JEFF

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 154123District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.9 M
Apr 1995 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
374
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 Gas111995-06-08132090
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
CondensateDisposition87,923 bbl$1,810,290
GasProduction3,996,951 Mcf$7,138,313
Total$8,948,603

2,153,699 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 30.5392, -96.0767. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.53920, -96.07671 · 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
14,634 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 14,634 ft.

Completions filed
Apr 1995
1 of 1 wells

1 well

42-185304851H14,634 ftApr 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 (374)

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

374 months

May 20260307106.413.05$935
Apr 202603598.932.87$100
Mar 20260689.753.15$19
Feb 20260663.503.75$23
Jan 20260759.138.00$56
Dec 20250056.664.41$0
Nov 202502258.593.93$86
Oct 20250959.383.30$30
Sep 20251403562.743.08$8,891
Aug 20250063.933.01$0
Jul 2025312866.743.32$625
Jun 2025299166.483.13$3,234
May 2025066360.553.23$2,143
Apr 202505162.363.54$181
Mar 202522,03467.704.27$8,817
Feb 2025040570.884.34$1,758
Jan 2025045374.324.28$1,938
Dec 2024047168.993.12$1,470
Nov 2024045069.052.20$989
Oct 2024047371.372.28$1,079
Sep 202401,57169.612.36$3,714
Aug 202401,21375.632.06$2,503
Jul 2024049379.932.15$1,058
Jun 202401,16378.082.63$3,063
May 202411,11378.812.20$2,526
Apr 202401,52384.451.66$2,527
Mar 202401,06880.301.55$1,650
Feb 202402476.091.78$43
Jan 202401,07473.023.30$3,542
Dec 202318048871.262.61$14,101
Nov 2023086777.892.81$2,434
Oct 202301,00585.443.09$3,103
Sep 2023083189.042.74$2,273
Aug 202301,14180.522.67$3,050
Jul 202302074.852.64$53
Jun 202301,25068.962.26$2,823
May 202301170.622.23$25
Apr 202301,12178.122.24$2,509
Mar 202311,36172.852.39$3,330
Feb 2023058475.112.47$1,440
Jan 2023031576.533.39$1,067
Dec 202211,68476.415.73$9,724
Nov 20220085.005.65$0
Oct 202211,45887.185.86$8,637
Sep 2022180884.888.16$15,344
Aug 202201194.529.13$100
Jul 202211,694101.587.54$12,878
Jun 20220689115.097.98$5,496
May 20220729109.378.43$6,148
Apr 20220997104.226.84$6,817
Mar 20220439108.885.08$2,229
Feb 20220091.054.86$0
Jan 202211,82881.844.54$8,377
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202102579.795.71$143
Sep 20210069.865.35$0
Aug 202101,68666.024.22$7,116
Jul 2021037670.783.98$1,497
Jun 2021020569.493.38$693
May 2021099963.483.02$3,015
Apr 20211961,01560.362.76$14,630
Mar 202101,25361.302.72$3,404
Feb 2021035557.805.55$1,970
Jan 202101,68450.412.81$4,732
Dec 2020023144.642.68$618
Nov 2020065738.772.71$1,778
Oct 202001,25736.972.48$3,115
Sep 202001,12137.091.99$2,232
Aug 20201862,15239.982.39$12,569
Jul 202001,22538.371.83$2,236
Jun 2020066134.901.69$1,117
May 20201922,03916.921.81$6,949
Apr 202001,70514.751.80$3,076
Mar 2020095830.341.86$1,778
Feb 202001,98749.881.98$3,936
Jan 202002,17957.252.09$4,564
Dec 2019088959.012.30$2,049
Nov 201902,16055.302.75$5,942
Oct 201902,04053.472.42$4,934
