LUDIE UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 117248District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$62 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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 5,900 leases and 6,985 wells, and the rule below applies to all of them.

Discovered
1960-10-29
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 2025-09-30.

The Commission's schedule remark for this field reads: DKT OG-25-00028011: UFT FIELD, ALLOCATION FORMULA SUSPENDED

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
High Cost Gas112004-08-11151403
NGPA3none

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
CondensateDisposition55,664 bbl$1,765,804
GasProduction2,762,888 Mcf$9,755,564
Total$11,521,368

325,715 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 30.0875, -96.7243. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.08750, -96.72433 · 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
11,625 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 11,625 ft.

Completions filed
Apr 1999
1 of 1 wells

1 well

42-14931829111,625 ftApr 1999

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 (401)

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

401 months

May 202601,247106.413.05$3,798
Apr 202601,26998.932.87$3,642
Mar 202601,39389.753.15$4,387
Feb 202601,26763.503.75$4,752
Jan 202601,44059.138.00$11,517
Dec 202501,38256.664.41$6,099
Nov 202501,32258.593.93$5,191
Oct 202501,41259.383.30$4,666
Sep 202501,40562.743.08$4,323
Aug 202501,44263.933.01$4,347
Jul 202501,46166.743.32$4,844
Jun 202501,36466.483.13$4,268
May 202501,34060.553.23$4,331
Apr 202501,42962.363.54$5,063
Mar 202502,49367.704.27$10,641
Feb 20251923,61170.884.34$29,284
Jan 2025060474.324.28$2,584
Dec 2024074968.993.12$2,338
Nov 202401,68769.052.20$3,709
Oct 202401,78271.372.28$4,065
Sep 202401,76269.612.36$4,166
Aug 202401,83575.632.06$3,787
Jul 202401,48779.932.15$3,192
Jun 202401,87678.082.63$4,941
May 202402,84678.812.20$6,257
Apr 2024034884.451.66$577
Mar 202401,54680.301.55$2,389
Feb 202401,34076.091.78$2,390
Jan 202401,53973.023.30$5,075
Dec 202301,92771.262.61$5,031
Nov 20231933,57677.892.81$25,073
Oct 202324,26085.443.09$13,323
Sep 202304,03889.042.74$11,044
Aug 20231944,30280.522.67$27,120
Jul 202314,08874.852.64$10,875
Jun 20231904,34068.962.26$22,904
May 202304,35470.622.23$9,698
Apr 20231954,55078.122.24$25,415
Mar 202325,47172.852.39$13,239
Feb 20231863,77675.112.47$23,281
Jan 202302,37576.533.39$8,046
Dec 202224,62176.415.73$26,627
Nov 20221944,60585.005.65$42,491
Oct 202215,51987.185.86$32,449
Sep 20221966,37184.888.16$68,647
Aug 20221944,93794.529.13$63,398
Jul 202202,590101.587.54$19,534
Jun 202202,804115.097.98$22,368
May 202203,569109.378.43$30,098
Apr 20221944,409104.226.84$50,366
Mar 202202,356108.885.08$11,960
Feb 20221953,53191.054.86$34,911
Jan 202223,83081.844.54$17,543
Dec 20211964,47771.323.90$31,435
Nov 202113,89377.435.24$20,464
Oct 20211833,57779.795.71$35,040
Sep 202103,90269.865.35$20,879
Aug 20211944,69466.024.22$32,619
Jul 202105,94070.783.98$23,654
Jun 20211883,78269.493.38$25,850
May 202101,76863.483.02$5,335
Apr 202101,78060.362.76$4,910
Mar 202104,57561.302.72$12,430
Feb 20211903,62957.805.55$31,116
Jan 202106,02550.412.81$16,932
Dec 20201906,36044.642.68$25,498
Nov 202005,27538.772.71$14,277
Oct 202004,27536.972.48$10,595
Sep 20201886,46337.091.99$19,841
Aug 20202007,38039.982.39$25,598
Jul 20201758,04038.371.83$21,389
Jun 202008,03534.901.69$13,582
May 20201937,50516.921.81$16,885
