LOWERY

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 14018District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$7.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$0
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
OilDisposition57,333 bbl$1,502,523
Casinghead gasProduction2,066,327 Mcf$6,208,721
Total$7,711,244

616,745 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 (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 30.3056, -96.7213. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.30565, -96.72127 · 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
0.0%
0 of 1 wells
Median depth
8,986 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
1100.0%
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.
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 8,986 ft.

Completions filed
Jan 1981
1 of 1 wells

1 well

42-2873081518,986 ftJan 1981Yes

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 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20232071.262.61$143
Nov 20233077.892.81$234
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 202203594.529.13$319
Jul 202200101.587.54$0
Jun 2022024115.097.98$191
May 2022030109.378.43$253
Apr 2022030104.226.84$205
Mar 2022027108.885.08$137
Feb 202203491.054.86$165
Jan 202203481.844.54$154
Dec 202103471.323.90$133
Nov 202103677.435.24$189
Oct 20210079.795.71$0
Sep 202103669.865.35$193
Aug 202103866.024.22$160
Jul 202103870.783.98$151
Jun 202104269.493.38$142
May 202104563.483.02$136
Apr 202105460.362.76$149
Mar 202105261.302.72$141
Feb 20210057.805.55$0
Jan 202102350.412.81$65
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 202009536.972.48$235
Sep 20200037.091.99$0
Aug 202008939.982.39$212
Jul 2020022838.371.83$416
Jun 2020028534.901.69$482
May 2020034616.921.81$628
Apr 2020088414.751.80$1,595
Mar 2020049630.341.86$921
Feb 2020092149.881.98$1,824
Jan 2020083857.252.09$1,755
Dec 2019081259.012.30$1,871
Nov 2019048055.302.75$1,320
Oct 2019081153.472.42$1,961
Sep 2019091555.052.66$2,431
Aug 201918296753.112.30$11,894
Jul 2019049656.272.46$1,220
Jun 2019048052.782.49$1,196
May 2019049658.482.74$1,359
Apr 2019048062.632.75$1,320
Mar 2019049656.803.06$1,519
Feb 2019044850.852.79$1,251
Jan 2019049646.033.23$1,601
Dec 2018049646.594.19$2,076
Nov 2018048052.934.24$2,034
Oct 2018061961.443.40$2,103
Sep 201801,12959.543.11$3,509
Aug 20181801,40159.403.07$14,988
Jul 201801,64565.142.93$4,823
Jun 20181811,59560.183.08$15,800
May 201801,35965.382.90$3,942
Apr 201801,94063.842.90$5,628
Mar 201801,35461.222.79$3,773
Feb 20181901,59961.782.77$16,161
Jan 201801,37862.874.01$5,525
Dec 201701,38857.272.92$4,055
Nov 201701,45155.423.12$4,525
Oct 201701,67449.292.98$4,995
Sep 201701,55747.523.09$4,807
Aug 201701,54145.373.00$4,630
Jul 201701,86043.873.09$5,742
Jun 201701,83342.493.09$5,659
May 201701,90345.373.26$6,210
Apr 20171921,79547.933.21$14,967
Mar 201701,92646.772.98$5,747
Feb 201701,75250.452.95$5,173
Jan 201701,90549.413.42$6,513
Dec 201601,69148.763.72$6,295
Nov 20161931,78042.492.64$12,908
Oct 201602,03146.193.09$6,276
Sep 20161892,24241.553.10$14,805
