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Texas oil lease

Producing

VIRGINIA OL UNIT

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

1 well

1,010bbl oil, last 12 months+3% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-22240

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
2,443 mcf
Oil in Jul 2026
41 bbl

Production by month

Oil output held steady over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output held steady over the last 12 monthsMonthly oil production and gas for VIRGINIA OL UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,010 bbl in the 12 months through Jul 2026, against 984 bbl in the 12 months before.Last 12 months: 1,010 bblbbl per monthmcf per month0050100100200150300200400250500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output held steady over the last 12 monthsMonthly oil production and gas for VIRGINIA OL UNIT, Aug 2023 to Jul 2026. Oil output held steady over the last 12 months. 1,010 bbl in the 12 months through Jul 2026, against 984 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0050100100200150300200400250500Jan 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 VIRGINIA OL UNIT 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 VIRGINIA OL UNIT 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 VIRGINIA OL UNIT
API numberWell no.Status
42-287-324001Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers100Jul 1, 2021–
Dcp Operating Company, LPCasinghead gasGathers100Apr 1, 2017Jul 1, 2021
Magnolia Oil & Gas Operating LLCCasinghead gasBuys100Sep 1, 2018Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100Dec 1, 2013Jul 1, 2021

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

Who buys my oilOil price check

631 acres on the newest permit

  • Good to know

    A pooling certificate (P-12) was filed

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

Check your decimal on this lease
Permits for Virginia Ol Unit
API numberWell no.Acreson the permit
42-287-324001631

SourceRailroad Commission drilling permits, Oct 3, 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 VIRGINIA OL UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264101161160$80.46$2.89
Jun 2026831691811810$84.81$3.15
May 20265601641640$102.13$2.94
Apr 2026711682062060$100.32$2.77
Mar 20268001861860$91.38$3.04
Feb 20267301071070$64.51$3.62
Jan 2026931762452450$60.04$7.72
Dec 20258612182180$57.97$4.26
Nov 20251081702422420$60.06$3.79
Oct 2025761692352350$60.89$3.19
Sep 202514513693690$63.96$2.97
Aug 2025981781741740$64.86$2.91
Jul 2025281781911910$68.39$3.20
Jun 202516022492490$68.17$3.02
May 20251651602742740$62.17$3.12
Apr 20252251822042040$63.54$3.42
Mar 20259917631310$68.24$4.12
Feb 202586865650$71.53$4.19
Jan 202511000$75.74$4.13
Dec 202418050500$70.12$3.01
Nov 2024461641361360$69.95$2.12
Oct 20245711591590$71.99$2.20
Sep 202439099990$70.24$2.28
Aug 2024601711361360$76.68$1.99
Jul 202436093930$81.80$2.07
Jun 20241511802172170$79.77$2.54
May 20241020200$80.02$2.12
Apr 202414029290$85.35$1.60
Mar 20245201331330$81.28$1.49
Feb 20245501311310$77.25$1.72
Jan 2024511811351350$74.15$3.18
Dec 20235811191190$71.90$2.52
Nov 20236301671670$77.69$2.71
Oct 2023561682402400$85.64$2.98
Sep 20237002742740$89.43$2.64
Aug 20235101271270$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Lee County

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Giddings (Austin Chalk-3) field

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