LAURA OL

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 161341District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.4 M
Aug 1996 – May 2026
Value, last 12 filed months
$12 k
at the published price for each month
Months reported
358
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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
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 2018-10-16.

The Commission's schedule remark for this field reads: AMENDED DRILLING PERMITS, NOTICE, OR HEARING.

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 Gas111997-02-12135714
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
CondensateDisposition174,160 bbl$4,864,378
GasProduction2,827,051 Mcf$7,554,696
Total$12,419,074

410,794 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 30.5192, -96.1241. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.51919, -96.12409 · 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
14,383 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 14,383 ft.

Completions filed
Aug 1996
1 of 1 wells

1 well

42-185305761H14,383 ftAug 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 (358)

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

358 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 2026054389.753.15$1,710
Feb 20260063.503.75$0
Jan 2026037459.138.00$2,991
Dec 2025010056.664.41$441
Nov 2025018258.593.93$715
Oct 2025031959.383.30$1,054
Sep 20250562.743.08$15
Aug 20250263.933.01$6
Jul 202501,45166.743.32$4,810
Jun 20250066.483.13$0
May 202503660.553.23$116
Apr 20250062.363.54$0
Mar 2025489367.704.27$3,647
Feb 20251941,50070.884.34$20,262
Jan 202501,15874.324.28$4,955
Dec 20241941,75168.993.12$18,850
Nov 20241841,85469.052.20$16,781
Oct 202401,73371.372.28$3,954
Sep 20241582,11369.612.36$15,994
Aug 202441,20575.632.06$2,789
Jul 202401,16279.932.15$2,494
Jun 2024046978.082.63$1,235
May 20247812978.812.20$6,431
Apr 20241881,73584.451.66$18,755
Mar 202401,97580.301.55$3,052
Feb 20241901,66776.091.78$17,430
Jan 20241871,27573.023.30$17,859
Dec 202302,22271.262.61$5,801
Nov 20231851,57577.892.81$18,832
Oct 20231941,87585.443.09$22,364
Sep 202301,78989.042.74$4,893
Aug 20231861,62580.522.67$19,320
Jul 2023157674.852.64$1,597
Jun 202301,15768.962.26$2,613
May 20231931,84270.622.23$17,733
Apr 2023097578.122.24$2,182
Mar 2023041372.852.39$988
Feb 20231931,64975.112.47$18,562
Jan 202301,34876.533.39$4,567
Dec 2022052676.415.73$3,014
Nov 20221941,17585.005.65$23,124
Oct 202201,15287.185.86$6,755
Sep 202201,51384.888.16$12,352
Aug 202201,45194.529.13$13,244
Jul 20221921,250101.587.54$28,931
Jun 202211,415115.097.98$11,403
May 20220910109.378.43$7,674
Apr 202201,800104.226.84$12,308
Mar 20221931,698108.885.08$29,634
Feb 2022078991.054.86$3,834
Jan 202219196381.844.54$20,001
Dec 202102,49171.323.90$9,713
Nov 202102,63077.435.24$13,773
Oct 20211921,74379.795.71$25,279
Sep 202101,40469.865.35$7,513
Aug 2021057066.024.22$2,406
Jul 2021015270.783.98$605
Jun 2021012069.493.38$406
May 2021014763.483.02$444
Apr 202109660.362.76$265
Mar 202105061.302.72$136
Feb 2021091757.805.55$5,087
Jan 20210050.412.81$0
Dec 2020013844.642.68$369
Nov 2020011638.772.71$314
Oct 2020015036.972.48$372
Sep 2020011337.091.99$225
Aug 2020013039.982.39$310
Jul 2020050838.371.83$927
