TRIANGLE "K"

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 14021District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$8.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$33 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
OilDisposition137,673 bbl$5,054,549
Casinghead gasProduction596,324 Mcf$3,445,197
Total$8,499,746

19 Mcf of this lease's gas, across 19 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 29.9775, -96.9358. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.97753, -96.93578 · 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
9,647 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 9,647 ft.

Completions filed
Oct 2002
1 of 1 wells

1 well

42-1493073319,647 ftOct 2002Yes

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 2026026106.413.05$79
Apr 202606898.932.87$195
Mar 202618012789.753.15$16,555
Feb 2026012463.503.75$465
Jan 2026012959.138.00$1,032
Dec 2025017856.664.41$786
Nov 2025013358.593.93$522
Oct 2025025259.383.30$833
Sep 20251874162.743.08$11,859
Aug 202503863.933.01$115
Jul 202508766.743.32$288
Jun 2025017266.483.13$538
May 202507260.553.23$233
Apr 202503962.363.54$138
Mar 2025017667.704.27$751
Feb 2025016270.884.34$703
Jan 20250374.324.28$13
Dec 20240668.993.12$19
Nov 202418012069.052.20$12,693
Oct 202402571.372.28$57
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20241875279.932.15$15,059
Jun 2024013578.082.63$356
May 2024016978.812.20$372
Apr 202404584.451.66$75
Mar 2024013280.301.55$204
Feb 2024014376.091.78$255
Jan 202418824273.023.30$14,526
Dec 2023031671.262.61$825
Nov 2023026977.892.81$755
Oct 2023128785.443.09$971
Sep 202318021689.042.74$16,618
Aug 2023019880.522.67$529
Jul 2023025874.852.64$682
Jun 2023129668.962.26$737
May 2023023270.622.23$517
Apr 202318023578.122.24$14,587
Mar 2023022672.852.39$541
Feb 2023021175.112.47$520
Jan 2023024876.533.39$840
Dec 202218425676.415.73$15,526
Nov 2022024085.005.65$1,355
Oct 2022025987.185.86$1,519
Sep 2022120984.888.16$1,791
Aug 202217524194.529.13$18,741
Jul 20220271101.587.54$2,044
Jun 20221344115.097.98$2,859
May 2022190753109.378.43$27,130
Apr 20220365104.226.84$2,496
Mar 20220297108.885.08$1,508
Feb 2022015491.054.86$748
Jan 202219218681.844.54$16,557
Dec 2021030571.323.90$1,189
Nov 2021029277.435.24$1,529
Oct 2021017979.795.71$1,023
Sep 2021026569.865.35$1,418
Aug 202119631066.024.22$14,248
Jul 202102670.783.98$104
Jun 2021020669.493.38$696
May 2021018263.483.02$549
Apr 20210060.362.76$0
Mar 202108161.302.72$220
Feb 20211849757.805.55$11,173
Jan 2021012550.412.81$351
Dec 2020015844.642.68$423
Nov 2020014538.772.71$392
Oct 202018617236.972.48$7,303
Sep 2020013337.091.99$265
Aug 2020013339.982.39$317
Jul 2020011538.371.83$210
Jun 2020012534.901.69$211
May 2020015416.921.81$279
Apr 20201609514.751.80$2,531
Mar 202009930.341.86$184
Feb 2020012849.881.98$254
Jan 2020010957.252.09$228
Dec 20191759659.012.30$10,548
Nov 2019014355.302.75$393
Oct 2019020153.472.42$486
Sep 2019012155.052.66$322
Aug 2019015953.112.30$366
Jul 201917515356.272.46$10,224
Jun 201908452.782.49$209
May 2019012858.482.74$351
Apr 2019011362.632.75$311
Mar 2019013056.803.06$398
Feb 201909250.852.79$257
Jan 201919020346.033.23$9,401
Dec 2018016146.594.19$674
Nov 2018017452.934.24$737
Oct 2018016461.443.40$557
Sep 201817415759.543.11$10,848
Aug 2018015759.403.07$481
Jul 2018020965.142.93$613
Jun 201818924460.183.08$12,125
