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Texas gas well · RRC district 03 · Lease 285821

Producing

TANGO

Tango is a gas well in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 37,185 mcf of gas in the 12 months through Jul 2026.

Gas well dossier · 1 well

37,185mcf gas, last 12 months−51% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-285821

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County · RRC district 03Open Fayette County →
Oil, last 12 months
5,356 bbl
Gas in Jul 2026
32 mcf
Reporting to the state
since Jan 2020
Wells
1

Production

Month by month, from the state record

What the Railroad Commission says this gas well produced. Oil is in barrels (bbl). Gas is in thousand cubic feet (mcf).

Gas output fell 51% over the last 12 months

37,185 mcf in the 12 months through Jul 2026, against 75,719 mcf in the 12 months before.

  • Gas (bars, left axis)
  • Oil (line, right axis)
  • Last 12 months
Gas output fell 51% over the last 12 monthsMonthly gas production and oil for TANGO, Aug 2023 to Jul 2026. Gas output fell 51% over the last 12 months. 37,185 mcf in the 12 months through Jul 2026, against 75,719 mcf in the 12 months before.Last 12 months: 37,185 mcfmcf per monthbbl per month005,00025010k50015k75020k1,00025k1,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 51% over the last 12 monthsMonthly gas production and oil for TANGO, Aug 2023 to Jul 2026. Gas output fell 51% over the last 12 months. 37,185 mcf in the 12 months through Jul 2026, against 75,719 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month005,00025010k50015k75020k1,00025k1,250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, gas well 285821, district 03. Reported through Jul 2026. The state revises recent months.

Gas disposition

Where the gas went

Every month the operator tells the state where each mcf of gas went, using a code. The code decides how your gas is paid.

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

Each bar is one month. Colors are the disposition codes the operator reported.

All of the gas went to a transmission line in the last 12 monthsShare of TANGO 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 TANGO 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, gas disposition by code, lease 285821, district 03. Reported through Jul 2026.

Transmission line (2)

Sold straight into a pipeline without processing. Processing fees on your statement would be worth asking about.

None of the gas was flared in the last 12 months.

Operator history

Who has run this lease

The operator runs the wells and pays your royalty. When the operator changes, payments often slip for a month or two.

The operator changed once, most recently in Dec 2022

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeRamtex Energy LLC, Jan 2020 to Nov 2022; Magnolia Oil & Gas Operating LLC, Dec 2022 to Jul 20262020202120222023202420252026Changed Dec 2022Ramtex Energy LLCJan 2020 to Nov 2022Magnolia Oil & Gas Operating…Dec 2022 to now
Operators of this lease over timeRamtex Energy LLC, Jan 2020 to Nov 2022; Magnolia Oil & Gas Operating LLC, Dec 2022 to Jul 20262020202120222023202420252026Changed Dec 2022Ramtex Energy LLCJan 2020 to Nov 2022Magnolia Oil & Gas Operating LLCDec 2022 to now

SourceTexas Railroad Commission Production Data Query, operator by month. Reported through Jul 2026.

Wells

1 well on this lease

Every well the Railroad Commission links to gas well 285821 in district 03. The API number is the state’s ID for a well.
Wells on TANGO
API numberWell no.Status
42-149-334561HActive

SourceTexas Railroad Commission Wellbore Query, district 03, lease 285821.

Who buys and gathers

Who moves and buys this lease's production

The operator files a Form P-4 with the Railroad Commission naming the companies authorised to gather and buy the oil and gas. The buyer's price is the one your royalty is figured on.

  • Condensate

    Shell Trading (Us) Company, Energy Trans Crude Marketing LLC and Enterprise Crude Oil LLC gather it.

    Shell Trading (Us) Company gathers it: 34% of it, on the list since Oct 1, 2025 · Energy Trans Crude Marketing LLC gathers it: 33% of it, on the list since Oct 1, 2025 · Enterprise Crude Oil LLC gathers it: 33% of it, on the list since Oct 1, 2025

  • Gas from gas wells

    Et Gathering & Processing LLC buys it; Energy Transfer Company gathers it.

    Et Gathering & Processing LLC buys it: 100% of it, on the list since Oct 1, 2023 · Energy Transfer Company gathers it: 100% of it, on the list since Oct 1, 2023

Companies that used to be listed: Shell Trading (Us) Company (gathers it, until Oct 1, 2025); Ramtex Energy LLC (gathers it, until Oct 1, 2023); Etc Texas P/L, LTD (buys it, until Oct 1, 2023); Buckhead Midstream, LLC (gathers it, until Dec 29, 2022); Shell Trading (Us) Company (gathers it, until Dec 29, 2022); Shell Trading (Us) Company (gathers it, until May 1, 2020).

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.

Who buys my oil and gasIs my oil price fair?

Unit and wells

1,883.96 acres on the newest permit

Acres and wells as the operator filed them on its Railroad Commission drilling permits. Your decimal is your net acres over the unit acres, so this is the number to hold your division order against.
Wells on the permits
11 not plugged
Horizontal
1
First completion
Nov 3, 2018
Latest permit
Jul 25, 2018

A production sharing agreement well is on this lease

A production sharing agreement divides production by a method the agreement sets. Ask the operator for the agreement and the tract percentage it gives your land.

Wells and acres on the permits for Tango
API numberWell no.Acreson the permit
42-149-334561H1,883.96

SourceRailroad Commission of Texas, drilling permits and wellbore file, Sep 26, 2026 (source 1, source 2). The acres are what the operator filed; they are not a survey.

