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Texas oil lease

Producing

RUNGE

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

1 well

4,344bbl oil, last 12 months−2% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-24466

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
4,846 mcf
Oil in Jul 2026
351 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for RUNGE, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 4,344 bbl in the 12 months through Jul 2026, against 4,411 bbl in the 12 months before.Last 12 months: 4,344 bblbbl per monthmcf per month00200200400400600600800800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for RUNGE, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 4,344 bbl in the 12 months through Jul 2026, against 4,411 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00200200400400600600800800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Apr 2026 the lease's gas goes to lease fuel instead of a transmission line

  • Transmission line (2)
  • Lease fuel (1)
Since Apr 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of RUNGE gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to lease fuel instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Apr 2026: line to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Apr 2026 the lease's gas goes to lease fuel instead of a transmission lineShare of RUNGE gas by disposition code each month, Aug 2023 to Jul 2026. Since Apr 2026 the lease's gas goes to lease fuel instead of a transmission line.Share of gas by disposition code0%50%100%Apr 26: line to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    55% · 2,668 mcf

  • Transmission line (2)

    45% · 2,178 mcf

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 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 RUNGE
API numberWell no.Status
42-331-335581Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Sep 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

1,003.74 acres on the newest permit

Permits for Runge
API numberWell no.Acreson the permit
42-331-3355811,003.74

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 RUNGE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil3513544492010$80.46$2.89
Jun 2026Magnolia Oil3333624462060$84.81$3.15
May 2026Magnolia Oil3323654542060$102.13$2.94
Apr 2026Magnolia Oil3773584552150$100.32$2.77
Mar 2026Magnolia Oil3703516113630$91.38$3.04
Feb 2026Magnolia Oil3073564392150$64.51$3.62
Jan 2026Magnolia Oil5575366083600$60.04$7.72
Dec 2025Magnolia Oil3353621971000$57.97$4.26
Nov 2025Magnolia Oil1771802811420$60.06$3.79
Oct 2025Magnolia Oil3793243861380$60.89$3.19
Sep 2025Magnolia Oil384359272320$63.96$2.97
Aug 2025Magnolia Oil44252424800$64.86$2.91
Jul 2025Magnolia Oil51535824800$68.39$3.20
Jun 2025Magnolia Oil34536415200$68.17$3.02
May 2025Magnolia Oil61672724800$62.17$3.12
Apr 2025Magnolia Oil4263618100$63.54$3.42
Mar 2025Magnolia Oil100000$68.24$4.12
Feb 2025Magnolia Oil631797900$71.53$4.19
Jan 2025Magnolia Oil37236424800$75.74$4.13
Dec 2024Magnolia Oil40635924800$70.12$3.01
Nov 2024Magnolia Oil35735724000$69.95$2.12
Oct 2024Magnolia Oil41036024800$71.99$2.20
Sep 2024Magnolia Oil42935124000$70.24$2.28
Aug 2024Magnolia Oil46255022100$76.68$1.99
Jul 2024Magnolia Oil37535720800$81.80$2.07
Jun 2024Magnolia Oil44153124000$79.77$2.54
May 2024Magnolia Oil45934724800$80.02$2.12
Apr 2024Magnolia Oil56172724000$85.35$1.60
Mar 2024Magnolia Oil54354324800$81.28$1.49
Feb 2024Magnolia Oil56653523200$77.25$1.72
Jan 2024Magnolia Oil38318111200$74.15$3.18
Dec 2023Magnolia Oil33855317600$71.90$2.52
Nov 2023LRR Pecos50636324000$77.69$2.71
Oct 2023LRR Pecos49753324600$85.64$2.98
Sep 2023LRR Pecos51453324000$89.43$2.64
Aug 2023LRR Pecos64470924800$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)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Austin Chalk-3) field

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