WATT COLVINS 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 121427District 03Field 34733500CondensateGasSaveExport
Value, all time
$1.6 M
Jan 1993 – May 2026
Value, last 12 filed months
$63
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

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
CondensateDisposition5,273 bbl$221,729
GasProduction448,677 Mcf$1,417,255
Total$1,638,983

132,235 Mcf of this lease's gas, across 48 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 30.2896, -96.7216. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.28957, -96.72161 · 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
9,181 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 9,181 ft.

Completions filed
Sep 1985
1 of 1 wells

1 well

42-287318361 A9,181 ftSep 1985

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 202502066.483.13$63
May 20250060.553.23$0
Apr 202502462.363.54$85
Mar 202503367.704.27$141
Feb 20250070.884.34$0
Jan 202504274.324.28$180
Dec 20240068.993.12$0
Nov 202401769.052.20$37
Oct 202401071.372.28$23
Sep 202402069.612.36$47
Aug 20240075.632.06$0
Jul 20240579.932.15$11
Jun 20240078.082.63$0
May 202401378.812.20$29
Apr 202402184.451.66$35
Mar 202405380.301.55$82
Feb 202404076.091.78$71
Jan 202405473.023.30$178
Dec 202305171.262.61$133
Nov 202304977.892.81$138
Oct 202304985.443.09$151
Sep 202304089.042.74$109
Aug 202304880.522.67$128
Jul 202306774.852.64$177
Jun 202304968.962.26$111
May 202307370.622.23$163
Apr 202304978.122.24$110
Mar 202303472.852.39$81
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 20220110109.378.43$928
Apr 20221143104.226.84$1,082
Mar 20220157108.885.08$797
Feb 2022013191.054.86$637
Jan 2022015581.844.54$703
Dec 2021016571.323.90$643
Nov 202107777.435.24$403
Oct 2021014179.795.71$806
Sep 2021015069.865.35$803
Aug 202103066.024.22$127
Jul 20210070.783.98$0
Jun 20211169.493.38$73
May 2021026963.483.02$812
Apr 2021043360.362.76$1,194
Mar 2021151661.302.72$1,463
Feb 2021032757.805.55$1,814
Jan 2021047250.412.81$1,326
Dec 2020148844.642.68$1,350
Nov 2020146638.772.71$1,300
Oct 2020049036.972.48$1,214
Sep 2020047437.091.99$944
Aug 202018740439.982.39$8,440
Jul 2020047438.371.83$865
Jun 2020149934.901.69$878
May 2020047916.921.81$869
Apr 2020084914.751.80$1,532
Mar 202001,15530.341.86$2,144
Feb 2020038949.881.98$770
Jan 2020033557.252.09$702
Dec 2019025359.012.30$583
Nov 201904355.302.75$118
Oct 2019052353.472.42$1,265
Sep 2019077855.052.66$2,067
Aug 2019024453.112.30$562
Jul 2019010056.272.46$246
Jun 2019038752.782.49$964
May 2019096458.482.74$2,642
Apr 2019060162.632.75$1,653
Mar 2019019256.803.06$588
Feb 2019034550.852.79$963
Jan 2019062946.033.23$2,031
Dec 2018049746.594.19$2,080
Nov 2018057652.934.24$2,441
Oct 201818664661.443.40$13,623
Sep 2018052459.543.11$1,629
Aug 2018062659.403.07$1,920
Jul 2018062665.142.93$1,835
Jun 2018153760.183.08$1,712
May 2018071365.382.90$2,068
Apr 2018050763.842.90$1,471
Mar 2018063561.222.79$1,770
Feb 2018051761.782.77$1,430
Jan 2018045062.874.01$1,804