May 201808765.382.90$252
Apr 201803463.842.90$99
Mar 2018013261.222.79$368
Feb 201819914261.782.77$12,687
Jan 2018018962.874.01$758
Dec 2017021157.272.92$616
Nov 201719220555.423.12$11,280
Oct 2017026849.292.98$800
Sep 201701647.523.09$49
Aug 2017010345.373.00$309
Jul 2017016043.873.09$494
Jun 201719311642.493.09$8,559
May 2017028145.373.26$917
Apr 2017034547.933.21$1,108
Mar 201719451046.772.98$10,595
Feb 2017014850.452.95$437
Jan 2017026649.413.42$909
Dec 2016014148.763.72$525
Nov 201618817142.492.64$8,440
Oct 2016018946.193.09$584
Sep 2016020141.553.10$623
Aug 201618638441.442.92$8,831
Jul 2016024241.622.92$708
Jun 201604145.352.69$110
May 201619127042.521.99$8,659
Apr 2016024136.561.99$480
Mar 201619038733.011.79$6,966
Feb 2016031326.472.06$646
Jan 2016029527.352.36$697
Dec 20151912,28432.362.00$10,752
Nov 2015023438.792.17$507
Oct 2015024443.552.43$592
Sep 201517730642.992.76$8,453
Aug 201504740.162.87$135
Jul 2015050148.152.95$1,475
Jun 2015041056.152.88$1,182
May 201518924155.212.96$11,147
Apr 2015029049.822.71$785
Mar 2015048342.892.93$1,417
Feb 201518822044.662.98$9,051
Jan 2015046143.433.10$1,429
Dec 2014058354.693.59$2,094
Nov 2014037670.464.25$1,599
Oct 201418946778.303.90$16,620
Sep 2014031286.164.05$1,262
Aug 2014010989.394.04$440
Jul 2014056196.564.18$2,345
Jun 201418439098.164.74$19,909
May 2014032094.734.73$1,513
Apr 2014020795.944.81$995
Mar 201419231895.895.06$20,019
Feb 201405597.406.19$341
Jan 2014020690.404.86$1,001
Dec 2013023891.824.35$1,036
Nov 2013020188.853.74$751
Oct 201317719697.423.78$17,984
Sep 20130190104.113.72$706
Aug 20130194104.253.52$683
Jul 2013013102.523.72$48
Jun 20131799194.403.93$17,256
May 2013014794.834.15$610
Apr 2013031293.964.28$1,336
Mar 201319014093.623.91$18,336
Feb 2013025291.233.42$862
Jan 2013031991.603.42$1,091
Dec 201219635486.773.42$18,218
Nov 2012038886.953.62$1,406
Oct 201219037089.383.40$18,240
Sep 2012030194.672.92$878
Aug 201219044592.662.91$18,900
Jul 2012040985.133.02$1,236
Jun 201218543879.822.52$15,870
May 2012049091.612.49$1,219
Apr 2012191370101.652.00$20,154
Mar 20120455105.052.22$1,011
Feb 2012186456101.102.57$19,977
Jan 201219655698.092.73$20,746
Dec 2011054196.873.24$1,753
Nov 201118663895.723.31$19,917
Oct 201119443584.983.65$18,073
Sep 2011035283.623.99$1,403
Aug 201118436983.404.15$16,877
Jul 2011039794.144.52$1,793
Jun 201118833292.904.64$19,006
May 20111031798.134.40$2,378
Apr 2011188382105.964.33$21,576
Mar 2011037596.364.06$1,522
Feb 201119651085.644.18$18,917
Jan 201119165386.504.59$19,518
Dec 2010065585.734.35$2,848
Nov 201019452080.843.80$17,657
Oct 2010062478.103.51$2,190
Sep 201018562772.633.98$15,932
Aug 201019260073.684.42$16,798
Jul 201019388772.554.74$18,203
Jun 2010072070.364.91$3,535
May 20101941,15071.124.24$18,668
Apr 201019090781.694.12$19,260
Mar 201019487878.394.39$19,061
Feb 201019396273.585.44$19,436
Jan 201019591574.365.96$19,957
Dec 200918797471.445.48$18,700
Nov 20091931,08074.593.75$18,447
Oct 2009099472.544.11$4,086
Sep 20091941,18765.543.06$16,353
Aug 20091801,47867.423.22$16,893
Jul 200919043661.133.46$13,125
Jun 200917947966.163.90$13,708
May 20091941,04854.743.93$14,734
Apr 20091951,13446.773.59$13,188
Mar 20091971,05542.144.06$12,584
Feb 200919766132.814.63$9,526
Jan 20091971,08635.865.37$12,897
Dec 20081991,26537.105.98$14,944
Nov 20081871,09355.496.86$17,875
Oct 20081971,33875.246.92$24,084
