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LEVI GOODRICH UNIT 2

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 291349District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$42.4 M
Oct 2020 – May 2026
Value, last 12 filed months
$1.5 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-1112021-09-27229455

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
CondensateDisposition483,477 bbl$33,028,842
GasProduction2,337,601 Mcf$9,357,449
Total$42,386,291

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 30.2416, -96.6860. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.24164, -96.68602 · 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
10,267 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 10,267 ft.

Completions filed
Oct 2020
1 of 1 wells

1 well

42-477311342H10,267 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 20261,8937,784106.413.05$225,143
Apr 20261,5337,99598.932.87$174,603
Mar 20261,3786,92489.753.15$145,482
Feb 20261,1026,52263.503.75$94,437
Jan 20261,4397,44659.138.00$144,641
Dec 20251,9699,44856.664.41$153,261
Nov 20251,8709,58858.593.93$147,210
Oct 20252,24011,14259.383.30$169,834
Sep 20251,7139,35362.743.08$136,252
Aug 2025457063.933.01$3,088
Jul 20251266.743.32$73
Jun 20251,0377,74166.483.13$93,159
May 20253,07923,86160.553.23$263,560
Apr 20252,47521,78562.363.54$231,528
Mar 20252,15117,97367.704.27$222,337
Feb 20253,06022,07870.884.34$312,730
Jan 20251,56613,44374.324.28$173,903
Dec 20241,64117,47568.993.12$167,759
Nov 20242,35120,05969.052.20$206,435
Oct 20242,81222,42271.372.28$251,846
Sep 20242,71323,14569.612.36$243,575
Aug 20242,64723,16875.632.06$248,003
Jul 20242,67020,88179.932.15$258,236
Jun 20243,21123,80978.082.63$313,427
May 20242,79328,51578.812.20$282,805
Apr 20241,0716,41984.451.66$101,096
Mar 20243,02023,52680.301.55$278,857
Feb 20243,02021,92776.091.78$268,902
Jan 20245,16622,98373.023.30$453,011
Dec 20235,87722,92071.262.61$478,633
Nov 20236,61521,84777.892.81$576,579
Oct 20237,07323,98685.443.09$678,369
Sep 20236,18823,54589.042.74$615,376
Aug 20236,66124,98880.522.67$603,134
Jul 20236,71225,03974.852.64$568,541
Jun 20236,02824,46168.962.26$470,936
May 20236,98223,77670.622.23$546,028
Apr 20237,49924,67578.122.24$641,039
Mar 20237,30226,31572.852.39$594,927
Feb 20235,97229,03875.112.47$520,155
Jan 20236,11932,58976.533.39$578,689
Dec 20224,92328,16176.415.73$537,503
Nov 20225,69134,29885.005.65$677,388
Oct 20225,35637,99087.185.86$689,700
Sep 20224,41736,66084.888.16$674,195
Aug 20225,78044,07494.529.13$948,596
Jul 20226,08846,792101.587.54$971,328
Jun 20226,91149,930115.097.98$1,193,689
May 20226,23149,752109.378.43$1,101,045
Apr 20226,55846,145104.226.84$998,996
Mar 20227,75644,247108.885.08$1,069,089
Feb 20227,11940,73591.054.86$846,110
Jan 20227,54243,20381.844.54$813,279
Dec 20215,43929,13071.323.90$501,491
Nov 202110,13153,98877.435.24$1,067,170
Oct 202110,78256,45479.795.71$1,182,867
Sep 202111,76056,43369.865.35$1,123,522
Aug 202113,58862,56666.024.22$1,161,145
Jul 202115,00469,53870.783.98$1,338,889
Jun 202116,65971,16569.493.38$1,398,216
May 202120,61980,75763.483.02$1,552,592
Apr 202117,77867,81960.362.76$1,260,153
Mar 202123,28584,72661.302.72$1,657,566
Feb 202117,01461,84657.805.55$1,326,528
Jan 202127,31199,72550.412.81$1,657,002
Dec 202029,807111,45144.642.68$1,628,767
Nov 202030,550120,09538.772.71$1,509,469
Oct 202018,68469,25836.972.48$862,399

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         1,893 bbl  × $106.41 =   $201,434
Gas                7,784 Mcf  × $  3.05 =    $23,709

────────────────────────────────────────────────────
Month total                                 $225,143

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/291349 is the state's own key, not one this site invented.