IRONSIDE UNIT

Name: IRONSIDE UNIT lease production and value, Mar 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 164064District 03Field 347735502 tax incentive programmesCondensateGasSave Export

Value, all time

$5.1 M

Mar 1997 – Dec 2024

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

334

no gaps in the span

Streams

condensate, gas

The GIDDINGS (AUSTIN CHALK, GAS) field

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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered

1978-08-01

as the register files it

Field class

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 2018-10-16.

The Commission's schedule remark for this field reads: “AMENDED DRILLING PERMITS, NOTICE, OR HEARING.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	1998-03-20	136734
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	16,399 bbl	$412,744
Gas	Production	1,307,632 Mcf	$4,688,994
Total			$5,101,738

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 30.4775, -96.1787. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.47748, -96.17866 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

16,046 ft

1 wells filed one

Completion to plug

27.7 years

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

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 16,046 ft.

Completions filed

Mar 1997

1 of 1 wells

Plug dates filed

Nov 2024

1 of 1 wells

Last completion to plug: a median of 27.7 years across the 1 well that filed both dates, with the middle half between 27.7 years and 27.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-04131892	1	16,046 ft	Mar 1997	Nov 2024	Yes

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 (334)

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

334 months


Dec 2024	0	0	68.99	3.12	$0
Nov 2024	0	0	69.05	2.20	$0
Oct 2024	0	239	71.37	2.28	$545
Sep 2024	0	259	69.61	2.36	$612
Aug 2024	0	429	75.63	2.06	$885
Jul 2024	0	349	79.93	2.15	$749
Jun 2024	0	208	78.08	2.63	$548
May 2024	0	474	78.81	2.20	$1,042
Apr 2024	0	67	84.45	1.66	$111
Mar 2024	0	0	80.30	1.55	$0
Feb 2024	0	189	76.09	1.78	$337
Jan 2024	0	237	73.02	3.30	$782
Dec 2023	0	240	71.26	2.61	$627
Nov 2023	0	222	77.89	2.81	$623
Oct 2023	0	43	85.44	3.09	$133
Sep 2023	0	137	89.04	2.74	$375
Aug 2023	0	311	80.52	2.67	$831
Jul 2023	0	66	74.85	2.64	$174
Jun 2023	0	290	68.96	2.26	$655
May 2023	0	0	70.62	2.23	$0
Apr 2023	0	281	78.12	2.24	$629
Mar 2023	0	264	72.85	2.39	$632
Feb 2023	0	0	75.11	2.47	$0
Jan 2023	0	268	76.53	3.39	$908
Dec 2022	0	121	76.41	5.73	$693
Nov 2022	0	275	85.00	5.65	$1,553
Oct 2022	0	148	87.18	5.86	$868
Sep 2022	0	3	84.88	8.16	$24
Aug 2022	0	278	94.52	9.13	$2,537
Jul 2022	0	479	101.58	7.54	$3,613
Jun 2022	0	0	115.09	7.98	$0
May 2022	0	71	109.37	8.43	$599
Apr 2022	0	245	104.22	6.84	$1,675
