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Texas oil lease

Producing

TATE

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

1 well

7,858bbl oil, last 12 months−21% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-27928

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
20,315 mcf
Oil in Jul 2026
553 bbl

Production by month

Oil output fell 21% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for TATE, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 7,858 bbl in the 12 months through Jul 2026, against 9,961 bbl in the 12 months before.Last 12 months: 7,858 bblbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 21% over the last 12 monthsMonthly oil production and gas for TATE, Aug 2023 to Jul 2026. Oil output fell 21% over the last 12 months. 7,858 bbl in the 12 months through Jul 2026, against 9,961 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005001,0001,0002,0001,5003,0002,0004,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

84% of the gas went to a transmission line in the last 12 months

Flaring peaked at 39.5% of the gas in Mar 2024.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
84% of the gas went to a transmission line in the last 12 monthsShare of TATE gas by disposition code each month, Aug 2023 to Jul 2026. 84% of the gas went to a transmission line in the last 12 months. Flaring peaked at 39.5% of the gas in Mar 2024.Share of the lease’s gas by disposition code, per month0%50%100%Flared 39.5%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
84% of the gas went to a transmission line in the last 12 monthsShare of TATE gas by disposition code each month, Aug 2023 to Jul 2026. 84% of the gas went to a transmission line in the last 12 months. Flaring peaked at 39.5% of the gas in Mar 2024.Share of gas by disposition code0%50%100%Flared 39.5%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    84% · 17,065 mcf

  • Flared (4)

    15% · 3,033 mcf

  • Lease fuel (1)

    1.1% · 217 mcf

14.9% of the gas flared in the last 12 months. 32 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, Aug 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Aug 2021 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, Aug 2021 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 202620222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCAug 2021 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 TATE
API numberWell no.Status
42-331-351041HAActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Dec 1, 2021–
4J Energy, LLCOilGathers25Dec 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Aug 24, 2021–
Energy Transfer CompanyCasinghead gasGathers100Aug 24, 2021–
Energy Trans Crude Marketing LLCOilGathers100Aug 24, 2021Dec 1, 2021

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

Who buys my oilOil price check

2,496.19 acres on the newest permit

An allocation well is on this lease

Permits for Tate
API numberWell no.Acreson the permit
42-331-351041HA2,496.19

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 TATE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil5535451,5531,46062$80.46$2.89
Jun 2026Magnolia Oil5757161,5631,5195$84.81$3.15
May 2026Magnolia Oil7135351,5331,46627$102.13$2.94
Apr 2026Magnolia Oil6147091,7571,7126$100.32$2.77
Mar 2026Magnolia Oil9048782,1542,06242$91.38$3.04
Feb 2026Magnolia Oil3963521,3881,111259$64.51$3.62
Jan 2026Magnolia Oil6535491,8331,392441$60.04$7.72
Dec 2025Magnolia Oil6407152,0131,486527$57.97$4.26
Nov 2025Magnolia Oil6425331,7591,229530$60.06$3.79
Oct 2025Magnolia Oil6676901,5171,122395$60.89$3.19
Sep 2025Magnolia Oil7318751,6611,196465$63.96$2.97
Aug 2025Magnolia Oil7707011,5841,310274$64.86$2.91
Jul 2025Magnolia Oil6336971,8961,429467$68.39$3.20
Jun 2025Magnolia Oil6065251,4911,113378$68.17$3.02
May 2025Magnolia Oil7227001,9061,498408$62.17$3.12
Apr 2025Magnolia Oil7678811,3651,172193$63.54$3.42
Mar 2025Magnolia Oil7237141,044895149$68.24$4.12
Feb 2025Magnolia Oil8078871,2281,05797$71.53$4.19
Jan 2025Magnolia Oil8027001,4021,139227$75.74$4.13
Dec 2024Magnolia Oil6927031,151894195$70.12$3.01
Nov 2024Magnolia Oil8491,0341,7421,232414$69.95$2.12
Oct 2024Magnolia Oil8627001,5721,190295$71.99$2.20
Sep 2024Magnolia Oil1,0371,0411,7471,217430$70.24$2.28
Aug 2024Magnolia Oil1,4611,3761,3571,017242$76.68$1.99
Jul 2024Magnolia Oil330335844653125$81.80$2.07
Jun 2024Magnolia Oil43352647436277$79.77$2.54
May 2024Magnolia Oil7878861,3201,068170$80.02$2.12
Apr 2024Magnolia Oil8417031,5581,149319$85.35$1.60
Mar 2024Magnolia Oil1,0149121,579855623$81.28$1.49
Feb 2024Magnolia Oil1,0251,1041,540843604$77.25$1.72
Jan 2024Magnolia Oil1,0511,0711,8031,012669$74.15$3.18
Dec 2023Magnolia Oil1,1191,0761,8921,181583$71.90$2.52
Nov 2023LRR Pecos1,0351,0603,0551,977624$77.69$2.71
Oct 2023LRR Pecos1,1481,0823,2392,251400$85.64$2.98
Sep 2023LRR Pecos1,0031,0732,7011,683465$89.43$2.64
Aug 2023LRR Pecos1,0531,0563,5062,122835$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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