WEST RICHARDS 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 242512District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$36.8 M
Nov 2007 – May 2026
Value, last 12 filed months
$331 k
at the published price for each month
Months reported
223
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 Gas112009-06-12189809
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
CondensateDisposition239 bbl$19,717
GasProduction6,588,886 Mcf$36,770,641
Total$36,790,358

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 30.5308, -95.8546. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.53078, -95.85463 · 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
14,325 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 14,325 ft.

Completions filed
Nov 2007
1 of 1 wells

1 well

42-185307201H14,325 ftNov 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 (223)

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

223 months

May 202607,350106.413.05$22,387
Apr 202607,52198.932.87$21,583
Mar 202605,72189.753.15$18,018
Feb 202606,32763.503.75$23,728
Jan 202608,50759.138.00$68,038
Dec 202507,09456.664.41$31,308
Nov 202517,70958.593.93$30,328
Oct 202506,59259.383.30$21,786
Sep 202506,92562.743.08$21,308
Aug 202508,49263.933.01$25,601
Jul 202508,48666.743.32$28,133
Jun 202505,87766.483.13$18,387
May 202505,65960.553.23$18,292
Apr 202506,16562.363.54$21,843
Mar 202505,47867.704.27$23,382
Feb 202505,66170.884.34$24,574
Jan 202506,82474.324.28$29,198
Dec 202407,84968.993.12$24,500
Nov 2024010,14969.052.20$22,312
Oct 2024010,53471.372.28$24,032
Sep 2024010,29169.612.36$24,332
Aug 2024410,65475.632.06$22,288
Jul 2024010,79279.932.15$23,166
Jun 2024110,85378.082.63$28,665
May 2024110,33378.812.20$22,795
Apr 2024010,52284.451.66$17,458
Mar 2024010,09880.301.55$15,603
Feb 2024110,25176.091.78$18,360
Jan 2024010,63273.023.30$35,061
Dec 2023010,82071.262.61$28,248
Nov 2023110,52977.892.81$29,639
Oct 2023110,97885.443.09$33,978
Sep 2023010,81589.042.74$29,579
Aug 2023010,91180.522.67$29,164
Jul 2023011,32374.852.64$29,913
Jun 2023011,06868.962.26$24,997
May 2023011,79870.622.23$26,279
Apr 2023010,04978.122.24$22,487
Mar 2023011,36472.852.39$27,196
Feb 2023210,47775.112.47$25,983
Jan 2023011,81876.533.39$40,036
Dec 2022011,95376.415.73$68,480
Nov 2022011,69085.005.65$66,004
Oct 2022011,38387.185.86$66,747
Sep 2022011,30184.888.16$92,258
Aug 2022011,70394.529.13$106,815
Jul 2022011,914101.587.54$89,856
Jun 2022111,523115.097.98$92,036
May 2022012,013109.378.43$101,306
Apr 2022111,623104.226.84$79,578
Mar 2022012,081108.885.08$61,328
Feb 2022111,25591.054.86$54,777
Jan 2022012,34181.844.54$56,000
Dec 2021011,77371.323.90$45,904
Nov 2021111,86177.435.24$62,192
Oct 2021112,34879.795.71$70,635
Sep 2021112,02769.865.35$64,425
Aug 2021012,54266.024.22$52,935
Jul 2021012,59170.783.98$50,138
Jun 2021012,25269.493.38$41,419
May 2021012,73363.483.02$38,424
Apr 2021012,60260.362.76$34,762
Mar 2021013,33661.302.72$36,233
Feb 2021010,08157.805.55$55,929
Jan 2021012,88250.412.81$36,202
Dec 2020012,99244.642.68$34,760
Nov 2020012,69238.772.71$34,352
Oct 2020012,71236.972.48$31,506
Sep 2020012,64137.091.99$25,169
Aug 2020013,19639.982.39$31,474
Jul 2020013,28238.371.83$24,241
Jun 2020012,91934.901.69$21,837
May 2020013,41316.921.81$24,341
Apr 2020111,96114.751.80$21,597
Mar 2020013,19030.341.86$24,484
Feb 2020012,60149.881.98$24,958
Jan 2020013,54857.252.09$28,380
Dec 2019013,66259.012.30$31,482
Nov 2019013,29955.302.75$36,582
Oct 2019013,72153.472.42$33,185
Sep 2019013,44455.052.66$35,724
Aug 2019013,92753.112.30$32,093
Jul 2019014,73756.272.46$36,254
Jun 2019012,55852.782.49$31,284
May 2019014,04958.482.74$38,499
Apr 2019013,89062.632.75$38,207
Mar 2019014,43456.803.06$44,198
Feb 2019013,42650.852.79$37,488
Jan 2019013,37446.033.23$43,174
Dec 2018014,68246.594.19$61,451
Nov 2018014,31152.934.24$60,639
Oct 2018014,73761.443.40$50,078
Sep 2018014,45559.543.11$44,926
Aug 2018015,12959.403.07$46,394
Jul 2018015,32865.142.93$44,940
Jun 2018015,63060.183.08$48,092
May 2018014,60665.382.90$42,369
Apr 2018015,08363.842.90$43,753
Mar 2018015,83161.222.79$44,118
Feb 2018014,64761.782.77$40,515
Jan 2018014,93962.874.01$59,895
Dec 2017015,88857.272.92$46,417
Nov 2017015,33555.423.12$47,820
