ZIRCON 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 157312District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$33.2 M
Oct 1995 – May 2026
Value, last 12 filed months
$206 k
at the published price for each month
Months reported
368
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 Gas111996-03-29134023
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
CondensateDisposition549,658 bbl$15,693,351
GasProduction5,951,384 Mcf$17,505,530
Total$33,198,881

1,388,870 Mcf of this lease's gas, across 15 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 30.0216, -96.8115. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.02162, -96.81149 · 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
14,719 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 14,719 ft.

Completions filed
Oct 1995
1 of 1 wells

1 well

42-14932988114,719 ftOct 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 (368)

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

368 months

May 20261884,336106.413.05$33,212
Apr 20263754,36598.932.87$49,625
Mar 20263794,69689.753.15$48,805
Feb 20261902,33463.503.75$20,818
Jan 20261901,82959.138.00$25,863
Dec 20251751,15556.664.41$15,013
Nov 202501,05158.593.93$4,127
Oct 2025054559.383.30$1,801
Sep 202505762.743.08$175
Aug 202531,39563.933.01$4,397
Jul 2025422966.743.32$1,026
Jun 2025029766.483.13$929
May 20251872,44460.553.23$19,223
Apr 20251883,24162.363.54$23,207
Mar 20251923,80767.704.27$29,248
Feb 20251941,99770.884.34$22,419
Jan 20251933,01974.324.28$27,261
Dec 20241912,88468.993.12$22,179
Nov 20243822,73769.052.20$32,394
Oct 20241892,85271.372.28$19,995
Sep 20241812,91369.612.36$19,487
Aug 20241883,26675.632.06$20,958
Jul 20243723,33479.932.15$36,891
Jun 20241922,97778.082.63$22,833
May 202402,96078.812.20$6,507
Apr 20243852,75184.451.66$37,078
Mar 202402,77080.301.55$4,280
Feb 20241942,43276.091.78$19,099
Jan 20241942,49673.023.30$22,397
Dec 20231712,31571.262.61$18,229
Nov 20231762,58177.892.81$20,955
Oct 20231933,07185.443.09$25,971
Sep 20231893,13989.042.74$25,414
Aug 20231882,96980.522.67$23,074
Jul 20233813,33574.852.64$37,328
Jun 20231933,28768.962.26$20,733
May 20231903,27170.622.23$20,704
Apr 20233783,14978.122.24$36,576
Mar 20231912,94572.852.39$20,962
Feb 20233642,45675.112.47$33,396
Jan 20231973,00376.533.39$25,250
Dec 20223743,29176.415.73$47,432
Nov 20223754,23585.005.65$55,787
Oct 20221962,90987.185.86$34,145
Sep 20221953,15484.888.16$42,300
Aug 20223803,49294.529.13$67,790
Jul 20223823,675101.587.54$66,521
Jun 20221943,387115.097.98$49,346
May 20221944,493109.378.43$59,107
Apr 20221922,774104.226.84$38,978
Mar 20221912,532108.885.08$33,650
Feb 20221952,73391.054.86$31,034
Jan 20221913,05081.844.54$29,471
Dec 20211893,55071.323.90$27,321
Nov 20213893,66477.435.24$49,308
Oct 20211954,13379.795.71$39,174
Sep 20211943,72169.865.35$33,464
Aug 20211853,56366.024.22$27,252
Jul 20211893,61070.783.98$27,753
Jun 20211933,48369.493.38$25,186
May 20211923,60063.483.02$23,052
Apr 20217464,70260.362.76$57,999
Mar 20213756,09261.302.72$39,539
Feb 20213874,62057.805.55$48,000
Jan 202102,44350.412.81$6,865
Dec 202002,40844.642.68$6,443
Nov 20203403,56938.772.71$22,842
Oct 20201794,17236.972.48$16,958
Sep 20203774,06937.091.99$22,084
Aug 20201914,30739.982.39$17,909
Jul 20203814,34238.371.83$22,544
Jun 20201804,33734.901.69$13,613
May 20203944,57816.921.81$14,974
Apr 20203574,41414.751.80$13,230
Mar 20203594,74530.341.86$19,700
Feb 20205274,14749.881.98$34,501
