W.P.T.

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 229621District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$20.1 M
May 2007 – May 2026
Value, last 12 filed months
$189 k
at the published price for each month
Months reported
229
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 Gas112009-05-01189810
NGPA2none

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
CondensateDisposition12 bbl$1,102
GasProduction3,774,323 Mcf$20,061,791
Total$20,062,893

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 30.5114, -95.8130. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.51144, -95.81299 · 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
14,723 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 14,723 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-339310781H14,723 ftMay 2007

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 (229)

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

229 months

May 202613,484106.413.05$10,718
Apr 202603,85898.932.87$11,071
Mar 202604,13589.753.15$13,023
Feb 202603,95763.503.75$14,840
Jan 202604,64859.138.00$37,174
Dec 202504,20056.664.41$18,536
Nov 202503,52758.593.93$13,849
Oct 202504,18259.383.30$13,821
Sep 202504,33462.743.08$13,335
Aug 202504,36963.933.01$13,171
Jul 202504,67866.743.32$15,509
Jun 202504,56666.483.13$14,286
May 202505,15560.553.23$16,663
Apr 202505,15462.363.54$18,261
Mar 202505,08367.704.27$21,696
Feb 202506,04470.884.34$26,236
Jan 202505,42174.324.28$23,195
Dec 202403,40368.993.12$10,622
Nov 202401,12869.052.20$2,480
Oct 202404,48671.372.28$10,234
Sep 202403,97269.612.36$9,391
Aug 202404,73975.632.06$9,780
Jul 202404,16379.932.15$8,936
Jun 202404,78278.082.63$12,596
May 202404,14678.812.20$9,115
Apr 202404,77984.451.66$7,929
Mar 202405,73280.301.55$8,857
Feb 202405,65076.091.78$10,078
Jan 202405,16373.023.30$17,026
Dec 202305,30671.262.61$13,852
Nov 202305,42677.892.81$15,234
Oct 202305,09685.443.09$15,733
Sep 202305,33889.042.74$14,600
Aug 202305,33480.522.67$14,257
Jul 202305,41674.852.64$14,308
Jun 202304,69568.962.26$10,604
May 202305,47370.622.23$12,191
Apr 202305,37778.122.24$12,032
Mar 202305,96872.852.39$14,282
Feb 202305,48775.112.47$13,529
Jan 202306,30176.533.39$21,346
Dec 202205,80376.415.73$33,246
Nov 202205,96785.005.65$33,691
Oct 202206,41787.185.86$37,628
Sep 202206,26584.888.16$51,145
Aug 202206,34294.529.13$57,884
Jul 202206,627101.587.54$49,981
Jun 202206,455115.097.98$51,493
May 202206,566109.378.43$55,371
Apr 202216,463104.226.84$44,296
Mar 202206,780108.885.08$34,418
Feb 202205,99991.054.86$29,148
Jan 202206,44281.844.54$29,232
Dec 202116,81371.323.90$26,636
Nov 202106,72877.435.24$35,234
Oct 202106,96879.795.71$39,814
Sep 202116,60969.865.35$35,434
Aug 202107,02566.024.22$29,650
Jul 202107,17170.783.98$28,556
Jun 202107,13469.493.38$24,117
May 202107,27963.483.02$21,966
Apr 202107,23160.362.76$19,946
Mar 202107,54561.302.72$20,499
Feb 202105,48357.805.55$30,419
Jan 202106,71950.412.81$18,882
Dec 202007,53644.642.68$20,162
Nov 202007,34338.772.71$19,874
Oct 202007,23036.972.48$17,919
Sep 202007,33037.091.99$14,594
Aug 202007,67939.982.39$18,315
Jul 202007,80538.371.83$14,245
Jun 202007,61234.901.69$12,867
May 202007,73816.921.81$14,043
Apr 202007,76914.751.80$14,018
Mar 202007,75730.341.86$14,399
Feb 202006,92649.881.98$13,718
Jan 202008,06757.252.09$16,898
Dec 201908,06459.012.30$18,582
Nov 201907,34355.302.75$20,198
Oct 201908,18853.472.42$19,803
Sep 201908,04655.052.66$21,380
Aug 201909,12553.112.30$21,027
Jul 201908,05056.272.46$19,803
Jun 201906,83752.782.49$17,032
May 201908,08658.482.74$22,158
Apr 201907,94662.632.75$21,857
Mar 201908,51456.803.06$26,071
Feb 201907,52550.852.79$21,011
Jan 201908,14946.033.23$26,306
Dec 201808,31446.594.19$34,798
Nov 201808,60952.934.24$36,478
Oct 201808,95561.443.40$30,430
Sep 201808,72459.543.11$27,114
Aug 201809,13759.403.07$28,019
Jul 201809,17165.142.93$26,888
Jun 201809,24760.183.08$28,452
May 201808,72865.382.90$25,318
Apr 201809,06463.842.90$26,293
Mar 201809,24361.222.79$25,759
Feb 201808,60961.782.77$23,814
Jan 201809,12262.874.01$36,573
Dec 201709,35457.272.92$27,328
Nov 201709,45355.423.12$29,478
Oct 201709,86049.292.98$29,419
Sep 201709,38447.523.09$28,971
Aug 201708,58545.373.00$25,793
Jul 201708,80443.873.09$27,180
