MARL RANCH

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 154485District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$875 k
Apr 1995 – May 2026
Value, last 12 filed months
$0
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 Gas111995-08-17132161
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
CondensateDisposition2,510 bbl$50,557
GasProduction574,359 Mcf$824,264
Total$874,821

371,161 Mcf of this lease's gas, across 18 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 30.5246, -95.9987. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.52460, -95.99869 · 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
16,448 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 16,448 ft.

Completions filed
Apr 1995
1 of 1 wells

1 well

42-185305031H16,448 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
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 201551038.792.17$1,978
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 20130094.834.15$0
Apr 20130093.964.28$0
Mar 201301293.623.91$47
Feb 201302,53491.233.42$8,666
Jan 2013060791.603.42$2,076
Dec 2012079586.773.42$2,719
Nov 2012049886.953.62$1,805
Oct 2012055089.383.40$1,870
Sep 2012054294.672.92$1,582
Aug 2012049592.662.91$1,440
Jul 20120085.133.02$0
Jun 2012048979.822.52$1,232
May 2012049391.612.49$1,227
Apr 20120304101.652.00$607
Mar 20120177105.052.22$393
Feb 20120127101.102.57$326
Jan 2012043798.092.73$1,195
Dec 2011054196.873.24$1,753
Nov 2011063195.723.31$2,089
Oct 2011035884.983.65$1,306
Sep 20110083.623.99$0
Aug 2011047483.404.15$1,967
Jul 2011062194.144.52$2,805
Jun 2011073892.904.64$3,424
May 2011038298.134.40$1,683
Apr 201100105.964.33$0
Mar 2011019396.364.06$783
Feb 2011064485.644.18$2,692
Jan 2011017686.504.59$808
Dec 2010038685.734.35$1,678
Nov 2010061480.843.80$2,330
Oct 2010038078.103.51$1,333
Sep 2010083272.633.98$3,311
Aug 20100173.684.42$4
Jul 201001,03272.554.74$4,888
Jun 20100070.364.91$0
May 2010034371.124.24$1,453
Apr 20100981.694.12$37
Mar 2010044578.394.39$1,953
Feb 2010070173.585.44$3,815
Jan 201001,02774.365.96$6,125
Dec 2009010171.445.48$554
Nov 200906074.593.75$225
Oct 2009011072.544.11$452
Sep 2009079165.543.06$2,424
Aug 2009013867.423.22$444
Jul 2009046061.133.46$1,594
Jun 2009022166.163.90$861
May 200901,01854.743.93$3,996
Apr 20090046.773.59$0
Mar 200901,14042.144.06$4,627
Feb 200907132.814.63$329
Jan 200901,07435.865.37$5,768
Dec 20080037.105.98$0
Nov 200806155.496.86$418
Oct 200801,03075.246.92$7,130
Sep 200800101.767.88$0
Aug 20080361114.228.48$3,062
Jul 200801,145131.0811.39$13,041
Jun 20080329131.3313.03$4,288
May 20080164123.1711.57$1,898
Apr 20080947110.3110.45$9,901
Mar 20080676101.909.66$6,533
Feb 2008030592.538.77$2,675
Jan 2008076590.388.21$6,277
Dec 2007012388.337.30$898
Nov 2007090391.677.29$6,584
Oct 2007037882.856.92$2,617
Sep 2007027775.846.24$1,730
Aug 20072487669.066.39$7,253
Jul 2007074270.906.39$4,740
Jun 2007090262.007.55$6,809
May 200711,61258.747.85$12,707
Apr 2007012359.617.81$960
Mar 200701456.927.30$102
Feb 200701,06255.108.22$8,725
Jan 2007090850.306.73$6,108
Dec 2006169056.656.92$4,830
Nov 2006011054.207.62$838
Oct 2006013854.906.01$830
Sep 2006156960.085.04$2,926
Aug 200601,22468.717.34$8,984
Jul 2006013469.376.34$850
Jun 2006046866.286.38$2,988
May 2006062466.016.42$4,009
Apr 2006053064.397.36$3,901
Mar 2006031456.707.08$2,224
Feb 2006075457.597.75$5,844
Jan 2006020460.598.93$1,822
Dec 200511,06454.9413.42$14,329
Nov 2005026854.6910.59$2,838
Oct 200501,11858.3413.80$15,424
Sep 2005037361.4512.08$4,505
Aug 2005029561.519.80$2,890
Jul 200521,33955.697.84$10,614
Jun 2005018152.337.38$1,336
May 200501,47545.226.65$9,810
Apr 2005026349.207.36$1,936
Mar 200521,35550.377.15$9,796
Feb 2005048045.226.31$3,030
