CITATION UNIT

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 168242District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$29.4 M
Sep 1997 – May 2026
Value, last 12 filed months
$5 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 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 Gas111998-08-05137927
NGPA2none

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
CondensateDisposition261,811 bbl$10,832,839
GasProduction4,600,485 Mcf$18,556,142
Total$29,388,981

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 29.8588, -96.7428. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.85876, -96.74279 · 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
13,211 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 13,211 ft.

Completions filed
Sep 1997
1 of 1 wells

1 well

42-14933058113,211 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 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 2025041062.743.08$1,262
Aug 2025045863.933.01$1,381
Jul 2025040766.743.32$1,349
Jun 2025048066.483.13$1,502
May 2025049660.553.23$1,603
Apr 2025242562.363.54$1,631
Mar 2025041667.704.27$1,776
Feb 2025044870.884.34$1,945
Jan 2025385774.324.28$3,890
Dec 2024012268.993.12$381
Nov 2024184069.052.20$12,705
Oct 2024016071.372.28$365
Sep 2024068469.612.36$1,617
Aug 2024041675.632.06$858
Jul 202418795879.932.15$17,003
Jun 2024076178.082.63$2,004
May 202401,35378.812.20$2,974
Apr 20240084.451.66$0
Mar 202419138480.301.55$15,931
Feb 202401,10876.091.78$1,976
Jan 202401,13173.023.30$3,730
Dec 202301,46971.262.61$3,835
Nov 20231931,64277.892.81$19,643
Oct 202301,35685.443.09$4,186
Sep 202301,68889.042.74$4,617
Aug 20231751,65680.522.67$18,517
Jul 202301,76074.852.64$4,650
Jun 20231681,80068.962.26$15,651
May 2023073070.622.23$1,626
Apr 20231931,25478.122.24$17,883
Mar 202301,16372.852.39$2,783
Feb 202301,21075.112.47$2,983
Jan 20231951,58576.533.39$20,293
Dec 202201,29376.415.73$7,408
Nov 202201,80985.005.65$10,214
Oct 20221841,98387.185.86$27,669
Sep 202201,92884.888.16$15,740
Aug 20221941,75394.529.13$34,337
Jul 202202,072101.587.54$15,627
Jun 2022175968115.097.98$27,863
May 20220808109.378.43$6,814
Apr 20221982,036104.226.84$34,557
Mar 20221554108.885.08$2,921
Feb 202211,70891.054.86$8,390
Jan 20221951,89681.844.54$24,562
Dec 202101,98271.323.90$7,728
Nov 20211911,80377.435.24$24,231
Oct 202101,98379.795.71$11,331
Sep 20211912,08269.865.35$24,484
Aug 20211892,48566.024.22$22,966
Jul 202102,25070.783.98$8,960
Jun 2021043269.493.38$1,460
May 20210063.483.02$0
Apr 202104460.362.76$121
Mar 202118943861.302.72$12,776
Feb 202101,18757.805.55$6,585
Jan 202101,22450.412.81$3,440
Dec 202001,46844.642.68$3,928
Nov 20203755,83638.772.71$30,334
Oct 20201793,35736.972.48$14,938
Sep 20203716,11937.091.99$25,944
Aug 20203766,86039.982.39$31,394
Jul 20203696,54238.371.83$26,098
Jun 20203647,12234.901.69$24,742
May 20204307,80416.921.81$21,438
Apr 20205347,85814.751.80$22,055
Mar 20205438,73630.341.86$32,691
Feb 20205199,80949.881.98$45,316
Jan 202091811,26057.252.09$76,142
Dec 201958510,75159.012.30$59,295
Nov 20195396,79555.302.75$48,498
Oct 201902,21253.472.42$5,350
Sep 20193333,76855.052.66$28,344
Aug 20191823,72653.112.30$18,252
