KRAUSE-O.L. 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 148014District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.0 M
Nov 1993 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
391
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 Gas111994-10-31130921
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
CondensateDisposition37,492 bbl$579,503
GasProduction1,805,525 Mcf$459,637
Total$1,039,140

1,671,206 Mcf of this lease's gas, across 38 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 30.0864, -96.6784. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.08636, -96.67842 · 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
15,217 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 15,217 ft.

Completions filed
Oct 1994
1 of 1 wells

1 well

42-14932803115,217 ftOct 1994

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 (391)

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

391 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 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
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 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
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 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 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 20180059.403.07$0
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 20150032.362.00$0
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 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20101774573.684.42$13,240
Jul 201003072.554.74$142
Jun 201003070.364.91$147
May 201003271.124.24$136
Apr 201008281.694.12$338
Mar 201006378.394.39$276
Feb 201006973.585.44$376
Jan 201003074.365.96$179
Dec 200906671.445.48$362
Nov 200904474.593.75$165
Oct 200903972.544.11$160
Sep 200904465.543.06$135
Aug 200905967.423.22$190
Jul 200904861.133.46$166
Jun 200904766.163.90$183
May 200906554.743.93$255
Apr 200905246.773.59$187
Mar 200905142.144.06$207
Feb 200905432.814.63$250
Jan 200908535.865.37$457
Dec 200806037.105.98$359
Nov 200805555.496.86$377
Oct 200805575.246.92$381
Sep 2008052101.767.88$410
Aug 2008048114.228.48$407
Jul 2008067131.0811.39$763
Jun 2008047131.3313.03$613
May 2008056123.1711.57$648
Apr 2008082110.3110.45$857
Mar 2008065101.909.66$628
Feb 200808592.538.77$746
Jan 200808790.388.21$714
Dec 200707688.337.30$555
Nov 200708591.677.29$620
Oct 200708082.856.92$554
Sep 200708075.846.24$500
Aug 2007146069.066.39$1,350
Jul 200705470.906.39$345
Jun 200704762.007.55$355
May 200707358.747.85$573
Apr 200717359.617.81$629
Mar 200707056.927.30$511
Feb 200702555.108.22$205
Jan 200708950.306.73$599
Dec 200607956.656.92$547
Nov 200607754.207.62$587
Oct 2006010754.906.01$643
Sep 2006013160.085.04$660
Aug 2006021068.717.34$1,541
Jul 2006044269.376.34$2,804
Jun 20060066.286.38$0
May 2006012666.016.42$810
Apr 2006034964.397.36$2,569
Mar 20060056.707.08$0
Feb 200606457.597.75$496
Jan 2006025360.598.93$2,260
Dec 200509154.9413.42$1,221
Nov 20050054.6910.59$0
Oct 2005020458.3413.80$2,814
Sep 200514419161.4512.08$11,156
Aug 2005033661.519.80$3,292
Jul 20050055.697.84$0
Jun 2005024252.337.38$1,786
May 2005035145.226.65$2,335
Apr 2005024049.207.36$1,767
Mar 2005014450.377.15$1,030
Feb 20050045.226.31$0
Jan 2005024643.166.32$1,555
Dec 2004024539.866.75$1,654
Nov 200401345.286.33$82
Oct 2004040449.706.52$2,632
Sep 2004014743.245.28$777
Aug 2004026842.375.55$1,488
Jul 200409438.286.08$572
Jun 200413338136.106.43$7,252
May 2004018937.486.49$1,227
Apr 2004024634.475.86$1,441
Mar 200411,27934.365.53$7,107
Feb 200401,22732.455.51$6,760
Jan 20040032.036.30$0
Dec 200359,68730.266.30$61,195
Nov 200303128.804.60$142
Oct 200308228.174.76$390
Sep 2003015626.314.75$741
Aug 20030029.765.13$0
Jul 2003024529.415.17$1,267