Check my decimal against the unit

What the operator reported

What Magnolia Oil & Gas Corporation told investors it received

Magnolia Oil & Gas Operating LLC is linked to Magnolia Oil & Gas Corporation (MGY). Public companies report the average price they realize each quarter. It is an average across everything the company operates, not the price on this lease.
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 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.

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Estimator

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A rough check before you look at a statement: the state volumes times your decimal, priced at WTI and Henry Hub.

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 TANGO 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.

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Enter your decimal to see an estimated royalty for each of the last 12 months this lease reported. Nothing you type leaves your browser.

An estimate, not your check

It ignores gathering and processing fees, taxes, plant products and the price your operator actually gets, so your statement will differ. Use it as a ceiling to compare against. Regional gas prices are often below Henry Hub.

Ledger

36 months, newest first

Compare these numbers with your statements. Your share of a month is the “Gas sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for TANGO
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil38537532320$80.46$2.89
Jun 2026Magnolia Oil4525726856850$84.81$3.15
May 2026Magnolia Oil3832002,9602,9600$102.13$2.94
Apr 2026Magnolia Oil4483902,5102,5100$100.32$2.77
Mar 2026Magnolia Oil4405843,1073,1070$91.38$3.04
Feb 2026Magnolia Oil3713993,2053,2050$64.51$3.62
Jan 2026Magnolia Oil4874165,5645,5640$60.04$7.72
Dec 2025Magnolia Oil5273895,2465,2460$57.97$4.26
Nov 2025Magnolia Oil4005839819810$60.06$3.79
Oct 2025Magnolia Oil4593824,2174,2170$60.89$3.19
Sep 2025Magnolia Oil4683624,3204,3200$63.96$2.97
Aug 2025Magnolia Oil5365974,3584,3580$64.86$2.91
Jul 2025Magnolia Oil4165945,2275,2270$68.39$3.20
Jun 2025Magnolia Oil4504135,6825,6820$68.17$3.02
May 2025Magnolia Oil5325605,5045,5040$62.17$3.12
Apr 2025Magnolia Oil6054226,1606,1600$63.54$3.42
Mar 2025Magnolia Oil6287736,1156,1150$68.24$4.12
Feb 2025Magnolia Oil5935943,7133,7130$71.53$4.19
Jan 2025Magnolia Oil7046013,8923,8920$75.74$4.13
Dec 2024Magnolia Oil7869562,9302,9300$70.12$3.01
Nov 2024Magnolia Oil4191944,1994,1990$69.95$2.12
Oct 2024Magnolia Oil66229000$71.99$2.20
Sep 2024Magnolia Oil76680013,53113,5310$70.24$2.28
Aug 2024Magnolia Oil95480718,76618,7660$76.68$1.99
Jul 2024Magnolia Oil55463512,32712,3270$81.80$2.07
Jun 2024Magnolia Oil71580415,22015,2200$79.77$2.54
May 2024Magnolia Oil80479817,27417,2740$80.02$2.12
Apr 2024Magnolia Oil72162914,89114,8910$85.35$1.60
Mar 2024Magnolia Oil8851,00717,91417,9140$81.28$1.49
Feb 2024Magnolia Oil83762214,80514,8050$77.25$1.72
Jan 2024Magnolia Oil72384212,96812,9680$74.15$3.18
Dec 2023Magnolia Oil1,01287618,91218,9120$71.90$2.52
Nov 2023Magnolia Oil72683512,34212,3420$77.69$2.71
Oct 2023Magnolia Oil77285313,29813,2980$85.64$2.98
Sep 2023Magnolia Oil1,04682217,77317,7730$89.43$2.64
Aug 2023Magnolia Oil79982614,33714,3370$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).

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Around this lease

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Everything on this page connects to the operator, field and county records. Start from any of them.

This lease belongs to

OperatorMagnolia Oil & Gas Operating LLCFieldGiddings (Austin Chalk-3)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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Giddings (Austin Chalk-3) field

All leases in this field →

Leases within 10 km

Found by the location of their wells.

  • BLAIR OL UNIT

    0 mcf last 12 months · 0 km away

  • CLIFFHANGER

    236,656 mcf last 12 months · 1.1 km away

  • RANGER

    304,978 mcf last 12 months · 1.1 km away

  • WECHETA UNIT

    0 mcf last 12 months · 1.5 km away

  • HAWK

    193,717 mcf last 12 months · 1.6 km away

Drilling permits within 10 km

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 “Gas sold” volume for the month the check covers and multiply it by your decimal. The answer should match the mcf 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, gas well 285821, 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.

FAQ

Questions about TANGO

Who operates the TANGO lease?

The Railroad Commission lists Magnolia Oil & Gas Operating LLC (operator number 521544) as the operator of this lease in Fayette County, Texas. The operator history on this page shows earlier operators and when the record changed.

How much has the TANGO lease produced?

The lease reported 5,356 bbl of oil and 37,185 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 36 months are in the ledger on this page, taken from the Railroad Commission's production data.

Does this page show who owns the royalty?

No. Railroad Commission records show who operates a lease and what it reported, not who owns the minerals or receives royalty. Your division order and royalty stub name the lease and your decimal interest.

How do I check my royalty stub against this lease?

Multiply the lease's volume for a month by your decimal interest and compare it with the barrels and mcf on your stub for the same month. The two are seldom identical, since sales and reporting months can differ, but a large gap is worth a question to the operator.

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