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Texas oil lease

Producing

NATALIE

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

1 well

5,608bbl oil, last 12 months−10% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27880

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
7,744 mcf
Oil in Jul 2026
478 bbl

Production by month

Oil output fell 10% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for NATALIE, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 5,608 bbl in the 12 months through Jul 2026, against 6,237 bbl in the 12 months before.Last 12 months: 5,608 bblbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for NATALIE, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 5,608 bbl in the 12 months through Jul 2026, against 6,237 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002505005001,0007501,5001,0002,0001,2502,500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

97% of the gas went to a transmission line in the last 12 months

Flaring peaked at 86.0% of the gas in Jul 2024.

  • Transmission line (2)
  • Flared (4)
97% of the gas went to a transmission line in the last 12 monthsShare of NATALIE gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months. Flaring peaked at 86.0% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 86.0%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
97% of the gas went to a transmission line in the last 12 monthsShare of NATALIE gas by disposition code each month, Aug 2023 to Jul 2026. 97% of the gas went to a transmission line in the last 12 months. Flaring peaked at 86.0% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Flared 86.0%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    97% · 7,484 mcf

  • Flared (4)

    3.4% · 260 mcf

3.4% of the gas flared in the last 12 months. 16 months above 3%.

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2021 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2021 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on NATALIE
API numberWell no.Status
42-331-350951HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jan 14, 2021–
Energy Transfer CompanyCasinghead gasBuys100Jan 14, 2021–
Energy Transfer CompanyCasinghead gasGathers100Jan 14, 2021–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers75Jan 14, 2021Jul 1, 2021

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

Who buys my oilOil price check

2,876.41 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Natalie
API numberWell no.Acreson the permit
42-331-350951HA2,876.41

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 NATALIE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil4783591,00596045$80.46$2.89
Jun 2026Magnolia Oil49152996992247$84.81$3.15
May 2026Magnolia Oil607705946813133$102.13$2.94
Apr 2026Magnolia Oil4813556286262$100.32$2.77
Mar 2026Magnolia Oil1923482422402$91.38$3.04
Feb 2026Magnolia Oil4585343913910$64.51$3.62
Jan 2026Magnolia Oil4473495985980$60.04$7.72
Dec 2025Magnolia Oil5265267487408$57.97$4.26
Nov 2025Magnolia Oil4763586776716$60.06$3.79
Oct 2025Magnolia Oil5426936696654$60.89$3.19
Sep 2025Magnolia Oil5255305475407$63.96$2.97
Aug 2025Magnolia Oil3853503243186$64.86$2.91
Jul 2025Magnolia Oil606517436218218$68.39$3.20
Jun 2025Magnolia Oil5917045515501$68.17$3.02
May 2025Magnolia Oil540000$62.17$3.12
Apr 2025Magnolia Oil54954331069241$63.54$3.42
Mar 2025Magnolia Oil75270547740671$68.24$4.12
Feb 2025Magnolia Oil6197101,028660368$71.53$4.19
Jan 2025Magnolia Oil7768981,142993149$75.74$4.13
Dec 2024Magnolia Oil79570295988376$70.12$3.01
Nov 2024Magnolia Oil4013532702646$69.95$2.12
Oct 2024Magnolia Oil29217830291$71.99$2.20
Sep 2024Magnolia Oil31433978744$70.24$2.28
Aug 2024Magnolia Oil488527268112156$76.68$1.99
Jul 2024Magnolia Oil79489047867411$81.80$2.07
Jun 2024Magnolia Oil805694516290226$79.77$2.54
May 2024Magnolia Oil4965343803791$80.02$2.12
Apr 2024Magnolia Oil4153724094090$85.35$1.60
Mar 2024Magnolia Oil4865513673670$81.28$1.49
Feb 2024Magnolia Oil150000$77.25$1.72
Jan 2024Magnolia Oil4333565155123$74.15$3.18
Dec 2023Magnolia Oil9289061,0651,0650$71.90$2.52
Nov 2023LRR Pecos1,0431,0831,0601,0591$77.69$2.71
Oct 2023LRR Pecos00000$85.64$2.98
Sep 2023LRR Pecos23933932929732$89.43$2.64
Aug 2023LRR Pecos1,1211,0661,5711,338233$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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Nearby

This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Austin Chalk-3) field

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