Dec 2017064057.272.92$1,870
Nov 2017067455.423.12$2,102
Oct 2017073849.292.98$2,202
Sep 2017039747.523.09$1,226
Aug 2017271445.373.00$2,236
Jul 2017074143.873.09$2,288
Jun 2017065442.493.09$2,019
May 2017160545.373.26$2,020
Apr 2017166547.933.21$2,184
Mar 2017062046.772.98$1,850
Feb 2017060950.452.95$1,798
Jan 2017180449.413.42$2,798
Dec 201618040148.763.72$10,270
Nov 2016077542.492.64$2,049
Oct 2016078846.193.09$2,435
Sep 2016058041.553.10$1,798
Aug 2016061941.442.92$1,810
Jul 2016063441.622.92$1,854
Jun 2016060145.352.69$1,614
May 2016059642.521.99$1,187
Apr 2016060336.561.99$1,201
Mar 2016079433.011.79$1,424
Feb 2016052426.472.06$1,081
Jan 20163468427.352.36$2,547
Dec 2015073432.362.00$1,469
Nov 2015165938.792.17$1,467
Oct 2015070243.552.43$1,703
Sep 2015063942.992.76$1,763
Aug 2015074140.162.87$2,129
Jul 2015075248.152.95$2,215
Jun 2015179156.152.88$2,336
May 2015072855.212.96$2,152
Apr 2015052749.822.71$1,426
Mar 2015164342.892.93$1,930
Feb 201517765444.662.98$9,851
Jan 2015062743.433.10$1,944
Dec 2014176654.693.59$2,806
Nov 2014067070.464.25$2,849
Oct 2014072378.303.90$2,820
Sep 2014069686.164.05$2,816
Aug 2014077089.394.04$3,107
Jul 2014076996.564.18$3,214
Jun 2014076298.164.74$3,610
May 2014078494.734.73$3,706
Apr 2014178495.944.81$3,866
Mar 2014070895.895.06$3,580
Feb 2014060597.406.19$3,746
Jan 2014064290.404.86$3,121
Dec 2013074791.824.35$3,253
Nov 2013076988.853.74$2,875
Oct 2013078397.423.78$2,959
Sep 20130727104.113.72$2,703
Aug 2013179798104.253.52$21,472
Jul 20130801102.523.72$2,978
Jun 2013076794.403.93$3,017
May 2013090294.834.15$3,742
Apr 201301,15693.964.28$4,951
Mar 2013042693.623.91$1,667
Feb 20138583891.233.42$10,620
Jan 201301,28591.603.42$4,395
Dec 2012050986.773.42$1,741
Nov 2012036786.953.62$1,330
Oct 2012085789.383.40$2,914
Sep 2012088894.672.92$2,592
Aug 2012097692.662.91$2,838
Jul 2012097385.133.02$2,939
Jun 2012096379.822.52$2,426
May 2012093391.612.49$2,322
Apr 20120998101.652.00$1,993
Mar 20121881,048105.052.22$22,078
Feb 20120836101.102.57$2,149
Jan 2012096498.092.73$2,636
Dec 2011180996.873.24$2,718
Nov 2011078695.723.31$2,603
Oct 2011086284.983.65$3,145
Sep 2011092883.623.99$3,699
Aug 201101,02783.404.15$4,261
Jul 201101,03894.144.52$4,689
Jun 201101,03392.904.64$4,793
May 2011094098.134.40$4,141
Apr 20110914105.964.33$3,961
Mar 2011098896.364.06$4,009
Feb 2011092585.644.18$3,866
Jan 201111,01886.504.59$4,758
Dec 201001,03485.734.35$4,496
Nov 201001,03280.843.80$3,917
Oct 201001,15778.103.51$4,060
Sep 20101901,20472.633.98$18,591
Aug 201001,29473.684.42$5,719
Jul 201011,20672.554.74$5,785
Jun 201011,18670.364.91$5,894
May 201001,23171.124.24$5,214
Apr 201001,24081.694.12$5,112
Mar 201001,30978.394.39$5,745
Feb 201001,27073.585.44$6,912
Jan 201001,23474.365.96$7,360
Dec 20091881,41871.445.48$21,207
Nov 200901,44574.593.75$5,421
Oct 200901,49172.544.11$6,128
Sep 200911,40765.543.06$4,378
Aug 200901,39867.423.22$4,499
Jul 200911,37061.133.46$4,808
Jun 200901,47366.163.90$5,737
May 200901,21454.743.93$4,766
