Skip to content
Royalty Clerk

Texas gas well · RRC district 02 · Lease 295474

Producing

OASIS UNIT

Oasis Unit is a gas well in Karnes County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Sugarkane (Austin Chalk) field. The Railroad Commission shows 50,289 mcf of gas in the 12 months through Jul 2026.

Gas well dossier

50,289mcf gas, last 12 months−10% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Karnes County
Field
Sugarkane (Austin Chalk)
RRC lease
02-295474

Own a share of this lease?

Is your check right?

Upload a check stub or a phone photo. We compare every month with the state numbers on this page.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County · RRC district 02Open Karnes County →
Oil, last 12 months
8,186 bbl
Gas in Jul 2026
3,727 mcf
Reporting to the state
since Jan 2020
Data through
Jul 2026

Production

Month by month, from the state record

What the Railroad Commission says this gas well produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Gas output fell 10% over the last 12 months

50,289 mcf in the 12 months through Jul 2026, against 56,024 mcf in the 12 months before.

  • Gas (bars, left axis)
  • Oil (line, right axis)
  • Last 12 months
Gas output fell 10% over the last 12 monthsMonthly gas production and oil for OASIS UNIT, Aug 2023 to Jul 2026. Gas output fell 10% over the last 12 months. 50,289 mcf in the 12 months through Jul 2026, against 56,024 mcf in the 12 months before.Last 12 months: 50,289 mcfmcf per monthbbl per month002,0002504,0005006,0007508,0001,00010k1,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 10% over the last 12 monthsMonthly gas production and oil for OASIS UNIT, Aug 2023 to Jul 2026. Gas output fell 10% over the last 12 months. 50,289 mcf in the 12 months through Jul 2026, against 56,024 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002,0002504,0005006,0007508,0001,00010k1,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas well 295474, district 02. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

77% of the gas went to a transmission line in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

  • Transmission line (2)
  • Lease fuel (1)
77% of the gas went to a transmission line in the last 12 monthsShare of OASIS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 77% 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
77% of the gas went to a transmission line in the last 12 monthsShare of OASIS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 77% 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, gas disposition by code, lease 295474, district 02. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

Magnolia Oil & Gas Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating LLCJan 2020 to nowthrough Jul 2026

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

Wells on this lease

Every well the Railroad Commission links to gas well 295474 in district 02. The API number is the state’s ID for a well.

No wells are linked to this lease in our data

Older leases and some gas wells are filed without well records. Production is still reported at lease level, so the charts and ledger on this page are unaffected.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Condensate

    Plains Marketing, L.p., Harvest Marketing & Trading, LLC and Shell Trading (Us) Company gather it.

    Plains Marketing, L.p. gathers it: 40% of it, on the list since Jan 7, 2025 · Harvest Marketing & Trading, LLC gathers it: 30% of it, on the list since Sep 1, 2025 · Shell Trading (Us) Company gathers it: 30% of it, on the list since Sep 1, 2025

  • Gas from gas wells

    Energy Transfer Company buys it; Startex Field Services, LLC gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since Sep 1, 2025 · Startex Field Services, LLC gathers it: 100% of it, on the list since Mar 1, 2018

Companies that used to be listed: Flint Hills Resources, LP (gathers it, until Sep 1, 2025); Phillips 66 Company (gathers it, until Sep 1, 2025); Et Gathering & Processing LLC (buys it, until Sep 1, 2025); Bp Products North America Inc. (gathers it, until Jan 7, 2025); Enterprise Crude Oil LLC (gathers it, until Jan 7, 2025); Ironwood Midst Energy Ptnrs LLC (gathers it, until Jan 7, 2025).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Who buys my oil and gasIs my oil price fair?

