MICHELE UNIT

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.

Oil lease lease 12041District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.2 M
Jan 1993 – May 2022
Value, last 12 filed months
$0
at the published price for each month
Months reported
353
no gaps in the span
Streams
2
oil, casinghead gas

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

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
OilDisposition92,145 bbl$2,572,684
Casinghead gasProduction212,037 Mcf$611,101
Total$3,183,785

66,569 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

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 30.3134, -96.7966. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.31338, -96.79663 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
7,922 ft
1 wells filed one
Completion to plug
43.5 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 7,922 ft.

Completions filed
Oct 1978
1 of 1 wells
Plug dates filed
Apr 2022
1 of 1 wells

Last completion to plug: a median of 43.5 years across the 1 well that filed both dates, with the middle half between 43.5 years and 43.5 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-2873038917,922 ftOct 1978Apr 2022Yes

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 (353)

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

353 months

May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 202101157.805.55$61
Jan 202102350.412.81$65
Dec 202002444.642.68$64
Nov 20200038.772.71$0
Oct 202071036.972.48$2,625
Sep 20200037.091.99$0
Aug 2020013639.982.39$324
Jul 20203113738.371.83$1,440
Jun 2020014334.901.69$242
May 2020015416.921.81$279
Apr 2020016914.751.80$305
Mar 2020017430.341.86$323
Feb 2020016849.881.98$333
Jan 2020017757.252.09$371
Dec 2019016559.012.30$380
Nov 2019017955.302.75$492
Oct 2019022753.472.42$549
Sep 2019016355.052.66$433
Aug 2019017853.112.30$410
Jul 2019018756.272.46$460
Jun 2019022052.782.49$548
May 2019025258.482.74$691
Apr 201904762.632.75$129
Mar 2019014956.803.06$456
Feb 2019020650.852.79$575
Jan 2019024946.033.23$804
Dec 2018020046.594.19$837
Nov 2018032252.934.24$1,364
Oct 201816927861.443.40$11,328
Sep 2018031459.543.11$976
Aug 2018030959.403.07$948
Jul 2018033065.142.93$968
Jun 2018030060.183.08$923
May 2018033565.382.90$972
Apr 201817831063.842.90$12,263
Mar 2018029661.222.79$825
Feb 2018032061.782.77$885
Jan 2018033762.874.01$1,351
Dec 2017035957.272.92$1,049
Nov 201718234355.423.12$11,156
Oct 2017034849.292.98$1,038
Sep 2017025447.523.09$784
Aug 2017028845.373.00$865
Jul 201716533043.873.09$8,257
Jun 2017031942.493.09$985
May 2017035545.373.26$1,159
Apr 201717035047.933.21$9,272
Mar 2017034046.772.98$1,014
Feb 2017030050.452.95$886
Jan 201715634649.413.42$8,891
Dec 2016033448.763.72$1,243
Nov 201616333542.492.64$7,812
Oct 2016036846.193.09$1,137
Sep 201616535041.553.10$7,941
Aug 2016036841.442.92$1,076
Jul 2016036341.622.92$1,062
Jun 201615437745.352.69$7,996
May 2016034042.521.99$677
Apr 201616836536.561.99$6,869
Mar 2016036333.011.79$651
Feb 2016137026.472.06$790
Jan 201616338427.352.36$5,366
Dec 2015041232.362.00$825
Nov 2015035438.792.17$767
Oct 201516538143.552.43$8,110
Sep 2015038642.992.76$1,065
Aug 201516748340.162.87$8,094
Jul 2015039548.152.95$1,163
Jun 2015027056.152.88$778
May 2015042255.212.96$1,247
Apr 201516842249.822.71$9,512
Mar 2015143442.892.93$1,317
Feb 2015240444.662.98$1,292
Jan 2015244643.433.10$1,470
Dec 201417444054.693.59$11,096
Nov 2014245070.464.25$2,054
Oct 2014149778.303.90$2,017
Sep 201416838786.164.05$16,040
Aug 2014142889.394.04$1,816
Jul 2014136796.564.18$1,630
Jun 201417235198.164.74$18,546
May 2014137494.734.73$1,862
Apr 2014141595.944.81$2,092
Mar 201416940195.895.06$18,233
Feb 2014131097.406.19$2,017
Jan 2014132990.404.86$1,690
Dec 201317835391.824.35$17,881
Nov 2013035488.853.74$1,323
Oct 2013039397.423.78$1,485
Sep 20130374104.113.72$1,390
Aug 2013175364104.253.52$19,526
