HUBERT 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 149508District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.2 M
Mar 1994 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
387
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 Gas111994-10-26130773
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
CondensateDisposition71,224 bbl$1,365,406
GasProduction3,239,639 Mcf$2,812,016
Total$4,177,422

2,595,374 Mcf of this lease's gas, across 34 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 30.3145, -96.4827. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.31454, -96.48266 · 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
15,605 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 15,605 ft.

Completions filed
Mar 1994
1 of 1 wells

1 well

42-47730730115,605 ftMar 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 (387)

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

387 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 201537049.822.71$1,843
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150743.433.10$22
Dec 2014025254.693.59$905
Nov 2014039870.464.25$1,692
Oct 2014041278.303.90$1,607
Sep 2014048886.164.05$1,974
Aug 2014048289.394.04$1,945
Jul 201418460496.564.18$20,292
Jun 2014063698.164.74$3,013
May 2014056394.734.73$2,661
Apr 2014038695.944.81$1,856
Mar 2014036795.895.06$1,856
Feb 2014040697.406.19$2,514
Jan 2014034890.404.86$1,692
Dec 2013033791.824.35$1,467
Nov 2013045888.853.74$1,712
Oct 2013051297.423.78$1,935
Sep 20130565104.113.72$2,101
Aug 20130686104.253.52$2,417
Jul 20130768102.523.72$2,855
Jun 2013081894.403.93$3,218
May 2013085694.834.15$3,552
Apr 2013050093.964.28$2,141
Mar 2013077193.623.91$3,017
Feb 2013082391.233.42$2,815
Jan 2013065291.603.42$2,230
Dec 201201,14786.773.42$3,923
Nov 2012083286.953.62$3,016
Oct 2012079089.383.40$2,686
Sep 2012064294.672.92$1,874
Aug 2012097592.662.91$2,835
Jul 20121751,03685.133.02$18,027
Jun 2012098979.822.52$2,491
May 201201,05491.612.49$2,623
Apr 20120961101.652.00$1,919
Mar 20120985105.052.22$2,189
Feb 20120916101.102.57$2,354
Jan 201201,01498.092.73$2,772
Dec 201101,09796.873.24$3,554
Nov 201101,10595.723.31$3,659
Oct 2011093284.983.65$3,400
Sep 2011097683.623.99$3,890
Aug 2011082683.404.15$3,427
Jul 2011093794.144.52$4,233
Jun 2011080092.904.64$3,712
May 201101,30798.134.40$5,757
Apr 201101,207105.964.33$5,230
Mar 20111851,39096.364.06$23,466
Feb 201101,06885.644.18$4,464
Jan 201101,25586.504.59$5,759
Dec 201001,17685.734.35$5,113
Nov 201001,19680.843.80$4,539
Oct 201001,22978.103.51$4,312
Sep 201001,13872.633.98$4,529
Aug 201001,07273.684.42$4,738
Jul 201001,11372.554.74$5,272
Jun 201001,05270.364.91$5,166
May 201001,20071.124.24$5,082
Apr 20101961,01581.694.12$20,196
Mar 201001,24778.394.39$5,473
Feb 201001,12373.585.44$6,112
Jan 201001,11074.365.96$6,620
Dec 200901,15271.445.48$6,317
Nov 200901,03274.593.75$3,872
Oct 200901,11872.544.11$4,595
Sep 200901,10565.543.06$3,387
Aug 200901,23967.423.22$3,988
Jul 200901,25261.133.46$4,338
Jun 200901,18666.163.90$4,619
May 200901,33454.743.93$5,237
