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KOCIAN OL

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 289475District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$20.2 M
Jun 2019 – May 2026
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
84
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-1112020-07-14226413

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
CondensateDisposition205,513 bbl$11,687,235
GasProduction2,627,094 Mcf$8,524,204
Total$20,211,439

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 29.8407, -96.7215. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.84067, -96.72151 · 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
13,492 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 13,492 ft.

Completions filed
Jun 2019
1 of 1 wells

1 well

42-149334802H13,492 ftJun 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 (84)

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

84 months

May 20261,03612,958106.413.05$149,709
Apr 202686612,10398.932.87$120,406
Mar 202693311,22089.753.15$119,073
Feb 20261,36314,42863.503.75$140,660
Jan 20261,16613,75559.138.00$178,957
Dec 20251,24115,73856.664.41$139,773
Nov 20251,30414,93358.593.93$135,035
Oct 20251,32817,33859.383.30$136,156
Sep 20251,46918,27862.743.08$148,405
Aug 20258367,16963.933.01$75,058
Jul 20251,09617,52366.743.32$131,239
Jun 20251,32318,75666.483.13$146,635
May 20251,41416,95360.553.23$140,415
Apr 20252,08319,91662.363.54$200,461
Mar 20251,28114,43667.704.27$148,341
Feb 20251,37811,71470.884.34$148,521
Jan 20251,40211,21974.324.28$152,199
Dec 20241,68315,07368.993.12$163,159
Nov 20241,10110,60169.052.20$99,330
Oct 202481610,42271.372.28$82,015
Sep 20241,38116,26069.612.36$134,576
Aug 20241,19017,56775.632.06$126,251
Jul 20241,83016,65779.932.15$182,028
Jun 20241,56214,60778.082.63$160,436
May 20249317,97578.812.20$90,905
Apr 20241,4628,51284.451.66$137,589
Mar 20241,43716,63380.301.55$141,091
Feb 20241,17816,36176.091.78$118,816
Jan 20241,57314,57873.023.30$162,934
Dec 20231,02914,17671.262.61$110,336
Nov 20231,55818,66477.892.81$173,753
Oct 20231,71624,22185.443.09$221,392
Sep 20231,95927,97989.042.74$250,953
Aug 20231,45615,40080.522.67$158,399
Jul 20231,80527,48874.852.64$207,722
Jun 20231,41427,36868.962.26$159,320
May 20231,16315,22470.622.23$116,041
Apr 20231,78817,78678.122.24$179,479
Mar 20232,21623,82972.852.39$218,462
Feb 20232,20724,19675.112.47$225,427
Jan 20231,36914,55876.533.39$154,088
Dec 20221,93120,52276.415.73$265,120
Nov 20221,77124,58585.005.65$289,347
Oct 20222,59529,22587.185.86$397,600
Sep 20222,15826,51084.888.16$399,590
Aug 20221,69828,05994.529.13$416,594
Jul 20222,45629,573101.587.54$472,522
Jun 20222,24231,586115.097.98$510,000
May 20222,56639,101109.378.43$610,384
Apr 20222,29735,169104.226.84$479,865
Mar 20221,14818,103108.885.08$216,892
Feb 20221,82228,36691.054.86$303,719
Jan 20222,30436,14081.844.54$352,551
Dec 202154317,33171.323.90$106,302
Nov 20211,71621,74077.435.24$246,719
Oct 20212,23042,62579.795.71$421,485
Sep 20213,45147,59469.865.35$495,759
Aug 20212,16532,04266.024.22$278,169
Jul 20213,06141,46870.783.98$381,786
Jun 20213,12744,22769.493.38$366,810
May 20213,41546,50163.483.02$357,109
Apr 20213,93950,97560.362.76$378,369
Mar 20214,33755,15961.302.72$415,722
Feb 20213,88452,47357.805.55$515,613
Jan 20214,04665,68750.412.81$388,557
Dec 20201,66823,40544.642.68$137,079
Nov 20204,21758,33038.772.71$321,367
Oct 20205,06172,10536.972.48$365,812
Sep 20205,46774,86637.091.99$351,832
Aug 20205,60771,82439.982.39$395,475
Jul 20207,09791,02538.371.83$438,443
Jun 20209,216106,08934.901.69$500,962
May 20208,233127,09516.921.81$369,948
Apr 202013,193166,59414.751.80$495,196
Mar 202018,856220,51130.341.86$981,410
Feb 20208,65385,91749.881.98$601,785
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0

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         1,036 bbl  × $106.41 =   $110,241
Gas               12,958 Mcf  × $  3.05 =    $39,468

────────────────────────────────────────────────────
Month total                                 $149,709

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/289475 is the state's own key, not one this site invented.