PENELOPE

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 17770District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$7.4 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

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
OilDisposition31,944 bbl$2,042,754
Casinghead gasProduction981,897 Mcf$5,315,842
Total$7,358,596

63,672 Mcf of this lease's gas, across 28 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 30.2959, -96.7060. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.29589, -96.70597 · 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
9,461 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 9,461 ft.

Completions filed
Jan 2005
1 of 1 wells

1 well

42-2873051119,461 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 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 20230168.962.26$2
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20233272.852.39$223
Feb 2023177075.112.47$13,294
Jan 2023121076.533.39$788
Dec 20225076.415.73$382
Nov 20221265885.005.65$4,735
Oct 2022660287.185.86$4,053
Sep 20221171384.888.16$6,754
Aug 2022927794.529.13$3,379
Jul 202250101.587.54$508
Jun 20221800115.097.98$20,716
May 202205109.378.43$42
Apr 20225471104.226.84$3,742
Mar 20225181108.885.08$1,463
Feb 2022412991.054.86$991
Jan 20223881.844.54$282
Dec 20211071.323.90$71
Nov 20216077.435.24$465
Oct 20210079.795.71$0
Sep 20211834869.865.35$13,041
Aug 2021060166.024.22$2,537
Jul 2021033270.783.98$1,322
Jun 2021037469.493.38$1,264
May 2021029363.483.02$884
Apr 202107060.362.76$193
Mar 202102261.302.72$60
Feb 20210657.805.55$33
Jan 2021030450.412.81$854
Dec 2020012644.642.68$337
Nov 20202038.772.71$78
Oct 202004036.972.48$99
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20204638.371.83$164
Jun 20201706334.901.69$6,039
May 2020029116.921.81$528
Apr 2020751314.751.80$1,029
Mar 2020052330.341.86$971
Feb 2020044849.881.98$887
Jan 2020044457.252.09$930
Dec 201918543959.012.30$11,928
Nov 2019050055.302.75$1,375
Oct 2019047853.472.42$1,156
Sep 2019060955.052.66$1,618
Aug 2019064153.112.30$1,477
Jul 2019062156.272.46$1,528
Jun 201917359552.782.49$10,613
May 2019032858.482.74$899
Apr 2019090962.632.75$2,500
Mar 201901,05156.803.06$3,218
Feb 201901,03250.852.79$2,882
Jan 20191901,21346.033.23$12,661
Dec 201801,19846.594.19$5,014
Nov 201801,21352.934.24$5,140
Oct 20181791,32961.443.40$15,514
Sep 2018094259.543.11$2,928
Aug 201801,47159.403.07$4,511
Jul 201801,51365.142.93$4,436
Jun 201801,57760.183.08$4,852
May 20181861,61365.382.90$16,840
Apr 201801,65763.842.90$4,807
Mar 201801,84661.222.79$5,145
Feb 20181831,80961.782.77$16,310
Jan 201801,96662.874.01$7,882
Dec 20171852,09657.272.92$16,718
Nov 201702,04855.423.12$6,386
Oct 201702,33149.292.98$6,955
Sep 20171911,55747.523.09$13,883
Aug 201701,81845.373.00$5,462
Jul 201702,39243.873.09$7,385
Jun 20171902,38842.493.09$15,446
May 201702,48945.373.26$8,123
Apr 20171862,43047.933.21$16,719
Mar 201702,54646.772.98$7,596
Feb 20171872,48050.452.95$16,757
Jan 201702,45549.413.42$8,393
Dec 20161811,47148.763.72$14,302
Nov 201601,38442.492.64$3,660
