SEALY

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 234653District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.3 M
May 2007 – May 2026
Value, last 12 filed months
$16 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 Gas112008-08-22182993
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
CondensateDisposition26,714 bbl$1,979,713
GasProduction1,548,363 Mcf$9,308,687
Total$11,288,399

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 30.3583, -96.3840. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.35825, -96.38400 · 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
12,232 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 12,232 ft.

Completions filed
May 2007
1 of 1 wells

1 well

42-051327761RE12,232 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 2026043106.413.05$131
Apr 2026013698.932.87$390
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202603259.138.00$256
Dec 20250056.664.41$0
Nov 20250958.593.93$35
Oct 2025072659.383.30$2,399
Sep 202501,00562.743.08$3,092
Aug 2025092563.933.01$2,789
Jul 202501,15566.743.32$3,829
Jun 202501,12166.483.13$3,507
May 202501,26460.553.23$4,086
Apr 202501,14462.363.54$4,053
Mar 202501,16467.704.27$4,968
Feb 202501,26570.884.34$5,491
Jan 2025051574.324.28$2,204
Dec 2024064068.993.12$1,998
Nov 202401,36169.052.20$2,992
Oct 202401,41871.372.28$3,235
Sep 202401,34969.612.36$3,190
Aug 202401,60775.632.06$3,316
Jul 202402,05879.932.15$4,418
Jun 202412,51778.082.63$6,708
May 202412,97778.812.20$6,624
Apr 20240084.451.66$0
Mar 202412,47680.301.55$3,906
Feb 20241801,97976.091.78$17,226
Jan 202402,28773.023.30$7,542
Dec 202312,84171.262.61$7,488
Nov 2023094477.892.81$2,650
Oct 202301,40085.443.09$4,322
Sep 202301,97089.042.74$5,388
Aug 202312,07380.522.67$5,621
Jul 20231812,31074.852.64$19,650
Jun 202301,02768.962.26$2,319
May 202301,55870.622.23$3,470
Apr 202301,37978.122.24$3,086
Mar 202302,18972.852.39$5,239
Feb 202302,03875.112.47$5,025
Jan 2023098676.533.39$3,340
Dec 202201,04576.415.73$5,987
Nov 202201,89885.005.65$10,716
Oct 202201,86687.185.86$10,942
Sep 202202,18484.888.16$17,829
Aug 202201,23194.529.13$11,236
Jul 202211,426101.587.54$10,857
Jun 202201,574115.097.98$12,556
May 202201,889109.378.43$15,930
Apr 20221152,040104.226.84$25,934
Mar 202201,074108.885.08$5,452
Feb 202201,48391.054.86$7,206
Jan 202211,70881.844.54$7,832
Dec 202101,80371.323.90$7,030
Nov 202101,76377.435.24$9,233
Oct 202101,87379.795.71$10,702
Sep 202101,96769.865.35$10,525
Aug 20211531,80066.024.22$17,698
Jul 202101,87170.783.98$7,450
Jun 202101,78969.493.38$6,048
May 202102,02863.483.02$6,120
Apr 202111,60560.362.76$4,488
Mar 202122,12461.302.72$5,893
Feb 20211881,48357.805.55$19,094
Jan 202122,10950.412.81$6,028
Dec 202011,78144.642.68$4,810
Nov 202001,87438.772.71$5,072
Oct 202021,94136.972.48$4,885
Sep 202022,05537.091.99$4,166
Aug 202012,11739.982.39$5,089
Jul 202042,06038.371.83$3,913
Jun 202012,45634.901.69$4,186
May 202011,31916.921.81$2,411
Apr 20201842,04314.751.80$6,400
Mar 202001,75030.341.86$3,248
Feb 202011,62349.881.98$3,265
Jan 202011,92357.252.09$4,085
Dec 201912,05159.012.30$4,785
Nov 201902,01655.302.75$5,545
Oct 201911,99253.472.42$4,871
Sep 201902,04155.052.66$5,424
Aug 20191772,20553.112.30$14,482
Jul 201912,04156.272.46$5,077
Jun 201911,96552.782.49$4,948
May 201901,82958.482.74$5,012
Apr 201912,11362.632.75$5,875
Mar 201912,38056.803.06$7,345
Feb 201911,95950.852.79$5,521
Jan 20191731,91346.033.23$14,139
Dec 201822,17246.594.19$9,184
Nov 201801,76752.934.24$7,487
Oct 201812,00261.443.40$6,864
Sep 201801,89959.543.11$5,902
Aug 201802,23059.403.07$6,838
Jul 201802,74065.142.93$8,033
Jun 20181822,49860.183.08$18,639
May 201812,45665.382.90$7,190
Apr 201802,34863.842.90$6,811
Mar 201812,48761.222.79$6,992
Feb 201812,24961.782.77$6,283
Jan 201832,68062.874.01$10,934
Dec 20171762,37857.272.92$17,027
Nov 201712,47155.423.12$7,761
Oct 201702,80249.292.98$8,360
Sep 201702,37647.523.09$7,335
Aug 201701,71445.373.00$5,150
Jul 201702,71043.873.09$8,367
Jun 201712,40742.493.09$7,474
May 20171692,72845.373.26$16,570
Apr 201742,39447.933.21$7,880
Mar 201702,68646.772.98$8,014
Feb 201712,43650.452.95$7,243
