OLDENBURG B

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 148592District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.5 M
Jan 1994 – May 2026
Value, last 12 filed months
$17 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 Gas221994-04-28 – 1995-10-022 dockets
NGPA2none

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
CondensateDisposition52,949 bbl$1,124,246
GasProduction5,991,543 Mcf$9,341,621
Total$10,465,867

3,699,093 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 29.9718, -96.7555. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.97177, -96.75552 · 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
15,687 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 15,687 ft.

Completions filed
Jan 1994
1 of 1 wells

1 well

42-14932832215,687 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 20260230106.413.05$701
Apr 2026026698.932.87$763
Mar 2026030189.753.15$948
Feb 2026032263.503.75$1,208
Jan 2026045059.138.00$3,599
Dec 2025042556.664.41$1,876
Nov 2025038658.593.93$1,516
Oct 2025043059.383.30$1,421
Sep 2025036962.743.08$1,135
Aug 2025039363.933.01$1,185
Jul 2025044066.743.32$1,459
Jun 2025052266.483.13$1,633
May 2025056860.553.23$1,836
Apr 2025056062.363.54$1,984
Mar 202510257767.704.27$9,368
Feb 2025554270.884.34$2,707
Jan 2025559774.324.28$2,926
Dec 2024058668.993.12$1,829
Nov 2024052769.052.20$1,159
Oct 2024055071.372.28$1,255
Sep 2024054069.612.36$1,277
Aug 2024054775.632.06$1,129
Jul 2024060979.932.15$1,307
Jun 2024060778.082.63$1,599
May 2024065278.812.20$1,433
Apr 2024066584.451.66$1,103
Mar 2024064880.301.55$1,001
Feb 2024036476.091.78$649
Jan 2024021573.023.30$709
Dec 2023035071.262.61$914
Nov 20230077.892.81$0
Oct 2023044285.443.09$1,365
Sep 2023044889.042.74$1,225
Aug 2023144280.522.67$1,262
Jul 20230074.852.64$0
Jun 2023083768.962.26$1,890
May 202321,23970.622.23$2,901
Apr 202321,12078.122.24$2,663
Mar 2023116072.852.39$456
Feb 2023051475.112.47$1,267
Jan 202318276.533.39$354
Dec 202201676.415.73$92
Nov 202203085.005.65$169
Oct 20220087.185.86$0
Sep 202211,82884.888.16$15,008
Aug 202202,13294.529.13$19,459
Jul 202202,398101.587.54$18,086
Jun 202212,017115.097.98$16,205
May 202202,203109.378.43$18,578
Apr 202202,154104.226.84$14,728
Mar 202202,206108.885.08$11,199
Feb 20221911,99191.054.86$27,065
Jan 202202,17181.844.54$9,851
Dec 202102,15971.323.90$8,418
Nov 202102,21277.435.24$11,584
Oct 202102,24479.795.71$12,822
Sep 202112,10769.865.35$11,344
Aug 202102,33266.024.22$9,842
Jul 202102,53970.783.98$10,111
Jun 202102,24069.493.38$7,573
May 202102,34663.483.02$7,079
Apr 202102,26160.362.76$6,237
Mar 202102,35461.302.72$6,396
Feb 202101,98857.805.55$11,029
Jan 202102,36850.412.81$6,655
Dec 202002,39644.642.68$6,410
Nov 202002,17738.772.71$5,892
Oct 202002,14136.972.48$5,306
Sep 202002,31337.091.99$4,605
Aug 202002,39039.982.39$5,700
Jul 202002,37138.371.83$4,327
Jun 202002,32834.901.69$3,935
May 20201572,58516.921.81$7,348
Apr 202052,37814.751.80$4,365
Mar 202002,46630.341.86$4,577
Feb 202002,27849.881.98$4,512
Jan 202002,47857.252.09$5,191
Dec 201902,50459.012.30$5,770
Nov 201902,36655.302.75$6,508
Oct 201902,50753.472.42$6,063
Sep 201902,45555.052.66$6,524
Aug 201902,57453.112.30$5,931
Jul 201902,60356.272.46$6,404
Jun 201902,56852.782.49$6,397
May 201902,51358.482.74$6,886