Apr 200901,34546.773.59$4,825
Mar 20091961,42942.144.06$14,060
Feb 200901,16232.814.63$5,384
Jan 200901,34535.865.37$7,224
Dec 200801,33137.105.98$7,956
Nov 200801,40255.496.86$9,618
Oct 200801,72375.246.92$11,927
Sep 200801,346101.767.88$10,603
Aug 200801,471114.228.48$12,479
Jul 200801,750131.0811.39$19,932
Jun 200801,465131.3313.03$19,093
May 200801,716123.1711.57$19,861
Apr 20080779110.3110.45$8,144
Mar 20081941,526101.909.66$34,516
Feb 200801,44292.538.77$12,647
Jan 200801,62390.388.21$13,318
Dec 200701,68088.337.30$12,267
Nov 200701,71791.677.29$12,520
Oct 200701,80882.856.92$12,515
Sep 200701,83475.846.24$11,452
Aug 200711,83969.066.39$11,816
Jul 200701,79970.906.39$11,492
Jun 20071791,86562.007.55$25,176
May 200721,79458.747.85$14,194
Apr 200711,87959.617.81$14,726
Mar 200702,01756.927.30$14,728
Feb 200701,80455.108.22$14,822
Jan 200702,11350.306.73$14,214
Dec 200632,44556.656.92$17,086
Nov 20062032,69254.207.62$31,509
Oct 200603,26554.906.01$19,635
Sep 200613,78660.085.04$19,131
Aug 200603,04468.717.34$22,343
Jul 20061832,86169.376.34$30,841
Jun 200622,74066.286.38$17,624
May 200622,98466.016.42$19,304
Apr 200613,03064.397.36$22,367
Mar 200634,12556.707.08$29,387
Feb 200622,13657.597.75$16,672
Jan 20061943,47360.598.93$42,780
Dec 200523,05554.9413.42$41,094
Nov 200523,29954.6910.59$35,041
Oct 20051793,45958.3413.80$58,162
Sep 200532,82561.4512.08$34,308
Aug 200513,15761.519.80$30,990
Jul 200524,06055.697.84$31,957
Jun 20051844,06652.337.38$39,640
May 200533,78045.226.65$25,277
Apr 200513,36349.207.36$24,802
Mar 20051973,23750.377.15$33,083
Feb 200503,23045.226.31$20,388
Jan 200513,81543.166.32$24,162
Dec 20041944,53239.866.75$38,329
Nov 20041986,24845.286.33$48,518
Oct 200416,97349.706.52$45,479
Sep 20041796,08943.245.28$39,914
Aug 200495,65542.375.55$31,770
Jul 200423,21538.286.08$19,637
Jun 20041792,79536.106.43$24,442
May 200423,03937.486.49$19,812
Apr 20042013,20334.475.86$25,693
Mar 200413,70634.365.53$20,529
Feb 20042023,23432.455.51$24,373
Jan 200443,39632.036.30$21,522
Dec 20031903,99630.266.30$30,931
Nov 200324,10028.804.60$18,898
Oct 20031974,53328.174.76$27,125
Sep 200324,63126.314.75$22,047
Aug 20032035,32129.765.13$33,337
Jul 200326,58629.415.17$34,114
Jun 20031848,03828.565.98$53,346
May 20031921,03826.595.97$11,305
Apr 20033514,29026.675.41$78,203
Mar 2003153831.146.10$3,311
Feb 20030033.487.93$0
Jan 20031151,63930.315.58$12,635
Dec 200201,69826.914.85$8,242
Nov 20021741,51024.664.14$10,538
Oct 200201,74726.464.23$7,388
Sep 200201,70227.443.64$6,187
Aug 200201,96725.963.16$6,224
Jul 200201,65624.583.06$5,070
Jun 20021541,74223.733.34$9,470
May 200201,41624.663.58$5,075
Apr 200201,45823.653.51$5,121
Mar 200201,00322.003.10$3,112
Feb 200201,21918.222.38$2,896
Jan 20021582,28617.172.38$8,144
Dec 200102,13716.932.36$5,053
Nov 20011762,52518.072.41$9,254
Oct 200102,83819.782.53$7,177
Sep 200102,18524.262.25$4,919
Aug 20011682,86024.873.05$12,910
Jul 200103,07023.933.20$9,815
Jun 20011743,18724.563.82$16,461
May 20011753,27625.524.31$18,577
Apr 200103,03124.685.34$16,171
Mar 20011812,90224.545.38$20,044
