MILAM

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 173603District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.1 M
Feb 1999 – May 2026
Value, last 12 filed months
$21 k
at the published price for each month
Months reported
328
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 Gas112003-05-21151402
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
CondensateDisposition198,585 bbl$10,728,077
GasProduction1,761,098 Mcf$7,350,889
Total$18,078,967

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 30.1921, -96.7073. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.19207, -96.70730 · 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
14,801 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 14,801 ft.

Completions filed
Feb 1999
1 of 1 wells

1 well

42-47730724114,801 ftFeb 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 (328)

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

328 months

May 2026365106.413.05$517
Apr 202602298.932.87$63
Mar 20260089.753.15$0
Feb 20260763.503.75$26
Jan 202604459.138.00$352
Dec 202501056.664.41$44
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 202511722262.743.08$8,024
Aug 20251698763.933.01$11,066
Jul 20250066.743.32$0
Jun 2025025566.483.13$798
May 2025021960.553.23$708
Apr 20250062.363.54$0
Mar 20257293,01367.704.27$62,214
Feb 20255304,07770.884.34$55,264
Jan 202519258574.324.28$16,772
Dec 20240068.993.12$0
Nov 202401169.052.20$24
Oct 20241,0856,30971.372.28$91,830
Sep 20247154,05969.612.36$59,368
Aug 20241,0515,97675.632.06$91,819
Jul 20241,0825,25079.932.15$97,754
Jun 202418094378.082.63$16,538
May 20249184,31378.812.20$81,829
Apr 20241,4747,33884.451.66$136,655
Mar 20241,6339,09580.301.55$145,183
Feb 20241,9769,98076.091.78$168,155
Jan 20241,2633,98173.023.30$105,352
Dec 20233,10612,69071.262.61$254,464
Nov 20233,89417,94377.892.81$353,680
Oct 20237023,32185.443.09$70,232
Sep 2023040589.042.74$1,108
Aug 202326280.522.67$327
Jul 20233632,59274.852.64$34,018
Jun 20237395,78868.962.26$64,034
May 20233681,15270.622.23$28,554
Apr 20233461,52978.122.24$30,451
Mar 20235504,66572.852.39$51,232
Feb 20239404,21375.112.47$80,991
Jan 202305076.533.39$169
Dec 20225532,26576.415.73$55,231
Nov 20221,8317,08685.005.65$195,644
Oct 202211387.185.86$163
Sep 20220084.888.16$0
Aug 20220294.529.13$18
Jul 202200101.587.54$0
Jun 20220372115.097.98$2,968
May 20229003,574109.378.43$128,573
Apr 20227093,827104.226.84$100,059
Mar 20223681,504108.885.08$47,703
Feb 20225491,83691.054.86$58,907
Jan 20227372,92281.844.54$73,575
Dec 20211,0953,81771.323.90$92,978
Nov 20217242,76877.435.24$70,555
Oct 20211,0553,55979.795.71$104,514
Sep 20219171,85369.865.35$73,977
Aug 202154449666.024.22$38,008
Jul 2021044970.783.98$1,788
Jun 202137361469.493.38$27,995
May 20215291,16963.483.02$37,109
Apr 20218953,53160.362.76$63,762
Mar 20213621,45461.302.72$26,141
Feb 20217071,20557.805.55$47,550
Jan 20211,8085,39250.412.81$106,294
Dec 20203611,65344.642.68$20,538
Nov 20200038.772.71$0
Oct 202001,15536.972.48$2,863
Sep 20203512,32237.091.99$17,642
