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SCHADENFREUDE 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 284304District 03Field 34733500CondensateGasSaveExport
Value, all time
$110 k
Jan 2018 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
101
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”

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
CondensateDisposition597 bbl$56,318
GasProduction13,777 Mcf$53,313
Total$109,631

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 30.5059, -96.1614. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.50590, -96.16141 · 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
11,876 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 11,876 ft.

Completions filed
Mar 1998
1 of 1 wells

1 well

42-04131914111,876 ftMar 1998——

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 (101)

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

101 months

May 2026026106.413.05$79
Apr 202601598.932.87$43
Mar 20260089.753.15$0
Feb 2026010263.503.75$383
Jan 20260259.138.00$16
Dec 202505756.664.41$252
Nov 202503658.593.93$141
Oct 2025011659.383.30$383
Sep 202521062.743.08$1,318
Aug 20250163.933.01$3
Jul 202506866.743.32$225
Jun 202505266.483.13$163
May 202503560.553.23$113
Apr 202507362.363.54$259
Mar 2025012067.704.27$512
Feb 202501070.884.34$43
Jan 202509674.324.28$411
Dec 202404168.993.12$128
Nov 202403969.052.20$86
Oct 202403871.372.28$87
Sep 202406669.612.36$156
Aug 202403875.632.06$78
Jul 202408279.932.15$176
Jun 202404078.082.63$105
May 202405978.812.20$130
Apr 202406184.451.66$101
Mar 202404880.301.55$74
Feb 202409376.091.78$166
Jan 202403073.023.30$99
Dec 202303871.262.61$99
Nov 202306077.892.81$168
Oct 202307285.443.09$222
Sep 202307089.042.74$191
Aug 202306980.522.67$184
Jul 202305674.852.64$148
Jun 202307168.962.26$160
May 202307370.622.23$163
Apr 202306578.122.24$145
Mar 202304572.852.39$108
Feb 202305275.112.47$128
Jan 2023010976.533.39$369
Dec 2022012076.415.73$687
Nov 202209485.005.65$531
Oct 2022016787.185.86$979
Sep 202208084.888.16$653
Aug 202204294.529.13$383
Jul 2022029101.587.54$219
Jun 202218239115.097.98$21,257
May 2022041109.378.43$346
Apr 20221246104.226.84$1,786
Mar 202201,006108.885.08$5,107
Feb 20221941,44591.054.86$24,685
Jan 20221992,64881.844.54$28,302
Dec 2021051171.323.90$1,992
Nov 202103977.435.24$204
Oct 20210079.795.71$0
Sep 202108669.865.35$460
Aug 202106966.024.22$291
Jul 202103370.783.98$131
Jun 202108969.493.38$301
May 202104763.483.02$142
Apr 2021016760.362.76$461
Mar 202107161.302.72$193
Feb 2021011857.805.55$655
Jan 20210050.412.81$0
Dec 2020011544.642.68$308
Nov 202007538.772.71$203
Oct 20200036.972.48$0
Sep 2020010237.091.99$203
Aug 2020011839.982.39$281
Jul 202002438.371.83$44
Jun 2020012234.901.69$206
May 2020020116.921.81$365
Apr 20200014.751.80$0
Mar 2020023630.341.86$438
Feb 202001249.881.98$24
Jan 2020023057.252.09$482
Dec 201906559.012.30$150
Nov 201908255.302.75$226
Oct 2019013653.472.42$329
Sep 201902955.052.66$77
Aug 2019011353.112.30$260
Jul 201904856.272.46$118
Jun 2019020152.782.49$501
May 201905858.482.74$159
Apr 2019015062.632.75$413
Mar 2019010456.803.06$318
Feb 2019018750.852.79$522
Jan 201906946.033.23$223
Dec 2018013046.594.19$544
Nov 2018011152.934.24$470
Oct 2018015861.443.40$537
Sep 2018021559.543.11$668
Aug 20180259.403.07$6
Jul 2018022765.142.93$666
Jun 2018022660.183.08$695
May 2018027365.382.90$792
Apr 20180063.842.90$0
Mar 2018015161.222.79$421
Feb 2018015261.782.77$420
Jan 2018024462.874.01$978

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                   26 Mcf  × $  3.05 =        $79

────────────────────────────────────────────────────
Month total                                      $79

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/284304 is the state's own key, not one this site invented.