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Texas oil lease

Producing

STECK UNIT NO. 1

Steck Unit No. 1 is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

2 wells

6,037bbl oil, last 12 months−15% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22811

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
40,194 mcf
Oil in Jul 2026
848 bbl

Production by month

Oil output fell 15% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for STECK UNIT NO. 1, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 6,037 bbl in the 12 months through Jul 2026, against 7,092 bbl in the 12 months before.Last 12 months: 6,037 bblbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 15% over the last 12 monthsMonthly oil production and gas for STECK UNIT NO. 1, Aug 2023 to Jul 2026. Oil output fell 15% over the last 12 months. 6,037 bbl in the 12 months through Jul 2026, against 7,092 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,0001,0005,000Jan 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

  • Transmission line (2)
  • Lease fuel (1)
All of the gas went to a transmission line in the last 12 monthsShare of STECK UNIT NO. 1 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 STECK UNIT NO. 1 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.

2 wells on this lease

Wells on STECK UNIT NO. 1
API numberWell no.Status
42-051-311961Active
42-051-334703HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Transfer Marketing & TermOilGathers100Dec 1, 2022–
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018–
Energy Transfer CompanyCasinghead gasGathers100Jul 1, 2016–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Dec 1, 2022

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

Who buys my oilOil price check

253.40 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.

  • Good to know

    The wells on this lease state different acreage

    The permits state between 40 and 253.4 acres. Use the acres from your own division order for the well you are paid on.

Check your decimal on this lease
Permits for Steck Unit No. 1
API numberWell no.Acreson the permit
42-051-334703H253.40
42-051-311961160
42-051-31105240

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 STECK UNIT NO. 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20268487342,8592,8590$80.46$2.89
Jun 20264145472,3492,3490$84.81$3.15
May 20266175343,7383,7380$102.13$2.94
Apr 20265283583,5553,5550$100.32$2.77
Mar 20265215563,7653,7650$91.38$3.04
Feb 20264245293,3743,3740$64.51$3.62
Jan 20264855613,8093,8090$60.04$7.72
Dec 20255935393,5753,5750$57.97$4.26
Nov 20254583613,3083,3080$60.06$3.79
Oct 20254173553,4853,4850$60.89$3.19
Sep 20253845163,2353,2350$63.96$2.97
Aug 20253481793,1423,1420$64.86$2.91
Jul 20253937093,4523,4520$68.39$3.20
Jun 20254723583,5703,5700$68.17$3.02
May 20255395193,7023,7020$62.17$3.12
Apr 20254675413,8343,6900$63.54$3.42
Mar 20256565562,8072,5900$68.24$4.12
Feb 20255455533,7113,5440$71.53$4.19
Jan 20257317344,2144,0040$75.74$4.13
Dec 20244685503,9813,8200$70.12$3.01
Nov 20246507244,1993,9920$69.95$2.12
Oct 20246895464,4414,2240$71.99$2.20
Sep 20247017024,6594,4490$70.24$2.28
Aug 20247819144,3974,3970$76.68$1.99
Jul 20242781793,3463,3460$81.80$2.07
Jun 20245215443,8543,8540$79.77$2.54
May 20245963713,9473,9470$80.02$2.12
Apr 20244415833,7963,7960$85.35$1.60
Mar 20245595404,3214,3210$81.28$1.49
Feb 20245176633,9563,9560$77.25$1.72
Jan 20245663863,9933,9930$74.15$3.18
Dec 20236409064,1744,1740$71.90$2.52
Nov 20237765414,3574,3570$77.69$2.71
Oct 20236898984,4424,4420$85.64$2.98
Sep 20236455364,3154,3150$89.43$2.64
Aug 20237097184,6604,6600$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)CountyBurleson County

Magnolia Oil & Gas Operating LLC in Burleson County

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