LAST CHANCE

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 168633District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.5 M
Mar 1998 – Sep 2025
Value, last 12 filed months
$11 k
at the published price for each month
Months reported
331
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 Gas111998-08-07139026
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
CondensateDisposition6,699 bbl$133,897
GasProduction2,599,664 Mcf$11,335,629
Total$11,469,526

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 30.3766, -96.3384. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.37662, -96.33840 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
12,161 ft
1 wells filed one
Completion to plug
26.3 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 12,161 ft.

Completions filed
Aug 1998
1 of 1 wells
Plug dates filed
Nov 2024
1 of 1 wells

Last completion to plug: a median of 26.3 years across the 1 well that filed both dates, with the middle half between 26.3 years and 26.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-05133568112,161 ftAug 1998Nov 2024Yes

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 (331)

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

331 months

Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 2025125067.704.27$8,463
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 202409569.052.20$209
Oct 2024090771.372.28$2,069
Sep 2024092569.612.36$2,187
Aug 202401,08275.632.06$2,233
Jul 2024099479.932.15$2,134
Jun 2024072778.082.63$1,915
May 2024073378.812.20$1,611
Apr 2024061284.451.66$1,015
Mar 2024040580.301.55$626
Feb 2024031576.091.78$562
Jan 2024034173.023.30$1,125
Dec 2023035771.262.61$932
Nov 2023033177.892.81$929
Oct 2023075185.443.09$2,319
Sep 2023068589.042.74$1,874
Aug 2023173880.522.67$2,053
Jul 202341,27274.852.64$3,660
Jun 2023251,28368.962.26$4,622
May 202301,09070.622.23$2,428
Apr 202301,42378.122.24$3,184
Mar 202301,15972.852.39$2,774
Feb 20232580875.112.47$3,870
Jan 2023091476.533.39$3,096
Dec 2022250976.415.73$3,069
Nov 2022069385.005.65$3,913
Oct 2022072987.185.86$4,275
Sep 202201584.888.16$122
Aug 202201394.529.13$119
Jul 202201101.587.54$8
Jun 2022023115.097.98$183
May 20220305109.378.43$2,572
Apr 20220817104.226.84$5,586
Mar 20220634108.885.08$3,218
Feb 2022022391.054.86$1,084
Jan 2022051881.844.54$2,351
Dec 2021079871.323.90$3,112
Nov 2021051877.435.24$2,713
Oct 2021086779.795.71$4,954
Sep 2021090969.865.35$4,864
Aug 2021095666.024.22$4,035
Jul 2021096270.783.98$3,831
Jun 2021094769.493.38$3,201
May 202101,00863.483.02$3,042
Apr 2021079860.362.76$2,201
Mar 202101,28761.302.72$3,497
Feb 2021051157.805.55$2,835
Jan 202101,09050.412.81$3,063
Dec 202001,16844.642.68$3,125
Nov 202001,15638.772.71$3,129
Oct 202001,09836.972.48$2,721
Sep 202001,21537.091.99$2,419
Aug 202001,39839.982.39$3,334
Jul 202001,24338.371.83$2,269
Jun 202001,52134.901.69$2,571
May 202001,64016.921.81$2,976
