RODES

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 153968District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.1 M
Jan 1995 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
377
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 Gas111995-05-23131955
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
CondensateDisposition55 bbl$1,325
GasProduction1,435,053 Mcf$2,057,755
Total$2,059,079

882,683 Mcf of this lease's gas, across 22 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 30.4447, -96.0707. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.44474, -96.07065 · 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
15,434 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 15,434 ft.

Completions filed
Mar 1995
1 of 1 wells

1 well

42-185304791H15,434 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 (377)

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

377 months

May 20260416106.413.05$1,267
Apr 2026041398.932.87$1,185
Mar 2026044489.753.15$1,398
Feb 2026039963.503.75$1,496
Jan 2026044659.138.00$3,567
Dec 2025044656.664.41$1,968
Nov 2025043358.593.93$1,700
Oct 2025046359.383.30$1,530
Sep 2025044962.743.08$1,382
Aug 2025046363.933.01$1,396
Jul 2025046866.743.32$1,552
Jun 2025041866.483.13$1,308
May 2025049460.553.23$1,597
Apr 2025049762.363.54$1,761
Mar 2025051867.704.27$2,211
Feb 2025044770.884.34$1,940
Jan 20250074.324.28$0
Dec 2024029368.993.12$915
Nov 2024051469.052.20$1,130
Oct 2024055271.372.28$1,259
Sep 2024052969.612.36$1,251
Aug 2024455075.632.06$1,438
Jul 2024041879.932.15$897
Jun 2024056378.082.63$1,483
May 2024044278.812.20$972
Apr 2024014184.451.66$234
Mar 2024055880.301.55$862
Feb 2024048476.091.78$863
Jan 2024032273.023.30$1,062
Dec 2023044971.262.61$1,172
Nov 2023047177.892.81$1,322
Oct 2023138785.443.09$1,280
Sep 2023041989.042.74$1,146
Aug 2023045180.522.67$1,205
Jul 2023043674.852.64$1,152
Jun 2023041568.962.26$937
May 2023044970.622.23$1,000
Apr 2023050178.122.24$1,121
Mar 2023043572.852.39$1,041
Feb 2023045275.112.47$1,114
Jan 2023055476.533.39$1,877
Dec 2022055876.415.73$3,197
Nov 2022056385.005.65$3,179
Oct 2022059287.185.86$3,471
Sep 2022057584.888.16$4,694
Aug 2022086894.529.13$7,922
Jul 20220988101.587.54$7,452
Jun 20220608115.097.98$4,850
May 20220642109.378.43$5,414
Apr 20220648104.226.84$4,431
Mar 20220668108.885.08$3,391
Feb 2022063491.054.86$3,081
Jan 2022079881.844.54$3,621
Dec 2021071971.323.90$2,803
Nov 2021082177.435.24$4,299
Oct 2021071179.795.71$4,063
Sep 2021070669.865.35$3,778
Aug 2021031166.024.22$1,313
Jul 2021061770.783.98$2,457
Jun 2021064569.493.38$2,181
May 2021074863.483.02$2,257
Apr 2021059760.362.76$1,647
Mar 2021084961.302.72$2,307
Feb 2021058157.805.55$3,223
Jan 202101,00950.412.81$2,836
Dec 2020082844.642.68$2,215
Nov 2020064238.772.71$1,738
Oct 2020053436.972.48$1,323
Sep 2020059837.091.99$1,191
Aug 2020065439.982.39$1,560
Jul 2020057838.371.83$1,055
Jun 2020069334.901.69$1,171
May 2020074816.921.81$1,357
