SCHMIDT, EDGAR UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 154117District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.0 M
Mar 1995 – Oct 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
296
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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
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 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

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 Gas111995-06-22132234
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
CondensateDisposition21,633 bbl$443,566
GasProduction1,068,004 Mcf$1,582,230
Total$2,025,795

639,329 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 30.0859, -96.6881. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.08591, -96.68814 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
15,250 ft
1 wells filed one
Completion to plug
24.6 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 15,250 ft.

Completions filed
Mar 1995
1 of 1 wells
Plug dates filed
Oct 2019
1 of 1 wells

Last completion to plug: a median of 24.6 years across the 1 well that filed both dates, with the middle half between 24.6 years and 24.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-14932940115,250 ftMar 1995Oct 2019Yes

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 (296)

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

296 months

Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20139213294.834.15$9,272
Apr 2013030393.964.28$1,298
Mar 2013029493.623.91$1,150
Feb 2013026691.233.42$910
Jan 2013027691.603.42$944
Dec 2012026186.773.42$893
Nov 2012030286.953.62$1,095
Oct 2012033589.383.40$1,139
Sep 2012032594.672.92$948
Aug 2012031492.662.91$913
Jul 2012034585.133.02$1,042
Jun 2012032779.822.52$824
May 2012036991.612.49$918
Apr 20120346101.652.00$691
Mar 20120318105.052.22$707
Feb 20120291101.102.57$748
Jan 2012030298.092.73$826
Dec 2011029996.873.24$969
Nov 2011032195.723.31$1,063
Oct 2011034784.983.65$1,266
Sep 2011037183.623.99$1,479
Aug 2011034183.404.15$1,415
Jul 2011038194.144.52$1,721
Jun 2011034992.904.64$1,619
May 2011036998.134.40$1,625
Apr 20110347105.964.33$1,504
Mar 2011034296.364.06$1,388
Feb 2011024985.644.18$1,041
Jan 2011028786.504.59$1,317
Dec 2010034285.734.35$1,487
Nov 2010037880.843.80$1,435
Oct 2010037378.103.51$1,309
Sep 2010034472.633.98$1,369
Aug 2010048173.684.42$2,126
Jul 2010050172.554.74$2,373
Jun 2010042770.364.91$2,097
May 2010047771.124.24$2,020
Apr 2010047781.694.12$1,967
Mar 2010050178.394.39$2,199
Feb 2010037973.585.44$2,063
Jan 2010037074.365.96$2,207
Dec 2009035571.445.48$1,947
Nov 2009036974.593.75$1,384
Oct 2009038872.544.11$1,595
Sep 2009039765.543.06$1,217
Aug 2009038467.423.22$1,236
Jul 2009047261.133.46$1,635
Jun 2009032666.163.90$1,270
May 200901,74854.743.93$6,862
Apr 200901,75446.773.59$6,292
Mar 2009093842.144.06$3,807
Feb 2009076132.814.63$3,526
Jan 2009098435.865.37$5,285
Dec 200801,12237.105.98$6,706
Nov 200801,04355.496.86$7,155
Oct 200801,69075.246.92$11,698
Sep 20080398101.767.88$3,135
Aug 20080565114.228.48$4,793
Jul 20080912131.0811.39$10,387
Jun 200801,772131.3313.03$23,094
May 20080847123.1711.57$9,803
Apr 2008196798110.3110.45$29,964
Mar 20080903101.909.66$8,727
Feb 2008085292.538.77$7,473
Jan 200801,00790.388.21$8,263
Dec 2007091788.337.30$6,696
Nov 2007085991.677.29$6,264
Oct 2007093482.856.92$6,465
Sep 200701,06375.846.24$6,638
Aug 200701,01169.066.39$6,458
Jul 200721,09170.906.39$7,111
Jun 200721,31662.007.55$10,058
May 200741,50958.747.85$12,075
Apr 20071981,59759.617.81$24,268
Mar 200711,63556.927.30$11,996
Feb 200702,30855.108.22$18,963
Jan 200701,06250.306.73$7,144
Dec 200601,83756.656.92$12,709
Nov 20061953,10154.207.62$34,191
Oct 200693,17254.906.01$19,570
Sep 2006121,33360.085.04$7,436
Aug 2006692068.717.34$7,165
Jul 2006067669.376.34$4,288
Jun 2006059666.286.38$3,805
May 2006058366.016.42$3,746
Apr 2006064264.397.36$4,725
Mar 2006073156.707.08$5,178
Feb 2006066057.597.75$5,116
Jan 2006163360.598.93$5,715
Dec 2005061654.9413.42$8,264
Nov 2005068054.6910.59$7,200
Oct 2005074858.3413.80$10,319
Sep 2005268061.4512.08$8,337
Aug 200522,57261.519.80$25,320
Jul 2005284855.697.84$6,763