Aug 20161892,59741.442.92$15,427
Jul 20161862,14041.622.92$13,999
Jun 201601,88945.352.69$5,074
May 20161872,25942.521.99$12,449
Apr 20161842,45936.561.99$11,623
Mar 20161902,65533.011.79$11,035
Feb 20163722,60426.472.06$15,221
Jan 20163832,62027.352.36$16,670
Dec 20151902,10132.362.00$10,353
Nov 20151891,69738.792.17$11,009
Oct 201502,10943.552.43$5,118
Sep 201502,47242.992.76$6,819
Aug 201503,53740.162.87$10,160
Jul 201503,90248.152.95$11,492
Jun 20151876,29756.152.88$28,653
May 201505,37355.212.96$15,880
Apr 201503,53849.822.71$9,576
Mar 201503,13042.892.93$9,186
Feb 201501,82144.662.98$5,420
Jan 201501,91143.433.10$5,925
Dec 20140054.693.59$0
Nov 2014033770.464.25$1,433
Oct 2014040478.303.90$1,576
Sep 2014037586.164.05$1,517
Aug 2014037189.394.04$1,497
Jul 201401296.564.18$50
Jun 20140698.164.74$28
May 20140094.734.73$0
Apr 2014018795.944.81$899
Mar 2014096695.895.06$4,885
Feb 201402,00697.406.19$12,421
Jan 201402,89590.404.86$14,072
Dec 20131963,06491.824.35$31,339
Nov 201303,08188.853.74$11,518
Oct 201303,33397.423.78$12,597
Sep 201302,511104.113.72$9,335
Aug 201303,325104.253.52$11,713
Jul 201303,449102.523.72$12,822
Jun 20131833,53594.403.93$31,180
May 201303,16094.834.15$13,111
Apr 201302,01893.964.28$8,642
Mar 201302,74893.623.91$10,753
Feb 201302,93191.233.42$10,024
Jan 20131853,28191.603.42$28,167
Dec 201203,30786.773.42$11,310
Nov 201203,19486.953.62$11,578
Oct 201203,28789.383.40$11,175
Sep 20121743,19194.672.92$25,785
Aug 201203,31092.662.91$9,626
Jul 201203,27585.133.02$9,893
Jun 201203,09779.822.52$7,801
May 201203,15591.612.49$7,851
Apr 20121892,829101.652.00$24,861
Mar 201203,288105.052.22$7,306
Feb 201203,001101.102.57$7,713
Jan 201203,21098.092.73$8,776
Dec 20111823,21296.873.24$28,036
Nov 201103,08795.723.31$10,222
Oct 201103,19384.983.65$11,650
Sep 201103,14083.623.99$12,515
Aug 201103,26483.404.15$13,543
Jul 201103,26094.144.52$14,726
Jun 20111723,14892.904.64$30,585
May 201103,25598.134.40$14,338
Apr 201103,169105.964.33$13,732
Mar 201103,28096.364.06$13,308
Feb 20111952,92485.644.18$28,922
Jan 201103,33186.504.59$15,285
Dec 201003,39185.734.35$14,743
Nov 201003,30080.843.80$12,525
Oct 20101913,45078.103.51$27,023
Sep 201003,40572.633.98$13,550
Aug 201003,54273.684.42$15,653
Jul 201003,56972.554.74$16,905
Jun 201003,52470.364.91$17,304
May 20101933,73171.124.24$29,528
Apr 201002,67381.694.12$11,020
Mar 201003,44778.394.39$15,128
Feb 201003,17773.585.44$17,290
Jan 20101973,51374.365.96$35,601
Dec 200903,53771.445.48$19,396
Nov 200903,48974.593.75$13,089
Oct 200903,68772.544.11$15,154
Sep 200903,71365.543.06$11,379
Aug 20091853,94067.423.22$25,154
Jul 200904,22161.133.46$14,624
Jun 200903,21566.163.90$12,522
May 200904,06454.743.93$15,954
Apr 200903,42446.773.59$12,284
Mar 20091903,04842.144.06$20,378
Feb 200903,73632.814.63$17,309
Jan 200904,46435.865.37$23,976
Dec 20081964,18137.105.98$32,262
Nov 200804,25955.496.86$29,218
Oct 200804,76675.246.92$32,990
Sep 20081893,093101.767.88$43,596
Aug 200804,489114.228.48$38,080
Jul 200804,199131.0811.39$47,824
Jun 200804,211131.3313.03$54,880
May 200804,478123.1711.57$51,830
