PUNCHARD 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 121609District 03Field 34733500NGPA filingCondensateGasSaveExport
Value, all time
$3.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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
NGPA1none

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
CondensateDisposition16,565 bbl$499,307
GasProduction1,039,451 Mcf$2,629,989
Total$3,129,296

374,695 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 30.2466, -96.7823. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.24663, -96.78229 · 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
10,087 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 10,087 ft.

Completions filed
May 1996
1 of 1 wells

1 well

42-28731883110,087 ftMay 1996

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 20250066.483.13$0
May 20251060.553.23$61
Apr 20250062.363.54$0
Mar 20251067.704.27$68
Feb 20250070.884.34$0
Jan 20251074.324.28$74
Dec 20240068.993.12$0
Nov 20241069.052.20$69
Oct 20242071.372.28$143
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20241080.301.55$80
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20231085.443.09$85
Sep 20233089.042.74$267
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220776.415.73$40
Nov 202202585.005.65$141
Oct 20220087.185.86$0
Sep 202202284.888.16$180
Aug 202202194.529.13$192
Jul 2022041101.587.54$309
Jun 20220302115.097.98$2,409
May 2022182676109.378.43$25,606
Apr 20220552104.226.84$3,774
Mar 20220623108.885.08$3,163
Feb 2022057791.054.86$2,804
Jan 2022062081.844.54$2,813
Dec 2021055571.323.90$2,164
Nov 2021064877.435.24$3,393
Oct 2021063079.795.71$3,600
Sep 2021961369.865.35$3,909
Aug 2021061866.024.22$2,608
Jul 2021059070.783.98$2,349
Jun 2021074869.493.38$2,529
May 2021051363.483.02$1,548
Apr 2021069260.362.76$1,909
Mar 2021051961.302.72$1,410
Feb 2021067157.805.55$3,723
Jan 2021074050.412.81$2,080
Dec 2020044044.642.68$1,177
Nov 2020068338.772.71$1,849
Oct 2020071736.972.48$1,777
Sep 2020059237.091.99$1,179
Aug 2020070639.982.39$1,684
Jul 2020058238.371.83$1,062
Jun 2020078234.901.69$1,322
May 2020053216.921.81$965
Apr 202014974514.751.80$3,542
Mar 2020062230.341.86$1,155
Feb 2020059449.881.98$1,177
Jan 2020062857.252.09$1,316
Dec 2019071059.012.30$1,636
Nov 2019061055.302.75$1,678
Oct 2019065453.472.42$1,582
Sep 2019071055.052.66$1,887
Aug 2019067553.112.30$1,555
Jul 2019064156.272.46$1,577
Jun 2019061552.782.49$1,532
May 2019067858.482.74$1,858
Apr 2019071362.632.75$1,961
Mar 2019072656.803.06$2,223
Feb 2019065050.852.79$1,815
Jan 2019070246.033.23$2,266
Dec 2018065246.594.19$2,729
Nov 201817454952.934.24$11,536
Oct 2018074861.443.40$2,542
Sep 2018076359.543.11$2,371
Aug 2018068659.403.07$2,104
Jul 2018066765.142.93$1,956
Jun 2018080660.183.08$2,480
May 2018081465.382.90$2,361
Apr 2018071363.842.90$2,068
Mar 2018075961.222.79$2,115
Feb 2018068561.782.77$1,895
Jan 2018075262.874.01$3,015
Dec 2017079357.272.92$2,317
Nov 2017073555.423.12$2,292
Oct 2017072249.292.98$2,154
Sep 2017090047.523.09$2,779
