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DIETZ O.L. 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 291315District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$54.8 M
Oct 2020 – May 2026
Value, last 12 filed months
$2.8 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-1112021-09-16228989

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
CondensateDisposition521,641 bbl$37,193,738
GasProduction4,502,740 Mcf$17,576,841
Total$54,770,579

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 30.2259, -96.7179. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.22593, -96.71794 · 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
10,512 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 10,512 ft.

Completions filed
Oct 2020
1 of 1 wells

1 well

42-477311313H10,512 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 20262,57641,468106.413.05$400,417
Apr 20263,65143,80998.932.87$486,913
Mar 20263,34244,81489.753.15$441,084
Feb 20261,64921,99363.503.75$187,192
Jan 20262391,56459.138.00$26,641
Dec 20251,48111,54256.664.41$134,852
Nov 2025149558.593.93$8,750
Oct 202592515,72459.383.30$106,892
Sep 20251,92535,09962.743.08$228,771
Aug 20252,36638,66863.933.01$267,833
Jul 20252,15437,83166.743.32$269,175
Jun 20252,24038,34666.483.13$268,889
May 20252,72840,25260.553.23$295,288
Apr 20253,03840,42062.363.54$332,663
Mar 20252,89341,40867.704.27$372,599
Feb 20252,11037,49070.884.34$312,295
Jan 20251,02026,42374.324.28$188,862
Dec 20241,70030,18868.993.12$211,511
Nov 20242,64442,28569.052.20$275,529
Oct 20242,42244,48271.372.28$274,339
Sep 20241,73937,59169.612.36$209,930
Aug 20242,33646,39875.632.06$272,420
Jul 20242,94543,78279.932.15$329,376
Jun 20242,42938,79878.082.63$291,849
May 20242,64044,19078.812.20$305,207
Apr 20242,64943,58484.451.66$296,023
Mar 20242,64649,11680.301.55$288,364
Feb 20241,13028,36176.091.78$136,568
Jan 20243,21855,06873.023.30$416,574
Dec 20233,57858,89471.262.61$408,724
Nov 20233,79560,91677.892.81$466,618
Oct 20233,76962,12585.443.09$513,821
Sep 20233,86863,02789.042.74$516,788
Aug 20234,31167,58080.522.67$527,755
Jul 20234,54169,74674.852.64$524,149
Jun 20234,55458,70468.962.26$446,626
May 20235,12769,42670.622.23$516,708
Apr 20237,46073,55378.122.24$747,369
Mar 20237,32279,50272.852.39$723,669
Feb 20238,06877,78875.112.47$797,788
Jan 20237,26577,49176.533.39$818,508
Dec 20227,26671,72676.415.73$966,119
Nov 20229,23881,62185.005.65$1,246,078
Oct 20229,93582,05387.185.86$1,347,272
Sep 20229,31472,97784.888.16$1,386,333
Aug 20229,67282,26594.529.13$1,665,043
Jul 20227,28967,070101.587.54$1,246,264
Jun 20229,33374,289115.097.98$1,666,753
May 202210,72180,290109.378.43$1,849,645
Apr 202210,24878,716104.226.84$1,606,275
Mar 20227,54678,015108.885.08$1,217,644
Feb 20229,56275,48491.054.86$1,237,385
Jan 202211,20694,49781.844.54$1,345,896
Dec 202113,57195,03871.323.90$1,338,448
Nov 202113,54595,62977.435.24$1,549,584
Oct 202115,61897,22479.795.71$1,801,686
Sep 202115,37195,09569.865.35$1,582,664
Aug 202117,653103,57966.024.22$1,602,616
Jul 202118,076112,12770.783.98$1,725,918
Jun 202117,893113,36369.493.38$1,626,622
May 202120,886124,75963.483.02$1,702,325
Apr 202121,959126,78760.362.76$1,675,177
Mar 202124,089138,05061.302.72$1,851,729
Feb 202117,909101,65557.805.55$1,599,117
Jan 202127,258154,95550.412.81$1,809,541
Dec 202029,752180,74444.642.68$1,811,703
Nov 202030,089182,59338.772.71$1,660,751
Oct 202002,68836.972.48$6,662

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         2,576 bbl  × $106.41 =   $274,112
Gas               41,468 Mcf  × $  3.05 =   $126,305

────────────────────────────────────────────────────
Month total                                 $400,417

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/291315 is the state's own key, not one this site invented.