SLEDGE 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 18302District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$5.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$95 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
OilDisposition162,574 bbl$4,972,097
Casinghead gasProduction270,390 Mcf$893,587
Total$5,865,684

50,618 Mcf of this lease's gas, across 46 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 30.1231, -96.9647. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.6 miles.

30.12308, -96.96475 · 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
10,234 ft
2 wells filed one
Completion to plug
2.3 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 8,430 and 12,037 ft, median 10,234 ft, over the 2 wells that filed a depth.

Completions filed
Oct 1984 – Sep 1995
2 of 2 wells
Plug dates filed
Feb 1987
1 of 2 wells; 1 filed none

Last completion to plug: a median of 2.3 years across the 1 well that filed both dates, with the middle half between 2.3 years and 2.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-28731543112,037 ftSep 1995
42-2873168128,430 ftOct 1984Feb 1987Yes

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 2026018106.413.05$55
Apr 20261503498.932.87$14,937
Mar 20261522589.753.15$13,721
Feb 202606863.503.75$255
Jan 20261587259.138.00$9,918
Dec 20251815856.664.41$10,511
Nov 202521958.593.93$192
Oct 2025187559.383.30$11,121
Sep 2025180862.743.08$11,318
Aug 20250263.933.01$6
Jul 2025181966.743.32$12,110
Jun 20251662366.483.13$11,108
May 20251851760.553.23$11,257
Apr 20250062.363.54$0
Mar 2025368067.704.27$24,914
Feb 202501370.884.34$56
Jan 20250074.324.28$0
Dec 20240568.993.12$16
Nov 20241848369.052.20$12,888
Oct 202417253471.372.28$13,494
Sep 202417447469.612.36$13,233
Aug 202419026375.632.06$14,912
Jul 202404479.932.15$94
Jun 20243554378.082.63$27,832
May 20241833678.812.20$14,501
Apr 202401384.451.66$22
Mar 20241802980.301.55$14,499
Feb 202401476.091.78$25
Jan 2024025773.023.30$848
Dec 202317258671.262.61$13,787
Nov 2023011877.892.81$331
Oct 20231785785.443.09$15,384
Sep 202306789.042.74$183
Aug 202318821580.522.67$15,712
Jul 202318531474.852.64$14,677
Jun 20232016968.962.26$14,017
May 202302670.622.23$58
Apr 20230578.122.24$11
Mar 202301972.852.39$45
Feb 202302375.112.47$57
Jan 202318118676.533.39$14,482
Dec 2022129876.415.73$1,784
Nov 202217646685.005.65$17,591
Oct 202218034687.185.86$17,721
Sep 202205484.888.16$441
Aug 20221853994.529.13$17,842
Jul 2022026101.587.54$196
Jun 202217116115.097.98$19,808
May 20225389109.378.43$3,827
Apr 2022183662104.226.84$23,599
Mar 2022197220108.885.08$22,566
Feb 202203091.054.86$146
Jan 20221836281.844.54$15,258
Dec 20211851871.323.90$13,264
Nov 20210677.435.24$31
Oct 202101479.795.71$80
Sep 202117443569.865.35$14,483
Aug 202118044266.024.22$13,749
Jul 202106970.783.98$275
Jun 202104169.493.38$139
May 20211584363.483.02$10,160
Apr 202102760.362.76$74
Mar 202136520561.302.72$22,931
Feb 202102257.805.55$122
Jan 202103650.412.81$101
Dec 202033031944.642.68$15,585
Nov 2020042538.772.71$1,150
Oct 20201855936.972.48$6,986
Sep 202008837.091.99$175
Aug 202018214739.982.39$7,627
Jul 202006938.371.83$126
Jun 202017958634.901.69$7,238
May 20203527816.921.81$6,097
Apr 202001214.751.80$22
Mar 202001230.341.86$22
Feb 202018126149.881.98$9,545
Jan 202036960057.252.09$22,382
Dec 201902759.012.30$62
Nov 201903255.302.75$88
Oct 201901653.472.42$39
Sep 201918824855.052.66$11,008
Aug 201918665153.112.30$11,379
Jul 201917826556.272.46$10,668
Jun 20191756152.782.49$9,388
May 201903858.482.74$104
Apr 201904962.632.75$135
Mar 20191788656.803.06$10,374
Feb 20191859850.852.79$9,681
Jan 20191896146.033.23$8,897
Dec 2018018046.594.19$753
Nov 201817471152.934.24$12,223
Oct 201817831461.443.40$12,003
Sep 201803659.543.11$112
Aug 201817710459.403.07$10,833
Jul 20181728965.142.93$11,465
Jun 201808360.183.08$255
May 201818425565.382.90$12,770
Apr 201818568663.842.90$13,800
Mar 2018014961.222.79$415
Feb 20181916861.782.77$11,988
Jan 201804762.874.01$188
Dec 201718310357.272.92$10,781
Nov 201718633255.423.12$11,343
