HUGHES

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 161372District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.6 M
Nov 1996 – May 2026
Value, last 12 filed months
$113 k
at the published price for each month
Months reported
355
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 Gas111997-11-07136045
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
CondensateDisposition27 bbl$861
GasProduction6,521,848 Mcf$19,620,506
Total$19,621,367

1,100,283 Mcf of this lease's gas, across 2 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 30.2116, -96.4106. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.21160, -96.41061 · 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
1,879 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 1,879 ft.

Completions filed
Nov 1996
1 of 1 wells

1 well

42-477308301H1,879 ftNov 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 (355)

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

355 months

May 202602,579106.413.05$7,855
Apr 202602,31198.932.87$6,632
Mar 202602,35789.753.15$7,423
Feb 202602,48363.503.75$9,312
Jan 202602,84059.138.00$22,714
Dec 202502,94856.664.41$13,011
Nov 202502,48958.593.93$9,773
Oct 202502,51059.383.30$8,295
Sep 202502,47662.743.08$7,618
Aug 202502,49663.933.01$7,525
Jul 202502,13166.743.32$7,065
Jun 202501,70266.483.13$5,325
May 202502,26160.553.23$7,308
Apr 202502,17962.363.54$7,720
Mar 202501,52167.704.27$6,492
Feb 202501,72770.884.34$7,497
Jan 202502,67774.324.28$11,454
Dec 202402,43768.993.12$7,607
Nov 202402,78969.052.20$6,131
Oct 202402,56671.372.28$5,854
Sep 202402,55969.612.36$6,050
Aug 202412,65875.632.06$5,561
Jul 202402,66379.932.15$5,716
Jun 202402,66978.082.63$7,030
May 202403,07378.812.20$6,756
Apr 202402,94684.451.66$4,888
Mar 202403,24180.301.55$5,008
Feb 202403,34276.091.78$5,961
Jan 202402,85673.023.30$9,418
Dec 202302,65771.262.61$6,937
Nov 202302,63077.892.81$7,384
Oct 202302,76585.443.09$8,536
Sep 202302,68489.042.74$7,341
Aug 202302,90680.522.67$7,767
Jul 202303,14974.852.64$8,319
Jun 202302,47468.962.26$5,587
May 202302,84470.622.23$6,335
Apr 202302,87078.122.24$6,422
Mar 202302,75172.852.39$6,584
Feb 202303,49675.112.47$8,620
Jan 202303,22876.533.39$10,936
Dec 202202,91476.415.73$16,695
Nov 202203,00285.005.65$16,950
Oct 202203,06187.185.86$17,949
Sep 202203,01684.888.16$24,622
Aug 202203,09294.529.13$28,221
Jul 202202,930101.587.54$22,098
Jun 202202,973115.097.98$23,716
May 202203,303109.378.43$27,854
Apr 202203,048104.226.84$20,841
Mar 202204,044108.885.08$20,529
Feb 202202,54991.054.86$12,385
Jan 202203,30181.844.54$14,979
Dec 202103,24671.323.90$12,657
Nov 202103,14977.435.24$16,491
Oct 202103,16679.795.71$18,090
Sep 202103,20969.865.35$17,171
Aug 202103,34766.024.22$14,126
Jul 202103,31970.783.98$13,217
Jun 202103,45969.493.38$11,694
May 202103,69963.483.02$11,162
Apr 202103,61960.362.76$9,983
Mar 202105,00261.302.72$13,590
Feb 202102,51657.805.55$13,959
Jan 202103,09150.412.81$8,687
Dec 202003,52044.642.68$9,418
Nov 202003,42938.772.71$9,281
Oct 202003,62436.972.48$8,982
Sep 202003,60537.091.99$7,178
Aug 202003,90039.982.39$9,302
