BINFORD

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 152557District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.3 M
Oct 1994 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
380
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 Gas111995-02-21131131
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
CondensateDisposition13,788 bbl$438,899
GasProduction4,715,105 Mcf$10,899,340
Total$11,338,239

1,056,295 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 30.4721, -96.0840. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.47213, -96.08398 · 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
16,532 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 16,532 ft.

Completions filed
Mar 1997
1 of 1 wells

1 well

42-185304611H16,532 ftMar 1997

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 (380)

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

380 months

May 2026017106.413.05$52
Apr 20260698.932.87$17
Mar 202602589.753.15$79
Feb 20260863.503.75$30
Jan 20261562159.138.00$9,392
Dec 202502556.664.41$110
Nov 20251858.593.93$90
Oct 202501059.383.30$33
Sep 20250862.743.08$25
Aug 202501263.933.01$36
Jul 20250966.743.32$30
Jun 20250066.483.13$0
May 20250660.553.23$19
Apr 202508962.363.54$315
Mar 202501867.704.27$77
Feb 202503870.884.34$165
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 202401669.052.20$35
Oct 202403071.372.28$68
Sep 202403169.612.36$73
Aug 20241664675.632.06$12,650
Jul 202404579.932.15$97
Jun 202403378.082.63$87
May 202416078.812.20$211
Apr 202401884.451.66$30
Mar 20240680.301.55$9
Feb 20240276.091.78$4
Jan 202407073.023.30$231
Dec 202307971.262.61$206
Nov 202303377.892.81$93
Oct 2023011085.443.09$340
Sep 202301389.042.74$36
Aug 2023037380.522.67$997
Jul 2023084474.852.64$2,230
Jun 2023084468.962.26$1,906
May 2023095370.622.23$2,123
Apr 2023091478.122.24$2,045
Mar 202301,04672.852.39$2,503
Feb 202311,00075.112.47$2,541
Jan 202301,15476.533.39$3,909
Dec 202201,18076.415.73$6,760
Nov 202201,21785.005.65$6,871
Oct 20221891,23987.185.86$23,742
Sep 202201,27184.888.16$10,376
Aug 2022094494.529.13$8,616
Jul 20220954101.587.54$7,195
Jun 20220923115.097.98$7,363
May 20222986109.378.43$8,534
Apr 20220913104.226.84$6,243
Mar 20220839108.885.08$4,259
Feb 2022076191.054.86$3,698
Jan 2022082781.844.54$3,753
Dec 202101,22671.323.90$4,780
Nov 2021082877.435.24$4,336
Oct 2021073879.795.71$4,217
Sep 202101,05669.865.35$5,651
Aug 2021176366.024.22$3,286
Jul 2021082470.783.98$3,281
Jun 202101,70669.493.38$5,767
May 20210063.483.02$0
Apr 202118455660.362.76$12,640
Mar 2021088361.302.72$2,399
Feb 2021073457.805.55$4,072
Jan 202101,21850.412.81$3,423
Dec 2020065944.642.68$1,763
Nov 2020075338.772.71$2,038
Oct 2020087936.972.48$2,179
Sep 202001,00137.091.99$1,993
Aug 2020061039.982.39$1,455
Jul 202001,05038.371.83$1,916
Jun 2020095634.901.69$1,616
May 2020591,01616.921.81$2,842
Apr 2020096514.751.80$1,741
Mar 2020076630.341.86$1,422
Feb 2020070649.881.98$1,398
Jan 2020090757.252.09$1,900
Dec 2019090759.012.30$2,090
Nov 201901,05155.302.75$2,891
Oct 201901,09953.472.42$2,658
Sep 201901,49455.052.66$3,970
Aug 201901,41853.112.30$3,268
Jul 201901,36756.272.46$3,363
