ELMS-RICKS

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 151332District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Jul 1994 – May 2026
Value, last 12 filed months
$7 k
at the published price for each month
Months reported
383
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 – 2004-07-282 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
CondensateDisposition15,735 bbl$805,644
GasProduction1,106,249 Mcf$3,479,180
Total$4,284,824

426,387 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 30.1293, -96.6450. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.12931, -96.64498 · 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
15,853 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 15,853 ft.

Completions filed
Aug 2002
1 of 1 wells

1 well

42-477307441RE15,853 ftAug 2002

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 (383)

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

383 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 202596062.743.08$6,023
Aug 202506663.933.01$199
Jul 2025019966.743.32$660
Jun 2025016866.483.13$526
May 2025022660.553.23$731
Apr 2025018162.363.54$641
Mar 2025015767.704.27$670
Feb 2025013070.884.34$564
Jan 2025018274.324.28$779
Dec 2024010168.993.12$315
Nov 2024123469.052.20$583
Oct 2024048571.372.28$1,106
Sep 20240069.612.36$0
Aug 2024072875.632.06$1,502
Jul 20241079.932.15$80
Jun 2024162078.082.63$12,649
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 2023026071.262.61$679
Nov 20230177.892.81$3
Oct 2023422585.443.09$1,036
Sep 2023019289.042.74$525
Aug 2023047380.522.67$1,264
Jul 2023032674.852.64$861
Jun 2023033968.962.26$766
May 2023044770.622.23$996
Apr 2023026278.122.24$586
Mar 2023046772.852.39$1,118
Feb 202303475.112.47$84
Jan 2023129876.533.39$1,086
Dec 202215176.415.73$369
Nov 2022037285.005.65$2,100
Oct 2022034487.185.86$2,017
Sep 2022048184.888.16$3,927
Aug 2022059194.529.13$5,394
Jul 20220452101.587.54$3,409
Jun 20220222115.097.98$1,771
May 20220288109.378.43$2,429
Apr 20220273104.226.84$1,867
Mar 202202108.885.08$10
Feb 2022035591.054.86$1,725
Jan 2022030181.844.54$1,366
Dec 2021053371.323.90$2,078
Nov 2021037677.435.24$1,969
Oct 202101179.795.71$63
Sep 2021011569.865.35$615
Aug 2021019566.024.22$823
Jul 2021031970.783.98$1,270
Jun 2021056769.493.38$1,917
May 202101,01563.483.02$3,063
Apr 202101,21560.362.76$3,351
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 20200136.972.48$2
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020070016.921.81$1,270
Apr 20201881,10214.751.80$4,761
Mar 202001,19030.341.86$2,209
Feb 202001,16449.881.98$2,306
Jan 202001,29957.252.09$2,721
Dec 201901,38059.012.30$3,180
Nov 20191761,50655.302.75$13,875
Oct 201901,57453.472.42$3,807
Sep 201901,70255.052.66$4,523
Aug 201902,02553.112.30$4,666
Jul 201901,91156.272.46$4,701
Jun 201902,43352.782.49$6,061
May 201902,78058.482.74$7,618
Apr 20190462.632.75$11
Mar 20190056.803.06$0
Feb 201902150.852.79$59
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180261.443.40$7
