LOMETA

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

Gas lease lease 146240District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.9 M
Jun 1993 – Oct 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
353
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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
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 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

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 Gas331994-10-19 – 2004-01-123 dockets
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
CondensateDisposition150,022 bbl$3,264,413
GasProduction1,742,295 Mcf$2,622,650
Total$5,887,063

1,232,724 Mcf of this lease's gas, across 43 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 30.5081, -96.2052. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.50814, -96.20520 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
11,614 ft
1 wells filed one
Completion to plug
22.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 11,614 ft.

Completions filed
Jan 2000
1 of 1 wells
Plug dates filed
Oct 2022
1 of 1 wells

Last completion to plug: a median of 22.8 years across the 1 well that filed both dates, with the middle half between 22.8 years and 22.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-04131747111,614 ftJan 2000Oct 2022Yes

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 (353)

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

353 months

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 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 201864059.403.07$3,802
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 201501032.362.00$20
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 201402378.303.90$90
Sep 20140086.164.05$0
Aug 20141811,68489.394.04$22,975
Jul 201402,14596.564.18$8,965
Jun 201402,05198.164.74$9,715
May 20141932,12094.734.73$28,303
Apr 201402,35795.944.81$11,335
Mar 20141913,23095.895.06$34,648
Feb 2014068497.406.19$4,235
Jan 201402,31490.404.86$11,248
Dec 20131992,26991.824.35$28,153
Nov 201302,35888.853.74$8,815
Oct 201302,17397.423.78$8,213
Sep 20131892,432104.113.72$28,718
Aug 201302,491104.253.52$8,775
Jul 20131842,167102.523.72$26,920
Jun 201302,36094.403.93$9,283
May 20131942,38794.834.15$28,301
Apr 201302,45593.964.28$10,514
Mar 201302,53693.623.91$9,923
Feb 20131912,64191.233.42$26,457
Jan 20131912,52291.603.42$26,121
Dec 201202,53186.773.42$8,656
Nov 20121962,53486.953.62$26,228
Oct 20121752,49689.383.40$24,127
Sep 201202,16194.672.92$6,307
Aug 20121812,28792.662.91$23,422
Jul 201202,32685.133.02$7,026
Jun 201202,11179.822.52$5,318
May 20121912,21091.612.49$22,997
Apr 201202,135101.652.00$4,263
Mar 20121882,174105.052.22$24,580
Feb 201202,363101.102.57$6,073
Jan 20121972,39798.092.73$25,877
Dec 201102,53396.873.24$8,206
Nov 20111962,42195.723.31$26,778
Oct 201102,91484.983.65$10,632
Sep 20111932,50283.623.99$26,111
Aug 201102,52083.404.15$10,456
Jul 20111872,83294.144.52$30,397
Jun 20111922,60292.904.64$29,910
May 201162,83098.134.40$13,054
Apr 20111952,690105.964.33$32,319
Mar 201102,91196.364.06$11,811
Feb 20111952,12785.644.18$25,591
Jan 20111982,46086.504.59$28,415
Dec 201002,95885.734.35$12,861
Nov 20101962,52880.843.80$25,439
Oct 201003,18178.103.51$11,162
Sep 20101932,67672.633.98$24,667
Aug 20101923,01973.684.42$27,489
Jul 201003,04172.554.74$14,404
Jun 20101892,98970.364.91$27,975
