LEASES · O-3-22483 · OIL · DISTRICT 03
Hematite Unit
Magnolia Oil & Gas Operating LLC · Fayette County · Giddings (Austin Chalk-3) field
Hematite Unit is an RRC oil lease (O-3-22483) in Fayette County operated by Magnolia Oil & Gas Operating LLC, with one well completed on it.
It has reported 231K barrels of oil and 2.12M mcf of gas since August 1994, last reporting volume in August 2026 (statewide data runs through August 2026).
It reported 119 barrels of oil in the 12 months through August 2026, down 54% on the year before; the lease peaked at 17.5K barrels in August 1994.
4 operators have filed production on it, most recently Magnolia Oil & Gas Operating LLC since May 2024.
- 231K
- bbl oil, all reported
- 2.12M
- mcf gas incl. casinghead
- 119
- bbl oil, 12 months through Aug 2026
- -54%
- vs the 12 before
- 1
- wells completed on it
- 17.5K
- peak month, bbl (Aug 1994)
PDQ LEASE REPORTS · FIRST AUG 1994 · LAST VOLUME AUG 2026 · STATEWIDE DATA THROUGH AUG 2026
Oil by month
Barrels reported on Form PR for the whole lease. The latest months are revised upward as late reports arrive.
12 months through Aug 2026 119 · prior 12 259(-54%)
Gas by month
Gas-well gas plus casinghead gas, mcf. On an oil lease all gas is reported as casinghead. The latest months are revised upward as late reports arrive.
12 months through Aug 2026 555 · prior 12 3,645(-85%)
Decline curve
None shown. Petrora fits an Arps curve only when the last ten years of oil reports follow one decline closely enough to project (R² of 0.7 or better over at least a year since the peak). This lease's recent history does not, so a projection would be a guess dressed as a number.
Who reported it
Each run of months one operator filed the production report, oldest first, with what it reported in them.
- Union Pacific Resources CompanyAug 1994 → Aug 1994 · 1 mo17.5K bbl oil · 66.8K mcf gas
- Chesapeake Operating, Inc.Sep 1994 → Dec 1994 · 4 mo42.8K bbl oil · 324K mcf gas
- Geosouthern Energy CorporationJan 1995 → Apr 2024 · 352 mo171K bbl oil · 1.72M mcf gas
- Magnolia Oil & Gas Operating LLCMay 2024 → Nov 2026 · 31 mo578 bbl oil · 6.79K mcf gas
Wells on the lease
FROM COMPLETION REPORTS · PRODUCTION ABOVE IS THEIR TOTAL
About this data
Monthly oil, gas, and casinghead from the RRC PDQ production dump, which lags the reporting month by two to three months; figures shown through Aug 2026. Wells from completion reports; operator runs from who filed each month's report.
Developers: this page as JSON is GET /v1/data/leases/tx/o-3-22483, documented in the API reference.