Aug 20201773,61339.982.39$15,694
Jul 20205443,94638.371.83$28,075
Jun 20201783,96034.901.69$12,906
May 20203524,41616.921.81$13,970
Apr 20203554,45814.751.80$13,280
Mar 20203664,96930.341.86$20,328
Feb 20203714,51349.881.98$27,444
Jan 20203515,04557.252.09$30,663
Dec 20195374,87959.012.30$42,931
Nov 20191771,75455.302.75$14,613
Oct 20193602,25753.472.42$24,708
Sep 20193472,09355.052.66$24,664
Aug 20193462,13353.112.30$23,291
Jul 20191722,13456.272.46$14,928
Jun 20193462,12052.782.49$23,543
May 20193522,28458.482.74$26,844
Apr 20193662,26362.632.75$29,147
Mar 20193602,55756.803.06$28,278
Feb 20193672,55850.852.79$25,804
Jan 20193622,94746.033.23$26,176
Dec 20181852,53746.594.19$19,238
Nov 201836077752.934.24$22,347
Oct 20183591,13661.443.40$25,917
Sep 201818885759.543.11$13,857
Aug 20181761,19859.403.07$14,128
Jul 20183661,14665.142.93$27,201
Jun 20183691,06760.183.08$25,489
May 201819338765.382.90$13,741
Apr 20183821,00163.842.90$27,291
Mar 20183821,17861.222.79$26,669
Feb 20181981,06461.782.77$15,176
Jan 20183911,28462.874.01$29,730
Dec 20173851,34757.272.92$25,984
Nov 20173791,53155.423.12$25,778
Oct 20173801,78449.292.98$24,053
Sep 20171954,66247.523.09$23,659
Aug 20171851,11945.373.00$11,755
Jul 20173695,63743.873.09$33,591
Jun 20173753,01642.493.09$25,245
May 20171882,89245.373.26$17,967
Apr 20173842,76647.933.21$27,288
Mar 20171873,07146.772.98$17,909
Feb 20173545,71950.452.95$34,745
Jan 20173683,15749.413.42$28,976
Dec 20161843,07948.763.72$20,434
Nov 20163753,00642.492.64$23,883
Oct 20163743,03846.193.09$26,663
Sep 20161753,02941.553.10$16,663
Aug 20163813,11941.442.92$24,910
Jul 20163803,23041.622.92$25,261
Jun 201636814245.352.69$17,070
May 20161923,16742.521.99$14,469
Apr 20163733,11836.561.99$19,845
Mar 201638314233.011.79$12,898
Feb 20163782,94826.472.06$16,089
Jan 20163603,13027.352.36$17,246
Dec 201538114232.362.00$12,613
Nov 20153762,98238.792.17$21,048
Oct 20153633,58343.552.43$24,503
Sep 20153664,59842.992.76$28,418
Aug 201537454440.162.87$16,582
Jul 20155404,34048.152.95$38,783
Jun 20153602,06056.152.88$26,153
May 20153812,20755.212.96$27,558
Apr 20153862,17349.822.71$25,112
Mar 20155832,44942.892.93$32,192
Feb 20155642,69844.662.98$33,218
Jan 20157342,81243.433.10$40,597
Dec 20147641,71254.693.59$47,932
Nov 201419433070.464.25$15,072
Oct 20141941,25778.303.90$20,094
Sep 20141911,69686.164.05$23,318
Aug 20145603,58089.394.04$64,504
Jul 20143832,37896.564.18$46,922
Jun 20145733,04398.164.74$70,660
May 20145783,49994.734.73$71,292
Apr 20143952,81795.944.81$51,444
Mar 20143893,09995.895.06$52,972
Feb 20145872,94297.406.19$75,391
Jan 20143843,05190.404.86$49,544
Dec 201357334891.824.35$54,128
Nov 20133882,98888.853.74$45,644
Oct 20135696,11197.423.78$78,528
Sep 20133823,418104.113.72$52,477
Aug 20135773,582104.253.52$72,770
Jul 20137624,114102.523.72$93,415
Jun 20139597,96294.403.93$121,847
May 201318836094.834.15$19,322
Apr 201318160993.964.28$19,615
Mar 201318467893.623.91$19,879
Feb 201319559391.233.42$19,818
Jan 201319667491.603.42$20,259