Jun 2019095052.782.49$2,367
May 2019070158.482.74$1,921
Apr 201901,58062.632.75$4,346
Mar 201901,65856.803.06$5,077
Feb 201902,92850.852.79$8,176
Jan 201901,76646.033.23$5,701
Dec 2018015946.594.19$665
Nov 201803652.934.24$153
Oct 2018080761.443.40$2,742
Sep 20181693359.543.11$10,165
Aug 201806259.403.07$190
Jul 2018038165.142.93$1,117
Jun 201801,09960.183.08$3,382
May 201801,16565.382.90$3,379
Apr 201801,20263.842.90$3,487
Mar 201801,20261.222.79$3,350
Feb 201801,18561.782.77$3,278
Jan 201801,56262.874.01$6,263
Dec 201702,69657.272.92$7,876
Nov 201704655.423.12$143
Oct 201701,30049.292.98$3,879
Sep 201701,09147.523.09$3,368
Aug 2017093645.373.00$2,812
Jul 201701,00543.873.09$3,103
Jun 201701,05442.493.09$3,254
May 201701,25045.373.26$4,079
Apr 201701,07147.933.21$3,440
Mar 201701,32346.772.98$3,947
Feb 201701,17450.452.95$3,466
Jan 201701,46649.413.42$5,012
Dec 201602,00048.763.72$7,446
Nov 201631,33342.492.64$3,652
Oct 201601,45146.193.09$4,484
Sep 201601,48441.553.10$4,601
Aug 201601,60441.442.92$4,691
Jul 201601,63841.622.92$4,790
Jun 201601,64945.352.69$4,429
May 201601,86942.521.99$3,721
Apr 201602,19436.561.99$4,368
Mar 20161211,80133.011.79$7,225
Feb 201602,69326.472.06$5,557
Jan 201602,30727.352.36$5,455
Dec 201502,64532.362.00$5,294
Nov 201501,91538.792.17$4,150
Oct 20151842,60943.552.43$14,344
Sep 201502,22442.992.76$6,135
Aug 201502,32540.162.87$6,679
Jul 201502,43448.152.95$7,168
Jun 201501,90656.152.88$5,495
May 201502,94355.212.96$8,698
Apr 201503,01349.822.71$8,155
Mar 201502,77442.892.93$8,141
Feb 201502,48644.662.98$7,399
Jan 201502,79043.433.10$8,651
Dec 201402,93854.693.59$10,551
Nov 201402,43170.464.25$10,336
Oct 201402,66178.303.90$10,380
Sep 201402,40186.164.05$9,713
Aug 201402,72489.394.04$10,992
Jul 20141732,51396.564.18$27,208
Jun 201402,52998.164.74$11,980
May 201402,68194.734.73$12,672
Apr 201402,70095.944.81$12,985
Mar 201402,55595.895.06$12,920
Feb 201402,24897.406.19$13,920
Jan 201402,43690.404.86$11,841
Dec 20131942,50091.824.35$28,699
Nov 201302,36088.853.74$8,822
Oct 201302,45397.423.78$9,271
Sep 201303,173104.113.72$11,796
Aug 201302,205104.253.52$7,767
Jul 20131932,536102.523.72$29,215
Jun 201302,67594.403.93$10,522
May 201303,93294.834.15$16,314
Apr 201301,20793.964.28$5,169
Mar 201302,45293.623.91$9,594
Feb 201302,54491.233.42$8,700
Jan 201302,70291.603.42$9,241
Dec 201202,74986.773.42$9,402
Nov 201202,44986.953.62$8,878
Oct 20121932,72589.383.40$26,514
Sep 201202,42594.672.92$7,077
Aug 201202,54992.662.91$7,413
Jul 201202,69285.133.02$8,132
Jun 201202,53479.822.52$6,383
May 201202,53791.612.49$6,313
Apr 201202,579101.652.00$5,150
Mar 20121862,307105.052.22$24,666
Feb 201201,916101.102.57$4,925
Jan 201202,02898.092.73$5,545
Dec 201102,13196.873.24$6,904
Nov 201102,35295.723.31$7,788
Oct 20111892,79984.983.65$26,273
Sep 201102,63883.623.99$10,515
Aug 201102,71783.404.15$11,274
Jul 201102,55594.144.52$11,542
Jun 201102,62792.904.64$12,189
May 201102,84198.134.40$12,514
Apr 20111872,728105.964.33$31,636
Mar 201102,85696.364.06$11,588
Feb 201102,14285.644.18$8,954
Jan 201102,70486.504.59$12,408
Dec 20101942,65085.734.35$28,153
Nov 201002,58380.843.80$9,803
