ROCKET

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 251199District 03Field 347335002 tax incentive programmesGasSaveExport
Value, all time
$7.7 M
Nov 2007 – May 2026
Value, last 12 filed months
$54 k
at the published price for each month
Months reported
223
no gaps in the span
Streams
1
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 Gas112009-10-15182190
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
GasProduction1,483,556 Mcf$7,743,658
Total$7,743,658

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 30.4590, -95.8713. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.45897, -95.87129 · 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
14,727 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 14,727 ft.

Completions filed
Nov 2007
1 of 1 wells

1 well

42-185307162H14,727 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 20261,096106.413.05$3,338
Apr 20261,05898.932.87$3,036
Mar 20261,10489.753.15$3,477
Feb 20261,01563.503.75$3,807
Jan 20261,12959.138.00$9,030
Dec 20251,15056.664.41$5,075
Nov 20251,11058.593.93$4,358
Oct 20251,11559.383.30$3,685
Sep 20251,10662.743.08$3,403
Aug 20251,15663.933.01$3,485
Jul 20251,18966.743.32$3,942
Jun 20252,44166.483.13$7,637
May 2025060.553.23$0
Apr 20251,06062.363.54$3,756
Mar 20251,22867.704.27$5,242
Feb 20251,12970.884.34$4,901
Jan 20251,32974.324.28$5,686
Dec 20241,04768.993.12$3,268
Nov 20241,10969.052.20$2,438
Oct 20241,16771.372.28$2,662
Sep 20241,14769.612.36$2,712
Aug 20241,16875.632.06$2,410
Jul 20241,17379.932.15$2,518
Jun 20241,14078.082.63$3,003
May 20241,19678.812.20$2,629
Apr 20241,18884.451.66$1,971
Mar 20241,26380.301.55$1,952
Feb 20241,22276.091.78$2,180
Jan 20241,26873.023.30$4,181
Dec 20231,24871.262.61$3,258
Nov 20231,20677.892.81$3,386
Oct 20231,27385.443.09$3,930
Sep 20231,27289.042.74$3,479
Aug 20231,25480.522.67$3,352
Jul 20231,32074.852.64$3,487
Jun 20231,29968.962.26$2,934
May 20231,30070.622.23$2,896
Apr 20231,16878.122.24$2,614
Mar 20231,30372.852.39$3,118
Feb 20231,17575.112.47$2,897
Jan 20231,28076.533.39$4,336
Dec 20221,29776.415.73$7,431
Nov 20221,28485.005.65$7,250
Oct 20221,33087.185.86$7,799
Sep 20221,27984.888.16$10,441
Aug 20221,33794.529.13$12,203
Jul 20221,364101.587.54$10,287
Jun 20221,336115.097.98$10,658
May 20221,369109.378.43$11,545
Apr 20221,339104.226.84$9,156
Mar 20221,400108.885.08$7,107
Feb 20221,30591.054.86$6,341
Jan 20221,45081.844.54$6,580
Dec 20211,46171.323.90$5,697
Nov 20211,45977.435.24$7,641
Oct 20211,54179.795.71$8,805
Sep 20211,52469.865.35$8,155
Aug 20211,54966.024.22$6,538
Jul 20211,54270.783.98$6,140
Jun 20211,59369.493.38$5,385
May 20211,77363.483.02$5,350
Apr 20211,55660.362.76$4,292
Mar 20211,70761.302.72$4,638
Feb 20211,51757.805.55$8,416
Jan 20211,67150.412.81$4,696
Dec 20201,70844.642.68$4,570
Nov 20201,68538.772.71$4,561
Oct 20201,75736.972.48$4,355
Sep 20201,61937.091.99$3,223
Aug 20201,62039.982.39$3,864
Jul 20201,67038.371.83$3,048
Jun 20201,91934.901.69$3,244
May 20201,89816.921.81$3,444
Apr 20202,32114.751.80$4,188
Mar 20202,68130.341.86$4,977
Feb 20201,22549.881.98$2,426
Jan 20201,50057.252.09$3,142
Dec 20191,61159.012.30$3,712
Nov 20191,45255.302.75$3,994
Oct 20191,92953.472.42$4,665
Sep 20192,12055.052.66$5,633
Aug 20192,12153.112.30$4,888
Jul 20192,36356.272.46$5,813
Jun 20192,39752.782.49$5,971
May 20193,97458.482.74$10,890
Apr 20193,72662.632.75$10,249
Mar 20192,04056.803.06$6,247
Feb 20192,02150.852.79$5,643
Jan 20192,03846.033.23$6,579
Dec 20182,10946.594.19$8,827
Nov 20182,07352.934.24$8,784
Oct 20182,00361.443.40$6,806
Sep 20182,13159.543.11$6,623
Aug 20182,48959.403.07$7,633
Jul 20182,08965.142.93$6,125
Jun 20182,27660.183.08$7,003
May 20181,85665.382.90$5,384
Apr 20182,28963.842.90$6,640
Mar 20182,75761.222.79$7,683
Feb 20182,16861.782.77$5,997
Jan 20182,12862.874.01$8,532
Dec 20172,16957.272.92$6,337
Nov 20172,44555.423.12$7,624
Oct 20173,72049.292.98$11,099
