PETERSON

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 163781District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
Apr 1997 – May 2026
Value, last 12 filed months
$34 k
at the published price for each month
Months reported
350
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 Gas111997-10-14136998
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
CondensateDisposition31 bbl$1,241
GasProduction1,496,897 Mcf$5,352,178
Total$5,353,420

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 30.4726, -95.9559. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.47256, -95.95593 · 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
17,795 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 17,795 ft.

Completions filed
Apr 1997
1 of 1 wells

1 well

42-185306011H17,795 ftApr 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 (350)

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

350 months

May 20260593106.413.05$1,806
Apr 2026061798.932.87$1,771
Mar 2026062089.753.15$1,953
Feb 2026059263.503.75$2,220
Jan 2026070559.138.00$5,639
Dec 2025066656.664.41$2,939
Nov 2025075458.593.93$2,961
Oct 2025076759.383.30$2,535
Sep 2025083462.743.08$2,566
Aug 2025096363.933.01$2,903
Jul 202501,04466.743.32$3,461
Jun 202501,07266.483.13$3,354
May 202501,23260.553.23$3,982
Apr 202501,45862.363.54$5,166
Mar 202501,45467.704.27$6,206
Feb 202502,09070.884.34$9,072
Jan 202501,23774.324.28$5,293
Dec 2024041568.993.12$1,295
Nov 2024029569.052.20$649
Oct 2024025471.372.28$579
Sep 2024023169.612.36$546
Aug 2024030775.632.06$634
Jul 2024042979.932.15$921
Jun 2024031078.082.63$817
May 2024028978.812.20$635
Apr 2024028884.451.66$478
Mar 2024041480.301.55$640
Feb 2024028376.091.78$505
Jan 2024031573.023.30$1,039
Dec 2023031771.262.61$828
Nov 2023026877.892.81$752
Oct 2023027985.443.09$861
Sep 2023032289.042.74$881
Aug 2023032280.522.67$861
Jul 2023029674.852.64$782
Jun 2023031268.962.26$705
May 2023024470.622.23$543
Apr 2023025078.122.24$559
Mar 2023027272.852.39$651
Feb 2023016275.112.47$399
Jan 2023023076.533.39$779
Dec 2022019776.415.73$1,129
Nov 2022021185.005.65$1,191
Oct 2022017687.185.86$1,032
Sep 2022021584.888.16$1,755
Aug 2022021294.529.13$1,935
Jul 20220238101.587.54$1,795
Jun 20220219115.097.98$1,747
May 20220204109.378.43$1,720
Apr 20220354104.226.84$2,421
Mar 20220223108.885.08$1,132
Feb 2022019491.054.86$943
Jan 2022024181.844.54$1,094
Dec 2021038671.323.90$1,505
Nov 2021013577.435.24$707
Oct 2021029079.795.71$1,657
Sep 2021027469.865.35$1,466
Aug 2021032966.024.22$1,389
Jul 2021031370.783.98$1,246
Jun 2021042469.493.38$1,433
May 2021032663.483.02$984
Apr 2021042560.362.76$1,172
Mar 2021019561.302.72$530
Feb 202102757.805.55$150
Jan 2021030150.412.81$846
Dec 2020036944.642.68$987
Nov 2020037438.772.71$1,012
Oct 2020031136.972.48$771
Sep 2020041737.091.99$830
