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Texas oil lease

Producing

PEARL UNIT

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

1 well

1,405bbl oil, last 12 months+45% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22809

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
7,422 mcf
Oil in Jul 2026
122 bbl

Production by month

Oil output rose 45% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for PEARL UNIT, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 1,405 bbl in the 12 months through Jul 2026, against 966 bbl in the 12 months before.Last 12 months: 1,405 bblbbl per monthmcf per month00501,0001002,0001503,0002004,0002505,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for PEARL UNIT, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 1,405 bbl in the 12 months through Jul 2026, against 966 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00501,0001002,0001503,0002004,0002505,000Jan 24JulJan 25JulJan 26Jul

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

All of the gas went to a transmission line in the last 12 monthsShare of PEARL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 a transmission line in the last 12 monthsShare of PEARL UNIT gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line 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 once, most recently in May 2024

Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating…May 2024 to now
Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating LLCMay 2024 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PEARL UNIT
API numberWell no.Status
42-149-328961Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Gulfmark Energy, Inc.OilGathers100Jan 1, 2017–
Dcp Operating Company, LPCasinghead gasBuys100May 1, 2024–
Amp Texas Pipelines, LLCCasinghead gasGathers100Jul 1, 2020–
Energy Transfer CompanyCasinghead gasBuys100Jul 1, 2020May 1, 2024

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

Who buys my oilOil price check

486.20 acres on the newest permit

A pooling certificate was filed

Permits for Pearl Unit
API numberWell no.Acreson the permit
42-149-328961486.20

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 PEARL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil12201,2961,2960$80.46$2.89
Jun 2026Magnolia Oil1673461,2191,2190$84.81$3.15
May 2026Magnolia Oil2241831,2611,2610$102.13$2.94
Apr 2026Magnolia Oil2361831,1361,1360$100.32$2.77
Mar 2026Magnolia Oil2211759049040$91.38$3.04
Feb 2026Magnolia Oil1192065245240$64.51$3.62
Jan 2026Magnolia Oil1431693893890$60.04$7.72
Dec 2025Magnolia Oil10505045040$57.97$4.26
Nov 2025Magnolia Oil00000$60.06$3.79
Oct 2025Magnolia Oil6801891890$60.89$3.19
Sep 2025Magnolia Oil00000$63.96$2.97
Aug 2025Magnolia Oil00000$64.86$2.91
Jul 2025Magnolia Oil1299990$68.39$3.20
Jun 2025Magnolia Oil05000$68.17$3.02
May 2025Magnolia Oil821741,1571,1570$62.17$3.12
Apr 2025Magnolia Oil9206186180$63.54$3.42
Mar 2025Magnolia Oil1353541,9181,9180$68.24$4.12
Feb 2025Magnolia Oil22002,5162,5160$71.53$4.19
Jan 2025Magnolia Oil040000$75.74$4.13
Dec 2024Magnolia Oil691811,1301,1300$70.12$3.01
Nov 2024Magnolia Oil11301,0241,0240$69.95$2.12
Oct 2024Magnolia Oil1061771,3381,3380$71.99$2.20
Sep 2024Magnolia Oil2701851850$70.24$2.28
Aug 2024Magnolia Oil1211791,7261,7260$76.68$1.99
Jul 2024Magnolia Oil5604064060$81.80$2.07
Jun 2024Magnolia Oil1231781,9041,9040$79.77$2.54
May 2024Magnolia Oil1761781,4031,4030$80.02$2.12
Apr 2024Geosouthern Energy4205255250$85.35$1.60
Mar 2024Geosouthern Energy1181781,6641,6640$81.28$1.49
Feb 2024Geosouthern Energy1961822,9272,9270$77.25$1.72
Jan 2024Geosouthern Energy10601,5771,5770$74.15$3.18
Dec 2023Geosouthern Energy1601462,0572,0570$71.90$2.52
Nov 2023Geosouthern Energy1181801,8081,8080$77.69$2.71
Oct 2023Geosouthern Energy1111801,9891,9890$85.64$2.98
Sep 2023Geosouthern Energy13801,6361,6360$89.43$2.64
Aug 2023Geosouthern Energy1973552,9912,9910$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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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Fayette County

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