Jun 201708,64442.493.09$26,686
May 201708,69845.373.26$28,385
Apr 201708,95447.933.21$28,757
Mar 201708,62946.772.98$25,746
Feb 201708,39350.452.95$24,781
Jan 201708,41049.413.42$28,752
Dec 201608,82748.763.72$32,861
Nov 201608,43942.492.64$22,316
Oct 201609,34046.193.09$28,863
Sep 201609,01841.553.10$27,961
Aug 201609,37541.442.92$27,416
Jul 201609,44541.622.92$27,620
Jun 201609,52845.352.69$25,591
May 201609,38542.521.99$18,686
Apr 201609,59536.561.99$19,104
Mar 201609,59433.011.79$17,212
Feb 201609,25226.472.06$19,093
Jan 2016010,46027.352.36$24,731
Dec 2015010,38132.362.00$20,777
Nov 2015010,12738.792.17$21,949
Oct 2015010,61343.552.43$25,753
Sep 2015010,81442.992.76$29,830
Aug 2015011,31840.162.87$32,511
Jul 2015011,19648.152.95$32,973
Jun 2015011,45456.152.88$33,020
May 2015012,96355.212.96$38,312
Apr 2015013,97449.822.71$37,822
Mar 2015011,12842.892.93$32,657
Feb 201509,13344.662.98$27,182
Jan 201508,69243.433.10$26,951
Dec 2014010,40554.693.59$37,368
Nov 201409,71270.464.25$41,294
Oct 2014010,35478.303.90$40,391
Sep 2014010,55086.164.05$42,679
Aug 2014010,11689.394.04$40,819
Jul 2014011,17896.564.18$46,720
Jun 2014011,13498.164.74$52,740
May 2014011,74794.734.73$55,523
Apr 2014011,17095.944.81$53,718
Mar 2014010,47295.895.06$52,955
Feb 2014010,03697.406.19$62,143
Jan 2014011,33490.404.86$55,091
Dec 2013012,13991.824.35$52,859
Nov 2013011,64688.853.74$43,536
Oct 2013012,31197.423.78$46,528
Sep 2013112,584104.113.72$46,888
Aug 2013013,306104.253.52$46,872
Jul 2013113,320102.523.72$49,623
Jun 2013012,21294.403.93$48,035
May 2013013,35794.834.15$55,419
Apr 2013111,61193.964.28$49,819
Mar 2013010,51693.623.91$41,148
Feb 2013111,12191.233.42$38,124
Jan 2013112,51491.603.42$42,888
Dec 2012112,75386.773.42$43,704
Nov 2012114,17686.953.62$51,474
Oct 2012014,57889.383.40$49,561
Sep 2012014,09594.672.92$41,135
Aug 2012115,18592.662.91$44,253
Jul 2012015,28485.133.02$46,170
Jun 2012014,94779.822.52$37,652
May 2012015,41991.612.49$38,367
Apr 2012015,692101.652.00$31,334
Mar 2012016,421105.052.22$36,489
Feb 2012016,357101.102.57$42,041
Jan 2012016,67198.092.73$45,580
Dec 2011017,14496.873.24$55,542
Nov 2011015,79595.723.31$52,302
Oct 2011017,41284.983.65$63,528
Sep 2011013,63383.623.99$54,338
Aug 2011018,01383.404.15$74,742
Jul 2011017,39594.144.52$78,577
Jun 2011017,24092.904.64$79,992
May 2011017,45398.134.40$76,877
Apr 2011018,247105.964.33$79,069
Mar 2011019,13296.364.06$77,625
Feb 2011016,31085.644.18$68,175
Jan 2011019,09186.504.59$87,604
Dec 2010019,10485.734.35$83,059
Nov 2010020,45280.843.80$77,622
Oct 2010021,44078.103.51$75,231
Sep 2010020,76872.633.98$82,646
Aug 2010018,68873.684.42$82,589
Jul 2010021,06272.554.74$99,760
Jun 2010021,99370.364.91$107,994
May 2010023,24471.124.24$98,443
Apr 2010024,03581.694.12$99,089
Mar 2010026,14378.394.39$114,733
Feb 2010011,86873.585.44$64,590
Jan 2010025,76374.365.96$153,653
Dec 2009025,37571.445.48$139,150
Nov 2009026,34174.593.75$98,818
Oct 2009023,45372.544.11$96,398
Sep 2009027,37665.543.06$83,901
Aug 2009018,40967.423.22$59,249
Jul 2009031,08261.133.46$107,684
Jun 2009030,00666.163.90$116,873
May 2009030,53454.743.93$119,869
Apr 2009027,58546.773.59$98,961
Mar 2009033,81842.144.06$137,267
Feb 2009028,12732.814.63$130,312
Jan 2009034,68935.865.37$186,315
Dec 2008033,51637.105.98$200,330
Nov 2008033,33755.496.86$228,704
Oct 2008036,52375.246.92$252,811
Sep 2008036,421101.767.88$286,891
Aug 2008035,120114.228.48$297,924
Jul 2008043,064131.0811.39$490,474
Jun 2008044,411131.3313.03$578,792
May 2008049,270123.1711.57$570,265
Apr 2008050,804110.3110.45$531,149
Mar 2008041,357101.909.66$399,677
Feb 2008053,16792.538.77$466,305
Jan 2008063,89090.388.21$524,264
Dec 2007072,26488.337.30$527,670
Nov 2007078,11791.677.29$569,606
Oct 2007087,72282.856.92$607,210
Sep 20070103,71275.846.24$647,594
Aug 20070132,41569.066.39$845,859
Jul 20070170,57470.906.39$1,089,616
Jun 20070209,53162.007.55$1,581,634
May 20070146,67258.747.85$1,150,830

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                3,484 Mcf  × $  3.05 =    $10,612

────────────────────────────────────────────────────
Month total                                  $10,718

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/229621 is the state's own key, not one this site invented.