MARGARET

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 13939District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$7.3 M
Jan 1993 – May 2026
Value, last 12 filed months
$59 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
OilDisposition68,490 bbl$3,022,854
Casinghead gasProduction905,421 Mcf$4,246,039
Total$7,268,893

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 30.2880, -96.7990. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

30.28804, -96.79896 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
8,399 ft
2 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.
2100.0%

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 8,350 and 8,447 ft, median 8,399 ft, over the 2 wells that filed a depth.

Completions filed
Jun 1980 – Jan 2006
2 of 2 wells

2 wells

42-2873077618,350 ftJan 2006
42-2873069128,447 ftJun 1980

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 202601,163106.413.05$3,542
Apr 202611,23198.932.87$3,632
Mar 202601,17189.753.15$3,688
Feb 202601,23663.503.75$4,635
Jan 202601,24159.138.00$9,925
Dec 202531,31156.664.41$5,956
Nov 202501,67258.593.93$6,565
Oct 202501,20959.383.30$3,996
Sep 202501,17162.743.08$3,603
Aug 202501,14863.933.01$3,461
Jul 2025281,35166.743.32$6,348
Jun 202501,28466.483.13$4,017
May 202501,33260.553.23$4,305
Apr 20251151,40362.363.54$12,142
Mar 202501,54267.704.27$6,582
Feb 2025771,56470.884.34$12,247
Jan 2025322674.324.28$1,190
Dec 20246276868.993.12$6,675
Nov 2024571,71369.052.20$7,702
Oct 2024741,53871.372.28$8,790
Sep 2024141,59369.612.36$4,741
Aug 20241451,81775.632.06$14,716
Jul 202481,28079.932.15$3,387
Jun 2024711,58078.082.63$9,705
May 202491,75578.812.20$4,568
Apr 20246244484.451.66$5,973
Mar 2024112,02080.301.55$4,004
Feb 20241111,55676.091.78$11,221
Jan 20241121,62673.023.30$13,540
Dec 202381,41271.262.61$4,256
Nov 20231261,37477.892.81$13,672
Oct 202341,66985.443.09$5,494
Sep 2023721,40589.042.74$10,254
Aug 202331,48280.522.67$4,203
Jul 202351,56074.852.64$4,495
Jun 20231891,87968.962.26$17,277
May 202332,08370.622.23$4,852
Apr 20231461,98178.122.24$15,839
Mar 202372,10572.852.39$5,548
Feb 20231841,92375.112.47$18,562
Jan 202351,91676.533.39$6,874
Dec 20221811,89776.415.73$24,698
Nov 2022121,45885.005.65$9,252
Oct 202241,42387.185.86$8,693
Sep 2022881,48784.888.16$19,609
Aug 202252,01294.529.13$18,836
Jul 20221902,024101.587.54$34,565
Jun 202221,945115.097.98$15,746
May 202222,001109.378.43$17,093
Apr 202282,035104.226.84$14,748
Mar 20223242,093108.885.08$45,902
Feb 2022281,76491.054.86$11,120
Jan 202242,06781.844.54$9,707
Dec 202132,09071.323.90$8,363
Nov 20211982,02677.435.24$25,941
Oct 202132,01479.795.71$11,747
Sep 20211882,01269.865.35$23,900
Aug 202152,11866.024.22$9,269
Jul 202152,17070.783.98$8,995
Jun 20211842,07269.493.38$19,791
May 202122,28263.483.02$7,013
Apr 202141,67660.362.76$4,865
Mar 20213781,93961.302.72$28,440
Feb 202131,40957.805.55$7,990
Jan 202141,65650.412.81$4,855
Dec 202061,56244.642.68$4,447
Nov 202051,56438.772.71$4,427
