MAY 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 12548District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$10 k
at the published price for each month
Months reported
401
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
OilDisposition32,687 bbl$884,588
Casinghead gasProduction736,127 Mcf$2,217,828
Total$3,102,416

222,407 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 30.2979, -96.7761. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.29788, -96.77606 · 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
8,535 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 8,535 ft.

Completions filed
Feb 2006
1 of 1 wells

1 well

42-2873053418,535 ftFeb 2006

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 (401)

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

401 months

May 202600106.413.05$0
Apr 202604698.932.87$132
Mar 202605489.753.15$170
Feb 20260063.503.75$0
Jan 2026022959.138.00$1,832
Dec 2025034556.664.41$1,523
Nov 2025032858.593.93$1,288
Oct 2025033659.383.30$1,110
Sep 2025032262.743.08$991
Aug 2025034563.933.01$1,040
Jul 2025035366.743.32$1,170
Jun 2025034166.483.13$1,067
May 2025035460.553.23$1,144
Apr 2025034862.363.54$1,233
Mar 2025037067.704.27$1,579
Feb 2025056670.884.34$2,457
Jan 2025014574.324.28$620
Dec 2024017068.993.12$531
Nov 2024033069.052.20$725
Oct 2024033671.372.28$767
Sep 2024031169.612.36$735
Aug 2024042275.632.06$871
Jul 2024039779.932.15$852
Jun 2024032878.082.63$864
May 2024063678.812.20$1,398
Apr 202408884.451.66$146
Mar 2024038280.301.55$590
Feb 2024037276.091.78$664
Jan 2024034973.023.30$1,151
Dec 2023031071.262.61$809
Nov 2023025677.892.81$719
Oct 2023028985.443.09$892
Sep 2023027989.042.74$763
Aug 2023028980.522.67$772
Jul 2023027774.852.64$732
Jun 2023026068.962.26$587
May 2023027670.622.23$615
Apr 2023026878.122.24$600
Mar 2023027672.852.39$661
Feb 2023024875.112.47$611
Jan 2023026976.533.39$911
Dec 2022027876.415.73$1,593
Nov 2022026485.005.65$1,491
Oct 2022028287.185.86$1,654
Sep 2022026584.888.16$2,163
Aug 2022027094.529.13$2,464
Jul 20220263101.587.54$1,984
Jun 20220257115.097.98$2,050
May 202254257109.378.43$8,073
Apr 20220295104.226.84$2,017
Mar 20220242108.885.08$1,228
Feb 2022021291.054.86$1,030
Jan 2022023081.844.54$1,044
Dec 2021021971.323.90$854
Nov 2021020077.435.24$1,047
Oct 2021026379.795.71$1,503
Sep 2021032669.865.35$1,744
Aug 2021149966.024.22$2,172
Jul 2021049570.783.98$1,971
Jun 2021048769.493.38$1,646
May 2021051763.483.02$1,560
Apr 2021043260.362.76$1,192
Mar 2021052161.302.72$1,416
Feb 2021042057.805.55$2,330
Jan 20217743150.412.81$5,093
Dec 2020049544.642.68$1,324
Nov 2020048838.772.71$1,321
Oct 2020151836.972.48$1,321
Sep 2020050237.091.99$1,000
Aug 2020052339.982.39$1,247
Jul 2020052438.371.83$956
Jun 2020051034.901.69$862
May 2020052716.921.81$956
Apr 2020051314.751.80$926
Mar 2020055030.341.86$1,021
Feb 2020052749.881.98$1,044
Jan 2020060857.252.09$1,274
Dec 2019065959.012.30$1,519
Nov 2019072755.302.75$2,000
Oct 2019032953.472.42$796
Sep 2019014655.052.66$388
Aug 20195631853.112.30$3,707
Jul 2019039556.272.46$972
Jun 2019048752.782.49$1,213
May 2019042258.482.74$1,156
Apr 2019054762.632.75$1,505
Mar 2019044656.803.06$1,366
Feb 2019036450.852.79$1,016
