OPIELA

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 11512District 02Field 86950300OilCasinghead gasSaveExport
Value, all time
$150.8 M
Mar 2018 – May 2026
Value, last 12 filed months
$5.1 M
at the published price for each month
Months reported
99
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
OilDisposition2,165,130 bbl$128,163,335
Casinghead gasProduction6,999,156 Mcf$22,645,816
Total$150,809,151

Wells on this lease (7)

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 29.0250, -97.8648. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

29.02142, -97.86405 · 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 7 wells
With a plug date
0.0%
0 of 7 wells
Median depth
10,237 ft
7 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.
7100.0%

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 10,011 and 10,474 ft, median 10,237 ft, over the 7 wells that filed a depth.

Completions filed
Mar 2018 – Sep 2018
7 of 7 wells

7 wells

42-25535903108H10,237 ftSep 2018
42-25535904110H10,325 ftSep 2018
42-25535905112H10,024 ftSep 2018
42-25535907114H10,340 ftSep 2018
42-25535422104H10,474 ftMar 2018
42-25535423102H10,098 ftMar 2018
42-25535561106H10,011 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 20264,27621,552106.413.05$520,653
Apr 20264,23616,13998.932.87$465,382
Mar 20266,36529,90289.753.15$665,433
Feb 20265,37825,95863.503.75$438,854
Jan 20263,80318,17759.138.00$370,250
Dec 20255,77027,01956.664.41$446,173
Nov 20254,61027,24958.593.93$377,091
Oct 20253,63620,54459.383.30$283,800
Sep 20254,30824,47462.743.08$345,588
Aug 20254,85524,40163.933.01$383,943
Jul 20254,23223,25766.743.32$359,545
Jun 20255,54126,59666.483.13$451,577
May 20255,48225,55760.553.23$414,544
Apr 20255,87127,03962.363.54$461,918
Mar 20255,88329,48867.704.27$524,143
Feb 20256,09023,78970.884.34$534,923
Jan 20255,32223,13574.324.28$494,518
Dec 20246,33129,57768.993.12$529,096
Nov 20247,37535,98769.052.20$588,359
Oct 20246,14634,92771.372.28$518,322
Sep 20245,10928,77669.612.36$423,674
Aug 20246,04234,19875.632.06$527,528
Jul 20245,93031,56479.932.15$541,740
Jun 20246,15731,88978.082.63$564,734
May 20245,69234,76978.812.20$525,024
Apr 20245,91236,69984.451.66$560,159
Mar 20246,27429,70580.301.55$549,700
Feb 20245,78325,63476.091.78$485,750
Jan 20245,77430,79573.023.30$523,169
Dec 20236,87936,80671.262.61$586,288
Nov 20236,22635,18977.892.81$583,738
Oct 20236,22435,22085.443.09$640,513
Sep 20237,26441,92089.042.74$761,439
Aug 20236,37138,78880.522.67$616,669
Jul 20236,93744,34874.852.64$636,393
Jun 20236,24137,38468.962.26$514,810
May 20237,19536,34170.622.23$589,057
Apr 20236,84840,67878.122.24$625,993
Mar 20237,74947,17372.852.39$677,407
Feb 20237,76839,48675.112.47$680,814
Jan 20239,16048,97476.533.39$866,925
Dec 20228,27248,89476.415.73$912,181
Nov 20229,27846,92985.005.65$1,053,601
Oct 202210,94152,80687.185.86$1,263,478
Sep 20228,92645,56084.888.16$1,129,576
Aug 20228,25439,44294.529.13$1,140,162
Jul 20228,74546,041101.587.54$1,235,562
Jun 20228,81848,703115.097.98$1,403,377
May 20228,92050,281109.378.43$1,399,602
Apr 20228,72243,788104.226.84$1,208,412
Mar 20228,99945,041108.885.08$1,208,457
Feb 20227,87039,22991.054.86$907,171
Jan 20229,00448,49981.844.54$956,960
Dec 20219,81048,65971.323.90$889,376
Nov 202111,86951,89677.435.24$1,190,788
Oct 202111,63454,64979.795.71$1,240,534
Sep 202111,63852,00069.865.35$1,091,279
Aug 202112,36355,93666.024.22$1,052,288
Jul 202110,75749,88070.783.98$960,007
Jun 202111,48957,34069.493.38$992,215
May 202114,24661,70163.483.02$1,090,529
Apr 202112,14356,58660.362.76$889,039
Mar 202115,14166,32861.302.72$1,108,353
Feb 202112,37051,59957.805.55$1,001,255
Jan 202114,48662,70150.412.81$906,446
Dec 202016,54372,75344.642.68$933,127
Nov 202015,42669,73638.772.71$786,811
Oct 202016,53676,37836.972.48$800,633
Sep 202016,62275,69237.091.99$767,216
Aug 202017,57485,51239.982.39$906,563
Jul 202020,01190,69438.371.83$933,350
Jun 202019,70389,97034.901.69$839,712
May 202021,82596,50616.921.81$544,413
Apr 202020,35694,00614.751.80$469,874
Mar 202024,536105,02430.341.86$939,371
Feb 202025,25397,92749.881.98$1,453,581
Jan 202026,620104,11957.252.09$1,742,097
Dec 201927,435107,61259.012.30$1,866,916
Nov 201928,378111,51555.302.75$1,876,048
Oct 201932,146125,98153.472.42$2,023,537
Sep 201933,143131,58555.052.66$2,174,180
Aug 201938,237143,32153.112.30$2,361,030
Jul 201942,428152,93856.272.46$2,763,660
Jun 201947,498157,11652.782.49$2,898,352
May 201957,670164,70258.482.74$3,823,878
Apr 201960,148172,35962.632.75$4,241,177
Mar 201942,594208,54756.803.06$3,057,931
Feb 201964,451191,85050.852.79$3,813,021
Jan 201991,459228,55246.033.23$4,947,665
Dec 2018100,661225,74946.594.19$5,634,655
Nov 2018112,958227,16952.934.24$6,941,437
Oct 2018167,875286,41861.443.40$11,287,511
Sep 2018102,776159,74459.543.11$6,615,767
Aug 201831,52580,15259.403.07$2,118,376
Jul 201844,863117,90165.142.93$3,268,047
Jun 201853,59792,67160.183.08$3,510,609
May 201866,35099,77565.382.90$4,627,390
Apr 201882,133111,90863.842.90$5,567,993
Mar 201898,060137,68361.222.79$6,386,934

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                4,276 bbl  × $106.41 =   $455,009
Casinghead gas    21,552 Mcf  × $  3.05 =    $65,644

────────────────────────────────────────────────────
Month total                                 $520,653

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/11512 is the state's own key, not one this site invented.