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LYON

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 12705District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$11.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$445 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead 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
NGPA2none——

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
OilDisposition195,626 bbl$6,317,251
Casinghead gasProduction2,054,923 Mcf$5,443,899
Total$11,761,150

662,501 Mcf of this lease's gas, across 47 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 (2)

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 30.4994, -96.6073. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

30.49939, -96.60733 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
8,514 ft
2 wells filed one
Completion to plug
25.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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

Between 8,498 and 8,530 ft, median 8,514 ft, over the 2 wells that filed a depth.

Completions filed
Jan 1980 – Jul 1994
2 of 2 wells
Plug dates filed
Oct 2005
1 of 2 wells; 1 filed none

Last completion to plug: a median of 25.8 years across the 1 well that filed both dates, with the middle half between 25.8 years and 25.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-0513083528,498 ftJul 1994——
42-0513048918,530 ftJan 1980Oct 2005Yes

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 20263622,118106.413.05$44,972
Apr 20263722,23698.932.87$43,219
Mar 20263642,25089.753.15$39,755
Feb 20261862,09063.503.75$19,649
Jan 20263831,81759.138.00$37,179
Dec 20255473,13356.664.41$44,820
Nov 20253793,22158.593.93$34,853
Oct 20253593,38859.383.30$32,514
Sep 20253832,82262.743.08$32,712
Aug 20253553,10363.933.01$32,050
Jul 20255373,64066.743.32$47,907
Jun 20253623,69666.483.13$35,630
May 20255423,82060.553.23$45,166
Apr 20253653,49162.363.54$35,130
Mar 20253693,52167.704.27$40,010
Feb 20253693,00370.884.34$39,190
Jan 20251852,49874.324.28$24,437
Dec 20243752,63968.993.12$34,109
Nov 20241852,17869.052.20$17,562
Oct 20243642,28471.372.28$31,189
Sep 20241781,86469.612.36$16,798
Aug 20243551,79775.632.06$30,557
Jul 20241791,67679.932.15$17,905
Jun 20243651,83978.082.63$33,343
May 20243612,48278.812.20$33,907
Apr 20243632,29084.451.66$34,455
Mar 20241971,83480.301.55$18,653
Feb 202418290476.091.78$15,461
Jan 20241961,13473.023.30$18,051
Dec 20231731,76071.262.61$16,923
Nov 20231911,30677.892.81$18,544
Oct 20231891,24985.443.09$20,004
Sep 202301,51689.042.74$4,146
Aug 20231851,55480.522.67$19,050
Jul 20231961,25974.852.64$17,997
Jun 20231831,60368.962.26$16,240
May 20231821,62370.622.23$16,468
Apr 20231831,23378.122.24$17,055
Mar 202301,54372.852.39$3,693
Feb 202318695875.112.47$16,333
Jan 20231911,15176.533.39$18,517
Dec 20221851,42076.415.73$22,271
Nov 20223771,59085.005.65$41,022
Oct 20222151,85487.185.86$29,615
Sep 20223801,80984.888.16$47,023