Dec 201218095786.773.42$18,892
Nov 20123841,24186.953.62$37,887
Oct 20123741,63989.383.40$39,000
Sep 20123801,89394.672.92$41,499
Aug 20123762,95792.662.91$43,440
Jul 20123702,67085.133.02$39,564
Jun 20123524,14079.822.52$38,525
May 20125564,68991.612.49$62,603
Apr 20123673,767101.652.00$44,828
Mar 20123884,204105.052.22$50,101
Feb 20125563,702101.102.57$65,727
Jan 20123713,85298.092.73$46,923
Dec 20115774,20596.873.24$69,517
Nov 20113854,08195.723.31$50,366
Oct 20115853,70384.983.65$63,224
Sep 20113554,39783.623.99$47,211
Aug 20115674,51683.404.15$66,026
Jul 20113874,50594.144.52$56,782
Jun 20115744,36292.904.64$73,564
May 20113864,44298.134.40$57,444
Apr 20115794,485105.964.33$80,786
Mar 20113794,95296.364.06$56,612
Feb 20115824,23085.644.18$67,524
Jan 20115905,12286.504.59$74,539
Dec 20105905,37485.734.35$73,946
Nov 20105833,71980.843.80$61,245
Oct 20101942,84978.103.51$25,148
Sep 20105775,43272.633.98$63,524
Aug 20107605,37273.684.42$79,738
Jul 20109224,80872.554.74$89,664
Jun 20101921,54570.364.91$21,096
May 20103851,43171.124.24$33,442
Apr 20103862,81781.694.12$43,146
Mar 20103872,17478.394.39$39,878
Feb 20101951,35773.585.44$21,733
Jan 20103901,51574.365.96$38,036
Dec 20093881,90771.445.48$38,176
Nov 20093912,40874.593.75$38,198
Oct 20093872,47672.544.11$38,250
Sep 20093833,00265.543.06$34,302
Aug 20095763,84067.423.22$51,193
Jul 20093794,05361.133.46$37,210
Jun 20093843,86766.163.90$40,467
May 20095844,00254.743.93$47,679
Apr 20093914,00046.773.59$32,637
Mar 20095834,58542.144.06$43,178
Feb 20095853,79632.814.63$36,781
Jan 20093934,27835.865.37$37,070
Dec 20085883,43037.105.98$42,316
Nov 20085864,29655.496.86$61,989
Oct 20083894,45275.246.92$60,085
Sep 20085623,877101.767.88$87,729
Aug 20085814,928114.228.48$108,166
Jul 20083845,283131.0811.39$110,505
Jun 20085772,812131.3313.03$112,425
May 20085803,047123.1711.57$106,705
Apr 20085792,991110.3110.45$95,140
Mar 20085883,111101.909.66$89,982
Feb 20085893,04292.538.77$81,180
Jan 20085873,20890.388.21$79,377
Dec 20077796,22888.337.30$114,286
Nov 20075866,21691.677.29$99,044
Oct 20077746,37382.856.92$108,240
Sep 20073856,52375.846.24$69,929
Aug 20077646,23869.066.39$92,610
Jul 20075886,75470.906.39$84,833
Jun 20077726,49562.007.55$96,891
May 20077786,60758.747.85$97,540
Apr 20075816,64859.617.81$86,522
Mar 20077736,17756.927.30$89,103
Feb 20078006,33355.108.22$96,112
Jan 20077956,75550.306.73$85,428
Dec 20067907,48756.656.92$96,552
Nov 20067907,05254.207.62$96,536
Oct 20069888,00954.906.01$102,406
Sep 20069858,28760.085.04$100,922
Aug 200698011,06268.717.34$148,530
Jul 20065822,38569.376.34$55,501
Jun 2006053166.286.38$3,390
May 20065761,95066.016.42$50,551
Apr 20063961,97264.397.36$40,013
Mar 20064001,94256.707.08$36,435
Feb 20066001,95457.597.75$49,700
Jan 20065992,19860.598.93$55,929
Dec 20056022,28154.9413.42$63,674
Nov 20055883,33254.6910.59$67,438
Oct 20055983,20358.3413.80$79,075
Sep 20053954,19461.4512.08$74,932
Aug 20057885,22261.519.80$99,629
Jul 20055925,87755.697.84$79,066
Jun 20055825,92352.337.38$74,174
