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Texas oil lease

Producing

LEATHERWOOD-WAGER UNIT

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

2 wells

267bbl oil, last 12 months+50% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22839

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
2,664 mcf
Oil in Jul 2026
15 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 4 months of state data (through Jul 2026).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output rose 50% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 50% over the last 12 monthsMonthly oil production and gas for LEATHERWOOD-WAGER UNIT, Aug 2023 to Jul 2026. Oil output rose 50% over the last 12 months. 267 bbl in the 12 months through Jul 2026, against 178 bbl in the 12 months before.Last 12 months: 267 bblbbl per monthmcf per month002050401006015080200100250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 50% over the last 12 monthsMonthly oil production and gas for LEATHERWOOD-WAGER UNIT, Aug 2023 to Jul 2026. Oil output rose 50% over the last 12 months. 267 bbl in the 12 months through Jul 2026, against 178 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002050401006015080200100250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to lease fuel in the last 12 months

All of the gas went to lease fuel in the last 12 monthsShare of LEATHERWOOD-WAGER UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to lease fuel in the last 12 monthsShare of LEATHERWOOD-WAGER UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

2 wells on this lease

Wells on LEATHERWOOD-WAGER UNIT
API numberWell no.Status
42-051-334491Shut-in
42-051-342912HAShut-in

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

494.80 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

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

  • Good to know

    The wells on this lease state different acreage

    The permits state between 494.8 and 655.35 acres. Use the acres from your own division order for the well you are paid on.

  • 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 Leatherwood-Wager Unit
API numberWell no.Acreson the permit
42-051-342912HA494.80
42-051-334491655.35

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

36 months, newest first

Ledger for LEATHERWOOD-WAGER UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil15015500$80.46$2.89
Jun 2026Magnolia Oil17022200$84.81$3.15
May 2026Magnolia Oil23024800$102.13$2.94
Apr 2026Magnolia Oil23023900$100.32$2.77
Mar 2026Magnolia Oil1816724800$91.38$3.04
Feb 2026Magnolia Oil24022400$64.51$3.62
Jan 2026Magnolia Oil25023200$60.04$7.72
Dec 2025Magnolia Oil24014400$57.97$4.26
Nov 2025Magnolia Oil23021600$60.06$3.79
Oct 2025Magnolia Oil24024800$60.89$3.19
Sep 2025Magnolia Oil25024000$63.96$2.97
Aug 2025Magnolia Oil26124800$64.86$2.91
Jul 2025Magnolia Oil2717622900$68.39$3.20
Jun 2025Magnolia Oil31024000$68.17$3.02
May 2025Magnolia Oil63024800$62.17$3.12
Apr 2025Magnolia Oil5604500$63.54$3.42
Mar 2025Magnolia Oil10000$68.24$4.12
Feb 2025Magnolia Oil00000$71.53$4.19
Jan 2025Magnolia Oil01000$75.74$4.13
Dec 2024Magnolia Oil01000$70.12$3.01
Nov 2024Magnolia Oil00000$69.95$2.12
Oct 2024Magnolia Oil01700$71.99$2.20
Sep 2024Magnolia Oil00000$70.24$2.28
Aug 2024Magnolia Oil00000$76.68$1.99
Jul 2024Magnolia Oil00000$81.80$2.07
Jun 2024Magnolia Oil00000$79.77$2.54
May 2024Magnolia Oil0020000$80.02$2.12
Apr 2024Magnolia Oil14017300$85.35$1.60
Mar 2024Magnolia Oil3917624800$81.28$1.49
Feb 2024Magnolia Oil42018400$77.25$1.72
Jan 2024Magnolia Oil45016700$74.15$3.18
Dec 2023Magnolia Oil17024800$71.90$2.52
Nov 2023LRR Pecos3817724000$77.69$2.71
Oct 2023LRR Pecos28024300$85.64$2.98
Sep 2023LRR Pecos45023900$89.43$2.64
Aug 2023LRR Pecos24022100$81.39$2.58

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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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