GIANT 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 156223District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.0 M
Jun 1995 – May 2026
Value, last 12 filed months
$62
at the published price for each month
Months reported
372
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 Gas111995-12-14133060
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
CondensateDisposition140,590 bbl$3,354,099
GasProduction4,051,883 Mcf$8,670,953
Total$12,025,052

1,722,766 Mcf of this lease's gas, across 19 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 30.0510, -96.7218. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.05104, -96.72175 · 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
14,935 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 14,935 ft.

Completions filed
Jun 1995
1 of 1 wells

1 well

42-14932970114,935 ftJun 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 (372)

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

372 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 202601289.753.15$38
Feb 20260063.503.75$0
Jan 20260359.138.00$24
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 202518062.363.54$1,122
Mar 20250067.704.27$0
Feb 202566070.884.34$4,678
Jan 20254074.324.28$297
Dec 20240968.993.12$28
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20241935179.932.15$15,536
Jun 202401,44378.082.63$3,801
May 202411,59978.812.20$3,594
Apr 202401,80384.451.66$2,992
Mar 20241922,36680.301.55$19,073
Feb 202413,72776.091.78$6,724
Jan 20241974,08873.023.30$27,866
Dec 202334,02071.262.61$10,709
Nov 202301,28277.892.81$3,599
Oct 2023080385.443.09$2,479
Sep 2023091889.042.74$2,511
Aug 2023087180.522.67$2,328
Jul 2023096174.852.64$2,539
Jun 2023094668.962.26$2,137
May 2023096470.622.23$2,147
Apr 202319599778.122.24$17,464
Mar 202301,08272.852.39$2,589
Feb 202301,00175.112.47$2,468
Jan 202301,12776.533.39$3,818
Dec 202201,06976.415.73$6,124
Nov 2022099585.005.65$5,618
Oct 2022085787.185.86$5,025
Sep 2022082284.888.16$6,711
Aug 2022083094.529.13$7,576
Jul 20224834101.587.54$6,696
Jun 20220855115.097.98$6,821
May 20220638109.378.43$5,380
Apr 202201,070104.226.84$7,316
Mar 20220274108.885.08$1,391
Feb 2022061891.054.86$3,003
Jan 202222,50281.844.54$11,517
Dec 202112,12771.323.90$8,365
Nov 202111,24577.435.24$6,597
Oct 202101,23179.795.71$7,034
Sep 202111,26269.865.35$6,823
Aug 202101,22966.024.22$5,187
Jul 202101,13070.783.98$4,500
Jun 202111,68669.493.38$5,769
May 202101,98563.483.02$5,990
Apr 202102,15660.362.76$5,947
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 20204037.091.99$148
Aug 20201139.982.39$42
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 202026116.921.81$442
Apr 2020026514.751.80$478
Mar 2020070030.341.86$1,299
Feb 2020030449.881.98$602
Jan 2020062957.252.09$1,318
Dec 2019099859.012.30$2,300
Nov 201902,40255.302.75$6,607
Oct 20191591,86153.472.42$13,003
Sep 2019082455.052.66$2,190
Aug 2019034053.112.30$783
Jul 2019027656.272.46$679
Jun 2019197652.782.49$2,484
May 201901,81058.482.74$4,960
Apr 201901,98162.632.75$5,449
Mar 20191812,06056.803.06$16,589
Feb 201902,16550.852.79$6,045
Jan 201902,39246.033.23$7,722
Dec 201802,16346.594.19$9,053
