VELMER MAE

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 165321District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.7 M
Oct 1997 – May 2026
Value, last 12 filed months
$39 k
at the published price for each month
Months reported
344
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 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.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111998-01-15137631
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
CondensateDisposition1,589 bbl$47,537
GasProduction1,820,218 Mcf$6,610,865
Total$6,658,401

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 30.5376, -95.9447. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.53763, -95.94469 · 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
18,133 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 18,133 ft.

Completions filed
Oct 1997
1 of 1 wells

1 well

42-18530626218,133 ftOct 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 (344)

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

344 months

May 20260971106.413.05$2,958
Apr 2026029498.932.87$844
Mar 2026065289.753.15$2,053
Feb 202601,20763.503.75$4,527
Jan 2026077359.138.00$6,182
Dec 2025096156.664.41$4,241
Nov 2025140758.593.93$1,657
Oct 2025090559.383.30$2,991
Sep 202501,18562.743.08$3,646
Aug 2025092363.933.01$2,783
Jul 202501,17366.743.32$3,889
Jun 202501,02566.483.13$3,207
May 202501,03560.553.23$3,345
Apr 202501,02662.363.54$3,635
Mar 2025095267.704.27$4,063
Feb 2025096170.884.34$4,172
Jan 202521,12674.324.28$4,966
Dec 202401,06368.993.12$3,318
Nov 202401,04969.052.20$2,306
Oct 202401,08171.372.28$2,466
Sep 202401,03769.612.36$2,452
Aug 202401,03675.632.06$2,138
Jul 202401,09679.932.15$2,353
Jun 202401,06478.082.63$2,803
May 202401,14778.812.20$2,522
Apr 202401,07784.451.66$1,787
Mar 202401,15580.301.55$1,785
Feb 202401,14976.091.78$2,049
Jan 202401,15273.023.30$3,799
Dec 202301,15371.262.61$3,010
Nov 202301,12877.892.81$3,167
Oct 202301,16185.443.09$3,584
Sep 202301,08789.042.74$2,973
Aug 202301,26080.522.67$3,368
Jul 202301,28674.852.64$3,397
Jun 202301,41568.962.26$3,196
May 202301,13070.622.23$2,517
Apr 202301,53678.122.24$3,437
Mar 20230072.852.39$0
Feb 202301,01675.112.47$2,505
Jan 2023074176.533.39$2,510
Dec 2022093676.415.73$5,362
Nov 202201,26085.005.65$7,114
Oct 202201,29787.185.86$7,605
Sep 202201,07584.888.16$8,776
Aug 202201,22394.529.13$11,163
Jul 202201,261101.587.54$9,511
Jun 202201,053115.097.98$8,400
May 202201,399109.378.43$11,798
Apr 202201,044104.226.84$7,138
Mar 202201,286108.885.08$6,528
Feb 202201,25091.054.86$6,074
Jan 202201,47981.844.54$6,711
Dec 202101,24671.323.90$4,858
Nov 202101,28377.435.24$6,719
Oct 202101,36979.795.71$7,822
Sep 202101,45769.865.35$7,796
Aug 202101,51666.024.22$6,398
Jul 2021031470.783.98$1,250
Jun 202101,10969.493.38$3,749
May 202101,23163.483.02$3,715
Apr 202101,57860.362.76$4,353
Mar 202101,81161.302.72$4,920
Feb 202101,64557.805.55$9,126