Mar 2022	0	0	108.88	5.08	$0
Feb 2022	0	242	91.05	4.86	$1,176
Jan 2022	0	0	81.84	4.54	$0
Dec 2021	0	6	71.32	3.90	$23
Nov 2021	0	505	77.43	5.24	$2,645
Oct 2021	0	0	79.79	5.71	$0
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	0	424	66.02	4.22	$1,790
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	0	519	69.49	3.38	$1,755
May 2021	0	0	63.48	3.02	$0
Apr 2021	0	220	60.36	2.76	$607
Mar 2021	0	652	61.30	2.72	$1,771
Feb 2021	0	260	57.80	5.55	$1,442
Jan 2021	0	0	50.41	2.81	$0
Dec 2020	0	269	44.64	2.68	$720
Nov 2020	0	114	38.77	2.71	$309
Oct 2020	0	334	36.97	2.48	$828
Sep 2020	0	170	37.09	1.99	$338
Aug 2020	0	480	39.98	2.39	$1,145
Jul 2020	0	194	38.37	1.83	$354
Jun 2020	0	742	34.90	1.69	$1,254
May 2020	0	0	16.92	1.81	$0
Apr 2020	0	215	14.75	1.80	$388
Mar 2020	0	254	30.34	1.86	$471
Feb 2020	0	444	49.88	1.98	$879
Jan 2020	0	269	57.25	2.09	$563
Dec 2019	0	484	59.01	2.30	$1,115
Nov 2019	0	425	55.30	2.75	$1,169
Oct 2019	0	663	53.47	2.42	$1,603
Sep 2019	0	119	55.05	2.66	$316
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	444	56.27	2.46	$1,092
Jun 2019	0	739	52.78	2.49	$1,841
May 2019	0	525	58.48	2.74	$1,439
Apr 2019	0	43	62.63	2.75	$118
Mar 2019	0	766	56.80	3.06	$2,346
Feb 2019	0	60	50.85	2.79	$168
Jan 2019	0	445	46.03	3.23	$1,437
Dec 2018	0	875	46.59	4.19	$3,662
Nov 2018	0	114	52.93	4.24	$483
Oct 2018	0	804	61.44	3.40	$2,732
Sep 2018	0	299	59.54	3.11	$929
Aug 2018	31	500	59.40	3.07	$3,375
Jul 2018	0	605	65.14	2.93	$1,774
Jun 2018	0	552	60.18	3.08	$1,698
May 2018	0	468	65.38	2.90	$1,358
Apr 2018	0	500	63.84	2.90	$1,450
Mar 2018	0	617	61.22	2.79	$1,719
Feb 2018	0	146	61.78	2.77	$404
Jan 2018	0	389	62.87	4.01	$1,560
Dec 2017	0	496	57.27	2.92	$1,449
Nov 2017	0	439	55.42	3.12	$1,369
Oct 2017	0	422	49.29	2.98	$1,259
Sep 2017	96	544	47.52	3.09	$6,241
Aug 2017	0	780	45.37	3.00	$2,343
Jul 2017	0	295	43.87	3.09	$911
Jun 2017	0	352	42.49	3.09	$1,087
May 2017	0	332	45.37	3.26	$1,083
Apr 2017	0	504	47.93	3.21	$1,619
Mar 2017	0	1	46.77	2.98	$3
Feb 2017	0	276	50.45	2.95	$815
Jan 2017	0	538	49.41	3.42	$1,839
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	247	42.49	2.64	$653
Oct 2016	0	142	46.19	3.09	$439
Sep 2016	0	106	41.55	3.10	$329
Aug 2016	0	167	41.44	2.92	$488
Jul 2016	0	659	41.62	2.92	$1,927
Jun 2016	0	824	45.35	2.69	$2,213
May 2016	0	963	42.52	1.99	$1,917
Apr 2016	0	1,051	36.56	1.99	$2,093
Mar 2016	0	989	33.01	1.79	$1,774
Feb 2016	0	1,637	26.47	2.06	$3,378
Jan 2016	0	159	27.35	2.36	$376
Dec 2015	0	1,336	32.36	2.00	$2,674
Nov 2015	0	665	38.79	2.17	$1,441
Oct 2015	179	1,094	43.55	2.43	$10,450
Sep 2015	0	1,086	42.99	2.76	$2,996
Aug 2015	0	1,139	40.16	2.87	$3,272
Jul 2015	0	1,084	48.15	2.95	$3,192
Jun 2015	0	1,069	56.15	2.88	$3,082
May 2015	0	1,234	55.21	2.96	$3,647
Apr 2015	0	1,109	49.82	2.71	$3,002
