KLONDIKE RUSH

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 295978District 03Field 34733500CondensateGasSave
Value, all time
$40.5 M
Jul 2022 – May 2026
Value, last 12 filed months
$3.1 M
at the published price for each month
Months reported
47
no gaps in the span
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
CondensateDisposition381,010 bbl$30,674,410
GasProduction2,381,237 Mcf$9,852,668
Total$40,527,078

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 30.1684, -96.6992. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.16840, -96.69922 · 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
11,163 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 11,163 ft.

Completions filed
Jul 2022
1 of 1 wells

1 well

42-47731192H 06KL11,163 ftJul 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 (47)

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

47 months

May 20262,61918,176106.413.05$334,049
Apr 20262,57618,23698.932.87$307,176
Mar 20262,21516,61189.753.15$251,112
Feb 20262,47417,12863.503.75$221,334
Jan 20262,46617,97059.138.00$289,537
Dec 20252,24319,48856.664.41$213,096
Nov 20252,76319,63758.593.93$238,988
Oct 20252,92320,47759.383.30$241,241
Sep 20253,03420,59762.743.08$253,728
Aug 20253,10222,09263.933.01$264,913
Jul 20252,76623,77766.743.32$263,428
Jun 20252,76923,37766.483.13$257,223
May 20253,14225,16260.553.23$271,580
Apr 20253,32824,90662.363.54$295,779
Mar 20253,17023,64767.704.27$315,542
Feb 20253,40024,86070.884.34$348,905
Jan 20252,87625,89174.324.28$324,524
Dec 20243,46426,13368.993.12$320,552
Nov 20244,24429,85669.052.20$358,685
Oct 20244,40932,28771.372.28$388,330
Sep 20244,55733,08269.612.36$395,431
Aug 20244,57635,66975.632.06$419,691
Jul 20244,61536,97979.932.15$448,256
Jun 20244,92736,20878.082.63$480,071
May 20245,20739,86878.812.20$498,011
Apr 20245,08241,69184.451.66$498,349
Mar 20245,56546,42980.301.55$518,608
Feb 20245,83145,43776.091.78$524,724
Jan 20246,50549,00573.023.30$636,597
Dec 20237,42655,19571.262.61$673,275
Nov 20238,19857,87177.892.81$801,019
Oct 20238,79759,23785.443.09$934,497
Sep 20238,53661,30089.042.74$927,703
Aug 20238,84765,53180.522.67$887,517
Jul 20239,99069,72174.852.64$931,940
Jun 20239,84966,22668.962.26$828,757
May 202311,15770,18470.622.23$944,235
Apr 202311,91570,86178.122.24$1,089,370
Mar 202313,04278,43772.852.39$1,137,822
Feb 202312,92679,35175.112.47$1,166,526
Jan 202315,75895,49876.533.39$1,529,480
Dec 202218,123105,87176.415.73$1,991,322
Nov 202219,774107,36585.005.65$2,286,994
Oct 202223,917123,10587.185.86$2,806,942
Sep 202226,370130,68584.888.16$3,305,156
Aug 202230,813149,86394.529.13$4,280,268
Jul 202228,724120,260101.587.54$3,824,794

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         2,619 bbl  × $106.41 =   $278,688
Gas               18,176 Mcf  × $  3.05 =    $55,361

────────────────────────────────────────────────────
Month total                                 $334,049

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/295978 is the state's own key, not one this site invented.