GERDES

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 128600District 03Field 34733500CondensateGasSaveExport
Value, all time
$3.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$44 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

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
CondensateDisposition13,142 bbl$684,332
GasProduction723,657 Mcf$2,626,964
Total$3,311,296

106,760 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 30.2908, -96.7746. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.29081, -96.77455 · 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
8,423 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 8,423 ft.

Completions filed
Nov 1978
1 of 1 wells

1 well

42-2873024018,423 ftNov 1978

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 2026129098.932.87$12,762
Mar 20260089.753.15$0
Feb 202602563.503.75$94
Jan 2026021259.138.00$1,696
Dec 2025067856.664.41$2,992
Nov 2025086258.593.93$3,385
Oct 2025591,04959.383.30$6,970
Sep 202501,01862.743.08$3,132
Aug 2025091663.933.01$2,762
Jul 2025091466.743.32$3,030
Jun 20257387966.483.13$7,603
May 2025099260.553.23$3,206
Apr 202511,08162.363.54$3,892
Mar 2025601,37467.704.27$9,927
Feb 202501,56370.884.34$6,785
Jan 2025015674.324.28$667
Dec 20247352268.993.12$6,666
Nov 202401,03969.052.20$2,284
Oct 202401,11371.372.28$2,539
Sep 202401,15069.612.36$2,719
Aug 2024791,30575.632.06$8,668
Jul 202401,08079.932.15$2,318
Jun 202401,47578.082.63$3,885
May 202401,63278.812.20$3,588
Apr 202411244484.451.66$10,195
Mar 202411,70080.301.55$2,707
Feb 202401,71276.091.78$3,054
Jan 202411,54973.023.30$5,181
Dec 2023921,64371.262.61$10,845
Nov 202301,28777.892.81$3,613
Oct 202311,20085.443.09$3,790
Sep 202301,11289.042.74$3,041
Aug 20231011,13880.522.67$11,174
Jul 202301,19074.852.64$3,144
Jun 202311,15068.962.26$2,666
May 202301,17370.622.23$2,613
Apr 202301,12678.122.24$2,520
Mar 20231311,19572.852.39$12,403
Feb 202301,06975.112.47$2,636
Jan 202311,18076.533.39$4,074
Dec 2022099776.415.73$5,712
Nov 202211,02685.005.65$5,878
Oct 2022861,08787.185.86$13,871
Sep 202201,05284.888.16$8,588
Aug 202201,06594.529.13$9,720
Jul 202201,068101.587.54$8,055
Jun 20221251,093115.097.98$23,105
May 202201,141109.378.43$9,622
Apr 202201,179104.226.84$8,062
Mar 202211,230108.885.08$6,353
Feb 202201,07191.054.86$5,204
Jan 20221151,18081.844.54$14,766
Dec 202101,15471.323.90$4,500
Nov 202111,09977.435.24$5,833
Oct 2021098379.795.71$5,617
Sep 20211061,09769.865.35$13,275
Aug 202101,10766.024.22$4,672
Jul 202111,11370.783.98$4,503
Jun 202101,07669.493.38$3,638
May 202101,14863.483.02$3,464
Apr 202114892860.362.76$11,493
Mar 202101,16361.302.72$3,160
Feb 2021070857.805.55$3,928
Jan 202101,06650.412.81$2,996
Dec 202011,11644.642.68$3,030
Nov 20201611,07738.772.71$9,157
Oct 202001,08536.972.48$2,689
Sep 202011,04337.091.99$2,114
Aug 202001,10839.982.39$2,643
Jul 202001,12538.371.83$2,053
Jun 202001,07434.901.69$1,815
May 202011,09216.921.81$1,999
Apr 202012496614.751.80$3,572
Mar 202001,08730.341.86$2,018
Feb 2020099749.881.98$1,975
Jan 202001,05857.252.09$2,216
Dec 20191351,03659.012.30$10,354
Nov 201911,05155.302.75$2,946
Oct 201901,12653.472.42$2,723
Sep 201901,14155.052.66$3,032
Aug 201911,22153.112.30$2,867
Jul 20191151,28256.272.46$9,625
Jun 201901,36152.782.49$3,391