Apr 20201917,44514.751.80$16,251
Mar 20201848,00930.341.86$20,449
Feb 20201828,48649.881.98$25,886
Jan 202008,24957.252.09$17,280
Dec 20191828,88559.012.30$31,214
Nov 201905,73155.302.75$15,764
Oct 2019035453.472.42$856
Sep 201901,20255.052.66$3,194
Aug 2019069453.112.30$1,599
Jul 201902,22556.272.46$5,474
Jun 20191761,94852.782.49$14,142
May 201901,92158.482.74$5,264
Apr 201902,09562.632.75$5,763
Mar 201902,49956.803.06$7,652
Feb 201901,53450.852.79$4,283
Jan 20191902,32246.033.23$16,242
Dec 201802,04646.594.19$8,563
Nov 201802,15352.934.24$9,123
Oct 201802,22861.443.40$7,571
Sep 201802,04759.543.11$6,362
Aug 201802,21359.403.07$6,786
Jul 201802,27565.142.93$6,670
Jun 201801,65960.183.08$5,105
May 20181882,42365.382.90$19,320
Apr 201801,80363.842.90$5,230
Mar 201802,04761.222.79$5,705
Feb 201822,14961.782.77$6,068
Jan 201802,37062.874.01$9,502
Dec 201721,78157.272.92$5,318
Nov 201722,09155.423.12$6,631
Oct 201702,55849.292.98$7,632
Sep 201703,23147.523.09$9,975
Aug 201701,56345.373.00$4,696
Jul 201702,99343.873.09$9,240
Jun 201702,23042.493.09$6,885
May 2017532,53445.373.26$10,674
Apr 201702,55547.933.21$8,206
Mar 20171942,52746.772.98$16,613
Feb 201702,73550.452.95$8,075
Jan 201701,98049.413.42$6,769
Dec 201601,61948.763.72$6,027
Nov 201601,55742.492.64$4,117
Oct 201602,37746.193.09$7,346
Sep 201602,40041.553.10$7,442
Aug 20161882,29441.442.92$14,499
Jul 201602,48741.622.92$7,273
Jun 201601,57845.352.69$4,238
May 201603,29442.521.99$6,558
Apr 201601,98636.561.99$3,954
Mar 201603,38133.011.79$6,066
Feb 201601,73826.472.06$3,587
Jan 201602,15527.352.36$5,095
Dec 20151802,13532.362.00$10,098
Nov 201502,34038.792.17$5,072
Oct 201502,27243.552.43$5,513
Sep 201502,30142.992.76$6,347
Aug 201502,22840.162.87$6,400
Jul 201502,42048.152.95$7,127
Jun 201502,22656.152.88$6,417
May 20151922,53755.212.96$18,098
Apr 201502,58649.822.71$6,999
Mar 201502,74842.892.93$8,065
Feb 201502,56244.662.98$7,625
Jan 201503,00143.433.10$9,305
Dec 20141953,18154.693.59$22,089
Nov 201403,19670.464.25$13,589
Oct 201403,34478.303.90$13,045
Sep 201403,28886.164.05$13,301
Aug 201402,61289.394.04$10,540
Jul 201403,33096.564.18$13,918
Jun 20141953,41698.164.74$35,322
May 201403,61194.734.73$17,068
Apr 201403,43695.944.81$16,524
Mar 20141893,81795.895.06$37,425
Feb 201403,89497.406.19$24,112
Jan 201407590.404.86$365
Dec 201302,00391.824.35$8,722
Nov 201303,46588.853.74$12,953
Oct 20131803,81997.423.78$31,969
Sep 201303,748104.113.72$13,934
Aug 201304,107104.253.52$14,467
Jul 201305,149102.523.72$19,143
Jun 20131923,87994.403.93$33,383
May 201303,21794.834.15$13,348
Apr 201301,50493.964.28$6,441
Mar 201303,18793.623.91$12,470
Feb 201303,00491.233.42$10,273
Jan 20131943,21391.603.42$28,759
Dec 201202,99386.773.42$10,237
Nov 201202,97586.953.62$10,784
Oct 201203,17989.383.40$10,808
Sep 201203,02994.672.92$8,840
Aug 20121883,26292.662.91$26,907
Jul 201203,44785.133.02$10,413
Jun 201203,38579.822.52$8,527
May 201204,09991.612.49$10,200
Apr 201203,614101.652.00$7,216
Mar 20121993,824105.052.22$29,402
Feb 201203,794101.102.57$9,751
Jan 201203,83598.092.73$10,485
Dec 201104,16096.873.24$13,477
Nov 20111964,24995.723.31$32,831
Oct 201104,39584.983.65$16,035
Sep 201104,64283.623.99$18,502
Aug 20111915,23083.404.15$37,630
Jul 201106,09094.144.52$27,510
Jun 20111916,15192.904.64$46,284
May 201103,35998.134.40$14,796
Apr 201101,965105.964.33$8,515
Mar 201103,00796.364.06$12,200
Feb 201102,65185.644.18$11,081
Jan 201103,12186.504.59$14,322
Dec 20101983,16485.734.35$30,731
Nov 201003,28780.843.80$12,475
