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SARATOGA B

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 291562District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$62.7 M
Dec 2020 – May 2026
Value, last 12 filed months
$2.9 M
at the published price for each month
Months reported
66
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-1112021-12-09229463

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
CondensateDisposition673,479 bbl$50,129,573
GasProduction3,071,917 Mcf$12,618,864
Total$62,748,437

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 30.1947, -96.7067. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.19468, -96.70671 · 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
10,830 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 10,830 ft.

Completions filed
Dec 2020
1 of 1 wells

1 well

42-477311382H10,830 ftDec 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 (66)

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

66 months

May 20262,60512,205106.413.05$314,373
Apr 20262,89112,26698.932.87$321,207
Mar 20263,29813,07189.753.15$337,162
Feb 20263,15311,95563.503.75$245,051
Jan 20263,21611,49259.138.00$282,074
Dec 20253,37612,65456.664.41$247,131
Nov 20253,20012,45258.593.93$236,380
Oct 20253,23513,51059.383.30$236,743
Sep 20251,3624,89262.743.08$100,504
Aug 2025181063.933.01$11,571
Jul 20252,44611,20666.743.32$200,396
Jun 20254,51121,99266.483.13$368,698
May 20254,70823,48060.553.23$360,964
Apr 20254,07822,76062.363.54$334,945
Mar 20254,34524,77467.704.27$399,900
Feb 20254,17523,03170.884.34$395,898
Jan 20254,45927,53474.324.28$449,202
Dec 20245,42430,53068.993.12$469,497
Nov 20244,20720,96369.052.20$336,579
Oct 20245,45629,17271.372.28$455,948
Sep 20242,65211,96069.612.36$212,883
Aug 20245,56730,80675.632.06$484,604
Jul 20245,06218,31179.932.15$443,912
Jun 20244,73528,25878.082.63$444,140
May 20245,96636,03578.812.20$549,401
Apr 20245,94833,19984.451.66$557,392
Mar 20247,12537,07580.301.55$629,423
Feb 20247,67432,64876.091.78$642,147
Jan 2024687,28873.023.30$28,999
Dec 20231,15511,05371.262.61$111,162
Nov 20231,74212,77077.892.81$171,537
Oct 202325827385.443.09$22,886
Sep 20235,32230,61989.042.74$557,615
Aug 20236,97843,09280.522.67$677,048
Jul 20237,67642,43474.852.64$686,651
Jun 20237,30141,74968.962.26$597,766
May 20238,74149,10370.622.23$726,661
Apr 20238,81649,24178.122.24$798,895
Mar 202310,44053,45672.852.39$888,483
Feb 20239,27645,57475.112.47$809,091
Jan 202310,44246,12576.533.39$955,385
Dec 202210,56945,86976.415.73$1,070,364
Nov 202210,31946,06785.005.65$1,137,219
Oct 202211,58351,62787.185.86$1,312,534
Sep 202212,42252,48484.888.16$1,482,842
Aug 202212,10054,98394.529.13$1,645,531
Jul 202214,64563,491101.587.54$1,966,493
Jun 20227,16639,664115.097.98$1,141,143
May 202211,41454,876109.378.43$1,711,121
Apr 202218,97288,141104.226.84$2,579,935
Mar 202215,48652,644108.885.08$1,953,358
Feb 202211,39546,77791.054.86$1,264,797
Jan 202217,74675,40181.844.54$1,794,478
Dec 202119,21778,59671.323.90$1,677,012
Nov 202120,22581,89377.435.24$1,994,883
Oct 202121,79190,47679.795.71$2,255,672
Sep 202122,68995,15369.865.35$2,094,210
Aug 202125,518105,90966.024.22$2,131,697
Jul 202126,166109,23570.783.98$2,287,012
Jun 202128,012117,41669.493.38$2,343,493
May 202130,506130,70463.483.02$2,330,942
Apr 202131,175137,21860.362.76$2,260,228
Mar 202133,198154,35161.302.72$2,454,400
Feb 202126,429117,78657.805.55$2,181,067
Jan 202138,531165,84550.412.81$2,408,417
Dec 20202,93514,30344.642.68$169,286

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         2,605 bbl  × $106.41 =   $277,198
Gas               12,205 Mcf  × $  3.05 =    $37,174

────────────────────────────────────────────────────
Month total                                 $314,373

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/291562 is the state's own key, not one this site invented.