Apr 2020075114.751.80$1,355
Mar 2020077130.341.86$1,431
Feb 2020072849.881.98$1,442
Jan 2020082657.252.09$1,730
Dec 2019091159.012.30$2,099
Nov 2019078255.302.75$2,151
Oct 201901,09553.472.42$2,648
Sep 201901,14255.052.66$3,035
Aug 201901,14653.112.30$2,641
Jul 2019055456.272.46$1,363
Jun 2019078252.782.49$1,948
May 2019012758.482.74$348
Apr 2019080262.632.75$2,206
Mar 2019060256.803.06$1,843
Feb 2019051350.852.79$1,432
Jan 2019057746.033.23$1,863
Dec 2018055946.594.19$2,340
Nov 2018050952.934.24$2,157
Oct 2018053261.443.40$1,808
Sep 2018051159.543.11$1,588
Aug 2018049759.403.07$1,524
Jul 2018026165.142.93$765
Jun 20180560.183.08$15
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180561.222.79$14
Feb 201802261.782.77$61
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 201704049.292.98$119
Sep 201705247.523.09$161
Aug 20170045.373.00$0
Jul 201707343.873.09$225
Jun 201702542.493.09$77
May 201701645.373.26$52
Apr 20170447.933.21$13
Mar 201705746.772.98$170
Feb 2017017750.452.95$523
Jan 2017020249.413.42$691
Dec 2016019948.763.72$741
Nov 2016019742.492.64$521
Oct 2016021146.193.09$652
Sep 2016020741.553.10$642
Aug 2016021241.442.92$620
Jul 2016020741.622.92$605
Jun 2016020745.352.69$556
May 2016022742.521.99$452
Apr 2016021936.561.99$436
Mar 2016022833.011.79$409
Feb 2016022226.472.06$458
Jan 2016024627.352.36$582
Dec 2015024132.362.00$482
Nov 2015015138.792.17$327
Oct 2015025143.552.43$609
Sep 2015024342.992.76$670
Aug 2015025040.162.87$718
Jul 2015025248.152.95$742
Jun 2015025556.152.88$735
May 2015026055.212.96$768
Apr 2015024749.822.71$669
Mar 2015025642.892.93$751
Feb 2015026644.662.98$792
Jan 2015029143.433.10$902
Dec 2014029954.693.59$1,074
Nov 2014029870.464.25$1,267
Oct 2014031878.303.90$1,241
Sep 2014030686.164.05$1,238
Aug 2014032589.394.04$1,311
Jul 2014033496.564.18$1,396
Jun 2014044098.164.74$2,084
May 2014048394.734.73$2,283
Apr 2014050195.944.81$2,409
Mar 2014052495.895.06$2,650
Feb 2014047297.406.19$2,923
Jan 2014053590.404.86$2,600
Dec 2013053591.824.35$2,330
Nov 2013053788.853.74$2,007
Oct 2013053997.423.78$2,037
Sep 20130526104.113.72$1,956
Aug 20130541104.253.52$1,906
Jul 20130562102.523.72$2,089
Jun 2013053094.403.93$2,085
May 2013022294.834.15$921
Apr 2013034993.964.28$1,495
Mar 2013048993.623.91$1,913
Feb 2013057591.233.42$1,966
Jan 2013063791.603.42$2,178
Dec 2012063686.773.42$2,175
Nov 2012062686.953.62$2,269
Oct 2012065289.383.40$2,217
Sep 2012064194.672.92$1,871
Aug 2012067692.662.91$1,966
Jul 2012067885.133.02$2,048
Jun 2012066079.822.52$1,663
May 2012068491.612.49$1,702
Apr 20120661101.652.00$1,320
Mar 20120696105.052.22$1,547
Feb 20120603101.102.57$1,550
Jan 2012071498.092.73$1,952
Dec 2011072696.873.24$2,352
Nov 2011071395.723.31$2,361
Oct 2011070484.983.65$2,569
Sep 2011069283.623.99$2,758
Aug 2011071483.404.15$2,963
Jul 2011071994.144.52$3,248
Jun 2011069792.904.64$3,234
May 2011073698.134.40$3,242
Apr 20110723105.964.33$3,133
Mar 2011076296.364.06$3,092
Feb 2011069585.644.18$2,905
