THOMAS 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 214746District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.8 M
Dec 2005 – May 2026
Value, last 12 filed months
$69 k
at the published price for each month
Months reported
246
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 Gas112006-07-28167695
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
CondensateDisposition70 bbl$5,501
GasProduction1,662,015 Mcf$9,778,916
Total$9,784,417

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 30.5122, -95.8461. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.51224, -95.84614 · 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
14,500 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 14,500 ft.

Completions filed
Dec 2005
1 of 1 wells

1 well

42-185307011H14,500 ftDec 2005

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 (246)

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

246 months

May 202601,636106.413.05$4,983
Apr 202601,64398.932.87$4,715
Mar 202601,73989.753.15$5,477
Feb 2026096163.503.75$3,604
Jan 202601,59259.138.00$12,733
Dec 202501,51056.664.41$6,664
Nov 202501,63258.593.93$6,408
Oct 202501,56259.383.30$5,162
Sep 202501,51162.743.08$4,649
Aug 202501,46863.933.01$4,426
Jul 202501,57166.743.32$5,208
Jun 202501,52466.483.13$4,768
May 202501,54360.553.23$4,987
Apr 202501,67262.363.54$5,924
Mar 202501,52167.704.27$6,492
Feb 202501,53670.884.34$6,668
Jan 202501,74774.324.28$7,475
Dec 202401,56268.993.12$4,876
Nov 202401,58869.052.20$3,491
Oct 202401,61271.372.28$3,678
Sep 202401,60169.612.36$3,785
Aug 202401,74975.632.06$3,609
Jul 202402,01079.932.15$4,315
Jun 202401,59278.082.63$4,193
May 202401,36578.812.20$3,001
Apr 202401,69184.451.66$2,806
Mar 202402,41680.301.55$3,733
Feb 2024015276.091.78$271
Jan 202401,06573.023.30$3,512
Dec 202301,69771.262.61$4,430
Nov 202301,51677.892.81$4,256
Oct 202301,52385.443.09$4,702
Sep 202301,67189.042.74$4,570
Aug 202301,58980.522.67$4,247
Jul 202301,61874.852.64$4,274
Jun 202301,68368.962.26$3,801
May 202301,75170.622.23$3,900
Apr 202301,73178.122.24$3,874
Mar 202302,18172.852.39$5,219
Feb 202301,71775.112.47$4,234
Jan 202301,21976.533.39$4,130
Dec 202201,70876.415.73$9,785
Nov 202201,78785.005.65$10,090
Oct 202202,14087.185.86$12,548
Sep 202201,85184.888.16$15,111
Aug 202201,81194.529.13$16,529
Jul 202201,842101.587.54$13,893
Jun 202201,939115.097.98$15,468
May 202201,855109.378.43$15,643
Apr 202201,970104.226.84$13,470
Mar 202202,100108.885.08$10,660
Feb 202201,88891.054.86$9,173
Jan 202202,12581.844.54$9,643
Dec 202102,08671.323.90$8,134
Nov 202102,01477.435.24$10,547
Oct 202102,11479.795.71$12,079
Sep 202101,91069.865.35$10,220
Aug 202102,11666.024.22$8,931
Jul 202102,00170.783.98$7,968
Jun 202102,26669.493.38$7,660
May 202102,14263.483.02$6,464
Apr 202102,08360.362.76$5,746
Mar 202102,27261.302.72$6,173
Feb 202101,80057.805.55$9,986
Jan 202102,16750.412.81$6,090
Dec 202002,15844.642.68$5,774
Nov 202002,12738.772.71$5,757
