SELECTED LANDS - PAVALOCK 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 150481District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Jun 1994 – May 2026
Value, last 12 filed months
$36 k
at the published price for each month
Months reported
384
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 Gas111995-03-03131632
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
CondensateDisposition104,434 bbl$2,112,147
GasProduction2,135,089 Mcf$2,280,347
Total$4,392,494

1,536,592 Mcf of this lease's gas, across 30 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 30.4864, -96.1729. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.48643, -96.17292 · 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
15,885 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 15,885 ft.

Completions filed
Jun 1994
1 of 1 wells

1 well

42-04131811115,885 ftJun 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 (384)

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

384 months

May 2026043106.413.05$131
Apr 20261633998.932.87$16,238
Mar 20260089.753.15$0
Feb 202601763.503.75$64
Jan 202611959.138.00$211
Dec 2025266356.664.41$3,039
Nov 2025125958.593.93$1,076
Oct 2025069159.383.30$2,284
Sep 2025037862.743.08$1,163
Aug 20259956663.933.01$8,035
Jul 2025051766.743.32$1,714
Jun 2025051366.483.13$1,605
May 2025038060.553.23$1,228
Apr 2025047762.363.54$1,690
Mar 2025052867.704.27$2,254
Feb 2025031970.884.34$1,385
Jan 2025080774.324.28$3,453
Dec 2024072168.993.12$2,251
Nov 2024038169.052.20$838
Oct 202418358271.372.28$14,388
Sep 2024055469.612.36$1,310
Aug 2024784775.632.06$2,277
Jul 2024168879.932.15$1,557
Jun 2024070178.082.63$1,846
May 202431,48978.812.20$3,510
Apr 20241776,19484.451.66$25,225
Mar 202401,45680.301.55$2,250
Feb 2024014576.091.78$259
Jan 202407273.023.30$237
Dec 20230871.262.61$21
Nov 2023011277.892.81$314
Oct 202306485.443.09$198
Sep 2023011989.042.74$325
Aug 202306180.522.67$163
Jul 202305774.852.64$151
Jun 2023011168.962.26$251
May 2023010170.622.23$225
Apr 202307078.122.24$157
Mar 202309272.852.39$220
Feb 20230275.112.47$5
Jan 2023012176.533.39$410
Dec 202205076.415.73$286
Nov 202209685.005.65$542
Oct 202208187.185.86$475
Sep 202207384.888.16$596
Aug 202205594.529.13$502
Jul 2022054101.587.54$407
Jun 2022036115.097.98$287
May 2022043109.378.43$363
Apr 2022093104.226.84$636
Mar 2022073108.885.08$371
Feb 202208891.054.86$428
Jan 20220081.844.54$0
Dec 2021016971.323.90$659
Nov 20210077.435.24$0
Oct 202104479.795.71$251
Sep 202106269.865.35$332
Aug 202106766.024.22$283
Jul 202109570.783.98$378
Jun 202109969.493.38$335
May 2021011263.483.02$338
Apr 2021015360.362.76$422
Mar 202109661.302.72$261
Feb 20210557.805.55$28
Jan 202108050.412.81$225
Dec 202006244.642.68$166
Nov 202007938.772.71$214
Oct 202002936.972.48$72
Sep 2020013137.091.99$261
Aug 2020010539.982.39$250
Jul 20200038.371.83$0
Jun 2020022034.901.69$372
May 20200016.921.81$0
Apr 20200914.751.80$16
Mar 2020011530.341.86$213
Feb 202016813649.881.98$8,649
Jan 20200357.252.09$6
Dec 2019039459.012.30$908
Nov 2019017555.302.75$481
Oct 2019079153.472.42$1,913
Sep 20190055.052.66$0
Aug 2019019053.112.30$438
