MINERAL SPRINGS

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 154723District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.0 M
May 1995 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
373
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 Gas111995-08-04132247
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
CondensateDisposition308,249 bbl$7,173,514
GasProduction2,165,100 Mcf$2,865,188
Total$10,038,703

1,351,754 Mcf of this lease's gas, across 20 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 30.5769, -96.1390. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.57689, -96.13897 · 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
15,598 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 15,598 ft.

Completions filed
May 1995
1 of 1 wells

1 well

42-185304901H15,598 ftMay 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 (373)

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

373 months

May 2026019106.413.05$58
Apr 20260298.932.87$6
Mar 2026025789.753.15$809
Feb 20260063.503.75$0
Jan 202609559.138.00$760
Dec 20254056.664.41$227
Nov 202508958.593.93$349
Oct 20250059.383.30$0
Sep 202509462.743.08$289
Aug 202501763.933.01$51
Jul 2025010466.743.32$345
Jun 20250366.483.13$9
May 2025012960.553.23$417
Apr 202503362.363.54$117
Mar 2025015067.704.27$640
Feb 2025174070.884.34$12,333
Jan 2025013274.324.28$565
Dec 2024013968.993.12$434
Nov 2024011069.052.20$242
Oct 202406971.372.28$157
Sep 2024013869.612.36$326
Aug 20240575.632.06$10
Jul 202406479.932.15$137
Jun 2024017878.082.63$469
May 202405878.812.20$128
Apr 2024010384.451.66$171
Mar 202401080.301.55$15
Feb 202403276.091.78$57
Jan 202406273.023.30$204
Dec 2023017771.262.61$462
Nov 2023030277.892.81$848
Oct 202302185.443.09$65
Sep 202306489.042.74$175
Aug 202302380.522.67$61
Jul 202308774.852.64$230
Jun 202301268.962.26$27
May 202309370.622.23$207
Apr 202303978.122.24$87
Mar 202301672.852.39$38
Feb 202308375.112.47$205
Jan 2023022576.533.39$762
Dec 2022074076.415.73$4,240
Nov 202201385.005.65$73
Oct 202201087.185.86$59
Sep 202201184.888.16$90
Aug 202201294.529.13$110
Jul 20220103101.587.54$777
Jun 2022042115.097.98$335
May 2022072109.378.43$607
Apr 2022069104.226.84$472
Mar 202201108.885.08$5
Feb 202209191.054.86$442
Jan 202203081.844.54$136
Dec 2021013171.323.90$511
Nov 20210077.435.24$0
Oct 2021010679.795.71$606
Sep 202109069.865.35$482
Aug 2021013266.024.22$557
Jul 202109470.783.98$374
Jun 20210069.493.38$0
May 20210963.483.02$27
Apr 2021017560.362.76$483
Mar 202101261.302.72$33
Feb 202109657.805.55$533
Jan 202108850.412.81$247
Dec 2020010544.642.68$281
Nov 2020083138.772.71$2,249
Oct 2020029036.972.48$719
Sep 2020020137.091.99$400
Aug 2020014939.982.39$355
Jul 202006938.371.83$126
Jun 2020079334.901.69$1,340
May 2020071316.921.81$1,294
Apr 202010669014.751.80$2,809
Mar 2020094830.341.86$1,760
Feb 2020066749.881.98$1,321
Jan 2020071357.252.09$1,494
Dec 2019074059.012.30$1,705
Nov 2019179155.302.75$2,231
Oct 201919171353.472.42$11,937
Sep 2019062155.052.66$1,650
Aug 2019123053.112.30$583
Jul 2019071356.272.46$1,754
Jun 2019069052.782.49$1,719
May 2019071358.482.74$1,954