Nov 201802,16252.934.24$9,161
Oct 20181612,57561.443.40$18,642
Sep 201802,29559.543.11$7,133
Aug 20181772,64459.403.07$18,622
Jul 201802,08365.142.93$6,107
Jun 201802,52160.183.08$7,757
May 20181672,82665.382.90$19,116
Apr 20181842,87463.842.90$20,083
Mar 201802,66161.222.79$7,416
Feb 201801,46461.782.77$4,050
Jan 2018031862.874.01$1,275
Dec 20171902,33657.272.92$17,706
Nov 201702,79255.423.12$8,706
Oct 201703,43049.292.98$10,234
Sep 201701,84247.523.09$5,687
Aug 20171322,73445.373.00$14,203
Jul 20171843,21743.873.09$18,004
Jun 201703,27042.493.09$10,095
May 201702,67845.373.26$8,739
Apr 20171923,80947.933.21$21,436
Mar 20171894,23146.772.98$21,463
Feb 201703,09050.452.95$9,124
Jan 201703,17049.413.42$10,838
Dec 201601,06848.763.72$3,976
Nov 2016050142.492.64$1,325
Oct 2016079946.193.09$2,469
Sep 2016061941.553.10$1,919
Aug 2016086041.442.92$2,515
Jul 2016073941.622.92$2,161
Jun 201601,01745.352.69$2,731
May 2016050442.521.99$1,003
Apr 2016064336.561.99$1,280
Mar 2016064733.011.79$1,161
Feb 2016066826.472.06$1,379
Jan 2016098727.352.36$2,334
Dec 20151941,21132.362.00$8,702
Nov 201501,38138.792.17$2,993
Oct 201502,67343.552.43$6,486
Sep 201501,82242.992.76$5,026
Aug 2015090840.162.87$2,608
Jul 201502,03748.152.95$5,999
Jun 20151842,28056.152.88$16,905
May 201502,13455.212.96$6,307
Apr 201501,91649.822.71$5,186
Mar 20151932,28042.892.93$14,969
Feb 201502,17844.662.98$6,482
Jan 201502,20143.433.10$6,824
Dec 20141962,33754.693.59$19,112
Nov 201402,24870.464.25$9,558
Oct 201402,53078.303.90$9,869
Sep 20141872,77086.164.05$27,318
Aug 201402,71089.394.04$10,935
Jul 201402,55596.564.18$10,679
Jun 20141922,19098.164.74$29,220
May 201402,81994.734.73$13,324
Apr 201401,75395.944.81$8,430
Mar 201401,90595.895.06$9,633
Feb 20141932,00897.406.19$31,232
Jan 201402,17090.404.86$10,548
Dec 201302,67091.824.35$11,626
Nov 20131872,10888.853.74$24,495
Oct 201302,59897.423.78$9,819
Sep 201302,471104.113.72$9,187
Aug 201302,543104.253.52$8,958
Jul 20131762,338102.523.72$26,736
Jun 201302,75394.403.93$10,829
May 201302,46694.834.15$10,232
Apr 20131892,48893.964.28$28,414
Mar 201302,72293.623.91$10,651
Feb 201302,15491.233.42$7,366
Jan 20131962,57591.603.42$26,760
Dec 201202,39186.773.42$8,178
Nov 201202,57486.953.62$9,331
Oct 20121782,63589.383.40$24,868
Sep 201202,33394.672.92$6,809
Aug 201202,96992.662.91$8,634
Jul 201202,06485.133.02$6,235
Jun 20121923,25479.822.52$23,522
May 201202,98291.612.49$7,420
Apr 20121873,153101.652.00$25,304
Mar 201203,371105.052.22$7,491
Feb 201203,187101.102.57$8,191
Jan 20121963,40698.092.73$28,538
Dec 201103,01296.873.24$9,758
Nov 201102,12095.723.31$7,020
Oct 20111943,72384.983.65$30,070
Sep 201103,71583.623.99$14,807
Aug 20111913,94483.404.15$32,294
Jul 201103,72594.144.52$16,827
Jun 20111913,58392.904.64$34,369
May 201163,00098.134.40$13,803
Apr 201101,844105.964.33$7,991
Mar 201102,67296.364.06$10,841
Feb 20111942,42985.644.18$26,767
Jan 201102,10986.504.59$9,678
Dec 201002,87585.734.35$12,500
Nov 20101952,66080.843.80$25,859
Oct 201003,46478.103.51$12,155
Sep 201003,22172.633.98$12,818
Aug 20101923,77873.684.42$30,843
Jul 201003,34972.554.74$15,863
Jun 201002,19870.364.91$10,793
May 20101913,27571.124.24$27,454
