BRACEWELL UNIT NO.1

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 160131District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.7 M
Jul 1996 – May 2026
Value, last 12 filed months
$23 k
at the published price for each month
Months reported
359
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 Gas111996-11-15135520
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
CondensateDisposition17,518 bbl$432,102
GasProduction1,203,378 Mcf$2,288,512
Total$2,720,614

504,722 Mcf of this lease's gas, across 5 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 30.5654, -95.9457. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.56540, -95.94572 · 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
14,320 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 14,320 ft.

Completions filed
Jul 1996
1 of 1 wells

1 well

42-185305741H14,320 ftJul 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 (359)

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

359 months

May 202600106.413.05$0
Apr 202608098.932.87$230
Mar 2026029489.753.15$926
Feb 2026015963.503.75$596
Jan 2026050459.138.00$4,031
Dec 202535056.664.41$1,983
Nov 202519018758.593.93$11,866
Oct 2025015859.383.30$522
Sep 2025014462.743.08$443
Aug 2025032163.933.01$968
Jul 2025028466.743.32$942
Jun 2025017766.483.13$554
May 2025022160.553.23$714
Apr 2025026062.363.54$921
Mar 2025217267.704.27$870
Feb 2025018470.884.34$799
Jan 2025023874.324.28$1,018
Dec 2024032868.993.12$1,024
Nov 20240569.052.20$11
Oct 2024058471.372.28$1,332
Sep 20240069.612.36$0
Aug 20240375.632.06$6
Jul 20240079.932.15$0
Jun 2024011878.082.63$311
May 2024025578.812.20$561
Apr 2024034184.451.66$566
Mar 2024138080.301.55$667
Feb 2024033776.091.78$601
Jan 2024027373.023.30$900
Dec 2023036771.262.61$958
Nov 2023026077.892.81$730
Oct 2023027585.443.09$849
Sep 2023033989.042.74$927
Aug 2023032080.522.67$855
Jul 2023032674.852.64$861
Jun 2023036268.962.26$818
May 2023031670.622.23$704
Apr 2023035978.122.24$803
Mar 2023125772.852.39$688
Feb 2023030875.112.47$759
Jan 2023037576.533.39$1,270
Dec 2022036076.415.73$2,062
Nov 2022039985.005.65$2,253
Oct 2022032187.185.86$1,882
Sep 2022034384.888.16$2,800
Aug 2022038794.529.13$3,532
Jul 20221347101.587.54$2,719
Jun 20220276115.097.98$2,202
May 20220234109.378.43$1,973
Apr 20220133104.226.84$909
Mar 20220241108.885.08$1,223
Feb 2022011091.054.86$534
Jan 2022018981.844.54$858
Dec 2021028771.323.90$1,119
Nov 202114577.435.24$313
Oct 20210079.795.71$0
Sep 2021044669.865.35$2,387
Aug 2021026266.024.22$1,106
Jul 2021027570.783.98$1,095
Jun 2021023169.493.38$781
May 2021025763.483.02$776
Apr 2021023660.362.76$651
Mar 2021020861.302.72$565
Feb 2021019557.805.55$1,082
Jan 2021017250.412.81$483
Dec 2020027444.642.68$733
Nov 2020020338.772.71$549
Oct 2020037436.972.48$927
Sep 2020429037.091.99$726
Aug 2020027339.982.39$651
Jul 2020037338.371.83$681