Jul 2019026856.272.46$659
Jun 2019038552.782.49$959
May 2019025858.482.74$707
Apr 2019025362.632.75$696
Mar 2019020656.803.06$631
Feb 2019016650.852.79$464
Jan 2019033646.033.23$1,085
Dec 2018031746.594.19$1,327
Nov 2018014452.934.24$610
Oct 2018056261.443.40$1,910
Sep 201818146959.543.11$12,234
Aug 2018031659.403.07$969
Jul 2018032665.142.93$956
Jun 2018050160.183.08$1,542
May 2018059065.382.90$1,711
Apr 2018031063.842.90$899
Mar 2018052361.222.79$1,458
Feb 2018038361.782.77$1,059
Jan 2018050862.874.01$2,037
Dec 2017041657.272.92$1,215
Nov 201717742755.423.12$11,141
Oct 2017039849.292.98$1,188
Sep 2017021047.523.09$648
Aug 201708145.373.00$243
Jul 2017046243.873.09$1,426
Jun 2017043842.493.09$1,352
May 2017038645.373.26$1,260
Apr 2017052647.933.21$1,689
Mar 2017046646.772.98$1,390
Feb 2017029450.452.95$868
Jan 2017040449.413.42$1,381
Dec 2016043048.763.72$1,601
Nov 2016049342.492.64$1,304
Oct 2016042546.193.09$1,313
Sep 201619339541.553.10$9,244
Aug 2016039841.442.92$1,164
Jul 2016046441.622.92$1,357
Jun 2016047045.352.69$1,262
May 2016038142.521.99$759
Apr 2016041936.561.99$834
Mar 2016052233.011.79$936
Feb 2016028726.472.06$592
Jan 2016050027.352.36$1,182
Dec 2015051332.362.00$1,027
Nov 2015054038.792.17$1,170
Oct 2015053843.552.43$1,306
Sep 2015062942.992.76$1,735
Aug 2015041340.162.87$1,186
Jul 2015045048.152.95$1,325
Jun 201518965656.152.88$12,504
May 2015051355.212.96$1,516
Apr 2015055949.822.71$1,513
Mar 2015043842.892.93$1,285
Feb 2015040844.662.98$1,214
Jan 2015068643.433.10$2,127
Dec 2014046354.693.59$1,663
Nov 2014064570.464.25$2,742
Oct 2014066278.303.90$2,582
Sep 2014050286.164.05$2,031
Aug 201418364789.394.04$18,969
Jul 2014048596.564.18$2,027
Jun 2014028598.164.74$1,350
May 2014052594.734.73$2,481
Apr 2014062495.944.81$3,001
Mar 2014063395.895.06$3,201
Feb 2014061297.406.19$3,790
Jan 201419460090.404.86$20,454
Dec 2013053091.824.35$2,308
Nov 2013077488.853.74$2,893
Oct 2013066997.423.78$2,528
Sep 20130625104.113.72$2,324
Aug 20130707104.253.52$2,490
Jul 20130728102.523.72$2,707
Jun 2013073694.403.93$2,895
May 2013060894.834.15$2,523
Apr 2013089993.964.28$3,850
Mar 201318961093.623.91$20,081
Feb 2013043891.233.42$1,498
Jan 2013071391.603.42$2,438
Dec 2012076786.773.42$2,623
Nov 2012077086.953.62$2,791
Oct 2012072689.383.40$2,468
Sep 2012087894.672.92$2,562
Aug 2012092192.662.91$2,678
Jul 20121921,01485.133.02$19,408
Jun 2012070779.822.52$1,781
May 2012091491.612.49$2,274
Apr 20120947101.652.00$1,891
Mar 20120796105.052.22$1,769
Feb 20120854101.102.57$2,195
Jan 2012094998.092.73$2,595
Dec 201119452496.873.24$20,490
Nov 2011081795.723.31$2,705
Oct 2011076684.983.65$2,795
Sep 201101,07783.623.99$4,293
Aug 2011069283.404.15$2,871
Jul 2011091194.144.52$4,115
Jun 201118975392.904.64$21,052
May 2011070198.134.40$3,088
Apr 20110914105.964.33$3,961
Mar 2011090096.364.06$3,652
Feb 2011061585.644.18$2,571
Jan 201119592886.504.59$21,126
Dec 2010057485.734.35$2,496
Nov 2010079180.843.80$3,002
Oct 2010088678.103.51$3,109
Sep 2010083572.633.98$3,323
Aug 2010072973.684.42$3,222
Jul 2010073872.554.74$3,496
Jun 2010090870.364.91$4,459
May 20101921,32771.124.24$19,275
Apr 2010089181.694.12$3,673
