SANDERS

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 152852District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.2 M
Dec 1994 – Apr 2020
Value, last 12 filed months
$0
at the published price for each month
Months reported
305
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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
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 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

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 Gas221995-03-20 – 2012-11-062 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
CondensateDisposition29,130 bbl$524,986
GasProduction1,605,490 Mcf$1,654,950
Total$2,179,937

1,135,084 Mcf of this lease's gas, across 24 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 30.4745, -96.1323. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.47451, -96.13227 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
12,693 ft
1 wells filed one
Completion to plug
8.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 12,693 ft.

Completions filed
Sep 2011
1 of 1 wells
Plug dates filed
Apr 2020
1 of 1 wells

Last completion to plug: a median of 8.6 years across the 1 well that filed both dates, with the middle half between 8.6 years and 8.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-185304752H12,693 ftSep 2011Apr 2020Yes

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 (305)

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

305 months

Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 201229098.092.73$2,845
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 201106183.623.99$243
Aug 2011057283.404.15$2,373
Jul 2011045294.144.52$2,042
Jun 2011047492.904.64$2,199
May 2011048098.134.40$2,114
Apr 20110470105.964.33$2,037
Mar 201119646296.364.06$20,761
Feb 2011037985.644.18$1,584
Jan 2011030286.504.59$1,386
Dec 2010047085.734.35$2,043
Nov 2010024780.843.80$937
Oct 2010069878.103.51$2,449
Sep 2010045672.633.98$1,815
Aug 2010046273.684.42$2,042
Jul 2010056972.554.74$2,695
Jun 2010051970.364.91$2,549
May 2010043071.124.24$1,821
Apr 201007681.694.12$313
Mar 2010037078.394.39$1,624
Feb 2010031373.585.44$1,703
Jan 2010022274.365.96$1,324
Dec 2009034071.445.48$1,864
Nov 2009055474.593.75$2,078
Oct 2009037472.544.11$1,537
Sep 2009024265.543.06$742
Aug 2009015567.423.22$499
Jul 20091621361.133.46$1,716
Jun 2009018766.163.90$728
May 2009026554.743.93$1,040
Apr 2009036646.773.59$1,313
Mar 2009249642.144.06$2,098
Feb 2009040532.814.63$1,876
Jan 2009357935.865.37$3,217
Dec 2008081337.105.98$4,859
Nov 2008032855.496.86$2,250
Oct 2008038975.246.92$2,693
Sep 20080399101.767.88$3,143
Aug 20080480114.228.48$4,072
Jul 20080461131.0811.39$5,251
Jun 20080512131.3313.03$6,673
May 20081519123.1711.57$6,130
Apr 20080522110.3110.45$5,457
Mar 20081763101.909.66$7,476
Feb 2008054592.538.77$4,780
Jan 2008067690.388.21$5,547
Dec 2007087888.337.30$6,411
Nov 200701,01791.677.29$7,416
Oct 2007045182.856.92$3,122
Sep 2007030175.846.24$1,879
Aug 2007053569.066.39$3,418
Jul 2007030570.906.39$1,948
Jun 2007026562.007.55$2,000
May 2007036558.747.85$2,864
Apr 2007060359.617.81$4,707
Mar 2007075156.927.30$5,484
Feb 2007062555.108.22$5,135
Jan 2007077950.306.73$5,240
Dec 2006059456.656.92$4,110
Nov 2006053454.207.62$4,068
Oct 2006048354.906.01$2,905
Sep 2006060860.085.04$3,063
Aug 2006073568.717.34$5,395
Jul 2006085369.376.34$5,410
Jun 2006172066.286.38$4,663
May 2006059666.016.42$3,829
Apr 200612959064.397.36$12,649
Mar 2006071056.707.08$5,029
Feb 2006178857.597.75$6,165
Jan 2006089060.598.93$7,951
Dec 2005083254.9413.42$11,162
Nov 2005068754.6910.59$7,274
Oct 2005049358.3413.80$6,801
Sep 2005042061.4512.08$5,073
Aug 2005052861.519.80$5,173
Jul 2005061755.697.84$4,840
Jun 2005058852.337.38$4,340
May 2005047145.226.65$3,133
Apr 2005044249.207.36$3,253
Mar 2005049050.377.15$3,506
Feb 2005036245.226.31$2,285
Jan 2005032943.166.32$2,080
Dec 2004051539.866.75$3,477
Nov 2004029845.286.33$1,886
Oct 2004224249.706.52$1,676
Sep 200404143.245.28$217
