LEACHMAN 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 153872District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.9 M
Dec 1994 – May 2026
Value, last 12 filed months
$218 k
at the published price for each month
Months reported
378
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 Gas111995-07-25131630
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
CondensateDisposition47,698 bbl$1,935,809
GasProduction3,207,925 Mcf$9,984,101
Total$11,919,910

743,230 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 30.2709, -96.5444. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.27095, -96.54444 · 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
15,100 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 15,100 ft.

Completions filed
Dec 1994
1 of 1 wells

1 well

42-47730750115,100 ftDec 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 (378)

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

378 months

May 20261822,888106.413.05$28,163
Apr 202603,03398.932.87$8,704
Mar 202604,68289.753.15$14,746
Feb 202608963.503.75$334
Jan 20261833,03059.138.00$35,054
Dec 202514,70756.664.41$20,830
Nov 20251754,35458.593.93$27,349
Oct 202504,07259.383.30$13,457
Sep 202512,70462.743.08$8,383
Aug 20251854,06063.933.01$24,067
Jul 202513,46166.743.32$11,541
Jun 20251844,32566.483.13$25,764
May 202555,38260.553.23$17,699
Apr 20251807,00862.363.54$36,055
Mar 20251968,23067.704.27$48,397
Feb 202586,29570.884.34$27,893
Jan 20251219,41674.324.28$49,281
Dec 20241789,31468.993.12$41,353
Nov 20240069.052.20$0
Oct 202401,11971.372.28$2,553
Sep 20241802,69669.612.36$18,904
Aug 202402,69575.632.06$5,561
Jul 202402,83979.932.15$6,094
Jun 202402,73378.082.63$7,199
May 20241833,05278.812.20$21,132
Apr 202403,01684.451.66$5,004
Mar 202413,19480.301.55$5,015
Feb 202403,08776.091.78$5,506
Jan 20241903,41073.023.30$25,119
Dec 202303,21871.262.61$8,401
Nov 202303,92177.892.81$11,008
Oct 202302,89985.443.09$8,950
Sep 20231845,83889.042.74$32,351
Aug 202302,98180.522.67$7,968
Jul 202319974.852.64$336
Jun 20231854,48868.962.26$22,894
May 202305,17370.622.23$11,522
Apr 202305,87178.122.24$13,138
Mar 20231796,73072.852.39$29,146
Feb 202319110,63975.112.47$40,578
Jan 20231878,13376.533.39$41,863
Dec 20220076.415.73$0
Nov 2022010285.005.65$576
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 202201,41794.529.13$12,933
Jul 202202,543101.587.54$19,180
Jun 202202,952115.097.98$23,549
May 20221902,444109.378.43$41,391
Apr 202203,025104.226.84$20,684
Mar 202202,463108.885.08$12,503
Feb 202202,21291.054.86$10,748
Jan 202202,93381.844.54$13,309
Dec 20211802,29671.323.90$21,790
Nov 202112,48277.435.24$13,075
Oct 202102,65279.795.71$15,153
Sep 202102,57669.865.35$13,784
Aug 20211822,79366.024.22$23,804
Jul 202102,49370.783.98$9,927
Jun 202102,38969.493.38$8,076
May 202102,73763.483.02$8,259
Apr 202102,42360.362.76$6,684
Mar 20211862,80961.302.72$19,034
Feb 202102,37757.805.55$13,187
Jan 202102,59950.412.81$7,304
Dec 20201873,09144.642.68$16,618
Nov 202002,81938.772.71$7,630
Oct 202002,15736.972.48$5,346
Sep 202002,57637.091.99$5,129
Aug 20201842,47339.982.39$13,255
Jul 202001,83338.371.83$3,345
Jun 202002,17934.901.69$3,683
May 202002,86816.921.81$5,205
Apr 202002,88014.751.80$5,197
Mar 20201832,84830.341.86$10,839
Feb 202002,79249.881.98$5,530
