Texas oil lease · RRC district 03 · Lease 18766
ProducingSTEELE
Steele is an oil lease in Brazos County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Kurten (Buda) field. The Railroad Commission shows 153 bbl of oil in the 12 months through Jul 2026.
Oil lease dossier · 1 well
- Operator
- Magnolia Oil & Gas Operating LLC
- County
- Brazos County
- Field
- Kurten (Buda)
- RRC lease
- 03-18766
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Where it sits
This county
- Oil in Jul 2026
- 15 bbl
- Reporting to the state
- since Jan 2020
- Wells
- 1
- Data through
- Jul 2026
Production
Month by month, from the state record
Oil output fell 14% over the last 12 months
153 bbl in the 12 months through Jul 2026, against 178 bbl in the 12 months before.
- Oil (bars, left axis)
- Last 12 months
SourceTexas Railroad Commission Production Data Query, oil lease 18766, district 03. Reported through Jul 2026. The state revises recent months.
Gas disposition
Where the gas went
No gas disposition reported for this lease
Operator history
Who has run this lease
The operator changed once, most recently in Aug 2025
If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.
- Magnolia Oil & Gas Operating LLC Aug 2025 to now
- Ginger Petroleum Company, Inc. Jan 2020 to Jul 2025
SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.
Wells
1 well on this lease
| API number | Well no. | Status | Total depthft |
|---|---|---|---|
| 42-041-31279 | 1 | Active | – |
SourceTexas Railroad Commission Wellbore Query, district 03, lease 18766.
Who buys and gathers
Who moves and buys this lease's production
Oil
Energy Transfer Marketing & Term and Shell Trading (Us) Company gather it.
Energy Transfer Marketing & Term gathers it: 50% of it, on the list since Aug 1, 2025 · Shell Trading (Us) Company gathers it: 50% of it, on the list since Aug 1, 2025
Companies that used to be listed: Energy Transfer Marketing & Term (gathers it, until Aug 1, 2025); Lessley Services LLC (gathers it, until Aug 1, 2025); Shell Trading (Us) Company (gathers it, until Aug 1, 2025); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022); Lessley Services LLC (gathers it, until Sep 1, 2021); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Sep 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.
Unit and wells
38.44 acres on the newest permit
- Wells on the permits
- 11 not plugged
- Horizontal
- 0
- First completion
- Jun 17, 1985
- Latest permit
- Sep 17, 1990
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.
| API number | Well no. | Permit issued | Completed | Acreson the permit |
|---|---|---|---|---|
| 42-041-31279 | 1 | Sep 17, 1990 | Jun 17, 1985 | 38.44 |
What the operator reported
What Magnolia Oil & Gas Corporation told investors it received
| Quarter | Oil$ per bbl | Gas$ per mcf | Gas liquids$ per bbl | Filing |
|---|---|---|---|---|
| Q2 2026 | $98.13 | $2.18 | $23.25 | SEC filing |
| Q1 2026 | $70.29 | $2.98 | $18.48 | SEC filing |
| Q3 2025 | $63.55 | $2.46 | $18.98 | SEC filing |
| Q2 2025 | $62.20 | $2.55 | $19.94 | SEC filing |
| Q1 2025 | $69.81 | $3.11 | $22.03 | SEC filing |
| Q3 2024 | $74.23 | $1.52 | $19.46 | SEC filing |
SourceMagnolia Oil & Gas Corporation quarterly reports on SEC EDGAR, prices before hedging where the company states both. Read by machine from each filing’s tables; the link opens the filing so you can check the figure.
Estimator
Estimate your royalty for this lease
Estimator
What could your check be?
Your decimal interest is the small number on your division order that says what share of the whole lease (8/8ths) is yours. Type it in and we apply it to what the state says STEELE sold each month.
For example 0.00097656, or a fraction like 1/1024.
Dollars per barrel. Your statements show the gap your operator uses. Leave 0 to price oil at WTI.
