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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 12812

Producing

SHARON UNIT

Sharon Unit is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 10 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

10bbl oil, last 12 months−78% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-12812

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County · RRC district 03Open Burleson County →
Gas, last 12 months
10 mcf
Oil in Jul 2026
7 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 78% over the last 12 months

10 bbl in the 12 months through Jul 2026, against 45 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 78% over the last 12 monthsMonthly oil production and gas for SHARON UNIT, Aug 2023 to Jul 2026. Oil output fell 78% over the last 12 months. 10 bbl in the 12 months through Jul 2026, against 45 bbl in the 12 months before.Last 12 months: 10 bblbbl per monthmcf per month0020254050607580100Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 78% over the last 12 monthsMonthly oil production and gas for SHARON UNIT, Aug 2023 to Jul 2026. Oil output fell 78% over the last 12 months. 10 bbl in the 12 months through Jul 2026, against 45 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020254050607580100Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 12812, 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.

Since Jul 2025 the lease's gas goes to a transmission line instead of lease fuel

Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.

  • Transmission line (2)
  • Lease fuel (1)
Since Jul 2025 the lease's gas goes to a transmission line instead of lease fuelShare of SHARON UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to a transmission line instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2025: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2025 the lease's gas goes to a transmission line instead of lease fuelShare of SHARON UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2025 the lease's gas goes to a transmission line instead of lease fuel. Where gas goes decides how it is paid: processed gas can carry plant products and processing fees, gas sold straight to a pipeline usually does not.Share of gas by disposition code0%50%100%Jul 25: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 12812, 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.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

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.

The operator changed once, most recently in May 2024

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating…May 2024 to now
Operators of this lease over timeGeosouthern Energy Corporation, Jan 2020 to Apr 2024; Magnolia Oil & Gas Operating LLC, May 2024 to Jul 20262020202120222023202420252026Changed May 2024Geosouthern Energy CorporationJan 2020 to Apr 2024Magnolia Oil & Gas Operating LLCMay 2024 to now

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 12812 in district 03. The API number is the state’s ID for a well.
Wells on SHARON UNIT
API numberWell no.Status
42-051-304421Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 12812.

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

    Gulfmark Energy, Inc. gathers it.

    100% of it, on the list since Sep 1, 1997

  • Gas from oil wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Oct 1, 2023 · Energy Transfer Company gathers it: 100% of it, on the list since May 1, 2005

Companies that used to be listed: Nominator Not Required / Swr 31 (nominates it, until Oct 1, 2023); Energy Transfer Company (buys it, until Oct 1, 2023).

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

80 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
11 not plugged
Horizontal
0
First completion
Mar 15, 1980
Latest permit
Sep 4, 1979

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 Sharon Unit
API numberWell no.Acreson the permit
42-051-30442180

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.

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Estimator

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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 SHARON 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.

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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 SHARON UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil72000$80.46$2.89
Jun 2026Magnolia Oil00000$84.81$3.15
May 2026Magnolia Oil31000$102.13$2.94
Apr 2026Magnolia Oil00000$100.32$2.77
Mar 2026Magnolia Oil00000$91.38$3.04
Feb 2026Magnolia Oil00000$64.51$3.62
Jan 2026Magnolia Oil00110$60.04$7.72
Dec 2025Magnolia Oil00000$57.97$4.26
Nov 2025Magnolia Oil00330$60.06$3.79
Oct 2025Magnolia Oil00660$60.89$3.19
Sep 2025Magnolia Oil00000$63.96$2.97
Aug 2025Magnolia Oil00000$64.86$2.91
Jul 2025Magnolia Oil11330$68.39$3.20
Jun 2025Magnolia Oil102500$68.17$3.02
May 2025Magnolia Oil00000$62.17$3.12
Apr 2025Magnolia Oil1206000$63.54$3.42
Mar 2025Magnolia Oil812110$68.24$4.12
Feb 2025Magnolia Oil001000$71.53$4.19
Jan 2025Magnolia Oil00000$75.74$4.13
Dec 2024Magnolia Oil130000$70.12$3.01
Nov 2024Magnolia Oil00000$69.95$2.12
Oct 2024Magnolia Oil503000$71.99$2.20
Sep 2024Magnolia Oil201000$70.24$2.28
Aug 2024Magnolia Oil303000$76.68$1.99
Jul 2024Magnolia Oil2208610$81.80$2.07
Jun 2024Magnolia Oil1501600$79.77$2.54
May 2024Magnolia Oil201797000$80.02$2.12
Apr 2024Geosouthern Energy741000$85.35$1.60
Mar 2024Geosouthern Energy401000$81.28$1.49
Feb 2024Geosouthern Energy480000$77.25$1.72
Jan 2024Geosouthern Energy24177000$74.15$3.18
Dec 2023Geosouthern Energy600330$71.90$2.52
Nov 2023Geosouthern Energy471110$77.69$2.71
Oct 2023Geosouthern Energy490110$85.64$2.98
Sep 2023Geosouthern Energy36178000$89.43$2.64
Aug 2023Geosouthern Energy350110$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).

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Around this lease

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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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson 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.

  • CECELIA

    0 bbl last 12 months · 0.6 km away

  • KUBENA, EUGENE

    1,189 bbl last 12 months · 0.8 km away

  • FRANCIS

    403 bbl last 12 months · 1 km away

  • BLONDIE UNIT

    0 bbl last 12 months · 1 km away

  • MUZNY

    2,502 bbl last 12 months · 1.1 km away

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 12812, 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.