Aug 2020041139.982.39$980
Jul 2020045538.371.83$830
Jun 2020043834.901.69$740
May 2020051716.921.81$938
Apr 2020032914.751.80$594
Mar 2020040730.341.86$755
Feb 2020045649.881.98$903
Jan 2020050057.252.09$1,047
Dec 2019051159.012.30$1,178
Nov 2019050655.302.75$1,392
Oct 2019051453.472.42$1,243
Sep 2019043755.052.66$1,161
Aug 2019057753.112.30$1,330
Jul 2019061556.272.46$1,513
Jun 2019054352.782.49$1,353
May 2019058358.482.74$1,598
Apr 2019057062.632.75$1,568
Mar 2019062156.803.06$1,902
Feb 2019062950.852.79$1,756
Jan 2019069046.033.23$2,227
Dec 2018070046.594.19$2,930
Nov 2018079452.934.24$3,364
Oct 2018077961.443.40$2,647
Sep 2018075159.543.11$2,334
Aug 2018083459.403.07$2,558
Jul 2018083965.142.93$2,460
Jun 201801,01760.183.08$3,129
May 201801,06265.382.90$3,081
Apr 201801,16863.842.90$3,388
Mar 201801,16661.222.79$3,249
Feb 201801,40261.782.77$3,878
Jan 201801,96962.874.01$7,894
Dec 2017026257.272.92$765
Nov 2017036355.423.12$1,132
Oct 2017039949.292.98$1,190
Sep 2017041847.523.09$1,290
Aug 2017037445.373.00$1,124
Jul 2017043843.873.09$1,352
Jun 2017041642.493.09$1,284
May 2017046045.373.26$1,501
Apr 2017049347.933.21$1,583
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 2016069541.622.92$2,032
Jun 2016083245.352.69$2,235
May 2016088742.521.99$1,766
Apr 2016089836.561.99$1,788
Mar 2016097133.011.79$1,742
Feb 2016098526.472.06$2,033
Jan 201601,10427.352.36$2,610
Dec 2015084932.362.00$1,699
Nov 2015089238.792.17$1,933
Oct 2015097743.552.43$2,371
Sep 201501,04342.992.76$2,877
Aug 201501,24340.162.87$3,571
Jul 201501,31448.152.95$3,870
Jun 201501,30256.152.88$3,753
May 201501,57355.212.96$4,649
Apr 201501,48649.822.71$4,022
Mar 2015016842.892.93$493
Feb 2015022344.662.98$664
Jan 2015060043.433.10$1,860
Dec 2014032154.693.59$1,153
Nov 2014032170.464.25$1,365
Oct 2014037678.303.90$1,467
Sep 2014033386.164.05$1,347
Aug 2014039089.394.04$1,574
Jul 2014045196.564.18$1,885
Jun 2014049298.164.74$2,331
May 2014049794.734.73$2,349
Apr 2014060595.944.81$2,910
Mar 2014038695.895.06$1,952
Feb 2014055497.406.19$3,430
Jan 2014056990.404.86$2,766
Dec 2013065591.824.35$2,852
Nov 2013058288.853.74$2,176
Oct 2013060597.423.78$2,287
Sep 20130733104.113.72$2,725
Aug 20130685104.253.52$2,413
Jul 20130811102.523.72$3,015
Jun 2013060694.403.93$2,384
May 2013048594.834.15$2,012
Apr 2013043293.964.28$1,850
Mar 2013051393.623.91$2,007
Feb 2013038991.233.42$1,330
Jan 2013044091.603.42$1,505
Dec 2012068586.773.42$2,343
Nov 2012066986.953.62$2,425
Oct 2012070889.383.40$2,407
Sep 2012059494.672.92$1,734
Aug 2012069192.662.91$2,010
Jul 2012049985.133.02$1,507
Jun 2012057779.822.52$1,453
May 2012067291.612.49$1,672
Apr 20120631101.652.00$1,260
Mar 20120683105.052.22$1,518
Feb 20120735101.102.57$1,889
Jan 2012065998.092.73$1,802
Dec 2011069596.873.24$2,252
Nov 2011071095.723.31$2,351
Oct 2011039984.983.65$1,456
Sep 20110083.623.99$0