Aug 20221871,99594.529.13$35,884
Jul 20223951,977101.587.54$55,035
Jun 20223901,982115.097.98$60,696
May 20223982,014109.378.43$60,513
Apr 20221881,781104.226.84$31,771
Mar 20221902,482108.885.08$33,287
Feb 20223731,96991.054.86$43,529
Jan 20223681,60481.844.54$37,396
Dec 20213551,82971.323.90$32,450
Nov 20213841,56677.435.24$37,934
Oct 20211881,50579.795.71$23,600
Sep 202101,37969.865.35$7,379
Aug 20211771,46166.024.22$17,852
Jul 20211861,50070.783.98$19,138
Jun 20211831,54569.493.38$17,940
May 202101,61763.483.02$4,880
Apr 202101,66660.362.76$4,596
Mar 20213571,91461.302.72$27,084
Feb 202101,26057.805.55$6,990
Jan 20213642,17350.412.81$24,456
Dec 20201712,33744.642.68$13,886
Nov 20201732,27338.772.71$12,859
Oct 20201791,50236.972.48$10,340
Sep 202001,41137.091.99$2,809
Aug 20201771,53439.982.39$10,735
Jul 20201831,90838.371.83$10,504
Jun 20201812,00034.901.69$9,698
May 20201791,13516.921.81$5,088
Apr 202006314.751.80$114
Mar 202034252130.341.86$11,343
Feb 202018540649.881.98$10,032
Jan 202017672257.252.09$11,588
Dec 20193371,28159.012.30$22,838
Nov 20191821,49255.302.75$14,169
Oct 20193641,92753.472.42$24,124
Sep 20197302,21255.052.66$46,064
Aug 20197262,04153.112.30$43,261
Jul 20193651,18756.272.46$23,459
Jun 201936063952.782.49$20,593
May 201917653358.482.74$11,753
Apr 2019051362.632.75$1,411
Mar 201918047656.803.06$11,682
Feb 201918134650.852.79$10,170
Jan 2019036346.033.23$1,172
Dec 2018035246.594.19$1,473
Nov 20183761,80652.934.24$27,554
Oct 20181892,34061.443.40$19,564
Sep 20181892,45659.543.11$18,886
Aug 20183712,42959.403.07$29,486
Jul 20181862,39965.142.93$19,150
Jun 20181812,41760.183.08$18,330
May 20181842,57765.382.90$19,505
Apr 20181922,37063.842.90$19,132
Mar 20183302,46161.222.79$27,061
Feb 201802,06861.782.77$5,720
Jan 20181912,25162.874.01$21,033
Dec 20171912,45657.272.92$18,114
Nov 201702,12455.423.12$6,623
Oct 201702,25449.292.98$6,725
Sep 20171832,14747.523.09$15,325
Aug 201702,25845.373.00$6,784
Jul 20171852,39443.873.09$15,507
Jun 20171852,27642.493.09$14,887
May 20171892,52445.373.26$16,812
Apr 20173792,44747.933.21$26,024
Mar 20171842,56046.772.98$16,244
Feb 201701,95550.452.95$5,772
Jan 20171692,13549.413.42$15,649
Dec 20163722,21948.763.72$26,400
Nov 20161832,27342.492.64$13,786
Oct 201602,37946.193.09$7,352
Sep 201602,21341.553.10$6,862
Aug 20161892,33141.442.92$14,649
Jul 20161912,28541.622.92$14,632
Jun 201602,09945.352.69$5,638
May 20161852,19242.521.99$12,231
Apr 201602,01236.561.99$4,006
Mar 20163532,19433.011.79$15,589
Feb 20161922,01326.472.06$9,236
Jan 20163821,92527.352.36$14,999
Dec 20153831,92932.362.00$16,255
Nov 201501,39938.792.17$3,032
Oct 20151911,55943.552.43$12,101
Sep 20151901,46742.992.76$12,215
Aug 20151851,58740.162.87$11,988
Jul 20153531,87548.152.95$22,519
Jun 20151881,59956.152.88$15,166
May 20151921,44555.212.96$14,871
Apr 20151881,20849.822.71$12,636
Mar 20151891,36242.892.93$12,103
Feb 20151911,48544.662.98$12,950
Jan 20151891,53243.433.10$12,958
