WELLMAN

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 157026District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.3 M
Nov 1995 – May 2026
Value, last 12 filed months
$10 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 Gas111996-03-06133872
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
CondensateDisposition34,092 bbl$720,315
GasProduction4,323,281 Mcf$6,545,480
Total$7,265,795

2,375,809 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 30.4863, -96.0798. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.48629, -96.07984 · 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
14,734 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 14,734 ft.

Completions filed
Nov 1995
1 of 1 wells

1 well

42-185305422H14,734 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 202600106.413.05$0
Apr 2026040998.932.87$1,174
Mar 2026026189.753.15$822
Feb 2026022263.503.75$833
Jan 2026015259.138.00$1,216
Dec 2025010756.664.41$472
Nov 202508858.593.93$346
Oct 2025033659.383.30$1,110
Sep 202509262.743.08$283
Aug 2025028863.933.01$868
Jul 2025048666.743.32$1,611
Jun 2025045266.483.13$1,414
May 2025069860.553.23$2,256
Apr 2025085362.363.54$3,022
Mar 202501,16867.704.27$4,985
Feb 2025021170.884.34$916
Jan 20250074.324.28$0
Dec 2024025868.993.12$805
Nov 2024076069.052.20$1,671
Oct 202401,13671.372.28$2,592
Sep 202401,45269.612.36$3,433
Aug 2024063275.632.06$1,304
Jul 202401,08479.932.15$2,327
Jun 2024052978.082.63$1,393
May 2024033178.812.20$728
Apr 2024011884.451.66$196
Mar 2024021580.301.55$332
Feb 2024028376.091.78$505
Jan 2024014173.023.30$465
Dec 2023044071.262.61$1,149
Nov 2023057377.892.81$1,609
Oct 2023067585.443.09$2,084
Sep 2023065589.042.74$1,791
Aug 2023071480.522.67$1,908
Jul 2023073574.852.64$1,942
Jun 2023048268.962.26$1,089
May 2023034070.622.23$757
Apr 2023054478.122.24$1,217
Mar 2023052372.852.39$1,252
Feb 2023059975.112.47$1,477
Jan 2023076976.533.39$2,605
Dec 2022087776.415.73$5,024
Nov 2022047585.005.65$2,682
Oct 2022054687.185.86$3,202
Sep 2022041484.888.16$3,380
Aug 2022062694.529.13$5,714
Jul 20220785101.587.54$5,921
Jun 20220726115.097.98$5,791
May 20220726109.378.43$6,122
Apr 20220673104.226.84$4,602
Mar 20220688108.885.08$3,493
Feb 2022060591.054.86$2,940
Jan 2022063081.844.54$2,859
Dec 2021063771.323.90$2,484
Nov 2021066477.435.24$3,477
Oct 2021060679.795.71$3,463
Sep 2021066869.865.35$3,574
Aug 2021066966.024.22$2,824
Jul 2021071270.783.98$2,835
Jun 2021045169.493.38$1,525
May 202101,31263.483.02$3,959
Apr 202101,63960.362.76$4,521
Mar 202102,19461.302.72$5,961
Feb 202101,50557.805.55$8,350
Jan 202102,04850.412.81$5,755
Dec 202001,89644.642.68$5,073
Nov 202001,97938.772.71$5,356
Oct 202001,35436.972.48$3,356
Sep 2020034437.091.99$685
Aug 202001,11939.982.39$2,669
Jul 2020080838.371.83$1,475
Jun 2020079834.901.69$1,349
May 2020097716.921.81$1,773
Apr 20201061,01214.751.80$3,390
Mar 202006830.341.86$126
Feb 2020049149.881.98$973
Jan 2020136857.252.09$828
Dec 2019149659.012.30$1,202
Nov 2019057655.302.75$1,584
Oct 2019081953.472.42$1,981
