MENN-OL 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 148521District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Jan 1994 – May 2026
Value, last 12 filed months
$6 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 Gas111994-11-14130997
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
CondensateDisposition196,816 bbl$3,182,859
GasProduction1,905,576 Mcf$1,224,531
Total$4,407,389

1,609,403 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 30.1104, -96.6963. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.11041, -96.69634 · 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
15,678 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 15,678 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-14932823115,678 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 20260549106.413.05$1,672
Apr 202604798.932.87$135
Mar 2026058989.753.15$1,855
Feb 202602963.503.75$109
Jan 202603959.138.00$312
Dec 202505156.664.41$225
Nov 202505858.593.93$228
Oct 202501259.383.30$40
Sep 202502462.743.08$74
Aug 202502563.933.01$75
Jul 202502266.743.32$73
Jun 2025026666.483.13$832
May 2025024460.553.23$789
Apr 20250062.363.54$0
Mar 20253211,31067.704.27$27,323
Feb 20250070.884.34$0
Jan 202501074.324.28$43
Dec 20240468.993.12$12
Nov 20240069.052.20$0
Oct 202407471.372.28$169
Sep 2024023369.612.36$551
Aug 2024024275.632.06$499
Jul 2024027879.932.15$597
Jun 2024024778.082.63$651
May 2024029178.812.20$640
Apr 20240084.451.66$0
Mar 202403880.301.55$59
Feb 202405476.091.78$96
Jan 202407373.023.30$241
Dec 202303971.262.61$102
Nov 202307977.892.81$222
Oct 202304485.443.09$136
Sep 202305989.042.74$161
Aug 202303780.522.67$99
Jul 202303774.852.64$98
Jun 202305868.962.26$131
May 202304070.622.23$89
Apr 202303978.122.24$87
Mar 202303272.852.39$77
Feb 202304375.112.47$106
Jan 2023013776.533.39$464
Dec 202201276.415.73$69
Nov 202206285.005.65$350
Oct 202202287.185.86$129
Sep 202204084.888.16$327
Aug 202204494.529.13$402
Jul 202215141101.587.54$15,648
Jun 2022023115.097.98$183
May 20220465109.378.43$3,921
Apr 2022025104.226.84$171
Mar 2022026108.885.08$132
Feb 202205391.054.86$258
Jan 20220081.844.54$0
Dec 20211791671.323.90$12,829
Nov 20210877.435.24$42
Oct 202103479.795.71$194
Sep 202105069.865.35$268
Aug 202103366.024.22$139
Jul 2021010070.783.98$398
Jun 20210069.493.38$0
May 202105963.483.02$178
Apr 20210060.362.76$0
Mar 2021032161.302.72$872
Feb 20210057.805.55$0
Jan 202103050.412.81$84
Dec 202004544.642.68$120
Nov 20200638.772.71$16
Oct 202002736.972.48$67
Sep 202003837.091.99$76
Aug 202004639.982.39$110
Jul 202006438.371.83$117
Jun 2020021934.901.69$370
May 20200016.921.81$0
Apr 202002114.751.80$38
Mar 202005430.341.86$100
Feb 2020010949.881.98$216
Jan 202004457.252.09$92
Dec 2019012659.012.30$290
Nov 201904655.302.75$127
Oct 201904853.472.42$116
Sep 2019918355.052.66$5,230
Aug 201904753.112.30$108
Jul 201906756.272.46$165
Jun 201903652.782.49$90
May 201908858.482.74$241
Apr 2019013062.632.75$358
Mar 201904056.803.06$122
Feb 201904750.852.79$131