Jun 202002,19134.901.69$3,703
May 20201332,12116.921.81$6,099
Apr 20201181,78514.751.80$4,961
Mar 202001,70230.341.86$3,159
Feb 2020056649.881.98$1,121
Jan 202001,26257.252.09$2,644
Dec 2019951,20659.012.30$8,385
Nov 201901,16255.302.75$3,196
Oct 2019096253.472.42$2,327
Sep 20191881,05455.052.66$13,150
Aug 20191892,87453.112.30$16,661
Jul 20190056.272.46$0
Jun 2019044652.782.49$1,111
May 201919364458.482.74$13,051
Apr 201902,27562.632.75$6,258
Mar 201901,31856.803.06$4,036
Feb 20191862,42550.852.79$16,229
Jan 20191911,95746.033.23$15,109
Dec 201802,05946.594.19$8,618
Nov 20181962,44852.934.24$20,747
Oct 201801,85561.443.40$6,303
Sep 20181922,11659.543.11$18,008
Aug 201802,63359.403.07$8,074
Jul 201818975965.142.93$14,537
Jun 20181851,79860.183.08$16,666
May 201801,61965.382.90$4,696
Apr 20181922,60763.842.90$19,820
Mar 20181723,00261.222.79$18,896
Feb 201802,24861.782.77$6,218
Jan 201801,74562.874.01$6,996
Dec 201701,01657.272.92$2,968
Nov 201718957555.423.12$12,267
Oct 201702,19249.292.98$6,540
Sep 2017121,82247.523.09$6,195
Aug 20171871,79945.373.00$13,889
Jul 20171863,18143.873.09$17,980
Jun 20171893,38542.493.09$18,481
May 201703,07245.373.26$10,025
Apr 20171823,03747.933.21$18,477
Mar 201703,28946.772.98$9,813
Feb 20171932,88750.452.95$18,261
Jan 20171893,30349.413.42$20,631
Dec 201603,66948.763.72$13,659
Nov 201618639542.492.64$8,948
Oct 201603,50646.193.09$10,834
Sep 20161853,96841.553.10$19,990
Aug 20161792,70441.442.92$15,325
Jul 201602,71241.622.92$7,931
Jun 20161821,17645.352.69$11,412
May 201603,12142.521.99$6,214
Apr 20161862,97736.561.99$12,727
Mar 201602,87433.011.79$5,156
Feb 20161892,76826.472.06$10,715
Jan 20161952,83427.352.36$12,034
Dec 201503,20432.362.00$6,413
Nov 20151193,51238.792.17$12,228
Oct 20151303,03343.552.43$13,021
Sep 20151923,58342.992.76$18,138
Aug 201503,98240.162.87$11,438
Jul 20151924,28048.152.95$21,850
Jun 20151892,10356.152.88$16,675
May 201503,26855.212.96$9,658
Apr 20151933,57049.822.71$19,278
Mar 201503,52042.892.93$10,330
Feb 20151954,15144.662.98$21,063
Jan 20151833,39343.433.10$18,468
Dec 20141933,43854.693.59$22,902
Nov 20141953,30570.464.25$27,792
Oct 20141953,60378.303.90$29,324
Sep 201403,55986.164.05$14,398
Aug 20141924,01089.394.04$33,344
Jul 20141974,20396.564.18$36,589
Jun 20141963,93498.164.74$37,874
May 201403,91694.734.73$18,509
Apr 20141903,79595.944.81$36,479
Mar 20143943,86695.895.06$57,330
Feb 20141944,13397.406.19$44,487
Jan 201404,29790.404.86$20,887
Dec 20131974,33891.824.35$36,978
Nov 20131944,50588.853.74$34,078
Oct 20131924,40997.423.78$35,368
Sep 20131924,653104.113.72$37,288
Aug 201305,012104.253.52$17,655
Jul 20131845,311102.523.72$38,609
Jun 20131805,30494.403.93$37,855
May 20131935,68094.834.15$41,869
Apr 20131824,91293.964.28$38,137
Mar 20131974,59693.623.91$36,427
Feb 20131944,84591.233.42$34,268
Jan 20131964,12591.603.42$32,061
Dec 20121923,88786.773.42$29,954
Nov 20121874,26386.953.62$31,713
Oct 20122734,60189.383.40$40,043
Sep 20121924,43194.672.92$31,108
Aug 20121885,44392.662.91$33,249
Jul 20121935,69385.133.02$33,628
Jun 20121805,64479.822.52$28,585
May 20121936,10391.612.49$32,867
Apr 20121956,431101.652.00$32,663
Mar 20123687,269105.052.22$54,811
Feb 20121866,043101.102.57$34,337
Jan 20123957,34798.092.73$58,833