Jan 201712,77949.413.42$9,550
Dec 20161772,70048.763.72$18,682
Nov 201602,78942.492.64$7,375
Oct 201612,80846.193.09$8,724
Sep 201602,72541.553.10$8,449
Aug 201602,70341.442.92$7,904
Jul 201602,82941.622.92$8,273
Jun 20161622,91445.352.69$15,173
May 201632,69442.521.99$5,491
Apr 201612,43036.561.99$4,875
Mar 201602,62133.011.79$4,702
Feb 20161712,52526.472.06$9,737
Jan 201632,66127.352.36$6,374
Dec 201522,76032.362.00$5,589
Nov 201532,66338.792.17$5,888
Oct 201513,04943.552.43$7,442
Sep 20151813,61942.992.76$17,764
Aug 201501,18740.162.87$3,410
Jul 201502,63448.152.95$7,757
Jun 201502,87456.152.88$8,285
May 201502,38555.212.96$7,049
Apr 20151793,01149.822.71$17,067
Mar 201522,18442.892.93$6,495
Feb 201512,29944.662.98$6,887
Jan 201562,83143.433.10$9,038
Dec 20141792,89354.693.59$20,179
Nov 201422,90670.464.25$12,497
Oct 201423,07678.303.90$12,156
Sep 201422,97286.164.05$12,195
Aug 201413,21289.394.04$13,050
Jul 20141783,37596.564.18$31,294
Jun 201423,16498.164.74$15,184
May 201423,34294.734.73$15,986
Apr 201413,37595.944.81$16,327
Mar 20141922,61995.895.06$31,655
Feb 201423,06097.406.19$19,142
Jan 201443,79090.404.86$18,784
Dec 201322,91691.824.35$12,881
Nov 20131862,66888.853.74$26,500
Oct 201303,67797.423.78$13,897
Sep 201353,712104.113.72$14,321
Aug 201303,545104.253.52$12,488
Jul 20131883,902102.523.72$33,780
Jun 201314,00494.403.93$15,844
May 201324,44294.834.15$18,620
Apr 201312,47093.964.28$10,672
Mar 20131873,12893.623.91$29,746
Feb 201324,10291.233.42$14,211
Jan 201323,58991.603.42$12,457
Dec 20121894,25786.773.42$30,959
Nov 201214,34186.953.62$15,823
Oct 201234,03589.383.40$13,986
Sep 20121904,47894.672.92$31,056
Aug 201214,31492.662.91$12,638
Jul 201214,71185.133.02$14,316
Jun 20121914,67879.822.52$27,030
May 201234,74091.612.49$12,069
Apr 20121885,005101.652.00$29,104
Mar 201245,275105.052.22$12,142
Feb 20121845,122101.102.57$31,767
Jan 201225,83198.092.73$16,139
Dec 20111956,09396.873.24$38,629
Nov 201124,88295.723.31$16,357
Oct 201125,41384.983.65$19,920
Sep 20111913,01983.623.99$28,005
Aug 201123,89483.404.15$16,324
Jul 20111894,23894.144.52$36,937
Jun 201124,08392.904.64$19,130
May 201114,58498.134.40$20,290
Apr 20111744,520105.964.33$38,023
Mar 20111885,01396.364.06$38,455
Feb 201124,52385.644.18$19,077
Jan 20111904,74886.504.59$38,223
Dec 20101855,28785.734.35$38,847
Nov 201005,25080.843.80$19,925
Oct 20101875,49078.103.51$33,869
Sep 201005,84972.633.98$23,276
Aug 20101906,50673.684.42$42,752
Jul 20101866,90172.554.74$46,181
Jun 201036,36970.364.91$31,485
May 20101926,19571.124.24$39,892
Apr 20101873,78781.694.12$30,889
Mar 201035,81278.394.39$25,742
Feb 20101926,06973.585.44$47,157
Jan 20101856,47474.365.96$52,368
Dec 200937,57871.445.48$41,770
Nov 20091907,72974.593.75$43,167
Oct 20091918,89372.544.11$50,408
Sep 20091889,30065.543.06$40,824
Aug 200949,28867.423.22$30,163
Jul 200918510,27461.133.46$46,903
Jun 200919010,28566.163.90$52,630
May 200937611,18454.743.93$64,488
Apr 200918811,80346.773.59$51,136
Mar 200919212,24942.144.06$57,810
Feb 200919812,12532.814.63$62,672
Jan 200918713,88435.865.37$81,277
Dec 200819315,04037.105.98$97,056
Nov 200838815,49455.496.86$127,825
Oct 200819818,20775.246.92$140,926
Sep 200819716,702101.767.88$151,610
Aug 200837219,590114.228.48$208,672
Jul 200819922,546131.0811.39$282,871
Jun 200838823,501131.3313.03$357,236
May 200839526,604123.1711.57$356,575
Apr 200838827,389110.3110.45$329,148
Mar 200857530,225101.909.66$350,689
Feb 200838532,51692.538.77$320,808
Jan 200859037,45990.388.21$360,703
Dec 200756240,74388.337.30$347,146
Nov 200759446,00391.677.29$389,892
Oct 200797656,70982.856.92$473,400
Sep 200776567,96275.846.24$482,383
Aug 20071,52489,09569.066.39$674,381
Jul 20072,285108,64570.906.39$856,024
Jun 20073,900132,50962.007.55$1,242,038
May 20072,17972,83558.747.85$699,478

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                   43 Mcf  × $  3.05 =       $131

────────────────────────────────────────────────────
Month total                                     $131

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/234653 is the state's own key, not one this site invented.