ALBERS ET AL 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 159018District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$36.6 M
Apr 1996 – May 2026
Value, last 12 filed months
$48 k
at the published price for each month
Months reported
362
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 Gas111996-08-09134842
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
CondensateDisposition354,488 bbl$10,817,100
GasProduction9,174,406 Mcf$25,827,003
Total$36,644,103

1,937,761 Mcf of this lease's gas, across 9 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 29.8938, -96.7520. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.89383, -96.75198 · 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
16,026 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 16,026 ft.

Completions filed
Apr 1996
1 of 1 wells

1 well

42-149330051OL16,026 ftApr 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 (362)

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

362 months

May 20260543106.413.05$1,654
Apr 20260098.932.87$0
Mar 2026052689.753.15$1,657
Feb 2026077163.503.75$2,892
Jan 2026094559.138.00$7,558
Dec 202501,15756.664.41$5,106
Nov 202501,22258.593.93$4,798
Oct 202501,32159.383.30$4,366
Sep 202501,33862.743.08$4,117
Aug 202501,50363.933.01$4,531
Jul 202501,65966.743.32$5,500
Jun 202501,84766.483.13$5,779
May 202502,17360.553.23$7,024
Apr 20251572,00362.363.54$16,887
Mar 202512,75067.704.27$11,806
Feb 202502,08670.884.34$9,055
Jan 2025029174.324.28$1,245
Dec 20241946,01968.993.12$32,172
Nov 20243777,21269.052.20$41,887
Oct 20243697,46571.372.28$43,366
Sep 20241836,63469.612.36$28,424
Aug 20241922,38675.632.06$19,445
Jul 20243744,62379.932.15$39,818
Jun 20241904,88178.082.63$27,692
May 202411,64778.812.20$3,700
Apr 20240084.451.66$0
Mar 202411,17480.301.55$1,894
Feb 202402,15076.091.78$3,835
Jan 202401,26673.023.30$4,175
Dec 202302,20671.262.61$5,759
Nov 202302,58277.892.81$7,249
Oct 2023061885.443.09$1,908
Sep 202302,26789.042.74$6,200
Aug 202302,43880.522.67$6,516
Jul 202312,87374.852.64$7,665
Jun 20231912,71368.962.26$19,299
May 202302,97370.622.23$6,622
Apr 202302,97178.122.24$6,648
Mar 202303,27872.852.39$7,845
Feb 202313,84175.112.47$9,546
Jan 20231855,54576.533.39$32,943
Dec 20221944,24676.415.73$39,149
Nov 20221956,98885.005.65$56,031
Oct 20221919,26787.185.86$70,991
Sep 202237510,59084.888.16$118,283
Aug 202238414,02194.529.13$164,268
Jul 202238814,848101.587.54$151,398
Jun 202257515,364115.097.98$188,738
May 202219313,810109.378.43$137,569
Apr 202239313,751104.226.84$134,982
Mar 202258611,711108.885.08$123,253
Feb 202258610,57691.054.86$104,742
Jan 202259312,11881.844.54$103,519
Dec 202138913,91671.323.90$82,004
Nov 202159015,60477.435.24$127,400
Oct 202158218,21179.795.71$150,493
Sep 202176920,38469.865.35$162,795
Aug 202196322,41366.024.22$158,173
Jul 202137823,50370.783.98$120,346
Jun 202176224,52869.493.38$135,871
May 202196328,05563.483.02$145,792
Apr 20211,28531,06860.362.76$163,261
Mar 20211,74441,57161.302.72$219,853
Feb 202197028,84957.805.55$216,119
Jan 20211,91245,04850.412.81$222,981
Dec 20202,70957,43844.642.68$274,603
Nov 20201,15019,72438.772.71$97,970
Oct 20201907,63336.972.48$25,942
Sep 20201,53136,57037.091.99$129,597
Aug 20201,72138,33139.982.39$160,229
Jul 20202,08042,25838.371.83$156,936
Jun 20202,09843,80434.901.69$147,263
May 20202,69348,60216.921.81$133,766
Apr 20201,07316,27014.751.80$45,184
