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Texas oil lease

Producing

PLAINS DRIFTER

Plains Drifter is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Eagleford) field.

1 well

18,890bbl oil, last 12 months−34% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Eagleford)
RRC lease
03-28080

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
14,566 mcf
Oil in Jul 2026
1,264 bbl

Production by month

Oil output fell 34% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for PLAINS DRIFTER, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 18,890 bbl in the 12 months through Jul 2026, against 28,442 bbl in the 12 months before.Last 12 months: 18,890 bblbbl per monthmcf per month002,5002,0005,0004,0007,5006,00010k8,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 34% over the last 12 monthsMonthly oil production and gas for PLAINS DRIFTER, Aug 2023 to Jul 2026. Oil output fell 34% over the last 12 months. 18,890 bbl in the 12 months through Jul 2026, against 28,442 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,5002,0005,0004,0007,5006,00010k8,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

90% of the gas went to a transmission line in the last 12 months

Flaring peaked at 22.4% of the gas in Jun 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
90% of the gas went to a transmission line in the last 12 monthsShare of PLAINS DRIFTER gas by disposition code each month, Aug 2023 to Jul 2026. 90% of the gas went to a transmission line in the last 12 months. Flaring peaked at 22.4% of the gas in Jun 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 22.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
90% of the gas went to a transmission line in the last 12 monthsShare of PLAINS DRIFTER gas by disposition code each month, Aug 2023 to Jul 2026. 90% of the gas went to a transmission line in the last 12 months. Flaring peaked at 22.4% of the gas in Jun 2024.Share of gas by disposition code0%50%100%Flared 22.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    90% · 13,070 mcf

  • Lease fuel (1)

    9.9% · 1,443 mcf

  • Flared (4)

    0.4% · 53 mcf

0.4% of the gas flared in the last 12 months. 3 months above 3%.

Who has run this lease

The operator changed once, most recently in Dec 2023

Operators of this lease over timeLRR Pecos Valley, LLC, May 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCMay 2023 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeLRR Pecos Valley, LLC, May 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCMay 2023 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 PLAINS DRIFTER
API numberWell no.Status
42-051-343761HEActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75May 10, 2023
4J Energy, LLCOilGathers25May 10, 2023
Energy Transfer CompanyCasinghead gasBuys100May 10, 2023
Energy Transfer CompanyCasinghead gasGathers100May 10, 2023

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

Who buys my oilOil price check

2,339.39 acres on the newest permit

An allocation well is on this lease

Permits for Plains Drifter
API numberWell no.Acreson the permit
42-051-343761HE2,339.39

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 PLAINS DRIFTER
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil1,2641,23458651914$80.46$2.89
Jun 2026Magnolia Oil1,2691,2436295711$84.81$3.15
May 2026Magnolia Oil1,2921,41971763914$102.13$2.94
Apr 2026Magnolia Oil1,4261,4301,02592218$100.32$2.77
Mar 2026Magnolia Oil1,4831,4031,1481,0440$91.38$3.04
Feb 2026Magnolia Oil1,3961,6091,2741,1680$64.51$3.62
Jan 2026Magnolia Oil1,6551,5981,8281,6910$60.04$7.72
Dec 2025Magnolia Oil1,7621,5861,8851,7500$57.97$4.26
Nov 2025Magnolia Oil1,7351,7681,3581,2265$60.06$3.79
Oct 2025Magnolia Oil1,9151,9381,3121,1180$60.89$3.19
Sep 2025Magnolia Oil1,7671,7791,2841,1081$63.96$2.97
Aug 2025Magnolia Oil1,9261,7781,5201,3140$64.86$2.91
Jul 2025Magnolia Oil1,9631,9121,1139470$68.39$3.20
Jun 2025Magnolia Oil2,2202,4391,3341,1300$68.17$3.02
May 2025Magnolia Oil1,9091,7626455120$62.17$3.12
Apr 2025Magnolia Oil2,0042,0091,6311,4901$63.54$3.42
Mar 2025Magnolia Oil2,0792,1992,2332,1210$68.24$4.12
Feb 2025Magnolia Oil2,0261,8719979350$71.53$4.19
Jan 2025Magnolia Oil2,2942,3971,3801,28019$75.74$4.13
Dec 2024Magnolia Oil2,5042,4981,6861,5510$70.12$3.01
Nov 2024Magnolia Oil2,9232,9731,5141,3620$69.95$2.12
Oct 2024Magnolia Oil3,4433,3721,7861,5520$71.99$2.20
Sep 2024Magnolia Oil2,1332,0861,4561,2377$70.24$2.28
Aug 2024Magnolia Oil2,9443,0473,2692,614421$76.68$1.99
Jul 2024Magnolia Oil3,2073,1134,0933,030832$81.80$2.07
Jun 2024Magnolia Oil3,7423,9154,4463,245996$79.77$2.54
May 2024Magnolia Oil3,8803,7842,3782,1650$80.02$2.12
Apr 2024Magnolia Oil4,1164,2472,8372,6310$85.35$1.60
Mar 2024Magnolia Oil4,8784,9221,6411,4340$81.28$1.49
Feb 2024Magnolia Oil4,4904,1705944630$77.25$1.72
Jan 2024Magnolia Oil1,1281,3895463820$74.15$3.18
Dec 2023Magnolia Oil4,9104,9525,3325,0960$71.90$2.52
Nov 2023LRR Pecos7,0747,3856,5406,5400$77.69$2.71
Oct 2023LRR Pecos4,5063,8121,1131,09419$85.64$2.98
Sep 2023LRR Pecos5,5605,8014,3534,27578$89.43$2.64
Aug 2023LRR Pecos8,0648,2566,7676,7670$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 (Eagleford)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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