Jul 20130278102.523.72$1,034
Jun 201317517094.403.93$17,189
May 20130094.834.15$0
Apr 2013023793.964.28$1,015
Mar 2013030793.623.91$1,201
Feb 201317734191.233.42$17,314
Jan 2013141791.603.42$1,518
Dec 2012039086.773.42$1,334
Nov 201217735986.953.62$16,692
Oct 2012030989.383.40$1,051
Sep 2012041994.672.92$1,223
Aug 201217443492.662.91$17,385
Jul 2012040685.133.02$1,226
Jun 201217340579.822.52$14,829
May 2012041291.612.49$1,025
Apr 2012175194101.652.00$18,176
Mar 20120254105.052.22$564
Feb 20120189101.102.57$486
Jan 2012024698.092.73$673
Dec 201117719096.873.24$17,762
Nov 2011025195.723.31$831
Oct 2011128784.983.65$1,132
Sep 201117320383.623.99$15,275
Aug 2011130283.404.15$1,336
Jul 2011131494.144.52$1,513
Jun 201117319292.904.64$16,963
May 2011127298.134.40$1,296
Apr 20111273105.964.33$1,289
Mar 201117132096.364.06$17,776
Feb 2011130585.644.18$1,361
Jan 201117830686.504.59$16,801
Dec 2010040385.734.35$1,752
Nov 2010031480.843.80$1,192
Oct 201015145278.103.51$13,379
Sep 2010142672.633.98$1,768
Aug 201016934073.684.42$13,955
Jul 2010222972.554.74$1,230
Jun 201019112570.364.91$14,053
May 201017739371.124.24$14,253
Apr 2010027481.694.12$1,130
Mar 201017439978.394.39$15,391
Feb 201017736473.585.44$15,005
Jan 201017537074.365.96$15,220
Dec 2009041171.445.48$2,254
Nov 2009039074.593.75$1,463
Oct 200917728872.544.11$14,023
Sep 2009039065.543.06$1,195
Aug 2009040967.423.22$1,316
Jul 200935343561.133.46$23,086
Jun 2009034466.163.90$1,340
May 2009043754.743.93$1,716
Apr 2009013146.773.59$470
Mar 200934727742.144.06$15,747
Feb 2009125132.814.63$1,196
Jan 20090035.865.37$0
Dec 2008023837.105.98$1,423
Nov 2008113255.496.86$961
Oct 2008010675.246.92$734
Sep 20080326101.767.88$2,568
Aug 20080322114.228.48$2,732
Jul 2008175450131.0811.39$28,064
Jun 2008182500131.3313.03$30,418
May 2008184490123.1711.57$28,335
Apr 20080569110.3110.45$5,949
Mar 20080533101.909.66$5,151
Feb 200817456392.538.77$21,038
Jan 200817950290.388.21$20,297
Dec 2007053188.337.30$3,877
Nov 200735853891.677.29$36,741
Oct 2007043482.856.92$3,004
Sep 2007051475.846.24$3,210
Aug 20072360269.066.39$5,434
Jul 200736349870.906.39$28,918
Jun 2007038562.007.55$2,906
May 200735934858.747.85$23,818
Apr 2007050959.617.81$3,973
Mar 2007046656.927.30$3,403
Feb 200752938855.108.22$32,336
Jan 2007010050.306.73$673
Dec 2006052356.656.92$3,618
Nov 2006043654.207.62$3,321
Oct 200635344254.906.01$22,038
Sep 2006041860.085.04$2,106
Aug 2006031668.717.34$2,319
Jul 200617949669.376.34$15,563
Jun 2006040366.286.38$2,573
May 200634738766.016.42$25,392
Apr 2006050464.397.36$3,710
Mar 200636252756.707.08$24,258
Feb 2006048557.597.75$3,759
Jan 2006057560.598.93$5,137
Dec 200518259854.9413.42$18,021
Nov 200518141754.6910.59$14,314
Oct 2005071358.3413.80$9,836
Sep 200518147061.4512.08$16,800
Aug 200535569261.519.80$28,615
Jul 2005034855.697.84$2,730
Jun 200518072152.337.38$14,741
May 200535769145.226.65$20,739
Apr 200517671849.207.36$13,944
Mar 200535048250.377.15$21,078
Feb 200553673845.226.31$28,896
Jan 200517426643.166.32$9,192
Dec 200435365039.866.75$18,459
Nov 200435565645.286.33$20,227
Oct 200435877049.706.52$22,809
Sep 200417630543.245.28$9,222
Aug 200435037742.375.55$16,922
Jul 200435580538.286.08$18,487
Jun 20041777136.106.43$6,846
May 200453260237.486.49$23,849
Apr 200471047934.475.86$27,280
Mar 200452935934.365.53$20,162
Feb 200453545132.455.51$19,846
Jan 200487770832.036.30$32,550
Dec 200317442730.266.30$7,956
Nov 200335351528.804.60$12,533
Oct 200318957428.174.76$8,056
Sep 200355760826.314.75$17,542
Aug 200338271129.765.13$15,016
Jul 200356561629.415.17$19,802
Jun 200337659028.565.98$14,269
May 200338560026.595.97$13,821
Apr 200372869926.675.41$23,195
Mar 200354374931.146.10$21,475
Feb 200373550933.487.93$28,642
Jan 200370968830.315.58$25,330
Dec 200289167926.914.85$27,273
Nov 200256658724.664.14$16,386
Oct 200253961126.464.23$16,846
Sep 200274864527.443.64$22,870