Mar 202035910,98030.341.86$31,273
Feb 20203629,86749.881.98$37,600
Jan 202056310,65357.252.09$54,547
Dec 20193579,41259.012.30$42,755
Nov 201938010,22955.302.75$49,151
Oct 20193569,53453.472.42$42,094
Sep 20195279,13755.052.66$53,291
Aug 20191935,22553.112.30$22,291
Jul 201901,72456.272.46$4,241
Jun 20191961,81952.782.49$14,876
May 20193625,13358.482.74$35,236
Apr 20191691,27362.632.75$14,086
Mar 20197396,28956.803.06$61,233
Feb 20195446,70950.852.79$46,395
Jan 201936210,61846.033.23$50,940
Dec 20180046.594.19$0
Nov 20181691,77952.934.24$16,483
Oct 20181885,12261.443.40$28,956
Sep 201805,23959.543.11$16,283
Aug 20181865,57559.403.07$28,144
Jul 20181726,53365.142.93$30,358
Jun 20181884,76060.183.08$25,960
May 20181916,29065.382.90$30,734
Apr 201805,47063.842.90$15,867
Mar 20181875,97161.222.79$28,088
Feb 20183878,67661.782.77$47,908
Jan 20181967,54762.874.01$42,581
Dec 201705,36557.272.92$15,674
Nov 20171905,16155.423.12$26,624
Oct 20171925,43849.292.98$25,689
Sep 201705,40447.523.09$16,684
Aug 20171885,93145.373.00$26,349
Jul 20171866,02443.873.09$26,758
Jun 201704,91042.493.09$15,159
May 20171794,37245.373.26$22,389
Apr 20171934,19547.933.21$22,723
Mar 201704,25446.772.98$12,693
Feb 20171873,91850.452.95$21,002
Jan 201704,17849.413.42$14,284
Dec 20161904,71648.763.72$26,821
Nov 20161875,63342.492.64$22,841
Oct 201606,17246.193.09$19,073
Sep 20161885,86941.553.10$26,009
Aug 20161875,81541.442.92$24,754
Jul 20161845,77141.622.92$24,534
Jun 20161846,10945.352.69$24,752
May 20161906,65642.521.99$21,331
Apr 201606,67336.561.99$13,286
Mar 20161904,90433.011.79$15,070
Feb 20161894,96326.472.06$15,245
Jan 201604,90727.352.36$11,602
Dec 20151914,76832.362.00$15,723
Nov 20151874,47038.792.17$16,942
Oct 201504,52043.552.43$10,968
Sep 20151814,61542.992.76$20,511
Aug 201504,86440.162.87$13,972
Jul 20151844,23948.152.95$21,344
Jun 201504,19656.152.88$12,096
May 20151944,29055.212.96$23,390
Apr 201504,48949.822.71$12,150
Mar 20151944,60542.892.93$21,835
Feb 201503,71044.662.98$11,042
Jan 20151976,98643.433.10$30,217
Dec 20143816,73054.693.59$45,007
Nov 20141917,75570.464.25$46,431
Oct 20143866,67778.303.90$56,271
Sep 201408,31586.164.05$33,638
Aug 20141847,28089.394.04$45,823
Jul 20141866,53496.564.18$45,270
Jun 20141937,16898.164.74$52,899
May 20141937,99194.734.73$56,053
Apr 20141948,07195.944.81$57,427
Mar 20141937,88395.895.06$58,370
Feb 20141926,04697.406.19$56,138
Jan 20141936,71490.404.86$50,082
Dec 20131789,26291.824.35$56,675
Nov 20133889,55688.853.74$70,197
Oct 20131848,69697.423.78$50,791
Sep 201319310,908104.113.72$60,646
Aug 20131826,968104.253.52$43,519
Jul 20133709,488102.523.72$73,206
Jun 20131899,53994.403.93$55,362
May 20131948,12094.834.15$52,088
Apr 201305,84593.964.28$25,032
Mar 20133879,03393.623.91$71,576
Feb 20131949,78991.233.42$51,176
Jan 201319710,83491.603.42$55,097
Dec 201239012,64486.773.42$77,085
Nov 201238014,93586.953.62$87,180
Oct 20121947,39489.383.40$42,477
Sep 20121908,83994.672.92$43,783
Aug 20123689,78892.662.91$62,564
Jul 20121949,63185.133.02$45,609
Jun 20121918,83979.822.52$37,511
May 20121949,47191.612.49$41,339
Apr 20121929,136101.652.00$37,760
Mar 20123828,736105.052.22$59,541
Feb 20121848,827101.102.57$41,290
Jan 20121989,47298.092.73$45,319
Dec 201139610,26696.873.24$71,620
Nov 201139110,90395.723.31$73,529
Oct 201119411,87984.983.65$59,827
Sep 20111917,43983.623.99$45,622
Aug 20111929,67283.404.15$56,145