Apr 201003,91981.694.12$16,157
Mar 20101963,63878.394.39$31,330
Feb 201003,84773.585.44$20,937
Jan 20101953,64574.365.96$36,239
Dec 200903,03371.445.48$16,632
Nov 200902,76774.593.75$10,380
Oct 20091892,83372.544.11$25,354
Sep 200903,09165.543.06$9,473
Aug 200902,46767.423.22$7,940
Jul 20091923,08661.133.46$22,428
Jun 200903,14966.163.90$12,265
May 200903,47554.743.93$13,642
Apr 20091933,43146.773.59$21,335
Mar 200903,38942.144.06$13,756
Feb 20091982,79432.814.63$19,441
Jan 200903,23635.865.37$17,381
Dec 200803,48137.105.98$20,806
Nov 20081953,54755.496.86$35,154
Oct 200804,71975.246.92$32,665
Sep 20081954,290101.767.88$53,636
Aug 20081935,346114.228.48$67,395
Jul 200805,066131.0811.39$57,699
Jun 20081935,675131.3313.03$99,307
May 20081955,367123.1711.57$86,137
Apr 20081955,932110.3110.45$83,529
Mar 200804,890101.909.66$47,257
Feb 20081944,04492.538.77$53,419
Jan 200804,13890.388.21$33,955
Dec 20071966,11988.337.30$61,993
Nov 200705,89891.677.29$43,006
Oct 20071966,55282.856.92$61,591
Sep 20071925,79575.846.24$50,746
Aug 20071926,45869.066.39$54,513
Jul 200776,55470.906.39$42,363
Jun 20071955,94062.007.55$56,928
May 20071896,22958.747.85$59,976
Apr 20072045,75059.617.81$57,040
Mar 20072065,52156.927.30$52,040
Feb 200704,83955.108.22$39,757
Jan 20072034,93250.306.73$43,388
Dec 200654,29256.656.92$29,977
Nov 20061924,64254.207.62$45,767
Oct 2006123,33054.906.01$20,685
Sep 20061874,95860.085.04$36,209
Aug 200665,24468.717.34$38,903
Jul 20061835,08369.376.34$44,935
Jun 2006104,66866.286.38$30,463
May 20061873,51166.016.42$34,902
Apr 200653,58164.397.36$26,680
Mar 20061872,81756.707.08$30,555
Feb 20062007,35657.597.75$68,535
Jan 20061998,17360.598.93$85,069
Dec 20051827,88454.9413.42$115,766
Nov 20051856,87554.6910.59$82,913
Oct 20051746,42658.3413.80$98,803
Sep 2005115,45461.4512.08$66,555
Aug 20051685,70961.519.80$66,264
Jul 20051625,47555.697.84$51,966
Jun 2005123,82252.337.38$28,838
May 20051885,21945.226.65$43,214
Apr 200521,72849.207.36$12,817
Mar 2005123,97850.377.15$29,067
Feb 20051733,18645.226.31$27,933
Jan 200533,64943.166.32$23,199
Dec 20041433,88039.866.75$31,894
Nov 20041586,39145.286.33$47,612
Oct 200446,81149.706.52$44,573
Sep 20041873,35143.245.28$25,792
Aug 200463,61642.375.55$20,325
Jul 20041804,47138.286.08$34,093
Jun 20041734,33836.106.43$34,152
May 200443,49137.486.49$22,823
Apr 20041655,16834.475.86$35,964
Mar 20041884,65434.365.53$32,197
Feb 200463,27532.455.51$18,239
Jan 20041986,77632.036.30$49,028
Dec 2003225,68830.266.30$36,509
Nov 20031963,37328.804.60$21,144
Oct 200331,24728.174.76$6,020
Sep 20030026.314.75$0
Aug 2003015729.765.13$805
Jul 20031891,39529.415.17$12,772
Jun 20033584,37628.565.98$36,406
May 200314,98926.595.97$29,824
Apr 20031855,68126.675.41$35,653
Mar 20031915,56431.146.10$39,866
Feb 20031925,83633.487.93$52,684
Jan 20033668,50030.315.58$58,541
Dec 20021817,62526.914.85$41,881
Nov 20021808,53724.664.14$39,756
Oct 20021818,55026.464.23$40,948
Sep 20023708,76527.443.64$42,015
Aug 20021868,84125.963.16$32,803
Jul 20021749,91124.583.06$34,622
Jun 20023639,41823.733.34$40,054
May 200218710,29824.663.58$41,519
Apr 20023719,94523.653.51$43,704
Mar 200218610,97122.003.10$38,132
