MIKEL

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 162567District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.1 M
Dec 1996 – May 2026
Value, last 12 filed months
$54 k
at the published price for each month
Months reported
354
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 Gas111997-08-18136239
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
CondensateDisposition171 bbl$10,412
GasProduction1,030,642 Mcf$4,073,785
Total$4,084,196

24,559 Mcf of this lease's gas, across 1 month, 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 30.2563, -96.3715. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.25627, -96.37151 · 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
16,575 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 16,575 ft.

Completions filed
Dec 1996
1 of 1 wells

1 well

42-477308372H16,575 ftDec 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 (354)

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

354 months

May 202601,066106.413.05$3,247
Apr 202601,17398.932.87$3,366
Mar 202601,39289.753.15$4,384
Feb 202601,20763.503.75$4,527
Jan 202601,68359.138.00$13,461
Dec 202501,03356.664.41$4,559
Nov 202501,05058.593.93$4,123
Oct 202501,01559.383.30$3,354
Sep 2025091862.743.08$2,825
Aug 202501,08763.933.01$3,277
Jul 202501,13866.743.32$3,773
Jun 202501,01866.483.13$3,185
May 202501,43960.553.23$4,651
Apr 2025072062.363.54$2,551
Mar 202501,07067.704.27$4,567
Feb 202501,14270.884.34$4,957
Jan 202501,26774.324.28$5,421
Dec 202401,07668.993.12$3,359
Nov 2024092169.052.20$2,025
Oct 202401,09871.372.28$2,505
Sep 202401,12569.612.36$2,660
Aug 202401,23575.632.06$2,549
Jul 202401,42179.932.15$3,050
Jun 202401,54978.082.63$4,080
May 202401,05778.812.20$2,324
Apr 2024093584.451.66$1,551
Mar 202401,30080.301.55$2,009
Feb 202401,14876.091.78$2,048
Jan 202401,20973.023.30$3,987
Dec 202301,22771.262.61$3,203
Nov 202301,18377.892.81$3,321
Oct 202301,23985.443.09$3,825
Sep 202301,11489.042.74$3,047
Aug 202301,20980.522.67$3,232
Jul 202301,03774.852.64$2,740
Jun 202301,10268.962.26$2,489
May 202301,31970.622.23$2,938
Apr 202301,41778.122.24$3,171
Mar 202301,14672.852.39$2,743
Feb 202301,01075.112.47$2,490
Jan 202301,05976.533.39$3,588
Dec 202201,06376.415.73$6,090
Nov 2022098985.005.65$5,584
Oct 202201,11887.185.86$6,556
Sep 202201,14584.888.16$9,347
Aug 202201,17794.529.13$10,743
Jul 202201,187101.587.54$8,952
Jun 202201,148115.097.98$9,158
May 202201,226109.378.43$10,339
Apr 202201,215104.226.84$8,308
Mar 202201,269108.885.08$6,442
Feb 202201,15291.054.86$5,597
Jan 202201,29381.844.54$5,867
Dec 202101,33571.323.90$5,205
Nov 202101,41077.435.24$7,384
Oct 202101,16279.795.71$6,640
Sep 202101,26469.865.35$6,764
Aug 202101,24666.024.22$5,259
Jul 202101,33270.783.98$5,304
Jun 202101,34369.493.38$4,540
May 202101,45663.483.02$4,394
Apr 202101,55160.362.76$4,278
Mar 202101,22661.302.72$3,331
Feb 2021090557.805.55$5,021
Jan 202101,39250.412.81$3,912
Dec 202001,43244.642.68$3,831
Nov 202001,48638.772.71$4,022
