VIRGINIA 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 15483District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$3.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$20 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
OilDisposition29,575 bbl$767,964
Casinghead gasProduction549,849 Mcf$2,393,038
Total$3,161,003

92,019 Mcf of this lease's gas, across 48 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 30.2742, -96.8050. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.27425, -96.80495 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,500 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
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.
1100.0%

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 8,500 ft.

Completions filed
Jan 2005
1 of 1 wells

1 well

42-2873071818,500 ftJan 2005

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 202609106.413.05$27
Apr 20260898.932.87$23
Mar 202602689.753.15$82
Feb 202603663.503.75$135
Jan 202608659.138.00$688
Dec 2025044856.664.41$1,977
Nov 2025068758.593.93$2,697
Oct 2025031159.383.30$1,028
Sep 2025093262.743.08$2,868
Aug 2025057863.933.01$1,743
Jul 2025057966.743.32$1,920
Jun 20256388366.483.13$6,951
May 2025099860.553.23$3,226
Apr 2025099862.363.54$3,536
Mar 2025881,11767.704.27$10,725
Feb 202521,05970.884.34$4,739
Jan 2025011774.324.28$501
Dec 2024038868.993.12$1,211
Nov 2024064369.052.20$1,414
Oct 2024051571.372.28$1,175
Sep 202401,01769.612.36$2,405
Aug 20246563175.632.06$6,218
Jul 2024088179.932.15$1,891
Jun 202401,02678.082.63$2,702
May 2024084578.812.20$1,858
Apr 2024016984.451.66$280
Mar 2024044380.301.55$684
Feb 20246165176.091.78$5,803
Jan 2024060273.023.30$1,985
Dec 2023077471.262.61$2,021
Nov 2023075677.892.81$2,123
Oct 20236953085.443.09$7,532
Sep 2023073589.042.74$2,010
Aug 2023069780.522.67$1,863
Jul 2023078174.852.64$2,063
Jun 2023057168.962.26$1,290
May 2023082170.622.23$1,829
Apr 20236881078.122.24$7,125
Mar 2023077672.852.39$1,857
Feb 2023063675.112.47$1,568
Jan 20239164576.533.39$9,149
Dec 2022074776.415.73$4,280
Nov 2022059685.005.65$3,365
Oct 2022095787.185.86$5,612
Sep 2022092684.888.16$7,560
Aug 2022073494.529.13$6,699
Jul 202271468101.587.54$10,742
Jun 20220698115.097.98$5,568
May 20220770109.378.43$6,493
Apr 20220805104.226.84$5,504
Mar 20220899108.885.08$4,564
Feb 202211173391.054.86$13,668
Jan 2022080781.844.54$3,662
Dec 2021087971.323.90$3,427
Nov 202101,16577.435.24$6,101
Oct 2021070979.795.71$4,051
Sep 2021069169.865.35$3,697
Aug 2021089966.024.22$3,794
Jul 2021097270.783.98$3,871
Jun 202110868969.493.38$9,834
May 202101,10363.483.02$3,328
Apr 2021095660.362.76$2,637
Mar 2021193561.302.72$2,602
Feb 2021075257.805.55$4,172
Jan 20211591,14950.412.81$11,244
Dec 2020064144.642.68$1,715
Nov 2020081538.772.71$2,206
Oct 2020066836.972.48$1,656
Sep 2020088837.091.99$1,768
Aug 202001,10539.982.39$2,636
Jul 2020083538.371.83$1,524
Jun 2020078934.901.69$1,334
May 202001,24816.921.81$2,265
Apr 20205058114.751.80$1,786
Mar 2020085230.341.86$1,582
Feb 202011180349.881.98$7,127
Jan 202001,22657.252.09$2,568
Dec 2019075059.012.30$1,728
Nov 2019035755.302.75$982
Oct 201901,03653.472.42$2,506
Sep 20195165655.052.66$4,551
Aug 2019064253.112.30$1,479