Oct 201002,67278.103.51$9,376
Sep 20101983,64572.633.98$28,886
Aug 201003,25473.684.42$14,381
Jul 201001,73972.554.74$8,237
Jun 20101851,64370.364.91$21,084
May 201001,11171.124.24$4,705
Apr 20100081.694.12$0
Mar 201001,27378.394.39$5,587
Feb 201001,54273.585.44$8,392
Jan 201001,23974.365.96$7,390
Dec 200901,53771.445.48$8,429
Nov 200901,24174.593.75$4,656
Oct 200902,19672.544.11$9,026
Sep 200902,09465.543.06$6,418
Aug 200902,35667.423.22$7,583
Jul 200902,30061.133.46$7,968
Jun 200901,53866.163.90$5,991
May 200902,32054.743.93$9,108
Apr 200902,09846.773.59$7,527
Mar 2009722,13342.144.06$11,692
Feb 200901,86532.814.63$8,641
Jan 200902,26235.865.37$12,149
Dec 200802,13937.105.98$12,785
Nov 200802,16955.496.86$14,880
Oct 200802,83075.246.92$19,589
Sep 200802,159101.767.88$17,007
Aug 200802,451114.228.48$20,792
Jul 200801,979131.0811.39$22,540
Jun 200802,381131.3313.03$31,031
May 200802,382123.1711.57$27,570
Apr 200802,537110.3110.45$26,524
Mar 200802,340101.909.66$22,614
Feb 200802,23392.538.77$19,585
Jan 200812,80090.388.21$23,066
Dec 200702,57788.337.30$18,817
Nov 200702,78591.677.29$20,307
Oct 200703,05582.856.92$21,147
Sep 200702,79175.846.24$17,427
Aug 200702,68269.066.39$17,132
Jul 200703,05770.906.39$19,528
Jun 200702,99462.007.55$22,600
May 200703,45058.747.85$27,070
Apr 200701,47059.617.81$11,474
Mar 20071073,01356.927.30$28,091
Feb 200703,11955.108.22$25,626
Jan 200703,41250.306.73$22,952
Dec 200603,70956.656.92$25,660
Nov 200603,15054.207.62$23,995
Oct 200602,90754.906.01$17,482
Sep 200602,99460.085.04$15,081
Aug 200602,94968.717.34$21,645
Jul 200602,29269.376.34$14,538
Jun 200601,65666.286.38$10,572
May 200602,96466.016.42$19,044
Apr 200612,48864.397.36$18,377
Mar 200603,08356.707.08$21,837
Feb 200603,08157.597.75$23,881
Jan 200602,78960.598.93$24,915
Dec 200503,44154.9413.42$46,162
Nov 200503,46054.6910.59$36,636
Oct 200503,51058.3413.80$48,423
Sep 200504,00461.4512.08$48,364
Aug 200503,39961.519.80$33,299
Jul 200503,62855.697.84$28,457
Jun 200503,79752.337.38$28,026
May 200525,13545.226.65$34,244
Apr 200503,03749.207.36$22,354
Mar 200504,08250.377.15$29,206
Feb 200503,24345.226.31$20,470
Jan 200503,27543.166.32$20,705
Dec 200403,71439.866.75$25,074
Nov 200403,89445.286.33$24,651
Oct 200403,98849.706.52$25,982
Sep 2004604,66543.245.28$27,244
Aug 200405,35042.375.55$29,696
Jul 200436,42538.286.08$39,206
Jun 200405,48736.106.43$35,298
May 200404,82937.486.49$31,362
Apr 200404,22534.475.86$24,752
Mar 200402,90034.365.53$16,037
Feb 200403,55432.455.51$19,581
Jan 200403,78132.036.30$23,819
Dec 200307,21730.266.30$45,479
Nov 2003704,34528.804.60$21,982
Oct 200307,72128.174.76$36,749
Sep 200307,87126.314.75$37,382
Aug 200304,30029.765.13$22,058
Jul 200301,29129.415.17$6,676
Jun 200303,16828.565.98$18,954
May 200304,93626.595.97$29,481
Apr 200304,80226.675.41$25,966
Mar 200303,87531.146.10$23,622
Feb 200306,07433.487.93$48,142
Jan 200305,69930.315.58$31,812
Dec 20021856,43926.914.85$36,232
Nov 200206,16224.664.14$25,492
Oct 200207,72826.464.23$32,683
Sep 200203,47127.443.64$12,618
Aug 200204,67325.963.16$14,786
Jul 200205,50124.583.06$16,843
Jun 200203,81623.733.34$12,739
May 200207,93624.663.58$28,443
