KING

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 14203District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$5.7 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
OilDisposition62,121 bbl$2,081,867
Casinghead gasProduction1,242,039 Mcf$3,629,249
Total$5,711,115

363,836 Mcf of this lease's gas, across 45 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 30.2101, -96.8750. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.21007, -96.87498 · 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
8,470 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 8,470 ft.

Completions filed
Oct 1995
1 of 1 wells

1 well

42-2873021288,470 ftOct 1995Yes

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 20230071.262.61$0
Nov 20230077.892.81$0
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 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202289081.844.54$7,284
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020082616.921.81$1,499
Apr 2020075314.751.80$1,359
Mar 2020077130.341.86$1,431
Feb 2020069949.881.98$1,384
Jan 2020077357.252.09$1,619
Dec 2019076059.012.30$1,751
Nov 2019075755.302.75$2,082
Oct 2019079353.472.42$1,918
Sep 2019072955.052.66$1,937
Aug 2019068953.112.30$1,588
Jul 2019091456.272.46$2,248
Jun 2019074552.782.49$1,856
May 2019073558.482.74$2,014
Apr 2019067162.632.75$1,846
Mar 2019083156.803.06$2,545
Feb 201918089250.852.79$11,644
Jan 2019096146.033.23$3,102
Dec 2018097146.594.19$4,064
Nov 2018097852.934.24$4,144
Oct 201801,28661.443.40$4,370
Sep 201818264059.543.11$12,825
Aug 20186290559.403.07$6,458
Jul 201801,09565.142.93$3,210
Jun 2018098260.183.08$3,022
May 20181871,18665.382.90$15,666
Apr 2018099263.842.90$2,878
Mar 20183631,19261.222.79$25,545
Feb 20183661,08561.782.77$25,613
Jan 20181821,32862.874.01$16,767
Dec 20171841,37857.272.92$14,564
Nov 201701,28755.423.12$4,013
Oct 201701,33749.292.98$3,989
Sep 201701,12747.523.09$3,479
Aug 2017096545.373.00$2,899
Jul 20171851,05943.873.09$11,385
Jun 201701,00442.493.09$3,100
May 201701,09745.373.26$3,580
Apr 201701,07047.933.21$3,436
Mar 201701,12546.772.98$3,357
Feb 20171861,08250.452.95$12,578
Jan 201701,12549.413.42$3,846
Dec 201601,03848.763.72$3,864
Nov 201601,12842.492.64$2,983
Oct 201601,22846.193.09$3,795
Sep 20161831,26741.553.10$11,532
Aug 201601,30541.442.92$3,816
Jul 201601,32441.622.92$3,872
Jun 201601,25245.352.69$3,363
May 201601,27442.521.99$2,537
Apr 201601,27436.561.99$2,537
Mar 201601,29633.011.79$2,325
Feb 20161911,22026.472.06$7,573
Jan 201601,34627.352.36$3,182
Dec 201501,28332.362.00$2,568
Nov 201501,22238.792.17$2,648
Oct 20151901,36443.552.43$11,584
Sep 201501,38342.992.76$3,815
Aug 201501,36440.162.87$3,918
Jul 201501,35348.152.95$3,985
Jun 20151891,39756.152.88$14,640
May 201501,40255.212.96$4,144
Apr 201501,41249.822.71$3,822
Mar 20151861,47242.892.93$12,297
Feb 20151861,42744.662.98$12,554