Jul 201901,38856.272.46$3,415
Jun 20197587352.782.49$6,133
May 2019064858.482.74$1,776
Apr 201901,09962.632.75$3,023
Mar 2019090856.803.06$2,780
Feb 20197891850.852.79$6,530
Jan 2019074946.033.23$2,418
Dec 2018095846.594.19$4,010
Nov 201810563852.934.24$8,261
Oct 2018090161.443.40$3,062
Sep 201801,07559.543.11$3,341
Aug 201801,04359.403.07$3,198
Jul 2018046565.142.93$1,363
Jun 201801,15660.183.08$3,557
May 20187544965.382.90$6,206
Apr 2018099163.842.90$2,875
Mar 201801,08661.222.79$3,027
Feb 20187958661.782.77$6,502
Jan 2018081062.874.01$3,248
Dec 2017082757.272.92$2,416
Nov 2017080155.423.12$2,498
Oct 2017691,01449.292.98$6,426
Sep 201701,27747.523.09$3,942
Aug 2017085045.373.00$2,554
Jul 2017561,05943.873.09$5,726
Jun 201701,28342.493.09$3,961
May 2017811,15845.373.26$7,454
Apr 201701,58247.933.21$5,081
Mar 2017391,05246.772.98$4,963
Feb 201701,03850.452.95$3,065
Jan 2017591,40449.413.42$7,715
Dec 2016082648.763.72$3,075
Nov 201602442.492.64$63
Oct 2016043646.193.09$1,347
Sep 2016051041.553.10$1,581
Aug 201602841.442.92$82
Jul 201602241.622.92$64
Jun 201603645.352.69$97
May 2016067342.521.99$1,340
Apr 201604936.561.99$98
Mar 2016029533.011.79$529
Feb 20169845126.472.06$3,525
Jan 2016092527.352.36$2,187
Dec 2015016932.362.00$338
Nov 2015186938.792.17$1,922
Oct 2015841,25743.552.43$6,708
Sep 201501,01342.992.76$2,794
Aug 2015081740.162.87$2,347
Jul 2015628148.152.95$3,224
Jun 2015031556.152.88$908
May 2015053755.212.96$1,587
Apr 2015069649.822.71$1,884
Mar 20156475542.892.93$4,961
Feb 2015049244.662.98$1,464
Jan 201511,11243.433.10$3,491
Dec 20144299754.693.59$5,878
Nov 2014801,11470.464.25$10,373
Oct 20141141,05178.303.90$13,026
Sep 201401,46986.164.05$5,943
Aug 201401,41989.394.04$5,726
Jul 201401,00196.564.18$4,184
Jun 2014070998.164.74$3,358
May 2014055894.734.73$2,637
Apr 2014072395.944.81$3,477
Mar 2014068195.895.06$3,444
Feb 2014063297.406.19$3,913
Jan 2014085990.404.86$4,175
Dec 2013087291.824.35$3,797
Nov 2013081288.853.74$3,035
Oct 201301,07797.423.78$4,070
Sep 201301,052104.113.72$3,911
Aug 20130790104.253.52$2,783
Jul 20130996102.523.72$3,703
Jun 2013098294.403.93$3,863
May 2013070694.834.15$2,929
Apr 2013044793.964.28$1,914
Mar 2013069693.623.91$2,723
Feb 2013075191.233.42$2,568
Jan 2013084991.603.42$2,904
Dec 2012080986.773.42$2,767
Nov 2012076486.953.62$2,769
Oct 201201,00189.383.40$3,403
Sep 201201,14094.672.92$3,327
Aug 2012095292.662.91$2,769
Jul 2012076785.133.02$2,317
Jun 2012087179.822.52$2,194
May 2012097291.612.49$2,419
Apr 201201,266101.652.00$2,528
Mar 201201,028105.052.22$2,284
Feb 201201,161101.102.57$2,984
Jan 2012058498.092.73$1,597
Dec 2011095396.873.24$3,087
Nov 201101,21595.723.31$4,023
Oct 2011097584.983.65$3,557
Sep 20114297783.623.99$7,406
Aug 201101,32283.404.15$5,485
Jul 201101,18694.144.52$5,357
Jun 201101,88792.904.64$8,755
May 201102,19098.134.40$9,647
Apr 201102,400105.964.33$10,400
Mar 201101,88896.364.06$7,660
Feb 201101,40385.644.18$5,865
Jan 201101,55686.504.59$7,140
Dec 2010721,70985.734.35$13,603
Nov 201001,25480.843.80$4,759
Oct 2010881,67878.103.51$12,761
Sep 201001,18072.633.98$4,696
Aug 201001,53973.684.42$6,801
Jul 201001,93872.554.74$9,179
Jun 2010632,02170.364.91$14,357
May 201002,08271.124.24$8,818
