PENICK

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 193972District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.7 M
Dec 2002 – May 2026
Value, last 12 filed months
$33 k
at the published price for each month
Months reported
282
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 Gas112003-05-27151518
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
CondensateDisposition64,665 bbl$3,029,613
GasProduction2,652,179 Mcf$15,673,556
Total$18,703,169

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 29.9347, -96.8974. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.93472, -96.89738 · 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
10,690 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 10,690 ft.

Completions filed
Dec 2002
1 of 1 wells

1 well

42-149326561RE10,690 ftDec 2002

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 (282)

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

282 months

May 20260675106.413.05$2,056
Apr 2026058798.932.87$1,685
Mar 2026032189.753.15$1,011
Feb 2026073863.503.75$2,768
Jan 2026085359.138.00$6,822
Dec 2025085556.664.41$3,773
Nov 2025080358.593.93$3,153
Oct 2025079059.383.30$2,611
Sep 2025072962.743.08$2,243
Aug 2025072163.933.01$2,174
Jul 2025070766.743.32$2,344
Jun 2025079966.483.13$2,500
May 2025084860.553.23$2,741
Apr 202514585862.363.54$12,082
Mar 2025085267.704.27$3,637
Feb 2025075070.884.34$3,256
Jan 20250074.324.28$0
Dec 2024054668.993.12$1,704
Nov 202401,04569.052.20$2,297
Oct 202401,05571.372.28$2,407
Sep 202401,02269.612.36$2,416
Aug 202401,11375.632.06$2,297
Jul 2024040379.932.15$865
Jun 2024069678.082.63$1,833
May 2024094078.812.20$2,067
Apr 2024014384.451.66$237
Mar 2024053880.301.55$831
Feb 202401,14076.091.78$2,033
Jan 2024050873.023.30$1,675
Dec 2023113871.262.61$432
Nov 2023059377.892.81$1,665
Oct 202301,51085.443.09$4,662
Sep 2023362,39289.042.74$9,748
Aug 202312,41880.522.67$6,544
Jul 202301,97474.852.64$5,215
Jun 202318446468.962.26$13,737
May 2023088070.622.23$1,960
Apr 2023098378.122.24$2,200
Mar 2023094572.852.39$2,262
Feb 2023089975.112.47$2,217
Jan 202302,30576.533.39$7,809
Dec 202201,97876.415.73$11,332
Nov 202202,70885.005.65$15,290
Oct 2022094487.185.86$5,535
Sep 2022050184.888.16$4,090
Aug 2022098294.529.13$8,963
Jul 20221881,265101.587.54$28,638
Jun 202201,594115.097.98$12,716
May 202201,542109.378.43$13,004
Apr 20220766104.226.84$5,238
Mar 20220122108.885.08$619
Feb 202207191.054.86$345
Jan 2022054481.844.54$2,469
Dec 2021054871.323.90$2,137
Nov 2021073077.435.24$3,823
Oct 2021070479.795.71$4,023
Sep 2021047169.865.35$2,520
Aug 202101,25866.024.22$5,310
Jul 202101,48370.783.98$5,905
Jun 20211231,26269.493.38$12,814
May 202101,79963.483.02$5,429
Apr 2021070060.362.76$1,931
Mar 202101,57661.302.72$4,282
Feb 20211841,28657.805.55$17,770
Jan 202103,07750.412.81$8,647
Dec 2020084044.642.68$2,247
Nov 2020027538.772.71$744
Oct 2020059636.972.48$1,477
Sep 202001,29737.091.99$2,582
Aug 202019069639.982.39$9,256
Jul 202001,00838.371.83$1,840
Jun 2020095834.901.69$1,619
May 202002,75816.921.81$5,005
Apr 20201755,36814.751.80$12,267
Mar 202003,23930.341.86$6,012
Feb 202002,67649.881.98$5,300
Jan 202003,21857.252.09$6,741
Dec 201902,45559.012.30$5,657
Nov 2019014555.302.75$399
Oct 2019022553.472.42$544
Sep 2019031055.052.66$824
Aug 201901,16253.112.30$2,678
Jul 201916774156.272.46$11,220
Jun 201901,47952.782.49$3,684
May 2019058158.482.74$1,592
