DIETZ O.L. UNIT
DIETZ O.L. UNIT is a Texas gas lease in Washington County, Railroad Commission district 03, operated by Magnolia Oil & Gas Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2020 to August 2026, totalling 4,502,740 thousand cubic feet. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $3.8M, with roughly $1.5M expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 27,471 thousand cubic feet a month. Its strongest month on the record we hold was November 2020, at 182,593 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about DIETZ O.L. UNIT
- Who operates DIETZ O.L. UNIT?
- DIETZ O.L. UNIT is operated by Magnolia Oil & Gas Operating LLC, Railroad Commission of Texas operator number 521544.
- Where is DIETZ O.L. UNIT?
- DIETZ O.L. UNIT is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 291315.
- Is DIETZ O.L. UNIT still producing?
- DIETZ O.L. UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DIETZ O.L. UNIT is August 2026.
- How much has DIETZ O.L. UNIT produced?
- DIETZ O.L. UNIT has reported 4,502,740 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2020 and August 2026, from 1 wellbore.
- How much is DIETZ O.L. UNIT worth?
- The remaining production from DIETZ O.L. UNIT is estimated to be worth about $3.8M in total as of 26 August 2026, within a range of $3.1M to $4.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DIETZ O.L. UNIT is a fraction of it. The estimate fits an Arps decline curve to the production DIETZ O.L. UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DIETZ O.L. UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does DIETZ O.L. UNIT generate in a year?
- DIETZ O.L. UNIT is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DIETZ O.L. UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Magnolia Oil & Gas Operating LLC |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 291315 |
| Wellbores | 1 |
| Reported production | 4,502,740 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where DIETZ O.L. UNIT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.