Jun 2020032834.901.69$554
May 2020836516.921.81$1,522
Apr 20200014.751.80$0
Mar 2020016230.341.86$301
Feb 2020013549.881.98$267
Jan 2020034857.252.09$729
Dec 2019030459.012.30$701
Nov 2019128055.302.75$826
Oct 2019431953.472.42$985
Sep 2019030955.052.66$821
Aug 2019020553.112.30$472
Jul 2019027256.272.46$669
Jun 2019029652.782.49$737
May 2019033058.482.74$904
Apr 2019030562.632.75$839
Mar 2019034856.803.06$1,066
Feb 2019024550.852.79$684
Jan 2019066646.033.23$2,150
Dec 20180646.594.19$25
Nov 20181052.934.24$53
Oct 2018226761.443.40$1,030
Sep 2018040459.543.11$1,256
Aug 2018133359.403.07$1,081
Jul 2018042665.142.93$1,249
Jun 2018024060.183.08$738
May 2018019565.382.90$566
Apr 2018026763.842.90$775
Mar 2018036661.222.79$1,020
Feb 2018031661.782.77$874
Jan 2018029862.874.01$1,195
Dec 2017036657.272.92$1,069
Nov 2017029655.423.12$923
Oct 2017060049.292.98$1,790
Sep 2017031047.523.09$957
Aug 2017044445.373.00$1,334
Jul 2017079843.873.09$2,464
Jun 2017088342.493.09$2,726
May 2017076045.373.26$2,480
Apr 2017090547.933.21$2,907
Mar 2017049146.772.98$1,465
Feb 2017032350.452.95$954
Jan 2017052849.413.42$1,805
Dec 2016075348.763.72$2,803
Nov 201601,01042.492.64$2,671
Oct 2016029646.193.09$915
Sep 2016014341.553.10$443
Aug 2016024541.442.92$716
Jul 2016028041.622.92$819
Jun 2016026145.352.69$701
May 2016029442.521.99$585
Apr 2016032536.561.99$647
Mar 2016035533.011.79$637
Feb 201616852126.472.06$5,522
Jan 2016047627.352.36$1,125
Dec 2015054632.362.00$1,093
Nov 2015055638.792.17$1,205
Oct 2015086443.552.43$2,097
Sep 2015084642.992.76$2,334
Aug 2015016440.162.87$471
Jul 2015037948.152.95$1,116
Jun 2015032856.152.88$946
May 2015024455.212.96$721
Apr 2015033849.822.71$915
Mar 2015034142.892.93$1,001
Feb 2015026944.662.98$801
Jan 2015018343.433.10$567
Dec 2014027754.693.59$995
Nov 201406770.464.25$285
Oct 2014032178.303.90$1,252
Sep 2014032586.164.05$1,315
Aug 2014035389.394.04$1,424
Jul 2014036496.564.18$1,521
Jun 2014030698.164.74$1,449
May 2014029494.734.73$1,390
Apr 2014035895.944.81$1,722
Mar 2014026095.895.06$1,315
Feb 2014025297.406.19$1,560
Jan 2014023190.404.86$1,123
Dec 2013028891.824.35$1,254
Nov 2013020888.853.74$778
Oct 2013072197.423.78$2,725
Sep 20130494104.113.72$1,837
Aug 20130464104.253.52$1,634
Jul 2013124738102.523.72$15,456
Jun 2013015194.403.93$594
May 2013020294.834.15$838
Apr 2013030393.964.28$1,298
Mar 2013044893.623.91$1,753
Feb 2013048091.233.42$1,642
Jan 201301,10091.603.42$3,762
Dec 2012046986.773.42$1,604
Nov 2012047186.953.62$1,707
Oct 2012039989.383.40$1,356
Sep 2012040494.672.92$1,179
Aug 2012042592.662.91$1,236
Jul 2012042685.133.02$1,287
Jun 2012022079.822.52$554
May 2012045691.612.49$1,135
Apr 20120456101.652.00$911
Mar 20120850105.052.22$1,889
Feb 201201,022101.102.57$2,627
Jan 2012097998.092.73$2,677
Dec 201101,05196.873.24$3,405
Nov 2011097195.723.31$3,215
Oct 201101,02884.983.65$3,751
Sep 2011098683.623.99$3,930
