SELECTED LANDS - HOUSE 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 151557District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.4 M
Sep 1994 – May 2026
Value, last 12 filed months
$18 k
at the published price for each month
Months reported
381
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 Gas111995-02-03131367
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
CondensateDisposition342,537 bbl$7,119,895
GasProduction2,461,115 Mcf$3,320,807
Total$10,440,702

1,642,599 Mcf of this lease's gas, across 27 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 30.5587, -96.1255. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.55868, -96.12546 · 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
15,484 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 15,484 ft.

Completions filed
Aug 1994
1 of 1 wells

1 well

42-18530454115,484 ftAug 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 (381)

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

381 months

May 20260522106.413.05$1,590
Apr 2026023698.932.87$677
Mar 20260789.753.15$22
Feb 202601263.503.75$45
Jan 202603159.138.00$248
Dec 202503656.664.41$159
Nov 20250558.593.93$20
Oct 20250159.383.30$3
Sep 2025015362.743.08$471
Aug 2025139563.933.01$1,255
Jul 2025012566.743.32$414
Jun 202518329266.483.13$13,079
May 2025019560.553.23$630
Apr 2025337562.363.54$1,516
Mar 2025455767.704.27$2,648
Feb 2025018070.884.34$781
Jan 2025020974.324.28$894
Dec 2024027768.993.12$865
Nov 202418046069.052.20$13,440
Oct 2024052771.372.28$1,202
Sep 2024058869.612.36$1,390
Aug 20241160875.632.06$2,087
Jul 2024265979.932.15$1,574
Jun 202419479578.082.63$17,242
May 2024133278.812.20$809
Apr 2024068184.451.66$1,130
Mar 2024069380.301.55$1,071
Feb 202419254276.091.78$15,576
Jan 2024073873.023.30$2,434
Dec 2023042271.262.61$1,102
Nov 20230977.892.81$25
Oct 202319348685.443.09$17,990
Sep 2023047189.042.74$1,288
Aug 2023061480.522.67$1,641
Jul 2023363274.852.64$1,894
Jun 202318660268.962.26$14,186
May 2023657270.622.23$1,698
Apr 2023058978.122.24$1,318
Mar 202319751472.852.39$15,582
Feb 2023356175.112.47$1,609
Jan 2023055676.533.39$1,884
Dec 202219852476.415.73$18,131
Nov 2022066685.005.65$3,760
Oct 202219671087.185.86$21,251
Sep 2022063784.888.16$5,200
Aug 2022033994.529.13$3,094
Jul 20220323101.587.54$2,436
Jun 2022195519115.097.98$26,583
May 20220718109.378.43$6,055
Apr 20220507104.226.84$3,467
Mar 2022192747108.885.08$24,697
Feb 2022153791.054.86$2,700
Jan 2022262281.844.54$2,986
Dec 2021251271.323.90$2,139
Nov 202119551877.435.24$17,812
Oct 2021038579.795.71$2,200
Sep 2021055769.865.35$2,980
Aug 202119064566.024.22$15,266
Jul 2021073670.783.98$2,931
Jun 2021061869.493.38$2,089
May 2021070063.483.02$2,112
Apr 2021063360.362.76$1,746
Mar 202115464261.302.72$11,184
Feb 2021043157.805.55$2,391
Jan 2021059150.412.81$1,661
Dec 2020065744.642.68$1,758
Nov 202018860338.772.71$8,921
Oct 2020068736.972.48$1,703
Sep 2020177337.091.99$1,576
Aug 2020683939.982.39$2,241
Jul 202018185738.371.83$8,509
Jun 2020096634.901.69$1,633
May 20200016.921.81$0
Apr 20207564114.751.80$2,263
Mar 202024374130.341.86$8,748
Feb 2020076649.881.98$1,517
Jan 2020065757.252.09$1,376
Dec 2019072559.012.30$1,671
Nov 2019084455.302.75$2,322
Oct 2019082553.472.42$1,995
Sep 201918282755.052.66$12,217