Oct 201003,30078.103.51$11,579
Sep 201003,54572.633.98$14,107
Aug 201003,48773.684.42$15,410
Jul 20101953,72772.554.74$31,800
Jun 201003,54270.364.91$17,393
May 201003,97771.124.24$16,843
Apr 201003,46781.694.12$14,293
Mar 201004,09678.394.39$17,976
Feb 20101964,04073.585.44$36,409
Jan 201004,59774.365.96$27,417
Dec 200902,19871.445.48$12,053
Nov 20091952,68474.593.75$24,614
Oct 200903,73072.544.11$15,331
Sep 200903,75265.543.06$11,499
Aug 200903,72567.423.22$11,989
Jul 200904,12661.133.46$14,295
Jun 20091923,67266.163.90$27,005
May 200903,87954.743.93$15,228
Apr 200903,49046.773.59$12,520
Mar 20091963,55842.144.06$22,701
Feb 200904,17332.814.63$19,334
Jan 200904,68935.865.37$25,185
Dec 200804,66537.105.98$27,883
Nov 20081984,51855.496.86$41,982
Oct 200804,57575.246.92$31,668
Sep 200802,517101.767.88$19,827
Aug 200804,304114.228.48$36,511
Jul 200804,806131.0811.39$54,738
Jun 20081944,815131.3313.03$88,230
May 200804,244123.1711.57$49,121
Apr 200803,687110.3110.45$38,547
Mar 200801,546101.909.66$14,941
Feb 20081974,25392.538.77$55,530
Jan 200804,50190.388.21$36,934
Dec 200705,09788.337.30$37,218
Nov 20071994,61191.677.29$51,864
Oct 200705,37582.856.92$37,206
Sep 200705,45175.846.24$34,037
Aug 20071935,63969.066.39$49,350
Jul 200725,70770.906.39$36,598
Jun 200705,98962.007.55$45,208
May 20071975,68958.747.85$56,209
Apr 200726,68159.617.81$52,266
Mar 20071976,76556.927.30$60,611
Feb 200705,48755.108.22$45,081
Jan 200712,08950.306.73$14,103
Dec 20061864,67856.656.92$42,901
Nov 200615,47554.207.62$41,760
Oct 200615,82854.906.01$35,103
Sep 20061835,82760.085.04$40,346
Aug 200616,55768.717.34$48,197
Jul 200616,42269.376.34$40,803
Jun 20061785,63466.286.38$47,765
May 200616,32466.016.42$40,698
Apr 20061765,05564.397.36$48,540
Mar 200615,71356.707.08$40,521
Feb 20061845,38457.597.75$52,329
Jan 200615,65160.598.93$50,543
Dec 20051725,69754.9413.42$85,877
Nov 200505,54454.6910.59$58,702
Oct 20051675,70758.3413.80$88,475
Sep 200506,41061.4512.08$77,426
Aug 20051585,70561.519.80$65,610
Jul 200506,79255.697.84$53,274
Jun 20051806,11952.337.38$54,584
May 20051817,06045.226.65$55,142
Apr 200506,21249.207.36$45,723
Mar 20051736,88150.377.15$57,947
Feb 20051696,27045.226.31$47,218
Jan 20051836,77143.166.32$50,706
Dec 200427,84239.866.75$53,022
Nov 20041806,93245.286.33$52,033
Oct 20041766,87049.706.52$53,506
Sep 20041738,11043.245.28$50,333
Aug 20041748,37142.375.55$53,837
Jul 20041657,96738.286.08$54,789
Jun 20041747,56136.106.43$54,921
May 20041756,47437.486.49$48,605
Apr 20041766,80134.475.86$45,910
Mar 20041818,95534.365.53$55,742
Feb 20041839,20832.455.51$56,671
Jan 20041766,88432.036.30$49,004
Dec 20031817,10030.266.30$50,219
Nov 20031868,45928.804.60$44,227
Oct 20031899,33928.174.76$49,774
Sep 20031809,17426.314.75$48,306
Aug 20031869,71029.765.13$55,345
Jul 200318310,00629.415.17$57,121
Jun 20031829,16928.565.98$60,056
May 20031769,45926.595.97$61,175
Apr 20031749,66526.675.41$56,902
Mar 20031898,95731.146.10$60,488
Feb 20031789,35833.487.93$80,130
Jan 20033589,28930.315.58$62,703
Dec 20021799,81826.914.85$52,471
Nov 200217910,30024.664.14$47,025
Oct 200218410,75126.464.23$50,336
Sep 200217910,53727.443.64$43,216
Aug 200218011,88425.963.16$42,276
Jul 200217612,44424.583.06$42,427
Jun 200217312,17323.733.34$44,742
May 200235812,11324.663.58$52,241
Apr 200217711,76323.653.51$45,501
Mar 200217912,45622.003.10$42,585
Feb 200218511,50418.222.38$30,701
Jan 200235114,66617.172.38$40,868
Dec 200118314,47716.932.36$37,328
Nov 200118112,18618.072.41$32,584