Aug 2011099783.404.15$4,137
Jul 201101,09394.144.52$4,937
Jun 201101,01492.904.64$4,705
May 201101,10998.134.40$4,885
Apr 201101,119105.964.33$4,849
Mar 201101,11996.364.06$4,540
Feb 201101,24085.644.18$5,183
Jan 201101,05486.504.59$4,837
Dec 20101951,04385.734.35$21,252
Nov 2010087480.843.80$3,317
Oct 201001,14978.103.51$4,032
Sep 2010048372.633.98$1,922
Aug 2010057573.684.42$2,541
Jul 2010076772.554.74$3,633
Jun 2010076670.364.91$3,761
May 2010076271.124.24$3,227
Apr 2010077881.694.12$3,207
Mar 2010075278.394.39$3,300
Feb 2010098073.585.44$5,334
Jan 2010079174.365.96$4,718
Dec 200901,43571.445.48$7,869
Nov 2009067574.593.75$2,532
Oct 2009082572.544.11$3,391
Sep 2009094365.543.06$2,890
Aug 2009097967.423.22$3,151
Jul 200919567561.133.46$14,259
Jun 2009089766.163.90$3,494
May 200901,27354.743.93$4,997
Apr 2009091646.773.59$3,286
Mar 200901,15442.144.06$4,684
Feb 2009081932.814.63$3,794
Jan 2009090635.865.37$4,866
Dec 2008065537.105.98$3,915
Nov 200801,04655.496.86$7,176
Oct 200801,05975.246.92$7,330
Sep 20080764101.767.88$6,018
Aug 20080650114.228.48$5,514
Jul 200801,077131.0811.39$12,266
Jun 20080735131.3313.03$9,579
May 20081001,931123.1711.57$34,667
Apr 200801,677110.3110.45$17,533
Mar 200801,857101.909.66$17,946
Feb 2008078092.538.77$6,841
Jan 200801,36190.388.21$11,168
Dec 2007069688.337.30$5,082
Nov 200701,18591.677.29$8,641
Oct 200701,24982.856.92$8,646
Sep 2007068475.846.24$4,271
Aug 2007055169.066.39$3,520
Jul 2007085170.906.39$5,436
Jun 2007057362.007.55$4,325
May 200720171658.747.85$17,425
Apr 200701,01659.617.81$7,930
Mar 200701,14956.927.30$8,390
Feb 2007090555.108.22$7,435
Jan 200701,71550.306.73$11,537
Dec 2006051056.656.92$3,528
Nov 2006079854.207.62$6,079
Oct 200602254.906.01$132
Sep 2006093360.085.04$4,700
Aug 200601,05068.717.34$7,707
Jul 2006087669.376.34$5,556
Jun 2006060666.286.38$3,869
May 2006090766.016.42$5,827
Apr 20061981,16764.397.36$21,339
Mar 200601,75256.707.08$12,409
Feb 200601,33657.597.75$10,356
Jan 2006094160.598.93$8,406
Dec 200501,10954.9413.42$14,878
Nov 200501,77254.6910.59$18,763
Oct 200501,53958.3413.80$21,232
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 2005061052.337.38$4,502
May 200501,30245.226.65$8,660
Apr 2005065049.207.36$4,784
Mar 20050050.377.15$0
Feb 200501,19145.226.31$7,518
Jan 200501,19143.166.32$7,530
Dec 2004023839.866.75$1,607
Nov 2004055345.286.33$3,501
Oct 2004055349.706.52$3,603
Sep 2004064843.245.28$3,424
Aug 2004081042.375.55$4,496
Jul 2004075538.286.08$4,594
Jun 2004086036.106.43$5,532
May 2004082637.486.49$5,365
Apr 200419073834.475.86$10,873
Mar 2004081234.365.53$4,490
Feb 200401,14232.455.51$6,292
Jan 2004059932.036.30$3,773
Dec 2003057430.266.30$3,617
Nov 200301,03728.804.60$4,765
Oct 2003096628.174.76$4,598
Sep 200301,15526.314.75$5,486
Aug 200301,19429.765.13$6,125
Jul 200301,75129.415.17$9,054
Jun 200301,12228.565.98$6,713
May 200301,58726.595.97$9,479
