RIO LOBO UNIT 2

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 203907District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.0 M
Apr 2004 – May 2026
Value, last 12 filed months
$254 k
at the published price for each month
Months reported
266
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 Gas112006-03-09166977
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
CondensateDisposition6,331 bbl$400,764
GasProduction353,648 Mcf$1,573,239
Total$1,974,003

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 30.0278, -96.6990. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.02779, -96.69904 · 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
12,322 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 12,322 ft.

Completions filed
Apr 2004
1 of 1 wells

1 well

42-14933134112,322 ftApr 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 (266)

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

266 months

May 202614,414106.413.05$13,551
Apr 202604,38898.932.87$12,592
Mar 20261884,58689.753.15$31,316
Feb 202604,21863.503.75$15,819
Jan 202604,68659.138.00$37,478
Dec 20251864,80556.664.41$31,745
Nov 202503,83158.593.93$15,042
Oct 202505,01359.383.30$16,567
Sep 202505,98362.743.08$18,409
Aug 20251776,17563.933.01$29,932
Jul 202505,07666.743.32$16,828
Jun 202504,80366.483.13$15,027
May 20251615,12260.553.23$26,304
Apr 202504,83862.363.54$17,142
Mar 202504,87367.704.27$20,800
Feb 202504,28070.884.34$18,579
Jan 20251934,67174.324.28$34,329
Dec 202404,90068.993.12$15,295
Nov 202404,79669.052.20$10,544
Oct 20241795,37171.372.28$25,029
Sep 202415,37869.612.36$12,785
Aug 202405,39475.632.06$11,131
Jul 20241875,56779.932.15$26,897
Jun 202405,30078.082.63$13,960
May 202405,87478.812.20$12,914
Apr 20241918,16284.451.66$29,672
Mar 202414,21880.301.55$6,598
Feb 202414,59376.091.78$8,268
Jan 20241826,16873.023.30$33,630
Dec 202306,80371.262.61$17,761
Nov 202325,68977.892.81$16,128
Oct 20231754,32985.443.09$28,317
Sep 202303,19689.042.74$8,741
Aug 202316,74480.522.67$18,106
Jul 20231816,28274.852.64$30,144
Jun 202305,76168.962.26$13,011
May 202314,72870.622.23$10,602
Apr 20231844,43078.122.24$24,287
Mar 202304,46572.852.39$10,685
Feb 2023031775.112.47$782
Jan 202301,20676.533.39$4,086
Dec 202211376.415.73$151
Nov 20220585.005.65$28
Oct 20220687.185.86$35
Sep 20220584.888.16$41
Aug 20220794.529.13$64
Jul 2022011101.587.54$83
Jun 2022013115.097.98$104
May 202205109.378.43$42
Apr 2022016104.226.84$109
Mar 2022083108.885.08$421
Feb 202201991.054.86$92
Jan 2022015681.844.54$708
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210379.795.71$17
Sep 20210369.865.35$16
Aug 20210266.024.22$8
Jul 20210470.783.98$16
Jun 202103269.493.38$108
May 20210363.483.02$9
Apr 2021042160.362.76$1,161
Mar 202101461.302.72$38
Feb 20210957.805.55$50
Jan 20210750.412.81$20
Dec 202001444.642.68$37
Nov 202001538.772.71$41
Oct 202002136.972.48$52
Sep 202001137.091.99$22
Aug 202004439.982.39$105
Jul 202002538.371.83$46
Jun 202004034.901.69$68
May 202001716.921.81$31
Apr 20200014.751.80$0
Mar 202002030.341.86$37
Feb 2020011949.881.98$236
Jan 202003757.252.09$78
Dec 2019010759.012.30$247
Nov 201907855.302.75$215
Oct 201916835953.472.42$9,851
Sep 2019021955.052.66$582
Aug 2019084853.112.30$1,954
Jul 2019087556.272.46$2,153
Jun 2019012352.782.49$306
May 2019031258.482.74$855
Apr 2019057562.632.75$1,582
Mar 201904556.803.06$138
Feb 2019015850.852.79$441
Jan 20190046.033.23$0
Dec 2018012246.594.19$511
Nov 201813452.934.24$197
Oct 201805061.443.40$170
Sep 2018022159.543.11$687
Aug 201803959.403.07$120
Jul 201835665.142.93$360
Jun 20181794960.183.08$10,923
May 201805465.382.90$157
Apr 201823463.842.90$226
Mar 2018216361.222.79$577
Feb 2018012461.782.77$343
Jan 2018217762.874.01$835
Dec 2017040957.272.92$1,195
Nov 2017064555.423.12$2,011
Oct 2017342449.292.98$1,413
Sep 201701047.523.09$31
Aug 201701345.373.00$39
Jul 201702143.873.09$65
Jun 201703042.493.09$93
May 201703245.373.26$104
Apr 201705047.933.21$161
Mar 201705446.772.98$161
Feb 201705750.452.95$168
Jan 2017010149.413.42$345
Dec 201607048.763.72$261
Nov 201604942.492.64$130
Oct 201607346.193.09$226
Sep 201609541.553.10$295
Aug 2016039641.442.92$1,158
Jul 201601641.622.92$47
Jun 201601445.352.69$38
May 201602242.521.99$44
Apr 201602436.561.99$48
Mar 201602733.011.79$48
Feb 201602926.472.06$60
Jan 20160627.352.36$14
