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JOHNSTON 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 278578District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$21.3 M
Dec 2013 – May 2026
Value, last 12 filed months
$436 k
at the published price for each month
Months reported
150
no gaps in the span
Streams
2
condensate, gas

The GIDDINGS (AUSTIN CHALK-3) field

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 Gas112015-12-14217890
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
CondensateDisposition102,132 bbl$7,019,489
GasProduction4,002,233 Mcf$14,280,694
Total$21,300,183

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 30.2551, -96.5811. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.25514, -96.58108 · 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
11,502 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 11,502 ft.

Completions filed
Dec 2013
1 of 1 wells

1 well

42-47731002311,502 ftDec 2013——

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 (150)

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

150 months

May 202600106.413.05$0
Apr 20261863,17698.932.87$27,515
Mar 20261855,47589.753.15$33,847
Feb 20261867,42863.503.75$39,668
Jan 202605,20159.138.00$41,597
Dec 20251816,30756.664.41$38,091
Nov 20251867,66158.593.93$40,978
Oct 20251788,25059.383.30$37,835
Sep 2025877,94462.743.08$29,901
Aug 20251869,89863.933.01$41,731
Jul 20253619,81166.743.32$56,619
Jun 202517811,70766.483.13$48,461
May 20250060.553.23$0
Apr 20251803,17262.363.54$22,464
Mar 202518111,98367.704.27$63,401
Feb 202518714,75470.884.34$77,299
Jan 202562074.324.28$4,608
Dec 20241645,53068.993.12$28,576
Nov 202418211,41669.052.20$37,664
Oct 202418212,48971.372.28$41,482
Sep 202417412,39669.612.36$41,421
Aug 202418113,22575.632.06$40,981
Jul 202418710,32379.932.15$37,106
Jun 202418213,04278.082.63$48,563
May 202436914,25878.812.20$60,426
Apr 202403,48484.451.66$5,781
Mar 202436513,44080.301.55$50,076
Feb 202418314,66676.091.78$40,083
Jan 202437225,95373.023.30$112,748
Dec 202318912,00471.262.61$44,807
Nov 20231839,90177.892.81$42,052
Oct 202335710,57785.443.09$63,156
Sep 20231863,37789.042.74$25,798
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 202304070.622.23$89
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20231857,98875.112.47$33,591
Jan 202319112,01176.533.39$55,307
Dec 202218911,18176.415.73$78,498
Nov 202237813,14385.005.65$106,338
Oct 202218813,16087.185.86$93,557
Sep 202218712,28184.888.16$116,131
Aug 202218612,71094.529.13$133,587
Jul 202238712,557101.587.54$134,017
Jun 2022012,199115.097.98$97,314
May 202218313,730109.378.43$135,800
Apr 202236813,603104.226.84$131,365
Mar 202218714,008108.885.08$91,471
Feb 202217412,80191.054.86$78,041
Jan 202236414,27881.844.54$94,579
Dec 202118414,60271.323.90$70,058
Nov 202118814,10177.435.24$88,402
Oct 202135713,73779.795.71$106,976
Sep 202117814,06269.865.35$87,680
Aug 202118414,90066.024.22$75,034
Jul 202118614,75470.783.98$71,917
Jun 202118614,59569.493.38$62,265
May 202137216,67463.483.02$73,931
Apr 202118313,64060.362.76$48,671
Mar 202134415,70161.302.72$63,746
Feb 202118210,11157.805.55$66,615
Jan 202136615,65750.412.81$62,450
Dec 202018315,30444.642.68$49,114
Nov 202018115,36138.772.71$48,593
Oct 202036716,17036.972.48$53,644