Sep 2019047255.052.66$1,254
Aug 2019049553.112.30$1,141
Jul 201901,01756.272.46$2,502
Jun 2019020252.782.49$503
May 201905658.482.74$153
Apr 2019059462.632.75$1,634
Mar 2019042256.803.06$1,292
Feb 2019022250.852.79$620
Jan 20190846.033.23$26
Dec 201805146.594.19$213
Nov 2018072152.934.24$3,055
Oct 2018077861.443.40$2,644
Sep 2018076059.543.11$2,362
Aug 2018180859.403.07$2,537
Jul 2018087165.142.93$2,554
Jun 2018090260.183.08$2,775
May 2018091865.382.90$2,663
Apr 2018085263.842.90$2,471
Mar 2018096161.222.79$2,678
Feb 2018089161.782.77$2,465
Jan 2018087562.874.01$3,508
Dec 2017095657.272.92$2,793
Nov 201701,14155.423.12$3,558
Oct 201701,11349.292.98$3,321
Sep 20170047.523.09$0
Aug 2017065945.373.00$1,980
Jul 2017084743.873.09$2,615
Jun 2017046342.493.09$1,429
May 2017081445.373.26$2,656
Apr 2017076547.933.21$2,457
Mar 2017079146.772.98$2,360
Feb 2017074850.452.95$2,209
Jan 2017084849.413.42$2,899
Dec 2016084148.763.72$3,131
Nov 2016143342.492.64$1,187
Oct 20160346.193.09$9
Sep 20160041.553.10$0
Aug 20160141.442.92$3
Jul 20160441.622.92$12
Jun 201601445.352.69$38
May 2016086042.521.99$1,712
Apr 2016085836.561.99$1,708
Mar 2016086533.011.79$1,552
Feb 2016083926.472.06$1,731
Jan 20165789527.352.36$3,675
Dec 2015099032.362.00$1,981
Nov 2015094838.792.17$2,055
Oct 2015089743.552.43$2,177
Sep 2015090642.992.76$2,499
Aug 2015096140.162.87$2,760
Jul 201501,00248.152.95$2,951
Jun 201501,08056.152.88$3,113
May 2015079855.212.96$2,358
Apr 2015096449.822.71$2,609
Mar 20151411,00642.892.93$9,000
Feb 2015085144.662.98$2,533
Jan 2015086443.433.10$2,679
Dec 2014088454.693.59$3,175
Nov 2014098370.464.25$4,180
Oct 201401,13478.303.90$4,424
Sep 201401,15686.164.05$4,677
Aug 201401,19089.394.04$4,802
Jul 201401,13596.564.18$4,744
Jun 201401,11698.164.74$5,286
May 201401,18594.734.73$5,601
Apr 2014099895.944.81$4,800
Mar 201401,20695.895.06$6,099
Feb 201401,14597.406.19$7,090
Jan 201401,22990.404.86$5,974
Dec 201301,21991.824.35$5,308
Nov 201301,22888.853.74$4,591
Oct 201301,19197.423.78$4,501
Sep 20131181,783104.113.72$18,914
Aug 201303,159104.253.52$11,128
Jul 201303,126102.523.72$11,622
Jun 201301,53094.403.93$6,018
May 201301,60694.834.15$6,663
Apr 2013089193.964.28$3,816
Mar 201301,20593.623.91$4,715
Feb 201301,20591.233.42$4,121
Jan 201301,34791.603.42$4,607
Dec 201201,37586.773.42$4,703
Nov 201201,27686.953.62$4,625
Oct 20121131,39689.383.40$14,846
Sep 201201,34294.672.92$3,916
Aug 201201,37892.662.91$4,007
Jul 201201,42085.133.02$4,290
Jun 201201,41679.822.52$3,567
May 201201,48791.612.49$3,700
Apr 201201,526101.652.00$3,047
Mar 201201,444105.052.22$3,209
Feb 201201,461101.102.57$3,755
Jan 201201,58098.092.73$4,320
Dec 201101,46996.873.24$4,759
Nov 20111241,51495.723.31$16,883
Oct 201101,50884.983.65$5,502
Sep 201101,50283.623.99$5,987
Aug 201101,49583.404.15$6,203
Jul 201101,45694.144.52$6,577
Jun 201101,51792.904.64$7,039
May 201101,52898.134.40$6,731
Apr 201101,624105.964.33$7,037
Mar 201101,70696.364.06$6,922
Feb 201101,54485.644.18$6,454
Jan 201101,82686.504.59$8,379
Dec 201001,89785.734.35$8,248
