BETTY

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 162866District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.0 M
Mar 1997 – May 2026
Value, last 12 filed months
$124 k
at the published price for each month
Months reported
351
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 Gas111997-10-14136513
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
CondensateDisposition61 bbl$2,581
GasProduction4,155,801 Mcf$13,958,113
Total$13,960,694

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 30.4791, -96.0232. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.47909, -96.02318 · 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
16,283 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 16,283 ft.

Completions filed
Mar 1997
1 of 1 wells

1 well

42-185305892H16,283 ftMar 1997

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 (351)

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

351 months

May 202602,685106.413.05$8,178
Apr 202602,67498.932.87$7,674
Mar 202602,78189.753.15$8,759
Feb 202602,53563.503.75$9,507
Jan 202612,83959.138.00$22,765
Dec 202502,73056.664.41$12,048
Nov 202502,67158.593.93$10,488
Oct 202502,78659.383.30$9,207
Sep 202502,78962.743.08$8,582
Aug 202502,86463.933.01$8,634
Jul 202502,89566.743.32$9,598
Jun 202502,80266.483.13$8,767
May 202503,05260.553.23$9,865
Apr 202502,95562.363.54$10,470
Mar 202503,28767.704.27$14,030
Feb 202503,90970.884.34$16,968
Jan 2025067174.324.28$2,871
Dec 202401,55968.993.12$4,866
Nov 202403,00569.052.20$6,606
Oct 202402,42371.372.28$5,528
Sep 202402,36269.612.36$5,585
Aug 202403,02175.632.06$6,234
Jul 202402,64579.932.15$5,678
Jun 202402,96878.082.63$7,818
May 202403,64378.812.20$8,009
Apr 2024079584.451.66$1,319
Mar 202402,83480.301.55$4,379
Feb 202412,60676.091.78$4,724
Jan 202402,83273.023.30$9,339
Dec 202302,81571.262.61$7,349
Nov 202302,69677.892.81$7,569
Oct 202302,82085.443.09$8,706
Sep 202302,74889.042.74$7,516
Aug 202302,53780.522.67$6,781
Jul 202302,55374.852.64$6,745
Jun 202302,64468.962.26$5,971
May 202303,00870.622.23$6,700
Apr 202302,80078.122.24$6,266
Mar 202302,99472.852.39$7,165
Feb 202312,89075.112.47$7,201
Jan 202303,06276.533.39$10,373
Dec 202223,13976.415.73$18,136
Nov 202202,85085.005.65$16,092
Oct 202203,55787.185.86$20,857
Sep 202203,34384.888.16$27,291
Aug 202203,40994.529.13$31,114
Jul 202203,372101.587.54$25,432
Jun 202212,920115.097.98$23,409
May 202202,971109.378.43$25,055
Apr 202213,093104.226.84$21,253
Mar 202203,322108.885.08$16,864
Feb 202203,72891.054.86$18,114
Jan 202213,14581.844.54$14,353
Dec 202103,18171.323.90$12,403
Nov 202103,11577.435.24$16,313
Oct 202122,76979.795.71$15,981
Sep 202103,20869.865.35$17,166
Aug 202102,34966.024.22$9,914
Jul 202103,32170.783.98$13,224
Jun 202103,19869.493.38$10,811
May 202103,88463.483.02$11,721
Apr 202102,57060.362.76$7,089
Mar 202103,51461.302.72$9,547
Feb 202102,51957.805.55$13,975
Jan 202103,27550.412.81$9,204
Dec 202003,45944.642.68$9,254
Nov 202003,27638.772.71$8,867
Oct 202003,09536.972.48$7,671
