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BYRDE

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (AUSTIN CHALK, GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 297160District 03Field 347735502 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.6 M
May 2023 – May 2026
Value, last 12 filed months
$3.5 M
at the published price for each month
Months reported
37
no gaps in the span
Streams
2
condensate, gas

The GIDDINGS (AUSTIN CHALK, GAS) 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 1,061 leases and 1,061 wells, and the rule below applies to all of them.

Discovered
1978-08-01
as the register files it
Field class
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 2018-10-16.

The Commission's schedule remark for this field reads: “AMENDED DRILLING PERMITS, NOTICE, OR HEARING.”

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-1112024-08-19235011

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
CondensateDisposition119,233 bbl$8,947,638
GasProduction3,764,757 Mcf$10,662,150
Total$19,609,787

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 29.9631, -96.6918. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.96311, -96.69179 · 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
13,018 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 13,018 ft.

Completions filed
May 2023
1 of 1 wells

1 well

42-14933564H 02OB13,018 ftMay 2023——

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 (37)

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

37 months

May 20261,30150,430106.413.05$292,041
Apr 20261,18550,57698.932.87$262,371
Mar 202698637,94089.753.15$207,983
Feb 20261,60552,35963.503.75$298,281
Jan 20261,93266,85559.138.00$648,940
Dec 202573131,67956.664.41$181,229
Nov 20251,11936,54958.593.93$209,070
Oct 20251,60965,65859.383.30$312,532
Sep 20251,17136,85462.743.08$186,865
Aug 20251,70960,80363.933.01$292,563
Jul 20251,81064,24566.743.32$333,784
Jun 20251,69765,42866.483.13$317,522
May 20251,51066,45760.553.23$306,241
Apr 20251,72571,58762.363.54$361,212
Mar 20251,69678,46067.704.27$449,712
Feb 20251,69677,57370.884.34$456,944
Jan 20251,85970,45474.324.28$439,611
Dec 20242,54484,20568.993.12$438,346
Nov 20242,44679,03269.052.20$342,643
Oct 20242,66482,89371.372.28$379,242
Sep 20242,40585,79669.612.36$370,265
Aug 20242,80291,59175.632.06$400,925
Jul 20243,51098,95679.932.15$492,972
Jun 20242,98397,46078.082.63$489,620
May 20243,726109,90778.812.20$535,270
Apr 20243,446112,43084.451.66$477,559
Mar 20244,028125,23080.301.55$516,945
Feb 20244,113126,40476.091.78$538,417
Jan 20244,593143,67973.023.30$809,185
Dec 20234,596134,97371.262.61$679,888
Nov 20235,209165,84977.892.81$871,360
Oct 20236,471190,83685.443.09$1,142,046
Sep 20236,765194,41889.042.74$1,134,097
Aug 20237,307223,07980.522.67$1,184,623
Jul 20238,448226,43274.852.64$1,230,521
Jun 20239,054244,08568.962.26$1,175,625
May 20236,782163,59570.622.23$843,336

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         1,301 bbl  × $106.41 =   $138,439
Gas               50,430 Mcf  × $  3.05 =   $153,602

────────────────────────────────────────────────────
Month total                                 $292,041

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/297160 is the state's own key, not one this site invented.