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Texas oil lease

Producing

TARANTULA

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

1 well

352mcf gas, last 12 months+47% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-24257

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas in Jul 2026
36 mcf
Reporting since
Jan 2020

Production by month

Gas output rose 47% over the last 12 months

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output rose 47% over the last 12 monthsMonthly gas production and oil for TARANTULA, Aug 2023 to Jul 2026. Gas output rose 47% over the last 12 months. 352 mcf in the 12 months through Jul 2026, against 239 mcf in the 12 months before.Last 12 months: 352 mcfmcf per monthbbl per month0020254050607580100100125Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output rose 47% over the last 12 monthsMonthly gas production and oil for TARANTULA, Aug 2023 to Jul 2026. Gas output rose 47% over the last 12 months. 352 mcf in the 12 months through Jul 2026, against 239 mcf in the 12 months before.Last 12 monthsmcf per monthbbl per month0020254050607580100100125Jan 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

All of the gas went to a transmission line in the last 12 monthsShare of TARANTULA 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 TARANTULA 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.

1 well on this lease

Wells on TARANTULA
API numberWell no.Status
42-051-336041 HShut-in

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–
Energy Transfer CompanyCasinghead gasBuys100Feb 1, 2005–
Energy Transfer CompanyCasinghead gasGathers100Feb 1, 2005–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2012Dec 1, 2022

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

Who buys my oilOil price check

550.10 acres on the newest permit

A pooling certificate was filed

Permits for Tarantula
API numberWell no.Acreson the permit
42-051-336041 H550.10

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 TARANTULA
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20260036360$80.46$2.89
Jun 202600000$84.81$3.15
May 20260035350$102.13$2.94
Apr 20260035350$100.32$2.77
Mar 20260035350$91.38$3.04
Feb 20260035350$64.51$3.62
Jan 20260034340$60.04$7.72
Dec 202500000$57.97$4.26
Nov 20250033330$60.06$3.79
Oct 20250032320$60.89$3.19
Sep 20250030300$63.96$2.97
Aug 20250047470$64.86$2.91
Jul 20250020200$68.39$3.20
Jun 20250067670$68.17$3.02
May 20250035350$62.17$3.12
Apr 20250037370$63.54$3.42
Mar 202510000$68.24$4.12
Feb 202500000$71.53$4.19
Jan 20250037370$75.74$4.13
Dec 20240043430$70.12$3.01
Nov 202400000$69.95$2.12
Oct 202400000$71.99$2.20
Sep 202400000$70.24$2.28
Aug 202400000$76.68$1.99
Jul 20240061610$81.80$2.07
Jun 20240031310$79.77$2.54
May 202400000$80.02$2.12
Apr 202443194000$85.35$1.60
Mar 2024990000$81.28$1.49
Feb 202411518382820$77.25$1.72
Jan 2024620000$74.15$3.18
Dec 2023810000$71.90$2.52
Nov 20238177000$77.69$2.71
Oct 2023610000$85.64$2.98
Sep 2023580000$89.43$2.64
Aug 202326081810$81.39$2.58

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

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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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