FIFE 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 153966District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$30.4 M
Mar 1995 – May 2026
Value, last 12 filed months
$77 k
at the published price for each month
Months reported
375
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 Gas111995-06-22132230
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
CondensateDisposition700 bbl$15,952
GasProduction19,471,194 Mcf$30,356,418
Total$30,372,370

10,571,405 Mcf of this lease's gas, across 21 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 30.2806, -96.3401. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.28060, -96.34014 · 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
17,123 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 17,123 ft.

Completions filed
Mar 1995
1 of 1 wells

1 well

42-47730760117,123 ftMar 1995

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 (375)

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

375 months

May 202601,687106.413.05$5,138
Apr 202601,68398.932.87$4,830
Mar 202601,95489.753.15$6,154
Feb 202602,05163.503.75$7,692
Jan 202602,18959.138.00$17,507
Dec 202502,08556.664.41$9,202
Nov 202501,23558.593.93$4,849
Oct 202501,25059.383.30$4,131
Sep 202501,04862.743.08$3,225
Aug 202501,34663.933.01$4,058
Jul 202501,53066.743.32$5,072
Jun 202501,56566.483.13$4,896
May 202502,07660.553.23$6,710
Apr 202502,02462.363.54$7,171
Mar 202502,48967.704.27$10,624
Feb 202502,78870.884.34$12,102
Jan 202501,36074.324.28$5,819
Dec 202401,13068.993.12$3,527
Nov 202402,03069.052.20$4,463
Oct 2024098571.372.28$2,247
Sep 2024091469.612.36$2,161
Aug 202421,32375.632.06$2,881
Jul 202401,74679.932.15$3,748
Jun 202403,56378.082.63$9,385
May 202401,22278.812.20$2,686
Apr 2024059184.451.66$981
Mar 2024065280.301.55$1,007
Feb 202401,90176.091.78$3,391
Jan 202402,01073.023.30$6,628
Dec 202321,80271.262.61$4,847
Nov 202301,74077.892.81$4,885
Oct 202302,49985.443.09$7,715
Sep 202302,26589.042.74$6,195
Aug 202302,81680.522.67$7,527
Jul 202302,09874.852.64$5,543
Jun 202312,70468.962.26$6,176
May 202302,62670.622.23$5,849
Apr 202302,91278.122.24$6,516
Mar 202303,06872.852.39$7,342
Feb 202322,93175.112.47$7,377
Jan 202302,79576.533.39$9,469
Dec 202202,92476.415.73$16,752
Nov 202203,00685.005.65$16,972
Oct 202202,79587.185.86$16,389
Sep 202202,60184.888.16$21,234
Aug 202203,17394.529.13$28,960
Jul 202211,871101.587.54$14,213
Jun 202202,464115.097.98$19,656
May 202203,250109.378.43$27,407
Apr 202203,707104.226.84$25,347
Mar 202223,510108.885.08$18,036
Feb 202202,77391.054.86$13,474
Jan 202223,28181.844.54$15,052
Dec 202104,05671.323.90$15,815
Nov 202104,05677.435.24$21,241
Oct 202102,66479.795.71$15,222
Sep 20210069.865.35$0
Aug 202103,44466.024.22$14,536
Jul 202103,50570.783.98$13,957
Jun 202103,52169.493.38$11,903
May 202103,63263.483.02$10,960
Apr 202103,56660.362.76$9,837
Mar 202103,85761.302.72$10,479
Feb 202104,28357.805.55$23,762
Jan 202104,67950.412.81$13,149
Dec 202004,80644.642.68$12,858
Nov 2020011,06938.772.71$29,959
Oct 202003,42636.972.48$8,491
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202012,79214.751.80$5,053
Mar 202003,96630.341.86$7,362
Feb 202003,95049.881.98$7,824
Jan 202004,46857.252.09$9,359