Feb 200101,36127.755.77$7,849
Jan 20011863,08827.478.40$31,045
Dec 200003,19426.889.12$29,137
Nov 20001862,82132.215.66$21,952
Oct 20001773,23131.235.15$22,153
Sep 200003,20131.875.19$16,602
Aug 20001843,81629.644.54$22,781
Jul 20001863,93728.534.09$21,408
Jun 200004,07729.304.40$17,928
May 20001734,13427.263.68$19,928
Apr 200004,38624.513.12$13,667
Mar 20001874,72628.422.86$18,830
Feb 20003604,33627.622.73$21,765
Jan 200004,66825.272.48$11,579
Dec 199904,74324.282.42$11,496
Nov 19991864,25923.192.43$14,680
Oct 19991864,56420.982.80$16,698
Sep 199904,60221.752.62$12,052
Aug 19991644,62219.262.88$16,450
Jul 19991774,66117.892.37$14,224
Jun 199904,35315.942.36$10,282
May 19991764,51315.792.32$13,254
Apr 19991784,36315.102.21$12,322
Mar 199904,48212.471.84$8,239
Feb 19991824,2639.981.82$9,566
Jan 19991814,85710.381.90$11,107
Dec 199805,1439.201.77$9,120
Nov 19981805,23610.892.19$13,405
Oct 19981765,30912.421.97$12,640
Sep 199805,21512.592.08$10,861
Aug 19981755,46011.301.91$12,392
Jul 19981865,83211.742.24$15,231
Jun 19981916,09611.242.24$15,785
May 199806,68012.622.21$14,738
Apr 19981806,60913.042.51$18,905
Mar 19981817,07212.802.31$18,649
Feb 19983627,00613.952.30$21,158
Jan 199804,63614.702.15$9,990
Dec 19973375,62916.322.41$19,072
Nov 199707,30918.193.09$22,572
Oct 19973567,58719.253.15$30,751
Sep 199709,05417.742.95$26,753
Aug 199717710,53617.862.55$30,078
Jul 199735512,22217.582.25$33,703
Jun 199734811,96317.242.26$33,002
May 199718012,70818.972.31$32,751
Apr 199715812,20517.882.08$28,245
Mar 199733813,71118.951.94$32,993
Feb 199735114,15520.492.21$38,417
Jan 199735014,06823.483.54$58,015
Dec 199633410,53423.32$7,789
Nov 19961809,95021.97$3,955
Oct 199635618,95923.31$8,298
Sep 199635419,01622.22$7,866
Aug 199635622,14820.26$7,213
Jul 199618222,00619.55$3,558
Jun 199635422,52018.73$6,630
May 199635423,09919.43$6,878
Apr 199670914,64021.51$15,251
Mar 199669520,97019.38$13,469
Feb 199636418,14316.98$6,181
Jan 199671727,71417.07$12,239
Dec 199574131,36817.19$12,738
Nov 199571832,49816.00$11,488
Oct 199566134,95015.43$10,199
Sep 199586737,86116.18$14,028
Aug 19951,07545,36115.92$17,114
Jul 199582247,09115.24$12,527
Jun 19951,08950,09516.41$17,870
May 19951,23157,90617.56$21,616
Apr 19951,40061,88617.73$24,822
Mar 19951,84574,24816.44$30,332
Feb 19951,63874,27516.58$27,158
Jan 19952,34491,73815.92$37,316
Dec 19942,693114,07015.03$40,476
Nov 19943,226133,01215.90$51,293
Oct 19942,945143,99815.58$45,883
Sep 19943,206160,13915.29$49,020
Aug 19943,754183,82616.13$60,552
Jul 19943,688162,27817.56$64,761
Jun 19944,772228,37017.09$81,553
May 19946,173291,41815.88$98,027
Apr 19947,525290,65814.14$106,404
Mar 19943218,62912.46$399

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.

Apr 2015 — as filed, then multipliedworked
Condensate            37 bbl  × $ 49.82 =     $1,843
Gas                    0 Mcf  × $  2.71 =         $0

────────────────────────────────────────────────────
Month total                                   $1,843

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/149508 is the state's own key, not one this site invented.