SCHMIDT-SACKS UNIT

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 14286District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.5 M
Jan 1993 – May 2026
Value, last 12 filed months
$123 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
OilDisposition72,868 bbl$3,018,893
Casinghead gasProduction168,023 Mcf$495,767
Total$3,514,660

31,891 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 30.1941, -96.8251. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.1 miles.

30.19414, -96.82509 · 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
9,339 ft
2 wells filed one
Completion to plug
30.3 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 9,228 and 9,450 ft, median 9,339 ft, over the 2 wells that filed a depth.

Completions filed
May 1981 – Nov 1995
2 of 2 wells
Plug dates filed
Aug 2011
1 of 2 wells; 1 filed none

Last completion to plug: a median of 30.3 years across the 1 well that filed both dates, with the middle half between 30.3 years and 30.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-287324771 H9,228 ftNov 1995
42-2873089519,450 ftMay 1981Aug 2011Yes

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 2026179340106.413.05$20,083
Apr 202618133498.932.87$18,865
Mar 2026041489.753.15$1,304
Feb 202636550563.503.75$25,071
Jan 202618151359.138.00$14,805
Dec 202518763956.664.41$13,416
Nov 2025367558.593.93$2,826
Oct 202519928159.383.30$12,745
Sep 202501162.743.08$34
Aug 202504163.933.01$124
Jul 20251844066.743.32$12,413
Jun 2025149866.483.13$1,625
May 202518137760.553.23$12,178
Apr 202536553162.363.54$24,643
Mar 202518139167.704.27$13,923
Feb 202518938570.884.34$15,068
Jan 202538175674.324.28$31,551
Dec 202437776168.993.12$28,385
Nov 20245591,04169.052.20$40,888
Oct 202418748671.372.28$14,455
Sep 202472358069.612.36$51,699
Aug 202453110075.632.06$40,366
Jul 202402079.932.15$43
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 2024133880.301.55$603
Feb 202417136976.091.78$13,670
Jan 2024039773.023.30$1,309
Dec 202317839971.262.61$13,726
Nov 202318438377.892.81$15,407
Oct 2023037185.443.09$1,145
Sep 202317535789.042.74$16,558
Aug 2023132780.522.67$955
Jul 202319933374.852.64$15,775
Jun 2023228668.962.26$784
May 202318135970.622.23$13,582
Apr 2023035578.122.24$794
Mar 202317318472.852.39$13,043
Feb 2023116075.112.47$470
Jan 202317623476.533.39$14,262
Dec 202218426876.415.73$15,595
Nov 2022024585.005.65$1,383
Oct 20220087.185.86$0
Sep 202218218684.888.16$16,967
Aug 2022028694.529.13$2,610
Jul 2022184306101.587.54$20,999
Jun 20221333115.097.98$2,772
May 20220358109.378.43$3,019
Apr 2022185317104.226.84$21,448
Mar 20227254108.885.08$2,052
Feb 202218646791.054.86$19,204
Jan 20221867781.844.54$15,572
Dec 2021014971.323.90$581
Nov 2021030377.435.24$1,587
Oct 202118435679.795.71$16,716
Sep 2021034569.865.35$1,846
Aug 202117839166.024.22$13,402
Jul 2021030370.783.98$1,207
Jun 202116933869.493.38$12,886
May 202116941063.483.02$11,965
Apr 2021059060.362.76$1,627
Mar 20211702861.302.72$10,497
Feb 202102057.805.55$111
Jan 2021014050.412.81$393
Dec 202015533244.642.68$7,807
Nov 2020035238.772.71$953
Oct 2020038536.972.48$954
Sep 2020033937.091.99$675
Aug 202018120139.982.39$7,716
Jul 202018545838.371.83$7,934
Jun 2020035934.901.69$607
