BERKLEY

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 154078District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.8 M
Mar 1995 – May 2026
Value, last 12 filed months
$37 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 Gas111995-05-31131908
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
CondensateDisposition30,995 bbl$628,912
GasProduction6,633,910 Mcf$8,165,102
Total$8,794,013

4,333,658 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 30.5088, -96.0425. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.50880, -96.04251 · 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
15,859 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 15,859 ft.

Completions filed
Mar 1995
1 of 1 wells

1 well

42-185304881H15,859 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 202601,116106.413.05$3,399
Apr 202601,77098.932.87$5,079
Mar 202613,41589.753.15$10,845
Feb 2026015463.503.75$578
Jan 2026074259.138.00$5,934
Dec 20250056.664.41$0
Nov 2025048558.593.93$1,904
Oct 2025058059.383.30$1,917
Sep 2025055262.743.08$1,698
Aug 2025056663.933.01$1,706
Jul 2025057266.743.32$1,896
Jun 2025056366.483.13$1,761
May 2025058560.553.23$1,891
Apr 2025057862.363.54$2,048
Mar 2025081467.704.27$3,474
Feb 202501,97170.884.34$8,556
Jan 20250074.324.28$0
Dec 2024039368.993.12$1,227
Nov 2024089669.052.20$1,970
Oct 2024092471.372.28$2,108
Sep 2024072869.612.36$1,721
Aug 202401,30775.632.06$2,697
Jul 2024013879.932.15$296
Jun 2024095978.082.63$2,526
May 202401,02378.812.20$2,249
Apr 2024028484.451.66$471
Mar 2024092680.301.55$1,431
Feb 2024088576.091.78$1,579
Jan 2024093473.023.30$3,080
Dec 2023092571.262.61$2,415
Nov 2023093077.892.81$2,611
Oct 2023095185.443.09$2,936
Sep 2023094289.042.74$2,576
Aug 2023096580.522.67$2,579
Jul 2023096074.852.64$2,536
Jun 2023092668.962.26$2,091
May 202301,09370.622.23$2,435
Apr 2023088678.122.24$1,983
Mar 202301,03972.852.39$2,486
Feb 2023091175.112.47$2,246
Jan 2023097376.533.39$3,296
Dec 202201,13476.415.73$6,497
Nov 202201,12585.005.65$6,352
Oct 2022091387.185.86$5,354
Sep 2022094684.888.16$7,723
Aug 202201,16594.529.13$10,633
Jul 20220825101.587.54$6,222
Jun 20220875115.097.98$6,980
May 20220906109.378.43$7,640
Apr 20220877104.226.84$5,997
Mar 20220901108.885.08$4,574
Feb 2022086491.054.86$4,198
Jan 2022092081.844.54$4,175
Dec 2021089471.323.90$3,486
Nov 2021078677.435.24$4,116
Oct 202101,09779.795.71$6,268
Sep 202101,05569.865.35$5,645
Aug 202101,19666.024.22$5,048
Jul 202101,02370.783.98$4,074
Jun 202101,00769.493.38$3,404
May 202101,25463.483.02$3,784
Apr 2021077160.362.76$2,127
Mar 202101,22661.302.72$3,331
Feb 2021081757.805.55$4,533
Jan 202101,03550.412.81$2,909
Dec 202001,07944.642.68$2,887
Nov 202001,01738.772.71$2,753
Oct 202001,11136.972.48$2,754
Sep 202001,02037.091.99$2,031
Aug 202001,14939.982.39$2,740
Jul 202001,08838.371.83$1,986
Jun 202001,08934.901.69$1,841
May 202001,21616.921.81$2,207
Apr 202001,17814.751.80$2,126
Mar 202001,18030.341.86$2,190
Feb 2020053649.881.98$1,062
Jan 202001,18257.252.09$2,476
Dec 201901,20759.012.30$2,781
Nov 201901,27755.302.75$3,513
Oct 201901,31453.472.42$3,178
Sep 201902,11955.052.66$5,631