Jan 2011077786.504.59$3,565
Dec 2010078585.734.35$3,413
Nov 2010076180.843.80$2,888
Oct 2010080978.103.51$2,839
Sep 2010078972.633.98$3,140
Aug 2010081073.684.42$3,580
Jul 2010083572.554.74$3,955
Jun 2010081470.364.91$3,997
May 2010086071.124.24$3,642
Apr 2010060881.694.12$2,507
Mar 2010093278.394.39$4,090
Feb 2010086973.585.44$4,729
Jan 201001,07374.365.96$6,399
Dec 200901,03671.445.48$5,681
Nov 2009094974.593.75$3,560
Oct 200901,02172.544.11$4,197
Sep 200901,00665.543.06$3,083
Aug 2009097867.423.22$3,148
Jul 2009045161.133.46$1,562
Jun 2009090166.163.90$3,509
May 200901,04554.743.93$4,102
Apr 200901,01346.773.59$3,634
Mar 200901,17642.144.06$4,773
Feb 200901,09332.814.63$5,064
Jan 2009063835.865.37$3,427
Dec 2008049137.105.98$2,935
Nov 2008091455.496.86$6,270
Oct 2008094275.246.92$6,521
Sep 200801,068101.767.88$8,413
Aug 20080952114.228.48$8,076
Jul 200801,132131.0811.39$12,893
Jun 200801,157131.3313.03$15,079
May 200801,129123.1711.57$13,067
Apr 20080915110.3110.45$9,566
Mar 20080680101.909.66$6,572
Feb 2008054292.538.77$4,754
Jan 2008058290.388.21$4,776
Dec 2007072588.337.30$5,294
Nov 2007076091.677.29$5,542
Oct 2007077382.856.92$5,351
Sep 2007080675.846.24$5,033
Aug 2007078469.066.39$5,008
Jul 2007074970.906.39$4,785
Jun 2007065562.007.55$4,944
May 2007035258.747.85$2,762
Apr 2007039759.617.81$3,099
Mar 2007065556.927.30$4,783
Feb 2007057155.108.22$4,691
Jan 2007063050.306.73$4,238
Dec 2006054956.656.92$3,798
Nov 2006062254.207.62$4,738
Oct 2006061454.906.01$3,692
Sep 2006061860.085.04$3,113
Aug 2006054568.717.34$4,000
Jul 2006058569.376.34$3,711
Jun 2006016766.286.38$1,066
May 200622966.016.42$318
Apr 20060064.397.36$0
Mar 200601,51756.707.08$10,745
Feb 200621,35357.597.75$10,602
Jan 2006091060.598.93$8,129
Dec 200501,74654.9413.42$23,423
Nov 200501,94854.6910.59$20,626
Oct 200501,61558.3413.80$22,280
Sep 200501,19061.4512.08$14,374
Aug 2005092861.519.80$9,091
Jul 200501,96755.697.84$15,428
Jun 200501,33652.337.38$9,861
May 200501,37245.226.65$9,125
Apr 200502,04349.207.36$15,037
Mar 200502,78650.377.15$19,934
Feb 200501,58045.226.31$9,973
Jan 200501,26543.166.32$7,998
Dec 200401,37439.866.75$9,276
Nov 2004093445.286.33$5,913
Oct 200401,14949.706.52$7,486
Sep 200401,27943.245.28$6,758
Aug 200401,27642.375.55$7,083
Jul 200401,51938.286.08$9,242
Jun 200401,20436.106.43$7,745
May 200401,17537.486.49$7,631
Apr 200401,11634.475.86$6,538
Mar 200401,33634.365.53$7,388
Feb 200401,14032.455.51$6,281
Jan 200401,80132.036.30$11,346
Dec 200301,61430.266.30$10,171
Nov 200301,69128.804.60$7,770
Oct 200301,52728.174.76$7,268
Sep 200301,43426.314.75$6,811
Aug 200301,56429.765.13$8,023
Jul 200301,62129.415.17$8,382
Jun 200301,41628.565.98$8,472
May 2003093426.595.97$5,578
Apr 2003081026.675.41$4,380
Mar 200301,17131.146.10$7,138
Feb 200301,36733.487.93$10,835
Jan 200301,91030.315.58$10,662
Dec 200202,68626.914.85$13,037
Nov 200209,98524.664.14$41,308
Oct 200203,28726.464.23$13,901
Sep 200202,95127.443.64$10,727
