A.L.

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 148174District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$1.7 M
Jan 1994 – May 2026
Value, last 12 filed months
$37 k
at the published price for each month
Months reported
389
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 Gas111995-01-06130957
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
CondensateDisposition9,786 bbl$295,606
GasProduction712,636 Mcf$1,374,570
Total$1,670,176

386,377 Mcf of this lease's gas, across 36 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 29.9682, -96.7781. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.96815, -96.77809 · 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
14,707 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 14,707 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-149328121 H14,707 ftJan 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 (389)

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

389 months

May 20260288106.413.05$877
Apr 2026037498.932.87$1,073
Mar 2026039789.753.15$1,250
Feb 202618231363.503.75$12,731
Jan 2026097359.138.00$7,782
Dec 202507756.664.41$340
Nov 2025061658.593.93$2,419
Oct 2025068359.383.30$2,257
Sep 2025073862.743.08$2,271
Aug 2025067163.933.01$2,023
Jul 2025062066.743.32$2,055
Jun 2025059966.483.13$1,874
May 2025064660.553.23$2,088
Apr 2025063162.363.54$2,236
Mar 2025053967.704.27$2,301
Feb 202501,72670.884.34$7,492
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 202403269.052.20$70
Oct 2024030571.372.28$696
Sep 2024031769.612.36$750
Aug 2024028775.632.06$592
Jul 2024030679.932.15$657
Jun 2024027678.082.63$727
May 202401,08378.812.20$2,381
Apr 2024180084.451.66$15,201
Mar 2024045880.301.55$708
Feb 202401,01376.091.78$1,807
Jan 2024016273.023.30$534
Dec 2023050171.262.61$1,308
Nov 2023047977.892.81$1,345
Oct 2023198385.443.09$3,120
Sep 2023069989.042.74$1,912
Aug 2023056780.522.67$1,516
Jul 2023097274.852.64$2,568
Jun 202311,24068.962.26$2,869
May 2023030370.622.23$675
Apr 2023042878.122.24$958
Mar 2023067772.852.39$1,620
Feb 2023043075.112.47$1,060
Jan 2023037176.533.39$1,257
Dec 2022053676.415.73$3,071
Nov 2022047185.005.65$2,659
Oct 2022066287.185.86$3,882
Sep 2022068884.888.16$5,617
Aug 2022074094.529.13$6,754
Jul 20221745101.587.54$5,720
Jun 20221755115.097.98$6,138
May 20220913109.378.43$7,699
Apr 20220712104.226.84$4,868
Mar 2022190754108.885.08$24,515
Feb 2022085391.054.86$4,145
Jan 2022088581.844.54$4,016
Dec 2021045571.323.90$1,774
Nov 2021056777.435.24$2,969
Oct 202109879.795.71$560
Sep 2021015169.865.35$808
Aug 2021016666.024.22$701
Jul 2021054270.783.98$2,158
Jun 2021076669.493.38$2,590
May 2021089363.483.02$2,695
Apr 2021037160.362.76$1,023
Mar 2021071661.302.72$1,945
Feb 2021041157.805.55$2,280
Jan 2021073950.412.81$2,077
Dec 2020066244.642.68$1,771
Nov 2020070738.772.71$1,914
Oct 2020071436.972.48$1,770
Sep 2020055737.091.99$1,109
Aug 2020066539.982.39$1,586
Jul 2020076338.371.83$1,393
Jun 2020067634.901.69$1,143
May 2020070716.921.81$1,283
Apr 2020068514.751.80$1,236
Mar 202015875230.341.86$6,190
Feb 2020066849.881.98$1,323
