GARNET 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 154386District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.5 M
Feb 1995 – May 2026
Value, last 12 filed months
$128 k
at the published price for each month
Months reported
376
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 Gas111997-09-08136907
NGPA2none

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
CondensateDisposition119,518 bbl$3,096,055
GasProduction4,016,235 Mcf$7,380,614
Total$10,476,669

2,060,852 Mcf of this lease's gas, across 23 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 30.0614, -96.7392. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.06138, -96.73924 · 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
15,651 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 15,651 ft.

Completions filed
Feb 1995
1 of 1 wells

1 well

42-14932927115,651 ftFeb 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 (376)

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

376 months

May 20260447106.413.05$1,361
Apr 202601,25798.932.87$3,607
Mar 202601,57689.753.15$4,964
Feb 20261701,93663.503.75$18,056
Jan 202632,02459.138.00$16,365
Dec 20251702,25056.664.41$19,562
Nov 202502,30558.593.93$9,050
Oct 202502,52859.383.30$8,355
Sep 202503,08862.743.08$9,502
Aug 202506,48463.933.01$19,548
Jul 202503,66266.743.32$12,140
Jun 202501,86166.483.13$5,823
May 2025055760.553.23$1,800
Apr 2025418762.363.54$912
Mar 2025031967.704.27$1,362
Feb 2025017170.884.34$742
Jan 2025033174.324.28$1,416
Dec 2024026268.993.12$818
Nov 2024065969.052.20$1,449
Oct 202403,97671.372.28$9,071
Sep 2024013569.612.36$319
Aug 2024021775.632.06$448
Jul 2024023479.932.15$502
Jun 2024074178.082.63$1,952
May 202401,14778.812.20$2,522
Apr 2024053084.451.66$879
Mar 20241822,25880.301.55$18,104
Feb 202422,11576.091.78$3,925
Jan 20241662,24073.023.30$19,508
Dec 202322,20971.262.61$5,910
Nov 202312,14177.892.81$6,089
Oct 202312,15985.443.09$6,751
Sep 20231702,24989.042.74$21,288
Aug 202312,35980.522.67$6,386
Jul 202302,44174.852.64$6,449
Jun 20231702,48868.962.26$17,342
May 20231773,66070.622.23$20,652
Apr 2023019278.122.24$430
Mar 202301,67172.852.39$3,999
Feb 202312,64675.112.47$6,599
Jan 2023018776.533.39$634
Dec 20221811,73376.415.73$23,759
Nov 202222,00185.005.65$11,468
Oct 202212,23287.185.86$13,175
Sep 202212,38484.888.16$19,547
Aug 20221743,42094.529.13$47,661
Jul 20220993101.587.54$7,489
Jun 20220204115.097.98$1,627
May 202201,306109.378.43$11,014
Apr 20221771,930104.226.84$31,644
Mar 202211,930108.885.08$9,906
Feb 202201,67291.054.86$8,124
Jan 20221811,89881.844.54$23,426
Dec 202112,01771.323.90$7,936
Nov 202101,95477.435.24$10,233
Oct 202111,92579.795.71$11,079
Sep 20211741,90869.865.35$22,365
Aug 202122,11266.024.22$9,046
Jul 202132,24770.783.98$9,160
Jun 20211772,18769.493.38$19,693
May 202112,44963.483.02$7,454
Apr 20211801,93760.362.76$16,208
Mar 202102,64561.302.72$7,186
Feb 20211801,33557.805.55$17,811
Jan 202102,33550.412.81$6,562
Dec 202002,34944.642.68$6,285
Nov 20201772,27738.772.71$13,025
Oct 202002,28136.972.48$5,653
Sep 202002,26237.091.99$4,504
Aug 20201762,40339.982.39$12,768
Jul 20201752,72938.371.83$11,696
Jun 2020072134.901.69$1,219
May 20200016.921.81$0
Apr 20201909814.751.80$2,979
Mar 20202610930.341.86$991
Feb 2020910249.881.98$651
Jan 202001157.252.09$23
