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Texas gas well

Producing

MARCUS THREE

Marcus Three is a gas well in Fayette County, Texas, operated by Magnolia Oil & Gas Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

2,093,008mcf gas, last 12 months
Operator
Magnolia Oil & Gas Operating LLC
County
Fayette County
Field
Giddings (Austin Chalk-3)
RRC lease
03-300079

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Where it sits

This county

Fayette CountyFayetteCaldwellBastropWashingtonBurlesonLeeAustinColoradoFayette County
Fayette County
Oil, last 12 months
87,787 bbl
Gas in Jul 2026
121,734 mcf

Checks stopped on this lease?

  • Buyer

    Buyer changed: ET GATHERING & PROCESSING LLC replaced ENERGY TRANSFER COMPANY as the buyer of this lease's gas from gas wells on Sep 1, 2025.

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

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Production by month

Gas output fell 46% since Dec 2024

  • Gas (bars)
  • Oil (line)
  • Last 12 months
Gas output fell 46% since Dec 2024Monthly gas production and oil for MARCUS THREE, Dec 2024 to Jul 2026. Gas output fell 46% since Dec 2024. Monthly average of 127,843 mcf in the latest 3 months, against 234,728 mcf in the first 3.Last 12 months: 2,093,008 mcfmcf per monthbbl per month00100k5,000200k10k300k15k400k20kJan 25AprJulOctJan 26AprJul
Gas output fell 46% since Dec 2024Monthly gas production and oil for MARCUS THREE, Dec 2024 to Jul 2026. Gas output fell 46% since Dec 2024. Monthly average of 127,843 mcf in the latest 3 months, against 234,728 mcf in the first 3.Last 12 monthsmcf per monthbbl per month00100k5,000200k10k300k15k400k20kJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

99% of the gas went to a transmission line in the last 12 months

  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
99% of the gas went to a transmission line in the last 12 monthsShare of MARCUS THREE gas by disposition code each month, Dec 2024 to Jul 2026. 99% 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%Jan 25AprJulOctJan 26AprJul
99% of the gas went to a transmission line in the last 12 monthsShare of MARCUS THREE gas by disposition code each month, Dec 2024 to Jul 2026. 99% of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    99% · 2,074,811 mcf

  • Lease fuel (1)

    0.7% · 14,707 mcf

  • Flared (4)

    0.2% · 3,490 mcf

0.2% of the gas flared in the last 12 months. No month above 3%.

1 well on this lease

Wells on MARCUS THREE
API numberWell no.Status
42-149-33599H 03MLActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Shell Trading (Us) CompanyCondensateGathers34Oct 1, 2025–
Energy Trans Crude Marketing LLCCondensateGathers33Oct 1, 2025–
Enterprise Crude Oil LLCCondensateGathers33Oct 1, 2025–
Et Gathering & Processing LLCGas-well gasBuys100Sep 1, 2025–
Energy Transfer CompanyGas-well gasGathers100Dec 20, 2024–
Energy Trans Crude Marketing LLCCondensateGathers30Dec 20, 2024Oct 1, 2025
Enterprise Crude Oil LLCCondensateGathers30Dec 20, 2024Oct 1, 2025
Shell Trading (Us) CompanyCondensateGathers40Dec 20, 2024Oct 1, 2025
Energy Transfer CompanyGas-well gasBuys100Dec 20, 2024Sep 1, 2025

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

Who buys my oilOil price check

1,728.47 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

Check your decimal on this lease
Permits for Marcus Three
API numberWell no.Acreson the permit
42-149-33599H 03ML1,728.47

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

20 months, newest first

Ledger for MARCUS THREE
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20265,1055,057121,734118,607321$80.46$2.89
Jun 20265,7295,869126,558123,666206$84.81$3.15
May 20266,9026,845135,237131,997669$102.13$2.94
Apr 20266,7906,642139,789138,256853$100.32$2.77
Mar 20266,2786,203157,795156,929172$91.38$3.04
Feb 20266,0336,036148,831148,012182$64.51$3.62
Jan 20267,0807,239170,922170,06147$60.04$7.72
Dec 20257,7747,597188,248187,295132$57.97$4.26
Nov 20258,0778,130202,036201,151105$60.06$3.79
Oct 20258,6338,683219,378218,359234$60.89$3.19
Sep 20259,2799,313231,326230,404172$63.96$2.97
Aug 202510,10710,168251,154250,074397$64.86$2.91
Jul 202511,63511,679262,801261,286406$68.39$3.20
Jun 202510,93410,897270,941270,278663$68.17$3.02
May 202512,31312,282290,246289,403841$62.17$3.12
Apr 202513,42513,403301,327301,142183$63.54$3.42
Mar 202513,76413,724309,915308,756603$68.24$4.12
Feb 202513,37213,371296,696295,216846$71.53$4.19
Jan 202514,77614,811314,959313,1221,334$75.74$4.13
Dec 20244,5114,36592,53090,9361,400$70.12$3.01

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)CountyFayette County

Magnolia Oil & Gas Operating LLC in Fayette County

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