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ZION NARROWS

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 300816District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$21.5 M
Nov 2022 – May 2026
Value, last 12 filed months
$2.3 M
at the published price for each month
Months reported
43
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-1112026-02-05235541

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
CondensateDisposition255,824 bbl$19,218,490
GasProduction784,547 Mcf$2,309,788
Total$21,528,278

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 30.1442, -96.7397. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.14421, -96.73968 · 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
10,760 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 10,760 ft.

Completions filed
Nov 2022
1 of 1 wells

1 well

42-47731205H 08ZN10,760 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 20262,11710,465106.413.05$257,145
Apr 20262,1358,34698.932.87$235,166
Mar 20262,3968,28389.753.15$241,128
Feb 20261,9345,65663.503.75$144,021
Jan 20261,6213,90759.138.00$127,098
Dec 20251,6544,91956.664.41$115,425
Nov 20252,3037,53358.593.93$164,511
Oct 20252,9178,43759.383.30$201,094
Sep 20252,9428,23262.743.08$209,910
Aug 20252,4949,34163.933.01$187,602
Jul 20252,3739,78966.743.32$190,827
Jun 20252,3169,64166.483.13$184,132
May 20252,0626,66460.553.23$146,394
Apr 20252,5279,65062.363.54$191,775
Mar 20255,89312,84967.704.27$453,800
Feb 20254,41112,38970.884.34$366,430
Jan 20253,73213,81874.324.28$336,485
Dec 20243,21212,72668.993.12$261,318
Nov 20243,23410,64269.052.20$246,704
Oct 20243,38111,83571.372.28$268,302
Sep 20243,37411,52769.612.36$262,118
Aug 20243,21510,85475.632.06$265,549
Jul 20243,25911,25079.932.15$284,641
Jun 20243,67413,69678.082.63$322,941
May 20244,42912,78778.812.20$377,161
Apr 20244,69712,20284.451.66$416,907
Mar 20245,30117,13380.301.55$452,143
Feb 20245,31215,35076.091.78$431,569
Jan 20245,95317,41673.023.30$492,120
Dec 20236,64523,10371.262.61$533,838
Nov 20237,62127,43077.892.81$670,611
Oct 20238,57431,33285.443.09$829,293
Sep 20238,82333,56889.042.74$877,410
Aug 20239,58134,48380.522.67$863,631
Jul 202310,47333,88374.852.64$873,416
Jun 202310,50337,42168.962.26$808,801
May 202312,28743,71070.622.23$965,068
Apr 202312,30933,48978.122.24$1,036,519
Mar 202315,06443,12472.852.39$1,200,615
Feb 202315,84140,75275.112.47$1,290,299
Jan 202321,33448,95376.533.39$1,798,530
Dec 202220,82643,79876.415.73$1,842,237
Nov 20221,0752,16485.005.65$103,593

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         2,117 bbl  × $106.41 =   $225,270
Gas               10,465 Mcf  × $  3.05 =    $31,875

────────────────────────────────────────────────────
Month total                                 $257,145

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/300816 is the state's own key, not one this site invented.