CRAIN 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 153695District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.6 M
Oct 1994 – May 2026
Value, last 12 filed months
$18 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 Gas111995-05-22132036
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
CondensateDisposition79,121 bbl$1,866,812
GasProduction2,958,687 Mcf$4,708,753
Total$6,575,566

1,760,964 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 29.9937, -96.7114. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.99372, -96.71137 · 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
16,200 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 16,200 ft.

Completions filed
Oct 1994
1 of 1 wells

1 well

42-14932906116,200 ftOct 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 (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 20260403106.413.05$1,227
Apr 2026033998.932.87$973
Mar 2026035589.753.15$1,118
Feb 2026032963.503.75$1,234
Jan 2026049359.138.00$3,943
Dec 2025053756.664.41$2,370
Nov 2025045658.593.93$1,790
Oct 2025040259.383.30$1,329
Sep 2025035562.743.08$1,092
Aug 2025037763.933.01$1,137
Jul 2025028566.743.32$945
Jun 2025037966.483.13$1,186
May 2025039560.553.23$1,277
Apr 2025043962.363.54$1,555
Mar 2025040167.704.27$1,712
Feb 2025039370.884.34$1,706
Jan 2025042574.324.28$1,818
Dec 2024048568.993.12$1,514
Nov 2024043269.052.20$950
Oct 2024035071.372.28$798
Sep 2024036569.612.36$863
Aug 2024046175.632.06$951
Jul 2024043779.932.15$938
Jun 2024047278.082.63$1,243
May 2024013678.812.20$299
Apr 202409784.451.66$161
Mar 2024024780.301.55$382
Feb 2024014776.091.78$262
Jan 2024044573.023.30$1,467
Dec 202308171.262.61$211
Nov 202302177.892.81$59
Oct 2023191785.443.09$2,916
Sep 2023028889.042.74$788
Aug 202317745980.522.67$15,479
Jul 202311,12274.852.64$3,039
Jun 202322,23768.962.26$5,190
May 2023093470.622.23$2,080
Apr 202301278.122.24$27
Mar 202301572.852.39$36
Feb 202305075.112.47$123
Jan 20230076.533.39$0
Dec 2022172176.415.73$4,207
Nov 202201,12085.005.65$6,324
Oct 20221911,27987.185.86$24,151
Sep 202231,26984.888.16$10,614
Aug 202221,55494.529.13$14,373
Jul 202223,006101.587.54$22,875
Jun 202211,175115.097.98$9,488
May 20220836109.378.43$7,050
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 2021017670.783.98$701
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
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 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200234.901.69$3
May 2020021016.921.81$381
Apr 20201611,10114.751.80$4,361
Mar 202001,14030.341.86$2,116
Feb 2020093549.881.98$1,852
Jan 202001,15457.252.09$2,417
Dec 201901,11559.012.30$2,569
Nov 201901,12355.302.75$3,089
Oct 201901,03553.472.42$2,503
Sep 20191521,01355.052.66$11,059
Aug 201901,16553.112.30$2,685
Jul 201901,10956.272.46$2,728
Jun 201901,11552.782.49$2,778
May 201901,13758.482.74$3,116
Apr 201911,20462.632.75$3,374
Mar 20191741,28156.803.06$13,806
Feb 201901,33150.852.79$3,716
Jan 201901,39246.033.23$4,494
Dec 2018043746.594.19$1,829
Nov 201801,29752.934.24$5,496
Oct 2018531,42161.443.40$8,085
Sep 201801,86959.543.11$5,809