Sep 20172,59247.523.09$8,002
Aug 20174,01745.373.00$12,069
Jul 20172,36543.873.09$7,301
Jun 20173,09642.493.09$9,558
May 20172,46745.373.26$8,051
Apr 20172,67747.933.21$8,597
Mar 20172,68246.772.98$8,002
Feb 2017050.452.95$0
Jan 20172,91349.413.42$9,959
Dec 20163,08448.763.72$11,481
Nov 20163,27042.492.64$8,647
Oct 20163,85946.193.09$11,925
Sep 20165,51841.553.10$17,109
Aug 20165,43341.442.92$15,888
Jul 20161,79041.622.92$5,235
Jun 20162,75445.352.69$7,397
May 20166,74842.521.99$13,436
Apr 20162,36836.561.99$4,715
Mar 20161,77633.011.79$3,186
Feb 20162,19526.472.06$4,530
Jan 20163,07627.352.36$7,273
Dec 20153,15532.362.00$6,314
Nov 20153,25638.792.17$7,057
Oct 20155,87643.552.43$14,259
Sep 20155,90742.992.76$16,294
Aug 20152,58840.162.87$7,434
Jul 20153,10748.152.95$9,150
Jun 20154,51556.152.88$13,016
May 20154,52655.212.96$13,376
Apr 20155,20049.822.71$14,074
Mar 20156,12242.892.93$17,966
Feb 20155,24544.662.98$15,610
Jan 20154,49143.433.10$13,925
Dec 20145,74054.693.59$20,614
Nov 20143,30970.464.25$14,069
Oct 20145,45678.303.90$21,284
Sep 20144,35486.164.05$17,614
Aug 20144,77089.394.04$19,248
Jul 20146,39896.564.18$26,741
Jun 20145,54198.164.74$26,247
May 20144,20394.734.73$19,866
Apr 20142,83395.944.81$13,624
Mar 20146,73395.895.06$34,047
Feb 20147,71297.406.19$47,753
Jan 20145,53490.404.86$26,899
Dec 20137,30691.824.35$31,814
Nov 20138,19288.853.74$30,624
Oct 20132,06097.423.78$7,785
Sep 20133,424104.113.72$12,730
Aug 20134,148104.253.52$14,612
Jul 20134,930102.523.72$18,328
Jun 20134,83194.403.93$19,002
May 20133,63094.834.15$15,061
Apr 20134,02193.964.28$17,220
Mar 20133,80293.623.91$14,877
Feb 20134,38991.233.42$15,010
Jan 20137,08491.603.42$24,227
Dec 20124,56186.773.42$15,599
Nov 20125,47186.953.62$19,832
Oct 20124,70289.383.40$15,985
Sep 20125,61894.672.92$16,396
Aug 20126,60892.662.91$19,217
Jul 20129,01085.133.02$27,217
Jun 20123,43279.822.52$8,645
May 20126,35891.612.49$15,821
Apr 20124,433101.652.00$8,852
Mar 20125,614105.052.22$12,475
Feb 20126,539101.102.57$16,807
Jan 20128,91798.092.73$24,380
Dec 20115,40296.873.24$17,501
Nov 20116,32395.723.31$20,937
Oct 20117,74984.983.65$28,273
Sep 20117,96883.623.99$31,759
Aug 20119,56583.404.15$39,688
Jul 20119,46794.144.52$42,765
Jun 201110,11092.904.64$46,909
May 201111,01298.134.40$48,506
Apr 201111,372105.964.33$49,278
Mar 201114,27596.364.06$57,919
Feb 20115,27685.644.18$22,054
Jan 20117,37386.504.59$33,833
Dec 20107,84185.734.35$34,091
Nov 20109,03780.843.80$34,298
Oct 20109,28278.103.51$32,570
Sep 20109,34872.633.98$37,200
Aug 20107,44673.684.42$32,907
Jul 20108,39372.554.74$39,753
Jun 20109,35870.364.91$45,952
May 201010,80271.124.24$45,749
Apr 201010,55281.694.12$43,503
Mar 201012,83778.394.39$56,337
Feb 201011,40873.585.44$62,086
Jan 201014,28874.365.96$85,215
Dec 200914,96271.445.48$82,048
Nov 200915,44474.593.75$57,938
Oct 200917,37072.544.11$71,395
Sep 200919,07265.543.06$58,451
Aug 200915,61267.423.22$50,247
Jul 200920,34761.133.46$70,492
Jun 200920,42666.163.90$79,559
May 200925,08154.743.93$98,462
Apr 200925,20446.773.59$90,419
Mar 200929,71842.144.06$120,625
Feb 200931,09132.814.63$144,045
Jan 200939,16935.865.37$210,377
Dec 200851,61737.105.98$308,522
Nov 200842,35555.496.86$290,571
Oct 2008075.246.92$0
Sep 20080101.767.88$0
Aug 20080114.228.48$0
Jul 20080131.0811.39$0
Jun 200840131.3313.03$521
May 20082,212123.1711.57$25,602
Apr 200847,020110.3110.45$491,588
Mar 200845,324101.909.66$438,014
Feb 200858,25392.538.77$510,913
Jan 200873,70890.388.21$604,828
Dec 200791,33688.337.30$666,933
Nov 200793,69991.677.29$683,225

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
Gas                1,096 Mcf  × $  3.05 =     $3,338

────────────────────────────────────────────────────
Month total                                   $3,338

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/251199 is the state's own key, not one this site invented.