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Texas oil lease

Producing

JOSEY WALES

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

1 well

21,204bbl oil, last 12 months−52% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28026

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
57,946 mcf
Oil in Jul 2026
1,391 bbl

Production by month

Oil output fell 52% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for JOSEY WALES, Dec 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 21,204 bbl in the 12 months through Jul 2026, against 44,412 bbl in the 12 months before.Last 12 months: 21,204 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 52% over the last 12 monthsMonthly oil production and gas for JOSEY WALES, Dec 2023 to Jul 2026. Oil output fell 52% over the last 12 months. 21,204 bbl in the 12 months through Jul 2026, against 44,412 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

57% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Nov 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
57% of the gas went to a transmission line in the last 12 monthsShare of JOSEY WALES gas by disposition code each month, Dec 2023 to Jul 2026. 57% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
57% of the gas went to a transmission line in the last 12 monthsShare of JOSEY WALES gas by disposition code each month, Dec 2023 to Jul 2026. 57% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Nov 2025.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    57% · 33,303 mcf

  • Flared (4)

    41% · 23,961 mcf

  • Lease fuel (1)

    1.2% · 682 mcf

41.4% of the gas flared in the last 12 months. 27 months above 3%.

1 well on this lease

Wells on JOSEY WALES
API numberWell no.Status
42-331-351211HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75Nov 1, 2022
4J Energy, LLCOilGathers25Nov 1, 2022
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2022
Energy Transfer CompanyCasinghead gasGathers100Nov 1, 2022

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

Who buys my oilOil price check

2,537.87 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Josey Wales
API numberWell no.Acreson the permit
42-331-351211HA2,537.87

SourceRailroad Commission drilling permits, Oct 3, 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

32 months, newest first

Ledger for JOSEY WALES
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,3911,2744,6094,50112$80.46$2.89
Jun 20261,4061,4114,8584,71819$84.81$3.15
May 20261,3961,4174,1213,95063$102.13$2.94
Apr 20261,4771,4335,6374,814706$100.32$2.77
Mar 20261,6811,7895,9695,213612$91.38$3.04
Feb 20261,7621,9084,6705404,034$64.51$3.62
Jan 20262,0841,7924,97304,973$60.04$7.72
Dec 20252,0482,1295,08305,083$57.97$4.26
Nov 20251,8591,9514,56704,567$60.06$3.79
Oct 20251,9391,9644,6311,3553,276$60.89$3.19
Sep 20252,0141,9604,3543,993361$63.96$2.97
Aug 20252,1472,1484,4744,219255$64.86$2.91
Jul 20252,1812,1374,5174,270247$68.39$3.20
Jun 20252,3582,6414,8024,188614$68.17$3.02
May 20251,7321,4133,8623,218644$62.17$3.12
Apr 20253,1273,1956,0465,794252$63.54$3.42
Mar 20253,4013,3856,6455,977668$68.24$4.12
Feb 20253,2473,1956,2065,473733$71.53$4.19
Jan 20253,7583,8977,0275,9771,050$75.74$4.13
Dec 20244,0673,9427,8546,6221,232$70.12$3.01
Nov 20244,3544,6248,2747,369905$69.95$2.12
Oct 20244,8014,6019,1354,8434,292$71.99$2.20
Sep 20245,1115,2699,6469068,740$70.24$2.28
Aug 20246,2755,99410,75737710,380$76.68$1.99
Jul 20245,7835,9189,4052120$81.80$2.07
Jun 20246,3906,31010,76537210,393$79.77$2.54
May 20249,69210,14313,5173,35910,158$80.02$2.12
Apr 20248,0837,86311,3534,3596,994$85.35$1.60
Mar 202413,16513,17217,2855,54611,739$81.28$1.49
Feb 202414,11714,12715,00869814,310$77.25$1.72
Jan 20249,8939,3724,8861,1203,766$74.15$3.18
Dec 202300000$71.90$2.52

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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