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PALO DURO

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 291094District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$48.9 M
Oct 2020 – May 2026
Value, last 12 filed months
$3.1 M
at the published price for each month
Months reported
68
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-1112021-08-02228990

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
CondensateDisposition474,639 bbl$33,227,584
GasProduction3,972,148 Mcf$15,633,299
Total$48,860,882

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 30.2232, -96.7207. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.22319, -96.72074 · 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
10,255 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 10,255 ft.

Completions filed
Oct 2020
1 of 1 wells

1 well

42-477311321H10,255 ftOct 2020——

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 (68)

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

68 months

May 20262,20324,810106.413.05$309,989
Apr 20262,52323,88498.932.87$318,141
Mar 20262,47428,72989.753.15$312,522
Feb 20262,05027,30663.503.75$232,581
Jan 20261,68726,93659.138.00$315,184
Dec 20252,01731,86456.664.41$254,911
Nov 20251,71428,21758.593.93$211,216
Oct 20252,27427,13559.383.30$224,707
Sep 20252,21825,58662.743.08$217,883
Aug 20252,73927,67163.933.01$258,526
Jul 20252,30327,71766.743.32$245,590
Jun 20252,27128,66166.483.13$240,648
May 20252,55028,42260.553.23$246,272
Apr 20252,53130,47762.363.54$265,817
Mar 20252,20731,19467.704.27$282,560
Feb 20251,85826,88970.884.34$248,416
Jan 20252,58431,84674.324.28$328,302
Dec 20242,42931,91668.993.12$267,198
Nov 20242,44730,89669.052.20$236,888
Oct 20242,61034,04671.372.28$263,948
Sep 20242,16628,09269.612.36$217,195
Aug 20242,96033,55975.632.06$293,118
Jul 20242,87436,16279.932.15$307,344
Jun 20242,04532,71378.082.63$245,839
May 20241,35227,75678.812.20$167,571
Apr 20243,14239,63584.451.66$331,104
Mar 20243,29042,71980.301.55$330,193
Feb 20242,87642,99076.091.78$295,514
Jan 20243,26941,81673.023.30$376,597
Dec 20233,62543,92371.262.61$372,988
Nov 20234,41947,18177.892.81$476,659
Oct 20233,92547,20485.443.09$481,084
Sep 20232,51533,56489.042.74$315,734
Aug 20234,72152,99880.522.67$521,792
Jul 20235,11355,84874.852.64$530,247
Jun 20233,53247,89668.962.26$351,739
May 20235,75957,83870.622.23$535,529
Apr 20235,23058,79278.122.24$540,130
Mar 20236,28665,61672.852.39$614,965
Feb 20235,27861,86175.112.47$548,960
Jan 20235,41963,77276.533.39$630,758
Dec 20225,37760,76876.415.73$759,001
Nov 20226,90963,30585.005.65$944,698
Oct 20227,27171,48887.185.86$1,053,074
Sep 20226,86665,46084.888.16$1,117,181
Aug 20228,48764,75294.529.13$1,393,193
Jul 20227,77157,435101.587.54$1,222,558
Jun 20228,21260,053115.097.98$1,424,174
May 20229,25375,258109.378.43$1,646,654
Apr 202211,46989,031104.226.84$1,804,058
Mar 20221,47017,764108.885.08$250,231
Feb 20227,61361,69091.054.86$992,905
Jan 20229,93778,06381.844.54$1,167,469
Dec 20219,70179,60771.323.90$1,002,273
Nov 202110,97685,53777.435.24$1,297,816
Oct 202112,23392,62079.795.71$1,505,290
Sep 202112,46489,55169.865.35$1,349,915
Aug 202113,87698,50366.024.22$1,331,834
Jul 202115,561102,69870.783.98$1,510,359
Jun 202115,932106,19669.493.38$1,466,123
May 202119,021118,98263.483.02$1,566,501
Apr 202120,427123,26560.362.76$1,572,990
Mar 202123,175139,81061.302.72$1,800,483
Feb 202117,51299,74357.805.55$1,565,563
Jan 202127,235166,24750.412.81$1,840,115
Dec 202030,321186,39244.642.68$1,852,214
Nov 202030,085179,25238.772.71$1,651,554
Oct 202002,54136.972.48$6,298

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         2,203 bbl  × $106.41 =   $234,421
Gas               24,810 Mcf  × $  3.05 =    $75,567

────────────────────────────────────────────────────
Month total                                 $309,989

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/291094 is the state's own key, not one this site invented.