RAINS TRUST 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 175403District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$27.5 M
Mar 1999 – May 2026
Value, last 12 filed months
$132 k
at the published price for each month
Months reported
327
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 Gas112000-02-09141076
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
CondensateDisposition92 bbl$3,272
GasProduction7,843,327 Mcf$27,487,306
Total$27,490,578

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 30.0727, -96.4202. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.07270, -96.42021 · 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
15,487 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 15,487 ft.

Completions filed
Mar 1999
1 of 1 wells

1 well

42-01530721115,487 ftMar 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 (327)

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

327 months

May 202602,998106.413.05$9,131
Apr 202603,29698.932.87$9,459
Mar 202603,93889.753.15$12,402
Feb 202603,27663.503.75$12,286
Jan 202603,02259.138.00$24,170
Dec 202502,37556.664.41$10,482
Nov 202502,36758.593.93$9,294
Oct 202504,07959.383.30$13,480
Sep 202513,52862.743.08$10,918
Aug 202501,79263.933.01$5,402
Jul 202502,62466.743.32$8,699
Jun 202502,11866.483.13$6,627
May 202502,69360.553.23$8,705
Apr 202501,76762.363.54$6,261
Mar 202501,67967.704.27$7,167
Feb 2025073070.884.34$3,169
Jan 2025073074.324.28$3,123
Dec 2024059068.993.12$1,842
Nov 202402,24169.052.20$4,927
Oct 202401,87371.372.28$4,273
Sep 202402,36969.612.36$5,601
Aug 202402,33175.632.06$4,810
Jul 202402,27879.932.15$4,890
Jun 202402,43278.082.63$6,406
May 202404,24178.812.20$9,324
Apr 202403,35084.451.66$5,558
Mar 202402,87580.301.55$4,442
Feb 202402,85376.091.78$5,089
Jan 202404,24373.023.30$13,992
Dec 202302,21671.262.61$5,785
Nov 202301,41277.892.81$3,964
Oct 202301,83685.443.09$5,668
Sep 202301,71689.042.74$4,693
Aug 202301,99380.522.67$5,327
Jul 202302,12574.852.64$5,614
Jun 202303,60468.962.26$8,140
May 202303,44670.622.23$7,676
Apr 202302,05278.122.24$4,592
Mar 202303,44172.852.39$8,235
Feb 202303,91775.112.47$9,658
Jan 202303,72876.533.39$12,629
Dec 202202,92576.415.73$16,758
Nov 202202,34185.005.65$13,218
Oct 202202,10487.185.86$12,337
Sep 202203,42784.888.16$27,977
Aug 202204,53794.529.13$41,410
Jul 202203,985101.587.54$30,055
Jun 202204,800115.097.98$38,291
May 202203,193109.378.43$26,927
Apr 202204,024104.226.84$27,515
Mar 202204,985108.885.08$25,306
Feb 202202,54191.054.86$12,346
Jan 202201,91681.844.54$8,694
Dec 202102,46371.323.90$9,604
Nov 202101,12177.435.24$5,871
Oct 202104,31379.795.71$24,644
Sep 202103,40569.865.35$18,220
Aug 202104,33266.024.22$18,284
Jul 202102,45870.783.98$9,788
Jun 202102,82969.493.38$9,564
May 202102,71263.483.02$8,184
Apr 202102,42160.362.76$6,678
Mar 202103,16061.302.72$8,586
Feb 202103,53557.805.55$19,612
Jan 202102,64450.412.81$7,430
Dec 202002,87944.642.68$7,703
Nov 202006,63638.772.71$17,961
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 202001,28414.751.80$2,317
Mar 202001,69130.341.86$3,139
Feb 202001,96249.881.98$3,886
Jan 202001,65757.252.09$3,471
Dec 201902,60659.012.30$6,005
Nov 201902,45955.302.75$6,764
Oct 201902,92553.472.42$7,074
Sep 201902,90455.052.66$7,717
Aug 201902,98353.112.30$6,874
Jul 201903,02056.272.46$7,429
Jun 201903,06752.782.49$7,641
May 201903,30958.482.74$9,068
Apr 201903,15362.632.75$8,673
Mar 201903,23856.803.06$9,915
Feb 201902,81150.852.79$7,849
Jan 201903,44646.033.23$11,124
Dec 201803,20946.594.19$13,431
Nov 201803,31552.934.24$14,046
Oct 201803,50661.443.40$11,914
Sep 201803,55159.543.11$11,037
Aug 201803,26959.403.07$10,025
Jul 201803,30265.142.93$9,681
Jun 201803,29060.183.08$10,123
May 201803,49465.382.90$10,135
Apr 201803,40763.842.90$9,883
