GARRETT

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 156481District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.3 M
Nov 1995 – May 2026
Value, last 12 filed months
$215 k
at the published price for each month
Months reported
367
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 Gas111996-01-09133873
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
CondensateDisposition21,597 bbl$471,159
GasProduction10,149,192 Mcf$18,783,794
Total$19,254,953

5,107,469 Mcf of this lease's gas, across 14 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 30.5081, -96.0268. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.50808, -96.02679 · 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
16,729 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 16,729 ft.

Completions filed
Nov 1995
1 of 1 wells

1 well

42-185305411H16,729 ftNov 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 (367)

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

367 months

May 202625,836106.413.05$17,988
Apr 202613,44798.932.87$9,991
Mar 202614,95589.753.15$15,695
Feb 202604,58363.503.75$17,188
Jan 202625,22359.138.00$41,891
Dec 202525,87956.664.41$26,059
Nov 202514,64458.593.93$18,293
Oct 202514,81059.383.30$15,956
Sep 202503,32862.743.08$10,240
Aug 202513,54863.933.01$10,760
Jul 202505,63766.743.32$18,688
Jun 202503,83466.483.13$11,996
May 202501,11660.553.23$3,607
Apr 202511,73062.363.54$6,192
Mar 202502,05267.704.27$8,759
Feb 202502,56570.884.34$11,134
Jan 202523,64774.324.28$15,753
Dec 202404,28768.993.12$13,381
Nov 202404,79369.052.20$10,537
Oct 202405,27471.372.28$12,032
Sep 202406,06669.612.36$14,342
Aug 202476,80275.632.06$14,566
Jul 202406,77179.932.15$14,535
Jun 202406,81678.082.63$17,953
May 202416,57078.812.20$14,523
Apr 202405,83584.451.66$9,681
Mar 202406,78680.301.55$10,485
Feb 202418,24176.091.78$14,775
Jan 202406,00173.023.30$19,789
Dec 202303,24071.262.61$8,459
Nov 2023082477.892.81$2,313
Oct 202301,44785.443.09$4,467
Sep 202302,39589.042.74$6,550
Aug 202302,66280.522.67$7,115
Jul 202303,15474.852.64$8,332
Jun 202301,82268.962.26$4,115
May 202302,53770.622.23$5,651
Apr 202304,92478.122.24$11,019
Mar 202309,34172.852.39$22,355
Feb 202317,86575.112.47$19,468
Jan 202305,05076.533.39$17,108
Dec 202217,13876.415.73$40,971
Nov 202204,53585.005.65$25,606
Oct 202214,43087.185.86$26,064
Sep 202205,28184.888.16$43,112
Aug 202206,13994.529.13$56,032
Jul 202205,134101.587.54$38,721
Jun 202214,848115.097.98$38,789
May 202201,825109.378.43$15,390
Apr 202206,691104.226.84$45,750
Mar 202203,119108.885.08$15,833
Feb 202202,01991.054.86$9,810
Jan 202201,60681.844.54$7,288
Dec 202112,05871.323.90$8,096
Nov 202101,85577.435.24$9,714
Oct 202101,58979.795.71$9,079
Sep 202101,04269.865.35$5,576
Aug 2021093766.024.22$3,955
Jul 202101,03570.783.98$4,121
Jun 202101,06869.493.38$3,611
May 202101,05763.483.02$3,190
Apr 202101,01360.362.76$2,794
Mar 202101,05461.302.72$2,864
Feb 2021099057.805.55$5,492
Jan 202101,32750.412.81$3,729
Dec 202001,65644.642.68$4,431
Nov 202001,56138.772.71$4,225
Oct 202001,58736.972.48$3,933
Sep 202001,63437.091.99$3,253
Aug 202001,70239.982.39$4,059
Jul 202001,74638.371.83$3,187
Jun 202001,70634.901.69$2,884
May 202001,74316.921.81$3,163
