Texas oil lease
ProducingPATRICIA UNIT
Patricia Unit is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.
2 wells
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Lee County
- RRC lease
- 03-15651
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 17,311 mcf
- Oil in Jul 2026
- 16 bbl
Checks stopped on this lease?
- Operator
Operator changed: Magnolia Oil & Gas Operating LLC took over from U. S. Operating, Inc. in Aug 2025.
- P-5
The previous operator's P-5 registration is listed as inactive since Nov 26, 2025 (last P-5 filed Nov 18, 2024).
- Sales
No sales reported for the last 4 months of state data (through Jul 2026).
SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.
See why checks stop on this leaseProduction by month
Oil output fell 42% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
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
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Who has run this lease
The operator changed once, most recently in Aug 2025
- Magnolia Oil & Gas Operating LLC Aug 2025 to now
- U. S. Operating, Inc. Jan 2020 to Jul 2025
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
2 wells on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-287-30655 | 2RE | Shut-in |
| 42-287-31077 | 1 | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Shell Trading (Us) Company | Oil | Gathers | 100 | Jan 1, 2019 | – |
| Dcp Operating Company, LP | Casinghead gas | Buys | 100 | Apr 1, 2017 | – |
| Dcp Operating Company, LP | Casinghead gas | Gathers | 100 | Apr 1, 2017 | – |
| Enterprise Crude Oil LLC | Oil | Gathers | 100 | Jan 1, 2016 | Jan 1, 2019 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
321.67 acres on the newest permit
- Good to know
A pooling certificate (P-12) was filed
Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.
- 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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-287-30655 | 2RE | Aug 24, 2004 | Nov 26, 2004 | 321.67 |
| 42-287-31077 | 1 | Aug 24, 2001 | Jan 26, 1982 | 321.67 |
| 42-287-31077 | 1RE | Aug 24, 2001 | Jan 26, 1982 | 321.67 |
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Magnolia Oil | 16 | 0 | 1,515 | 1,515 | 0 | $80.46 | $2.89 |
| Jun 2026Magnolia Oil | 16 | 0 | 1,894 | 1,894 | 0 | $84.81 | $3.15 |
| May 2026Magnolia Oil | 23 | 0 | 1,469 | 1,469 | 0 | $102.13 | $2.94 |
| Apr 2026Magnolia Oil | 18 | 0 | 1,407 | 1,407 | 0 | $100.32 | $2.77 |
| Mar 2026Magnolia Oil | 40 | 166 | 1,531 | 1,531 | 0 | $91.38 | $3.04 |
| Feb 2026Magnolia Oil | 44 | 0 | 1,670 | 1,670 | 0 | $64.51 | $3.62 |
| Jan 2026Magnolia Oil | 17 | 2 | 1,355 | 1,355 | 0 | $60.04 | $7.72 |
| Dec 2025Magnolia Oil | 15 | 0 | 1,266 | 1,266 | 0 | $57.97 | $4.26 |
| Nov 2025Magnolia Oil | 15 | 0 | 1,044 | 1,044 | 0 | $60.06 | $3.79 |
| Oct 2025Magnolia Oil | 32 | 0 | 1,451 | 1,451 | 0 | $60.89 | $3.19 |
| Sep 2025Magnolia Oil | 18 | 0 | 1,812 | 1,812 | 0 | $63.96 | $2.97 |
| Aug 2025Magnolia Oil | 0 | 53 | 897 | 897 | 0 | $64.86 | $2.91 |
| Jul 2025U. S. | 28 | 0 | 1,303 | 1,303 | 0 | $68.39 | $3.20 |
| Jun 2025U. S. | 7 | 63 | 1,116 | 1,116 | 0 | $68.17 | $3.02 |
| May 2025U. S. | 13 | 0 | 1,158 | 1,158 | 0 | $62.17 | $3.12 |
| Apr 2025U. S. | 19 | 0 | 1,246 | 1,246 | 0 | $63.54 | $3.42 |
| Mar 2025U. S. | 35 | 0 | 2,055 | 2,055 | 0 | $68.24 | $4.12 |
| Feb 2025U. S. | 104 | 110 | 3,741 | 3,741 | 0 | $71.53 | $4.19 |
| Jan 2025U. S. | 0 | 0 | 728 | 728 | 0 | $75.74 | $4.13 |
| Dec 2024U. S. | 20 | 111 | 1,137 | 1,137 | 0 | $70.12 | $3.01 |
| Nov 2024U. S. | 48 | 0 | 2,493 | 2,493 | 0 | $69.95 | $2.12 |
| Oct 2024U. S. | 43 | 145 | 2,710 | 2,710 | 0 | $71.99 | $2.20 |
| Sep 2024U. S. | 66 | 0 | 2,703 | 2,703 | 0 | $70.24 | $2.28 |
| Aug 2024U. S. | 53 | 0 | 2,856 | 2,856 | 0 | $76.68 | $1.99 |
| Jul 2024U. S. | 54 | 91 | 2,461 | 2,461 | 0 | $81.80 | $2.07 |
| Jun 2024U. S. | 46 | 100 | 3,073 | 3,073 | 0 | $79.77 | $2.54 |
| May 2024U. S. | 90 | 1 | 3,968 | 3,968 | 0 | $80.02 | $2.12 |
| Apr 2024U. S. | 19 | 66 | 876 | 876 | 0 | $85.35 | $1.60 |
| Mar 2024U. S. | 61 | 0 | 3,031 | 3,031 | 0 | $81.28 | $1.49 |
| Feb 2024U. S. | 57 | 103 | 2,870 | 2,870 | 0 | $77.25 | $1.72 |
| Jan 2024U. S. | 36 | 0 | 2,910 | 2,910 | 0 | $74.15 | $3.18 |
| Dec 2023U. S. | 57 | 182 | 2,933 | 2,933 | 0 | $71.90 | $2.52 |
| Nov 2023U. S. | 55 | 0 | 2,666 | 2,666 | 0 | $77.69 | $2.71 |
| Oct 2023U. S. | 66 | 106 | 2,799 | 2,799 | 0 | $85.64 | $2.98 |
| Sep 2023U. S. | 47 | 32 | 2,740 | 2,740 | 0 | $89.43 | $2.64 |
| Aug 2023U. S. | 54 | 0 | 2,849 | 2,849 | 0 | $81.39 | $2.58 |
SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.
How to check your stub against this lease Checks stopped on this lease? See the likely reasonsDo your checks match this lease?
Nearby
This lease belongs to
Magnolia Oil & Gas Operating LLC in Lee County
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Drilling permits within 10 km
BUCK TRAVIS TWO #H 02BT
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 9.4 km
Permit 0916801 · Jul 8, 2026
PISTOL PETE THREE #H 03PC
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 7.8 km
Permit 0913366 · Mar 9, 2026
PISTOL PETE ONE #H 01PC
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 7.8 km
Permit 0913365 · Mar 9, 2026
NITTANY STATE #H 05NL
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 5.1 km
Permit 0910925 · Oct 17, 2025
LION FOUR #H 04NL
new drill · horizontal · Magnolia Oil & Gas Operating LLC · Lee County · 5 km
Permit 0910922 · Oct 10, 2025