MCGEE OL

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 156354District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.4 M
Aug 1995 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
370
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 Gas111996-01-08133415
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
CondensateDisposition109,963 bbl$2,792,166
GasProduction4,121,804 Mcf$8,585,026
Total$11,377,192

2,164,271 Mcf of this lease's gas, across 17 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 30.5271, -96.0938. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.52715, -96.09376 · 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
15,988 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 15,988 ft.

Completions filed
Aug 1995
1 of 1 wells

1 well

42-185305251H15,988 ftAug 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 (370)

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

370 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 2024030773.023.30$1,012
Dec 202301,31171.262.61$3,423
Nov 20230977.892.81$25
Oct 20230985.443.09$28
Sep 20230889.042.74$22
Aug 20230880.522.67$21
Jul 20230774.852.64$18
Jun 20230668.962.26$14
May 20230870.622.23$18
Apr 202301478.122.24$31
Mar 2023468572.852.39$1,931
Feb 2023536975.112.47$1,285
Jan 20230076.533.39$0
Dec 20220276.415.73$11
Nov 202201285.005.65$68
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220694.529.13$55
Jul 2022013101.587.54$98
Jun 2022096115.097.98$766
May 2022020109.378.43$169
Apr 2022028104.226.84$191
Mar 20220176108.885.08$893
Feb 202202591.054.86$121
Jan 202218623781.844.54$16,298
Dec 202102671.323.90$101
Nov 20210077.435.24$0
Oct 2021025879.795.71$1,474
Sep 20210069.865.35$0
Aug 202101066.024.22$42
Jul 20210070.783.98$0
Jun 202104569.493.38$152
May 2021023263.483.02$700
Apr 2021013860.362.76$381
Mar 2021036261.302.72$984
Feb 2021026657.805.55$1,476
Jan 2021049050.412.81$1,377
Dec 2020061544.642.68$1,645
Nov 20201871,26938.772.71$10,685
Oct 202001,56936.972.48$3,889
Sep 202001,68837.091.99$3,361
Aug 20201831,98339.982.39$12,046
Jul 202001,83238.371.83$3,344
Jun 20203842,44634.901.69$17,536
May 202002,84316.921.81$5,159
Apr 20203293,21614.751.80$10,656
Mar 20201933,99930.341.86$13,279
Feb 202003,70849.881.98$7,344
Jan 202034,07957.252.09$8,716
Dec 201904,44059.012.30$10,231
Nov 201903,53755.302.75$9,729
Oct 201904,84353.472.42$11,713
Sep 201902,96855.052.66$7,887
Aug 201906,51853.112.30$15,020
Jul 201906,15656.272.46$15,144
Jun 201902,36952.782.49$5,902
May 2019072858.482.74$1,995
Apr 201902,01362.632.75$5,537
Mar 201902,43556.803.06$7,456
Feb 2019064450.852.79$1,798
Jan 201911,71446.033.23$5,579
Dec 201803,83446.594.19$16,047
Nov 2018169052.934.24$2,977
Oct 2018071361.443.40$2,423
Sep 20181252,12959.543.11$14,059
Aug 2018071759.403.07$2,199
Jul 2018071565.142.93$2,096
Jun 201801,82060.183.08$5,600
May 201801,62665.382.90$4,717
Apr 201801,94263.842.90$5,633
Mar 201801,46461.222.79$4,080
Feb 201802,10661.782.77$5,825
Jan 201802,21562.874.01$8,881