Apr 2019069062.632.75$1,898
Mar 2019082156.803.06$2,514
Feb 201919273650.852.79$11,818
Jan 2019071346.033.23$2,302
Dec 2018071346.594.19$2,984
Nov 2018069052.934.24$2,924
Oct 2018084261.443.40$2,861
Sep 201818889759.543.11$13,981
Aug 201801,06259.403.07$3,257
Jul 201801,15065.142.93$3,372
Jun 201818896160.183.08$14,271
May 2018071365.382.90$2,068
Apr 201801,10663.842.90$3,208
Mar 2018084461.222.79$2,352
Feb 201819364461.782.77$13,705
Jan 2018069662.874.01$2,790
Dec 2017069057.272.92$2,016
Nov 201701,02155.423.12$3,184
Oct 2017023049.292.98$686
Sep 2017062147.523.09$1,917
Aug 2017071345.373.00$2,142
Jul 2017071343.873.09$2,201
Jun 201717969042.493.09$9,736
May 2017071345.373.26$2,327
Apr 2017070547.933.21$2,264
Mar 201717388346.772.98$10,726
Feb 2017066050.452.95$1,949
Jan 2017076249.413.42$2,605
Dec 2016071348.763.72$2,654
Nov 201602442.492.64$63
Oct 2016074546.193.09$2,302
Sep 201617869041.553.10$9,535
Aug 2016077641.442.92$2,269
Jul 201601,09041.622.92$3,188
Jun 201601,09345.352.69$2,936
May 20161791,18342.521.99$9,966
Apr 201601,06936.561.99$2,128
Mar 201601,02533.011.79$1,839
Feb 201601,20626.472.06$2,489
Jan 201619657827.352.36$6,727
Dec 201501,19932.362.00$2,400
Nov 2015047038.792.17$1,019
Oct 201501,06243.552.43$2,577
Sep 20151911,38542.992.76$12,032
Aug 201501,59340.162.87$4,576
Jul 201501,85348.152.95$5,457
Jun 20151941,67056.152.88$15,707
May 201501,01855.212.96$3,009
Apr 2015085949.822.71$2,325
Mar 2015059242.892.93$1,737
Feb 201519438344.662.98$9,804
Jan 201501,16143.433.10$3,600
Dec 20141921,54954.693.59$16,064
Nov 2014084770.464.25$3,601
Oct 201418675978.303.90$17,525
Sep 201401,54986.164.05$6,266
Aug 201401,35589.394.04$5,468
Jul 20141711,44596.564.18$22,551
Jun 201401,82998.164.74$8,664
May 20141841,87894.734.73$26,307
Apr 201401,95295.944.81$9,387
Mar 20141871,72095.895.06$26,629
Feb 20141983,11397.406.19$38,561
Jan 20141993,87490.404.86$36,820
Dec 201305,33691.824.35$23,236
Nov 20131765,51288.853.74$36,243
Oct 20133826,27197.423.78$60,915
Sep 20131945,733104.113.72$41,511
Aug 201303,021104.253.52$10,642
Jul 201302,354102.523.72$8,752
Jun 201301594.403.93$59
May 20130094.834.15$0
Apr 201301,17893.964.28$5,045
Mar 20131962,81093.623.91$29,345
Feb 20131971,17791.233.42$21,998
Jan 201302,13091.603.42$7,284
Dec 20121992,01386.773.42$24,152
Nov 201202,08486.953.62$7,554
Oct 20121912,25989.383.40$24,751
Sep 20121892,65894.672.92$25,650
Aug 20121913,56792.662.91$28,071
Jul 20121933,72485.133.02$27,680
Jun 20123864,35279.822.52$41,773
May 20121935,83891.612.49$32,208
Apr 20125805,400101.652.00$69,740
Mar 20125725,612105.052.22$72,559
Feb 201201,027101.102.57$2,640
Jan 20121901,02298.092.73$21,431
Dec 20111961,79396.873.24$24,795
Nov 20113911,74095.723.31$43,188
Oct 20115864,92584.983.65$67,767
Sep 20115107,15183.623.99$71,149
Aug 20111,34613,11383.404.15$166,666
Jul 20112,28619,78894.144.52$304,591
Jun 20112,87315,44192.904.64$338,546
May 201116440398.134.40$17,868
Apr 20110251105.964.33$1,088
Mar 2011096696.364.06$3,919
Feb 20111962,33885.644.18$26,558
Jan 20111902,99186.504.59$30,160
Dec 20103823,83485.734.35$49,418
Nov 201002,91680.843.80$11,067
Oct 20103883,35178.103.51$42,061
