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Texas oil lease

Producing

LIGHTFOOT

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

1 well

24,971bbl oil, last 12 months−37% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Eagleford)
RRC lease
03-28101

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
15,672 mcf
Oil in Jul 2026
2,092 bbl

Production by month

Oil output fell 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for LIGHTFOOT, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 24,971 bbl in the 12 months through Jul 2026, against 39,351 bbl in the 12 months before.Last 12 months: 24,971 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 37% over the last 12 monthsMonthly oil production and gas for LIGHTFOOT, Aug 2023 to Jul 2026. Oil output fell 37% over the last 12 months. 24,971 bbl in the 12 months through Jul 2026, against 39,351 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

91% of the gas went to a transmission line in the last 12 months

Flaring peaked at 95.6% of the gas in Apr 2025.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
91% of the gas went to a transmission line in the last 12 monthsShare of LIGHTFOOT gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a transmission line in the last 12 months. Flaring peaked at 95.6% of the gas in Apr 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 95.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
91% of the gas went to a transmission line in the last 12 monthsShare of LIGHTFOOT gas by disposition code each month, Aug 2023 to Jul 2026. 91% of the gas went to a transmission line in the last 12 months. Flaring peaked at 95.6% of the gas in Apr 2025.Share of gas by disposition code0%50%100%Flared 95.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    91% · 14,200 mcf

  • Flared (4)

    9.4% · 1,472 mcf

9.4% of the gas flared in the last 12 months. 22 months above 3%.

Who has run this lease

The operator changed once, most recently in Dec 2023

Operators of this lease over timeLRR Pecos Valley, LLC, Jun 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCJun 2023 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeLRR Pecos Valley, LLC, Jun 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCJun 2023 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 LIGHTFOOT
API numberWell no.Status
42-331-351241HEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75Jun 22, 2023
4J Energy, LLCOilGathers25Jun 22, 2023
Energy Transfer CompanyCasinghead gasBuys100Jun 22, 2023
Energy Transfer CompanyCasinghead gasGathers100Jun 22, 2023

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

Who buys my oilOil price check

2,230.28 acres on the newest permit

An allocation well is on this lease

Permits for Lightfoot
API numberWell no.Acreson the permit
42-331-351241HE2,230.28

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 LIGHTFOOT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil2,0922,1401,1621,062100$80.46$2.89
Jun 2026Magnolia Oil87988541235557$84.81$3.15
May 2026Magnolia Oil1,9961,9761,394890504$102.13$2.94
Apr 2026Magnolia Oil1,8391,8141,1521,09854$100.32$2.77
Mar 2026Magnolia Oil2,0241,9581,315914401$91.38$3.04
Feb 2026Magnolia Oil1,6822,2611,1341,11717$64.51$3.62
Jan 2026Magnolia Oil2,1161,7771,6241,58638$60.04$7.72
Dec 2025Magnolia Oil2,2942,1361,6521,61042$57.97$4.26
Nov 2025Magnolia Oil2,5132,4651,5161,44472$60.06$3.79
Oct 2025Magnolia Oil2,6022,8201,3791,32851$60.89$3.19
Sep 2025Magnolia Oil2,7732,8261,3621,254108$63.96$2.97
Aug 2025Magnolia Oil2,1611,9421,5701,54228$64.86$2.91
Jul 2025Magnolia Oil3,8804,0404,5067883,718$68.39$3.20
Jun 2025Magnolia Oil3,6483,5615755723$68.17$3.02
May 2025Magnolia Oil1,1281,05648444$62.17$3.12
Apr 2025Magnolia Oil2,8502,8132,168962,072$63.54$3.42
Mar 2025Magnolia Oil3,1573,3542,1744561,718$68.24$4.12
Feb 2025Magnolia Oil2,9312,8411,6301,008622$71.53$4.19
Jan 2025Magnolia Oil3,3123,3281,7711,539232$75.74$4.13
Dec 2024Magnolia Oil3,4533,5291,8241,678146$70.12$3.01
Nov 2024Magnolia Oil3,5093,5402,4432,38657$69.95$2.12
Oct 2024Magnolia Oil3,6833,4782,2452,17768$71.99$2.20
Sep 2024Magnolia Oil3,7163,8502,7832,633150$70.24$2.28
Aug 2024Magnolia Oil4,0844,0282,9596722,287$76.68$1.99
Jul 2024Magnolia Oil4,9054,9434,4892384,251$81.80$2.07
Jun 2024Magnolia Oil5,4405,6211,376656720$79.77$2.54
May 2024Magnolia Oil3,1062,7821661651$80.02$2.12
Apr 2024Magnolia Oil3,7173,9271,8461,8460$85.35$1.60
Mar 2024Magnolia Oil5,0064,9463,4883,4880$81.28$1.49
Feb 2024Magnolia Oil5,3355,4103,9843,9840$77.25$1.72
Jan 2024Magnolia Oil6,0146,0974,5234,43291$74.15$3.18
Dec 2023Magnolia Oil6,6576,6104,9614,9610$71.90$2.52
Nov 2023LRR Pecos6,9226,9817,0715,4577$77.69$2.71
Oct 2023LRR Pecos8,6808,73810,4687,79813$85.64$2.98
Sep 2023LRR Pecos9,2729,0095,5894,112197$89.43$2.64
Aug 2023LRR Pecos16,14816,23314,88810,9861,680$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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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Eagleford)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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