Jan 20207376,03557.252.09$54,835
Dec 20193745,91659.012.30$35,702
Nov 20191962,20955.302.75$16,915
Oct 20191774,32653.472.42$19,927
Sep 20193284,30855.052.66$29,504
Aug 20193494,69353.112.30$29,350
Jul 20193514,96256.272.46$31,958
Jun 20193415,15852.782.49$30,848
May 20193404,62858.482.74$32,565
Apr 20191652,99462.632.75$18,570
Mar 20193732,95656.803.06$30,238
Feb 20191763,10950.852.79$17,631
Jan 20193633,92346.033.23$29,373
Dec 20181893,96946.594.19$25,418
Nov 20181873,10952.934.24$23,071
Oct 20183643,84661.443.40$35,433
Sep 20181753,65159.543.11$21,767
Aug 20181833,53359.403.07$21,704
Jul 20181953,67265.142.93$23,468
Jun 20183413,65560.183.08$31,768
May 20183503,77865.382.90$33,842
Apr 20181913,87563.842.90$23,434
Mar 20181934,04961.222.79$23,099
Feb 20181853,50861.782.77$21,133
Jan 20183963,93762.874.01$40,681
Dec 20171963,96057.272.92$22,794
Nov 20173914,05155.423.12$34,302
Oct 20171924,27549.292.98$22,219
Sep 20171924,54147.523.09$23,143
Aug 20173713,98345.373.00$28,799
Jul 20172094,33643.873.09$22,555
Jun 20173774,09242.493.09$28,652
May 20171914,24145.373.26$22,506
Apr 20173834,12947.933.21$31,618
Mar 20173814,39946.772.98$30,945
Feb 20171944,09950.452.95$21,890
Jan 20173764,40649.413.42$33,641
Dec 20163862,88948.763.72$29,577
Nov 20163762,86542.492.64$23,552
Oct 20161884,46946.193.09$22,494
Sep 20163704,46441.553.10$29,215
Aug 20165604,68841.442.92$36,916
Jul 20161805,11741.622.92$22,455
Jun 20161814,77645.352.69$21,036
May 20163724,95242.521.99$25,677
Apr 20163724,58236.561.99$22,723
Mar 20161854,42733.011.79$14,049
Feb 20161854,20826.472.06$13,581
Jan 20163694,65327.352.36$21,094
Dec 20153744,83732.362.00$21,783
Nov 20153724,06138.792.17$23,231
Oct 20151844,99643.552.43$20,136
Sep 20153864,74042.992.76$29,669
Aug 20153775,04740.162.87$29,638
Jul 20153754,99348.152.95$32,761
Jun 20153834,47856.152.88$34,415
May 20151914,92455.212.96$25,098
Apr 20153904,14649.822.71$30,651
Mar 20153844,92042.892.93$30,909
Feb 20153784,38044.662.98$29,917
Jan 20153764,80543.433.10$31,228
Dec 20143904,83054.693.59$38,675
Nov 20143774,72570.464.25$46,653
Oct 20143825,17178.303.90$50,082
Sep 20141875,01586.164.05$36,400
Aug 20143795,15689.394.04$54,684
Jul 20145635,00796.564.18$75,291
Jun 20141935,09598.164.74$43,079
May 20143835,11994.734.73$60,477
Apr 20143884,95895.944.81$61,068
Mar 20143875,29995.895.06$63,905
Feb 20143904,66697.406.19$66,878
Jan 20143865,00890.404.86$59,237
Dec 20133915,41291.824.35$59,468
Nov 20135574,92088.853.74$67,882
Oct 20133805,21597.423.78$56,729
Sep 20133845,228104.113.72$59,415
Aug 20133795,484104.253.52$58,829
Jul 20133715,546102.523.72$58,654
Jun 20133845,52894.403.93$57,993
May 20135755,63094.834.15$77,887
Apr 20133875,41093.964.28$59,531
Mar 20133725,10493.623.91$54,798
Feb 20133884,75791.233.42$51,666
Jan 20135765,57991.603.42$71,841
Dec 20123675,58786.773.42$50,953
Nov 20123865,08086.953.62$51,978
Oct 20123835,56889.383.40$53,162
Sep 20125685,58794.672.92$70,078
Aug 20123835,75192.662.91$52,214
Jul 20125585,77385.133.02$64,942
Jun 20123875,41379.822.52$44,526
May 20123835,62991.612.49$49,093
Apr 20125615,536101.652.00$68,080
Mar 20123795,657105.052.22$52,384
Feb 20125815,557101.102.57$73,022
Jan 20123825,82198.092.73$53,385
Dec 20113735,89996.873.24$55,244
Nov 20115775,68995.723.31$74,068
Oct 20113895,76184.983.65$54,076
Sep 20115785,87483.623.99$71,745
Aug 20113846,56583.404.15$59,266
Jul 20115786,23794.144.52$82,587
Jun 20113795,44692.904.64$60,478
May 20115715,64198.134.40$80,880