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20191791,26952.782.49$12,609
May 201901,15458.482.74$3,162
Apr 201951,12162.632.75$3,397
Mar 201951,18056.803.06$3,897
Feb 201901,04750.852.79$2,923
Jan 201901,17246.033.23$3,783
Dec 201801,23446.594.19$5,165
Nov 201811,55052.934.24$6,621
Oct 201811,15061.443.40$3,969
Sep 201801,30559.543.11$4,056
Aug 201801,14859.403.07$3,520
Jul 201801,21665.142.93$3,565
Jun 201801,20760.183.08$3,714
May 201801,34065.382.90$3,887
Apr 201801,48963.842.90$4,319
Mar 201801,71861.222.79$4,788
Feb 201801,22761.782.77$3,394
Jan 201801,45762.874.01$5,842
Dec 201701,35757.272.92$3,965
Nov 201701,20055.423.12$3,742
Oct 201701,68749.292.98$5,033
Sep 2017091647.523.09$2,828
Aug 201701,02345.373.00$3,074
Jul 201701,07343.873.09$3,313
Jun 2017090142.493.09$2,782
May 201701,01145.373.26$3,299
Apr 201701,26947.933.21$4,076
Mar 201701,44346.772.98$4,305
Feb 201701,44050.452.95$4,252
Jan 201701,75049.413.42$5,983
Dec 201601,95948.763.72$7,293
Nov 201601,99342.492.64$5,270
Oct 201601,83346.193.09$5,664
Sep 201602,05741.553.10$6,378
Aug 201601,86041.442.92$5,439
Jul 201601,84341.622.92$5,390
Jun 201602,02745.352.69$5,444
May 201601,85242.521.99$3,687
Apr 201602,08736.561.99$4,155
Mar 201602,28433.011.79$4,098
Feb 201602,12126.472.06$4,377
Jan 201602,29027.352.36$5,414
Dec 201502,59532.362.00$5,194
Nov 201502,09938.792.17$4,549
Oct 201501,71843.552.43$4,169
Sep 201501,07642.992.76$2,968
Aug 201501,56940.162.87$4,507
Jul 201501,22648.152.95$3,611
Jun 2015651,37656.152.88$7,617
May 201501,46455.212.96$4,327
Apr 201501,66349.822.71$4,501
Mar 201501,72642.892.93$5,065
Feb 201501,75944.662.98$5,235
Jan 201501,39543.433.10$4,325
Dec 201401,43454.693.59$5,150
Nov 201401,36670.464.25$5,808
Oct 201401,24378.303.90$4,849
Sep 201401,66586.164.05$6,736
Aug 201401,66789.394.04$6,727
Jul 201401,79796.564.18$7,511
Jun 201401,97198.164.74$9,336
May 20141111,39594.734.73$17,109
Apr 201401,60095.944.81$7,695
Mar 201401,91095.895.06$9,658
Feb 201401,34597.406.19$8,328
Jan 201401,87790.404.86$9,124
Dec 201302,02891.824.35$8,831
Nov 201301,80588.853.74$6,748
Oct 201301,94997.423.78$7,366
Sep 201301,973104.113.72$7,335
Aug 201301,858104.253.52$6,545
Jul 201301,972102.523.72$7,331
Jun 201302,11494.403.93$8,315
May 201303,05594.834.15$12,675
Apr 201301,88093.964.28$8,051
Mar 201302,26893.623.91$8,874
Feb 201302,09091.233.42$7,148
Jan 201302,22091.603.42$7,592
Dec 201202,32886.773.42$7,962
Nov 201201,55886.953.62$5,648
Oct 201202,04189.383.40$6,939
Sep 2012552,21794.672.92$11,677
Aug 201202,54992.662.91$7,413
Jul 201202,86185.133.02$8,643
Jun 201202,76379.822.52$6,960
May 201203,50391.612.49$8,717
Apr 201202,385101.652.00$4,762
Mar 201203,649105.052.22$8,108
Feb 201202,120101.102.57$5,449
Jan 201203,13598.092.73$8,571
Dec 201103,47196.873.24$11,245
Nov 2011773,19395.723.31$17,943
Oct 201103,34884.983.65$12,215
Sep 201103,47983.623.99$13,867
Aug 201103,33483.404.15$13,834
Jul 201103,97494.144.52$17,952
Jun 201103,92392.904.64$18,202
May 201102,68598.134.40$11,827
Apr 201102,178105.964.33$9,438
Mar 201102,17996.364.06$8,841
Feb 201102,83085.644.18$11,829
Jan 201102,57586.504.59$11,816
Dec 201003,44485.734.35$14,974