Aug 200291078225.963.16$26,098
Jul 20021,09466824.583.06$28,936
Jun 200254632223.733.34$14,031
May 200254873424.663.58$16,144
Apr 200252665423.653.51$14,737
Mar 200254372722.003.10$14,202
Feb 200252876918.222.38$11,447
Jan 200271583517.172.38$14,260
Dec 200155794616.932.36$11,667
Nov 200154681118.072.41$11,817
Oct 200170082519.782.53$15,932
Sep 200153378824.262.25$14,705
Aug 200153282724.873.05$15,756
Jul 200153979523.933.20$15,440
Jun 200170172924.563.82$20,004
May 200136380525.524.31$12,731
Apr 200156778724.685.34$18,192
Mar 200153875724.545.38$17,272
Feb 200153073227.755.77$18,929
Jan 200156478627.478.40$22,095
Dec 200055182326.889.12$22,319
Nov 200054978732.215.66$22,136
Oct 200037187031.235.15$16,063
Sep 200054578031.875.19$21,415
Aug 200017278129.644.54$8,644
Jul 200036666028.534.09$13,141
Jun 200019266329.304.40$8,541
May 200036283627.263.68$12,944
Apr 200036488624.513.12$11,682
Mar 200055696928.422.86$18,573
Feb 200052967027.622.73$16,438
Jan 200055893125.272.48$16,410
Dec 199972395724.282.42$19,874
Nov 19991,0831,07723.192.43$27,736
Oct 199936297420.982.80$10,326
Sep 199936893221.752.62$10,445
Aug 199936295819.262.88$9,727
Jul 199973193517.892.37$15,296
Jun 199953893415.942.36$10,782
May 199936097715.792.32$7,952
Apr 19997041,00915.102.21$12,858
Mar 199955296312.471.84$8,654
Feb 19995219099.981.82$6,852
Jan 19995541,04610.381.90$7,738
Dec 19985531,0779.201.77$6,997
Nov 199855887510.892.19$7,989
Oct 19985591,15612.421.97$9,219
Sep 19987311,17112.592.08$11,642
Aug 19983661,25411.301.91$6,528
Jul 19985381,37411.742.24$9,390
Jun 19985511,33911.242.24$9,189
May 19989101,53412.622.21$14,869
Apr 19987541,36613.042.51$13,254
Mar 19981,1021,54712.802.31$17,678
Feb 19981,0381,39913.952.30$17,697
Jan 19981,2661,59314.702.15$22,043
Dec 19971,3001,74016.322.41$25,411
Nov 199734579918.193.09$8,743
Oct 199738286819.253.15$10,088
Sep 199738163317.742.95$8,629
Aug 199755789717.862.55$12,240
Jul 199718685117.582.25$5,182
Jun 199736685517.242.26$8,240
May 199737688418.972.31$9,173
Apr 199738694417.882.08$8,868
Mar 199737797418.951.94$9,033
Feb 199719791820.492.21$6,062
Jan 199738689523.483.54$12,231
Dec 199673683623.32$17,164
Nov 1996071421.97$0
Oct 199636681123.31$8,531
Sep 199637578622.22$8,333
Aug 199618980820.26$3,829
Jul 199638389919.55$7,488
Jun 199637780618.73$7,061
May 199619073919.43$3,692
Apr 199638474221.51$8,260
Mar 199639470819.38$7,636
Feb 199618869016.98$3,192
Jan 199639564617.07$6,743
Dec 199536690717.19$6,292
Nov 199535582416.00$5,680
Oct 199536492815.43$5,617
Sep 199536996216.18$5,970
Aug 19951861,03415.92$2,961
Jul 19953801,14715.24$5,791
Jun 19951931,06616.41$3,167
May 19953771,19017.56$6,620
Apr 19955651,20517.73$10,017
Mar 19957531,34116.44$12,379
Feb 19957211,15816.58$11,954
Jan 19957141,32415.92$11,367
Dec 19945371,34015.03$8,071
Nov 19947221,23015.90$11,480
Oct 19947181,64615.58$11,186
Sep 19945771,55515.29$8,822
Aug 19947521,44616.13$12,130
Jul 19945491,70517.56$9,640
Jun 19947391,58817.09$12,630
May 19946411,71815.88$10,179
Apr 19948641,66914.14$12,217
Mar 19947001,85512.46$8,722
Feb 19945261,77112.50$6,575
Jan 19945451,90212.66$6,900
Dec 19936971,68712.33$8,594
Nov 19937191,66914.49$10,418
Oct 19935371,95415.85$8,511
Sep 19937072,02215.03$10,626
Aug 19935332,12115.66$8,347
Jul 19937162,20815.46$11,069
Jun 19936952,11616.79$11,669
May 19939242,29017.68$16,336
Apr 19939072,18318.05$16,371
Mar 19931,1092,26718.14$20,117
Feb 19937572,07517.90$13,550
Jan 19937382,28116.93$12,494

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.

Feb 2021 — as filed, then multipliedworked
Oil                    0 bbl  × $ 57.80 =         $0
Casinghead gas        11 Mcf  × $  5.55 =        $61

────────────────────────────────────────────────────
Month total                                      $61

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/O/12041 is the state's own key, not one this site invented.