Jul 202003,91538.371.83$7,145
Jun 202003,58434.901.69$6,058
May 202003,74116.921.81$6,789
Apr 202003,67614.751.80$6,633
Mar 202003,81930.341.86$7,089
Feb 202003,57449.881.98$7,079
Jan 202004,41557.252.09$9,248
Dec 201903,17559.012.30$7,316
Nov 201903,76655.302.75$10,359
Oct 201903,74653.472.42$9,060
Sep 201903,80055.052.66$10,098
Aug 201903,90453.112.30$8,996
Jul 201903,83456.272.46$9,432
Jun 201903,46352.782.49$8,627
May 201903,77958.482.74$10,356
Apr 201903,88562.632.75$10,686
Mar 201904,37156.803.06$13,384
Feb 201903,74050.852.79$10,443
Jan 201903,72446.033.23$12,022
Dec 201804,12146.594.19$17,248
Nov 201803,79752.934.24$16,089
Oct 201804,24061.443.40$14,408
Sep 201804,07659.543.11$12,668
Aug 201804,13759.403.07$12,686
Jul 201804,05365.142.93$11,883
Jun 201804,16660.183.08$12,818
May 201804,34465.382.90$12,601
Apr 201804,34763.842.90$12,610
Mar 201804,43261.222.79$12,351
Feb 201803,88161.782.77$10,735
Jan 201804,14462.874.01$16,615
Dec 201704,35857.272.92$12,732
Nov 201723,97355.423.12$12,500
Oct 201704,15649.292.98$12,400
Sep 201704,22447.523.09$13,041
Aug 201703,86245.373.00$11,603
Jul 201704,39743.873.09$13,575
Jun 201704,34842.493.09$13,423
May 201704,38145.373.26$14,297
Apr 201704,45347.933.21$14,301
Mar 201704,59746.772.98$13,716
Feb 201704,14850.452.95$12,247
Jan 201704,36249.413.42$14,913
Dec 201604,68948.763.72$17,456
Nov 201604,40542.492.64$11,648
Oct 201604,56746.193.09$14,113
Sep 201604,54341.553.10$14,086
Aug 201604,32041.442.92$12,633
Jul 201604,86141.622.92$14,215
Jun 201604,32545.352.69$11,616
May 201604,84842.521.99$9,653
Apr 201604,59036.561.99$9,139
Mar 201604,89433.011.79$8,780
Feb 201604,23726.472.06$8,744
Jan 201604,68727.352.36$11,082
Dec 201506,18632.362.00$12,381
Nov 201504,37138.792.17$9,473
Oct 201505,93343.552.43$14,397
Sep 201504,01542.992.76$11,075
Aug 201505,05540.162.87$14,520
Jul 201505,11948.152.95$15,076
Jun 201505,09856.152.88$14,697
May 201505,24055.212.96$15,487
Apr 201505,30549.822.71$14,358
Mar 201506,62842.892.93$19,451
Feb 201504,90544.662.98$14,598
Jan 201505,31743.433.10$16,486
Dec 201405,98654.693.59$21,498
Nov 201406,26270.464.25$26,625
Oct 201407,12278.303.90$27,783
Sep 201407,33986.164.05$29,689
Aug 2014010,30789.394.04$41,590
Jul 2014011,14996.564.18$46,598
Jun 201406,01098.164.74$28,469
May 201403,70894.734.73$17,526
Apr 201403,84995.944.81$18,510
Mar 201403,99695.895.06$20,207
Feb 201402,94297.406.19$18,217
Jan 201403,41290.404.86$16,585
Dec 201303,61191.824.35$15,724
Nov 201302,91888.853.74$10,908
Oct 201303,48197.423.78$13,156
Sep 201303,502104.113.72$13,020
Aug 201303,733104.253.52$13,150
Jul 201304,020102.523.72$14,945
Jun 201304,05394.403.93$15,942
May 201304,24394.834.15$17,605
Apr 201304,09793.964.28$17,546
Mar 201304,39193.623.91$17,181
Feb 201303,44591.233.42$11,782
Jan 201303,12991.603.42$10,701
Dec 201203,54586.773.42$12,124
Nov 201204,01986.953.62$14,569
Oct 201204,14789.383.40$14,098
Sep 201204,78394.672.92$13,959
Aug 201205,12092.662.91$14,890
Jul 201205,67985.133.02$17,155
Jun 201203,37579.822.52$8,502
May 201205,51591.612.49$13,723
Apr 201205,319101.652.00$10,621