Dec 20191698059.012.30$10,157
Nov 201937655.302.75$375
Oct 20193353.472.42$168
Sep 201931555.052.66$205
Aug 2019033753.112.30$777
Jul 20191851,73856.272.46$14,686
Jun 201911,78752.782.49$4,505
May 201901,85058.482.74$5,070
Apr 20191861,77162.632.75$16,521
Mar 201911,86856.803.06$5,777
Feb 201911,50250.852.79$4,245
Jan 201921,89746.033.23$6,216
Dec 20181842,32846.594.19$18,316
Nov 201861,39452.934.24$6,224
Oct 201811,48361.443.40$5,101
Sep 20181771,81259.543.11$16,170
Aug 201801,73059.403.07$5,305
Jul 201811,99865.142.93$5,923
Jun 201823,76560.183.08$11,705
May 20180065.382.90$0
Apr 20182271,29463.842.90$18,245
Mar 2018582,30261.222.79$9,966
Feb 201832,48661.782.77$7,062
Jan 2018048662.874.01$1,949
Dec 20171811,61657.272.92$15,087
Nov 201701,53955.423.12$4,799
Oct 201701,46549.292.98$4,371
Sep 20171721,45047.523.09$12,650
Aug 201701,30945.373.00$3,933
Jul 2017082143.873.09$2,535
Jun 2017133142.493.09$1,064
May 201718668245.373.26$10,664
Apr 20171871,26047.933.21$13,010
Mar 2017022446.772.98$668
Feb 2017922,30150.452.95$11,435
Jan 201701,20649.413.42$4,123
Dec 201601,57248.763.72$5,852
Nov 201603,98142.492.64$10,527
Oct 201615,00046.193.09$15,497
Sep 20161805,56341.553.10$24,728
Aug 201603,66541.442.92$10,718
Jul 201624,31341.622.92$12,696
Jun 201604,65445.352.69$12,500
May 20161934,04242.521.99$16,254
Apr 201613,23136.561.99$6,470
Mar 201622,73733.011.79$4,976
Feb 201602,78726.472.06$5,751
Jan 201605,07027.352.36$11,987
Dec 20151894,17232.362.00$14,466
Nov 201504,32438.792.17$9,372
Oct 201524,68343.552.43$11,451
Sep 201504,14742.992.76$11,439
Aug 20151933,94640.162.87$19,086
Jul 201514,53948.152.95$13,416
Jun 201524,89656.152.88$14,227
May 20151844,01955.212.96$22,037
Apr 201534,20749.822.71$11,536
Mar 201535,29042.892.93$15,653
Feb 20151935,61344.662.98$25,325
Jan 201505,23843.433.10$16,241
Dec 201405,15754.693.59$18,521
Nov 20141865,23070.464.25$35,343
Oct 201404,99178.303.90$19,470
Sep 20141906,28386.164.05$41,788
Aug 201403,91589.394.04$15,797
Jul 201401,12296.564.18$4,690
Jun 201405,55898.164.74$26,328
May 20141934,86094.734.73$41,254
Apr 201414,57195.944.81$22,078
Mar 201404,99595.895.06$25,259
Feb 201404,62797.406.19$28,650
Jan 20141944,13390.404.86$37,627
Dec 201304,79791.824.35$20,888
Nov 201335,12488.853.74$19,422
Oct 20131974,89697.423.78$37,695
Sep 201334,771104.113.72$18,050
Aug 201304,868104.253.52$17,148
Jul 20131904,589102.523.72$36,540
Jun 201304,79694.403.93$18,865
May 201304,92594.834.15$20,434
Apr 20131854,86293.964.28$38,205
Mar 201304,87093.623.91$19,056
Feb 201303,63291.233.42$12,421
Jan 20131914,18891.603.42$31,818
Dec 201203,44686.773.42$11,786
Nov 201203,12386.953.62$11,321
Oct 20121954,08589.383.40$31,317
Sep 201203,37594.672.92$9,850
Aug 20121881,49392.662.91$21,762
Jul 201213,18885.133.02$9,715
Jun 201213,18879.822.52$8,111
May 20121953,52291.612.49$26,628
Apr 201213,495101.652.00$7,080
Mar 20121943,703105.052.22$28,608
Feb 201233,585101.102.57$9,518
Jan 20121913,51698.092.73$28,348
Dec 201123,39196.873.24$11,180
Nov 201103,17595.723.31$10,513
Oct 20111873,50084.983.65$28,661
Sep 201124,01283.623.99$16,158
Aug 20111913,47383.404.15$30,340
Jul 201113,70894.144.52$16,844
Jun 201113,40592.904.64$15,892
May 20111793,77398.134.40$34,185
Apr 20111863,829105.964.33$36,301
Mar 201144,33896.364.06$17,986
Feb 20111982,87085.644.18$28,953
