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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 28293

Producing

TRACK PHAROAH

Track Pharoah is an oil lease in Milam County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 17,565 bbl of oil in the 7 months reported, Jan 2026 through Jul 2026.

Oil lease dossier · 1 well

17,565bbl oil, since Jan 2026
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28293

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County · RRC district 03Open Milam County →
Gas, since Jan 2026
38,780 mcf
Oil in Jul 2026
2,224 bbl
Reporting to the state
since Jan 2026
Wells
1

Production

Month by month, from the state record

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

Oil output fell 31% since Jan 2026

Monthly average of 2,000 bbl in the latest 3 months, against 2,901 bbl in the first 3.

  • Oil (bars, left axis)
  • Gas (line, right axis)
Oil output fell 31% since Jan 2026Monthly oil production and gas for TRACK PHAROAH, Jan 2026 to Jul 2026. Oil output fell 31% since Jan 2026. Monthly average of 2,000 bbl in the latest 3 months, against 2,901 bbl in the first 3.bbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Oct 25Jan 26AprJul
Oil output fell 31% since Jan 2026Monthly oil production and gas for TRACK PHAROAH, Jan 2026 to Jul 2026. Oil output fell 31% since Jan 2026. Monthly average of 2,000 bbl in the latest 3 months, against 2,901 bbl in the first 3.bbl per monthmcf per month001,0002,0002,0004,0003,0006,0004,0008,000Jan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 28293, 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.

67% of the gas went to a transmission line in the 7 months reported

Flaring peaked at 98.7% of the gas in Jan 2026.

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
67% of the gas went to a transmission line in the 7 months reportedShare of TRACK PHAROAH gas by disposition code each month, Jan 2026 to Jul 2026. 67% of the gas went to a transmission line in the 7 months reported. Flaring peaked at 98.7% of the gas in Jan 2026.Share of the lease’s gas by disposition code, per month0%50%100%Flared 98.7%Oct 25Jan 26AprJul
67% of the gas went to a transmission line in the 7 months reportedShare of TRACK PHAROAH gas by disposition code each month, Jan 2026 to Jul 2026. 67% of the gas went to a transmission line in the 7 months reported. Flaring peaked at 98.7% of the gas in Jan 2026.Share of gas by disposition code0%50%100%Flared 98.7%Jan 26Jul

SourceTexas Railroad Commission Production Data Query, gas disposition by code, lease 28293, 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.

Lease fuel (1)

Burned to run equipment on the lease. Not sold, so it pays no royalty. A few percent is normal.

Flared (4)

Burned off or vented, not sold. It pays no royalty. More than 3% in a month is worth watching.

Over the 7 months reported, 30.0% of the gas was flared. 7 months went above 3%, which we mark in the ledger below.

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.

Magnolia Oil & Gas Operating LLC has reported this lease for the whole period

No change of operator in the months we hold.

Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2026 to Jul 20262026Magnolia Oil & Gas Operating…Jan 2026 to nowthrough Jul 2026
Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2026 to Jul 20262026Magnolia Oil & Gas Operating LLCJan 2026 to nowthrough Jul 2026

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 oil lease 28293 in district 03. The API number is the state’s ID for a well.
Wells on TRACK PHAROAH
API numberWell no.Status
42-331-351334HAActive

SourceTexas Railroad Commission Wellbore Query, district 03, lease 28293.

Unit and wells

1,813.40 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
Jan 22, 2026
Latest permit
Sep 2, 2025

An allocation well is on this lease

A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Wells and acres on the permits for Track Pharoah
API numberWell no.Acreson the permit
42-331-351334HA1,813.40

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.

Compare with the price on my stub

Estimator

Estimate your royalty for this lease

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 TRACK PHAROAH 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.

Your estimate appears here

Enter your decimal to see an estimated royalty for each of the last 7 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

7 months, newest first

Compare these numbers with your statements. Your share of a month is the “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for TRACK PHAROAH
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil2,2242,1826,4815,840517$80.46$2.89
Jun 2026Magnolia Oil1,4491,6383,8803,397395$84.81$3.15
May 2026Magnolia Oil2,3272,1745,1034,236609$102.13$2.94
Apr 2026Magnolia Oil2,8612,8106,1185,729249$100.32$2.77
Mar 2026Magnolia Oil3,0643,0816,8896,255460$91.38$3.04
Feb 2026Magnolia Oil3,8904,0107,2257196,378$64.51$3.62
Jan 2026Magnolia Oil1,7501,5633,08403,045$60.04$7.72

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).

Check your statements

Do your checks match this lease?

Upload your statements for TRACK PHAROAH. We compare volumes, prices, deductions and timing with the state record and give you the exact question to ask Magnolia Oil & Gas Operating LLC.

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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)CountyMilam County

Magnolia Oil & Gas Operating LLC in Milam County

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Giddings (Austin Chalk-3) field

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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 “Oil sold” volume for the month the check covers and multiply it by your decimal. The answer should match the barrels 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, oil lease 28293, 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 TRACK PHAROAH

Who operates the TRACK PHAROAH lease?

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

How much has the TRACK PHAROAH lease produced?

The lease reported 17,565 bbl of oil and 38,780 mcf of gas in the last 12 months through Jul 2026. Monthly figures for 7 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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