Sep 201801,53259.543.11$4,761
Aug 20183583,32859.403.07$31,471
Jul 2018041665.142.93$1,220
Jun 201831,10060.183.08$3,565
May 201821,61465.382.90$4,813
Apr 20181982,50663.842.90$19,910
Mar 201821,34961.222.79$3,882
Feb 2018278961.782.77$2,306
Jan 2018072062.874.01$2,887
Dec 2017040757.272.92$1,189
Nov 2017047255.423.12$1,472
Oct 2017248049.292.98$1,531
Sep 2017254447.523.09$1,775
Aug 2017066345.373.00$1,992
Jul 2017079743.873.09$2,461
Jun 2017093242.493.09$2,877
May 201701,17445.373.26$3,831
Apr 201701,46547.933.21$4,705
Mar 201701,00846.772.98$3,008
Feb 201701,05450.452.95$3,112
Jan 20171951,31249.413.42$14,120
Dec 2016083048.763.72$3,090
Nov 2016089942.492.64$2,377
Oct 201601,16146.193.09$3,588
Sep 201601,13641.553.10$3,522
Aug 201601,25241.442.92$3,661
Jul 201601,42341.622.92$4,161
Jun 20161791,37645.352.69$11,813
May 201601,45342.521.99$2,893
Apr 201601,52936.561.99$3,044
Mar 201601,66433.011.79$2,985
Feb 201601,61826.472.06$3,339
Jan 20161881,78627.352.36$9,365
Dec 201501,78932.362.00$3,581
Nov 201501,74638.792.17$3,784
Oct 201501,85643.552.43$4,504
Sep 201501,83842.992.76$5,070
Aug 201501,86840.162.87$5,366
Jul 20151862,02948.152.95$14,931
Jun 201501,90356.152.88$5,486
May 201502,03455.212.96$6,011
Apr 201502,42949.822.71$6,574
Mar 20151912,35242.892.93$15,094
Feb 201502,03344.662.98$6,051
Jan 201502,26743.433.10$7,029
Dec 20141832,43954.693.59$18,768
Nov 201402,42070.464.25$10,289
Oct 20141922,47878.303.90$24,700
Sep 201402,58286.164.05$10,445
Aug 201402,84889.394.04$11,492
Jul 20141922,93196.564.18$30,790
Jun 201402,96698.164.74$14,050
May 201402,30594.734.73$10,895
Apr 201402,09595.944.81$10,075
Mar 20141972,60895.895.06$32,078
Feb 201402,44597.406.19$15,139
Jan 20141962,69690.404.86$30,823
Dec 201302,74991.824.35$11,970
Nov 20131902,84988.853.74$27,532
Oct 201303,10797.423.78$11,742
Sep 20131853,142104.113.72$30,941
Aug 201303,535104.253.52$12,452
Jul 20131923,939102.523.72$34,328
Jun 201304,09694.403.93$16,111
May 20132515,92394.834.15$48,377
Apr 201301,50493.964.28$6,441
Mar 201305493.623.91$211
Feb 201301,40691.233.42$4,808
Jan 201301,56791.603.42$5,359
Dec 201207,48386.773.42$25,593
Nov 201204,06986.953.62$14,750
Oct 201201,53889.383.40$5,229
Sep 20121751,82294.672.92$21,885
Aug 201201,93692.662.91$5,630
Jul 201201,71585.133.02$5,181
Jun 201201,71379.822.52$4,315
May 201201,67191.612.49$4,158
Apr 20121821,690101.652.00$21,875
Mar 201201,765105.052.22$3,922
Feb 201201,543101.102.57$3,966
Jan 201201,60598.092.73$4,388
Dec 20111841,73596.873.24$23,445
Nov 201101,63995.723.31$5,427
Oct 201101,45384.983.65$5,301
Sep 201101,44283.623.99$5,748
Aug 201101,60483.404.15$6,656
Jul 20111911,43394.144.52$24,454
Jun 201101,79192.904.64$8,310
May 201102,05198.134.40$9,034
Apr 201102,101105.964.33$9,104
Mar 201102,38896.364.06$9,689
Feb 20111932,00885.644.18$24,922
Jan 201102,27486.504.59$10,435
Dec 201002,34885.734.35$10,209
Nov 201002,35380.843.80$8,930
Oct 20101942,45478.103.51$23,762
Sep 201001,86572.633.98$7,422
