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Texas oil lease

Producing

SPACE COWBOYS

Space Cowboys is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

15,052bbl oil, last 12 months−31% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28025

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
41,524 mcf
Oil in Jul 2026
1,305 bbl

Production by month

Oil output fell 31% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for SPACE COWBOYS, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 15,052 bbl in the 12 months through Jul 2026, against 21,945 bbl in the 12 months before.Last 12 months: 15,052 bblbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 31% over the last 12 monthsMonthly oil production and gas for SPACE COWBOYS, Aug 2023 to Jul 2026. Oil output fell 31% over the last 12 months. 15,052 bbl in the 12 months through Jul 2026, against 21,945 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002,0002,5004,0005,0006,0007,5008,00010k10k12.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

Flaring peaked at 43.8% of the gas in Feb 2024.

  • Transmission line (2)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of SPACE COWBOYS gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 43.8% of the gas in Feb 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 43.8%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of SPACE COWBOYS gas by disposition code each month, Aug 2023 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months. Flaring peaked at 43.8% of the gas in Feb 2024.Share of gas by disposition code0%50%100%Flared 43.8%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 40,930 mcf

  • Flared (4)

    1.4% · 594 mcf

1.4% of the gas flared in the last 12 months. 22 months above 3%.

Who has run this lease

The operator changed once, most recently in Dec 2023

Operators of this lease over timeLRR Pecos Valley, LLC, Apr 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCApr 2023 to Nov 2023Magnolia Oil & Gas Operating…Dec 2023 to now
Operators of this lease over timeLRR Pecos Valley, LLC, Apr 2023 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 2026202420252026Changed Dec 2023LRR Pecos Valley, LLCApr 2023 to Nov 2023Magnolia Oil & Gas Operating LLCDec 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on SPACE COWBOYS
API numberWell no.Status
42-051-343741HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers75Oct 12, 2022
4J Energy, LLCOilGathers25Oct 12, 2022
Energy Transfer CompanyCasinghead gasBuys100Oct 12, 2022
Energy Transfer CompanyCasinghead gasGathers100Oct 12, 2022

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

Who buys my oilOil price check

1,083.10 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Space Cowboys
API numberWell no.Acreson the permit
42-051-343741HA1,083.10

SourceRailroad Commission drilling permits, Oct 3, 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 SPACE COWBOYS
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil1,3051,2493,8113,76348$80.46$2.89
Jun 2026Magnolia Oil6176261,8891,86326$84.81$3.15
May 2026Magnolia Oil1,2291,2523,7563,605151$102.13$2.94
Apr 2026Magnolia Oil1,3461,2393,9003,713187$100.32$2.77
Mar 2026Magnolia Oil1,2921,2503,5103,5100$91.38$3.04
Feb 2026Magnolia Oil1,2581,4223,2353,2296$64.51$3.62
Jan 2026Magnolia Oil1,3821,5993,5103,49614$60.04$7.72
Dec 2025Magnolia Oil1,1388863,1693,12940$57.97$4.26
Nov 2025Magnolia Oil1,1791,0612,9692,9690$60.06$3.79
Oct 2025Magnolia Oil1,3651,5573,7943,76331$60.89$3.19
Sep 2025Magnolia Oil1,4271,2303,8013,76536$63.96$2.97
Aug 2025Magnolia Oil1,5141,5974,1804,12555$64.86$2.91
Jul 2025Magnolia Oil1,5991,6014,2554,2523$68.39$3.20
Jun 2025Magnolia Oil1,3241,4354,1094,03376$68.17$3.02
May 2025Magnolia Oil1,7231,5994,2314,16566$62.17$3.12
Apr 2025Magnolia Oil1,7591,7994,3924,272120$63.54$3.42
Mar 2025Magnolia Oil1,8831,9104,6954,447248$68.24$4.12
Feb 2025Magnolia Oil8316912,6761,827849$71.53$4.19
Jan 2025Magnolia Oil2,1532,2895,2554,511744$75.74$4.13
Dec 2024Magnolia Oil1,6951,7704,2753,537738$70.12$3.01
Nov 2024Magnolia Oil1,9531,9255,1844,0061,178$69.95$2.12
Oct 2024Magnolia Oil2,2712,2196,0124,7001,312$71.99$2.20
Sep 2024Magnolia Oil2,3082,3056,0794,9601,119$70.24$2.28
Aug 2024Magnolia Oil2,4462,4586,2015,295906$76.68$1.99
Jul 2024Magnolia Oil2,5562,6306,6495,1391,510$81.80$2.07
Jun 2024Magnolia Oil2,6632,6286,3454,8591,486$79.77$2.54
May 2024Magnolia Oil2,9652,9666,9355,9211,014$80.02$2.12
Apr 2024Magnolia Oil3,1123,0067,1895,8061,383$85.35$1.60
Mar 2024Magnolia Oil3,6803,7407,8296,1931,636$81.28$1.49
Feb 2024Magnolia Oil2,3772,3065,8723,2982,574$77.25$1.72
Jan 2024Magnolia Oil3,7563,7297,5335,7991,734$74.15$3.18
Dec 2023Magnolia Oil4,1254,2818,3056,7941,511$71.90$2.52
Nov 2023LRR Pecos4,3684,3378,1377,258879$77.69$2.71
Oct 2023LRR Pecos5,1145,1929,4547,5931,861$85.64$2.98
Sep 2023LRR Pecos5,7585,71110,0067,3612,645$89.43$2.64
Aug 2023LRR Pecos7,2897,27810,9739,1671,806$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Burleson County

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