May 20101933,04371.124.24$26,614
Apr 201003,02681.694.12$12,475
Mar 20101953,23678.394.39$29,488
Feb 20101912,94373.585.44$30,071
Jan 201002,96974.365.96$17,707
Dec 20091973,52371.445.48$33,393
Nov 20091962,96874.593.75$25,754
Oct 20091893,20572.544.11$26,883
Sep 200903,39365.543.06$10,399
Aug 20091883,50967.423.22$23,969
Jul 20091913,93461.133.46$25,305
Jun 20091953,67566.163.90$27,215
May 20091974,08554.743.93$26,820
Apr 20091953,95246.773.59$23,298
Mar 20093974,43742.144.06$34,739
Feb 20091884,07632.814.63$25,052
Jan 200903,69735.865.37$19,857
Dec 2008011937.105.98$711
Nov 20081721,03055.496.86$16,610
Oct 200802,87275.246.92$19,880
Sep 20080177101.767.88$1,394
Aug 200821,991114.228.48$17,118
Jul 20081903,263131.0811.39$62,069
Jun 20081894,077131.3313.03$77,955
May 20081405123.1711.57$4,811
Apr 20083672,336110.3110.45$64,906
Mar 20082203,756101.909.66$58,716
Feb 20081903,35792.538.77$47,024
Jan 2008155,76290.388.21$48,637
Dec 20073532,45888.337.30$49,129
Nov 200701,44691.677.29$10,544
Oct 2007142,64382.856.92$19,455
Sep 20071692,35975.846.24$27,547
Aug 20072312,97969.066.39$34,983
Jul 200712,78970.906.39$17,887
Jun 20071583,63762.007.55$37,250
May 20071913,58758.747.85$39,364
Apr 20071773,36959.617.81$36,847
Mar 200712,75856.927.30$20,196
Feb 20071822,12555.108.22$27,487
Jan 200718350.306.73$609
Dec 20061922,07356.656.92$25,219
Nov 20061974,33654.207.62$43,707
Oct 20061934,01954.906.01$34,765
Sep 20061803,04760.085.04$26,163
Aug 20061904,10268.717.34$43,163
Jul 20061943,80469.376.34$37,586
Jun 20063613,41866.286.38$45,747
May 200662,59866.016.42$17,088
Apr 20063523,15964.397.36$45,917
Mar 200601,57556.707.08$11,156
Feb 20061943,10557.597.75$35,240
Jan 20061612,54660.598.93$32,499
Dec 20051874,47454.9413.42$70,294
Nov 20051825,20054.6910.59$65,013
Oct 20051974,85658.3413.80$78,485
Sep 20051885,08961.4512.08$73,023
Aug 20051854,38561.519.80$54,338
Jul 20051914,34355.697.84$44,702
Jun 20051883,82852.337.38$38,093
May 200534,14145.226.65$27,678
Apr 200523,30549.207.36$24,425
Mar 20052043,48750.377.15$35,225
Feb 200542,65145.226.31$16,914
Jan 20051912,90143.166.32$26,584
Dec 200472,91139.866.75$19,931
Nov 20042123,42345.286.33$31,268
Oct 20042185,07149.706.52$43,873
Sep 2004104,32843.245.28$23,301
Aug 20041883,77542.375.55$28,919
Jul 20041933,98238.286.08$31,615
Jun 200482,82936.106.43$18,488
May 20041822,70037.486.49$24,357
Apr 20041922,84134.475.86$23,262
Mar 20042012,27734.365.53$19,498
Feb 200463,94732.455.51$21,941
Jan 20044024,51532.036.30$41,319
Dec 20032021,37230.266.30$14,758
Nov 20032072,73428.804.60$18,525
Oct 200342,01928.174.76$9,722
Sep 2003458326.314.75$2,874
Aug 200319375229.765.13$9,601
Jul 2003178229.415.17$4,073
Jun 2003675528.565.98$4,688
May 20031951,53626.595.97$14,359
Apr 2003364526.675.41$3,568
Mar 200317629131.146.10$7,255
Feb 2003034233.487.93$2,711
Jan 2003139030.315.58$2,207
Dec 2002030126.914.85$1,461
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 2002057327.443.64$2,083
Aug 200217644125.963.16$5,964
Jul 200233,26124.583.06$10,058
Jun 20023613,80123.733.34$21,255
May 20021773,97124.663.58$18,597
Apr 200283,86723.653.51$13,771
Mar 200273,07422.003.10$9,692
Feb 20021952,20018.222.38$8,779
Jan 20023752,98917.172.38$13,540
Dec 2001183,26416.932.36$8,022
Nov 200151,00518.072.41$2,508
Oct 200171,57019.782.53$4,109
Sep 2001071024.262.25$1,598
Aug 2001078724.873.05$2,403
Jul 200116870823.933.20$6,284