Jul 201119110,18594.144.52$63,989
Jun 20111939,56092.904.64$62,287
May 20111938,28398.134.40$55,424
Apr 20111936,236105.964.33$47,473
Mar 201119110,55696.364.06$61,234
Feb 20111977,35085.644.18$47,594
Jan 20111996,97986.504.59$49,239
Dec 201039111,69785.734.35$84,376
Nov 201038913,59180.843.80$83,029
Oct 201039016,98078.103.51$90,040
Sep 201038617,62972.633.98$98,189
Aug 20103858,06873.684.42$64,022
Jul 201019310,01472.554.74$61,433
Jun 20101937,34070.364.91$49,622
May 20101927,18371.124.24$44,077
Apr 20101948,42481.694.12$50,577
Mar 20101958,77678.394.39$53,801
Feb 20101997,76573.585.44$56,902
Jan 20101958,95574.365.96$67,909
Dec 20093939,51871.445.48$80,270
Nov 20091948,86974.593.75$47,743
Oct 200919512,64772.544.11$66,128
Sep 200938513,90665.543.06$67,851
Aug 200937615,26667.423.22$74,484
Jul 200938516,39261.133.46$80,325
Jun 200918512,85566.163.90$62,310
May 200919511,88054.743.93$57,312
Apr 200959115,68846.773.59$83,922
Mar 200919915,88842.144.06$72,875
Feb 200939515,24832.814.63$83,604
Jan 200939917,47935.865.37$108,188
Dec 200859718,22437.105.98$131,076
Nov 200859018,75955.496.86$161,433
Oct 200839220,17175.246.92$169,117
Sep 200838915,990101.767.88$165,539
Aug 200859120,290114.228.48$239,625
Jul 200857921,802131.0811.39$324,208
Jun 200838712,596131.3313.03$214,984
May 200858319,869123.1711.57$301,778
Apr 200878218,645110.3110.45$281,193
Mar 200878322,808101.909.66$300,206
Feb 200839112,74992.538.77$147,995
Jan 200898124,94090.388.21$293,314
Dec 200778728,67888.337.30$278,922
Nov 20071,56037,65891.677.29$417,596
Oct 20071954,50382.856.92$47,325
Sep 20071933,97075.846.24$39,426
Aug 20071933,97369.066.39$38,708
Jul 20071796,45570.906.39$53,925
Jun 20071926,40362.007.55$60,237
May 20071978,24258.747.85$76,241
Apr 20075997,14459.617.81$91,467
Mar 200705,36656.927.30$39,182
Feb 20072014,52755.108.22$48,269
Jan 20071865,14350.306.73$43,952
Dec 200604,36756.656.92$30,213
Nov 20061886,26454.207.62$57,905
Oct 20061926,36154.906.01$48,795
Sep 200636815,51460.085.04$100,257
Aug 20061896,39568.717.34$59,925
Jul 20061837,16369.376.34$58,128
Jun 20061827,09366.286.38$57,344
May 20063266,87866.016.42$65,710
Apr 20061736,56864.397.36$59,483
Mar 20063577,79056.707.08$75,418
Feb 20061606,39457.597.75$58,775
Jan 20063677,19360.598.93$86,494
Dec 20051947,73954.9413.42$114,480
Nov 20053728,02454.6910.59$105,306
Oct 20051789,64358.3413.80$143,417
Sep 20051835,84161.4512.08$81,799
Aug 200535611,24961.519.80$132,102
Jul 20053499,22955.697.84$91,825
Jun 20051629,86352.337.38$81,277
May 200536311,51945.226.65$93,030
Apr 200519212,04949.207.36$98,133
Mar 200536413,17450.377.15$112,593
Feb 200553312,71045.226.31$104,327
Jan 200537514,40743.166.32$107,269
Dec 200454114,82239.866.75$121,629
Nov 200452115,70045.286.33$122,978
Oct 200446315,40449.706.52$123,370
Sep 200435312,36343.245.28$80,589
Aug 200455112,00242.375.55$89,965
Jul 200455216,95438.286.08$124,282
Jun 200471017,29436.106.43$136,884
May 200455818,75337.486.49$142,707
Apr 200493227,50134.475.86$193,240
Mar 200446611,39934.365.53$79,050
Feb 20041773,26432.455.51$23,727
Jan 20041905,51532.036.30$40,828
Dec 20031645,55830.266.30$39,987
Nov 20033668,75828.804.60$50,785
Oct 200335911,69528.174.76$65,777
Sep 200335512,41626.314.75$68,308
Aug 200353621,79529.765.13$127,754
Jul 200336614,46029.415.17$85,534
Jun 200337915,18928.565.98$101,699
May 200377426,72826.595.97$180,218
Apr 200375427,65226.675.41$169,631
