Texas oil lease

Producing

MAGNOLIA-UNIVERSITY

Name: MAGNOLIA-UNIVERSITY monthly oil and gas production, Crane County, Texas
Creator: Texas Railroad Commission

Magnolia-University is an oil lease in Crane County, Texas, operated by R3 Operating Corporation in the McElroy field.

10 wells

2,913bbl oil, last 12 months−44% vs prior year

Operator: R3 Operating Corporation
County: Crane County
Field: McElroy
RRC lease: 08-04212

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Where it sits

This county

Crane County

Oil in Jul 2026: 0 bbl
Reporting since: Jan 2020

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Operator
Operator changed: R3 Operating Corporation took over from T2 Operating Corporation in Aug 2025.
P-5
The previous operator's P-5 registration is listed as inactive since May 30, 2026 (last P-5 filed May 27, 2025).

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

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Production by month

Oil output fell 44% over the last 12 months

Oil (bars)
Last 12 months

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

No gas disposition reported for this lease

The operator has not reported where the gas went in the months we hold.

Who has run this lease

The operator changed 3 times, most recently in Aug 2025

R3 Operating Corporation Aug 2025 to now
T2 Operating Corporation Apr 2025 to Jul 2025
Boaz Energy II Operating, LLC Dec 2022 to Mar 2025
Seguro Oil and Gas, LLC Jan 2020 to Nov 2022

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

10 wells on this lease

Wells on MAGNOLIA-UNIVERSITY
API number	Well no.	Status
42-103-04342	11	Active
42-103-04343	10	Active
42-103-04346	9	Active
42-103-04347	8	Active
42-103-04348	7	Shut-in
42-103-04350	5	Active
42-103-04351	6	Active
42-103-05430	1	Shut-in
42-103-05431	3	Active
42-103-10483	12	Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
Company	Product	Role	Share%	From
Plains Marketing, L.p.	Oil	Gathers	100	Apr 1, 2004
Dcp Operating Company, LP	Casinghead gas	Buys	100	Mar 1, 2017
Dcp Operating Company, LP	Casinghead gas	Gathers	100	Mar 1, 2017

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

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What the drilling permits say

Good to know
The state has no unit acreage for this lease
Ask the operator for the acreage on your well's division order and unit plat.
Good to know
12 wells are listed on this lease
Each well can have its own unit. The decimal for one well does not have to equal the decimal for another.

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Permits for Magnolia-University
API number	Well no.	Permit issued	Completed	Acreson the permit	Type
42-103-04342	11	–	Nov 6, 1962	–	–
42-103-04343	10	–	Oct 28, 1959	–	–
42-103-04346	9	–	Mar 7, 1959	–	–
42-103-04347	8	–	Nov 20, 1958	–	–
42-103-04348	7	–	Jul 5, 1958	–	–
42-103-04350	5	–	Dec 21, 1955	–	–
42-103-04351	6	–	Jul 30, 1956	–	–
42-103-05428	4	–	–	–	–
42-103-05430	1	–	Feb 12, 1945	–	–
42-103-05431	3	–	Oct 6, 1946	–	–
42-103-05798	2	–	–	–	–
42-103-10483	12	–	Dec 28, 1964	–	–

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

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36 months, newest first

Ledger for MAGNOLIA-UNIVERSITY
Month	Operator	Oil producedbbl	Oil soldbbl	WTI$/bbl	Henry Hub$/MMBtu
Jul 2026R3 Operating	R3 Operating Corporation	0	0	$80.46	$2.89
Jun 2026R3 Operating	R3 Operating Corporation	296	509	$84.81	$3.15
May 2026R3 Operating	R3 Operating Corporation	423	370	$102.13	$2.94
Apr 2026R3 Operating	R3 Operating Corporation	441	369	$100.32	$2.77
Mar 2026R3 Operating	R3 Operating Corporation	230	172	$91.38	$3.04
Feb 2026R3 Operating	R3 Operating Corporation	5	0	$64.51	$3.62
Jan 2026R3 Operating	R3 Operating Corporation	0	0	$60.04	$7.72
Dec 2025R3 Operating	R3 Operating Corporation	0	0	$57.97	$4.26
Nov 2025R3 Operating	R3 Operating Corporation	271	351	$60.06	$3.79
Oct 2025R3 Operating	R3 Operating Corporation	395	350	$60.89	$3.19
Sep 2025R3 Operating	R3 Operating Corporation	418	529	$63.96	$2.97
Aug 2025R3 Operating	R3 Operating Corporation	434	350	$64.86	$2.91
Jul 2025T2 Operating	T2 Operating Corporation	384	347	$68.39	$3.20
Jun 2025T2 Operating	T2 Operating Corporation	446	504	$68.17	$3.02
May 2025T2 Operating	T2 Operating Corporation	460	337	$62.17	$3.12
Apr 2025T2 Operating	T2 Operating Corporation	433	511	$63.54	$3.42
Mar 2025Boaz Energy	Boaz Energy II Operating, LLC	479	497	$68.24	$4.12
Feb 2025Boaz Energy	Boaz Energy II Operating, LLC	406	348	$71.53	$4.19
Jan 2025Boaz Energy	Boaz Energy II Operating, LLC	299	352	$75.74	$4.13
Dec 2024Boaz Energy	Boaz Energy II Operating, LLC	429	493	$70.12	$3.01
Nov 2024Boaz Energy	Boaz Energy II Operating, LLC	422	346	$69.95	$2.12
Oct 2024Boaz Energy	Boaz Energy II Operating, LLC	450	526	$71.99	$2.20
Sep 2024Boaz Energy	Boaz Energy II Operating, LLC	477	521	$70.24	$2.28
Aug 2024Boaz Energy	Boaz Energy II Operating, LLC	489	496	$76.68	$1.99
Jul 2024Boaz Energy	Boaz Energy II Operating, LLC	515	350	$81.80	$2.07
Jun 2024Boaz Energy	Boaz Energy II Operating, LLC	459	527	$79.77	$2.54
May 2024Boaz Energy	Boaz Energy II Operating, LLC	504	515	$80.02	$2.12
Apr 2024Boaz Energy	Boaz Energy II Operating, LLC	394	351	$85.35	$1.60
Mar 2024Boaz Energy	Boaz Energy II Operating, LLC	487	530	$81.28	$1.49
Feb 2024Boaz Energy	Boaz Energy II Operating, LLC	467	512	$77.25	$1.72
Jan 2024Boaz Energy	Boaz Energy II Operating, LLC	425	354	$74.15	$3.18
Dec 2023Boaz Energy	Boaz Energy II Operating, LLC	549	521	$71.90	$2.52
Nov 2023Boaz Energy	Boaz Energy II Operating, LLC	491	524	$77.69	$2.71
Oct 2023Boaz Energy	Boaz Energy II Operating, LLC	154	172	$85.64	$2.98
Sep 2023Boaz Energy	Boaz Energy II Operating, LLC	303	349	$89.43	$2.64
Aug 2023Boaz Energy	Boaz Energy II Operating, LLC	260	181	$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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