GORBET

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 150973District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.9 M
Jun 1994 – May 2026
Value, last 12 filed months
$104 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 Gas221994-11-14 – 2013-03-082 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
CondensateDisposition67,306 bbl$1,268,698
GasProduction8,756,041 Mcf$6,626,787
Total$7,895,485

6,811,240 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 30.5340, -96.0590. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.53395, -96.05899 · 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
14,431 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 14,431 ft.

Completions filed
Dec 2009
1 of 1 wells

1 well

42-185304511H14,431 ftDec 2009

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 202612,564106.413.05$7,916
Apr 202612,21498.932.87$6,452
Mar 202611,30389.753.15$4,193
Feb 202622,62763.503.75$9,979
Jan 202611,91159.138.00$15,343
Dec 202532,80856.664.41$12,563
Nov 202512,98358.593.93$11,771
Oct 202501,56559.383.30$5,172
Sep 202502,02062.743.08$6,215
Aug 202512,29263.933.01$6,974
Jul 202512,51966.743.32$8,418
Jun 202522,87566.483.13$9,128
May 202532,70760.553.23$8,932
Apr 202543,30162.363.54$11,945
Mar 202532,64967.704.27$11,510
Feb 202502,09570.884.34$9,094
Jan 2025712,51574.324.28$16,038
Dec 202402,86868.993.12$8,952
Nov 202402,56069.052.20$5,628
Oct 202401,95371.372.28$4,456
Sep 202402,43869.612.36$5,764
Aug 202432,74775.632.06$5,896
Jul 202402,90979.932.15$6,244
Jun 202402,93778.082.63$7,736
May 202411,86178.812.20$4,170
Apr 202402,52284.451.66$4,185
Mar 202402,45580.301.55$3,793
Feb 202412,17676.091.78$3,957
Jan 20241762,44973.023.30$20,927
Dec 202302,51471.262.61$6,563
Nov 202302,42577.892.81$6,808
Oct 202302,64985.443.09$8,178
Sep 202302,59489.042.74$7,095
Aug 202302,73880.522.67$7,318
Jul 202312,85774.852.64$7,622
Jun 202302,70268.962.26$6,102
May 202323,08370.622.23$7,008
Apr 202303,08878.122.24$6,910
Mar 202313,17572.852.39$7,671
Feb 202323,15875.112.47$7,937
Jan 202303,66576.533.39$12,416
Dec 202233,57576.415.73$20,711
Nov 202203,44485.005.65$19,446
Oct 202223,28987.185.86$19,460
Sep 202202,99784.888.16$24,467
Aug 202203,67094.529.13$33,497
Jul 20221772,698101.587.54$38,328
Jun 202223,299115.097.98$26,547
May 202203,483109.378.43$29,372
Apr 202203,263104.226.84$22,311
Mar 202203,195108.885.08$16,219
Feb 202213,09591.054.86$15,129
Jan 202233,45281.844.54$15,910
Dec 202112,86971.323.90$11,258
Nov 202113,36677.435.24$17,705
Oct 202113,56679.795.71$20,455
Sep 202103,52869.865.35$18,878
Aug 202103,48166.024.22$14,692
Jul 202103,24070.783.98$12,902
Jun 202103,18069.493.38$10,750
May 202103,81063.483.02$11,497
Apr 202103,78460.362.76$10,438
Mar 20211934,03561.302.72$22,794
Feb 202103,07957.805.55$17,082
Jan 202102,93250.412.81$8,240
Dec 202003,26444.642.68$8,733
Nov 202003,78438.772.71$10,242
Oct 202004,13536.972.48$10,248
Sep 202003,95537.091.99$7,875
Aug 202003,63939.982.39$8,679
Jul 202004,12038.371.83$7,519
Jun 202043,92334.901.69$6,771
May 202004,10916.921.81$7,457
Apr 202014,03714.751.80$7,299
Mar 202004,36030.341.86$8,093
Feb 202004,12449.881.98$8,168
Jan 202004,41357.252.09$9,244
Dec 201903,03459.012.30$6,991
Nov 201901,13255.302.75$3,114
Oct 201904,84753.472.42$11,723