Sep 202003,33737.091.99$6,644
Aug 202003,64439.982.39$8,691
Jul 202003,49838.371.83$6,384
Jun 202003,38434.901.69$5,720
May 202001,54816.921.81$2,809
Apr 202001,53614.751.80$2,772
Mar 202003,35230.341.86$6,222
Feb 202003,25249.881.98$6,441
Jan 202003,51357.252.09$7,359
Dec 201903,80559.012.30$8,768
Nov 201903,61555.302.75$9,944
Oct 201904,39453.472.42$10,627
Sep 20190055.052.66$0
Aug 2019034353.112.30$790
Jul 2019068656.272.46$1,688
Jun 201901,81652.782.49$4,524
May 201901,18158.482.74$3,236
Apr 201903,84162.632.75$10,565
Mar 201903,56156.803.06$10,904
Feb 201903,25050.852.79$9,075
Jan 201903,92446.033.23$12,667
Dec 201804,04746.594.19$16,938
Nov 201801,16052.934.24$4,915
Oct 201802661.443.40$88
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 201801,76160.183.08$5,418
May 201803,62465.382.90$10,513
Apr 201803,29163.842.90$9,547
Mar 201803,54561.222.79$9,879
Feb 201803,50461.782.77$9,692
Jan 201803,79862.874.01$15,227
Dec 201708,76357.272.92$25,601
Nov 201705,44655.423.12$16,983
Oct 201702,88849.292.98$8,617
Sep 201702,95947.523.09$9,135
Aug 201702,95445.373.00$8,875
Jul 201703,85343.873.09$11,895
Jun 201703,55342.493.09$10,969
May 201703,51345.373.26$11,464
Apr 201702,82947.933.21$9,086
Mar 201703,87546.772.98$11,562
Feb 201703,52450.452.95$10,405
Jan 201703,60349.413.42$12,318
Dec 201603,64048.763.72$13,551
Nov 201603,52342.492.64$9,316
Oct 201603,71046.193.09$11,465
Sep 201603,67941.553.10$11,407
Aug 201603,71741.442.92$10,870
Jul 201603,95141.622.92$11,554
Jun 201603,78545.352.69$10,166
May 201603,82242.521.99$7,610
Apr 201603,82636.561.99$7,618
Mar 201604,01933.011.79$7,210
Feb 201603,86226.472.06$7,970
Jan 201604,21127.352.36$9,956
Dec 2015016432.362.00$328
Nov 201504,28038.792.17$9,276
Oct 201504,99243.552.43$12,113
Sep 201506,24042.992.76$17,213
Aug 201501,07040.162.87$3,074
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201503,54555.212.96$10,477
Apr 201503,03349.822.71$8,209
Mar 201503,99942.892.93$11,736
Feb 201502,88344.662.98$8,580
Jan 201503,35743.433.10$10,409
Dec 201403,33754.693.59$11,984
Nov 201403,39370.464.25$14,426
Oct 201403,56778.303.90$13,915
Sep 201403,48386.164.05$14,090
Aug 201403,52889.394.04$14,236
Jul 201403,60896.564.18$15,080
Jun 201403,60198.164.74$17,058
May 201406,30494.734.73$29,796
Apr 201406,51495.944.81$31,327
Mar 201403,63395.895.06$18,371
Feb 201406,10497.406.19$37,796
Jan 201403,56590.404.86$17,328
Dec 201303,87191.824.35$16,856
Nov 201306,31888.853.74$23,618
Oct 201303,59397.423.78$13,579
Sep 201305,239104.113.72$19,477
Aug 201304,539104.253.52$15,989
Jul 201304,634102.523.72$17,228
Jun 201304,67294.403.93$18,377
May 2013014,35794.834.15$59,568
Apr 201303,16093.964.28$13,533
Mar 201304,13393.623.91$16,172
Feb 201304,05691.233.42$13,871
Jan 201304,91691.603.42$16,812
Dec 201204,80186.773.42$16,420
Nov 201204,62586.953.62$16,765
Oct 201204,92489.383.40$16,740
Sep 201204,80294.672.92$14,014
Aug 201205,02392.662.91$14,608
Jul 201204,79385.133.02$14,479
Jun 201204,47279.822.52$11,265
May 201204,74091.612.49$11,795
Apr 201204,595101.652.00$9,175