Oct 202001,53336.972.48$3,799
Sep 202001,22537.091.99$2,439
Aug 202001,47839.982.39$3,525
Jul 202001,36138.371.83$2,484
Jun 202001,29634.901.69$2,191
May 202001,37516.921.81$2,495
Apr 202001,29714.751.80$2,340
Mar 202001,36730.341.86$2,537
Feb 202001,23649.881.98$2,448
Jan 202001,52457.252.09$3,192
Dec 201901,72559.012.30$3,975
Nov 201901,46555.302.75$4,030
Oct 201901,63653.472.42$3,957
Sep 201901,54255.052.66$4,098
Aug 201901,62853.112.30$3,752
Jul 201901,69556.272.46$4,170
Jun 201901,72152.782.49$4,287
May 201901,80658.482.74$4,949
Apr 201901,45862.632.75$4,011
Mar 201901,79456.803.06$5,493
Feb 201901,36150.852.79$3,800
Jan 201902,22946.033.23$7,196
Dec 201801,70946.594.19$7,153
Nov 201801,72652.934.24$7,313
Oct 201802,17561.443.40$7,391
Sep 20180759.543.11$22
Aug 2018011959.403.07$365
Jul 2018032065.142.93$938
Jun 2018067860.183.08$2,086
May 201801,58265.382.90$4,589
Apr 201801,56563.842.90$4,540
Mar 201801,62661.222.79$4,531
Feb 201801,84161.782.77$5,092
Jan 201802,20062.874.01$8,821
Dec 2017051657.272.92$1,508
Nov 201701,66955.423.12$5,205
Oct 201701,20949.292.98$3,607
Sep 201701,80747.523.09$5,579
Aug 201701,09345.373.00$3,284
Jul 201701,40643.873.09$4,341
Jun 201701,47142.493.09$4,541
May 201701,72445.373.26$5,626
Apr 201701,34647.933.21$4,323
Mar 201701,67946.772.98$5,010
Feb 2017058350.452.95$1,721
Jan 201702,77349.413.42$9,480
Dec 2016033648.763.72$1,251
Nov 2016054042.492.64$1,428
Oct 201601,00446.193.09$3,103
Sep 201601,61541.553.10$5,008
Aug 201601,64741.442.92$4,816
Jul 201601,64241.622.92$4,802
Jun 201601,61845.352.69$4,346
May 201601,67742.521.99$3,339
Apr 201601,70036.561.99$3,385
Mar 201601,74933.011.79$3,138
Feb 201601,60726.472.06$3,316
Jan 201601,77127.352.36$4,187
Dec 201501,87732.362.00$3,757
Nov 201501,83338.792.17$3,973
Oct 201501,51143.552.43$3,667
Sep 201501,57242.992.76$4,336
Aug 201501,69940.162.87$4,880
Jul 201501,76648.152.95$5,201
Jun 201501,86556.152.88$5,377
May 201501,76155.212.96$5,205
Apr 201501,78249.822.71$4,823
Mar 201501,70142.892.93$4,992
Feb 201501,50044.662.98$4,464
Jan 201501,40043.433.10$4,341
Dec 201401,72454.693.59$6,192
Nov 201401,47570.464.25$6,271
Oct 201401,67078.303.90$6,515
Sep 201401,72286.164.05$6,966
Aug 201401,90089.394.04$7,667
Jul 201401,74796.564.18$7,302
Jun 201401,78698.164.74$8,460
May 201401,96894.734.73$9,302
Apr 201401,97095.944.81$9,474
Mar 201402,07195.895.06$10,473
Feb 201402,18497.406.19$13,523
Jan 201402,33590.404.86$11,350
Dec 2013017191.824.35$745
Nov 2013083788.853.74$3,129
Oct 201301,77997.423.78$6,723
Sep 201301,753104.113.72$6,517
Aug 201301,737104.253.52$6,119
Jul 201302,007102.523.72$7,462
Jun 201301,62494.403.93$6,388
May 2013097994.834.15$4,062
Apr 201301,78393.964.28$7,636
Mar 201301,68293.623.91$6,581
Feb 201301,94791.233.42$6,659
Jan 201301,78191.603.42$6,091
Dec 201201,86786.773.42$6,385
Nov 201201,92386.953.62$6,971
Oct 201202,07489.383.40$7,051
Sep 201202,32894.672.92$6,794
Aug 201201,85492.662.91$5,392
Jul 201202,30885.133.02$6,972
Jun 2012071179.822.52$1,791