May 202018740416.921.81$3,897
Apr 202018142914.751.80$3,444
Mar 2020016030.341.86$297
Feb 2020027449.881.98$543
Jan 202017640557.252.09$10,924
Dec 2019042459.012.30$977
Nov 201918345255.302.75$11,363
Oct 201919847653.472.42$11,738
Sep 2019039855.052.66$1,058
Aug 201917750553.112.30$10,564
Jul 2019054056.272.46$1,328
Jun 201928543852.782.49$16,133
May 2019051258.482.74$1,403
Apr 201918540662.632.75$12,703
Mar 2019049356.803.06$1,510
Feb 201917143750.852.79$9,916
Jan 201917157346.033.23$9,721
Dec 201818631246.594.19$9,972
Nov 2018043452.934.24$1,839
Oct 201817950461.443.40$12,710
Sep 2018041859.543.11$1,299
Aug 201818751259.403.07$12,678
Jul 201818466465.142.93$13,933
Jun 201818256260.183.08$12,682
May 2018054765.382.90$1,587
Apr 201817343563.842.90$12,306
Mar 201817150061.222.79$11,862
Feb 20181809061.782.77$11,369
Jan 2018045462.874.01$1,820
Dec 201718350757.272.92$11,962
Nov 2017050155.423.12$1,562
Oct 201718953249.292.98$10,903
Sep 201719053147.523.09$10,668
Aug 201718651645.373.00$9,989
Jul 2017053743.873.09$1,658
Jun 201718951642.493.09$9,624
May 201718153945.373.26$9,971
Apr 201718252547.933.21$10,409
Mar 201718153246.772.98$10,053
Feb 2017049450.452.95$1,459
Jan 201719358449.413.42$11,533
Dec 201618960648.763.72$11,472
Nov 201619563342.492.64$9,959
Oct 201618659546.193.09$10,430
Sep 201618663441.553.10$9,694
Aug 201618669041.442.92$9,726
Jul 201618771741.622.92$9,880
Jun 201618976845.352.69$10,634
May 2016084042.521.99$1,672
Apr 201618985436.561.99$8,610
Mar 201619492633.011.79$8,065
Feb 20161901,15026.472.06$7,402
Jan 20163831,24227.352.36$13,412
Dec 20151961,33032.362.00$9,004
Nov 20153821,61438.792.17$18,316
Oct 20151891,03343.552.43$10,738
Sep 201518168142.992.76$9,660
Aug 20153821,49240.162.87$19,627
Jul 20151911,01348.152.95$12,180
Jun 201518431056.152.88$11,225
May 201518931055.212.96$11,351
Apr 201519234249.822.71$10,491
Mar 2015048942.892.93$1,435
Feb 20153761,24544.662.98$20,498
Jan 20153831,29343.433.10$20,643
Dec 20143811,69254.693.59$26,913
Nov 20143841,35870.464.25$32,831
Oct 201418041978.303.90$15,729
Sep 201418963386.164.05$18,845
Aug 20143831,57689.394.04$40,596
Jul 20143731,69396.564.18$43,093
Jun 201418788898.164.74$22,562
May 201419061094.734.73$20,882
Apr 20143691,42695.944.81$42,260
Mar 20145721,07395.895.06$60,275
Feb 2014043997.406.19$2,718
Jan 20143661,25090.404.86$39,162
Dec 20131871,08791.824.35$21,904
Nov 20133711,14588.853.74$37,244
Oct 20131861,06397.423.78$22,138
Sep 2013191612104.113.72$22,160
Aug 20131881,133104.253.52$23,590
Jul 2013944405102.523.72$98,285
Jun 201303594.403.93$138
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 201309291.233.42$315
Jan 201319514991.603.42$18,372
Dec 2012018186.773.42$619
Nov 201218822986.953.62$17,177
Oct 2012024289.383.40$823
Sep 201218126594.672.92$17,909
Aug 2012024592.662.91$713
Jul 201218322085.133.02$16,243
Jun 2012018179.822.52$456
May 201217922891.612.49$16,966
Apr 20120247101.652.00$493
Mar 2012182213105.052.22$19,592
Feb 20120174101.102.57$447
Jan 201219124598.092.73$19,405
Dec 2011022296.873.24$719
Nov 201118914995.723.31$18,584
Oct 2011020384.983.65$741
Sep 201117928983.623.99$16,120
Aug 2011019183.404.15$793
Jul 20111819294.144.52$17,455
Jun 2011016892.904.64$780