Aug 20191891,04653.112.30$12,448
Jul 20190056.272.46$0
Jun 2019021352.782.49$531
May 2019060658.482.74$1,661
Apr 2019068762.632.75$1,890
Mar 2019078156.803.06$2,392
Feb 201919268350.852.79$11,670
Jan 2019073846.033.23$2,382
Dec 2018067946.594.19$2,842
Nov 201818369852.934.24$12,644
Oct 2018075861.443.40$2,576
Sep 201819369759.543.11$13,658
Aug 2018071659.403.07$2,196
Jul 2018058465.142.93$1,712
Jun 201819365060.183.08$13,615
May 2018066165.382.90$1,917
Apr 2018057463.842.90$1,665
Mar 2018063061.222.79$1,756
Feb 2018064561.782.77$1,784
Jan 201819363162.874.01$14,664
Dec 2017043457.272.92$1,268
Nov 2017062955.423.12$1,961
Oct 201719482049.292.98$12,009
Sep 2017095147.523.09$2,936
Aug 2017067045.373.00$2,013
Jul 2017085243.873.09$2,630
Jun 201719180042.493.09$10,585
May 2017087345.373.26$2,849
Apr 2017086247.933.21$2,768
Mar 201717523346.772.98$8,880
Feb 2017065950.452.95$1,946
Jan 2017054649.413.42$1,867
Dec 2016030048.763.72$1,117
Nov 2016040942.492.64$1,082
Oct 201618666246.193.09$10,637
Sep 2016070141.553.10$2,174
Aug 201618290241.442.92$10,180
Jul 2016088141.622.92$2,576
Jun 2016049845.352.69$1,338
May 201617770442.521.99$8,928
Apr 2016084236.561.99$1,676
Mar 2016075333.011.79$1,351
Feb 2016078426.472.06$1,618
Jan 201618877527.352.36$6,974
Dec 2015085532.362.00$1,711
Nov 2015081438.792.17$1,764
Oct 20151861,16543.552.43$10,927
Sep 20151911,19342.992.76$11,502
Aug 2015017440.162.87$500
Jul 2015017448.152.95$512
Jun 2015021056.152.88$605
May 201519230055.212.96$11,487
Apr 2015064949.822.71$1,757
Mar 2015074242.892.93$2,178
Feb 201538767944.662.98$19,304
Jan 2015089343.433.10$2,769
Dec 201419694954.693.59$14,127
Nov 201401,35870.464.25$5,774
Oct 20141881,48078.303.90$20,494
Sep 20141841,62586.164.05$22,427
Aug 201401,91089.394.04$7,707
Jul 20141841,01296.564.18$21,997
Jun 20141901,72198.164.74$26,803
May 2014068394.734.73$3,228
Apr 201401,05995.944.81$5,093
Mar 201419199095.895.06$23,321
Feb 201401,00597.406.19$6,223
Jan 20141921,52290.404.86$24,755
Dec 201301,04191.824.35$4,533
Nov 20131751,04088.853.74$19,437
Oct 201301,04197.423.78$3,934
Sep 20131911,049104.113.72$23,785
Aug 201301,137104.253.52$4,005
Jul 20131821,122102.523.72$22,830
Jun 201301,03294.403.93$4,059
May 20131931,06594.834.15$22,721
Apr 201301,17593.964.28$5,032
Mar 20131951,43293.623.91$23,859
Feb 201319189691.233.42$20,489
Jan 201301,77091.603.42$6,053
Dec 201219458986.773.42$18,848
Nov 201201,62786.953.62$5,898
Oct 2012038989.383.40$1,322
Sep 201201,08794.672.92$3,172
Aug 20121921,05892.662.91$20,868
Jul 201201,02385.133.02$3,090
Jun 20121871,11279.822.52$17,728
May 201201,15991.612.49$2,884
Apr 20121941,087101.652.00$21,891
Mar 201201,099105.052.22$2,442
Feb 20121961,020101.102.57$22,437
Jan 201201,14398.092.73$3,125
Dec 20111961,15796.873.24$22,735
Nov 20111921,00495.723.31$21,703
Oct 201101,17884.983.65$4,298
Sep 201101,20883.623.99$4,815
Aug 20111931,25083.404.15$21,283
Jul 201101,12294.144.52$5,068
Jun 20111931,06992.904.64$22,890
May 201119583398.134.40$22,805
Apr 201101,183105.964.33$5,126
Mar 20111941,13996.364.06$23,315
Feb 201101,10885.644.18$4,631
Jan 20111931,24086.504.59$22,385
Dec 201001,16685.734.35$5,069
Nov 20101941,17780.843.80$20,150
Oct 201001,12378.103.51$3,940
Sep 20101921,07872.633.98$18,235
Aug 201001,12773.684.42$4,981