Mar 201001,01478.394.39$4,450
Feb 2010082973.585.44$4,512
Jan 2010080474.365.96$4,795
Dec 2009086071.445.48$4,716
Nov 2009072074.593.75$2,701
Oct 2009072072.544.11$2,959
Sep 2009075065.543.06$2,299
Aug 2009086967.423.22$2,797
Jul 200901,04661.133.46$3,624
Jun 2009088366.163.90$3,439
May 200901,00154.743.93$3,930
Apr 2009082246.773.59$2,949
Mar 200901,23342.144.06$5,005
Feb 200901,10832.814.63$5,133
Jan 20091831,19635.865.37$12,986
Dec 2008095637.105.98$5,714
Nov 2008074955.496.86$5,138
Oct 200801,00975.246.92$6,984
Sep 20080838101.767.88$6,601
Aug 20081821,038114.228.48$29,593
Jul 200801,030131.0811.39$11,731
Jun 200801,042131.3313.03$13,580
May 200801,120123.1711.57$12,963
Apr 200801,112110.3110.45$11,626
Mar 20080977101.909.66$9,442
Feb 20081791,13492.538.77$26,509
Jan 200801,09890.388.21$9,010
Dec 200701,03288.337.30$7,536
Nov 200701,21591.677.29$8,859
Oct 200718197682.856.92$21,752
Sep 200701,07875.846.24$6,731
Aug 200701,19669.066.39$7,640
Jul 200701,53870.906.39$9,825
Jun 20071811,40062.007.55$21,790
May 200701,50658.747.85$11,817
Apr 200701,07259.617.81$8,367
Mar 200701,66456.927.30$12,150
Feb 200701,17655.108.22$9,662
Jan 20071801,41850.306.73$18,593
Dec 200601,50356.656.92$10,398
Nov 200601,39154.207.62$10,596
Oct 20061811,48454.906.01$18,861
Sep 200601,62160.085.04$8,165
Aug 200602,30268.717.34$16,897
Jul 200611,07769.376.34$6,901
Jun 200601,55466.286.38$9,921
May 20061631,85466.016.42$22,672
Apr 200601,79664.397.36$13,219
Mar 20061852,05556.707.08$25,045
Feb 200601,92057.597.75$14,882
Jan 200622,03660.598.93$18,309
Dec 200521,79554.9413.42$24,191
Nov 20051912,05154.6910.59$32,163
Oct 200501,89958.3413.80$26,198
Sep 200532,09361.4512.08$25,466
Aug 20051601,93861.519.80$28,828
Jul 200512,27055.697.84$17,861
Jun 20051592,30252.337.38$25,312
May 200522,09445.226.65$14,018
Apr 20051832,44949.207.36$27,029
Mar 200522,26550.377.15$16,307
Feb 200512,27345.226.31$14,392
Jan 20051872,57543.166.32$24,351
Dec 200442,09339.866.75$14,289
Nov 20041622,33145.286.33$22,092
Oct 20041842,46749.706.52$25,218
Sep 200412,57843.245.28$13,665
Aug 20041012,28542.375.55$16,963
Jul 200453,11538.286.08$19,144
Jun 20041873,04636.106.43$26,346
May 20041993,07837.486.49$27,449
Apr 20041994,29934.475.86$32,045
Mar 20043886,87134.365.53$51,329
Feb 20042027,74032.455.51$49,199
Jan 2004654,25532.036.30$28,887
Dec 2003040230.266.30$2,533
Nov 2003198228.804.60$4,541
Oct 2003185628.174.76$4,102
Sep 2003062626.314.75$2,973
Aug 2003067229.765.13$3,447
Jul 200317843529.415.17$7,484
Jun 2003050428.565.98$3,015
May 2003059626.595.97$3,560
Apr 2003199826.675.41$5,423
Mar 20031832,19731.146.10$19,092
Feb 200311,09533.487.93$8,712
Jan 2003133130.315.58$1,878
Dec 200261,29126.914.85$6,428
Nov 20021761,07024.664.14$8,767
Oct 200263,86626.464.23$16,509
Sep 20021821,30127.443.64$9,723
Aug 2002048725.963.16$1,541
Jul 200201,14824.583.06$3,515
Jun 200202,50623.733.34$8,366
May 20021772,47224.663.58$13,224
Apr 200202,64023.653.51$9,273
Mar 20021852,35122.003.10$11,364
Feb 200201,73618.222.38$4,124
Jan 20021732,79917.172.38$9,620
Dec 20011792,44516.932.36$8,811
Nov 200101,86218.072.41$4,479
Oct 20011652,79719.782.53$10,337
