SCHROEDER

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 162966District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.2 M
Feb 1997 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
352
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 Gas111997-10-14136515
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
CondensateDisposition50 bbl$2,328
GasProduction2,753,673 Mcf$9,174,364
Total$9,176,692

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 30.4823, -95.9591. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.48229, -95.95911 · 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
18,200 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 18,200 ft.

Completions filed
Feb 1997
1 of 1 wells

1 well

42-185305931H18,200 ftFeb 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 (352)

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

352 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230371.262.61$8
Nov 20230077.892.81$0
Oct 202303085.443.09$93
Sep 20230089.042.74$0
Aug 202301080.522.67$27
Jul 20230974.852.64$24
Jun 20230968.962.26$20
May 20230370.622.23$7
Apr 202304378.122.24$96
Mar 202302472.852.39$57
Feb 202302275.112.47$54
Jan 202303776.533.39$125
Dec 202202176.415.73$120
Nov 202202785.005.65$152
Oct 202204887.185.86$281
Sep 202202484.888.16$196
Aug 202202594.529.13$228
Jul 202210101.587.54$102
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202205104.226.84$34
Mar 202200108.885.08$0
Feb 20220291.054.86$10
Jan 20220281.844.54$9
Dec 20210071.323.90$0
Nov 20210777.435.24$37
Oct 202111179.795.71$143
Sep 20210769.865.35$37
Aug 202103466.024.22$144
Jul 202103470.783.98$135
Jun 202103569.493.38$118
May 202105163.483.02$154
Apr 202103560.362.76$97
Mar 202105261.302.72$141
Feb 202103457.805.55$189
Jan 202105250.412.81$146
Dec 202003444.642.68$91
Nov 202003538.772.71$95
Oct 202003836.972.48$94
Sep 202003237.091.99$64
Aug 202005239.982.39$124
Jul 202003638.371.83$66
Jun 202003634.901.69$61
May 202004116.921.81$74
Apr 202003514.751.80$63
Mar 202002030.341.86$37
Feb 202003949.881.98$77
Jan 202001957.252.09$40
Dec 201903559.012.30$81
Nov 201901855.302.75$50
Oct 201903853.472.42$92
Sep 201901955.052.66$50
Aug 201901753.112.30$39
Jul 201902556.272.46$62
Jun 20190052.782.49$0
May 201901658.482.74$44
Apr 201901762.632.75$47
Mar 20190056.803.06$0
Feb 201901850.852.79$50
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180961.443.40$31
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 2017011455.423.12$355
Oct 201701849.292.98$54
Sep 201705047.523.09$154
Aug 201702945.373.00$87
Jul 201701,00243.873.09$3,093
Jun 2017098242.493.09$3,032
May 201701,19645.373.26$3,903
Apr 201701,79847.933.21$5,774
Mar 201702,33746.772.98$6,973
Feb 201701,54350.452.95$4,556
Jan 2017077049.413.42$2,632
Dec 2016095048.763.72$3,537
Nov 2016081342.492.64$2,150
Oct 2016090646.193.09$2,800
Sep 2016092641.553.10$2,871
Aug 201601,51341.442.92$4,425
Jul 201601,47841.622.92$4,322
Jun 201601,78945.352.69$4,805
May 2016099042.521.99$1,971
Apr 201601,39236.561.99$2,772
Mar 201601,58733.011.79$2,847
Feb 201601,59526.472.06$3,291
Jan 201601,61627.352.36$3,821
Dec 201503,48732.362.00$6,979
Nov 201501,20838.792.17$2,618
Oct 201501,43243.552.43$3,475
Sep 201501,35842.992.76$3,746
Aug 201501,74340.162.87$5,007
Jul 201501,92448.152.95$5,666
Jun 201501,17756.152.88$3,393
May 201502,04655.212.96$6,047
Apr 201501,69449.822.71$4,585
Mar 201501,80642.892.93$5,300
Feb 201501,71344.662.98$5,098
Jan 201501,97743.433.10$6,130
Dec 201401,97654.693.59$7,097
Nov 201402,18270.464.25$9,278
