PASKET

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 166509District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$31.7 M
Sep 1997 – May 2026
Value, last 12 filed months
$148 k
at the published price for each month
Months reported
345
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 Gas111998-03-20137828
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
CondensateDisposition50,012 bbl$1,524,902
GasProduction8,326,380 Mcf$30,131,277
Total$31,656,180

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 30.5134, -96.0824. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.51339, -96.08235 · 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
15,296 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 15,296 ft.

Completions filed
Sep 1997
1 of 1 wells

1 well

42-185306252H15,296 ftSep 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 (345)

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

345 months

May 202602,290106.413.05$6,975
Apr 202602,44098.932.87$7,002
Mar 20261882,69389.753.15$25,354
Feb 202602,52463.503.75$9,466
Jan 202602,89959.138.00$23,186
Dec 202502,94156.664.41$12,980
Nov 202512,98458.593.93$11,775
Oct 202502,71359.383.30$8,966
Sep 20251732,81862.743.08$19,525
Aug 202513,59963.933.01$10,914
Jul 202501,78866.743.32$5,928
Jun 202511,78666.483.13$5,654
May 202501,92960.553.23$6,235
Apr 202502,07162.363.54$7,338
Mar 202502,31067.704.27$9,860
Feb 202504,46670.884.34$19,386
Jan 20250374.324.28$13
Dec 202401,10168.993.12$3,437
Nov 202402,04969.052.20$4,505
Oct 202402,22871.372.28$5,083
Sep 202402,17769.612.36$5,147
Aug 202402,39675.632.06$4,944
Jul 20241842,33179.932.15$19,711
Jun 202402,37678.082.63$6,258
May 202403,58578.812.20$7,881
Apr 2024061684.451.66$1,022
Mar 202402,46880.301.55$3,813
Feb 202402,45676.091.78$4,381
Jan 202402,62673.023.30$8,660
Dec 202302,51871.262.61$6,574
Nov 202302,55477.892.81$7,171
Oct 202302,69585.443.09$8,320
Sep 202303,03189.042.74$8,290
Aug 20231783,20980.522.67$22,910
Jul 202313,10974.852.64$8,288
Jun 202303,46168.962.26$7,817
May 202304,18270.622.23$9,315
Apr 202303,08178.122.24$6,895
Mar 202302,99372.852.39$7,163
Feb 202314,09775.112.47$10,177
Jan 20231834,87976.533.39$30,534
Dec 202234,66976.415.73$26,978
Nov 202204,28785.005.65$24,205
Oct 202214,58187.185.86$26,949
Sep 202204,19584.888.16$34,247
Aug 202204,78794.529.13$43,692
Jul 20221904,949101.587.54$56,626
Jun 202204,224115.097.98$33,696
May 202206,194109.378.43$52,234
Apr 202206,687104.226.84$45,723
Mar 202206,513108.885.08$33,063
Feb 20221876,52091.054.86$48,706
Jan 202217,92781.844.54$36,052
Dec 202118,22171.323.90$32,126
Nov 202108,13677.435.24$42,607
Oct 20211928,29679.795.71$62,722
Sep 202109,78969.865.35$52,380
Aug 202102,97566.024.22$12,556
Jul 202109,41370.783.98$37,483
Jun 2021061369.493.38$2,072
May 20210063.483.02$0
Apr 20211662,73060.362.76$17,550
Mar 202107,48161.302.72$20,325
Feb 202104,26657.805.55$23,668
Jan 202106,97950.412.81$19,613
Dec 202006,95144.642.68$18,597
Nov 20201317,23738.772.71$24,666
Oct 202006,22136.972.48$15,418
Sep 202006,67537.091.99$13,290
Aug 202037,57039.982.39$18,175
Jul 20201896,59038.371.83$19,279