Jul 20191764,95956.272.46$22,103
Jun 20191836,09852.782.49$24,850
May 20195346,89958.482.74$50,134
Apr 20193667,72062.632.75$44,158
Mar 20195268,63356.803.06$56,312
Feb 20195387,94750.852.79$49,547
Jan 20195569,13346.033.23$55,076
Dec 20187519,44146.594.19$74,504
Nov 201839110,74352.934.24$66,216
Oct 20185367,18061.443.40$57,330
Sep 20183757,29559.543.11$45,000
Aug 20185358,32659.403.07$57,311
Jul 20185329,24565.142.93$61,760
Jun 20185009,17460.183.08$58,318
May 20185489,45565.382.90$63,255
Apr 20185619,26163.842.90$62,679
Mar 20185469,87361.222.79$60,941
Feb 20183919,36461.782.77$50,058
Jan 201858311,04762.874.01$80,944
Dec 20175789,50757.272.92$60,877
Nov 20175737,29055.423.12$54,489
Oct 20173836,65349.292.98$38,728
Sep 20173806,76647.523.09$38,946
Aug 20175687,26845.373.00$47,606
Jul 20173777,55543.873.09$39,863
Jun 20175727,77142.493.09$48,296
May 20173858,12245.373.26$43,973
Apr 20175657,80147.933.21$52,134
Mar 20175628,09846.772.98$50,447
Feb 20173821,28850.452.95$23,075
Jan 20173917,62849.413.42$45,398
Dec 20165664,16148.763.72$43,089
Nov 20163854,05442.492.64$27,079
Oct 20165597,62746.193.09$49,390
Sep 20163728,00541.553.10$40,277
Aug 20165658,29641.442.92$47,674
Jul 20165668,60341.622.92$48,715
Jun 20163798,72645.352.69$40,624
May 20165629,04242.521.99$41,899
Apr 20165518,73336.561.99$37,532
Mar 20163828,74633.011.79$28,300
Feb 20165788,46726.472.06$32,772
Jan 20165719,02427.352.36$36,953
Dec 20155748,91032.362.00$36,407
Nov 20155698,70038.792.17$40,927
Oct 20153828,66543.552.43$37,662
Sep 20155608,76342.992.76$48,246
Aug 20155559,07240.162.87$48,348
Jul 20153779,14748.152.95$45,091
Jun 20155538,72956.152.88$56,215
May 20155699,09455.212.96$58,291
Apr 20155688,89549.822.71$52,373
Mar 20155689,28742.892.93$51,616
Feb 20155778,38844.662.98$50,733
Jan 20155789,29843.433.10$53,932
Dec 20145819,38454.693.59$65,476
Nov 20145759,38070.464.25$80,397
Oct 20145788,94978.303.90$80,167
Sep 20143819,69586.164.05$72,048
Aug 20145729,58789.394.04$89,816
Jul 20145729,79596.564.18$96,172
Jun 20145749,50298.164.74$101,354
May 201457510,11194.734.73$102,260
Apr 20141964,40595.944.81$39,988
Mar 201458510,85695.895.06$110,992
Feb 20145889,59597.406.19$116,683
Jan 20145628,27490.404.86$91,022
Dec 20133745,91391.824.35$60,089
Nov 20133768,44188.853.74$64,962
Oct 201357710,82897.423.78$97,134
Sep 201357610,077104.113.72$97,431
Aug 20133829,709104.253.52$74,025
Jul 20135639,560102.523.72$93,260
Jun 20135289,07494.403.93$85,535
May 20133908,23194.834.15$71,135
Apr 201358010,10893.964.28$97,785
Mar 20133777,51293.623.91$64,688
Feb 20135808,56591.233.42$82,205
Jan 20135909,62291.603.42$86,950
Dec 201258010,24886.773.42$85,376
Nov 201255610,52686.953.62$86,501
Oct 201257411,62789.383.40$90,832
Sep 201275311,93494.672.92$106,115
Aug 201255713,08392.662.91$89,659
Jul 201276617,54985.133.02$118,222
Jun 20123846,76279.822.52$47,685
May 20125808,73691.612.49$74,872
Apr 20125738,912101.652.00$76,041
Mar 20125519,632105.052.22$79,286
Feb 20125538,493101.102.57$77,737
Jan 201258010,10798.092.73$84,526
Dec 20117809,54696.873.24$106,485
Nov 20115849,81695.723.31$88,404
Oct 201155410,18684.983.65$84,243
Sep 201157610,04583.623.99$88,202