May 20057896,24145.226.65$77,188
Apr 20055956,05449.207.36$73,834
Mar 20057956,31250.377.15$85,206
Feb 20057865,70345.226.31$71,540
Jan 20055986,39443.166.32$66,234
Dec 20049976,34939.866.75$82,603
Nov 20045946,56045.286.33$68,424
Oct 20047826,56049.706.52$81,604
Sep 20047626,23843.245.28$65,910
Aug 20047887,29542.375.55$73,880
Jul 20047838,14438.286.08$79,523
Jun 20048978,29936.106.43$85,769
May 20047108,57137.486.49$82,276
Apr 20048947,83434.475.86$76,711
Mar 20041,0767,62234.365.53$79,122
Feb 20047257,63632.455.51$65,598
Jan 20041,0888,24432.036.30$86,783
Dec 20037368,68230.266.30$76,982
Nov 20039058,01328.804.60$62,885
Oct 20031,0738,58628.174.76$71,093
Sep 20031,0748,69626.314.75$69,557
Aug 20031,0739,51129.765.13$80,721
Jul 20031,0788,32629.415.17$74,756
Jun 200388610,56728.565.98$88,526
May 200389810,18726.595.97$84,722
Apr 200390210,37026.675.41$80,130
Mar 200391111,19931.146.10$96,638
Feb 20039089,84233.487.93$108,406
Jan 20031,2782,93330.315.58$55,108
Dec 20021,10212,34626.914.85$89,579
Nov 20021,08610,87024.664.14$71,750
Oct 200291511,81326.464.23$74,169
Sep 20021,22911,76527.443.64$76,492
Aug 200290513,69925.963.16$66,840
Jul 20021,25610,54524.583.06$63,159
Jun 20021,07011,96723.733.34$65,340
May 20021,07613,25224.663.58$74,029
Apr 20021,25712,92023.653.51$75,107
Mar 20021,44914,82422.003.10$77,873
Feb 20021,09311,50718.222.38$47,251
Jan 20021,43515,75017.172.38$62,056
Dec 20011,44415,10716.932.36$60,166
Nov 20011,44615,44318.072.41$63,278
Oct 20011,62216,68919.782.53$74,288
Sep 20011,60917,27924.262.25$77,935
Aug 20011,78619,04224.873.05$102,556
Jul 20011,61120,28623.933.20$103,407
Jun 20011,97121,36024.563.82$130,092
May 20012,32924,67225.524.31$165,706
Apr 20012,73229,04924.685.34$222,411
Mar 20011,44415,37424.545.38$118,093
Feb 2001021127.755.77$1,217
Jan 20015539,83427.478.40$97,784
Dec 200073910,56226.889.12$116,216
Nov 20005433,44232.215.66$36,965
Oct 20007265,13631.235.15$49,100
Sep 20007057,54931.875.19$61,621
Aug 20005314,93029.644.54$38,125
Jul 20007136,03128.534.09$45,007
Jun 200071910,12229.304.40$65,576
May 20007158,53727.263.68$50,905
Apr 200071712,74124.513.12$57,275
Mar 200071215,20528.422.86$63,718
Feb 200072611,00427.622.73$50,055
Jan 200091113,39725.272.48$56,252
Dec 19991,08615,03624.282.42$62,811
Nov 199990813,40223.192.43$53,677
Oct 199988423,44220.982.80$84,271
Sep 199970723,25121.752.62$76,268
Aug 19991,24526,56219.262.88$100,360
Jul 19991,07029,85117.892.37$89,960
Jun 19991,09237,40615.942.36$105,763
May 19991,45846,51215.792.32$130,977
Apr 19992,15055,81615.102.21$155,710
Mar 1999899,67112.471.84$18,888
Feb 1999009.981.82$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.

May 2026 — as filed, then multipliedworked
Condensate             3 bbl  × $106.41 =       $319
Gas                   65 Mcf  × $  3.05 =       $198

────────────────────────────────────────────────────
Month total                                     $517

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/173603 is the state's own key, not one this site invented.