KEYS UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the EAGLEVILLE (EAGLE FORD-2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 11996District 02Field 27135750OilCasinghead gasSave
Value, all time
$183.4 M
Feb 2020 – May 2026
Value, last 12 filed months
$11.0 M
at the published price for each month
Months reported
76
no gaps in the span
Streams
2
oil, casinghead gas

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
OilDisposition2,589,452 bbl$166,736,060
Casinghead gasProduction4,568,384 Mcf$16,712,620
Total$183,448,680

Wells on this lease (10)

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 29.0435, -97.8273. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.8 miles.

29.04392, -97.82711 · 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 10 wells
With a plug date
0.0%
0 of 10 wells
Median depth
10,622 ft
10 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.
10100.0%

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

0k
2k
4k
6k
8k
10k
12k
15k
20k+

Total depth in feet, 10 of 10 wells. Median 10,622 ft, with the middle half between 10,616 and 10,634 ft; the shallowest is 10,598 ft and the deepest 10,690 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

20s

Last completion by decade, 10 of 10 wells, Feb 2020 – May 2022. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Feb 2020 – May 2022
10 of 10 wells

10 wells

42-2553668713H10,638 ftMay 2022
42-2553721115H10,636 ftMay 2022
42-2553722517H10,618 ftMay 2022
42-2553725619H10,690 ftMay 2022
42-255365821H10,606 ftFeb 2020
42-255365833H10,598 ftFeb 2020
42-255365845H10,617 ftFeb 2020
42-255365857H10,616 ftFeb 2020
42-255365869H10,627 ftFeb 2020
42-2553668611H10,626 ftFeb 2020

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 (76)

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

76 months

May 202610,17520,911106.413.05$1,146,413
Apr 202610,44020,75798.932.87$1,092,396
Mar 202611,43428,19289.753.15$1,114,991
Feb 202610,57420,68363.503.75$749,017
Jan 202611,81020,94759.138.00$865,858
Dec 202512,13619,79056.664.41$774,966
Nov 202512,42322,09958.593.93$814,634
Oct 202512,55622,01159.383.30$818,318
Sep 202512,28619,24362.743.08$830,033
Aug 202513,51519,97263.933.01$924,225
Jul 202514,20920,31766.743.32$1,015,664
Jun 202512,45122,13266.483.13$896,987
May 202513,17723,45360.553.23$873,675
Apr 202513,23722,64362.363.54$905,686
Mar 202513,20121,25667.704.27$984,435
Feb 202513,20917,06170.884.34$1,010,313
Jan 202515,68325,23574.324.28$1,273,533
Dec 202416,35628,81568.993.12$1,218,343
Nov 202415,63326,87669.052.20$1,138,544
Oct 202416,70127,95271.372.28$1,255,720
Sep 202416,55026,08669.612.36$1,213,722
Aug 202416,64728,38475.632.06$1,317,587
Jul 202417,68130,12879.932.15$1,477,915
Jun 202417,83532,15478.082.63$1,477,250
May 202419,26233,51578.812.20$1,591,719
Apr 202419,88739,84884.451.66$1,745,573
Mar 202421,31838,20580.301.55$1,770,867
Feb 202420,11136,87076.091.78$1,596,009
Jan 202421,94739,86673.023.30$1,734,034
Dec 202323,04544,60071.262.61$1,758,625
Nov 202323,08449,59577.892.81$1,937,254
Oct 202325,04964,61885.443.09$2,339,680
Sep 202325,57069,89489.042.74$2,467,916
Aug 202325,43664,83480.522.67$2,221,400
Jul 202326,93467,27474.852.64$2,193,734
Jun 202327,64966,33268.962.26$2,056,485
May 202330,59272,90570.622.23$2,322,796
Apr 202331,13373,27778.122.24$2,596,086
Mar 202335,34585,32072.852.39$2,779,068
Feb 202335,59680,13675.112.47$2,871,205
Jan 202343,51997,15076.533.39$3,659,626
Dec 202247,19596,24376.415.73$4,157,554
Nov 202250,11690,26485.005.65$4,769,509
Oct 202257,85391,69587.185.86$5,581,302
Sep 202261,26999,93784.888.16$6,016,366
Aug 202269,723106,62394.529.13$7,563,383
Jul 202280,639102,209101.587.54$8,962,178
Jun 202293,827116,167115.097.98$11,725,237
May 202292,363100,664109.378.43$10,950,645
Apr 20223,96814,363104.226.84$511,753
Mar 202212,32731,226108.885.08$1,500,679
Feb 202215,05037,05991.054.86$1,550,366
Jan 202216,70140,12081.844.54$1,548,862
Dec 202118,91347,43271.323.90$1,533,818
Nov 202117,96844,71277.435.24$1,625,412
Oct 202121,39351,52979.795.71$2,001,377
Sep 202121,60653,14769.865.35$1,793,781
Aug 202123,98256,63566.024.22$1,822,325
Jul 202124,37660,47270.783.98$1,966,138
Jun 202124,52962,10469.493.38$1,914,470
May 202125,48767,56763.483.02$1,821,810
Apr 202129,67965,89460.362.76$1,973,188
Mar 202133,06278,11861.302.72$2,238,943
Feb 202129,48468,60257.805.55$2,084,776
Jan 202138,67395,88550.412.81$2,218,969
Dec 202042,774105,85044.642.68$2,192,629
Nov 202045,868113,79538.772.71$2,086,296
Oct 202054,543121,05136.972.48$2,316,471
Sep 202061,912128,63437.091.99$2,552,432
Aug 202075,253149,29839.982.39$3,364,706
Jul 202076,916110,85938.371.83$3,153,598
Jun 202076,04688,76534.901.69$2,804,046
May 202093,43698,35016.921.81$1,759,418
Apr 2020103,158101,53714.751.80$1,704,792
Mar 2020145,971163,24530.341.86$4,731,780
Feb 2020117,996116,99749.881.98$6,117,373

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               10,175 bbl  × $106.41 = $1,082,722
Casinghead gas    20,911 Mcf  × $  3.05 =    $63,692

────────────────────────────────────────────────────
Month total                               $1,146,413

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/11996 is the state's own key, not one this site invented.