Apr 2019056862.632.75$1,562
Mar 2019046756.803.06$1,430
Feb 2019021750.852.79$606
Jan 2019028046.033.23$904
Dec 201801,17846.594.19$4,930
Nov 201801,57852.934.24$6,686
Oct 20181761,86561.443.40$17,151
Sep 201802,42759.543.11$7,543
Aug 201802,23059.403.07$6,838
Jul 201802,60365.142.93$7,632
Jun 201802,34260.183.08$7,206
May 20181792,63765.382.90$19,352
Apr 201802,57163.842.90$7,458
Mar 201802,78361.222.79$7,756
Feb 201802,73661.782.77$7,568
Jan 20181913,24062.874.01$24,998
Dec 201704,29757.272.92$12,554
Nov 2017016055.423.12$499
Oct 201701,22449.292.98$3,652
Sep 201701,41647.523.09$4,372
Aug 201702,46645.373.00$7,409
Jul 201702,31643.873.09$7,150
Jun 20171922,57742.493.09$16,114
May 201702,62345.373.26$8,560
Apr 201702,63547.933.21$8,463
Mar 201702,89046.772.98$8,623
Feb 20171932,65350.452.95$17,570
Jan 201703,08549.413.42$10,547
Dec 201602,57848.763.72$9,597
Nov 20161882,73342.492.64$15,215
Oct 201602,61646.193.09$8,084
Sep 201602,50841.553.10$7,776
Aug 201602,38541.442.92$6,975
Jul 201602,88141.622.92$8,425
Jun 201602,26945.352.69$6,094
May 20161912,61242.521.99$13,322
Apr 201602,64736.561.99$5,270
Mar 201602,40333.011.79$4,311
Feb 201602,37226.472.06$4,895
Jan 20161872,99227.352.36$12,189
Dec 201503,37332.362.00$6,751
Nov 201503,20038.792.17$6,935
Oct 20151813,87343.552.43$17,281
Sep 201503,90542.992.76$10,772
Aug 20151833,99840.162.87$18,834
Jul 201504,51548.152.95$13,297
Jun 20151894,96656.152.88$24,929
May 201501,48055.212.96$4,374
Apr 201503,20749.822.71$8,680
Mar 201503,26742.892.93$9,588
Feb 20151832,72044.662.98$16,268
Jan 201502,70043.433.10$8,372
Dec 201402,85754.693.59$10,261
Nov 201403,62670.464.25$15,417
Oct 20141923,85878.303.90$30,084
Sep 201403,99886.164.05$16,174
Aug 201403,92289.394.04$15,826
Jul 20141813,98296.564.18$34,121
Jun 20141894,55298.164.74$40,115
May 201404,72394.734.73$22,324
Apr 20141974,78895.944.81$41,926
Mar 201405,09595.895.06$25,764
Feb 201403,98297.406.19$24,657
Jan 20141955,24890.404.86$43,137
Dec 201304,44291.824.35$19,343
Nov 20131902,77288.853.74$27,244
Oct 201304,42497.423.78$16,720
Sep 20131924,791104.113.72$37,801
Aug 201305,874104.253.52$20,692
Jul 20131804,494102.523.72$35,161
Jun 201304,61694.403.93$18,157
May 201304,85294.834.15$20,131
Apr 20131802,92493.964.28$29,435
Mar 201304,49993.623.91$17,604
Feb 20131954,62691.233.42$33,610
Jan 20131965,58191.603.42$37,040
Dec 201206,36286.773.42$21,759
Nov 201202,29686.953.62$8,323
Oct 201203,87489.383.40$13,170
Sep 20121814,12694.672.92$29,177
Aug 201204,05692.662.91$11,796
Jul 20121934,56585.133.02$30,220
Jun 201204,47679.822.52$11,275
May 20121934,73291.612.49$29,455
Apr 20121825,111101.652.00$28,706
Mar 201205,256105.052.22$11,679
Feb 20121814,952101.102.57$31,027
Jan 20121964,80898.092.73$32,371
Dec 201105,50296.873.24$17,825
Nov 20111905,34995.723.31$35,899
Oct 20111955,72284.983.65$37,448
Sep 20111935,62383.623.99$38,551
Aug 201106,16283.404.15$25,568
Jul 20111936,16194.144.52$46,000
Jun 201105,26792.904.64$24,438
May 20111945,78598.134.40$44,519
Apr 201105,655105.964.33$24,505
Mar 20111866,06496.364.06$42,527
Feb 20111954,73485.644.18$36,488
Jan 201104,53386.504.59$20,801
Dec 201004,51785.734.35$19,639
Nov 20101944,44180.843.80$32,538
Oct 201005,29778.103.51$18,587
Sep 201005,44472.633.98$21,664
Aug 20101916,25373.684.42$41,707
Jul 201004,86172.554.74$23,024
Jun 201004,76670.364.91$23,403
May 20101915,78771.124.24$38,093