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20031701,38230.315.58$12,867
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 200201,82126.464.23$7,701
Sep 20020027.443.64$0
Aug 20021952,54225.963.16$13,105
Jul 200202,26124.583.06$6,923
Jun 20020023.733.34$0
May 200201,79124.663.58$6,419
Apr 200202,48423.653.51$8,725
Mar 200203,31322.003.10$10,279
Feb 20021942,46518.222.38$9,391
Jan 200204,30217.172.38$10,220
Dec 200103,23816.932.36$7,656
Nov 200103,55018.072.41$8,540
Oct 200101,48319.782.53$3,750
Sep 20011963,22124.262.25$12,006
Aug 200102,22724.873.05$6,799
Jul 200102,78823.933.20$8,913
Jun 200102,08724.563.82$7,981
May 200103,87425.524.31$16,687
Apr 20012003,49424.685.34$23,578
Mar 200104,32324.545.38$23,242
Feb 200104,08727.755.77$23,570
Jan 20011922,10927.478.40$22,987
Dec 200001,15826.889.12$10,564
Nov 200004,31332.215.66$24,403
Oct 20001966,06731.235.15$37,339
Sep 200002,81531.875.19$14,600
Aug 200007,26029.644.54$32,966
Jul 200005,52028.534.09$22,575
Jun 200002,36729.304.40$10,408
May 200003,36227.263.68$12,371
Apr 200001,64624.513.12$5,129
Mar 200002,69128.422.86$7,696
Feb 20001902,15027.622.73$11,110
Jan 20000125.272.48$2
Dec 199902,12424.282.42$5,148
Nov 199902,69823.192.43$6,567
Oct 19993623,67720.982.80$17,904
Sep 199902,21721.752.62$5,806
Aug 199904,15619.262.88$11,951
Jul 199902,89417.892.37$6,866
Jun 199902,09615.942.36$4,951
May 199904,69215.792.32$10,890
Apr 199904,84915.102.21$10,707
Mar 19991954,92812.471.84$11,491
Feb 199906,5099.981.82$11,832
Jan 19991934,58010.381.90$10,705
Dec 199806,1479.201.77$10,901
Nov 199801,82610.892.19$3,991
Oct 19983395,19812.421.97$14,446
Sep 199805,99512.592.08$12,485
Aug 199806,35211.301.91$12,115
Jul 19983426,09611.742.24$17,653
Jun 199807,07811.242.24$15,835
May 1998012,08812.622.21$26,670
Apr 19981906,75013.042.51$19,389
Mar 19983507,56512.802.31$21,951
Feb 199809,73613.952.30$22,384
Jan 19981966,06014.702.15$15,939
Dec 199720210,21216.322.41$27,919
Nov 199719411,02518.193.09$37,577
Oct 19971929,20319.253.15$32,684
Sep 199719115,40317.742.95$48,902
Aug 199737019,84417.862.55$57,304
Jul 199738623,27417.582.25$59,081
Jun 199738827,02217.242.26$67,683
May 199756632,25718.972.31$85,202
Apr 199757836,78517.882.08$86,950
Mar 199758045,60218.951.94$99,420
Feb 199759336,85020.492.21$93,438
Jan 199779351,66423.483.54$201,495
Dec 199677663,23323.32$18,096
Nov 19961,29381,91121.97$28,407
Oct 19962,05199,32423.31$47,809
Sep 19962,967213,89122.22$65,927
Aug 1996046,36320.26$0
Jul 19960019.55$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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                   80 Mcf  × $  2.87 =       $230

────────────────────────────────────────────────────
Month total                                     $230

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/160131 is the state's own key, not one this site invented.