Jul 20101921,39372.554.74$20,528
Jun 201001,11870.364.91$5,490
May 20101961,37971.124.24$19,780
Apr 201001,40781.694.12$5,801
Mar 20101941,46878.394.39$21,650
Feb 20101971,25273.585.44$21,309
Jan 201001,34674.365.96$8,028
Dec 20091931,55171.445.48$22,293
Nov 200901,54974.593.75$5,811
Oct 20091921,58972.544.11$20,459
Sep 20091931,67165.543.06$17,770
Aug 200901,76467.423.22$5,677
Jul 20091921,73261.133.46$17,737
Jun 20091941,57166.163.90$18,954
May 200901,63054.743.93$6,399
Apr 20091961,53946.773.59$14,688
Mar 20091941,72542.144.06$15,177
Feb 200901,23732.814.63$5,731
Jan 20091791,49335.865.37$14,438
Dec 20081801,74137.105.98$17,084
Nov 20081791,80155.496.86$22,288
Oct 20081812,04275.246.92$27,753
Sep 20081711,631101.767.88$30,248
Aug 20081722,052114.228.48$37,053
Jul 20081862,205131.0811.39$49,495
Jun 200801,499131.3313.03$19,536
May 20081821,879123.1711.57$44,165
Apr 20081801,870110.3110.45$39,406
Mar 20081821,810101.909.66$36,038
Feb 200801,80092.538.77$15,787
Jan 20081861,91990.388.21$32,557
Dec 20071802,06188.337.30$30,949
Nov 20071742,04891.677.29$30,884
Oct 20073602,21182.856.92$45,131
Sep 200701,98975.846.24$12,420
Aug 20071822,00269.066.39$25,358
Jul 20071612,13070.906.39$25,021
Jun 20071772,19462.007.55$27,535
May 200742,32458.747.85$18,470
Apr 20071902,27659.617.81$29,091
Mar 20071852,44456.927.30$28,376
Feb 20071802,20955.108.22$28,067
Jan 20073692,44050.306.73$34,974
Dec 20061942,52756.656.92$28,473
Nov 20061933,05954.207.62$33,762
Oct 20061843,46354.906.01$30,927
Sep 200621,09660.085.04$5,641
Aug 20061822,56568.717.34$31,332
Jul 20063632,77669.376.34$42,789
Jun 20061632,62866.286.38$27,580
May 20061852,71666.016.42$29,662
Apr 20061932,97464.397.36$34,317
Mar 20063742,66956.707.08$40,110
Feb 20061962,85857.597.75$33,440
Jan 20063743,43960.598.93$53,382
Dec 2005113,58754.9413.42$48,725
Nov 20053703,58654.6910.59$58,205
Oct 20053593,99458.3413.80$76,044
Sep 2005143,65861.4512.08$45,045
Aug 20053363,35361.519.80$53,516
Jul 20051893,11155.697.84$34,927
Jun 20053673,46752.337.38$44,795
May 20051863,64945.226.65$32,681
Apr 20053794,40549.207.36$51,070
Mar 20055515,54250.377.15$67,406
Feb 20051903,97845.226.31$33,701
Jan 20051871,93743.166.32$20,317
Dec 200432,04739.866.75$13,939
Nov 20043722,23845.286.33$31,012
Oct 200452,17049.706.52$14,386
Sep 20041821,73343.245.28$17,027
Aug 200482,34842.375.55$13,372
Jul 200452,60438.286.08$16,035
Jun 20043853,32436.106.43$35,282
May 20043944,19837.486.49$42,031
Apr 2004253,52134.475.86$21,489
Mar 20044111,44434.365.53$22,107
Feb 200471,89532.455.51$10,668
Jan 20042052,14732.036.30$20,091
Dec 20033672,69330.266.30$28,076
Nov 20031902,90828.804.60$18,835
Oct 20031972,76328.174.76$18,700
Sep 20033662,62026.314.75$22,073
Aug 20031862,45629.765.13$18,134
Jul 20031942,44929.415.17$18,369
Jun 20031992,22228.565.98$18,978
May 20031962,67026.595.97$21,159
Apr 20032063,33226.675.41$23,511
Mar 20032053,20231.146.10$25,903
Feb 20033762,52333.487.93$32,585
Jan 20031912,55230.315.58$20,035
Dec 20021923,09426.914.85$20,184
Nov 20023893,03224.664.14$22,136
Oct 20021653,12726.464.23$17,590
Sep 20023253,06027.443.64$20,042
Aug 20023613,56825.963.16$20,661
Jul 20023663,45624.583.06$19,578
Jun 20023553,72323.733.34$20,852
May 20021812,74324.663.58$14,294
Apr 20023723,13723.653.51$19,816
Mar 20021822,73822.003.10$12,499