Dec 201712671357.272.92$9,299
Nov 201701,30955.423.12$4,082
Oct 201702,42549.292.98$7,235
Sep 201701,88147.523.09$5,807
Aug 201702,46645.373.00$7,409
Jul 201701,86343.873.09$5,752
Jun 20171921,52142.493.09$12,854
May 201703,02545.373.26$9,872
Apr 201701,81947.933.21$5,842
Mar 201702,94046.772.98$8,772
Feb 201703,04450.452.95$8,988
Jan 201703,25549.413.42$11,128
Dec 201602,95848.763.72$11,012
Nov 201602,86042.492.64$7,563
Oct 201603,70546.193.09$11,449
Sep 201602,66841.553.10$8,272
Aug 20161874,12541.442.92$19,812
Jul 201603,12441.622.92$9,136
Jun 201602,68245.352.69$7,203
May 201603,19142.521.99$6,353
Apr 20161943,35436.561.99$13,771
Mar 201603,48733.011.79$6,256
Feb 201603,45226.472.06$7,124
Jan 201603,69927.352.36$8,746
Dec 20151893,98332.362.00$14,088
Nov 201503,35638.792.17$7,274
Oct 201503,96443.552.43$9,619
Sep 201503,66442.992.76$10,107
Aug 201503,71240.162.87$10,663
Jul 20151872,88948.152.95$17,512
Jun 201501,14756.152.88$3,307
May 2015025,49055.212.96$75,334
Apr 20151903,31649.822.71$18,441
Mar 201503,98042.892.93$11,680
Feb 201505,07244.662.98$15,095
Jan 2015011,96443.433.10$37,096
Dec 20141944,63454.693.59$27,252
Nov 201404,17870.464.25$17,764
Oct 201402,69078.303.90$10,494
Sep 201402,67186.164.05$10,805
Aug 201404,39489.394.04$17,730
Jul 20141784,39496.564.18$35,553
Jun 201404,56598.164.74$21,624
May 201404,20094.734.73$19,852
Apr 20141954,01295.944.81$38,002
Mar 201405,31595.895.06$26,877
Feb 201404,96497.406.19$30,737
Jan 20141895,77690.404.86$45,161
Dec 201305,50491.824.35$23,967
Nov 201305,10688.853.74$19,088
Oct 20131955,39897.423.78$39,398
Sep 201306,849104.113.72$25,463
Aug 201305,661104.253.52$19,942
Jul 20131846,846102.523.72$44,315
Jun 201305,80994.403.93$22,849
May 201305,46194.834.15$22,658
Apr 20131815,57793.964.28$40,891
Mar 201306,77193.623.91$26,494
Feb 201306,38591.233.42$21,836
Jan 20131946,95091.603.42$41,539
Dec 201207,21486.773.42$24,673
Nov 20121766,71986.953.62$39,659
Oct 201206,72989.383.40$22,876
Sep 20121855,97194.672.92$34,940
Aug 201206,58092.662.91$19,136
Jul 201206,32385.133.02$19,101
Jun 20121826,59079.822.52$31,128
May 201208,29191.612.49$20,631
Apr 20121909,323101.652.00$37,930
Mar 201218910,756105.052.22$43,755
Feb 2012011,497101.102.57$29,550
Jan 201219813,00798.092.73$54,984
Dec 201119913,44196.873.24$62,822
Nov 20111939,48995.723.31$49,895
Oct 201107,48484.983.65$27,306
Sep 20111937,76583.623.99$47,088
Aug 201107,30883.404.15$30,323
Jul 201107,46694.144.52$33,726
Jun 20111787,23492.904.64$50,101
May 201108,87798.134.40$39,102
Apr 201118510,595105.964.33$65,514
Mar 201118511,86096.364.06$65,947
Feb 20111959,71685.644.18$57,312
Jan 201119511,72786.504.59$70,680
Dec 201018612,02685.734.35$68,232
Nov 201018512,00880.843.80$60,530
Oct 201019313,33278.103.51$61,854
Sep 201019513,47272.633.98$67,774
Aug 201019515,55173.684.42$83,093
Jul 201019613,21972.554.74$76,831
Jun 201019410,69170.364.91$66,147
May 201038316,32171.124.24$96,362
Apr 201018914,57581.694.12$75,528
Mar 201039215,80378.394.39$100,083
