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SOUNDGARDEN UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the SUGARKANE (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 294991District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$22.5 M
Dec 2018 – May 2026
Value, last 12 filed months
$561 k
at the published price for each month
Months reported
90
no gaps in the span
Streams
2
condensate, gas

The SUGARKANE (AUSTIN CHALK) field

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 527 leases and 806 wells, and the rule below applies to all of them.

Discovered
2006-09-07
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 2016-01-12.

The Commission's schedule remark for this field reads: “ INTO SUGARKANE (AUSTIN CHALK) EFF. 11/07/17.”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
NGPA1none——
ST-1112023-09-29232944

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition319,612 bbl$18,510,168
GasProduction1,244,509 Mcf$3,953,213
Total$22,463,381

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 29.0307, -97.8566. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.03065, -97.85664 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,414 ft
1 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 10,414 ft.

Completions filed
Dec 2018
1 of 1 wells

1 well

42-25535927104H10,414 ftDec 2018——

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (90)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

90 months

May 20261,091484106.413.05$117,568
Apr 20260098.932.87$0
Mar 20261089.753.15$90
Feb 202626063.503.75$1,651
Jan 20264311,24759.138.00$35,458
Dec 20256522,26156.664.41$46,921
Nov 20256152,25158.593.93$44,871
Oct 20256623,04459.383.30$49,369
Sep 20256452,93262.743.08$49,489
Aug 20258223,17863.933.01$62,131
Jul 20258532,86566.743.32$66,427
Jun 20251,1792,85866.483.13$87,322
May 20251,2563,23060.553.23$86,491
Apr 20251,2242,55962.363.54$85,395
Mar 20251,0342,32467.704.27$79,921
Feb 20251,18389870.884.34$87,749
Jan 202581294374.324.28$64,383
Dec 20249211,28568.993.12$67,551
Nov 20249181,55369.052.20$66,802
Oct 20241,1361,59771.372.28$84,720
Sep 202495747969.612.36$67,749
Aug 20249601,65475.632.06$76,018
Jul 20248914,33279.932.15$80,517
Jun 20249095,00078.082.63$84,145
May 20249425,44978.812.20$86,218
Apr 20241,7662,31884.451.66$152,985
Mar 20242,8162,40380.301.55$229,838
Feb 20249341,23276.091.78$73,266
Jan 20241,1873,26973.023.30$97,455
Dec 20231,5164,64771.262.61$120,162
Nov 20231,8475,13077.892.81$158,266
Oct 2023714485.443.09$6,202
Sep 202394089.042.74$8,370
Aug 20239735,99980.522.67$94,381
Jul 20231,5118,62574.852.64$135,884
Jun 20231,5318,37968.962.26$124,502
May 20231,5048,58770.622.23$125,339
Apr 20231,3308,67378.122.24$123,308
Mar 20231,6749,15972.852.39$143,870
Feb 20231,8008,52575.112.47$156,218
Jan 20232,16310,50176.533.39$201,109
Dec 20221,4848,61076.415.73$162,720
Nov 20221,9899,85485.005.65$224,703
Oct 20221,9199,94687.185.86$225,619
Sep 20221,76610,37284.888.16$234,572
Aug 20222,16611,05694.529.13$305,640
Jul 20222,27311,125101.587.54$314,797
Jun 20222,03110,284115.097.98$315,785
May 20222,17311,472109.378.43$334,405
Apr 20222,49611,840104.226.84$341,090
Mar 20222,87313,568108.885.08$381,689
Feb 20228434,49791.054.86$98,605
Jan 20221,3917,00281.844.54$145,612
Dec 20212,19012,63171.323.90$205,441
Nov 20212,60111,62177.435.24$262,253
Oct 20213,52512,45579.795.71$352,426
Sep 20212,37012,24369.865.35$231,080
Aug 20212,53912,76866.024.22$221,513
Jul 20212,58712,99470.783.98$234,851
Jun 20212,50513,33769.493.38$219,160
May 20212,71514,61763.483.02$216,457
Apr 20212,60013,42860.362.76$193,976
Mar 20213,36716,16961.302.72$250,327
Feb 20212,10611,29857.805.55$184,408
Jan 20213,44315,85450.412.81$218,116
Dec 20203,42115,56844.642.68$194,365
Nov 20203,33715,46338.772.71$171,227
Oct 20203,42015,24436.972.48$164,219
Sep 20203,39219,06237.091.99$163,762
Aug 20203,69319,71839.982.39$194,676
Jul 20203,94217,69738.371.83$183,554
Jun 20203,90018,90434.901.69$168,064
May 20204,69820,80316.921.81$117,242
Apr 20204,73820,65914.751.80$107,162
Mar 20205,31521,84730.341.86$201,810
Feb 20204,77222,60049.881.98$282,791
Jan 20206,05423,77057.252.09$396,383
Dec 20196,40624,40959.012.30$434,265
Nov 20196,52626,00955.302.75$432,431
Oct 20197,36129,55053.472.42$465,061
Sep 20197,33532,59055.052.66$490,393
Aug 20198,13239,55153.112.30$523,030
Jul 20197,11645,41256.272.46$512,134
Jun 201910,97255,13152.782.49$716,445
May 201913,28955,76058.482.74$929,941
Apr 201915,27461,26162.632.75$1,125,121
Mar 201920,70868,70856.803.06$1,386,605
Feb 201926,35370,38850.852.79$1,536,589
Jan 201936,87374,17746.033.23$1,936,721
Dec 20183,79611,27346.594.19$224,038

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate         1,091 bbl  × $106.41 =   $116,093
Gas                  484 Mcf  × $  3.05 =     $1,474

────────────────────────────────────────────────────
Month total                                 $117,568

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 02/G/294991 is the state's own key, not one this site invented.