Apr 202001,73314.751.80$3,127
Mar 202001,89430.341.86$3,516
Feb 202001,62849.881.98$3,225
Jan 202001,72257.252.09$3,607
Dec 201901,64159.012.30$3,781
Nov 201901,52355.302.75$4,189
Oct 201901,74253.472.42$4,213
Sep 201901,83655.052.66$4,879
Aug 201901,93653.112.30$4,461
Jul 201901,94256.272.46$4,777
Jun 201901,76052.782.49$4,385
May 201902,06458.482.74$5,656
Apr 201902,05962.632.75$5,664
Mar 201902,15556.803.06$6,599
Feb 201901,83750.852.79$5,129
Jan 201901,99846.033.23$6,450
Dec 201802,18246.594.19$9,133
Nov 201802,07052.934.24$8,771
Oct 201802,25661.443.40$7,666
Sep 201802,15259.543.11$6,688
Aug 2018422,18359.403.07$9,189
Jul 201802,15765.142.93$6,324
Jun 201801,98960.183.08$6,120
May 201802,00065.382.90$5,802
Apr 201802,04563.842.90$5,932
Mar 201802,27161.222.79$6,329
Feb 201802,24761.782.77$6,215
Jan 201802,48462.874.01$9,959
Dec 201722,45657.272.92$7,290
Nov 201702,36055.423.12$7,359
Oct 201702,63849.292.98$7,871
Sep 201702,46947.523.09$7,622
Aug 201702,35745.373.00$7,081
Jul 201702,29443.873.09$7,082
Jun 201702,30442.493.09$7,113
May 201702,34945.373.26$7,666
Apr 201701,85747.933.21$5,964
Mar 201702,57146.772.98$7,671
Feb 201702,44250.452.95$7,210
Jan 201702,67149.413.42$9,132
Dec 201602,65448.763.72$9,880
Nov 201602,60442.492.64$6,886
Oct 201602,62346.193.09$8,106
Sep 201602,54441.553.10$7,888
Aug 201602,68041.442.92$7,837
Jul 201602,80541.622.92$8,203
Jun 201602,74845.352.69$7,381
May 201602,96742.521.99$5,907
Apr 201602,86036.561.99$5,694
Mar 201602,96333.011.79$5,316
Feb 201602,68326.472.06$5,537
Jan 201602,85227.352.36$6,743
Dec 201502,60032.362.00$5,204
Nov 201503,00238.792.17$6,506
Oct 201503,31143.552.43$8,034
Sep 201502,88442.992.76$7,955
Aug 201503,44540.162.87$9,896
Jul 201502,98948.152.95$8,803
Jun 201503,17656.152.88$9,156
May 201503,32255.212.96$9,818
Apr 201503,29549.822.71$8,918
Mar 201503,36542.892.93$9,875
Feb 201503,19344.662.98$9,503
Jan 201503,66543.433.10$11,364
Dec 201403,70654.693.59$13,310
Nov 201403,76070.464.25$15,987
Oct 201404,46978.303.90$17,433
Sep 201404,48286.164.05$18,132
Aug 201404,80389.394.04$19,381
Jul 201404,92396.564.18$20,576
Jun 201405,10998.164.74$24,201
May 201405,51994.734.73$26,086
Apr 201405,44795.944.81$26,195
Mar 201405,70495.895.06$28,844
Feb 201405,12097.406.19$31,703
Jan 201405,66090.404.86$27,512
Dec 201305,56991.824.35$24,250
Nov 201305,13788.853.74$19,204
Oct 201305,35997.423.78$20,254
Sep 201305,452104.113.72$20,269
Aug 201305,729104.253.52$20,181
Jul 201305,957102.523.72$22,147
Jun 201305,86994.403.93$23,085
May 201306,41094.834.15$26,596
Apr 201306,62093.964.28$28,351
Mar 201307,94293.623.91$31,076
Feb 201307,86591.233.42$26,898
Jan 201307,66591.603.42$26,214
Dec 201208,47186.773.42$28,972
Nov 201208,39086.953.62$30,413
Oct 201208,54389.383.40$29,043
Sep 201208,37594.672.92$24,442
Aug 201208,62392.662.91$25,077
Jul 201208,57385.133.02$25,897
Jun 201208,48979.822.52$21,384
May 201208,61791.612.49$21,442
Apr 201208,111101.652.00$16,196