Dec 20143811,63654.693.59$26,712
Nov 20141981,62070.464.25$20,839
Oct 20141841,89678.303.90$21,803
Sep 20141881,89686.164.05$23,868
Aug 20141881,84389.394.04$24,242
Jul 20141781,99496.564.18$25,522
Jun 20141891,93298.164.74$27,704
May 20141851,96894.734.73$26,827
Apr 20143811,80095.944.81$45,210
Mar 20141881,88395.895.06$27,549
Feb 20141861,66697.406.19$28,432
Jan 20143571,96490.404.86$41,819
Dec 20131942,02791.824.35$26,640
Nov 20131792,09788.853.74$23,743
Oct 20131762,10397.423.78$25,094
Sep 20131922,057104.113.72$27,637
Aug 20133822,204104.253.52$47,587
Jul 201302,075102.523.72$7,714
Jun 20131872,05094.403.93$25,716
May 20131772,13794.834.15$25,651
Apr 20133642,01893.964.28$42,844
Mar 20131832,01393.623.91$25,009
Feb 20131741,83691.233.42$22,153
Jan 20131802,03791.603.42$23,454
Dec 20121912,10486.773.42$23,769
Nov 20121932,03886.953.62$24,169
Oct 20121772,01589.383.40$22,671
Sep 20121871,98294.672.92$23,488
Aug 201202,09492.662.91$6,090
Jul 20123532,12585.133.02$36,470
Jun 20121842,15279.822.52$20,108
May 20121932,07591.612.49$22,844
Apr 20121872,262101.652.00$23,525
Mar 20121882,216105.052.22$24,674
Feb 201202,070101.102.57$5,320
Jan 20123632,25398.092.73$41,767
Dec 20111942,30096.873.24$26,244
Nov 20111882,26095.723.31$25,479
Oct 20111912,37584.983.65$24,896
Sep 201102,16083.623.99$8,609
Aug 20113462,50083.404.15$39,230
Jul 201102,45394.144.52$11,081
Jun 20111832,43092.904.64$28,276
May 20111842,29298.134.40$28,152
Apr 20111902,249105.964.33$29,878
Mar 201101,57696.364.06$6,394
Feb 20111831,92085.644.18$23,698
Jan 2011189086.504.59$16,349
Dec 201001,98685.734.35$8,635
Nov 20101931,83880.843.80$22,578
Oct 20101902,50078.103.51$23,611
Sep 201002,92672.633.98$11,644
Aug 20101903,09573.684.42$27,677
Jul 201003,10572.554.74$14,707
Jun 20101943,05070.364.91$28,627
May 20101922,85071.124.24$25,725
Apr 20101942,85281.694.12$27,606
Mar 20101962,54578.394.39$26,534
Feb 201002,27473.585.44$12,376
Jan 20101882,79974.365.96$30,673
Dec 20093852,77171.445.48$42,700
Nov 200902,55374.593.75$9,578
Oct 20093612,74472.544.11$37,465
Sep 200902,66665.543.06$8,171
Aug 20091892,97067.423.22$22,301
Jul 20091803,35961.133.46$22,641
Jun 20091793,48366.163.90$25,409
May 20091933,69954.743.93$25,086
Apr 20093703,44946.773.59$29,678
Mar 20093803,87442.144.06$31,738
Feb 20091933,47932.814.63$22,451
Jan 20091952,82335.865.37$22,155
Dec 20081983,06937.105.98$25,690
Nov 20081942,82955.496.86$30,173
Oct 200831,97875.246.92$13,917
Sep 200801,832101.767.88$14,431
Aug 20081883,997114.228.48$55,380
Jul 20081913,327131.0811.39$62,929
Jun 200812,921131.3313.03$38,200
May 20083933,442123.1711.57$88,245
Apr 20081963,524110.3110.45$58,464
Mar 200811,764101.909.66$17,149
Feb 20081952,39992.538.77$39,084
Jan 200802,40590.388.21$19,735
Dec 20071972,64488.337.30$36,707
Nov 200702,68191.677.29$19,549
Oct 20071992,62182.856.92$34,630
Sep 20071952,71575.846.24$31,742
Aug 20071922,69169.066.39$30,449
Jul 20071992,81170.906.39$32,066
Jun 200703,06862.007.55$23,159