Dec 201501532.362.00$30
Nov 201502038.792.17$43
Oct 201502943.552.43$70
Sep 201502642.992.76$72
Aug 20150440.162.87$11
Jul 201503148.152.95$91
Jun 201505656.152.88$161
May 201506355.212.96$186
Apr 201509249.822.71$249
Mar 2015010442.892.93$305
Feb 201509644.662.98$286
Jan 2015011243.433.10$347
Dec 2014011954.693.59$427
Nov 2014011670.464.25$493
Oct 2014017678.303.90$687
Sep 2014019586.164.05$789
Aug 2014027589.394.04$1,110
Jul 2014026096.564.18$1,087
Jun 2014017098.164.74$805
May 2014030094.734.73$1,418
Apr 2014030995.944.81$1,486
Mar 201402695.895.06$131
Feb 201402397.406.19$142
Jan 201401890.404.86$87
Dec 201304091.824.35$174
Nov 201301288.853.74$45
Oct 201301397.423.78$49
Sep 201302104.113.72$7
Aug 2013039104.253.52$137
Jul 201319264102.523.72$19,922
Jun 201306694.403.93$260
May 201306394.834.15$261
Apr 201306993.964.28$296
Mar 2013014193.623.91$552
Feb 201304691.233.42$157
Jan 201302891.603.42$96
Dec 2012013486.773.42$458
Nov 2012011686.953.62$421
Oct 2012011989.383.40$405
Sep 2012013894.672.92$403
Aug 2012028692.662.91$832
Jul 20120085.133.02$0
Jun 201206079.822.52$151
May 2012015791.612.49$391
Apr 20120168101.652.00$335
Mar 20120149105.052.22$331
Feb 20120185101.102.57$475
Jan 2012022498.092.73$612
Dec 2011026096.873.24$842
Nov 2011024895.723.31$821
Oct 2011030684.983.65$1,116
Sep 2011032783.623.99$1,303
Aug 2011031283.404.15$1,295
Jul 2011028894.144.52$1,301
Jun 2011032292.904.64$1,494
May 2011029998.134.40$1,317
Apr 20110280105.964.33$1,213
Mar 2011033096.364.06$1,339
Feb 201119828885.644.18$18,161
Jan 2011025986.504.59$1,188
Dec 2010021285.734.35$922
Nov 201007280.843.80$273
Oct 2010032278.103.51$1,130
Sep 2010013772.633.98$545
Aug 2010010173.684.42$446
Jul 2010012972.554.74$611
Jun 2010024270.364.91$1,188
May 2010032371.124.24$1,368
Apr 2010036481.694.12$1,501
Mar 2010039678.394.39$1,738
Feb 2010029873.585.44$1,622
Jan 2010029674.365.96$1,765
Dec 2009036471.445.48$1,996
Nov 2009045574.593.75$1,707
Oct 2009054772.544.11$2,248
Sep 2009032665.543.06$999
Aug 2009045767.423.22$1,471
Jul 200918545661.133.46$12,889
Jun 2009023766.163.90$923
May 2009062854.743.93$2,465
Apr 2009060246.773.59$2,160
Mar 2009044242.144.06$1,794
Feb 2009050232.814.63$2,326
Jan 2009062235.865.37$3,341
Dec 2008064437.105.98$3,849
Nov 2008055455.496.86$3,801
Oct 2008064375.246.92$4,451
Sep 2008171614101.767.88$22,237
Aug 20080680114.228.48$5,768
Jul 20080670131.0811.39$7,631
Jun 20080734131.3313.03$9,566
May 20080789123.1711.57$9,132
Apr 20080803110.3110.45$8,395
Mar 200801,038101.909.66$10,031
Feb 2008085592.538.77$7,499
Jan 200819628990.388.21$20,086
Dec 200701,00988.337.30$7,368
Nov 2007095491.677.29$6,956
Oct 2007097982.856.92$6,777
Sep 200701,11075.846.24$6,931
Aug 200701,09169.066.39$6,969
Jul 200711,04470.906.39$6,740
Jun 200711,04462.007.55$7,943
May 20071891,20858.747.85$20,580
Apr 200721,25359.617.81$9,899
Mar 200711,31156.927.30$9,630
Feb 200701,38255.108.22$11,355
Jan 2007077250.306.73$5,193
Dec 20061741,00456.656.92$16,803
Nov 200621,17254.207.62$9,036
Oct 200601,26254.906.01$7,589
Sep 2006060460.085.04$3,042
Aug 2006087768.717.34$6,437
Jul 20061831,73569.376.34$23,699
Jun 2006063866.286.38$4,073
May 200601,32766.016.42$8,526
Apr 2006083964.397.36$6,175
Mar 200611,70256.707.08$12,112
Feb 2006089857.597.75$6,961
Jan 20061871,75160.598.93$26,973
Dec 200501,01954.9413.42$13,670
Nov 2005042254.6910.59$4,468
Oct 200501,04558.3413.80$14,417
Sep 200511,84661.4512.08$22,359
Aug 20051641,15161.519.80$21,364
Jul 200511,78455.697.84$14,049
Jun 200522,26752.337.38$16,837
May 20051852,22245.226.65$23,145
Apr 200501,74549.207.36$12,844
Mar 200521,66250.377.15$11,992
Feb 20051391,36045.226.31$14,870
Jan 200522,78643.166.32$17,700
Dec 20041793,59139.866.75$31,378
Nov 20041593,32145.286.33$28,223
Oct 200404,19949.706.52$27,357
Sep 20041945,06243.245.28$35,136
Aug 20041836,73042.375.55$45,110
Jul 20041719,32238.286.08$63,263
Jun 200453014,24236.106.43$110,752
May 200418325,46837.486.49$172,263
Apr 20040034.475.86$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             1 bbl  × $106.41 =       $106
Gas                4,414 Mcf  × $  3.05 =    $13,444

────────────────────────────────────────────────────
Month total                                  $13,551

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/203907 is the state's own key, not one this site invented.