Aug 2017068745.373.00$2,064
Jul 2017060743.873.09$1,874
Jun 2017076142.493.09$2,349
May 2017065745.373.26$2,144
Apr 201710367047.933.21$7,089
Mar 2017075946.772.98$2,265
Feb 2017059850.452.95$1,766
Jan 2017163049.413.42$2,203
Dec 2016079148.763.72$2,945
Nov 2016070842.492.64$1,872
Oct 2016045246.193.09$1,397
Sep 2016051741.553.10$1,603
Aug 2016051741.442.92$1,512
Jul 2016066941.622.92$1,956
Jun 2016065945.352.69$1,770
May 201617563342.521.99$8,701
Apr 2016066036.561.99$1,314
Mar 2016068833.011.79$1,234
Feb 2016065826.472.06$1,358
Jan 2016068727.352.36$1,624
Dec 2015069432.362.00$1,389
Nov 2015071538.792.17$1,550
Oct 2015076443.552.43$1,854
Sep 2015070042.992.76$1,931
Aug 2015075440.162.87$2,166
Jul 2015076448.152.95$2,250
Jun 2015174256.152.88$2,195
May 2015077355.212.96$2,285
Apr 2015073149.822.71$1,979
Mar 201517873842.892.93$9,800
Feb 2015071744.662.98$2,134
Jan 2015075143.433.10$2,329
Dec 2014076554.693.59$2,747
Nov 2014074870.464.25$3,180
Oct 2014081578.303.90$3,179
Sep 2014078786.164.05$3,184
Aug 2014078689.394.04$3,172
Jul 2014083696.564.18$3,494
Jun 2014081298.164.74$3,846
May 2014081594.734.73$3,852
Apr 2014086195.944.81$4,141
Mar 2014087295.895.06$4,410
Feb 2014080297.406.19$4,966
Jan 201418686690.404.86$21,024
Dec 2013087091.824.35$3,788
Nov 2013082888.853.74$3,095
Oct 2013094197.423.78$3,556
Sep 20130922104.113.72$3,428
Aug 20130956104.253.52$3,368
Jul 20130962102.523.72$3,576
Jun 2013083694.403.93$3,288
May 201301,26094.834.15$5,228
Apr 2013159993.964.28$2,659
Mar 2013093493.623.91$3,655
Feb 2013082491.233.42$2,818
Jan 201301,01391.603.42$3,464
Dec 201217896386.773.42$18,739
Nov 2012095986.953.62$3,476
Oct 201201,03089.383.40$3,502
Sep 2012086694.672.92$2,527
Aug 201201,06192.662.91$3,086
Jul 201201,06185.133.02$3,205
Jun 201201,03379.822.52$2,602
May 201201,09591.612.49$2,725
Apr 20120995101.652.00$1,987
Mar 201201,137105.052.22$2,527
Feb 20120930101.102.57$2,390
Jan 20121831,14298.092.73$21,073
Dec 201101,17996.873.24$3,820
Nov 201101,34795.723.31$4,460
Oct 201101,56184.983.65$5,695
Sep 201101,04183.623.99$4,149
Aug 201101,20983.404.15$5,017
Jul 2011079294.144.52$3,578
Jun 2011087892.904.64$4,074
May 2011084898.134.40$3,735
Apr 20110849105.964.33$3,679
Mar 201101,00796.364.06$4,086
Feb 20111911,70085.644.18$23,463
Jan 201111,90586.504.59$8,828
Dec 201001,18585.734.35$5,152
Nov 201001,20480.843.80$4,570
Oct 2010095678.103.51$3,355
Sep 2010094272.633.98$3,749
Aug 201001,04873.684.42$4,631
Jul 2010075472.554.74$3,571
Jun 201001,74870.364.91$8,583
May 201001,04571.124.24$4,426
Apr 201001,24381.694.12$5,125
Mar 201018480678.394.39$17,961
Feb 2010079473.585.44$4,321
Jan 201011,06874.365.96$6,444
Dec 2009088971.445.48$4,875
Nov 2009087874.593.75$3,294
Oct 2009071472.544.11$2,935
Sep 200901,26165.543.06$3,865
Aug 200901,24867.423.22$4,017
Jul 200901,32361.133.46$4,584
Jun 200901,31066.163.90$5,102
May 200901,41654.743.93$5,559
Apr 20091891,29146.773.59$13,471
Mar 200901,48142.144.06$6,011
Feb 200901,28832.814.63$5,967
Jan 200901,54235.865.37$8,282
Dec 200801,73137.105.98$10,346
