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WEEZER 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 295098District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.7 M
May 2019 – May 2026
Value, last 12 filed months
$593 k
at the published price for each month
Months reported
85
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-1112023-09-29232946

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
CondensateDisposition163,864 bbl$9,768,756
GasProduction619,196 Mcf$1,913,620
Total$11,682,375

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 29.0048, -97.9047. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.00482, -97.90473 · 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
10,129 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 10,129 ft.

Completions filed
May 2019
1 of 1 wells

1 well

42-25536227104H10,129 ftMay 2019——

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 (85)

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

85 months

May 20263931,786106.413.05$47,259
Apr 20265321,95598.932.87$58,241
Mar 20266643,17989.753.15$69,606
Feb 20264304,23063.503.75$43,169
Jan 20265535,32059.138.00$75,248
Dec 20256303,96056.664.41$53,173
Nov 20254093,71158.593.93$38,534
Oct 20255444,26159.383.30$46,385
Sep 20256283,62862.743.08$50,564
Aug 20254602,42763.933.01$36,725
Jul 20254002,77766.743.32$35,902
Jun 20254442,67766.483.13$37,893
May 20254902,46260.553.23$37,627
Apr 20256402,80962.363.54$49,863
Mar 20254742,44167.704.27$42,509
Feb 20255213,19370.884.34$50,789
Jan 20257814,92274.324.28$79,104
Dec 20243881,28368.993.12$30,773
Nov 20246993,95869.052.20$56,967
Oct 20248084,36371.372.28$67,621
Sep 20246205,33769.612.36$55,777
Aug 20247194,66175.632.06$63,997
Jul 202404,53879.932.15$9,741
Jun 20243866,24278.082.63$46,580
May 20246233,36778.812.20$56,501
Apr 20246254,14784.451.66$59,662
Mar 20247783,99380.301.55$68,643
Feb 20241,3572,60176.091.78$107,893
Jan 20248123,78173.023.30$71,761
Dec 20231,0782,31871.262.61$82,870
Nov 20231,0443,39877.892.81$90,857
Oct 20231,1074,43485.443.09$108,271
Sep 20239003,77889.042.74$90,469
Aug 20231,2063,30480.522.67$105,938
Jul 20231,2314,36174.852.64$103,661
Jun 20231,6864,82868.962.26$127,171
May 20231,7324,53570.622.23$132,415
Apr 20238374,24778.122.24$74,890
Mar 20231,3735,15972.852.39$112,369
Feb 20231,1843,70575.112.47$98,066
Jan 20231,3123,99676.533.39$113,945
Dec 20221,0664,16876.415.73$105,332
Nov 2022684,29785.005.65$30,042
Oct 20229675,41487.185.86$116,049
Sep 20221,1555,50284.888.16$142,953
Aug 20221,3116,00194.529.13$178,688
Jul 20221,1542,949101.587.54$139,465
Jun 20221,3113,777115.097.98$181,013
May 20221,2124,486109.378.43$170,387
Apr 20221,4284,403104.226.84$178,932
Mar 20221,3095,333108.885.08$169,596
Feb 20221,1184,76191.054.86$124,927
Jan 20221,1715,26881.844.54$119,739
Dec 20211,3915,78071.323.90$121,743
Nov 20211,0945,16177.435.24$111,736
Oct 20211,2615,75879.795.71$133,516
Sep 20211,2215,84869.865.35$116,591
Aug 20211,3716,16266.024.22$116,521
Jul 20211,4416,60870.783.98$128,308
Jun 20211,4516,38769.493.38$122,422
May 20212,1646,86763.483.02$158,093
Apr 20211,3296,75160.362.76$98,841
Mar 20211,9237,04861.302.72$137,029
Feb 20211,3675,33357.805.55$108,600
Jan 20211,8718,86550.412.81$119,230
Dec 20201,6876,80244.642.68$93,506
Nov 20201,5918,35238.772.71$84,288
Oct 20201,5649,19736.972.48$80,615
Sep 20202,1939,27637.091.99$99,807
Aug 20202,62610,04939.982.39$128,955
Jul 20202,95310,58838.371.83$132,631
Jun 20203,03111,04234.901.69$124,446
May 20202,92211,71716.921.81$70,704
Apr 20203,06711,81214.751.80$66,552
Mar 20203,20712,39830.341.86$120,314
Feb 20202,60112,80049.881.98$155,090
Jan 20202,51614,90357.252.09$175,259
Dec 20193,74218,19459.012.30$262,741
Nov 20194,74921,90655.302.75$322,877
Oct 20195,89627,24953.472.42$381,162
Sep 20197,58329,65655.052.66$496,248
Aug 20199,24927,72153.112.30$555,094
Jul 201913,44333,54756.272.46$838,965
Jun 201917,82333,43652.782.49$1,023,994
May 20198,76913,55258.482.74$549,948

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           393 bbl  × $106.41 =    $41,819
Gas                1,786 Mcf  × $  3.05 =     $5,440

────────────────────────────────────────────────────
Month total                                  $47,259

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/295098 is the state's own key, not one this site invented.