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Texas oil lease

Producing

PAXTON

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

1 well

8,567bbl oil, last 12 months−2% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27586

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
29,219 mcf
Oil in Jul 2026
719 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 PAXTON, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 8,567 bbl in the 12 months through Jul 2026, against 8,729 bbl in the 12 months before.Last 12 months: 8,567 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for PAXTON, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 8,567 bbl in the 12 months through Jul 2026, against 8,729 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

57% of the gas went to a transmission line in the last 12 months

Flaring peaked at 93.9% of the gas in Jul 2024.

  • Transmission line (2)
  • Flared (4)
57% of the gas went to a transmission line in the last 12 monthsShare of PAXTON gas by disposition code each month, Aug 2023 to Jul 2026. 57% of the gas went to a transmission line in the last 12 months. Flaring peaked at 93.9% of the gas in Jul 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 93.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
57% of the gas went to a transmission line in the last 12 monthsShare of PAXTON gas by disposition code each month, Aug 2023 to Jul 2026. 57% of the gas went to a transmission line in the last 12 months. Flaring peaked at 93.9% of the gas in Jul 2024.Share of gas by disposition code0%50%100%Flared 93.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    57% · 16,743 mcf

  • Flared (4)

    43% · 12,476 mcf

42.7% of the gas flared in the last 12 months. 30 months above 3%.

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 PAXTON
API numberWell no.Status
42-331-350571HAActive

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 gasBuys100Jun 3, 2019–
Energy Transfer CompanyCasinghead gasGathers100Jun 3, 2019–
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 3, 2019Jul 1, 2020

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

Who buys my oilOil price check

1,749.36 acres on the newest permit

An allocation well is on this lease

Permits for Paxton
API numberWell no.Acreson the permit
42-331-350571HA1,749.36

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 PAXTON
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil7197061,8881,765123$80.46$2.89
Jun 2026Magnolia Oil7547061,7521,66488$84.81$3.15
May 2026Magnolia Oil7407031,6041,358246$102.13$2.94
Apr 2026Magnolia Oil6397121,7821,491291$100.32$2.77
Mar 2026Magnolia Oil6517132,6659951,670$91.38$3.04
Feb 2026Magnolia Oil6485282,9801,3351,645$64.51$3.62
Jan 2026Magnolia Oil6908902,9161,3391,577$60.04$7.72
Dec 2025Magnolia Oil6955422,6221,3081,314$57.97$4.26
Nov 2025Magnolia Oil8188822,2231,259964$60.06$3.79
Oct 2025Magnolia Oil7167062,7271,2551,472$60.89$3.19
Sep 2025Magnolia Oil7357203,0231,4321,591$63.96$2.97
Aug 2025Magnolia Oil7627153,0371,5421,495$64.86$2.91
Jul 2025Magnolia Oil8378872,3723712,001$68.39$3.20
Jun 2025Magnolia Oil7847202,6831,1691,514$68.17$3.02
May 2025Magnolia Oil7978862,2961,1521,144$62.17$3.12
Apr 2025Magnolia Oil39733591857861$63.54$3.42
Mar 2025Magnolia Oil7427012,1414371,704$68.24$4.12
Feb 2025Magnolia Oil6397141,013568445$71.53$4.19
Jan 2025Magnolia Oil8961,0623,4611,2162,245$75.74$4.13
Dec 2024Magnolia Oil9637263,6921,5492,143$70.12$3.01
Nov 2024Magnolia Oil9717620915950$69.95$2.12
Oct 2024Magnolia Oil8417162,9611,5241,437$71.99$2.20
Sep 2024Magnolia Oil8818943,1571,4671,690$70.24$2.28
Aug 2024Magnolia Oil8558721,9644231,541$76.68$1.99
Jul 2024Magnolia Oil9611,0741,8621131,749$81.80$2.07
Jun 2024Magnolia Oil1,0348833,1108752,235$79.77$2.54
May 2024Magnolia Oil16019210587$80.02$2.12
Apr 2024Magnolia Oil7558781,6941,6940$85.35$1.60
Mar 2024Magnolia Oil7137261,6651,59966$81.28$1.49
Feb 2024Magnolia Oil9609112,1892,1890$77.25$1.72
Jan 2024Magnolia Oil1,0161,0792,3062,29511$74.15$3.18
Dec 2023Magnolia Oil1,1181,0942,3242,3240$71.90$2.52
Nov 2023LRR Pecos1,0781,0832,7392,7363$77.69$2.71
Oct 2023LRR Pecos1,1341,0932,7992,7954$85.64$2.98
Sep 2023LRR Pecos1,3211,2582,8412,74893$89.43$2.64
Aug 2023LRR Pecos50952387377499$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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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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