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ORLANDO 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 150978District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.6 M
Aug 1994 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
382
no gaps in the span
Streams
2
condensate, gas

The GIDDINGS (AUSTIN CHALK-3) field

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 Gas221995-03-03 – 2008-02-192 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
CondensateDisposition59,283 bbl$1,373,696
GasProduction7,601,611 Mcf$11,204,519
Total$12,578,215

4,597,114 Mcf of this lease's gas, across 29 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 30.4720, -96.1577. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.47200, -96.15765 · 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
15,836 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 15,836 ft.

Completions filed
Jul 2004
1 of 1 wells

1 well

42-04131823115,836 ftJul 2004——

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 (382)

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

382 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 2026022689.753.15$712
Feb 2026027163.503.75$1,016
Jan 2026035959.138.00$2,871
Dec 2025038456.664.41$1,695
Nov 2025041658.593.93$1,633
Oct 2025040859.383.30$1,348
Sep 2025040662.743.08$1,249
Aug 20258838963.933.01$6,799
Jul 2025037466.743.32$1,240
Jun 2025035966.483.13$1,123
May 2025037960.553.23$1,225
Apr 2025039862.363.54$1,410
Mar 2025038967.704.27$1,660
Feb 2025035170.884.34$1,524
Jan 2025040374.324.28$1,724
Dec 2024041768.993.12$1,302
Nov 2024042369.052.20$930
Oct 2024049571.372.28$1,129
Sep 2024061069.612.36$1,442
Aug 2024087575.632.06$1,806
Jul 202412,24579.932.15$4,899
Jun 202402,54078.082.63$6,690
May 202411,33678.812.20$3,016
Apr 2024046784.451.66$775
Mar 2024048280.301.55$745
Feb 2024045576.091.78$812
Jan 2024048173.023.30$1,586
Dec 2023048971.262.61$1,277
Nov 2023043077.892.81$1,207
Oct 20238859985.443.09$9,368
Sep 2023042489.042.74$1,160
Aug 2023054480.522.67$1,454
Jul 2023058974.852.64$1,556
Jun 2023027568.962.26$621
May 2023054970.622.23$1,223
Apr 2023036078.122.24$806
Mar 2023066572.852.39$1,591
Feb 2023038875.112.47$957
Jan 2023056376.533.39$1,907
Dec 2022073876.415.73$4,228
Nov 2022063585.005.65$3,585
Oct 2022055387.185.86$3,243
Sep 2022062684.888.16$5,110
Aug 2022044994.529.13$4,098
Jul 20220978101.587.54$7,376
Jun 20220366115.097.98$2,920
May 20220856109.378.43$7,219
Apr 202201,315104.226.84$8,991
Mar 20220517108.885.08$2,625
Feb 2022062391.054.86$3,027
Jan 2022073981.844.54$3,353
Dec 2021070871.323.90$2,761
Nov 2021070377.435.24$3,682
Oct 2021071679.795.71$4,091
Sep 2021070869.865.35$3,788
Aug 2021080766.024.22$3,406
Jul 2021085570.783.98$3,405
Jun 2021085769.493.38$2,897
May 2021093963.483.02$2,834
Apr 2021094260.362.76$2,598
Mar 202101,09861.302.72$2,983
Feb 2021084757.805.55$4,699
Jan 202101,16250.412.81$3,266
Dec 202001,14344.642.68$3,058
Nov 202001,15438.772.71$3,123
Oct 202001,26036.972.48$3,123
Sep 202001,22537.091.99$2,439
Aug 202001,34239.982.39$3,201
Jul 202001,38238.371.83$2,522
Jun 202001,74134.901.69$2,943
May 202001,84716.921.81$3,352
Apr 2020881,94214.751.80$4,802
Mar 202002,02030.341.86$3,750
Feb 202001,88849.881.98$3,740
Jan 202002,08257.252.09$4,361
Dec 201902,14959.012.30$4,952
Nov 201902,21155.302.75$6,082
