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Texas oil lease

Producing

CONLEE

Conlee is an oil lease in Brazos County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Buda) field.

1 well

4,078bbl oil, last 12 months−17% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Brazos County
Field
Giddings (Buda)
RRC lease
03-23941

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Where it sits

This county

Brazos CountyBrazosWalkerFallsMadisonBurlesonLeeRobertsonGrimesMilamBrazos County
Brazos County
Gas, last 12 months
3,972 mcf
Oil in Jul 2026
313 bbl

Production by month

Oil output fell 17% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for CONLEE, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 4,078 bbl in the 12 months through Jul 2026, against 4,900 bbl in the 12 months before.Last 12 months: 4,078 bblbbl per monthmcf per month002002504005006007508001,0001,0001,250Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 17% over the last 12 monthsMonthly oil production and gas for CONLEE, Aug 2023 to Jul 2026. Oil output fell 17% over the last 12 months. 4,078 bbl in the 12 months through Jul 2026, against 4,900 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month002002504005006007508001,0001,0001,250Jan 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 CONLEE 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 CONLEE 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.

Who has run this lease

The operator changed once, most recently in Sep 2021

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, through Jul 2026.

1 well on this lease

Wells on CONLEE
API numberWell no.Status
42-041-315162REActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers50Jul 1, 2021–
Energy Transfer Marketing & TermOilGathers50Dec 1, 2022–
Energy Transfer CompanyCasinghead gasBuys100May 1, 2005–
Energy Transfer CompanyCasinghead gasGathers100May 1, 2005–
Sunoco Ptnrs. Mktg.&terminals LPOilGathers50Jul 1, 2021Dec 1, 2022
Sunoco Ptnrs. Mktg.&terminals LPOilGathers100May 1, 2020Jul 1, 2021
Shell Trading (Us) CompanyOilGathers100Jan 1, 2019May 1, 2020
Enterprise Crude Oil LLCOilGathers100Nov 30, 2016Jan 1, 2019

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

Who buys my oilOil price check

360 acres on the newest permit

Check your decimal on this lease
Permits for Conlee
API numberWell no.Acreson the permit
42-041-315162RE360

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 CONLEE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026Magnolia Oil3131813323320$80.46$2.89
Jun 2026Magnolia Oil3163643603600$84.81$3.15
May 2026Magnolia Oil3633713613610$102.13$2.94
Apr 2026Magnolia Oil3051863163160$100.32$2.77
Mar 2026Magnolia Oil3343643473470$91.38$3.04
Feb 2026Magnolia Oil3583703693690$64.51$3.62
Jan 2026Magnolia Oil3235632962960$60.04$7.72
Dec 2025Magnolia Oil3351703193190$57.97$4.26
Nov 2025Magnolia Oil3813493963960$60.06$3.79
Oct 2025Magnolia Oil3403682832830$60.89$3.19
Sep 2025Magnolia Oil3563742572570$63.96$2.97
Aug 2025Magnolia Oil3543453363360$64.86$2.91
Jul 2025Magnolia Oil3743633233230$68.39$3.20
Jun 2025Magnolia Oil3953602722720$68.17$3.02
May 2025Magnolia Oil2071691301300$62.17$3.12
Apr 2025Magnolia Oil3573622972970$63.54$3.42
Mar 2025Magnolia Oil3695433313310$68.24$4.12
Feb 2025Magnolia Oil3613693453450$71.53$4.19
Jan 2025Magnolia Oil4503614504500$75.74$4.13
Dec 2024Magnolia Oil3713794404400$70.12$3.01
Nov 2024Magnolia Oil3923626916910$69.95$2.12
Oct 2024Magnolia Oil5215551,0801,0800$71.99$2.20
Sep 2024Magnolia Oil5605311,1821,1820$70.24$2.28
Aug 2024Magnolia Oil5435499599590$76.68$1.99
Jul 2024Magnolia Oil6687291,0921,0920$81.80$2.07
Jun 2024Magnolia Oil5515458978970$79.77$2.54
May 2024Magnolia Oil5055469929920$80.02$2.12
Apr 2024Magnolia Oil6285521,1481,1480$85.35$1.60
Mar 2024Magnolia Oil5715538848840$81.28$1.49
Feb 2024Magnolia Oil5365538138130$77.25$1.72
Jan 2024Magnolia Oil6045629809800$74.15$3.18
Dec 2023Magnolia Oil6907151,1891,1890$71.90$2.52
Nov 2023Magnolia Oil5845448088080$77.69$2.71
Oct 2023Magnolia Oil6627291,0621,0620$85.64$2.98
Sep 2023Magnolia Oil5595448288280$89.43$2.64
Aug 2023Magnolia Oil5915378408400$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 (Buda)CountyBrazos County

Magnolia Oil & Gas Operating LLC in Brazos County

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Giddings (Buda) field

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