Sep 201905,70455.052.66$15,157
Aug 201904,37753.112.30$10,086
Jul 20190056.272.46$0
Jun 2019043852.782.49$1,091
May 201902,02558.482.74$5,549
Apr 201902,62762.632.75$7,226
Mar 201901,63056.803.06$4,991
Feb 201903,41550.852.79$9,535
Jan 201903,44646.033.23$11,124
Dec 201803,49246.594.19$14,616
Nov 201801,67252.934.24$7,085
Oct 201813,18961.443.40$10,898
Sep 20181932,86559.543.11$20,396
Aug 201803,44759.403.07$10,570
Jul 201804,56765.142.93$13,390
Jun 201801,72760.183.08$5,314
May 201801,92165.382.90$5,572
Apr 201801,95063.842.90$5,657
Mar 201802,02461.222.79$5,641
Feb 201801,76361.782.77$4,877
Jan 201802,19962.874.01$8,816
Dec 201702,37357.272.92$6,933
Nov 201702,48055.423.12$7,734
Oct 201702,88249.292.98$8,599
Sep 201703,10547.523.09$9,586
Aug 201703,09845.373.00$9,308
Jul 201701,97443.873.09$6,094
Jun 201702,66242.493.09$8,218
May 201703,16945.373.26$10,342
Apr 201704,10947.933.21$13,196
Mar 201704,53546.772.98$13,531
Feb 201701,45150.452.95$4,284
Jan 201706,02449.413.42$20,595
Dec 2016026948.763.72$1,001
Nov 2016246442.492.64$1,312
Oct 2016048846.193.09$1,508
Sep 2016039641.553.10$1,228
Aug 2016047641.442.92$1,392
Jul 201601,04941.622.92$3,068
Jun 201602,18245.352.69$5,860
May 201602,32042.521.99$4,619
Apr 201602,56736.561.99$5,111
Mar 201603,24733.011.79$5,825
Feb 201603,19826.472.06$6,599
Jan 20161853,54227.352.36$13,434
Dec 201503,67332.362.00$7,351
Nov 201503,54838.792.17$7,690
Oct 201502,58143.552.43$6,263
Sep 201502,92542.992.76$8,068
Aug 201503,73340.162.87$10,723
Jul 201503,35548.152.95$9,881
Jun 201502,10856.152.88$6,077
May 201503,43955.212.96$10,164
Apr 201503,69449.822.71$9,998
Mar 201503,75642.892.93$11,023
Feb 201503,44544.662.98$10,253
Jan 201503,72343.433.10$11,544
Dec 201403,84754.693.59$13,816
Nov 201404,00770.464.25$17,037
Oct 201404,11078.303.90$16,033
Sep 201403,97986.164.05$16,097
Aug 201403,85489.394.04$15,551
Jul 20141653,82396.564.18$31,911
Jun 201403,93198.164.74$18,621
May 201403,79894.734.73$17,951
Apr 201403,58595.944.81$17,241
Mar 201403,64595.895.06$18,432
Feb 201403,37997.406.19$20,923
Jan 201403,74290.404.86$18,189
Dec 201303,81091.824.35$16,591
Nov 201303,79988.853.74$14,202
Oct 201303,84997.423.78$14,547
Sep 201303,703104.113.72$13,767
Aug 201303,828104.253.52$13,485
Jul 201303,799102.523.72$14,124
Jun 201303,70294.403.93$14,561
May 20131753,96294.834.15$33,034
Apr 201303,86793.964.28$16,561
Mar 201304,23993.623.91$16,587
Feb 201303,48191.233.42$11,905
Jan 201303,89491.603.42$13,317
Dec 201204,22986.773.42$14,464
Nov 201204,16786.953.62$15,105
Oct 201204,64289.383.40$15,781
Sep 201204,10394.672.92$11,974
Aug 201204,29892.662.91$12,499
Jul 201204,21885.133.02$12,742
Jun 201204,27479.822.52$10,766
May 201205,20991.612.49$12,962
Apr 201204,226101.652.00$8,438
Mar 20121874,790105.052.22$30,288
Feb 201204,986101.102.57$12,815
Jan 201204,45198.092.73$12,169
Dec 201104,59796.873.24$14,893
Nov 201105,14295.723.31$17,027
Oct 201104,52684.983.65$16,513
Sep 201104,37783.623.99$17,446
Aug 20111944,90783.404.15$36,540
Jul 201104,96794.144.52$22,437
Jun 201103,60392.904.64$16,717
May 201103,95398.134.40$17,412
Apr 201104,772105.964.33$20,678
Mar 201104,38696.364.06$17,795
Feb 201103,88285.644.18$16,227
Jan 201104,83686.504.59$22,191
Dec 201004,69085.734.35$20,391
Nov 201004,25580.843.80$16,149