Jan 20201812,91057.252.09$16,458
Dec 201903,30259.012.30$7,609
Nov 201902,81855.302.75$7,751
Oct 201902,85753.472.42$6,910
Sep 201902,67655.052.66$7,111
Aug 20191802,78553.112.30$15,977
Jul 201902,83356.272.46$6,969
Jun 201902,54252.782.49$6,333
May 201902,96858.482.74$8,133
Apr 201902,50162.632.75$6,880
Mar 20191842,23356.803.06$17,289
Feb 201901,85450.852.79$5,177
Jan 201903,02546.033.23$9,765
Dec 201802,42046.594.19$10,129
Nov 20181853,26252.934.24$23,614
Oct 201802,17661.443.40$7,394
Sep 201802,77859.543.11$8,634
Aug 201802,80759.403.07$8,608
Jul 20181852,58565.142.93$19,630
Jun 201802,58860.183.08$7,963
May 201802,92765.382.90$8,491
Apr 20181903,02363.842.90$20,899
Mar 201803,17261.222.79$8,840
Feb 201802,81461.782.77$7,784
Jan 201803,39062.874.01$13,592
Dec 20171933,32157.272.92$20,755
Nov 201703,21855.423.12$10,035
Oct 201703,29949.292.98$9,843
Sep 201702,96547.523.09$9,154
Aug 201703,06345.373.00$9,202
Jul 20171793,43843.873.09$18,467
Jun 201703,38542.493.09$10,450
May 201703,57545.373.26$11,667
Apr 201703,46647.933.21$11,131
Mar 20171913,78946.772.98$20,238
Feb 201702,89950.452.95$8,560
Jan 201702,94949.413.42$10,082
Dec 20161972,95548.763.72$20,607
Nov 201603,10842.492.64$8,219
Oct 201603,78246.193.09$11,687
Sep 201602,93741.553.10$9,107
Aug 20161893,55441.442.92$18,225
Jul 201603,73241.622.92$10,914
Jun 201602,89545.352.69$7,775
May 20161873,78542.521.99$15,487
Apr 201602,98236.561.99$5,937
Mar 201604,31033.011.79$7,732
Feb 201603,28326.472.06$6,775
Jan 20161923,18627.352.36$12,784
Dec 201503,64932.362.00$7,303
Nov 201503,03238.792.17$6,571
Oct 201503,93443.552.43$9,546
Sep 20151853,91742.992.76$18,758
Aug 201503,21240.162.87$9,226
Jul 201504,19448.152.95$12,352
Jun 20151913,12756.152.88$19,739
May 201503,64555.212.96$10,773
Apr 201504,28249.822.71$11,590
Mar 20151863,26442.892.93$17,556
Feb 201503,00744.662.98$8,949
Jan 201503,31743.433.10$10,285
Dec 20141853,34554.693.59$22,131
Nov 201403,28470.464.25$13,963
Oct 20141923,58678.303.90$29,022
Sep 201404,04186.164.05$16,348
Aug 201403,55189.394.04$14,329
Jul 20141893,59796.564.18$33,284
Jun 201403,91098.164.74$18,521
May 201403,59294.734.73$16,978
Apr 201403,86595.944.81$18,587
Mar 20141983,96995.895.06$39,057
Feb 201403,59897.406.19$22,279
Jan 201403,67990.404.86$17,883
Dec 20131934,11591.824.35$35,640
Nov 201304,17688.853.74$15,611
Oct 20131894,30997.423.78$34,698
Sep 201304,464104.113.72$16,596
Aug 201304,254104.253.52$14,985
Jul 20131813,999102.523.72$33,423
Jun 201304,11294.403.93$16,174
May 201304,75294.834.15$19,716
Apr 20131874,35493.964.28$36,217
Mar 201304,62393.623.91$18,089
Feb 201303,98091.233.42$13,611
Jan 20131834,70991.603.42$32,867
Dec 201204,53386.773.42$15,504
Nov 201204,65786.953.62$16,881
Oct 20121954,79289.383.40$33,720
Sep 201204,59094.672.92$13,395
Aug 201204,96192.662.91$14,427
Jul 20121814,84085.133.02$30,029
Jun 201204,71579.822.52$11,877
May 201205,23591.612.49$13,026
Apr 20121765,158101.652.00$28,190
Mar 201205,465105.052.22$12,144
Feb 20121875,242101.102.57$32,379
Jan 201205,39698.092.73$14,753
Dec 20111955,31296.873.24$36,099
Nov 201104,63195.723.31$15,335
Oct 201105,23584.983.65$19,100
Sep 20111905,36383.623.99$37,264
Aug 201105,51083.404.15$22,863
Jul 20111864,62794.144.52$38,411
Jun 20111934,18992.904.64$37,366
May 201103,86198.134.40$17,007
Apr 201104,066105.964.33$17,619
