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Texas gas well

Producing

SHEPARD UNIT

Shepard Unit is a gas well in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

642mcf gas, last 12 months−90% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-145246

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas in Jul 2026
0 mcf
Reporting since
Jan 2020

Production by month

Gas output fell 90% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 90% over the last 12 monthsMonthly gas production and oil for SHEPARD UNIT, Aug 2023 to Jul 2026. Gas output fell 90% over the last 12 months. 642 mcf in the 12 months through Jul 2026, against 6,118 mcf in the 12 months before.Last 12 months: 642 mcfmcf per monthbbl per month00200340056008800101,00013Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 90% over the last 12 monthsMonthly gas production and oil for SHEPARD UNIT, Aug 2023 to Jul 2026. Gas output fell 90% over the last 12 months. 642 mcf in the 12 months through Jul 2026, against 6,118 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month00200340056008800101,00013Jan 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 SHEPARD 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 SHEPARD 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.

Who has run this lease

The operator changed once, most recently in Sep 2021

Operators of this lease over timeWCS Oil & Gas Corporation, Jan 2020 to Aug 2021; Magnolia Oil & Gas Operating LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021WCS Oil & Gas CorporationJan 2020 to Aug 2021Magnolia Oil & Gas Operating…Sep 2021 to now
Operators of this lease over timeWCS Oil & Gas Corporation, Jan 2020 to Aug 2021; Magnolia Oil & Gas Operating LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021WCS Oil & Gas CorporationJan 2020 to Aug 2021Magnolia Oil & Gas Operating LLCSep 2021 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on SHEPARD UNIT
API numberWell no.Status
42-287-318621Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyCondensateGathers34Oct 1, 2025–
Energy Trans Crude Marketing LLCCondensateGathers33Oct 1, 2025–
Enterprise Crude Oil LLCCondensateGathers33Oct 1, 2025–
Energy Transfer CompanyGas-well gasBuys100May 1, 2005–
Energy Transfer CompanyGas-well gasGathers100May 1, 2005–
Energy Trans Crude Marketing LLCCondensateGathers50Jul 1, 2021Oct 1, 2025
Energy Transfer Marketing & TermCondensateGathers50Dec 1, 2022Oct 1, 2025
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers50Jul 1, 2021Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPCondensateGathers100May 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyCondensateGathers100Jan 1, 2019May 1, 2020
Enterprise Crude Oil LLCCondensateGathers100Nov 30, 2016Jan 1, 2019

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

Who buys my oilOil price check

99 acres on the newest permit

Permits for Shepard Unit
API numberWell no.Acreson the permit
42-287-31862199

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 SHEPARD UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil00000$80.46$2.89
Jun 2026Magnolia Oil0027270$84.81$3.15
May 2026Magnolia Oil00000$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 Oil002862860$60.04$7.72
Dec 2025Magnolia Oil0099990$57.97$4.26
Nov 2025Magnolia Oil00000$60.06$3.79
Oct 2025Magnolia Oil00000$60.89$3.19
Sep 2025Magnolia Oil001581580$63.96$2.97
Aug 2025Magnolia Oil0072720$64.86$2.91
Jul 2025Magnolia Oil503483480$68.39$3.20
Jun 2025Magnolia Oil705105100$68.17$3.02
May 2025Magnolia Oil1006206200$62.17$3.12
Apr 2025Magnolia Oil204164160$63.54$3.42
Mar 2025Magnolia Oil403333330$68.24$4.12
Feb 2025Magnolia Oil804994990$71.53$4.19
Jan 2025Magnolia Oil905205200$75.74$4.13
Dec 2024Magnolia Oil1005325320$70.12$3.01
Nov 2024Magnolia Oil905275270$69.95$2.12
Oct 2024Magnolia Oil906166160$71.99$2.20
Sep 2024Magnolia Oil605705700$70.24$2.28
Aug 2024Magnolia Oil1006276270$76.68$1.99
Jul 2024Magnolia Oil91935975970$81.80$2.07
Jun 2024Magnolia Oil905745740$79.77$2.54
May 2024Magnolia Oil1005995990$80.02$2.12
Apr 2024Magnolia Oil1005825820$85.35$1.60
Mar 2024Magnolia Oil1105725720$81.28$1.49
Feb 2024Magnolia Oil1005825820$77.25$1.72
Jan 2024Magnolia Oil1206056050$74.15$3.18
Dec 2023Magnolia Oil1005465460$71.90$2.52
Nov 2023Magnolia Oil805475470$77.69$2.71
Oct 2023Magnolia Oil705465460$85.64$2.98
Sep 2023Magnolia Oil804834830$89.43$2.64
Aug 2023Magnolia Oil805075070$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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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