SCHAEFER

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 158239District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.1 M
Mar 1996 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
363
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 Gas111996-09-27134839
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
CondensateDisposition12,854 bbl$264,831
GasProduction6,191,796 Mcf$11,863,867
Total$12,128,698

2,802,795 Mcf of this lease's gas, across 10 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 30.5411, -96.0063. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.54112, -96.00627 · 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
12,694 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 12,694 ft.

Completions filed
Mar 1996
1 of 1 wells

1 well

42-185305591H12,694 ftMar 1996

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 (363)

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

363 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 2024083275.632.06$1,717
Jul 2024099279.932.15$2,129
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 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 2021020969.865.35$1,118
Aug 202101,36766.024.22$5,770
Jul 2021096470.783.98$3,839
Jun 202102,29669.493.38$7,762
May 202102,95263.483.02$8,908
Apr 202101,42860.362.76$3,939
Mar 202106,17061.302.72$16,764
Feb 202102357.805.55$128
Jan 202102,00450.412.81$5,632
Dec 202004,07744.642.68$10,908
Nov 202002,03938.772.71$5,519
Oct 202003,79636.972.48$9,408
Sep 20200037.091.99$0
Aug 2020023039.982.39$549
Jul 2020018138.371.83$330
Jun 202001,35334.901.69$2,287
May 202002,51316.921.81$4,560
Apr 202003,55314.751.80$6,411
Mar 2020066730.341.86$1,238
Feb 202003,29349.881.98$6,522
Jan 202002,80757.252.09$5,880
Dec 201903159.012.30$71
Nov 201901,83355.302.75$5,042
Oct 201901,91053.472.42$4,619
Sep 201904,48255.052.66$11,910
Aug 201902,42853.112.30$5,595
Jul 2019071356.272.46$1,754
Jun 2019066752.782.49$1,662
May 201903,01858.482.74$8,270
Apr 2019069062.632.75$1,898
Mar 2019071356.803.06$2,183
Feb 201903,08250.852.79$8,606
Jan 201904,55046.033.23$14,688
Dec 201804,23946.594.19$17,742
Nov 2018069052.934.24$2,924
Oct 2018071361.443.40$2,423
Sep 201803,20259.543.11$9,952
Aug 20184172659.403.07$4,662
Jul 201801,50265.142.93$4,404
Jun 201801,02660.183.08$3,157
May 2018099565.382.90$2,886
Apr 201804,19663.842.90$12,172
Mar 201801,03761.222.79$2,890
Feb 201802,92361.782.77$8,085
Jan 201801,42862.874.01$5,725
Dec 2017932,94557.272.92$13,930
Nov 201702,41455.423.12$7,528
Oct 201703,70949.292.98$11,066
Sep 201702,75447.523.09$8,502
Aug 201703,30745.373.00$9,936
Jul 201702,48343.873.09$7,666
Jun 201703,14642.493.09$9,713
May 201702,57545.373.26$8,403
Apr 201704,08847.933.21$13,129
Mar 2017073646.772.98$2,196
Feb 201708,55550.452.95$25,259
Jan 201704,57549.413.42$15,641
Dec 201603,40448.763.72$12,673
Nov 201601,08542.492.64$2,869
Oct 201603,85946.193.09$11,925
Sep 201609,00741.553.10$27,927
Aug 201603,39741.442.92$9,934
Jul 2016068341.622.92$1,997
Jun 20160045.352.69$0
May 201603842.521.99$76
Apr 2016019936.561.99$396
Mar 201601,58633.011.79$2,845
Feb 201602,99926.472.06$6,189
Jan 201603,06027.352.36$7,235
Dec 201503,93932.362.00$7,884
Nov 201506,28538.792.17$13,622
Oct 201501,85843.552.43$4,509
Sep 2015095442.992.76$2,632
Aug 2015084640.162.87$2,430
Jul 201501,15448.152.95$3,399
Jun 201501,03956.152.88$2,995
May 201502,74355.212.96$8,107
Apr 201502,93749.822.71$7,949
Mar 201503,29842.892.93$9,679
Feb 201503,11944.662.98$9,283
Jan 201503,75043.433.10$11,627
Dec 201402,81354.693.59$10,103
Nov 201403,61670.464.25$15,375
Oct 201404,86078.303.90$18,959
Sep 201404,77386.164.05$19,309
Aug 2014083789.394.04$3,377
