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Texas oil lease

Producing

SCHOTT-FREEMAN UNIT

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

1 well

2,028bbl oil, last 12 months+45% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21625

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
2,925 mcf
Oil in Jul 2026
0 bbl

Production by month

Oil output rose 45% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for SCHOTT-FREEMAN UNIT, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 2,028 bbl in the 12 months through Jul 2026, against 1,401 bbl in the 12 months before.Last 12 months: 2,028 bblbbl per monthmcf per month002005004001,0006001,5008002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 45% over the last 12 monthsMonthly oil production and gas for SCHOTT-FREEMAN UNIT, Aug 2023 to Jul 2026. Oil output rose 45% over the last 12 months. 2,028 bbl in the 12 months through Jul 2026, against 1,401 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 SCHOTT-FREEMAN 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 SCHOTT-FREEMAN 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.

1 well on this lease

Wells on SCHOTT-FREEMAN UNIT
API numberWell no.Status
42-149-325891Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Shell Trading (Us) CompanyOilGathers100Oct 1, 2015
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005

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

Who buys my oilOil price check

283.79 acres on the newest permit

A pooling certificate was filed

Permits for Schott-Freeman Unit
API numberWell no.Acreson the permit
42-149-325891283.79

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 SCHOTT-FREEMAN UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202600660$80.46$2.89
Jun 20260173000$84.81$3.15
May 202600110$102.13$2.94
Apr 20269102972970$100.32$2.77
Mar 20267187521,4781,4780$91.38$3.04
Feb 20265985278848840$64.51$3.62
Jan 20265145682062060$60.04$7.72
Dec 202592038380$57.97$4.26
Nov 20251113130$60.06$3.79
Oct 202500000$60.89$3.19
Sep 202500000$63.96$2.97
Aug 2025140220$64.86$2.91
Jul 202500000$68.39$3.20
Jun 20250122000$68.17$3.02
May 202500000$62.17$3.12
Apr 202500000$63.54$3.42
Mar 2025370110$68.24$4.12
Feb 20257216266260$71.53$4.19
Jan 2025921908298290$75.74$4.13
Dec 20241061866826820$70.12$3.01
Nov 20242241817727720$69.95$2.12
Oct 20242431811,0831,0830$71.99$2.20
Sep 20242703801,1191,1190$70.24$2.28
Aug 20243571881,6381,6380$76.68$1.99
Jul 20243415671,6011,6010$81.80$2.07
Jun 20243451911,5261,5260$79.77$2.54
May 20243123811,1281,1280$80.02$2.12
Apr 20242811941,0211,0210$85.35$1.60
Mar 20243743891,1421,1420$81.28$1.49
Feb 20243313838718710$77.25$1.72
Jan 20242951917187180$74.15$3.18
Dec 20232493766456450$71.90$2.52
Nov 20233413725955950$77.69$2.71
Oct 20234183856126120$85.64$2.98
Sep 20234213784464460$89.43$2.64
Aug 20234915613543540$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)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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Giddings (Austin Chalk-3) field

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