Apr 201902,47462.632.75$6,805
Mar 201902,62756.803.06$8,044
Feb 20191542,36750.852.79$14,440
Jan 201902,66946.033.23$8,616
Dec 201802,75646.594.19$11,535
Nov 201802,67352.934.24$11,326
Oct 201802,81661.443.40$9,569
Sep 201802,69459.543.11$8,373
Aug 201802,78559.403.07$8,540
Jul 201802,94165.142.93$8,623
Jun 201802,86660.183.08$8,818
May 20181722,96965.382.90$19,858
Apr 201802,92563.842.90$8,485
Mar 201842,97261.222.79$8,527
Feb 201802,74461.782.77$7,590
Jan 201803,03962.874.01$12,184
Dec 201702,84857.272.92$8,320
Nov 201702,92855.423.12$9,131
Oct 201702,92249.292.98$8,718
Sep 201702,86347.523.09$8,839
Aug 201702,80845.373.00$8,436
Jul 201702,88243.873.09$8,898
Jun 201702,95342.493.09$9,117
May 201702,64245.373.26$8,622
Apr 201702,50847.933.21$8,055
Mar 20171843,28746.772.98$18,413
Feb 2017068750.452.95$2,028
Jan 201703,00849.413.42$10,284
Dec 201602,98548.763.72$11,113
Nov 201602,96642.492.64$7,843
Oct 201603,02546.193.09$9,348
Sep 201602,93741.553.10$9,107
Aug 201603,07841.442.92$9,001
Jul 201603,06541.622.92$8,963
Jun 201602,96445.352.69$7,961
May 201603,07942.521.99$6,130
Apr 201602,97036.561.99$5,913
Mar 201603,29533.011.79$5,911
Feb 201602,76726.472.06$5,710
Jan 201603,13327.352.36$7,408
Dec 201503,22332.362.00$6,451
Nov 201503,09038.792.17$6,697
Oct 201503,28043.552.43$7,959
Sep 201503,16042.992.76$8,717
Aug 201503,24140.162.87$9,310
Jul 201503,28648.152.95$9,678
Jun 20151933,18256.152.88$20,010
May 201503,32055.212.96$9,812
Apr 20150649.822.71$16
Mar 201503,30542.892.93$9,699
Feb 201502,96144.662.98$8,813
Jan 201503,34343.433.10$10,365
Dec 201403,39554.693.59$12,193
Nov 201403,23770.464.25$13,763
Oct 201403,58178.303.90$13,969
Sep 201403,29386.164.05$13,322
Aug 201403,12489.394.04$12,606
Jul 201403,30196.564.18$13,797
Jun 201403,21598.164.74$15,229
May 201403,49294.734.73$16,505
Apr 201403,12295.944.81$15,014
Mar 201403,55495.895.06$17,972
Feb 20141913,24697.406.19$38,703
Jan 201403,61490.404.86$17,567
Dec 201303,74191.824.35$16,290
Nov 201303,78688.853.74$14,153
Oct 201303,84297.423.78$14,520
Sep 201303,934104.113.72$14,626
Aug 201304,258104.253.52$14,999
Jul 201303,938102.523.72$14,640
Jun 201303,44494.403.93$13,547
May 201303,80994.834.15$15,804
Apr 201303,58993.964.28$15,370
Mar 201303,70393.623.91$14,489
Feb 201303,36691.233.42$11,511
Jan 20131953,85691.603.42$31,049
Dec 201203,75686.773.42$12,846
Nov 201203,91986.953.62$14,206
Oct 201204,02189.383.40$13,670
Sep 201203,99694.672.92$11,662
Aug 201204,18292.662.91$12,162
Jul 201204,14685.133.02$12,524
Jun 201203,89579.822.52$9,812
May 201204,10491.612.49$10,212
Apr 201204,052101.652.00$8,091
Mar 201204,148105.052.22$9,217
Feb 201203,997101.102.57$10,273
Jan 20121863,91598.092.73$28,949
Dec 201103,95296.873.24$12,803
Nov 201103,79895.723.31$12,576
Oct 201104,01384.983.65$14,642
Sep 201104,13583.623.99$16,481
Aug 201104,37583.404.15$18,153
Jul 201104,17894.144.52$18,873
Jun 201104,00892.904.64$18,597
May 201114,15498.134.40$18,396
Apr 201104,017105.964.33$17,407
Mar 20111954,14196.364.06$35,592
Feb 201103,94185.644.18$16,473
Jan 201104,20186.504.59$19,277
Dec 201004,22085.734.35$18,348
Nov 201004,26280.843.80$16,176
Oct 201004,53678.103.51$15,916
Sep 201005,19872.633.98$20,685
Aug 201003,82573.684.42$16,904
Jul 201003,62172.554.74$17,151
Jun 201004,36570.364.91$21,434