Aug 2018071259.403.07$2,183
Jul 201803,55265.142.93$10,414
Jun 20182060.183.08$120
May 201816712065.382.90$11,267
Apr 201824063.842.90$244
Mar 2018010561.222.79$293
Feb 201805761.782.77$158
Jan 201825162.874.01$330
Dec 201704257.272.92$123
Nov 201725155.423.12$270
Oct 2017211549.292.98$442
Sep 201733447.523.09$248
Aug 201708445.373.00$252
Jul 20170943.873.09$28
Jun 2017059942.493.09$1,849
May 201701,15945.373.26$3,782
Apr 201701,10147.933.21$3,536
Mar 201701,18246.772.98$3,527
Feb 2017831,09250.452.95$7,412
Jan 201701,10449.413.42$3,774
Dec 201601,18048.763.72$4,393
Nov 20161831,27642.492.64$11,150
Oct 201601,23046.193.09$3,801
Sep 201601,25941.553.10$3,904
Aug 201601,17641.442.92$3,439
Jul 201601,22441.622.92$3,579
Jun 201601,22245.352.69$3,282
May 2016099142.521.99$1,973
Apr 201601,21936.561.99$2,427
Mar 20161911,29933.011.79$8,635
Feb 201601,22726.472.06$2,532
Jan 201601,37727.352.36$3,256
Dec 201501,42832.362.00$2,858
Nov 2015095938.792.17$2,078
Oct 201501,37243.552.43$3,329
Sep 201501,36642.992.76$3,768
Aug 201501,37640.162.87$3,953
Jul 20151821,44448.152.95$13,016
Jun 201501,44956.152.88$4,177
May 201501,51655.212.96$4,480
Apr 201501,81949.822.71$4,923
Mar 2015053542.892.93$1,570
Feb 201501,17344.662.98$3,491
Jan 201501,35043.433.10$4,186
Dec 20141881,36854.693.59$15,195
Nov 201401,28370.464.25$5,455
Oct 201401,36978.303.90$5,340
Sep 201401,35186.164.05$5,465
Aug 201401,42089.394.04$5,730
Jul 201401,44796.564.18$6,048
Jun 201401,41498.164.74$6,698
May 20141931,45594.734.73$25,160
Apr 201401,43495.944.81$6,896
Mar 201401,39195.895.06$7,034
Feb 201401,33197.406.19$8,242
Jan 201401,51990.404.86$7,383
Dec 201301,50691.824.35$6,558
Nov 20131811,42788.853.74$21,416
Oct 201301,51197.423.78$5,711
Sep 201301,431104.113.72$5,320
Aug 201301,594104.253.52$5,615
Jul 201301,615102.523.72$6,004
Jun 201301,59794.403.93$6,282
May 20131851,74794.834.15$24,792
Apr 201301,70793.964.28$7,310
Mar 201301,71993.623.91$6,726
Feb 201301,48991.233.42$5,092
Jan 201301,69191.603.42$5,783
Dec 201201,47586.773.42$5,045
Nov 20121811,67586.953.62$21,810
Oct 201201,77589.383.40$6,034
Sep 201202,01394.672.92$5,875
Aug 2012089992.662.91$2,614
Jul 201201,79985.133.02$5,434
Jun 20121811,65079.822.52$18,604
May 201201,61991.612.49$4,029
Apr 201201,557101.652.00$3,109
Mar 201201,624105.052.22$3,609
Feb 20121781,843101.102.57$22,733
Jan 201201,69198.092.73$4,623
Dec 201101,64296.873.24$5,320
Nov 201101,81095.723.31$5,993
Oct 201101,68684.983.65$6,151
Sep 20111811,66983.623.99$21,788
Aug 201101,80183.404.15$7,473
Jul 201101,93194.144.52$8,723
Jun 201102,29192.904.64$10,630
May 20111921,14798.134.40$23,893
Apr 201101,882105.964.33$8,155
Mar 201101,75796.364.06$7,129
Feb 201101,87385.644.18$7,829
Jan 20111961,30086.504.59$22,919
Dec 201001,86185.734.35$8,091
Nov 201001,90880.843.80$7,241
Oct 201001,98478.103.51$6,962
Sep 20101922,02072.633.98$21,983
Aug 201002,12473.684.42$9,387
Jul 201002,19072.554.74$10,373
Jun 201002,13170.364.91$10,464
May 20101932,29971.124.24$23,463
Apr 201001,79781.694.12$7,408
Mar 201001,94678.394.39$8,540
Feb 201001,93873.585.44$10,547
