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Texas oil lease

Producing

PAYNE PHEGLEY UNIT

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

1 well

1,733bbl oil, last 12 months−14% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23019

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
2,463 mcf
Oil in Jul 2026
137 bbl

Production by month

Oil output fell 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for PAYNE PHEGLEY UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,733 bbl in the 12 months through Jul 2026, against 2,007 bbl in the 12 months before.Last 12 months: 1,733 bblbbl per monthmcf per month00200504001006001508002001,000250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 14% over the last 12 monthsMonthly oil production and gas for PAYNE PHEGLEY UNIT, Aug 2023 to Jul 2026. Oil output fell 14% over the last 12 months. 1,733 bbl in the 12 months through Jul 2026, against 2,007 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200504001006001508002001,000250Jan 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 PAYNE PHEGLEY 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 PAYNE PHEGLEY 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 PAYNE PHEGLEY UNIT
API numberWell no.Status
42-051-335191Active

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 gasBuys100Apr 1, 2017–
Energy Transfer CompanyCasinghead gasGathers100Apr 1, 2017–
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

525.87 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.

Check your decimal on this lease
Permits for Payne Phegley Unit
API numberWell no.Acreson the permit
42-051-335191525.87

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 PAYNE PHEGLEY UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil13717824800$80.46$2.89
Jun 2026Magnolia Oil15716212500$84.81$3.15
May 2026Magnolia Oil62010900$102.13$2.94
Apr 2026Magnolia Oil13017724000$100.32$2.77
Mar 2026Magnolia Oil13817924800$91.38$3.04
Feb 2026Magnolia Oil131022400$64.51$3.62
Jan 2026Magnolia Oil13817624800$60.04$7.72
Dec 2025Magnolia Oil14517924800$57.97$4.26
Nov 2025Magnolia Oil14718724000$60.06$3.79
Oct 2025Magnolia Oil15917724800$60.89$3.19
Sep 2025Magnolia Oil26816823700$63.96$2.97
Aug 2025Magnolia Oil1211644800$64.86$2.91
Jul 2025Magnolia Oil10303100$68.39$3.20
Jun 2025Magnolia Oil11517913600$68.17$3.02
May 2025Magnolia Oil12517620000$62.17$3.12
Apr 2025Magnolia Oil16617924000$63.54$3.42
Mar 2025Magnolia Oil17917524500$68.24$4.12
Feb 2025Magnolia Oil16817822400$71.53$4.19
Jan 2025Magnolia Oil21718020000$75.74$4.13
Dec 2024Magnolia Oil16619115900$70.12$3.01
Nov 2024Magnolia Oil23235714200$69.95$2.12
Oct 2024Magnolia Oil15205700$71.99$2.20
Sep 2024Magnolia Oil38434320600$70.24$2.28
Aug 2024Magnolia Oil01000$76.68$1.99
Jul 2024Magnolia Oil23017523400$81.80$2.07
Jun 2024Magnolia Oil43053014700$79.77$2.54
May 2024Magnolia Oil00000$80.02$2.12
Apr 2024Magnolia Oil24817422400$85.35$1.60
Mar 2024Magnolia Oil51753824600$81.28$1.49
Feb 2024Magnolia Oil11817711600$77.25$1.72
Jan 2024Magnolia Oil27718924800$74.15$3.18
Dec 2023Magnolia Oil28235324800$71.90$2.52
Nov 2023LRR Pecos30736024000$77.69$2.71
Oct 2023LRR Pecos35535524800$85.64$2.98
Sep 2023LRR Pecos39733924000$89.43$2.64
Aug 2023LRR Pecos53552924500$81.39$2.58

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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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