Oct 20201881,90236.972.48$11,664
Sep 202032,14137.091.99$4,374
Aug 20201972,06239.982.39$12,794
Jul 202031,83138.371.83$3,457
Jun 202041,66134.901.69$2,947
May 202031,78916.921.81$3,297
Apr 20202641,89814.751.80$7,319
Mar 20201952,14930.341.86$9,905
Feb 202022,11249.881.98$4,283
Jan 20202442,28257.252.09$18,749
Dec 201932,29759.012.30$5,470
Nov 20191732,20055.302.75$15,618
Oct 2019582,32453.472.42$8,722
Sep 201922,13155.052.66$5,773
Aug 20191732,08153.112.30$13,983
Jul 201931,86856.272.46$4,764
Jun 2019661,77252.782.49$7,898
May 201921,43258.482.74$4,041
Apr 201931,65462.632.75$4,738
Mar 20193591,69556.803.06$25,581
Feb 201911,54950.852.79$4,376
Jan 201921,61446.033.23$5,302
Dec 201821,73646.594.19$7,359
Nov 201821,89752.934.24$8,144
Oct 201831,87361.443.40$6,549
Sep 201811,59759.543.11$5,023
Aug 201811,97659.403.07$6,119
Jul 2018712,29065.142.93$11,339
Jun 201822,14960.183.08$6,733
May 20181242,43065.382.90$15,156
Apr 2018522,41263.842.90$10,316
Mar 20181392,46361.222.79$15,374
Feb 20181782,12661.782.77$16,878
Jan 201842,44262.874.01$10,042
Dec 20171762,73457.272.92$18,067
Nov 2017552,75155.423.12$11,627
Oct 2017522,94249.292.98$11,341
Sep 20171742,31347.523.09$15,409
Aug 20171742,35045.373.00$14,955
Jul 20172632,93943.873.09$20,611
Jun 2017102,81642.493.09$9,119
May 20171763,27345.373.26$18,666
Apr 20171783,22947.933.21$18,902
Mar 20172373,55446.772.98$21,688
Feb 20174143,37050.452.95$30,837
Jan 20171823,56549.413.42$21,181
Dec 20162143,55148.763.72$23,654
Nov 20161813,57542.492.64$17,144
Oct 2016454,24946.193.09$15,209
Sep 20161804,40341.553.10$21,131
Aug 2016744,24341.442.92$15,475
Jul 20161745,11241.622.92$22,191
Jun 2016971,32745.352.69$7,963
May 2016723,68542.521.99$10,398
Apr 20164703,82336.561.99$24,795
Mar 20163353,91833.011.79$18,087
Feb 20163424,03926.472.06$17,388
Jan 20161734,42427.352.36$15,191
Dec 20152514,47732.362.00$17,083
Nov 2015493,79838.792.17$10,132
Oct 20155953,75643.552.43$35,026
Sep 20154774,24042.992.76$32,202
Aug 20151181,01040.162.87$7,640
Jul 201551,56448.152.95$4,847
Jun 20151721,20956.152.88$13,143
May 2015678755.212.96$2,657
Apr 201552,14749.822.71$6,060
Mar 201561,00842.892.93$3,216
Feb 2015591,46744.662.98$7,001
Jan 201571,71843.433.10$5,631
Dec 20141081,48454.693.59$11,236
Nov 20144191270.464.25$6,767
Oct 201401,43878.303.90$5,610
Sep 2014234686.164.05$1,572
Aug 201436989.394.04$547
Jul 201476696.564.18$952
Jun 201426098.164.74$481
May 201466294.734.73$861
Apr 201455195.944.81$725
Mar 201494495.895.06$1,086
Feb 2014615697.406.19$6,288
Jan 2014114290.404.86$1,199
Dec 201313091.824.35$1,194
Nov 20139195788.853.74$11,663
Oct 20131802,11897.423.78$25,540
Sep 201311,855104.113.72$7,001
Aug 2013851,901104.253.52$15,558
Jul 20131831,904102.523.72$25,840
Jun 201312,39494.403.93$9,511
May 201312,48494.834.15$10,401
Apr 20131511,33993.964.28$19,922
Mar 20131752,55893.623.91$26,393
Feb 201321,63291.233.42$5,764
Jan 2013952,40291.603.42$16,917
Dec 20121162,63186.773.42$19,064
Nov 20121302,14886.953.62$19,090