Sep 20011702,01424.262.25$8,658
Aug 200102,51524.873.05$7,679
Jul 20011641,92523.933.20$10,079
Jun 200102,25424.563.82$8,620
May 20011802,44625.524.31$15,129
Apr 20011582,49424.685.34$17,206
Mar 20011632,81124.545.38$19,113
Feb 200102,34127.755.77$13,501
Jan 20011782,67327.478.40$27,340
Dec 20001753,49626.889.12$36,596
Nov 20001764,58832.215.66$31,628
Oct 20001662,43431.235.15$17,708
Sep 200002,49031.875.19$12,914
Aug 20001653,12629.644.54$19,085
Jul 20001582,00628.534.09$12,712
Jun 20001782,42529.304.40$15,879
May 200002,31427.263.68$8,515
Apr 20003552,83224.513.12$17,526
Mar 200002,89028.422.86$8,265
Feb 20001802,57727.622.73$11,998
Jan 20001834,79825.272.48$16,526
Dec 19993663,35824.282.42$17,025
Nov 199954,86423.192.43$11,955
Oct 19991854,04620.982.80$15,225
Sep 19992117021.752.62$902
Aug 19995304,64219.262.88$23,556
Jul 199955,14117.892.37$12,286
Jun 19993585,22115.942.36$18,039
May 199905,84915.792.32$13,576
Apr 19993635,76515.102.21$18,211
Mar 19991836,37912.471.84$14,009
Feb 19993675,8409.981.82$14,279
Jan 1999126,62010.381.90$12,702
Dec 19983636,8159.201.77$15,425
Nov 19983176,32410.892.19$17,275
Oct 19981847,42512.421.97$16,907
Sep 19981826,52212.592.08$15,874
Aug 19983667,26811.301.91$17,998
Jul 19981867,41311.742.24$18,769
Jun 199837116,36211.242.24$40,776
May 19983687,70312.622.21$21,640
Apr 19983618,28813.042.51$25,472
Mar 19983678,29412.802.31$23,852
Feb 19983585,68613.952.30$18,067
Jan 19983556,67314.702.15$19,597
Dec 19973937,22216.322.41$23,827
Nov 19973608,33818.193.09$32,298
Oct 199736510,67819.253.15$40,660
Sep 19973617,90117.742.95$29,751
Aug 19977209,10617.862.55$36,123
Jul 199735016,50917.582.25$43,248
Jun 199776521,14317.242.26$60,913
May 19971,03038,80518.972.31$109,120
Apr 199782,72317.882.08$5,814
Mar 19970018.951.94$0
Feb 19970720.492.21$15
Jan 19975273,27623.483.54$23,970
Dec 199638113,50323.32$8,885
Nov 199635718,00921.97$7,843
Oct 19961,06524,01323.31$24,825
Sep 19960022.22$0
Aug 19963607,04320.26$7,294
Jul 199670916,76119.55$13,861
Jun 199670616,49218.73$13,223
May 19963549,68119.43$6,878
Apr 199672119,43021.51$15,509
Mar 19961,07421,04719.38$20,814
Feb 19961,07624,49216.98$18,270
Jan 199674029,96217.07$12,632
Dec 19951,26124,69617.19$21,677
Nov 199589129,63816.00$14,256
Oct 19951,08431,33115.43$16,726
Sep 19951,32442,32816.18$21,422
Aug 19951,60249,10215.92$25,504
Jul 19951,92854,07815.24$29,383
Jun 19951,97556,72416.41$32,410
May 19952,49758,63917.56$43,847
Apr 19951,25935,22417.73$22,322
Mar 19952,15843,46616.44$35,478
Feb 19952,17843,26516.58$36,111
Jan 19952,89950,82815.92$46,152
Dec 19942,93060,88015.03$44,038
Nov 19944,29585,01115.90$68,291
Oct 19945,39797,29215.58$84,085
Sep 19947,306118,71415.29$111,709
Aug 199410,411152,94416.13$167,929
Jul 199413,061173,72217.56$229,351
Jun 19949,740128,27717.09$166,457

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                   43 Mcf  × $  3.05 =       $131

────────────────────────────────────────────────────
Month total                                     $131

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/150481 is the state's own key, not one this site invented.