Apr 200901,40746.773.59$5,048
Mar 200901,42342.144.06$5,776
Feb 20091941,27532.814.63$12,272
Jan 200911,37935.865.37$7,442
Dec 200801,32537.105.98$7,920
Nov 200801,29855.496.86$8,905
Oct 200801,34875.246.92$9,331
Sep 200801,415101.767.88$11,146
Aug 2008751,404114.228.48$20,477
Jul 200801,403131.0811.39$15,979
Jun 200811,474131.3313.03$19,341
May 200811,570123.1711.57$18,295
Apr 200811,719110.3110.45$18,082
Mar 200801,936101.909.66$18,710
Feb 20081911,99292.538.77$35,144
Jan 200801,98490.388.21$16,280
Dec 2007031288.337.30$2,278
Nov 2007060191.677.29$4,382
Oct 200711,08682.856.92$7,600
Sep 200701,48375.846.24$9,260
Aug 200711,71869.066.39$11,044
Jul 200701,62270.906.39$10,361
Jun 200701,52362.007.55$11,496
May 200711,83958.747.85$14,488
Apr 200732,19959.617.81$17,342
Mar 200732,16756.927.30$15,994
Feb 20071931,57755.108.22$23,591
Jan 200711,67350.306.73$11,304
Dec 200621,52256.656.92$10,643
Nov 200682,05654.207.62$16,095
Oct 200662,05654.906.01$12,694
Sep 200681,77060.085.04$9,396
Aug 200682,00968.717.34$15,296
Jul 200682,50969.376.34$16,469
Jun 200681,66866.286.38$11,179
May 2006514266.016.42$1,242
Apr 2006118464.397.36$1,419
Mar 200622,38156.707.08$16,978
Feb 200601,20957.597.75$9,371
Jan 20061431,36560.598.93$20,858
Dec 200511,36254.9413.42$18,327
Nov 200511,36454.6910.59$14,497
Oct 200511,35458.3413.80$18,738
Sep 200511,34361.4512.08$16,284
Aug 200501,60161.519.80$15,685
Jul 200522,64155.697.84$20,826
Jun 200511,42552.337.38$10,570
May 2005131045.226.65$2,107
Apr 2005027049.207.36$1,987
Mar 2005018950.377.15$1,352
Feb 2005067245.226.31$4,242
Jan 2005066043.166.32$4,173
Dec 2004084339.866.75$5,691
Nov 2004074145.286.33$4,691
Oct 2004075349.706.52$4,906
Sep 2004076843.245.28$4,058
Aug 2004082542.375.55$4,579
Jul 200411,03438.286.08$6,329
Jun 2004289936.106.43$5,855
May 200418091037.486.49$12,656
Apr 2004178834.475.86$4,651
Mar 200411,15434.365.53$6,416
Feb 200411,08032.455.51$5,983
Jan 200401,14932.036.30$7,238
Dec 200311,03430.266.30$6,546
Nov 200301,14028.804.60$5,238
Oct 200301,12628.174.76$5,359
Sep 200311,15526.314.75$5,512
Aug 2003075429.765.13$3,868
Jul 200301,27529.415.17$6,593
Jun 2003164528.565.98$3,888
May 2003071926.595.97$4,294
Apr 200311,00326.675.41$5,450
Mar 200311,01331.146.10$6,206
Feb 2003182733.487.93$6,588
Jan 2003183730.315.58$4,702
Dec 200217686326.914.85$8,925
Nov 200211,49524.664.14$6,209
Oct 2002057626.464.23$2,436
Sep 200221,37027.443.64$5,035
Aug 200211,53825.963.16$4,892
Jul 200211,42824.583.06$4,397
Jun 200211,32823.733.34$4,457
May 200221,48524.663.58$5,372
Apr 200221,01823.653.51$3,623
Mar 2002270922.003.10$2,244
Feb 200211,24818.222.38$2,983
Jan 200241,69217.172.38$4,088
Dec 200101,40816.932.36$3,329
Nov 2001188118.072.41$2,137
Oct 200111,26019.782.53$3,206
Sep 20011781,66924.262.25$8,076
Aug 2001026024.873.05$794
Jul 200121,89523.933.20$6,106
Jun 200111,01424.563.82$3,902
May 200101,42225.524.31$6,125
Apr 2001077524.685.34$4,135
Mar 200111,21124.545.38$6,535
Feb 200101,39727.755.77$8,057