Mar 201803,61061.222.79$10,060
Feb 201803,38261.782.77$9,355
Jan 201803,65762.874.01$14,662
Dec 201703,68957.272.92$10,777
Nov 201703,61555.423.12$11,273
Oct 201703,85549.292.98$11,502
Sep 201704,09547.523.09$12,642
Aug 201703,53645.373.00$10,624
Jul 201704,02743.873.09$12,432
Jun 201704,01842.493.09$12,405
May 201704,61245.373.26$15,051
Apr 201703,32647.933.21$10,682
Mar 201704,27346.772.98$12,749
Feb 2017014150.452.95$416
Jan 201704,90449.413.42$16,766
Dec 201604,86648.763.72$18,115
Nov 201604,86642.492.64$12,867
Oct 201607,07646.193.09$21,867
Sep 201604,60241.553.10$14,269
Aug 201608,89341.442.92$26,006
Jul 201602,18541.622.92$6,390
Jun 201602,04545.352.69$5,493
May 201601,97442.521.99$3,930
Apr 201601,96536.561.99$3,912
Mar 201602,01033.011.79$3,606
Feb 201601,87626.472.06$3,871
Jan 201602,00027.352.36$4,729
Dec 201502,02632.362.00$4,055
Nov 201501,97438.792.17$4,278
Oct 201502,25243.552.43$5,465
Sep 201502,50242.992.76$6,902
Aug 201502,61340.162.87$7,506
Jul 201502,75748.152.95$8,120
Jun 201501,48856.152.88$4,290
May 201502,57455.212.96$7,607
Apr 201502,52349.822.71$6,829
Mar 201502,58042.892.93$7,572
Feb 201502,37544.662.98$7,068
Jan 201502,76043.433.10$8,558
Dec 201403,41354.693.59$12,257
Nov 201402,95570.464.25$12,564
Oct 201403,21978.303.90$12,557
Sep 201403,26886.164.05$13,221
Aug 201403,31689.394.04$13,380
Jul 201403,58396.564.18$14,976
Jun 201404,32898.164.74$20,501
May 201403,33894.734.73$15,777
Apr 201403,61195.944.81$17,366
Mar 201404,45395.895.06$22,518
Feb 201403,43097.406.19$21,239
Jan 201402,58290.404.86$12,550
Dec 201304,45191.824.35$19,382
Nov 201304,28888.853.74$16,030
Oct 201304,61797.423.78$17,449
Sep 201304,523104.113.72$16,815
Aug 201304,095104.253.52$14,425
Jul 201304,592102.523.72$17,072
Jun 201304,91894.403.93$19,345
May 201305,26494.834.15$21,841
Apr 201305,13593.964.28$21,991
Mar 201305,43493.623.91$21,263
Feb 201304,79691.233.42$16,402
Jan 201304,74691.603.42$16,231
Dec 201204,08086.773.42$13,954
Nov 201205,06886.953.62$18,371
Oct 201205,30089.383.40$18,018
Sep 201205,11494.672.92$14,925
Aug 201205,31992.662.91$15,469
Jul 201205,38185.133.02$16,255
Jun 201205,23579.822.52$13,187
May 201205,47591.612.49$13,624
Apr 201205,385101.652.00$10,753
Mar 201205,662105.052.22$12,581
Feb 201205,291101.102.57$13,599
Jan 201206,00298.092.73$16,410
Dec 201106,08896.873.24$19,724
Nov 201106,19395.723.31$20,507
Oct 201107,15284.983.65$26,094
Sep 201106,28883.623.99$25,063
Aug 201107,14583.404.15$29,647
Jul 201107,07894.144.52$31,973
Jun 201107,10092.904.64$32,943
May 201109,74398.134.40$42,916
Apr 201109,776105.964.33$42,362
Mar 2011011,58696.364.06$47,008
Feb 2011011,17385.644.18$46,703
Jan 201103,46586.504.59$15,900
Dec 201004,67685.734.35$20,330
Nov 201004,50880.843.80$17,109
Oct 201005,79978.103.51$20,348
Sep 201004,15472.633.98$16,531
Aug 201004,44673.684.42$19,648
Jul 201004,35272.554.74$20,613
Jun 201004,36470.364.91$21,429
May 201004,83071.124.24$20,456
Apr 201004,94381.694.12$20,378
Mar 201005,56578.394.39$24,423
Feb 201004,01573.585.44$21,851
Jan 201004,97074.365.96$29,642
Dec 200905,91071.445.48$32,409
Nov 200905,99174.593.75$22,475
Oct 200906,11172.544.11$25,118
Sep 200905,07465.543.06$15,551
Aug 200905,79367.423.22$18,645
Jul 200905,69761.133.46$19,737
Jun 200905,53066.163.90$21,539
May 200905,46454.743.93$21,450
Apr 200905,70846.773.59$20,477
Mar 200906,08642.144.06$24,703
Feb 200906,06832.814.63$28,113
Jan 200906,71435.865.37$36,061
Dec 200808,36237.105.98$49,981
Nov 200808,03955.496.86$55,150
Oct 200808,54475.246.92$59,141
Sep 200807,812101.767.88$61,536
Aug 200808,565114.228.48$72,657
Jul 200807,868131.0811.39$89,612
Jun 200807,495131.3313.03$97,680
May 200805,186123.1711.57$60,024
Apr 200805,469110.3110.45$57,178
Mar 200807,742101.909.66$74,819
Feb 200807,76292.538.77$68,077
