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MINERVA

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

1 well

281bbl oil, last 12 months−78% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-12395

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
38 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output fell 78% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 78% over the last 12 monthsMonthly oil production and gas for MINERVA, Aug 2023 to Jul 2026. Oil output fell 78% over the last 12 months. 281 bbl in the 12 months through Jul 2026, against 1,289 bbl in the 12 months before.Last 12 months: 281 bblbbl per monthmcf per month005020100401506020080Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 78% over the last 12 monthsMonthly oil production and gas for MINERVA, Aug 2023 to Jul 2026. Oil output fell 78% over the last 12 months. 281 bbl in the 12 months through Jul 2026, against 1,289 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005020100401506020080Jan 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 MINERVA 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 MINERVA 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 Aug 2025

Operators of this lease over timeDallas Petroleum Group, LLC, Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025Dallas Petroleum Group, LLCJan 2020 to Jul 2025Magnolia Oil & Gas Operating…Aug 2025 to now
Operators of this lease over timeDallas Petroleum Group, LLC, Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025Dallas Petroleum Group, LLCJan 2020 to Jul 2025Magnolia Oil & Gas Operating LLCAug 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on MINERVA
API numberWell no.Status
42-287-304931Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Mar 1, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017–
Enterprise Crude Oil LLCOilGathers50Feb 1, 2014Mar 1, 2022
Genesis Crude Oil, L.p.OilGathers50Jan 1, 2013Mar 1, 2022

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

Who buys my oilOil price check

275.68 acres on the newest permit

A pooling certificate was filed

Permits for Minerva
API numberWell no.Acreson the permit
42-287-304931275.68
42-287-304931 H275.68

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 MINERVA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil00000$80.46$2.89
Jun 2026Magnolia Oil00000$84.81$3.15
May 2026Magnolia Oil00000$102.13$2.94
Apr 2026Magnolia Oil00000$100.32$2.77
Mar 2026Magnolia Oil00000$91.38$3.04
Feb 2026Magnolia Oil00000$64.51$3.62
Jan 2026Magnolia Oil10000$60.04$7.72
Dec 2025Magnolia Oil110440$57.97$4.26
Nov 2025Magnolia Oil261660$60.06$3.79
Oct 2025Magnolia Oil7018324240$60.89$3.19
Sep 2025Magnolia Oil970000$63.96$2.97
Aug 2025Magnolia Oil76420440$64.86$2.91
Jul 2025Dallas Petroleum750550$68.39$3.20
Jun 2025Dallas Petroleum84132320$68.17$3.02
May 2025Dallas Petroleum10916914140$62.17$3.12
Apr 2025Dallas Petroleum71125250$63.54$3.42
Mar 2025Dallas Petroleum100166660$68.24$4.12
Feb 2025Dallas Petroleum80020200$71.53$4.19
Jan 2025Dallas Petroleum127262000$75.74$4.13
Dec 2024Dallas Petroleum91135350$70.12$3.01
Nov 2024Dallas Petroleum9819019190$69.95$2.12
Oct 2024Dallas Petroleum18618831310$71.99$2.20
Sep 2024Dallas Petroleum1141880$70.24$2.28
Aug 2024Dallas Petroleum15416226260$76.68$1.99
Jul 2024Dallas Petroleum70000$81.80$2.07
Jun 2024Dallas Petroleum20179000$79.77$2.54
May 2024Dallas Petroleum1340000$80.02$2.12
Apr 2024Dallas Petroleum70000$85.35$1.60
Mar 2024Dallas Petroleum11719153530$81.28$1.49
Feb 2024Dallas Petroleum109141410$77.25$1.72
Jan 2024Dallas Petroleum11619166660$74.15$3.18
Dec 2023Dallas Petroleum11218158580$71.90$2.52
Nov 2023Dallas Petroleum70050500$77.69$2.71
Oct 2023Dallas Petroleum10218333330$85.64$2.98
Sep 2023Dallas Petroleum109034340$89.43$2.64
Aug 2023Dallas Petroleum14518332320$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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