Aug 200401242.375.55$67
Jul 200401738.286.08$103
Jun 20041161,71036.106.43$15,188
May 200401,67837.486.49$10,898
Apr 200401,24434.475.86$7,288
Mar 200401,47734.365.53$8,168
Feb 200401,06832.455.51$5,884
Jan 200401,71832.036.30$10,823
Dec 2003342,82630.266.30$18,837
Nov 200301,36128.804.60$6,254
Oct 20031001,93228.174.76$12,013
Sep 200302,27526.314.75$10,805
Aug 200303,87029.765.13$19,852
Jul 200305,15129.415.17$26,635
Jun 200305,62228.565.98$33,636
May 2003010,51126.595.97$62,779
Apr 200302,41726.675.41$13,069
Mar 200301,76231.146.10$10,741
Feb 20031161,00533.487.93$11,849
Jan 200301,05930.315.58$5,911
Dec 200201,14126.914.85$5,538
Nov 200202,19324.664.14$9,072
Oct 200202,90126.464.23$12,269
Sep 200202,77927.443.64$10,102
Aug 200202,14725.963.16$6,793
Jul 200201,92724.583.06$5,900
Jun 200201,31923.733.34$4,403
May 200201,35324.663.58$4,849
Apr 20028896523.653.51$5,471
Mar 200202,09322.003.10$6,494
Feb 2002080118.222.38$1,903
Jan 200201,00417.172.38$2,385
Dec 2001020516.932.36$485
Nov 200102,84818.072.41$6,851
Oct 200102,30919.782.53$5,839
Sep 20011482,47624.262.25$9,165
Aug 200105,76424.873.05$17,598
Jul 200102,89323.933.20$9,249
Jun 200102,33224.563.82$8,918
May 20011702,50225.524.31$15,115
Apr 200102,50224.685.34$13,349
Mar 200103,43324.545.38$18,457
Feb 200102,87327.755.77$16,569
Jan 20011653,65227.478.40$35,205
Dec 200003,80926.889.12$34,748
Nov 200003,69132.215.66$20,884
Oct 20001564,27631.235.15$26,874
Sep 200003,83331.875.19$19,880
Aug 200003,72329.644.54$16,905
Jul 200003,91628.534.09$16,015
Jun 20001424,36429.304.40$23,350
May 200003,47027.263.68$12,769
Apr 200003,09624.513.12$9,647
Mar 20001394,12828.422.86$15,755
Feb 200003,79327.622.73$10,342
Jan 200004,52825.272.48$11,232
Dec 19991176,57724.282.42$18,782
Nov 1999955,95623.192.43$16,700
Oct 199906,84420.982.80$19,189
Sep 199904,97321.752.62$13,024
Aug 199905,57319.262.88$16,026
Jul 199906,56217.892.37$15,567
Jun 1999455,32115.942.36$13,286
May 199905,40915.792.32$12,554
Apr 1999446,62815.102.21$15,299
Mar 1999488,10512.471.84$15,498
Feb 1999976,1419.981.82$12,131
Jan 199902,40010.381.90$4,560
Dec 199801149.201.77$202
Nov 199807,65710.892.19$16,736
Oct 199832,08912.421.97$4,151
Sep 199806,08612.592.08$12,675
Aug 199807,76711.301.91$14,814
Jul 199807,76211.742.24$17,366
Jun 1998999,46711.242.24$22,293
May 1998012,44712.622.21$27,462
Apr 199817833,06213.042.51$85,152
Mar 199816322,98912.802.31$55,178
Feb 199815825,83513.952.30$61,602
Jan 19984411,13714.702.15$24,645
Dec 19971167,55416.322.41$20,107
Nov 199730825,80418.193.09$85,292
Oct 199704,21219.253.15$13,267
Sep 1997401,10517.742.95$3,975
Aug 199702,08517.862.55$5,327
Jul 1997482,70517.582.25$6,922
Jun 19971421,34917.242.26$5,493
May 199701,28118.972.31$2,957
Apr 199704,34217.882.08$9,043
Mar 199702,53418.951.94$4,914
Feb 19971557,20420.492.21$19,067
Jan 199702,17823.483.54$7,709
Dec 19961418,53123.32$3,288
Nov 199606,25121.97$0
Oct 199605,97323.31$0
Sep 199606,72322.22$0
Aug 1996011,96220.26$0
Jul 199636111,94419.55$7,058
Jun 199634316,03818.73$6,424
May 199648122,84819.43$9,346
Apr 199645723,74221.51$9,830
Mar 199635718,41819.38$6,919
Feb 19965197,93416.98$8,813
Jan 199652726,76117.07$8,996
Dec 199539624,27317.19$6,807
Nov 199570945,44916.00$11,344
Oct 19951,00138,28015.43$15,445
Sep 19953014,74216.18$4,870
Aug 19951,10342,24215.92$17,560
Jul 19951,86177,72115.24$28,362
Jun 19950016.41$0
May 19953,050132,43817.56$53,558
Apr 199557728,61917.73$10,230
Mar 19952,600114,85016.44$42,744
Feb 19953,602167,10916.58$59,721
Jan 19955,564218,49915.92$88,579
Dec 19941,52573,73715.03$22,921

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.

Jan 2012 — as filed, then multipliedworked
Condensate            29 bbl  × $ 98.09 =     $2,845
Gas                    0 Mcf  × $  2.73 =         $0

────────────────────────────────────────────────────
Month total                                   $2,845

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/152852 is the state's own key, not one this site invented.