Oct 201402,96478.303.90$11,562
Sep 2014052886.164.05$2,136
Aug 201409489.394.04$379
Jul 201401,92596.564.18$8,046
Jun 201401,36898.164.74$6,480
May 201401,60994.734.73$7,605
Apr 201401,62895.944.81$7,829
Mar 201401,93795.895.06$9,795
Feb 201401,94397.406.19$12,031
Jan 201402,07990.404.86$10,105
Dec 201302,15891.824.35$9,397
Nov 201302,22988.853.74$8,333
Oct 201302,19497.423.78$8,292
Sep 201301,868104.113.72$6,945
Aug 201303,153104.253.52$11,107
Jul 201303,330102.523.72$12,380
Jun 201303,01694.403.93$11,863
May 201302,98094.834.15$12,364
Apr 201301,90493.964.28$8,154
Mar 201302,84793.623.91$11,140
Feb 201303,02091.233.42$10,328
Jan 201303,18791.603.42$10,899
Dec 201203,01586.773.42$10,312
Nov 201203,34386.953.62$12,118
Oct 201203,02489.383.40$10,281
Sep 201203,03994.672.92$8,869
Aug 201203,22192.662.91$9,367
Jul 201203,31685.133.02$10,017
Jun 201202,89579.822.52$7,293
May 201201,46791.612.49$3,650
Apr 201201,534101.652.00$3,063
Mar 20120675105.052.22$1,500
Feb 20120631101.102.57$1,622
Jan 201203,53098.092.73$9,651
Dec 201103,46296.873.24$11,216
Nov 201103,64595.723.31$12,070
Oct 201103,35484.983.65$12,237
Sep 201103,47083.623.99$13,831
Aug 201103,74083.404.15$15,518
Jul 201103,42294.144.52$15,458
Jun 201103,33692.904.64$15,479
May 201103,63798.134.40$16,020
Apr 201103,626105.964.33$15,712
Mar 201103,80996.364.06$15,454
Feb 201103,56185.644.18$14,885
Jan 201103,72686.504.59$17,098
Dec 201003,54385.734.35$15,404
Nov 201003,64980.843.80$13,849
Oct 201003,83778.103.51$13,464
Sep 201003,69872.633.98$14,716
Aug 201003,83873.684.42$16,962
Jul 201003,84072.554.74$18,188
Jun 201003,85770.364.91$18,939
May 201004,10571.124.24$17,386
Apr 201003,19481.694.12$13,168
Mar 201003,98478.394.39$17,484
Feb 201003,70873.585.44$20,180
Jan 201004,16174.365.96$24,817
Dec 200904,22471.445.48$23,163
Nov 200904,19174.593.75$15,723
Oct 200904,26072.544.11$17,510
Sep 200904,48665.543.06$13,748
Aug 200903,74367.423.22$12,047
Jul 200903,39561.133.46$11,762
Jun 200904,03866.163.90$15,728
May 200944,78854.743.93$19,015
Apr 200904,83046.773.59$17,328
Mar 200904,66542.144.06$18,935
Feb 200912,40932.814.63$11,194
Jan 200904,35335.865.37$23,380
Dec 200804,45337.105.98$26,616
Nov 200804,32355.496.86$29,657
Oct 200814,68575.246.92$32,505
Sep 200803,991101.767.88$31,437
Aug 200814,034114.228.48$34,335
Jul 200804,406131.0811.39$50,182
Jun 200814,666131.3313.03$60,942
May 200814,840123.1711.57$56,143
Apr 200804,711110.3110.45$49,253
Mar 200814,864101.909.66$47,108
Feb 200814,51792.538.77$39,709
Jan 200804,47490.388.21$36,712
Dec 200714,87588.337.30$35,685
Nov 200704,42391.677.29$32,251
Oct 200714,61082.856.92$31,993
Sep 200705,20975.846.24$32,526
Aug 200704,93469.066.39$31,518
Jul 200715,75670.906.39$36,840
Jun 200715,18462.007.55$39,193
May 200704,84958.747.85$38,047
Apr 200704,90859.617.81$38,308
Mar 200705,18756.927.30$37,875
Feb 200714,71955.108.22$38,826
Jan 200705,62750.306.73$37,852
Dec 200605,30356.656.92$36,688
Nov 200605,48054.207.62$41,744
Oct 200605,47454.906.01$32,920
Sep 200616,74160.085.04$34,016
Aug 200605,41568.717.34$39,746
Jul 200607,53469.376.34$47,786
Jun 200614,20766.286.38$26,923
May 200604,26766.016.42$27,415
Apr 200604,62464.397.36$34,035
Mar 200624,75056.707.08$33,757
Feb 200604,69557.597.75$36,392
Jan 200605,21560.598.93$46,587
Dec 200514,84554.9413.42$65,053
Nov 200504,93454.6910.59$52,243
Oct 200505,21358.3413.80$71,917
Sep 200504,95361.4512.08$59,827
Aug 200504,86961.519.80$47,701
Jul 200505,00655.697.84$39,265
Jun 200504,51052.337.38$33,288
May 200514,82845.226.65$32,157
