)

    0.3% · 519 mcf

0.3% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on JOE ONE
API numberWell no.Status
42-287-32782H 01JBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers40Jun 13, 2024
Enterprise Crude Oil LLCOilGathers30Jun 13, 2024
Shell Trading (Us) CompanyOilGathers30Jun 13, 2024
Et Gathering & Processing LLCCasinghead gasBuys100Jun 13, 2024
Energy Transfer CompanyCasinghead gasGathers100Jun 13, 2024

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

Who buys my oilOil price check

1,321.19 acres on the newest permit

An allocation well is on this lease

Permits for Joe One
API numberWell no.Acreson the permit
42-287-32782H 01JB1,321.19

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

26 months, newest first

Ledger for JOE ONE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20263,1213,08711,64111,12517$80.46$2.89
Jun 20263,0083,06610,87210,36826$84.81$3.15
May 20263,3213,31112,66012,1278$102.13$2.94
Apr 20263,4273,38312,92012,45851$100.32$2.77
Mar 20263,8483,89713,93913,46229$91.38$3.04
Feb 20264,2164,37813,52713,04375$64.51$3.62
Jan 20264,2014,03315,04614,46359$60.04$7.72
Dec 20254,4094,49113,68713,10018$57.97$4.26
Nov 20254,7974,95915,40214,71323$60.06$3.79
Oct 20255,5865,31616,19915,37689$60.89$3.19
Sep 20255,4275,49814,65714,11674$63.96$2.97
Aug 20256,4286,62716,39415,87150$64.86$2.91
Jul 20257,4277,21720,59119,975100$68.39$3.20
Jun 20257,7267,78617,92617,40982$68.17$3.02
May 20258,3138,22717,02116,66579$62.17$3.12
Apr 20259,2419,24817,25316,986146$63.54$3.42
Mar 202512,22512,28018,53918,278102$68.24$4.12
Feb 202511,80612,03015,55715,354184$71.53$4.19
Jan 202513,97513,89916,88716,722142$75.74$4.13
Dec 202413,38813,19614,08613,915168$70.12$3.01
Nov 202412,57912,55911,75411,66687$69.95$2.12
Oct 202413,67313,64811,98011,91662$71.99$2.20
Sep 202414,84615,14613,39113,30583$70.24$2.28
Aug 202416,85416,73815,36015,244115$76.68$1.99
Jul 202417,06817,10216,08115,859222$81.80$2.07
Jun 20247,5687,2437,8987,83662$79.77$2.54

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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