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Texas oil lease

Producing

LEQUETTA

Lequetta is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Eagleford) field.

1 well

9,510bbl oil, last 12 months−16% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Eagleford)
RRC lease
03-27849

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
10,529 mcf
Oil in Jul 2026
797 bbl

Production by month

Oil output fell 16% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for LEQUETTA, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 9,510 bbl in the 12 months through Jul 2026, against 11,313 bbl in the 12 months before.Last 12 months: 9,510 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 16% over the last 12 monthsMonthly oil production and gas for LEQUETTA, Aug 2023 to Jul 2026. Oil output fell 16% over the last 12 months. 9,510 bbl in the 12 months through Jul 2026, against 11,313 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

71% of the gas went to a transmission line in the last 12 months

Flaring peaked at 36.2% of the gas in Feb 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
71% of the gas went to a transmission line in the last 12 monthsShare of LEQUETTA gas by disposition code each month, Aug 2023 to Jul 2026. 71% of the gas went to a transmission line in the last 12 months. Flaring peaked at 36.2% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 36.2%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
71% of the gas went to a transmission line in the last 12 monthsShare of LEQUETTA gas by disposition code each month, Aug 2023 to Jul 2026. 71% of the gas went to a transmission line in the last 12 months. Flaring peaked at 36.2% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 36.2%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    71% · 7,505 mcf

  • Lease fuel (1)

    28% · 2,920 mcf

  • Flared (4)

    1.0% · 104 mcf

1.0% of the gas flared in the last 12 months. 21 months above 3%.

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, Jul 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jul 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, Jul 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJul 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.

1 well on this lease

Wells on LEQUETTA
API numberWell no.Status
42-051-343041HEActive

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 gasBuys100Jul 10, 2020–
Energy Transfer CompanyCasinghead gasGathers100Jul 10, 2020–
Buckhead Midstream, LLCOilGathers10Jul 10, 2020Jul 1, 2021
Flint Hills Resources, LPOilGathers10Jul 10, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers10Jul 10, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers70Jul 10, 2020Jul 1, 2021

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

Who buys my oilOil price check

1,760.57 acres on the newest permit

An allocation well is on this lease

Permits for Lequetta
API numberWell no.Acreson the permit
42-051-343041HE1,760.57

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

36 months, newest first

Ledger for LEQUETTA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil7978058245697$80.46$2.89
Jun 2026Magnolia Oil7718058085608$84.81$3.15
May 2026Magnolia Oil81274293165627$102.13$2.94
Apr 2026Magnolia Oil74776886359330$100.32$2.77
Mar 2026Magnolia Oil7947698636150$91.38$3.04
Feb 2026Magnolia Oil7417698145891$64.51$3.62
Jan 2026Magnolia Oil7788858365862$60.04$7.72
Dec 2025Magnolia Oil7916688616058$57.97$4.26
Nov 2025Magnolia Oil7897678906500$60.06$3.79
Oct 2025Magnolia Oil8338579076545$60.89$3.19
Sep 2025Magnolia Oil8028629026566$63.96$2.97
Aug 2025Magnolia Oil8558001,03077210$64.86$2.91
Jul 2025Magnolia Oil9149691,0948451$68.39$3.20
Jun 2025Magnolia Oil9788781,00174714$68.17$3.02
May 2025Magnolia Oil9009511,12786514$62.17$3.12
Apr 2025Magnolia Oil9529341,04478222$63.54$3.42
Mar 2025Magnolia Oil1,0151,0131,05576443$68.24$4.12
Feb 2025Magnolia Oil835880871442205$71.53$4.19
Jan 2025Magnolia Oil9329801,032673111$75.74$4.13
Dec 2024Magnolia Oil9018581,134733153$70.12$3.01
Nov 2024Magnolia Oil1,0161,0091,172720212$69.95$2.12
Oct 2024Magnolia Oil924919992635177$71.99$2.20
Sep 2024Magnolia Oil9449311,341898203$70.24$2.28
Aug 2024Magnolia Oil1,0021,0521,280881151$76.68$1.99
Jul 2024Magnolia Oil1,3531,2711,484955281$81.80$2.07
Jun 2024Magnolia Oil665703695348107$79.77$2.54
May 2024Magnolia Oil640599978623107$80.02$2.12
Apr 2024Magnolia Oil9289351,232801191$85.35$1.60
Mar 2024Magnolia Oil1,0291,1311,124693183$81.28$1.49
Feb 2024Magnolia Oil9499041,332618482$77.25$1.72
Jan 2024Magnolia Oil1,0169901,261780233$74.15$3.18
Dec 2023Magnolia Oil1,1131,0971,310869193$71.90$2.52
Nov 2023LRR Pecos1,0331,1451,287933114$77.69$2.71
Oct 2023LRR Pecos1,0779501,424939237$85.64$2.98
Sep 2023LRR Pecos1,0421,1281,374837297$89.43$2.64
Aug 2023LRR Pecos1,0711,0361,4801,029203$81.39$2.58

Flared above 3%

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

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Eagleford)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Eagleford) field

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