Oct 201902,40553.472.42$5,817
Sep 201902,21455.052.66$5,883
Aug 201902,08953.112.30$4,814
Jul 201918197056.272.46$12,571
Jun 201901,30852.782.49$3,258
May 201901,29858.482.74$3,557
Apr 201902,10162.632.75$5,779
Mar 201902,28156.803.06$6,985
Feb 201902,20150.852.79$6,146
Jan 201901,95746.033.23$6,318
Dec 201801,24646.594.19$5,215
Nov 201801,75552.934.24$7,436
Oct 201802,21861.443.40$7,537
Sep 201801,79259.543.11$5,570
Aug 201801,85359.403.07$5,682
Jul 201801,28465.142.93$3,765
Jun 201801,99460.183.08$6,135
May 201802,29265.382.90$6,649
Apr 20181902,05863.842.90$18,099
Mar 201802,22461.222.79$6,198
Feb 201801,86261.782.77$5,151
Jan 201802,08062.874.01$8,339
Dec 201702,27257.272.92$6,638
Nov 201702,81455.423.12$8,775
Oct 201702,86749.292.98$8,554
Sep 2017953,04047.523.09$13,900
Aug 201702,57245.373.00$7,727
Jul 201703,10743.873.09$9,592
Jun 201702,39542.493.09$7,394
May 2017079945.373.26$2,607
Apr 2017089847.933.21$2,884
Mar 2017097146.772.98$2,897
Feb 2017087550.452.95$2,584
Jan 201701,01749.413.42$3,477
Dec 201601,05548.763.72$3,928
Nov 201601,00642.492.64$2,660
Oct 201601,09046.193.09$3,368
Sep 201601,07641.553.10$3,336
Aug 201601,23641.442.92$3,614
Jul 201601,55941.622.92$4,559
Jun 201601,72745.352.69$4,638
May 201602,67042.521.99$5,316
Apr 201602,45836.561.99$4,894
Mar 201602,43833.011.79$4,374
Feb 201602,37326.472.06$4,897
Jan 201602,71827.352.36$6,426
Dec 201502,74432.362.00$5,492
Nov 201502,26338.792.17$4,905
Oct 20151742,72743.552.43$14,195
Sep 201502,74542.992.76$7,572
Aug 201503,07840.162.87$8,842
Jul 201503,04148.152.95$8,956
Jun 201502,86956.152.88$8,271
May 201503,28355.212.96$9,703
Apr 201502,97049.822.71$8,039
Mar 201502,81742.892.93$8,267
Feb 201502,56544.662.98$7,634
Jan 201502,94343.433.10$9,125
Dec 201402,97254.693.59$10,674
Nov 201402,71170.464.25$11,527
Oct 201402,01378.303.90$7,853
Sep 201402,72486.164.05$11,020
Aug 201403,16689.394.04$12,775
Jul 20141862,12496.564.18$26,838
Jun 201402,90698.164.74$13,765
May 201402,48494.734.73$11,741
Apr 201402,60795.944.81$12,537
Mar 201403,32695.895.06$16,819
Feb 201402,84897.406.19$17,635
Jan 201402,62890.404.86$12,774
Dec 201302,85791.824.35$12,441
Nov 201302,89488.853.74$10,819
Oct 201302,95497.423.78$11,164
Sep 201302,830104.113.72$10,521
Aug 201303,089104.253.52$10,881
Jul 20131862,468102.523.72$28,244
Jun 201302,59994.403.93$10,223
May 201303,48994.834.15$14,476
Apr 201303,05293.964.28$13,070
Mar 201303,30793.623.91$12,940
Feb 201303,17791.233.42$10,865
Jan 201302,27591.603.42$7,780
Dec 201203,30586.773.42$11,304
Nov 201203,18286.953.62$11,535
Oct 201203,07789.383.40$10,461
Sep 201203,34894.672.92$9,771
Aug 201204,16292.662.91$12,104
Jul 201204,43185.133.02$13,385
Jun 201204,34079.822.52$10,933
May 201204,63591.612.49$11,533
Apr 20121923,755101.652.00$27,015
Mar 201204,388105.052.22$9,750
Feb 201203,937101.102.57$10,119
Jan 201202,98398.092.73$8,156
Dec 201103,98596.873.24$12,910
Nov 201104,51495.723.31$14,947
Oct 201106,01284.983.65$21,935
Sep 201106,02683.623.99$24,018
Aug 201106,34483.404.15$26,323
Jul 201107,07794.144.52$31,969
Jun 201107,07192.904.64$32,809
May 20111956,47998.134.40$47,674
Apr 201106,454105.964.33$27,967
Mar 201106,61496.364.06$26,835
Feb 20111975,49585.644.18$39,840
Jan 201106,16286.504.59$28,276
Dec 201006,58585.734.35$28,630
Nov 201006,51980.843.80$24,742
Oct 201006,98078.103.51$24,492
Sep 20101916,75972.633.98$40,770
