OZARK

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 293424District 03Field 34733500CondensateGasSave
Value, all time
$36.4 M
Aug 2021 – May 2026
Value, last 12 filed months
$1.9 M
at the published price for each month
Months reported
57
1 month not filed
Streams
2
condensate, gas

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
CondensateDisposition144,678 bbl$12,233,185
GasProduction4,778,914 Mcf$24,169,400
Total$36,402,585

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 29.9677, -96.6878. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.96770, -96.68777 · 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
13,098 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 13,098 ft.

Completions filed
Aug 2021
1 of 1 wells

1 well

42-149335221H13,098 ftAug 2021

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 (57)

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

57 months

May 20261,02526,191106.413.05$188,844
Apr 202681429,76898.932.87$165,955
Mar 202665118,11789.753.15$115,486
Feb 202688523,52063.503.75$144,405
Jan 20261,03529,90059.138.00$300,337
Dec 202545619,87856.664.41$113,566
Nov 202555117,43758.593.93$100,748
Oct 202592233,94059.383.30$166,915
Sep 202570617,78662.743.08$99,021
Aug 202579129,81163.933.01$140,442
Jul 202598430,54566.743.32$166,935
Jun 202590530,30766.483.13$154,987
May 202590831,80960.553.23$157,796
Apr 202598232,47862.363.54$176,311
Mar 202597634,69667.704.27$214,169
Feb 20251,01533,23670.884.34$216,215
Jan 202584233,70874.324.28$206,803
Dec 202473538,92068.993.12$172,191
Nov 202471840,15169.052.20$137,847
Oct 202480341,99471.372.28$153,115
Sep 202466742,69169.612.36$147,367
Aug 202468944,20575.632.06$143,332
Jul 202476642,06879.932.15$151,529
Jun 20241,28638,38478.082.63$201,514
May 20241,57141,30578.812.20$214,617
Apr 20241,46340,49984.451.66$190,746
Mar 20241,74342,73880.301.55$205,999
Feb 20241,14140,97676.091.78$159,905
Jan 20241,12347,01473.023.30$237,038
Dec 20231,11640,84371.262.61$186,156
Nov 20231,05045,91177.892.81$210,682
Oct 20231,06548,42185.443.09$240,483
Sep 202391547,47289.042.74$211,309
Aug 20231,03447,03080.522.67$208,963
Jul 202362823,14274.852.64$108,142
Jun 20231,30649,53068.962.26$201,924
May 20231,08726,26670.622.23$135,269
Apr 202311,58778.122.24$3,629
Mar 20232,49870,95472.852.39$351,784
Feb 20232,874102,94775.112.47$469,701
Jan 20233,791121,33676.533.39$701,178
Dec 20223,824123,40476.415.73$999,183
Nov 20223,612133,34285.005.65$1,059,896
Oct 20224,515144,58687.185.86$1,241,435
Sep 20224,717152,23384.888.16$1,643,160
Aug 20225,411167,28594.529.13$2,038,285
Jul 20225,298178,257101.587.54$1,882,599
Jun 20225,811184,629115.097.98$2,141,610
May 20226,324204,225109.378.43$2,413,893
Apr 20226,548212,638104.226.84$2,136,366
Mar 20227,899236,609108.885.08$2,061,165
Feb 20226,847232,10291.054.86$1,751,166
Dec 202110,084304,48871.323.90$1,906,426
Nov 202110,809319,59777.435.24$2,510,622
Oct 202111,034337,62479.795.71$2,809,543
Sep 20217,427235,95169.865.35$1,781,405
Aug 2021012,43366.024.22$52,475

Not filed, and not zero: Jan 2022. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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         1,025 bbl  × $106.41 =   $109,070
Gas               26,191 Mcf  × $  3.05 =    $79,774

────────────────────────────────────────────────────
Month total                                 $188,844

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/293424 is the state's own key, not one this site invented.