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Texas oil lease

Producing

STATE OF TEXAS UNIT #2

State of Texas Unit #2 is an oil lease in Lee County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

384bbl oil, last 12 months+2% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22772

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
5,901 mcf
Oil in Jul 2026
38 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for STATE OF TEXAS UNIT #2, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 384 bbl in the 12 months through Jul 2026, against 377 bbl in the 12 months before.Last 12 months: 384 bblbbl per monthmcf per month00202504050060750801,0001001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for STATE OF TEXAS UNIT #2, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 384 bbl in the 12 months through Jul 2026, against 377 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00202504050060750801,0001001,250Jan 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 STATE OF TEXAS UNIT #2 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 STATE OF TEXAS UNIT #2 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 STATE OF TEXAS UNIT #2
API numberWell no.Status
42-287-301922REActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021–
Energy Transfer Marketing & TermOilGathers50Dec 1, 2022–
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017–
Dcp Intrastate Network, LLCCasinghead gasGathers100Apr 1, 2016–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers100Jan 1, 2019May 1, 2020
Enterprise Crude Oil LLCOilGathers100Nov 30, 2016Jan 1, 2019

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

Who buys my oilOil price check

184.30 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.

  • 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 State of Texas Unit #2
API numberWell no.Acreson the permit
42-287-301922184.30
42-287-301922RE184.30

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 STATE OF TEXAS UNIT #2
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil3806356350$80.46$2.89
Jun 2026Magnolia Oil271676306300$84.81$3.15
May 2026Magnolia Oil4636856850$102.13$2.94
Apr 2026Magnolia Oil3305865860$100.32$2.77
Mar 2026Magnolia Oil3004474470$91.38$3.04
Feb 2026Magnolia Oil4808208200$64.51$3.62
Jan 2026Magnolia Oil116399990$60.04$7.72
Dec 2025Magnolia Oil32081810$57.97$4.26
Nov 2025Magnolia Oil3001501500$60.06$3.79
Oct 2025Magnolia Oil3225825820$60.89$3.19
Sep 2025Magnolia Oil3516516510$63.96$2.97
Aug 2025Magnolia Oil3205355350$64.86$2.91
Jul 2025Magnolia Oil291676136130$68.39$3.20
Jun 2025Magnolia Oil3406086080$68.17$3.02
May 2025Magnolia Oil3906076070$62.17$3.12
Apr 2025Magnolia Oil431796486480$63.54$3.42
Mar 2025Magnolia Oil5101,0561,0560$68.24$4.12
Feb 2025Magnolia Oil3707027020$71.53$4.19
Jan 2025Magnolia Oil01000$75.74$4.13
Dec 2024Magnolia Oil1402272270$70.12$3.01
Nov 2024Magnolia Oil3206176170$69.95$2.12
Oct 2024Magnolia Oil3206296290$71.99$2.20
Sep 2024Magnolia Oil4005805800$70.24$2.28
Aug 2024Magnolia Oil261706846840$76.68$1.99
Jul 2024Magnolia Oil3705875870$81.80$2.07
Jun 2024Magnolia Oil5308258250$79.77$2.54
May 2024Magnolia Oil3205025020$80.02$2.12
Apr 2024Magnolia Oil1001821820$85.35$1.60
Mar 2024Magnolia Oil371725645640$81.28$1.49
Feb 2024Magnolia Oil3204764760$77.25$1.72
Jan 2024Magnolia Oil2905075070$74.15$3.18
Dec 2023Magnolia Oil3505535530$71.90$2.52
Nov 2023Magnolia Oil3704654650$77.69$2.71
Oct 2023Magnolia Oil461768728720$85.64$2.98
Sep 2023Magnolia Oil4506916910$89.43$2.64
Aug 2023Magnolia Oil4706766760$81.39$2.58

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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Austin Chalk-3) field

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