SHIPNES 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 156222District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.1 M
May 1995 – May 2026
Value, last 12 filed months
$0
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 Gas221995-12-14 – 2013-03-082 dockets
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
CondensateDisposition14,573 bbl$483,555
GasProduction2,083,168 Mcf$6,571,352
Total$7,054,907

987,342 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 30.3249, -96.3168. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.32486, -96.31680 · 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
13,290 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 13,290 ft.

Completions filed
Feb 2005
1 of 1 wells

1 well

42-477307761RE13,290 ftFeb 2005

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 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 20150038.792.17$0
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 2014132194.734.73$12,509
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 2014028090.404.86$1,361
Dec 2013076291.824.35$3,318
Nov 2013087488.853.74$3,267
Oct 2013049097.423.78$1,852
Sep 20130796104.113.72$2,959
Aug 201301,298104.253.52$4,572
Jul 20130813102.523.72$3,023
Jun 2013030394.403.93$1,192
May 2013032494.834.15$1,344
Apr 2013094393.964.28$4,038
Mar 201302,77493.623.91$10,854
Feb 201301,51091.233.42$5,164
Jan 201301,75591.603.42$6,002
Dec 201201,16486.773.42$3,981
Nov 201201,50286.953.62$5,445
Oct 201201,90289.383.40$6,466
Sep 2012030394.672.92$884
Aug 2012089992.662.91$2,614
Jul 201201,10985.133.02$3,350
Jun 201201,77679.822.52$4,474
May 201202,34091.612.49$5,823
Apr 201201,625101.652.00$3,245
Mar 201203,678105.052.22$8,173
Feb 20121922,210101.102.57$25,091
Jan 201202,22198.092.73$6,072
Dec 201102,38896.873.24$7,737
Nov 201102,03095.723.31$6,722
Oct 201101,91184.983.65$6,972
Sep 201102,07283.623.99$8,259
Aug 201101,46083.404.15$6,058
Jul 201101,73894.144.52$7,851
Jun 201102,05792.904.64$9,544
May 201101,82698.134.40$8,043
Apr 201102,752105.964.33$11,925
Mar 2011084796.364.06$3,437
Feb 201101,22285.644.18$5,108
Jan 201108,42186.504.59$38,642
Dec 20101621,33885.734.35$19,706
Nov 201001,78780.843.80$6,782
Oct 201001,79578.103.51$6,298
Sep 201002,00072.633.98$7,959
Aug 201002,68073.684.42$11,844
Jul 201002,12072.554.74$10,041
Jun 201002,75270.364.91$13,513
May 201002,67071.124.24$11,308
Apr 201003,80181.694.12$15,670
Mar 201004,36578.394.39$19,157
Feb 201002,12373.585.44$11,554
Jan 201001,32074.365.96$7,873
Dec 20091952,49371.445.48$27,602
Nov 200902,73874.593.75$10,272
Oct 200902,49672.544.11$10,259
Sep 200901,28965.543.06$3,950
Aug 200902,53767.423.22$8,165
Jul 200901,90461.133.46$6,596
Jun 200902,50666.163.90$9,761
May 200903,22954.743.93$12,676
Apr 200903,76146.773.59$13,493
Mar 200903,48042.144.06$14,125
Feb 200903,68032.814.63$17,049
Jan 200904,49935.865.37$24,164
Dec 20081964,17137.105.98$32,202
Nov 200805,00055.496.86$34,302
Oct 200805,53775.246.92$38,327
Sep 200801,684101.767.88$13,265
Aug 200803,327114.228.48$28,223
Jul 200804,018131.0811.39$45,763
Jun 200803,181131.3313.03$41,457
May 200803,471123.1711.57$40,174
Apr 200803,946110.3110.45$41,255
Mar 200803,901101.909.66$37,700
Feb 200804,03292.538.77$35,363
Jan 20081974,28190.388.21$52,934
Dec 200703,70588.337.30$27,054
Nov 200703,94191.677.29$28,737
Oct 200704,53182.856.92$31,363
Sep 200705,48275.846.24$34,230
Aug 200704,00069.066.39$25,552
Jul 200705,18170.906.39$33,096
Jun 200703,93862.007.55$29,726
May 200744,84758.747.85$38,266
Apr 20071955,50459.617.81$54,584
Mar 200705,33656.927.30$38,963
Feb 200706,33255.108.22$52,024
Jan 20072013,95650.306.73$36,722
Dec 200625,39356.656.92$37,424
Nov 200625,50654.207.62$42,050
Oct 200606,02154.906.01$36,209
Sep 20062006,15960.085.04$43,040
Aug 200606,66668.717.34$48,928
Jul 200648,20369.376.34$52,307
Jun 200669,35266.286.38$60,100
May 200620310,74966.016.42$82,462
Apr 200628,31464.397.36$61,324
Mar 200637,16356.707.08$50,905
Feb 20061997,99757.597.75$73,446
Jan 200639,49960.598.93$85,039
Dec 200520610,71254.9413.42$155,023
Nov 2005712,98654.6910.59$137,884
Oct 200519616,58458.3413.80$240,224