Apr 20081954,248110.3110.45$65,923
Mar 200804,622101.909.66$44,667
Feb 200804,42892.538.77$38,836
Jan 20081964,77790.388.21$56,913
Dec 200704,80388.337.30$35,071
Nov 20071894,55991.677.29$50,568
Oct 200705,00282.856.92$34,624
Sep 200704,83975.846.24$30,215
Aug 20071925,12369.066.39$45,985
Jul 200705,21870.906.39$33,332
Jun 200704,99162.007.55$37,674
May 20071945,17858.747.85$52,024
Apr 200705,39759.617.81$42,125
Mar 20071965,52156.927.30$51,471
Feb 20071974,70455.108.22$49,503
Jan 200705,09350.306.73$34,260
Dec 20062025,12256.656.92$46,880
Nov 200604,84954.207.62$36,937
Oct 200605,13854.906.01$30,899
Sep 20061846,00960.085.04$41,323
Aug 200605,41668.717.34$39,753
Jul 20061985,97469.376.34$51,627
Jun 200616,10766.286.38$39,053
May 20061894,89866.016.42$43,946
Apr 200605,29764.397.36$38,988
Mar 20062005,49256.707.08$50,239
Feb 200604,97257.597.75$38,539
Jan 20062015,90760.598.93$64,948
Dec 20052005,33654.9413.42$82,573
Nov 200504,85354.6910.59$51,386
Oct 20051785,71358.3413.80$89,200
Sep 200503,82061.4512.08$46,142
Aug 20051955,46261.519.80$65,505
Jul 200504,86655.697.84$38,167
Jun 20051985,98152.337.38$54,507
May 200506,08545.226.65$40,472
Apr 20051796,15749.207.36$54,125
Mar 20052017,39050.377.15$62,999
Feb 200505,52945.226.31$34,899
Jan 20051826,24343.166.32$47,325
Dec 20042037,18439.866.75$56,591
Nov 200405,82345.286.33$36,862
Oct 20041735,28149.706.52$43,004
Sep 200405,89943.245.28$31,170
Aug 20041707,14842.375.55$46,879
Jul 20041946,22338.286.08$45,288
Jun 200405,76936.106.43$37,112
May 20041747,82837.486.49$57,361
Apr 20041696,07434.475.86$41,410
Mar 20041756,35434.365.53$41,152
Feb 200406,16332.455.51$33,956
Jan 20041897,01232.036.30$50,227
Dec 20031857,36330.266.30$51,997
Nov 20031857,56328.804.60$40,081
Oct 20031257,89828.174.76$41,113
Sep 20031617,11226.314.75$38,013
Aug 200307,37529.765.13$37,832
Jul 20031656,93229.415.17$40,697
Jun 20031876,94828.565.98$46,910
May 200308,20726.595.97$49,018
Apr 20033707,90126.675.41$52,591
Mar 200318,00931.146.10$48,854
Feb 20031856,89733.487.93$60,859
Jan 20031816,61730.315.58$42,422
Dec 20023766,33626.914.85$40,872
Nov 200206,35624.664.14$26,295
Oct 200207,31926.464.23$30,953
Sep 200205,41127.443.64$19,670
Aug 20023547,08825.963.16$31,617
Jul 20021778,64524.583.06$30,820
Jun 200207,87923.733.34$26,302
May 20023677,13624.663.58$34,626
Apr 20021875,99423.653.51$25,475
Mar 200205,68422.003.10$17,636
Feb 20021816,69918.222.38$19,213
Jan 20021797,68917.172.38$21,340
Dec 20011848,12816.932.36$22,333
Nov 20011819,04118.072.41$25,019
Oct 20011826,46619.782.53$19,952
Sep 20013706,80324.262.25$24,292
Aug 200109,95424.873.05$30,391
Jul 20013539,35823.933.20$38,366
Jun 20013707,98924.563.82$39,638
May 2001010,14425.524.31$43,693
Apr 20013659,81324.685.34$61,364
Mar 20011808,18224.545.38$48,407
Feb 20011907,71227.755.77$49,748
Jan 20011868,03327.478.40$72,577
Dec 20001888,10626.889.12$79,000
Nov 200007,18132.215.66$40,630
Oct 20001817,66231.235.15$45,077
Sep 20001878,41231.875.19$49,589
Aug 20001789,41229.644.54$48,013
Jul 200009,02628.534.09$36,914
Jun 20001807,81529.304.40$39,639
May 20003618,13527.263.68$39,776
