OPAL 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 154498District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.7 M
Feb 1995 – May 2026
Value, last 12 filed months
$154 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 Gas111995-08-24132634
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
CondensateDisposition212,011 bbl$6,375,607
GasProduction4,303,482 Mcf$11,333,581
Total$17,709,188

1,537,240 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 30.0482, -96.7860. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.04821, -96.78603 · 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
14,645 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 14,645 ft.

Completions filed
Feb 1995
1 of 1 wells

1 well

42-14932910114,645 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 202603,535106.413.05$10,767
Apr 20261823,40598.932.87$27,777
Mar 20261864,12389.753.15$29,679
Feb 20261853,58563.503.75$25,192
Jan 20261944,19759.138.00$45,038
Dec 202502,04256.664.41$9,012
Nov 20250058.593.93$0
Oct 202504059.383.30$132
Sep 20250362.743.08$9
Aug 202501,75563.933.01$5,291
Jul 2025041066.743.32$1,359
Jun 20250066.483.13$0
May 2025084460.553.23$2,728
Apr 202512,20362.363.54$7,868
Mar 20251912,56867.704.27$23,892
Feb 202502,34770.884.34$10,188
Jan 20251982,71774.324.28$26,341
Dec 202402,41768.993.12$7,544
Nov 20241892,31169.052.20$18,131
Oct 202402,47671.372.28$5,649
Sep 20241802,44269.612.36$18,304
Aug 202402,62775.632.06$5,421
Jul 20241612,47679.932.15$18,184
Jun 202402,69078.082.63$7,085
May 20241903,07178.812.20$21,725
Apr 202402,96884.451.66$4,925
Mar 20241963,15480.301.55$20,612
Feb 202412,42876.091.78$4,407
Jan 20241932,77473.023.30$23,241
Dec 202302,79771.262.61$7,302
Nov 20231802,83177.892.81$21,968
Oct 20231872,97885.443.09$25,171
Sep 20230089.042.74$0
Aug 2023081880.522.67$2,186
Jul 20231922,63274.852.64$21,324
Jun 20231913,40168.962.26$20,852
May 202302,79970.622.23$6,234
Apr 20231913,56378.122.24$22,894
Mar 202302,75572.852.39$6,593
Feb 20231912,19675.112.47$19,761
Jan 202302,57076.533.39$8,706
Dec 20221992,61876.415.73$30,204
Nov 20221932,75385.005.65$31,949
Oct 202202,79387.185.86$16,377
Sep 202222,86584.888.16$23,559
Aug 20221933,22494.529.13$47,668
Jul 20221872,929101.587.54$41,086
Jun 202212,577115.097.98$20,672
May 20221913,186109.378.43$47,757
Apr 202203,095104.226.84$21,162
Mar 20221902,703108.885.08$34,409
Feb 202202,71891.054.86$13,206
Jan 20221923,07981.844.54$29,685
Dec 20211912,94471.323.90$25,101
Nov 202102,90677.435.24$15,218
Oct 20211882,97079.795.71$31,971
Sep 202112,88269.865.35$15,491
Aug 20211913,44566.024.22$27,150
Jul 202103,16370.783.98$12,595
Jun 20211883,23669.493.38$24,004
May 20211943,50763.483.02$22,898
Apr 20211923,68160.362.76$21,743
Mar 20211885,12561.302.72$25,449
Feb 20211983,11757.805.55$28,737
Jan 202101,59850.412.81$4,491
Dec 20201752,85544.642.68$15,450
Nov 202002,85338.772.71$7,722
Oct 20201813,47636.972.48$15,307
Sep 202002,15737.091.99$4,295
Aug 20201813,55739.982.39$15,720
Jul 20201893,48938.371.83$13,620
Jun 20201884,52934.901.69$14,217
May 20201453,62516.921.81$9,032
Apr 20201602,48914.751.80$6,851
Mar 20201802,67430.341.86$10,425
Feb 20201813,74149.881.98$16,438
Jan 202003,22757.252.09$6,760
Dec 20191623,35159.012.30$17,282
Nov 20191853,13555.302.75$18,854
Oct 201902,53453.472.42$6,129
Sep 20191602,81155.052.66$16,278
Aug 20191773,47253.112.30$17,401
