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Texas oil lease

Producing

M&K

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

1 well

852bbl oil, last 12 months−53% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-11314

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
24,096 mcf
Oil in Jul 2026
261 bbl

Production by month

Oil output fell 53% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 53% over the last 12 monthsMonthly oil production and gas for M&K, Aug 2023 to Jul 2026. Oil output fell 53% over the last 12 months. 852 bbl in the 12 months through Jul 2026, against 1,816 bbl in the 12 months before.Last 12 months: 852 bblbbl per monthmcf per month001002,0002004,0003006,0004008,00050010kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 53% over the last 12 monthsMonthly oil production and gas for M&K, Aug 2023 to Jul 2026. Oil output fell 53% over the last 12 months. 852 bbl in the 12 months through Jul 2026, against 1,816 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002,0002004,0003006,0004008,00050010kJan 24JulJan 25JulJan 26Jul

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

All of the gas went to a transmission line in the last 12 monthsShare of M&K gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 a transmission line in the last 12 monthsShare of M&K gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 once, most recently in Sep 2021

Operators of this lease over timeWCS Oil & Gas Corporation, Jan 2020 to Aug 2021; Magnolia Oil & Gas Operating LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021WCS Oil & Gas CorporationJan 2020 to Aug 2021Magnolia Oil & Gas Operating…Sep 2021 to now
Operators of this lease over timeWCS Oil & Gas Corporation, Jan 2020 to Aug 2021; Magnolia Oil & Gas Operating LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021WCS Oil & Gas CorporationJan 2020 to Aug 2021Magnolia Oil & Gas Operating LLCSep 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on M&K
API numberWell no.Status
42-287-300421Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021–
Energy Transfer Marketing & TermOilGathers50Dec 1, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers100Jan 1, 2019May 1, 2020
Enterprise Crude Oil LLCOilGathers100Nov 30, 2016Jan 1, 2019

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

Who buys my oilOil price check

335.51 acres on the newest permit

A pooling certificate was filed

Permits for M&K
API numberWell no.Acreson the permit
42-287-300421335.51
42-287-300421RE335.51

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 M&K
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil2613516,8906,8900$80.46$2.89
Jun 2026Magnolia Oil15903,4283,4280$84.81$3.15
May 2026Magnolia Oil0073730$102.13$2.94
Apr 2026Magnolia Oil0096960$100.32$2.77
Mar 2026Magnolia Oil001161160$91.38$3.04
Feb 2026Magnolia Oil00000$64.51$3.62
Jan 2026Magnolia Oil016674740$60.04$7.72
Dec 2025Magnolia Oil00000$57.97$4.26
Nov 2025Magnolia Oil10002,2092,2090$60.06$3.79
Oct 2025Magnolia Oil5321,8521,8520$60.89$3.19
Sep 2025Magnolia Oil2173667,8987,8980$63.96$2.97
Aug 2025Magnolia Oil6221,4601,4600$64.86$2.91
Jul 2025Magnolia Oil2291826,7106,7100$68.39$3.20
Jun 2025Magnolia Oil4801,4971,4970$68.17$3.02
May 2025Magnolia Oil641772,2322,2320$62.17$3.12
Apr 2025Magnolia Oil1841926,3176,3170$63.54$3.42
Mar 2025Magnolia Oil2771956,7536,7530$68.24$4.12
Feb 2025Magnolia Oil4263866,8036,8030$71.53$4.19
Jan 2025Magnolia Oil0052520$75.74$4.13
Dec 2024Magnolia Oil2233795,3805,3800$70.12$3.01
Nov 2024Magnolia Oil3641926,7446,7440$69.95$2.12
Oct 2024Magnolia Oil1163630$71.99$2.20
Sep 2024Magnolia Oil0093930$70.24$2.28
Aug 2024Magnolia Oil0085850$76.68$1.99
Jul 2024Magnolia Oil001031030$81.80$2.07
Jun 2024Magnolia Oil001321320$79.77$2.54
May 2024Magnolia Oil001221220$80.02$2.12
Apr 2024Magnolia Oil00000$85.35$1.60
Mar 2024Magnolia Oil001281280$81.28$1.49
Feb 2024Magnolia Oil00000$77.25$1.72
Jan 2024Magnolia Oil001101100$74.15$3.18
Dec 2023Magnolia Oil0085850$71.90$2.52
Nov 2023Magnolia Oil0063630$77.69$2.71
Oct 2023Magnolia Oil00000$85.64$2.98
Sep 2023Magnolia Oil0057570$89.43$2.64
Aug 2023Magnolia Oil0056560$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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This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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