Aug 201007,43773.684.42$32,867
Jul 201007,20472.554.74$34,122
Jun 201006,99270.364.91$34,334
May 20101937,29571.124.24$44,622
Apr 201007,23981.694.12$29,844
Mar 201007,74178.394.39$33,973
Feb 201007,32773.585.44$39,876
Jan 201007,47574.365.96$44,582
Dec 20091948,03871.445.48$57,938
Nov 200908,30474.593.75$31,152
Oct 200908,64572.544.11$35,533
Sep 200905,81965.543.06$17,834
Aug 200905,98267.423.22$19,253
Jul 200906,63961.133.46$23,001
Jun 20091957,18966.163.90$40,902
May 200907,80554.743.93$30,640
Apr 200907,71746.773.59$27,685
Mar 20092007,99942.144.06$40,896
Feb 200907,31032.814.63$33,867
Jan 20091838,09735.865.37$50,051
Dec 200806,75837.105.98$40,394
Nov 200807,52255.496.86$51,604
Oct 200808,56875.246.92$59,308
Sep 20081826,422101.767.88$69,107
Aug 200807,774114.228.48$65,947
Jul 200807,910131.0811.39$90,090
Jun 20081837,120131.3313.03$116,826
May 200807,329123.1711.57$84,828
Apr 200806,736110.3110.45$70,424
Mar 200804,855101.909.66$46,919
Feb 2008057892.538.77$5,069
Jan 200802,04290.388.21$16,756
Dec 20071848,35788.337.30$77,275
Nov 200708,78591.677.29$64,058
Oct 200708,74982.856.92$60,560
Sep 20071858,83175.846.24$69,173
Aug 200708,90369.066.39$56,872
Jul 20071829,19970.906.39$71,666
Jun 200709,50762.007.55$71,763
May 200719510,32658.747.85$92,475
Apr 200737,65159.617.81$59,896
Mar 200708,36456.927.30$61,074
Feb 20071797,73755.108.22$73,430
Jan 200788,93150.306.73$60,480
Dec 200619310,03556.656.92$80,360
Nov 200658,76654.207.62$67,046
Oct 200610010,03454.906.01$65,832
Sep 200618510,31160.085.04$63,053
Aug 2006011,09568.717.34$81,436
Jul 200616710,11969.376.34$75,767
Jun 200637,09466.286.38$45,486
May 200618110,87166.016.42$81,794
Apr 200618411,04564.397.36$93,144
Mar 200655,79556.707.08$41,329
Feb 200668,76357.597.75$68,269
Jan 200648,28060.598.93$74,210
Dec 200518610,40954.9413.42$149,860
Nov 2005011,30054.6910.59$119,649
Oct 200568,16258.3413.80$112,951
Sep 200507,36361.4512.08$88,938
Aug 200587,79861.519.80$76,888
Jul 20051814,59255.697.84$46,098
Jun 200503,63652.337.38$26,837
May 200543,98545.226.65$26,686
Apr 20051764,12249.207.36$38,999
Mar 200589,83850.377.15$70,793
Feb 200519611,99345.226.31$84,562
Jan 200520314,75443.166.32$102,039
Dec 200421014,94839.866.75$109,286
Nov 200420415,46245.286.33$107,118
Oct 200439518,53049.706.52$140,356
Sep 200418322,08743.245.28$124,618
Aug 200424820,27242.375.55$123,031
Jul 20040038.286.08$0
Jun 200415914836.106.43$6,692
May 200402,15937.486.49$14,022
Apr 200403,01334.475.86$17,652
Mar 200403,18934.365.53$17,636
Feb 200402,65132.455.51$14,606
Jan 200402,02432.036.30$12,750
Dec 200302,70430.266.30$17,040
Nov 200302,50928.804.60$11,529
Oct 200302,97128.174.76$14,141
Sep 200303,15426.314.75$14,979
Aug 200304,29429.765.13$22,027
Jul 200313,43629.415.17$17,796
Jun 200304,06328.565.98$24,309
May 200303,69226.595.97$22,051
Apr 20031714,78626.675.41$30,440
Mar 200323,87031.146.10$23,654
Feb 200303,88033.487.93$30,752
Jan 200304,39130.315.58$24,511
Dec 200204,48426.914.85$21,764
Nov 200205,95224.664.14$24,623
Oct 200256,70426.464.23$28,484
Sep 200206,56227.443.64$23,854
Aug 200206,04725.963.16$19,134
Jul 20021566,17724.583.06$22,747
Jun 200206,66723.733.34$22,256
May 20021896,77024.663.58$28,924
Apr 200206,45923.653.51$22,686
Mar 200209,19722.003.10$28,536
Feb 200204,60518.222.38$10,940
Jan 200207,54317.172.38$17,920
Dec 200106,55016.932.36$15,487
