BAY

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 155684District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.8 M
Jul 1995 – May 2026
Value, last 12 filed months
$134 k
at the published price for each month
Months reported
371
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 Gas111995-11-10132832
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
CondensateDisposition2,206 bbl$51,363
GasProduction5,522,536 Mcf$11,760,913
Total$11,812,276

2,518,443 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 30.4948, -96.0295. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.49478, -96.02949 · 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
12,957 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 12,957 ft.

Completions filed
Jul 1995
1 of 1 wells

1 well

42-185305181H12,957 ftJul 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 (371)

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

371 months

May 202601,412106.413.05$4,301
Apr 202602,75098.932.87$7,892
Mar 202602,79889.753.15$8,812
Feb 202612,82863.503.75$10,669
Jan 202603,15759.138.00$25,249
Dec 202503,13056.664.41$13,814
Nov 202513,07458.593.93$12,128
Oct 202503,21059.383.30$10,609
Sep 202503,19462.743.08$9,828
Aug 202503,27263.933.01$9,864
Jul 202503,31266.743.32$10,980
Jun 202503,30866.483.13$10,350
May 202503,64660.553.23$11,785
Apr 202502,76162.363.54$9,783
Mar 202503,87867.704.27$16,553
Feb 202504,84870.884.34$21,044
Jan 2025019674.324.28$839
Dec 202401,80168.993.12$5,622
Nov 202403,15569.052.20$6,936
Oct 202403,42171.372.28$7,805
Sep 202403,37169.612.36$7,970
Aug 202403,75275.632.06$7,743
Jul 202402,88379.932.15$6,189
Jun 202403,51378.082.63$9,253
May 202404,03778.812.20$8,875
Apr 2024091384.451.66$1,515
Mar 202403,39680.301.55$5,247
Feb 202403,05276.091.78$5,444
Jan 202403,63973.023.30$12,000
Dec 202303,54571.262.61$9,255
Nov 202303,55877.892.81$9,989
Oct 202303,69385.443.09$11,401
Sep 202303,59989.042.74$9,843
Aug 202303,54980.522.67$9,486
Jul 202303,47074.852.64$9,167
Jun 202303,26668.962.26$7,376
May 202303,45370.622.23$7,691
Apr 202303,60978.122.24$8,076
Mar 202303,76572.852.39$9,010
Feb 202303,46075.112.47$8,531
Jan 202303,93376.533.39$13,324
Dec 202204,15176.415.73$23,781
Nov 202203,48485.005.65$19,671
Oct 202203,19487.185.86$18,729
Sep 202203,02584.888.16$24,695
Aug 202203,09494.529.13$28,239
Jul 202203,117101.587.54$23,509
Jun 202203,116115.097.98$24,857
May 202203,178109.378.43$26,800
Apr 202203,110104.226.84$21,265
Mar 202203,240108.885.08$16,448
Feb 202202,94891.054.86$14,324
Jan 202203,26381.844.54$14,806
Dec 202103,30471.323.90$12,883
Nov 202103,20477.435.24$16,779
Oct 202103,28479.795.71$18,764
Sep 202103,56969.865.35$19,097
Aug 202102,71166.024.22$11,442
Jul 202103,19170.783.98$12,707
Jun 202103,42369.493.38$11,572
May 202103,89963.483.02$11,766
Apr 202103,06160.362.76$8,444
Mar 202103,89061.302.72$10,569
Feb 202103,01057.805.55$16,699
Jan 202103,72950.412.81$10,480
Dec 202003,56244.642.68$9,530
Nov 202003,62838.772.71$9,819
Oct 202003,67136.972.48$9,098
Sep 202003,55037.091.99$7,068
Aug 202004,29639.982.39$10,246
Jul 202003,14238.371.83$5,735
Jun 202003,39434.901.69$5,737