Mar 201103,92796.364.06$15,933
Feb 20111924,59385.644.18$35,642
Jan 201103,92086.504.59$17,988
Dec 201004,06985.734.35$17,691
Nov 20101964,21780.843.80$31,850
Oct 201004,31278.103.51$15,130
Sep 201004,32972.633.98$17,227
Aug 20101854,58673.684.42$33,898
Jul 201004,34572.554.74$20,580
Jun 201004,34770.364.91$21,346
May 20101934,73571.124.24$33,780
Apr 201004,64881.694.12$19,162
Mar 201004,81478.394.39$21,127
Feb 20101764,40273.585.44$36,907
Jan 201005,22374.365.96$31,150
Dec 20091764,96471.445.48$39,795
Nov 200904,84874.593.75$18,187
Oct 20091955,25672.544.11$35,749
Sep 200905,43365.543.06$16,651
Aug 20091935,61967.423.22$31,097
Jul 200905,72461.133.46$19,831
Jun 200905,49366.163.90$21,395
May 20091925,92054.743.93$33,751
Apr 200905,70446.773.59$20,463
Mar 20091846,11642.144.06$32,579
Feb 200905,53932.814.63$25,662
Jan 20091985,90835.865.37$38,832
Dec 200806,08237.105.98$36,353
Nov 20081865,83355.496.86$50,338
Oct 200806,62375.246.92$45,844
Sep 20081875,108101.767.88$59,265
Aug 200806,308114.228.48$53,511
Jul 20081286,302131.0811.39$88,554
Jun 20083905,970131.3313.03$129,024
May 200806,448123.1711.57$74,631
Apr 20081666,165110.3110.45$82,766
Mar 20081896,401101.909.66$81,119
Feb 200806,19492.538.77$54,325
Jan 20081776,62890.388.21$70,385
Dec 20071966,73788.337.30$66,506
Nov 200706,72391.677.29$49,022
Oct 20071916,84482.856.92$63,198
Sep 200706,90975.846.24$43,141
Aug 20071717,15469.066.39$57,509
Jul 20071926,99770.906.39$58,309
Jun 200707,02362.007.55$53,013
May 20071867,30158.747.85$68,211
Apr 20071957,21359.617.81$67,923
Mar 200707,44956.927.30$54,392
Feb 20072036,82255.108.22$67,235
Jan 20071967,71250.306.73$61,736
Dec 200607,84356.656.92$54,261
Nov 20062007,69454.207.62$69,449
Oct 20061988,11454.906.01$59,666
Sep 200617,96260.085.04$40,166
Aug 20061998,29868.717.34$74,580
Jul 20061938,37369.376.34$66,496
Jun 200608,21666.286.38$52,450
May 20061948,60166.016.42$68,067
Apr 20061908,50564.397.36$74,835
Mar 20062008,92456.707.08$74,548
Feb 200608,12757.597.75$62,993
Jan 20061889,19260.598.93$93,506
Dec 20051959,31354.9413.42$135,651
Nov 20051589,23454.6910.59$106,414
Oct 200520210,02558.3413.80$150,087
Sep 20051818,74261.4512.08$116,717
Aug 20051809,77161.519.80$106,797
Jul 20051989,67455.697.84$86,906
Jun 200518010,19552.337.38$84,669
May 200519710,17045.226.65$76,551
Apr 20052018,15449.207.36$69,907
Mar 20052018,82650.377.15$73,273
Feb 20052086,82145.226.31$52,459
Jan 20052028,70943.166.32$63,778
Dec 200401,70939.866.75$11,538
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20041546,50242.375.55$42,615
Jul 20041686,23338.286.08$44,354
Jun 200406,25036.106.43$40,206
May 20041606,06837.486.49$45,406
Apr 200404,59634.475.86$26,925
Mar 20041805,12834.365.53$34,543
Feb 20041616,28532.455.51$39,852
Jan 200406,80232.036.30$42,850
Dec 20031796,83430.266.30$48,482
Nov 20031796,50128.804.60$35,028
Oct 200306,83328.174.76$32,523
Sep 20031836,91826.314.75$37,671
Aug 200307,22329.765.13$37,052
Jul 20031817,42229.415.17$43,701
Jun 200306,80128.565.98$40,690
May 20031767,24226.595.97$47,934
Apr 20031876,88426.675.41$42,211
Mar 200307,15331.146.10$43,605
Feb 20031886,65233.487.93$59,017
Jan 20031847,65230.315.58$48,291
Dec 20021817,85026.914.85$42,973
Nov 20021842,17324.664.14$13,527
Oct 200208,28426.464.23$35,034
Sep 20021797,99127.443.64$33,961
Aug 20021798,60525.963.16$31,874