Oct 202002,05736.972.48$5,098
Sep 202002,24037.091.99$4,460
Aug 202002,14539.982.39$5,116
Jul 202002,25338.371.83$4,112
Jun 202002,14834.901.69$3,631
May 202002,20916.921.81$4,009
Apr 202002,26114.751.80$4,080
Mar 202002,54430.341.86$4,722
Feb 202001,83449.881.98$3,633
Jan 202002,27057.252.09$4,755
Dec 201902,20459.012.30$5,079
Nov 201902,25955.302.75$6,214
Oct 201902,23453.472.42$5,403
Sep 201902,21755.052.66$5,891
Aug 201902,32153.112.30$5,348
Jul 201902,60056.272.46$6,396
Jun 201902,22552.782.49$5,543
May 201902,32458.482.74$6,369
Apr 201902,15462.632.75$5,925
Mar 201902,19156.803.06$6,709
Feb 201902,15950.852.79$6,028
Jan 201902,22546.033.23$7,183
Dec 201802,24346.594.19$9,388
Nov 201802,27852.934.24$9,652
Oct 201802,38861.443.40$8,115
Sep 201802,35059.543.11$7,304
Aug 201802,44059.403.07$7,482
Jul 201802,37165.142.93$6,951
Jun 201802,62260.183.08$8,068
May 201802,61865.382.90$7,594
Apr 201802,50563.842.90$7,267
Mar 201802,61561.222.79$7,288
Feb 201802,42461.782.77$6,705
Jan 201802,25062.874.01$9,021
Dec 201702,43657.272.92$7,117
Nov 201702,30255.423.12$7,178
Oct 201702,64249.292.98$7,883
Sep 201702,87647.523.09$8,879
Aug 201702,66445.373.00$8,004
Jul 201702,95943.873.09$9,135
Jun 201702,61242.493.09$8,064
May 201702,97745.373.26$9,715
Apr 201702,58547.933.21$8,302
Mar 201702,74246.772.98$8,181
Feb 201702,33650.452.95$6,897
Jan 201702,83849.413.42$9,703
Dec 201602,25548.763.72$8,395
Nov 201602,51042.492.64$6,637
Oct 201602,72946.193.09$8,433
Sep 201602,56741.553.10$7,959
Aug 201602,78041.442.92$8,130
Jul 201602,43541.622.92$7,121
Jun 201602,41345.352.69$6,481
May 201602,47842.521.99$4,934
Apr 201601,88536.561.99$3,753
Mar 201603,03433.011.79$5,443
Feb 201604,68026.472.06$9,658
Jan 201604,20427.352.36$9,940
Dec 201504,63232.362.00$9,271
Nov 201505,93338.792.17$12,859
Oct 201504,08143.552.43$9,903
Sep 201503,92542.992.76$10,827
Aug 201504,99640.162.87$14,351
Jul 201504,45348.152.95$13,114
Jun 201504,33656.152.88$12,500
May 201504,96155.212.96$14,662
Apr 201503,93449.822.71$10,648
Mar 201504,58242.892.93$13,447
Feb 201504,41444.662.98$13,137
Jan 201505,18743.433.10$16,083
Dec 201404,73654.693.59$17,009
Nov 201406,30370.464.25$26,799
Oct 201404,87578.303.90$19,017
Sep 201405,07086.164.05$20,510
Aug 201404,37089.394.04$17,633
Jul 201405,32196.564.18$22,240
Jun 201403,17798.164.74$15,049
May 201404,65894.734.73$22,016
Apr 201403,57695.944.81$17,197
Mar 201405,65495.895.06$28,591
Feb 201405,59697.406.19$34,650
Jan 201404,74690.404.86$23,069
Dec 201305,61891.824.35$24,463
Nov 201304,19688.853.74$15,686
Oct 201303,71597.423.78$14,040
Sep 201303,202104.113.72$11,904
Aug 201302,528104.253.52$8,905
Jul 201303,794102.523.72$14,105
Jun 201303,56594.403.93$14,023
May 201303,58594.834.15$14,874
Apr 201314,97993.964.28$21,417
Mar 201305,36893.623.91$21,004
Feb 201305,60791.233.42$19,175
Jan 201305,94991.603.42$20,345
Dec 201205,01486.773.42$17,149
Nov 201204,23786.953.62$15,359
Oct 201204,97189.383.40$16,900