Dec 20111936,99496.873.24$41,355
Nov 20113866,91695.723.31$59,849
Oct 20111945,50484.983.65$36,568
Sep 20113828,03183.623.99$63,953
Aug 20111877,74783.404.15$47,741
Jul 20111828,28194.144.52$54,541
Jun 20113848,18892.904.64$73,665
May 20113837,66498.134.40$71,342
Apr 20111966,210105.964.33$47,678
Mar 20113906,64296.364.06$64,529
Feb 20111966,30385.644.18$43,132
Jan 20111955,34286.504.59$41,381
Dec 20103876,86985.734.35$63,042
Nov 20103746,49080.843.80$54,866
Oct 20101925,17878.103.51$33,164
Sep 20101932,38072.633.98$23,489
Aug 2010078673.684.42$3,474
Jul 2010060572.554.74$2,866
Jun 201018383670.364.91$16,981
May 201001,00071.124.24$4,235
Apr 201019387181.694.12$19,357
Mar 2010077678.394.39$3,406
Feb 201001,79973.585.44$9,791
Jan 2010086974.365.96$5,183
Dec 200919593171.445.48$19,036
Nov 200901,00574.593.75$3,770
Oct 2009095272.544.11$3,913
Sep 2009075265.543.06$2,305
Aug 200919196267.423.22$15,973
Jul 200901,07661.133.46$3,728
Jun 2009096066.163.90$3,739
May 20091021,04854.743.93$9,698
Apr 200901,18246.773.59$4,240
Mar 20091611,42042.144.06$12,548
Feb 200901,01532.814.63$4,703
Jan 20092201,32635.865.37$15,011
Dec 200811,83837.105.98$11,023
Nov 20081191,68555.496.86$18,163
Oct 20081711,65475.246.92$24,315
Sep 200801,091101.767.88$8,594
Aug 20082221,333114.228.48$36,665
Jul 20081991,232131.0811.39$40,117
Jun 200801,295131.3313.03$16,877
May 20080915123.1711.57$10,590
Apr 20081211,367110.3110.45$27,639
Mar 2008971,273101.909.66$22,187
Feb 20082031,31992.538.77$30,352
Jan 200801,16090.388.21$9,519
Dec 200701,41288.337.30$10,310
Nov 20071741,30591.677.29$25,466
Oct 200701,72882.856.92$11,961
Sep 200701,63375.846.24$10,197
Aug 2007911,68669.066.39$17,055
Jul 2007951,40370.906.39$15,698
Jun 200701,73562.007.55$13,097
May 2007941,16958.747.85$14,694
Apr 200701,55959.617.81$12,168
Mar 20071061,62256.927.30$17,877
Feb 2007961,34955.108.22$16,373
Jan 20071211,42650.306.73$15,679
Dec 20061051,52856.656.92$16,520
Nov 200601,79754.207.62$13,689
Oct 20061402,07254.906.01$20,147
Sep 20061131,88460.085.04$16,279
Aug 20061211,91968.717.34$22,399
Jul 200602,05869.376.34$13,053
Jun 2006431,48166.286.38$12,305
May 20061841,98266.016.42$24,880
Apr 20061091,94064.397.36$21,298
Mar 20061882,62056.707.08$29,217
Feb 200602,75557.597.75$21,354
Jan 20062773,03060.598.93$43,851
Dec 20051021,57154.9413.42$26,679
Nov 200501,57754.6910.59$16,698
Oct 2005671,42358.3413.80$23,540
Sep 20051042,16161.4512.08$32,494
Aug 20051872,16861.519.80$32,742
Jul 2005391,81555.697.84$16,408
Jun 20051752,22952.337.38$25,610
May 20052002,50645.226.65$25,712
Apr 200502,36449.207.36$17,400
Mar 20052043,00250.377.15$31,754
Feb 200502,54445.226.31$16,058
Jan 20051892,76743.166.32$25,651
Dec 20042023,49439.866.75$31,640
Nov 20042042,58145.286.33$25,576
Oct 20041864,05749.706.52$35,676
Sep 20041934,20543.245.28$30,564
Aug 200404,26742.375.55$23,685
Jul 20042005,80338.286.08$42,963
Jun 20041843,89936.106.43$31,725
May 20041953,55437.486.49$30,390
Apr 20041783,64534.475.86$27,490
Mar 20042004,20034.365.53$30,099
Feb 20042023,33732.455.51$24,941
Jan 20041983,05732.036.30$25,600
Dec 20032023,35730.266.30$27,267
Nov 20031952,95428.804.60$19,190
Oct 20032013,84328.174.76$23,953
Sep 20031993,88026.314.75$23,663
Aug 20031973,72629.765.13$24,976
Jul 20031814,45929.415.17$28,380