Jan 20101962,23074.365.96$27,874
Dec 200902,08371.445.48$11,423
Nov 200902,06174.593.75$7,732
Oct 200902,20972.544.11$9,080
Sep 20091932,15065.543.06$19,238
Aug 200902,27467.423.22$7,319
Jul 200902,36761.133.46$8,200
Jun 20091932,51466.163.90$22,561
May 200902,62754.743.93$10,313
Apr 200902,70646.773.59$9,708
Mar 20092022,85442.144.06$20,097
Feb 200903,66132.814.63$16,961
Jan 200901835.865.37$97
Dec 2008080437.105.98$4,806
Nov 200802,67055.496.86$18,317
Oct 20081992,85375.246.92$34,721
Sep 200802,590101.767.88$20,402
Aug 20081932,844114.228.48$46,170
Jul 200802,970131.0811.39$33,827
Jun 200802,725131.3313.03$35,514
May 20081942,568123.1711.57$53,618
Apr 200803,236110.3110.45$33,832
Mar 20081973,049101.909.66$49,540
Feb 200803,31392.538.77$29,057
Jan 20081993,54290.388.21$47,050
Dec 200703,83088.337.30$27,967
Nov 200703,59291.677.29$26,192
Oct 20071954,05982.856.92$44,252
Sep 200704,22175.846.24$26,357
Aug 20071934,71069.066.39$43,416
Jul 20072064,64370.906.39$44,265
Jun 2007104,02162.007.55$30,972
May 200781,40658.747.85$11,502
Apr 200711059.617.81$138
Mar 2007186656.927.30$6,380
Feb 200719168555.108.22$16,152
Jan 2007026250.306.73$1,762
Dec 200631,91456.656.92$13,412
Nov 2006171554.207.62$5,501
Oct 2006144254.906.01$2,713
Sep 20061851,93860.085.04$20,877
Aug 200631,21568.717.34$9,124
Jul 2006072669.376.34$4,605
Jun 200612,01466.286.38$12,923
May 20061723,49866.016.42$33,828
Apr 200614,92064.397.36$36,278
Mar 20061792,78356.707.08$29,861
Feb 200612,30557.597.75$17,924
Jan 200622,80460.598.93$25,170
Dec 20051742,71054.9413.42$45,915
Nov 200532,68854.6910.59$28,626
Oct 20051802,25558.3413.80$41,611
Sep 200522,96961.4512.08$35,985
Aug 20051673,27261.519.80$42,327
Jul 200502,76455.697.84$21,680
Jun 200532,73652.337.38$20,352
May 20051942,44445.226.65$25,028
Apr 200502,23149.207.36$16,421
Mar 200522,81450.377.15$20,235
Feb 20051663,15745.226.31$27,433
Jan 20051773,43543.166.32$29,356
Dec 200423,21739.866.75$21,798
Nov 20041503,27945.286.33$27,549
Oct 20041783,78949.706.52$33,532
Sep 200483,92943.245.28$21,106
Aug 20041806,04442.375.55$41,175
Jul 20043518,86838.286.08$67,391
Jun 200432,50236.106.43$16,204
May 200403,35237.486.49$21,770
Apr 20041753,49334.475.86$26,496
Mar 20041985,09234.365.53$34,963
Feb 20041885,33832.455.51$35,511
Jan 20041814,24632.036.30$32,546
Dec 200315,07430.266.30$32,005
Nov 20033675,68228.804.60$36,679
Oct 200306,26428.174.76$29,814
Sep 20033606,39726.314.75$39,853
Aug 20031736,91029.765.13$40,595
Jul 20031857,32729.415.17$43,328
Jun 20033637,41928.565.98$54,755
May 20033577,91626.595.97$56,772
Apr 20031837,73826.675.41$46,722
Mar 200337,88331.146.10$48,149
Feb 20033698,41733.487.93$79,066
Jan 20031889,84730.315.58$60,665
Dec 200236111,96626.914.85$67,795
Nov 200218312,09624.664.14$54,553
Oct 200235515,03926.464.23$72,995
Sep 200253516,57527.443.64$74,934
Aug 200239319,31025.963.16$71,302
Jul 20020024.583.06$0
Jun 20021001,50523.733.34$7,397
May 20021744,84424.663.58$21,652
Apr 200203,95823.653.51$13,902
Mar 20021814,73822.003.10$18,683
Feb 20021815,43118.222.38$16,200
Jan 200204,25617.172.38$10,111
Dec 20011775,01216.932.36$14,847