Jun 2001078224.563.82$2,990
May 2001082425.524.31$3,549
Apr 2001086824.685.34$4,631
Mar 200118175524.545.38$8,501
Feb 2001065127.755.77$3,754
Jan 2001073427.478.40$6,165
Dec 200018561826.889.12$10,611
Nov 2000058732.215.66$3,321
Oct 2000093531.235.15$4,811
Sep 200001,00931.875.19$5,233
Aug 2000096729.644.54$4,391
Jul 200001,01528.534.09$4,151
Jun 2000067329.304.40$2,959
May 2000143927.263.68$1,643
Apr 2000203024.513.12$4,976
Mar 200026028.422.86$739
Feb 200023027.622.73$635
Jan 20005025.272.48$126
Dec 1999042124.282.42$1,020
Nov 199923141923.192.43$6,377
Oct 199901,72320.982.80$4,831
Sep 19991811,94521.752.62$9,030
Aug 199901,85119.262.88$5,323
Jul 19991881,62817.892.37$7,226
Jun 19991882,03115.942.36$7,794
May 19991881,58015.792.32$6,636
Apr 199902,13815.102.21$4,721
Mar 199902,86912.471.84$5,274
Feb 19991792,2849.981.82$5,938
Jan 19991852,80210.381.90$7,244
Dec 199812,2949.201.77$4,077
Nov 19981792,56510.892.19$7,556
Oct 19981892,09212.421.97$6,467
Sep 19981742,64412.592.08$7,697
Aug 19981832,60911.301.91$7,044
Jul 199802,54011.742.24$5,683
Jun 19981832,99011.242.24$8,746
May 19981732,26612.622.21$7,183
Apr 19983662,47913.042.51$10,983
Mar 19981751,88112.802.31$6,584
Feb 19981731,85713.952.30$6,683
Jan 199822,25814.702.15$4,895
Dec 19973632,48816.322.41$11,923
Nov 19971741,95618.193.09$9,206
Oct 19973732,85019.253.15$16,157
Sep 19977143,28317.742.95$22,367
Aug 19975464,89017.862.55$22,244
Jul 19971872,77517.582.25$9,523
Jun 199701,69817.242.26$3,833
May 199711,47818.972.31$3,431
Apr 19971822,48917.882.08$8,438
Mar 19971832,64018.951.94$8,587
Feb 19973551,78120.492.21$11,203
Jan 19971682,53923.483.54$12,932
Dec 19961844,63123.32$4,291
Nov 19961773,10021.97$3,889
Oct 19965386,98523.31$12,541
Sep 19961693,14822.22$3,755
Aug 19961793,23720.26$3,627
Jul 19961833,18919.55$3,578
Jun 19963593,57918.73$6,724
May 19961883,29619.43$3,653
Apr 19961853,46021.51$3,979
Mar 19965473,55019.38$10,601
Feb 19961923,66916.98$3,260
Jan 19961944,67317.07$3,312
Dec 19953873,87717.19$6,653
Nov 19955776,79516.00$9,232
Oct 19953857,79015.43$5,941
Sep 19959188,45316.18$14,853
Aug 19951,13410,32015.92$18,053
Jul 19951,13012,07015.24$17,221
Jun 19951,12013,31216.41$18,379
May 19951,32415,06117.56$23,249
Apr 19951,65416,71017.73$29,325
Mar 19951,25018,54516.44$20,550
Feb 19951,47019,30516.58$24,373
Jan 19951,28718,71515.92$20,489
Dec 199491120,75115.03$13,692
Nov 19941,10918,90015.90$17,633
Oct 19941,27920,85515.58$19,927
Sep 19941,47923,12815.29$22,614
Aug 19941,44822,00716.13$23,356
Jul 19941,61923,67317.56$28,430
Jun 19941,48826,55017.09$25,430
May 19942,51330,77515.88$39,906
Apr 19942,55533,50614.14$36,128
Mar 19942,90837,52012.46$36,234
Feb 19942,05930,57112.50$25,738
Jan 19942,73144,49612.66$34,574
Dec 19935,39255,40612.33$66,483
Nov 19936,45666,34414.49$93,547
Oct 19939,01582,85015.85$142,888
Sep 199311,05186,14115.03$166,097
Aug 199319,980172,83515.66$312,887
Jul 199330,248206,83915.46$467,634
Jun 19934,21632,10716.79$70,787

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.

Aug 2018 — as filed, then multipliedworked
Condensate            64 bbl  × $ 59.40 =     $3,802
Gas                    0 Mcf  × $  3.07 =         $0

────────────────────────────────────────────────────
Month total                                   $3,802

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/146240 is the state's own key, not one this site invented.