May 202003,67416.921.81$6,667
Apr 202003,55914.751.80$6,422
Mar 202003,78530.341.86$7,026
Feb 202003,48149.881.98$6,895
Jan 202003,71957.252.09$7,790
Dec 201903,99159.012.30$9,197
Nov 201903,72255.302.75$10,238
Oct 201903,95853.472.42$9,573
Sep 201903,73455.052.66$9,922
Aug 201904,20353.112.30$9,685
Jul 201904,12056.272.46$10,135
Jun 201904,31252.782.49$10,742
May 201902,72058.482.74$7,454
Apr 201907,64462.632.75$21,026
Mar 201903,77756.803.06$11,566
Feb 201901,90750.852.79$5,325
Jan 201902,27046.033.23$7,328
Dec 201803,18046.594.19$13,310
Nov 201804,23152.934.24$17,928
Oct 201804,42061.443.40$15,020
Sep 201804,34159.543.11$13,492
Aug 201804,56559.403.07$13,999
Jul 201804,81965.142.93$14,129
Jun 201804,81360.183.08$14,809
May 201805,02265.382.90$14,568
Apr 201805,70463.842.90$16,546
Mar 201807,89761.222.79$22,008
Feb 201802,02361.782.77$5,596
Jan 201801,74562.874.01$6,996
Dec 201701,54657.272.92$4,517
Nov 201702,83855.423.12$8,850
Oct 201703,65849.292.98$10,914
Sep 201705,15947.523.09$15,927
Aug 201702,67645.373.00$8,040
Jul 201705,25243.873.09$16,214
Jun 201702,88442.493.09$8,904
May 201703,14545.373.26$10,263
Apr 201704,36047.933.21$14,003
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 201604,91441.622.92$14,370
Jun 201604,58745.352.69$12,320
May 201605,28242.521.99$10,517
Apr 201604,80636.561.99$9,569
Mar 201605,00833.011.79$8,984
Feb 201604,53026.472.06$9,348
Jan 201604,92727.352.36$11,649
Dec 201505,12932.362.00$10,265
Nov 201504,95238.792.17$10,733
Oct 201505,21743.552.43$12,659
Sep 201505,81542.992.76$16,040
Aug 201504,43540.162.87$12,739
Jul 201504,41248.152.95$12,994
Jun 201501,24956.152.88$3,601
May 201504,78955.212.96$14,154
Apr 201504,58449.822.71$12,407
Mar 201504,97542.892.93$14,600
Feb 201504,78144.662.98$14,229
Jan 201505,41643.433.10$16,793
Dec 201404,12354.693.59$14,807
Nov 201404,91970.464.25$20,915
Oct 201404,20078.303.90$16,384
Sep 201404,93586.164.05$19,964
Aug 201405,03489.394.04$20,313
Jul 201405,57996.564.18$23,318
Jun 201404,99798.164.74$23,670
May 201404,38994.734.73$20,745
Apr 201405,00195.944.81$24,050
Mar 201404,36595.895.06$22,073
Feb 201404,03597.406.19$24,985
Jan 201404,25490.404.86$20,678
Dec 201304,95591.824.35$21,576
Nov 201304,16388.853.74$15,562
Oct 201304,50597.423.78$17,026
Sep 201304,445104.113.72$16,525
Aug 201305,109104.253.52$17,997
Jul 201306,804102.523.72$25,296
Jun 201306,45294.403.93$25,378
May 201307,88294.834.15$32,703
Apr 201304,12993.964.28$17,683
Mar 201305,97393.623.91$23,372
Feb 201305,86391.233.42$20,051
Jan 201306,44691.603.42$22,045
Dec 201206,49986.773.42$22,228
Nov 201206,31886.953.62$22,903
Oct 201206,71289.383.40$22,819
Sep 201206,63494.672.92$19,361
Aug 201206,78792.662.91$19,738
Jul 201206,78285.133.02$20,487
Jun 201207,13579.822.52$17,973
May 201207,50391.612.49$18,670
Apr 201207,521101.652.00$15,018
Mar 201207,869105.052.22$17,486
Feb 201207,590101.102.57$19,508
Jan 201208,61098.092.73$23,540
Dec 2011010,61996.873.24$34,403
Nov 2011012,63095.723.31$41,821
Oct 2011010,49584.983.65$38,291
Sep 2011037183.623.99$1,479
Aug 201107383.404.15$303
Jul 20110094.144.52$0
Jun 201101,02792.904.64$4,765