Nov 200104,40318.072.41$10,592
Oct 200105,92019.782.53$14,971
Sep 200105,13824.262.25$11,567
Aug 20013594,12424.873.05$21,520
Jul 200107,84423.933.20$25,078
Jun 20011796,30924.563.82$28,523
May 20011795,68225.524.31$29,042
Apr 20011833,93624.685.34$25,516
Mar 20011797,37024.545.38$44,017
Feb 200105,52127.755.77$31,840
Jan 200104,63027.478.40$38,886
Dec 20001855,10126.889.12$51,507
Nov 200004,63032.215.66$26,197
Oct 20001825,41331.235.15$33,536
Sep 20001805,86531.875.19$36,155
Aug 20001816,51729.644.54$34,957
Jul 200003,42928.534.09$14,024
Jun 20001849,43229.304.40$46,866
May 200003,18227.263.68$11,709
Apr 20001774,16724.513.12$17,323
Mar 20001836,85328.422.86$24,799
Feb 20001813,96627.622.73$15,813
Jan 200006,97725.272.48$17,306
Dec 19993567,07424.282.42$25,789
Nov 19991797,14823.192.43$21,549
Oct 19991798,93620.982.80$28,809
Sep 199906,41921.752.62$16,810
Aug 19993568,73919.262.88$31,986
Jul 199906,43117.892.37$15,257
Jun 19993535,17015.942.36$17,839
May 19993468,46715.792.32$25,115
Apr 199906,91715.102.21$15,273
Mar 199907,98112.471.84$14,672
Feb 199935511,7399.981.82$24,882
Jan 199908,63610.381.90$16,408
Dec 19983588,7159.201.77$18,748
Nov 199818121,83410.892.19$49,694
Oct 199805,58112.421.97$10,990
Sep 19983519,30512.592.08$23,798
Aug 199834618,18211.301.91$38,589
Jul 1998912,81711.742.24$28,781
Jun 1998816,53411.242.24$37,081
May 19981,27152,51812.622.21$131,913
Apr 1998014,96713.042.51$37,497
Mar 199853810,73112.802.31$31,669
Feb 199809,90113.952.30$22,764
Jan 199806,51114.702.15$14,030
Dec 199736118,06416.322.41$49,446
Nov 199736314,88818.193.09$52,581
Oct 199735516,92819.253.15$60,154
Sep 199707,48717.742.95$22,123
Aug 199735528,31317.862.55$78,673
Jul 19971805,19617.582.25$14,840
Jun 199735516,51317.242.26$43,393
May 199719024,99318.972.31$61,301
Apr 19971927,25017.882.08$18,533
Mar 199718717,82918.951.94$38,117
Feb 199736320,17620.492.21$51,944
Jan 199737521,90523.483.54$86,342
Dec 199637317,46623.32$8,698
Nov 199637826,65721.97$8,305
Oct 199635017,24023.31$8,159
Sep 199637226,95722.22$8,266
Aug 199671228,90320.26$14,425
Jul 199670731,27919.55$13,822
Jun 199653334,23118.73$9,983
May 199691443,81119.43$17,759
Apr 19961,26742,32421.51$27,253
Mar 19961,08639,01219.38$21,047
Feb 199655928,17716.98$9,492
Jan 199672324,83917.07$12,342
Dec 19951,09126,71717.19$18,754
Nov 19951,09936,01116.00$17,584
Oct 19951,09741,33915.43$16,927
Sep 19951,28039,28816.18$20,710
Aug 19951,27852,70315.92$20,346
Jul 19951,96263,28915.24$29,901
Jun 19951,78568,67316.41$29,292
May 19952,38779,71817.56$41,916
Apr 19952,74789,31317.73$48,704
Mar 19953,490108,57716.44$57,376
Feb 19953,726126,12816.58$61,777
Jan 19955,605174,36915.92$89,232
Dec 19947,747211,89115.03$116,437
Nov 19949,886271,33715.90$157,187
Oct 1994010,71515.58$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                  403 Mcf  × $  3.05 =     $1,227

────────────────────────────────────────────────────
Month total                                   $1,227

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/153695 is the state's own key, not one this site invented.