FRANK 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 18221District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$9.8 M
Jan 1993 – May 2026
Value, last 12 filed months
$223 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
OilDisposition188,558 bbl$8,014,910
Casinghead gasProduction404,359 Mcf$1,752,145
Total$9,767,055

1,486 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 30.6180, -96.5564. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.61801, -96.55642 · 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
9,288 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 9,288 ft.

Completions filed
Jun 1998
1 of 1 wells

1 well

42-0513272219,288 ftJun 1998

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 20261790106.413.05$19,047
Apr 2026184098.932.87$18,203
Mar 2026343089.753.15$30,784
Feb 2026369063.503.75$23,432
Jan 2026340059.138.00$20,104
Dec 2025169056.664.41$9,576
Nov 2025179058.593.93$10,488
Oct 2025359059.383.30$21,317
Sep 2025363062.743.08$22,775
Aug 2025178063.933.01$11,380
Jul 2025542066.743.32$36,173
Jun 20250066.483.13$0
May 2025355060.553.23$21,495
Apr 2025183062.363.54$11,412
Mar 2025514067.704.27$34,798
Feb 2025356070.884.34$25,233
Jan 20250074.324.28$0
Dec 2024517068.993.12$35,668
Nov 2024176069.052.20$12,153
Oct 2024155071.372.28$11,062
Sep 2024181069.612.36$12,599
Aug 2024350075.632.06$26,471
Jul 2024344079.932.15$27,496
Jun 2024371078.082.63$28,968
May 2024359078.812.20$28,293
Apr 2024353084.451.66$29,811
Mar 2024354080.301.55$28,426
Feb 2024375076.091.78$28,534
Jan 2024181073.023.30$13,217
Dec 2023351071.262.61$25,012
Nov 2023350077.892.81$27,262
Oct 2023341085.443.09$29,135
Sep 2023336089.042.74$29,917
Aug 2023333080.522.67$26,813
Jul 2023353074.852.64$26,422
Jun 2023534068.962.26$36,825
May 2023365070.622.23$25,776
Apr 2023355078.122.24$27,733
Mar 2023367072.852.39$26,736
Feb 2023377075.112.47$28,316
Jan 2023566076.533.39$43,316
Dec 20223685576.415.73$28,434
Nov 202256497385.005.65$53,434
Oct 20223611,00887.185.86$37,383
Sep 202236864184.888.16$36,469
Aug 202257681394.529.13$61,864
Jul 20223641,147101.587.54$45,626
Jun 20225471,343115.097.98$73,668
May 2022369793109.378.43$47,045
Apr 202235013104.226.84$36,566
Mar 20221820108.885.08$19,816
Feb 2022363091.054.86$33,051
Jan 2022360081.844.54$29,462
Dec 2021377271.323.90$26,895
Nov 2021190077.435.24$14,712
Oct 2021384079.795.71$30,639
Sep 2021332069.865.35$23,194
Aug 20211825966.024.22$12,265
Jul 2021349070.783.98$24,702
Jun 202135434369.493.38$25,759
May 202138234963.483.02$25,303
Apr 202136933860.362.76$23,205
Mar 202152926161.302.72$33,137
Feb 2021023157.805.55$1,282
Jan 202152334150.412.81$27,323
Dec 202036149044.642.68$17,426
Nov 202035459738.772.71$15,340
Oct 202052448236.972.48$20,567
Sep 20203531037.091.99$13,113
Aug 202036046739.982.39$15,507
Jul 202055144538.371.83$21,954
Jun 202049236334.901.69$17,784
May 202035229916.921.81$6,498
Apr 20208628914.751.80$1,790
Mar 202051256030.341.86$16,574
Feb 202053055249.881.98$27,530
Jan 202070366057.252.09$41,629
Dec 201952383859.012.30$32,793
Nov 201970477355.302.75$41,057
Oct 20195401,07153.472.42$31,464
Sep 20196801,32955.052.66$40,966
Aug 20197141,07053.112.30$40,386
Jul 201954398956.272.46$32,988
Jun 201953854852.782.49$29,761
May 201953151258.482.74$32,456
Apr 201936079062.632.75$24,720
Mar 201934472856.803.06$21,768