Mar 2015	0	1,326	42.89	2.93	$3,891
Feb 2015	0	1,030	44.66	2.98	$3,065
Jan 2015	0	999	43.43	3.10	$3,098
Dec 2014	0	1,209	54.69	3.59	$4,342
Nov 2014	0	1,079	70.46	4.25	$4,588
Oct 2014	0	666	78.30	3.90	$2,598
Sep 2014	0	1,161	86.16	4.05	$4,697
Aug 2014	0	1,259	89.39	4.04	$5,080
Jul 2014	114	1,126	96.56	4.18	$15,714
Jun 2014	0	1,361	98.16	4.74	$6,447
May 2014	0	1,348	94.73	4.73	$6,371
Apr 2014	0	1,138	95.94	4.81	$5,473
Mar 2014	0	1,188	95.89	5.06	$6,007
Feb 2014	0	1,080	97.40	6.19	$6,687
Jan 2014	0	1,282	90.40	4.86	$6,231
Dec 2013	0	1,031	91.82	4.35	$4,489
Nov 2013	0	1,102	88.85	3.74	$4,120
Oct 2013	0	1,281	97.42	3.78	$4,841
Sep 2013	0	1,240	104.11	3.72	$4,610
Aug 2013	0	1,324	104.25	3.52	$4,664
Jul 2013	0	1,499	102.52	3.72	$5,573
Jun 2013	0	1,492	94.40	3.93	$5,869
May 2013	0	1,967	94.83	4.15	$8,161
Apr 2013	0	87	93.96	4.28	$373
Mar 2013	0	1,334	93.62	3.91	$5,220
Feb 2013	0	947	91.23	3.42	$3,239
Jan 2013	0	1,646	91.60	3.42	$5,629
Dec 2012	0	892	86.77	3.42	$3,051
Nov 2012	0	1,392	86.95	3.62	$5,046
Oct 2012	0	1,470	89.38	3.40	$4,998
Sep 2012	0	1,295	94.67	2.92	$3,779
Aug 2012	0	1,527	92.66	2.91	$4,441
Jul 2012	0	1,352	85.13	3.02	$4,084
Jun 2012	0	1,531	79.82	2.52	$3,857
May 2012	180	1,673	91.61	2.49	$20,653
Apr 2012	0	1,293	101.65	2.00	$2,582
Mar 2012	0	1,545	105.05	2.22	$3,433
Feb 2012	0	1,636	101.10	2.57	$4,205
Jan 2012	0	1,309	98.09	2.73	$3,579
Dec 2011	0	1,355	96.87	3.24	$4,390
Nov 2011	0	1,552	95.72	3.31	$5,139
Oct 2011	0	1,402	84.98	3.65	$5,115
Sep 2011	0	1,327	83.62	3.99	$5,289
Aug 2011	0	1,400	83.40	4.15	$5,809
Jul 2011	0	1,636	94.14	4.52	$7,390
Jun 2011	0	1,549	92.90	4.64	$7,187
May 2011	0	1,630	98.13	4.40	$7,180
Apr 2011	0	1,102	105.96	4.33	$4,775
Mar 2011	0	1,414	96.36	4.06	$5,737
Feb 2011	0	1,376	85.64	4.18	$5,752
Jan 2011	0	1,648	86.50	4.59	$7,562
Dec 2010	0	1,471	85.73	4.35	$6,396
Nov 2010	50	1,607	80.84	3.80	$10,141
Oct 2010	0	1,456	78.10	3.51	$5,109
Sep 2010	0	1,808	72.63	3.98	$7,195
Aug 2010	0	1,572	73.68	4.42	$6,947
Jul 2010	0	1,779	72.55	4.74	$8,426
Jun 2010	0	1,883	70.36	4.91	$9,246
May 2010	0	1,987	71.12	4.24	$8,415
Apr 2010	0	2,645	81.69	4.12	$10,905
Mar 2010	100	2,601	78.39	4.39	$19,254
Feb 2010	0	591	73.58	5.44	$3,216
Jan 2010	0	328	74.36	5.96	$1,956
Dec 2009	0	1,232	71.44	5.48	$6,756
Nov 2009	0	1,986	74.59	3.75	$7,450
Oct 2009	0	1,381	72.54	4.11	$5,676
Sep 2009	0	1,497	65.54	3.06	$4,588
Aug 2009	0	1,550	67.42	3.22	$4,989
Jul 2009	0	1,567	61.13	3.46	$5,429
Jun 2009	0	1,474	66.16	3.90	$5,741
May 2009	0	1,990	54.74	3.93	$7,812
Apr 2009	0	2,063	46.77	3.59	$7,401
Mar 2009	0	357	42.14	4.06	$1,449
Feb 2009	0	14	32.81	4.63	$65
Jan 2009	185	1,598	35.86	5.37	$15,217
Dec 2008	0	1,567	37.10	5.98	$9,366
Nov 2008	0	1,734	55.49	6.86	$11,896
Oct 2008	0	1,798	75.24	6.92	$12,446
Sep 2008	0	1,107	101.76	7.88	$8,720