Jan 201501,43043.433.10$4,434
Dec 20141901,68954.693.59$16,457
Nov 20141891,53070.464.25$19,822
Oct 201401,62978.303.90$6,355
Sep 20141871,61186.164.05$22,629
Aug 20141841,79989.394.04$23,707
Jul 20141851,67696.564.18$24,869
Jun 20141871,75898.164.74$26,683
May 20141851,65594.734.73$25,348
Apr 201401,69595.944.81$8,151
Mar 20141942,08095.895.06$29,121
Feb 20147472,02697.406.19$85,303
Jan 201418570590.404.86$20,151
Dec 201301,30191.824.35$5,665
Nov 201301,41288.853.74$5,278
Oct 20131861,66397.423.78$24,405
Sep 201301,577104.113.72$5,863
Aug 201301,602104.253.52$5,643
Jul 201301,769102.523.72$6,577
Jun 20131901,76894.403.93$24,890
May 201302,01794.834.15$8,369
Apr 201301,19593.964.28$5,118
Mar 201301,71493.623.91$6,707
Feb 201301,33391.233.42$4,559
Jan 20131951,40891.603.42$22,677
Dec 201201,60386.773.42$5,483
Nov 201201,64486.953.62$5,959
Oct 201201,80589.383.40$6,136
Sep 20121881,88494.672.92$23,296
Aug 20121912,00292.662.91$23,520
Jul 20121881,96285.133.02$21,931
Jun 20121751,87979.822.52$18,702
May 201201,94091.612.49$4,827
Apr 20121881,906101.652.00$22,916
Mar 20121801,915105.052.22$23,164
Feb 20123611,857101.102.57$41,270
Jan 20121821,79198.092.73$22,749
Dec 20111861,82096.873.24$23,914
Nov 20111791,72695.723.31$22,849
Oct 20111931,76984.983.65$22,855
Sep 201101,85283.623.99$7,382
Aug 20111771,84783.404.15$22,426
Jul 201101,78994.144.52$8,081
Jun 20111771,82592.904.64$24,911
May 201101,65698.134.40$7,294
Apr 201101,554105.964.33$6,734
Mar 201101,66796.364.06$6,764
Feb 20111821,52685.644.18$21,965
Jan 201101,73586.504.59$7,962
Dec 201001,90585.734.35$8,282
Nov 20101891,67580.843.80$21,636
Oct 201001,87378.103.51$6,572
Sep 201001,78972.633.98$7,119
Aug 20101901,98573.684.42$22,772
Jul 201002,03372.554.74$9,629
Jun 20101932,11670.364.91$23,970
May 201002,18071.124.24$9,233
Apr 2010088681.694.12$3,653
Mar 201002,25578.394.39$9,896
Feb 20101952,21573.585.44$26,403
Jan 201001,98674.365.96$11,845
Dec 20091912,60371.445.48$27,919
Nov 200901,74674.593.75$6,550
Oct 200901,89372.544.11$7,781
Sep 20091842,41965.543.06$19,473
Aug 20091872,83967.423.22$21,745
Jul 200902,59861.133.46$9,001
Jun 20091872,43366.163.90$21,848
May 20091952,95854.743.93$22,287
Apr 20091916,32746.773.59$31,631
Mar 20091933,50142.144.06$22,344
Feb 200902,65532.814.63$12,301
Jan 20091962,56035.865.37$20,778
Dec 200802,80337.105.98$16,754
Nov 20081932,57255.496.86$28,354
Oct 200802,78775.246.92$19,292
Sep 200801,997101.767.88$15,731
Aug 20081942,469114.228.48$43,103
Jul 200802,692131.0811.39$30,660
Jun 200802,401131.3313.03$31,291
May 20081942,591123.1711.57$53,884
Apr 200802,487110.3110.45$26,001
Mar 20081962,270101.909.66$41,910
Feb 200802,13692.538.77$18,734
Jan 200802,33690.388.21$19,169
Dec 20071952,38088.337.30$34,603
Nov 200702,37391.677.29$17,303
Oct 20071922,54582.856.92$33,524
Sep 200702,64275.846.24$16,497
Aug 20071922,57069.066.39$29,677
Jul 200712,67370.906.39$17,146