Jul 2014016296.564.18$677
Jun 201402,90998.164.74$13,780
May 201403,77794.734.73$17,852
Apr 201404,32995.944.81$20,819
Mar 201402,02695.895.06$10,245
Feb 201403,51697.406.19$21,771
Jan 201403,83590.404.86$18,641
Dec 201302,90791.824.35$12,658
Nov 201302,05388.853.74$7,675
Oct 201303,90897.423.78$14,770
Sep 201303,784104.113.72$14,068
Aug 201303,660104.253.52$12,893
Jul 201302,626102.523.72$9,763
Jun 201304,02394.403.93$15,824
May 201302,36594.834.15$9,813
Apr 201304,39293.964.28$18,809
Mar 201305,16493.623.91$20,206
Feb 201355,56391.233.42$19,481
Jan 2013086591.603.42$2,958
Dec 2012032486.773.42$1,108
Nov 201202,91186.953.62$10,552
Oct 201202,91889.383.40$9,920
Sep 201202,77794.672.92$8,104
Aug 201203,34692.662.91$9,731
Jul 201203,64685.133.02$11,014
Jun 201203,45179.822.52$8,693
May 201202,03291.612.49$5,056
Apr 201204,283101.652.00$8,552
Mar 201205,753105.052.22$12,784
Feb 201205,278101.102.57$13,566
Jan 20120098.092.73$0
Dec 2011099996.873.24$3,237
Nov 201101,60695.723.31$5,318
Oct 201103,45584.983.65$12,606
Sep 201101,86483.623.99$7,430
Aug 201103,80383.404.15$15,780
Jul 201103,56894.144.52$16,118
Jun 201104,85992.904.64$22,545
May 201104,66898.134.40$20,562
Apr 201104,340105.964.33$18,806
Mar 201105,34496.364.06$21,682
Feb 201104,22585.644.18$17,660
Jan 201105,32886.504.59$24,449
Dec 201003,64085.734.35$15,826
Nov 201004,18180.843.80$15,868
Oct 201004,50078.103.51$15,790
Sep 201003,77872.633.98$15,034
Aug 201004,06673.684.42$17,969
Jul 201004,60472.554.74$21,807
Jun 201004,83370.364.91$23,732
May 201005,59371.124.24$23,688
Apr 201003,61881.694.12$14,916
Mar 201003,90378.394.39$17,129
Feb 201003,10373.585.44$16,888
Jan 201002,96574.365.96$17,684
Dec 200905,44371.445.48$29,848
Nov 200905,52874.593.75$20,738
Oct 2009042372.544.11$1,739
Sep 200904,98365.543.06$15,272
Aug 200904,94467.423.22$15,912
Jul 200912,89161.133.46$10,077
Jun 200903,86666.163.90$15,058
May 200944,66154.743.93$18,517
Apr 200903,00946.773.59$10,795
Mar 200925,03242.144.06$20,509
Feb 200925,36332.814.63$24,912
Jan 200901,28035.865.37$6,875
Dec 200822,21037.105.98$13,284
Nov 200804,95855.496.86$34,014
Oct 200815,95575.246.92$41,296
Sep 20080759101.767.88$5,979
Aug 200813,967114.228.48$33,766
Jul 200803,755131.0811.39$42,767
Jun 200814,137131.3313.03$54,047
May 200813,700123.1711.57$42,948
Apr 200802,047110.3110.45$21,401
Mar 200815,749101.909.66$55,661
Feb 200815,31292.538.77$46,682
Jan 200803,81790.388.21$31,321
Dec 200705,66288.337.30$41,344
Nov 200706,05791.677.29$44,166
Oct 200716,40882.856.92$44,439
Sep 200726,97975.846.24$43,730
Aug 200704,50569.066.39$28,778
Jul 200716,69270.906.39$42,819
Jun 200718,98162.007.55$67,855
May 200716,75558.747.85$53,060
Apr 200707,62259.617.81$59,491
Mar 200709,63356.927.30$70,340
Feb 2007211,62955.108.22$95,654
Jan 200703,81850.306.73$25,683
Dec 200603,50156.656.92$24,221
Nov 200614,11554.207.62$31,400
Oct 200607,34954.906.01$44,195
Sep 200628,43360.085.04$42,599
Aug 200618,89968.717.34$65,387
Jul 200619,82069.376.34$62,355
Jun 2006211,62666.286.38$74,352
May 2006515,97566.016.42$102,969
Apr 200648364.397.36$868
Mar 20060056.707.08$0
Feb 200601,78257.597.75$13,813
Jan 200607,26660.598.93$64,910
Dec 200536,94354.9413.42$93,308
Nov 2005213,51254.6910.59$143,180
Oct 20051147,59058.3413.80$111,361
Sep 200503,77761.4512.08$45,622
Aug 200507,31161.519.80$71,625
Jul 200505,23755.697.84$41,077
Jun 200508,17652.337.38$60,347
May 200506,03745.226.65$40,153
Apr 200513,93149.207.36$28,983
Mar 200516,84450.377.15$49,018
Feb 200528,21845.226.31$51,962
Jan 200519,95043.166.32$62,949
Dec 200408,92439.866.75$60,247
Nov 200417,65145.286.33$48,479
Oct 2004411,74749.706.52$76,732
Sep 2004218,19143.245.28$96,206
Aug 200406,24342.375.55$34,653