May 201105,18798.134.40$22,848
Apr 201105,094105.964.33$22,074
Mar 201105,34696.364.06$21,691
Feb 201104,48685.644.18$18,751
Jan 201105,26186.504.59$24,142
Dec 201005,22085.734.35$22,695
Nov 201004,91680.843.80$18,658
Oct 201005,28778.103.51$18,552
Sep 201005,22372.633.98$20,785
Aug 201005,80373.684.42$25,646
Jul 201005,99772.554.74$28,405
Jun 201005,99270.364.91$29,423
May 201006,63571.124.24$28,101
Apr 201004,38181.694.12$18,062
Mar 201005,91878.394.39$25,972
Feb 201005,20373.585.44$28,317
Jan 201006,01574.365.96$35,874
Dec 200906,07371.445.48$33,303
Nov 200905,88474.593.75$22,074
Oct 200905,84972.544.11$24,041
Sep 200905,61465.543.06$17,206
Aug 200905,93167.423.22$19,089
Jul 2009396,12661.133.46$23,608
Jun 200906,03066.163.90$23,487
May 200906,28154.743.93$24,658
Apr 200905,96246.773.59$21,389
Mar 200906,12242.144.06$24,849
Feb 200905,72532.814.63$26,524
Jan 200906,32835.865.37$33,988
Dec 200806,61737.105.98$39,551
Nov 200806,35655.496.86$43,604
Oct 200806,66075.246.92$46,100
Sep 200805,009101.767.88$39,456
Aug 200805,701114.228.48$48,362
Jul 200806,517131.0811.39$74,225
Jun 200806,325131.3313.03$82,431
May 200816,450123.1711.57$74,777
Apr 2008676,060110.3110.45$70,747
Mar 200806,082101.909.66$58,777
Feb 200805,05992.538.77$44,370
Jan 200815,21490.388.21$42,875
Dec 200705,85188.337.30$42,724
Nov 200705,54291.677.29$40,411
Oct 200715,81082.856.92$40,300
Sep 200705,58675.846.24$34,880
Aug 200706,01269.066.39$38,404
Jul 200715,86970.906.39$37,562
Jun 200705,88462.007.55$44,415
May 200705,29358.747.85$41,530
Apr 200705,82059.617.81$45,426
Mar 2007456,63656.927.30$51,017
Feb 200705,96755.108.22$49,025
Jan 200706,26450.306.73$42,137
Dec 200626,74156.656.92$46,751
Nov 200606,56854.207.62$50,032
Oct 200606,81354.906.01$40,972
Sep 200676,92360.085.04$35,293
Aug 200606,87468.717.34$50,455
Jul 200607,17769.376.34$45,522
Jun 200616,44366.286.38$41,198
May 200606,73566.016.42$43,272
Apr 200606,90564.397.36$50,824
Mar 200627,54256.707.08$53,533
Feb 200626,84357.597.75$53,156
Jan 200608,50160.598.93$75,942
Dec 200507,97154.9413.42$106,934
Nov 200518,33354.6910.59$88,288
Oct 200509,03358.3413.80$124,617
Sep 200507,77461.4512.08$93,902
Aug 200508,25961.519.80$80,912
Jul 200508,81355.697.84$69,126
Jun 200508,24752.337.38$60,871
May 200528,70145.226.65$57,962
Apr 200508,49149.207.36$62,498
Mar 200508,73150.377.15$62,469
Feb 200508,19845.226.31$51,745
Jan 200509,10043.166.32$57,532
Dec 200409,01739.866.75$60,874
Nov 200419,08945.286.33$57,582
Oct 200429,55749.706.52$62,364
Sep 200409,08443.245.28$47,999
Aug 200409,29742.375.55$51,604
Jul 200429,69438.286.08$59,057
Jun 200408,85536.106.43$56,964
May 200409,38037.486.49$60,919
Apr 200409,49034.475.86$55,597
Mar 200409,97034.365.53$55,136
Feb 200409,25832.455.51$51,008
Jan 2004010,30132.036.30$64,893
Dec 2003010,41730.266.30$65,644
Nov 2003010,13228.804.60$46,558
Oct 200313810,71228.174.76$54,873
Sep 2003011,05126.314.75$52,485
Aug 2003011,07129.765.13$56,791
Jul 2003010,93329.415.17$56,533
Jun 2003010,83028.565.98$64,795
May 2003011,08726.595.97$66,219
Apr 2003010,94426.675.41$59,177
Mar 2003011,24331.146.10$68,538
Feb 2003010,28833.487.93$81,541
