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Texas oil lease

Producing

WARD "N"

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

1 well

59bbl oil, last 12 months−89% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-18094

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Oil in Jul 2026
18 bbl
Reporting since
Jan 2020

Production by month

Oil output fell 89% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 89% over the last 12 monthsMonthly oil production and gas for WARD "N", Aug 2023 to Jul 2026. Oil output fell 89% over the last 12 months. 59 bbl in the 12 months through Jul 2026, against 561 bbl in the 12 months before.Last 12 months: 59 bblbbl per monthmcf per month00505001001,0001501,5002002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 89% over the last 12 monthsMonthly oil production and gas for WARD "N", Aug 2023 to Jul 2026. Oil output fell 89% over the last 12 months. 59 bbl in the 12 months through Jul 2026, against 561 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00505001001,0001501,5002002,000Jan 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 WARD "N" 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 WARD "N" 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 WARD "N"
API numberWell no.Status
42-287-317071 AActive

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
Dcp Operating Company, LPCasinghead gasBuys100Apr 1, 2017Jul 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

80 acres on the newest permit

A pooling certificate was filed

Permits for Ward "N"
API numberWell no.Acreson the permit
42-287-317071 A80

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 WARD "N"
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261818000$80.46$2.89
Jun 202610000$84.81$3.15
May 202633000$102.13$2.94
Apr 202699000$100.32$2.77
Mar 202600000$91.38$3.04
Feb 202610000$64.51$3.62
Jan 202600000$60.04$7.72
Dec 202500000$57.97$4.26
Nov 202588000$60.06$3.79
Oct 202555000$60.89$3.19
Sep 202577000$63.96$2.97
Aug 202577000$64.86$2.91
Jul 202552000$68.39$3.20
Jun 202501000$68.17$3.02
May 202500000$62.17$3.12
Apr 20254073730$63.54$3.42
Mar 20251871941,5271,5270$68.24$4.12
Feb 20258817657650$71.53$4.19
Jan 202500000$75.74$4.13
Dec 2024181863353350$70.12$3.01
Nov 20245317387380$69.95$2.12
Oct 20246117637630$71.99$2.20
Sep 2024671837617610$70.24$2.28
Aug 20247818458450$76.68$1.99
Jul 20245316376370$81.80$2.07
Jun 2024661978638630$79.77$2.54
May 20249419699690$80.02$2.12
Apr 20241602152150$85.35$1.60
Mar 20244818118110$81.28$1.49
Feb 2024461817727720$77.25$1.72
Jan 20244309309300$74.15$3.18
Dec 20235118408400$71.90$2.52
Nov 2023471858398390$77.69$2.71
Oct 20234619249240$85.64$2.98
Sep 20234509089080$89.43$2.64
Aug 20233806876870$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)CountyLee County

Magnolia Oil & Gas Operating LLC in Lee County

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