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SARATOGA C

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 291641District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$46.2 M
Dec 2020 – May 2026
Value, last 12 filed months
$1.8 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-1112021-12-15229464

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
CondensateDisposition396,362 bbl$29,100,763
GasProduction4,111,508 Mcf$17,099,853
Total$46,200,617

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 30.1657, -96.6774. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.16572, -96.67742 · 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
11,545 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 11,545 ft.

Completions filed
Dec 2020
1 of 1 wells

1 well

42-477311393H11,545 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 20261,27414,654106.413.05$180,200
Apr 20261,52514,73498.932.87$193,151
Mar 20261,43515,93389.753.15$178,971
Feb 20261,02814,05463.503.75$117,985
Jan 20261,22115,78459.138.00$198,437
Dec 20251,52716,19356.664.41$157,985
Nov 20251,12016,68458.593.93$131,130
Oct 20251,08317,76859.383.30$123,029
Sep 202580119,40362.743.08$109,956
Aug 20255549,68663.933.01$64,618
Jul 20251,21819,37066.743.32$145,505
Jun 20251,37122,55166.483.13$161,700
May 20251,23223,64760.553.23$151,032
Apr 20251,24923,47662.363.54$161,066
Mar 20251,52625,11167.704.27$210,492
Feb 20251,19122,55670.884.34$182,330
Jan 20251,13926,08574.324.28$196,260
Dec 20241,25726,88868.993.12$170,648
Nov 20241,23326,95769.052.20$144,402
Oct 20241,18527,32171.372.28$146,904
Sep 20241,32828,62269.612.36$160,115
Aug 20241,32729,56275.632.06$161,366
Jul 20241,27930,50979.932.15$167,721
Jun 20241,44130,55778.082.63$193,000
May 20241,45331,35678.812.20$183,445
Apr 20243769,47884.451.66$47,479
Mar 20241,13824,01880.301.55$128,492
Feb 20241,55729,06576.091.78$170,314
Jan 20241,71031,25573.023.30$227,933
Dec 20231,83433,25371.262.61$217,505
Nov 20231,62835,13077.892.81$225,435
Oct 20231,77838,55985.443.09$270,955
Sep 20232756,26089.042.74$41,607
Aug 20231,95627,47280.522.67$230,926
Jul 20232,88757,08974.852.64$366,910
Jun 20233,52658,08168.962.26$374,328
May 20233,45863,05570.622.23$384,653
Apr 20233,51764,20378.122.24$418,419
Mar 20233,99465,83772.852.39$448,521
Feb 20234,03760,24475.112.47$451,762
Jan 20235,53660,16576.533.39$627,492
Dec 20224,52859,49876.415.73$686,853
Nov 20224,57761,19685.005.65$734,570
Oct 20226,10468,21687.185.86$932,149
Sep 20226,70267,85884.888.16$1,122,837
Aug 20229,16673,57694.529.13$1,537,910
Jul 20228,68677,801101.587.54$1,469,105
Jun 20226,44281,024115.097.98$1,387,754
May 20226,82556,251109.378.43$1,220,817
Apr 202210,70289,098104.226.84$1,724,579
Mar 20227,61074,557108.885.08$1,207,058
Feb 20229,18390,85791.054.86$1,277,572
Jan 202211,654112,11481.844.54$1,462,501
Dec 202113,040120,19671.323.90$1,398,671
Nov 202113,337121,41577.435.24$1,668,516
Oct 202115,160133,67379.795.71$1,973,407
Sep 202115,314137,22069.865.35$1,804,089
Aug 202117,327149,12366.024.22$1,773,316
Jul 202118,211162,01170.783.98$1,934,115
Jun 202118,518166,78969.493.38$1,850,666
May 202121,559188,14263.483.02$1,936,316
Apr 202124,748197,36060.362.76$2,038,191
Mar 202125,485211,99361.302.72$2,138,203
Feb 202120,252166,28757.805.55$2,093,118
Jan 202129,068214,58150.412.81$2,068,348
Dec 20201,96018,04744.642.68$135,778

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         1,274 bbl  × $106.41 =   $135,566
Gas               14,654 Mcf  × $  3.05 =    $44,634

────────────────────────────────────────────────────
Month total                                 $180,200

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/291641 is the state's own key, not one this site invented.