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Texas oil lease

Producing

WEATHERFORD UNIT

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

1 well

2,631bbl oil, last 12 months+3% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Milam County
Field
Giddings (Austin Chalk-3)
RRC lease
03-23656

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Where it sits

This county

Milam CountyMilamFallsBellWilliamsonBrazosBurlesonRobertsonMilam County
Milam County
Gas, last 12 months
2,480 mcf
Oil in Jul 2026
238 bbl

Production by month

Oil output rose 3% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output rose 3% over the last 12 monthsMonthly oil production and gas for WEATHERFORD UNIT, Aug 2023 to Jul 2026. Oil output rose 3% over the last 12 months. 2,631 bbl in the 12 months through Jul 2026, against 2,547 bbl in the 12 months before.Last 12 months: 2,631 bblbbl per monthmcf per month0010050200100300150400200500250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output rose 3% over the last 12 monthsMonthly oil production and gas for WEATHERFORD UNIT, Aug 2023 to Jul 2026. Oil output rose 3% over the last 12 months. 2,631 bbl in the 12 months through Jul 2026, against 2,547 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month0010050200100300150400200500250Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Mar 2024 the lease's gas goes to lease fuel instead of a transmission line

  • Transmission line (2)
  • Lease fuel (1)
Since Mar 2024 the lease's gas goes to lease fuel instead of a transmission lineShare of WEATHERFORD UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to lease fuel instead of a transmission line.Share of the lease’s gas by disposition code, per month0%50%100%Mar 2024: line to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Mar 2024 the lease's gas goes to lease fuel instead of a transmission lineShare of WEATHERFORD UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Mar 2024 the lease's gas goes to lease fuel instead of a transmission line.Share of gas by disposition code0%50%100%Mar 24: line to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

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, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, L…Jan 2020 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, Jan 2020 to Nov 2021; LRR Pecos Valley, LLC, Dec 2021 to Nov 2023; Magnolia Oil & Gas Operating LLC, Dec 2023 to Jul 20262020202120222023202420252026Changed Dec 2021Changed Dec 2023Treadstone Energy Prtnr Op, LLCJan 2020 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 WEATHERFORD UNIT
API numberWell no.Status
42-331-334921Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers75Jul 1, 2021–
4J Energy, LLCOilGathers25Jul 1, 2021–
Energy Transfer CompanyCasinghead gasBuys100Jan 1, 2006–
Energy Transfer CompanyCasinghead gasGathers100Jan 1, 2006–
Buckhead Midstream, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers25Jul 1, 2020Jul 1, 2021
Sunoco Ptnrs. Mktg.&terminals LPOilGathers25Jul 1, 2020Jul 1, 2021
Texican Crude&hydrocarbons, LLCOilGathers25Jul 1, 2020Jul 1, 2021
Buckhead Midstream, LLCOilGathers20Jun 1, 2020Jul 1, 2020
Shell Trading (Us) CompanyOilGathers70Jun 1, 2020Jul 1, 2020

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

Who buys my oilOil price check

673.25 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 Weatherford Unit
API numberWell no.Acreson the permit
42-331-334921673.25

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 WEATHERFORD UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil23817821200$80.46$2.89
Jun 2026Magnolia Oil13116814700$84.81$3.15
May 2026Magnolia Oil29417824400$102.13$2.94
Apr 2026Magnolia Oil28035622300$100.32$2.77
Mar 2026Magnolia Oil9717815800$91.38$3.04
Feb 2026Magnolia Oil22917422400$64.51$3.62
Jan 2026Magnolia Oil24317922200$60.04$7.72
Dec 2025Magnolia Oil54014200$57.97$4.26
Nov 2025Magnolia Oil16717917600$60.06$3.79
Oct 2025Magnolia Oil26734924800$60.89$3.19
Sep 2025Magnolia Oil29035923600$63.96$2.97
Aug 2025Magnolia Oil34118024800$64.86$2.91
Jul 2025Magnolia Oil22735618000$68.39$3.20
Jun 2025Magnolia Oil26517623200$68.17$3.02
May 2025Magnolia Oil18617615900$62.17$3.12
Apr 2025Magnolia Oil23535417400$63.54$3.42
Mar 2025Magnolia Oil34034924800$68.24$4.12
Feb 2025Magnolia Oil19518016900$71.53$4.19
Jan 2025Magnolia Oil161000$75.74$4.13
Dec 2024Magnolia Oil10000$70.12$3.01
Nov 2024Magnolia Oil23717620000$69.95$2.12
Oct 2024Magnolia Oil25035423600$71.99$2.20
Sep 2024Magnolia Oil29618024000$70.24$2.28
Aug 2024Magnolia Oil29935724800$76.68$1.99
Jul 2024Magnolia Oil32734524800$81.80$2.07
Jun 2024Magnolia Oil31635224000$79.77$2.54
May 2024Magnolia Oil37435424800$80.02$2.12
Apr 2024Magnolia Oil30117623700$85.35$1.60
Mar 2024Magnolia Oil21235424100$81.28$1.49
Feb 2024Magnolia Oil2221742322320$77.25$1.72
Jan 2024Magnolia Oil28018024800$74.15$3.18
Dec 2023Magnolia Oil035124800$71.90$2.52
Nov 2023LRR Pecos39718924000$77.69$2.71
Oct 2023LRR Pecos29018724800$85.64$2.98
Sep 2023LRR Pecos24335222400$89.43$2.64
Aug 2023LRR Pecos23817822900$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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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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