Aug 200202,65625.963.16$8,404
Jul 200201,48724.583.06$4,553
Jun 200203,21923.733.34$10,746
May 200201,25124.663.58$4,484
Apr 200202,66123.653.51$9,346
Mar 200203,38622.003.10$10,506
Feb 200201,28418.222.38$3,050
Jan 200202,17217.172.38$5,160
Dec 200102,08516.932.36$4,930
Nov 200102,07818.072.41$4,999
Oct 200102,73419.782.53$6,914
Sep 200102,68824.262.25$6,052
Aug 200102,30324.873.05$7,031
Jul 200102,07823.933.20$6,644
Jun 200102,97324.563.82$11,369
May 200108,80825.524.31$37,939
Apr 200105,06524.685.34$27,023
Mar 200108,57724.545.38$46,114
Feb 200104,26427.755.77$24,591
Jan 200102,15827.478.40$18,125
Dec 200002,72426.889.12$24,850
Nov 200002,60232.215.66$14,722
Oct 200003,11931.235.15$16,049
Sep 200001,58631.875.19$8,226
Aug 200001,99529.644.54$9,059
Jul 200002,04528.534.09$8,364
Jun 200003,88929.304.40$17,101
May 200003,89827.263.68$14,344
Apr 200003,94124.513.12$12,280
Mar 200009,05728.422.86$25,901
Feb 200003,03427.622.73$8,272
Jan 200003,26625.272.48$8,101
Dec 199903,60224.282.42$8,730
Nov 199903,03423.192.43$7,385
Oct 199903,35420.982.80$9,404
Sep 199903,54421.752.62$9,281
Aug 199902,29319.262.88$6,594
Jul 199903,74417.892.37$8,882
Jun 199904,20315.942.36$9,928
May 199903,94315.792.32$9,152
Apr 199906,86115.102.21$15,149
Mar 199905,51012.471.84$10,129
Feb 199902,0429.981.82$3,712
Jan 199904,94810.381.90$9,401
Dec 199804,9489.201.77$8,774
Nov 199806,08010.892.19$13,289
Oct 1998204,43612.421.97$8,984
Sep 199804,62412.592.08$9,630
Aug 199805,85811.301.91$11,173
Jul 199806,27611.742.24$14,041
Jun 199805,87311.242.24$13,139
May 199809,19812.622.21$20,294
Apr 199806,93213.042.51$17,367
Mar 199808,16112.802.31$18,847
Feb 199806,59013.952.30$15,151
Jan 199808,58614.702.15$18,501
Dec 1997010,26916.322.41$24,760
Nov 199707,09518.193.09$21,911
Oct 199705,70219.253.15$17,960
Sep 199706,79217.742.95$20,070
Aug 1997010,58217.862.55$27,034
Jul 199707,71117.582.25$17,326
Jun 1997015,15017.242.26$34,197
May 199702,39018.972.31$5,517
Apr 1997110,38417.882.08$21,645
Mar 1997111,20118.951.94$21,739
Feb 1997010,82320.492.21$23,874
Jan 1997117,98623.483.54$63,689
Dec 1996010,34623.32$0
Nov 1996011,63821.97$0
Oct 1996011,60723.31$0
Sep 1996015,29422.22$0
Aug 1996011,10820.26$0
Jul 1996011,25719.55$0
Jun 1996011,86818.73$0
May 1996011,83119.43$0
Apr 1996015,84921.51$0
Mar 1996019,46219.38$0
Feb 1996020,81016.98$0
Jan 1996025,06317.07$0
Dec 1995030,83217.19$0
Nov 1995125,35616.00$16
Oct 1995136,44415.43$15
Sep 1995136,40916.18$16
Aug 1995244,11215.92$32
Jul 1995035,50215.24$0
Jun 1995266,78016.41$33
May 19954120,50917.56$70
Apr 19954248,10917.73$71
Mar 1995062,49716.44$0
Feb 19950016.58$0
Jan 19958015.92$127

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                  416 Mcf  × $  3.05 =     $1,267

────────────────────────────────────────────────────
Month total                                   $1,267

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/153968 is the state's own key, not one this site invented.