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RAMBO

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 287775District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$16.2 M
May 2019 – May 2026
Value, last 12 filed months
$843 k
at the published price for each month
Months reported
85
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
NGPA1none——
ST-1112020-01-08225130

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
CondensateDisposition115,728 bbl$6,805,260
GasProduction3,172,356 Mcf$9,366,994
Total$16,172,253

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 29.9125, -96.7058. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.91255, -96.70585 · 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
13,346 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 13,346 ft.

Completions filed
May 2019
1 of 1 wells

1 well

42-149334681H13,346 ftMay 2019——

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 (85)

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

85 months

May 20262409,774106.413.05$55,308
Apr 202661210,76898.932.87$91,446
Mar 20262389,17389.753.15$50,250
Feb 202662112,09063.503.75$84,775
Jan 202664611,79459.138.00$132,525
Dec 202521210,57756.664.41$58,692
Nov 20252639,02958.593.93$50,861
Oct 202559616,32159.383.30$89,329
Sep 20252159,24362.743.08$41,929
Aug 202540710,33863.933.01$57,186
Jul 202540611,60966.743.32$65,583
Jun 202542911,66966.483.13$65,029
May 202541112,42360.553.23$65,041
Apr 202542912,68762.363.54$71,704
Mar 202560311,02967.704.27$87,898
Feb 202543912,63870.884.34$85,976
Jan 202557612,24574.324.28$95,201
Dec 202443115,28268.993.12$77,435
Nov 20244468,74969.052.20$50,030
Oct 202447511,32671.372.28$59,740
Sep 202441011,93969.612.36$56,768
Aug 202464012,94675.632.06$75,119
Jul 202463012,99179.932.15$78,242
Jun 202442913,43478.082.63$68,881
May 202442913,84478.812.20$64,245
Apr 202481312,14184.451.66$88,802
Mar 202465816,61580.301.55$78,510
Feb 202462510,98476.091.78$67,148
Jan 202424510,64873.023.30$53,003
Dec 202348315,26271.262.61$74,263
Nov 202388019,61177.892.81$123,602
Oct 202328514,68985.443.09$69,699
Sep 202364819,96489.042.74$112,300
Aug 20231,21921,53980.522.67$155,725
Jul 202346012,27374.852.64$66,854
Jun 202381518,56968.962.26$98,140
May 202362013,01670.622.23$72,776
Apr 202378721,34478.122.24$109,243
Mar 202382724,63072.852.39$119,190
Feb 202369817,97075.112.47$96,735
Jan 20231,00221,81776.533.39$150,593
Dec 202254313,84376.415.73$120,798
Nov 202262519,96585.005.65$165,851
Oct 202286921,90687.185.86$204,211
Sep 202286617,53884.888.16$216,681
Aug 202289619,34294.529.13$261,227
Jul 202277419,430101.587.54$225,166
Jun 202284822,612115.097.98$277,977
May 202238220,615109.378.43$215,626
Apr 202269821,550104.226.84$220,096
Mar 202278022,419108.885.08$198,734
Feb 202299722,48991.054.86$200,047
Jan 202276622,54681.844.54$164,996
Dec 202175723,60671.323.90$146,032
Nov 202157223,97677.435.24$169,849
Oct 20211,30427,12279.795.71$259,018
Sep 202194428,62369.865.35$219,107
Aug 202187330,06466.024.22$184,523
Jul 202194327,62970.783.98$176,766
Jun 202198826,72969.493.38$159,017
May 20211,07932,55563.483.02$166,735
Apr 20211,32235,69160.362.76$178,247
Mar 20211,52339,66661.302.72$201,130
Feb 20211,33128,26057.805.55$233,717
Jan 202177337,05950.412.81$143,113
Dec 20201,93847,75244.642.68$214,271
Nov 20201,16830,40338.772.71$127,571
Oct 20201,93546,32136.972.48$186,340
Sep 20201,75247,31137.091.99$159,180
Aug 20201,71952,86539.982.39$194,814
Jul 20201,87357,34438.371.83$176,527
Jun 20202,23257,97334.901.69$175,889
May 20202,55666,02116.921.81$163,059
Apr 20202,72969,13814.751.80$165,004
Mar 20202,49581,15230.341.86$226,335
Feb 20202,83380,58849.881.98$300,928
Jan 20203,06195,13057.252.09$374,515
Dec 20193,314102,70759.012.30$432,233
Nov 20193,556109,08155.302.75$496,696
Oct 20194,769138,11653.472.42$589,038
Sep 20193,924101,10255.052.66$484,673
Aug 20196,539178,33353.112.30$758,230
Jul 20198,822226,47456.272.46$1,053,554
Jun 201910,151288,36552.782.49$1,254,145
May 20194,611125,95558.482.74$614,808

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           240 bbl  × $106.41 =    $25,538
Gas                9,774 Mcf  × $  3.05 =    $29,770

────────────────────────────────────────────────────
Month total                                  $55,308

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/287775 is the state's own key, not one this site invented.