May 20073943,04658.747.85$47,043
Apr 20071962,36459.617.81$30,135
Mar 20071951,73256.927.30$23,746
Feb 20071952,61555.108.22$32,229
Jan 20072012,60650.306.73$27,640
Dec 20063962,84256.656.92$42,096
Nov 20061992,63254.207.62$30,835
Oct 20061992,63854.906.01$26,790
Sep 20061952,50260.085.04$24,319
Aug 20063923,05468.717.34$49,350
Jul 200602,47869.376.34$15,717
Jun 20061992,73666.286.38$30,656
May 20062012,44966.016.42$29,003
Apr 20062002,46764.397.36$31,036
Mar 20061992,59256.707.08$29,642
Feb 20062042,47757.597.75$30,948
Jan 20063983,07760.598.93$51,603
Dec 20052013,61554.9413.42$59,540
Nov 20056033,63854.6910.59$71,499
Oct 200513,52458.3413.80$48,675
Sep 200513,95461.4512.08$47,822
Aug 20051954,17161.519.80$52,857
Jul 20051944,39455.697.84$45,269
Jun 20051944,43352.337.38$42,872
May 20053954,87445.226.65$50,280
Apr 20051974,28749.207.36$41,247
Mar 20051984,58850.377.15$42,800
Feb 20051994,03245.226.31$34,448
Jan 20052013,94943.166.32$33,642
Dec 20041984,05539.866.75$35,268
Nov 20041964,20645.286.33$35,501
Oct 20041984,55449.706.52$39,510
Sep 20043864,31843.245.28$39,507
Aug 20041934,51942.375.55$33,261
Jul 20041984,21538.286.08$33,224
Jun 20043924,43436.106.43$42,675
May 20041974,04137.486.49$33,628
Apr 200402,98734.475.86$17,499
Mar 20041992,59734.365.53$21,199
Feb 200401,53832.455.51$8,474
Jan 20041953,99532.036.30$31,413
Dec 200302,61630.266.30$16,485
Nov 20031954,21328.804.60$24,975
Oct 20032004,76228.174.76$28,299
Sep 20031975,12926.314.75$29,543
Aug 20031966,47729.765.13$39,058
Jul 20031836,67329.415.17$39,887
Jun 200305,71728.565.98$34,205
May 20031915,10126.595.97$35,545
Apr 20031984,40326.675.41$29,089
Mar 20031985,89931.146.10$42,126
Feb 20031893,92433.487.93$37,429
Jan 20033925,80330.315.58$44,274
Dec 20023915,39326.914.85$36,698
Nov 20021984,98024.664.14$25,485
Oct 20021945,66826.464.23$29,104
Sep 20023765,39327.443.64$29,922
Aug 20021935,04925.963.16$20,986
Jul 20023684,95324.583.06$24,210
Jun 200205,41223.733.34$18,067
May 20023797,37424.663.58$35,775
Apr 200207,67523.653.51$26,957
Mar 20023878,96322.003.10$36,324
Feb 20025679,12218.222.38$32,002
Jan 200256611,12717.172.38$36,152
Dec 200140111,67016.932.36$34,381
Nov 200175412,27518.072.41$43,153
Oct 200118514,60219.782.53$40,586
Sep 200173614,94624.262.25$51,504
Aug 200138816,06824.873.05$58,708
Jul 200138315,89323.933.20$59,976
Jun 200174215,13624.563.82$76,106
May 20011,15917,70725.524.31$105,847
Apr 200138315,01624.685.34$89,568
Mar 20017536,41424.545.38$52,963
Feb 20017323,40327.755.77$39,938
Jan 200119678327.478.40$11,960
Dec 20003826,14526.889.12$66,326
Nov 20003926,79632.215.66$51,078
Oct 20007568,16531.235.15$65,623
Sep 20007167,58831.875.19$62,174
Aug 20003717,92729.644.54$46,991
Jul 20007245,26128.534.09$42,172
Jun 20003637,93629.304.40$45,532
May 20007378,38127.263.68$50,931
Apr 20007127,90124.513.12$42,071
Mar 20007377,01628.422.86$41,010
Feb 20003795,14527.622.73$24,496
Jan 20003606,98825.272.48$26,431
Dec 19997586,89124.282.42$35,106
