ALBERS ET AL 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 199340District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.1 M
Nov 2003 – May 2026
Value, last 12 filed months
$50 k
at the published price for each month
Months reported
271
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 Gas112004-06-16157167
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
CondensateDisposition48,080 bbl$2,856,709
GasProduction942,603 Mcf$5,218,036
Total$8,074,746

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 29.9066, -96.7438. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.90663, -96.74382 · 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
no depth filed
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.

Completions filed
Nov 2003
1 of 1 wells

1 well

42-149331302Nov 2003

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 (271)

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

271 months

May 20260557106.413.05$1,697
Apr 2026048398.932.87$1,386
Mar 2026057889.753.15$1,820
Feb 2026144263.503.75$1,721
Jan 202618562059.138.00$15,898
Dec 2025064756.664.41$2,855
Nov 2025063558.593.93$2,493
Oct 2025067859.383.30$2,241
Sep 2025057262.743.08$1,760
Aug 202518062763.933.01$13,398
Jul 2025063666.743.32$2,108
Jun 2025068966.483.13$2,156
May 2025069760.553.23$2,253
Apr 202518962662.363.54$14,004
Mar 2025065767.704.27$2,804
Feb 2025154570.884.34$2,437
Jan 2025050974.324.28$2,178
Dec 2024052668.993.12$1,642
Nov 202417951869.052.20$13,499
Oct 2024456171.372.28$1,565
Sep 2024156469.612.36$1,403
Aug 2024062175.632.06$1,282
Jul 202416661079.932.15$14,578
Jun 2024173178.082.63$2,004
May 202411,01578.812.20$2,310
Apr 202419280284.451.66$17,545
Mar 2024086880.301.55$1,341
Feb 2024078776.091.78$1,404
Jan 2024081373.023.30$2,681
Dec 202317280071.262.61$14,345
Nov 2023079877.892.81$2,240
Oct 2023085785.443.09$2,646
Sep 2023083289.042.74$2,276
Aug 202317683780.522.67$16,409
Jul 2023081974.852.64$2,164
Jun 202319381068.962.26$15,139
May 2023087470.622.23$1,947
Apr 2023084878.122.24$1,898
Mar 2023089072.852.39$2,130
Feb 2023177675.112.47$1,988
Jan 202318477376.533.39$16,700
Dec 2022073576.415.73$4,211
Nov 2022263685.005.65$3,761
Oct 2022066187.185.86$3,876
Sep 202218261284.888.16$20,444
Aug 2022159094.529.13$5,480
Jul 20220598101.587.54$4,510
Jun 20220453115.097.98$3,614
May 2022189573109.378.43$25,503
Apr 20221635104.226.84$4,446
Mar 20220721108.885.08$3,660
Feb 202219559091.054.86$20,621
Jan 2022172581.844.54$3,372
Dec 2021080871.323.90$3,150
Nov 202119482977.435.24$19,363
Oct 2021068779.795.71$3,925
Sep 2021064969.865.35$3,473
Aug 202118971966.024.22$15,512
Jul 2021086370.783.98$3,437
Jun 202119086869.493.38$16,137
May 2021092263.483.02$2,782
Apr 202101,14760.362.76$3,164
Mar 20211921,25361.302.72$15,174
Feb 20211951,06657.805.55$17,185
Jan 202101,88950.412.81$5,309
Dec 20203442,98044.642.68$23,329
Nov 20201903,36338.772.71$16,468
Oct 20200036.972.48$0
Sep 202001,13737.091.99$2,264
Aug 20201831,81139.982.39$11,636
Jul 2020056238.371.83$1,026
Jun 202001,13234.901.69$1,913
May 20201671,38416.921.81$5,337
Apr 20208889414.751.80$2,911
Mar 202016578430.341.86$6,461
Feb 2020082849.881.98$1,640
Jan 2020098657.252.09$2,065
Dec 20191621,06459.012.30$12,011
Nov 201901,09455.302.75$3,009
Oct 20191561,23853.472.42$11,335