Jan 2019044646.033.23$1,440
Dec 2018045846.594.19$1,917
Nov 2018041552.934.24$1,758
Oct 2018045961.443.40$1,560
Sep 2018044259.543.11$1,374
Aug 2018045559.403.07$1,395
Jul 2018046765.142.93$1,369
Jun 2018045160.183.08$1,388
May 20186647865.382.90$5,702
Apr 2018145263.842.90$1,375
Mar 2018046661.222.79$1,299
Feb 2018041561.782.77$1,148
Jan 2018046162.874.01$1,848
Dec 2017048757.272.92$1,423
Nov 2017044855.423.12$1,397
Oct 2017052249.292.98$1,557
Sep 2017147147.523.09$1,502
Aug 2017041845.373.00$1,256
Jul 2017048043.873.09$1,482
Jun 2017149642.493.09$1,574
May 20177951345.373.26$5,258
Apr 2017049747.933.21$1,596
Mar 2017051746.772.98$1,543
Feb 2017046850.452.95$1,382
Jan 2017051949.413.42$1,774
Dec 2016050448.763.72$1,876
Nov 2016043442.492.64$1,148
Oct 2016048246.193.09$1,490
Sep 2016051841.553.10$1,606
Aug 2016055041.442.92$1,608
Jul 2016056141.622.92$1,641
Jun 2016056845.352.69$1,526
May 2016057242.521.99$1,139
Apr 2016057336.561.99$1,141
Mar 20165959733.011.79$3,019
Feb 2016056626.472.06$1,168
Jan 2016061727.352.36$1,459
Dec 2015061032.362.00$1,221
Nov 2015061238.792.17$1,326
Oct 2015064943.552.43$1,575
Sep 2015064142.992.76$1,768
Aug 20157266540.162.87$4,802
Jul 2015067048.152.95$1,973
Jun 2015168056.152.88$2,016
May 2015077155.212.96$2,279
Apr 2015043649.822.71$1,180
Mar 2015036542.892.93$1,071
Feb 2015042844.662.98$1,274
Jan 20154750843.433.10$3,616
Dec 2014060854.693.59$2,184
Nov 2014059670.464.25$2,534
Oct 2014061078.303.90$2,380
Sep 2014065886.164.05$2,662
Aug 2014065089.394.04$2,623
Jul 2014072396.564.18$3,022
Jun 2014077498.164.74$3,666
May 20147085094.734.73$10,649
Apr 2014042795.944.81$2,053
Mar 2014040895.895.06$2,063
Feb 2014044597.406.19$2,755
Jan 2014046690.404.86$2,265
Dec 2013055291.824.35$2,404
Nov 2013042988.853.74$1,604
Oct 2013059397.423.78$2,241
Sep 20130673104.113.72$2,502
Aug 20130758104.253.52$2,670
Jul 20130755102.523.72$2,807
Jun 2013073794.403.93$2,899
May 2013193994.834.15$3,991
Apr 20134545393.964.28$6,168
Mar 2013068693.623.91$2,684
Feb 2013063191.233.42$2,158
Jan 2013072991.603.42$2,493
Dec 20124173386.773.42$6,065
Nov 2012071486.953.62$2,588
Oct 2012075489.383.40$2,563
Sep 2012074294.672.92$2,165
Aug 2012073392.662.91$2,132
Jul 2012073185.133.02$2,208
Jun 2012078479.822.52$1,975
May 20127178891.612.49$8,465
Apr 20121770101.652.00$1,639
Mar 20120813105.052.22$1,807
Feb 20120744101.102.57$1,912
Jan 2012077898.092.73$2,127
Dec 20117876096.873.24$10,018
Nov 2011075695.723.31$2,503
Oct 2011179384.983.65$2,978
Sep 2011075183.623.99$2,993
Aug 2011077983.404.15$3,232
Jul 2011182094.144.52$3,798
Jun 2011081392.904.64$3,772
May 2011085998.134.40$3,784
Apr 20111818105.964.33$3,651
Mar 2011085396.364.06$3,461
Feb 20113575385.644.18$6,145
Jan 2011079286.504.59$3,634
Dec 20108080085.734.35$10,337
Nov 2010078280.843.80$2,968
Oct 2010080778.103.51$2,832
Sep 2010077272.633.98$3,072
Aug 2010076473.684.42$3,376
Jul 2010079372.554.74$3,756
Jun 2010080370.364.91$3,943
May 2010088371.124.24$3,740
Apr 2010074381.694.12$3,063
Mar 20104984178.394.39$7,532
Feb 20108776373.585.44$10,554
Jan 2010079874.365.96$4,759
Dec 2009075171.445.48$4,118
Nov 20098771174.593.75$9,157
Oct 2009073472.544.11$3,017
Sep 2009072965.543.06$2,234
Aug 2009075967.423.22$2,443
