LIEBSCHER 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 255710District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$619 k
Nov 2009 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
199
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 Gas112011-08-25202952
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
CondensateDisposition3,546 bbl$230,200
GasProduction112,104 Mcf$388,456
Total$618,657

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 29.9782, -96.7834. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.97820, -96.78342 · 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
100.0%
1 of 1 wells
Median depth
14,413 ft
1 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 14,413 ft.

Completions filed
Nov 2009
1 of 1 wells
Plug dates filed
Oct 1987
1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-149320211 H14,413 ftNov 2009Oct 1987

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 (199)

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

199 months

May 20260380106.413.05$1,157
Apr 20260098.932.87$0
Mar 2026027389.753.15$860
Feb 2026033163.503.75$1,241
Jan 2026186059.138.00$10,998
Dec 2025037956.664.41$1,673
Nov 2025033658.593.93$1,319
Oct 2025037459.383.30$1,236
Sep 20250062.743.08$0
Aug 2025025463.933.01$766
Jul 2025029466.743.32$975
Jun 20250066.483.13$0
May 2025029460.553.23$950
Apr 2025028462.363.54$1,006
Mar 2025032667.704.27$1,391
Feb 202519548570.884.34$15,927
Jan 2025057874.324.28$2,473
Dec 2024013768.993.12$428
Nov 2024053469.052.20$1,174
Oct 2024022771.372.28$518
Sep 2024039969.612.36$943
Aug 2024019175.632.06$394
Jul 2024038779.932.15$831
Jun 202418931678.082.63$15,589
May 2024043778.812.20$961
Apr 2024048784.451.66$808
Mar 2024071480.301.55$1,103
Feb 2024037276.091.78$664
Jan 2024041073.023.30$1,352
Dec 20230071.262.61$0
Nov 2023070377.892.81$1,974
Oct 20230085.443.09$0
Sep 202309189.042.74$249
Aug 2023033080.522.67$882
Jul 2023037774.852.64$996
Jun 202319328668.962.26$13,955
May 2023033670.622.23$748
Apr 2023041778.122.24$933
Mar 2023035572.852.39$850
Feb 2023039675.112.47$976
Jan 202319045576.533.39$16,082
Dec 2022028576.415.73$1,633
Nov 2022027885.005.65$1,570
Oct 2022040487.185.86$2,369
Sep 2022034484.888.16$2,808
Aug 2022038494.529.13$3,505
Jul 20220358101.587.54$2,700
Jun 2022094115.097.98$750
May 20220387109.378.43$3,264
Apr 20220137104.226.84$937
Mar 20220459108.885.08$2,330
Feb 2022016891.054.86$816
Jan 2022044881.844.54$2,033
Dec 202119238471.323.90$15,191
Nov 2021047177.435.24$2,467
Oct 2021255179.795.71$3,308
Sep 20210069.865.35$0
Aug 2021021066.024.22$886
Jul 2021051270.783.98$2,039
Jun 2021052169.493.38$1,761
May 2021022063.483.02$664
Apr 2021043060.362.76$1,186
Mar 2021035761.302.72$970
Feb 2021041557.805.55$2,302
Jan 2021051150.412.81$1,436
Dec 2020055244.642.68$1,477
Nov 202016539438.772.71$7,463
Oct 2020054136.972.48$1,341
Sep 2020043037.091.99$856
Aug 2020049139.982.39$1,171
Jul 2020055138.371.83$1,006
Jun 2020053834.901.69$909
May 2020059816.921.81$1,085
Apr 2020045114.751.80$814
Mar 2020060130.341.86$1,116
Feb 2020047349.881.98$937
Jan 2020051257.252.09$1,073
Dec 2019055459.012.30$1,277
Nov 2019046355.302.75$1,274
Oct 2019159753.472.42$1,497
Sep 201917263555.052.66$11,156
Aug 2019048353.112.30$1,113
Jul 2019053756.272.46$1,321
Jun 2019025152.782.49$625
May 2019037758.482.74$1,033
Apr 2019041462.632.75$1,139
Mar 201916957156.803.06$11,348
Feb 2019034250.852.79$955
Jan 2019053346.033.23$1,721