Feb 20023752,65018.222.38$13,128
Jan 20023623,26617.172.38$13,975
Dec 20015554,65516.932.36$20,402
Nov 2001153,77718.072.41$9,357
Oct 20013743,70819.782.53$16,775
Sep 20013674,32924.262.25$18,649
Aug 20013724,99224.873.05$24,493
Jul 20013654,09123.933.20$21,814
Jun 20013555,31424.563.82$29,040
May 20017285,50225.524.31$42,277
Apr 20013705,22824.685.34$37,025
Mar 20013634,84324.545.38$34,946
Feb 20013734,80827.755.77$38,079
Jan 20017594,95227.478.40$62,440
Dec 20007255,12226.889.12$66,213
Nov 20003826,11632.215.66$46,909
Oct 20003714,72131.235.15$35,878
Sep 20007193,55031.875.19$41,327
Aug 20003563,14629.644.54$24,837
Jul 20001816,77028.534.09$32,852
Jun 20005487,40229.304.40$48,605
May 20007237,63027.263.68$47,785
Apr 20001897,51624.513.12$28,052
Mar 20007128,62628.422.86$44,903
Feb 20005538,50427.622.73$38,460
Jan 20005589,69325.272.48$38,144
Dec 19997388,32124.282.42$38,086
Nov 19995577,87223.192.43$32,077
Oct 19995679,76620.982.80$39,277
Sep 19995588,28621.752.62$33,836
Aug 19999079,84019.262.88$45,765
Jul 199953810,13217.892.37$33,662
Jun 199971610,02215.942.36$35,086
May 199955810,73415.792.32$33,725
Apr 199975810,01815.102.21$33,566
Mar 199980111,08612.471.84$30,368
Feb 199976410,2179.981.82$26,197
Jan 199997011,56610.381.90$32,043
Dec 19987509,9669.201.77$24,573
Nov 199893711,74410.892.19$35,873
Oct 199893512,28212.421.97$35,799
Sep 19981,09914,26412.592.08$43,543
Aug 19981,63117,26711.301.91$51,365
Jul 19981,80720,64911.742.24$67,412
Jun 19982,56128,44011.242.24$92,414
May 19981,92018,43112.622.21$64,895
Apr 199803713.042.51$93
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 1997038816.322.41$936
Nov 199716916318.193.09$3,578
Oct 1997063319.253.15$1,994
Sep 19973632,51417.742.95$13,868
Aug 19971814,21817.862.55$14,009
Jul 19978814,68517.582.25$26,015
Jun 19973594,36517.242.26$16,042
May 19973654,82718.972.31$18,067
Apr 19977356,00217.882.08$25,643
Mar 19971885,84118.951.94$14,889
Feb 19975505,61620.492.21$23,658
Jan 199717743023.483.54$5,678
Dec 19962,19829,91723.32$51,257
Nov 19962,18018,52121.97$47,895
Oct 19962,33522,25623.31$54,429
Sep 19962,52724,12822.22$56,150
Aug 19962,68031,87220.26$54,297
Jul 19963,02630,80419.55$59,158
Jun 19963,13030,17218.73$58,625
May 19963,40236,82119.43$66,101
Apr 19963,78034,40521.51$81,308
Mar 19963,96931,99219.38$76,919
Feb 19964,15234,75116.98$70,501
Jan 19964,36925,13517.07$74,579
Dec 19955,61536,27017.19$96,522
Nov 19956,52049,83216.00$104,320
Oct 19957,00454,35015.43$108,072
Sep 19956,15456,01716.18$99,572
Aug 19958,47767,53115.92$134,954
Jul 199511,92176,26715.24$181,676
Jun 199517,762102,83016.41$291,474
May 199516,31188,85017.56$286,421
Apr 199511,32360,21917.73$200,757
Mar 199518,63693,91016.44$306,376
Feb 199519,614103,56416.58$325,200
Jan 199521,447104,76515.92$341,436
Dec 199428,054135,84615.03$421,652
Nov 199434,473154,63415.90$548,121
Oct 199423,801106,94015.58$370,820
Sep 19940015.29$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             0 bbl  × $106.41 =         $0
Gas                  522 Mcf  × $  3.05 =     $1,590

────────────────────────────────────────────────────
Month total                                   $1,590

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/151557 is the state's own key, not one this site invented.