Apr 202002,00714.751.80$3,621
Mar 202002,05230.341.86$3,809
Feb 202002,09449.881.98$4,148
Jan 202002,61157.252.09$5,469
Dec 201901,63859.012.30$3,775
Nov 201901,36055.302.75$3,741
Oct 2019063953.472.42$1,545
Sep 2019086955.052.66$2,309
Aug 201902,02253.112.30$4,659
Jul 201902,82456.272.46$6,947
Jun 201901,41752.782.49$3,530
May 201903,32458.482.74$9,109
Apr 201902,94262.632.75$8,093
Mar 201903,15956.803.06$9,673
Feb 201903,06750.852.79$8,564
Jan 201902,01446.033.23$6,502
Dec 201801,06346.594.19$4,449
Nov 201801,37152.934.24$5,809
Oct 201802,86861.443.40$9,746
Sep 201803,27659.543.11$10,182
Aug 20181203,52259.403.07$17,928
Jul 201804,00165.142.93$11,730
Jun 201802,33160.183.08$7,172
May 201802,83765.382.90$8,230
Apr 201802,96663.842.90$8,604
Mar 201803,73761.222.79$10,414
Feb 201802,92661.782.77$8,094
Jan 201805,20462.874.01$20,865
Dec 201703,07057.272.92$8,969
Nov 2017089555.423.12$2,791
Oct 2017065949.292.98$1,966
Sep 201701,20547.523.09$3,720
Aug 201701,76545.373.00$5,303
Jul 201703,21243.873.09$9,916
Jun 201706,50942.493.09$20,095
May 2017011,15545.373.26$36,403
Apr 2017016,87147.933.21$54,183
Mar 201706,25546.772.98$18,663
Feb 2017023350.452.95$688
Jan 2017037349.413.42$1,275
Dec 2016017148.763.72$637
Nov 2016017142.492.64$452
Oct 201604,29946.193.09$13,285
Sep 201607,25041.553.10$22,480
Aug 201607,01141.442.92$20,503
Jul 201604,05041.622.92$11,844
Jun 201602,06845.352.69$5,554
May 201602,92742.521.99$5,828
Apr 201603,33436.561.99$6,638
Mar 201604,12533.011.79$7,400
Feb 201603,42626.472.06$7,070
Jan 201605,31827.352.36$12,574
Dec 2015855,78132.362.00$14,321
Nov 201506,11838.792.17$13,260
Oct 201506,75843.552.43$16,399
Sep 201507,06542.992.76$19,488
Aug 201507,43040.162.87$21,343
Jul 201508,00648.152.95$23,578
Jun 201506,78256.152.88$19,552
May 201505,41655.212.96$16,007
Apr 201507,08549.822.71$19,176
Mar 201507,34142.892.93$21,544
Feb 201507,34044.662.98$21,845
Jan 201508,35943.433.10$25,918
Dec 201408,20354.693.59$29,460
Nov 201408,03170.464.25$34,147
Oct 201408,84978.303.90$34,520
Sep 201408,83186.164.05$35,725
Aug 201409,43189.394.04$38,055
Jul 201409,88396.564.18$41,307
Jun 201413411,27298.164.74$66,548
May 201408,55194.734.73$40,417
Apr 201404,35795.944.81$20,953
Mar 201406,20595.895.06$31,377
Feb 201405,64197.406.19$34,929
Jan 201406,75290.404.86$32,820
Dec 201307,04691.824.35$30,682
Nov 201306,83688.853.74$25,555
Oct 201307,03397.423.78$26,580
Sep 201306,604104.113.72$24,552
Aug 201306,942104.253.52$24,454
Jul 201307,441102.523.72$27,664
Jun 201307,60894.403.93$29,925
May 201308,64094.834.15$35,848
Apr 201308,62193.964.28$36,920
Mar 2013011,35793.623.91$44,438
Feb 2013028491.233.42$971
Jan 2013043391.603.42$1,481
Dec 2012070286.773.42$2,401
Nov 201201,07086.953.62$3,879
Oct 201205,26989.383.40$17,913
Sep 201207,97994.672.92$23,286
Aug 201209,02992.662.91$26,258
Jul 2012010,24185.133.02$30,936
Jun 2012010,65879.822.52$26,848
May 2012013,27091.612.49$33,020
Apr 2012011,061101.652.00$22,087
Mar 201207,044105.052.22$15,652
Feb 201206,708101.102.57$17,241
Jan 201208,22698.092.73$22,491
Dec 201108,42196.873.24$27,282
Nov 201107,83195.723.31$25,931
Oct 201108,95684.983.65$32,676
Sep 201108,53983.623.99$34,035
Aug 201109,82583.404.15$40,767
Jul 2011010,67294.144.52$48,208