Oct 201005,25578.103.51$18,439
Sep 201004,26072.633.98$16,953
Aug 201004,48373.684.42$19,812
Jul 201004,79072.554.74$22,688
Jun 201004,54470.364.91$22,313
May 201003,59371.124.24$15,217
Apr 201003,55481.694.12$14,652
Mar 201004,15578.394.39$18,235
Feb 201002,87373.585.44$15,636
Jan 201003,68974.365.96$22,002
Dec 200903,90671.445.48$21,420
Nov 200903,54674.593.75$13,303
Oct 200906,04472.544.11$24,842
Sep 200905165.543.06$156
Aug 200908267.423.22$264
Jul 20091521,47761.133.46$14,409
Jun 200902,03566.163.90$7,926
May 2009133,09954.743.93$12,878
Apr 200904,14246.773.59$14,859
Mar 2009133,99942.144.06$16,780
Feb 200953,41632.814.63$15,990
Jan 20091834,13435.865.37$28,766
Dec 200883,72837.105.98$22,580
Nov 200803,41355.496.86$23,414
Oct 200863,09475.246.92$21,868
Sep 200802,760101.767.88$21,741
Aug 200833,141114.228.48$26,988
Jul 200803,088131.0811.39$35,171
Jun 200823,014131.3313.03$39,543
May 2008103,190123.1711.57$38,154
Apr 200803,070110.3110.45$32,096
Mar 200833,100101.909.66$30,264
Feb 200853,72392.538.77$33,116
Jan 200833,30690.388.21$27,399
Dec 200732,04088.337.30$15,161
Nov 200712,68391.677.29$19,655
Oct 200743,28882.856.92$23,091
Sep 200772,42075.846.24$15,642
Aug 200732,13069.066.39$13,813
Jul 200762,87670.906.39$18,797
Jun 200752,41862.007.55$18,562
May 200793,29158.747.85$26,351
Apr 200702,30459.617.81$17,983
Mar 200702,25356.927.30$16,451
Feb 2007101,93355.108.22$16,433
Jan 2007020250.306.73$1,359
Dec 2006023256.656.92$1,605
Nov 2006545554.207.62$3,737
Oct 200601,17454.906.01$7,060
Sep 200601,34060.085.04$6,750
Aug 2006099068.717.34$7,267
Jul 200601,77169.376.34$11,233
Jun 200601,78666.286.38$11,402
May 200601,65366.016.42$10,621
Apr 200601,86664.397.36$13,735
Mar 200601,85656.707.08$13,146
Feb 200601,46757.597.75$11,371
Jan 200602,01460.598.93$17,992
Dec 200501,87054.9413.42$25,087
Nov 200502,17254.6910.59$22,998
Oct 200502,11758.3413.80$29,206
Sep 2005902,32061.4512.08$33,554
Aug 200502,36361.519.80$23,150
Jul 200502,77455.697.84$21,758
Jun 200502,23752.337.38$16,511
May 200502,28545.226.65$15,198
Apr 200501,89549.207.36$13,948
Mar 200502,09950.377.15$15,018
Feb 200501,48345.226.31$9,361
Jan 200502,49943.166.32$15,799
Dec 200402,24739.866.75$15,170
Nov 200403,33645.286.33$21,118
Oct 200402,66949.706.52$17,389
Sep 200401,55443.245.28$8,211
Aug 200403,78642.375.55$21,015
Jul 200401,83138.286.08$11,140
Jun 200401,69936.106.43$10,930
May 2004025537.486.49$1,656
Apr 200403,30634.475.86$19,368
Mar 200403,43034.365.53$18,968
Feb 200404,53032.455.51$24,959
Jan 200405,78932.036.30$36,469
Dec 200302,15330.266.30$13,567
Nov 200304,30928.804.60$19,801
Oct 20031643,90428.174.76$23,202
Sep 200304,25826.314.75$20,223
Aug 200304,89829.765.13$25,125
Jul 200303,22329.415.17$16,666
Jun 200302,27528.565.98$13,611
May 200303,39226.595.97$20,259
Apr 200303,46926.675.41$18,758
Mar 200303,74231.146.10$22,811
Feb 20031872,99433.487.93$29,991
Jan 200304,21730.315.58$23,539
Dec 200203,89626.914.85$18,910
Nov 200203,20724.664.14$13,267
Oct 200202,26926.464.23$9,596
Sep 200202,17727.443.64$7,914
Aug 200202,77525.963.16$8,781
Jul 200201,72224.583.06$5,272
Jun 200204,68523.733.34$15,640
May 20021836,07424.663.58$26,282
Apr 200206,38723.653.51$22,433
Mar 200206,11122.003.10$18,961
Feb 200205,78718.222.38$13,748
Jan 200207,02317.172.38$16,684