Jan 20111982,06486.504.59$26,598
Dec 201013,01485.734.35$13,190
Nov 201001,50880.843.80$5,723
Oct 20101922,95278.103.51$25,353
Sep 201012,79672.633.98$11,199
Aug 20101863,02973.684.42$27,091
Jul 201003,00172.554.74$14,214
Jun 20101932,91970.364.91$27,913
May 201013,28171.124.24$13,967
Apr 20101934,42481.694.12$34,005
Mar 2010082878.394.39$3,634
Feb 201001,02973.585.44$5,600
Jan 20101903,12274.365.96$32,748
Dec 200913,22471.445.48$17,751
Nov 20091843,05674.593.75$25,189
Oct 200913,26072.544.11$13,472
Sep 20091933,09565.543.06$22,135
Aug 200903,07267.423.22$9,887
Jul 20091833,38861.133.46$22,925
Jun 200912,92666.163.90$11,463
May 20091933,43154.743.93$24,034
Apr 200923,32246.773.59$12,011
Mar 20091943,43142.144.06$22,102
Feb 20091893,11532.814.63$20,633
Jan 200913,61835.865.37$19,468
Dec 20081843,47737.105.98$27,609
Nov 200823,36155.496.86$23,169
Oct 20081873,38475.246.92$37,494
Sep 200813,289101.767.88$26,010
Aug 20081933,312114.228.48$50,140
Jul 200803,238131.0811.39$36,879
Jun 20081863,260131.3313.03$66,914
May 200823,219123.1711.57$37,504
Apr 20081903,051110.3110.45$52,857
Mar 200803,180101.909.66$30,732
Feb 200802,97792.538.77$26,110
Jan 20081883,18790.388.21$43,143
Dec 20071843,25188.337.30$39,991
Nov 200712,94791.677.29$21,580
Oct 20071943,33582.856.92$39,158
Sep 200703,22475.846.24$20,131
Aug 200713,18069.066.39$20,383
Jul 20071833,44770.906.39$34,994
Jun 200723,57262.007.55$27,087
May 20071893,73058.747.85$40,368
Apr 200723,68559.617.81$28,881
Mar 20071873,92456.927.30$39,297
Feb 200713,36755.108.22$27,718
Jan 20071893,60150.306.73$33,730
Dec 20061953,98456.656.92$38,610
Nov 200623,61254.207.62$27,623
Oct 20061893,83754.906.01$33,451
Sep 200623,48160.085.04$17,655
Aug 200613,95068.717.34$29,061
Jul 20061884,00469.376.34$38,438
Jun 200624,09966.286.38$26,300
May 20061904,36666.016.42$40,593
Apr 200614,45264.397.36$32,833
Mar 20061934,71556.707.08$44,339
Feb 20061854,42557.597.75$44,953
Jan 200644,96560.598.93$44,596
Dec 20051885,08454.9413.42$78,533
Nov 20051834,78054.6910.59$60,621
Oct 200524,57558.3413.80$63,232
Sep 20051454,74661.4512.08$66,237
Aug 20051705,20661.519.80$61,459
Jul 200535,31455.697.84$41,848
Jun 20051694,72452.337.38$43,712
May 20051814,99545.226.65$41,407
Apr 20051864,83449.207.36$44,732
Mar 200525,59450.377.15$40,125
Feb 20051475,44945.226.31$41,041
Jan 20051636,02343.166.32$45,114
Dec 20041915,87539.866.75$47,276
Nov 20041685,77145.286.33$44,140
Oct 20041766,44549.706.52$50,737
Sep 200445,94343.245.28$31,575
Aug 20041816,13842.375.55$41,739
Jul 20041785,66638.286.08$41,287
Jun 20041776,10236.106.43$45,644
May 20041716,58637.486.49$49,182
Apr 20043706,61434.475.86$51,502
Mar 20041887,24434.365.53$46,520
Feb 20041807,35832.455.51$46,381
Jan 20047498,84932.036.30$79,736
Dec 200315,16030.266.30$32,547
Nov 20031835,27928.804.60$29,528
Oct 20031835,52828.174.76$31,466
Sep 200305,41526.314.75$25,718
Aug 20031786,16329.765.13$36,912
Jul 20031896,51829.415.17$39,262
Jun 20031795,74828.565.98$39,502
May 20031875,38526.595.97$37,135
Apr 200325,59126.675.41$30,285
Mar 20031815,79431.146.10$40,957
Feb 20031855,77133.487.93$51,934
Jan 20031825,62930.315.58$36,938
Dec 20021795,83926.914.85$33,158
Nov 20021836,11724.664.14$29,819
Oct 20021757,06026.464.23$34,488
Sep 20021806,74027.443.64$29,440
Aug 20021806,38225.963.16$24,866