May 2019074958.482.74$2,053
Apr 201911,16562.632.75$3,267
Mar 20191661,21056.803.06$13,134
Feb 201901,07350.852.79$2,996
Jan 201901,17046.033.23$3,777
Dec 201801,22146.594.19$5,110
Nov 201801,12952.934.24$4,784
Oct 20181151,22561.443.40$11,228
Sep 201801,23459.543.11$3,835
Aug 201801,23259.403.07$3,778
Jul 201801,25565.142.93$3,680
Jun 201801,24760.183.08$3,837
May 20181031,32565.382.90$10,578
Apr 201801,29863.842.90$3,765
Mar 201801,36761.222.79$3,810
Feb 2018931,19761.782.77$9,057
Jan 201801,23662.874.01$4,956
Dec 201701,33457.272.92$3,897
Nov 20171031,28655.423.12$9,718
Oct 201701,35349.292.98$4,037
Sep 2017090247.523.09$2,785
Aug 2017099845.373.00$2,998
Jul 20171071,19243.873.09$8,374
Jun 201701,11242.493.09$3,433
May 201711,25245.373.26$4,131
Apr 201701,21447.933.21$3,899
Mar 20171071,23046.772.98$8,674
Feb 201701,09150.452.95$3,221
Jan 201711,21049.413.42$4,186
Dec 20161021,21848.763.72$9,508
Nov 201601,15842.492.64$3,062
Oct 201601,22546.193.09$3,786
Sep 2016911,17641.553.10$7,427
Aug 201601,18541.442.92$3,465
Jul 201601,22841.622.92$3,591
Jun 20161381,20145.352.69$9,484
May 201601,22742.521.99$2,443
Apr 201601,17636.561.99$2,341
Mar 201601,21533.011.79$2,180
Feb 20161001,14726.472.06$5,014
Jan 201601,20227.352.36$2,842
Dec 201501,21032.362.00$2,422
Nov 20151291,05238.792.17$7,284
Oct 201501,18743.552.43$2,880
Sep 201501,16042.992.76$3,200
Aug 201501,20540.162.87$3,461
Jul 2015801,13148.152.95$7,183
Jun 201511,16256.152.88$3,406
May 201501,23955.212.96$3,662
Apr 2015821,18149.822.71$7,282
Mar 201511,24742.892.93$3,702
Feb 20151401,18944.662.98$9,791
Jan 2015097243.433.10$3,014
Dec 201401,06454.693.59$3,821
Nov 201401,12970.464.25$4,800
Oct 2014511,24578.303.90$8,850
Sep 201401,19886.164.05$4,846
Aug 2014811,21689.394.04$12,147
Jul 201401,18996.564.18$4,970
Jun 2014751,19598.164.74$13,023
May 201401,31294.734.73$6,201
Apr 201401,31495.944.81$6,319
Mar 2014791,36895.895.06$14,493
Feb 201411,36597.406.19$8,549
Jan 2014651,45390.404.86$12,939
Dec 2013771,42291.824.35$13,262
Nov 201301,39688.853.74$5,219
Oct 2013601,47797.423.78$11,427
Sep 201301,498104.113.72$5,569
Aug 2013871,557104.253.52$14,554
Jul 201301,647102.523.72$6,123
Jun 201311,76994.403.93$7,053
May 201301,31394.834.15$5,448
Apr 20138995593.964.28$12,452
Mar 201301,19493.623.91$4,672
Feb 201311,36591.233.42$4,759
Jan 20131321,50091.603.42$17,221
Dec 201201,46986.773.42$5,024
Nov 201201,45386.953.62$5,267
Oct 2012911,58289.383.40$13,512
Sep 201201,51194.672.92$4,410
Aug 201201,57592.662.91$4,580
Jul 20121841,63885.133.02$20,612
Jun 201201,55679.822.52$3,920
May 201211,61391.612.49$4,105
Apr 2012751,599101.652.00$10,817
Mar 2012221,647105.052.22$5,971
Feb 201201,548101.102.57$3,979
Jan 20121001,66598.092.73$14,361
Dec 201101,69496.873.24$5,488
Nov 2011861,53995.723.31$13,328
Oct 201101,73184.983.65$6,316
Sep 2011311,59083.623.99$8,930
Aug 2011841,66383.404.15$13,906
Jul 201111,70794.144.52$7,805
Jun 201101,65692.904.64$7,684
May 20111001,71098.134.40$17,345
Apr 201101,734105.964.33$7,514
Mar 2011731,73796.364.06$14,082
Feb 201101,47285.644.18$6,153
Jan 2011581,77486.504.59$13,158
Dec 20101281,66885.734.35$18,225
Nov 201011,60580.843.80$6,172
Oct 201001,68878.103.51$5,923
Sep 201001,69372.633.98$6,737
Aug 2010971,78873.684.42$15,049
