CHEVELLE 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.

Oil lease lease 11508District 02Field 86950300OilCasinghead gasSaveExport
Value, all time
$100.4 M
Feb 2018 – May 2026
Value, last 12 filed months
$3.8 M
at the published price for each month
Months reported
100
no gaps in the span
Streams
2
oil, casinghead gas

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.

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
OilDisposition1,488,633 bbl$80,168,837
Casinghead gasProduction5,995,102 Mcf$20,227,643
Total$100,396,480

Wells on this lease (6)

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 28.9830, -97.9286. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

28.98273, -97.92801 · 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 6 wells
With a plug date
0.0%
0 of 6 wells
Median depth
10,262 ft
6 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.
6100.0%

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

Between 10,185 and 10,424 ft, median 10,262 ft, over the 6 wells that filed a depth.

Completions filed
Feb 2018 – Jan 2020
6 of 6 wells

6 wells

42-25536222103H10,263 ftJan 2020
42-25536224105H10,185 ftJan 2020
42-25536223104H10,249 ftJan 2020
42-25536225106H10,260 ftJan 2020
42-25535655101H10,424 ftFeb 2018
42-25535658102H10,397 ftFeb 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 (100)

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

100 months

May 20262,72822,242106.413.05$358,032
Apr 20263,06919,47798.932.87$359,510
Mar 20263,42722,52989.753.15$378,527
Feb 20263,39520,94863.503.75$294,144
Jan 20263,14625,41759.138.00$389,306
Dec 20253,53224,45356.664.41$308,043
Nov 20253,23421,96858.593.93$275,736
Oct 20252,98123,73859.383.30$255,462
Sep 20253,50823,21362.743.08$291,516
Aug 20253,55226,40563.933.01$306,684
Jul 20253,73223,50266.743.32$326,988
Jun 20253,39418,76066.483.13$284,328
May 20253,56317,72360.553.23$273,026
Apr 20253,78215,75562.363.54$291,667
Mar 20253,80121,46767.704.27$348,956
Feb 20253,66129,28070.884.34$386,591
Jan 20253,90021,41874.324.28$381,489
Dec 20243,80024,92068.993.12$339,947
Nov 20243,73124,76869.052.20$312,077
Oct 20243,82927,97771.372.28$337,102
Sep 20243,78225,66069.612.36$323,935
Aug 20243,40921,64975.632.06$302,498
Jul 20244,29331,20379.932.15$410,120
Jun 20243,73725,41578.082.63$358,728
May 20243,74332,80978.812.20$367,114
Apr 20244,26333,40584.451.66$415,436
Mar 20243,93224,50680.301.55$353,605
Feb 20244,41728,27776.091.78$386,526
Jan 20244,48132,40373.023.30$434,057
Dec 20234,24828,34571.262.61$376,713
Nov 20234,59829,59277.892.81$441,220
Oct 20234,77526,81485.443.09$490,758
Sep 20234,63430,06389.042.74$494,835
Aug 20234,70134,63580.522.67$471,100
Jul 20235,03335,88774.852.64$471,526
Jun 20234,21636,11168.962.26$372,291
May 20234,97335,96270.622.23$431,295
Apr 20235,20441,04578.122.24$498,385
Mar 20236,15548,20572.852.39$563,754
Feb 20235,77248,02075.112.47$551,937
Jan 20236,26649,56876.533.39$647,459
Dec 20226,05145,09776.415.73$720,721
Nov 20226,26351,32385.005.65$822,135
Oct 20226,51555,97687.185.86$896,208
Sep 20226,63669,74984.888.16$1,132,672
Aug 20227,03763,98994.529.13$1,249,175
Jul 20226,87961,871101.587.54$1,165,405
Jun 20227,58260,821115.097.98$1,357,794
May 20227,42858,866109.378.43$1,308,820
Apr 20226,93358,168104.226.84$1,120,287
Mar 20229,41174,098108.885.08$1,400,821
Feb 20229,33967,74191.054.86$1,179,459
Jan 202210,83681,09781.844.54$1,254,810
Dec 202111,26289,54571.323.90$1,152,353
Nov 202111,39989,60477.435.24$1,351,867
Oct 202112,48496,51879.795.71$1,547,590
Sep 202113,02190,65469.865.35$1,394,729
Aug 202111,43079,46666.024.22$1,090,002
Jul 202114,277110,67470.783.98$1,451,239
Jun 202115,098105,50269.493.38$1,405,822
May 202117,546102,28863.483.02$1,422,492
Apr 202115,94076,31960.362.76$1,172,658
Mar 202115,90884,15161.302.72$1,203,794
Feb 202113,12663,74557.805.55$1,112,337
Jan 202121,100111,01950.412.81$1,375,644
Dec 202024,289125,56644.642.68$1,420,208
Nov 202025,325127,84938.772.71$1,327,883
Oct 202030,029141,57336.972.48$1,461,051
Sep 202031,381131,72037.091.99$1,426,181
Aug 202037,331151,44639.982.39$1,853,707
Jul 202044,942159,00138.371.83$2,014,620
Jun 202051,428158,96734.901.69$2,063,541
May 202061,206152,99116.921.81$1,313,246
Apr 202074,062145,90914.751.80$1,355,690
Mar 202098,363155,99330.341.86$3,273,892
Feb 2020111,734167,24449.881.98$5,904,547
Jan 202025,18233,93257.252.09$1,512,748
Dec 20192,28611,42659.012.30$161,226
Nov 20196,08835,17755.302.75$433,428
Oct 20196,93638,80353.472.42$464,715
Sep 20196,94638,95555.052.66$485,892
Aug 20195,86833,87553.112.30$389,710
Jul 20197,54545,94556.272.46$537,585
Jun 20198,06845,96552.782.49$540,337
May 20198,81051,36058.482.74$655,952
Apr 20199,55751,44862.632.75$740,073
Mar 201911,05559,97156.803.06$811,561
Feb 201910,45760,25050.852.79$699,970
Jan 201912,46975,05646.033.23$816,242
Dec 201814,98574,68946.594.19$1,010,757
Nov 201821,70373,68852.934.24$1,460,974
Oct 201820,20567,70161.443.40$1,471,449
Sep 20189,95626,32759.543.11$674,605
Aug 201823,37278,22359.403.07$1,628,172
Jul 201822,84564,87665.142.93$1,678,332
Jun 201837,09388,99060.183.08$2,506,072
May 201848,90591,86965.382.90$3,463,903
Apr 201864,36799,35063.842.90$4,397,384
Mar 201880,967119,96361.222.79$5,291,117
Feb 20182,9805,18961.782.77$198,458

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
Oil                2,728 bbl  × $106.41 =   $290,286
Casinghead gas    22,242 Mcf  × $  3.05 =    $67,746

────────────────────────────────────────────────────
Month total                                 $358,032

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/O/11508 is the state's own key, not one this site invented.