Aug 201157610,26483.404.15$90,627
Jul 201157310,50894.144.52$101,409
Jun 201156210,48392.904.64$100,850
May 201177310,88998.134.40$123,819
Apr 201157010,455105.964.33$105,702
Mar 201177310,42396.364.06$116,776
Feb 20113927,93885.644.18$66,752
Jan 201178610,20186.504.59$114,799
Dec 201058710,22185.734.35$94,762
Nov 201058410,62780.843.80$87,544
Oct 201058011,61278.103.51$86,043
Sep 201076911,91772.633.98$103,276
Aug 201076612,75973.684.42$112,825
Jul 201057513,17472.554.74$104,115
Jun 20103829,23770.364.91$72,235
May 201077013,52871.124.24$112,056
Apr 201056714,40081.694.12$105,685
Mar 201077915,41678.394.39$128,722
Feb 201078615,26673.585.44$140,917
Jan 201058914,30674.365.96$129,120
Dec 200978113,99671.445.48$132,545
Nov 200977714,60074.593.75$112,728
Oct 200957815,96472.544.11$107,544
Sep 200994116,25365.543.06$111,485
Aug 200976519,17667.423.22$113,294
Jul 200976615,51261.133.46$100,567
Jun 200975816,55766.163.90$114,639
May 200977317,87754.743.93$112,495
Apr 200997720,44346.773.59$119,034
Mar 200998220,32442.144.06$123,877
Feb 20091983,97932.814.63$24,931
Jan 20095969,53535.865.37$72,585
Dec 200859211,37037.105.98$89,923
Nov 200858910,79655.496.86$106,748
Oct 200877412,59275.246.92$145,397
Sep 200857310,191101.767.88$138,584
Aug 200877312,966114.228.48$198,283
Jul 200877114,458131.0811.39$265,731
Jun 200877515,566131.3313.03$304,647
May 200897020,710123.1711.57$359,178
Apr 200858410,290110.3110.45$172,002
Mar 20085868,219101.909.66$139,142
Feb 20083927,83292.538.77$104,963
Jan 20087898,72590.388.21$142,905
Dec 20075879,57888.337.30$121,788
Nov 20075889,55591.677.29$123,574
Oct 200758010,99782.856.92$124,174
Sep 200758010,60775.846.24$110,219
Aug 200776612,25569.066.39$131,184
Jul 200778113,24870.906.39$140,000
Jun 200757112,57562.007.55$130,324
May 200777613,61758.747.85$152,425
Apr 200798112,93159.617.81$159,406
Mar 200798814,29456.927.30$160,611
Feb 200780313,70555.108.22$156,846
Jan 200778016,11150.306.73$147,610
Dec 200675816,82356.656.92$159,330
Nov 200676210,97954.207.62$124,933
Oct 200657811,21854.906.01$99,195
Sep 200673911,38560.085.04$101,748
Aug 200655612,11468.717.34$127,119
Jul 200674111,65569.376.34$125,328
Jun 200674311,71366.286.38$124,020
May 200655013,07966.016.42$120,338
Apr 200692312,86764.397.36$154,139
Mar 200691513,61256.707.08$148,293
Feb 200670812,34157.597.75$136,430
Jan 200674513,88460.598.93$169,170
Dec 200593213,80954.9413.42$236,457
Nov 200573613,85654.6910.59$186,965
Oct 200589814,61058.3413.80$253,945
Sep 200565211,69561.4512.08$181,329
Aug 200568714,12561.519.80$180,638
Jul 200589314,59455.697.84$164,201
Jun 200572312,06052.337.38$126,850
May 200590212,93045.226.65$126,788
Apr 200571213,88149.207.36$137,201
Mar 200591816,55250.377.15$164,667
Feb 20051,08014,27145.226.31$138,915
Jan 200590717,59043.166.32$150,354
Dec 200492318,91539.866.75$164,487
Nov 200484912,61745.286.33$118,314
Oct 200470415,08449.706.52$133,263
Sep 200471414,92943.245.28$109,757
Aug 200491415,52642.375.55$124,906
Jul 200473516,00238.286.08$125,495
Jun 200492716,25736.106.43$138,046
May 200491117,88537.486.49$150,300
Apr 200472412,31334.475.86$97,092
Mar 200490612,35934.365.53$99,477
