Texas oil lease
ProducingKTB UNIT
KTB 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
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Fayette County
- RRC lease
- 03-21310
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 86 mcf
- Oil in Jul 2026
- 0 bbl
Production by month
Oil output fell 97% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
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
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-149-32503 | 1 | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From |
|---|---|---|---|---|
| Shell Trading (Us) Company | Oil | Gathers | 100 | Oct 1, 2015 |
| Magnolia Oil & Gas Operating LLC | Casinghead gas | Buys | 100 | Sep 1, 2018 |
| Dcp Operating Company, LP | Casinghead gas | Gathers | 100 | Apr 1, 2017 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
511.07 acres on the newest permit
A pooling certificate was filed
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-149-32503 | 1 | Dec 1, 2000 | Nov 23, 1991 | 511.07 |
| 42-149-32503 | 1RE | Dec 1, 2000 | Nov 23, 1991 | 511.07 |
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026 | 0 | 0 | 5 | 5 | 0 | $80.46 | $2.89 |
| Jun 2026 | 0 | 0 | 4 | 4 | 0 | $84.81 | $3.15 |
| May 2026 | 2 | 2 | 5 | 5 | 0 | $102.13 | $2.94 |
| Apr 2026 | 0 | 3 | 3 | 3 | 0 | $100.32 | $2.77 |
| Mar 2026 | 0 | 0 | 4 | 4 | 0 | $91.38 | $3.04 |
| Feb 2026 | 0 | 0 | 4 | 4 | 0 | $64.51 | $3.62 |
| Jan 2026 | 0 | 0 | 6 | 6 | 0 | $60.04 | $7.72 |
| Dec 2025 | 5 | 5 | 3 | 3 | 0 | $57.97 | $4.26 |
| Nov 2025 | 0 | 0 | 13 | 13 | 0 | $60.06 | $3.79 |
| Oct 2025 | 6 | 6 | 22 | 22 | 0 | $60.89 | $3.19 |
| Sep 2025 | 0 | 0 | 9 | 9 | 0 | $63.96 | $2.97 |
| Aug 2025 | 2 | 2 | 8 | 8 | 0 | $64.86 | $2.91 |
| Jul 2025 | 1 | 1 | 8 | 8 | 0 | $68.39 | $3.20 |
| Jun 2025 | 1 | 1 | 3 | 3 | 0 | $68.17 | $3.02 |
| May 2025 | 6 | 6 | 13 | 13 | 0 | $62.17 | $3.12 |
| Apr 2025 | 4 | 4 | 15 | 15 | 0 | $63.54 | $3.42 |
| Mar 2025 | 1 | 1 | 9 | 9 | 0 | $68.24 | $4.12 |
| Feb 2025 | 1 | 183 | 23 | 23 | 0 | $71.53 | $4.19 |
| Jan 2025 | 0 | 0 | 0 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024 | 46 | 0 | 271 | 271 | 0 | $70.12 | $3.01 |
| Nov 2024 | 74 | 172 | 1,225 | 1,225 | 0 | $69.95 | $2.12 |
| Oct 2024 | 98 | 0 | 953 | 953 | 0 | $71.99 | $2.20 |
| Sep 2024 | 141 | 178 | 1,695 | 1,695 | 0 | $70.24 | $2.28 |
| Aug 2024 | 127 | 190 | 1,830 | 1,830 | 0 | $76.68 | $1.99 |
| Jul 2024 | 122 | 0 | 1,486 | 1,486 | 0 | $81.80 | $2.07 |
| Jun 2024 | 207 | 195 | 1,814 | 1,814 | 0 | $79.77 | $2.54 |
| May 2024 | 283 | 191 | 1,876 | 1,876 | 0 | $80.02 | $2.12 |
| Apr 2024 | 4 | 0 | 0 | 0 | 0 | $85.35 | $1.60 |
| Mar 2024 | 0 | 0 | 0 | 0 | 0 | $81.28 | $1.49 |
| Feb 2024 | 5 | 0 | 0 | 0 | 0 | $77.25 | $1.72 |
| Jan 2024 | 0 | 0 | 9 | 9 | 0 | $74.15 | $3.18 |
| Dec 2023 | 0 | 0 | 0 | 0 | 0 | $71.90 | $2.52 |
| Nov 2023 | 0 | 171 | 74 | 74 | 0 | $77.69 | $2.71 |
| Oct 2023 | 0 | 0 | 171 | 171 | 0 | $85.64 | $2.98 |
| Sep 2023 | 53 | 0 | 625 | 625 | 0 | $89.43 | $2.64 |
| Aug 2023 | 165 | 196 | 1,726 | 1,726 | 0 | $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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Nearby
This lease belongs to
Magnolia Oil & Gas Operating LLC in Fayette County
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Leases within 10 km
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New drilling permits in Fayette County
Newest in the county: this lease has no coordinates.
PASSCHENDAELE #3H
new drill · horizontal · Verdun Oil & Gas LLC · Fayette County
Permit 0918823 · Sep 24, 2026
CANTIGNY #3H
new drill · horizontal · Verdun Oil & Gas LLC · Fayette County
Permit 0918820 · Sep 24, 2026
TEX ONE #H 01TK
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Fayette County
Permit 0918724 · Sep 21, 2026
KYLE TWO #H 02TK
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Fayette County
Permit 0918725 · Sep 21, 2026
KYLE FOUR #H 04TK
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Fayette County
Permit 0918726 · Sep 21, 2026