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Royalty Clerk

Texas oil lease

Stopped

SMITH ESTATE UNIT

Smith Estate Unit is an oil lease in Milam County, Texas, in the Giddings (Austin Chalk-3) field. It stopped producing after December 2024: nothing has been reported for 1 year 8 months since. Magnolia Oil & Gas Operating LLC was its last operator.

This lease has stopped

Dec 2024last month with oil or gas

Nothing reported for 1 year 8 months since, through Aug 2026.

Last operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22929

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Silent for
1 year 8 months
First report
Dec 1995
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Stopped producing after December 2024

Smith Estate Unit, 1995–2026

Its whole life in the Railroad Commission’s monthly reports, which start in January 1993; it first reported in December 1995. Royalty owners and their heirs can still be on the county roll after the checks stop.

What its oil and gas sold for each year since December 1995$ a year, at each month's pricessilent
Smith Estate Unit: what its oil and gas sold for each year, 1995 to 2026Smith Estate Unit: what its oil and gas sold for each year, 1995 to 2026. The best year was 1996, with $1.2 million sold. It stopped producing after December 2024; nothing since, through August 2026.Best year 1996 · $1.3MLast production Dec 2024199519992003200720112015201920232026
Smith Estate Unit: what its oil and gas sold for each year, 1995 to 2026Smith Estate Unit: what its oil and gas sold for each year, 1995 to 2026. The best year was 1996, with $1.2 million sold. It stopped producing after December 2024; nothing since, through August 2026.Best year 1996 · $1.3MLast production Dec 202419952003201120192026
  1. First reportDec 1995
  2. Best year1996$1.2 million sold
  3. Last operatorMagnolia Oil & Gas Operating LLCfrom Dec 2023
  4. Last productionDec 2024
  5. Silent for1 year 8 monthsthrough Aug 2026
Oil sold since December 1995
155,120barrels
Gas sold since December 1995
80,632thousand cubic feet (mcf)
Sold for, in all
$4.8 millionat each month's public prices, 100% of the lease

Source: Texas Railroad Commission production reports since January 1993 (oil and gas sold); EIA prices, through August 2026.

Every year as a table
Smith Estate Unit: oil and gas sold each year
YearMonthsOil sold, bblGas sold, mcfSold for
2026 *800$0
20251200$0
202412530$3,716
202312320$2,301
20221200$0
2021121920$11,462
2020121,7960$74,815
2019124,08163$230,378
2018129810$64,551
2017121,083150$57,214
2016121,4591,146$64,610
2015129351,362$49,473
2014121,1161,608$108,732
2013121,2721,735$131,007
2012121,4521,462$141,802
2011121,4671,905$147,644
2010121,4631,940$125,042
2009121,2682,064$84,044
2008121,2632,352$140,910
2007121,8592,939$153,962
2006121,6883,070$132,004
2005122,1392,744$148,973
2004122,5723,342$127,713
2003122,8043,351$105,530
2002123,0363,461$90,618
2001124,5404,207$135,648
2000126,6785,287$219,917
19991211,9889,784$236,540
19981217,81223,781$304,444
19971218,6112,662$396,708
19961260,417217$1,290,224
199511,0630$20,229

* Part of the year: the records run through August 2026.

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Wells on this lease and around it

Where the state's map puts this lease's well, and what has been drilled or permitted within about 2 miles of it.
Map of the Smith Estate Unit lease in Milam County, Texas: its well ringed, among 18 wells and 0 recent drilling locations in a picture about 6 miles across.
  • This lease1Its well, ringed on the map: not producing
  • Drilling locations0Permits issued in the last two years
  • Producing wells16On a lease reporting production now
  • Not producing2Shut in, inactive or no lease on record
  • Plugged0The state's wellbore record says plugged

The ringed dot is this lease's well, where the Railroad Commission's map puts it. The other dots are wells and drilling permits of the last 24 months on the land around it; the counts are for everything in the picture, which is about 6 miles across. The thin brown lines are the original land surveys; where there is room, a survey carries its abstract number, the number deeds and division orders cite. Sources: Railroad Commission of Texas well layers, drilling permit files and survey lines, US Census Bureau county outlines.

See the whole Texas well map

A one-page map of this lease to print, for a lawyer, a buyer or a probate file.