Feb 201936070250.852.79$20,266
Jan 201938159046.033.23$19,442
Dec 201836357046.594.19$19,298
Nov 201819570952.934.24$13,326
Oct 201818146361.443.40$12,694
Sep 201818958359.543.11$13,065
Aug 201818264659.403.07$12,792
Jul 201818762865.142.93$14,022
Jun 201817934360.183.08$11,828
May 201818440665.382.90$13,208
Apr 201819345763.842.90$13,647
Mar 201818762761.222.79$13,195
Feb 201818562061.782.77$13,144
Jan 201819053062.874.01$14,070
Dec 201733644757.272.92$20,549
Nov 2017012055.423.12$374
Oct 201717774049.292.98$10,932
Sep 201736987047.523.09$20,221
Aug 2017075445.373.00$2,265
Jul 201719092143.873.09$11,179
Jun 201718193142.493.09$10,565
May 20171781,00645.373.26$11,359
Apr 201718384847.933.21$11,495
Mar 201717997546.772.98$11,281
Feb 201718076150.452.95$11,328
Jan 201717172749.413.42$10,935
Dec 20161871,02448.763.72$12,930
Nov 201617495942.492.64$9,929
Oct 20161781,07746.193.09$11,550
Sep 201617787541.553.10$10,067
Aug 201617992441.442.92$10,120
Jul 201617695541.622.92$10,118
Jun 201618075045.352.69$10,177
May 201617876442.521.99$9,090
Apr 201618094836.561.99$8,468
Mar 201619084833.011.79$7,793
Feb 201618069526.472.06$6,199
Jan 201618695027.352.36$7,333
Dec 201519084432.362.00$7,838
Nov 201518882438.792.17$9,078
Oct 201518788243.552.43$10,284
Sep 20151891,01142.992.76$10,914
Aug 201518797640.162.87$10,313
Jul 201518062948.152.95$10,519
Jun 20151791,14356.152.88$13,346
May 201518850155.212.96$11,860
Apr 2015182049.822.71$9,067
Mar 201518293242.892.93$10,541
Feb 201518056644.662.98$9,723
Jan 201519185143.433.10$10,934
Dec 201418693254.693.59$13,519
Nov 201418470070.464.25$15,941
Oct 201419075278.303.90$17,811
Sep 201418198986.164.05$19,596
Aug 201417797489.394.04$19,752
Jul 20141831,04196.564.18$22,021
Jun 201417899398.164.74$22,176
May 201418295994.734.73$21,774
Apr 201418682995.944.81$21,832
Mar 20141901,06695.895.06$23,610
Feb 2014086297.406.19$5,338
Jan 20143731,35190.404.86$40,286
Dec 201318694591.824.35$21,194
Nov 201318587588.853.74$19,708
Oct 201318693597.423.78$21,654
Sep 2013184270104.113.72$20,160
Aug 20133621,492104.253.52$42,994
Jul 20133561,208102.523.72$40,988
Jun 2013049194.403.93$1,931
May 20133671,07794.834.15$39,271
Apr 20131831,16193.964.28$22,167
Mar 20131831,14493.623.91$21,609
Feb 20133651,03191.233.42$36,825
Jan 201318798291.603.42$20,488
Dec 20121831,22386.773.42$20,062
Nov 20123581,18886.953.62$35,435
Oct 20123701,39989.383.40$37,827
Sep 20121911,50994.672.92$22,486
Aug 20123701,55292.662.91$38,798
Jul 20123631,16285.133.02$34,412
Jun 201218527079.822.52$15,447
May 20123621,39891.612.49$36,641
Apr 20121881,091101.652.00$21,289
Mar 20121901,446105.052.22$23,173
Feb 20123671,182101.102.57$40,142
Jan 20121921,15498.092.73$21,988
Dec 20113711,34696.873.24$40,299
Nov 20111871,49795.723.31$22,857
Oct 20113631,49684.983.65$36,306
Sep 20113671,68283.623.99$37,393
Aug 20111841,58083.404.15$21,902
Jul 20113671,58094.144.52$41,687
Jun 20111791,51892.904.64$23,672
May 20113651,48298.134.40$42,345
Apr 20111861,211105.964.33$24,956
Mar 20113611,36296.364.06$40,312
Feb 20113661,05085.644.18$35,733
Jan 20111751,40286.504.59$21,571
Dec 20103631,34485.734.35$36,963
Nov 20103641,67780.843.80$35,791
Oct 20103721,67278.103.51$34,920
Sep 20103591,69972.633.98$32,835
Aug 20103671,55173.684.42$33,895
Jul 20103631,47172.554.74$33,303
Jun 20103712,14670.364.91$36,641