Jun 20071952,78962.007.55$33,143
May 20071922,81658.747.85$33,373
Apr 20071912,54859.617.81$31,273
Mar 20071942,71056.927.30$30,831
Feb 20071942,52455.108.22$31,427
Jan 20071912,98250.306.73$29,667
Dec 200613,18356.656.92$22,078
Nov 20061813,20454.207.62$34,217
Oct 20061853,44154.906.01$30,850
Sep 20063723,52460.085.04$40,101
Aug 20061874,19168.717.34$43,610
Jul 200603,63169.376.34$23,031
Jun 20061752,77466.286.38$29,308
May 20061882,87066.016.42$30,850
Apr 200602,80364.397.36$20,631
Mar 200613,07456.707.08$21,830
Feb 20061882,74857.597.75$32,127
Jan 20061843,06960.598.93$38,565
Dec 200502,74554.9413.42$36,825
Nov 200502,96554.6910.59$31,395
Oct 20051682,95858.3413.80$50,609
Sep 20051582,84761.4512.08$44,098
Aug 200503,10261.519.80$30,390
Jul 20051683,08055.697.84$33,514
Jun 20051772,94652.337.38$31,007
May 20051873,09145.226.65$29,015
Apr 200503,05549.207.36$22,486
Mar 20051763,57450.377.15$34,437
Feb 20051772,83345.226.31$25,886
Jan 20051933,31143.166.32$29,263
Dec 20041872,98639.866.75$27,613
Nov 20041613,05545.286.33$26,630
Oct 20041773,74849.706.52$33,215
Sep 200402,51043.245.28$13,263
Aug 20041813,18542.375.55$25,348
Jul 200413,20038.286.08$19,508
Jun 20041773,31136.106.43$27,689
May 20041853,47237.486.49$29,483
Apr 20041783,21134.475.86$24,947
Mar 20041793,58434.365.53$25,970
Feb 20041793,30232.455.51$24,001
Jan 200403,48332.036.30$21,942
Dec 20031803,52930.266.30$27,685
Nov 20033433,46828.804.60$25,814
Oct 200313,43428.174.76$16,373
Sep 20031803,63226.314.75$21,985
Aug 20031794,30329.765.13$27,400
Jul 200303,90629.415.17$20,197
Jun 20033543,48628.565.98$30,967
May 20033634,35826.595.97$35,681
Apr 20033793,62526.675.41$29,709
Mar 20031794,22331.146.10$31,318
Feb 200303,69133.487.93$29,254
Jan 20033554,20430.315.58$34,227
Dec 200204,55326.914.85$22,099
Nov 200204,07324.664.14$16,850
Oct 20021814,54426.464.23$24,006
Sep 20023583,80227.443.64$23,645
Aug 20023484,25025.963.16$22,482
Jul 200203,80324.583.06$11,644
Jun 20023524,62823.733.34$23,802
May 200204,82224.663.58$17,282
Apr 20023644,22123.653.51$23,434
Mar 20021814,93422.003.10$19,291
Feb 200204,19518.222.38$9,966
Jan 20021864,79217.172.38$14,578
Dec 20011785,34816.932.36$15,658
Nov 20011825,74918.072.41$17,118
Oct 20013574,93619.782.53$19,544
Sep 20011783,45724.262.25$12,101
Aug 20013553,82024.873.05$20,492
Jul 200103,87923.933.20$12,401
Jun 200103,91624.563.82$14,975
May 20011783,36325.524.31$19,028
Apr 200103,50224.685.34$18,684
Mar 200103,71424.545.38$19,968
Feb 200103,46727.755.77$19,994
Jan 20013624,00627.478.40$43,590
Dec 200003,95526.889.12$36,079
Nov 200003,82932.215.66$21,664
Oct 20001783,92031.235.15$25,729
Sep 200003,93631.875.19$20,414
Aug 20003484,26829.644.54$29,695
Jul 200004,23028.534.09$17,300
Jun 200004,09229.304.40$17,994
May 200003,81527.263.68$14,038
Apr 20003614,82024.513.12$23,867
Mar 200005,25528.422.86$15,028
Feb 200004,48627.622.73$12,231
