KRAUSE-O.L. 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 201427District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.8 M
Jan 2004 – May 2026
Value, last 12 filed months
$37 k
at the published price for each month
Months reported
269
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 Gas112004-07-07158074
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
CondensateDisposition18,290 bbl$979,454
GasProduction966,468 Mcf$5,784,768
Total$6,764,222

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 30.0824, -96.6765. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.08240, -96.67649 · 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
12,158 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 12,158 ft.

Completions filed
Jan 2004
1 of 1 wells

1 well

42-14933132212,158 ftJan 2004

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 (269)

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

269 months

May 20260380106.413.05$1,157
Apr 2026036398.932.87$1,042
Mar 2026038389.753.15$1,206
Feb 2026038663.503.75$1,448
Jan 2026043359.138.00$3,463
Dec 2025043056.664.41$1,898
Nov 2025047858.593.93$1,877
Oct 2025056659.383.30$1,871
Sep 2025383362.743.08$2,751
Aug 2025089263.933.01$2,689
Jul 2025088966.743.32$2,947
Jun 202518688466.483.13$15,131
May 2025190660.553.23$2,989
Apr 2025087262.363.54$3,090
Mar 2025091467.704.27$3,901
Feb 2025081070.884.34$3,516
Jan 2025090474.324.28$3,868
Dec 2024096668.993.12$3,015
Nov 2024058169.052.20$1,277
Oct 2024032771.372.28$746
Sep 2024039469.612.36$932
Aug 2024057975.632.06$1,195
Jul 2024046079.932.15$987
Jun 2024058978.082.63$1,551
May 2024076078.812.20$1,671
Apr 202418868684.451.66$17,015
Mar 2024688380.301.55$1,846
Feb 202411,36376.091.78$2,507
Jan 202411,33373.023.30$4,469
Dec 202332,14171.262.61$5,803
Nov 2023059477.892.81$1,668
Oct 2023047885.443.09$1,476
Sep 202303589.042.74$96
Aug 2023028280.522.67$754
Jul 2023022974.852.64$605
Jun 2023084768.962.26$1,913
May 20230070.622.23$0
Apr 202302178.122.24$47
Mar 2023210372.852.39$392
Feb 202318490575.112.47$16,052
Jan 2023022976.533.39$776
Dec 2022366176.415.73$4,016
Nov 2022076685.005.65$4,325
Oct 2022349587.185.86$3,164
Sep 2022753784.888.16$4,978
Aug 2022562094.529.13$6,131
Jul 2022191871101.587.54$25,971
Jun 2022121,065115.097.98$9,877
May 20223995109.378.43$8,719
Apr 202211,364104.226.84$9,431
Mar 202251,111108.885.08$6,184
Feb 202271,24391.054.86$6,677
Jan 20221931,14681.844.54$20,995
Dec 202121,12171.323.90$4,514
Nov 2021101,42277.435.24$8,221
Oct 202101,56379.795.71$8,931
Sep 2021972,35869.865.35$19,394
Aug 202102,84066.024.22$11,986
Jul 2021026370.783.98$1,047
Jun 2021052869.493.38$1,785
May 202102263.483.02$66
Apr 202101,72660.362.76$4,761
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 202001,17334.901.69$1,983
May 20200016.921.81$0
Apr 202019047414.751.80$3,658
Mar 202001,13330.341.86$2,103
Feb 202001,54549.881.98$3,060
Jan 202001,48257.252.09$3,104
Dec 201901,24759.012.30$2,874
Nov 2019097555.302.75$2,682
Oct 201901,16753.472.42$2,822
Sep 20190455.052.66$11
Aug 2019153853.112.30$1,293