Oct 201602,34646.193.09$7,250
Sep 20161783,14241.553.10$17,138
Aug 201601,72241.442.92$5,036
Jul 20161903,23341.622.92$17,362
Jun 201601,73445.352.69$4,657
May 20161803,38642.521.99$14,395
Apr 201602,99536.561.99$5,963
Mar 201603,29333.011.79$5,908
Feb 20161923,02526.472.06$11,325
Jan 201603,90727.352.36$9,238
Dec 20151875,52732.362.00$17,113
Nov 20151934,10638.792.17$16,386
Oct 20151914,62943.552.43$19,551
Sep 201504,46642.992.76$12,319
Aug 20151833,91340.162.87$18,589
Jul 20151884,63048.152.95$22,688
Jun 201504,56556.152.88$13,160
May 20151955,08155.212.96$25,783
Apr 20151855,18849.822.71$23,258
Mar 201505,28442.892.93$15,507
Feb 20151944,89044.662.98$23,218
Jan 201505,52743.433.10$17,137
Dec 20141835,35254.693.59$29,229
Nov 20141835,06070.464.25$34,408
Oct 20141935,12678.303.90$35,108
Sep 201403,95986.164.05$16,016
Aug 20141941,63289.394.04$23,927
Jul 20141921,73496.564.18$25,787
Jun 201401,55198.164.74$7,347
May 20141943,19694.734.73$33,484
Apr 201403,06195.944.81$14,721
Mar 20141812,97195.895.06$32,380
Feb 201403,01097.406.19$18,638
Jan 20141933,25690.404.86$33,274
Dec 201302,79191.824.35$12,153
Nov 20131862,45288.853.74$25,692
Oct 20131883,17897.423.78$30,326
Sep 201302,578104.113.72$9,584
Aug 20131913,443104.253.52$32,040
Jul 201304,712102.523.72$17,518
Jun 20131763,92194.403.93$32,037
May 20131894,69194.834.15$37,386
Apr 201301,60493.964.28$6,869
Mar 20133333,55893.623.91$45,097
Feb 201303,17191.233.42$10,845
Jan 20131923,48691.603.42$29,509
Dec 201203,33186.773.42$11,393
Nov 20121943,61186.953.62$29,958
Oct 201204,20989.383.40$14,309
Sep 20121854,23994.672.92$29,885
Aug 20121874,67292.662.91$30,914
Jul 201204,23485.133.02$12,790
Jun 20121803,68879.822.52$23,658
May 20121793,82491.612.49$25,914
Apr 201203,903101.652.00$7,794
Mar 20121814,356105.052.22$28,693
Feb 20121783,945101.102.57$28,135
Jan 201204,37798.092.73$11,967
Dec 20111824,62896.873.24$32,624
Nov 20111874,43695.723.31$32,588
Oct 201104,81284.983.65$17,557
Sep 20111884,63383.623.99$34,187
Aug 201104,72483.404.15$19,601
Jul 20111824,64794.144.52$38,125
Jun 201104,61592.904.64$21,413
May 20111724,62898.134.40$37,264
Apr 20111754,433105.964.33$37,752
Mar 201104,62096.364.06$18,745
Feb 20111974,71085.644.18$36,559
Jan 201105,88286.504.59$26,991
Dec 20101856,04485.734.35$42,138
Nov 20101945,96680.843.80$38,326
Oct 201006,06078.103.51$21,264
Sep 20101855,57772.633.98$35,630
Aug 20101845,34773.684.42$37,187
Jul 201005,07672.554.74$24,042
Jun 20101934,78770.364.91$37,086
May 20101935,53771.124.24$37,177
Apr 201004,41181.694.12$18,185
Mar 20101923,13978.394.39$28,827
Feb 2010031373.585.44$1,703
Jan 20101251,52774.365.96$18,402
Dec 20091975,79171.445.48$45,830
Nov 20091865,65174.593.75$35,073
Oct 20091895,91572.544.11$38,022
Sep 20091835,81965.543.06$29,828
Aug 20091855,99067.423.22$31,752
Jul 200905,57361.133.46$19,308
Jun 20091846,19766.163.90$36,311
May 20091926,89254.743.93$37,566
Apr 20091966,60946.773.59$32,877
Mar 20093906,84242.144.06$44,206
Feb 200906,51832.814.63$30,198
Jan 20091986,82635.865.37$43,763
Dec 20081967,61637.105.98$52,794