Sep 20083681,278101.767.88$47,515
Aug 20081941,232114.228.48$32,610
Jul 20081941,471131.0811.39$42,183
Jun 2008192692131.3313.03$34,234
May 20081921,172123.1711.57$37,214
Apr 20081951,182110.3110.45$33,868
Mar 20081951,246101.909.66$31,912
Feb 20081951,27392.538.77$29,208
Jan 20083921,38990.388.21$46,827
Dec 20071931,57888.337.30$28,570
Nov 20073851,72191.677.29$47,842
Oct 20071931,76782.856.92$28,221
Sep 20071931,69275.846.24$25,202
Aug 20073831,91669.066.39$38,689
Jul 20071811,95070.906.39$25,289
Jun 20071961,95862.007.55$26,932
May 20075862,19258.747.85$51,621
Apr 20073982,17559.617.81$40,701
Mar 20073912,35056.927.30$39,415
Feb 20073952,08455.108.22$38,887
Jan 20073602,37050.306.73$34,051
Dec 20061832,37556.656.92$26,798
Nov 20063552,47054.207.62$38,056
Oct 20065362,67654.906.01$45,519
Sep 20063552,70060.085.04$34,929
Aug 20063482,89868.717.34$45,182
Jul 20063603,02869.376.34$44,179
Jun 20063562,90166.286.38$42,115
May 20063603,18366.016.42$44,214
Apr 20065313,39064.397.36$59,143
Mar 20063643,61756.707.08$46,258
Feb 20065483,30757.597.75$57,192
Jan 20065414,05460.598.93$68,995
Dec 20055384,33554.9413.42$87,713
Nov 20055394,59254.6910.59$78,100
Oct 20053353,42658.3413.80$66,808
Sep 20052933,31061.4512.08$57,986
Aug 20053051,85761.519.80$36,953
Jul 20053433,07055.697.84$43,182
Jun 20055203,53752.337.38$53,318
May 20057293,53645.226.65$56,484
Apr 20051843,25249.207.36$32,989
Mar 200517573450.377.15$14,066
Feb 20053462,50145.226.31$31,432
Jan 20053442,78543.166.32$32,454
Dec 20043632,95839.866.75$34,439
Nov 20041662,68545.286.33$24,514
Oct 20045193,77849.706.52$50,408
Sep 20045454,33843.245.28$46,487
Aug 20047155,17442.375.55$59,014
Jul 20047146,39938.286.08$66,265
Jun 20048837,85136.106.43$82,382
May 20041,0789,11437.486.49$99,595
Apr 20049019,01234.475.86$83,854
Mar 20047205,50534.365.53$55,183
Feb 20041,1077,21632.455.51$75,680
Jan 20041,1008,31332.036.30$87,602
Dec 20031,1008,29030.266.30$85,527
Nov 20031,2599,49428.804.60$79,886
Oct 20031,42411,45728.174.76$94,645
Sep 20031,43913,48926.314.75$101,924
Aug 20032,12116,82929.765.13$149,449
Jul 20033,02919,61529.415.17$190,509
Jun 20035,34220,35828.565.98$274,369
May 20035,15716,88126.595.97$237,949
Apr 20033,40325,39426.675.41$228,070
Mar 20034,69533,42531.146.10$349,962
Feb 20036,15836,23233.487.93$493,340
Jan 200310,82670230.315.58$332,055
Dec 200216,93756,23426.914.85$728,721
Nov 200226,56564,51324.664.14$921,981
Oct 20028,81413,74926.464.23$291,365
Sep 20020027.443.64$0
Aug 2002108025.963.16$2,804
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
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 1995155015.92$2,468
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 19940115.29$0
Aug 19940116.13$0
Jul 19940117.56$0
Jun 19940117.09$0
May 1994184115.88$2,922
Apr 19940014.14$0
Mar 19940112.46$0
Feb 19940112.50$0
Jan 19940112.66$0
Dec 19930112.33$0
Nov 19930114.49$0
Oct 19930115.85$0
Sep 1993187115.03$2,811
Aug 19930115.66$0
Jul 19930115.46$0
Jun 19930116.79$0
May 19930117.68$0
Apr 19930118.05$0
Mar 1993179118.14$3,247
Feb 19930017.90$0
Jan 1993189116.93$3,200

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        26 Mcf  × $  3.05 =        $79

────────────────────────────────────────────────────
Month total                                      $79

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/14021 is the state's own key, not one this site invented.