Apr 200205,63923.653.51$19,806
Mar 200208,51622.003.10$26,423
Feb 200203,11418.222.38$7,398
Jan 200205,48817.172.38$13,038
Dec 200101,06816.932.36$2,525
Nov 200108,50118.072.41$20,449
Oct 2001011,84019.782.53$29,942
Sep 200105,33024.262.25$12,000
Aug 2001010,41324.873.05$31,793
Jul 2001011,06823.933.20$35,385
Jun 200117810,77924.563.82$45,592
May 200109,63325.524.31$41,492
Apr 2001011,28324.685.34$60,198
Mar 2001011,17624.545.38$60,087
Feb 2001011,22627.755.77$64,741
Jan 2001012,54627.478.40$105,371
Dec 2000013,86226.889.12$126,456
Nov 2000011,52232.215.66$65,191
Oct 2000014,61731.235.15$75,212
Sep 2000016,15331.875.19$83,778
Aug 200018119,44529.644.54$93,660
Jul 2000021,68828.534.09$88,699
Jun 2000010,73429.304.40$47,200
May 200009,92427.263.68$36,518
Apr 200009,95724.513.12$31,026
Mar 200007,83628.422.86$22,409
Feb 2000013,21327.622.73$36,025
Jan 200017915,25925.272.48$42,373
Dec 1999015,33524.282.42$37,168
Nov 1999014,46123.192.43$35,198
Oct 1999018,17320.982.80$50,952
Sep 1999015,89521.752.62$41,627
Aug 1999018,04319.262.88$51,884
Jul 199917011,46617.892.37$30,243
Jun 1999019,84415.942.36$46,874
May 1999024,45515.792.32$56,761
Apr 1999021,45415.102.21$47,372
Mar 1999026,44312.471.84$48,611
Feb 1999025,5439.981.82$46,432
Jan 199917729,60310.381.90$58,081
Dec 1998025,6689.201.77$45,518
Nov 1998029,47110.892.19$64,415
Oct 199817734,73012.421.97$70,589
Sep 1998036,82912.592.08$76,701
Aug 1998042,49311.301.91$81,049
Jul 199816644,64411.742.24$101,830
Jun 1998048,14411.242.24$107,711
May 1998053,24412.622.21$117,474
Apr 1998060,31613.042.51$151,111
Mar 1998067,75612.802.31$156,478
Feb 1998071,09113.952.30$163,447
Jan 1998088,27314.702.15$190,210
Dec 1997096,38016.322.41$232,382
Nov 19970109,25318.193.09$337,402
Oct 19970128,82319.253.15$405,769
Sep 19970154,17517.742.95$455,569
Aug 199732195,46117.862.55$499,924
Jul 19970239,05117.582.25$537,133
Jun 19978272,28917.242.26$614,749
May 199716286,34618.972.31$661,333
Apr 1997227335,92217.882.08$703,710
Mar 1997763,86118.951.94$123,968
Feb 199714911,10820.492.21$27,556
Jan 1997017,61023.483.54$62,334
Dec 199639517,44123.32$9,211
Nov 1996018,50621.97$0
Oct 199615419,40923.31$3,590
Sep 1996121,99422.22$22
Aug 199617223,14120.26$3,485
Jul 199617824,21119.55$3,480
Jun 199617723,55218.73$3,315
May 1996124,93019.43$19
Apr 199617825,02421.51$3,829
Mar 199618227,15119.38$3,527
Feb 199618817,82616.98$3,192
Jan 199636427,32917.07$6,213
Dec 199517420,48617.19$2,991
Nov 1995028,27416.00$0
Oct 199517229,07415.43$2,654
Sep 199517225,93916.18$2,783
Aug 199515820,18615.92$2,515
Jul 199535541,67415.24$5,410
Jun 199518337,73416.41$3,003
May 199535747,69017.56$6,269
Apr 199538038,09717.73$6,737
Mar 199536142,63316.44$5,935
Feb 199555957,91016.58$9,268
Jan 199573478,52515.92$11,685
Dec 1994890101,04915.03$13,377
Nov 19941,448137,43515.90$23,023
Oct 199455879,07515.58$8,694

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                   17 Mcf  × $  3.05 =        $52

────────────────────────────────────────────────────
Month total                                      $52

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/152557 is the state's own key, not one this site invented.