Jun 202006,64234.901.69$11,227
May 202007,46616.921.81$13,549
Apr 2020568,17214.751.80$15,571
Mar 202007,09630.341.86$13,172
Feb 20201817,75349.881.98$24,384
Jan 202008,68857.252.09$18,199
Dec 201906,39959.012.30$14,746
Nov 201908,54455.302.75$23,502
Oct 20191748,59253.472.42$30,084
Sep 201908,21155.052.66$21,819
Aug 2019010,11953.112.30$23,318
Jul 20191936,00156.272.46$25,623
Jun 201909,81152.782.49$24,441
May 201903,55758.482.74$9,747
Apr 201907,10262.632.75$19,535
Mar 201906,83056.803.06$20,914
Feb 20191915,85850.852.79$26,069
Jan 201905,07746.033.23$16,389
Dec 201804,95446.594.19$20,735
Nov 201807,32852.934.24$31,050
Oct 201808,68561.443.40$29,512
Sep 20181927,89759.543.11$35,976
Aug 201807,66559.403.07$23,505
Jul 201806,52665.142.93$19,133
Jun 201806,52160.183.08$20,065
May 201806,56165.382.90$19,032
Apr 20181937,20363.842.90$33,216
Mar 2018010,42561.222.79$29,053
Feb 201805,74661.782.77$15,894
Jan 201807,38862.874.01$29,621
Dec 20171934,97457.272.92$25,585
Nov 201706,86155.423.12$21,395
Oct 201704,83849.292.98$14,435
Sep 201704,79347.523.09$14,797
Aug 201706,28645.373.00$18,886
Jul 201708,35643.873.09$25,797
Jun 201706,01842.493.09$18,579
May 20171206,82945.373.26$27,730
Apr 201707,70647.933.21$24,749
Mar 20171837,03946.772.98$29,561
Feb 201706,87250.452.95$20,290
Jan 201707,62449.413.42$26,065
Dec 201607,30048.763.72$27,177
Nov 20161868,59242.492.64$30,623
Oct 201607,93746.193.09$24,527
Sep 201608,94441.553.10$27,732
Aug 201609,44741.442.92$27,626
Jul 201609,35941.622.92$27,369
Jun 20161837,61745.352.69$28,757
May 201609,23642.521.99$18,389
Apr 201609,46636.561.99$18,847
Mar 2016739,39933.011.79$19,272
Feb 201608,93126.472.06$18,430
Jan 20161298,81627.352.36$24,372
Dec 20151099,00232.362.00$21,544
Nov 201508,84438.792.17$19,168
Oct 201508,24343.552.43$20,002
Sep 20151286,88142.992.76$24,483
Aug 201506,01140.162.87$17,267
Jul 201505,91948.152.95$17,432
Jun 20151285,46756.152.88$22,948
May 201507,34355.212.96$21,702
Apr 20151176,84249.822.71$24,347
Mar 2015498,66942.892.93$27,543
Feb 201506,63744.662.98$19,753
Jan 201507,43343.433.10$23,047
Dec 20141196,87254.693.59$31,188
Nov 20141137,59270.464.25$40,242
Oct 201407,19078.303.90$28,048
Sep 201406,76886.164.05$27,380
Aug 20141907,89189.394.04$48,825
Jul 201408,04296.564.18$33,612
Jun 201406,81698.164.74$32,287
May 2014827,66594.734.73$43,997
Apr 201406,59895.944.81$31,731
Mar 20141147,90495.895.06$50,900
Feb 201407,00897.406.19$43,394
Jan 201407,05590.404.86$34,292
Dec 20131978,10191.824.35$53,364
Nov 201307,27688.853.74$27,200
Oct 20131107,59597.423.78$39,420
Sep 2013011,725104.113.72$43,591
Aug 201308,107104.253.52$28,558
Jul 201319410,640102.523.72$59,446
Jun 2013011,65294.403.93$45,832
May 2013011,44494.834.15$47,482
Apr 201307,13293.964.28$30,543
Mar 20132547,04093.623.91$51,326
Feb 201309,26491.233.42$31,682
Jan 2013010,30691.603.42$35,246
Dec 201218010,23386.773.42$50,617
Nov 2012010,45886.953.62$37,910
Oct 20128310,51289.383.40$43,156
Sep 20128910,15894.672.92$38,071
Aug 2012010,72192.662.91$31,178
Jul 2012011,07085.133.02$33,440
Jun 20121189,96279.822.52$34,513
May 2012010,85191.612.49$27,001
Apr 201219411,057101.652.00$41,799