Mar 201205,257105.052.22$11,681
Feb 201204,967101.102.57$12,766
Jan 201204,77298.092.73$13,047
Dec 201104,63796.873.24$15,023
Nov 201104,35395.723.31$14,414
Oct 201104,46084.983.65$16,272
Sep 201103,93683.623.99$15,688
Aug 201105,03283.404.15$20,879
Jul 201104,91794.144.52$22,211
Jun 201104,79792.904.64$22,258
May 201105,01698.134.40$22,095
Apr 201105,007105.964.33$21,697
Mar 201105,19996.364.06$21,094
Feb 201104,16585.644.18$17,410
Jan 201105,22586.504.59$23,976
Dec 201005,16785.734.35$22,465
Nov 201005,00080.843.80$18,977
Oct 201005,19278.103.51$18,218
Sep 201004,60972.633.98$18,341
Aug 201004,72173.684.42$20,864
Jul 201005,24372.554.74$24,833
Jun 201005,41770.364.91$26,600
May 201005,85871.124.24$24,810
Apr 201004,30081.694.12$17,728
Mar 201005,32178.394.39$23,352
Feb 201004,39973.585.44$23,941
Jan 201005,44074.365.96$32,445
Dec 200905,14671.445.48$28,219
Nov 200904,89574.593.75$18,364
Oct 200905,04672.544.11$20,740
Sep 200905,16565.543.06$15,829
Aug 200905,46567.423.22$17,589
Jul 200905,33361.133.46$18,476
Jun 200905,35766.163.90$20,866
May 200905,71254.743.93$22,424
Apr 200905,54146.773.59$19,878
Mar 200905,76742.144.06$23,408
Feb 200905,22032.814.63$24,184
Jan 200905,81535.865.37$31,232
Dec 200805,83237.105.98$34,859
Nov 200805,84855.496.86$40,119
Oct 200806,13875.246.92$42,487
Sep 200805,066101.767.88$39,905
Aug 200805,362114.228.48$45,486
Jul 200806,195131.0811.39$70,558
Jun 200806,179131.3313.03$80,529
May 200805,517123.1711.57$63,855
Apr 200805,190110.3110.45$54,261
Mar 200806,576101.909.66$63,551
Feb 200805,69092.538.77$49,905
Jan 200805,80790.388.21$47,651
Dec 200706,46688.337.30$47,215
Nov 200706,28791.677.29$45,843
Oct 200706,54582.856.92$45,304
Sep 200706,17475.846.24$38,551
Aug 200706,80669.066.39$43,476
Jul 200706,26670.906.39$40,027
Jun 200706,59562.007.55$49,782
May 200706,72358.747.85$52,751
Apr 200706,69059.617.81$52,217
Mar 200706,94156.927.30$50,683
Feb 200705,15555.108.22$42,353
Jan 200707,01650.306.73$47,196
Dec 200607,19156.656.92$49,751
Nov 200616,82754.207.62$52,059
Oct 200607,31554.906.01$43,991
Sep 200617,00660.085.04$35,351
Aug 200607,00368.717.34$51,401
Jul 200606,64369.376.34$42,135
Jun 200616,70966.286.38$42,896
May 200617,04666.016.42$45,337
Apr 200616,70164.397.36$49,387
Mar 200607,17056.707.08$50,785
Feb 200646,59857.597.75$51,372
Jan 200607,55960.598.93$67,527
Dec 200517,16754.9413.42$96,203
Nov 200517,95154.6910.59$84,243
Oct 200518,05158.3413.80$111,128
Sep 200506,88461.4512.08$83,152
Aug 200506,58061.519.80$64,463
Jul 200508,03655.697.84$63,031
Jun 200508,42552.337.38$62,185
May 200517,55345.226.65$50,281
Apr 200517,46849.207.36$55,017
Mar 200525,32850.377.15$38,222
Feb 200515,66745.226.31$35,815
Jan 200515,35443.166.32$33,892
Dec 200409,26439.866.75$62,542
Nov 200416,71845.286.33$42,573
Oct 200429,23849.706.52$60,286
Sep 200419,32343.245.28$49,305
Aug 200409,59042.375.55$53,231
Jul 200429,54038.286.08$58,120
Jun 200409,93236.106.43$63,893
May 2004010,75537.486.49$69,849
Apr 200409,81634.475.86$57,507
Mar 2004010,36434.365.53$57,314