May 201201,31791.612.49$3,277
Apr 201202,141101.652.00$4,275
Mar 20120991105.052.22$2,202
Feb 201202,163101.102.57$5,559
Jan 201201,25098.092.73$3,418
Dec 2011084196.873.24$2,725
Nov 201101,52195.723.31$5,036
Oct 201102,16584.983.65$7,899
Sep 201102,22783.623.99$8,876
Aug 201102,10783.404.15$8,743
Jul 201102,30294.144.52$10,399
Jun 201102,84992.904.64$13,219
May 201101,62298.134.40$7,145
Apr 20110967105.964.33$4,190
Mar 201101,32596.364.06$5,376
Feb 201102,08585.644.18$8,715
Jan 201101,45686.504.59$6,681
Dec 201001,65785.734.35$7,204
Nov 201001,86180.843.80$7,063
Oct 201002,07378.103.51$7,274
Sep 201001,79672.633.98$7,147
Aug 201001,38173.684.42$6,103
Jul 201002,21272.554.74$10,477
Jun 201002,27670.364.91$11,176
May 201001,23971.124.24$5,247
Apr 201002,15181.694.12$8,868
Mar 201002,07278.394.39$9,093
Feb 201001,83273.585.44$9,970
Jan 201002,58874.365.96$15,435
Dec 200901,51271.445.48$8,291
Nov 200902,12974.593.75$7,987
Oct 200901,75172.544.11$7,197
Sep 200901,64465.543.06$5,038
Aug 200901,99667.423.22$6,424
Jul 20091601,30361.133.46$14,295
Jun 200901,58466.163.90$6,170
May 200902,41654.743.93$9,485
Apr 200901,79146.773.59$6,425
Mar 200902,19842.144.06$8,922
Feb 200902,21632.814.63$10,267
Jan 200902,14935.865.37$11,542
Dec 200811,81437.105.98$10,880
Nov 200801,88655.496.86$12,939
Oct 200801,66675.246.92$11,532
Sep 200802,155101.767.88$16,975
Aug 200801,703114.228.48$14,447
Jul 200802,135131.0811.39$24,316
Jun 200801,877131.3313.03$24,462
May 200802,009123.1711.57$23,253
Apr 200811,757110.3110.45$18,480
Mar 200801,704101.909.66$16,468
Feb 200801,61992.538.77$14,200
Jan 200802,19090.388.21$17,971
Dec 200702,10188.337.30$15,341
Nov 200701,70191.677.29$12,403
Oct 200701,56182.856.92$10,805
Sep 200701,33975.846.24$8,361
Aug 2007097669.066.39$6,235
Jul 200748970.906.39$852
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 200703,29359.617.81$25,703
Mar 200701,63556.927.30$11,939
Feb 200701855.108.22$148
Jan 200702,74450.306.73$18,458
Dec 200604,11856.656.92$28,490
Nov 200603,99554.207.62$30,432
Oct 200604,44354.906.01$26,719
Sep 200604,92960.085.04$24,828
Aug 200603,88268.717.34$28,494
Jul 200603,95969.376.34$25,111
Jun 200603,62866.286.38$23,161
May 200603,45566.016.42$22,198
Apr 200603,83064.397.36$28,191
Mar 200603,10556.707.08$21,992
Feb 200603,56457.597.75$27,625
Jan 200604,60160.598.93$41,102
Dec 200532,70154.9413.42$36,400
Nov 200504,45954.6910.59$47,214
Oct 200505,30858.3413.80$73,228
Sep 200505,31961.4512.08$64,248
Aug 200505,65961.519.80$55,440
Jul 200505,57655.697.84$43,736
Jun 200504,34252.337.38$32,048
May 200504,08745.226.65$27,183
Apr 200503,38549.207.36$24,915
Mar 200502,44150.377.15$17,465
Feb 200504,45045.226.31$28,088
Jan 200504,03843.166.32$25,529
Dec 200402,74239.866.75$18,511
Nov 200402,86445.286.33$18,130
Oct 200402,71449.706.52$17,682
Sep 200401,68243.245.28$8,888
Aug 200402,68142.375.55$14,881
Jul 200402,76938.286.08$16,847
Jun 200402,90836.106.43$18,707
May 200403,02537.486.49$19,646
Apr 200403,76834.475.86$22,075
Mar 200403,38834.365.53$18,736