Nov 20101613,16780.843.80$25,035
Oct 201003,22178.103.51$11,302
Sep 201003,21972.633.98$12,810
Aug 201003,60073.684.42$15,910
Jul 201003,17172.554.74$15,019
Jun 201003,10370.364.91$15,237
May 201003,50171.124.24$14,828
Apr 201002,57781.694.12$10,624
Mar 201002,96078.394.39$12,990
Feb 201002,57373.585.44$14,003
Jan 201002,87774.365.96$17,159
Dec 200902,40171.445.48$13,166
Nov 200903,23674.593.75$12,140
Oct 200902,95972.544.11$12,162
Sep 200902,72665.543.06$8,355
Aug 200902,76067.423.22$8,883
Jul 200902,89161.133.46$10,016
Jun 200902,80866.163.90$10,937
May 200902,68454.743.93$10,537
Apr 200902,80046.773.59$10,045
Mar 200903,08742.144.06$12,530
Feb 200912,84132.814.63$13,195
Jan 200903,08735.865.37$16,580
Dec 2008793,22037.105.98$22,177
Nov 200803,42555.496.86$23,497
Oct 200803,73575.246.92$25,854
Sep 200802,612101.767.88$20,575
Aug 200812,846114.228.48$24,257
Jul 200803,394131.0811.39$38,656
Jun 200803,372131.3313.03$43,946
May 200823,877123.1711.57$45,120
Apr 20081274,024110.3110.45$56,080
Mar 200814,332101.909.66$41,967
Feb 200813,54992.538.77$31,219
Jan 200803,65790.388.21$30,008
Dec 200703,88088.337.30$28,332
Nov 200704,06491.677.29$29,633
Oct 200703,98882.856.92$27,605
Sep 200713,91275.846.24$24,503
Aug 200714,35169.066.39$27,863
Jul 200703,52870.906.39$22,537
Jun 200713,62162.007.55$27,395
May 200703,95958.747.85$31,063
Apr 200703,61159.617.81$28,185
Mar 20071533,79356.927.30$36,405
Feb 200703,55455.108.22$29,200
Jan 200704,42650.306.73$29,773
Dec 200604,56256.656.92$31,562
Nov 200614,77354.207.62$36,412
Oct 200604,46254.906.01$26,834
Sep 200604,21160.085.04$21,212
Aug 200603,47768.717.34$25,521
Jul 200603,88469.376.34$24,635
Jun 200604,09766.286.38$26,155
May 200602,64066.016.42$16,962
Apr 200604,54864.397.36$33,475
Mar 2006964,35356.707.08$36,275
Feb 200624,24357.597.75$33,003
Jan 200604,73760.598.93$42,317
Dec 200514,83254.9413.42$64,878
Nov 200515,42854.6910.59$57,529
Oct 200515,96358.3413.80$82,322
Sep 200505,53161.4512.08$66,809
Aug 20051155,96061.519.80$65,463
Jul 200505,30755.697.84$41,626
Jun 200505,62452.337.38$41,511
May 200525,48145.226.65$36,545
Apr 200515,30749.207.36$39,111
Mar 200515,59350.377.15$40,068
Feb 200505,24245.226.31$33,087
Jan 20051116,42043.166.32$45,379
Dec 200405,90839.866.75$39,885
Nov 200416,37745.286.33$40,414
Oct 200426,29149.706.52$41,086
Sep 200405,76043.245.28$30,435
Aug 200406,98042.375.55$38,744
Jul 200426,89038.286.08$41,997
Jun 20041956,67236.106.43$49,961
May 200407,66837.486.49$49,800
Apr 200407,37034.475.86$43,177
Mar 200408,44434.365.53$46,697
Feb 200407,57332.455.51$41,724
Jan 200408,25432.036.30$51,997
Dec 200307,65130.266.30$48,214
Nov 200308,04128.804.60$36,950
Oct 20031788,19728.174.76$44,029
Sep 200308,20926.314.75$38,988
Aug 200308,64529.765.13$44,346
Jul 200308,59529.415.17$44,443
Jun 200308,52328.565.98$50,993
May 200308,16626.595.97$48,773
Apr 20031858,81326.675.41$52,588
Mar 200309,71931.146.10$59,247
Feb 200309,37833.487.93$74,329
Jan 200309,73330.315.58$54,330
Dec 200209,84426.914.85$47,780
Nov 2002010,58724.664.14$43,798
Oct 200217710,61726.464.23$49,584
Sep 2002010,66527.443.64$38,769
Aug 2002010,64425.963.16$33,679
Jul 200208,05224.583.06$24,653