Feb 200472910,61132.455.51$82,119
Jan 200472612,99432.036.30$105,111
Dec 200337311,61930.266.30$84,506
Nov 200373411,70728.804.60$74,935
Oct 200374213,71728.174.76$86,190
Sep 200372714,16526.314.75$86,402
Aug 200354614,27529.765.13$89,476
Jul 200374914,55929.415.17$97,310
Jun 200354215,45228.565.98$107,928
May 200371716,23826.595.97$116,049
Apr 200374516,67226.675.41$110,019
Mar 200374819,09031.146.10$139,666
Feb 200374411,97633.487.93$119,829
Jan 20035677,30830.315.58$57,979
Dec 20021,10218,82126.914.85$121,007
Nov 200272719,83024.664.14$99,964
Oct 200253314,97626.464.23$77,438
Sep 200271311,88827.443.64$62,780
Aug 200271316,31325.963.16$70,126
Jul 200289521,99924.583.06$89,355
Jun 200235711,28223.733.34$46,134
May 200272316,96424.663.58$78,628
Apr 200290519,57623.653.51$90,160
Mar 200272413,89922.003.10$59,053
Feb 200273314,30918.222.38$47,349
Jan 20021,09921,34617.172.38$69,581
Dec 200172313,41916.932.36$43,968
Nov 200190119,33118.072.41$62,782
Oct 200189919,21719.782.53$66,380
Sep 200189421,19324.262.25$69,401
Aug 20011,22120,64124.873.05$93,387
Jul 200168022,77523.933.20$89,086
Jun 20011,08023,46624.563.82$116,263
May 20011,28026,89625.524.31$148,515
Apr 20011,10025,76124.685.34$164,591
Mar 20011,79721,48324.545.38$159,600
Feb 20011,09822,05127.755.77$157,639
Jan 20011,46321,89527.478.40$224,079
Dec 20001,46120,16026.889.12$223,181
Nov 20001,10121,31132.215.66$156,041
Oct 20001,27717,15531.235.15$128,152
Sep 20001,26423,04031.875.19$159,781
Aug 20001,83928,17829.644.54$182,457
Jul 20001,06819,55328.534.09$110,437
Jun 20001,60826,54929.304.40$163,857
May 200089216,45327.263.68$84,859
Apr 20001,43823,51124.513.12$108,506
Mar 20001,26423,46428.422.86$103,024
Feb 20002,02530,63427.622.73$139,454
Jan 200073312,38925.272.48$49,254
Dec 19991,09716,31324.282.42$66,173
Nov 199990021,49923.192.43$73,199
Oct 19991,46524,29020.982.80$98,838
Sep 19991,60924,85921.752.62$100,098
Aug 19991,60527,23219.262.88$109,221
Jul 19991,78828,77417.892.37$100,250
Jun 19991,79731,79815.942.36$103,754
May 19992,15533,74415.792.32$112,348
Apr 19991,78733,34815.102.21$100,618
Mar 19991,99635,94612.471.84$90,971
Feb 19992,00034,5589.981.82$82,779
Jan 19992,57639,75210.381.90$102,266
Dec 19982,76444,5469.201.77$104,423
Nov 19982,72640,61210.892.19$118,453
Oct 19982,70744,68012.421.97$121,605
Sep 19982,68645,28612.592.08$128,130
Aug 19983,24850,74211.301.91$133,485
Jul 19983,20852,86811.742.24$155,942
Jun 19983,04054,53811.242.24$156,186
May 19983,78862,05612.622.21$184,721
Apr 19984,14367,22213.042.51$222,438
Mar 19984,68178,85412.802.31$242,025
Feb 19984,33877,32613.952.30$238,298
Jan 19986,124102,97214.702.15$311,906
Dec 19977,088120,83016.322.41$407,009
Nov 19978,899133,40618.193.09$573,865
Oct 19979,373169,89019.253.15$715,553
Sep 19970017.742.95$0

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.

Sep 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 62.74 =         $0
Gas                  410 Mcf  × $  3.08 =     $1,262

────────────────────────────────────────────────────
Month total                                   $1,262

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/168242 is the state's own key, not one this site invented.