Jul 2009082861.133.46$2,869
Jun 2009086866.163.90$3,381
May 2009094054.743.93$3,690
Apr 20097993146.773.59$7,035
Mar 2009134042.144.06$1,422
Feb 2009080032.814.63$3,706
Jan 2009093535.865.37$5,022
Dec 2008088437.105.98$5,284
Nov 2008163455.496.86$4,405
Oct 2008120975.246.92$1,522
Sep 20080211101.767.88$1,662
Aug 20080937114.228.48$7,949
Jul 20080992131.0811.39$11,298
Jun 200862920131.3313.03$20,132
May 20080977123.1711.57$11,308
Apr 20080951110.3110.45$9,943
Mar 200847963101.909.66$14,096
Feb 2008090592.538.77$7,937
Jan 20082896890.388.21$10,474
Dec 200718197188.337.30$23,078
Nov 2007095091.677.29$6,927
Oct 2007099982.856.92$6,915
Sep 200701,02575.846.24$6,400
Aug 200701,07969.066.39$6,893
Jul 200701,09670.906.39$7,001
Jun 20071921,04362.007.55$19,777
May 200701,07558.747.85$8,435
Apr 200701,07959.617.81$8,422
Mar 200731,36456.927.30$10,131
Feb 20072055.108.22$110
Jan 20071070950.306.73$5,272
Dec 200619793056.656.92$17,594
Nov 2006566254.207.62$5,314
Oct 2006964054.906.01$4,343
Sep 2006493860.085.04$4,965
Aug 2006489768.717.34$6,859
Jul 200611,20569.376.34$7,712
Jun 20061831,18066.286.38$19,662
May 200651,13466.016.42$7,616
Apr 200621,03164.397.36$7,717
Mar 2006870356.707.08$5,433
Feb 200613257.597.75$306
Jan 200623157460.598.93$19,124
Dec 200503,16654.9413.42$42,473
Nov 20051802,83554.6910.59$39,862
Oct 20051902,82458.3413.80$50,044
Sep 20051802,78161.4512.08$44,653
Aug 20051773,45961.519.80$44,775
Jul 20053723,90055.697.84$51,307
Jun 200511,85052.337.38$13,707
May 20051813,70545.226.65$32,827
Apr 20053653,29249.207.36$42,189
Mar 20053673,61750.377.15$44,365
Feb 20053632,56845.226.31$32,624
Jan 20051883,48343.166.32$30,134
Dec 20043663,36839.866.75$37,326
Nov 20043593,65445.286.33$39,387
Oct 20041803,95349.706.52$34,700
Sep 20041802,37443.245.28$20,327
Aug 20041793,94042.375.55$29,454
Jul 20043383,77938.286.08$35,931
Jun 20041833,42536.106.43$28,639
May 20043683,51637.486.49$36,628
Apr 20041823,36634.475.86$25,993
Mar 20043643,16834.365.53$30,027
Feb 20041793,03432.455.51$22,525
Jan 20041833,26332.036.30$26,417
Dec 20031843,59330.266.30$28,210
Nov 20031842,66528.804.60$17,545
Oct 200322,44428.174.76$11,689
Sep 20031923,38026.314.75$21,104
Aug 20031933,34629.765.13$22,908
Jul 20031923,14329.415.17$21,899
Jun 20031852,54028.565.98$20,480
May 20033752,79126.595.97$26,641
Apr 20031933,58926.675.41$24,554
Mar 200312,31331.146.10$14,131
Feb 20031863,07633.487.93$30,607
Jan 20031913,37530.315.58$24,629
Dec 200211,61926.914.85$7,885
Nov 20023833,21724.664.14$22,753
Oct 20021943,70226.464.23$20,789
Sep 200223,79927.443.64$13,865
Aug 20021882,51425.963.16$12,835
Jul 200203,54424.583.06$10,851
Jun 20021891,42023.733.34$9,225
May 200202,80524.663.58$10,053
Apr 20025643,77323.653.51$26,591
Mar 20021911,71222.003.10$9,514
Feb 20025693,17818.222.38$17,917
Jan 20025633,46217.172.38$17,891
Dec 20011933,96416.932.36$12,640
Nov 2001199018.072.41$2,400
Oct 200111,95219.782.53$4,956
Sep 20011812,94324.262.25$11,017
Aug 200113,25324.873.05$9,957
Jul 20011793,55123.933.20$15,636
Jun 200113,23924.563.82$12,411
May 200111,45225.524.31$6,280
Apr 20011852,46524.685.34$17,717
Mar 200104,46024.545.38$23,979
Feb 200112,84327.755.77$16,424
Jan 20011973,90727.478.40$38,226
Dec 200004,86326.889.12$44,363
