SALEM

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 173293District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.7 M
Jan 1999 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
329
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 Gas111999-08-12140427
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 bbl$345
GasProduction3,320,847 Mcf$10,736,055
Total$10,736,400

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 30.1400, -96.4180. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.13998, -96.41805 · 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
15,128 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 15,128 ft.

Completions filed
Jan 1999
1 of 1 wells

1 well

42-477308711H15,128 ftJan 1999

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 (329)

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

329 months

May 2026024106.413.05$73
Apr 20260098.932.87$0
Mar 2026027489.753.15$863
Feb 20260063.503.75$0
Jan 2026019159.138.00$1,528
Dec 202503556.664.41$154
Nov 202503158.593.93$122
Oct 2025039259.383.30$1,296
Sep 2025017662.743.08$542
Aug 2025054563.933.01$1,643
Jul 20250166.743.32$3
Jun 20250466.483.13$13
May 2025029860.553.23$963
Apr 202508862.363.54$312
Mar 2025047867.704.27$2,040
Feb 2025019470.884.34$842
Jan 2025036474.324.28$1,557
Dec 2024039068.993.12$1,217
Nov 20240169.052.20$2
Oct 202404371.372.28$98
Sep 2024030669.612.36$723
Aug 2024035975.632.06$741
Jul 2024022379.932.15$479
Jun 2024024278.082.63$637
May 202405178.812.20$112
Apr 2024031184.451.66$516
Mar 2024041480.301.55$640
Feb 2024018676.091.78$332
Jan 2024034773.023.30$1,144
Dec 2023032971.262.61$859
Nov 2023038477.892.81$1,078
Oct 2023029385.443.09$905
Sep 2023037989.042.74$1,037
Aug 2023046880.522.67$1,251
Jul 2023059974.852.64$1,582
Jun 2023026668.962.26$601
May 2023020270.622.23$450
Apr 2023045378.122.24$1,014
Mar 2023014772.852.39$352
Feb 2023050175.112.47$1,235
Jan 20230076.533.39$0
Dec 2022022576.415.73$1,289
Nov 2022022985.005.65$1,293
Oct 2022035987.185.86$2,105
Sep 202205684.888.16$457
Aug 2022020894.529.13$1,898
Jul 20220326101.587.54$2,459
Jun 20220414115.097.98$3,303
May 20220444109.378.43$3,744
Apr 20220401104.226.84$2,742
Mar 20220458108.885.08$2,325
Feb 2022028991.054.86$1,404
Jan 2022068381.844.54$3,099
Dec 202107071.323.90$273
Nov 2021038477.435.24$2,011
Oct 2021032879.795.71$1,874
Sep 2021027069.865.35$1,445
Aug 2021052666.024.22$2,220
Jul 2021041870.783.98$1,665
Jun 2021021369.493.38$720
May 2021043063.483.02$1,298
Apr 2021051860.362.76$1,429
Mar 2021049961.302.72$1,356
Feb 2021030457.805.55$1,687
Jan 2021045450.412.81$1,276
Dec 2020049744.642.68$1,330
Nov 2020052338.772.71$1,416
Oct 2020045436.972.48$1,125
Sep 2020055737.091.99$1,109
Aug 2020047039.982.39$1,121
Jul 2020027538.371.83$502
Jun 2020031134.901.69$526
May 2020031316.921.81$568
Apr 2020030614.751.80$552
Mar 2020031130.341.86$577
Feb 2020031749.881.98$628
Jan 2020032657.252.09$683
Dec 2019034059.012.30$783
Nov 2019042155.302.75$1,158
Oct 2019049353.472.42$1,192
Sep 2019046255.052.66$1,228
Aug 2019056053.112.30$1,290
Jul 2019063956.272.46$1,572
Jun 2019058752.782.49$1,462
May 2019061758.482.74$1,691
Apr 2019065462.632.75$1,799
Mar 2019057956.803.06$1,773
Feb 2019059950.852.79$1,673
Jan 2019065546.033.23$2,114
Dec 2018060046.594.19$2,511
Nov 2018065352.934.24$2,767
Oct 2018062461.443.40$2,120
Sep 2018061859.543.11$1,921
Aug 2018061359.403.07$1,880
Jul 2018061765.142.93$1,809
Jun 2018055460.183.08$1,705
May 2018059065.382.90$1,711
Apr 2018061863.842.90$1,793
Mar 2018057161.222.79$1,591
Feb 2018058861.782.77$1,626
Jan 2018069162.874.01$2,770
Dec 2017067757.272.92$1,978