Dec 201905,68059.012.30$13,089
Nov 201902,92155.302.75$8,035
Oct 201903,84053.472.42$9,287
Sep 201904,26855.052.66$11,341
Aug 201904,74353.112.30$10,930
Jul 201904,55656.272.46$11,208
Jun 201904,54052.782.49$11,310
May 201903,32158.482.74$9,101
Apr 201902,47162.632.75$6,797
Mar 201903,07656.803.06$9,419
Feb 201902,63150.852.79$7,346
Jan 201903,77746.033.23$12,193
Dec 201804,34746.594.19$18,194
Nov 201803,95152.934.24$16,741
Oct 201804,08461.443.40$13,878
Sep 201804,19659.543.11$13,041
Aug 2018114,79359.403.07$15,351
Jul 201804,66365.142.93$13,671
Jun 201805,40560.183.08$16,631
May 201813,75365.382.90$10,952
Apr 201803,96263.842.90$11,493
Mar 201803,69161.222.79$10,286
Feb 201803,87661.782.77$10,721
Jan 201803,92062.874.01$15,717
Dec 201704,32857.272.92$12,644
Nov 201704,44755.423.12$13,867
Oct 201704,49549.292.98$13,412
Sep 201704,28647.523.09$13,232
Aug 201705,34945.373.00$16,071
Jul 201705,41043.873.09$16,702
Jun 201706,25442.493.09$19,308
May 201706,12545.373.26$19,988
Apr 201705,71147.933.21$18,341
Mar 201706,56546.772.98$19,588
Feb 201705,92550.452.95$17,494
Jan 201705,98849.413.42$20,472
Dec 201604,96848.763.72$18,495
Nov 201605,97742.492.64$15,805
Oct 201605,64546.193.09$17,445
Sep 201605,66541.553.10$17,565
Aug 201605,54441.442.92$16,213
Jul 201604,85441.622.92$14,195
Jun 201604,58045.352.69$12,301
May 201604,87642.521.99$9,708
Apr 201604,45236.561.99$8,864
Mar 201605,66933.011.79$10,170
Feb 201604,34626.472.06$8,969
Jan 201605,77927.352.36$13,664
Dec 201505,33732.362.00$10,682
Nov 201504,68638.792.17$10,156
Oct 201505,48943.552.43$13,320
Sep 201505,73242.992.76$15,811
Aug 201506,28140.162.87$18,042
Jul 201506,72348.152.95$19,800
Jun 201505,53856.152.88$15,965
May 201506,29355.212.96$18,599
Apr 201506,60549.822.71$17,877
Mar 201507,26742.892.93$21,327
Feb 201507,24444.662.98$21,560
Jan 201506,57843.433.10$20,396
Dec 201405,82954.693.59$20,934
Nov 201406,28970.464.25$26,740
Oct 201406,31478.303.90$24,631
Sep 201405,87286.164.05$23,755
Aug 201406,08189.394.04$24,538
Jul 201406,46396.564.18$27,013
Jun 201406,39398.164.74$30,283
May 201406,18194.734.73$29,215
Apr 201406,14595.944.81$29,552
Mar 201406,25895.895.06$31,645
Feb 201406,13097.406.19$37,957
Jan 201406,45490.404.86$31,371
Dec 201307,14691.824.35$31,117
Nov 201306,91388.853.74$25,843
Oct 201307,94997.423.78$30,042
Sep 201307,946104.113.72$29,541
Aug 201308,012104.253.52$28,223
Jul 201307,789102.523.72$28,957
Jun 201307,47894.403.93$29,414
May 201307,93294.834.15$32,911
Apr 201307,88993.964.28$33,785
Mar 201308,50893.623.91$33,291
Feb 201306,16891.233.42$21,094
Jan 201305,36591.603.42$18,348
Dec 201208,00486.773.42$27,375
Nov 201208,12086.953.62$29,435
Oct 201208,47089.383.40$28,795
Sep 201208,67194.672.92$25,305
Aug 201209,14092.662.91$26,581
Jul 201209,42685.133.02$28,474
Jun 201209,46679.822.52$23,845
May 2012010,34891.612.49$25,749
Apr 2012010,098101.652.00$20,164
Mar 2012010,653105.052.22$23,672
Feb 2012010,206101.102.57$26,232
Jan 2012011,71798.092.73$32,035
Dec 2011013,67096.873.24$44,287
Nov 2011014,94095.723.31$49,471
Oct 2011020,18084.983.65$73,628
Sep 2011030,72583.623.99$122,464
Aug 201101,33883.404.15$5,552
Jul 201101,65594.144.52$7,476
Jun 201101,60092.904.64$7,424
May 201101,80298.134.40$7,937