Nov 20101481,80780.843.80$18,822
Oct 201001,80978.103.51$6,348
Sep 201001,80072.633.98$7,163
Aug 201001,90373.684.42$8,410
Jul 201001,95672.554.74$9,265
Jun 201002,01370.364.91$9,885
May 201002,19571.124.24$9,296
Apr 201001,54481.694.12$6,365
Mar 201002,06678.394.39$9,067
Feb 201001,79973.585.44$9,791
Jan 201001,94074.365.96$11,570
Dec 2009622,12271.445.48$16,066
Nov 200902,05274.593.75$7,698
Oct 200902,12672.544.11$8,738
Sep 200902,28765.543.06$7,009
Aug 200902,70067.423.22$8,690
Jul 200901,25961.133.46$4,362
Jun 2009561,89566.163.90$11,086
May 200912,32454.743.93$9,178
Apr 200902,29746.773.59$8,240
Mar 2009262,30042.144.06$10,431
Feb 200911,98732.814.63$9,239
Jan 200912,31535.865.37$12,470
Dec 2008592,24837.105.98$15,626
Nov 200802,16455.496.86$14,846
Oct 200812,47075.246.92$17,173
Sep 200802,076101.767.88$16,353
Aug 2008562,111114.228.48$24,304
Jul 200802,468131.0811.39$28,109
Jun 200812,388131.3313.03$31,253
May 200812,595123.1711.57$30,158
Apr 2008752,648110.3110.45$35,958
Mar 200802,607101.909.66$25,194
Feb 200812,51392.538.77$22,133
Jan 2008292,63590.388.21$24,243
Dec 200702,65288.337.30$19,365
Nov 2007632,56591.677.29$24,478
Oct 200712,78282.856.92$19,340
Sep 200712,75875.846.24$17,297
Aug 200702,95569.066.39$18,876
Jul 2007743,05170.906.39$24,736
Jun 200702,82662.007.55$21,332
May 200702,89558.747.85$22,715
Apr 200702,67059.617.81$20,840
Mar 2007952,75056.927.30$25,488
Feb 200702,61055.108.22$21,444
Jan 20071162,76650.306.73$24,441
Dec 200602,77256.656.92$19,178
Nov 200612,78054.207.62$21,231
Oct 200602,89154.906.01$17,386
Sep 200612,76360.085.04$13,978
Aug 200602,50968.717.34$18,416
Jul 200602,74869.376.34$17,430
Jun 200602,99166.286.38$19,094
May 200603,41966.016.42$21,967
Apr 2006962,78664.397.36$26,688
Mar 200603,24856.707.08$23,005
Feb 200613,01857.597.75$23,450
Jan 200603,41660.598.93$30,516
Dec 200503,21454.9413.42$43,117
Nov 2005792,90654.6910.59$35,090
Oct 200503,15858.3413.80$43,567
Sep 200502,57061.4512.08$31,043
Aug 2005222,45261.519.80$25,375
Jul 200502,77855.697.84$21,790
Jun 200502,37052.337.38$17,493
May 200502,67545.226.65$17,792
Apr 200502,67949.207.36$19,719
Mar 200502,81250.377.15$20,120
Feb 2005752,88945.226.31$21,627
Jan 200503,24443.166.32$20,509
Dec 2004233,50739.866.75$24,593
Nov 200413,76645.286.33$23,886
Oct 200464,72649.706.52$31,089
Sep 2004496,28043.245.28$35,302
Aug 200403,56142.375.55$19,766
Jul 2004921,70138.286.08$13,871
Jun 2004046036.106.43$2,959
May 2004211,20637.486.49$8,620
Apr 200401,35834.475.86$7,956
Mar 200402,48434.365.53$13,737
Feb 2004381,53232.455.51$9,674
Jan 200402,93532.036.30$18,489
Dec 2003443,86630.266.30$25,694
Nov 2003674,07128.804.60$20,637
Oct 2003253,22428.174.76$16,049
Sep 2003723,71026.314.75$19,514
Aug 200304,69129.765.13$24,064
Jul 200303,79529.415.17$19,623
Jun 200303,46728.565.98$20,743
May 2003623,73526.595.97$23,957
Apr 200304,36126.675.41$23,581
Mar 20039912,68631.146.10$80,417
Feb 2003423,73033.487.93$30,970
Jan 2003604,18530.315.58$25,179
Dec 2002584,91126.914.85$25,398
Nov 200205,12424.664.14$21,198