Jul 20191872,79956.272.46$17,408
Jun 201902,39152.782.49$5,956
May 201902,97958.482.74$8,163
Apr 20191582,96962.632.75$18,062
Mar 20191782,96856.803.06$19,199
Feb 201902,68650.852.79$7,500
Jan 20193742,95846.033.23$26,764
Dec 201803,37246.594.19$14,113
Nov 20181742,86152.934.24$21,333
Oct 20181873,68361.443.40$24,004
Sep 20181873,70259.543.11$22,640
Aug 201803,93059.403.07$12,052
Jul 20181783,70065.142.93$22,443
Jun 20181672,56660.183.08$17,945
May 20181773,16065.382.90$20,739
Apr 20181804,48963.842.90$24,513
Mar 20181933,44261.222.79$21,408
Feb 201802,82161.782.77$7,803
Jan 20181953,07862.874.01$24,600
Dec 20171954,03957.272.92$22,968
Nov 201722,06055.423.12$6,535
Oct 20171953,26749.292.98$19,359
Sep 201703,23647.523.09$9,990
Aug 20171923,37745.373.00$18,857
Jul 201703,30743.873.09$10,210
Jun 20171903,18642.493.09$17,909
May 20171923,23545.373.26$19,268
Apr 201703,39247.933.21$10,894
Mar 20171943,55346.772.98$19,674
Feb 20171903,11450.452.95$18,780
Jan 20171863,47649.413.42$21,074
Dec 201602,21248.763.72$8,235
Nov 20161792,15042.492.64$13,291
Oct 20161853,49646.193.09$19,349
Sep 201603,56641.553.10$11,057
Aug 20161883,73141.442.92$18,701
Jul 20161833,71241.622.92$18,472
Jun 201603,29745.352.69$8,855
May 20161853,55942.521.99$14,952
Apr 201603,25736.561.99$6,485
Mar 20161833,68433.011.79$12,650
Feb 20161853,53926.472.06$12,200
Jan 20161923,72027.352.36$14,047
Dec 201503,75832.362.00$7,521
Nov 20151943,56938.792.17$15,260
Oct 20151923,55143.552.43$16,978
Sep 201503,55742.992.76$9,812
Aug 20151793,74340.162.87$17,940
Jul 20151883,83248.152.95$20,338
Jun 201503,59356.152.88$10,358
May 20151904,08555.212.96$22,563
Apr 20151893,97949.822.71$20,185
Mar 20151934,29642.892.93$20,885
Feb 201503,14044.662.98$9,345
Jan 20151954,05343.433.10$21,036
Dec 20143803,85454.693.59$34,623
Nov 201404,18370.464.25$17,785
Oct 20141884,27078.303.90$31,378
Sep 20141895,07586.164.05$36,815
Aug 20141855,05189.394.04$36,919
Jul 20141872,07696.564.18$26,734
Jun 20141944,20698.164.74$38,966
May 201404,08294.734.73$19,294
Apr 20141914,45795.944.81$39,759
Mar 20141904,57495.895.06$41,349
Feb 20141923,77897.406.19$42,094
Jan 20141925,14790.404.86$42,375
Dec 20131943,98991.824.35$35,183
Nov 20131884,13788.853.74$32,169
Oct 20131824,46397.423.78$34,598
Sep 20131924,475104.113.72$36,626
Aug 20131924,786104.253.52$36,875
Jul 20131765,029102.523.72$36,740
Jun 20131904,63494.403.93$36,163
May 20131935,11094.834.15$39,504
Apr 20133855,77793.964.28$60,915
Mar 20131975,10593.623.91$38,418
Feb 20131944,76491.233.42$33,991
Jan 20131965,17391.603.42$35,645
Dec 20123797,15786.773.42$57,364
Nov 20121844,57786.953.62$32,590
Oct 20121844,72689.383.40$32,513
Sep 20121935,04494.672.92$32,992
Aug 20121884,72692.662.91$31,164
Jul 20121815,04985.133.02$30,661
Jun 20121924,66179.822.52$27,067
May 20121875,08391.612.49$29,779
Apr 20121935,362101.652.00$30,325
Mar 20121944,949105.052.22$31,377
Feb 20121845,322101.102.57$32,281
Jan 20123915,06198.092.73$52,190
Dec 20111974,97896.873.24$35,211
Nov 20111974,64895.723.31$34,248
Oct 20111945,46184.983.65$36,411
Sep 20111925,40083.623.99$37,578
Aug 20111925,66383.404.15$39,510
Jul 20111905,26694.144.52$41,674
Jun 20111925,09392.904.64$41,468
May 20111945,42598.134.40$42,933
Apr 20111945,404105.964.33$43,973
Mar 20113885,58796.364.06$60,056
Feb 201105,13285.644.18$21,452
Jan 20113925,70886.504.59$60,101