Nov 200801,66555.496.86$11,423
Oct 200801,94775.246.92$13,477
Sep 20081751,954101.767.88$33,200
Aug 200801,630114.228.48$13,827
Jul 200801,065131.0811.39$12,130
Jun 20080892131.3313.03$11,625
May 200801,523123.1711.57$17,628
Apr 200801,406110.3110.45$14,700
Mar 200801,600101.909.66$15,463
Feb 200801,40092.538.77$12,279
Jan 200801,64190.388.21$13,466
Dec 200701,56988.337.30$11,457
Nov 20071901,53791.677.29$28,625
Oct 200701,57082.856.92$10,868
Sep 200701,37475.846.24$8,579
Aug 200702,02869.066.39$12,955
Jul 200701,36370.906.39$8,707
Jun 200701,73162.007.55$13,066
May 200701,90358.747.85$14,931
Apr 200702,06759.617.81$16,133
Mar 20071832,21156.927.30$26,561
Feb 200701,29555.108.22$10,640
Jan 200701,49250.306.73$10,036
Dec 200601,08656.656.92$7,513
Nov 200601,37754.207.62$10,489
Oct 200601,39954.906.01$8,413
Sep 200601,25960.085.04$6,342
Aug 200601,88668.717.34$13,843
Jul 20061761,12069.376.34$19,313
Jun 200601,49466.286.38$9,538
May 200601,95166.016.42$12,535
Apr 200601,90864.397.36$14,044
Mar 200601,96356.707.08$13,904
Feb 200601,73657.597.75$13,456
Jan 20061872,06260.598.93$29,751
Dec 200501,95654.9413.42$26,241
Nov 200501,94954.6910.59$20,637
Oct 200502,11958.3413.80$29,233
Sep 200502,00961.4512.08$24,267
Aug 200502,21461.519.80$21,690
Jul 200502,03255.697.84$15,938
Jun 20051832,53152.337.38$28,258
May 200505,42045.226.65$36,049
Apr 200503,69449.207.36$27,190
Mar 200502,40050.377.15$17,172
Feb 20051744,07045.226.31$33,558
Jan 200502,86043.166.32$18,081
Dec 200402,93239.866.75$19,794
Nov 200401,92145.286.33$12,161
Oct 200402,78949.706.52$18,171
Sep 20041732,29443.245.28$19,602
Aug 200402,58142.375.55$14,326
Jul 200402,70338.286.08$16,446
Jun 200402,92936.106.43$18,842
May 20041363,55137.486.49$28,160
Apr 200402,12934.475.86$12,473
Mar 200402,07134.365.53$11,453
Feb 20041902,16032.455.51$18,066
Jan 200402,76232.036.30$17,400
Dec 200302,95230.266.30$18,602
Nov 200302,79728.804.60$12,853
Oct 200302,68428.174.76$12,775
Sep 20031933,43726.314.75$21,401
Aug 200302,88129.765.13$14,779
Jul 200302,99629.415.17$15,492
Jun 200304,40928.565.98$26,379
May 20031742,94826.595.97$22,234
Apr 200301,27726.675.41$6,905
Mar 200301,33331.146.10$8,126
Feb 200319151733.487.93$10,492
Jan 200301,02730.315.58$5,733
Dec 200202,48626.914.85$12,066
Nov 200202,17524.664.14$8,998
Oct 200202,34426.464.23$9,913
Sep 200203,19027.443.64$11,596
Aug 200204,29325.963.16$13,584
Jul 20021935,26524.583.06$20,864
Jun 200202,62023.733.34$8,746
May 200202,30024.663.58$8,243
Apr 200202,12523.653.51$7,464
Mar 20021802,18722.003.10$10,746
Feb 200202,16218.222.38$5,136
Jan 200203,60317.172.38$8,560
Dec 200101,71016.932.36$4,043
Nov 200101,08318.072.41$2,605
Oct 200103,15819.782.53$7,986
Sep 20011883,27024.262.25$11,923
Aug 200103,17824.873.05$9,703
Jul 200102,76323.933.20$8,834
Jun 200102,72624.563.82$10,425
May 200103,17225.524.31$13,663
Apr 20011832,86924.685.34$19,823
Mar 200102,84024.545.38$15,269
Feb 200102,79627.755.77$16,125
Jan 200163,37327.478.40$28,494
Dec 200002,75826.889.12$25,160
Nov 20001812,64032.215.66$20,767