Oct 20123532,48889.383.40$40,010
Sep 201202,96994.672.92$8,665
Aug 20121772,46092.662.91$23,555
Jul 20123182,15185.133.02$33,569
Jun 20121762,29279.822.52$19,822
May 20121782,67091.612.49$22,950
Apr 20123522,629101.652.00$41,030
Mar 20122283,211105.052.22$31,087
Feb 20121812,132101.102.57$23,779
Jan 20121833,71098.092.73$28,094
Dec 20111832,58996.873.24$26,115
Nov 20112493,06195.723.31$33,970
Oct 20111862,65684.983.65$25,497
Sep 201112,46683.623.99$9,913
Aug 20111803,12383.404.15$27,970
Jul 20111823,19594.144.52$31,566
Jun 20112333,81292.904.64$39,333
May 20111822,84598.134.40$30,391
Apr 20111823,138105.964.33$32,883
Mar 20114273,82096.364.06$56,645
Feb 2011182,70485.644.18$12,844
Jan 20113483,35586.504.59$45,497
Dec 20101773,07485.734.35$28,539
Nov 20102283,35080.843.80$31,146
Oct 20103553,81278.103.51$41,101
Sep 20101813,57272.633.98$27,361
Aug 20101843,96573.684.42$31,080
Jul 201002,74572.554.74$13,002
Jun 20101653,24970.364.91$27,563
May 20102543,57571.124.24$33,205
Apr 20101822,08081.694.12$23,443
Mar 20101142,26778.394.39$18,886
Feb 20101823,41073.585.44$31,950
Jan 20101823,75974.365.96$35,953
Dec 20092003,53471.445.48$33,668
Nov 20091333,71474.593.75$23,854
Oct 20091313,45572.544.11$23,704
Sep 20092043,33365.543.06$23,585
Aug 2009753,21367.423.22$15,398
Jul 2009662,97861.133.46$14,352
Jun 20092082,93466.163.90$25,189
May 20091803,01754.743.93$21,697
Apr 2009592,81746.773.59$12,865
Mar 20091772,73342.144.06$18,552
Feb 20091492,55032.814.63$16,703
Jan 20091943,10535.865.37$23,634
Dec 20081883,03437.105.98$25,109
Nov 200802,61055.496.86$17,906
Oct 20082392,25875.246.92$33,612
Sep 200801,827101.767.88$14,391
Aug 20081802,651114.228.48$43,048
Jul 2008752,269131.0811.39$35,674
Jun 2008891,999131.3313.03$37,741
May 20081822,637123.1711.57$52,938
Apr 20081782,747110.3110.45$48,355
Mar 20081172,647101.909.66$37,503
Feb 20081832,05492.538.77$34,948
Jan 20081972,41490.388.21$37,613
Dec 20071852,78588.337.30$36,677
Nov 20071792,34091.677.29$33,472
Oct 20071792,57482.856.92$32,647
Sep 20071812,65975.846.24$30,330
Aug 20071782,52569.066.39$28,422
Jul 20071792,68470.906.39$29,836
Jun 20071782,58462.007.55$30,541
May 20071792,40758.747.85$29,400
Apr 20071823,11559.617.81$35,162
Mar 20071983,37056.927.30$35,878
Feb 20071843,62655.108.22$39,930
Jan 20073623,70950.306.73$43,158
Dec 20063584,59456.656.92$52,064
Nov 20065413,68254.207.62$57,370
Oct 20065453,02054.906.01$48,082
Sep 20063584,47760.085.04$44,060
Aug 20065324,16468.717.34$67,117
Jul 20063553,78869.376.34$48,653
Jun 20061853,50466.286.38$34,631
May 20063706,07766.016.42$63,468
Apr 20063634,84164.397.36$59,006
Mar 20065498,18356.707.08$89,088
Feb 20063728,07057.597.75$83,975
Jan 200607,36060.598.93$65,749
Dec 2005882,60954.9413.42$39,836
Nov 20051822,72954.6910.59$38,849
Oct 200532,85858.3413.80$39,603
Sep 200532,46361.4512.08$29,935
Aug 200572,38961.519.80$23,835
Jul 200502,44055.697.84$19,138
Jun 20051692,34752.337.38$26,167
May 200542,14545.226.65$14,448
Apr 200501,28049.207.36$9,421