Sep 201907755.052.66$205
Aug 201902,17853.112.30$5,019
Jul 20194147656.272.46$3,478
Jun 2019046152.782.49$1,148
May 2019099258.482.74$2,718
Apr 201901,88062.632.75$5,171
Mar 201902,83356.803.06$8,675
Feb 201901,11450.852.79$3,111
Jan 201901,64146.033.23$5,297
Dec 2018047646.594.19$1,992
Nov 2018046152.934.24$1,953
Oct 20181822,24461.443.40$18,807
Sep 2018046259.543.11$1,436
Aug 2018047659.403.07$1,460
Jul 2018049265.142.93$1,442
Jun 2018046160.183.08$1,418
May 201801,64665.382.90$4,775
Apr 2018047463.842.90$1,375
Mar 2018051761.222.79$1,441
Feb 201801,26761.782.77$3,505
Jan 201801,89762.874.01$7,606
Dec 201701,30457.272.92$3,810
Nov 201701,96455.423.12$6,124
Oct 201701,68249.292.98$5,019
Sep 2017065047.523.09$2,007
Aug 201701,44545.373.00$4,341
Jul 201701,46043.873.09$4,507
Jun 201702,51242.493.09$7,755
May 201701,11145.373.26$3,626
Apr 20171813,78547.933.21$20,831
Mar 2017047646.772.98$1,420
Feb 201701,08750.452.95$3,209
Jan 201703,20649.413.42$10,961
Dec 2016147648.763.72$1,821
Nov 2016272442.492.64$1,999
Oct 2016040246.193.09$1,242
Sep 2016010641.553.10$329
Aug 2016019241.442.92$561
Jul 2016092841.622.92$2,714
Jun 20160045.352.69$0
May 201601,04542.521.99$2,081
Apr 201601,73036.561.99$3,445
Mar 201603,77833.011.79$6,778
Feb 201604926.472.06$101
Jan 20160327.352.36$7
Dec 20150232.362.00$4
Nov 20150738.792.17$15
Oct 2015017243.552.43$417
Sep 201509142.992.76$251
Aug 20150240.162.87$6
Jul 201502,85448.152.95$8,405
Jun 201501,12056.152.88$3,229
May 2015029655.212.96$875
Apr 2015016649.822.71$449
Mar 201501942.892.93$56
Feb 201502,85744.662.98$8,503
Jan 2015022343.433.10$691
Dec 20141942,74354.693.59$20,461
Nov 2014011770.464.25$497
Oct 201409378.303.90$363
Sep 2014081786.164.05$3,305
Aug 201402,40789.394.04$9,713
Jul 20140496.564.18$17
Jun 201401998.164.74$90
May 201402,87594.734.73$13,589
Apr 201401095.944.81$48
Mar 201402,50795.895.06$12,677
Feb 20140597.406.19$31
Jan 2014053290.404.86$2,586
Dec 201301,98491.824.35$8,639
Nov 201305,86388.853.74$21,918
Oct 201305697.423.78$212
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 20130384102.523.72$1,428
Jun 20131946,70094.403.93$44,667
May 201301,13294.834.15$4,697
Apr 201306193.964.28$261
Mar 201309593.623.91$372
Feb 2013016491.233.42$561
Jan 2013019691.603.42$670
Dec 2012036786.773.42$1,255
Nov 2012010886.953.62$392
Oct 2012070189.383.40$2,383
Sep 201203,44994.672.92$10,066
Aug 201206,66592.662.91$19,383
Jul 2012022285.133.02$671
Jun 2012020179.822.52$506
May 201219516291.612.49$18,267
Apr 20120161101.652.00$321
Mar 20120189105.052.22$420
Feb 20120211101.102.57$542
Jan 2012022098.092.73$602
Dec 2011030496.873.24$985
Nov 201101,02395.723.31$3,387
Oct 201101,75284.983.65$6,392
Sep 201101,97483.623.99$7,868
Aug 201102,01383.404.15$8,353
Jul 201102,18294.144.52$9,857
Jun 201101,98392.904.64$9,201
May 201102,37698.134.40$10,466
Apr 201102,302105.964.33$9,975
Mar 201102,43996.364.06$9,896
Feb 201102,43785.644.18$10,187
Jan 201102,68986.504.59$12,339
Dec 201002,41585.734.35$10,500
Nov 201001,00380.843.80$3,807
Oct 201019353678.103.51$16,954
Sep 201002,79772.633.98$11,131
Aug 201002,81273.684.42$12,427
Jul 201002,96372.554.74$14,034