Dec 20101965,75185.734.35$41,807
Nov 20101945,31780.843.80$35,863
Oct 20101935,67278.103.51$34,976
Sep 20101935,68972.633.98$36,657
Aug 20103835,87273.684.42$54,170
Jul 20101925,93072.554.74$42,017
Jun 20101935,71570.364.91$41,642
May 20101946,08671.124.24$39,573
Apr 20101955,87281.694.12$40,138
Mar 20101955,83378.394.39$40,885
Feb 20103915,25773.585.44$57,380
Jan 20101965,71474.365.96$48,653
Dec 20091916,42271.445.48$48,862
Nov 20091946,10574.593.75$37,373
Oct 20093826,39072.544.11$53,975
Sep 20091936,20265.543.06$31,657
Aug 20093827,00267.423.22$48,290
Jul 20091917,22861.133.46$36,717
Jun 20091886,64266.163.90$38,309
May 20093876,53154.743.93$46,823
Apr 20091965,76646.773.59$29,852
Mar 20091936,34742.144.06$33,895
Feb 20091985,78732.814.63$33,308
Jan 20093986,96035.865.37$51,654
Dec 20083976,82537.105.98$55,523
Nov 20081957,16255.496.86$59,954
Oct 20083847,61475.246.92$81,596
Sep 20081946,861101.767.88$73,786
Aug 20081977,728114.228.48$88,058
Jul 20083848,107131.0811.39$142,669
Jun 20083877,481131.3313.03$148,322
May 20081967,070123.1711.57$105,972
Apr 20083917,259110.3110.45$119,023
Mar 20081966,649101.909.66$84,229
Feb 20081966,17392.538.77$72,277
Jan 20083947,89790.388.21$100,410
Dec 20073937,00888.337.30$85,886
Nov 20071947,34691.677.29$71,349
Oct 20073878,34182.856.92$89,799
Sep 20071947,77175.846.24$63,236
Aug 20073857,86569.066.39$76,829
Jul 20071968,28570.906.39$66,820
Jun 20073756,93062.007.55$75,561
May 20071936,38158.747.85$61,404
Apr 20073938,49659.617.81$89,740
Mar 20073998,09256.927.30$81,799
Feb 20074007,09955.108.22$80,365
Jan 20073787,97350.306.73$72,647
Dec 20061818,02756.656.92$65,788
Nov 20063778,23654.207.62$83,171
Oct 20063878,92954.906.01$74,944
Sep 20061887,39260.085.04$48,530
Aug 20063698,94868.717.34$91,032
Jul 20063799,73569.376.34$88,038
Jun 20061917,45466.286.38$60,245
May 20061787,81366.016.42$61,948
Apr 20065507,86164.397.36$93,275
Mar 20061808,05156.707.08$67,231
Feb 20063838,15357.597.75$85,252
Jan 20063799,67060.598.93$109,349
Dec 20053789,73054.9413.42$151,299
Nov 20051827,84654.6910.59$93,030
Oct 20055309,26258.3413.80$158,697
Sep 20051587,31161.4512.08$98,019
Aug 20053568,76261.519.80$107,737
Jul 20053598,68755.697.84$88,130
Jun 20055428,77652.337.38$93,139
May 20051819,57545.226.65$71,870
Apr 20053578,67649.207.36$81,424
Mar 20053767,72450.377.15$74,203
Feb 20051704,63945.226.31$36,968
Jan 20055659,31043.166.32$83,245
Dec 20043699,27139.866.75$77,298
Nov 20043338,24545.286.33$67,273
Oct 20043497,58249.706.52$66,743
Sep 20041777,67143.245.28$48,186
Aug 20043688,37542.375.55$62,079
Jul 20045269,35938.286.08$77,077
Jun 20043478,63236.106.43$68,057
May 20043619,08137.486.49$72,508
Apr 20043688,87034.475.86$64,650
Mar 20045459,60434.365.53$71,838
Feb 20043729,29132.455.51$63,261
Jan 200455610,30032.036.30$82,695
Dec 200337410,96330.266.30$80,402
Nov 200336810,45728.804.60$58,650
Oct 20033609,41328.174.76$54,944
Sep 20033658,36226.314.75$49,317
Aug 20033638,40329.765.13$53,908
Jul 20033719,44729.415.17$59,760
Jun 20035418,64028.565.98$67,144
May 20033619,30126.595.97$65,151
Apr 20031789,32026.675.41$55,143
Mar 20035639,72931.146.10$76,840
Feb 20033738,73633.487.93$81,729
Jan 200355016,48630.315.58$108,696
Dec 200236310,54126.914.85$60,932
Nov 200236810,36624.664.14$51,959
Oct 200236410,81426.464.23$55,365
Sep 200253211,50427.443.64$56,417
Aug 200236811,10725.963.16$44,698