Jan 200808,59590.388.21$70,528
Dec 2007010,05188.337.30$73,392
Nov 200707,59591.677.29$55,380
Oct 200709,35382.856.92$64,741
Sep 2007011,93275.846.24$74,505
Aug 200706,91269.066.39$44,153
Jul 200709,98670.906.39$63,790
Jun 200709,96062.007.55$75,183
May 2007111,11558.747.85$87,270
Apr 2007210,94259.617.81$85,524
Mar 2007011,22356.927.30$81,950
Feb 200709,41455.108.22$77,345
Jan 2007312,52550.306.73$84,405
Dec 2006212,66556.656.92$87,735
Nov 2006212,71754.207.62$96,980
Oct 2006010,14754.906.01$61,022
Sep 2006313,45960.085.04$67,976
Aug 2006516,89168.717.34$124,322
Jul 200675,32469.376.34$34,254
Jun 200619,85666.286.38$62,986
May 200606,48666.016.42$41,673
Apr 200608,09464.397.36$59,576
Mar 2006112,57256.707.08$89,103
Feb 200619,90557.597.75$76,832
Jan 2006113,72060.598.93$122,626
Dec 2005014,31554.9413.42$192,041
Nov 2005114,80754.6910.59$156,837
Oct 2005013,16158.3413.80$181,566
Sep 200515,82961.4512.08$70,470
Aug 2005214,54861.519.80$142,647
Jul 2005117,73155.697.84$139,131
Jun 200519,79552.337.38$72,350
May 200503,32845.226.65$22,135
Apr 200505,88449.207.36$43,309
Mar 2005010,59250.377.15$75,784
Feb 200529,21045.226.31$58,223
Jan 2005011,26643.166.32$71,226
Dec 2004011,70339.866.75$79,008
Nov 2004313,12445.286.33$83,216
Oct 2004018,26149.706.52$118,972
Sep 2004024,62243.245.28$130,100
Aug 2004033,58342.375.55$186,408
Jul 2004010,40338.286.08$63,294
Jun 2004021,56036.106.43$138,696
May 200406,11537.486.49$39,714
Apr 200407,94234.475.86$46,528
Mar 2004014,61834.365.53$80,840
Feb 2004015,02232.455.51$82,766
Jan 2004021,84532.036.30$137,616
Dec 2003022,27930.266.30$140,394
Nov 2003022,81228.804.60$104,825
Oct 2003027,16228.174.76$129,281
Sep 2003024,54226.314.75$116,559
Aug 2003029,67729.765.13$152,235
Jul 2003031,89729.415.17$164,934
Jun 2003024,62028.565.98$147,300
May 2003030,20226.595.97$180,387
Apr 2003032,63726.675.41$176,477
Mar 2003036,56131.146.10$222,877
Feb 2003045,74633.487.93$362,577
Jan 200306,43430.315.58$35,915
Dec 2002020,66426.914.85$100,298
Nov 2002022,87924.664.14$94,650
Oct 2002025,47726.464.23$107,745
Sep 2002022,15827.443.64$80,549
Aug 2002026,98625.963.16$85,388
Jul 2002025,54324.583.06$78,207
Jun 2002022,23023.733.34$74,209
May 2002027,84524.663.58$99,796
Apr 2002028,03623.653.51$98,471
Mar 2002030,11922.003.10$93,451
Feb 2002020,28718.222.38$48,195
Jan 2002031,37917.172.38$74,546
Dec 2001042,64416.932.36$100,827
Nov 2001048,89018.072.41$117,606
Oct 2001037,66019.782.53$95,238
Sep 2001035,20424.262.25$79,255
Aug 2001048,69324.873.05$148,668
Jul 2001757,09623.933.20$182,708
Jun 2001044,17624.563.82$168,936
May 2001055,90925.524.31$240,818
Apr 2001056,03824.685.34$298,981
Mar 2001064,04624.545.38$344,339
Feb 20010027.755.77$0
Jan 2001074,64827.478.40$626,951
Dec 2000075,17226.889.12$685,757
Nov 2000078,84132.215.66$446,082
Oct 2000085,74731.235.15$441,211
Sep 2000084,38031.875.19$437,637
Aug 2000092,71229.644.54$420,982
Jul 20000100,10128.534.09$409,388
Jun 20000104,19129.304.40$458,154
May 20000117,00027.263.68$430,531
Apr 20000120,97424.513.12$376,955
Mar 20000135,13928.422.86$386,464
Feb 20000140,25527.622.73$382,405
Jan 20000151,78525.272.48$376,503
Dec 19990179,44924.282.42$434,934
Nov 19990192,27223.192.43$467,988
Oct 19990220,38820.982.80$617,904
Sep 19990254,63221.752.62$666,843
Aug 19998313,09019.262.88$900,476
Jul 19997308,58417.892.37$732,201
Jun 19990389,59915.942.36$920,272
May 19990520,44615.792.32$1,207,966
Apr 199910620,24515.102.21$1,369,683
Mar 199919908,14012.471.84$1,669,698

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                2,998 Mcf  × $  3.05 =     $9,131

────────────────────────────────────────────────────
Month total                                   $9,131

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/175403 is the state's own key, not one this site invented.