Sep 201901,23355.052.66$3,276
Aug 20191681,89953.112.30$13,298
Jul 20191772,22156.272.46$15,424
Jun 20191842,14652.782.49$15,058
May 20191793,08358.482.74$18,916
Apr 2019072262.632.75$1,986
Mar 20193652,62856.803.06$28,779
Feb 201903,20450.852.79$8,946
Jan 20191801,16446.033.23$12,043
Dec 20181046.594.19$47
Nov 2018078452.934.24$3,322
Oct 20181923,11761.443.40$22,388
Sep 20181834,49259.543.11$24,857
Aug 201803,03959.403.07$9,319
Jul 20183524,63865.142.93$36,527
Jun 20181814,93360.183.08$26,071
May 20181782,33165.382.90$18,399
Apr 201802,30163.842.90$6,675
Mar 20181842,43261.222.79$18,042
Feb 201802,19661.782.77$6,074
Jan 20181722,46362.874.01$20,689
Dec 201702,48057.272.92$7,245
Nov 20171942,70455.423.12$19,184
Oct 20171933,09249.292.98$18,739
Sep 201702,95347.523.09$9,117
Aug 20171923,52345.373.00$19,296
Jul 201703,09043.873.09$9,540
Jun 20171783,36942.493.09$17,964
May 201703,62945.373.26$11,843
Apr 20171933,57547.933.21$20,732
Mar 201704,57646.772.98$13,653
Feb 20173856,19750.452.95$37,721
Jan 201701,69449.413.42$5,791
Dec 201602,06248.763.72$7,676
Nov 20161891,32442.492.64$11,532
Oct 201601,04446.193.09$3,226
Sep 20161852,17941.553.10$14,443
Aug 201602,39841.442.92$7,013
Jul 201601,73341.622.92$5,068
Jun 20161781,74945.352.69$12,770
May 201601,53742.521.99$3,060
Apr 20161891,36836.561.99$9,634
Mar 201601,61333.011.79$2,894
Feb 201601,88726.472.06$3,894
Jan 20161912,13927.352.36$10,281
Dec 201501,48032.362.00$2,962
Nov 20151892,10238.792.17$11,887
Oct 201502,65643.552.43$6,445
Sep 20151882,22442.992.76$14,217
Aug 201501,45940.162.87$4,191
Jul 20151872,54548.152.95$16,499
Jun 201501,77156.152.88$5,106
May 20151882,56955.212.96$17,972
Apr 201501,48449.822.71$4,017
Mar 20151902,27542.892.93$14,826
Feb 201501,91444.662.98$5,696
Jan 20151902,05143.433.10$14,611
Dec 201401,69854.693.59$6,098
Nov 20141862,20270.464.25$22,468
Oct 201402,48178.303.90$9,678
Sep 20141924,68386.164.05$35,488
Aug 20141885,00789.394.04$37,009
Jul 20141904,05296.564.18$35,282
Jun 20141895,06098.164.74$42,521
May 201402,96894.734.73$14,028
Apr 20141892,93795.944.81$32,257
Mar 201403,22395.895.06$16,298
Feb 20141972,09597.406.19$32,160
Jan 20141924,00390.404.86$36,814
Dec 20131945,26391.824.35$40,731
Nov 20131895,04088.853.74$35,634
Oct 20131814,58197.423.78$34,946
Sep 20131833,107104.113.72$30,603
Aug 201302,463104.253.52$8,676
Jul 201301,728102.523.72$6,424
Jun 20131851,51194.403.93$23,407
May 201301,53294.834.15$6,356
Apr 20131871,45193.964.28$23,785
Mar 201301,50693.623.91$5,893
Feb 201301,33991.233.42$4,579
Jan 20131961,42291.603.42$22,817
Dec 201201,41286.773.42$4,829
Nov 201201,37586.953.62$4,984
Oct 20121781,43089.383.40$20,771
Sep 201201,45494.672.92$4,243
Aug 201201,36692.662.91$3,973
Jul 2012401,52885.133.02$8,021
Jun 20121831,50879.822.52$18,406
May 201201,63191.612.49$4,058
Apr 20121791,626101.652.00$21,442
Mar 201201,832105.052.22$4,071
Feb 20121911,833101.102.57$24,021
Jan 201202,17198.092.73$5,936
Dec 20111962,96496.873.24$28,589
Nov 20111954,69295.723.31$34,202
Oct 20111955,13884.983.65$35,317
Sep 20113835,20483.623.99$52,769
Aug 201103,72683.404.15$15,460
Jul 201119292194.144.52$22,235
Jun 201102,39592.904.64$11,113
May 20111942,63498.134.40$30,640
Apr 20111944,021105.964.33$37,980
Mar 201104,02196.364.06$16,315
