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Texas oil lease · RRC district 03 · Lease 16708

Producing

PHYLLIS

Phyllis is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 988 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

988bbl oil, last 12 months−5% vs prior year
RRC lease
03-16708

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County · RRC district 03Open Lee County →
Gas, last 12 months
2,575 mcf
Oil in Jul 2026
87 bbl
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this oil lease produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Oil output fell 5% over the last 12 months

988 bbl in the 12 months through Jul 2026, against 1,041 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for PHYLLIS, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 988 bbl in the 12 months through Jul 2026, against 1,041 bbl in the 12 months before.Last 12 months: 988 bblbbl per monthmcf per month0050100100200150300200400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for PHYLLIS, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 988 bbl in the 12 months through Jul 2026, against 1,041 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 16708, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of PHYLLIS 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 PHYLLIS 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, gas disposition by code, lease 16708, district 03. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Aug 2025

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeU. S. Operating, Inc., Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025U. S. Operating, Inc.Jan 2020 to Jul 2025Magnolia Oil & Gas Operating…Aug 2025 to now
Operators of this lease over timeU. S. Operating, Inc., Jan 2020 to Jul 2025; Magnolia Oil & Gas Operating LLC, Aug 2025 to Jul 20262020202120222023202420252026Changed Aug 2025U. S. Operating, Inc.Jan 2020 to Jul 2025Magnolia Oil & Gas Operating LLCAug 2025 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to oil lease 16708 in district 03. The API number is the state’s ID for a well.
Wells on PHYLLIS
API numberWell no.Status
42-287-313331REActive

SourceTexas Railroad Commission Wellbore Query, district 03, lease 16708.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.
  • Oil

    Shell Trading (Us) Company gathers it.

    100% of it, on the list since Jan 1, 2019

  • Gas from oil wells

    Dcp Operating Company, LP buys and gathers it.

    Dcp Operating Company, LP buys it: 100% of it, on the list since Apr 1, 2017 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017

Companies that used to be listed: Enterprise Crude Oil LLC (gathers it, until Jan 1, 2019).

SourceRailroad Commission of Texas, Form P-4 file, dated Sep 24, 2026 (source). A listed company is authorised to move or buy the production; the state does not say what it paid.

Unit and wells

88 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
22 not plugged
Horizontal
0
First completion
Jun 20, 1983
Latest permit
Jul 1, 1983

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for Phyllis
API numberWell no.Acreson the permit
42-287-31333188
42-287-313331RE88

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.

Estimator

Estimate your royalty for this lease

A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

Estimator

What could your check be?

Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says PHYLLIS sold each month.

For example 0.00097656, or a fraction like 1/1024.

Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for PHYLLIS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil871762342340$80.46$2.89
Jun 2026Magnolia Oil8702912910$84.81$3.15
May 2026Magnolia Oil661631651650$102.13$2.94
Apr 2026Magnolia Oil8301441440$100.32$2.77
Mar 2026Magnolia Oil6715988880$91.38$3.04
Feb 2026Magnolia Oil7012802800$64.51$3.62
Jan 2026Magnolia Oil7516369690$60.04$7.72
Dec 2025Magnolia Oil8702412410$57.97$4.26
Nov 2025Magnolia Oil1231751911910$60.06$3.79
Oct 2025Magnolia Oil1021723963960$60.89$3.19
Sep 2025Magnolia Oil14101921920$63.96$2.97
Aug 2025Magnolia Oil0162842840$64.86$2.91
Jul 2025U. S.961012592590$68.39$3.20
Jun 2025U. S.6311591590$68.17$3.02
May 2025U. S.84891781780$62.17$3.12
Apr 2025U. S.78691991990$63.54$3.42
Mar 2025U. S.1201502342340$68.24$4.12
Feb 2025U. S.1401511151150$71.53$4.19
Jan 2025U. S.2701181180$75.74$4.13
Dec 2024U. S.94953233230$70.12$3.01
Nov 2024U. S.941233043040$69.95$2.12
Oct 2024U. S.1111082672670$71.99$2.20
Sep 2024U. S.1341502022020$70.24$2.28
Aug 2024U. S.0069690$76.68$1.99
Jul 2024U. S.79962942940$81.80$2.07
Jun 2024U. S.109821011010$79.77$2.54
May 2024U. S.119992932930$80.02$2.12
Apr 2024U. S.276823230$85.35$1.60
Mar 2024U. S.661101041040$81.28$1.49
Feb 2024U. S.1781811941940$77.25$1.72
Jan 2024U. S.951833143140$74.15$3.18
Dec 2023U. S.7722382380$71.90$2.52
Nov 2023U. S.12217495950$77.69$2.71
Oct 2023U. S.7722572570$85.64$2.98
Sep 2023U. S.6411111110$89.43$2.64
Aug 2023U. S.721732072070$81.39$2.58

No report filed More than 3% of gas flared

SourceVolumes: Texas Railroad Commission Production Data Query, reported through Jul 2026. Prices: EIA WTI Cushing spot and Henry Hub spot, monthly, through Aug 2026. “Gas sold” is gas sent to a transmission line (code 2) or a plant (code 3).

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  • Fees taken on gas
  • Late payment interest

Around this lease

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Magnolia Oil & Gas Operating LLC in Lee County

All Magnolia Oil & Gas Operating LLC leases →

Giddings (Austin Chalk-3) field

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Found by the location of their wells.

Drilling permits within 10 km

How to read this page

Questions owners ask

What is a decimal interest?

It is your share of the whole lease, written as a decimal. A 1/4 royalty on 5 net acres in a 1,280-acre unit is 1/4 × 5 ÷ 1,280 = 0.00097656. Your division order states yours.

How do I use this page to check a royalty check?

Take the “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels on your statement. If it does not, upload the statement and we will show where the two differ.

Why is the newest month Jul 2026?

The Railroad Commission publishes production two to three months after the fact and revises recent months. We re-pull the latest three months on every update.

Does this page show what my check should be?

No. It shows what the state recorded. Prices, fees and taxes depend on your lease and on what your operator gets for the oil and gas. The estimator gives a ceiling to compare against.

Sources and method

Where these numbers come from

  • Production and disposition by month: Texas Railroad Commission Production Data Query, oil lease 16708, district 03, reported through Jul 2026.
  • Wells: Texas Railroad Commission Wellbore Query.
  • Prices: U.S. Energy Information Administration, WTI Cushing spot and Henry Hub spot, monthly.
  • Page updated Sep 28, 2026.

We show the state’s numbers as filed. Where the state has no report for a month, we say so instead of guessing.