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Texas oil lease

Producing

T.E. GIBSON, JR. UNIT 1

T.e. Gibson, JR. Unit 1 is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

4,755bbl oil, last 12 months−4% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-21317

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
16,083 mcf
Oil in Jul 2026
587 bbl

Production by month

Oil output fell 4% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for T.E. GIBSON, JR. UNIT 1, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 4,755 bbl in the 12 months through Jul 2026, against 4,928 bbl in the 12 months before.Last 12 months: 4,755 bblbbl per monthmcf per month002001,0004002,0006003,0008004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 4% over the last 12 monthsMonthly oil production and gas for T.E. GIBSON, JR. UNIT 1, Aug 2023 to Jul 2026. Oil output fell 4% over the last 12 months. 4,755 bbl in the 12 months through Jul 2026, against 4,928 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002001,0004002,0006003,0008004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

88% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
88% of the gas went to a transmission line in the last 12 monthsShare of T.E. GIBSON, JR. UNIT 1 gas by disposition code each month, Aug 2023 to Jul 2026. 88% 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
88% of the gas went to a transmission line in the last 12 monthsShare of T.E. GIBSON, JR. UNIT 1 gas by disposition code each month, Aug 2023 to Jul 2026. 88% 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.

  • Transmission line (2)

    88% · 14,161 mcf

  • Lease fuel (1)

    12% · 1,922 mcf

1 well on this lease

Wells on T.E. GIBSON, JR. UNIT 1
API numberWell no.Status
42-051-332601Active

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

307.94 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.

Check your decimal on this lease
Permits for T.e. Gibson, JR. Unit 1
API numberWell no.Acreson the permit
42-051-332601307.94
42-051-332601H307.94

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 T.E. GIBSON, JR. UNIT 1
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265876949477810$80.46$2.89
Jun 20264693497986800$84.81$3.15
May 20263423659758920$102.13$2.94
Apr 20265495503,5063,3440$100.32$2.77
Mar 20261131751,4491,4110$91.38$3.04
Feb 20264803651,3331,1760$64.51$3.62
Jan 20262213641,0949060$60.04$7.72
Dec 20254433701,3531,1470$57.97$4.26
Nov 20253593761,5591,3670$60.06$3.79
Oct 20254023551,2141,0120$60.89$3.19
Sep 20254063839827770$63.96$2.97
Aug 20253845398736680$64.86$2.91
Jul 20253923638286110$68.39$3.20
Jun 20254493448486380$68.17$3.02
May 20253853627765590$62.17$3.12
Apr 20253795467355250$63.54$3.42
Mar 20254123748015840$68.24$4.12
Feb 20254113647425740$71.53$4.19
Jan 20254213647124950$75.74$4.13
Dec 20243673787024920$70.12$3.01
Nov 20244253666654550$69.95$2.12
Oct 20244505617675500$71.99$2.20
Sep 20243933527205100$70.24$2.28
Aug 20244445516096090$76.68$1.99
Jul 20245213726136130$81.80$2.07
Jun 20243773556516510$79.77$2.54
May 20246407417777770$80.02$2.12
Apr 20242651784014010$85.35$1.60
Mar 20244155535585580$81.28$1.49
Feb 20244483665785780$77.25$1.72
Jan 20246325356806800$74.15$3.18
Dec 20233735526306300$71.90$2.52
Nov 20234943616616610$77.69$2.71
Oct 20234555416796790$85.64$2.98
Sep 20234963647257250$89.43$2.64
Aug 20235637188498490$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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