LEASES · O-3-23071 · OIL · DISTRICT 03
Florence Unit
ReportingMagnolia Oil & Gas Operating LLC · Lee County · Giddings (Austin Chalk-3) field
Florence Unit is an RRC oil lease (O-3-23071) in Lee County operated by Magnolia Oil & Gas Operating LLC, with one well completed on it.
It has reported 127K barrels of oil and 1.93M mcf of gas since September 1996, last reporting volume in March 2026 (statewide data runs through April 2026).
The last 12 reported months total 116 barrels of oil, down 62% on the year before; the lease peaked at 13K barrels in October 1996.
2 operators have filed production on it, most recently Magnolia Oil & Gas Operating LLC since August 2025.
- 127K
- bbl oil, all reported
- 1.93M
- mcf gas incl. casinghead
- 116
- bbl oil, last 12 reported
- -62%
- vs the 12 before
- 1
- wells completed on it
- 13K
- peak month, bbl (Oct 1996)
PDQ LEASE REPORTS · FIRST SEP 1996 · LAST VOLUME MAR 2026 · STATEWIDE DATA THROUGH APR 2026
Oil by month
Barrels reported on Form PR for the whole lease. The latest months are revised upward as late reports arrive.
Last 12 months 116 · prior 12 303(-62%)
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.
Last 12 months 2,226 · prior 12 11,421(-81%)
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.
- U. S. Operating, Inc.Sep 1996 → Jul 2025 · 347 mo
- Magnolia Oil & Gas Operating LLCAug 2025 → Jul 2026 · 12 mo
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 Apr 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-3-23071, documented in the API reference.