May 20103661,66471.124.24$33,077
Apr 20103681,37881.694.12$35,743
Mar 20105401,03978.394.39$46,890
Feb 20101781,20973.585.44$19,677
Jan 20103661,58374.365.96$36,657
Dec 20093671,27671.445.48$33,216
Nov 20093601,27474.593.75$31,632
Oct 20093601,28172.544.11$31,380
Sep 20093611,48965.543.06$28,223
Aug 20093551,55467.423.22$28,936
Jul 20093571,33561.133.46$26,449
Jun 20093591,50466.163.90$29,610
May 20093701,50054.743.93$26,142
Apr 20093681,63746.773.59$23,084
Mar 20097431,42942.144.06$37,110
Feb 20091881,66032.814.63$13,859
Jan 20095431,46435.865.37$27,335
Dec 20087391,30737.105.98$35,229
Nov 20081821,11055.496.86$17,714
Oct 20085751,84175.246.92$56,006
Sep 20087591,704101.767.88$90,658
Aug 20087671,637114.228.48$101,493
Jul 20089232,439131.0811.39$148,766
Jun 20087771,584131.3313.03$122,687
May 2008196394123.1711.57$28,702
Apr 2008191177110.3110.45$22,920
Mar 2008381688101.909.66$45,473
Feb 200838070792.538.77$41,362
Jan 20083781,60190.388.21$47,301
Dec 20073801,31988.337.30$43,197
Nov 20073841,83791.677.29$48,596
Oct 20073781,57182.856.92$42,192
Sep 20073791,57575.846.24$38,578
Aug 20071931,66569.066.39$23,965
Jul 20073751,57470.906.39$36,642
Jun 20077551,42062.007.55$57,529
May 200701,39058.747.85$10,906
Apr 20073771,23659.617.81$32,120
Mar 20077371,71556.927.30$54,473
Feb 20075771,71055.108.22$45,842
Jan 200737696450.306.73$25,397
Dec 20063581,80856.656.92$32,789
Nov 20067551,41854.207.62$51,723
Oct 20063781,49154.906.01$29,719
Sep 200637453360.085.04$25,155
Aug 2006020268.717.34$1,483
Jul 2006025269.376.34$1,598
Jun 2006015366.286.38$977
May 200637125666.016.42$26,135
Apr 200637421264.397.36$25,642
Mar 2006247956.707.08$3,506
Feb 200638067557.597.75$27,116
Jan 200637662660.598.93$28,374
Dec 200538283354.9413.42$32,162
Nov 20053891,11754.6910.59$33,102
Oct 20055651,59458.3413.80$54,953
Sep 20053771,55761.4512.08$41,974
Aug 200556769361.519.80$41,665
Jul 20053801,22255.697.84$30,747
Jun 200537586852.337.38$26,030
May 2005037745.226.65$2,507
Apr 20053811,42349.207.36$29,219
Mar 200537976350.377.15$24,549
Feb 200537820345.226.31$18,374
Jan 200537763643.166.32$20,292
Dec 20043771,17839.866.75$22,980
Nov 20043781,70245.286.33$27,890
Oct 20043811,37849.706.52$27,914
Sep 20043791,07943.245.28$22,089
Aug 200437527342.375.55$17,404
Jul 20043693138.286.08$14,314
Jun 20043743036.106.43$13,694
May 20043783137.486.49$14,369
Apr 20043803034.475.86$13,274
Mar 20043733134.365.53$12,988
Feb 20047592932.455.51$24,789
Jan 20043801,52332.036.30$21,766
Dec 20037561,00830.266.30$29,229
Nov 200374764628.804.60$24,482
Oct 2003398328.174.76$4,763
Sep 20037411,66726.314.75$27,413
Aug 20033721,97729.765.13$21,212
Jul 20035612,48629.415.17$29,354
Jun 20035571,97028.565.98$27,694
May 20033702,38926.595.97$24,107
Apr 20037322,00926.675.41$30,386
Mar 20033721,23931.146.10$19,137
Feb 20033811,42633.487.93$24,058
Jan 20037442,64830.315.58$37,332
Dec 20023822,67726.914.85$23,273
Nov 20027443,78724.664.14$34,014
Oct 20027434,19326.464.23$37,392
Sep 20027393,89027.443.64$34,419
Aug 20027164,16125.963.16$31,753
Jul 20027402,00624.583.06$24,331
Jun 20023703,19323.733.34$19,439
May 20021,1184,38424.663.58$43,282
Apr 20027492,75123.653.51$27,376
Mar 20027402,42622.003.10$23,807
Feb 20027372,43918.222.38$19,222
Jan 20021,1133,00517.172.38$26,249
Dec 20011,1193,33116.932.36$26,820
Nov 20017432,09918.072.41$18,475