Sep 202017714,97737.091.99$36,385
Aug 202017915,43539.982.39$43,970
Jul 202036516,17838.371.83$43,532
Jun 202017815,77334.901.69$32,873
May 202036316,68616.921.81$36,423
Apr 202037216,44514.751.80$35,160
Mar 202018016,94030.341.86$36,906
Feb 202036316,39549.881.98$50,580
Jan 202036617,65857.252.09$57,942
Dec 201935917,77559.012.30$62,145
Nov 201917917,75055.302.75$58,724
Oct 201936218,56253.472.42$64,249
Sep 201935717,97355.052.66$67,412
Aug 201934818,89653.112.30$62,025
Jul 201936019,32456.272.46$67,795
Jun 201918020,26452.782.49$59,982
May 201936014,22558.482.74$60,034
Apr 201937320,16362.632.75$78,823
Mar 201937322,67156.803.06$90,607
Feb 201936919,99150.852.79$74,583
Jan 201955622,81246.033.23$99,234
Dec 201837723,75446.594.19$116,985
Nov 201855424,40052.934.24$132,712
Oct 201861725,08461.443.40$123,146
Sep 201836723,65059.543.11$95,355
Aug 201856423,42659.403.07$105,339
Jul 201854522,93465.142.93$102,741
Jun 201854821,66860.183.08$99,649
May 201873126,57665.382.90$124,884
Apr 201835525,15063.842.90$95,618
Mar 201837824,46161.222.79$91,310
Feb 201857524,16061.782.77$102,353
Jan 201862725,08662.874.01$139,997
Dec 201757626,36157.272.92$110,002
Nov 201757626,51655.423.12$114,608
Oct 201775027,18549.292.98$118,079
Sep 201718917,59147.523.09$63,290
Aug 201757123,08645.373.00$95,266
Jul 201756329,52543.873.09$115,851
Jun 201757129,75242.493.09$116,115
May 201757129,81045.373.26$123,188
Apr 201757829,83947.933.21$123,534
Mar 201776931,25346.772.98$129,215
Feb 201758128,80550.452.95$114,361
Jan 201776932,51549.413.42$149,159
Dec 201657032,62548.763.72$149,251
Nov 201656631,77042.492.64$108,060
Oct 201676632,05546.193.09$134,440
Sep 201674933,21941.553.10$134,121
Aug 201674535,68841.442.92$135,237
Jul 201675036,91641.622.92$139,170
Jun 201693637,45545.352.69$143,045
May 201674338,57542.521.99$108,397
Apr 201693042,14636.561.99$117,915
Mar 201695341,93233.011.79$106,685
Feb 201694937,56426.472.06$102,638
Jan 20161,14841,52727.352.36$129,583
Dec 201595147,48232.362.00$125,805
Nov 201595137,95338.792.17$119,146
Oct 201594843,23243.552.43$146,191
Sep 201537523,67842.992.76$81,435
Aug 20151,13551,55840.162.87$193,681
Jul 20151,33149,35948.152.95$209,454
Jun 20151,33952,94356.152.88$227,812
May 20151,54253,08955.212.96$242,036
Apr 20151,54653,80349.822.71$222,643
Mar 20151,75460,96842.892.93$254,152
Feb 20151,76258,34244.662.98$252,328
Jan 20152,14367,37743.433.10$301,982
Dec 20142,13170,98054.693.59$371,459
Nov 20142,14072,03770.464.25$457,074
Oct 20142,31479,79678.303.90$492,467
Sep 20142,50182,79886.164.05$550,441
Aug 20142,68090,61989.394.04$605,224
Jul 20143,25697,54596.564.18$722,098
Jun 20143,08599,18198.164.74$772,632
May 20144,059107,22894.734.73$891,329
Apr 20143,865110,54995.944.81$902,452
Mar 20144,284112,41295.895.06$979,238
Feb 20144,497111,92197.406.19$1,131,023
Jan 20145,008115,77890.404.86$1,015,488
Dec 20133,921116,74691.824.35$868,394

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.

Apr 2026 — as filed, then multipliedworked
Condensate           186 bbl  × $ 98.93 =    $18,401
Gas                3,176 Mcf  × $  2.87 =     $9,114

────────────────────────────────────────────────────
Month total                                  $27,515

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/278578 is the state's own key, not one this site invented.