Jun 200208,88823.733.34$29,670
May 200218211,37724.663.58$45,263
Apr 200209,54523.653.51$33,525
Mar 2002012,13922.003.10$37,664
Feb 200209,81718.222.38$23,322
Jan 200218211,86817.172.38$31,320
Dec 2001010,59716.932.36$25,056
Nov 2001012,37318.072.41$29,764
Oct 200108,69319.782.53$21,984
Sep 200107,17624.262.25$16,155
Aug 200103,12024.873.05$9,526
Jul 200105,63923.933.20$18,028
Jun 200103,39924.563.82$12,998
May 2001804,66125.524.31$22,118
Apr 200104,33524.685.34$23,129
Mar 200104,59924.545.38$24,726
Feb 200105,65927.755.77$32,636
Jan 200105,62327.478.40$47,226
Dec 20001795,65326.889.12$56,381
Nov 200007,44132.215.66$42,101
Oct 200006,09131.235.15$31,341
Sep 200007,18131.875.19$37,244
Aug 200009,74929.644.54$44,268
Jul 200007,22428.534.09$29,544
Jun 200018310,33629.304.40$50,812
May 200009,85227.263.68$36,253
Apr 200006,28024.513.12$19,568
Mar 200008,84228.422.86$25,286
Feb 200009,93227.622.73$27,080
Jan 200016610,80425.272.48$30,994
Dec 1999013,68824.282.42$33,176
Nov 199909,17523.192.43$22,332
Oct 1999013,14220.982.80$36,846
Sep 199917614,37321.752.62$41,469
Aug 1999011,39119.262.88$32,756
Jul 1999013,46217.892.37$31,937
Jun 1999016,69315.942.36$39,431
May 199917918,81615.792.32$46,499
Apr 1999013,83715.102.21$30,553
Mar 199918218,74812.471.84$36,735
Feb 1999020,1389.981.82$36,607
Jan 1999012,30110.381.90$23,371
Dec 199817823,7189.201.77$43,697
Nov 1998017,15610.892.19$37,498
Oct 199817925,19912.421.97$51,845
Sep 1998023,68512.592.08$49,327
Aug 199817627,08811.301.91$53,655
Jul 1998026,47511.742.24$59,232
Jun 1998031,17911.242.24$69,756
May 199817532,22612.622.21$73,310
Apr 199817533,00113.042.51$84,960
Mar 199818036,50912.802.31$86,619
Feb 1998035,39513.952.30$81,378
Jan 199817330,96014.702.15$69,255
Dec 199718345,26716.322.41$112,130
Nov 199717643,86918.193.09$138,680
Oct 199734051,14719.253.15$167,649
Sep 1997055,76117.742.95$164,767
Aug 199726561,89617.862.55$162,861
Jul 199719563,01217.582.25$145,012
Jun 199722755,90717.242.26$130,107
May 199727935,58718.972.31$87,445
Apr 1997313117,90117.882.08$251,158
Mar 199724853,53918.951.94$108,519
Feb 199729978,94920.492.21$180,280
Jan 199715982,38423.483.54$295,348
Dec 199630895,65823.32$7,183
Nov 199625474,01021.97$5,580
Oct 199636677,99923.31$8,531
Sep 199637990,25022.22$8,421
Aug 1996551105,10920.26$11,163
Jul 1996571120,92219.55$11,163
Jun 1996881131,17118.73$16,501
May 1996722155,73719.43$14,028
Apr 19961,074158,91521.51$23,102
Mar 1996875199,46419.38$16,958
Feb 1996915183,90716.98$15,537
Jan 199618685,77517.07$3,175
Dec 1995911214,68217.19$15,660
Nov 1995902228,12116.00$14,432
Oct 19951,241219,84315.43$19,149
Sep 19951,077208,21416.18$17,426
Aug 1995879103,29415.92$13,994
Jul 19952,101460,40115.24$32,019
Jun 19952,648393,10716.41$43,454
May 19953,382483,08917.56$59,388
Apr 19953,242445,87917.73$57,481
Mar 1995098,11116.44$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                1,116 Mcf  × $  3.05 =     $3,399

────────────────────────────────────────────────────
Month total                                   $3,399

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/154078 is the state's own key, not one this site invented.