Jan 2020072357.252.09$1,515
Dec 2019077159.012.30$1,777
Nov 2019079155.302.75$2,176
Oct 2019057053.472.42$1,379
Sep 2019065755.052.66$1,746
Aug 2019072853.112.30$1,678
Jul 2019070756.272.46$1,739
Jun 2019071952.782.49$1,791
May 2019055558.482.74$1,521
Apr 2019068962.632.75$1,895
Mar 2019071456.803.06$2,186
Feb 2019061550.852.79$1,717
Jan 2019066846.033.23$2,156
Dec 2018067346.594.19$2,817
Nov 2018067652.934.24$2,864
Oct 2018069061.443.40$2,345
Sep 201817465959.543.11$12,408
Aug 2018067859.403.07$2,079
Jul 2018071765.142.93$2,102
Jun 2018077560.183.08$2,385
May 2018019965.382.90$577
Apr 2018043963.842.90$1,273
Mar 2018060461.222.79$1,683
Feb 2018054661.782.77$1,510
Jan 2018070562.874.01$2,827
Dec 2017068257.272.92$1,992
Nov 2017067455.423.12$2,102
Oct 2017043749.292.98$1,304
Sep 2017067547.523.09$2,084
Aug 2017055545.373.00$1,667
Jul 2017059943.873.09$1,849
Jun 2017049142.493.09$1,516
May 2017081345.373.26$2,653
Apr 2017067347.933.21$2,161
Mar 201719472546.772.98$11,237
Feb 2017070550.452.95$2,082
Jan 2017023849.413.42$814
Dec 2016051948.763.72$1,932
Nov 2016055942.492.64$1,478
Oct 2016065146.193.09$2,012
Sep 2016063841.553.10$1,978
Aug 2016072841.442.92$2,129
Jul 2016074141.622.92$2,167
Jun 2016071045.352.69$1,907
May 2016077042.521.99$1,533
Apr 2016051936.561.99$1,033
Mar 2016074333.011.79$1,333
Feb 2016067826.472.06$1,399
Jan 2016075427.352.36$1,783
Dec 2015076232.362.00$1,525
Nov 2015071538.792.17$1,550
Oct 2015081143.552.43$1,968
Sep 2015083442.992.76$2,301
Aug 2015091040.162.87$2,614
Jul 2015056248.152.95$1,655
Jun 201518446256.152.88$11,663
May 2015058555.212.96$1,729
Apr 2015055349.822.71$1,497
Mar 2015058842.892.93$1,726
Feb 2015048744.662.98$1,449
Jan 2015048443.433.10$1,501
Dec 2014050954.693.59$1,828
Nov 2014057070.464.25$2,424
Oct 2014080778.303.90$3,148
Sep 2014065886.164.05$2,662
Aug 2014054089.394.04$2,179
Jul 2014078196.564.18$3,264
Jun 2014054898.164.74$2,596
May 2014087494.734.73$4,131
Apr 2014087295.944.81$4,194
Mar 2014097795.895.06$4,940
Feb 2014051597.406.19$3,189
Jan 2014062490.404.86$3,033
Dec 201319070591.824.35$20,516
Nov 2013068188.853.74$2,546
Oct 2013072097.423.78$2,721
Sep 20130731104.113.72$2,718
Aug 20130912104.253.52$3,213
Jul 201301,050102.523.72$3,904
Jun 2013084394.403.93$3,316
May 2013051194.834.15$2,120
Apr 2013032593.964.28$1,392
Mar 2013043993.623.91$1,718
Feb 2013047191.233.42$1,611
Jan 2013052891.603.42$1,806
Dec 2012049686.773.42$1,696
Nov 2012047486.953.62$1,718
Oct 2012045089.383.40$1,530
Sep 2012041494.672.92$1,208
Aug 2012040892.662.91$1,187
Jul 201217438085.133.02$15,961
Jun 2012047079.822.52$1,184
May 2012057791.612.49$1,436
Apr 20120620101.652.00$1,238
Mar 20120672105.052.22$1,493
Feb 20120596101.102.57$1,532
Jan 2012058898.092.73$1,608
Dec 2011064296.873.24$2,080
Nov 2011058095.723.31$1,921
Oct 2011063284.983.65$2,306
Sep 2011058883.623.99$2,344
Aug 2011064883.404.15$2,689
Jul 2011062894.144.52$2,837
Jun 2011065492.904.64$3,034
May 201119367798.134.40$21,921
Apr 20110748105.964.33$3,241
Mar 2011093996.364.06$3,810
Feb 2011033185.644.18$1,384
Jan 2011021586.504.59$987
Dec 2010045985.734.35$1,996
