DIERKING 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 174174District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$128.2 M
May 1999 – May 2026
Value, last 12 filed months
$455 k
at the published price for each month
Months reported
325
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 Gas112000-05-18141111
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
CondensateDisposition453 bbl$17,191
GasProduction33,135,941 Mcf$128,145,520
Total$128,162,712

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 30.0426, -96.4096. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.04261, -96.40964 · 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
14,598 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 14,598 ft.

Completions filed
May 1999
1 of 1 wells

1 well

42-01530729114,598 ftMay 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 (325)

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

325 months

May 2026012,538106.413.05$38,189
Apr 20260098.932.87$0
Mar 202605,40989.753.15$17,035
Feb 2026011,52463.503.75$43,219
Jan 202608,74859.138.00$69,966
Dec 2025013,01256.664.41$57,427
Nov 2025011,99658.593.93$47,102
Oct 2025012,37059.383.30$40,881
Sep 2025110,39662.743.08$32,050
Aug 202519,87663.933.01$29,838
Jul 2025013,25966.743.32$43,956
Jun 2025111,34866.483.13$35,571
May 2025112,79960.553.23$41,431
Apr 2025011,93662.363.54$42,291
Mar 2025113,39067.704.27$57,221
Feb 202509,48070.884.34$41,151
Jan 2025013,98474.324.28$59,833
Dec 2024014,39068.993.12$44,917
Nov 2024211,97669.052.20$26,467
Oct 2024013,72971.372.28$31,321
Sep 2024012,29769.612.36$29,075
Aug 2024012,21075.632.06$25,197
Jul 2024013,14379.932.15$28,213
Jun 2024013,75878.082.63$36,238
May 2024012,96978.812.20$28,512
Apr 2024014,22784.451.66$23,605
Mar 2024014,36680.301.55$22,197
Feb 2024213,05776.091.78$23,441
Jan 2024014,87073.023.30$49,036
Dec 2023012,58671.262.61$32,859
Nov 2023013,92077.892.81$39,081
Oct 2023015,80885.443.09$48,804
Sep 2023014,32489.042.74$39,177
Aug 2023115,59480.522.67$41,761
Jul 2023115,91974.852.64$42,130
Jun 2023114,54768.962.26$32,923
May 2023014,22570.622.23$31,685
Apr 2023014,55178.122.24$32,562
Mar 2023416,64872.852.39$40,133
Feb 2023014,41875.112.47$35,550
Jan 2023119,54076.533.39$66,273
Dec 2022114,53576.415.73$83,349
Nov 2022018,66285.005.65$105,369
Oct 2022018,14887.185.86$106,416
Sep 2022117,35084.888.16$141,725
Aug 2022020,41194.529.13$186,294
Jul 2022120,957101.587.54$158,161
Jun 2022222,002115.097.98$175,745
May 2022024,220109.378.43$204,248
Apr 2022027,592104.226.84$188,663
Mar 2022124,627108.885.08$125,125
Feb 202204,91991.054.86$23,901
Jan 202208,31481.844.54$37,726
Dec 202109,50771.323.90$37,069
Nov 2021013,29777.435.24$69,634
Oct 2021213,41879.795.71$76,828
Sep 2021010,18569.865.35$54,499
Aug 202108,73466.024.22$36,863
Jul 202107,16970.783.98$28,548
Jun 2021010,67069.493.38$36,071
May 202108,26563.483.02$24,941
Apr 2021011,31560.362.76$31,212
Mar 2021010,78061.302.72$29,289
Feb 202108,62157.805.55$47,829