Jun 201003,85970.364.91$18,949
May 2010095771.124.24$4,053
Apr 201003,55181.694.12$14,640
Mar 20101442,73478.394.39$23,287
Feb 201004,28973.585.44$23,342
Jan 201004,20674.365.96$25,085
Dec 200905,38171.445.48$29,508
Nov 2009068774.593.75$2,577
Oct 200902,57072.544.11$10,563
Sep 20091852,75265.543.06$20,559
Aug 200902,84667.423.22$9,160
Jul 200902,44361.133.46$8,464
Jun 200902,85266.163.90$11,109
May 2009171,81554.743.93$8,056
Apr 20091952,78546.773.59$19,111
Mar 2009112,68942.144.06$11,378
Feb 200942,82332.814.63$13,210
Jan 200972,76635.865.37$15,107
Dec 200843,52837.105.98$21,236
Nov 200802,47455.496.86$16,973
Oct 20081272,61575.246.92$27,656
Sep 200801,819101.767.88$14,328
Aug 200852,272114.228.48$19,845
Jul 200801,789131.0811.39$20,376
Jun 200822,395131.3313.03$31,476
May 20081462,715123.1711.57$49,407
Apr 200802,640110.3110.45$27,601
Mar 200823,435101.909.66$33,400
Feb 200841,50192.538.77$13,535
Jan 200832,61990.388.21$21,762
Dec 20071083,57888.337.30$35,666
Nov 200703,17091.677.29$23,115
Oct 200721,62782.856.92$11,428
Sep 200773,05275.846.24$19,588
Aug 200713,47769.066.39$22,280
Jul 20071553,17170.906.39$31,246
Jun 200722,72462.007.55$20,686
May 200743,13058.747.85$24,794
Apr 200703,38759.617.81$26,436
Mar 200707,12256.927.30$52,005
Feb 200712,87555.108.22$23,676
Jan 200714,40450.306.73$29,675
Dec 20061264,11556.656.92$35,607
Nov 200653,59954.207.62$27,686
Oct 200603,19554.906.01$19,214
Sep 200643,60460.085.04$18,394
Aug 200633,95168.717.34$29,206
Jul 200604,48869.376.34$28,466
Jun 200613,46666.286.38$22,193
May 2006845,22966.016.42$39,141
Apr 2006534,63064.397.36$37,492
Mar 200694,15056.707.08$29,904
Feb 2006193,66357.597.75$29,487
Jan 20061964,02260.598.93$47,805
Dec 200584,54254.9413.42$61,372
Nov 200524,35054.6910.59$46,169
Oct 200564,15858.3413.80$57,713
Sep 200508,35261.4512.08$100,884
Aug 200502,54261.519.80$24,904
Jul 20051864,03255.697.84$41,984
Jun 200507,33052.337.38$54,103
May 200514,38745.226.65$29,224
Apr 200533,34949.207.36$24,798
Mar 200534,98650.377.15$35,825
Feb 20051913,76845.226.31$32,420
Jan 200524,66443.166.32$29,573
Dec 200404,95539.866.75$33,452
Nov 20041894,59945.286.33$37,672
Oct 200474,46249.706.52$29,418
Sep 200415,00043.245.28$26,463
Aug 20041974,93742.375.55$35,751
Jul 200495,34838.286.08$32,883
Jun 200404,68836.106.43$30,158
May 20041755,03837.486.49$39,279
Apr 200404,65134.475.86$27,248
Mar 200405,27534.365.53$29,171
Feb 200405,03532.455.51$27,741
Jan 20041945,45032.036.30$40,547
Dec 200305,18030.266.30$32,643
Nov 200305,47328.804.60$25,149
Oct 20031976,01328.174.76$34,169
Sep 200305,28826.314.75$25,115
Aug 200305,96729.765.13$30,609
Jul 200306,24429.415.17$32,287
Jun 20031976,20928.565.98$42,775
May 200305,63026.595.97$33,626
Apr 20031775,43226.675.41$34,093
Mar 200305,43531.146.10$33,132
Feb 20031816,32133.487.93$56,159
Jan 200307,22030.315.58$40,302
Dec 200207,51726.914.85$36,486
Nov 20021698,15324.664.14$37,896
Oct 200218313,31926.464.23$61,170
Sep 20020027.443.64$0
Aug 200208,45325.963.16$26,747
Jul 20021824,07324.583.06$16,944
Jun 200207,48823.733.34$24,997
May 20021786,55824.663.58$27,893
Apr 20021835,65723.653.51$24,197