Nov 20001914,13132.215.66$29,525
Oct 20001854,20331.235.15$27,404
Sep 200002,90131.875.19$15,046
Aug 200001,25129.644.54$5,680
Jul 20001823,59228.534.09$19,883
Jun 200003,56929.304.40$15,694
May 200003,01627.263.68$11,098
Apr 20001922,04324.513.12$11,072
Mar 200004,48128.422.86$12,815
Feb 20001854,22227.622.73$16,621
Jan 20001834,29225.272.48$15,271
Dec 199904,24524.282.42$10,289
Nov 19991824,21923.192.43$14,490
Oct 19991954,81420.982.80$17,588
Sep 199914,38421.752.62$11,503
Aug 19991752,40319.262.88$10,281
Jul 199934,32917.892.37$10,324
Jun 19991754,25915.942.36$12,850
May 19991764,02115.792.32$12,112
Apr 19991774,22515.102.21$12,002
Mar 19991883,56412.471.84$8,896
Feb 19991764,0389.981.82$9,097
Jan 199903,12310.381.90$5,934
Dec 19981834,6619.201.77$9,949
Nov 19981754,80610.892.19$12,410
Oct 19983734,01612.421.97$12,541
Sep 19981783,92512.592.08$10,415
Aug 19981692,46411.301.91$6,609
Jul 199803,79211.742.24$8,484
Jun 19981793,98611.242.24$10,930
May 19981754,09112.622.21$11,235
Apr 19981893,76813.042.51$11,905
Mar 19981813,98012.802.31$11,508
Feb 19981814,02913.952.30$11,788
Jan 199804,44714.702.15$9,582
Dec 19971684,19916.322.41$12,866
Nov 19971744,17918.193.09$16,071
Oct 19971774,53719.253.15$17,698
Sep 199704,41617.742.95$13,049
Aug 19971804,55517.862.55$14,852
Jul 19971774,86517.582.25$14,043
Jun 19971804,76917.242.26$13,868
May 19971785,01018.972.31$14,942
Apr 19971754,04317.882.08$11,550
Mar 19971863,90318.951.94$11,093
Feb 19971782,27220.492.21$8,659
Jan 19971854,72923.483.54$21,083
Dec 199604,50723.32$0
Nov 19961734,62821.97$3,801
Oct 19961864,58123.31$4,336
Sep 199604,40422.22$0
Aug 19962854,62520.26$5,774
Jul 199604,96719.55$0
Jun 19961904,95518.73$3,559
May 19961874,28619.43$3,633
Apr 19962755,20821.51$5,915
Mar 199605,24919.38$0
Feb 19961815,06516.98$3,073
Jan 19963545,07917.07$6,043
Dec 19953904,81017.19$6,704
Nov 199504,43116.00$0
Oct 199502,30315.43$0
Sep 199501,53916.18$0
Aug 19953263,98415.92$5,190
Jul 199503,76015.24$0
Jun 199503,79516.41$0
May 19953233,95017.56$5,672
Apr 199503,94917.73$0
Mar 199504,58316.44$0
Feb 19953694,55016.58$6,118
Jan 199503,50215.92$0
Dec 19943763,56115.03$5,651
Nov 199403,31715.90$0
Oct 19943684,85415.58$5,733
Sep 19943073,93815.29$4,694
Aug 19943776,38416.13$6,081
Jul 19943657,72117.56$6,409
Jun 19943838,27317.09$6,545
May 19943878,26715.88$6,146
Apr 19943657,86014.14$5,161
Mar 19943828,04112.46$4,760
Feb 19943846,56912.50$4,800
Jan 19943924,78612.66$4,963
Dec 19933895,90512.33$4,796
Nov 199336,66414.49$43
Oct 19933733,86015.85$5,912
Sep 19933635,16215.03$5,456
Aug 19933823,96215.66$5,982
Jul 19933663,61115.46$5,658
Jun 19933862,81416.79$6,481
May 19933582,70717.68$6,329
Apr 199342,86318.05$72
Mar 19933893,29918.14$7,056
Feb 19937742,80217.90$13,855
Jan 19931,1592,47716.93$19,622

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.

Apr 2026 — as filed, then multipliedworked
Oil                    0 bbl  × $ 98.93 =         $0
Casinghead gas        46 Mcf  × $  2.87 =       $132

────────────────────────────────────────────────────
Month total                                     $132

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/12548 is the state's own key, not one this site invented.