May 201004,46571.124.24$18,910
Apr 201004,57481.694.12$18,857
Mar 201004,67178.394.39$20,499
Feb 2010994,33773.585.44$30,888
Jan 201004,92474.365.96$29,367
Dec 20091914,84471.445.48$40,208
Nov 200904,82974.593.75$18,116
Oct 200904,82272.544.11$19,820
Sep 200904,77065.543.06$14,619
Aug 200904,87867.423.22$15,700
Jul 200905,14561.133.46$17,825
Jun 200905,37066.163.90$20,916
May 200905,46754.743.93$21,462
Apr 200905,30046.773.59$19,014
Mar 20091945,58642.144.06$30,849
Feb 200905,54632.814.63$25,695
Jan 200905,18935.865.37$27,870
Dec 200802,76037.105.98$16,497
Nov 200805,17355.496.86$35,489
Oct 200805,38375.246.92$37,261
Sep 200804,548101.767.88$35,825
Aug 200805,088114.228.48$43,162
Jul 200805,880131.0811.39$66,970
Jun 200805,698131.3313.03$74,260
May 20081935,228123.1711.57$84,282
Apr 200805,584110.3110.45$58,380
Mar 200806,336101.909.66$61,232
Feb 200806,31692.538.77$55,395
Jan 20081964,76290.388.21$56,790
Dec 200708,21388.337.30$59,971
Nov 200705,81191.677.29$42,372
Oct 200705,65382.856.92$39,130
Sep 200703,03075.846.24$18,920
Aug 200703,92969.066.39$25,098
Jul 200715,06470.906.39$32,419
Jun 20071945,04562.007.55$50,110
May 200715,60558.747.85$44,037
Apr 200716,51959.617.81$50,942
Mar 20071996,08056.927.30$55,723
Feb 200705,93555.108.22$48,762
Jan 200705,93150.306.73$39,897
Dec 200617,36256.656.92$50,990
Nov 20061816,09454.207.62$56,231
Oct 200626,05554.906.01$36,523
Sep 200617,41360.085.04$37,401
Aug 20061806,07968.717.34$56,987
Jul 200617,21269.376.34$45,813
Jun 200617,45166.286.38$47,633
May 200617,59366.016.42$48,851
Apr 20061927,13164.397.36$64,850
Mar 200617,72756.707.08$54,786
Feb 200625,13257.597.75$39,894
Jan 20061958,29660.598.93$85,926
Dec 200518,26954.9413.42$110,987
Nov 200517,38554.6910.59$78,250
Oct 20051578,56958.3413.80$127,375
Sep 200516,38961.4512.08$77,234
Aug 200516,44761.519.80$63,222
Jul 20051916,51155.697.84$61,707
Jun 200516,43952.337.38$47,579
May 200504,32245.226.65$28,746
Apr 200503,77349.207.36$27,771
Mar 200504,09050.377.15$29,263
Feb 20051343,46145.226.31$27,905
Jan 200503,47743.166.32$21,982
Dec 200413,48539.866.75$23,567
Nov 20041605,85645.286.33$44,316
Oct 200406,10649.706.52$39,781
Sep 20041896,74843.245.28$43,828
Aug 200413,81142.375.55$21,196
Jul 200417614,09238.286.08$92,476
Jun 200419,08236.106.43$58,461
May 20041689,80837.486.49$69,995
Apr 200407,01434.475.86$41,091
Mar 200419,17434.365.53$50,768
Feb 200416,60132.455.51$36,401
Jan 200418,85832.036.30$55,834
Dec 20031868,86230.266.30$61,473
Nov 20031858,09828.804.60$42,540
Oct 200309,12828.174.76$43,446
Sep 200308,77526.314.75$41,676
Aug 200309,12029.765.13$46,783
Jul 200319,51829.415.17$49,245
Jun 200309,18428.565.98$54,948
May 200309,72726.595.97$58,096
Apr 200319,59826.675.41$51,926
Mar 200319,97431.146.10$60,833
Feb 20031749,22633.487.93$78,950
Jan 200312,40930.315.58$13,477
Dec 200208,60426.914.85$41,762
Nov 200208,03724.664.14$33,249
Oct 200217411,92526.464.23$55,036
Sep 2002010,42727.443.64$37,904
Aug 2002010,84425.963.16$34,312
Jul 200218411,95624.583.06$41,129
Jun 2002012,84423.733.34$42,876
May 2002011,67924.663.58$41,858
Apr 200218312,18323.653.51$47,119
Mar 200218013,90722.003.10$47,110
Feb 2002014,79918.222.38$35,158
Jan 20021826,84217.172.38$19,379
Dec 2001013,90916.932.36$32,886
Nov 2001015,16518.072.41$36,480
Oct 200117614,03419.782.53$38,972
