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Texas oil lease

Producing

RALEIGH UNIT

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

2 wells

13bbl oil, last 12 months−95% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-18729

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Oil in Jul 2026
0 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 95% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 95% over the last 12 monthsMonthly oil production and gas for RALEIGH UNIT, Aug 2023 to Jul 2026. Oil output fell 95% over the last 12 months. 13 bbl in the 12 months through Jul 2026, against 241 bbl in the 12 months before.Last 12 months: 13 bblbbl per monthmcf per month0020100402006030080400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 95% over the last 12 monthsMonthly oil production and gas for RALEIGH UNIT, Aug 2023 to Jul 2026. Oil output fell 95% over the last 12 months. 13 bbl in the 12 months through Jul 2026, against 241 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020100402006030080400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plantShare of RALEIGH UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Dec 2023: plant to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plantShare of RALEIGH UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Dec 2023 the lease's gas goes to a transmission line instead of a processing plant.Share of gas by disposition code0%50%100%Dec 23: plant to lineJan 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.

2 wells on this lease

Wells on RALEIGH UNIT
API numberWell no.Status
42-051-328401Shut-in
42-051-332712Shut-in

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).

Who buys my oilOil price check

160 acres on the newest permit

A pooling certificate was filed

Permits for Raleigh Unit
API numberWell no.Acreson the permit
42-051-332712160
42-051-328401160

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 RALEIGH UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil00000$80.46$2.89
Jun 2026Magnolia Oil00000$84.81$3.15
May 2026Magnolia Oil80000$102.13$2.94
Apr 2026Magnolia Oil0133000$100.32$2.77
Mar 2026Magnolia Oil00000$91.38$3.04
Feb 2026Magnolia Oil00000$64.51$3.62
Jan 2026Magnolia Oil50000$60.04$7.72
Dec 2025Magnolia Oil00000$57.97$4.26
Nov 2025Magnolia Oil00000$60.06$3.79
Oct 2025Magnolia Oil00000$60.89$3.19
Sep 2025Magnolia Oil00000$63.96$2.97
Aug 2025Magnolia Oil00000$64.86$2.91
Jul 2025Magnolia Oil00000$68.39$3.20
Jun 2025Magnolia Oil00000$68.17$3.02
May 2025Magnolia Oil00000$62.17$3.12
Apr 2025Magnolia Oil00000$63.54$3.42
Mar 2025Magnolia Oil00000$68.24$4.12
Feb 2025Magnolia Oil00000$71.53$4.19
Jan 2025Magnolia Oil00000$75.74$4.13
Dec 2024Magnolia Oil320000$70.12$3.01
Nov 2024Magnolia Oil4302352350$69.95$2.12
Oct 2024Magnolia Oil5202772770$71.99$2.20
Sep 2024Magnolia Oil511622732730$70.24$2.28
Aug 2024Magnolia Oil6302872870$76.68$1.99
Jul 2024Magnolia Oil3402432430$81.80$2.07
Jun 2024Magnolia Oil621892652650$79.77$2.54
May 2024Magnolia Oil4102062060$80.02$2.12
Apr 2024Magnolia Oil6802842840$85.35$1.60
Mar 2024Magnolia Oil631732572570$81.28$1.49
Feb 2024Magnolia Oil5212342340$77.25$1.72
Jan 2024Magnolia Oil4802402400$74.15$3.18
Dec 2023Magnolia Oil491652572570$71.90$2.52
Nov 2023Magnolia Oil6102872870$77.69$2.71
Oct 2023Magnolia Oil4602722720$85.64$2.98
Sep 2023Magnolia Oil3602502500$89.43$2.64
Aug 2023Magnolia Oil231802972970$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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Nearby

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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