Aug 2008	0	1,785	114.22	8.48	$15,142
Jul 2008	0	1,890	131.08	11.39	$21,526
Jun 2008	183	1,657	131.33	13.03	$45,628
May 2008	0	1,887	123.17	11.57	$21,841
Apr 2008	0	2,230	110.31	10.45	$23,314
Mar 2008	0	1,798	101.90	9.66	$17,376
Feb 2008	0	1,940	92.53	8.77	$17,015
Jan 2008	0	1,938	90.38	8.21	$15,903
Dec 2007	0	1,957	88.33	7.30	$14,290
Nov 2007	0	2,043	91.67	7.29	$14,897
Oct 2007	0	2,071	82.85	6.92	$14,335
Sep 2007	0	1,972	75.84	6.24	$12,313
Aug 2007	0	2,040	69.06	6.39	$13,031
Jul 2007	0	1,864	70.90	6.39	$11,907
Jun 2007	0	3,332	62.00	7.55	$25,151
May 2007	1	654	58.74	7.85	$5,190
Apr 2007	1	1,928	59.61	7.81	$15,108
Mar 2007	0	1,782	56.92	7.30	$13,012
Feb 2007	180	2,100	55.10	8.22	$27,172
Jan 2007	2	1,107	50.30	6.73	$7,547
Dec 2006	1	2,431	56.65	6.92	$16,875
Nov 2006	1	2,239	54.20	7.62	$17,110
Oct 2006	0	2,421	54.90	6.01	$14,559
Sep 2006	1	2,639	60.08	5.04	$13,353
Aug 2006	0	3,136	68.71	7.34	$23,018
Jul 2006	1	2,368	69.37	6.34	$15,089
Jun 2006	1	2,282	66.28	6.38	$14,634
May 2006	177	2,932	66.01	6.42	$30,522
Apr 2006	1	2,940	64.39	7.36	$21,704
Mar 2006	2	3,047	56.70	7.08	$21,695
Feb 2006	185	3,493	57.59	7.75	$37,729
Jan 2006	9	4,777	60.59	8.93	$43,220
Dec 2005	15	6,932	54.94	13.42	$93,820
Nov 2005	10	7,938	54.69	10.59	$84,598
Oct 2005	0	1,643	58.34	13.80	$22,666
Sep 2005	0	955	61.45	12.08	$11,535
Aug 2005	0	1,125	61.51	9.80	$11,021
Jul 2005	0	950	55.69	7.84	$7,451
Jun 2005	0	993	52.33	7.38	$7,329
May 2005	0	943	45.22	6.65	$6,272
Apr 2005	0	957	49.20	7.36	$7,044
Mar 2005	0	939	50.37	7.15	$6,718
Feb 2005	0	92	45.22	6.31	$581
Jan 2005	1	138	43.16	6.32	$916
Dec 2004	192	4,163	39.86	6.75	$35,758
Nov 2004	5	4,664	45.28	6.33	$29,751
Oct 2004	8	5,753	49.70	6.52	$37,879
Sep 2004	8	5,768	43.24	5.28	$30,823
Aug 2004	0	3,699	42.37	5.55	$20,532
Jul 2004	2	2,266	38.28	6.08	$13,863
Jun 2004	3	2,556	36.10	6.43	$16,551
May 2004	176	2,350	37.48	6.49	$21,859
Apr 2004	5	2,354	34.47	5.86	$13,963
Mar 2004	1	225	34.36	5.53	$1,279
Feb 2004	2	770	32.45	5.51	$4,307
Jan 2004	194	6,000	32.03	6.30	$44,012
Dec 2003	194	6,750	30.26	6.30	$48,407
Nov 2003	1	7,292	28.80	4.60	$33,537
Oct 2003	186	8,198	28.17	4.76	$44,259
Sep 2003	1	3,097	26.31	4.75	$14,735
Aug 2003	0	1,158	29.76	5.13	$5,940
Jul 2003	180	6,067	29.41	5.17	$36,665
Jun 2003	1	6,120	28.56	5.98	$36,644
May 2003	1	6,970	26.59	5.97	$41,656
Apr 2003	193	9,411	26.67	5.41	$56,035
Mar 2003	185	6,339	31.14	6.10	$44,404
Feb 2003	0	3,601	33.48	7.93	$28,541
Jan 2003	2	901	30.31	5.58	$5,090
Dec 2002	0	1,523	26.91	4.85	$7,392
Nov 2002	0	2,392	24.66	4.14	$9,896
Oct 2002	0	1,326	26.46	4.23	$5,608
Sep 2002	0	395	27.44	3.64	$1,436
Aug 2002	194	1,553	25.96	3.16	$9,950
Jul 2002	0	3,044	24.58	3.06	$9,320
Jun 2002	0	3,617	23.73	3.34	$12,074
May 2002	0	5,478	24.66	3.58	$19,633