Apr 201003,89881.694.12$16,070
Mar 201005,72478.394.39$25,121
Feb 20101954,21873.585.44$37,304
Jan 201005,26674.365.96$31,407
Dec 20091945,48971.445.48$43,960
Nov 200904,13874.593.75$15,524
Oct 200904,74672.544.11$19,507
Sep 200904,87165.543.06$14,928
Aug 20091891,64767.423.22$18,043
Jul 200906,76261.133.46$23,427
Jun 20091927,33566.163.90$41,273
May 20091978,59554.743.93$44,526
Apr 20091949,50846.773.59$43,183
Mar 200939211,65642.144.06$63,831
Feb 20091757,11232.814.63$38,692
Jan 20091966,90735.865.37$44,126
Dec 20081878,00237.105.98$54,767
Nov 20081788,57555.496.86$68,705
Oct 20083808,99375.246.92$90,841
Sep 20081948,897101.767.88$89,824
Aug 20081947,710114.228.48$87,563
Jul 20081929,666131.0811.39$135,258
Jun 20081938,991131.3313.03$142,523
May 20081959,704123.1711.57$136,335
Apr 20083929,437110.3110.45$141,904
Mar 20081969,703101.909.66$113,743
Feb 20081968,49592.538.77$92,642
Jan 200839611,64090.388.21$131,305
Dec 20071968,76788.337.30$81,329
Nov 200719510,94291.677.29$97,661
Oct 20071959,13482.856.92$79,381
Sep 200738711,61975.846.24$101,901
Aug 200738410,84969.066.39$95,822
Jul 200719611,02270.906.39$84,304
Jun 200738410,40562.007.55$102,350
May 200738713,22058.747.85$126,460
Apr 200719510,36959.617.81$92,556
Mar 200738614,04956.927.30$124,557
Feb 200739610,80555.108.22$110,593
Jan 200739313,16250.306.73$108,307
Dec 200638612,50256.656.92$108,361
Nov 200619013,51854.207.62$113,271
Oct 200637714,39554.906.01$107,266
Sep 200636914,79760.085.04$96,705
Aug 200637512,63568.717.34$118,506
Jul 200637214,00369.376.34$114,623
Jun 200636514,30066.286.38$115,482
May 200635815,07666.016.42$120,495
Apr 200636815,39364.397.36$136,995
Mar 200638317,09156.707.08$142,770
Feb 200655415,16657.597.75$149,458
Jan 200637816,84960.598.93$173,421
Dec 200536416,88354.9413.42$246,490
Nov 200553017,62054.6910.59$215,553
Oct 200552419,36958.3413.80$297,780
Sep 200532117,15661.4512.08$226,953
Aug 200549519,16561.519.80$218,204
Jul 200536621,31555.697.84$187,570
Jun 200551819,13552.337.38$168,343
May 200573321,94745.226.65$179,119
Apr 200537120,62349.207.36$170,048
Mar 200554823,15750.377.15$193,288
Feb 200536621,76645.226.31$153,936
Jan 200572924,86443.166.32$188,659
Dec 200455725,49339.866.75$194,307
Nov 200447025,34845.286.33$181,745
Oct 200472928,62749.706.52$222,739
Sep 200472525,84443.245.28$167,906
Aug 200473131,19242.375.55$204,109
Jul 200453426,96038.286.08$184,471
Jun 200453029,83636.106.43$211,069
May 200473833,40737.486.49$244,625
Apr 200474033,85034.475.86$223,817
Mar 200473137,86634.365.53$234,521
Feb 200490837,69132.455.51$237,128
Jan 200493639,00632.036.30$275,704
Dec 200391743,60230.266.30$302,513
Nov 200393346,42928.804.60$240,219
Oct 20031,28351,53828.174.76$281,444
Sep 20031,08153,93826.314.75$284,612
Aug 20031,44160,75029.765.13$354,515
Jul 20031,28666,90229.415.17$383,761
Jun 20031,63171,26528.565.98$472,957
May 20031,63083,36426.595.97$541,248
Apr 20032,20794,19726.675.41$568,210
Mar 20032,595116,76631.146.10$792,619
Feb 20034,091128,86933.487.93$1,158,367
Jan 20036,387156,48930.315.58$1,067,118
Dec 20023,24150,39626.914.85$331,825

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                  675 Mcf  × $  3.05 =     $2,056

────────────────────────────────────────────────────
Month total                                   $2,056

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/193972 is the state's own key, not one this site invented.