Jan 202102,42650.412.81$6,818
Dec 202005,22644.642.68$13,982
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020089314.751.80$1,611
Mar 202001,36130.341.86$2,526
Feb 202001,14449.881.98$2,266
Jan 202001,32257.252.09$2,769
Dec 201901,49259.012.30$3,438
Nov 201902,09755.302.75$5,768
Oct 20190053.472.42$0
Sep 2019036555.052.66$970
Aug 201901,31453.112.30$3,028
Jul 201901,12456.272.46$2,765
Jun 201941,35152.782.49$3,577
May 201951,10158.482.74$3,309
Apr 201951,31962.632.75$3,941
Mar 2019538356.803.06$1,457
Feb 2019096050.852.79$2,681
Jan 201901,69046.033.23$5,456
Dec 201801,16446.594.19$4,872
Nov 201801,27252.934.24$5,390
Oct 201801,42461.443.40$4,839
Sep 201801,25859.543.11$3,910
Aug 201801,41859.403.07$4,348
Jul 201802,07065.142.93$6,069
Jun 201801,24660.183.08$3,834
May 2018061465.382.90$1,781
Apr 201801,40463.842.90$4,073
Mar 201801,52161.222.79$4,239
Feb 201801,45261.782.77$4,016
Jan 201801,37462.874.01$5,509
Dec 201701,59557.272.92$4,660
Nov 201701,31555.423.12$4,101
Oct 201701,47949.292.98$4,413
Sep 201701,66147.523.09$5,128
Aug 201701,20845.373.00$3,629
Jul 201701,74943.873.09$5,400
Jun 201701,64342.493.09$5,072
May 201701,67545.373.26$5,466
Apr 201701,81247.933.21$5,819
Mar 201731,65246.772.98$5,069
Feb 201701,55450.452.95$4,588
Jan 201701,62549.413.42$5,556
Dec 201601,61148.763.72$5,997
Nov 201601,45542.492.64$3,848
Oct 201601,53446.193.09$4,740
Sep 201601,54441.553.10$4,787
Aug 201601,57341.442.92$4,600
Jul 201601,45641.622.92$4,258
Jun 201601,45745.352.69$3,913
May 201601,47142.521.99$2,929
Apr 201601,56436.561.99$3,114
Mar 201601,71933.011.79$3,084
Feb 201601,66326.472.06$3,432
Jan 201601,77627.352.36$4,199
Dec 201501,67932.362.00$3,360
Nov 201501,68538.792.17$3,652
Oct 201501,78143.552.43$4,322
Sep 201501,72642.992.76$4,761
Aug 201501,62440.162.87$4,665
Jul 201501,86448.152.95$5,490
Jun 201501,87156.152.88$5,394
May 201501,59355.212.96$4,708
Apr 201501,61649.822.71$4,374
Mar 201501,89742.892.93$5,567
Feb 201501,72244.662.98$5,125
Jan 201501,76443.433.10$5,470
Dec 201401,75554.693.59$6,303
Nov 201401,67870.464.25$7,135
Oct 201401,85078.303.90$7,217
Sep 201401,72686.164.05$6,982
Aug 201401,74089.394.04$7,021
Jul 201401,83496.564.18$7,665
Jun 201401,77698.164.74$8,413
May 201401,90594.734.73$9,004
Apr 201401,89995.944.81$9,133
Mar 201401,97995.895.06$10,007
Feb 201401,75597.406.19$10,867
Jan 201401,77990.404.86$8,647
Dec 201302,21291.824.35$9,632
Nov 201302,24288.853.74$8,381
Oct 201301,81697.423.78$6,863
Sep 201301,763104.113.72$6,554
Aug 201301,935104.253.52$6,816
Jul 2013652,003102.523.72$14,110
Jun 201301,99294.403.93$7,835
May 201302,03094.834.15$8,423
Apr 201302,01993.964.28$8,647
Mar 201302,13093.623.91$8,334
Feb 201301,63891.233.42$5,602
Jan 201302,13691.603.42$7,305
Dec 201202,41986.773.42$8,273
Nov 201202,09086.953.62$7,576
Oct 201202,15689.383.40$7,330
Sep 201202,00194.672.92$5,840
Aug 201202,03192.662.91$5,906
Jul 201202,18285.133.02$6,591