Mar 2012011,200105.052.22$24,887
Feb 201219410,684101.102.57$47,074
Jan 2012011,67398.092.73$31,915
Dec 2011011,15196.873.24$36,126
Nov 201119111,53995.723.31$56,491
Oct 2011010,63284.983.65$38,791
Sep 201109,74583.623.99$38,842
Aug 201118410,22183.404.15$57,756
Jul 2011010,81194.144.52$48,836
Jun 201119310,67392.904.64$67,451
May 2011011,02298.134.40$48,550
Apr 2011010,870105.964.33$47,103
Mar 2011010,30796.364.06$41,819
Feb 20111889,82985.644.18$57,185
Jan 2011011,86086.504.59$54,423
Dec 2010012,16785.734.35$52,899
Nov 20104712,13580.843.80$49,856
Oct 2010011,61478.103.51$40,752
Sep 2010011,83372.633.98$47,089
Aug 201019111,97173.684.42$66,977
Jul 2010011,88572.554.74$56,293
Jun 2010012,45970.364.91$61,179
May 2010012,07071.124.24$51,119
Apr 201008,86181.694.12$36,531
Mar 201018913,11978.394.39$72,391
Feb 2010010,98973.585.44$59,806
Jan 2010013,08974.365.96$78,064
Dec 20099812,89171.445.48$77,692
Nov 2009013,61574.593.75$51,077
Oct 200910014,18472.544.11$65,554
Sep 200908,51665.543.06$26,099
Aug 200904,16567.423.22$13,405
Jul 200908,04861.133.46$27,882
Jun 20098810,72066.163.90$47,576
May 2009910,60154.743.93$42,110
Apr 200911013,47746.773.59$53,493
Mar 2009613,93342.144.06$56,807
Feb 200910313,05532.814.63$63,863
Jan 2009713,56535.865.37$73,109
Dec 200812513,12737.105.98$83,099
Nov 2008014,47055.496.86$99,269
Oct 200816713,88175.246.92$108,649
Sep 2008010,221101.767.88$80,512
Aug 2008414,017114.228.48$119,363
Jul 200814616,369131.0811.39$205,571
Jun 2008212,888131.3313.03$168,227
May 2008712,888123.1711.57$150,032
Apr 200810913,085110.3110.45$148,826
Mar 2008213,676101.909.66$132,370
Feb 200815012,05492.538.77$119,600
Jan 20085314,82890.388.21$126,465
Dec 2007113,42888.337.30$98,139
Nov 200720011,20891.677.29$100,059
Oct 200716,42982.856.92$44,584
Sep 200718,60075.846.24$53,776
Aug 200706,88269.066.39$43,962
Jul 200703,71470.906.39$23,725
Jun 200703,20962.007.55$24,223
May 2007708,78158.747.85$73,010
Apr 200708,50159.617.81$66,352
Mar 200712013,25156.927.30$103,589
Feb 200710713,30455.108.22$115,201
Jan 2007214,88850.306.73$100,250
Dec 200612014,03056.656.92$103,864
Nov 200613813,53654.207.62$110,590
Oct 2006015,63154.906.01$94,002
Sep 200612715,19260.085.04$84,155
Aug 200610214,36968.717.34$112,476
Jul 2006014,96469.376.34$94,913
Jun 200611815,86266.286.38$109,082
May 2006315,61366.016.42$100,512
Apr 2006215,32764.397.36$112,943
Mar 20066815,66756.707.08$114,824
Feb 20061314,61457.597.75$114,024
Jan 2006017,07060.598.93$152,492
Dec 2005416,23954.9413.42$218,072
Nov 2005317,50254.6910.59$185,482
Oct 2005618,81158.3413.80$259,862
Sep 2005016,15961.4512.08$195,185
Aug 2005019,64361.519.80$192,439
Jul 200519319,65455.697.84$164,907
Jun 200520018,92352.337.38$150,137
May 2005619,70845.226.65$131,352
Apr 2005319,04349.207.36$140,313
Mar 200520320,54050.377.15$157,186
Feb 2005219,34345.226.31$122,182
Jan 200520322,05743.166.32$148,210
Dec 2004022,78339.866.75$153,810
Nov 200419721,61245.286.33$145,733
Oct 2004622,88349.706.52$149,383
Sep 200419622,90443.245.28$129,497
Aug 2004024,58042.375.55$136,435
Jul 200418923,09338.286.08$147,737
Jun 2004022,63036.106.43$145,579
May 200417722,11937.486.49$150,288
