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Texas oil lease

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MELTON (HORIZ)

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

1 well

6,395bbl oil, last 12 months+158% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-16861

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
2,722 mcf
Oil in Jul 2026
943 bbl

Production by month

Oil output rose 158% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 158% over the last 12 monthsMonthly oil production and gas for MELTON (HORIZ), Aug 2023 to Jul 2026. Oil output rose 158% over the last 12 months. 6,395 bbl in the 12 months through Jul 2026, against 2,475 bbl in the 12 months before.Last 12 months: 6,395 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 158% over the last 12 monthsMonthly oil production and gas for MELTON (HORIZ), Aug 2023 to Jul 2026. Oil output rose 158% over the last 12 months. 6,395 bbl in the 12 months through Jul 2026, against 2,475 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 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 MELTON (HORIZ) 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 MELTON (HORIZ) 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 MELTON (HORIZ)
API numberWell no.Status
42-287-314371Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 26, 2023–
Energy Transfer CompanyCasinghead gasBuys100May 1, 2005–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005–
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021Jul 26, 2023
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Jul 26, 2023
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

111.68 acres on the newest permit

Check your decimal on this lease
Permits for Melton (Horiz)
API numberWell no.Acreson the permit
42-287-314371111.68

SourceRailroad Commission drilling permits, Oct 3, 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 MELTON (HORIZ)
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil9437523393390$80.46$2.89
Jun 2026Magnolia Oil1,2991,2855225220$84.81$3.15
May 2026Magnolia Oil5995252332330$102.13$2.94
Apr 2026Magnolia Oil00000$100.32$2.77
Mar 2026Magnolia Oil00000$91.38$3.04
Feb 2026Magnolia Oil18536490900$64.51$3.62
Jan 2026Magnolia Oil4685501591590$60.04$7.72
Dec 2025Magnolia Oil8807373733730$57.97$4.26
Nov 2025Magnolia Oil451000$60.06$3.79
Oct 2025Magnolia Oil121000$60.89$3.19
Sep 2025Magnolia Oil8469194124120$63.96$2.97
Aug 2025Magnolia Oil1,1181,0815945940$64.86$2.91
Jul 2025Magnolia Oil44053856560$68.39$3.20
Jun 2025Magnolia Oil317000$68.17$3.02
May 2025Magnolia Oil11000$62.17$3.12
Apr 2025Magnolia Oil20000$63.54$3.42
Mar 2025Magnolia Oil00000$68.24$4.12
Feb 2025Magnolia Oil210000$71.53$4.19
Jan 2025Magnolia Oil32000$75.74$4.13
Dec 2024Magnolia Oil79017170$70.12$3.01
Nov 2024Magnolia Oil4415711591590$69.95$2.12
Oct 2024Magnolia Oil5685581561560$71.99$2.20
Sep 2024Magnolia Oil8797523103100$70.24$2.28
Aug 2024Magnolia Oil101000$76.68$1.99
Jul 2024Magnolia Oil00000$81.80$2.07
Jun 2024Magnolia Oil240110$79.77$2.54
May 2024Magnolia Oil00000$80.02$2.12
Apr 2024Magnolia Oil20000$85.35$1.60
Mar 2024Magnolia Oil4645625485480$81.28$1.49
Feb 2024Magnolia Oil7787478558550$77.25$1.72
Jan 2024Magnolia Oil3743787627620$74.15$3.18
Dec 2023Magnolia Oil6447201,1691,1690$71.90$2.52
Nov 2023Magnolia Oil6255531,3791,3790$77.69$2.71
Oct 2023Magnolia Oil6427381,3791,3790$85.64$2.98
Sep 2023Magnolia Oil5915511,2801,2800$89.43$2.64
Aug 2023Magnolia Oil6237211,3671,3670$81.39$2.58

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

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

Magnolia Oil & Gas Operating LLC in Lee County

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