Jul 200235811,38624.583.06$43,661
Jun 200255013,12323.733.34$56,859
May 200254213,03024.663.58$60,065
Apr 200236311,90323.653.51$50,392
Mar 20021786,08522.003.10$22,796
Feb 20025269,71218.222.38$32,656
Jan 200254911,54017.172.38$36,842
Dec 200154212,45916.932.36$38,634
Nov 200153512,18718.072.41$38,984
Oct 200154212,99619.782.53$43,586
Sep 200154612,95624.262.25$42,414
Aug 200190113,70824.873.05$64,261
Jul 200153515,22323.933.20$61,472
Jun 200154015,08024.563.82$70,931
May 200154217,45125.524.31$88,999
Apr 200190817,82524.685.34$117,512
Mar 200154919,17224.545.38$116,550
Feb 200173218,21127.755.77$125,337
Jan 200191219,21127.478.40$186,401
Dec 20001,09021,34426.889.12$224,010
Nov 20001,11427,50832.215.66$191,522
Oct 200074016,99131.235.15$110,537
Sep 200001,09931.875.19$5,700
Aug 20003574,53329.644.54$31,165
Jul 20001829,48128.534.09$43,967
Jun 20003569,19929.304.40$50,881
May 200035915,39827.263.68$66,447
Apr 20001828,66624.513.12$31,464
Mar 200054410,77928.422.86$46,286
Feb 200036512,15427.622.73$43,219
Jan 200072313,21225.272.48$51,043
Dec 199954614,26724.282.42$47,836
Nov 199935824,05023.192.43$66,839
Oct 199974719,53020.982.80$70,429
Sep 199972620,27921.752.62$68,898
Aug 19991,07021,44319.262.88$82,270
Jul 199953218,16917.892.37$52,621
Jun 19991,07219,09115.942.36$62,183
May 199954020,41215.792.32$55,903
Apr 199989418,94715.102.21$55,335
Mar 199990531,13812.471.84$68,527
Feb 199954218,2759.981.82$38,629
Jan 199991921,94210.381.90$51,228
Dec 199891922,6899.201.77$48,690
Nov 199892122,42110.892.19$59,036
Oct 199890723,43412.421.97$57,411
Sep 199889323,65212.592.08$60,501
Aug 199889424,86011.301.91$57,519
Jul 199888226,29311.742.24$69,179
Jun 199889226,57411.242.24$69,479
May 19981,08728,67512.622.21$76,985
Apr 199890028,81213.042.51$83,920
Mar 19981,26731,25212.802.31$88,392
Feb 199890428,54313.952.30$78,235
Jan 19981,44632,72514.702.15$91,772
Dec 19971,27832,14516.322.41$98,362
Nov 19971,27132,29618.193.09$122,858
Oct 19971,79035,32319.253.15$145,719
Sep 19971,25438,36717.742.95$135,616
Aug 19971,96439,63717.862.55$136,339
Jul 19971,61841,09717.582.25$120,787
Jun 19971,43826,87417.242.26$85,451
May 19972,13730,89218.972.31$111,853
Apr 19972,51135,01417.882.08$117,823
Mar 19971,28515,40518.951.94$54,223
Feb 19973666,36220.492.21$21,533
Jan 19973776,20623.483.54$30,819
Dec 19967389,30923.32$17,210
Nov 199690813,32321.97$19,949
Oct 19961,10515,86623.31$25,758
Sep 19961,25716,53222.22$27,931
Aug 19962,34828,95420.26$47,570
Jul 19962,13429,56119.55$41,720
Jun 19962,49529,77618.73$46,731
May 19962,54033,93719.43$49,352
Apr 19962,88034,41621.51$61,949
Mar 19963,25368,90919.38$63,043
Feb 19963,44376,42016.98$58,462
Jan 19963,28896,00117.07$56,126
Dec 19954,20093,15617.19$72,198
Nov 19954,34672,08816.00$69,536
Oct 19954,31782,22815.43$66,611
Sep 19954,36681,15116.18$70,642
Aug 19955,23083,47515.92$83,262
Jul 19955,73789,05815.24$87,432
Jun 19956,08393,76016.41$99,822
May 19956,879106,05017.56$120,795
Apr 19959,169135,31717.73$162,566
Mar 199513,829170,67816.44$227,349
Feb 19958,68577,27516.58$143,997

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                3,535 Mcf  × $  3.05 =    $10,767

────────────────────────────────────────────────────
Month total                                  $10,767

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/154498 is the state's own key, not one this site invented.