Jun 201202,03579.822.52$5,126
May 201202,18091.612.49$5,425
Apr 201202,139101.652.00$4,271
Mar 201202,240105.052.22$4,977
Feb 201202,324101.102.57$5,973
Jan 201202,66198.092.73$7,275
Dec 201102,46896.873.24$7,996
Nov 201102,16995.723.31$7,182
Oct 201102,22884.983.65$8,129
Sep 201102,16783.623.99$8,637
Aug 201102,11583.404.15$8,776
Jul 201102,42694.144.52$10,959
Jun 201102,44092.904.64$11,321
May 201102,54998.134.40$11,228
Apr 201102,195105.964.33$9,512
Mar 201102,43096.364.06$9,859
Feb 201101,95185.644.18$8,155
Jan 201102,21886.504.59$10,178
Dec 201002,24985.734.35$9,778
Nov 201002,27580.843.80$8,634
Oct 201002,44778.103.51$8,586
Sep 201002,39672.633.98$9,535
Aug 201002,57073.684.42$11,358
Jul 2010422,58472.554.74$15,286
Jun 201002,60670.364.91$12,797
May 201002,75071.124.24$11,647
Apr 201002,63181.694.12$10,847
Mar 201002,88678.394.39$12,666
Feb 201002,03573.585.44$11,075
Jan 201002,38074.365.96$14,195
Dec 200902,61071.445.48$14,313
Nov 200902,74374.593.75$10,290
Oct 200902,67272.544.11$10,983
Sep 200942,49765.543.06$7,915
Aug 200902,63267.423.22$8,471
Jul 200902,74161.133.46$9,496
Jun 200902,66866.163.90$10,392
May 200902,88854.743.93$11,338
Apr 200902,88946.773.59$10,364
Mar 200903,04442.144.06$12,356
Feb 200902,38132.814.63$11,031
Jan 200902,76335.865.37$14,840
Dec 200802,67937.105.98$16,013
Nov 200802,66655.496.86$18,290
Oct 200802,98375.246.92$20,648
Sep 200802,922101.767.88$23,017
Aug 200802,938114.228.48$24,923
Jul 200803,136131.0811.39$35,717
Jun 200803,016131.3313.03$39,306
May 200803,228123.1711.57$37,362
Apr 200802,616110.3110.45$27,350
Mar 200802,737101.909.66$26,451
Feb 200802,62692.538.77$23,032
Jan 200802,89390.388.21$23,739
Dec 200702,88888.337.30$21,088
Nov 200702,91191.677.29$21,226
Oct 20071763,23782.856.92$36,988
Sep 200703,07375.846.24$19,188
Aug 200703,20569.066.39$20,473
Jul 200703,53370.906.39$22,569
Jun 200703,00362.007.55$22,668
May 200703,06158.747.85$24,017
Apr 200703,55759.617.81$27,763
Mar 200702,62956.927.30$19,197
Feb 200702,51455.108.22$20,655
Jan 200702,57050.306.73$17,288
Dec 200603,26756.656.92$22,603
Nov 200602,64354.207.62$20,133
Oct 200602,91454.906.01$17,524
Sep 200602,94260.085.04$14,819
Aug 200603,32868.717.34$24,427
Jul 200602,34869.376.34$14,893
Jun 200602,64066.286.38$16,853
May 200602,94366.016.42$18,909
Apr 200603,14664.397.36$23,156
Mar 200603,47556.707.08$24,613
Feb 200603,11257.597.75$24,121
Jan 200603,14060.598.93$28,051
Dec 200503,24954.9413.42$43,587
Nov 200503,26754.6910.59$34,592
Oct 200503,39858.3413.80$46,878
Sep 200503,14361.4512.08$37,964
Aug 200503,34261.519.80$32,741
Jul 200503,62655.697.84$28,441
Jun 200503,63852.337.38$26,852
May 200504,01645.226.65$26,711
Apr 200503,97449.207.36$29,251
Mar 200504,22150.377.15$30,201
Feb 200503,65045.226.31$23,039
Jan 200503,54643.166.32$22,419
Dec 200404,24139.866.75$28,631
Nov 200404,32845.286.33$27,398
Oct 200403,61349.706.52$23,539
Sep 200403,44443.245.28$18,198
Aug 200403,72842.375.55$20,693