Sep 20101904,08572.633.98$30,056
Aug 20101903,89673.684.42$31,217
Jul 20101973,86972.554.74$32,618
Jun 20101973,51270.364.91$31,106
May 20101873,92871.124.24$29,935
Apr 20103823,04781.694.12$43,767
Mar 20101933,18478.394.39$29,103
Feb 201001,68373.585.44$9,159
Jan 20101942,15274.365.96$27,261
Dec 20093892,30571.445.48$40,430
Nov 200902,06374.593.75$7,739
Oct 20091961,88972.544.11$21,982
Sep 200901,41865.543.06$4,346
Aug 2009068367.423.22$2,198
Jul 200926384261.133.46$18,994
Jun 20091981,76966.163.90$19,990
May 20092191,61154.743.93$18,312
Apr 20091941,89046.773.59$15,854
Mar 2009101,37942.144.06$6,019
Feb 20094061,11532.814.63$18,487
Jan 2009992835.865.37$5,307
Dec 20082121,27337.105.98$15,474
Nov 200820199355.496.86$17,966
Oct 20082111,73975.246.92$27,913
Sep 20085631,194101.767.88$66,696
Aug 20084093,262114.228.48$74,388
Jul 20087964,430131.0811.39$154,795
Jun 20083993,456131.3313.03$97,441
May 200801,121123.1711.57$12,975
Apr 2008071110.3110.45$742
Mar 2008094101.909.66$908
Feb 200809792.538.77$851
Jan 2008012290.388.21$1,001
Dec 2007017188.337.30$1,249
Nov 2007013891.677.29$1,006
Oct 2007015482.856.92$1,066
Sep 200709775.846.24$606
Aug 2007014569.066.39$926
Jul 2007014870.906.39$945
Jun 2007015362.007.55$1,155
May 2007015358.747.85$1,200
Apr 2007012259.617.81$952
Mar 2007012556.927.30$913
Feb 200709355.108.22$764
Jan 2007018550.306.73$1,244
Dec 2006015956.656.92$1,100
Nov 2006023654.207.62$1,798
Oct 2006015554.906.01$932
Sep 2006016660.085.04$836
Aug 2006011268.717.34$822
Jul 200616510369.376.34$12,099
Jun 2006538766.286.38$2,802
May 200619865366.016.42$17,266
Apr 200619994464.397.36$19,762
Mar 2006375156.707.08$5,489
Feb 200622450957.597.75$16,845
Jan 200601,10360.598.93$9,853
Dec 20052781,27354.9413.42$32,351
Nov 2005077654.6910.59$8,217
Oct 20054121,95258.3413.80$50,965
Sep 2005079761.4512.08$9,627
Aug 200519173361.519.80$18,929
Jul 200519257855.697.84$15,226
Jun 2005082652.337.38$6,097
May 2005041245.226.65$2,740
Apr 200520560749.207.36$14,554
Mar 2005295550.377.15$6,934
Feb 200520567445.226.31$13,524
Jan 20051991,29743.166.32$16,789
Dec 20042001,37839.866.75$17,275
Nov 200421,09345.286.33$7,010
Oct 20042111,18849.706.52$18,227
Sep 20042071,62443.245.28$17,532
Aug 20042021,68242.375.55$17,895
Jul 20042111,69538.286.08$18,390
Jun 20041951,72836.106.43$18,156
May 20044091,67937.486.49$26,234
Apr 200401,48434.475.86$8,694
Mar 20041911,33634.365.53$13,951
Feb 20042001,45332.455.51$14,495
Jan 20041861,74632.036.30$16,957
Dec 20032021,58130.266.30$16,075
Nov 20032001,93428.804.60$14,647
Oct 20033941,74528.174.76$19,405
Sep 20031981,41826.314.75$11,944
Aug 20031861,41229.765.13$12,779
Jul 20032021,62229.415.17$14,328
Jun 2003073928.565.98$4,421
May 20031851,46826.595.97$13,687
Apr 20031821,79126.675.41$14,538
Mar 20031861,80831.146.10$16,814
Feb 20031861,60533.487.93$18,948
Jan 20033591,65730.315.58$20,131
Dec 20021791,85426.914.85$13,816
Nov 20021851,23524.664.14$9,671
Oct 20021772,04826.464.23$13,345
Sep 20023622,58427.443.64$19,327
Aug 20021792,05725.963.16$11,156
Jul 20021772,25624.583.06$11,258
Jun 20023552,81623.733.34$17,825
May 20023582,47724.663.58$17,706