Jun 2011011,53792.904.64$53,530
May 2011012,87698.134.40$56,716
Apr 2011014,809105.964.33$64,172
Mar 201110912,92696.364.06$62,948
Feb 2011010,43885.644.18$43,631
Jan 2011012,37886.504.59$56,800
Dec 2010013,29585.734.35$57,803
Nov 2010013,42480.843.80$50,949
Oct 2010014,81878.103.51$51,995
Sep 2010017,33372.633.98$68,976
Aug 2010020,23973.684.42$89,443
Jul 2010025,54872.554.74$121,008
Jun 2010018,36070.364.91$90,155
May 201007,47971.124.24$31,675
Apr 201006,20281.694.12$25,569
Mar 201003,68178.394.39$16,155
Feb 201005,15873.585.44$28,072
Jan 201007,98974.365.96$47,647
Dec 200906,79371.445.48$37,251
Nov 200906,93674.593.75$26,020
Oct 200909,22772.544.11$37,925
Sep 2009011,28565.543.06$34,586
Aug 2009012,23467.423.22$39,375
Jul 2009012,59161.133.46$43,622
Jun 2009012,23066.163.90$47,636
May 2009912,98954.743.93$51,484
Apr 2009013,29446.773.59$47,692
Mar 2009615,11942.144.06$61,621
Feb 2009315,32032.814.63$71,076
Jan 2009517,29135.865.37$93,049
Dec 2008418,77537.105.98$112,369
Nov 2008020,00955.496.86$137,269
Oct 2008622,39675.246.92$155,476
Sep 2008021,048101.767.88$165,797
Aug 20089132,534114.228.48$286,381
Jul 2008036,284131.0811.39$413,254
Jun 2008235,503131.3313.03$462,960
May 20081336,364123.1711.57$422,489
Apr 2008015,247110.3110.45$159,405
Mar 20080711101.909.66$6,871
Feb 200801,02292.538.77$8,964
Jan 200801,11390.388.21$9,133
Dec 2007079788.337.30$5,820
Nov 20071222791.677.29$11,381
Oct 2007024882.856.92$1,717
Sep 200711,15275.846.24$7,269
Aug 200707,81369.066.39$49,909
Jul 200719,75470.906.39$62,379
Jun 200708,95962.007.55$67,627
May 200701,15458.747.85$9,055
Apr 200707,81059.617.81$60,959
Mar 200707,75556.927.30$56,627
Feb 200718,31355.108.22$68,355
Jan 2007010,81850.306.73$72,771
Dec 2006110,35456.656.92$71,690
Nov 2006011,50754.207.62$87,654
Oct 2006012,04454.906.01$72,430
Sep 2006110,52860.085.04$53,092
Aug 20068613,03468.717.34$101,578
Jul 2006014,40169.376.34$91,342
Jun 2006111,09866.286.38$70,915
May 2006116,20166.016.42$104,157
Apr 2006322,68264.397.36$167,144
Mar 200611433,40956.707.08$243,097
Feb 200647,63357.597.75$59,395
Jan 200607,36960.598.93$65,830
Dec 200507,25254.9413.42$97,288
Nov 200516,25054.6910.59$66,232
Oct 200506,74058.3413.80$92,983
Sep 200506,11861.4512.08$73,899
Aug 2005855,83161.519.80$62,354
Jul 200506,69955.697.84$52,545
Jun 200504,78352.337.38$35,304
May 200504,47145.226.65$29,737
Apr 200504,28049.207.36$31,503
Mar 200514,33950.377.15$31,095
Feb 200503,53645.226.31$22,319
Jan 2005924,18943.166.32$30,454
Dec 200403,84539.866.75$25,958
Nov 200403,88145.286.33$24,568
Oct 200423,23549.706.52$21,176
Sep 200403,15043.245.28$16,644
Aug 200406,64142.375.55$36,862
Jul 200426,79338.286.08$41,406
Jun 200407,57036.106.43$48,698
May 200408,31737.486.49$54,015
Apr 200406,84834.475.86$40,119
Mar 200405,88534.365.53$32,545
Feb 200405,58732.455.51$30,782
Jan 200407,69832.036.30$48,495
Dec 200308,55030.266.30$53,879
Nov 200307,89828.804.60$36,293
Oct 20031077,20928.174.76$37,326
Sep 200308,52426.314.75$40,484
Aug 200308,37929.765.13$42,982
Jul 200307,98629.415.17$41,294
Jun 200305,65528.565.98$33,834
May 200309,63126.595.97$57,523
Apr 200306,88326.675.41$37,218
Mar 2003012,50731.146.10$76,243
Feb 200309,24133.487.93$73,243
Jan 200318313,98030.315.58$83,584
