ZION GROTTO

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 300242District 03Field 34733500CondensateGasSave
Value, all time
$32.6 M
Nov 2022 – May 2026
Value, last 12 filed months
$2.7 M
at the published price for each month
Months reported
43
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
CondensateDisposition384,618 bbl$28,727,353
GasProduction1,332,982 Mcf$3,885,677
Total$32,613,030

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 30.1448, -96.7312. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.14483, -96.73122 · 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
10,820 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 10,820 ft.

Completions filed
Nov 2022
1 of 1 wells

1 well

42-47731207H 12ZN10,820 ftNov 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 (43)

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

43 months

May 20262,58913,740106.413.05$317,345
Apr 20262,4049,18198.932.87$264,175
Mar 20262,0098,12689.753.15$205,900
Feb 20261,7556,94563.503.75$137,488
Jan 20262,1627,09459.138.00$184,576
Dec 20252816556.664.41$2,315
Nov 20251,7499,08358.593.93$138,138
Oct 20253,27015,57159.383.30$245,632
Sep 20252,74013,93962.743.08$214,797
Aug 20253,47417,40763.933.01$274,571
Jul 20254,51122,51966.743.32$375,719
Jun 20254,54623,56566.483.13$375,946
May 20254,87924,57360.553.23$374,851
Apr 20255,25824,70562.363.54$415,422
Mar 20255,60824,92867.704.27$486,062
Feb 20256,10925,74470.884.34$544,757
Jan 20257,11431,29574.324.28$662,614
Dec 20247,19533,23568.993.12$600,122
Nov 20247,14733,88969.052.20$568,003
Oct 20248,27638,55371.372.28$678,613
Sep 20249,88542,21569.612.36$787,906
Aug 202412,35951,86875.632.06$1,041,748
Jul 20249,76439,99579.932.15$866,289
Jun 20245,21020,38378.082.63$460,485
May 20245,20422,35278.812.20$459,267
Apr 20245,31322,22084.451.66$485,550
Mar 20246,02523,43080.301.55$520,010
Feb 20246,20523,70676.091.78$514,421
Jan 20247,11928,23573.023.30$612,939
Dec 20237,66532,16071.262.61$630,169
Nov 20238,58534,54677.892.81$765,676
Oct 20239,66932,69685.443.09$927,061
Sep 20239,60635,13589.042.74$951,414
Aug 202310,28740,95480.522.67$937,774
Jul 202315,89351,89374.852.64$1,326,682
Jun 202316,72949,13268.962.26$1,264,595
May 202319,56448,86470.622.23$1,490,449
Apr 202321,19754,35678.122.24$1,777,545
Mar 202327,85971,94772.852.39$2,201,709
Feb 202327,71270,51175.112.47$2,255,306
Jan 202331,57383,31476.533.39$2,698,526
Dec 202227,38066,40976.415.73$2,472,568
Nov 20229922,40485.005.65$97,893

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         2,589 bbl  × $106.41 =   $275,495
Gas               13,740 Mcf  × $  3.05 =    $41,850

────────────────────────────────────────────────────
Month total                                 $317,345

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/300242 is the state's own key, not one this site invented.