Sep 200519418,63361.4512.08$236,989
Aug 200520924,87361.519.80$256,532
Jul 200519427,65555.697.84$227,720
Jun 200519233,88952.337.38$260,183
May 200541242,43145.226.65$300,846
Apr 200542453,28449.207.36$413,057
Mar 200583976,26650.377.15$587,935
Feb 2005547100,19445.226.31$657,152
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 200403349.706.52$215
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 2004011238.286.08$681
Jun 2004081936.106.43$5,269
May 2004064137.486.49$4,163
Apr 2004067434.475.86$3,949
Mar 2004082834.365.53$4,579
Feb 2004083432.455.51$4,595
Jan 200401,32332.036.30$8,334
Dec 20031101,35730.266.30$11,880
Nov 200301,68828.804.60$7,757
Oct 2003094528.174.76$4,498
Sep 2003098526.314.75$4,678
Aug 200301,06529.765.13$5,463
Jul 200301,79329.415.17$9,271
Jun 200301,35528.565.98$8,107
May 200301,51626.595.97$9,055
Apr 200311,47726.675.41$8,013
Mar 200311,64031.146.10$10,029
Feb 200301,24233.487.93$9,844
Jan 2003060,02630.315.58$335,068
Dec 200201,71726.914.85$8,334
Nov 200201,63024.664.14$6,743
Oct 20021411,70526.464.23$10,942
Sep 200201,90127.443.64$6,911
Aug 200201,95425.963.16$6,183
Jul 200201,81524.583.06$5,557
Jun 200201,57623.733.34$5,261
May 200202,38224.663.58$8,537
Apr 200202,43723.653.51$8,560
Mar 200202,90722.003.10$9,020
Feb 200201,93618.222.38$4,599
Jan 200202,51317.172.38$5,970
Dec 20011912,72216.932.36$9,670
Nov 200102,93618.072.41$7,063
Oct 200104,69019.782.53$11,860
Sep 200101,20824.262.25$2,720
Aug 200102,59624.873.05$7,926
Jul 200102,39923.933.20$7,670
Jun 200101,88424.563.82$7,205
May 200102,57825.524.31$11,104
Apr 20011903,22924.685.34$21,917
Mar 200104,43324.545.38$23,834
Feb 200103,83727.755.77$22,128
Jan 200105,20627.478.40$43,724
Dec 200007,93726.889.12$72,405
Nov 200097,27232.215.66$41,435
Oct 2000065431.235.15$3,365
Sep 200001,16931.875.19$6,063
Aug 200001,95429.644.54$8,873
Jul 20001772,06428.534.09$13,491
Jun 200002,35329.304.40$10,347
May 200002,53327.263.68$9,321
Apr 200002,98324.513.12$9,295
Mar 200003,10828.422.86$8,888
Feb 200001,52827.622.73$4,166
Jan 2000085225.272.48$2,113
Dec 199901,31124.282.42$3,178
Nov 199901,10123.192.43$2,680
Oct 199901,66320.982.80$4,663
Sep 19991644,12221.752.62$14,362
Aug 199902,34519.262.88$6,743
Jul 1999078317.892.37$1,858
Jun 1999067615.942.36$1,597
May 1999096415.792.32$2,237
Apr 199901,60015.102.21$3,533
Mar 199902,31912.471.84$4,263
Feb 19990499.981.82$89
Jan 199901,59210.381.90$3,025
Dec 199802,2859.201.77$4,052
Nov 199802,72510.892.19$5,956
Oct 199803,50812.421.97$6,908
Sep 19981783,14312.592.08$8,787
Aug 199802,77411.301.91$5,291
Jul 199852,84311.742.24$6,419
Jun 199803,17511.242.24$7,103
May 19981782,51712.622.21$7,800
Apr 199803,57513.042.51$8,957
Mar 199803,93312.802.31$9,083
Feb 199803,87013.952.30$8,898
Jan 199804,33514.702.15$9,341
Dec 19971824,41516.322.41$13,615
Nov 199704,65418.193.09$14,373
Oct 199705,17819.253.15$16,310
Sep 19971778,21117.742.95$27,403
Aug 199708,37017.862.55$21,383
Jul 199718210,95017.582.25$27,804
Jun 199717815,63817.242.26$38,367
May 1997015,27818.972.31$35,269
Apr 199717916,53517.882.08$37,639
Mar 1997010,94418.951.94$21,222
Feb 199717117,30220.492.21$41,670
Jan 19971466,62223.483.54$26,868
Dec 199604,72123.32$0
Nov 199613210,40821.97$2,900
Oct 1996016,36723.31$0
Sep 199619216,74422.22$4,266
Aug 199618520,76020.26$3,748
Jul 199618318,58119.55$3,578
Jun 199621323,27418.73$3,989
May 199636927,70419.43$7,170
Apr 1996219,30421.51$43
Mar 199638828,56619.38$7,519
Feb 199620127,90516.98$3,413
Jan 199638232,48217.07$6,521
Dec 199536636,17517.19$6,292
Nov 199519442,15816.00$3,104
Oct 199553060,05015.43$8,178
Sep 199552175,12716.18$8,430
Aug 1995421131,75915.92$6,702
Jul 199552797,62515.24$8,031
Jun 19951,110177,39016.41$18,215
May 1995579120,24217.56$10,167

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 2014 — as filed, then multipliedworked
Condensate           132 bbl  × $ 94.73 =    $12,504
Gas                    1 Mcf  × $  4.73 =         $5

────────────────────────────────────────────────────
Month total                                  $12,509

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/156222 is the state's own key, not one this site invented.