Aug 201002,24673.684.42$9,926
Jul 201002,15572.554.74$10,207
Jun 201001,88170.364.91$9,236
May 201001,77871.124.24$7,530
Apr 201001,71081.694.12$7,050
Mar 20101921,68678.394.39$22,450
Feb 201001,57773.585.44$8,583
Jan 201001,80974.365.96$10,789
Dec 200901,82271.445.48$9,991
Nov 200901,80174.593.75$6,756
Oct 200902,03172.544.11$8,348
Sep 200901,89365.543.06$5,802
Aug 20091911,97067.423.22$19,218
Jul 200902,08161.133.46$7,210
Jun 200902,33266.163.90$9,083
May 200902,01354.743.93$7,903
Apr 200902,03946.773.59$7,315
Mar 200902,23542.144.06$9,072
Feb 20091952,19032.814.63$16,544
Jan 200903,04735.865.37$16,365
Dec 200801,02937.105.98$6,150
Nov 200802,12255.496.86$14,558
Oct 200802,24575.246.92$15,540
Sep 20081931,805101.767.88$33,858
Aug 200802,144114.228.48$18,188
Jul 200802,273131.0811.39$25,888
Jun 200802,035131.3313.03$26,521
May 200802,297123.1711.57$26,586
Apr 20081932,308110.3110.45$45,420
Mar 200802,413101.909.66$23,319
Feb 200802,29192.538.77$20,093
Jan 200802,44090.388.21$20,022
Dec 20071962,49788.337.30$35,546
Nov 200702,50491.677.29$18,258
Oct 200702,63782.856.92$18,253
Sep 20071882,58175.846.24$30,374
Aug 200702,75469.066.39$17,592
Jul 200702,63670.906.39$16,839
Jun 20071892,21762.007.55$28,453
May 200712,48258.747.85$19,533
Apr 200712,88359.617.81$22,562
Mar 20071941,92656.927.30$25,106
Feb 200702,23255.108.22$18,338
Jan 200702,68550.306.73$18,062
Dec 200602,74156.656.92$18,963
Nov 20062002,76954.207.62$31,933
Oct 200603,03454.906.01$18,246
Sep 200612,85360.085.04$14,431
Aug 20061823,17268.717.34$35,787
Jul 200603,20969.376.34$20,354
Jun 200603,20466.286.38$20,454
May 20061853,16566.016.42$32,547
Apr 200603,32164.397.36$24,444
Mar 20061993,41356.707.08$35,457
Feb 200603,26657.597.75$25,315
Jan 200603,71760.598.93$33,205
Dec 20052023,81254.9413.42$62,237
Nov 200503,95454.6910.59$41,867
Oct 20051744,32958.3413.80$69,873
Sep 200503,78361.4512.08$45,695
Aug 20051764,30861.519.80$53,031
Jul 200504,54355.697.84$35,634
Jun 200504,29952.337.38$31,731
May 20051924,55145.226.65$38,952
Apr 200504,71349.207.36$34,690
Mar 20052004,97950.377.15$45,698
Feb 200505,00845.226.31$31,610
Jan 20051776,26143.166.32$47,223
Dec 20041946,12439.866.75$49,076
Nov 200404,36145.286.33$27,607
Oct 20041623,28749.706.52$29,467
Sep 20041613,57543.245.28$25,852
Aug 20041744,27542.375.55$31,101
Jul 200405,24538.286.08$31,912
Jun 20041745,81836.106.43$43,709
May 20041876,23437.486.49$47,496
Apr 200416,24534.475.86$36,621
Mar 20041727,02634.365.53$44,765
Feb 20041867,53632.455.51$47,556
Jan 20041867,87932.036.30$55,592
Dec 20031988,17430.266.30$57,501
Nov 20031998,31228.804.60$43,926
Oct 20031968,93928.174.76$48,068
Sep 20031779,01926.314.75$47,491
Aug 20031798,47629.765.13$48,807
Jul 200337910,02129.415.17$62,963
Jun 200319610,31928.565.98$67,336
May 200319610,55926.595.97$68,277
Apr 20033949,78626.675.41$63,424
Mar 200339810,77131.146.10$78,054
Feb 200339911,26933.487.93$102,675
Jan 200339872730.315.58$16,122
Dec 200239717,70326.914.85$96,609