Feb 200409,61832.455.51$52,992
Jan 2004010,40932.036.30$65,573
Dec 2003011,05330.266.30$69,652
Nov 2003010,89928.804.60$50,083
Oct 2003011,25428.174.76$53,565
Sep 2003010,75626.314.75$51,084
Aug 2003012,00829.765.13$61,598
Jul 2003011,02829.415.17$57,024
Jun 2003012,23028.565.98$73,172
May 2003011,54226.595.97$68,937
Apr 2003012,93626.675.41$69,949
Mar 2003013,90031.146.10$84,735
Feb 200309,49633.487.93$75,264
Jan 2003012,64330.315.58$70,574
Dec 2002011,61526.914.85$56,376
Nov 2002011,66724.664.14$48,266
Oct 2002012,88126.464.23$54,475
Sep 2002012,52227.443.64$45,520
Aug 2002012,54625.963.16$39,698
Jul 2002010,72824.583.06$32,847
Jun 2002010,22623.733.34$34,137
May 2002017,20524.663.58$61,663
Apr 200207,13723.653.51$25,067
Mar 2002010,29922.003.10$31,955
Feb 200207,61818.222.38$18,098
Jan 2002010,42117.172.38$24,757
Dec 200107,33816.932.36$17,350
Nov 2001013,23218.072.41$31,830
Oct 2001016,44019.782.53$41,575
Sep 2001019,12324.262.25$43,052
Aug 2001014,78624.873.05$45,144
Jul 2001010,34623.933.20$33,077
Jun 2001013,36724.563.82$51,118
May 2001013,54925.524.31$58,360
Apr 2001011,70724.685.34$62,461
Mar 2001013,98024.545.38$75,163
Feb 2001013,36827.755.77$77,094
Jan 2001014,52927.478.40$122,026
Dec 2000011,80026.889.12$107,646
Nov 2000014,74032.215.66$83,399
Oct 2000015,36131.235.15$79,040
Sep 2000011,86831.875.19$61,553
Aug 200009,83629.644.54$44,663
Jul 200008,22228.534.09$33,626
Jun 2000015,77429.304.40$69,362
May 2000018,07527.263.68$66,511
Apr 2000022,01424.513.12$68,596
Mar 2000015,38428.422.86$43,994
Feb 2000011,03227.622.73$30,079
Jan 2000013,18525.272.48$32,705
Dec 1999018,02624.282.42$43,690
Nov 1999014,98823.192.43$36,481
Oct 1999020,28820.982.80$56,882
Sep 1999019,86821.752.62$52,031
Aug 1999016,30319.262.88$46,881
Jul 1999021,28117.892.37$50,486
Jun 1999021,93315.942.36$51,808
May 1999019,56515.792.32$45,411
Apr 1999020,42315.102.21$45,095
Mar 1999024,22112.471.84$44,526
Feb 1999022,6999.981.82$41,262
Jan 1999029,45510.381.90$55,963
Dec 1998028,6979.201.77$50,889
Nov 1998033,45310.892.19$73,119
Oct 1998030,26312.421.97$59,594
Sep 1998027,52312.592.08$57,320
Aug 1998032,87111.301.91$62,697
Jul 1998038,92411.742.24$87,084
Jun 1998036,17111.242.24$80,924
May 1998040,93812.622.21$90,323
Apr 1998042,98313.042.51$107,687
Mar 1998048,82412.802.31$112,756
Feb 1998039,56713.952.30$90,970
Jan 1998058,89914.702.15$126,915
Dec 1997060,53616.322.41$145,958
Nov 1997072,71918.193.09$224,575
Oct 1997076,06319.253.15$239,585
Sep 1997087,76917.742.95$259,347
Aug 19970105,23417.862.55$268,846
Jul 19970123,26817.582.25$276,976
Jun 19972143,82017.242.26$324,665
May 19979187,68618.972.31$433,444
Apr 19978264,76617.882.08$551,592
Mar 19978532,40818.951.94$1,032,565

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                2,685 Mcf  × $  3.05 =     $8,178

────────────────────────────────────────────────────
Month total                                   $8,178

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/162866 is the state's own key, not one this site invented.