Aug 2011034883.404.15$1,444
Jul 2011034894.144.52$1,572
Jun 2011051892.904.64$2,403
May 2011053698.134.40$2,361
Apr 20110518105.964.33$2,245
Mar 2011053696.364.06$2,175
Feb 2011048485.644.18$2,023
Jan 2011054686.504.59$2,505
Dec 201001,21585.734.35$5,283
Nov 201002,42880.843.80$9,215
Oct 201002,75978.103.51$9,681
Sep 201002,33172.633.98$9,276
Aug 201002,28273.684.42$10,085
Jul 201002,44872.554.74$11,595
Jun 201002,39870.364.91$11,775
May 201002,53971.124.24$10,753
Apr 201002,33181.694.12$9,610
Mar 201003,13278.394.39$13,745
Feb 201002,90573.585.44$15,810
Jan 201003,21974.365.96$19,198
Dec 200903,24671.445.48$17,800
Nov 200902,86974.593.75$10,763
Oct 200902,56572.544.11$10,543
Sep 200902,47365.543.06$7,579
Aug 200903,11467.423.22$10,022
Jul 200901,82161.133.46$6,309
Jun 200902,43666.163.90$9,488
May 200902,57054.743.93$10,089
Apr 200902,82846.773.59$10,145
Mar 200902,93842.144.06$11,925
Feb 200902,94032.814.63$13,621
Jan 200903,86935.865.37$20,780
Dec 200803,36337.105.98$20,101
Nov 200803,22555.496.86$22,125
Oct 200803,00675.246.92$20,807
Sep 200802,761101.767.88$21,749
Aug 200802,983114.228.48$25,305
Jul 200803,157131.0811.39$35,956
Jun 200803,190131.3313.03$41,574
May 200803,512123.1711.57$40,649
Apr 200802,974110.3110.45$31,093
Mar 200803,978101.909.66$38,444
Feb 200803,36592.538.77$29,513
Jan 200803,76390.388.21$30,878
Dec 200704,06488.337.30$29,675
Nov 200704,63591.677.29$33,797
Oct 200705,44282.856.92$37,669
Sep 2007093575.846.24$5,838
Aug 2007073969.066.39$4,721
Jul 2007066470.906.39$4,242
Jun 2007030262.007.55$2,280
May 2007427958.747.85$2,424
Apr 2007075659.617.81$5,901
Mar 200701,70656.927.30$12,457
Feb 200714,75355.108.22$39,106
Jan 200701,04050.306.73$6,996
Dec 200682,53556.656.92$17,991
Nov 200614,01954.207.62$30,669
Oct 200604,02254.906.01$24,188
Sep 200603,72760.085.04$18,774
Aug 200603,72868.717.34$27,363
Jul 200603,44969.376.34$21,876
Jun 200602,55066.286.38$16,279
May 200603,79666.016.42$24,389
Apr 200613,00164.397.36$22,153
Mar 200604,39356.707.08$31,115
Feb 200604,04257.597.75$31,330
Jan 200604,64160.598.93$41,460
Dec 200514,74654.9413.42$63,724
Nov 200504,17554.6910.59$44,207
Oct 200504,13058.3413.80$56,976
Sep 200504,33561.4512.08$52,362
Aug 200503,97961.519.80$38,982
Jul 200504,53155.697.84$35,540
Jun 200503,25152.337.38$23,996
May 200504,75545.226.65$31,626
Apr 200504,83749.207.36$35,603
Mar 200505,64350.377.15$40,375
Feb 200504,31345.226.31$27,223
Jan 200505,46043.166.32$34,519
Dec 200406,55239.866.75$44,233
Nov 200405,15145.286.33$32,608
Oct 200404,99949.706.52$32,569
Sep 200425,18943.245.28$27,505
Aug 200405,72542.375.55$31,778
Jul 200403,90638.286.08$23,765
Jun 200404,59836.106.43$29,579
May 200405,28837.486.49$34,343
Apr 200406,47234.475.86$37,916
Mar 200405,84234.365.53$32,307
Feb 200406,16532.455.51$33,967
Jan 200405,73332.036.30$36,116
