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DREDD

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 289635District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$21.6 M
Jul 2019 – May 2026
Value, last 12 filed months
$1.8 M
at the published price for each month
Months reported
83
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-1112020-08-12226411

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
CondensateDisposition232,823 bbl$13,297,402
GasProduction2,565,140 Mcf$8,259,963
Total$21,557,365

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 29.8593, -96.7423. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.85928, -96.74228 · 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
13,115 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 13,115 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-149334821H13,115 ftNov 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 (83)

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

83 months

May 20261,22513,657106.413.05$171,949
Apr 20261,43312,79998.932.87$178,496
Mar 20261,30812,64589.753.15$157,218
Feb 20261,36413,63763.503.75$137,757
Jan 20261,53315,02359.138.00$210,799
Dec 20251,03915,87356.664.41$128,923
Nov 20251,43714,57658.593.93$141,426
Oct 20251,08717,07259.383.30$120,966
Sep 20251,67116,12062.743.08$154,438
Aug 20251,25515,59163.933.01$127,235
Jul 20251,09318,16066.743.32$133,151
Jun 20251,47618,60866.483.13$156,344
May 20251,97818,55260.553.23$179,734
Apr 20252,06419,53362.363.54$197,919
Mar 20251,88618,10567.704.27$204,960
Feb 20251,85517,75470.884.34$208,550
Jan 20252,68817,52274.324.28$274,743
Dec 20241,43812,38968.993.12$137,878
Nov 20241,79414,83869.052.20$156,496
Oct 20241,19414,29471.372.28$117,826
Sep 20241,36116,19269.612.36$133,023
Aug 20241,22316,93375.632.06$127,439
Jul 20241,63917,25879.932.15$168,051
Jun 20241,74813,04678.082.63$170,847
May 20241,49111,22678.812.20$142,185
Apr 20241,73612,77684.451.66$167,803
Mar 20241,79115,98980.301.55$168,522
Feb 20241,68613,43576.091.78$152,251
Jan 20241,5689,94473.023.30$147,287
Dec 20231,23511,87271.262.61$119,001
Nov 20231,76918,51377.892.81$189,764
Oct 20231,81813,16485.443.09$195,971
Sep 20231,92515,10289.042.74$212,707
Aug 20231,20511,46280.522.67$127,663
Jul 20231,52813,38574.852.64$149,731
Jun 20231,75318,62468.962.26$162,949
May 20231,93117,88370.622.23$176,200
Apr 20231,97615,76578.122.24$189,643
Mar 20232,56121,48572.852.39$237,986
Feb 20231,60416,49475.112.47$161,145
Jan 20231,12410,08676.533.39$120,188
Dec 20221,78421,18876.415.73$257,703
Nov 20221,75022,72085.005.65$277,032
Oct 20222,16817,26687.185.86$290,250
Sep 20222,16623,16584.888.16$372,962
Aug 20222,64126,58894.529.13$492,300
Jul 20221,62527,222101.587.54$370,378
Jun 20222,49326,741115.097.98$500,238
May 20222,36829,623109.378.43$508,800
Apr 20221,52126,014104.226.84$336,392
Mar 202201,007108.885.08$5,112
Feb 20222,56926,46791.054.86$362,506
Jan 20222,66942,57381.844.54$411,614
Dec 20213,22844,51771.323.90$403,798
Nov 20213,43437,22377.435.24$460,826
Oct 20212,67945,02779.795.71$471,036
Sep 20214,11947,94669.865.35$544,309
Aug 20212,64933,06366.024.22$314,432
Jul 20214,12845,49070.783.98$473,325
Jun 20213,91145,57069.493.38$425,830
May 20214,17047,48563.483.02$408,006
Apr 20214,63649,80760.362.76$417,218
Mar 20215,08752,70661.302.72$455,032
Feb 20214,52244,61857.805.55$508,910
Jan 20215,40258,30250.412.81$436,159
Dec 20205,26765,26544.642.68$409,733
Nov 20205,15861,62538.772.71$366,768
Oct 20206,07871,40336.972.48$401,671
Sep 20206,45672,47737.091.99$383,758
Aug 20207,32586,38439.982.39$498,888
Jul 20208,39497,35038.371.83$499,753
Jun 20209,828103,64034.901.69$518,181
May 20208,861124,40616.921.81$375,694
Apr 202012,733150,89914.751.80$460,091
Mar 202017,725190,40230.341.86$891,206
Feb 20207,78971,57949.881.98$530,290
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

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         1,225 bbl  × $106.41 =   $130,352
Gas               13,657 Mcf  × $  3.05 =    $41,597

────────────────────────────────────────────────────
Month total                                 $171,949

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/289635 is the state's own key, not one this site invented.