Jul 2019080656.272.46$1,983
Jun 2019013552.782.49$336
May 201902858.482.74$77
Apr 20190062.632.75$0
Mar 201901,79456.803.06$5,493
Feb 201901,83050.852.79$5,110
Jan 201902,26346.033.23$7,305
Dec 201802,46246.594.19$10,305
Nov 201812,60052.934.24$11,070
Oct 201802,90661.443.40$9,875
Sep 201801,66959.543.11$5,187
Aug 201813,30359.403.07$10,188
Jul 201804,45765.142.93$13,067
Jun 201803,41460.183.08$10,505
May 201801,87165.382.90$5,427
Apr 20181703,04963.842.90$19,697
Mar 201851,78561.222.79$5,281
Feb 2018289461.782.77$2,596
Jan 2018097662.874.01$3,913
Dec 2017093957.272.92$2,743
Nov 201701,00655.423.12$3,137
Oct 201721,01649.292.98$3,130
Sep 201701,09947.523.09$3,393
Aug 201701,07445.373.00$3,227
Jul 201701,23543.873.09$3,813
Jun 20171891,31242.493.09$12,081
May 201701,69545.373.26$5,531
Apr 201702,20247.933.21$7,072
Mar 20171931,61146.772.98$13,833
Feb 2017012650.452.95$372
Jan 2017028649.413.42$978
Dec 2016434348.763.72$1,472
Nov 2016031542.492.64$833
Oct 2016034246.193.09$1,057
Sep 2016037441.553.10$1,160
Aug 2016040941.442.92$1,196
Jul 2016045141.622.92$1,319
Jun 2016044845.352.69$1,203
May 20162651942.521.99$2,139
Apr 2016055736.561.99$1,109
Mar 2016062133.011.79$1,114
Feb 2016061826.472.06$1,275
Jan 2016069027.352.36$1,631
Dec 2015072732.362.00$1,455
Nov 2015080738.792.17$1,749
Oct 2015090643.552.43$2,198
Sep 2015092742.992.76$2,557
Aug 201501,02540.162.87$2,944
Jul 201501,28348.152.95$3,779
Jun 201501,33456.152.88$3,846
May 201501,38455.212.96$4,090
Apr 201501,47049.822.71$3,979
Mar 201501,58742.892.93$4,657
Feb 20151871,49744.662.98$12,807
Jan 201501,26543.433.10$3,922
Dec 201401,20454.693.59$4,324
Nov 201401,17470.464.25$4,992
Oct 201401,15778.303.90$4,513
Sep 201401,18886.164.05$4,806
Aug 201401,22889.394.04$4,955
Jul 20141921,28396.564.18$23,902
Jun 201401,34298.164.74$6,357
May 2014098194.734.73$4,637
Apr 201401,21295.944.81$5,829
Mar 201401,24995.895.06$6,316
Feb 201401,13497.406.19$7,022
Jan 201401,21590.404.86$5,906
Dec 201301,17591.824.35$5,117
Nov 201301,22588.853.74$4,579
Oct 20131811,34797.423.78$22,724
Sep 201301,355104.113.72$5,038
Aug 201301,441104.253.52$5,076
Jul 201301,525102.523.72$5,670
Jun 201301,44594.403.93$5,684
May 201301,50994.834.15$6,261
Apr 20131781,38093.964.28$22,635
Mar 201301,40993.623.91$5,513
Feb 201301,28491.233.42$4,391
Jan 201301,45291.603.42$4,966
Dec 201201,45686.773.42$4,980
Nov 201201,56586.953.62$5,673
Oct 20121791,19089.383.40$20,045
Sep 201201,39494.672.92$4,068
Aug 201201,43592.662.91$4,173
Jul 201201,43985.133.02$4,347
Jun 201201,40579.822.52$3,539
May 201201,68991.612.49$4,203
Apr 20121932,459101.652.00$24,529
Mar 20120742105.052.22$1,649
Feb 20120846101.102.57$2,174
Jan 2012090898.092.73$2,483
Dec 201101,05696.873.24$3,421
Nov 201101,08995.723.31$3,606
Oct 201101,25984.983.65$4,594
Sep 201101,45783.623.99$5,807
Aug 201101,63483.404.15$6,780
Jul 20111781,62994.144.52$24,116
Jun 201101,59592.904.64$7,401
May 201101,67798.134.40$7,387
Apr 201101,667105.964.33$7,224
Mar 20111951,72896.364.06$25,801
Feb 201101,48885.644.18$6,220
Jan 201101,85586.504.59$8,512