Feb 200402,73132.455.51$15,047
Jan 200402,90132.036.30$18,275
Dec 200303,39230.266.30$21,375
Nov 200302,64228.804.60$12,140
Oct 200303,65628.174.76$17,401
Sep 200303,45526.314.75$16,409
Aug 200304,18029.765.13$21,442
Jul 200303,80129.415.17$19,654
Jun 200302,55828.565.98$15,304
May 200303,54826.595.97$21,191
Apr 200303,36026.675.41$18,168
Mar 200303,03331.146.10$18,489
Feb 200302,42833.487.93$19,244
Jan 200303,39130.315.58$18,929
Dec 200202,46326.914.85$11,955
Nov 200202,59524.664.14$10,735
Oct 200204,09126.464.23$17,301
Sep 200203,81727.443.64$13,876
Aug 200203,71725.963.16$11,761
Jul 200202,95524.583.06$9,048
Jun 200203,22623.733.34$10,769
May 200203,38124.663.58$12,118
Apr 200204,54123.653.51$15,949
Mar 200204,17022.003.10$12,938
Feb 200203,17918.222.38$7,552
Jan 200204,01417.172.38$9,536
Dec 200103,33216.932.36$7,878
Nov 200104,34218.072.41$10,445
Oct 200103,40719.782.53$8,616
Sep 200103,63524.262.25$8,184
Aug 200102,13824.873.05$6,528
Jul 200103,86723.933.20$12,363
Jun 200103,65424.563.82$13,973
May 200104,21725.524.31$18,164
Apr 200103,87524.685.34$20,674
Mar 200103,55524.545.38$19,113
Feb 200103,56727.755.77$20,571
Jan 200105,53727.478.40$46,504
Dec 200004,16826.889.12$38,023
Nov 200003,71532.215.66$21,019
Oct 200003,98231.235.15$20,489
Sep 200003,43731.875.19$17,826
Aug 200003,10429.644.54$14,094
Jul 200002,44428.534.09$9,995
Jun 200002,87829.304.40$12,655
May 200003,73027.263.68$13,725
Apr 200003,09524.513.12$9,644
Mar 200003,31128.422.86$9,469
Feb 200004,09327.622.73$11,160
Jan 200003,94425.272.48$9,783
Dec 199904,78924.282.42$11,607
Nov 199907,35923.192.43$17,912
Oct 199906,43220.982.80$18,033
Sep 199905,69021.752.62$14,901
Aug 199905,61419.262.88$16,144
Jul 199904,48517.892.37$10,640
Jun 199904,91515.942.36$11,610
May 199905,67115.792.32$13,163
Apr 199905,81615.102.21$12,842
Mar 199906,26012.471.84$11,508
Feb 199905,5609.981.82$10,107
Jan 199905,87710.381.90$11,166
Dec 199804489.201.77$794
Nov 199804,52210.892.19$9,884
Oct 199804,76412.421.97$9,381
Sep 199806,43212.592.08$13,395
Aug 199806,43611.301.91$12,276
Jul 199805,91911.742.24$13,242
Jun 199806,59311.242.24$14,750
May 199806,79212.622.21$14,985
Apr 199806,60413.042.51$16,545
Mar 199804,70812.802.31$10,873
Feb 199806,63213.952.30$15,248
Jan 199808,02614.702.15$17,294
Dec 199707,35916.322.41$17,743
Nov 1997010,31818.193.09$31,865
Oct 199709,78419.253.15$30,818
Sep 1997010,74217.742.95$31,741
Aug 1997012,18817.862.55$31,137
Jul 1997012,10517.582.25$27,199
Jun 1997114,14117.242.26$31,936
May 1997015,30618.972.31$35,334
Apr 1997115,87317.882.08$33,078
Mar 1997022,78418.951.94$44,181
Feb 1997028,37920.492.21$62,601
Jan 1997058,04323.483.54$205,455
Dec 1996024,55923.32$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                1,066 Mcf  × $  3.05 =     $3,247

────────────────────────────────────────────────────
Month total                                   $3,247

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/162567 is the state's own key, not one this site invented.