Mar 201209,445105.052.22$20,988
Feb 201208,959101.102.57$23,027
Jan 201209,42098.092.73$25,755
Dec 201109,41196.873.24$30,489
Nov 201109,11595.723.31$30,182
Oct 201109,04184.983.65$32,986
Sep 201108,48783.623.99$33,827
Aug 201108,50983.404.15$35,307
Jul 201108,18094.144.52$36,951
Jun 201107,54492.904.64$35,003
May 201107,49998.134.40$33,032
Apr 201107,091105.964.33$30,727
Mar 201107,17496.364.06$29,107
Feb 201106,65785.644.18$27,826
Jan 201106,38686.504.59$29,304
Dec 201006,27585.734.35$27,282
Nov 201005,67480.843.80$21,535
Oct 201005,45878.103.51$19,152
Sep 201005,73272.633.98$22,810
Aug 201006,40273.684.42$28,293
Jul 201006,20472.554.74$29,385
Jun 201006,23570.364.91$30,616
May 201006,28471.124.24$26,614
Apr 201005,75181.694.12$23,710
Mar 201005,92578.394.39$26,003
Feb 201005,41873.585.44$29,487
Jan 201006,36874.365.96$37,979
Dec 200906,61071.445.48$36,248
Nov 200907,01674.593.75$26,321
Oct 200908,23472.544.11$33,844
Sep 200908,24965.543.06$25,281
Aug 200908,03967.423.22$25,874
Jul 200906,96961.133.46$24,144
Jun 200906,96666.163.90$27,133
May 200907,31654.743.93$28,721
Apr 200908,03746.773.59$28,833
Mar 2009010,20842.144.06$41,434
Feb 2009010,26232.814.63$47,544
Jan 2009011,20335.865.37$60,171
Dec 2008012,26837.105.98$73,328
Nov 2008012,74955.496.86$87,463
Oct 2008013,03975.246.92$90,256
Sep 2008011,144101.767.88$87,782
Aug 200813912,150114.228.48$118,945
Jul 2008010,540131.0811.39$120,045
Jun 2008010,371131.3313.03$135,161
May 2008011,871123.1711.57$137,398
Apr 2008011,582110.3110.45$121,088
Mar 2008010,915101.909.66$105,483
Feb 200809,70792.538.77$85,136
Jan 2008010,42890.388.21$85,569
Dec 2007010,67888.337.30$77,970
Nov 200709,26691.677.29$67,565
Oct 200708,55282.856.92$59,197
Sep 200708,32075.846.24$51,951
Aug 2007209,73769.066.39$63,581
Jul 200709,58670.906.39$61,235
Jun 200709,23262.007.55$69,687
May 200769,16558.747.85$72,264
Apr 200718,09959.617.81$63,274
Mar 200708,38756.927.30$61,242
Feb 200707,47655.108.22$61,423
Jan 200728,12750.306.73$54,770
Dec 200628,28856.656.92$57,453
Nov 200638,17654.207.62$62,443
Oct 200607,69554.906.01$46,276
Sep 200647,38460.085.04$37,435
Aug 200607,42068.717.34$54,462
Jul 200667,41569.376.34$47,448
Jun 200657,42566.286.38$47,732
May 200637,19366.016.42$46,413
Apr 200626,58764.397.36$48,612
Mar 200627,26256.707.08$51,550
Feb 200686,07957.597.75$47,580
Jan 2006106,68160.598.93$60,289
Dec 2005176,23054.9413.42$84,512
Nov 2005176,26854.6910.59$67,298
Oct 2005216,34158.3413.80$88,704
Sep 200586,31361.4512.08$76,746
Aug 2005116,94061.519.80$68,667
Jul 200557,04155.697.84$55,506
Jun 200556,54852.337.38$48,593
May 200555,17845.226.65$34,666
Apr 2005156,31349.207.36$47,205
Mar 2005158,94950.377.15$64,785
Feb 200587,71545.226.31$49,058
Jan 200582,39843.166.32$15,506
Dec 200477,45939.866.75$50,635
Nov 2004707,43045.286.33$50,205
Oct 200417,87349.706.52$51,343
Sep 200407,32043.245.28$38,678
Aug 200407,36442.375.55$40,875
