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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 18302

Producing

SLEDGE UNIT

Sledge Unit is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 1,319 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

1,319bbl oil, last 12 months−15% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-18302

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County · RRC district 03Open Lee County →
Gas, last 12 months
580 mcf
Oil in Jul 2026
149 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 15% over the last 12 months

1,319 bbl in the 12 months through Jul 2026, against 1,545 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for SLEDGE UNIT, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 1,319 bbl in the 12 months through Jul 2026, against 1,545 bbl in the 12 months before.Last 12 months: 1,319 bblbbl per monthmcf per month00100200200400300600400800Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for SLEDGE UNIT, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 1,319 bbl in the 12 months through Jul 2026, against 1,545 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100200200400300600400800Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 18302, 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.

All of the gas went to a transmission line in the last 12 months

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of SLEDGE 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 SLEDGE 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, gas disposition by code, lease 18302, 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.

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.

Magnolia Oil & Gas Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating LLCJan 2020 to nowthrough Jul 2026

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 18302 in district 03. The API number is the state’s ID for a well.
Wells on SLEDGE UNIT
API numberWell no.Status
42-287-315431HActive

SourceTexas Railroad Commission Wellbore Query, district 03, lease 18302.

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

    Energy Trans Crude Marketing LLC gathers it.

    100% of it, on the list since Jul 1, 2021

Companies that used to be listed: Dcp Operating Company, LP (gathers it, until Jul 1, 2021); Magnolia Oil & Gas Operating LLC (buys it, until Jul 1, 2021); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 1, 2021).

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

506.23 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
32 not plugged
Horizontal
2
First completion
Oct 13, 1984
Latest permit
Jul 17, 1995

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.

The wells on this lease state different acreage

The permits state between 160 and 506.23 acres. Use the acres from your own division order for the well you are paid on.

Wells and acres on the permits for Sledge Unit
API numberWell no.Acreson the permit
42-287-315431506.23
42-287-315431H506.23
42-287-316812160

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

Estimate your royalty for this lease

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 SLEDGE 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 SLEDGE UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil14902262260$80.46$2.89
Jun 2026Magnolia Oil9018245450$84.81$3.15
May 2026Magnolia Oil87018180$102.13$2.94
Apr 2026Magnolia Oil11315034340$100.32$2.77
Mar 2026Magnolia Oil8415225250$91.38$3.04
Feb 2026Magnolia Oil100068680$64.51$3.62
Jan 2026Magnolia Oil12015872720$60.04$7.72
Dec 2025Magnolia Oil11818158580$57.97$4.26
Nov 2025Magnolia Oil112219190$60.06$3.79
Oct 2025Magnolia Oil107187550$60.89$3.19
Sep 2025Magnolia Oil139180880$63.96$2.97
Aug 2025Magnolia Oil1000220$64.86$2.91
Jul 2025Magnolia Oil116181990$68.39$3.20
Jun 2025Magnolia Oil12116623230$68.17$3.02
May 2025Magnolia Oil14618517170$62.17$3.12
Apr 2025Magnolia Oil1230000$63.54$3.42
Mar 2025Magnolia Oil264368000$68.24$4.12
Feb 2025Magnolia Oil149013130$71.53$4.19
Jan 2025Magnolia Oil00000$75.74$4.13
Dec 2024Magnolia Oil130550$70.12$3.01
Nov 2024Magnolia Oil5118483830$69.95$2.12
Oct 2024Magnolia Oil1621725345340$71.99$2.20
Sep 2024Magnolia Oil1701744744740$70.24$2.28
Aug 2024Magnolia Oil2301902632630$76.68$1.99
Jul 2024Magnolia Oil102044440$81.80$2.07
Jun 2024Magnolia Oil21435543430$79.77$2.54
May 2024Magnolia Oil18718336360$80.02$2.12
Apr 2024Magnolia Oil27013130$85.35$1.60
Mar 2024Magnolia Oil14618029290$81.28$1.49
Feb 2024Magnolia Oil27014140$77.25$1.72
Jan 2024Magnolia Oil6802572570$74.15$3.18
Dec 2023Magnolia Oil1581725865860$71.90$2.52
Nov 2023Magnolia Oil8801181180$77.69$2.71
Oct 2023Magnolia Oil9617857570$85.64$2.98
Sep 2023Magnolia Oil53067670$89.43$2.64
Aug 2023Magnolia Oil1381882152150$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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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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Giddings (Austin Chalk-3) field

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Found by the location of their wells.

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 18302, 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.