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Texas gas well

Producing

OLEY UNIT

Oley Unit is a gas well in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

Gas well dossier

27,764mcf gas, last 12 months−3% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-297935

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Oil, last 12 months
904 bbl
Gas in Jul 2026
2,134 mcf

Production by month

Gas output held steady over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output held steady over the last 12 monthsMonthly gas production and oil for OLEY UNIT, Sep 2023 to Jul 2026. Gas output held steady over the last 12 months. 27,764 mcf in the 12 months through Jul 2026, against 28,584 mcf in the 12 months before.Last 12 months: 27,764 mcfmcf per monthbbl per month002,0001004,0002006,0003008,00040010k500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output held steady over the last 12 monthsMonthly gas production and oil for OLEY UNIT, Sep 2023 to Jul 2026. Gas output held steady over the last 12 months. 27,764 mcf in the 12 months through Jul 2026, against 28,584 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month002,0001004,0002006,0003008,00040010k500Jan 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 OLEY UNIT gas by disposition code each month, Sep 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 OLEY UNIT gas by disposition code each month, Sep 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.

Wells on this lease

No wells are linked to this lease in our data

Production is still reported at lease level.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCCondensateGathers34Oct 1, 2025
Enterprise Crude Oil LLCCondensateGathers33Oct 1, 2025
Shell Trading (Us) CompanyCondensateGathers33Oct 1, 2025
Energy Transfer CompanyGas-well gasBuys100Sep 18, 2023
Energy Transfer CompanyGas-well gasGathers100Sep 18, 2023

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

Who buys my oilOil price check

155.97 acres on the newest permit

Permits for Oley Unit
API numberWell no.Acreson the permit
42-287-314472155.97

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

35 months, newest first

Ledger for OLEY UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264522,1342,1340$80.46$2.89
Jun 2026691872,2462,2460$84.81$3.15
May 20266912,1302,1300$102.13$2.94
Apr 20266512,0592,0590$100.32$2.77
Mar 2026791892,4642,4640$91.38$3.04
Feb 20269312,6522,6520$64.51$3.62
Jan 2026891832,6542,6540$60.04$7.72
Dec 20258222,3432,3430$57.97$4.26
Nov 20257302,1932,1930$60.06$3.79
Oct 2025821802,6382,6380$60.89$3.19
Sep 202594762,7632,7630$63.96$2.97
Aug 20256401,4881,4880$64.86$2.91
Jul 20251721794,4834,4830$68.39$3.20
Jun 20251031832,6932,6930$68.17$3.02
May 20252041693,4563,4560$62.17$3.12
Apr 20251151742,8932,8930$63.54$3.42
Mar 20254201,5561,5560$68.24$4.12
Feb 202510502,5012,5010$71.53$4.19
Jan 202502000$75.74$4.13
Dec 2024331888088080$70.12$3.01
Nov 20241541932,4132,4130$69.95$2.12
Oct 20244372356,0796,0790$71.99$2.20
Sep 2024008508500$70.24$2.28
Aug 2024008528520$76.68$1.99
Jul 2024006526520$81.80$2.07
Jun 2024008168160$79.77$2.54
May 2024006846840$80.02$2.12
Apr 202400000$85.35$1.60
Mar 2024002102100$81.28$1.49
Feb 2024009869860$77.25$1.72
Jan 2024008978970$74.15$3.18
Dec 2023001,2931,2930$71.90$2.52
Nov 2023001,1131,1130$77.69$2.71
Oct 202300000$85.64$2.98
Sep 202300000$89.43$2.64

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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Austin Chalk-3) field

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New drilling permits in Lee County

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