Dec 201001,85085.734.35$8,043
Nov 201001,70180.843.80$6,456
Oct 201001,88078.103.51$6,597
Sep 20101881,44172.633.98$19,389
Aug 201001,90473.684.42$8,414
Jul 201001,82272.554.74$8,630
Jun 201001,82970.364.91$8,981
May 201001,92371.124.24$8,144
Apr 201001,90681.694.12$7,858
Mar 20101992,07478.394.39$24,702
Feb 201001,96573.585.44$10,694
Jan 201002,14674.365.96$12,799
Dec 200902,18071.445.48$11,955
Nov 200902,23874.593.75$8,396
Oct 20091922,16472.544.11$22,822
Sep 200901,76665.543.06$5,412
Aug 200901,87467.423.22$6,031
Jul 200901,44261.133.46$4,996
Jun 200902,15766.163.90$8,402
May 200902,58654.743.93$10,152
Apr 20091932,37946.773.59$17,561
Mar 200902,37942.144.06$9,656
Feb 200902,22532.814.63$10,308
Jan 200902,53535.865.37$13,615
Dec 20081912,62637.105.98$22,782
Nov 200802,72755.496.86$18,708
Oct 200802,98875.246.92$20,683
Sep 20081632,637101.767.88$37,359
Aug 200802,976114.228.48$25,245
Jul 20081933,119131.0811.39$60,822
Jun 200803,104131.3313.03$40,453
May 200803,512123.1711.57$40,649
Apr 20081953,686110.3110.45$60,047
Mar 200804,078101.909.66$39,410
Feb 200803,22892.538.77$28,311
Jan 200803,67490.388.21$30,148
Dec 20071984,22988.337.30$48,369
Nov 200704,51491.677.29$32,915
Oct 20071944,89782.856.92$49,970
Sep 200705,23475.846.24$32,682
Aug 20071925,49169.066.39$48,336
Jul 2007105,39970.906.39$35,197
Jun 20072005,26462.007.55$52,135
May 20071965,41258.747.85$53,977
Apr 2007125,07759.617.81$40,342
Mar 200713,25656.927.30$23,832
Feb 20072022,71655.108.22$33,445
Jan 200713,50850.306.73$23,648
Dec 200604,21956.656.92$29,189
Nov 20061885,01454.207.62$48,384
Oct 200645,50454.906.01$33,320
Sep 20061865,73460.085.04$40,058
Aug 200626,41668.717.34$47,230
Jul 20061796,79169.376.34$55,491
Jun 20061956,89066.286.38$56,910
May 20061888,33766.016.42$65,975
Apr 20061838,28564.397.36$72,765
Mar 20061889,40856.707.08$77,296
Feb 200617510,25657.597.75$89,574
Jan 200618713,43760.598.93$131,367
Dec 200519416,09754.9413.42$226,606
Nov 200543817,16054.6910.59$205,651
Oct 2005019358.3413.80$2,663
Sep 200513,01761.4512.08$36,504
Aug 20051546,57361.519.80$73,867
Jul 20051627,06055.697.84$64,398
Jun 20051657,32852.337.38$62,723
May 20053537,19745.226.65$63,831
Apr 200558,84049.207.36$65,313
Mar 20053759,22950.377.15$84,921
Feb 20051818,89845.226.31$64,348
Jan 200516910,96543.166.32$76,617
Dec 200434212,03939.866.75$94,908
Nov 200431713,16345.286.33$97,681
Oct 200427715,94649.706.52$117,657
Sep 200433517,42043.245.28$106,531
Aug 200452621,25442.375.55$140,260
Jul 200449824,90338.286.08$170,578
Jun 200449628,11436.106.43$198,764
May 200472835,02837.486.49$254,778
Apr 200475244,29834.475.86$285,440
Mar 20041,10563,19934.365.53$387,467
Feb 20042,216107,20232.455.51$662,551
Jan 200472555,45532.036.30$372,568

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                  380 Mcf  × $  3.05 =     $1,157

────────────────────────────────────────────────────
Month total                                   $1,157

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/201427 is the state's own key, not one this site invented.