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Texas oil lease

Producing

OBSIDIAN UNIT

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

1 well

1,380bbl oil, last 12 months+2% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22925

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
6,941 mcf
Oil in Jul 2026
165 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for OBSIDIAN UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,380 bbl in the 12 months through Jul 2026, against 1,359 bbl in the 12 months before.Last 12 months: 1,380 bblbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for OBSIDIAN UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,380 bbl in the 12 months through Jul 2026, against 1,359 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,0002502,500Jan 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 OBSIDIAN UNIT 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 OBSIDIAN UNIT 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.

1 well on this lease

Wells on OBSIDIAN UNIT
API numberWell no.Status
42-149-329811Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005

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

Who buys my oilOil price check

446.74 acres on the newest permit

A pooling certificate was filed

Permits for Obsidian Unit
API numberWell no.Acreson the permit
42-149-329811446.74

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 OBSIDIAN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261651791,0821,0820$80.46$2.89
Jun 20261971849589580$84.81$3.15
May 20262091896616610$102.13$2.94
Apr 20262243766946940$100.32$2.77
Mar 202617606096090$91.38$3.04
Feb 20261861875625620$64.51$3.62
Jan 20262231874974970$60.04$7.72
Dec 2025005025020$57.97$4.26
Nov 2025004344340$60.06$3.79
Oct 2025005985980$60.89$3.19
Sep 20250037370$63.96$2.97
Aug 2025003073070$64.86$2.91
Jul 2025003333330$68.39$3.20
Jun 20250793063060$68.17$3.02
May 2025003913910$62.17$3.12
Apr 20251805725720$63.54$3.42
Mar 20251781871,7561,7560$68.24$4.12
Feb 20251591921,6091,6090$71.53$4.19
Jan 20251761801,7361,7360$75.74$4.13
Dec 20241771801,6231,6230$70.12$3.01
Nov 20241761701,6301,6300$69.95$2.12
Oct 20241671751,6211,6210$71.99$2.20
Sep 20241551751,5861,5860$70.24$2.28
Aug 20241531881,4491,4490$76.68$1.99
Jul 20241421931,5001,5000$81.80$2.07
Jun 202415521,2941,2940$79.77$2.54
May 20241491881,0331,0330$80.02$2.12
Apr 20241701941,4491,4490$85.35$1.60
Mar 20241561961,5281,5280$81.28$1.49
Feb 202413731,1641,1640$77.25$1.72
Jan 20241301912412410$74.15$3.18
Dec 20231211631,2161,2160$71.90$2.52
Nov 20232021951,1161,1160$77.69$2.71
Oct 20231941916776770$85.64$2.98
Sep 20232431945925920$89.43$2.64
Aug 20231402532530$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

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

Magnolia Oil & Gas Operating LLC in Fayette County

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