Feb 201038318,24473.585.44$127,472
Jan 201038921,02874.365.96$154,339
Dec 200939113,24071.445.48$100,538
Nov 200938611,40774.593.75$71,585
Oct 20091924,25272.544.11$31,404
Sep 200905,32865.543.06$16,329
Aug 20091925,95267.423.22$32,101
Jul 200906,15861.133.46$21,334
Jun 20091986,22666.163.90$37,350
May 20092597,83254.743.93$44,924
Apr 20091847,19646.773.59$34,421
Mar 2009166,80242.144.06$28,284
Feb 20092076,13232.814.63$35,201
Jan 2009317,08335.865.37$39,154
Dec 200865,99837.105.98$36,073
Nov 200802,18555.496.86$14,990
Oct 200805,08875.246.92$35,219
Sep 2008934,404101.767.88$44,154
Aug 200803,914114.228.48$33,203
Jul 20081725,173131.0811.39$81,463
Jun 200804,979131.3313.03$64,889
May 20081695,163123.1711.57$80,574
Apr 200805,220110.3110.45$54,574
Mar 200805,455101.909.66$52,718
Feb 200804,93492.538.77$43,274
Jan 200805,31190.388.21$43,581
Dec 200705,21588.337.30$38,080
Nov 200704,16691.677.29$30,377
Oct 200704,18982.856.92$28,996
Sep 200704,34275.846.24$27,112
Aug 200714,49569.066.39$28,783
Jul 200704,58570.906.39$29,289
Jun 200705,61862.007.55$42,407
May 200706,56758.747.85$51,527
Apr 20071075,47559.617.81$49,112
Mar 200705,96056.927.30$43,520
Feb 200706,01355.108.22$49,403
Jan 200706,64950.306.73$44,727
Dec 200606,66856.656.92$46,132
Nov 200606,53554.207.62$49,780
Oct 200606,22854.906.01$37,454
Sep 200606,15060.085.04$30,979
Aug 200606,56868.717.34$48,209
Jul 200606,23069.376.34$39,515
Jun 200605,57666.286.38$35,597
May 200606,55866.016.42$42,135
Apr 200605,99064.397.36$44,089
Mar 200605,82556.707.08$41,258
Feb 200605,62857.597.75$43,623
Jan 200606,48660.598.93$57,942
Dec 200506,39554.9413.42$85,791
Nov 200507,34154.6910.59$77,729
Oct 200507,93858.3413.80$109,511
Sep 2005918,36661.4512.08$106,645
Aug 200508,93061.519.80$87,486
Jul 200508,92655.697.84$70,012
Jun 200508,72052.337.38$64,363
May 20051989,60945.226.65$72,865
Apr 2005010,02749.207.36$73,804
Mar 2005010,76850.377.15$77,044
Feb 20051949,70745.226.31$70,042
Jan 2005010,67843.166.32$67,508
Dec 2004010,83639.866.75$73,155
Nov 200419510,96845.286.33$78,262
Oct 20042049,75349.706.52$73,681
Sep 200418,65543.245.28$45,775
Aug 20041808,45142.375.55$54,535
Jul 20041997,94338.286.08$55,944
Jun 20042047,69536.106.43$56,866
May 20041886,56137.486.49$49,657
Apr 20041935,89234.475.86$41,171
Mar 20041955,73734.365.53$38,427
Feb 20041755,64732.455.51$36,792
Jan 20041925,79432.036.30$42,650
Dec 20032006,55530.266.30$47,359
Nov 200307,12128.804.60$32,722
Oct 20031755,83028.174.76$32,678
Sep 20031955,12526.314.75$29,471
Aug 20031986,12529.765.13$37,312
Jul 200305,50929.415.17$28,486
Jun 20031905,22128.565.98$36,663
May 20031986,19526.595.97$42,266
Apr 20031857,10926.675.41$43,374
Mar 20031856,60131.146.10$46,001
Feb 20031847,38633.487.93$64,701
Jan 20031839,25130.315.58$57,186
Dec 20021849,32426.914.85$50,208
Nov 200236810,40324.664.14$52,112
Oct 200218512,60126.464.23$58,186
Sep 200235811,98927.443.64$53,406
Aug 200218112,91525.963.16$45,564
Jul 200236213,02224.583.06$48,768
