NEINAST

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 276548District 03Field 34733500CondensateGasSaveExport
Value, all time
$706 k
May 2014 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
145
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

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
CondensateDisposition5,245 bbl$347,566
GasProduction104,610 Mcf$358,677
Total$706,243

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 30.2952, -96.5725. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.29516, -96.57250 · 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
10,705 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 10,705 ft.

Completions filed
May 2014
1 of 1 wells

1 well

42-477309081RE10,705 ftMay 2014

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 (145)

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

145 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20221085.005.65$85
Oct 20220087.185.86$0
Sep 20221084.888.16$85
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 2022180109.378.43$784
Apr 2022182373104.226.84$21,518
Mar 20220395108.885.08$2,005
Feb 2022047891.054.86$2,323
Jan 2022161581.844.54$2,873
Dec 2021060071.323.90$2,339
Nov 2021058477.435.24$3,058
Oct 2021054679.795.71$3,120
Sep 202117772669.865.35$16,250
Aug 2021464966.024.22$3,003
Jul 2021270970.783.98$2,965
Jun 2021161,08469.493.38$4,776
May 20210063.483.02$0
Apr 2021113660.362.76$436
Mar 2021451961.302.72$1,655
Feb 2021220057.805.55$1,225
Jan 202118948850.412.81$10,899
Dec 2020349044.642.68$1,445
Nov 2020243138.772.71$1,244
Oct 2020366336.972.48$1,754
Sep 2020262037.091.99$1,309
Aug 2020664839.982.39$1,785
Jul 2020377738.371.83$1,533
Jun 2020584234.901.69$1,598
May 2020379116.921.81$1,486
Apr 202010388614.751.80$3,118
Mar 202021,00130.341.86$1,919
Feb 2020255849.881.98$1,205
Jan 202012657.252.09$112
Dec 2019236459.012.30$957
Nov 2019258755.302.75$1,725
Oct 201918466953.472.42$11,456
Sep 2019163855.052.66$1,750
Aug 2019477153.112.30$1,989
Jul 2019268056.272.46$1,785
Jun 201921,09752.782.49$2,838
May 201917919158.482.74$10,991
Apr 2019688362.632.75$2,805
Mar 2019230956.803.06$1,060
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 2018014846.594.19$619
Nov 2018158852.934.24$2,544
Oct 2018277661.443.40$2,760
Sep 2018152959.543.11$1,704
Aug 2018195859.403.07$2,997
Jul 2018134965.142.93$1,088
Jun 201817677760.183.08$12,982
May 2018299465.382.90$3,014
Apr 2018194763.842.90$2,811
Mar 201821,00361.222.79$2,918
Feb 201821,14661.782.77$3,294
Jan 2018188662.874.01$3,615
Dec 201718387757.272.92$13,043
Nov 2017195555.423.12$3,033
Oct 201721,13049.292.98$3,470
Sep 2017280547.523.09$2,580
Aug 201718272245.373.00$10,427
Jul 201701,19243.873.09$3,680
Jun 201761,28342.493.09$4,216
May 201741,33045.373.26$4,522
Apr 201731,41747.933.21$4,695
Mar 20171791,92646.772.98$14,118
Feb 201761,61050.452.95$5,056
Jan 20171831,64349.413.42$14,659
Dec 201641,24048.763.72$4,811
Nov 201621,23442.492.64$3,348
Oct 20161731,45546.193.09$12,487
Sep 201611,31941.553.10$4,131
Aug 201621,01941.442.92$3,063
Jul 2016194641.622.92$2,808
Jun 2016586045.352.69$2,537
May 201616729442.521.99$7,686
Apr 2016394836.561.99$1,997
Mar 20161901,48033.011.79$8,927
Feb 201681,13226.472.06$2,548
Jan 2016234327.352.36$866
Dec 201541,11932.362.00$2,369
Nov 2015388138.792.17$2,026
Oct 20151921,44143.552.43$11,858
Sep 201541,95842.992.76$5,573
Aug 2015132740.162.87$979
Jul 2015277948.152.95$2,391
Jun 201517586256.152.88$12,311
May 201541,09455.212.96$3,454
Apr 201531,12749.822.71$3,200
Mar 20151851,10942.892.93$11,189
Feb 2015436944.662.98$1,277
Jan 20151861,13243.433.10$11,588
Dec 201452,39054.693.59$8,857
Nov 20141875870.464.25$13,423
Oct 201452,60878.303.90$10,565
Sep 20141782,37286.164.05$24,932
Aug 20141783,03789.394.04$28,166
Jul 20143974,43696.564.18$56,875
Jun 20145608,87498.164.74$97,005
May 201437310,27294.734.73$83,886

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.

Nov 2022 — as filed, then multipliedworked
Condensate             1 bbl  × $ 85.00 =        $85
Gas                    0 Mcf  × $  5.65 =         $0

────────────────────────────────────────────────────
Month total                                      $85

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/276548 is the state's own key, not one this site invented.