Texas oil lease
ProducingSHAW UNIT
Shaw Unit is an oil lease in Milam County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.
1 well
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Milam County
- RRC lease
- 03-23418
Is your check right?
Where it sits
This county
- Gas, last 12 months
- 1,934 mcf
- Oil in Jul 2026
- 4 bbl
Production by month
Oil output rose 36% over the last 12 months
- Oil (bars)
- Gas (line)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Where the gas went
All of the gas went to lease fuel in the last 12 months
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
Who has run this lease
The operator changed 2 times, most recently in Dec 2023
- Magnolia Oil & Gas Operating LLC Dec 2023 to now
- LRR Pecos Valley, LLC Dec 2021 to Nov 2023
- Treadstone Energy Prtnr Op, LLC Jan 2020 to Nov 2021
SourceTexas Railroad Commission Production Data Query, through Jul 2026.
1 well on this lease
| API number | Well no. | Status |
|---|---|---|
| 42-331-33487 | 1 | Active |
SourceTexas Railroad Commission Wellbore Query.
Buyers and gatherers
| Company | Product | Role | Share% | From | Until |
|---|---|---|---|---|---|
| Energy Trans Crude Marketing LLC | Oil | Gathers | 75 | Jul 1, 2021 | – |
| 4J Energy, LLC | Oil | Gathers | 25 | Jul 1, 2021 | – |
| Energy Transfer Company | Casinghead gas | Buys | 100 | Nov 1, 2016 | – |
| Energy Transfer Company | Casinghead gas | Gathers | 100 | Jul 7, 2016 | – |
| Buckhead Midstream, LLC | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Shell Trading (Us) Company | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Sunoco Ptnrs. Mktg.&terminals LP | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Texican Crude&hydrocarbons, LLC | Oil | Gathers | 25 | Jul 1, 2020 | Jul 1, 2021 |
| Buckhead Midstream, LLC | Oil | Gathers | 20 | Jun 1, 2020 | Jul 1, 2020 |
| Shell Trading (Us) Company | Oil | Gathers | 70 | Jun 1, 2020 | Jul 1, 2020 |
SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.
Estimate your royalty
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | Gas producedmcf | Gas soldmcf, codes 2+3 | Flaredmcf | WTI$/bbl | Henry Hub$/MMBtu |
|---|---|---|---|---|---|---|---|
| Jul 2026Magnolia Oil | 4 | 0 | 16 | 0 | 0 | $80.46 | $2.89 |
| Jun 2026Magnolia Oil | 2 | 0 | 16 | 0 | 0 | $84.81 | $3.15 |
| May 2026Magnolia Oil | 46 | 0 | 248 | 0 | 0 | $102.13 | $2.94 |
| Apr 2026Magnolia Oil | 38 | 173 | 240 | 0 | 0 | $100.32 | $2.77 |
| Mar 2026Magnolia Oil | 51 | 1 | 228 | 0 | 0 | $91.38 | $3.04 |
| Feb 2026Magnolia Oil | 19 | 0 | 37 | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Magnolia Oil | 48 | 0 | 248 | 0 | 0 | $60.04 | $7.72 |
| Dec 2025Magnolia Oil | 44 | 0 | 245 | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Magnolia Oil | 42 | 174 | 240 | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Magnolia Oil | 64 | 0 | 248 | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Magnolia Oil | 155 | 179 | 168 | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Magnolia Oil | 1 | 1 | 0 | 0 | 0 | $64.86 | $2.91 |
| Jul 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $68.39 | $3.20 |