Dec 2002021,55226.914.85$104,608
Nov 2002022,46724.664.14$92,945
Oct 2002021,55626.464.23$91,163
Sep 2002022,07127.443.64$80,233
Aug 2002026,78925.963.16$84,765
Jul 2002027,31824.583.06$83,641
Jun 2002027,86123.733.34$93,007
May 200218129,63824.663.58$110,686
Apr 2002029,49323.653.51$103,589
Mar 2002032,10922.003.10$99,625
Feb 2002031,27118.222.38$74,290
Jan 2002035,58217.172.38$84,531
Dec 2001036,55416.932.36$86,428
Nov 2001037,43118.072.41$90,041
Oct 200117942,28619.782.53$110,477
Sep 2001043,37124.262.25$97,642
Aug 2001038,90424.873.05$118,780
Jul 2001029,96223.933.20$95,791
Jun 200118241,46724.563.82$163,046
May 2001029,04725.524.31$125,115
Apr 2001018,91424.685.34$100,912
Mar 200118220,21824.545.38$113,167
Feb 2001018,30427.755.77$105,561
Jan 2001023,60227.478.40$198,228
Dec 200018416,19226.889.12$152,657
Nov 2000010,76632.215.66$60,914
Oct 2000015,74831.235.15$81,031
Sep 2000015,27731.875.19$79,234
Aug 200018216,53329.644.54$80,467
Jul 2000020,56328.534.09$84,098
Jun 2000018,90829.304.40$83,143
May 2000019,75427.263.68$72,690
Apr 200033520,71724.513.12$72,765
Mar 2000020,15828.422.86$57,647
Feb 20008118,49227.622.73$52,656
Jan 2000024,34325.272.48$60,383
Dec 199918427,83924.282.42$71,941
Nov 1999027,41323.192.43$66,723
Oct 199912332,85920.982.80$94,708
Sep 1999034,41421.752.62$90,125
Aug 199916825,38619.262.88$76,236
Jul 1999025,69017.892.37$60,946
Jun 199918128,42815.942.36$70,035
May 1999030,19415.792.32$70,081
Apr 1999031,22515.102.21$68,946
Mar 199918235,56812.471.84$67,655
Feb 199918034,1489.981.82$63,870
Jan 1999024,94210.381.90$47,389
Dec 199817038,7669.201.77$70,309
Nov 19984338,98210.892.19$85,672
Oct 199817733,74612.421.97$68,651
Sep 1998045,83912.592.08$95,465
Aug 199817546,93811.301.91$91,505
Jul 1998052,97811.742.24$118,526
Jun 199818151,64411.242.24$117,576
May 1998044,34712.622.21$97,845
Apr 199815845,71713.042.51$116,596
Mar 199817953,54412.802.31$125,948
Feb 199816847,00113.952.30$110,405
Jan 1998057,59114.702.15$124,097
Dec 199718468,84716.322.41$169,000
Nov 199716667,16818.193.09$210,452
Oct 199728272,39219.253.15$233,450
Sep 1997077,64217.742.95$229,423
Aug 199725890,69417.862.55$236,307
Jul 199718196,57517.582.25$220,180
Jun 1997233104,35617.242.26$239,569
May 1997345117,66718.972.31$278,179
Apr 1997267130,29817.882.08$276,156
Mar 1997156142,10018.951.94$278,508
Feb 1997337133,07020.492.21$300,444
Jan 1997165172,66323.483.54$615,049
Dec 1996381187,79623.32$8,885
Nov 1996312202,48721.97$6,855
Oct 1996553230,67723.31$12,890
Sep 1996536253,74622.22$11,910
Aug 1996718294,76220.26$14,547
Jul 1996721329,64519.55$14,096
Jun 1996687354,23918.73$12,868
May 19961,086404,18319.43$21,101
Apr 19961,230421,36921.51$26,457
Mar 19961,346483,33919.38$26,085
Feb 19961,443476,99516.98$24,502
Jan 19961,684504,52617.07$28,746
Dec 19951,638485,59217.19$28,157
Nov 19951,489478,11316.00$23,824

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             2 bbl  × $106.41 =       $213
Gas                5,836 Mcf  × $  3.05 =    $17,776

────────────────────────────────────────────────────
Month total                                  $17,988

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/156481 is the state's own key, not one this site invented.