Oct 200136211,53519.782.53$36,331
Sep 200117713,92124.262.25$35,635
Aug 200135015,26724.873.05$55,317
Jul 200117614,45623.933.20$50,429
Jun 200136114,47324.563.82$64,213
May 200135514,82925.524.31$72,933
Apr 200117915,42924.685.34$86,736
Mar 200136317,23624.545.38$101,576
Feb 200153822,33027.755.77$143,708
Jan 200118114,38427.478.40$125,780
Dec 200018514,42626.889.12$136,574
Nov 200036820,30332.215.66$126,728
Oct 200036021,15631.235.15$120,101
Sep 200017823,24731.875.19$126,243
Aug 200036824,55629.644.54$122,410
Jul 200035825,87928.534.09$116,052
Jun 200055426,28329.304.40$131,805
May 200035629,56927.263.68$118,511
Apr 200054229,75424.513.12$105,998
Mar 200035936,23228.422.86$113,817
Feb 200055930,84327.622.73$99,533
Jan 200055534,22825.272.48$98,927
Dec 199973237,80124.282.42$109,392
Nov 199954036,76923.192.43$102,018
Oct 19991,10642,19120.982.80$141,495
Sep 199972746,48721.752.62$137,555
Aug 19991,07458,88719.262.88$190,021
Jul 19991,81273,02817.892.37$205,666
Jun 19991,77392,86015.942.36$247,606
May 19993,640135,44515.792.32$371,846
Apr 19992,93097,15215.102.21$258,759
Mar 1999119012.471.84$1,484
Feb 1999009.981.82$0
Jan 199903510.381.90$67
Dec 199803609.201.77$638
Nov 1998014410.892.19$315
Oct 19981912,62212.421.97$7,535
Sep 199802,17312.592.08$4,526
Aug 1998082011.301.91$1,564
Jul 199802,66611.742.24$5,965
Jun 1998036911.242.24$826
May 19981792,70012.622.21$8,216
Apr 199802,23513.042.51$5,599
Mar 19981781,27112.802.31$5,214
Feb 199802,15913.952.30$4,964
Jan 199801,67614.702.15$3,611
Dec 19971833,36816.322.41$11,107
Nov 19971804,92118.193.09$18,472
Oct 1997014519.253.15$457
Sep 19971772,15517.742.95$9,508
Aug 199701,94517.862.55$4,969
Jul 199702,02417.582.25$4,548
Jun 199702,11117.242.26$4,765
May 19971792,11118.972.31$8,269
Apr 19971592,83717.882.08$8,752
Mar 19971882,46118.951.94$8,335
Feb 199703,14420.492.21$6,935
Jan 199702,18623.483.54$7,738
Dec 199602,40223.32$0
Nov 19961824,17921.97$3,999
Oct 19961793,20923.31$4,172
Sep 199603,81022.22$0
Aug 19961824,56920.26$3,687
Jul 199604,32219.55$0
Jun 19961874,13118.73$3,503
May 199604,88719.43$0
Apr 199603,24221.51$0
Mar 19961914,57819.38$3,702
Feb 19961914,64516.98$3,243
Jan 199606,18617.07$0
Dec 19951886,87317.19$3,232
Nov 19951876,58816.00$2,992
Oct 19951877,14115.43$2,885
Sep 199537310,11516.18$6,035
Aug 19950015.92$0
Jul 19951802,87815.24$2,743
Jun 199504,66216.41$0
May 19953626,69717.56$6,357
Apr 19951886,10917.73$3,333
Mar 19953766,60316.44$6,181
Feb 199505,01616.58$0
Jan 19951896,40815.92$3,009
Dec 19943645,83115.03$5,471
Nov 19942016,11015.90$3,196
Oct 19941846,44515.58$2,867
Sep 19945597,04215.29$8,547
Aug 199406,94216.13$0
Jul 19941767,19017.56$3,091
Jun 19943727,54317.09$6,357
May 19943807,97215.88$6,034
Apr 199408,27014.14$0
Mar 19943537,49012.46$4,398
Feb 19941977,39112.50$2,463
Jan 19947489,05012.66$9,470
Dec 199308,26012.33$0
Nov 19933529,13214.49$5,100
Oct 199335710,20315.85$5,658
Sep 19933629,63815.03$5,441
Aug 199332511,03715.66$5,090
Jul 199336412,47815.46$5,627
Jun 19931,09116,36716.79$18,318
May 199371317,29217.68$12,606
Apr 1993051318.05$0
Mar 19933808,69318.14$6,893
Feb 19933627,83817.90$6,480
Jan 19933747,73816.93$6,332

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             0 bbl  × $106.41 =         $0
Gas                1,247 Mcf  × $  3.05 =     $3,798

────────────────────────────────────────────────────
Month total                                   $3,798

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. 03/G/117248 is the state's own key, not one this site invented.