Feb 20023768,87218.222.38$27,928
Jan 20021829,58617.172.38$25,898
Dec 200135310,77516.932.36$31,453
Nov 200136111,22018.072.41$33,513
Oct 200118012,34919.782.53$34,790
Sep 200136511,74924.262.25$35,306
Aug 200136114,57124.873.05$53,466
Jul 200135213,61623.933.20$51,955
Jun 200136411,90624.563.82$54,470
May 200136215,06625.524.31$74,132
Apr 200154414,23924.685.34$89,396
Mar 200155316,04824.545.38$99,852
Feb 200155915,89727.755.77$107,192
Jan 200118518,00127.478.40$156,268
Dec 200037219,28326.889.12$185,909
Nov 200075820,80832.215.66$142,147
Oct 200054824,00831.235.15$140,647
Sep 200035915,82131.875.19$93,497
Aug 20001809,53329.644.54$48,622
Jul 200053214,80428.534.09$75,723
Jun 200036516,52229.304.40$83,346
May 200053817,08127.263.68$77,520
Apr 200053918,59624.513.12$71,156
Mar 200037319,71028.422.86$66,966
Feb 200037017,79827.622.73$58,746
Jan 200072821,34225.272.48$71,335
Dec 199937824,26024.282.42$67,977
Nov 199955420,76823.192.43$63,396
Oct 199971719,33620.982.80$69,255
Sep 199919118,48921.752.62$52,574
Aug 199972022,04419.262.88$77,257
Jul 199973026,24317.892.37$75,318
Jun 199953721,32815.942.36$58,939
May 199954021,90615.792.32$59,371
Apr 199954123,09215.102.21$59,157
Mar 199972427,17612.471.84$58,987
Feb 199943925,3229.981.82$50,411
Jan 199975927,67110.381.90$60,452
Dec 199854030,2719.201.77$58,648
Nov 199874031,21010.892.19$76,275
Oct 199873333,96012.421.97$75,978
Sep 199874529,36812.592.08$70,542
Aug 199870631,75011.301.91$68,536
Jul 199872733,01511.742.24$82,398
Jun 199890334,46311.242.24$87,253
May 199894533,07712.622.21$84,905
Apr 199890528,36913.042.51$82,875
Mar 199872631,23212.802.31$81,421
Feb 199873629,16813.952.30$77,328
Jan 19981,09934,36714.702.15$90,209
Dec 199772937,37116.322.41$102,003
Nov 199792732,47118.193.09$117,141
Oct 199773728,34719.253.15$103,475
Sep 19971,08334,59717.742.95$121,442
Aug 19971,06737,56317.862.55$115,020
Jul 19971,07236,47517.582.25$100,803
Jun 19971,06930,34517.242.26$86,924
May 19971,43638,04518.972.31$115,068
Apr 19971,80741,16417.882.08$118,045
Mar 19971,67745,92118.951.94$120,826
Feb 19971,70542,69020.492.21$129,105
Jan 19972,19351,58423.483.54$234,084
Dec 19961,83148,73723.32$42,699
Nov 19962,20554,90021.97$48,444
Oct 19962,37556,97023.31$55,361
Sep 19962,36961,35022.22$52,639
Aug 19962,71068,02120.26$54,905
Jul 19962,76072,20419.55$53,958
Jun 19962,48676,26018.73$46,563
May 19962,69875,43719.43$52,422
Apr 19963,06879,66421.51$65,993
Mar 19963,605112,18619.38$69,865
Feb 19963,801101,77816.98$64,541
Jan 19964,26099,54617.07$72,718
Dec 19955,655115,73917.19$97,209
Nov 19955,785127,17016.00$92,560
Oct 19956,655136,48415.43$102,687
Sep 19957,576153,36716.18$122,580
Aug 19959,123151,42515.92$145,238
Jul 19959,206124,37515.24$140,299
Jun 19953627,15316.41$5,940

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.

Mar 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 89.75 =         $0
Gas                   12 Mcf  × $  3.15 =        $38

────────────────────────────────────────────────────
Month total                                      $38

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/156223 is the state's own key, not one this site invented.