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BUCKY BADGER

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 295191District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.3 M
Jun 2022 – May 2026
Value, last 12 filed months
$1.6 M
at the published price for each month
Months reported
48
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-1112024-06-11234522

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
CondensateDisposition154,013 bbl$12,737,442
GasProduction1,327,330 Mcf$5,538,312
Total$18,275,754

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 30.2668, -96.6733. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.26683, -96.67334 · 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
10,103 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 10,103 ft.

Completions filed
Jun 2022
1 of 1 wells

1 well

42-28732761H 02BB10,103 ftJun 2022——

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 (48)

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

48 months

May 20261,11713,487106.413.05$159,939
Apr 202674016,30798.932.87$120,005
Mar 202650911,82589.753.15$82,925
Feb 202657913,33563.503.75$86,777
Jan 202692417,45159.138.00$194,208
Dec 20251,01417,18956.664.41$133,314
Nov 20251,18518,30358.593.93$141,295
Oct 20251,10717,03059.383.30$122,015
Sep 20251,27717,33362.743.08$133,451
Aug 20251,29818,80563.933.01$139,674
Jul 20251,40120,27566.743.32$160,718
Jun 20251,39520,39166.483.13$156,537
May 20251,52622,92460.553.23$166,497
Apr 20251,72624,62362.363.54$194,876
Mar 20252,15627,20967.704.27$262,098
Feb 20251,98727,08670.884.34$258,415
Jan 202562,73174.324.28$12,131
Dec 20241,19214,14968.993.12$126,400
Nov 20241,66424,06069.052.20$167,794
Oct 20242,22425,19671.372.28$216,209
Sep 20241,50618,21669.612.36$147,902
Aug 20241,39921,87375.632.06$150,944
Jul 20241,34815,65979.932.15$141,359
Jun 20241,57919,93278.082.63$175,789
May 20241,67623,60678.812.20$183,982
Apr 20247167,89784.451.66$73,569
Mar 20242,28229,91580.301.55$229,467
Feb 20242,11427,43076.091.78$209,780
Jan 20242,70533,14473.023.30$306,817
Dec 20232,80838,50771.262.61$300,629
Nov 20232,85534,39877.892.81$318,950
Oct 20233,30831,10785.443.09$378,672
Sep 20233,31831,78489.042.74$382,365
Aug 20232,51825,43780.522.67$270,739
Jul 20233311,75774.852.64$29,417
Jun 20233,30033,33268.962.26$302,848
May 20234,24835,50570.622.23$379,078
Apr 20233,84531,18578.122.24$370,156
Mar 20234,78234,66672.852.39$431,330
Feb 20234,96734,17675.112.47$457,338
Jan 20236,10242,13276.533.39$609,717
Dec 20226,86946,42676.415.73$790,839
Nov 20227,96651,52585.005.65$968,030
Oct 20229,65863,51387.185.86$1,214,409
Sep 202210,91067,55084.888.16$1,477,497
Aug 202213,37670,83594.529.13$1,910,822
Jul 202216,35163,296101.587.54$2,138,318
Jun 20226,14922,818115.097.98$889,712

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         1,117 bbl  × $106.41 =   $118,860
Gas               13,487 Mcf  × $  3.05 =    $41,079

────────────────────────────────────────────────────
Month total                                 $159,939

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/295191 is the state's own key, not one this site invented.