Apr 201101,583105.964.33$6,860
Mar 201101,52496.364.06$6,183
Feb 201101,46285.644.18$6,111
Jan 201101,84986.504.59$8,485
Dec 201001,96385.734.35$8,535
Nov 201001,90380.843.80$7,223
Oct 201002,11578.103.51$7,421
Sep 201002,00272.633.98$7,967
Aug 201002,01473.684.42$8,901
Jul 201002,01072.554.74$9,520
Jun 201002,04570.364.91$10,042
May 201002,18871.124.24$9,267
Apr 201002,27881.694.12$9,391
Mar 201002,63378.394.39$11,555
Feb 201002,56773.585.44$13,971
Jan 201002,37774.365.96$14,177
Dec 200902,43771.445.48$13,364
Nov 200903,14874.593.75$11,810
Oct 200903,00872.544.11$12,364
Sep 200903,18965.543.06$9,773
Aug 200903,20267.423.22$10,306
Jul 200903,69161.133.46$12,787
Jun 200904,89266.163.90$19,054
May 200904,35054.743.93$17,077
Apr 200907,05146.773.59$25,295
Mar 200908,07342.144.06$32,768
Feb 200907,87732.814.63$36,494
Jan 200905,67635.865.37$30,486
Dec 200805,73637.105.98$34,285
Nov 200805,79655.496.86$39,763
Oct 200806,54375.246.92$45,291
Sep 200806,804101.767.88$53,596
Aug 200807,134114.228.48$60,518
Jul 200807,093131.0811.39$80,785
Jun 200807,342131.3313.03$95,686
May 200808,380123.1711.57$96,993
Apr 200808,432110.3110.45$88,155
Mar 200807,449101.909.66$71,988
Feb 200807,34892.538.77$64,446
Jan 200807,97990.388.21$65,474
Dec 200707,92888.337.30$57,890
Nov 200708,51891.677.29$62,111
Oct 200708,84082.856.92$61,190
Sep 200708,26775.846.24$51,620
Aug 200727,85969.066.39$50,341
Jul 200706,33770.906.39$40,480
Jun 200705,98362.007.55$45,162
May 200707,18458.747.85$56,368
Apr 200707,42559.617.81$57,954
Mar 200708,17656.927.30$59,701
Feb 200708,58455.108.22$70,526
Jan 200709,34750.306.73$62,876
Dec 200609,58556.656.92$66,313
Nov 200609,12954.207.62$69,540
Oct 200609,58354.906.01$57,630
Sep 200609,69460.085.04$48,831
Aug 2006010,69568.717.34$78,500
Jul 2006010,48869.376.34$66,523
Jun 2006111,91566.286.38$76,130
May 2006011,60466.016.42$74,556
Apr 2006010,67864.397.36$78,595
Mar 2006012,35356.707.08$87,495
Feb 2006011,59657.597.75$89,882
Jan 2006013,89160.598.93$124,093
Dec 2005113,18654.9413.42$176,950
Nov 2005011,60254.6910.59$122,847
Oct 2005012,56158.3413.80$173,289
Sep 2005013,77161.4512.08$166,340
Aug 2005013,41961.519.80$131,464
Jul 2005012,59955.697.84$98,822
Jun 2005012,65752.337.38$93,422
May 2005114,46945.226.65$96,281
Apr 2005116,22949.207.36$119,502
Mar 2005621,90350.377.15$157,016
Feb 2005219,20645.226.31$121,317
Jan 2005019,11443.166.32$120,843
Dec 2004021,87739.866.75$147,693
Nov 2004021,87245.286.33$138,459
Oct 2004022,91749.706.52$149,307
Sep 2004022,85043.245.28$120,737
Aug 2004023,50642.375.55$130,474
Jul 2004024,25038.286.08$147,541
Jun 2004024,65036.106.43$158,574
May 2004027,13837.486.49$176,250
Apr 2004027,06134.475.86$158,536
Mar 2004028,31534.365.53$156,586
Feb 2004027,92232.455.51$153,840
Jan 2004029,26832.036.30$184,378
Dec 2003030,18230.266.30$190,196
Nov 2003030,25928.804.60$139,045
Oct 2003031,98028.174.76$152,213
Sep 2003031,92926.314.75$151,642
Aug 2003033,85529.765.13$173,667
Jul 2003035,14729.415.17$181,740
Jun 2003035,80828.565.98$214,238
May 2003038,06526.595.97$227,350
Apr 2003035,51126.675.41$192,018
Mar 2003036,59631.146.10$223,091
Feb 2003033,80933.487.93$267,966
Jan 2003037,72330.315.58$210,571
Dec 20021139,30126.914.85$191,054
