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Texas oil lease

Producing

SCHULZE UNIT

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

1 well

825bbl oil, last 12 months−6% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22442

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
5,447 mcf
Oil in Jul 2026
68 bbl

Production by month

Oil output fell 6% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for SCHULZE UNIT, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 825 bbl in the 12 months through Jul 2026, against 876 bbl in the 12 months before.Last 12 months: 825 bblbbl per monthmcf per month00505001001,0001501,5002002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 6% over the last 12 monthsMonthly oil production and gas for SCHULZE UNIT, Aug 2023 to Jul 2026. Oil output fell 6% over the last 12 months. 825 bbl in the 12 months through Jul 2026, against 876 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 SCHULZE 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 SCHULZE 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 SCHULZE UNIT
API numberWell no.Status
42-287-324251HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2021
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jul 1, 2021

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

Who buys my oilOil price check

828.63 acres on the newest permit

A pooling certificate was filed

Permits for Schulze Unit
API numberWell no.Acreson the permit
42-287-324251H828.63

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 SCHULZE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20266803763760$80.46$2.89
Jun 20261021843533530$84.81$3.15
May 20262707247240$102.13$2.94
Apr 2026871694674670$100.32$2.77
Mar 20267303943940$91.38$3.04
Feb 2026391783093090$64.51$3.62
Jan 20267505165160$60.04$7.72
Dec 20257105095090$57.97$4.26
Nov 20257604434430$60.06$3.79
Oct 2025721804844840$60.89$3.19
Sep 20256504604600$63.96$2.97
Aug 2025701834124120$64.86$2.91
Jul 20257004004000$68.39$3.20
Jun 2025671893673670$68.17$3.02
May 202510101,2521,2520$62.17$3.12
Apr 202511306056050$63.54$3.42
Mar 2025441872642640$68.24$4.12
Feb 20251521779679670$71.53$4.19
Jan 2025001441440$75.74$4.13
Dec 20243901701700$70.12$3.01
Nov 20246404594590$69.95$2.12
Oct 2024891795115110$71.99$2.20
Sep 20243804724720$70.24$2.28
Aug 2024991795555550$76.68$1.99
Jul 20243502782780$81.80$2.07
Jun 20246408058050$79.77$2.54
May 20241841757297290$80.02$2.12
Apr 20241201251250$85.35$1.60
Mar 2024761914194190$81.28$1.49
Feb 20245015665660$77.25$1.72
Jan 20249804114110$74.15$3.18
Dec 2023831905305300$71.90$2.52
Nov 20237503773770$77.69$2.71
Oct 20235405505500$85.64$2.98
Sep 20231341884424420$89.43$2.64
Aug 2023671773743740$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Lee County

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