Oct 20017422,48119.782.53$20,951
Sep 20017432,26924.262.25$23,133
Aug 20011,1172,80324.873.05$36,338
Jul 20017392,98623.933.20$27,231
Jun 20011,0972,83524.563.82$37,784
May 20011,1213,48525.524.31$43,619
Apr 20017513,39124.685.34$36,627
Mar 20011,1023,16424.545.38$44,054
Feb 20011,1082,58327.755.77$45,643
Jan 20011,1193,23727.478.40$57,926
Dec 20001,4953,97626.889.12$76,457
Nov 20007432,10232.215.66$35,825
Oct 20001,4673,51531.235.15$63,901
Sep 20001,0793,09431.875.19$50,435
Aug 20001,1153,58829.644.54$49,341
Jul 20001,4684,72028.534.09$61,186
Jun 20001,8384,44229.304.40$73,386
May 20002,2013,97727.263.68$74,634
Apr 20001,4613,12624.513.12$45,550
Mar 20002,2074,19928.422.86$74,731
Feb 20002,5804,55727.622.73$83,684
Jan 20002,9424,41025.272.48$85,283
Dec 19993,3313,53724.282.42$89,449
Nov 19997262,47223.192.43$22,853
Oct 19997392,54320.982.80$22,634
Sep 19997313,43721.752.62$24,900
Aug 19991,4744,66219.262.88$41,795
Jul 19991,0875,41117.892.37$32,283
Jun 19991,4765,22315.942.36$35,865
May 19991,4934,04715.792.32$32,968
Apr 19991,0963,74315.102.21$24,814
Mar 19991,4662,98212.471.84$23,763
Feb 19991,1152,9979.981.82$16,576
Jan 19991,6503,23910.381.90$23,281
Dec 19981,6563,3549.201.77$21,183
Nov 19981,8603,35210.892.19$27,582
Oct 19981,8291,52712.421.97$25,723
Sep 19982,1723012.592.08$27,408
Aug 19981,8142511.301.91$20,546
Jul 19982,3373111.742.24$27,506
Jun 19981,8222511.242.24$20,535
May 1998254612.622.21$3,219
Apr 19983713013.042.51$4,913
Mar 19985543112.802.31$7,163
Feb 19983692813.952.30$5,212
Jan 19983433014.702.15$5,107
Dec 19973613116.322.41$5,966
Nov 19977243018.193.09$13,262
Oct 19973753119.253.15$7,316
Sep 19973693017.742.95$6,635
Aug 19973673117.862.55$6,634
Jul 19973733117.582.25$6,627
Jun 19973552917.242.26$6,186
May 19973593118.972.31$6,882
Apr 19973582717.882.08$6,457
Mar 19973603118.951.94$6,882
Feb 19973672820.492.21$7,582
Jan 19973573123.483.54$8,492
Dec 19963493023.32$8,139
Nov 19963573021.97$7,843
Oct 19967123123.31$16,597
Sep 19963643122.22$8,088
Aug 19963573120.26$7,233
Jul 19963593119.55$7,018
Jun 19963583118.73$6,705
May 19963573119.43$6,937
Apr 19963653121.51$7,851
Mar 19967303119.38$14,147
Feb 19967383116.98$12,531
Jan 19963723117.07$6,350
Dec 19957383117.19$12,686
Nov 19953683116.00$5,888
Oct 19953673115.43$5,663
Sep 19953573116.18$5,776
Aug 199503115.92$0
Jul 19953683115.24$5,608
Jun 199503116.41$0
May 19951823117.56$3,196
Apr 19951833117.73$3,245
Mar 19953783116.44$6,214
Feb 199503116.58$0
Jan 19955493115.92$8,740
Dec 19941763115.03$2,645
Nov 19947143115.90$11,353
Oct 19943653115.58$5,687
Sep 199413115.29$15
Aug 19943533116.13$5,694
Jul 19943603117.56$6,322
Jun 19941853117.09$3,162
May 19941803115.88$2,858
Apr 19943683114.14$5,204
Mar 19941903112.46$2,367
Feb 19943683112.50$4,600
Jan 19943633112.66$4,596
Dec 19933673112.33$4,525
Nov 19933653114.49$5,289
Oct 19933623115.85$5,738
Sep 19933593115.03$5,396
Aug 19933553115.66$5,559
Jul 19935493115.46$8,488
Jun 19933553116.79$5,960
May 19935663117.68$10,007
Apr 19933823118.05$6,895
Mar 19933693118.14$6,694
Feb 19935573117.90$9,970
Jan 19937523116.93$12,731

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         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $19,047

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/18221 is the state's own key, not one this site invented.