Jan 200004,95525.272.48$12,291
Dec 199904,41824.282.42$10,708
Nov 199904,32123.192.43$10,517
Oct 19991794,70520.982.80$16,947
Sep 19993626,04921.752.62$23,715
Aug 19991,0746,04319.262.88$38,062
Jul 19997045,63217.892.37$25,956
Jun 19993686,91915.942.36$22,209
May 199905,52715.792.32$12,828
Apr 19993566,56415.102.21$19,869
Mar 199906,90012.471.84$12,684
Feb 199906,6679.981.82$12,119
Jan 19993847,39510.381.90$18,036
Dec 19981907,8749.201.77$15,711
Nov 19983718,04810.892.19$21,631
Oct 19983628,65712.421.97$21,543
Sep 199807,88512.592.08$16,421
Aug 19983558,69611.301.91$20,598
Jul 199808,74211.742.24$19,558
Jun 19983648,73011.242.24$23,623
May 19983529,56812.622.21$25,553
Apr 199818010,10413.042.51$27,661
Mar 199871210,61912.802.31$33,638
Feb 199807,89713.952.30$18,156
Jan 199874010,60614.702.15$33,732
Dec 199773811,76216.322.41$40,404
Nov 19971,08612,55618.193.09$58,531
Oct 199771913,73319.253.15$57,097
Sep 19973538,57417.742.95$31,597
Aug 199708,27317.862.55$21,135
Jul 19975368,43317.582.25$28,371
Jun 199706,21617.242.26$14,031
May 199707,63918.972.31$17,635
Apr 19971838,32917.882.08$20,620
Mar 19973639,07918.951.94$24,484
Feb 19973609,39920.492.21$28,110
Jan 199736811,23923.483.54$48,423
Dec 199635610,91523.32$8,302
Nov 199654315,72821.97$11,930
Oct 199672615,21823.31$16,923
Sep 199635612,26822.22$7,910
Aug 199654015,14820.26$10,940
Jul 199672713,65119.55$14,213
Jun 199670618,83318.73$13,223
May 199670823,99819.43$13,756
Apr 19961,24723,89621.51$26,823
Mar 19961,47126,92419.38$28,508
Feb 19961,12027,23316.98$19,018
Jan 19961,84033,64917.07$31,409
Dec 19952,73142,23617.19$46,946
Nov 19954,921016.00$78,736
Oct 19953,418015.43$52,740
Sep 1995180016.18$2,912
Aug 1995067215.92$0
Jul 199501,16315.24$0
Jun 1995089816.41$0
May 1995132317.56$18
Apr 1995761117.73$124
Mar 199515840716.44$2,598
Feb 1995040316.58$0
Jan 1995060215.92$0
Dec 1994061515.03$0
Nov 1994034915.90$0
Oct 199416478715.58$2,555
Sep 1994011315.29$0
Aug 199404116.13$0
Jul 199417635917.56$3,091
Jun 199401,69817.09$0
May 19941733,73915.88$2,747
Apr 199413,66114.14$14
Mar 19941903,88212.46$2,367
Feb 19941793,54812.50$2,238
Jan 19941823,64212.66$2,304
Dec 19931753,88312.33$2,158
Nov 199314,55314.49$14
Oct 19931824,85915.85$2,885
Sep 19931844,86415.03$2,766
Aug 19931835,48015.66$2,866
Jul 19931545,50715.46$2,381
Jun 19931585,55416.79$2,653
May 19931062,64117.68$1,874
Apr 19931794,70718.05$3,231
Mar 19933554,18918.14$6,440
Feb 199315,09917.90$18
Jan 19931855,29016.93$3,132

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.

Jan 2022 — as filed, then multipliedworked
Oil                   89 bbl  × $ 81.84 =     $7,284
Casinghead gas         0 Mcf  × $  4.54 =         $0

────────────────────────────────────────────────────
Month total                                   $7,284

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/14203 is the state's own key, not one this site invented.