Jul 2010391,80172.554.74$11,360
Jun 201001,78570.364.91$8,765
May 2010591,98671.124.24$12,607
Apr 20106870681.694.12$8,466
Mar 201001,39878.394.39$6,135
Feb 201001,45173.585.44$7,897
Jan 20101281,53174.365.96$18,649
Dec 200901,68071.445.48$9,213
Nov 2009881,55774.593.75$12,405
Oct 200901,81672.544.11$7,464
Sep 2009991,57965.543.06$11,328
Aug 200901,68267.423.22$5,414
Jul 200901,78661.133.46$6,188
Jun 2009861,75066.163.90$12,506
May 200901,66454.743.93$6,532
Apr 200901,28746.773.59$4,617
Mar 2009981,38142.144.06$9,735
Feb 200901,50432.814.63$6,968
Jan 2009961,67335.865.37$12,428
Dec 200801,72637.105.98$10,317
Nov 2008981,82155.496.86$17,931
Oct 200802,06675.246.92$14,301
Sep 20081211,252101.767.88$22,175
Aug 200801,980114.228.48$16,796
Jul 200801,961131.0811.39$22,335
Jun 20081051,856131.3313.03$37,978
May 200811,877123.1711.57$21,848
Apr 20081681,778110.3110.45$37,121
Mar 200801,917101.909.66$18,526
Feb 200801,78292.538.77$15,629
Jan 2008891,94490.388.21$23,996
Dec 2007911,96888.337.30$22,408
Nov 200701,97391.677.29$14,387
Oct 20071912,07882.856.92$30,208
Sep 200701,73875.846.24$10,852
Aug 200702,20869.066.39$14,105
Jul 200702,27670.906.39$14,539
Jun 200702,28762.007.55$17,263
May 20071962,32758.747.85$29,771
Apr 200702,25359.617.81$17,585
Mar 200702,49356.927.30$18,204
Feb 20071912,27455.108.22$29,207
Jan 200702,43050.306.73$16,346
Dec 200602,58456.656.92$17,877
Nov 200602,53254.207.62$19,287
Oct 20061882,43054.906.01$24,935
Sep 200602,48460.085.04$12,512
Aug 200602,59668.717.34$19,054
Jul 200602,89869.376.34$18,381
Jun 20061903,04166.286.38$32,007
May 200603,49166.016.42$22,430
Apr 200603,01764.397.36$22,207
Mar 2006090556.707.08$6,410
Feb 2006076957.597.75$5,961
Jan 200601,01460.598.93$9,058
Dec 200501,26754.9413.42$16,997
Nov 200501,46254.6910.59$15,480
Oct 200501,61658.3413.80$22,294
Sep 200501,51161.4512.08$18,251
Aug 200501,62461.519.80$15,910
Jul 200501,87455.697.84$14,699
Jun 200501,79152.337.38$13,219
May 200501,98645.226.65$13,209
Apr 200502,13649.207.36$15,722
Mar 200502,03250.377.15$14,539
Feb 200501,23745.226.31$7,808
Jan 2005093243.166.32$5,892
Dec 200402,17839.866.75$14,704
Nov 200401,97445.286.33$12,496
Oct 200401,31649.706.52$8,574
Sep 20040043.245.28$0
Aug 200402,54342.375.55$14,115
Jul 200402,35138.286.08$14,304
Jun 20041882,19636.106.43$20,914
May 200402,23037.486.49$14,483
Apr 200402,16534.475.86$12,684
Mar 20041912,23334.365.53$18,912
Feb 200402,11032.455.51$11,625
Jan 200402,31432.036.30$14,577
Dec 200302,28930.266.30$14,424
Nov 200302,32328.804.60$10,675
Oct 20031942,43228.174.76$17,040
Sep 200302,53426.314.75$12,035
Aug 200302,39529.765.13$12,286
Jul 200312,56829.415.17$13,308
Jun 200302,37728.565.98$14,222
May 200302,81026.595.97$16,783
Apr 20031972,46626.675.41$18,588
Mar 200302,21831.146.10$13,521
Feb 200302,14133.487.93$16,969
Jan 20031952,57930.315.58$20,307
Dec 200202,60226.914.85$12,629
Nov 200202,53624.664.14$10,491
Oct 200202,76326.464.23$11,685
Sep 200202,83427.443.64$10,302
Aug 200202,99325.963.16$9,470
Jul 20021922,98724.583.06$13,865
Jun 200202,97323.733.34$9,925
May 200203,31224.663.58$11,870
Apr 200203,39423.653.51$11,921
Mar 20021933,39922.003.10$14,792
Feb 200211,97318.222.38$4,705
Jan 200202,69717.172.38$6,407
Dec 200102,69916.932.36$6,382
Nov 20011902,74218.072.41$10,029