Apr 201001,43781.694.12$5,924
Mar 201002,31478.394.39$10,155
Feb 20101311,66573.585.44$18,701
Jan 201001,87474.365.96$11,177
Dec 200902,16371.445.48$11,861
Nov 200901,34274.593.75$5,035
Oct 200902,16072.544.11$8,878
Sep 200902,52465.543.06$7,735
Aug 200902,61267.423.22$8,407
Jul 200902,97461.133.46$10,303
Jun 200902,63766.163.90$10,271
May 200902,75354.743.93$10,808
Apr 200902,86846.773.59$10,289
Mar 200903,03942.144.06$12,335
Feb 2009432,80432.814.63$14,402
Jan 200902,85135.865.37$15,313
Dec 200803,05537.105.98$18,260
Nov 200803,18555.496.86$21,850
Oct 200802,91075.246.92$20,143
Sep 200802,636101.767.88$20,764
Aug 200803,515114.228.48$29,818
Jul 200803,604131.0811.39$41,048
Jun 200803,939131.3313.03$51,336
May 200804,480123.1711.57$51,853
Apr 200803,824110.3110.45$39,979
Mar 2008754,478101.909.66$50,918
Feb 200804,44792.538.77$39,003
Jan 200804,80590.388.21$39,429
Dec 2007584,62988.337.30$38,924
Nov 200704,66191.677.29$33,987
Oct 200704,57282.856.92$31,647
Sep 200704,29075.846.24$26,787
Aug 200704,68969.066.39$29,953
Jul 200704,48170.906.39$28,624
Jun 200703,18762.007.55$24,057
May 200705,43958.747.85$42,676
Apr 200701,94259.617.81$15,158
Mar 200702,43656.927.30$17,788
Feb 20071812,49955.108.22$30,505
Jan 200702,86150.306.73$19,246
Dec 200602,88856.656.92$19,980
Nov 200602,46154.207.62$18,747
Oct 200622,43054.906.01$14,723
Sep 200622,27460.085.04$11,575
Aug 20061802,44368.717.34$30,299
Jul 200622,05869.376.34$13,192
Jun 200621,79866.286.38$11,611
May 20061791,52766.016.42$21,627
Apr 20061763,74464.397.36$38,890
Mar 200603,92056.707.08$27,765
Feb 200613,63357.597.75$28,217
Jan 20061783,13560.598.93$38,791
Dec 20055321,26654.9413.42$46,212
Nov 20051842,17354.6910.59$33,072
Oct 200504,68858.3413.80$64,675
Sep 200514,63161.4512.08$55,999
Aug 20051835,42861.519.80$64,434
Jul 200505,37155.697.84$42,128
Jun 20051795,08852.337.38$46,922
May 20051805,29545.226.65$43,357
Apr 200525,26149.207.36$38,822
Mar 20051795,25850.377.15$46,637
Feb 20051853,60645.226.31$31,126
Jan 2005273143.166.32$4,708
Dec 2004211339.866.75$843
Nov 200443245.286.33$384
Oct 20040049.706.52$0
Sep 20048410743.245.28$4,198
Aug 2004024542.375.55$1,360
Jul 2004024638.286.08$1,497
Jun 2004023736.106.43$1,525
May 200417125437.486.49$8,059
Apr 2004024934.475.86$1,459
Mar 2004026034.365.53$1,438
Feb 2004024432.455.51$1,344
Jan 2004125832.036.30$1,657
Dec 2003026030.266.30$1,638
Nov 200317825028.804.60$6,275
Oct 2003026628.174.76$1,266
Sep 2003025326.314.75$1,202
Aug 2003127229.765.13$1,425
Jul 2003029229.415.17$1,510
Jun 2003028828.565.98$1,723
May 200318630626.595.97$6,773
Apr 2003029826.675.41$1,611
Mar 2003131531.146.10$1,951
Feb 2003029133.487.93$2,306
Jan 200319133430.315.58$7,654
Dec 2002128626.914.85$1,415
Nov 2002030724.664.14$1,270
Oct 2002029326.464.23$1,239
Sep 2002031427.443.64$1,141
Aug 2002035625.963.16$1,126
Jul 200218140824.583.06$5,698
Jun 2002140023.733.34$1,359
May 2002037524.663.58$1,344
Apr 2002036223.653.51$1,271
Mar 200217536922.003.10$4,995
Feb 2002034618.222.38$822
Jan 2002040417.172.38$960
Dec 200118634816.932.36$3,972
Nov 2001136918.072.41$906
Oct 2001138619.782.53$996
Sep 2001040624.262.25$914
Aug 2001044324.873.05$1,353
Jul 2001044923.933.20$1,435