Jun 20055444152.337.38$6,081
May 2005250145.226.65$3,423
Apr 2005025749.207.36$1,892
Mar 200531,22050.377.15$8,880
Feb 20051771,16045.226.31$15,326
Jan 2005070543.166.32$4,457
Dec 2004072139.866.75$4,868
Nov 2004284445.286.33$5,433
Oct 200422,74649.706.52$17,990
Sep 2004057943.245.28$3,059
Aug 2004080742.375.55$4,479
Jul 2004090138.286.08$5,482
Jun 2004077636.106.43$4,992
May 200411,26137.486.49$8,227
Apr 20041612,32034.475.86$19,141
Mar 2004090534.365.53$5,005
Feb 2004090632.455.51$4,992
Jan 20041881,07932.036.30$12,819
Dec 200374,31130.266.30$27,378
Nov 2003087528.804.60$4,021
Oct 2003083228.174.76$3,960
Sep 2003092226.314.75$4,379
Aug 200303229.765.13$164
Jul 200301,20429.415.17$6,226
Jun 20031791,50628.565.98$14,123
May 200362,42526.595.97$14,643
Apr 2003086626.675.41$4,683
Mar 200322,39231.146.10$14,644
Feb 2003067733.487.93$5,366
Jan 2003082830.315.58$4,622
Dec 200201,01926.914.85$4,946
Nov 200201,03724.664.14$4,290
Oct 200201,98526.464.23$8,395
Sep 20021871,86727.443.64$11,918
Aug 2002081525.963.16$2,579
Jul 2002087324.583.06$2,673
Jun 2002082023.733.34$2,737
May 200201,40724.663.58$5,043
Apr 200202,15523.653.51$7,569
Mar 2002061722.003.10$1,914
Feb 2002018518.222.38$440
Jan 20021785,05417.172.38$15,063
Dec 2001033416.932.36$790
Nov 200108318.072.41$200
Oct 2001031919.782.53$807
Sep 200117875724.262.25$6,023
Aug 2001072824.873.05$2,223
Jul 200101,08423.933.20$3,466
Jun 200101,22024.563.82$4,665
May 200101,27525.524.31$5,492
Apr 20011812,84124.685.34$19,625
Mar 200104,70524.545.38$25,296
Feb 20011817,03527.755.77$45,594
Jan 200101,08127.478.40$9,079
Dec 200001,83226.889.12$16,712
Nov 200001,92732.215.66$10,903
Oct 200002,16931.235.15$11,161
Sep 20001782,23031.875.19$17,239
Aug 200002,41929.644.54$10,984
Jul 200005,33228.534.09$21,807
Jun 20001765,79529.304.40$30,639
May 200004,82827.263.68$17,766
Apr 200004,83224.513.12$15,057
Mar 20001833,77428.422.86$15,994
Feb 200003,67227.622.73$10,012
Jan 20001823,56025.272.48$13,430
Dec 199904,11224.282.42$9,966
Nov 19991944,08323.192.43$14,437
Oct 199904,60620.982.80$12,914
Sep 19991784,64821.752.62$16,044
Aug 199904,57819.262.88$13,165
Jul 19991785,40217.892.37$16,000
Jun 199906,29815.942.36$14,877
May 19991835,97915.792.32$16,767
Apr 199903,85315.102.21$8,508
Mar 19991884,17912.471.84$10,027
Feb 199905,4709.981.82$9,943
Jan 19991887,33710.381.90$15,891
Dec 19981817,6349.201.77$15,203
Nov 19981857,56210.892.19$18,543
Oct 19981868,73612.421.97$19,513
Sep 1998010,24112.592.08$21,328
Aug 199836913,31711.301.91$29,570
Jul 199835812,08411.742.24$31,238
Jun 199818014,13411.242.24$33,645
May 19983424,51512.622.21$54,518
Apr 1998183,62113.042.51$9,307
Mar 19981874,54712.802.31$12,895
Feb 199802,03313.952.30$4,674
Jan 199802,49514.702.15$5,376
Dec 199702,64516.322.41$6,377
Nov 19971862,85318.193.09$12,194
Oct 199703,52719.253.15$11,109
Sep 19971785,20717.742.95$18,544
Aug 199704,78317.862.55$12,219
Jul 19971856,89817.582.25$18,752
Jun 1997496,54417.242.26$15,616
May 19973525,87718.972.31$20,244
Apr 199707,30917.882.08$15,223
Mar 199708,09218.951.94$15,692
Feb 19971866,83120.492.21$18,880
Jan 19973738,70623.483.54$39,575
Dec 199609,02723.32$0
Nov 1996010,53521.97$0
Oct 199635911,56023.31$8,368
Sep 199618313,07922.22$4,066
Aug 19961789,95320.26$3,606
Jul 199636611,69119.55$7,155
Jun 199635513,27218.73$6,649
May 199618212,21419.43$3,536
Apr 199654615,06421.51$11,744
Mar 199636217,75719.38$7,016
Feb 199655416,49116.98$9,407
Jan 199618720,81917.07$3,192
Dec 199555624,46017.19$9,558
Nov 199573726,44616.00$11,792
Oct 199555632,29015.43$8,579
Sep 199556340,66516.18$9,109
Aug 199592129,28515.92$14,662
Jul 199589936,39215.24$13,701
Jun 199589643,82916.41$14,703
May 19951,62779,64017.56$28,570
Apr 19954,158135,06817.73$73,721
Mar 1995029,79216.44$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 2013 — as filed, then multipliedworked
Condensate            92 bbl  × $ 94.83 =     $8,724
Gas                  132 Mcf  × $  4.15 =       $548

────────────────────────────────────────────────────
Month total                                   $9,272

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/154117 is the state's own key, not one this site invented.