Jan 2003011,36030.315.58$63,412
Dec 2002011,59426.914.85$56,274
Nov 2002012,13424.664.14$50,198
Oct 2002013,08226.464.23$55,325
Sep 2002013,35427.443.64$48,544
Aug 2002014,72925.963.16$46,605
Jul 200204,86524.583.06$14,895
Jun 2002010,38023.733.34$34,651
May 2002013,07324.663.58$46,854
Apr 2002012,81323.653.51$45,003
Mar 2002013,80622.003.10$42,836
Feb 2002012,04018.222.38$28,603
Jan 2002014,63717.172.38$34,773
Dec 2001011,89716.932.36$28,129
Nov 2001013,75118.072.41$33,078
Oct 2001014,69719.782.53$37,167
Sep 2001014,61624.262.25$32,905
Aug 2001015,82624.873.05$48,319
Jul 2001014,73923.933.20$47,122
Jun 2001014,57224.563.82$55,726
May 2001015,91225.524.31$68,538
Apr 2001015,79224.685.34$84,255
Mar 2001016,96024.545.38$91,184
Feb 2001017,12227.755.77$98,744
Jan 2001022,75227.478.40$191,089
Dec 2000031,82226.889.12$290,296
Nov 200009,56832.215.66$54,136
Oct 20000031.235.15$0
Sep 2000364,67631.875.19$25,399
Aug 2000012,71729.644.54$57,745
Jul 2000012,64528.534.09$51,715
Jun 2000012,78229.304.40$56,206
May 2000013,20127.263.68$48,576
Apr 2000017,98324.513.12$56,035
Mar 200003,46228.422.86$9,900
Feb 200010013,61827.622.73$39,891
Jan 2000015,75325.272.48$39,075
Dec 1999014,72624.282.42$35,692
Nov 1999013,83823.192.43$33,682
Oct 1999011,89420.982.80$33,347
Sep 1999018,75721.752.62$49,122
Aug 1999010,00519.262.88$28,770
Jul 1999021,91317.892.37$51,986
Jun 1999015,41115.942.36$36,402
May 1999019,41915.792.32$45,072
Apr 1999018,76515.102.21$41,434
Mar 1999020,29712.471.84$37,313
Feb 1999519,7519.981.82$35,953
Jan 1999019,91510.381.90$37,838
Dec 19988624,4079.201.77$44,073
Nov 1998022,85210.892.19$49,948
Oct 1998026,98212.421.97$53,133
Sep 1998025,39312.592.08$52,884
Aug 199817226,73211.301.91$52,931
Jul 1998030,20611.742.24$67,579
Jun 1998031,42611.242.24$70,308
May 1998032,83812.622.21$72,452
Apr 1998030,91813.042.51$77,460
Mar 1998038,80112.802.31$89,609
Feb 1998041,40913.952.30$95,205
Jan 1998021,53814.702.15$46,410
Dec 1997036,08516.322.41$87,005
Nov 1997037,56118.193.09$115,998
Oct 1997038,96919.253.15$122,745
Sep 1997041,23417.742.95$121,842
Aug 19977040,54117.862.55$104,822
Jul 1997043,12317.582.25$96,895
Jun 1997125,83917.242.26$58,341
May 1997334,14418.972.31$78,878
Apr 19979763,02017.882.08$132,991
Mar 1997544,29018.951.94$85,979
Feb 1997049,04320.492.21$108,184
Jan 1997055,99323.483.54$198,198
Dec 1996964,80823.32$210
Nov 199610269,82921.97$2,241
Oct 1996074,14623.31$0
Sep 1996650,36022.22$133
Aug 1996082,99820.26$0
Jul 199616691,62819.55$3,245
Jun 1996297,56418.73$37
May 19961190,80819.43$214
Apr 1996190110,95321.51$4,087
Mar 19962130,21519.38$39
Feb 19962111,13916.98$34
Jan 1996189173,95717.07$3,226
Dec 19950194,18017.19$0
Nov 1995188217,96116.00$3,008
Oct 19955217,54315.43$77
Sep 1995200247,12316.18$3,236
Aug 1995193212,12815.92$3,073
Jul 199549281,10315.24$747

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                1,412 Mcf  × $  3.05 =     $4,301

────────────────────────────────────────────────────
Month total                                   $4,301

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/155684 is the state's own key, not one this site invented.