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Texas oil lease

Producing

OTTER UNIT

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

1 well

3,509bbl oil, last 12 months+40% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-24270

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
2,325 mcf
Oil in Jul 2026
398 bbl

Production by month

Oil output rose 40% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 40% over the last 12 monthsMonthly oil production and gas for OTTER UNIT, Aug 2023 to Jul 2026. Oil output rose 40% over the last 12 months. 3,509 bbl in the 12 months through Jul 2026, against 2,502 bbl in the 12 months before.Last 12 months: 3,509 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 40% over the last 12 monthsMonthly oil production and gas for OTTER UNIT, Aug 2023 to Jul 2026. Oil output rose 40% over the last 12 months. 3,509 bbl in the 12 months through Jul 2026, against 2,502 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to lease fuel in the last 12 months

All of the gas went to lease fuel in the last 12 monthsShare of OTTER UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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 lease fuel in the last 12 monthsShare of OTTER UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to lease fuel 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 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 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 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 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 OTTER UNIT
API numberWell no.Status
42-331-335291Active

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, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

239.57 acres on the newest permit

A pooling certificate was filed

Permits for Otter Unit
API numberWell no.Acreson the permit
42-331-335291239.57

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 OTTER UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil39835124800$80.46$2.89
Jun 2026Magnolia Oil41254224000$84.81$3.15
May 2026Magnolia Oil44735724000$102.13$2.94
Apr 2026Magnolia Oil43336324000$100.32$2.77
Mar 2026Magnolia Oil49951824800$91.38$3.04
Feb 2026Magnolia Oil1311746900$64.51$3.62
Jan 2026Magnolia Oil29135424800$60.04$7.72
Dec 2025Magnolia Oil18618024000$57.97$4.26
Nov 2025Magnolia Oil26916924000$60.06$3.79
Oct 2025Magnolia Oil33034624800$60.89$3.19
Sep 2025Magnolia Oil1121766400$63.96$2.97
Aug 2025Magnolia Oil11000$64.86$2.91
Jul 2025Magnolia Oil10000$68.39$3.20
Jun 2025Magnolia Oil97015200$68.17$3.02
May 2025Magnolia Oil17717823200$62.17$3.12
Apr 2025Magnolia Oil17217123800$63.54$3.42
Mar 2025Magnolia Oil23335224400$68.24$4.12
Feb 2025Magnolia Oil24617922400$71.53$4.19
Jan 2025Magnolia Oil27935324800$75.74$4.13
Dec 2024Magnolia Oil28618224000$70.12$3.01
Nov 2024Magnolia Oil28034624000$69.95$2.12
Oct 2024Magnolia Oil24514424800$71.99$2.20
Sep 2024Magnolia Oil24436124000$70.24$2.28
Aug 2024Magnolia Oil24217324800$76.68$1.99
Jul 2024Magnolia Oil19517324800$81.80$2.07
Jun 2024Magnolia Oil21935124000$79.77$2.54
May 2024Magnolia Oil22417224800$80.02$2.12
Apr 2024Magnolia Oil18317924000$85.35$1.60
Mar 2024Magnolia Oil22718524800$81.28$1.49
Feb 2024Magnolia Oil26533823200$77.25$1.72
Jan 2024Magnolia Oil35235324800$74.15$3.18
Dec 2023Magnolia Oil25118422700$71.90$2.52
Nov 2023LRR Pecos27635722400$77.69$2.71
Oct 2023LRR Pecos24618024800$85.64$2.98
Sep 2023LRR Pecos24717622800$89.43$2.64
Aug 2023LRR Pecos24836024800$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)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Austin Chalk-3) field

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