May 201101698.134.40$70
Apr 20110228105.964.33$988
Mar 201118927596.364.06$19,328
Feb 2011017585.644.18$732
Jan 201119119886.504.59$17,430
Dec 2010014185.734.35$613
Nov 201005880.843.80$220
Oct 20101716978.103.51$13,597
Sep 2010010272.633.98$406
Aug 201006973.684.42$305
Jul 2010011572.554.74$545
Jun 20101899870.364.91$13,779
May 201009671.124.24$407
Apr 201009481.694.12$388
Mar 201007878.394.39$342
Feb 20101864173.585.44$13,909
Jan 2010011474.365.96$680
Dec 20090171.445.48$5
Nov 20091859374.593.75$14,148
Oct 2009013672.544.11$559
Sep 20090065.543.06$0
Aug 200908567.423.22$274
Jul 200918712461.133.46$11,861
Jun 200901566.163.90$58
May 200909354.743.93$365
Apr 200919411546.773.59$9,486
Mar 200905642.144.06$227
Feb 200902332.814.63$107
Jan 20091968735.865.37$7,496
Dec 2008014637.105.98$873
Nov 200805955.496.86$405
Oct 200809875.246.92$678
Sep 20081962101.767.88$19,961
Aug 20080116114.228.48$984
Jul 2008193103131.0811.39$26,472
Jun 2008096131.3313.03$1,251
May 200800123.1711.57$0
Apr 2008196128110.3110.45$22,959
Mar 200800101.909.66$0
Feb 2008012892.538.77$1,123
Jan 200819713490.388.21$18,904
Dec 2007012388.337.30$898
Nov 2007010591.677.29$766
Oct 200719512282.856.92$17,000
Sep 200705375.846.24$331
Aug 200719216669.066.39$14,320
Jul 2007125870.906.39$1,719
Jun 200719022262.007.55$13,456
May 2007024658.747.85$1,930
Apr 200719115359.617.81$12,580
Mar 2007016156.927.30$1,176
Feb 200719130355.108.22$13,014
Jan 200716550.306.73$488
Dec 200609656.656.92$664
Nov 2006019054.207.62$1,447
Oct 200618322954.906.01$11,424
Sep 200618424760.085.04$12,299
Aug 200606668.717.34$484
Jul 20061848169.376.34$13,278
Jun 200618113566.286.38$12,859
May 2006124366.016.42$1,627
Apr 200636719164.397.36$25,037
Mar 200618125456.707.08$12,062
Feb 200618820557.597.75$12,416
Jan 200618416160.598.93$12,587
Dec 20051888954.9413.42$11,523
Nov 200536832554.6910.59$23,567
Oct 20050058.3413.80$0
Sep 2005333061.4512.08$20,463
Aug 20051655761.519.80$10,708
Jul 200518117055.697.84$11,413
Jun 200517917352.337.38$10,644
May 200536318845.226.65$17,665
Apr 20050049.207.36$0
Mar 2005017650.377.15$1,259
Feb 200518520345.226.31$9,647
Jan 2005216143.166.32$1,104
Dec 200418619639.866.75$8,737
Nov 2004116145.286.33$1,064
Oct 2004121249.706.52$1,431
Sep 200418715043.245.28$8,878
Aug 200411642.375.55$131
Jul 200417238.286.08$476
Jun 2004421836.106.43$1,547
May 200419921637.486.49$8,861
Apr 200482734.475.86$434
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 200310028.804.60$288
Oct 20033028.174.76$85
Sep 20031873626.314.75$5,091
Aug 2003148729.765.13$2,528
Jul 200318918329.415.17$6,505
Jun 2003133628.565.98$2,039
May 200338034126.595.97$12,141
Apr 2003044026.675.41$2,379
Mar 2003164031.146.10$3,933
Feb 2003050533.487.93$4,003
Jan 20033395,11630.315.58$38,833
Dec 2002019326.914.85$937
Nov 200237524124.664.14$10,245
Oct 2002027326.464.23$1,155
Sep 2002019227.443.64$698
Aug 200218131125.963.16$5,683
Jul 2002047824.583.06$1,464
Jun 200218850723.733.34$6,154
May 200255244924.663.58$15,222
Apr 2002039023.653.51$1,370
Mar 2002035022.003.10$1,086
Feb 2002380018.222.38$6,924
Jan 20020017.172.38$0
Dec 2001189016.932.36$3,200
Nov 2001366018.072.41$6,614
Oct 2001180019.782.53$3,560
Sep 2001189024.262.25$4,585