Nov 20021875,14824.664.14$25,908
Oct 200203,47926.464.23$14,713
Sep 2002026,33927.443.64$95,748
Aug 20020025.963.16$0
Jul 200270024.583.06$1,721
Jun 200258023.733.34$1,376
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 2001071319.782.53$1,803
Sep 2001042224.262.25$950
Aug 2001042224.873.05$1,288
Jul 2001028023.933.20$895
Jun 2001027524.563.82$1,052
May 2001027525.524.31$1,185
Apr 2001029124.685.34$1,553
Mar 2001027924.545.38$1,500
Feb 2001024827.755.77$1,430
Jan 2001028227.478.40$2,368
Dec 2000027926.889.12$2,545
Nov 2000027532.215.66$1,556
Oct 2000023031.235.15$1,183
Sep 2000022831.875.19$1,183
Aug 2000023629.644.54$1,072
Jul 2000029628.534.09$1,211
Jun 2000018629.304.40$818
May 2000017627.263.68$648
Apr 2000012924.513.12$402
Mar 2000012328.422.86$352
Feb 2000014027.622.73$382
Jan 2000013025.272.48$322
Dec 1999017724.282.42$429
Nov 199901,10223.192.43$2,682
Oct 199901,20120.982.80$3,367
Sep 199901,40921.752.62$3,690
Aug 1999073519.262.88$2,114
Jul 1999021817.892.37$517
Jun 199916233715.942.36$3,378
May 1999062915.792.32$1,460
Apr 199902,21915.102.21$4,900
Mar 199901,50112.471.84$2,759
Feb 199909739.981.82$1,769
Jan 1999023410.381.90$445
Dec 199806549.201.77$1,160
Nov 1998065410.892.19$1,429
Oct 1998036812.421.97$725
Sep 1998081312.592.08$1,693
Aug 199801,04711.301.91$1,997
Jul 199801,12711.742.24$2,521
Jun 199801,20611.242.24$2,698
May 199801,04012.622.21$2,295
Apr 1998080513.042.51$2,017
Mar 1998083312.802.31$1,924
Feb 1998082613.952.30$1,899
Jan 199801,01814.702.15$2,194
Dec 1997099316.322.41$2,394
Nov 1997075718.193.09$2,338
Oct 1997089019.253.15$2,803
Sep 1997077917.742.95$2,302
Aug 1997094917.862.55$2,424
Jul 1997081017.582.25$1,820
Jun 1997095317.242.26$2,151
May 199701,00818.972.31$2,327
Apr 199701,01417.882.08$2,112
Mar 199705,42418.951.94$10,518
Feb 1997073720.492.21$1,626
Jan 1997156623.483.54$2,027
Dec 19960023.32$0
Nov 1996097721.97$0
Oct 1996075923.31$0
Sep 1996065522.22$0
Aug 1996196220.26$20
Jul 19961661,32519.55$3,245
Jun 199606,45918.73$0
May 1996127,90719.43$19
Apr 199607,95121.51$0
Mar 1996010,10619.38$0
Feb 19961928,40216.98$3,260
Jan 1996110,03117.07$17
Dec 1995013,07717.19$0
Nov 1995110,98016.00$16
Oct 1995035815.43$0
Sep 199501,02716.18$0
Aug 199501,79615.92$0
Jul 1995322215.24$46
Jun 199509,67316.41$0
May 199518823,39617.56$3,301
Apr 199506,65717.73$0
Mar 199505,42916.44$0
Feb 199519419,67016.58$3,217
Jan 1995017,22215.92$0
Dec 199406,50015.03$0
Nov 199417424,18415.90$2,767
Oct 1994031,32315.58$0
Sep 199419339,16315.29$2,951
Aug 199418465,55116.13$2,968
Jul 1994074,62517.56$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.

Sep 2025 — as filed, then multipliedworked
Condensate            96 bbl  × $ 62.74 =     $6,023
Gas                    0 Mcf  × $  3.08 =         $0

────────────────────────────────────────────────────
Month total                                   $6,023

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/151332 is the state's own key, not one this site invented.