Oct 2017015,92749.292.98$47,521
Sep 2017016,54747.523.09$51,085
Aug 2017014,83145.373.00$44,558
Jul 2017015,53943.873.09$47,973
Jun 2017015,22142.493.09$46,991
May 2017016,06245.373.26$52,417
Apr 2017015,72247.933.21$50,493
Mar 2017015,75946.772.98$47,020
Feb 2017014,30050.452.95$42,222
Jan 2017016,71449.413.42$57,142
Dec 2016015,73948.763.72$58,594
Nov 2016015,95242.492.64$42,183
Oct 2016016,41746.193.09$50,733
Sep 2016016,27841.553.10$50,472
Aug 2016016,72141.442.92$48,898
Jul 2016017,48441.622.92$51,129
Jun 2016016,67245.352.69$44,778
May 2016017,58842.521.99$35,018
Apr 2016017,01736.561.99$33,882
Mar 2016017,64633.011.79$31,657
Feb 2016017,03026.472.06$35,144
Jan 2016018,30127.352.36$43,270
Dec 2015019,54832.362.00$39,124
Nov 2015016,33738.792.17$35,408
Oct 2015019,83243.552.43$48,124
Sep 2015018,86142.992.76$52,027
Aug 2015019,62940.162.87$56,384
Jul 2015018,41848.152.95$54,242
Jun 2015018,52356.152.88$53,399
May 2015018,47755.212.96$54,608
Apr 2015020,36949.822.71$55,130
Mar 2015019,70242.892.93$57,820
Feb 2015020,79544.662.98$61,890
Jan 2015021,34543.433.10$66,183
Dec 2014018,73154.693.59$67,270
Nov 2014017,88670.464.25$76,048
Oct 2014021,42578.303.90$83,578
Sep 2014020,86386.164.05$84,400
Aug 2014020,73389.394.04$83,660
Jul 2014021,66996.564.18$90,568
Jun 2014022,07898.164.74$104,581
May 2014023,58794.734.73$111,485
Apr 2014021,81695.944.81$104,916
Mar 2014019,78695.895.06$100,054
Feb 2014018,26897.406.19$113,115
Jan 2014020,21190.404.86$98,240
Dec 2013021,06191.824.35$91,710
Nov 2013019,95488.853.74$74,594
Oct 2013021,71197.423.78$82,054
Sep 2013121,847104.113.72$81,326
Aug 2013022,987104.253.52$80,974
Jul 2013123,302102.523.72$86,733
Jun 2013020,20094.403.93$79,455
May 2013118,13094.834.15$75,318
Apr 2013118,20893.964.28$78,071
Mar 2013119,72193.623.91$77,259
Feb 2013114,82291.233.42$50,781
Jan 2013223,63891.603.42$81,023
Dec 2012123,34586.773.42$79,930
Nov 2012223,83086.953.62$86,557
Oct 2012025,52589.383.40$86,777
Sep 2012024,41194.672.92$71,241
Aug 2012226,01492.662.91$75,838
Jul 2012127,77885.133.02$83,997
Jun 2012126,60779.822.52$67,104
May 2012027,51891.612.49$68,474
Apr 2012126,256101.652.00$52,530
Mar 2012128,748105.052.22$63,985
Feb 2012328,562101.102.57$73,714
Jan 2012432,37098.092.73$88,895
Dec 2011231,25696.873.24$101,455
Nov 2011528,26795.723.31$94,079
Oct 2011130,44584.983.65$111,165
Sep 2011226,11483.623.99$104,252
Aug 2011235,64883.404.15$148,082
Jul 2011033,51594.144.52$151,395
Jun 2011130,38892.904.64$141,090
May 2011128,93398.134.40$127,543
Apr 2011232,154105.964.33$139,544
Mar 2011331,68296.364.06$128,834
Feb 2011226,49385.644.18$110,911
Jan 2011334,80486.504.59$159,967
Dec 2010232,91885.734.35$143,291
Nov 2010338,67380.843.80$147,019
Oct 2010340,88478.103.51$143,692
Sep 2010241,39272.633.98$164,863
Aug 2010337,34973.684.42$165,280
Jul 2010241,90572.554.74$198,628
Jun 2010343,15670.364.91$212,124
May 2010547,31071.124.24$200,724
Apr 2010120,68681.694.12$85,364
Mar 2010424,76078.394.39$108,977
Feb 2010240,44773.585.44$220,274
Jan 2010247,95374.365.96$286,145
Dec 2009152,34971.445.48$287,140
Nov 2009057,09174.593.75$214,177
Oct 2009151,26872.544.11$210,797
Sep 2009156,89265.543.06$174,425
Aug 2009043,56367.423.22$140,208
Jul 2009461,89661.133.46$214,683
Jun 2009660,27666.163.90$235,172
May 20091765,53554.743.93$258,205
Apr 2009361,86546.773.59$222,081
Mar 20091074,41142.144.06$302,456
Feb 2009468,61732.814.63$318,034
Jan 20091083,18435.865.37$447,140
Dec 2008282,09337.105.98$490,756
Nov 2008490,22155.496.86$619,171
Oct 2008696,76775.246.92$670,271
Sep 20084106,806101.767.88$841,728
Aug 20088108,544114.228.48$921,695
Jul 20087138,712131.0811.39$1,580,768
Jun 20086158,831131.3313.03$2,070,774
May 200813213,675123.1711.57$2,474,738
Apr 20086198,038110.3110.45$2,071,121
Mar 20084143,013101.909.66$1,382,495
Feb 20085104,89892.538.77$920,479
Jan 20089284,94390.388.21$2,338,979
Dec 20079514,30588.337.30$3,756,235
Nov 20070189,68791.677.29$1,383,141

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                7,350 Mcf  × $  3.05 =    $22,387

────────────────────────────────────────────────────
Month total                                  $22,387

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/242512 is the state's own key, not one this site invented.