Aug 200109424.873.05$287
Jul 20011877223.933.20$4,705
Jun 200118910124.563.82$5,028
May 20013805625.524.31$9,939
Apr 20011717924.685.34$4,642
Mar 200103724.545.38$199
Feb 2001173027.755.77$4,801
Jan 200118728427.478.40$7,522
Dec 2000023926.889.12$2,180
Nov 200018730232.215.66$7,732
Oct 200017924131.235.15$6,830
Sep 200036844631.875.19$14,041
Aug 2000040629.644.54$1,844
Jul 200037643028.534.09$12,486
Jun 200018552029.304.40$7,707
May 200037160027.263.68$12,321
Apr 200018970624.513.12$6,832
Mar 200017957128.422.86$6,720
Feb 200018746927.622.73$6,444
Jan 20000525.272.48$12
Dec 199918715524.282.42$4,916
Nov 199916341023.192.43$4,778
Oct 199936522920.982.80$8,300
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 1999379017.892.37$6,780
Jun 1999186315.942.36$2,972
May 1999372015.792.32$5,874
Apr 19990015.102.21$0
Mar 1999373012.471.84$4,651
Feb 199919209.981.82$1,916
Jan 1999382010.381.90$3,965
Dec 19981903149.201.77$2,305
Nov 199817830310.892.19$2,601
Oct 199837248212.421.97$5,569
Sep 1998055912.592.08$1,164
Aug 199819250411.301.91$3,131
Jul 1998061611.742.24$1,378
Jun 199837664411.242.24$5,667
May 1998066712.622.21$1,472
Apr 1998030613.042.51$767
Mar 199838136812.802.31$5,727
Feb 1998038513.952.30$885
Jan 199838548714.702.15$6,709
Dec 1997055416.322.41$1,336
Nov 199738849718.193.09$8,593
Oct 1997063119.253.15$1,988
Sep 1997189017.742.95$3,353
Aug 19971951,47017.862.55$7,238
Jul 19975581,48117.582.25$13,137
Jun 19973831,72117.242.26$10,488
May 19973781,75818.972.31$11,229
Apr 19973881,00317.882.08$9,026
Mar 19977612,16318.951.94$18,615
Feb 19973841,96820.492.21$12,209
Jan 19977672,53023.483.54$26,965
Dec 19965792,31123.32$13,502
Nov 19967691,39121.97$16,895
Oct 1996384123.31$8,951
Sep 199618445122.22$4,088
Aug 199656749020.26$11,487
Jul 1996111519.55$20
Jun 1996010718.73$0
May 19963761319.43$7,306
Apr 19961,1171,11321.51$24,027
Mar 19962,2313,02419.38$43,237
Feb 19965116.98$85
Jan 199643117.07$734
Dec 199559117.19$1,014
Nov 19950016.00$0
Oct 199555462215.43$8,548
Sep 199537692316.18$6,084
Aug 1995383715.92$48
Jul 199537538015.24$5,715
Jun 1995048516.41$0
May 199519572517.56$3,424
Apr 199538965417.73$6,897
Mar 1995275316.44$33
Feb 199518465116.58$3,051
Jan 199538271615.92$6,081
Dec 199457472615.03$8,627
Nov 199491247015.90$14,501
Oct 199438445215.58$5,983
Sep 199454950215.29$8,394
Aug 199456033816.13$9,033
Jul 199437669217.56$6,603
Jun 199453370217.09$9,109
May 199437182515.88$5,891
Apr 199453278914.14$7,522
Mar 199469879312.46$8,697
Feb 199456371912.50$7,038
Jan 199437079812.66$4,684
Dec 199355484912.33$6,831
Nov 199352577414.49$7,607
Oct 199366778815.85$10,572
Sep 199355574415.03$8,342
Aug 199355769115.66$8,723
Jul 199354970115.46$8,488
Jun 199369874116.79$11,719
May 199352469317.68$9,264
Apr 199354854218.05$9,891
Mar 199373062418.14$13,242
Feb 199373843217.90$13,210
Jan 199336774116.93$6,213

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                  179 bbl  × $106.41 =    $19,047
Casinghead gas       340 Mcf  × $  3.05 =     $1,036

────────────────────────────────────────────────────
Month total                                  $20,083

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/14286 is the state's own key, not one this site invented.