Jan 201909446.033.23$303
Dec 201806246.594.19$260
Nov 20181834752.934.24$9,885
Oct 2018029461.443.40$999
Sep 201806259.543.11$193
Aug 201805959.403.07$181
Jul 201804865.142.93$141
Jun 2018012060.183.08$369
May 20180065.382.90$0
Apr 201809863.842.90$284
Mar 201809461.222.79$262
Feb 201804361.782.77$119
Jan 201808362.874.01$333
Dec 2017010257.272.92$298
Nov 201717014355.423.12$9,867
Oct 201704949.292.98$146
Sep 201709547.523.09$293
Aug 2017021345.373.00$640
Jul 201708643.873.09$266
Jun 201705142.493.09$157
May 201701845.373.26$59
Apr 2017028947.933.21$928
Mar 201706946.772.98$206
Feb 201708650.452.95$254
Jan 2017013049.413.42$444
Dec 201605648.763.72$208
Nov 201604242.492.64$111
Oct 201603846.193.09$117
Sep 201605041.553.10$155
Aug 2016090341.442.92$2,641
Jul 201603841.622.92$111
Jun 201605245.352.69$140
May 201607442.521.99$147
Apr 201605536.561.99$110
Mar 201605933.011.79$106
Feb 201607226.472.06$149
Jan 201605827.352.36$137
Dec 201506632.362.00$132
Nov 201508438.792.17$182
Oct 201507143.552.43$172
Sep 201507642.992.76$210
Aug 2015010240.162.87$293
Jul 201509348.152.95$274
Jun 2015011256.152.88$323
May 201508355.212.96$245
Apr 201507649.822.71$206
Mar 201508942.892.93$261
Feb 201506844.662.98$202
Jan 201506443.433.10$198
Dec 201408554.693.59$305
Nov 201407170.464.25$302
Oct 201407878.303.90$304
Sep 201407586.164.05$303
Aug 201406189.394.04$246
Jul 201406396.564.18$263
Jun 201408798.164.74$412
May 201408694.734.73$406
Apr 2014010895.944.81$519
Mar 2014016195.895.06$814
Feb 2014014597.406.19$898
Jan 2014013790.404.86$666
Dec 2013021491.824.35$932
Nov 2013018688.853.74$695
Oct 2013024997.423.78$941
Sep 20130188104.113.72$699
Aug 2013069104.253.52$243
Jul 2013089102.523.72$331
Jun 20130094.403.93$0
May 2013017594.834.15$726
Apr 201309193.964.28$390
Mar 201309393.623.91$364
Feb 201306291.233.42$212
Jan 201309191.603.42$311
Dec 2012014686.773.42$499
Nov 2012010886.953.62$392
Oct 2012016689.383.40$564
Sep 2012012294.672.92$356
Aug 2012014892.662.91$430
Jul 2012015385.133.02$462
Jun 2012015379.822.52$385
May 2012017591.612.49$435
Apr 20120210101.652.00$419
Mar 20120285105.052.22$633
Feb 20120288101.102.57$740
Jan 201213840198.092.73$14,633
Dec 2011027896.873.24$901
Nov 2011036095.723.31$1,192
Oct 2011047584.983.65$1,733
Sep 2011043483.623.99$1,730
Aug 2011047283.404.15$1,958
Jul 2011033394.144.52$1,504
Jun 2011026092.904.64$1,206
May 2011019898.134.40$872
Apr 20110154105.964.33$667
Mar 2011015396.364.06$621
Feb 2011016485.644.18$686
Jan 2011018586.504.59$849
Dec 2010010285.734.35$443
Nov 2010025280.843.80$956
Oct 2010018578.103.51$649
Sep 2010017972.633.98$712
Aug 2010016373.684.42$720
Jul 2010016372.554.74$772
Jun 2010017970.364.91$879
May 2010024171.124.24$1,021
Apr 2010016581.694.12$680
Mar 2010016278.394.39$711
Feb 2010017373.585.44$942
Jan 2010016874.365.96$1,002
Dec 2009017071.445.48$932
Nov 2009025674.593.75$960
Oct 2009019672.544.11$806
Sep 2009015065.543.06$460
Aug 2009030267.423.22$972
Jul 2009016061.133.46$554
Jun 2009032066.163.90$1,246