Jan 2005029643.166.32$1,871
Dec 200401,49339.866.75$10,079
Nov 2004017845.286.33$1,127
Oct 2004087149.706.52$5,675
Sep 2004071543.245.28$3,778
Aug 2004032242.375.55$1,787
Jul 20041041,50438.286.08$13,132
Jun 2004035736.106.43$2,297
May 200401,50937.486.49$9,800
Apr 2004021434.475.86$1,254
Mar 200401,09634.365.53$6,061
Feb 2004071732.455.51$3,950
Jan 2004045432.036.30$2,860
Dec 200301,15630.266.30$7,285
Nov 20031191,07428.804.60$8,362
Oct 2003048528.174.76$2,308
Sep 200301,83626.314.75$8,720
Aug 2003096829.765.13$4,966
Jul 2003034429.415.17$1,779
Jun 2003055728.565.98$3,333
May 2003069126.595.97$4,127
Apr 2003058226.675.41$3,147
Mar 2003044831.146.10$2,731
Feb 2003047933.487.93$3,797
Jan 200306,76530.315.58$37,763
Dec 2002093126.914.85$4,519
Nov 2002076724.664.14$3,173
Oct 200201,53326.464.23$6,483
Sep 200201,32627.443.64$4,820
Aug 200201,77625.963.16$5,620
Jul 200201,77324.583.06$5,429
Jun 2002078723.733.34$2,627
May 200201,76524.663.58$6,326
Apr 200218660223.653.51$6,513
Mar 200202,74122.003.10$8,505
Feb 2002068618.222.38$1,630
Jan 200203,02017.172.38$7,175
Dec 200103,02016.932.36$7,140
Nov 2001015318.072.41$368
Oct 200101,90619.782.53$4,820
Sep 200103,52324.262.25$7,931
Aug 20010024.873.05$0
Jul 200101,06823.933.20$3,414
Jun 200101,20724.563.82$4,616
May 200101,76325.524.31$7,594
Apr 200104224.685.34$224
Mar 2001082824.545.38$4,452
Feb 200101,54327.755.77$8,899
Jan 200101,67427.478.40$14,060
Dec 200001,42926.889.12$13,036
Nov 200001,78932.215.66$10,122
Oct 200007131.235.15$365
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000728.534.09$29
Jun 20000029.304.40$0
May 200001,68027.263.68$6,182
Apr 200001,39824.513.12$4,356
Mar 20000028.422.86$0
Feb 2000060227.622.73$1,641
Jan 200002525.272.48$62
Dec 1999070724.282.42$1,714
Nov 1999069123.192.43$1,682
Oct 199901,35020.982.80$3,785
Sep 199901,04521.752.62$2,737
Aug 199906219.262.88$178
Jul 1999056117.892.37$1,331
Jun 1999068915.942.36$1,627
May 199901,15415.792.32$2,678
Apr 1999092315.102.21$2,038
Mar 199901,39012.471.84$2,555
Feb 199901,9259.981.82$3,499
Jan 199901,82510.381.90$3,467
Dec 19981911,3189.201.77$4,094
Nov 199801,32210.892.19$2,890
Oct 199801,22212.421.97$2,406
Sep 199801,38012.592.08$2,874
Aug 199802,66411.301.91$5,081
Jul 199801,32111.742.24$2,955
Jun 199803911.242.24$87
May 199802,42312.622.21$5,346
Apr 199802,33113.042.51$5,840
Mar 199802,26912.802.31$5,240
Feb 199802,74413.952.30$6,309
Jan 199803,92514.702.15$8,458
Dec 199707,12716.322.41$17,184
Nov 199702,48118.193.09$7,662
Oct 19970019.253.15$0
Sep 199701,61217.742.95$4,763
Aug 199702,90117.862.55$7,411
Jul 199703,81117.582.25$8,563
Jun 19971916,57617.242.26$18,136
May 199703,19418.972.31$7,373
Apr 199705,04817.882.08$10,514
Mar 199705,22218.951.94$10,126
Feb 199705,64420.492.21$12,450
Jan 199706,31123.483.54$22,339
Dec 19961745,84623.32$4,058
Nov 199603,58621.97$0
Oct 199606,93123.31$0
Sep 199604,65722.22$0
Aug 19961856,86020.26$3,748
Jul 199606,76919.55$0
Jun 199608,60718.73$0
May 199606,55319.43$0
Apr 199617815,43021.51$3,829
Mar 1996217,89419.38$39
Feb 199616520,50316.98$2,802
Jan 19965216,99617.07$888
Dec 1995115,49817.19$17
Nov 199546,79516.00$64
Oct 19952015.43$31
Sep 19950016.18$0
Aug 19951015.92$16
Jul 199532539,16115.24$4,953
Jun 199537348,57416.41$6,121
May 199516790,00017.56$2,933
Apr 1995750,50117.73$124

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.

Nov 2015 — as filed, then multipliedworked
Condensate            51 bbl  × $ 38.79 =     $1,978
Gas                    0 Mcf  × $  2.17 =         $0

────────────────────────────────────────────────────
Month total                                   $1,978

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/154485 is the state's own key, not one this site invented.