Dec 200306,04030.266.30$38,062
Nov 200305,18928.804.60$23,844
Oct 200305,65228.174.76$26,901
Sep 200304,05526.314.75$19,259
Aug 200304,45029.765.13$22,827
Jul 200306,73729.415.17$34,836
Jun 200305,57228.565.98$33,337
May 200307,03926.595.97$42,042
Apr 200305,74826.675.41$31,081
Mar 200306,73931.146.10$41,081
Feb 200306,19133.487.93$49,069
Jan 200306,15730.315.58$34,369
Dec 200205,84726.914.85$28,380
Nov 200203,58724.664.14$14,839
Oct 200205,81726.464.23$24,601
Sep 200206,32227.443.64$22,982
Aug 200207,00325.963.16$22,159
Jul 200206,07724.583.06$18,606
Jun 200206,80723.733.34$22,723
May 200207,64524.663.58$27,400
Apr 200206,20023.653.51$21,776
Mar 200206,80322.003.10$21,108
Feb 200205,13218.222.38$12,192
Jan 200206,52017.172.38$15,489
Dec 200101,64916.932.36$3,899
Nov 200103,06418.072.41$7,371
Oct 200102,12719.782.53$5,379
Sep 200102,90824.262.25$6,547
Aug 200102,01124.873.05$6,140
Jul 200102,78623.933.20$8,907
Jun 200102,91224.563.82$11,136
May 200102,62225.524.31$11,294
Apr 200102,85024.685.34$15,206
Mar 200102,94024.545.38$15,807
Feb 200102,82227.755.77$16,275
Jan 200105,10927.478.40$42,909
Dec 200002,66926.889.12$24,348
Nov 200003,37432.215.66$19,090
Oct 200003,42331.235.15$17,613
Sep 200004,72231.875.19$24,491
Aug 200003,64529.644.54$16,551
Jul 200003,43128.534.09$14,032
Jun 200005,23529.304.40$23,020
May 200003,87627.263.68$14,263
Apr 200004,45424.513.12$13,879
Mar 200004,96828.422.86$14,207
Feb 200004,50127.622.73$12,272
Jan 200003,99225.272.48$9,902
Dec 199905,76124.282.42$13,963
Nov 199907,12823.192.43$17,349
Oct 199906,88020.982.80$19,290
Sep 199907,71721.752.62$20,210
Aug 199907,38219.262.88$21,228
Jul 199908,52117.892.37$20,215
Jun 199906,81315.942.36$16,093
May 199908,07815.792.32$18,749
Apr 199909,07415.102.21$20,036
Mar 199908,27012.471.84$15,203
Feb 199908,0329.981.82$14,600
Jan 199907,77910.381.90$14,780
Dec 199809,1349.201.77$16,198
Nov 199809,32010.892.19$20,371
Oct 1998011,00212.421.97$21,665
Sep 199809,82112.592.08$20,453
Aug 199807,01711.301.91$13,384
Jul 199806,33511.742.24$14,173
Jun 1998012,07011.242.24$27,004
May 1998012,65612.622.21$27,923
Apr 1998011,83013.042.51$29,638
Mar 1998011,57512.802.31$26,732
Feb 1998013,88913.952.30$31,933
Jan 1998016,28914.702.15$35,099
Dec 1997019,26116.322.41$46,440
Nov 1997020,76518.193.09$64,128
Oct 1997025,18819.253.15$79,338
Sep 1997028,82117.742.95$85,163
Aug 1997036,21317.862.55$92,515
Jul 1997048,91917.582.25$109,918
Jun 1997369,54917.242.26$157,038
May 19977127,44618.972.31$294,342
Apr 19973279,50817.882.08$582,207

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                  593 Mcf  × $  3.05 =     $1,806

────────────────────────────────────────────────────
Month total                                   $1,806

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/163781 is the state's own key, not one this site invented.