May 2009026454.743.93$1,036
Apr 2009026346.773.59$944
Mar 2009033242.144.06$1,348
Feb 2009024432.814.63$1,130
Jan 2009017435.865.37$935
Dec 2008023037.105.98$1,375
Nov 2008018855.496.86$1,290
Oct 2008025975.246.92$1,793
Sep 20080309101.767.88$2,434
Aug 20080143114.228.48$1,213
Jul 20080443131.0811.39$5,046
Jun 20080155131.3313.03$2,020
May 20080604123.1711.57$6,991
Apr 20080748110.3110.45$7,820
Mar 2008175665101.909.66$24,259
Feb 2008047992.538.77$4,201
Jan 2008093990.388.21$7,705
Dec 20071901,29788.337.30$26,253
Nov 2007064991.677.29$4,732
Oct 2007067982.856.92$4,700
Sep 2007038875.846.24$2,423
Aug 2007032069.066.39$2,044
Jul 200717253770.906.39$15,625
Jun 2007137762.007.55$2,908
May 2007156658.747.85$4,500
Apr 2007125259.617.81$2,027
Mar 2007044856.927.30$3,271
Feb 2007018555.108.22$1,520
Jan 200717069150.306.73$13,199
Dec 2006036256.656.92$2,504
Nov 2006022554.207.62$1,714
Oct 2006050054.906.01$3,007
Sep 2006116860.085.04$906
Aug 2006031568.717.34$2,312
Jul 200618060769.376.34$16,337
Jun 2006087466.286.38$5,580
May 2006134266.016.42$2,263
Apr 2006061964.397.36$4,556
Mar 2006189856.707.08$6,417
Feb 200617051257.597.75$13,759
Jan 200601,08760.598.93$9,711
Dec 2005038154.9413.42$5,111
Nov 2005192454.6910.59$9,838
Oct 200515181258.3413.80$20,012
Sep 2005091361.4512.08$11,028
Aug 2005077261.519.80$7,563
Jul 2005074855.697.84$5,867
Jun 200516569852.337.38$13,786
May 2005163745.226.65$4,282
Apr 200501,27549.207.36$9,385
Mar 20051661,28350.377.15$17,541
Feb 2005175345.226.31$4,798
Jan 200517866843.166.32$11,906
Dec 2004057839.866.75$3,902
Nov 200414932945.286.33$8,829
Oct 2004081349.706.52$5,297
Sep 200418146043.245.28$10,257
Aug 2004018642.375.55$1,032
Jul 20041741,21138.286.08$14,029
Jun 2004196536.106.43$6,244
May 20041661,14137.486.49$13,632
Apr 200431,54834.475.86$9,172
Mar 20043641,96034.365.53$23,346
Feb 20041861,97232.455.51$16,901
Jan 20043762,33032.036.30$26,721
Dec 200312,81230.266.30$17,750
Nov 20033543,33728.804.60$25,529
Oct 20031915,88028.174.76$33,367
Sep 200338310,06226.314.75$57,865
Aug 20031863,22929.765.13$22,099
Jul 200311,08729.415.17$5,650
Jun 200301,16428.565.98$6,964
May 200301,58326.595.97$9,455
Apr 20031831,47726.675.41$12,867
Mar 2003083731.146.10$5,102
Feb 200301,16433.487.93$9,226
Jan 20031842,51530.315.58$19,616
Dec 200201,15626.914.85$5,611
Nov 200218486624.664.14$8,120
Oct 2002091026.464.23$3,849
Sep 200218933027.443.64$6,386
Aug 2002148425.963.16$1,557
Jul 20021831,61324.583.06$9,437
Jun 2002084823.733.34$2,831
May 200201,03324.663.58$3,702
Apr 200218177323.653.51$6,996
Mar 2002097922.003.10$3,038
Feb 200215896418.222.38$5,169
Jan 2002093017.172.38$2,209
Dec 20011821,35816.932.36$6,292
Nov 20011821,44118.072.41$6,755
Oct 200111,08519.782.53$2,764
Sep 20011841,11824.262.25$6,981
Aug 20011871,93424.873.05$10,556
Jul 200132,52223.933.20$8,135
Jun 20011802,35824.563.82$13,438
May 20013583,08025.524.31$22,403
Apr 20013531,55024.685.34$16,982
Mar 20011823,16024.545.38$21,456
Feb 20013611,51427.755.77$18,749