Nov 20081946,47555.496.86$55,186
Oct 20083917,25975.246.92$79,665
Sep 20081946,572101.767.88$71,510
Aug 20081939,413114.228.48$101,895
Jul 20081909,134131.0811.39$128,936
Jun 20081948,260131.3313.03$133,128
May 20081956,643123.1711.57$100,906
Apr 20081954,506110.3110.45$68,620
Mar 20081968,045101.909.66$97,720
Feb 20081967,10192.538.77$80,416
Jan 20083937,99690.388.21$101,132
Dec 20071967,31888.337.30$70,749
Nov 20071975,83691.677.29$60,613
Oct 20071816,69182.856.92$61,311
Sep 20073876,30275.846.24$68,701
Aug 20071928,29069.066.39$66,216
Jul 20072039,26670.906.39$73,583
Jun 20071938,75762.007.55$78,068
May 20071968,88758.747.85$81,243
Apr 20073949,99359.617.81$101,484
Mar 200739510,94956.927.30$102,433
Feb 200709,56355.108.22$78,570
Jan 200740310,41650.306.73$90,338
Dec 200620010,20556.656.92$81,933
Nov 200620310,08054.207.62$87,787
Oct 200639811,29154.906.01$89,752
Sep 200619811,11060.085.04$67,859
Aug 200620112,19068.717.34$103,284
Jul 200638611,37869.376.34$98,945
Jun 200620110,90366.286.38$82,926
May 200657912,34966.016.42$117,562
Apr 200639011,58164.397.36$110,354
Mar 200639011,06356.707.08$100,471
Feb 20064049,56257.597.75$97,383
Jan 200640610,53060.598.93$118,667
Dec 20053727,73154.9413.42$124,152
Nov 20052057,31554.6910.59$88,666
Oct 200537912,54758.3413.80$195,206
Sep 200540410,09561.4512.08$146,763
Aug 200539015,01961.519.80$171,128
Jul 200559216,01655.697.84$158,592
Jun 200559415,54252.337.38$145,800
May 200539611,42045.226.65$93,863
Apr 200539314,07449.207.36$122,927
Mar 200577412,29250.377.15$126,934
Feb 20051,1598,80245.226.31$107,968
Jan 20050043.166.32$0
Dec 200493039.866.75$3,707
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
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 200114018.072.41$253
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 20008029.644.54$237
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 19950015.92$0
Jul 19950015.24$0
Jun 19950016.41$0
May 1995181017.56$3,178
Apr 1995141,12117.73$248
Mar 1995131,97816.44$214
Feb 199551,52916.58$83
Jan 199531,80615.92$48
Dec 19941901,85315.03$2,856
Nov 19942031,85215.90$3,228
Oct 199462,15315.58$93
Sep 199472,38915.29$107
Aug 19941822,22216.13$2,936
Jul 199452,50817.56$88
Jun 199422,50117.09$34
May 19942012,94815.88$3,192
Apr 19941902,92714.14$2,687
Mar 199462,72312.46$75
Feb 199472,05112.50$88
Jan 199462,39312.66$76
Dec 1993211112.33$2,602
Nov 19931873,21814.49$2,710
Oct 199342,64315.85$63
Sep 199352,19715.03$75
Aug 1993186115.66$2,913
Jul 199332,74715.46$46
Jun 19931842,97616.79$3,089
May 199333,03517.68$53
Apr 199323,26718.05$36
Mar 19931873,26618.14$3,392
Feb 199312,79917.90$18
Jan 199302,56816.93$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.

Jun 2023 — as filed, then multipliedworked
Oil                    0 bbl  × $ 68.96 =         $0
Casinghead gas         1 Mcf  × $  2.26 =         $2

────────────────────────────────────────────────────
Month total                                       $2

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/17770 is the state's own key, not one this site invented.