Jul 200406,92338.286.08$42,121
Jun 200476,18736.106.43$40,054
May 200406,64837.486.49$43,176
Apr 2004156,12134.475.86$36,377
Mar 200420412,75434.365.53$77,541
Feb 2004410,39632.455.51$57,408
Jan 2004138,59732.036.30$54,574
Dec 200348,19930.266.30$51,788
Nov 2003316,08128.804.60$73,981
Oct 2003111,30028.174.76$53,812
Sep 2003113,78326.314.75$65,487
Aug 200309,71129.765.13$49,815
Jul 200329,87229.415.17$51,105
Jun 200319,79828.565.98$58,650
May 2003110,33626.595.97$61,760
Apr 2003510,10326.675.41$54,763
Mar 2003210,70131.146.10$65,296
Feb 200319,76933.487.93$77,461
Jan 2003111,52730.315.58$64,374
Dec 2002512,06226.914.85$58,681
Nov 2002012,10024.664.14$50,057
Oct 200214812,81126.464.23$58,095
Sep 2002012,86427.443.64$46,763
Aug 2002914,06025.963.16$44,722
Jul 2002014,34924.583.06$43,933
Jun 2002014,71823.733.34$49,132
May 2002015,52624.663.58$55,645
Apr 2002014,83123.653.51$52,091
Mar 2002015,82622.003.10$49,104
Feb 2002514,61318.222.38$34,807
Jan 2002017,52617.172.38$41,636
Dec 2001525,53916.932.36$60,469
Nov 2001025,85418.072.41$62,192
Oct 2001031,58319.782.53$79,870
Sep 2001030,05924.262.25$67,672
Aug 2001544,01224.873.05$134,500
Jul 2001030,66623.933.20$98,042
Jun 2001027,69624.563.82$105,914
May 2001519,45725.524.31$83,935
Apr 2001819,81024.685.34$105,890
Mar 2001021,01024.545.38$112,959
Feb 2001719,78727.755.77$114,307
Jan 2001822,72127.478.40$191,048
Dec 200014023,44626.889.12$217,649
Nov 2000723,12832.215.66$131,084
Oct 2000625,12131.235.15$129,447
Sep 2000624,74231.875.19$128,516
Aug 20001426,23529.644.54$119,542
Jul 2000826,82728.534.09$109,944
Jun 20001026,01229.304.40$114,674
May 2000027,04627.263.68$99,523
Apr 20001526,96624.513.12$84,394
Mar 2000028,79728.422.86$82,352
Feb 2000923,65427.622.73$64,741
Jan 20001330,12725.272.48$75,059
Dec 19992431,16824.282.42$76,125
Nov 19992231,07323.192.43$76,142
Oct 19992016,95920.982.80$47,968
Sep 1999015,92221.752.62$41,697
Aug 1999716,77719.262.88$48,379
Jul 1999917,68317.892.37$42,112
Jun 1999717,20415.942.36$40,749
May 199918817,16915.792.32$42,818
Apr 19991215,62315.102.21$34,678
Mar 19991815,14912.471.84$28,073
Feb 199920216,1369.981.82$31,348
Jan 199902,95310.381.90$5,611
Dec 199804,9399.201.77$8,758
Nov 19981876,43710.892.19$16,106
Oct 199818112,72612.421.97$27,308
Sep 1998823,51212.592.08$49,067
Aug 199836220,17611.301.91$42,573
Jul 199835111,42711.742.24$29,686
Jun 199871325,62411.242.24$65,342
May 199871034,17112.622.21$84,353
Apr 199889942,56913.042.51$118,372
Mar 19981,42965,96412.802.31$170,631

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.

Mar 2025 — as filed, then multipliedworked
Condensate           125 bbl  × $ 67.70 =     $8,463
Gas                    0 Mcf  × $  4.27 =         $0

────────────────────────────────────────────────────
Month total                                   $8,463

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/168633 is the state's own key, not one this site invented.