Use this map on your site

You may show this map on any site, unchanged. Keep the credit line and its link to Royalty Clerk under the map. The picture updates by itself as the state records new wells and permits.

Download the picture (WebP)
<a href="https://royaltyclerk.com/texas/leases/smith-estate-unit-03-22929"><img src="https://royaltyclerk.com/maps/lease-wells/smith-estate-unit-03-22929.svg" alt="Map of the Smith Estate Unit lease in Milam County, Texas: its well ringed, among 18 wells and 0 recent drilling locations in a picture about 6 miles across." width="1000" height="951" loading="lazy" style="max-width:100%;height:auto;border:0"></a>
<p style="margin:4px 0 0;font-size:14px">Map: <a href="https://royaltyclerk.com/texas/leases/smith-estate-unit-03-22929">Wells on the Smith Estate Unit lease, Milam County, Texas</a> by Royalty Clerk, from Railroad Commission of Texas records</p>

Production by month

No production to chart

The state shows zero oil and zero gas for all 36 months we hold (Sep 2023 to Aug 2026). A lease that is shut in or newly reported looks like this. The ledger below lists each month. Its whole life is charted at the top of the page.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 2 times, most recently in Dec 2023

Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Aug 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeTreadstone Energy Prtnr Op, LLC, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Aug 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 to Nov 2021LRR Pecos Valley, LLCDec 2021 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Aug 2026.

1 well on this lease

Wells on SMITH ESTATE UNIT
API numberWellStatusCompleted
42-331-33457Smith Estate Unit 1Shut inJan 4, 1996

SourceTexas Railroad Commission production records and full wellbore file.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2016–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

680 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

    Your tract may share its production with neighbors in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Check your decimal on this lease
Permits for Smith Estate Unit
API numberWell no.Acreson the permit
42-331-334571680

SourceRailroad Commission drilling permits, Oct 31, 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 SMITH ESTATE UNIT
MonthOil producedbblOil soldbblWTI$/bblHenry Hub$/MMBtu
Aug 2026Magnolia Oil00$83.90$2.78
Jul 2026Magnolia Oil00$80.46$2.89
Jun 2026Magnolia Oil00$84.81$3.15
May 2026Magnolia Oil00$102.13$2.94
Apr 2026Magnolia Oil00$100.32$2.77
Mar 2026Magnolia Oil00$91.38$3.04
Feb 2026Magnolia Oil00$64.51$3.62
Jan 2026Magnolia Oil00$60.04$7.72
Dec 2025Magnolia Oil00$57.97$4.26
Nov 2025Magnolia Oil00$60.06$3.79
Oct 2025Magnolia Oil00$60.89$3.19
Sep 2025Magnolia Oil00$63.96$2.97
Aug 2025Magnolia Oil00$64.86$2.91
Jul 2025Magnolia Oil00$68.39$3.20
Jun 2025Magnolia Oil00$68.17$3.02
May 2025Magnolia Oil00$62.17$3.12
Apr 2025Magnolia Oil00$63.54$3.42
Mar 2025Magnolia Oil00$68.24$4.12
Feb 2025Magnolia Oil00$71.53$4.19
Jan 2025Magnolia Oil00$75.74$4.13
Dec 2024Magnolia Oil053$70.12$3.01
Nov 2024Magnolia Oil00$69.95$2.12
Oct 2024Magnolia Oil00$71.99$2.20
Sep 2024Magnolia Oil00$70.24$2.28
Aug 2024Magnolia Oil00$76.68$1.99
Jul 2024Magnolia Oil00$81.80$2.07
Jun 2024Magnolia Oil00$79.77$2.54
May 2024Magnolia Oil00$80.02$2.12
Apr 2024Magnolia Oil00$85.35$1.60
Mar 2024Magnolia Oil00$81.28$1.49
Feb 2024Magnolia Oil00$77.25$1.72
Jan 2024Magnolia Oil00$74.15$3.18
Dec 2023Magnolia Oil032$71.90$2.52
Nov 2023LRR Pecos00$77.69$2.71
Oct 2023LRR Pecos00$85.64$2.98
Sep 2023LRR Pecos00$89.43$2.64

SourceTexas Railroad Commission Production Data Query, through Aug 2026. Prices: EIA, through Oct 2026. Updated Oct 30, 2026.

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Nearby

This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Austin Chalk-3) field

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