Nov 2010072080.843.80$2,733
Oct 2010073878.103.51$2,590
Sep 2010070972.633.98$2,821
Aug 2010071773.684.42$3,169
Jul 2010073972.554.74$3,500
Jun 2010069670.364.91$3,418
May 2010074271.124.24$3,143
Apr 2010055381.694.12$2,280
Mar 2010082178.394.39$3,603
Feb 2010076873.585.44$4,180
Jan 2010091474.365.96$5,451
Dec 2009068071.445.48$3,729
Nov 2009072874.593.75$2,731
Oct 2009078172.544.11$3,210
Sep 2009067065.543.06$2,053
Aug 2009084167.423.22$2,707
Jul 2009076961.133.46$2,664
Jun 2009080866.163.90$3,147
May 2009063554.743.93$2,493
Apr 2009039146.773.59$1,403
Mar 2009072542.144.06$2,943
Feb 200901,15532.814.63$5,351
Jan 2009055235.865.37$2,965
Dec 200801,36537.105.98$8,159
Nov 200801,28855.496.86$8,836
Oct 2008096475.246.92$6,673
Sep 20080704101.767.88$5,545
Aug 200801,074114.228.48$9,111
Jul 20080744131.0811.39$8,474
Jun 20080753131.3313.03$9,814
May 20080515123.1711.57$5,961
Apr 20080738110.3110.45$7,716
Mar 20080856101.909.66$8,272
Feb 2008039792.538.77$3,482
Jan 2008061290.388.21$5,022
Dec 2007078588.337.30$5,732
Nov 2007075791.677.29$5,520
Oct 2007079282.856.92$5,482
Sep 2007076675.846.24$4,783
Aug 2007280269.066.39$5,261
Jul 2007180470.906.39$5,207
Jun 2007079562.007.55$6,001
May 200719484458.747.85$18,018
Apr 2007183359.617.81$6,561
Mar 2007086756.927.30$6,331
Feb 200701,00255.108.22$8,232
Jan 200701,10150.306.73$7,406
Dec 2006098356.656.92$6,801
Nov 2006099454.207.62$7,572
Oct 2006148754.906.01$2,984
Sep 2006034760.085.04$1,748
Aug 2006063168.717.34$4,631
Jul 2006179969.376.34$5,137
Jun 200611,07666.286.38$6,935
May 20061621,42466.016.42$19,843
Apr 200611,29664.397.36$9,604
Mar 200611,71456.707.08$12,197
Feb 2006175257.597.75$5,886
Jan 2006095460.598.93$8,522
Dec 200511,43754.9413.42$19,333
Nov 2005174254.6910.59$7,911
Oct 200501,55258.3413.80$21,411
Sep 200501,37961.4512.08$16,657
Aug 2005053061.519.80$5,192
Jul 200515146455.697.84$12,049
Jun 200512,35752.337.38$17,449
May 200512,37245.226.65$15,822
Apr 2005085149.207.36$6,264
Mar 200521,47150.377.15$10,626
Feb 200511,93745.226.31$12,271
Jan 200502,13743.166.32$13,511
Dec 2004181239.866.75$5,522
Nov 200401,33645.286.33$8,457
Oct 200401,78049.706.52$11,597
Sep 2004056343.245.28$2,975
Aug 20046452842.375.55$5,642
Jul 200412,00138.286.08$12,213
Jun 2004073036.106.43$4,696
May 20041571,33337.486.49$14,542
Apr 200411,42934.475.86$8,406
Mar 200411,24134.365.53$6,897
Feb 200411,47032.455.51$8,132
Jan 200411,66032.036.30$10,489
Dec 20031971,40930.266.30$14,840
Nov 200321,50628.804.60$6,978
Oct 200301,95128.174.76$9,286
Sep 200311,53526.314.75$7,317
Aug 200311,22129.765.13$6,293
Jul 200301,83029.415.17$9,463
Jun 200311,03728.565.98$6,233
May 2003082126.595.97$4,904
Apr 2003092026.675.41$4,975
Mar 200311,44231.146.10$8,822
Feb 2003089233.487.93$7,070
Jan 200311,97430.315.58$11,049
Dec 2002085426.914.85$4,145
Nov 200201,39524.664.14$5,771
Oct 200201,60826.464.23$6,800
Sep 200218365027.443.64$7,384
Aug 2002093425.963.16$2,955
Jul 200201,16724.583.06$3,573
Jun 2002082423.733.34$2,751
May 200201,01824.663.58$3,649
Apr 200201,38823.653.51$4,875
Mar 2002690222.003.10$2,931
Feb 200201,59518.222.38$3,789
Jan 2002084717.172.38$2,012