Mar 201205,696105.052.22$12,657
Feb 201205,551101.102.57$14,267
Jan 201205,67698.092.73$15,519
Dec 201105,30596.873.24$17,187
Nov 201105,00495.723.31$16,570
Oct 201105,75484.983.65$20,994
Sep 201105,44283.623.99$21,691
Aug 201105,92483.404.15$24,581
Jul 201106,48194.144.52$29,276
Jun 201106,24592.904.64$28,976
May 201106,28398.134.40$27,675
Apr 201106,212105.964.33$26,918
Mar 201106,33396.364.06$25,695
Feb 201106,07685.644.18$25,398
Jan 201106,62786.504.59$30,410
Dec 201006,80585.734.35$29,586
Nov 201006,27080.843.80$23,797
Oct 201006,72178.103.51$23,583
Sep 201004,80072.633.98$19,101
Aug 201006,06873.684.42$26,817
Jul 201006,72372.554.74$31,843
Jun 201006,55170.364.91$32,168
May 201006,53371.124.24$27,669
Apr 201006,56181.694.12$27,049
Mar 201006,86678.394.39$30,133
Feb 201005,95573.585.44$32,409
Jan 201005,88974.365.96$35,123
Dec 200906,82771.445.48$37,438
Nov 200906,58674.593.75$24,707
Oct 200905,32672.544.11$21,891
Sep 200905,59865.543.06$17,156
Aug 200905,40367.423.22$17,390
Jul 200905,84861.133.46$20,260
Jun 200907,05466.163.90$27,475
May 200907,28954.743.93$28,615
Apr 200907,01346.773.59$25,159
Mar 200907,20642.144.06$29,249
Feb 200906,87032.814.63$31,829
Jan 200907,08835.865.37$38,070
Dec 200816,81337.105.98$40,759
Nov 200806,97055.496.86$47,817
Oct 200807,14075.246.92$49,423
Sep 200805,294101.767.88$41,701
Aug 200806,265114.228.48$53,146
Jul 200807,372131.0811.39$83,963
Jun 200807,198131.3313.03$93,809
May 200807,374123.1711.57$85,349
Apr 200807,424110.3110.45$77,617
Mar 200807,750101.909.66$74,897
Feb 200806,57692.538.77$57,675
Jan 200806,65990.388.21$54,642
Dec 200706,66888.337.30$48,690
Nov 200706,82091.677.29$49,729
Oct 200706,95882.856.92$48,163
Sep 200707,12875.846.24$44,508
Aug 200707,34969.066.39$46,945
Jul 200707,10170.906.39$45,361
Jun 200707,43462.007.55$56,115
May 200707,84758.747.85$61,570
Apr 200706,38759.617.81$49,852
Mar 200707,66956.927.30$55,999
Feb 200707,05755.108.22$57,980
Jan 200707,41550.306.73$49,880
Dec 200606,62956.656.92$45,862
Nov 200606,52754.207.62$49,719
Oct 200607,12854.906.01$42,866
Sep 200607,77560.085.04$39,164
Aug 200607,74468.717.34$56,840
Jul 200608,34269.376.34$52,911
Jun 200607,88666.286.38$50,343
May 200609,93066.016.42$63,800
Apr 2006111,56864.397.36$85,210
Mar 200619,24056.707.08$65,503
Feb 200616,30757.597.75$48,944
Jan 2006010,12560.598.93$90,450
Dec 2005111,71554.9413.42$157,216
Nov 2005015,09554.6910.59$159,832
Oct 200506,58858.3413.80$90,886
Sep 200508,11761.4512.08$98,045
Aug 2005013,12761.519.80$128,603
Jul 2005010,78555.697.84$84,594
Jun 200516,70552.337.38$49,542
May 200509,80845.226.65$65,235
Apr 200509,57349.207.36$70,462
Mar 2005011,31850.377.15$80,979
Feb 2005012,69345.226.31$80,117
Jan 2005015,94543.166.32$100,807
Dec 2004017,25639.866.75$116,497
Nov 2004017,55045.286.33$111,099
Oct 2004017,73349.706.52$115,532
Sep 2004015,09943.245.28$79,782
Aug 2004015,80042.375.55$87,700
Jul 2004016,46938.286.08$100,200
Jun 2004013,27436.106.43$85,392
May 2004016,61637.486.49$107,914
Apr 2004017,62534.475.86$103,255
Mar 2004021,11134.365.53$116,747
Feb 2004018,98332.455.51$104,589
Jan 2004018,16232.036.30$114,414