Jun 200308528.565.98$509
May 2003012226.595.97$729
Apr 200301526.675.41$81
Mar 200302031.146.10$122
Feb 20030033.487.93$0
Jan 200302,98030.315.58$16,634
Dec 200205726.914.85$277
Nov 20020024.664.14$0
Oct 200204026.464.23$169
Sep 200203327.443.64$120
Aug 2002012125.963.16$383
Jul 2002038324.583.06$1,173
Jun 2002026723.733.34$891
May 200218627324.663.58$5,565
Apr 2002024723.653.51$868
Mar 2002015922.003.10$493
Feb 2002050818.222.38$1,207
Jan 2002028317.172.38$672
Dec 2001077216.932.36$1,825
Nov 2001029518.072.41$710
Oct 200101,79719.782.53$4,544
Sep 20010024.262.25$0
Aug 2001082824.873.05$2,528
Jul 2001048323.933.20$1,544
Jun 2001038524.563.82$1,472
May 2001064325.524.31$2,770
Apr 2001074124.685.34$3,953
Mar 200101,44624.545.38$7,774
Feb 200119770327.755.77$9,521
Jan 2001074327.478.40$6,240
Dec 2000085126.889.12$7,763
Nov 200001,38232.215.66$7,819
Oct 2000078731.235.15$4,050
Sep 2000082131.875.19$4,258
Aug 200001,53329.644.54$6,961
Jul 2000074528.534.09$3,047
Jun 200001,30429.304.40$5,734
May 2000074227.263.68$2,730
Apr 20001861,40224.513.12$8,927
Mar 200001,52128.422.86$4,350
Feb 2000087527.622.73$2,386
Jan 200001,47125.272.48$3,649
Dec 199902,41224.282.42$5,846
Nov 199901,61823.192.43$3,938
Oct 199901,85420.982.80$5,198
Sep 19991871,94421.752.62$9,158
Aug 199901,59819.262.88$4,595
Jul 199901,93217.892.37$4,583
Jun 199901,83215.942.36$4,327
May 199902,78715.792.32$6,469
Apr 19993554,14015.102.21$14,502
Mar 1999064712.471.84$1,189
Feb 199905399.981.82$980
Jan 19991784,65510.381.90$10,692
Dec 1998009.201.77$0
Nov 199802410.892.19$52
Oct 1998066212.421.97$1,304
Sep 199806,75312.592.08$14,064
Aug 199801,73711.301.91$3,313
Jul 1998098911.742.24$2,213
Jun 199801,53011.242.24$3,423
May 199801,77612.622.21$3,918
Apr 199801,36313.042.51$3,415
Mar 19983562,73612.802.31$10,875
Feb 199801,36413.952.30$3,136
Jan 199801,31714.702.15$2,838
Dec 199701,84216.322.41$4,441
Nov 19971882,40318.193.09$10,841
Oct 199702,66519.253.15$8,394
Sep 199702,67217.742.95$7,895
Aug 199701,64817.862.55$4,210
Jul 199702,82817.582.25$6,354
Jun 199702,94417.242.26$6,645
May 199704,04218.972.31$9,331
Apr 19971854,49517.882.08$12,670
Mar 199703,53618.951.94$6,857
Feb 199706,45720.492.21$14,244
Jan 199703,53223.483.54$12,502
Dec 19963623,39823.32$8,442
Nov 199601,98721.97$0
Oct 199601,29923.31$0
Sep 199601,97322.22$0
Aug 199606,29920.26$0
Jul 19963547,69519.55$6,921
Jun 199607,77718.73$0
May 199609,70919.43$0
Apr 19965507,80621.51$11,831
Mar 199607,81419.38$0
Feb 19963619,07216.98$6,130
Jan 1996110,38317.07$17
Dec 199518915,65717.19$3,249
Nov 19953597,04616.00$5,744
Oct 1995315,27115.43$46
Sep 199536118,39116.18$5,841
Aug 199536014,40715.92$5,731
Jul 199519217,47115.24$2,926
Jun 199535618,63916.41$5,842
May 199571719,83217.56$12,591
Apr 199536128,30617.73$6,401
Mar 199536327,94916.44$5,968
Feb 199572626,89616.58$12,037
Jan 199572336,66815.92$11,510
Dec 19941,08944,06915.03$16,368
Nov 19941,46550,75715.90$23,294
Oct 19941,11644,98115.58$17,387
Sep 199471024,26715.29$10,856
Aug 19941,07254,29216.13$17,291
Jul 19941,06565,24017.56$18,701
Jun 19942,02473,95617.09$34,590
May 19941,43780,49515.88$22,820
Apr 19941,80590,37614.14$25,523
Mar 19941,826124,92312.46$22,752
Feb 19942,576134,76412.50$32,200
Jan 19944,592181,74812.66$58,135
Dec 19935,071228,54012.33$62,525
Nov 19932,813151,05314.49$40,760

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 2010 — as filed, then multipliedworked
Condensate           177 bbl  × $ 73.68 =    $13,041
Gas                   45 Mcf  × $  4.42 =       $199

────────────────────────────────────────────────────
Month total                                  $13,240

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/148014 is the state's own key, not one this site invented.