Jul 200421,51838.286.08$9,312
Jun 200401,58536.106.43$10,196
May 200401,98537.486.49$12,892
Apr 200403,87634.475.86$22,707
Mar 2004010,90734.365.53$60,317
Feb 200408,82532.455.51$48,622
Jan 2004011,34432.036.30$71,463
Dec 2003021,10030.266.30$132,965
Nov 200301728.804.60$78
Oct 200301328.174.76$62
Sep 200301,30926.314.75$6,217
Aug 200309,03729.765.13$46,357
Jul 2003015,04429.415.17$77,790
Jun 200304,81528.565.98$28,808
May 200308,60226.595.97$51,377
Apr 20031758,82726.675.41$52,397
Mar 2003014,87931.146.10$90,703
Feb 200303,18533.487.93$25,244
Jan 200309,25830.315.58$51,679
Dec 2002012,51626.914.85$60,750
Nov 2002012,98224.664.14$53,706
Oct 200209,63926.464.23$40,764
Sep 2002010,25627.443.64$37,283
Aug 2002013,26525.963.16$41,973
Jul 2002010,55324.583.06$32,311
Jun 200209,46623.733.34$31,600
May 2002016,83124.663.58$60,322
Apr 200206,98423.653.51$24,530
Mar 2002012,26122.003.10$38,042
Feb 200207,99018.222.38$18,982
Jan 2002011,49817.172.38$27,316
Dec 2001012,43316.932.36$29,397
Nov 2001014,40418.072.41$34,649
Oct 200117119,10319.782.53$51,692
Sep 2001017,37724.262.25$39,121
Aug 2001021,15524.873.05$64,590
Jul 2001016,59423.933.20$53,052
Jun 2001012,49624.563.82$47,787
May 2001017,00825.524.31$73,259
Apr 2001016,37624.685.34$87,371
Mar 200117914,95924.545.38$84,819
Feb 2001016,98427.755.77$97,948
Jan 2001015,22727.478.40$127,888
Dec 200018524,87526.889.12$231,895
Nov 2000015,92032.215.66$90,075
Oct 2000020,58031.235.15$105,894
Sep 2000025,24931.875.19$130,954
Aug 2000036,61529.644.54$166,260
Jul 2000016,98228.534.09$69,452
Jun 2000012,92329.304.40$56,826
May 2000016,81927.263.68$61,890
Apr 2000018,79724.513.12$58,571
Mar 2000018,05928.422.86$51,644
Feb 2000020,97627.622.73$57,191
Jan 200017021,47225.272.48$57,557
Dec 1999022,06024.282.42$53,467
Nov 1999021,63123.192.43$52,650
Oct 1999024,54220.982.80$68,809
Sep 199915526,69121.752.62$73,271
Aug 1999026,02519.262.88$74,837
Jul 1999026,85817.892.37$63,717
Jun 199916725,82315.942.36$63,658
May 1999027,08515.792.32$62,865
Apr 199917726,84615.102.21$61,950
Mar 1999025,06212.471.84$46,072
Feb 1999025,7739.981.82$46,850
Jan 199918132,96810.381.90$64,516
Dec 1998030,6479.201.77$54,347
Nov 199817637,61310.892.19$84,128
Oct 1998058,33612.421.97$114,876
Sep 199816158,04712.592.08$122,917
Aug 199816867,73111.301.91$131,085
Jul 1998059,10911.742.24$132,243
Jun 199816552,11611.242.24$118,452
May 199816452,41612.622.21$117,717
Apr 1998058,69813.042.51$147,058
Mar 199816951,43012.802.31$120,938
Feb 1998039,09813.952.30$89,891
Jan 199817547,31414.702.15$104,524
Dec 199717654,07016.322.41$133,241
Nov 199717654,19918.193.09$170,582
Oct 1997056,10219.253.15$176,711
Sep 19971841,51017.742.95$7,726
Aug 199717964,13317.862.55$167,040
Jul 199718680,04017.582.25$183,115
Jun 199719383,53117.242.26$191,873
May 199718391,04218.972.31$213,642
Apr 199718198,62717.882.08$208,655
Mar 1997387112,58018.951.94$225,642
Feb 1997196113,94820.492.21$255,374
Jan 1997376142,49823.483.54$513,229
Dec 1996409167,53623.32$9,538
Nov 1996384135,45521.97$8,436
Oct 1996784174,01023.31$18,275
Sep 1996390235,69422.22$8,666
Aug 1996771279,72920.26$15,620
Jul 1996713332,28619.55$13,939
Jun 19961,070385,23118.73$20,041
May 19961,260487,74219.43$24,482
Apr 19961,605515,88021.51$34,524
Mar 1996089,23219.38$0

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.

Aug 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 75.63 =         $0
Gas                  832 Mcf  × $  2.06 =     $1,717

────────────────────────────────────────────────────
Month total                                   $1,717

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/158239 is the state's own key, not one this site invented.