Jul 20021796,55424.583.06$24,467
Jun 20021896,61523.733.34$26,567
May 20021806,67624.663.58$28,366
Apr 20021866,24023.653.51$26,316
Mar 20021846,63122.003.10$24,622
Feb 200246,40318.222.38$15,284
Jan 20023617,80717.172.38$24,745
Dec 20011826,83716.932.36$19,247
Nov 20011807,53318.072.41$21,373
Oct 20011808,03319.782.53$23,875
Sep 20011817,98724.262.25$22,372
Aug 20013617,90124.873.05$33,101
Jul 20011817,80423.933.20$29,281
Jun 20011839,23624.563.82$39,814
May 20013599,97725.524.31$52,136
Apr 20011837,59524.685.34$45,038
Mar 20013766,66124.545.38$45,040
Feb 200155,23027.755.77$30,301
Jan 20013678,85027.478.40$84,411
Dec 200036812,11226.889.12$120,384
Nov 200036317,82032.215.66$112,518
Oct 200054420,93131.235.15$124,690
Sep 20001831,78231.875.19$15,075
Aug 200001,05429.644.54$4,786
Jul 200018525528.534.09$6,321
Jun 2000013029.304.40$572
May 200001,06227.263.68$3,908
Apr 200007,43224.513.12$23,158
Mar 20001897,35228.422.86$26,396
Feb 200028,00427.622.73$21,878
Jan 200054113,16825.272.48$46,334
Dec 199918511,74924.282.42$32,968
Nov 199936312,65123.192.43$39,210
Oct 199935211,59320.982.80$39,888
Sep 199917812,91621.752.62$37,697
Aug 199935912,50619.262.88$42,877
Jul 199936013,00917.892.37$37,303
Jun 199936312,75715.942.36$35,920
May 1999011,66015.792.32$27,063
Apr 199935912,40315.102.21$32,807
Mar 199936315,52812.471.84$33,072
Feb 199937314,4449.981.82$29,979
Jan 199936816,02210.381.90$34,261
Dec 199854617,7749.201.77$36,542
Nov 199836517,61310.892.19$42,472
Oct 199835818,59312.421.97$41,060
Sep 199871618,94412.592.08$48,468
Aug 199835619,37011.301.91$40,968
Jul 199870319,46111.742.24$51,793
Jun 199836118,63911.242.24$45,758
May 199836920,87912.622.21$50,723
Apr 199872321,25413.042.51$62,676
Mar 199872623,85112.802.31$64,375
Feb 199835622,93913.952.30$57,706
Jan 199872926,26814.702.15$67,318
Dec 199772127,57916.322.41$78,262
Nov 199790728,25018.193.09$103,742
Oct 199772430,75119.253.15$110,797
Sep 199771630,60517.742.95$103,136
Aug 199771325,93217.862.55$78,984
Jul 199790335,35417.582.25$95,313
Jun 199771536,50517.242.26$94,726
May 19971,07435,45618.972.31$102,224
Apr 199790135,58617.882.08$90,228
Mar 19971,28538,82518.951.94$99,638
Feb 19971,09736,74920.492.21$103,542
Jan 19971,47943,42623.483.54$188,442
Dec 19961,29046,08423.32$30,083
Nov 19961,27244,38221.97$27,946
Oct 19961,44649,52123.31$33,706
Sep 19961,45613,34322.22$32,352
Aug 19961,61554,79720.26$32,720
Jul 19962,16659,08619.55$42,345
Jun 19961,60660,64418.73$30,080
May 19961,99269,98719.43$38,705
Apr 19962,34969,00521.51$50,527
Mar 19962,17476,01719.38$42,132
Feb 19961,99667,50816.98$33,892
Jan 19962,39871,69217.07$40,934
Dec 19952,56874,01317.19$44,144
Nov 19952,89579,73716.00$46,320
Oct 19953,07191,30715.43$47,386
Sep 19953,303101,33116.18$53,443
Aug 19953,363115,88715.92$53,539
Jul 19954,674125,82815.24$71,232
Jun 19954,126130,65016.41$67,708
May 19955,433174,59317.56$95,403
Apr 19956,420161,71917.73$113,827
Mar 19957,615199,68016.44$125,191
Feb 19954,150124,04116.58$68,807

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                  447 Mcf  × $  3.05 =     $1,361

────────────────────────────────────────────────────
Month total                                   $1,361

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/154386 is the state's own key, not one this site invented.