Jul 20021778,30924.583.06$29,791
Jun 200208,73723.733.34$29,166
May 20021868,95024.663.58$36,664
Apr 20021888,94823.653.51$35,874
Mar 200209,69122.003.10$30,068
Feb 20023758,62118.222.38$27,313
Jan 200208,73217.172.38$20,744
Dec 20013629,43416.932.36$28,434
Nov 200109,62218.072.41$23,146
Oct 200117510,17119.782.53$29,183
Sep 20013599,82024.262.25$30,817
Aug 200109,77024.873.05$29,829
Jul 200118511,16223.933.20$40,113
Jun 200118510,75824.563.82$45,684
May 200118011,56025.524.31$54,386
Apr 200117911,28724.685.34$64,637
Mar 200118511,84124.545.38$68,202
Feb 200118911,01027.755.77$68,740
Jan 200118512,43427.478.40$109,512
Dec 200018212,84926.889.12$122,107
Nov 200018412,87932.215.66$78,796
Oct 200018013,91231.235.15$77,206
Sep 200018514,35331.875.19$80,338
Aug 200036514,80129.644.54$78,026
Jul 200019015,41328.534.09$68,456
Jun 200017915,27429.304.40$72,408
May 200036016,41027.263.68$70,198
Apr 200018116,75624.513.12$56,648
Mar 200037420,35428.422.86$68,836
Feb 200002,49327.622.73$6,797
Jan 20001798,89825.272.48$26,595
Dec 199918810,68224.282.42$30,455
Nov 199917710,57723.192.43$29,849
Oct 199916911,03520.982.80$34,485
Sep 199918312,12821.752.62$35,742
Aug 1999010,80519.262.88$31,071
Jul 199918911,77817.892.37$31,323
Jun 199916912,26115.942.36$31,656
May 199917011,88415.792.32$30,267
Apr 199918911,69715.102.21$28,681
Mar 199917811,61012.471.84$23,563
Feb 199936611,2419.981.82$24,086
Jan 1999013,09210.381.90$24,874
Dec 199837313,1259.201.77$26,706
Nov 199817713,15210.892.19$30,674
Oct 199818314,28912.421.97$30,411
Sep 199817514,14812.592.08$31,668
Aug 199818115,07411.301.91$30,797
Jul 199817315,59211.742.24$36,915
Jun 199817815,20711.242.24$36,023
May 199837116,01312.622.21$40,012
Apr 199818816,03113.042.51$42,614
Mar 199837317,22412.802.31$44,552
Feb 199818115,66113.952.30$38,532
Jan 199836818,33114.702.15$44,909
Dec 199736037,67616.322.41$96,716
Nov 199718118,96718.193.09$61,867
Oct 199737920,53319.253.15$71,971
Sep 199718021,28317.742.95$66,082
Aug 199717322,31517.862.55$60,099
Jul 199735523,17117.582.25$58,305
Jun 199736347,83017.242.26$114,220
May 199736451,83418.972.31$126,564
Apr 199754329,94317.882.08$72,074
Mar 199753063,27418.951.94$132,741
Feb 199775662,18220.492.21$152,658
Jan 199756773,73223.483.54$274,302
Dec 199651981,40823.32$12,103
Nov 199673188,07821.97$16,060
Oct 199672251,34623.31$16,830
Sep 1996887116,64222.22$19,709
Aug 19961,45255,63220.26$29,418
Jul 199636528,49019.55$7,136
Jun 19960018.73$0
May 1996181219.43$3,517
Apr 1996179221.51$3,850
Mar 1996356219.38$6,899
Feb 19960416.98$0
Jan 19960217.07$0
Dec 19951897,78217.19$3,249
Nov 19951827,39916.00$2,912
Oct 19951838,31115.43$2,824
Sep 19951808,26816.18$2,912
Aug 199508,40015.92$0
Jul 19951795,34715.24$2,728
Jun 199519017,11116.41$3,118
May 199536228,33317.56$6,357
Apr 199538330,04317.73$6,791
Mar 199557640,50916.44$9,469
Feb 199556343,48716.58$9,335
Jan 199597675,27015.92$15,538
Dec 199455341,36215.03$8,312

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           182 bbl  × $106.41 =    $19,367
Gas                2,888 Mcf  × $  3.05 =     $8,796

────────────────────────────────────────────────────
Month total                                  $28,163

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/153872 is the state's own key, not one this site invented.