Jul 200404,13638.286.08$25,164
Jun 200404,55536.106.43$29,302
May 200404,20937.486.49$27,336
Apr 200404,16334.475.86$24,389
Mar 200404,56734.365.53$25,256
Feb 200404,37132.455.51$24,083
Jan 200404,53132.036.30$28,544
Dec 200305,02030.266.30$31,634
Nov 200304,20228.804.60$19,309
Oct 200303,92328.174.76$18,672
Sep 200304,15626.314.75$19,738
Aug 200304,93229.765.13$25,300
Jul 200303,29429.415.17$17,033
Jun 200304,55428.565.98$27,246
May 200304,71426.595.97$28,155
Apr 200304,85926.675.41$26,274
Mar 200306,83931.146.10$41,691
Feb 200314,22633.487.93$33,528
Jan 200304,99530.315.58$27,882
Dec 200205,40826.914.85$26,249
Nov 200204,10024.664.14$16,962
Oct 200205,63126.464.23$23,814
Sep 200206,25627.443.64$22,742
Aug 200204,87825.963.16$15,435
Jul 200206,63724.583.06$20,321
Jun 200205,85123.733.34$19,532
May 200206,11124.663.58$21,902
Apr 200205,45423.653.51$19,156
Mar 200206,04222.003.10$18,747
Feb 200206,59218.222.38$15,660
Jan 200206,19417.172.38$14,715
Dec 20011847,45416.932.36$20,739
Nov 200108,43218.072.41$20,283
Oct 200109,95619.782.53$25,178
Sep 200109,77324.262.25$22,002
Aug 200107,91424.873.05$24,163
Jul 200107,60223.933.20$24,304
Jun 200106,77824.563.82$25,920
May 200108,34825.524.31$35,958
Apr 200107,62424.685.34$40,676
Mar 2001010,54924.545.38$56,716
Feb 200108,07327.755.77$46,558
Jan 200109,79427.478.40$82,257
Dec 200008,35526.889.12$76,218
Nov 200008,73332.215.66$49,411
Oct 200009,56631.235.15$49,222
Sep 2000010,18031.875.19$52,799
Aug 2000110,62429.644.54$48,271
Jul 2000010,83428.534.09$44,308
Jun 200017210,24329.304.40$50,081
May 2000012,39527.263.68$45,611
Apr 2000013,65224.513.12$42,540
Mar 200007,89928.422.86$22,589
Feb 2000011,44927.622.73$31,216
Jan 200029,46625.272.48$23,531
Dec 1999011,03524.282.42$26,746
Nov 1999012,79823.192.43$31,150
Oct 1999013,85520.982.80$38,845
Sep 1999013,99121.752.62$36,640
Aug 1999115,69319.262.88$45,146
Jul 1999014,18317.892.37$33,647
Jun 1999113,00515.942.36$30,735
May 1999112,42715.792.32$28,859
Apr 199917416,25115.102.21$38,510
Mar 1999013,35212.471.84$24,545
Feb 1999015,0309.981.82$27,321
Jan 1999018,92610.381.90$35,958
Dec 1998118,1969.201.77$32,277
Nov 1998018,73310.892.19$40,945
Oct 1998321,05812.421.97$41,505
Sep 199815821,93512.592.08$47,671
Aug 1998025,35411.301.91$48,359
Jul 1998026,05011.742.24$58,281
Jun 1998029,46311.242.24$65,917
May 1998034,43112.622.21$75,966
Apr 199818735,42013.042.51$91,177
Mar 1998142,27312.802.31$97,640
Feb 1998143,96213.952.30$101,088
Jan 199816256,32714.702.15$123,754
Dec 199722771,62316.322.41$176,395
Nov 19970102,42318.193.09$316,309
Oct 19970219,53019.253.15$691,480

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                  971 Mcf  × $  3.05 =     $2,958

────────────────────────────────────────────────────
Month total                                   $2,958

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/165321 is the state's own key, not one this site invented.