Apr 20021782,27923.653.51$12,214
Mar 20023582,49022.003.10$15,602
Feb 20021842,16718.222.38$8,501
Jan 20023632,00417.172.38$10,994
Dec 20011792,08316.932.36$7,956
Nov 20011801,68518.072.41$7,306
Oct 20013621,97319.782.53$12,150
Sep 20013581,78824.262.25$12,710
Aug 20013601,55624.873.05$13,704
Jul 20011793,52723.933.20$15,560
Jun 20013562,77624.563.82$19,359
May 20013612,48425.524.31$19,912
Apr 20013653,16824.685.34$25,910
Mar 20015502,47324.545.38$26,793
Feb 20011782,03027.755.77$16,647
Jan 20017171,65627.478.40$33,604
Dec 20002192,42126.889.12$27,972
Nov 20003704,47032.215.66$37,209
Oct 20007076,47331.235.15$55,386
Sep 20007193,78431.875.19$42,540
Aug 20003671,46029.644.54$17,507
Jul 20003412,91128.534.09$21,634
Jun 20005232,30929.304.40$25,477
May 20003551,62927.263.68$15,672
Apr 20003403,16624.513.12$18,199
Mar 20005452,55028.422.86$22,781
Feb 20005163,66127.622.73$24,234
Jan 20003663,25425.272.48$17,320
Dec 19995343,43424.282.42$21,289
Nov 19995454,24023.192.43$22,959
Oct 19995333,92220.982.80$22,178
Sep 19997043,93521.752.62$25,617
Aug 19995174,27319.262.88$22,245
Jul 19997004,30217.892.37$22,729
Jun 19997045,11815.942.36$23,311
May 19997045,43115.792.32$23,722
Apr 19995405,11215.102.21$19,442
Mar 19997235,96712.471.84$19,985
Feb 19995293,8769.981.82$12,325
Jan 19998945,68010.381.90$20,071
Dec 19989045,4169.201.77$17,921
Nov 19985266,45010.892.19$19,826
Oct 19987006,78412.421.97$22,053
Sep 19988936,92712.592.08$25,669
Aug 19988797,47711.301.91$24,194
Jul 19988887,60811.742.24$27,446
Jun 19988737,49111.242.24$26,572
May 19981,0748,18912.622.21$31,622
Apr 19981,0879,09813.042.51$36,968
Mar 19981,0769,22312.802.31$35,073
Feb 19981,27310,37513.952.30$41,612
Jan 19981,2389,39814.702.15$38,449
Dec 19971,27812,41316.322.41$50,786
Nov 19971,9479,29718.193.09$64,127
Oct 19971,42217,48219.253.15$82,439
Sep 19977248,89117.742.95$39,116
Aug 19971,71916,51917.862.55$72,903
Jul 19971,51318,01717.582.25$67,082
Jun 19971,85619,30017.242.26$75,561
May 19972,09920,79518.972.31$87,823
Apr 19971,91418,70617.882.08$73,183
Mar 19972,53121,21918.951.94$89,109
Feb 19972,09122,20820.492.21$91,833
Jan 19972,87127,59023.483.54$165,071
Dec 19962,57028,60523.32$59,932
Nov 19963,07131,60621.97$67,470
Oct 19963,45537,05523.31$80,536
Sep 19964,36642,03422.22$97,013
Aug 19963,80727,41220.26$77,130
Jul 19964,59626,25919.55$89,852
Jun 19964,88026,77918.73$91,402
May 19965,46042,55219.43$106,088
Apr 19965,33241,64221.51$114,691
Mar 19967,33256,54819.38$142,094
Feb 19966,55752,73816.98$111,338
Jan 19967,74052,61117.07$132,122
Dec 19959,51562,88117.19$163,563
Nov 199510,51369,21616.00$168,208
Oct 199512,77180,32215.43$197,057
Sep 199516,05392,14016.18$259,738
Aug 199519,198121,78915.92$305,632
Jul 199528,782151,25515.24$438,638
Jun 199539,725194,80216.41$651,887
May 199527,802113,50817.56$488,203

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                   19 Mcf  × $  3.05 =        $58

────────────────────────────────────────────────────
Month total                                      $58

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/154723 is the state's own key, not one this site invented.