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Texas oil lease

Producing

JOE FIVE

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

1 well

68,484bbl oil, last 12 months−60% vs prior year
Operator
Magnolia Oil & Gas Operating LLC
County
Lee County
Field
Giddings (Austin Chalk-3)
RRC lease
03-28183

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Where it sits

This county

Lee CountyLeeWilliamsonBastropWashingtonBrazosBurlesonAustinMilamLee County
Lee County
Gas, last 12 months
138,237 mcf
Oil in Jul 2026
4,355 bbl

Production by month

Oil output fell 60% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 60% over the last 12 monthsMonthly oil production and gas for JOE FIVE, Jun 2024 to Jul 2026. Oil output fell 60% over the last 12 months. 68,484 bbl in the 12 months through Jul 2026, against 172,481 bbl in the 12 months before.Last 12 months: 68,484 bblbbl per monthmcf per month005,00010k10k20k15k30k20k40kJul 24OctJan 25AprJulOctJan 26AprJul
Oil output fell 60% over the last 12 monthsMonthly oil production and gas for JOE FIVE, Jun 2024 to Jul 2026. Oil output fell 60% over the last 12 months. 68,484 bbl in the 12 months through Jul 2026, against 172,481 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005,00010k10k20k15k30k20k40kJul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

96% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
96% of the gas went to a transmission line in the last 12 monthsShare of JOE FIVE gas by disposition code each month, Jun 2024 to Jul 2026. 96% 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%Jul 24OctJan 25AprJulOctJan 26AprJul
96% of the gas went to a transmission line in the last 12 monthsShare of JOE FIVE gas by disposition code each month, Jun 2024 to Jul 2026. 96% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jul 24Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    96% · 133,011 mcf

  • Lease fuel (1)

    3.4% · 4,766 mcf

  • Flared (4)

    0.3% · 460 mcf

0.3% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on JOE FIVE
API numberWell no.Status
42-287-32784H 05JBActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Energy Trans Crude Marketing LLCOilGathers40Jun 13, 2024
Enterprise Crude Oil LLCOilGathers30Jun 13, 2024
Shell Trading (Us) CompanyOilGathers30Jun 13, 2024
Et Gathering & Processing LLCCasinghead gasBuys100Jun 13, 2024
Energy Transfer CompanyCasinghead gasGathers100Jun 13, 2024

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

Who buys my oilOil price check

1,729.63 acres on the newest permit

An allocation well is on this lease

Permits for Joe Five
API numberWell no.Acreson the permit
42-287-32784H 05JB1,729.63

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

26 months, newest first

Ledger for JOE FIVE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20264,3554,3078,1577,79512$80.46$2.89
Jun 20264,2124,2977,8937,52719$84.81$3.15
May 20264,7004,66010,2649,8317$102.13$2.94
Apr 20264,4524,40511,57711,16346$100.32$2.77
Mar 20265,6855,73518,72618,08539$91.38$3.04
Feb 20265,4525,72316,18915,61089$64.51$3.62
Jan 20266,5896,3018,8378,49435$60.04$7.72
Dec 20255,7215,7644,8744,6656$57.97$4.26
Nov 20254,3504,5372,7242,6024$60.06$3.79
Oct 20255,7455,4934,7244,48426$60.89$3.19
Sep 20257,9548,05220,64319,880105$63.96$2.97
Aug 20259,2699,53623,62922,87572$64.86$2.91
Jul 202510,56310,27825,98525,208126$68.39$3.20
Jun 202511,58411,68422,65622,003104$68.17$3.02
May 202512,74012,61621,58821,136101$62.17$3.12
Apr 202513,98313,98421,58721,254182$63.54$3.42
Mar 202515,67215,68522,06521,755121$68.24$4.12
Feb 202511,62611,79712,49612,333147$71.53$4.19
Jan 202512,30812,32610,97210,86592$75.74$4.13
Dec 202415,37115,17213,41213,249160$70.12$3.01
Nov 202416,06716,04612,56512,47193$69.95$2.12
Oct 202418,13718,08115,79715,71282$71.99$2.20
Sep 202416,08216,41014,65014,55691$70.24$2.28
Aug 202418,34818,21417,64417,511132$76.68$1.99
Jul 202418,22718,23018,27618,024252$81.80$2.07
Jun 20246,9136,6167,6597,60059$79.77$2.54

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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