Dec 2018045246.594.19$1,892
Nov 2018054952.934.24$2,326
Oct 2018047861.443.40$1,624
Sep 2018055559.543.11$1,725
Aug 2018051159.403.07$1,567
Jul 2018063265.142.93$1,853
Jun 201816452460.183.08$11,482
May 2018040165.382.90$1,163
Apr 2018053763.842.90$1,558
Mar 2018053561.222.79$1,491
Feb 2018043061.782.77$1,189
Jan 2018062162.874.01$2,490
Dec 2017050557.272.92$1,475
Nov 201719668855.423.12$13,008
Oct 2017065349.292.98$1,948
Sep 2017072847.523.09$2,248
Aug 2017059945.373.00$1,800
Jul 2017063643.873.09$1,964
Jun 2017065942.493.09$2,035
May 2017062545.373.26$2,040
Apr 2017079247.933.21$2,544
Mar 201719263646.772.98$10,877
Feb 2017068350.452.95$2,017
Jan 2017065849.413.42$2,250
Dec 2016076848.763.72$2,859
Nov 2016067242.492.64$1,777
Oct 2016074846.193.09$2,312
Sep 2016071141.553.10$2,205
Aug 201618384041.442.92$10,040
Jul 2016072241.622.92$2,111
Jun 2016077345.352.69$2,076
May 2016076942.521.99$1,531
Apr 2016074036.561.99$1,473
Mar 2016074833.011.79$1,342
Feb 2016076026.472.06$1,568
Jan 201619478227.352.36$7,155
Dec 2015073432.362.00$1,469
Nov 2015077238.792.17$1,673
Oct 2015079943.552.43$1,939
Sep 2015074642.992.76$2,058
Aug 2015075040.162.87$2,154
Jul 2015081248.152.95$2,391
Jun 201518976556.152.88$12,818
May 2015058655.212.96$1,732
Apr 2015067649.822.71$1,830
Mar 2015099142.892.93$2,908
Feb 2015074044.662.98$2,202
Jan 2015084743.433.10$2,626
Dec 2014074054.693.59$2,658
Nov 2014084670.464.25$3,597
Oct 201419683778.303.90$18,612
Sep 2014074186.164.05$2,998
Aug 2014076289.394.04$3,075
Jul 2014092196.564.18$3,849
Jun 2014080398.164.74$3,804
May 2014079394.734.73$3,748
Apr 20141951,11695.944.81$24,075
Mar 2014065095.895.06$3,287
Feb 2014075297.406.19$4,656
Jan 2014079690.404.86$3,869
Dec 2013086491.824.35$3,762
Nov 2013077288.853.74$2,886
Oct 2013089597.423.78$3,383
Sep 20130780104.113.72$2,900
Aug 20130848104.253.52$2,987
Jul 20130905102.523.72$3,365
Jun 2013085994.403.93$3,379
May 2013076594.834.15$3,174
Apr 2013090593.964.28$3,876
Mar 2013089093.623.91$3,482
Feb 2013061091.233.42$2,086
Jan 2013093691.603.42$3,201
Dec 201218783486.773.42$19,078
Nov 2012083786.953.62$3,034
Oct 2012083989.383.40$2,852
Sep 2012071994.672.92$2,098
Aug 2012084292.662.91$2,449
Jul 2012084985.133.02$2,565
Jun 2012093079.822.52$2,343
May 2012073491.612.49$1,826
Apr 2012195731101.652.00$21,281
Mar 20120414105.052.22$920
Feb 20120301101.102.57$774
Jan 2012044098.092.73$1,203
Dec 2011059096.873.24$1,911
Nov 2011076895.723.31$2,543
Oct 2011060184.983.65$2,193
Sep 2011077983.623.99$3,105
Aug 2011079783.404.15$3,307
Jul 2011080994.144.52$3,654
Jun 2011069092.904.64$3,202
May 2011063798.134.40$2,806
Apr 201100105.964.33$0
Mar 2011060896.364.06$2,467
Feb 2011159185.644.18$2,556
Jan 2011065386.504.59$2,996
Dec 2010075785.734.35$3,291
Nov 2010071180.843.80$2,698
Oct 2010072178.103.51$2,530
Sep 2010068372.633.98$2,718
Aug 2010073973.684.42$3,266
Jul 2010081272.554.74$3,846
Jun 2010079870.364.91$3,919
May 2010085771.124.24$3,630
Apr 2010082581.694.12$3,401
Mar 2010082278.394.39$3,607
Feb 2010074373.585.44$4,044
Jan 2010080574.365.96$4,801
Dec 2009079971.445.48$4,382
Nov 2009075374.593.75$2,825

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                  380 Mcf  × $  3.05 =     $1,157

────────────────────────────────────────────────────
Month total                                   $1,157

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/255710 is the state's own key, not one this site invented.