Dec 20011807,81416.932.36$21,523
Nov 200107,52218.072.41$18,094
Oct 200107,70419.782.53$19,482
Sep 200107,20124.262.25$16,212
Aug 200102,89724.873.05$8,845
Jul 200104,10323.933.20$13,118
Jun 200104,36224.563.82$16,681
May 20011686,05825.524.31$30,381
Apr 200106,05824.685.34$32,321
Mar 200106,60524.545.38$35,511
Feb 20011863,33027.755.77$24,366
Jan 200103,03027.478.40$25,448
Dec 200003,99826.889.12$36,472
Nov 200003,08332.215.66$17,444
Oct 200005,17131.235.15$26,607
Sep 200003,73331.875.19$19,361
Aug 20001684,55629.644.54$25,667
Jul 200006,86228.534.09$28,064
Jun 200005,62329.304.40$24,726
May 20001497,92227.263.68$33,213
Apr 20001777,54724.513.12$27,855
Mar 200007,68628.422.86$21,980
Feb 200007,77027.622.73$21,185
Jan 20000025.272.48$0
Dec 19991677,59124.282.42$22,453
Nov 199906,98623.192.43$17,004
Oct 199907,13220.982.80$19,996
Sep 199907,16121.752.62$18,754
Aug 199907,08419.262.88$20,371
Jul 199907,13417.892.37$16,924
Jun 199907,95815.942.36$18,798
May 19991708,00615.792.32$21,266
Apr 199909,40215.102.21$20,760
Mar 199909,51712.471.84$17,495
Feb 199906,7899.981.82$12,341
Jan 199907,76510.381.90$14,753
Dec 19981819,1079.201.77$17,815
Nov 1998010,55710.892.19$23,075
Oct 199816011,80912.421.97$25,242
Sep 1998011,93912.592.08$24,864
Aug 199815814,49011.301.91$29,423
Jul 1998014,88111.742.24$33,293
Jun 199817919,55511.242.24$45,762
May 199817920,09912.622.21$46,604
Apr 199817524,91813.042.51$64,710
Mar 19981825,57012.802.31$15,193
Feb 199817028,51613.952.30$67,933
Jan 199817434,39614.702.15$76,674
Dec 199735544,12216.322.41$112,176
Nov 199717443,76718.193.09$138,329
Oct 199718053,44619.253.15$171,810
Sep 199717410,31017.742.95$33,552
Aug 199736063,91617.862.55$169,718
Jul 199716578,71317.582.25$179,764
Jun 199731984,33617.242.26$195,863
May 199737191,81618.972.31$218,995
Apr 199741032,83017.882.08$75,708
Mar 199717129,37718.951.94$60,207
Feb 199718530,62720.492.21$71,351
Jan 199718833,54123.483.54$123,139
Dec 199634641,29823.32$8,069
Nov 199618353,33521.97$4,021
Oct 199657088,65623.31$13,287
Sep 199658096,43922.22$12,888
Aug 1996547120,41620.26$11,082
Jul 1996890137,47119.55$17,400
Jun 1996544154,98418.73$10,189
May 19961,088179,12119.43$21,140
Apr 1996904186,13321.51$19,445
Mar 19961,276201,12619.38$24,729
Feb 19961,271210,49816.98$21,582
Jan 19961,261214,49217.07$21,525
Dec 19951,634230,60217.19$28,088
Nov 19951,282246,75416.00$20,512
Oct 19951,969280,92315.43$30,382
Sep 19951,815280,67716.18$29,367
Aug 19951,793173,61115.92$28,545
Jul 19953,419279,16315.24$52,106
Jun 19950016.41$0
May 19952,134149,69417.56$37,473
Apr 19953,278231,03517.73$58,119
Mar 19953,063232,48516.44$50,356
Feb 19952,629210,32116.58$43,589
Jan 19954,295335,49415.92$68,376
Dec 19943,106365,16315.03$46,683
Nov 19943,443384,72615.90$54,744
Oct 19943,582421,42015.58$55,808
Sep 19943,751426,93515.29$57,353
Aug 19943,942436,61716.13$63,584
Jul 19943,880432,77517.56$68,133
Jun 199408,87617.09$0

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             1 bbl  × $106.41 =       $106
Gas                2,564 Mcf  × $  3.05 =     $7,810

────────────────────────────────────────────────────
Month total                                   $7,916

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/150973 is the state's own key, not one this site invented.