Jan 2001666027.478.40$5,708
Dec 200021,35926.889.12$12,451
Nov 2000027232.215.66$1,539
Oct 200001,00331.235.15$5,161
Sep 200001,36531.875.19$7,080
Aug 2000091329.644.54$4,146
Jul 2000050928.534.09$2,082
Jun 200011,17129.304.40$5,178
May 200011,17127.263.68$4,336
Apr 200001,37524.513.12$4,285
Mar 200001,43128.422.86$4,092
Feb 200001,05427.622.73$2,874
Jan 200001,53125.272.48$3,798
Dec 199902,19724.282.42$5,325
Nov 199911,67023.192.43$4,088
Oct 199901,17920.982.80$3,306
Sep 1999015421.752.62$403
Aug 19991371,37519.262.88$6,593
Jul 199901,61817.892.37$3,838
Jun 199902,00515.942.36$4,736
May 199921,36515.792.32$3,200
Apr 199922,41715.102.21$5,367
Mar 199912,93212.471.84$5,402
Feb 199904849.981.82$880
Jan 199912,83710.381.90$5,401
Dec 1998952,3399.201.77$5,022
Nov 199842,57710.892.19$5,676
Oct 199831,69112.421.97$3,367
Sep 199831,72912.592.08$3,639
Aug 199822,01111.301.91$3,858
Jul 199812,94011.742.24$6,589
Jun 199801,53911.242.24$3,443
May 199812,02712.622.21$4,485
Apr 199812,97213.042.51$7,459
Mar 19981223,12512.802.31$8,779
Feb 199803,45113.952.30$7,934
Jan 199801,90714.702.15$4,109
Dec 1997601,91316.322.41$5,592
Nov 199701,24818.193.09$3,854
Oct 1997471,49019.253.15$5,598
Sep 199701,58817.742.95$4,692
Aug 199701,38417.862.55$3,536
Jul 199701,69417.582.25$3,806
Jun 199701,07017.242.26$2,415
May 199701,22218.972.31$2,821
Apr 199701,10417.882.08$2,299
Mar 199701,21918.951.94$2,364
Feb 1997931,54020.492.21$5,303
Jan 199701,90623.483.54$6,747
Dec 199601,38523.32$0
Nov 1996090221.97$0
Oct 199602,69223.31$0
Sep 1996622,13022.22$1,378
Aug 199602,69320.26$0
Jul 199602,96819.55$0
Jun 1996994,41918.73$1,854
May 199601,45219.43$0
Apr 1996992,79621.51$2,129
Mar 199604,02119.38$0
Feb 19961374,26116.98$2,326
Jan 199604,80217.07$0
Dec 19951137,55817.19$1,942
Nov 199535319,58216.00$5,648
Oct 199501,97915.43$0
Sep 199502,02516.18$0
Aug 199501,84915.92$0
Jul 199501,86215.24$0
Jun 1995671,97516.41$1,099
May 199501,93717.56$0
Apr 199501,90517.73$0
Mar 199521,78816.44$33
Feb 19951251,76316.58$2,073
Jan 199502,01415.92$0
Dec 1994721,99415.03$1,082
Nov 199401,99215.90$0
Oct 199402,23515.58$0
Sep 199401,80415.29$0
Aug 199401,97416.13$0
Jul 199402,03017.56$0
Jun 1994412,17117.09$701
May 199402,39515.88$0
Apr 1994762,30414.14$1,075
Mar 199401,24412.46$0
Feb 199401,85812.50$0
Jan 1994891,63912.66$1,127
Dec 199302,19312.33$0
Nov 199302,17314.49$0
Oct 1993882,30015.85$1,395
Sep 199302,10615.03$0
Aug 199302,62315.66$0
Jul 199302,13515.46$0
Jun 1993952,51916.79$1,595
May 199302,10017.68$0
Apr 199302,18518.05$0
Mar 19931082,69118.14$1,959
Feb 199302,12317.90$0
Jan 199302,68916.93$0

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.

Jun 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 66.48 =         $0
Gas                   20 Mcf  × $  3.13 =        $63

────────────────────────────────────────────────────
Month total                                      $63

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/121427 is the state's own key, not one this site invented.