Jan 202109,18550.412.81$25,812
Dec 202009,05344.642.68$24,221
Nov 2020014,24338.772.71$38,550
Oct 202009,19536.972.48$22,789
Sep 2020010,81137.091.99$21,525
Aug 2020010,52839.982.39$25,110
Jul 202009,06938.371.83$16,552
Jun 202009,91334.901.69$16,756
May 202007,95716.921.81$14,440
Apr 202008,17014.751.80$14,742
Mar 202009,93230.341.86$18,436
Feb 202008,25249.881.98$16,344
Jan 202007,07757.252.09$14,824
Dec 201907,38159.012.30$17,008
Nov 201908,05455.302.75$22,154
Oct 201907,59053.472.42$18,357
Sep 201907,17755.052.66$19,071
Aug 201908,70253.112.30$20,053
Jul 201904,83956.272.46$11,904
Jun 201905,78752.782.49$14,417
May 2019115,18658.482.74$41,673
Apr 2019115,04362.632.75$41,441
Mar 2019016,74156.803.06$51,263
Feb 2019013,54250.852.79$37,812
Jan 2019016,05846.033.23$51,838
Dec 2018018,74946.594.19$78,473
Nov 2018014,28352.934.24$60,521
Oct 2018016,77561.443.40$57,003
Sep 2018017,11759.543.11$53,200
Aug 2018014,91659.403.07$45,741
Jul 2018017,09465.142.93$50,118
Jun 2018016,64960.183.08$51,228
May 2018016,70365.382.90$48,452
Apr 2018016,10963.842.90$46,729
Mar 2018016,57561.222.79$46,192
Feb 2018015,28261.782.77$42,272
Jan 2018017,47862.874.01$70,075
Dec 2017015,46457.272.92$45,178
Nov 2017017,28455.423.12$53,898
Oct 2017018,52849.292.98$55,282
Sep 2017017,79347.523.09$54,932
Aug 2017016,21545.373.00$48,716
Jul 2017017,63443.873.09$54,441
Jun 2017018,05642.493.09$55,744
May 2017018,51545.373.26$60,422
Apr 2017018,09347.933.21$58,107
Mar 2017018,21146.772.98$54,336
Feb 201701,27150.452.95$3,753
Jan 2017018,29549.413.42$62,547
Dec 2016018,89948.763.72$70,358
Nov 2016020,11342.492.64$53,186
Oct 2016017,06546.193.09$52,735
Sep 2016020,26641.553.10$62,837
Aug 2016019,57041.442.92$57,229
Jul 2016020,77741.622.92$60,759
Jun 2016018,68545.352.69$50,185
May 2016018,82842.521.99$37,487
Apr 2016017,88936.561.99$35,618
Mar 2016019,52233.011.79$35,023
Feb 2016018,95926.472.06$39,124
Jan 2016020,34327.352.36$48,098
Dec 2015019,16432.362.00$38,355
Nov 2015020,32738.792.17$44,055
Oct 2015021,10343.552.43$51,208
Sep 2015022,05242.992.76$60,829
Aug 2015018,34940.162.87$52,707
Jul 2015022,33848.152.95$65,787
Jun 2015024,55656.152.88$70,792
May 2015016,11655.212.96$47,630
Apr 2015020,92849.822.71$56,643
Mar 2015022,44042.892.93$65,855
Feb 2015020,76044.662.98$61,786
Jan 2015024,06143.433.10$74,604
Dec 2014019,22954.693.59$69,058
Nov 2014024,72570.464.25$105,127
Oct 2014021,37678.303.90$83,387
Sep 2014024,03886.164.05$97,244
Aug 2014025,43589.394.04$102,633
Jul 2014025,34796.564.18$105,940
Jun 2014025,70298.164.74$121,747
May 2014027,89994.734.73$131,866
Apr 2014028,91095.944.81$139,032
Mar 2014033,72295.895.06$170,525
Feb 2014043,69997.406.19$270,584
Jan 201402,65390.404.86$12,895
Dec 20130091.824.35$0
Nov 2013016,29788.853.74$60,923
Oct 2013022,56297.423.78$85,270
Sep 2013021,987104.113.72$81,742
Aug 2013023,625104.253.52$83,222
Jul 2013024,005102.523.72$89,244
Jun 2013023,32394.403.93$91,739
May 2013024,13994.834.15$100,155
Apr 2013022,54993.964.28$96,568