Dec 2003019,79030.266.30$124,709
Nov 2003015,31428.804.60$70,370
Oct 2003017,47228.174.76$83,160
Sep 2003018,98126.314.75$90,148
Aug 2003021,21229.765.13$108,812
Jul 2003022,73829.415.17$117,575
Jun 2003025,53028.565.98$152,745
May 2003031,50026.595.97$188,139
Apr 2003036,66126.675.41$198,236
Mar 2003032,97331.146.10$201,005
Feb 2003022,42433.487.93$177,730
Jan 2003012,48730.315.58$69,703
Dec 2002015,30626.914.85$74,292
Nov 2002017,22824.664.14$71,272
Oct 2002024,90726.464.23$105,335
Sep 2002010,90627.443.64$39,645
Aug 2002018,54025.963.16$58,664
Jul 2002021,23724.583.06$65,023
Jun 200209,32823.733.34$31,139
May 2002025,88724.663.58$92,779
Apr 2002029,47223.653.51$103,515
Mar 2002027,00022.003.10$83,773
Feb 2002023,33318.222.38$55,432
Jan 2002024,59917.172.38$58,439
Dec 2001027,19616.932.36$64,302
Nov 2001027,94018.072.41$67,210
Oct 2001023,90719.782.53$60,458
Sep 2001027,23724.262.25$61,319
Aug 2001026,39924.873.05$80,600
Jul 2001028,14323.933.20$89,975
Jun 2001027,72124.563.82$106,010
May 2001026,60325.524.31$114,588
Apr 2001026,01824.685.34$138,814
Mar 2001032,04324.545.38$172,277
Feb 2001029,67527.755.77$171,138
Jan 2001032,26427.478.40$270,978
Dec 2000031,01326.889.12$282,916
Nov 2000029,77632.215.66$168,473
Oct 2000024,87031.235.15$127,969
Sep 2000026,13231.875.19$135,534
Aug 2000021,01329.644.54$95,415
Jul 2000031,11428.534.09$127,248
Jun 2000034,72329.304.40$152,686
May 2000044,55127.263.68$163,937
Apr 200003,50324.513.12$10,915
Mar 2000032,65728.422.86$93,391
Feb 2000030,43227.622.73$82,973
Jan 2000035,32225.272.48$87,616
Dec 1999035,88024.282.42$86,963
Nov 1999036,82123.192.43$89,622
Oct 1999035,45520.982.80$99,406
Sep 1999036,21121.752.62$94,831
Aug 1999035,68919.262.88$102,627
Jul 1999026,49917.892.37$62,865
Jun 1999045,88015.942.36$108,373
May 1999052,06015.792.32$120,832
Apr 1999047,50815.102.21$104,900
Mar 1999055,78412.471.84$102,549
Feb 1999050,0409.981.82$90,962
Jan 1999059,75010.381.90$113,522
Dec 1998068,2419.201.77$121,013
Nov 1998057,42610.892.19$125,517
Oct 1998044,38612.421.97$87,405
Sep 1998041,50512.592.08$86,439
Aug 1998047,74211.301.91$91,061
Jul 1998047,29911.742.24$105,821
Jun 1998051,97511.242.24$116,282
May 1998055,21412.622.21$121,821
Apr 1998056,84413.042.51$142,413
Mar 19980012.802.31$0
Feb 1998054,81913.952.30$126,036
Jan 1998064,33014.702.15$138,618
Dec 1997070,77716.322.41$170,650
Nov 1997066,69918.193.09$205,984
Oct 1997082,98819.253.15$261,397
Sep 1997082,93717.742.95$245,069
Aug 1997097,03417.862.55$247,897
Jul 19970109,57117.582.25$246,199
Jun 19972118,77317.242.26$268,129
May 19973137,62318.972.31$317,760
Apr 19975144,89417.882.08$301,872
Mar 19973176,83318.951.94$342,961
Feb 19971204,59520.492.21$451,337
Jan 19973315,60523.483.54$1,117,217
Dec 19961575,68423.32$23
Nov 19960524,59921.97$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                2,579 Mcf  × $  3.05 =     $7,855

────────────────────────────────────────────────────
Month total                                   $7,855

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/161372 is the state's own key, not one this site invented.