Oct 2002613,97626.464.23$18,429
Sep 200203,96827.443.64$14,424
Aug 20021176,11025.963.16$22,370
Jul 2002603,11524.583.06$11,012
Jun 200203,99123.733.34$13,323
May 2002616,09524.663.58$23,349
Apr 200205,58023.653.51$19,599
Mar 20021229,06822.003.10$30,819
Feb 200203,21118.222.38$7,628
Jan 20021516,46017.172.38$17,940
Dec 200104,97616.932.36$11,765
Nov 2001659,44418.072.41$23,892
Oct 2001010,36219.782.53$26,204
Sep 20011949,34024.262.25$25,734
Aug 2001010,16524.873.05$31,035
Jul 2001012,39423.933.20$39,625
Jun 20016313,92024.563.82$54,780
May 200110117,41025.524.31$77,568
Apr 2001569,00824.685.34$49,443
Mar 2001656,85224.545.38$38,434
Feb 200109,59127.755.77$55,312
Jan 200112712,83227.478.40$111,262
Dec 2000649,53426.889.12$88,694
Nov 200009,68332.215.66$54,786
Oct 2000637,87931.235.15$42,509
Sep 2000010,23331.875.19$53,073
Aug 2000637,40129.644.54$35,473
Jul 200008,04428.534.09$32,898
Jun 2000807,83029.304.40$36,774
May 2000788,91627.263.68$34,935
Apr 200007,69924.513.12$23,990
Mar 2000659,67128.422.86$29,504
Feb 2000638,85927.622.73$25,894
Jan 20001309,43525.272.48$26,689
Dec 1999688,46424.282.42$22,165
Nov 19991328,23223.192.43$23,098
Oct 1999679,17820.982.80$27,138
Sep 19991299,46321.752.62$27,588
Aug 199912110,20819.262.88$31,685
Jul 199912310,99317.892.37$28,280
Jun 199912616,53815.942.36$41,073
May 199912617,57315.792.32$42,777
Apr 199912516,67715.102.21$38,711
Mar 199912218,45412.471.84$35,446
Feb 199926420,2949.981.82$39,525
Jan 199917619,78710.381.90$39,421
Dec 199818918,8729.201.77$35,205
Nov 19986214,57010.892.19$32,521
Oct 199818519,70112.421.97$41,093
Sep 199812019,56012.592.08$42,247
Aug 199811818,91111.301.91$37,403
Jul 199817823,37511.742.24$54,386
Jun 199818522,59311.242.24$52,626
May 199813323,71212.622.21$53,995
Apr 199820125,05413.042.51$65,390
Mar 199818630,32212.802.31$72,408
Feb 1998154136,23213.952.30$315,363
Jan 199815639,47214.702.15$87,347
Dec 199729344,74016.322.41$112,654
Nov 199725464,55318.193.09$203,977
Oct 199724368,55419.253.15$220,611
Sep 199730766,11117.742.95$200,796
Aug 199736088,90517.862.55$233,559
Jul 199725653,97617.582.25$125,781
Jun 1997029,80017.242.26$67,265
May 1997018,56618.972.31$42,860
Apr 199730561,89217.882.08$134,361
Mar 1997032,69418.951.94$63,398
Feb 199745068,21820.492.21$159,703
Jan 19971968,08623.483.54$241,450
Dec 199653971,30023.32$12,569
Nov 199644976,08221.97$9,865
Oct 1996083,74923.31$0
Sep 1996395,63122.22$67
Aug 19960113,27220.26$0
Jul 1996941127,89819.55$18,397
Jun 19961,664148,47818.73$31,167
May 19962,226177,68919.43$43,251
Apr 19962,073191,97521.51$44,590
Mar 19962,434228,77319.38$47,171
Feb 19962,421133,84216.98$41,109
Jan 19963,514302,81517.07$59,984
Dec 19954,561334,33517.19$78,404
Nov 19952,920289,97016.00$46,720

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  409 Mcf  × $  2.87 =     $1,174

────────────────────────────────────────────────────
Month total                                   $1,174

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/157026 is the state's own key, not one this site invented.