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Texas oil lease

Producing

PETERS-CALVIN UNIT

Peters-Calvin 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

3,066bbl oil, last 12 months+14% vs prior year
RRC lease
03-21544

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
9,353 mcf
Oil in Jul 2026
327 bbl

Production by month

Oil output rose 14% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 14% over the last 12 monthsMonthly oil production and gas for PETERS-CALVIN UNIT, Aug 2023 to Jul 2026. Oil output rose 14% over the last 12 months. 3,066 bbl in the 12 months through Jul 2026, against 2,679 bbl in the 12 months before.Last 12 months: 3,066 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 14% over the last 12 monthsMonthly oil production and gas for PETERS-CALVIN UNIT, Aug 2023 to Jul 2026. Oil output rose 14% over the last 12 months. 3,066 bbl in the 12 months through Jul 2026, against 2,679 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002005004001,0006001,5008002,000Jan 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 PETERS-CALVIN 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 PETERS-CALVIN 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 3 times, most recently in Mar 2023

Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company,…Jan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating…Mar 2023 to now
Operators of this lease over timeSheridan Production Company, LLC, Jan 2020 to Mar 2020; FDL Operating, LLC, Apr 2020 to Feb 2022; Daylight Petroleum LLC, Mar 2022 to Feb 2023; Magnolia Oil & Gas Operating LLC, Mar 2023 to Jul 20262020202120222023202420252026Changed Apr 2020Changed Mar 2022Changed Mar 2023Sheridan Production Company, LLCJan 2020 to Mar 2020FDL Operating, LLCApr 2020 to Feb 2022Daylight Petroleum LLCMar 2022 to Feb 2023Magnolia Oil & Gas Operating LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on PETERS-CALVIN UNIT
API numberWell no.Status
42-051-332981Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer CompanyOilGathers100Jul 31, 2023–
Energy Transfer CompanyCasinghead gasBuys100Aug 31, 2007–
Energy Transfer CompanyCasinghead gasGathers100Aug 31, 2007–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2020Jul 31, 2023
Shell Trading (Us) CompanyOilGathers100Nov 30, 2019May 1, 2020
Enterprise Crude Oil LLCOilGathers25Jun 1, 2012Nov 30, 2019
Flint Hills Resources, LPOilGathers75Jun 1, 2012Nov 30, 2019

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

419.90 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 Peters-Calvin Unit
API numberWell no.Acreson the permit
42-051-332981419.90

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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 PETERS-CALVIN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil3271898088080$80.46$2.89
Jun 2026Magnolia Oil4145521,3901,3900$84.81$3.15
May 2026Magnolia Oil4273781,4321,4320$102.13$2.94
Apr 2026Magnolia Oil5075361,5711,5710$100.32$2.77
Mar 2026Magnolia Oil5345311,7411,7410$91.38$3.04
Feb 2026Magnolia Oil4353701,3071,3070$64.51$3.62
Jan 2026Magnolia Oil4213681,0881,0880$60.04$7.72
Dec 2025Magnolia Oil00000$57.97$4.26
Nov 2025Magnolia Oil0010100$60.06$3.79
Oct 2025Magnolia Oil00000$60.89$3.19
Sep 2025Magnolia Oil156660$63.96$2.97
Aug 2025Magnolia Oil00000$64.86$2.91
Jul 2025Magnolia Oil1891807887880$68.39$3.20
Jun 2025Magnolia Oil2021756776770$68.17$3.02
May 2025Magnolia Oil2303678698690$62.17$3.12
Apr 2025Magnolia Oil2961828608600$63.54$3.42
Mar 2025Magnolia Oil431884164160$68.24$4.12
Feb 2025Magnolia Oil1851777377370$71.53$4.19
Jan 2025Magnolia Oil2791848348340$75.74$4.13
Dec 2024Magnolia Oil2803751,0951,0950$70.12$3.01
Nov 2024Magnolia Oil2011947347340$69.95$2.12
Oct 2024Magnolia Oil2671821,1041,1040$71.99$2.20
Sep 2024Magnolia Oil2653511,1271,1270$70.24$2.28
Aug 2024Magnolia Oil2421801,0251,0250$76.68$1.99
Jul 2024Magnolia Oil2511831,1841,1840$81.80$2.07
Jun 2024Magnolia Oil2183611,0061,0060$79.77$2.54
May 2024Magnolia Oil2781751,2111,2110$80.02$2.12
Apr 2024Magnolia Oil2273501,0311,0310$85.35$1.60
Mar 2024Magnolia Oil2391881,1031,1030$81.28$1.49
Feb 2024Magnolia Oil2151809329320$77.25$1.72
Jan 2024Magnolia Oil2701811,2121,2120$74.15$3.18
Dec 2023Magnolia Oil3475561,4911,4910$71.90$2.52
Nov 2023Magnolia Oil2521851,2421,2420$77.69$2.71
Oct 2023Magnolia Oil1911781,2261,2260$85.64$2.98
Sep 2023Magnolia Oil2801781,4011,4010$89.43$2.64
Aug 2023Magnolia Oil2573591,4681,4680$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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Nearby

Magnolia Oil & Gas Operating LLC in Burleson County

All Magnolia Oil & Gas Operating LLC leases →

Giddings (Austin Chalk-3) field

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