Apr 2002	191	3,086	23.65	3.51	$15,356
Mar 2002	0	5,137	22.00	3.10	$15,939
Feb 2002	357	2,797	18.22	2.38	$13,149
Jan 2002	0	5,862	17.17	2.38	$13,926
Dec 2001	0	7,374	16.93	2.36	$17,435
Nov 2001	0	6,692	18.07	2.41	$16,098
Oct 2001	0	5,660	19.78	2.53	$14,313
Sep 2001	0	5,819	24.26	2.25	$13,100
Aug 2001	351	7,548	24.87	3.05	$31,775
Jul 2001	0	9,336	23.93	3.20	$29,848
Jun 2001	0	5,597	24.56	3.82	$21,404
May 2001	358	8,180	25.52	4.31	$44,370
Apr 2001	0	7,350	24.68	5.34	$39,215
Mar 2001	0	7,599	24.54	5.38	$40,856
Feb 2001	0	9,319	27.75	5.77	$53,743
Jan 2001	550	11,755	27.47	8.40	$113,836
Dec 2000	0	8,575	26.88	9.12	$78,225
Nov 2000	0	10,132	32.21	5.66	$57,327
Oct 2000	185	10,250	31.23	5.15	$58,519
Sep 2000	357	9,881	31.87	5.19	$62,625
Aug 2000	353	9,817	29.64	4.54	$55,039
Jul 2000	0	11,060	28.53	4.09	$45,233
Jun 2000	0	8,799	29.30	4.40	$38,691
May 2000	0	4,884	27.26	3.68	$17,972
Apr 2000	350	9,242	24.51	3.12	$37,377
Mar 2000	0	3,430	28.42	2.86	$9,809
Feb 2000	0	9,611	27.62	2.73	$26,204
Jan 2000	0	3,213	25.27	2.48	$7,970
Dec 1999	377	7,739	24.28	2.42	$27,911
Nov 1999	0	8,348	23.19	2.43	$20,319
Oct 1999	184	10,277	20.98	2.80	$32,674
Sep 1999	184	10,663	21.75	2.62	$31,927
Aug 1999	357	11,962	19.26	2.88	$41,274
Jul 1999	0	12,689	17.89	2.37	$30,103
Jun 1999	356	9,050	15.94	2.36	$27,052
May 1999	0	11,233	15.79	2.32	$26,072
Apr 1999	192	8,935	15.10	2.21	$22,628
Mar 1999	191	11,468	12.47	1.84	$23,464
Feb 1999	188	11,473	9.98	1.82	$22,732
Jan 1999	183	7,327	10.38	1.90	$15,820
Dec 1998	189	15,209	9.20	1.77	$28,709
Nov 1998	182	10,989	10.89	2.19	$26,001
Oct 1998	359	16,496	12.42	1.97	$36,943
Sep 1998	187	14,440	12.59	2.08	$32,427
Aug 1998	185	12,060	11.30	1.91	$25,093
Jul 1998	355	16,354	11.74	2.24	$40,756
Jun 1998	173	16,289	11.24	2.24	$38,387
May 1998	366	16,753	12.62	2.21	$41,582
Apr 1998	171	20,730	13.04	2.51	$54,165
Mar 1998	531	12,097	12.80	2.31	$34,734
Feb 1998	186	17,172	13.95	2.30	$42,075
Jan 1998	362	23,644	14.70	2.15	$56,269
Dec 1997	369	24,330	16.32	2.41	$64,684
Nov 1997	367	25,860	18.19	3.09	$86,538
Oct 1997	543	30,821	19.25	3.15	$107,533
Sep 1997	9	33,987	17.74	2.95	$100,587
Aug 1997	544	37,636	17.86	2.55	$105,866
Jul 1997	725	45,915	17.58	2.25	$115,914
Jun 1997	546	53,025	17.24	2.26	$129,101
May 1997	736	68,177	18.97	2.31	$171,349
Apr 1997	588	68,250	17.88	2.08	$152,663
Mar 1997	21	22,166	18.95	1.94	$43,381

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.

Oct 2024 — as filed, then multipliedworked

Condensate             0 bbl  × $ 71.37 =         $0
Gas                  239 Mcf  × $  2.28 =       $545

────────────────────────────────────────────────────
Month total                                     $545

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/164064 is the state's own key, not one this site invented.