Mar 2013023,87193.623.91$93,404
Feb 2013021,80091.233.42$74,554
Jan 2013024,98791.603.42$85,453
Dec 2012025,22586.773.42$86,274
Nov 2012023,99186.953.62$86,966
Oct 2012024,92789.383.40$84,744
Sep 2012024,36094.672.92$71,092
Aug 2012025,17392.662.91$73,207
Jul 2012026,40885.133.02$79,773
Jun 2012025,34979.822.52$63,855
May 2012027,28391.612.49$67,889
Apr 2012024,365101.652.00$48,652
Mar 2012025,638105.052.22$56,970
Feb 2012023,781101.102.57$61,123
Jan 2012025,52398.092.73$69,782
Dec 2011025,59296.873.24$82,911
Nov 2011024,51995.723.31$81,189
Oct 2011026,65484.983.65$97,248
Sep 2011025,58183.623.99$101,961
Aug 2011026,98883.404.15$111,982
Jul 2011026,89794.144.52$121,500
Jun 2011026,84092.904.64$124,534
May 2011028,73098.134.40$126,550
Apr 2011027,021105.964.33$117,090
Mar 2011029,40696.364.06$119,310
Feb 2011026,32285.644.18$110,025
Jan 2011026,81286.504.59$123,034
Dec 2010027,35485.734.35$118,928
Nov 2010025,37780.843.80$96,314
Oct 2010026,97878.103.51$94,663
Sep 2010026,25272.633.98$104,469
Aug 2010028,63673.684.42$126,553
Jul 2010029,17772.554.74$138,197
Jun 2010027,78170.364.91$136,416
May 2010029,45471.124.24$124,744
Apr 2010029,43681.694.12$121,356
Mar 2010030,86078.394.39$135,434
Feb 2010028,37773.585.44$154,438
Jan 2010031,04474.365.96$185,149
Dec 2009032,66471.445.48$179,121
Nov 2009031,49274.593.75$118,142
Oct 2009032,58372.544.11$133,924
Sep 2009032,11165.543.06$98,412
Aug 2009033,01367.423.22$106,252
Jul 2009033,79661.133.46$117,086
Jun 2009033,78166.163.90$131,577
May 2009035,26754.743.93$138,449
Apr 2009034,69346.773.59$124,461
Mar 2009036,36642.144.06$147,610
Feb 2009031,39732.814.63$145,462
Jan 2009035,41935.865.37$190,235
Dec 2008035,65837.105.98$213,133
Nov 2008035,65955.496.86$244,634
Oct 2008037,49675.246.92$259,547
Sep 2008034,757101.767.88$273,784
Aug 2008031,407114.228.48$266,426
Jul 2008040,004131.0811.39$455,623
Jun 2008041,159131.3313.03$536,410
May 2008049,155123.1711.57$568,934
Apr 2008021,202110.3110.45$221,664
Mar 2008044,347101.909.66$428,573
Feb 2008043,17292.538.77$378,643
Jan 2008043,70390.388.21$358,615
Dec 2007045,47488.337.30$332,050
Nov 2007044,13291.677.29$321,797
Oct 2007047,16182.856.92$326,448
Sep 2007046,77275.846.24$292,052
Aug 2007048,92569.066.39$312,530
Jul 2007049,95570.906.39$319,110
Jun 2007049,64362.007.55$374,728
May 2007453,97958.747.85$423,769
Apr 2007450,45059.617.81$394,011
Mar 2007054,81156.927.30$400,228
Feb 2007050,04555.108.22$411,170
Jan 2007658,14350.306.73$391,421
Dec 2006661,94456.656.92$428,896
Nov 2006668,08854.207.62$518,984
Oct 2006056,25954.906.01$338,330
Sep 2006669,90960.085.04$352,506
Aug 2006977,72268.717.34$571,092
Jul 2006786,28669.376.34$547,777
Jun 20061297,15266.286.38$621,002
May 200623132,03066.016.42$849,811
Apr 20062624,97864.397.36$185,524
Mar 200606,67156.707.08$47,250
Feb 2006114,91657.597.75$115,673
Jan 2006116,71660.598.93$149,390
Dec 2005115,98154.9413.42$214,446
Nov 2005117,11254.6910.59$181,243
Oct 2005018,35558.3413.80$253,221