Apr 20113866,179105.964.33$67,676
Mar 20113844,81796.364.06$56,546
Feb 20111953,57985.644.18$31,660
Jan 20113943,45786.504.59$49,944
Dec 20103905,86285.734.35$58,921
Nov 20103876,00380.843.80$54,068
Oct 20105826,54978.103.51$68,434
Sep 20103866,10372.633.98$52,322
Aug 20105776,23773.684.42$70,077
Jul 20103846,50472.554.74$58,665
Jun 20105756,33770.364.91$71,574
May 20105796,49571.124.24$68,686
Apr 20103906,50581.694.12$58,677
Mar 20105856,57778.394.39$74,722
Feb 20105865,05373.585.44$70,618
Jan 20103915,72174.365.96$63,195
Dec 20095865,69171.445.48$73,072
Nov 20095726,10674.593.75$65,572
Oct 20093886,66972.544.11$55,557
Sep 20095776,29665.543.06$57,112
Aug 20095686,84067.423.22$60,309
Jul 20094577,41361.133.46$53,619
Jun 20095727,01166.163.90$65,151
May 20093277,54654.743.93$47,524
Apr 20095907,29146.773.59$53,751
Mar 20093897,22242.144.06$45,707
Feb 20095886,86532.814.63$51,098
Jan 20093938,08035.865.37$57,491
Dec 20085887,32537.105.98$65,597
Nov 20083897,74455.496.86$74,712
Oct 20085857,94175.246.92$98,983
Sep 20083867,280101.767.88$96,625
Aug 20085858,660114.228.48$140,282
Jul 20085788,811131.0811.39$176,117
Jun 20085768,171131.3313.03$182,136
May 20085838,185123.1711.57$166,544
Apr 20085827,850110.3110.45$146,271
Mar 20085888,465101.909.66$141,724
Feb 20083937,39792.538.77$101,240
Jan 20085918,27490.388.21$121,309
Dec 20075888,41288.337.30$113,362
Nov 20073898,34591.677.29$96,509
Oct 20075829,00182.856.92$110,523
Sep 20075738,84275.846.24$98,667
Aug 20075758,66469.066.39$95,055
Jul 20073938,78070.906.39$83,950
Jun 20075818,78862.007.55$102,358
May 20077769,48958.747.85$120,036
Apr 20074048,91359.617.81$93,650
Mar 20077899,46756.927.30$114,038
Feb 20075978,29255.108.22$101,022
Jan 20075809,49950.306.73$93,072
Dec 20065669,38156.656.92$96,966
Nov 20065659,36054.207.62$101,923
Oct 200675110,03154.906.01$101,554
Sep 20065609,38360.085.04$80,909
Aug 200654910,01568.717.34$111,231
Jul 200656310,27369.376.34$104,214
Jun 20067449,83066.286.38$112,066
May 200654010,27066.016.42$101,630
Apr 20067209,81164.397.36$118,574
Mar 200654910,11356.707.08$102,758
Feb 20065719,30957.597.75$105,039
Jan 200675310,56460.598.93$139,996
Dec 200572910,74454.9413.42$184,186
Nov 20055599,85754.6910.59$134,942
Oct 200583411,48758.3413.80$207,127
Sep 20053649,48861.4512.08$136,973
Aug 200567210,86961.519.80$147,817
Jul 200574111,10355.697.84$128,354
Jun 200588810,57152.337.38$124,494
May 200591110,83445.226.65$113,254
Apr 200571910,48449.207.36$112,542
Mar 200574010,93650.377.15$115,520
Feb 20055369,42945.226.31$83,753
Jan 200573710,41643.166.32$97,661
Dec 200455711,00539.866.75$96,498
Nov 200482311,56245.286.33$110,458
Oct 200490412,54149.706.52$126,635
Sep 200487212,79443.245.28$105,308
Aug 200487614,16642.375.55$115,747
Jul 200491812,55538.286.08$111,528
Jun 20045469,95836.106.43$83,771
May 200491213,25637.486.49$120,274
Apr 200491713,02834.475.86$107,933
Mar 20041,27114,18634.365.53$122,122
Feb 200492214,14132.455.51$107,830
Jan 200491711,88232.036.30$104,224
Dec 200372813,25330.266.30$105,545
Nov 200390713,87128.804.60$89,861
Oct 200390615,42628.174.76$98,944
Sep 200390515,91226.314.75$99,382
Aug 20031,24717,94729.765.13$129,174
Jul 20031,25719,10629.415.17$135,762
Jun 200389418,63228.565.98$137,007
May 20031,44118,33726.595.97$147,837
Apr 200391819,17326.675.41$128,157
Mar 20031,10920,22331.146.10$157,814
Feb 20031,09917,29733.487.93$173,888
Jan 20031,48419,24330.315.58$152,395
Dec 20021,45521,42226.914.85$143,131
Nov 20021,09021,06324.664.14$114,016
