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Texas oil lease

Producing

MAGNOLIA ROYALTY

Magnolia Royalty is an oil lease in Winkler County, Texas, operated by Formentera Operations LLC in the Jasper (Mississippian) field.

1 well

3,135bbl oil, last 12 months+37% vs prior year
Operator
Formentera Operations LLC
County
Winkler County
Field
Jasper (Mississippian)
RRC lease
08-47838

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Where it sits

This county

Winkler CountyWinklerAndrewsWardLovingEctorWinkler County
Winkler County
Gas, last 12 months
3,833 mcf
Oil in Jul 2026
599 bbl

Production by month

Oil output rose 37% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 37% over the last 12 monthsMonthly oil production and gas for MAGNOLIA ROYALTY, Aug 2023 to Jul 2026. Oil output rose 37% over the last 12 months. 3,135 bbl in the 12 months through Jul 2026, against 2,285 bbl in the 12 months before.Last 12 months: 3,135 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 37% over the last 12 monthsMonthly oil production and gas for MAGNOLIA ROYALTY, Aug 2023 to Jul 2026. Oil output rose 37% over the last 12 months. 3,135 bbl in the 12 months through Jul 2026, against 2,285 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

54% of the gas went to a transmission line in the last 12 months

Flaring peaked at 100.0% of the gas in Apr 2026.

  • Transmission line (2)
  • Flared (4)
54% of the gas went to a transmission line in the last 12 monthsShare of MAGNOLIA ROYALTY gas by disposition code each month, Aug 2023 to Jul 2026. 54% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Apr 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 100.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
54% of the gas went to a transmission line in the last 12 monthsShare of MAGNOLIA ROYALTY gas by disposition code each month, Aug 2023 to Jul 2026. 54% of the gas went to a transmission line in the last 12 months. Flaring peaked at 100.0% of the gas in Apr 2026.Share of gas by disposition code0%50%100%Flared 100.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    54% · 2,411 mcf

  • Flared (4)

    46% · 2,027 mcf

45.7% of the gas flared in the last 12 months. 4 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in May 2024

Operators of this lease over timeBoyd & McWilliams Operating, LLC, Jan 2020 to Jul 2021; Saddleback Exploration, LLC, Aug 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed May 2024Boyd & McWilliams Operating,…Jan 2020 to Jul 2021Saddleback Exploration, LLCAug 2021 to Apr 2024Formentera Operations LLCMay 2024 to now
Operators of this lease over timeBoyd & McWilliams Operating, LLC, Jan 2020 to Jul 2021; Saddleback Exploration, LLC, Aug 2021 to Apr 2024; Formentera Operations LLC, May 2024 to Jul 20262020202120222023202420252026Changed Aug 2021Changed May 2024Boyd & McWilliams Operating, LLCJan 2020 to Jul 2021Saddleback Exploration, LLCAug 2021 to Apr 2024Formentera Operations LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MAGNOLIA ROYALTY
API numberWell no.Status
42-495-335991Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Dorado Oil CompanyOilGathers99May 7, 2024–
Gibson Energy Marketing, LLCOilGathers1May 7, 2024–
Energy Transfer CompanyCasinghead gasBuys90May 7, 2024–
Dcp Operating Company, LPCasinghead gasBuys10May 7, 2024–
Energy Transfer CompanyCasinghead gasGathers90May 7, 2024–
Dcp Operating Company, LPCasinghead gasGathers10May 7, 2024–
Energy Transfer CompanyCasinghead gasGathers100Apr 13, 2022May 7, 2024
Etc Texas P/L, LTDCasinghead gasBuys100Apr 13, 2022May 7, 2024
Dorado Oil CompanyOilGathers20Apr 13, 2022May 7, 2024
Eastex Crude CompanyOilGathers20Apr 13, 2022May 7, 2024
Gibson Energy Marketing, LLCOilGathers20Apr 13, 2022May 7, 2024
Plains Marketing, L.p.OilGathers20Apr 13, 2022May 7, 2024

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

Who buys my oilOil price check

965.10 acres on the newest permit

Check your decimal on this lease
Permits for Magnolia Royalty
API numberWell no.Acreson the permit
42-495-335991965.10

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for MAGNOLIA ROYALTY
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Formentera Operations599707963$80.46$2.89
Jun 2026Formentera Operations4804454430443$84.81$3.15
May 2026Formentera Operations6685281,50701,507$102.13$2.94
Apr 2026Formentera Operations47951774074$100.32$2.77
Mar 2026Formentera Operations50000$91.38$3.04
Feb 2026Formentera Operations32639390$64.51$3.62
Jan 2026Formentera Operations1371262052050$60.04$7.72
Dec 2025Formentera Operations1971493443440$57.97$4.26
Nov 2025Formentera Operations1291082342340$60.06$3.79
Oct 2025Formentera Operations1831882832830$60.89$3.19
Sep 2025Formentera Operations1742642122120$63.96$2.97
Aug 2025Formentera Operations8104834830$64.86$2.91
Jul 2025Formentera Operations31776056050$68.39$3.20
Jun 2025Formentera Operations2932531,0761,0760$68.17$3.02
May 2025Formentera Operations1942145935930$62.17$3.12
Apr 2025Formentera Operations1801744994990$63.54$3.42
Mar 2025Formentera Operations2102025975970$68.24$4.12
Feb 2025Formentera Operations2231539249240$71.53$4.19
Jan 2025Formentera Operations2463031,4001,4000$75.74$4.13
Dec 2024Formentera Operations1442883683680$70.12$3.01
Nov 2024Formentera Operations168183893890$69.95$2.12
Oct 2024Formentera Operations1842954714710$71.99$2.20
Sep 2024Formentera Operations1821084914910$70.24$2.28
Aug 2024Formentera Operations2302359389380$76.68$1.99
Jul 2024Formentera Operations2441737137130$81.80$2.07
Jun 2024Formentera Operations1971886016010$79.77$2.54
May 2024Formentera Operations2202821,2011,2010$80.02$2.12
Apr 2024Saddleback Exploration,3342601,2611,2610$85.35$1.60
Mar 2024Saddleback Exploration,891556776770$81.28$1.49
Feb 2024Saddleback Exploration,1903041,0411,0410$77.25$1.72
Jan 2024Saddleback Exploration,1632151,9391,9390$74.15$3.18
Dec 2023Saddleback Exploration,1731315335330$71.90$2.52
Nov 2023Saddleback Exploration,2942395835830$77.69$2.71
Oct 2023Saddleback Exploration,6635901,4771,4770$85.64$2.98
Sep 2023Saddleback Exploration,3151934524520$89.43$2.64
Aug 2023Saddleback Exploration,4544921,4141,4140$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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This lease belongs to

OperatorFormentera Operations LLCFieldJasper (Mississippian)CountyWinkler County

Formentera Operations LLC in Winkler County

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Jasper (Mississippian) field

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