Your estimate appears here
An estimate, not your check
Ledger
36 months, newest first
| Month | Oil producedbbl | Oil soldbbl | WTI$ per bbl | Henry Hub$ per MMBtu |
|---|---|---|---|---|
| Jul 2026Magnolia Oil | 15 | 0 | $80.46 | $2.89 |
| Jun 2026Magnolia Oil | 13 | 0 | $84.81 | $3.15 |
| May 2026Magnolia Oil | 13 | 0 | $102.13 | $2.94 |
| Apr 2026Magnolia Oil | 17 | 0 | $100.32 | $2.77 |
| Mar 2026Magnolia Oil | 43 | 0 | $91.38 | $3.04 |
| Feb 2026Magnolia Oil | 0 | 0 | $64.51 | $3.62 |
| Jan 2026Magnolia Oil | 52 | 0 | $60.04 | $7.72 |
| Dec 2025Magnolia Oil | 0 | 0 | $57.97 | $4.26 |
| Nov 2025Magnolia Oil | 0 | 0 | $60.06 | $3.79 |
| Oct 2025Magnolia Oil | 0 | 0 | $60.89 | $3.19 |
| Sep 2025Magnolia Oil | 0 | 0 | $63.96 | $2.97 |
| Aug 2025Magnolia Oil | 0 | 68 | $64.86 | $2.91 |
| Jul 2025Ginger Petroleum | 14 | 170 | $68.39 | $3.20 |
| Jun 2025Ginger Petroleum | 36 | 0 | $68.17 | $3.02 |
| May 2025Ginger Petroleum | 11 | 0 | $62.17 | $3.12 |
| Apr 2025Ginger Petroleum | 0 | 0 | $63.54 | $3.42 |
| Mar 2025Ginger Petroleum | 14 | 0 | $68.24 | $4.12 |
| Feb 2025Ginger Petroleum | 13 | 0 | $71.53 | $4.19 |
| Jan 2025Ginger Petroleum | 15 | 0 | $75.74 | $4.13 |
| Dec 2024Ginger Petroleum | 9 | 0 | $70.12 | $3.01 |
| Nov 2024Ginger Petroleum | 14 | 0 | $69.95 | $2.12 |
| Oct 2024Ginger Petroleum | 14 | 0 | $71.99 | $2.20 |
| Sep 2024Ginger Petroleum | 14 | 0 | $70.24 | $2.28 |
| Aug 2024Ginger Petroleum | 24 | 0 | $76.68 | $1.99 |
| Jul 2024Ginger Petroleum | 10 | 169 | $81.80 | $2.07 |
| Jun 2024Ginger Petroleum | 16 | 0 | $79.77 | $2.54 |
| May 2024Ginger Petroleum | 16 | 0 | $80.02 | $2.12 |
| Apr 2024Ginger Petroleum | 13 | 0 | $85.35 | $1.60 |
| Mar 2024Ginger Petroleum | 14 | 0 | $81.28 | $1.49 |
| Feb 2024Ginger Petroleum | 18 | 0 | $77.25 | $1.72 |
| Jan 2024Ginger Petroleum | 14 | 0 | $74.15 | $3.18 |
| Dec 2023Ginger Petroleum | 11 | 0 | $71.90 | $2.52 |
| Nov 2023Ginger Petroleum | 13 | 0 | $77.69 | $2.71 |
| Oct 2023Ginger Petroleum | 12 | 0 | $85.64 | $2.98 |
| Sep 2023Ginger Petroleum | 20 | 0 | $89.43 | $2.64 |
| Aug 2023Ginger Petroleum | 20 | 0 | $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).
Check your statements
Do your checks match this lease?
Upload your statements for STEELE. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Magnolia Oil & Gas Operating LLC.
- A month that was never paid
- Your share of the barrels and mcf
- The price against WTI and Henry Hub
- Fees taken on gas
- Late payment interest
Around this lease
Walk the neighborhood
This lease belongs to
Magnolia Oil & Gas Operating LLC in Brazos County
- SCOTT-STASNY UNIT
6,031 bbl last 12 months
- BEULAH GOEN UNIT
4,385 bbl last 12 months
- CONLEE
4,078 bbl last 12 months
- STASNY-BORISKIE UNIT
3,649 bbl last 12 months
- LUEDECKE-DAVROS UNIT
3,042 bbl last 12 months
Kurten (Buda) field
- FEATHER CREST FARMS
14,692 bbl last 12 months
- BURGESS-MELBERG UNIT
15,610 bbl last 12 months
- MURPHEY-SMITH
12,898 bbl last 12 months
- STRINGFELLOW UNIT
11,053 bbl last 12 months
- WARREN
7,127 bbl last 12 months
Leases within 10 km
Found by the location of their wells.
- PATRANELLA-WILSON UNIT
9,709 bbl last 12 months · 0.7 km away
- ORCA UNIT
1,835 bbl last 12 months · 0.7 km away
- PATRANELLA
0 bbl last 12 months · 1.1 km away
- NEWBERRY, MILTON S. "F"
3,640 bbl last 12 months · 1.3 km away
- PATRANELLA-SCARPINATO UNIT
2,237 bbl last 12 months · 1.4 km away
Drilling permits within 10 km
LIGHTSEY D #1HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 7.7 km away
Permit 0916036 · Jun 30, 2026
FLOWERS-REISTINO UNIT B #5HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 8.3 km away
Permit 0916226 · Jun 15, 2026
FLOWERS-REISTINO UNIT A #2HA
new drill · horizontal · Wildfire Energy Operating LLC · Robertson County · 8.3 km away
Permit 0916202 · Jun 15, 2026
GOLDEN #1HA
new drill · horizontal · Wildfire Energy Operating LLC · Brazos County · 1.7 km away
Permit 0915332 · May 6, 2026
PORTERFIELD B #2HE
new drill · horizontal · Wildfire Energy Operating LLC · Brazos County · 5.5 km away
Permit 0909595 · Aug 4, 2025
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 18766, 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.