Ely Unit

Oil & Gas Property in Milam County, TX

Property Summary

Key data points for Ely Unit

CountyMilam County, TX
Production DatesJun 1996 - Apr 2026
Total Oil Production1,497,801 BBLs
Total Gas Production1,201,536 MCF
Recent Oil Production2,614 BBLs in Mar 2026
Recent Gas Production5,685 MCF in Mar 2026
Wells on Property13

Our Valuation Estimates for Ely Unit

ShaleAssessment

$37,057 *

MarketMultiple

$301,248 **

* Assessment based on future expected revenue
** Based on a 36 month multiple of average monthly estimated revenue

Based on a decimal interest

Ely Unit Production Graph

Aggregated production of all wells and leases associated with this property
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to oil and gas production for Ely Unit
from Jun 1996 to Apr 2026

Wells on Ely Unit

API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
API #Well NameOperatorStatusCountyEst. Daily Oil Prod.Est. Daily Gas Prod.Est. Daily Water Prod.LatitudeLongitude
42-331-33463ELY UNIT 1 1MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764638-96.626083
42-331-33465ELY UNIT 2 1MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764638-96.625805
42-331-33775ELY UNIT 1 2MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.766766-96.622543
42-331-33885ELY UNIT 2 2MAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764367-96.621141
42-331-34764ELY UNIT 1 EB 1HMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764311-96.621255
42-331-34768ELY UNIT 2 3PHANADARKO E&P ONSHORE LLCPermitted LocationMilam County, TX30.764359-96.621285
42-331-34810ELY UNIT 1 EB 2HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762854-96.625551
42-331-34811ELY UNIT 1 EB 3HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762840-96.625596
42-331-34812ELY UNIT 1 EB 4HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762827-96.625641
42-331-34813ELY UNIT 1 EB 5HANADARKO E&P ONSHORE LLCHorizontal Well Surface LocatioMilam County, TX30.762813-96.625686
42-331-34983ELY UNIT 1 4HGMAGNOLIA OIL & GAS OPERATING LLCShut InMilam County, TX30.762619-96.625437
42-331-34984ELY UNIT 1 5HBMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.762840-96.625596
42-331-34987ELY UNIT 2 3HAMAGNOLIA OIL & GAS OPERATING LLCProducingMilam County, TX30.764166-96.630941

Leases included in Ely Unit

Lease #Lease NameOperatorCountyMonthly Oil Prod.Monthly Gas Prod.
03-23025ELY UNIT 2MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-23026ELY UNIT 1MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-25741ELY UNIT NO. 2TREADSTONE ENERGY PRTNR OP, LLCMilam County, TX
03-26974ELY UNIT 1 EBMAGNOLIA OIL & GAS OPERATING LLCMilam County, TX
03-27314ELY UNIT 1MAGNOLIA OIL & GAS OPERATING LLCMilam County, TX

Nearby Properties

These are the closest 20 properties to the Ely Unit property.

Property NameLocationOil Prod.Gas Prod.Prod. Period
AaronMilam County, TX2,495 BBLs1,430 MCFApr 2026
Alliance TrustRobertson County, TX337 BBLs498 MCFMar 2026
Alliance-Reistino UnitRobertson County, TX519 BBLs14 MCFMar 2026
Anna ClaireMilam County, TX1,243 BBLs273 MCFApr 2026
Brady ScottMilam County, TX1,132 BBLs690 MCFApr 2026
Cannon MichaelMilam County, TX969 BBLs739 MCFApr 2026
Cartwright-Moore UnitMilam County, TX388 BBLs248 MCFApr 2026
Cotropia-Perrone UnitRobertson County, TX1,320 BBLs738 MCFMar 2026
CutterMilam County, TX1,304 BBLs6,340 MCFApr 2026
Ditto-Wilson UnitMilam County, TX1,552 BBLs386 MCFApr 2026
Ella MarieMilam County, TX1,694 BBLs2,027 MCFApr 2026
JacksonMilam County, TX741 BBLs2,677 MCFApr 2026
JamesMilam County, TX602 BBLs2,822 MCFApr 2026
JennyMilam County, TX295 BBLs1,432 MCFApr 2026
Kubin-Pope UnitRobertson County, TX487 BBLs823 MCFMar 2026
Kubin-Scamardo UnitRobertson County, TX331 BBLs758 MCFMar 2026
Scamardo HCXRobertson County, TX4,932 BBLs6,709 MCFMar 2026
Scamardo-Cotropia UnitRobertson County, TX2,304 BBLs1,580 MCFMar 2026
TreyleyMilam County, TX850 BBLs5,833 MCFApr 2026
TylerMilam County, TX736 BBLs5,921 MCFApr 2026

Frac'ing activity on Ely Unit

API #Well NameStart DateEnd DateVertical DepthTotal Water Volume
42-331-34764Ely Unit 1 EB 1H
42-331-34983Ely Unit No. 1-4HG
42-331-34984Ely Unit No. 1-5HB
42-331-34987Ely Unit No. 2-3HA

Owners of Ely Unit

Royalty Ownership data is obtained from public records
YearOwnerProperty NameOperatorPercentageInterest TypeAppraisal ValueLegal Desciption
2025MAGNOLIA OIL & GAS OPERATINGELY UNIT 2 W#3HAMAGNOLIA OIL & GAS O
2025MAGNOLIA OIL & GAS OPERATINGELY UNIT 2 W#1-2MAGNOLIA OIL & GAS O
2025MAGNOLIA OIL & GAS OPERATINGELY UNIT 1 W#1-2MAGNOLIA OIL & GAS O
2025MAGNOLIA OIL & GAS OPERATINGELY UNIT 1 W#5HBMAGNOLIA OIL & GAS O
2025MAGNOLIA OIL & GAS OPERATINGELY UNIT 1 EB W#1HMAGNOLIA OIL & GAS O
2025ELY MYRON EELY UNIT 1 W#5HBMAGNOLIA OIL & GAS O
2025ELY JORDAN B JRELY UNIT 2 W#3HAMAGNOLIA OIL & GAS O
2025ELY JORDAN B JRELY UNIT 2 W#1-2MAGNOLIA OIL & GAS O
Displaying 8 of 167 Owners   --   Full Ownership Data Available for Subscribers Only

Oil & Gas Sales on Ely Unit

Lease #Lease NameReporting PeriodProductVolumeValueGross PricePurchaserProducer
Lease #Lease NameReporting PeriodProductOil VolumeOil ValueCalculated Oil PricePurchaserProducer
03-23025ELY UNIT 2Feb 2026ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Feb 2026ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBFeb 2026ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Feb 2026ETC TEXAS PIPELINE, LTD.MAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jan 2026MAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jan 2026MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Jan 20264J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Jan 2026MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Jan 20264J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBJan 2026MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBJan 20264J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Jan 2026MAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Jan 20264J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Dec 2025MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Dec 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Dec 2025MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Dec 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBDec 2025MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-27314ELY UNIT 1Dec 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Nov 2025MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23025ELY UNIT 2Nov 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Nov 2025MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-23026ELY UNIT 1Nov 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBNov 2025MAGNOLIA OIL & GAS OPERATING LLCMAGNOLIA OIL & GAS OPERATING LLC
03-26974ELY UNIT 1 EBNov 20254J ENERGY, LLCMAGNOLIA OIL & GAS OPERATING LLC