Jan 200104,42227.478.40$37,139
Dec 20005703,96326.889.12$51,474
Nov 20005274,80832.215.66$44,178
Oct 20003626,41131.235.15$44,293
Sep 20005365,60331.875.19$46,142
Aug 20007157,01129.644.54$53,028
Jul 20001722,01328.534.09$13,140
Jun 2000098129.304.40$4,314
May 20001811,17527.263.68$9,258
Apr 20001801,86524.513.12$10,223
Mar 20003512,67028.422.86$17,611
Feb 200001,77127.622.73$4,829
Jan 2000083725.272.48$2,076
Dec 19993702,48024.282.42$14,994
Nov 19991802,02323.192.43$9,098
Oct 19991864,14520.982.80$15,524
Sep 19997213,14721.752.62$23,923
Aug 19993582,63419.262.88$14,469
Jul 199925,80417.892.37$13,805
Jun 19991772815.942.36$2,888
May 1999023715.792.32$550
Apr 199902,29815.102.21$5,074
Mar 1999024212.471.84$445
Feb 19991762,2789.981.82$5,897
Jan 1999178710.381.90$1,506
Dec 19981906059.201.77$2,821
Nov 1998093710.892.19$2,048
Oct 19983564,25912.421.97$12,808
Sep 19983663,67312.592.08$12,257
Aug 19987168,07011.301.91$23,483
Jul 199808211.742.24$183
Jun 199818168811.242.24$3,574
May 19983563,22512.622.21$11,608
Apr 199802,70013.042.51$6,764
Mar 19983673,36612.802.31$12,471
Feb 19981812,90813.952.30$9,211
Jan 19983333,27814.702.15$11,959
Dec 19971913,64616.322.41$11,908
Nov 19975384,11718.193.09$22,501
Oct 19973634,55719.253.15$21,341
Sep 19973556,26717.742.95$24,816
Aug 19971812,84217.862.55$10,493
Jul 19971804,75217.582.25$13,842
Jun 19973554,64217.242.26$16,598
May 19973575,45118.972.31$19,356
Apr 19975366,89517.882.08$23,944
Mar 19971783,45918.951.94$10,081
Feb 19973554,62620.492.21$17,478
Jan 19975516,21323.483.54$34,930
Dec 19965684,41423.32$13,246
Nov 19969339,00221.97$20,498
Oct 19965364,34923.31$12,494
Sep 19963586,93122.22$7,955
Aug 19966935,98320.26$14,040
Jul 19965518,76219.55$10,772
Jun 19969099,00318.73$17,026
May 19967289,34819.43$14,145
Apr 19967267,77321.51$15,616
Mar 199671610,44519.38$13,876
Feb 199692110,17416.98$15,639
Jan 199671314,29817.07$12,171
Dec 199592812,89917.19$15,952
Nov 19951,43913,92716.00$23,024
Oct 199595415,70615.43$14,720
Sep 19951,10816,56816.18$17,927
Aug 19951,27317,47915.92$20,266
Jul 19951,42420,99915.24$21,702
Jun 19951,58321,13316.41$25,977
May 19951,71526,72017.56$30,115
Apr 19952,07129,86017.73$36,719
Mar 19952,57535,03316.44$42,333
Feb 19952,23027,84316.58$36,973
Jan 19953,05635,93515.92$48,652
Dec 19943,41443,52015.03$51,312
Nov 19944,98318,81715.90$79,230
Oct 19947,46572,18715.58$116,305
Sep 19944,97556,97015.29$76,068
Aug 19945,90667,83216.13$95,264
Jul 19946,73880,69217.56$118,319
Jun 19948,53073,99417.09$145,778
May 19949,969104,26415.88$158,308
Apr 199413,839145,43914.14$195,683
Mar 199426,064221,38412.46$324,757
Feb 199431,119210,63612.50$388,988
Jan 199423,044139,08412.66$291,737

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                  549 Mcf  × $  3.05 =     $1,672

────────────────────────────────────────────────────
Month total                                   $1,672

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/148521 is the state's own key, not one this site invented.