Nov 2002537,46824.664.14$155,127
Oct 2002026,04726.464.23$110,156
Sep 2002839,47727.443.64$143,726
Aug 20021437,73325.963.16$119,757
Jul 2002042,17024.583.06$129,114
Jun 2002042,84423.733.34$143,024
May 2002845,78724.663.58$164,298
Apr 2002043,09023.653.51$151,346
Mar 2002645,10222.003.10$140,071
Feb 2002539,61818.222.38$94,211
Jan 2002842,34817.172.38$100,743
Dec 2001950,78716.932.36$120,233
Nov 2001950,04018.072.41$120,535
Oct 2001052,89219.782.53$133,758
Sep 2001052,03024.262.25$117,136
Aug 2001043,75224.873.05$133,582
Jul 2001041,90623.933.20$133,977
Jun 2001040,56024.563.82$155,108
May 2001544,89325.524.31$193,496
Apr 2001743,42524.685.34$231,859
Mar 2001042,39924.545.38$227,956
Feb 20011143,45527.755.77$250,914
Jan 20011650,85327.478.40$427,542
Dec 2000050,46226.889.12$460,340
Nov 20001268,27832.215.66$386,703
Oct 2000861,94131.235.15$318,967
Sep 2000541,53631.875.19$215,586
Aug 2000856,80729.644.54$258,184
Jul 2000053,35928.534.09$218,225
Jun 2000562,44529.304.40$274,733
May 2000061,29727.263.68$225,558
Apr 2000863,01124.513.12$196,538
Mar 2000070,70128.422.86$202,187
Feb 2000671,02227.622.73$193,807
Jan 2000978,67125.272.48$195,371
Dec 19991676,92924.282.42$186,843
Nov 19991175,36623.192.43$183,695
Oct 19991284,38320.982.80$236,837
Sep 1999094,90521.752.62$248,542
Aug 1999056,72119.262.88$163,107
Jul 1999887,79617.892.37$208,428
Jun 1999079,61015.942.36$188,047
May 1999891,84215.792.32$213,293
Apr 1999590,17115.102.21$199,178
Mar 1999089,74612.471.84$164,983
Feb 19991186,9739.981.82$158,208
Jan 19990100,33510.381.90$190,631
Dec 19980105,9569.201.77$187,894
Nov 19980109,04110.892.19$238,333
Oct 19986115,01112.421.97$226,555
Sep 19980106,11712.592.08$221,001
Aug 19980112,43511.301.91$214,453
Jul 199842118,26611.742.24$265,086
Jun 19989119,40211.242.24$267,236
May 19980129,13912.622.21$284,925
Apr 19980125,29413.042.51$313,903
Mar 19980141,21612.802.31$326,130
Feb 19980124,66413.952.30$286,619
Jan 199810132,27914.702.15$285,180
Dec 19970137,45716.322.41$331,423
Nov 19970138,68118.193.09$428,283
Oct 19970146,81619.253.15$462,444
Sep 19970155,88317.742.95$460,616
Aug 19970167,87017.862.55$428,864
Jul 19970164,53817.582.25$369,707
Jun 19970206,12617.242.26$465,268
May 19970221,72918.972.31$511,861
Apr 19976238,77217.882.08$497,417
Mar 19976258,47818.951.94$501,339
Feb 19978298,99020.492.21$659,706
Jan 199783388,35023.483.54$1,376,591
Dec 19967328,10723.32$163
Nov 19960257,70321.97$0
Oct 19965182,44223.31$117
Sep 199625303,00922.22$556
Aug 19960335,79520.26$0
Jul 19968372,77119.55$156
Jun 199611345,57118.73$206
May 19960445,19419.43$0
Apr 19960467,59121.51$0
Mar 19960567,99719.38$0
Feb 19960541,27716.98$0
Jan 1996181608,75317.07$3,090
Dec 19950682,09417.19$0
Nov 19950655,36816.00$0
Oct 19950015.43$0
Sep 19950217,00816.18$0
Aug 19950821,07615.92$0
Jul 19950889,63715.24$0
Jun 19950714,41416.41$0
May 19950818,85817.56$0
Apr 19950871,84717.73$0
Mar 19950144,89316.44$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                1,687 Mcf  × $  3.05 =     $5,138

────────────────────────────────────────────────────
Month total                                   $5,138

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/153966 is the state's own key, not one this site invented.