Unit and wells

320 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Mar 1, 2018
Latest permit
Oct 27, 2017
Wells and acres on the permits for Oasis Unit
API numberWell no.Acreson the permit
42-255-35657101H320

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

Compare with the price on my stub

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says OASIS UNIT sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Gas sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for OASIS UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil5155093,7272,8600$80.46$2.89
Jun 2026Magnolia Oil7939134,0973,1870$84.81$3.15
May 2026Magnolia Oil7695464,6863,7910$102.13$2.94
Apr 2026Magnolia Oil5165363,2812,5220$100.32$2.77
Mar 2026Magnolia Oil7089424,6143,7080$91.38$3.04
Feb 2026Magnolia Oil7965644,2223,3670$64.51$3.62
Jan 2026Magnolia Oil6467503,3602,4950$60.04$7.72
Dec 2025Magnolia Oil7107133,7382,8830$57.97$4.26
Nov 2025Magnolia Oil8887474,2533,3040$60.06$3.79
Oct 2025Magnolia Oil7417275,0664,0420$60.89$3.19
Sep 2025Magnolia Oil7589255,3114,1170$63.96$2.97
Aug 2025Magnolia Oil3461873,9342,5020$64.86$2.91
Jul 2025Magnolia Oil7077504,4413,4780$68.39$3.20
Jun 2025Magnolia Oil7167494,3453,3960$68.17$3.02
May 2025Magnolia Oil7347574,4943,6180$62.17$3.12
Apr 2025Magnolia Oil7305715,2724,3900$63.54$3.42
Mar 2025Magnolia Oil3505534,3283,5610$68.24$4.12
Feb 2025Magnolia Oil7487365,5624,6580$71.53$4.19
Jan 2025Magnolia Oil7627644,4213,4690$75.74$4.13
Dec 2024Magnolia Oil8107634,4163,4490$70.12$3.01
Nov 2024Magnolia Oil7947214,5063,6020$69.95$2.12
Oct 2024Magnolia Oil8169434,9163,9820$71.99$2.20
Sep 2024Magnolia Oil8547494,6053,7780$70.24$2.28
Aug 2024Magnolia Oil7617384,7183,8840$76.68$1.99
Jul 2024Magnolia Oil8249414,8013,9300$81.80$2.07
Jun 2024Magnolia Oil1,0321,1105,2484,4270$79.77$2.54
May 2024Magnolia Oil6877455,2784,3940$80.02$2.12
Apr 2024Magnolia Oil6875494,1753,3280$85.35$1.60
Mar 2024Magnolia Oil9339344,5833,6680$81.28$1.49
Feb 2024Magnolia Oil9911,1304,5883,7100$77.25$1.72
Jan 2024Magnolia Oil9507345,0534,1670$74.15$3.18
Dec 2023Magnolia Oil3405673,1422,2830$71.90$2.52
Nov 2023Magnolia Oil8727484,7423,7950$77.69$2.71
Oct 2023Magnolia Oil9449495,3904,4300$85.64$2.98
Sep 2023Magnolia Oil9698934,7283,8720$89.43$2.64
Aug 2023Magnolia Oil9851,1265,6794,7730$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

Check your statements

Do your checks match this lease?

Upload your statements for OASIS UNIT. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Magnolia Oil & Gas Operating LLC.

Check my statementTry a sample owner
  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldSugarkane (Austin Chalk)CountyKarnes County

Magnolia Oil & Gas Operating LLC in Karnes County

All Magnolia Oil & Gas Operating LLC leases →

Sugarkane (Austin Chalk) field

All leases in this field →

New drilling permits in Karnes County

We do not have coordinates for this lease, so these are the newest permits in its county.

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Gas sold” volume for the month the check covers and multiply it by your decimal. The answer should match the mcf on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, gas well 295474, district 02, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.

FAQ

Questions about OASIS UNIT

Who operates the OASIS UNIT lease?

The Railroad Commission lists Magnolia Oil & Gas Operating LLC (operator number 521544) as the operator of this lease in Karnes County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the OASIS UNIT lease produced?

The lease reported 8,186 bbl of oil and 50,289 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

Check my statement