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Royalty Clerk

Texas oil lease · RRC district 03 · Lease 14021

Producing

TRIANGLE "K"

Triangle "K" is an oil lease in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 271 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

271bbl oil, last 12 months−8% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-14021

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County · RRC district 03Open Fayette County →
Gas, last 12 months
1,116 mcf
Oil in Jul 2026
0 bbl
Reporting to the state
since Jan 2020
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 8% over the last 12 months

271 bbl in the 12 months through Jul 2026, against 296 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for TRIANGLE "K", Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 271 bbl in the 12 months through Jul 2026, against 296 bbl in the 12 months before.Last 12 months: 271 bblbbl per monthmcf per month0020100402006030080400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 8% over the last 12 monthsMonthly oil production and gas for TRIANGLE "K", Aug 2023 to Jul 2026. Oil output fell 8% over the last 12 months. 271 bbl in the 12 months through Jul 2026, against 296 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0020100402006030080400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 14021, 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 TRIANGLE "K" 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 TRIANGLE "K" 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 14021, 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.

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 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating…Jan 2020 to nowthrough Jul 2026
Operators of this lease over timeMagnolia Oil & Gas Operating LLC, Jan 2020 to Jul 20262020202120222023202420252026Magnolia Oil & Gas Operating LLCJan 2020 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 14021 in district 03. The API number is the state’s ID for a well.
Wells on TRIANGLE "K"
API numberWell no.Status
42-149-307331Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 14021.

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.

  • Oil

    Shell Trading (Us) Company gathers it.

    100% of it, on the list since Oct 1, 2015

  • Gas from oil wells

    Magnolia Oil & Gas Operating LLC buys it; Dcp Operating Company, LP gathers it.

    Magnolia Oil & Gas Operating LLC buys it: 100% of it, on the list since Sep 1, 2018 · Dcp Operating Company, LP gathers it: 100% of it, on the list since Apr 1, 2017

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

266.90 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
22 not plugged
Horizontal
2
First completion
Mar 23, 1981
Latest permit
Sep 24, 2002

A pooling certificate was filed

Your tract may share its production with neighbours in a pooled unit. The unit acres the operator uses to divide production can differ from the acreage on one permit.

Wells and acres on the permits for Triangle "K"
API numberWell no.Acreson the permit
42-149-307331266.90
42-149-307331RE266.90

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 TRIANGLE "K" 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 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 “Oil sold” volume times your decimal. Scroll sideways on a phone.
Monthly production, disposition and prices for TRIANGLE "K"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil00000$80.46$2.89
Jun 2026Magnolia Oil00000$84.81$3.15
May 2026Magnolia Oil4026260$102.13$2.94
Apr 2026Magnolia Oil34068680$100.32$2.77
Mar 2026Magnolia Oil261801271270$91.38$3.04
Feb 2026Magnolia Oil4401241240$64.51$3.62
Jan 2026Magnolia Oil2701291290$60.04$7.72
Dec 2025Magnolia Oil3801781780$57.97$4.26
Nov 2025Magnolia Oil2601331330$60.06$3.79
Oct 2025Magnolia Oil4302522520$60.89$3.19
Sep 2025Magnolia Oil2018741410$63.96$2.97
Aug 2025Magnolia Oil9038380$64.86$2.91
Jul 2025Magnolia Oil16087870$68.39$3.20
Jun 2025Magnolia Oil2501721720$68.17$3.02
May 2025Magnolia Oil32072720$62.17$3.12
Apr 2025Magnolia Oil3039390$63.54$3.42
Mar 2025Magnolia Oil3301761760$68.24$4.12
Feb 2025Magnolia Oil201621620$71.53$4.19
Jan 2025Magnolia Oil00330$75.74$4.13
Dec 2024Magnolia Oil470660$70.12$3.01
Nov 2024Magnolia Oil411801201200$69.95$2.12
Oct 2024Magnolia Oil16025250$71.99$2.20
Sep 2024Magnolia Oil380000$70.24$2.28
Aug 2024Magnolia Oil430000$76.68$1.99
Jul 2024Magnolia Oil2018752520$81.80$2.07
Jun 2024Magnolia Oil5501351350$79.77$2.54
May 2024Magnolia Oil2901691690$80.02$2.12
Apr 2024Magnolia Oil2045450$85.35$1.60
Mar 2024Magnolia Oil4301321320$81.28$1.49
Feb 2024Magnolia Oil5101431430$77.25$1.72
Jan 2024Magnolia Oil771882422420$74.15$3.18
Dec 2023Magnolia Oil4303163160$71.90$2.52
Nov 2023Magnolia Oil3002692690$77.69$2.71
Oct 2023Magnolia Oil4512872870$85.64$2.98
Sep 2023Magnolia Oil381802162160$89.43$2.64
Aug 2023Magnolia Oil3701981980$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

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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 14021, 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.