Sep 201205,86894.672.92$17,125
Aug 201217,00192.662.91$20,453
Jul 201217,12385.133.02$21,602
Jun 201219,03779.822.52$22,844
May 201206,98691.612.49$17,383
Apr 201202,468101.652.00$4,928
Mar 201202,097105.052.22$4,660
Feb 201201,637101.102.57$4,207
Jan 201201,54298.092.73$4,216
Dec 2011082496.873.24$2,670
Nov 201115,11595.723.31$17,033
Oct 201104,61884.983.65$16,849
Sep 201115,32583.623.99$21,308
Aug 201105,12683.404.15$21,269
Jul 201105,72194.144.52$25,843
Jun 201105,55792.904.64$25,784
May 201115,64098.134.40$24,941
Apr 201115,661105.964.33$24,637
Mar 201106,06396.364.06$24,600
Feb 201104,85585.644.18$20,294
Jan 201116,12786.504.59$28,202
Dec 201016,10385.734.35$26,620
Nov 201005,95580.843.80$22,601
Oct 201016,62578.103.51$23,325
Sep 201006,74072.633.98$26,822
Aug 201016,80773.684.42$30,156
Jul 201016,74272.554.74$32,006
Jun 201016,75870.364.91$33,255
May 201017,00971.124.24$29,756
Apr 201017,06681.694.12$29,213
Mar 201017,76178.394.39$34,139
Feb 201007,15673.585.44$38,946
Jan 201017,29474.365.96$43,576
Dec 200917,74371.445.48$42,532
Nov 200907,52974.593.75$28,245
Oct 200917,76972.544.11$32,005
Sep 200917,66265.543.06$23,548
Aug 200908,17167.423.22$26,298
Jul 200918,58661.133.46$29,807
Jun 200928,64966.163.90$33,820
May 200948,68554.743.93$34,314
Apr 200919,28646.773.59$33,360
Mar 200909,43442.144.06$38,293
Feb 200918,00032.814.63$37,097
Jan 2009310,37435.865.37$55,826
Dec 2008110,67137.105.98$63,819
Nov 200818,63855.496.86$59,315
Oct 200839,07275.246.92$63,022
Sep 2008210,498101.767.88$82,897
Aug 200819,991114.228.48$84,868
Jul 2008112,004131.0811.39$136,850
Jun 2008110,593131.3313.03$138,186
May 2008111,913123.1711.57$138,008
Apr 2008112,144110.3110.45$127,074
Mar 2008612,571101.909.66$122,098
Feb 2008312,59792.538.77$110,761
Jan 2008111,63090.388.21$95,523
Dec 2007115,61488.337.30$114,101
Nov 2007214,41391.677.29$105,279
Oct 2007215,98582.856.92$110,814
Sep 2007114,68875.846.24$91,790
Aug 2007116,07469.066.39$102,749
Jul 2007218,79770.906.39$120,216
Jun 2007116,75662.007.55$126,544
May 2007114,24558.747.85$111,829
Apr 2007117,94859.617.81$140,147
Mar 2007217,21356.927.30$125,803
Feb 2007118,29755.108.22$150,383
Jan 2007021,88750.306.73$147,231
Dec 2006024,28356.656.92$168,000
Nov 2006020,60054.207.62$156,920
Oct 2006026,50554.906.01$159,396
Sep 2006029,12060.085.04$146,683
Aug 2006035,97268.717.34$264,032
Jul 2006046,31569.376.34$293,765
Jun 2006045,38366.286.38$289,720
May 2006042,28166.016.42$271,655
Apr 2006048,19164.397.36$354,709
Mar 2006062,22856.707.08$440,756
Feb 2006075,63457.597.75$586,248
Jan 20060133,04160.598.93$1,188,498
Dec 200509,02854.9413.42$121,114

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                1,636 Mcf  × $  3.05 =     $4,983

────────────────────────────────────────────────────
Month total                                   $4,983

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/214746 is the state's own key, not one this site invented.