Oct 200003,39631.235.15$17,474
Sep 200003,29731.875.19$17,100
Aug 200003,66329.644.54$16,633
Jul 200003,45028.534.09$14,110
Jun 20001833,75429.304.40$21,869
May 200004,06827.263.68$14,969
Apr 200003,62624.513.12$11,299
Mar 200003,87128.422.86$11,070
Feb 20001843,64427.622.73$15,017
Jan 200004,09625.272.48$10,160
Dec 199903,89424.282.42$9,438
Nov 199914,02623.192.43$9,822
Oct 19991844,50720.982.80$16,497
Sep 199915,02421.752.62$13,179
Aug 199925,11819.262.88$14,756
Jul 19991895,46617.892.37$16,349
Jun 199924,96515.942.36$11,760
May 199903,55815.792.32$8,258
Apr 199903,91915.102.21$8,653
Mar 19991744,45512.471.84$10,360
Feb 199904,9529.981.82$9,002
Jan 19991796,42810.381.90$14,071
Dec 199805,1469.201.77$9,126
Nov 199806,01410.892.19$13,145
Oct 19982745,92912.421.97$15,079
Sep 199806,23312.592.08$12,981
Aug 199806,35511.301.91$12,121
Jul 199806,67111.742.24$14,925
Jun 1998797,46911.242.24$17,598
May 19981646,59312.622.21$16,616
Apr 199805,66513.042.51$14,193
Mar 19981138,65912.802.31$21,444
Feb 19981826,85213.952.30$18,293
Jan 199806,97614.702.15$15,032
Dec 19971818,19316.322.41$22,708
Nov 199707,57618.193.09$23,397
Oct 19971648,50019.253.15$29,930
Sep 19971808,30817.742.95$27,742
Aug 199708,93817.862.55$22,834
Jul 199717710,06117.582.25$25,718
Jun 1997010,67017.242.26$24,084
May 199717014,81718.972.31$37,430
Apr 199715510,88517.882.08$25,442
Mar 199719616,69318.951.94$36,084
Feb 199718913,07620.492.21$32,717
Jan 199737216,00823.483.54$65,398
Dec 199618120,00623.32$4,221
Nov 199619722,72621.97$4,328
Oct 199636427,00923.31$8,485
Sep 199639033,26122.22$8,666
Aug 199657442,35620.26$11,629
Jul 199676756,82819.55$14,995
Jun 19962,25186,92018.73$42,161
May 19961,33338,99319.43$25,900
Apr 1996036821.51$0
Mar 19966543319.38$1,260
Feb 1996047816.98$0
Jan 1996066817.07$0
Dec 1995066917.19$0
Nov 19956871216.00$1,088
Oct 1995069415.43$0
Sep 1995052716.18$0
Aug 1995060515.92$0
Jul 19956061615.24$914
Jun 1995040616.41$0
May 1995073517.56$0
Apr 19954579517.73$798
Mar 1995064816.44$0
Feb 1995541,08816.58$895
Jan 199501,29115.92$0
Dec 19943864615.03$571
Nov 1994059515.90$0
Oct 19942596415.58$390
Sep 1994441,09515.29$673
Aug 199401,12316.13$0
Jul 1994751,22217.56$1,317
Jun 1994049217.09$0
May 1994024915.88$0
Apr 19946970814.14$976
Mar 1994077312.46$0
Feb 199401,24812.50$0
Jan 1994841,60912.66$1,063
Dec 199301,52912.33$0
Nov 19931241,08014.49$1,797
Oct 199301,70215.85$0
Sep 19931811,63815.03$2,720
Aug 199301,80615.66$0
Jul 199302,29915.46$0
Jun 19931022,24016.79$1,713
May 19931742,53017.68$3,076
Apr 199302,48418.05$0
Mar 1993642,72618.14$1,161
Feb 19931882,44417.90$3,365
Jan 199302,66116.93$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.

May 2025 — as filed, then multipliedworked
Condensate             1 bbl  × $ 60.55 =        $61
Gas                    0 Mcf  × $  3.23 =         $0

────────────────────────────────────────────────────
Month total                                      $61

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/121609 is the state's own key, not one this site invented.