Nov 200104,99718.072.41$12,020
Oct 200107,71019.782.53$19,498
Sep 20011536,58524.262.25$18,537
Aug 2001010,49424.873.05$32,040
Jul 200106,89023.933.20$22,028
Jun 200108,44724.563.82$32,303
May 20011509,68425.524.31$45,540
Apr 200109,41324.685.34$50,221
Mar 2001010,37224.545.38$55,764
Feb 200109,23727.755.77$53,271
Jan 20011659,27127.478.40$82,397
Dec 2000011,11426.889.12$101,387
Nov 2000011,05432.215.66$62,544
Oct 200015511,38831.235.15$63,438
Sep 2000011,16731.875.19$57,918
Aug 2000811,87129.644.54$54,140
Jul 200017112,63728.534.09$56,561
Jun 200017412,52829.304.40$60,187
May 2000013,15827.263.68$48,418
Apr 2000512,89724.513.12$40,310
Mar 2000013,96228.422.86$39,928
Feb 200034613,46527.622.73$46,269
Jan 2000013,28625.272.48$32,956
Dec 199919217,15624.282.42$46,243
Nov 1999513,12023.192.43$32,050
Oct 1999014,93720.982.80$41,879
Sep 19991117,43921.752.62$45,909
Aug 199918022,19819.262.88$67,299
Jul 199932821,77517.892.37$57,526
Jun 199918218,55215.942.36$46,723
May 1999019,81715.792.32$45,996
Apr 1999021,99715.102.21$48,570
Mar 19991324,71212.471.84$45,591
Feb 199920620,3419.981.82$39,032
Jan 199918231,17710.381.90$61,124
Dec 199834732,4469.201.77$60,730
Nov 199820232,10010.892.19$72,361
Oct 199836634,71112.421.97$72,899
Sep 199818333,28912.592.08$71,632
Aug 199819736,84511.301.91$72,502
Jul 199835240,86511.742.24$95,559
Jun 199819039,82311.242.24$91,230
May 199837651,46412.622.21$118,292
Apr 1998056,10513.042.51$140,562
Mar 199855264,60212.802.31$156,260
Feb 199819561,51913.952.30$144,160
Jan 19981815,48214.702.15$14,473
Dec 199737064,54816.322.41$161,670
Nov 199736286,09818.193.09$272,478
Oct 199770989,21219.253.15$294,650
Sep 199769590,52217.742.95$279,811
Aug 19971,24392,48917.862.55$258,485
Jul 199771377,37717.582.25$186,396
Jun 199733852,03617.242.26$123,283
May 199718956,18218.972.31$133,281
Apr 199737156,81217.882.08$124,960
Mar 199717663,87718.951.94$127,202
Feb 199736964,63320.492.21$150,135
Jan 199751870,27923.483.54$260,929
Dec 199635782,94323.32—$8,325
Nov 199618689,33521.97—$4,086
Oct 199635796,52123.31—$8,322
Sep 199654096,49222.22—$11,999
Aug 1996532111,78720.26—$10,778
Jul 1996722111,68819.55—$14,115
Jun 1996706106,82718.73—$13,223
May 1996370128,65619.43—$7,189
Apr 1996737127,32721.51—$15,853
Mar 1996724141,20119.38—$14,031
Feb 19961,279139,58716.98—$21,717
Jan 19961,111158,21017.07—$18,965
Dec 19951,827169,36917.19—$31,406
Nov 19951,611177,38616.00—$25,776
Oct 19952,296187,23915.43—$35,427
Sep 19951,587211,51616.18—$25,678
Aug 19952,118230,75815.92—$33,719
Jul 19952,036180,53915.24—$31,029
Jun 19951,962187,35916.41—$32,196
May 19951,959172,10317.56—$34,400
Apr 19952,164196,19517.73—$38,368
Mar 19952,327191,48616.44—$38,256
Feb 19951,851197,36616.58—$30,690
Jan 19952,779246,27015.92—$44,242
Dec 1994911103,59615.03—$13,692
Nov 199455797,67215.90—$8,856
Oct 19941,996214,84015.58—$31,098
Sep 19942,534274,22715.29—$38,745
Aug 19941,084168,61916.13—$17,485

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.

Mar 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 89.75 =         $0
Gas                  226 Mcf  × $  3.15 =       $712

────────────────────────────────────────────────────
Month total                                     $712

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/150978 is the state's own key, not one this site invented.