Dec 200101,49716.932.36$3,540
Nov 200101,03218.072.41$2,483
Oct 2001087919.782.53$2,223
Sep 200118153124.262.25$5,587
Aug 200101,14324.873.05$3,490
Jul 200101,20123.933.20$3,840
Jun 200101,09324.563.82$4,180
May 2001087125.524.31$3,752
Apr 200101,30324.685.34$6,952
Mar 2001091624.545.38$4,925
Feb 200101,52827.755.77$8,812
Jan 2001076627.478.40$6,433
Dec 2000077526.889.12$7,070
Nov 200014475532.215.66$8,910
Oct 2000081631.235.15$4,199
Sep 2000083631.875.19$4,336
Aug 200001,69629.644.54$7,701
Jul 200002,51628.534.09$10,290
Jun 200001,05229.304.40$4,626
May 200001,09727.263.68$4,037
Apr 2000098324.513.12$3,063
Mar 200002,56728.422.86$7,341
Feb 20001692,18127.622.73$10,614
Jan 200001,41525.272.48$3,510
Dec 199901,17724.282.42$2,853
Nov 199901,12023.192.43$2,726
Oct 199901,19220.982.80$3,342
Sep 199901,25121.752.62$3,276
Aug 199901,18719.262.88$3,413
Jul 199901,31217.892.37$3,113
Jun 199901,15215.942.36$2,721
May 19991833,29715.792.32$10,542
Apr 199901,15215.102.21$2,544
Mar 199901,35212.471.84$2,485
Feb 199901,3719.981.82$2,492
Jan 199901,47610.381.90$2,804
Dec 199801,4059.201.77$2,492
Nov 199802,05310.892.19$4,487
Oct 199801,07512.421.97$2,117
Sep 199801,79012.592.08$3,728
Aug 19981362,23411.301.91$5,798
Jul 199802,09211.742.24$4,680
Jun 199802,04411.242.24$4,573
May 199802,00112.622.21$4,415
Apr 199801,47313.042.51$3,690
Mar 199802,06212.802.31$4,762
Feb 19981911,81913.952.30$6,847
Jan 199802,18114.702.15$4,700
Dec 199702,37016.322.41$5,714
Nov 199702,44318.193.09$7,545
Oct 199702,75419.253.15$8,675
Sep 199702,64517.742.95$7,816
Aug 19972002,78117.862.55$10,677
Jul 199703,03617.582.25$6,822
Jun 199702,92617.242.26$6,605
May 199702,77018.972.31$6,395
Apr 199703,15717.882.08$6,575
Mar 199703,07118.951.94$5,955
Feb 19971812,84620.492.21$9,987
Jan 199703,14423.483.54$11,129
Dec 199603,49723.32$0
Nov 199603,54721.97$0
Oct 19961904,06523.31$4,429
Sep 199603,32022.22$0
Aug 199604,54720.26$0
Jul 199604,42119.55$0
Jun 19961823,20118.73$3,409
May 199604,35119.43$0
Apr 199604,17721.51$0
Mar 199613,78019.38$19
Feb 19961763,96716.98$2,988
Jan 199604,06617.07$0
Dec 199503,99917.19$0
Nov 19951954,17316.00$3,120
Oct 199504,76815.43$0
Sep 199514,24816.18$16
Aug 19952006,25315.92$3,184
Jul 199515,45315.24$15
Jun 199515,45916.41$16
May 19952006,71617.56$3,512
Apr 19951947,22617.73$3,440
Mar 199516,56016.44$16
Feb 199506,97816.58$0
Jan 19951918,53415.92$3,041
Dec 1994210,08515.03$30
Nov 199418711,32015.90$2,973
Oct 199419011,08915.58$2,960
Sep 199419113,25015.29$2,920
Aug 199420215,27516.13$3,258
Jul 199419516,89217.56$3,424
Jun 199434518,41517.09$5,896
May 199419121,56915.88$3,033
Apr 199436425,57714.14$5,147
Mar 199436628,85112.46$4,560
Feb 19941,09950,47012.50$13,738
Jan 199456946,27812.66$7,204

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 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  288 Mcf  × $  3.05 =       $877

────────────────────────────────────────────────────
Month total                                     $877

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/148174 is the state's own key, not one this site invented.