Nov 2017066455.423.12$2,071
Oct 2017070949.292.98$2,115
Sep 2017070447.523.09$2,173
Aug 2017059145.373.00$1,776
Jul 2017068243.873.09$2,106
Jun 2017060342.493.09$1,862
May 2017068545.373.26$2,235
Apr 2017068247.933.21$2,190
Mar 201701,62046.772.98$4,834
Feb 201706,96150.452.95$20,553
Jan 2017052449.413.42$1,791
Dec 2016055648.763.72$2,070
Nov 2016058842.492.64$1,555
Oct 2016076446.193.09$2,361
Sep 2016070441.553.10$2,183
Aug 2016074841.442.92$2,187
Jul 2016080841.622.92$2,363
Jun 2016060945.352.69$1,636
May 2016069042.521.99$1,374
Apr 2016066136.561.99$1,316
Mar 2016072133.011.79$1,293
Feb 2016063226.472.06$1,304
Jan 2016062327.352.36$1,473
Dec 2015061932.362.00$1,239
Nov 2015078838.792.17$1,708
Oct 2015078343.552.43$1,900
Sep 2015080142.992.76$2,209
Aug 2015072040.162.87$2,068
Jul 2015069648.152.95$2,050
Jun 2015071556.152.88$2,061
May 2015067855.212.96$2,004
Apr 2015072349.822.71$1,957
Mar 2015075842.892.93$2,225
Feb 2015070444.662.98$2,095
Jan 201501,04843.433.10$3,249
Dec 2014074754.693.59$2,683
Nov 2014084170.464.25$3,576
Oct 2014089978.303.90$3,507
Sep 2014078386.164.05$3,168
Aug 2014087989.394.04$3,547
Jul 2014088296.564.18$3,686
Jun 2014078398.164.74$3,709
May 2014087094.734.73$4,112
Apr 2014088895.944.81$4,271
Mar 2014094895.895.06$4,794
Feb 2014084497.406.19$5,226
Jan 2014092190.404.86$4,477
Dec 2013095791.824.35$4,167
Nov 2013089888.853.74$3,357
Oct 2013096797.423.78$3,655
Sep 20130915104.113.72$3,402
Aug 20130982104.253.52$3,459
Jul 20130961102.523.72$3,573
Jun 2013087994.403.93$3,457
May 2013092094.834.15$3,817
Apr 2013099293.964.28$4,248
Mar 2013097593.623.91$3,815
Feb 2013088091.233.42$3,010
Jan 201301,02791.603.42$3,512
Dec 201201,00586.773.42$3,437
Nov 201201,05786.953.62$3,832
Oct 201201,15989.383.40$3,940
Sep 201201,07694.672.92$3,140
Aug 201201,10992.662.91$3,225
Jul 201201,08685.133.02$3,281
Jun 2012099279.822.52$2,499
May 201201,11991.612.49$2,784
Apr 201201,082101.652.00$2,161
Mar 201201,242105.052.22$2,760
Feb 201201,261101.102.57$3,241
Jan 201201,34898.092.73$3,686
Dec 201101,45596.873.24$4,714
Nov 201101,41995.723.31$4,699
Oct 201101,88284.983.65$6,867
Sep 201101,32683.623.99$5,285
Aug 201101,48483.404.15$6,158
Jul 201101,41094.144.52$6,369
Jun 201101,30492.904.64$6,050
May 201101,58198.134.40$6,964
Apr 201102,035105.964.33$8,818
Mar 201101,63996.364.06$6,650
Feb 201101,52085.644.18$6,354
Jan 201101,78686.504.59$8,196
Dec 201002,01685.734.35$8,765
Nov 201002,24680.843.80$8,524
Oct 201002,06378.103.51$7,239
Sep 201002,26872.633.98$9,025
Aug 201002,50773.684.42$11,079
Jul 201002,40472.554.74$11,387
Jun 201003,29170.364.91$16,160
May 201002,66171.124.24$11,270
Apr 201003,67381.694.12$15,143
Mar 201003,68078.394.39$16,150
Feb 201001,91173.585.44$10,400
Jan 201002,01374.365.96$12,006
Dec 200902,43171.445.48$13,331
Nov 200902,33274.593.75$8,749
Oct 200902,58672.544.11$10,629
Sep 200901,53265.543.06$4,695
Aug 200901,25167.423.22$4,026
Jul 200901,25761.133.46$4,355
Jun 200901,54666.163.90$6,022
May 200902,13954.743.93$8,397
Apr 200901,80646.773.59$6,479
Mar 200902,79842.144.06$11,357
Feb 200902,07932.814.63$9,632
Jan 200902,48135.865.37$13,325
Dec 200802,16437.105.98$12,935
Nov 200802,19255.496.86$15,038
Oct 200802,68575.246.92$18,586
Sep 200802,816101.767.88$22,182
Aug 200802,568114.228.48$21,784
Jul 200801,836131.0811.39$20,911
Jun 200802,571131.3313.03$33,507
May 200803,102123.1711.57$35,903
Apr 200802,875110.3110.45$30,058
Mar 200803,474101.909.66$33,573
Feb 200803,96092.538.77$34,732
Jan 200803,01190.388.21$24,707
Dec 200702,60588.337.30$19,022
Nov 200703,63491.677.29$26,498
Oct 200703,14582.856.92$21,770
Sep 200704,04075.846.24$25,226