Jun 200117642524.563.82$5,948
May 2001050125.524.31$2,158
Apr 2001050324.685.34$2,684
Mar 200118455424.545.38$7,494
Feb 2001147227.755.77$2,750
Jan 2001060527.478.40$5,081
Dec 200018665526.889.12$10,975
Nov 2000069032.215.66$3,904
Oct 2000080431.235.15$4,137
Sep 200017980131.875.19$9,859
Aug 2000085929.644.54$3,901
Jul 200018292228.534.09$8,963
Jun 200018194929.304.40$9,476
May 200018295927.263.68$8,490
Apr 200001,10524.513.12$3,443
Mar 20001901,86428.422.86$10,730
Feb 20009223,29027.622.73$34,436
Jan 20005591,40025.272.48$17,599
Dec 199904124.282.42$99
Nov 199903423.192.43$83
Oct 19990920.982.80$25
Sep 199905021.752.62$131
Aug 199907319.262.88$210
Jul 199908117.892.37$192
Jun 199918027815.942.36$3,526
May 19991,30759215.792.32$22,012
Apr 19995711,77415.102.21$12,539
Mar 19993612,82512.471.84$9,695
Feb 19993552,8099.981.82$8,649
Jan 19993553,12610.381.90$9,624
Dec 19985491,9789.201.77$8,558
Nov 19985371,35210.892.19$8,803
Oct 19981911,64012.421.97$5,602
Sep 199801,61212.592.08$3,357
Aug 19981691,68711.301.91$5,127
Jul 19981721,66411.742.24$5,742
Jun 19983561,65911.242.24$7,713
May 19981781,68112.622.21$5,955
Apr 19981711,63413.042.51$6,324
Mar 19981811,70512.802.31$6,254
Feb 19981761,53813.952.30$5,991
Jan 19981771,72114.702.15$6,310
Dec 19971711,75116.322.41$7,013
Nov 19971771,61618.193.09$8,210
Oct 19973392,04319.253.15$12,961
Sep 19971791,71817.742.95$8,252
Aug 19971771,64417.862.55$7,361
Jul 19971731,84717.582.25$7,191
Jun 19973521,72717.242.26$9,967
May 19971801,83318.972.31$7,646
Apr 19973581,83517.882.08$10,223
Mar 19971831,88218.951.94$7,117
Feb 19971861,68820.492.21$7,535
Jan 19973651,81523.483.54$14,995
Dec 19961781,61223.32$4,151
Nov 19963531,78421.97$7,755
Oct 19963631,89223.31$8,462
Sep 199601,85822.22$0
Aug 19962932,09320.26$5,936
Jul 19961581,59619.55$3,089
Jun 19962801,92218.73$5,244
May 19967672,77719.43$14,903
Apr 1996043321.51$0
Mar 19961611,75819.38$3,120
Feb 19962371,66516.98$4,024
Jan 19962271,90917.07$3,875
Dec 19952061,86017.19$3,541
Nov 19952541,75216.00$4,064
Oct 19951751,87715.43$2,700
Sep 19952751,79516.18$4,450
Aug 19952521,84815.92$4,012
Jul 19952621,90215.24$3,993
Jun 19952781,85016.41$4,562
May 19952741,94317.56$4,811
Apr 19955671,79017.73$10,053
Mar 19953872,01716.44$6,362
Feb 19953902,16016.58$6,466
Jan 19953773,12315.92$6,002
Dec 19941681,64715.03$2,525
Nov 1994086615.90$0
Oct 1994075115.58$0
Sep 1994046615.29$0
Aug 1994087516.13$0
Jul 199401,03117.56$0
Jun 199402,06417.09$0
May 19943792,32815.88$6,019
Apr 19943812,27014.14$5,387
Mar 199402,17412.46$0
Feb 19943721,84512.50$4,650
Jan 199402,15812.66$0
Dec 19933842,37012.33$4,735
Nov 19933832,19414.49$5,550
Oct 199302,43315.85$0
Sep 19933812,34715.03$5,726
Aug 199302,33115.66$0
Jul 19933782,62615.46$5,844
Jun 19933722,08816.79$6,246
May 199302,54017.68$0
Apr 19933842,24518.05$6,931
Mar 199312,34618.14$18
Feb 19932532,27017.90$4,529
Jan 19933592,53816.93$6,078

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         9 Mcf  × $  3.05 =        $27

────────────────────────────────────────────────────
Month total                                      $27

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/15483 is the state's own key, not one this site invented.