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Texas oil lease · RRC district 03 · Lease 20914

Producing

WILL

Will is an oil lease in Burleson County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field. The Railroad Commission shows 2,264 bbl of oil in the 12 months through Jul 2026.

Oil lease dossier · 1 well

2,264bbl oil, last 12 months−10% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-20914

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County · RRC district 03Open Burleson County →
Gas, last 12 months
2,867 mcf
Oil in Jul 2026
121 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 10% over the last 12 months

2,264 bbl in the 12 months through Jul 2026, against 2,502 bbl in the 12 months before.

  • Oil (bars, left axis)
  • Gas (line, right axis)
  • Last 12 months
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for WILL, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 2,264 bbl in the 12 months through Jul 2026, against 2,502 bbl in the 12 months before.Last 12 months: 2,264 bblbbl per monthmcf per month00100100200200300300400400Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 10% over the last 12 monthsMonthly oil production and gas for WILL, Aug 2023 to Jul 2026. Oil output fell 10% over the last 12 months. 2,264 bbl in the 12 months through Jul 2026, against 2,502 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00100100200200300300400400Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, oil lease 20914, 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 WILL 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 WILL 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 20914, 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.

The operator changed once, most recently in Sep 2021

If your statements skip or shrink around a change, ask the new operator's owner relations department whether the month is in suspense.

Operators of this lease over timeWCS Oil & Gas Corporation, Jan 2020 to Aug 2021; Magnolia Oil & Gas Operating LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021WCS Oil & Gas CorporationJan 2020 to Aug 2021Magnolia Oil & Gas Operating…Sep 2021 to now
Operators of this lease over timeWCS Oil & Gas Corporation, Jan 2020 to Aug 2021; Magnolia Oil & Gas Operating LLC, Sep 2021 to Jul 20262020202120222023202420252026Changed Sep 2021WCS Oil & Gas CorporationJan 2020 to Aug 2021Magnolia Oil & Gas Operating LLCSep 2021 to now

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 20914 in district 03. The API number is the state’s ID for a well.
Wells on WILL
API numberWell no.Status
42-051-331411Active

SourceTexas Railroad Commission Wellbore Query, district 03, lease 20914.

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

    Energy Trans Crude Marketing LLC and Energy Transfer Marketing & Term gather it.

    Energy Trans Crude Marketing LLC gathers it: 50% of it, on the list since Jul 1, 2021 · Energy Transfer Marketing & Term gathers it: 50% of it, on the list since Dec 1, 2022

  • Gas from oil wells

    Energy Transfer Company buys and gathers it.

    Energy Transfer Company buys it: 100% of it, on the list since May 1, 2005 · Energy Transfer Company gathers it: 100% of it, on the list since May 1, 2005

Companies that used to be listed: Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Dec 1, 2022); Sunoco Ptnrs. Mktg.&terminals LP (gathers it, until Jul 1, 2021); Shell Trading (Us) Company (gathers it, until May 1, 2020); Enterprise Crude Oil LLC (gathers it, until Jan 1, 2019).

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

224.37 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
Dec 21, 1990
Latest permit
Oct 26, 1990
Wells and acres on the permits for Will
API numberWell no.Acreson the permit
42-051-331411224.37

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 WILL 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.

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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 WILL
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3Flaredmcf, code 4WTI$ per bblHenry Hub$ per MMBtu
Jul 2026Magnolia Oil12117767670$80.46$2.89
Jun 2026Magnolia Oil1751821451450$84.81$3.15
May 2026Magnolia Oil1981822702700$102.13$2.94
Apr 2026Magnolia Oil1871832782780$100.32$2.77
Mar 2026Magnolia Oil1971742932930$91.38$3.04
Feb 2026Magnolia Oil2041913133130$64.51$3.62
Jan 2026Magnolia Oil1461832492490$60.04$7.72
Dec 2025Magnolia Oil2671812362360$57.97$4.26
Nov 2025Magnolia Oil2251722072070$60.06$3.79
Oct 2025Magnolia Oil1841862572570$60.89$3.19
Sep 2025Magnolia Oil1641812472470$63.96$2.97
Aug 2025Magnolia Oil1961823053050$64.86$2.91
Jul 2025Magnolia Oil2713602592590$68.39$3.20
Jun 2025Magnolia Oil0079790$68.17$3.02
May 2025Magnolia Oil1871822812810$62.17$3.12
Apr 2025Magnolia Oil2011782832830$63.54$3.42
Mar 2025Magnolia Oil2081852922920$68.24$4.12
Feb 2025Magnolia Oil2393632762760$71.53$4.19
Jan 2025Magnolia Oil1931951331330$75.74$4.13
Dec 2024Magnolia Oil2671832952950$70.12$3.01
Nov 2024Magnolia Oil2953792092090$69.95$2.12
Oct 2024Magnolia Oil2061821921920$71.99$2.20
Sep 2024Magnolia Oil1991762392390$70.24$2.28
Aug 2024Magnolia Oil2361811931930$76.68$1.99
Jul 2024Magnolia Oil1131831461460$81.80$2.07
Jun 2024Magnolia Oil3323733023020$79.77$2.54
May 2024Magnolia Oil10901001000$80.02$2.12
Apr 2024Magnolia Oil1181791541540$85.35$1.60
Mar 2024Magnolia Oil2273592512510$81.28$1.49
Feb 2024Magnolia Oil25201841840$77.25$1.72
Jan 2024Magnolia Oil1771951431430$74.15$3.18
Dec 2023Magnolia Oil3103591981980$71.90$2.52
Nov 2023Magnolia Oil46035350$77.69$2.71
Oct 2023Magnolia Oil0033330$85.64$2.98
Sep 2023Magnolia Oil0054540$89.43$2.64
Aug 2023Magnolia Oil0076760$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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This lease belongs to

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

Magnolia Oil & Gas Operating LLC in Burleson 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 20914, 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.