| Jun 2025Magnolia Oil | 0 | 0 | 0 | 0 | 0 | $68.17 | $3.02 |
| May 2025Magnolia Oil | 2 | 0 | 8 | 0 | 0 | $62.17 | $3.12 |
| Apr 2025Magnolia Oil | 42 | 0 | 240 | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Magnolia Oil | 42 | 0 | 184 | 0 | 0 | $68.24 | $4.12 |
| Feb 2025Magnolia Oil | 39 | 165 | 224 | 0 | 0 | $71.53 | $4.19 |
| Jan 2025Magnolia Oil | 46 | 0 | 216 | 0 | 0 | $75.74 | $4.13 |
| Dec 2024Magnolia Oil | 42 | 0 | 248 | 0 | 0 | $70.12 | $3.01 |
| Nov 2024Magnolia Oil | 43 | 0 | 240 | 0 | 0 | $69.95 | $2.12 |
| Oct 2024Magnolia Oil | 38 | 172 | 248 | 0 | 0 | $71.99 | $2.20 |
| Sep 2024Magnolia Oil | 41 | 0 | 240 | 0 | 0 | $70.24 | $2.28 |
| Aug 2024Magnolia Oil | 43 | 0 | 248 | 0 | 0 | $76.68 | $1.99 |
| Jul 2024Magnolia Oil | 40 | 171 | 248 | 0 | 0 | $81.80 | $2.07 |
| Jun 2024Magnolia Oil | 41 | 0 | 240 | 0 | 0 | $79.77 | $2.54 |
| May 2024Magnolia Oil | 40 | 0 | 240 | 0 | 0 | $80.02 | $2.12 |
| Apr 2024Magnolia Oil | 45 | 0 | 240 | 0 | 0 | $85.35 | $1.60 |
| Mar 2024Magnolia Oil | 47 | 0 | 248 | 0 | 0 | $81.28 | $1.49 |
| Feb 2024Magnolia Oil | 16 | 167 | 232 | 0 | 0 | $77.25 | $1.72 |
| Jan 2024Magnolia Oil | 45 | 0 | 232 | 0 | 0 | $74.15 | $3.18 |
| Dec 2023Magnolia Oil | 40 | 0 | 248 | 0 | 0 | $71.90 | $2.52 |
| Nov 2023LRR Pecos | 43 | 0 | 240 | 0 | 0 | $77.69 | $2.71 |
| Oct 2023LRR Pecos | 42 | 172 | 248 | 0 | 0 | $85.64 | $2.98 |
| Sep 2023LRR Pecos | 47 | 0 | 240 | 0 | 0 | $89.43 | $2.64 |
| Aug 2023LRR Pecos | 49 | 0 | 248 | 0 | 0 | $81.39 | $2.58 |
SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.
How to check your stub against this leaseDo your checks match this lease?
Nearby
This lease belongs to
Magnolia Oil & Gas Operating LLC in Milam County
- COX TRUST UNIT
1,221 bbl
- WOLF DEN UNIT
1,186 bbl
- FRAZIER-GALL UNIT
1,098 bbl
- SLAY UNIT
996 bbl
- WOLF "A" UNIT
903 bbl
- SHIMEK-HOPPE UNIT
783 bbl
- YOUNG-WILSON UNIT
743 bbl
- BERETTA UNIT
611 bbl
- KYLE
355 bbl
- MOORE UNIT
1,464 mcf
Giddings (Austin Chalk-3) field
- MIKEL
14,104 mcf
- PERSIMMON CREEK C
604 bbl
- WALTON OL
14,065 mcf
- GANTT, T.K.
566 bbl
- GOODRICH, LEVI
441 bbl
- VESTA
218 bbl
- VENEMA-CLEAR LAKE PINES UNIT
559 bbl
- MACHALA-DOPSLAUF UNIT
473 bbl
- KASPER-GIESE UNIT
378 bbl
- T-REX
552 bbl
Leases within 10 km
- ANDREWS UNIT
1,681 bbl · 1.8 km
- BAILEY-HANN UNIT
0 bbl · 1.9 km
- CITORI UNIT
2,569 bbl · 1.9 km
- HALEY
8,060 bbl · 1.9 km
- LAUREN
24,468 bbl · 2.4 km
- EMERIE
33,834 bbl · 2.4 km
- FRAZIER-GALL UNIT
1,098 bbl · 3 km
- STEWART UNIT
1,830 bbl · 3.1 km
- BURTON-WELLS UNIT
1 bbl · 3.1 km
- CUNNINGHAM UNIT
0 bbl · 3.1 km
Drilling permits within 10 km
GREAT EAGLE A #1HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 7.7 km
Permit 0917958 · Aug 27, 2026
GREAT EAGLE B #2HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 7.7 km
Permit 0917795 · Aug 14, 2026
FLOWERS-REISTINO UNIT A #2HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 9.2 km
Permit 0916202 · Jun 15, 2026
FLOWERS-REISTINO UNIT B #5HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 9.2 km
Permit 0916226 · Jun 15, 2026
DEPOT #1
new drill · Magnetar Operating LLC · Robertson County · 9.3 km
Permit 0911994 · Dec 9, 2025