Magnolia Llc

Total Interests

$2,900

Appraised Value

Operators

Leases

Interest Type Breakdown

Working Interests 0

Royalty Interests 32

Cumulative Production (Associated Leases)

Natural Gas: 24.97 MMCF

Oil: 5.97 MMBBL

Operators

Basa Resources Diversified Production Llc Dallas Production, Inc. R2q Operating Llc C.W. Resources

Mineral Interests Detail

Lease Name	Operator	Type	Interest	Value
Alexander H C RRC: 06793	Basa Resources	RI	0.0171%	$393
Anderson Taylor RRC: 06796	Basa Resources	RI	0.0553%	$59
Bumpus J C RRC: 06358	Basa Resources	RI	0.0911%	$0
Bumpus John #1 RRC: 15707	Diversified Production Llc	RI	0.0122%	$50
Bumpus John Gu #1 RRC: 147448	Diversified Production Llc	RI	0.0122%	$0
Bumpus John Gu #3 RRC: 158413	Diversified Production Llc	RI	0.0122%	$10
Bumpus John Gu #5 RRC: 193393	Diversified Production Llc	RI	0.0122%	$10
Bumpus John Gu #6 RRC: 193394	Diversified Production Llc	RI	0.0122%	$0
Bumpus John Gu #7 RRC: 209591	Diversified Production Llc	RI	0.0122%	$0
Bumpus John Gu #8 RRC: 14529	Diversified Production Llc	RI	0.0122%	$11
Bumpus John Gu #9 RRC: 230842	Diversified Production Llc	RI	0.0122%	$0
Clemens-Castleberry #1h RRC: 292584	Dallas Production, Inc.	RI	0.0063%	$83
Doby-Clemens (Alloc) #1h RRC: 282487	Dallas Production, Inc.	RI	0.0068%	$92
Flewellen-Clemens (Alloc) #1 RRC: 282545	Dallas Production, Inc.	RI	0.0092%	$76
Foster H L RRC: 08127	R2q Operating Llc	RI	0.0255%	$178
Foster H L -A- RRC: 06102	Basa Resources	RI	0.0274%	$0
Griffin L P RRC: 06112	Basa Resources	RI	0.0684%	$1,412
Hopkins Pet Gas Unit #1 RRC: 146415	Diversified Production Llc	RI	0.0021%	$10
Hopkins Pet Gas Unit #2 RRC: 178509	Diversified Production Llc	RI	0.0021%	$10
Hopkins Pet Gas Unit #3 RRC: 199604	Diversified Production Llc	RI	0.0020%	$18
Hopkins Pet Gas Unit #7 RRC: 199065	Diversified Production Llc	RI	0.0021%	$10
Hopkins Pet Gas Unit #8 RRC: 201144	Diversified Production Llc	RI	0.0021%	$10
Hopkins Pet Gas Unit #9 RRC: 211678	Diversified Production Llc	RI	0.0021%	$10
Moore, Boston RRC: 08388	Basa Resources	RI	0.0143%	$52
Parnell J A RRC: 08160	C.W. Resources	RI	0.1466%	$345
Tooke Allen #1 RRC: 15306	Diversified Production Llc	RI	0.0050%	$31
Tooke Allen Gu #2 RRC: 192048	Diversified Production Llc	RI	0.0050%	$0
Tooke Allen Gu #3 RRC: 203019	Diversified Production Llc	RI	0.0050%	$0
Tooke Allen Gu #4 RRC: 214712	Diversified Production Llc	RI	0.0050%	$10
Tooke Allen Gu #5 RRC: 205254	Diversified Production Llc	RI	0.0050%	$10
Tooke Allen Gu #8 RRC: 237269	Diversified Production Llc	RI	0.0050%	$10
Ziegler, Irene RRC: 08187	Basa Resources	RI	0.2051%	$0

Frequently Asked Questions

What mineral rights does Magnolia Llc own in Gregg County?

Magnolia Llc owns 32 mineral interest(s) in Gregg County, Texas, with a combined appraised value of $2,900. These interests include 0 working interest(s) and 32 royalty interest(s) across 32 lease(s).

How can I sell my Gregg County mineral rights?

Buckhead Energy purchases mineral rights directly from owners in Gregg County and throughout the East Texas Oil Field. We offer fair, competitive prices with no broker fees or commissions. Contact us for a free, no-obligation evaluation of your mineral rights.

Where is Gregg County, Texas?

Gregg County is in East Texas, with Longview as its county seat and Kilgore — once called the "World's Richest Acre" — within its borders. It sits atop the East Texas Oil Field, one of the largest oil fields ever discovered in the lower 48, found in 1930 and producing from the Woodbine sand for over 90 years.

How much are Gregg County mineral rights worth?

Mineral rights values in Gregg County vary based on factors including current production, lease terms, operator activity, and commodity prices. The East Texas Oil Field is a mature, long-lived field, so valuations typically reflect slow-decline legacy production. Contact Buckhead Energy for a free, no-obligation evaluation of your specific mineral interests.

What is the difference between working interest and royalty interest?

A royalty interest (RI) entitles the owner to a share of production revenue without paying for drilling or operating costs. A working interest (WI) participates in both the revenue and the costs of drilling and operating wells. Most mineral owners in Gregg County hold royalty interests.

About Gregg County & The East Texas Oil Field

Gregg County is in East Texas, with Longview as its county seat and Kilgore within its borders. It sits atop the East Texas Oil Field — one of the largest oil fields ever discovered in the lower 48 (1930), producing from the Woodbine sand.

The East Texas Oil Field has produced oil for over 90 years since its 1930 discovery. Production is mature and long-lived, with many wells declining slowly and continuing to pay royalties for decades.

Many mineral owners in Gregg County have received royalty payments for decades. As wells mature and production declines, some owners choose to sell their mineral rights to convert future uncertain income into immediate cash. Buckhead Energy purchases mineral rights across the East Texas Oil Field and broader East Texas Basin.