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Texas oil lease

Producing

STEWART UNIT

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

1 well

1,830bbl oil, last 12 months−12% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23138

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
9,830 mcf
Oil in Jul 2026
126 bbl

Production by month

Oil output fell 12% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for STEWART UNIT, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 1,830 bbl in the 12 months through Jul 2026, against 2,081 bbl in the 12 months before.Last 12 months: 1,830 bblbbl per monthmcf per month001002502005003007504001,0005001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 12% over the last 12 monthsMonthly oil production and gas for STEWART UNIT, Aug 2023 to Jul 2026. Oil output fell 12% over the last 12 months. 1,830 bbl in the 12 months through Jul 2026, against 2,081 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001002502005003007504001,0005001,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

71% of the gas went to flaring in the last 12 months

Flaring peaked at 78.4% of the gas in Feb 2026.

  • Lease fuel (1)
  • Flared (4)
71% of the gas went to flaring in the last 12 monthsShare of STEWART UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 71% of the gas went to flaring in the last 12 months. Flaring peaked at 78.4% of the gas in Feb 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 78.4%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
71% of the gas went to flaring in the last 12 monthsShare of STEWART UNIT gas by disposition code each month, Aug 2023 to Jul 2026. 71% of the gas went to flaring in the last 12 months. Flaring peaked at 78.4% of the gas in Feb 2026.Share of gas by disposition code0%50%100%Flared 78.4%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Flared (4)

    71% · 6,993 mcf

  • Lease fuel (1)

    29% · 2,837 mcf

71.1% of the gas flared in the last 12 months. 14 months above 3%.

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 Jul 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 Jul 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 Jul 2026.

1 well on this lease

Wells on STEWART UNIT
API numberWell no.Status
42-331-334711Active

SourceTexas Railroad Commission Wellbore Query.

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, Sep 24, 2026 (source).

Who buys my oilOil price check

691.63 acres on the newest permit

A pooling certificate was filed

Permits for Stewart Unit
API numberWell no.Acreson the permit
42-331-334711691.63

SourceRailroad Commission drilling permits, Sep 26, 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 STEWART UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil12606160368$80.46$2.89
Jun 2026Magnolia Oil1291786600420$84.81$3.15
May 2026Magnolia Oil14307660518$102.13$2.94
Apr 2026Magnolia Oil1363546730433$100.32$2.77
Mar 2026Magnolia Oil14906840436$91.38$3.04
Feb 2026Magnolia Oil1321701,0350811$64.51$3.62
Jan 2026Magnolia Oil1731799430695$60.04$7.72
Dec 2025Magnolia Oil1601728140590$57.97$4.26
Nov 2025Magnolia Oil1801789440704$60.06$3.79
Oct 2025Magnolia Oil1521748620629$60.89$3.19
Sep 2025Magnolia Oil1711738730658$63.96$2.97
Aug 2025Magnolia Oil1791769600731$64.86$2.91
Jul 2025Magnolia Oil2151757830549$68.39$3.20
Jun 2025Magnolia Oil1311782720200$68.17$3.02
May 2025Magnolia Oil30000$62.17$3.12
Apr 2025Magnolia Oil134020400$63.54$3.42
Mar 2025Magnolia Oil14617424800$68.24$4.12
Feb 2025Magnolia Oil13735022000$71.53$4.19
Jan 2025Magnolia Oil202124800$75.74$4.13
Dec 2024Magnolia Oil23134924800$70.12$3.01
Nov 2024Magnolia Oil22416224000$69.95$2.12
Oct 2024Magnolia Oil20917620800$71.99$2.20
Sep 2024Magnolia Oil21916624000$70.24$2.28
Aug 2024Magnolia Oil23035324800$76.68$1.99
Jul 2024Magnolia Oil23916524200$81.80$2.07
Jun 2024Magnolia Oil24435023500$79.77$2.54
May 2024Magnolia Oil23517424800$80.02$2.12
Apr 2024Magnolia Oil21916624000$85.35$1.60
Mar 2024Magnolia Oil26936424800$81.28$1.49
Feb 2024Magnolia Oil27217422400$77.25$1.72
Jan 2024Magnolia Oil27735723200$74.15$3.18
Dec 2023Magnolia Oil22217721600$71.90$2.52
Nov 2023LRR Pecos26335222500$77.69$2.71
Oct 2023LRR Pecos24617820300$85.64$2.98
Sep 2023LRR Pecos26018424000$89.43$2.64
Aug 2023LRR Pecos32635424800$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 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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