Sep 2001012,11024.262.25$27,263
Aug 200118210,65924.873.05$37,070
Jul 2001014,36923.933.20$45,939
Jun 200118715,27824.563.82$63,018
May 200119013,35425.524.31$62,369
Apr 2001014,51624.685.34$77,448
Mar 2001015,98524.545.38$85,942
Feb 200136016,55427.755.77$105,458
Jan 2001016,19127.478.40$135,984
Dec 200018619,15126.889.12$179,705
Nov 200017620,69332.215.66$122,750
Oct 2000026,54631.235.15$136,592
Sep 200036033,12931.875.19$183,297
Aug 20003029.644.54$89
Jul 20000028.534.09$0
Jun 200005929.304.40$259
May 200018316,04027.263.68$64,012
Apr 2000018,85324.513.12$58,746
Mar 200018019,68828.422.86$61,418
Feb 200018126,09327.622.73$76,142
Jan 200036822,37825.272.48$64,808
Dec 1999012,43324.282.42$30,134
Nov 1999011,50523.192.43$28,003
Oct 1999012,59720.982.80$35,318
Sep 199935220,64521.752.62$61,722
Aug 1999017,96919.262.88$51,672
Jul 199935614,40317.892.37$40,538
Jun 1999018,59415.942.36$43,921
May 19991905,86815.792.32$16,620
Apr 1999019,33815.102.21$42,699
Mar 199918218,57512.471.84$36,417
Feb 1999015,3189.981.82$27,845
Jan 199918417,77910.381.90$35,689
Dec 1998017,6039.201.77$31,216
Nov 199818219,31310.892.19$44,195
Oct 199818518,27812.421.97$38,291
Sep 1998019,54712.592.08$40,709
Aug 1998019,17911.301.91$36,581
Jul 199817419,83411.742.24$46,417
Jun 199818425,79311.242.24$59,774
May 1998020,12512.622.21$44,403
Apr 199817722,94713.042.51$59,798
Mar 199818725,41212.802.31$61,081
Feb 1998021,33513.952.30$49,052
Jan 199817726,24314.702.15$59,150
Dec 199736627,50316.322.41$72,286
Nov 199735730,08818.193.09$99,413
Oct 1997037,32819.253.15$117,576
Sep 199734912,84317.742.95$44,141
Aug 1997028,27117.862.55$72,225
Jul 199735422,88217.582.25$57,638
Jun 1997023,07817.242.26$52,092
May 199735122,37318.972.31$58,307
Apr 1997023,72617.882.08$49,416
Mar 199735425,02518.951.94$55,235
Feb 199736323,19420.492.21$58,602
Jan 1997030,45223.483.54$107,791
Dec 199618325,66123.32$4,268
Nov 199636225,38621.97$7,953
Oct 199635725,84723.31$8,322
Sep 1996030,73122.22$0
Aug 199635737,55120.26$7,233
Jul 199635439,90219.55$6,921
Jun 199635738,95218.73$6,687
May 199635744,26019.43$6,937
Apr 199635739,34321.51$7,679
Mar 199654848,88519.38$10,620
Feb 1996044,26016.98$0
Jan 199636054,13417.07$6,145
Dec 199536456,72517.19$6,257
Nov 199556053,83816.00$8,960
Oct 199571158,17715.43$10,971
Sep 199535359,06516.18$5,712
Aug 199570864,29715.92$11,271
Jul 199553774,12115.24$8,184
Jun 199535875,62416.41$5,875
May 199552294,45217.56$9,166
Apr 1995715101,77817.73$12,677
Mar 199571579,35716.44$11,755
Feb 19951,07780,44216.58$17,857
Jan 199571696,53915.92$11,399
Dec 19941,279107,18515.03$19,223
Nov 19941,061117,70815.90$16,870
Oct 19941,074141,43515.58$16,733
Sep 19941,778154,34715.29$27,186
Aug 19941,775182,77616.13$28,631
Jul 19942,464203,87317.56$43,268
Jun 19942,473170,89217.09$42,264
May 19941,07266,19215.88$17,023
Apr 19943,516303,20314.14$49,716
Mar 19944,667353,70912.46$58,151
Feb 19944,679270,86212.50$58,488
Jan 19941,812277,58412.66$22,940

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                  230 Mcf  × $  3.05 =       $701

────────────────────────────────────────────────────
Month total                                     $701

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/148592 is the state's own key, not one this site invented.