Mar 200502,23250.377.15$15,970
Feb 20051842,19645.226.31$22,181
Jan 200523,59443.166.32$22,808
Dec 200404,43939.866.75$29,968
Nov 200434,14945.286.33$26,401
Oct 200414,21149.706.52$27,485
Sep 200423,91743.245.28$20,784
Aug 200414,45442.375.55$24,765
Jul 20041845,55238.286.08$40,823
Jun 200403,72736.106.43$23,976
May 20041805,16237.486.49$40,271
Apr 200415,42534.475.86$31,817
Mar 20041876,22934.365.53$40,873
Feb 20041764,02832.455.51$27,904
Jan 200434,36032.036.30$27,563
Dec 200324,60030.266.30$29,048
Nov 2003115,13328.804.60$23,904
Oct 20031924,37528.174.76$26,232
Sep 200334,99726.314.75$23,811
Aug 20032005,07029.765.13$31,960
Jul 20031974,88629.415.17$31,058
Jun 200324,42228.565.98$26,514
May 20031845,53826.595.97$37,969
Apr 200326,17826.675.41$33,460
Mar 20031836,49331.146.10$45,280
Feb 20033726,26433.487.93$62,102
Jan 20033747,35930.315.58$52,414
Dec 20027647,77426.914.85$58,292
Nov 20025737,75524.664.14$46,212
Oct 20025677,85226.464.23$48,210
Sep 20025667,39327.443.64$42,406
Aug 20025737,54825.963.16$38,758
Jul 20025587,55124.583.06$36,835
Jun 20021,1157,40123.733.34$51,165
May 20029347,49424.663.58$49,891
Apr 20021,3217,18223.653.51$56,467
Mar 20027536,94922.003.10$38,127
Feb 20029285,46518.222.38$29,891
Jan 20021,0975,09117.172.38$30,930
Dec 20011,3283,77416.932.36$31,406
Nov 20012,4733,73618.072.41$53,674
Oct 20012,0352,75119.782.53$47,209
Sep 20012,5913,17124.262.25$69,997
Aug 20014,2754,43124.873.05$119,848
Jul 20011,3385,69323.933.20$50,219
Jun 20019485,77224.563.82$45,356
May 20015775,35225.524.31$37,778
Apr 20017657,37124.685.34$58,207
Mar 20012,2988,31924.545.38$101,120
Feb 20011,5507,49827.755.77$86,254
Jan 20015917,12327.478.40$76,059
Dec 20009556,68826.889.12$86,682
Nov 20007555,55032.215.66$55,720
Oct 20009045,78031.235.15$57,973
Sep 20001,4845,02131.875.19$73,337
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19990010.381.90$0
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19960017.07$0
Dec 19950017.19$0
Nov 19950016.00$0
Oct 19950015.43$0
Sep 19950016.18$0
Aug 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 19950017.56$0
Apr 19950017.73$0
Mar 19950016.44$0
Feb 19950016.58$0
Jan 19950015.92$0
Dec 19940015.03$0
Nov 19940015.90$0
Oct 19940015.58$0
Sep 19940015.29$0
Aug 19940016.13$0
Jul 19940017.56$0
Jun 19940017.09$0
May 19940015.88$0
Apr 19940014.14$0
Mar 19940012.46$0
Feb 19940012.50$0
Jan 19940012.66$0
Dec 19930012.33$0
Nov 19930014.49$0
Oct 19930015.85$0
Sep 19930015.03$0
Aug 19930015.66$0
Jul 19930015.46$0
Jun 19930016.79$0
May 19930017.68$0
Apr 19930018.05$0
Mar 19930018.14$0
Feb 19930017.90$0
Jan 19930016.93$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                    0 bbl  × $106.41 =         $0
Casinghead gas     1,163 Mcf  × $  3.05 =     $3,542

────────────────────────────────────────────────────
Month total                                   $3,542

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/13939 is the state's own key, not one this site invented.