Mar 200207,54522.003.10$23,410
Feb 200208,10018.222.38$19,243
Jan 20021797,60417.172.38$21,138
Dec 20011827,09216.932.36$19,850
Nov 200107,40318.072.41$17,808
Oct 200136013,81819.782.53$42,065
Sep 2001010,56924.262.25$23,794
Aug 200101,78024.873.05$5,435
Jul 200118019,75123.933.20$67,453
Jun 200118117,17024.563.82$70,106
May 200118216,69225.524.31$76,542
Apr 200117119,49224.685.34$108,216
Mar 200118720,82724.545.38$116,564
Feb 200119216,82927.755.77$102,382
Jan 200118721,04827.478.40$181,914
Dec 200019421,93526.889.12$205,317
Nov 200018523,20732.215.66$137,264
Oct 200018722,54331.235.15$121,835
Sep 200035420,54531.875.19$117,839
Aug 200018117,54229.644.54$85,019
Jul 200016222,07528.534.09$94,903
Jun 200017920,60829.304.40$95,863
May 200018020,10127.263.68$78,873
Apr 200017924,03724.513.12$79,287
Mar 200034222,87828.422.86$75,145
Feb 200018320,95627.622.73$62,191
Jan 200018430,88425.272.48$81,257
Dec 199936826,95424.282.42$74,264
Nov 199917532,75523.192.43$83,784
Oct 199918523,16020.982.80$68,815
Sep 199933619,21621.752.62$57,632
Aug 199917619,33719.262.88$58,995
Jul 199918024,42917.892.37$61,175
Jun 199936416,68615.942.36$45,216
May 199935426,23215.792.32$66,475
Apr 199936729,42515.102.21$70,514
Mar 199940116,39712.471.84$35,144
Feb 199907,6149.981.82$13,841
Jan 199917813,90510.381.90$28,266
Dec 19983615,4899.201.77$13,055
Nov 199818012,12510.892.19$28,462
Oct 199851214,82612.421.97$35,555
Sep 199816813,77112.592.08$30,795
Aug 199853826,01911.301.91$55,707
Jul 199834417,18111.742.24$42,477
Jun 199806,99911.242.24$15,659
May 199851915,72012.622.21$41,233
Apr 199853836,69013.042.51$98,936
Mar 19981801,22012.802.31$5,122
Feb 199836316,71413.952.30$43,492
Jan 1998881,88114.702.15$5,347
Dec 199735611,64916.322.41$33,897
Nov 19971789,02718.193.09$31,116
Oct 199753223,95219.253.15$85,685
Sep 199753882017.742.95$11,967
Aug 199770725,40817.862.55$77,538
Jul 199754429,63217.582.25$76,145
Jun 199770434,16217.242.26$89,247
May 199779035,05318.972.31$95,906
Apr 199774238,99017.882.08$94,475
Mar 199778543,56518.951.94$99,354
Feb 199794948,92420.492.21$127,366
Jan 199760334,08323.483.54$134,802
Dec 19961,12547,69123.32$26,235
Nov 199696140,10121.97$21,113
Oct 19961,37060,80223.31$31,935
Sep 19961,36245,58022.22$30,264
Aug 19961,34561,75420.26$27,250
Jul 19961,56767,28819.55$30,635
Jun 19961,25856,73618.73$23,562
May 19961,61363,95519.43$31,341
Apr 19961,83173,37021.51$39,385
Mar 19962,18884,36019.38$42,403
Feb 19961,80268,71916.98$30,598
Jan 19962,66298,29017.07$45,440
Dec 19952,844104,70917.19$48,888
Nov 19953,178115,74116.00$50,848
Oct 19954,468141,86715.43$68,941
Sep 19952,25775,30616.18$36,518
Aug 19957,860228,36015.92$125,131
Jul 19952,52472,89315.24$38,466
Jun 19956,511222,83116.41$106,846
May 19959,352278,49917.56$164,221
Apr 19954,303144,84717.73$76,292

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                  307 Mcf  × $  3.05 =       $935

────────────────────────────────────────────────────
Month total                                     $935

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/154123 is the state's own key, not one this site invented.