Jun 200217812,52023.733.34$46,019
May 200218213,41024.663.58$52,550
Apr 200236212,44423.653.51$52,269
Mar 200218114,98122.003.10$50,464
Feb 200235913,56218.222.38$38,760
Jan 200236515,62817.172.38$43,394
Dec 200118616,42516.932.36$41,984
Nov 200136615,38118.072.41$43,613
Oct 200136216,14419.782.53$47,987
Sep 200117914,17124.262.25$36,246
Aug 20011789,76024.873.05$34,226
Jul 200135910,53723.933.20$42,279
Jun 200136312,94524.563.82$58,419
May 200153912,98925.524.31$69,703
Apr 200118311,02824.685.34$63,354
Mar 200152811,54124.545.38$75,007
Feb 200118411,13527.755.77$69,322
Jan 200135510,93527.478.40$101,592
Dec 20003626,79126.889.12$71,681
Nov 20003626,42832.215.66$48,030
Oct 20003606,08431.235.15$42,548
Sep 20001816,88031.875.19$41,452
Aug 20001815,27829.644.54$29,331
Jul 20001737,19028.534.09$34,341
Jun 20001665,51529.304.40$29,115
May 2000089427.263.68$3,290
Apr 200018346724.513.12$5,941
Mar 200002,36028.422.86$6,749
Feb 2000010827.622.73$294
Jan 2000011225.272.48$278
Dec 199916234924.282.42$4,779
Nov 199902,69723.192.43$6,564
Oct 199901020.982.80$28
Sep 199907221.752.62$189
Aug 1999029219.262.88$840
Jul 1999010317.892.37$244
Jun 199911251215.942.36$2,995
May 1999014315.792.32$332
Apr 199905615.102.21$124
Mar 199909312.471.84$171
Feb 19990989.981.82$178
Jan 1999074310.381.90$1,412
Dec 199802,3609.201.77$4,185
Nov 19982212110.892.19$504
Oct 199802,67212.421.97$5,262
Sep 199801,69112.592.08$3,522
Aug 199804,55311.301.91$8,684
Jul 199817370111.742.24$3,599
Jun 1998022011.242.24$492
May 199807912.622.21$174
Apr 19980013.042.51$0
Mar 199804912.802.31$113
Feb 19980013.952.30$0
Jan 19989050014.702.15$2,400
Dec 1997063816.322.41$1,538
Nov 19971816,85918.193.09$24,475
Oct 19975345,63319.253.15$28,022
Sep 199753342517.742.95$10,711
Aug 19971,07020,73217.862.55$72,075
Jul 199774525,81617.582.25$71,104
Jun 199786131,16717.242.26$85,194
May 199798234,25218.972.31$97,699
Apr 19971,11040,87517.882.08$104,980
Mar 199799342,19818.951.94$100,645
Feb 199793433,20320.492.21$92,380
Jan 19971,16138,00023.483.54$161,769
Dec 19961,10637,20823.32$25,792
Nov 19961,12833,88821.97$24,782
Oct 19961,68843,81723.31$39,347
Sep 19961,33346,87922.22$29,619
Aug 19961,68551,15220.26$34,138
Jul 19962,65281,25319.55$51,847
Jun 19963,667104,69818.73$68,683
May 19963,759105,85819.43$73,037
Apr 19963,932110,48821.51$84,577
Mar 19963,920120,14219.38$75,970
Feb 19963,982127,39916.98$67,614
Jan 19965,350159,08617.07$91,325
Dec 19956,745205,81517.19$115,947
Nov 19957,318216,86616.00$117,088
Oct 199510,293282,37215.43$158,821
Sep 199511,883320,49916.18$192,267
Aug 19953,839116,85115.92$61,117

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.

Jan 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 73.02 =         $0
Gas                  307 Mcf  × $  3.30 =     $1,012

────────────────────────────────────────────────────
Month total                                   $1,012

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/156354 is the state's own key, not one this site invented.