Apr 200504,99549.207.36$36,766
Mar 200504,82650.377.15$34,529
Feb 200504,87345.226.31$30,758
Jan 200515,36643.166.32$33,968
Dec 200405,47439.866.75$36,955
Nov 200415,61945.286.33$35,616
Oct 200405,36149.706.52$34,927
Sep 200417,25643.245.28$38,383
Aug 200408,04742.375.55$44,666
Jul 200407,05138.286.08$42,900
Jun 200406,86636.106.43$44,169
May 200408,08837.486.49$52,528
Apr 200406,79934.475.86$39,832
Mar 200406,69434.365.53$37,019
Feb 200406,42432.455.51$35,394
Jan 200407,55432.036.30$47,587
Dec 200308,02030.266.30$50,539
Nov 200308,45728.804.60$38,861
Oct 200307,82428.174.76$37,239
Sep 200307,04826.314.75$33,473
Aug 200308,27529.765.13$42,448
Jul 200308,60429.415.17$44,490
Jun 200308,47128.565.98$50,682
May 200308,56626.595.97$51,162
Apr 200309,69526.675.41$52,424
Mar 2003010,79731.146.10$65,819
Feb 2003010,00933.487.93$79,330
Jan 200308,79930.315.58$49,116
Dec 200208,83426.914.85$42,878
Nov 200206,91024.664.14$28,586
Oct 200208,25226.464.23$34,899
Sep 200208,31727.443.64$30,234
Aug 200209,61425.963.16$30,420
Jul 200208,23524.583.06$25,214
Jun 200207,01823.733.34$23,428
May 200206,83924.663.58$24,511
Apr 200208,89823.653.51$31,253
Mar 2002011,06022.003.10$34,316
Feb 200209,57718.222.38$22,752
Jan 200209,13817.172.38$21,709
Dec 200106,39716.932.36$15,125
Nov 200106,23218.072.41$14,991
Oct 200106,20619.782.53$15,694
Sep 200106,15724.262.25$13,861
Aug 200105,77024.873.05$17,617
Jul 200106,33123.933.20$20,241
Jun 200106,48724.563.82$24,807
May 200107,58325.524.31$32,662
Apr 200106,74624.685.34$35,992
Mar 200106,90224.545.38$37,108
Feb 200107,03027.755.77$40,543
Jan 200108,05527.478.40$67,652
Dec 200007,95826.889.12$72,597
Nov 200007,33532.215.66$41,501
Oct 200006,90231.235.15$35,514
Sep 200009,87031.875.19$51,191
Aug 200008,20929.644.54$37,275
Jul 200009,27228.534.09$37,920
Jun 200008,02329.304.40$35,279
May 200008,68227.263.68$31,948
Apr 2000012,47824.513.12$38,881
Mar 2000012,29228.422.86$35,152
Feb 2000014,32627.622.73$39,060
Jan 2000016,53625.272.48$41,018
Dec 1999016,33224.282.42$39,584
Nov 1999013,81123.192.43$33,616
Oct 1999017,14320.982.80$48,064
Sep 1999018,05821.752.62$47,291
Aug 1999016,87719.262.88$48,532
Jul 1999016,18617.892.37$38,399
Jun 1999022,93615.942.36$54,177
May 1999015,54215.792.32$36,073
Apr 1999017,20115.102.21$37,981
Mar 1999013,72912.471.84$25,238
Feb 1999016,5209.981.82$30,030
Jan 1999021,47310.381.90$40,798
Dec 1998022,4199.201.77$39,756
Nov 1998021,97010.892.19$48,020
Oct 1998026,57412.421.97$52,330
Sep 1998019,78012.592.08$41,194
Aug 1998023,47211.301.91$44,769
Jul 1998025,40011.742.24$56,827
Jun 1998035,40611.242.24$79,213
May 1998029,46812.622.21$65,016
Apr 1998027,03713.042.51$67,737
Mar 1998030,23712.802.31$69,831
Feb 1998027,48713.952.30$63,196
Jan 1998036,85514.702.15$79,415
Dec 1997040,17016.322.41$96,854
Nov 1997043,19718.193.09$133,404
Oct 1997048,27719.253.15$152,064
Sep 1997051,27617.742.95$151,514
Aug 1997065,06117.862.55$166,214
Jul 1997071,59217.582.25$160,863
Jun 1997281,49417.242.26$183,983
May 19976103,24118.972.31$238,446
Apr 19976130,97317.882.08$272,895
Mar 19979205,13218.951.94$397,950
Feb 19970386,23320.492.21$851,991

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.

Dec 2023 — as filed, then multipliedworked
Condensate             0 bbl  × $ 71.26 =         $0
Gas                    3 Mcf  × $  2.61 =         $8

────────────────────────────────────────────────────
Month total                                       $8

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/162966 is the state's own key, not one this site invented.