Sep 2005118,35761.4512.08$221,796
Aug 2005219,30561.519.80$189,251
Jul 2005120,67755.697.84$162,239
Jun 2005119,16752.337.38$141,525
May 2005122,85245.226.65$152,038
Apr 2005323,59449.207.36$173,811
Mar 2005340,26250.377.15$288,221
Feb 2005256,93545.226.31$359,460
Jan 2005161,62943.166.32$389,674
Dec 2004063,53239.866.75$428,910
Nov 20041173,34945.286.33$464,828
Oct 2004185,32649.706.52$555,957
Sep 2004060,27943.245.28$318,508
Aug 2004081,75242.375.55$453,778
Jul 2004084,10138.286.08$511,686
Jun 2004083,85436.106.43$539,434
May 2004095,61237.486.49$620,960
Apr 2004099,32534.475.86$581,892
Mar 2004088,29534.365.53$488,284
Feb 2004083,01832.455.51$457,398
Jan 20040102,43232.036.30$645,285
Dec 2003034,56830.266.30$217,835
Nov 2003062,26028.804.60$286,095
Oct 2003097,25928.174.76$462,918
Sep 2003096,72726.314.75$459,391
Aug 20030102,58629.765.13$526,237
Jul 20030106,61929.415.17$551,310
Jun 20030104,35028.565.98$624,322
May 20030113,98326.595.97$680,784
Apr 2003085,74026.675.41$463,620
Mar 20030130,04731.146.10$792,772
Feb 20030119,14233.487.93$944,305
Jan 2003085,27130.315.58$475,986
Dec 20026142,28426.914.85$690,774
Nov 20020138,66824.664.14$573,664
Oct 20020153,16926.464.23$647,770
Sep 20020147,73527.443.64$537,046
Aug 200213161,07825.963.16$510,014
Jul 20020164,84224.583.06$504,707
Jun 20020176,66723.733.34$589,757
May 20028191,53324.663.58$686,652
Apr 20028193,96023.653.51$681,439
Mar 200212207,48722.003.10$644,038
Feb 200212196,44118.222.38$466,900
Jan 20020221,87217.172.38$527,097
Dec 200115236,44616.932.36$559,307
Nov 200113242,06018.072.41$582,515
Oct 200112266,80719.782.53$674,960
Sep 20010277,00424.262.25$623,625
Aug 20019276,32124.873.05$843,876
Jul 200123304,50923.933.20$974,090
Jun 200112309,03024.563.82$1,182,075
May 20010342,53125.524.31$1,475,391
Apr 20010351,27124.685.34$1,874,143
Mar 200113390,03624.545.38$2,097,324
Feb 20010027.755.77$0
Jan 20010453,47027.478.40$3,808,586
Dec 20005487,65726.889.12$4,448,785
Nov 20006519,02232.215.66$2,936,820
Oct 20000574,76631.235.15$2,957,458
Sep 20007612,44531.875.19$3,176,669
Aug 20000683,41829.644.54$3,103,230
Jul 20000746,72328.534.09$3,053,910
Jun 200019793,18429.304.40$3,488,385
May 20000874,83727.263.68$3,219,181
Apr 200010922,92424.513.12$2,876,076
Mar 200001,012,07828.422.86$2,894,290
Feb 200001,012,05227.622.73$2,759,360
Jan 2000171,090,94025.272.48$2,706,506
Dec 1999141,232,47524.282.42$2,987,514
Nov 1999121,298,14623.192.43$3,159,953
Oct 199901,431,04420.982.80$4,012,232
Sep 1999111,446,77321.752.62$3,789,121
Aug 1999191,534,14819.262.88$4,411,962
Jul 1999101,576,36417.892.37$3,739,898
Jun 199901,457,49215.942.36$3,442,742
May 19990137,60715.792.32$319,389

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               12,538 Mcf  × $  3.05 =    $38,189

────────────────────────────────────────────────────
Month total                                  $38,189

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/174174 is the state's own key, not one this site invented.