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Texas oil lease

Producing

SCHULZ-ARMSTRONG UNIT

Schulz-Armstrong 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

894bbl oil, last 12 months+4% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21865

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Gas, last 12 months
10,783 mcf
Oil in Jul 2026
68 bbl

Production by month

Oil output rose 4% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for SCHULZ-ARMSTRONG UNIT, Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 894 bbl in the 12 months through Jul 2026, against 860 bbl in the 12 months before.Last 12 months: 894 bblbbl per monthmcf per month00505001001,0001501,5002002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 4% over the last 12 monthsMonthly oil production and gas for SCHULZ-ARMSTRONG UNIT, Aug 2023 to Jul 2026. Oil output rose 4% over the last 12 months. 894 bbl in the 12 months through Jul 2026, against 860 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, 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 SCHULZ-ARMSTRONG 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 SCHULZ-ARMSTRONG 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 SCHULZ-ARMSTRONG UNIT
API numberWell no.Status
42-149-326051Active

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

359.94 acres on the newest permit

A pooling certificate was filed

Permits for Schulz-Armstrong Unit
API numberWell no.Acreson the permit
42-149-326051359.94

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 SCHULZ-ARMSTRONG UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266809239230$80.46$2.89
Jun 2026921828218210$84.81$3.15
May 20263708288280$102.13$2.94
Apr 2026621798768760$100.32$2.77
Mar 20268109469460$91.38$3.04
Feb 20267007857850$64.51$3.62
Jan 2026721808818810$60.04$7.72
Dec 20257809269260$57.97$4.26
Nov 2025781869519510$60.06$3.79
Oct 20256109029020$60.89$3.19
Sep 202510601,0441,0440$63.96$2.97
Aug 2025891809009000$64.86$2.91
Jul 20253207027020$68.39$3.20
Jun 20256108358350$68.17$3.02
May 2025781869539530$62.17$3.12
Apr 20258509369360$63.54$3.42
Mar 2025771879259250$68.24$4.12
Feb 20256008968960$71.53$4.19
Jan 20258409549540$75.74$4.13
Dec 2024761691,0261,0260$70.12$3.01
Nov 20247109959950$69.95$2.12
Oct 2024721731,0821,0820$71.99$2.20
Sep 20247801,0551,0550$70.24$2.28
Aug 2024861801,1011,1010$76.68$1.99
Jul 2024941841,2621,2620$81.80$2.07
Jun 202415701,4061,4060$79.77$2.54
May 2024881767457450$80.02$2.12
Apr 20242805775770$85.35$1.60
Mar 20242806076070$81.28$1.49
Feb 20243205565560$77.25$1.72
Jan 20242505735730$74.15$3.18
Dec 20234005015010$71.90$2.52
Nov 2023631726966960$77.69$2.71
Oct 20235507147140$85.64$2.98
Sep 20236608548540$89.43$2.64
Aug 2023651828418410$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)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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