Aug 200703,45669.066.39$22,077
Jul 200704,16670.906.39$26,612
Jun 200713,71262.007.55$28,082
May 200702,84658.747.85$22,331
Apr 200712,42359.617.81$18,972
Mar 200702,69856.927.30$19,701
Feb 200713,41955.108.22$28,146
Jan 200704,56650.306.73$30,715
Dec 200604,66356.656.92$32,261
Nov 200604,56954.207.62$34,804
Oct 200606,04554.906.01$36,353
Sep 200605,49560.085.04$27,679
Aug 200604,39868.717.34$32,281
Jul 200605,35469.376.34$33,959
Jun 200605,28866.286.38$33,758
May 200604,11966.016.42$26,465
Apr 200603,07864.397.36$22,656
Mar 200603,37656.707.08$23,912
Feb 200603,10857.597.75$24,090
Jan 200603,23760.598.93$28,917
Dec 200525,37454.9413.42$72,204
Nov 200505,72454.6910.59$60,608
Oct 200512,18058.3413.80$30,133
Sep 200502,65861.4512.08$32,106
Aug 200503,73461.519.80$36,581
Jul 200505,74055.697.84$45,022
Jun 200502,51752.337.38$18,578
May 200503,95945.226.65$26,332
Apr 200504,30049.207.36$31,650
Mar 200504,34250.377.15$31,066
Feb 200501,50845.226.31$9,518
Jan 200502,37043.166.32$14,984
Dec 200404,74039.866.75$32,000
Nov 200405,37345.286.33$34,013
Oct 200403,67349.706.52$23,930
Sep 200405,01943.245.28$26,520
Aug 200405,56542.375.55$30,889
Jul 200404,96038.286.08$30,178
Jun 200406,33136.106.43$40,727
May 200406,83637.486.49$44,397
Apr 200407,08834.475.86$41,525
Mar 200409,01534.365.53$49,854
Feb 200408,11132.455.51$44,689
Jan 200402,16532.036.30$13,639
Dec 200307,07530.266.30$44,584
Nov 200307,38628.804.60$33,940
Oct 200307,57728.174.76$36,064
Sep 200303,54726.314.75$16,846
Aug 200307,06429.765.13$36,236
Jul 200308,54929.415.17$44,206
Jun 2003010,58428.565.98$63,324
May 200307,17826.595.97$42,872
Apr 200302,42326.675.41$13,102
Mar 200308,98131.146.10$54,749
Feb 2003010,13033.487.93$80,289
Jan 2003010,01230.315.58$55,887
Dec 200208,58426.914.85$41,665
Nov 200209,97724.664.14$41,274
Oct 2002010,96026.464.23$46,351
Sep 2002010,98027.443.64$39,915
Aug 2002012,83125.963.16$40,599
Jul 2002011,77624.583.06$36,055
Jun 2002012,49023.733.34$41,695
May 2002013,45824.663.58$48,233
Apr 2002012,50623.653.51$43,925
Mar 2002012,81022.003.10$39,746
Feb 2002011,74718.222.38$27,907
Jan 2002014,61417.172.38$34,718
Dec 2001017,04516.932.36$40,301
Nov 2001015,47618.072.41$37,228
Oct 2001017,90219.782.53$45,272
Sep 2001015,66824.262.25$35,274
Aug 2001016,59524.873.05$50,667
Jul 2001019,82023.933.20$63,366
Jun 2001021,00124.563.82$80,311
May 2001022,95325.524.31$98,866
Apr 2001025,14824.685.34$134,173
Mar 2001025,49624.545.38$137,078
Feb 2001024,49727.755.77$141,276
Jan 2001034,19927.478.40$287,229
Dec 2000034,02326.889.12$310,375
Nov 2000027,77232.215.66$157,134
Oct 2000027,25831.235.15$140,256
Sep 2000028,36531.875.19$147,115
Aug 2000033,41129.644.54$151,711
Jul 2000036,75828.534.09$150,331
Jun 2000045,37329.304.40$199,516
May 2000039,94127.263.68$146,973
Apr 2000021,27524.513.12$66,293
Mar 2000048,99828.422.86$140,122
Feb 2000055,09727.622.73$150,222
Jan 2000063,47525.272.48$157,450
Dec 1999071,41524.282.42$173,090
Nov 1999075,30923.192.43$183,301
Oct 1999087,40820.982.80$245,067
Sep 1999089,24421.752.62$233,717
Aug 1999098,89319.262.88$284,377
Jul 19990117,08617.892.37$277,771
Jun 19990124,76315.942.36$294,703
May 19990174,96115.792.32$406,088
Apr 19990217,91515.102.21$481,167
Mar 19990290,50712.471.84$534,048
Feb 19990347,0079.981.82$630,786
Jan 19990257,25510.381.90$488,772

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                   24 Mcf  × $  3.05 =        $73

────────────────────────────────────────────────────
Month total                                      $73

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/173293 is the state's own key, not one this site invented.