Jun 200303,88628.565.98$23,250
May 20033534,02926.595.97$33,450
Apr 20031814,16026.675.41$27,322
Mar 20031844,96231.146.10$35,978
Feb 20031823,16133.487.93$31,147
Jan 20031844,31930.315.58$29,686
Dec 20023502,92426.914.85$23,611
Nov 20021812,80424.664.14$16,064
Oct 200203,99826.464.23$16,908
Sep 20023604,41327.443.64$25,921
Aug 20021833,90325.963.16$17,100
Jul 20021803,12624.583.06$13,995
Jun 20021793,92923.733.34$17,364
May 20021793,47724.663.58$16,876
Apr 20021743,44223.653.51$16,205
Mar 20021814,21522.003.10$17,060
Feb 20023605,07218.222.38$18,609
Jan 20021751,43217.172.38$6,407
Dec 20011753,44816.932.36$11,115
Nov 20013654,33918.072.41$17,033
Oct 20013655,76319.782.53$21,794
Sep 20013594,30524.262.25$18,401
Aug 20013573,79624.873.05$20,468
Jul 20011794,29023.933.20$17,999
Jun 20013604,99424.563.82$27,939
May 200102,12125.524.31$9,136
Apr 20011822,47224.685.34$17,681
Mar 20017368,88524.545.38$65,831
Feb 20013689,14827.755.77$62,969
Jan 20013582,53727.478.40$31,142
Dec 20005486,64126.889.12$75,313
Nov 20007379,34632.215.66$76,618
Oct 20001,09214,04531.235.15$106,372
Sep 20001,06811,56631.875.19$94,024
Aug 200090211,61529.644.54$79,476
Jul 200091312,93528.534.09$78,949
Jun 20001,27314,90829.304.40$102,853
May 20001,26716,38627.263.68$94,835
Apr 20001,45020,41224.513.12$99,143
Mar 200053610,78628.422.86$46,078
Feb 20005437,81727.622.73$36,311
Jan 200088811,44425.272.48$50,827
Dec 199988312,25024.282.42$51,130
Nov 19993669,60623.192.43$31,868
Oct 199953311,11620.982.80$42,348
Sep 199969612,50421.752.62$47,884
Aug 199971714,02019.262.88$54,125
Jul 199988014,39817.892.37$49,901
Jun 199990215,28715.942.36$50,487
May 199988113,78515.792.32$45,906
Apr 199987415,19815.102.21$46,755
Mar 19991,09816,58012.471.84$44,172
Feb 19991,23818,4439.981.82$45,881
Jan 19991,25423,06810.381.90$56,845
Dec 19981,80822,5389.201.77$56,601
Nov 19981,07821,76110.892.19$59,303
Oct 19981,41926,56912.421.97$69,944
Sep 19981,60129,44212.592.08$81,473
Aug 19981,76833,25611.301.91$83,409
Jul 19981,92535,04611.742.24$101,007
Jun 19981,95639,60211.242.24$110,586
May 19982,51352,40112.622.21$147,328
Apr 19982,68245,27813.042.51$148,410
Mar 19982,71850,42712.802.31$151,249
Feb 19983,07251,16013.952.30$160,478
Jan 19983,21246,82514.702.15$148,114
Dec 19973,45247,86316.322.41$171,739
Nov 19973,44953,99218.193.09$229,479
Oct 19973,59866,53319.253.15$278,828
Sep 19974,27855,04617.742.95$238,546
Aug 19975,30564,07217.862.55$258,435
Jul 19975,37575,41517.582.25$263,945
Jun 19974,67776,31917.242.26$252,899
May 19976,12288,14018.972.31$319,606
Apr 19977,46699,15817.882.08$340,016
Mar 19976,25793,52318.951.94$299,924
Feb 19973,54253,13420.492.21$189,784
Jan 19975,02471,04323.483.54$369,434
Dec 19965,22976,13723.32$121,940
Nov 19966,35979,76521.97$139,707
Oct 19966,84293,45223.31$159,487
Sep 19967,58594,68122.22$168,539
Aug 19964,91666,75920.26$99,598

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.

Mar 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 89.75 =         $0
Gas                  543 Mcf  × $  3.15 =     $1,710

────────────────────────────────────────────────────
Month total                                   $1,710

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/161341 is the state's own key, not one this site invented.