Apr 20001888,73924.513.12$31,839
Mar 20001859,76428.422.86$33,180
Feb 200008,66827.622.73$23,633
Jan 20003669,50425.272.48$32,823
Dec 19991879,81124.282.42$28,319
Nov 19991889,91923.192.43$28,502
Oct 199918610,60620.982.80$33,638
Sep 199918410,42221.752.62$31,296
Aug 199936613,12819.262.88$44,800
Jul 1999010,97017.892.37$26,025
Jun 199937311,60615.942.36$33,360
May 199919010,88315.792.32$28,260
Apr 19991938,70015.102.21$22,124
Mar 199918112,11412.471.84$24,527
Feb 199937510,6769.981.82$23,149
Jan 199937810,81810.381.90$24,477
Dec 199818810,9569.201.77$21,158
Nov 199818710,81410.892.19$25,673
Oct 199854011,42112.421.97$29,197
Sep 1998011,47612.592.08$23,900
Aug 199835011,90811.301.91$26,668
Jul 199816611,90611.742.24$28,586
Jun 199836911,96311.242.24$30,912
May 199818512,74612.622.21$30,457
Apr 199837312,13513.042.51$35,266
Mar 199818712,97712.802.31$32,363
Feb 199838113,06613.952.30$35,355
Jan 199857914,73514.702.15$40,262
Dec 199736513,62316.322.41$38,803
Nov 199772914,68018.193.09$58,596
Oct 199719014,62919.253.15$49,736
Sep 199772317,64617.742.95$64,968
Aug 199718414,22617.862.55$39,630
Jul 199717813,41217.582.25$33,265
Jun 199735412,58517.242.26$34,510
May 199736912,46318.972.31$35,771
Apr 199737112,14117.882.08$31,921
Mar 199735911,72618.951.94$29,541
Feb 199718110,52820.492.21$26,932
Jan 199718911,24123.483.54$44,227
Dec 199637512,80723.32$8,745
Nov 199654714,62521.97$12,018
Oct 199652917,63223.31$12,331
Sep 199654117,74622.22$12,021
Aug 199672318,35320.26$14,648
Jul 199654315,40819.55$10,616
Jun 199674118,58218.73$13,879
May 19961,44913,84119.43$28,154
Apr 19963687,11421.51$7,916
Mar 199607,56619.38$0
Feb 19963868,97516.98$6,554
Jan 199637610,48317.07$6,418
Dec 199537811,12417.19$6,498
Nov 199537411,52616.00$5,984
Oct 199555112,52515.43$8,502
Sep 199555013,16616.18$8,899
Aug 199553914,03915.92$8,581
Jul 199574814,89015.24$11,400
Jun 199595016,41316.41$15,590
May 19951,11622,48117.56$19,597
Apr 19950017.73$0
Mar 199592020,55616.44$15,125
Feb 19951,65924,97716.58$27,506
Jan 19953668,33015.92$5,827
Dec 19943647,37115.03$5,471
Nov 19945489,27415.90$8,713
Oct 199491010,56615.58$14,178
Sep 19941,07613,77915.29$16,452
Aug 19941,80925,03416.13$29,179
Jul 199470310,74917.56$12,345
Jun 19943659,65517.09$6,238
May 19945409,89915.88$8,575
Apr 199436929,27314.14$5,218
Mar 19941,09634,68812.46$13,656
Feb 19941,49144,98112.50$18,638
Jan 19941,89135,79112.66$23,940
Dec 19933834,01212.33$4,722
Nov 199303,69214.49$0
Oct 199303,94415.85$0
Sep 19933583,42915.03$5,381
Aug 199303,32315.66$0
Jul 199303,35015.46$0
Jun 199303,39716.79$0
May 199303,66517.68$0
Apr 19931693,44518.05$3,050
Mar 199303,65918.14$0
Feb 19931933,06417.90$3,455
Jan 199303,54616.93$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.

Dec 2023 — as filed, then multipliedworked
Oil                    2 bbl  × $ 71.26 =       $143
Casinghead gas         0 Mcf  × $  2.61 =         $0

────────────────────────────────────────────────────
Month total                                     $143

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/14018 is the state's own key, not one this site invented.