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Texas oil lease

Producing

PALE RIDER

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

1 well

39,980bbl oil, last 12 months−33% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Robertson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28081

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Where it sits

This county

Robertson CountyRobertsonFallsLimestoneMadisonMcLennanLeonBrazosMilamRobertson County
Robertson County
Gas, last 12 months
96,503 mcf
Oil in Jul 2026
1,046 bbl

Production by month

Oil output fell 33% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for PALE RIDER, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 39,980 bbl in the 12 months through Jul 2026, against 60,040 bbl in the 12 months before.Last 12 months: 39,980 bblbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 33% over the last 12 monthsMonthly oil production and gas for PALE RIDER, Aug 2023 to Jul 2026. Oil output fell 33% over the last 12 months. 39,980 bbl in the 12 months through Jul 2026, against 60,040 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,0005,00010k10k15k15k20k20k25k25kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to a transmission line instead of lease fuel

Flaring peaked at 18.6% of the gas in Feb 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Mar 2024 the lease's gas goes to a transmission line instead of lease fuelShare of PALE RIDER gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 18.6% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: fuel to lineFlared 18.6%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 the lease's gas goes to a transmission line instead of lease fuelShare of PALE RIDER gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to a transmission line instead of lease fuel. Flaring peaked at 18.6% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Mar 24: fuel to lineFlared 18.6%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    93% · 90,039 mcf

  • Flared (4)

    6.7% · 6,464 mcf

6.7% of the gas flared in the last 12 months. 9 months above 3%.

Who has run this lease

The operator changed once, most recently in Dec 2023

Operators of this lease over timeLRR Pecos Valley, LLC, Jun 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCJun 2023 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeLRR Pecos Valley, LLC, Jun 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCJun 2023 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 PALE RIDER
API numberWell no.Status
42-395-320891HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75Jun 6, 2023
4J Energy, LLCOilGathers25Jun 6, 2023
Energy Transfer CompanyCasinghead gasBuys100Jun 6, 2023
Energy Transfer CompanyCasinghead gasGathers100Jun 6, 2023

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

Who buys my oilOil price check

1,263.80 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 Pale Rider
API numberWell no.Acreson the permit
42-395-320891HA1,263.80

SourceRailroad Commission drilling permits, Oct 3, 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 PALE RIDER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil1,04669677770$80.46$2.89
Jun 2026Magnolia Oil2,2712,2726,9766,395581$84.81$3.15
May 2026Magnolia Oil3,1373,1898,8288,8280$102.13$2.94
Apr 2026Magnolia Oil3,1173,0148,5438,47469$100.32$2.77
Mar 2026Magnolia Oil3,5463,7408,9977,6201,377$91.38$3.04
Feb 2026Magnolia Oil3,1913,1948,2396,7081,531$64.51$3.62
Jan 2026Magnolia Oil3,6623,5089,3989,055343$60.04$7.72
Dec 2025Magnolia Oil3,9113,9219,1238,550573$57.97$4.26
Nov 2025Magnolia Oil3,9053,8758,8707,7311,139$60.06$3.79
Oct 2025Magnolia Oil3,9893,9739,2728,872400$60.89$3.19
Sep 2025Magnolia Oil4,0474,1999,0628,611451$63.96$2.97
Aug 2025Magnolia Oil4,1583,9789,1189,1180$64.86$2.91
Jul 2025Magnolia Oil3,9814,0178,7138,396317$68.39$3.20
Jun 2025Magnolia Oil4,1704,2078,8068,638168$68.17$3.02
May 2025Magnolia Oil3,3073,3377,7347,518216$62.17$3.12
Apr 2025Magnolia Oil3,0573,1967,8617,690171$63.54$3.42
Mar 2025Magnolia Oil4,8614,77610,56510,50659$68.24$4.12
Feb 2025Magnolia Oil4,5274,4259,7459,7432$71.53$4.19
Jan 2025Magnolia Oil5,3325,48911,09211,0920$75.74$4.13
Dec 2024Magnolia Oil5,4145,36811,48511,4850$70.12$3.01
Nov 2024Magnolia Oil5,9525,80312,40812,4080$69.95$2.12
Oct 2024Magnolia Oil6,1866,18913,33213,3320$71.99$2.20
Sep 2024Magnolia Oil6,4366,55713,03713,0370$70.24$2.28
Aug 2024Magnolia Oil6,8176,86013,07113,0710$76.68$1.99
Jul 2024Magnolia Oil6,8707,03413,15313,1530$81.80$2.07
Jun 2024Magnolia Oil7,7727,67913,43413,40034$79.77$2.54
May 2024Magnolia Oil8,2628,55613,89413,8940$80.02$2.12
Apr 2024Magnolia Oil8,4368,40814,12513,747378$85.35$1.60
Mar 2024Magnolia Oil9,9969,83215,18914,739450$81.28$1.49
Feb 2024Magnolia Oil9,8789,89114,4475250$77.25$1.72
Jan 2024Magnolia Oil11,27911,27315,62715,61512$74.15$3.18
Dec 2023Magnolia Oil12,82112,68117,31917,3190$71.90$2.52
Nov 2023LRR Pecos14,21814,29117,49117,4910$77.69$2.71
Oct 2023LRR Pecos14,06714,03714,53014,5291$85.64$2.98
Sep 2023LRR Pecos17,51617,21419,35019,248102$89.43$2.64
Aug 2023LRR Pecos21,78621,95521,16821,1635$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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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Robertson County

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Giddings (Austin Chalk-3) field

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