Feb 20111953,42185.644.18$31,000
Jan 20113916,13086.504.59$61,951
Dec 201003,28085.734.35$14,261
Nov 20101933,47380.843.80$28,783
Oct 20101943,32278.103.51$26,808
Sep 20101932,82172.633.98$25,244
Aug 201002,96873.684.42$13,117
Jul 20101923,36072.554.74$29,844
Jun 20101933,58470.364.91$31,178
May 20101916,18771.124.24$39,787
Apr 20101935,09781.694.12$36,780
Mar 20101962,50278.394.39$26,345
Feb 201002,56173.585.44$13,938
Jan 20101963,06274.365.96$32,837
Dec 20091964,14071.445.48$36,705
Nov 20091954,39974.593.75$31,048
Oct 20091894,56972.544.11$32,490
Sep 20091924,45165.543.06$26,225
Aug 20091924,58867.423.22$27,711
Jul 20091924,57861.133.46$27,597
Jun 20091904,46866.163.90$29,973
May 20091954,92554.743.93$30,009
Apr 20091964,99446.773.59$27,083
Mar 20091975,01042.144.06$28,637
Feb 20091984,04132.814.63$25,218
Jan 20091964,84635.865.37$33,056
Dec 20081994,82437.105.98$36,217
Nov 20081984,72955.496.86$43,430
Oct 20083905,23275.246.92$65,559
Sep 20081944,772101.767.88$57,331
Aug 20081975,308114.228.48$67,529
Jul 20081935,389131.0811.39$86,676
Jun 20083865,229131.3313.03$118,841
May 20081924,011123.1711.57$70,073
Apr 20080395110.3110.45$4,130
Mar 20080100101.909.66$966
Feb 20081964,24292.538.77$55,341
Jan 20081985,80890.388.21$65,554
Dec 20071973,25388.337.30$41,154
Nov 20073435,40491.677.29$70,847
Oct 20071995,52282.856.92$54,710
Sep 20075777,28075.846.24$89,217
Aug 20073857,20069.066.39$72,581
Jul 20071946,99570.906.39$58,438
Jun 20073906,02462.007.55$69,652
May 20073846,52358.747.85$73,737
Apr 20075927,06859.617.81$90,456
Mar 20074057,46356.927.30$77,547
Feb 20074006,40655.108.22$74,672
Jan 20071953,22350.306.73$31,489
Dec 20061945,39856.656.92$48,336
Nov 20061845,58854.207.62$52,539
Oct 20061946,47754.906.01$49,602
Sep 20063826,96260.085.04$58,020
Aug 20061836,25268.717.34$58,463
Jul 20063626,90569.376.34$68,909
Jun 20063706,41666.286.38$65,483
May 20063756,84866.016.42$68,752
Apr 20061946,99764.397.36$63,993
Mar 20063787,07256.707.08$71,523
Feb 20063756,68657.597.75$73,420
Jan 20063517,82060.598.93$91,126
Dec 20053917,95754.9413.42$128,228
Nov 20053667,00454.6910.59$94,178
Oct 20055108,23758.3413.80$143,389
Sep 20053457,49561.4512.08$111,732
Aug 20055127,73961.519.80$107,311
Jul 20053577,82955.697.84$81,289
Jun 20055437,68752.337.38$85,153
May 20053667,20945.226.65$64,499
Apr 20055507,78549.207.36$84,361
Mar 20055368,24850.377.15$86,012
Feb 20053547,08245.226.31$60,709
Jan 20055519,20543.166.32$81,977
Dec 20045559,93039.866.75$89,161
Nov 200467010,48245.286.33$96,693
Oct 200462011,00349.706.52$102,500
Sep 200471511,65043.245.28$92,474
Aug 200471313,17242.375.55$103,323
Jul 200483011,73938.286.08$103,195
Jun 200489614,56136.106.43$126,017
May 20041,10616,49337.486.49$148,568
Apr 20041,10217,72834.475.86$141,845
Mar 20045507,67834.365.53$61,358
Feb 200474012,80732.455.51$94,575
Jan 20041,13322,23732.036.30$176,375
Dec 20032,20350,32930.266.30$383,818
Nov 20030028.804.60$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             0 bbl  × $106.41 =         $0
Gas                  557 Mcf  × $  3.05 =     $1,697

────────────────────────────────────────────────────
Month total                                   $1,697

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/199340 is the state's own key, not one this site invented.