Apr 200419422,54334.475.86$138,754
Mar 2004023,86334.365.53$131,966
Feb 200419722,57032.455.51$130,745
Jan 200416825,13832.036.30$163,741
Dec 2003025,74130.266.30$162,211
Nov 200319223,53928.804.60$113,695
Oct 200318725,77228.174.76$127,933
Sep 2003022,15026.314.75$105,198
Aug 200320019,22129.765.13$104,550
Jul 200309,67329.415.17$50,018
Jun 200319222,25028.565.98$138,604
May 200319324,34326.595.97$150,525
Apr 2003029,90826.675.41$161,721
Mar 200317930,82631.146.10$193,491
Feb 200318429,55933.487.93$240,441
Jan 200318432,06430.315.58$184,560
Dec 200218232,55126.914.85$162,892
Nov 2002033,09324.664.14$136,904
Oct 200218535,68526.464.23$155,811
Sep 200218237,23227.443.64$140,340
Aug 200218142,23425.963.16$138,334
Jul 200218236,87524.583.06$117,376
Jun 200217840,79523.733.34$140,407
May 2002044,55924.663.58$159,699
Apr 200218543,06623.653.51$155,637
Mar 200218247,14822.003.10$150,291
Feb 200218542,10018.222.38$103,387
Jan 200218148,58117.172.38$118,521
Dec 200117844,15416.932.36$107,411
Nov 200118037,74218.072.41$94,042
Oct 200118240,11119.782.53$105,036
Sep 200118138,23424.262.25$90,468
Aug 200135340,62224.873.05$132,805
Jul 200116745,54923.933.20$149,620
Jun 200117941,86124.563.82$164,479
May 200117346,38725.524.31$204,219
Apr 200118242,74724.685.34$232,561
Mar 200135445,42424.545.38$252,907
Feb 200118140,82827.755.77$240,481
Jan 200118536,00427.478.40$307,471
Dec 200033541,28426.889.12$385,618
Nov 200018115,51032.215.66$93,586
Oct 200018135,89631.235.15$190,356
Sep 200018048,86931.875.19$259,196
Aug 200036556,54729.644.54$267,584
Jul 200035461,36828.534.09$261,079
Jun 200035758,07629.304.40$265,835
May 200034759,04927.263.68$226,745
Apr 200036063,04224.513.12$205,262
Mar 200054260,78428.422.86$189,231
Feb 200035564,51327.622.73$185,700
Jan 200055070,16425.272.48$187,940
Dec 199953672,43924.282.42$188,586
Nov 199935872,19623.192.43$184,026
Oct 199953776,46320.982.80$225,646
Sep 199934577,93421.752.62$211,601
Aug 199951686,91619.262.88$259,874
Jul 1999532100,74617.892.37$248,524
Jun 199916942,23015.942.36$102,445
May 199935049,74015.792.32$120,974
Apr 199935168,87915.102.21$157,388
Mar 199953271,92112.471.84$138,849
Feb 199935369,5769.981.82$129,998
Jan 199952593,78710.381.90$183,640
Dec 1998526105,8619.201.77$192,565
Nov 1998525106,89310.892.19$239,355
Oct 1998851116,82812.421.97$240,628
Sep 1998895127,47912.592.08$276,758
Aug 19981,058141,67911.301.91$282,187
Jul 1998892158,38611.742.24$364,824
Jun 19981,084175,90311.242.24$405,727
May 19981,238190,70712.622.21$436,388
Apr 19981,449193,10413.042.51$502,684
Mar 19981,621213,86112.802.31$514,648
Feb 19981,994213,65413.952.30$519,035
Jan 19981,826246,83214.702.15$558,713
Dec 19972,307267,74516.322.41$683,210
Nov 19971,993273,12818.193.09$879,743
Oct 19972,144282,15919.253.15$930,022
Sep 19971,776248,31017.742.95$765,232

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                2,290 Mcf  × $  3.05 =     $6,975

────────────────────────────────────────────────────
Month total                                   $6,975

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/166509 is the state's own key, not one this site invented.