Oct 200102,79019.782.53$7,056
Sep 200102,63924.262.25$5,941
Aug 200102,55724.873.05$7,807
Jul 200102,93723.933.20$9,390
Jun 20011932,48724.563.82$14,251
May 200102,62825.524.31$11,320
Apr 200102,72624.685.34$14,544
Mar 200102,74724.545.38$14,769
Feb 200102,59727.755.77$14,977
Jan 20011922,74427.478.40$28,320
Dec 200002,90826.889.12$26,528
Nov 200002,24432.215.66$12,697
Oct 200002,95031.235.15$15,179
Sep 200002,75631.875.19$14,294
Aug 20001862,80729.644.54$18,259
Jul 200002,46528.534.09$10,081
Jun 200002,65429.304.40$11,670
May 200002,66827.263.68$9,818
Apr 200002,77224.513.12$8,638
Mar 200002,91928.422.86$8,348
Feb 20001922,64727.622.73$12,520
Jan 200002,84425.272.48$7,055
Dec 199902,89824.282.42$7,024
Nov 199902,84723.192.43$6,930
Oct 199903,01120.982.80$8,442
Sep 19991883,21721.752.62$12,514
Aug 199902,86619.262.88$8,241
Jul 199902,98117.892.37$7,072
Jun 199902,90915.942.36$6,871
May 199902,83515.792.32$6,580
Apr 199903,20515.102.21$7,077
Mar 19991913,24212.471.84$8,342
Feb 199902,6289.981.82$4,777
Jan 199903,12710.381.90$5,941
Dec 199803,0469.201.77$5,402
Nov 199802,86610.892.19$6,264
Oct 19981843,29312.421.97$8,770
Sep 199803,09312.592.08$6,442
Aug 199803,30611.301.91$6,306
Jul 199803,31211.742.24$7,410
Jun 199803,31411.242.24$7,414
May 199803,37712.622.21$7,451
Apr 19981713,18713.042.51$10,214
Mar 199803,23912.802.31$7,480
Feb 199802,81113.952.30$6,463
Jan 19981793,25514.702.15$9,645
Dec 199703,20616.322.41$7,730
Nov 199702,91618.193.09$9,005
Oct 199703,05419.253.15$9,620
Sep 199703,22617.742.95$9,532
Aug 19971703,44617.862.55$11,840
Jul 199702,70017.582.25$6,067
Jun 199702,72417.242.26$6,149
May 199702,72418.972.31$6,288
Apr 199702,72017.882.08$5,665
Mar 19971842,97718.951.94$9,260
Feb 199702,75520.492.21$6,077
Jan 199702,91523.483.54$10,318
Dec 19961772,22023.32$4,128
Nov 199602,70221.97$0
Oct 199602,69723.31$0
Sep 199602,72122.22$0
Aug 199602,87420.26$0
Jul 19961643,08519.55$3,206
Jun 199602,81718.73$0
May 199602,92519.43$0
Apr 199602,40521.51$0
Mar 19961712,91819.38$3,314
Feb 199602,45416.98$0
Jan 199602,73317.07$0
Dec 199502,81317.19$0
Nov 199502,59816.00$0
Oct 199502,94515.43$0
Sep 199501,25216.18$0
Aug 199501,04215.92$0
Jul 19952141,52015.24$3,261
Jun 199502,20616.41$0
May 199502,26417.56$0
Apr 199503,03517.73$0
Mar 19952323,17116.44$3,814
Feb 199503,01816.58$0
Jan 199503,37615.92$0
Dec 199403,32715.03$0
Nov 19942092,96615.90$3,323
Oct 199403,35215.58$0
Sep 199402,97915.29$0
Aug 199403,06516.13$0
Jul 199403,00417.56$0
Jun 199402,98017.09$0
May 199403,25015.88$0
Apr 199402,86014.14$0
Mar 19942421,66512.46$3,015
Feb 1994076112.50$0
Jan 1994098612.66$0
Dec 1993087812.33$0
Nov 1993080314.49$0
Oct 1993098115.85$0
Sep 199301,09415.03$0
Aug 199301,28815.66$0
Jul 199301,44315.46$0
Jun 199301,68916.79$0
May 199301,52117.68$0
Apr 199301,02718.05$0
Mar 1993096418.14$0
Feb 199314098617.90$2,506
Jan 199301,10016.93$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.

Apr 2026 — as filed, then multipliedworked
Condensate           129 bbl  × $ 98.93 =    $12,762
Gas                    0 Mcf  × $  2.87 =         $0

────────────────────────────────────────────────────
Month total                                  $12,762

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/128600 is the state's own key, not one this site invented.