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Texas oil lease

Producing

LITO

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

1 well

14,233bbl oil, last 12 months−32% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27844

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
53,284 mcf
Oil in Jul 2026
1,270 bbl

Production by month

Oil output fell 32% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for LITO, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 14,233 bbl in the 12 months through Jul 2026, against 20,925 bbl in the 12 months before.Last 12 months: 14,233 bblbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 32% over the last 12 monthsMonthly oil production and gas for LITO, Aug 2023 to Jul 2026. Oil output fell 32% over the last 12 months. 14,233 bbl in the 12 months through Jul 2026, against 20,925 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Over 99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 3.6% of the gas in Sep 2025.

  • Transmission line (2)
  • Flared (4)
Over 99% of the gas went to a transmission line in the last 12 monthsShare of LITO gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.6% of the gas in Sep 2025.Share of the lease’s gas by disposition code, per month0%50%100%Flared 3.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Over 99% of the gas went to a transmission line in the last 12 monthsShare of LITO gas by disposition code each month, Aug 2023 to Jul 2026. Over 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 3.6% of the gas in Sep 2025.Share of gas by disposition code0%50%100%Flared 3.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    100% · 53,047 mcf

  • Flared (4)

    0.4% · 237 mcf

0.4% of the gas flared in the last 12 months. One month 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 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jul 2021 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 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJul 2021 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 LITO
API numberWell no.Status
42-051-342941HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021
4J Energy, LLCOilGathers25Jul 1, 2021
Energy Transfer CompanyCasinghead gasBuys100Jul 1, 2021
Energy Transfer CompanyCasinghead gasGathers100Jul 1, 2021

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

Who buys my oilOil price check

1,187.34 acres on the newest permit

An allocation well is on this lease

Permits for Lito
API numberWell no.Acreson the permit
42-051-342941HA1,187.34

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 LITO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil1,2701,0674,2914,2910$80.46$2.89
Jun 2026Magnolia Oil1,1611,2254,1384,1380$84.81$3.15
May 2026Magnolia Oil1,0871,0593,9253,87352$102.13$2.94
Apr 2026Magnolia Oil1,0761,2233,8733,8730$100.32$2.77
Mar 2026Magnolia Oil1,2221,0534,4704,4700$91.38$3.04
Feb 2026Magnolia Oil4303622,6972,6970$64.51$3.62
Jan 2026Magnolia Oil1,0801,2474,2054,1996$60.04$7.72
Dec 2025Magnolia Oil1,3211,2465,3935,3930$57.97$4.26
Nov 2025Magnolia Oil1,2841,4284,7994,7990$60.06$3.79
Oct 2025Magnolia Oil1,4221,2364,9444,9440$60.89$3.19
Sep 2025Magnolia Oil1,4051,6015,0264,847179$63.96$2.97
Aug 2025Magnolia Oil1,4751,4435,5235,5230$64.86$2.91
Jul 2025Magnolia Oil1,5841,4375,3785,3780$68.39$3.20
Jun 2025Magnolia Oil1,6141,6735,6015,5983$68.17$3.02
May 2025Magnolia Oil1,6421,6075,4315,42110$62.17$3.12
Apr 2025Magnolia Oil1,6391,7765,2745,2740$63.54$3.42
Mar 2025Magnolia Oil1,8041,7825,3465,33313$68.24$4.12
Feb 2025Magnolia Oil1,6701,7794,6794,60673$71.53$4.19
Jan 2025Magnolia Oil1,7661,6124,6984,6980$75.74$4.13
Dec 2024Magnolia Oil1,8161,7814,6354,6350$70.12$3.01
Nov 2024Magnolia Oil1,5771,5854,4344,4340$69.95$2.12
Oct 2024Magnolia Oil1,9972,1195,2025,2020$71.99$2.20
Sep 2024Magnolia Oil1,9581,7754,8334,8330$70.24$2.28
Aug 2024Magnolia Oil1,8581,9384,4064,38917$76.68$1.99
Jul 2024Magnolia Oil1,7891,7534,8044,78717$81.80$2.07
Jun 2024Magnolia Oil1,3951,4053,1613,1610$79.77$2.54
May 2024Magnolia Oil2,1692,1254,9544,9540$80.02$2.12
Apr 2024Magnolia Oil8818943,3653,3650$85.35$1.60
Mar 2024Magnolia Oil8618922,2722,2720$81.28$1.49
Feb 2024Magnolia Oil2,0561,9785,5565,5560$77.25$1.72
Jan 2024Magnolia Oil2,0212,1785,7915,7910$74.15$3.18
Dec 2023Magnolia Oil2,2532,1606,0736,0730$71.90$2.52
Nov 2023LRR Pecos2,3802,4856,2986,2980$77.69$2.71
Oct 2023LRR Pecos2,8222,6956,7226,7220$85.64$2.98
Sep 2023LRR Pecos2,1822,1455,5025,5020$89.43$2.64
Aug 2023LRR Pecos2,5772,6836,6406,62614$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 (Austin Chalk-3)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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