Mar 20032031.146.10$62
Feb 200307733.487.93$610
Jan 200379517,33830.315.58$120,878
Dec 200239917,05426.914.85$93,513
Nov 200259116,14424.664.14$81,361
Oct 200219816,08026.464.23$73,243
Sep 200258419,05027.443.64$85,276
Aug 200258626,42625.963.16$98,829
Jul 20021,16128,93524.583.06$117,129
Jun 200277931,47123.733.34$123,543
May 200296433,32924.663.58$143,223
Apr 200298532,25523.653.51$136,585
Mar 20021,32734,09622.003.10$134,984
Feb 200279831,27818.222.38$88,846
Jan 20021,19235,85617.172.38$105,649
Dec 20011,39036,82216.932.36$110,595
Nov 20011,18636,66018.072.41$109,617
Oct 20011,17338,93219.782.53$121,656
Sep 20011,16939,08024.262.25$116,342
Aug 20011,15942,04524.873.05$157,194
Jul 20011,51044,07423.933.20$177,042
Jun 20011,34445,42824.563.82$206,733
May 20011,74450,73425.524.31$263,034
Apr 20011,76546,03124.685.34$289,150
Mar 20011,35126,16724.545.38$173,839
Feb 20011,19631,03427.755.77$212,165
Jan 20011,35030,89727.478.40$296,581
Dec 20001,37433,78126.889.12$345,100
Nov 20001,71334,32432.215.66$249,381
Oct 20001,28933,39431.235.15$212,084
Sep 20001,81035,55331.875.19$242,080
Aug 20001,63239,78029.644.54$229,004
Jul 20001,98938,42928.534.09$213,911
Jun 20001,47238,18029.304.40$211,017
May 20001,79339,00527.263.68$192,406
Apr 20001,85139,64524.513.12$168,902
Mar 20002,24543,01128.422.86$186,804
Feb 20001,88540,97427.622.73$163,779
Jan 20001,87044,67325.272.48$158,066
Dec 19991,79838,95724.282.42$138,076
Nov 19991,81344,00023.192.43$149,139
Oct 19992,31942,86120.982.80$168,822
Sep 19991,77548,62221.752.62$165,940
Aug 19991,94150,26119.262.88$181,914
Jul 19991,94147,04117.892.37$146,323
Jun 19992,12650,83415.942.36$153,963
May 19992,30955,90515.792.32$166,216
Apr 19992,14653,29415.102.21$150,080
Mar 19992,14953,36812.471.84$124,906
Feb 19992,16254,4089.981.82$120,479
Jan 19992,71959,54910.381.90$141,363
Dec 19982,71663,0599.201.77$136,811
Nov 19983,06664,66110.892.19$174,720
Oct 19982,73268,24812.421.97$168,326
Sep 19982,75768,13612.592.08$176,612
Aug 19982,92170,85211.301.91$168,147
Jul 19983,10658,17411.742.24$166,615
Jun 19983,10479,54111.242.24$212,844
May 19983,33686,74112.622.21$233,480
Apr 19983,17685,60113.042.51$255,874
Mar 19983,74789,22712.802.31$254,026
Feb 19983,52383,74513.952.30$241,686
Jan 19983,92199,72314.702.15$272,521
Dec 19973,777105,96616.322.41$317,135
Nov 19973,960108,97218.193.09$408,566
Oct 19974,478111,06819.253.15$436,046
Sep 19974,496113,48017.742.95$415,079
Aug 19974,677133,79517.862.55$425,343
Jul 19975,552131,12217.582.25$392,227
Jun 19975,618134,58517.242.26$400,640
May 19975,787147,61718.972.31$450,553
Apr 19975,766156,22517.882.08$428,478
Mar 19975,852168,23718.951.94$437,131
Feb 19975,975152,28420.492.21$458,351
Jan 19977,266178,98923.483.54$804,173
Dec 19967,542192,94123.32$175,879
Nov 19969,271199,11521.97$203,684
Oct 199610,512225,06723.31$245,035
Sep 199611,390230,53822.22$253,086
Aug 199611,810265,53620.26$239,271
Jul 199612,835256,02819.55$250,924
Jun 199613,071247,50018.73$244,820
May 199612,449302,97819.43$241,884
Apr 199617918,05821.51$3,850

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             0 bbl  × $106.41 =         $0
Gas                  543 Mcf  × $  3.05 =     $1,654

────────────────────────────────────────────────────
Month total                                   $1,654

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/159018 is the state's own key, not one this site invented.