Texas oil lease
ProducingMAY UNIT
May Unit is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.
1 well
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Lee County
- RRC lease
- 03-12548
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 2,083 mcf
- Oil in Jul 2026
- 0 bbl
Production by month
Oil output fell 85% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
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
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Who has run this lease
The operator changed once, most recently in Aug 2025
- Magnolia Oil & Gas Operating LLC Aug 2025 to now
- U. S. Operating, Inc. Jan 2020 to Jul 2025
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-287-30534 | 1 | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Shell Trading (Us) Company | Oil | Gathers | 100 | Jan 1, 2019 | – |
| Dcp Operating Company, LP | Casinghead gas | Buys | 100 | Apr 1, 2017 | – |
| Dcp Operating Company, LP | Casinghead gas | Gathers | 100 | Apr 1, 2017 | – |
| Enterprise Crude Oil LLC | Oil | Gathers | 100 | Jan 1, 2016 | Jan 1, 2019 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Magnolia Oil | 0 | 0 | 71 | 71 | 0 | $80.46 | $2.89 |
| Jun 2026Magnolia Oil | 0 | 0 | 7 | 7 | 0 | $84.81 | $3.15 |
| May 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Magnolia Oil | 0 | 0 | 46 | 46 | 0 | $100.32 | $2.77 |
| Mar 2026Magnolia Oil | 0 | 0 | 54 | 54 | 0 | $91.38 | $3.04 |
| Feb 2026Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Magnolia Oil | 0 | 0 | 229 | 229 | 0 | $60.04 | $7.72 |
| Dec 2025Magnolia Oil | 0 | 0 | 345 | 345 | 0 | $57.97 | $4.26 |
| Nov 2025Magnolia Oil | 0 | 0 | 328 | 328 | 0 | $60.06 | $3.79 |
| Oct 2025Magnolia Oil | 0 | 0 | 336 | 336 | 0 | $60.89 | $3.19 |
| Sep 2025Magnolia Oil | 0 | 0 | 322 | 322 | 0 | $63.96 | $2.97 |
| Aug 2025Magnolia Oil | 3 | 0 | 345 | 345 | 0 | $64.86 | $2.91 |
| Jul 2025U. S. | 0 | 0 | 353 | 353 | 0 | $68.39 | $3.20 |
| Jun 2025U. S. | 0 | 0 | 341 | 341 | 0 | $68.17 | $3.02 |
| May 2025U. S. | 2 | 0 | 354 | 354 | 0 | $62.17 | $3.12 |
| Apr 2025U. S. | 0 | 0 | 348 | 348 | 0 | $63.54 | $3.42 |
| Mar 2025U. S. | 0 | 0 | 370 | 370 | 0 | $68.24 | $4.12 |
| Feb 2025U. S. | 2 | 0 | 566 | 566 | 0 | $71.53 | $4.19 |
| Jan 2025U. S. | 0 | 0 | 145 | 145 | 0 | $75.74 | $4.13 |
| Dec 2024U. S. | 3 | 0 | 170 | 170 | 0 | $70.12 | $3.01 |
| Nov 2024U. S. | 3 | 0 | 330 | 330 | 0 | $69.95 | $2.12 |
| Oct 2024U. S. | 4 | 0 | 336 | 336 | 0 | $71.99 | $2.20 |
| Sep 2024U. S. | 3 | 0 | 311 | 311 | 0 | $70.24 | $2.28 |
| Aug 2024U. S. | 3 | 0 | 422 | 422 | 0 | $76.68 | $1.99 |
| Jul 2024U. S. | 3 | 0 | 397 | 397 | 0 | $81.80 | $2.07 |
| Jun 2024U. S. | 0 | 0 | 328 | 328 | 0 | $79.77 | $2.54 |
| May 2024U. S. | 0 | 0 | 636 | 636 | 0 | $80.02 | $2.12 |
| Apr 2024U. S. | 0 | 0 | 88 | 88 | 0 | $85.35 | $1.60 |
| Mar 2024U. S. | 0 | 0 | 382 | 382 | 0 | $81.28 | $1.49 |
| Feb 2024U. S. | 1 | 0 | 372 | 372 | 0 | $77.25 | $1.72 |
| Jan 2024U. S. | 0 | 0 | 349 | 349 | 0 | $74.15 | $3.18 |
| Dec 2023U. S. | 0 | 0 | 310 | 310 | 0 | $71.90 | $2.52 |
| Nov 2023U. S. | 1 | 0 | 256 | 256 | 0 | $77.69 | $2.71 |
| Oct 2023U. S. | 0 | 0 | 289 | 289 | 0 | $85.64 | $2.98 |
| Sep 2023U. S. | 0 | 0 | 279 | 279 | 0 | $89.43 | $2.64 |
| Aug 2023U. S. | 1 | 0 | 289 | 289 | 0 | $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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Nearby
This lease belongs to
Magnolia Oil & Gas Operating LLC in Lee County
- SYLVIA
1,428 mcf
- BAMSCH, O.L.
1 bbl
- TISH
2,497 mcf
- CARMELLA UNIT
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- DONNA W. UNIT
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- TWO FINGERS UNIT
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- EVA MAE UNIT
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- BALCAR
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Giddings (Austin Chalk-3) field
- BROTHERS OIL UNIT
2,266 mcf
- OLD. W.N.D.Z.-AMARADO UNIT
2,266 mcf
- HAYNIE
2,262 mcf
- CARMELLA UNIT
2,187 mcf
- SELECTED LANDS - HOUSE UNIT
1,417 mcf
- DONNA W. UNIT
32 bbl
- COBB UNIT
2,063 mcf
- MILBERGER-STRECKERT UNIT
88 bbl
- STORK, SELMA
1,874 mcf
- LAPIS UNIT
79 bbl
Leases within 10 km
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Drilling permits within 10 km
BUCK TRAVIS TWO #H 02BT
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 6.2 km
Permit 0916801 · Jul 8, 2026
PISTOL PETE THREE #H 03PC
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 8.5 km
Permit 0913366 · Mar 9, 2026
PISTOL PETE ONE #H 01PC
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 8.5 km
Permit 0913365 · Mar 9, 2026
WOODROW EF SOUTH UNIT #1H
new drill · horizontal · Sage Natural Resources LLC · Lee County · 9.9 km
Permit 0912684 · Jan 14, 2026
NITTANY STATE #H 05NL
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 7.7 km
Permit 0910925 · Oct 17, 2025