Skip to content
Royalty Clerk

Texas oil lease · RRC district 03 · Lease 20648

Producing

SCHRAMM UNIT

Schramm Unit is an oil lease in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 833 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

833bbl oil, last 12 months−13% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-20648

Own a share of this lease?

Is your check right?

Upload a check stub or a phone photo. We compare every month with the state numbers on this page.

Check my statement

Free. No account needed. Two to four pages.

Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County · RRC district 03Open Fayette County →
Gas, last 12 months
8,399 mcf
Oil in Jul 2026
88 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 13% over the last 12 months

833 bbl in the 12 months through Jul 2026, against 954 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for SCHRAMM UNIT, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 833 bbl in the 12 months through Jul 2026, against 954 bbl in the 12 months before.Last 12 months: 833 bblbbl per monthmcf per month00505001001,0001501,5002002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 13% over the last 12 monthsMonthly oil production and gas for SCHRAMM UNIT, Aug 2023 to Jul 2026. Oil output fell 13% over the last 12 months. 833 bbl in the 12 months through Jul 2026, against 954 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 20648, 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 SCHRAMM 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 SCHRAMM 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, gas disposition by code, lease 20648, 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.

Magnolia Oil & Gas Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating LLCJan 2020 to nowthrough Jul 2026

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 20648 in district 03. The API number is the state’s ID for a well.
Wells on SCHRAMM UNIT
API numberWell no.Status
42-149-323781Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 20648.

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 Oct 1, 2015

  • Gas from oil wells

    Magnolia Oil & Gas Operating LLC buys it; Energy Transfer Company gathers it.

    Magnolia Oil & Gas Operating LLC buys it: 100% of it, on the list since Sep 1, 2018 · Energy Transfer Company gathers it: 100% of it, on the list since Jan 1, 2007

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.

Who buys my oil and gasIs my oil price fair?

Unit and wells

203.40 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
2
First completion
Feb 16, 1990
Latest permit
Aug 13, 2001

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 Schramm Unit
API numberWell no.Acreson the permit
42-149-323781203.40
42-149-323781RE203.40

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.

Check my decimal against the unit

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.

Compare with the price on my stub

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 SCHRAMM UNIT 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 SCHRAMM UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil8801,0051,0050$80.46$2.89
Jun 2026Magnolia Oil871878658650$84.81$3.15
May 2026Magnolia Oil9801,0291,0290$102.13$2.94
Apr 2026Magnolia Oil881898498490$100.32$2.77
Mar 2026Magnolia Oil1301891,1611,1610$91.38$3.04
Feb 2026Magnolia Oil19901,4821,4820$64.51$3.62
Jan 2026Magnolia Oil005955950$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 Oil4604154150$63.96$2.97
Aug 2025Magnolia Oil971869989980$64.86$2.91
Jul 2025Magnolia Oil1441781,0631,0630$68.39$3.20
Jun 2025Magnolia Oil3909009000$68.17$3.02
May 2025Magnolia Oil391884684680$62.17$3.12
Apr 2025Magnolia Oil9401,0201,0200$63.54$3.42
Mar 2025Magnolia Oil1941951,4491,4490$68.24$4.12
Feb 2025Magnolia Oil2601,1521,1520$71.53$4.19
Jan 2025Magnolia Oil00000$75.74$4.13
Dec 2024Magnolia Oil8302972970$70.12$3.01
Nov 2024Magnolia Oil891858718710$69.95$2.12
Oct 2024Magnolia Oil9207257250$71.99$2.20
Sep 2024Magnolia Oil701945175170$70.24$2.28
Aug 2024Magnolia Oil8406946940$76.68$1.99
Jul 2024Magnolia Oil591896466460$81.80$2.07
Jun 2024Magnolia Oil8808988980$79.77$2.54
May 2024Magnolia Oil1571881,2641,2640$80.02$2.12
Apr 2024Magnolia Oil1301421420$85.35$1.60
Mar 2024Magnolia Oil10206776770$81.28$1.49
Feb 2024Magnolia Oil961956706700$77.25$1.72
Jan 2024Magnolia Oil12106616610$74.15$3.18
Dec 2023Magnolia Oil1101956976970$71.90$2.52
Nov 2023Magnolia Oil9017337330$77.69$2.71
Oct 2023Magnolia Oil1101938248240$85.64$2.98
Sep 2023Magnolia Oil8508058050$89.43$2.64
Aug 2023Magnolia Oil811757167160$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).

Check your statements

Do your checks match this lease?

Upload your statements for SCHRAMM UNIT. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Magnolia Oil & Gas Operating LLC.

Check my statementTry a sample owner
  • A month that was never paid
  • Your share of the barrels and mcf
  • The price against WTI and Henry Hub
  • Fees taken on gas
  • Late payment interest

Around this lease

Walk the neighborhood

Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

All Magnolia Oil & Gas Operating LLC leases →

Giddings (Austin Chalk-3) field

All leases in this field →

Leases within 10 km

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 20648, 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.