Nov 19997517,48623.192.43$35,637
Oct 19995467,88220.982.80$33,554
Sep 19995557,94821.752.62$32,886
Aug 19997458,28019.262.88$38,159
Jul 19997538,05217.892.37$32,573
Jun 19997498,37415.942.36$31,719
May 19997388,71015.792.32$31,869
Apr 19993738,45115.102.21$24,293
Mar 19997599,10912.471.84$26,210
Feb 19999148,3209.981.82$24,246
Jan 19997819,40710.381.90$25,980
Dec 19987258,9019.201.77$22,454
Nov 19987386,95810.892.19$23,245
Oct 19987447,78812.421.97$24,577
Sep 199873910,85812.592.08$31,917
Aug 19981,11910,28211.301.91$32,256
Jul 199877210,17211.742.24$31,821
Jun 199876511,66311.242.24$34,692
May 199876613,14212.622.21$38,663
Apr 19981,15012,69813.042.51$46,809
Mar 199876112,34612.802.31$38,253
Feb 199877511,05313.952.30$36,224
Jan 19981,18413,53814.702.15$46,576
Dec 19971,14313,79616.322.41$51,917
Nov 19971,17212,44118.193.09$59,740
Oct 19971,17213,51419.253.15$65,128
Sep 19971,14113,78817.742.95$60,983
Aug 19971,14715,40317.862.55$59,836
Jul 19971,14414,96917.582.25$53,746
Jun 19971,44115,20017.242.26$59,152
May 19971,45315,12418.972.31$62,477
Apr 19971,10115,33117.882.08$51,617
Mar 19971,68116,38818.951.94$63,634
Feb 19971,48515,04020.492.21$63,604
Jan 19971,46615,57023.483.54$89,535
Dec 19961,12011,97623.32—$26,118
Nov 19967509,23121.97—$16,478
Oct 19961,85514,39123.31—$43,240
Sep 19961,05814,49322.22—$23,509
Aug 19961,81415,07720.26—$36,752
Jul 19961,45415,47319.55—$28,426
Jun 19961,62114,28818.73—$30,361
May 19961,28515,63019.43—$24,968
Apr 19961,47015,16021.51—$31,620
Mar 19961,88414,58419.38—$36,512
Feb 19961,47917,98316.98—$25,113
Jan 19962,24620,11417.07—$38,339
Dec 19952,24020,88517.19—$38,506
Nov 19951,85520,00416.00—$29,680
Oct 19952,02722,67415.43—$31,277
Sep 19952,57922,99016.18—$41,728
Aug 19951,84031,15215.92—$29,293
Jul 19952,58024,06115.24—$39,319
Jun 19952,56825,88316.41—$42,141
May 19952,63326,69617.56—$46,235
Apr 19953,01026,61217.73—$53,367
Mar 19953,39827,99216.44—$55,863
Feb 19953,45625,78916.58—$57,300
Jan 19954,72525,91615.92—$75,222
Dec 19944,47617,83015.03—$67,274
Nov 19941,66112,99215.90—$26,410
Oct 19945,95143,55715.58—$92,717
Sep 19946,99749,09815.29—$106,984
Aug 199413,79553,51616.13—$222,513
Jul 19949192,48117.56—$16,138
Jun 1994032317.09—$0
May 199418345015.88—$2,906
Apr 1994032914.14—$0
Mar 19940012.46—$0
Feb 19940112.50—$0
Jan 19940112.66—$0
Dec 19930512.33—$0
Nov 19933541314.49—$5,129
Oct 1993029615.85—$0
Sep 1993035015.03—$0
Aug 1993039915.66—$0
Jul 199338926515.46—$6,014
Jun 1993035116.79—$0
May 1993044817.68—$0
Apr 1993021018.05—$0
Mar 199319116518.14—$3,465
Feb 1993019017.90—$0
Jan 1993017716.93—$0

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
Oil                  362 bbl  × $106.41 =    $38,520
Casinghead gas     2,118 Mcf  × $  3.05 =     $6,451

────────────────────────────────────────────────────
Month total                                  $44,972

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/12705 is the state's own key, not one this site invented.