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OASIS 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 295474District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$20.1 M
Mar 2018 – May 2026
Value, last 12 filed months
$760 k
at the published price for each month
Months reported
99
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-1112023-09-29232939

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
CondensateDisposition274,508 bbl$17,211,141
GasProduction855,336 Mcf$2,900,910
Total$20,112,051

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 28.9948, -97.9121. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.99483, -97.91208 · 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
10,255 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 10,255 ft.

Completions filed
Mar 2018
1 of 1 wells

1 well

42-25535657101H10,255 ftMar 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 (99)

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

99 months

May 20265464,686106.413.05$72,373
Apr 20265363,28198.932.87$62,442
Mar 20269424,61489.753.15$99,076
Feb 20265644,22263.503.75$51,648
Jan 20267503,36059.138.00$71,221
Dec 20257133,73856.664.41$56,896
Nov 20257474,25358.593.93$60,466
Oct 20257275,06659.383.30$59,912
Sep 20259255,31162.743.08$74,376
Aug 20251873,93463.933.01$23,815
Jul 20257504,44166.743.32$64,778
Jun 20257494,34566.483.13$63,388
May 20257574,49460.553.23$60,362
Apr 20255715,27262.363.54$54,287
Mar 20255534,32867.704.27$55,911
Feb 20257365,56270.884.34$76,311
Jan 20257644,42174.324.28$75,697
Dec 20247634,41668.993.12$66,423
Nov 20247214,50669.052.20$59,691
Oct 20249434,91671.372.28$78,517
Sep 20247494,60569.612.36$63,026
Aug 20247384,71875.632.06$65,551
Jul 20249414,80179.932.15$85,520
Jun 20241,1105,24878.082.63$100,492
May 20247455,27878.812.20$70,317
Apr 20245494,17584.451.66$53,290
Mar 20249344,58380.301.55$82,082
Feb 20241,1304,58876.091.78$94,165
Jan 20247345,05373.023.30$70,260
Dec 20235673,14271.262.61$48,607
Nov 20237484,74277.892.81$71,575
Oct 20239495,39085.443.09$97,723
Sep 20238934,72889.042.74$92,444
Aug 20231,1265,67980.522.67$105,845
Jul 20239285,26174.852.64$83,359
Jun 20239357,04268.962.26$80,382
May 20231,2926,31770.622.23$105,312
Apr 20231,0905,45478.122.24$97,356
Mar 20231,3225,51672.852.39$109,508
Feb 20236844,77375.112.47$63,144
Jan 20231,1365,47376.533.39$105,479
Dec 20227304,64776.415.73$82,402
Nov 20228835,24685.005.65$104,675
Oct 20221,1136,26987.185.86$133,791
Sep 20221,3025,64684.888.16$156,606
Aug 20221,2986,68694.529.13$183,711
Jul 20221,1145,805101.587.54$156,942
Jun 20221,2826,437115.097.98$198,895
May 20221,2886,183109.378.43$193,010
Apr 20221,3165,975104.226.84$178,008
Mar 20221,7096,250108.885.08$217,803
Feb 20221,1285,56091.054.86$129,720
Jan 20221,5116,59381.844.54$153,577
Dec 20211,7016,90771.323.90$148,247
Nov 20211,4986,29377.435.24$148,946
Oct 20211,6837,03879.795.71$174,501
Sep 20211,6676,88869.865.35$153,314
Aug 20211,5186,52566.024.22$127,758
Jul 20211,9007,60070.783.98$164,746
Jun 20211,8845,55669.493.38$149,702
May 20212,0767,10563.483.02$153,225
Apr 20212,0305,02160.362.76$136,381
Mar 20212,2166,59061.302.72$153,745
Feb 20211,8364,08157.805.55$128,762
Jan 20212,4336,98150.412.81$142,266
Dec 20202,5775,83044.642.68$130,635
Nov 20202,6115,16238.772.71$115,200
Oct 20202,9707,42736.972.48$128,208
Sep 20203,8535,76837.091.99$154,392
Aug 20204,0484,87639.982.39$173,469
Jul 202055165138.371.83$22,330
Jun 202018077934.901.69$7,599
May 202037087716.921.81$7,852
Apr 202036885914.751.80$6,978
Mar 202037389430.341.86$12,976
Feb 202018782449.881.98$10,960
Jan 20205571,45257.252.09$34,930
Dec 20191,1003,34959.012.30$72,628
Nov 20191,6584,09255.302.75$102,943
Oct 20192,9847,06753.472.42$176,646
Sep 20193,2737,04555.052.66$198,899
Aug 20193,3926,16253.112.30$194,349
Jul 20191,0811,48256.272.46$64,474
Jun 20192,17012,32952.782.49$145,247
May 20193,80516,64858.482.74$268,137
Apr 20194,27716,37162.632.75$312,900
Mar 20194,42617,26056.803.06$304,249
Feb 20194,47115,63950.852.79$271,018
Jan 20194,12017,33846.033.23$245,614
Dec 20185,86121,33946.594.19$362,377
Nov 20185,71032,04152.934.24$437,996
Oct 20187,5388,31961.443.40$491,403
Sep 20188,2258,81459.543.11$517,110
Aug 201810,18038,27959.403.07$722,077
Jul 201812,01851,38665.142.93$933,510
Jun 201815,94550,24860.183.08$1,114,179
May 201821,93051,15465.382.90$1,582,171
Apr 201828,27942,70263.842.90$1,929,201
Mar 201833,06047,25961.222.79$2,155,636

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           546 bbl  × $106.41 =    $58,100
Gas                4,686 Mcf  × $  3.05 =    $14,273

────────────────────────────────────────────────────
Month total                                  $72,373

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/295474 is the state's own key, not one this site invented.