Oct 20021,45021,19026.464.23$127,982
Sep 20021,43421,41827.443.64$117,208
Aug 20021,42222,99925.963.16$109,688
Jul 20021,27123,37524.583.06$102,810
Jun 20021,46723,18123.733.34$112,196
May 20021,61624,83824.663.58$128,870
Apr 20021,28123,57823.653.51$113,109
Mar 20021,64325,34322.003.10$114,778
Feb 20021,28923,43218.222.38$79,153
Jan 20021,64425,81517.172.38$89,556
Dec 20011,64525,49216.932.36$88,123
Nov 20011,65325,50718.072.41$91,227
Oct 20011,63827,13819.782.53$101,028
Sep 20011,62627,22224.262.25$100,732
Aug 20012,00528,75924.873.05$137,670
Jul 20011,62058,72623.933.20$226,518
Jun 20011,99229,64924.563.82$162,306
May 20011,80330,38025.524.31$176,869
Apr 20011,99530,00624.685.34$209,328
Mar 20012,16732,66124.545.38$228,778
Feb 20012,34732,33127.755.77$251,585
Jan 20012,00931,24227.478.40$317,581
Dec 20002,18931,93426.889.12$350,158
Nov 20002,00431,53132.215.66$242,951
Oct 20002,00233,58331.235.15$235,324
Sep 20001,99633,90031.875.19$239,435
Aug 20002,30836,00729.644.54$231,908
Jul 20002,13074,55628.534.09$365,684
Jun 20002,14037,35829.304.40$226,974
May 20002,49640,08227.263.68$215,533
Apr 20002,31140,92624.513.12$184,168
Mar 20002,90542,42328.422.86$203,879
Feb 20002,38836,74127.622.73$166,131
Jan 20002,73140,32225.272.48$169,031
Dec 19992,54141,83224.282.42$163,085
Nov 19992,7144,41323.192.43$73,679
Oct 19993,04845,72420.982.80$192,144
Sep 19992,69140,07521.752.62$163,480
Aug 19992,86040,41619.262.88$171,304
Jul 19993,20843,65617.892.37$160,959
Jun 19993,04243,75715.942.36$151,848
May 19993,22146,67815.792.32$159,200
Apr 19993,22746,65615.102.21$151,746
Mar 19993,59446,18212.471.84$129,715
Feb 19993,27443,6579.981.82$112,034
Jan 19993,99551,51810.381.90$139,350
Dec 19984,58353,7709.201.77$137,515
Nov 19984,52451,96910.892.19$162,856
Oct 19984,68250,86512.421.97$158,314
Sep 19983,74339,14012.592.08$128,638
Aug 19984,26545,95811.301.91$135,852
Jul 19984,45044,84811.742.24$152,580
Jun 19983,92241,74211.242.24$137,471
May 19984,31047,13912.622.21$158,397
Apr 19984,29949,63313.042.51$180,406
Mar 19984,52648,52712.802.31$170,003
Feb 19984,69447,56013.952.30$174,828
Jan 19984,68951,22214.702.15$179,301
Dec 19975,23852,51616.322.41$212,105
Nov 19975,05444,51318.193.09$229,400
Oct 19975,20759,77419.253.15$288,512
Sep 19975,17759,78417.742.95$268,495
Aug 19975,67863,95217.862.55$264,790
Jul 19975,87666,21717.582.25$252,086
Jun 19976,05440,90117.242.26$196,693
May 19976,43243,84218.972.31$223,224
Apr 19976,46362,76117.882.08$246,276
Mar 19976,87348,51218.951.94$224,315
Feb 19977,01746,86820.492.21$247,164
Jan 19977,61652,80723.483.54$365,745
Dec 19968,63555,57823.32$201,368
Nov 19968,80853,88621.97$193,512
Oct 199610,03959,44023.31$234,009
Sep 199610,15662,29222.22$225,666
Aug 199611,53969,78720.26$233,780
Jul 199612,02074,14719.55$234,991
Jun 199612,20975,38318.73$228,675
May 199613,31182,79619.43$258,633
Apr 199613,88578,57121.51$298,666
Mar 199616,242149,09319.38$314,770
Feb 199616,079133,68716.98$273,021
Jan 199619,715163,64317.07$336,535
Dec 199521,578164,29317.19$370,926
Nov 199521,897144,90316.00$350,352
Oct 19953,39921,37115.43$52,447

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           188 bbl  × $106.41 =    $20,005
Gas                4,336 Mcf  × $  3.05 =    $13,207

────────────────────────────────────────────────────
Month total                                  $33,212

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/157312 is the state's own key, not one this site invented.