Oct 201719027249.292.98$10,177
Sep 201707547.523.09$232
Aug 201718861645.373.00$10,380
Jul 201718148643.873.09$9,441
Jun 2017011342.493.09$349
May 201718931045.373.26$9,587
Apr 201719121147.933.21$9,832
Mar 20171815846.772.98$8,638
Feb 20171803350.452.95$9,178
Jan 201703349.413.42$113
Dec 201603148.763.72$115
Nov 201618340642.492.64$8,849
Oct 2016078946.193.09$2,438
Sep 201618919441.553.10$8,454
Aug 20161765441.442.92$7,451
Jul 201605641.622.92$164
Jun 201618312745.352.69$8,640
May 201618127642.521.99$8,246
Apr 201607036.561.99$139
Mar 201617834033.011.79$6,486
Feb 201619562126.472.06$6,443
Jan 20161846027.352.36$5,174
Dec 201508632.362.00$172
Nov 20151699738.792.17$6,766
Oct 201518222743.552.43$8,477
Sep 201516256342.992.76$8,517
Aug 201518344040.162.87$8,613
Jul 201509648.152.95$283
Jun 201517326456.152.88$10,475
May 201518868055.212.96$12,389
Apr 201518463749.822.71$10,891
Mar 20151876442.892.93$8,208
Feb 201504144.662.98$122
Jan 201518210443.433.10$8,227
Dec 20141948754.693.59$10,922
Nov 2014022770.464.25$965
Oct 201437969378.303.90$32,379
Sep 201417123486.164.05$15,680
Aug 20141678689.394.04$15,275
Jul 201403096.564.18$125
Jun 201418235498.164.74$19,542
May 201419276694.734.73$21,809
Apr 201418419695.944.81$18,596
Mar 201405895.895.06$293
Feb 201419523797.406.19$20,461
Jan 20141861,51790.404.86$24,188
Dec 201319240091.824.35$19,371
Nov 20131866188.853.74$16,754
Oct 2013011297.423.78$423
Sep 201318476104.113.72$19,439
Aug 2013162331104.253.52$18,054
Jul 2013184472102.523.72$20,618
Jun 201317229494.403.93$17,393
May 201318314094.834.15$17,935
Apr 201307093.964.28$300
Mar 201316711393.623.91$16,077
Feb 201318452291.233.42$18,572
Jan 201318713891.603.42$17,601
Dec 201218512986.773.42$16,494
Nov 2012026486.953.62$957
Oct 201218175989.383.40$18,758
Sep 201235586594.672.92$36,132
Aug 201218370192.662.91$18,995
Jul 201219234185.133.02$17,375
Jun 201219113379.822.52$15,581
May 201218433291.612.49$17,682
Apr 2012184307101.652.00$19,317
Mar 2012186491105.052.22$20,630
Feb 2012173124101.102.57$17,809
Jan 201218616798.092.73$18,701
Dec 201119464196.873.24$20,869
Nov 201118584395.723.31$20,500
Oct 201118332184.983.65$16,723
Sep 2011029783.623.99$1,184
Aug 201118321083.404.15$16,134
Jul 201118022594.144.52$17,962
Jun 201117624292.904.64$17,473
May 201118220998.134.40$18,780
Apr 2011175249105.964.33$19,622
Mar 201118433196.364.06$19,073
Feb 201118111985.644.18$15,998
Jan 2011019086.504.59$872
Dec 201036879785.734.35$35,014
Nov 201017628180.843.80$15,294
Oct 201018156478.103.51$16,115
Sep 201018428772.633.98$14,506
Aug 2010043473.684.42$1,918
Jul 201018432072.554.74$14,865
Jun 201017935570.364.91$14,338
May 201019527971.124.24$15,050
Apr 201018420281.694.12$15,864
Mar 201018721978.394.39$15,620
Feb 201018540373.585.44$15,806
Jan 201018426474.365.96$15,257
Dec 200918416071.445.48$14,022
Nov 200918768474.593.75$16,514
Oct 200918426772.544.11$14,445
Sep 200918337965.543.06$13,155
Aug 200918465167.423.22$14,501
Jul 2009038761.133.46$1,341
Jun 200918327766.163.90$13,186
May 200919519554.743.93$11,440
Apr 2009019046.773.59$682
Mar 200919730242.144.06$9,527
Feb 200919634732.814.63$8,038
Jan 200918734535.865.37$8,559
Dec 200819743537.105.98$9,909
Nov 2008040955.496.86$2,806
Oct 200819134575.246.92$16,759
Sep 2008150151101.767.88$16,453
Aug 2008192179114.228.48$23,449
Jul 20080192131.0811.39$2,187
Jun 2008193372131.3313.03$30,195
May 2008193254123.1711.57$26,712
Apr 2008196478110.3110.45$26,618
Mar 2008189424101.909.66$23,357
Feb 200819534192.538.77$21,034
Jan 200819212290.388.21$18,354
Dec 20071934488.337.30$17,369
Nov 2007024691.677.29$1,794
Oct 200717786882.856.92$20,673
Sep 200738078675.846.24$33,727
Aug 200719224169.066.39$14,799
Jul 200717317170.906.39$13,358
Jun 200718349962.007.55$15,113
May 200717287158.747.85$16,937
Apr 200738492559.617.81$30,110
Mar 200719666956.927.30$16,041
Feb 200718723655.108.22$12,243
Jan 200718618050.306.73$10,567
Dec 200618962756.656.92$15,045
Nov 200618684854.207.62$16,541
Oct 20061831,05954.906.01$16,415
Sep 20063621,21660.085.04$27,874
Aug 20061821,27268.717.34$21,842
Jul 200636263669.376.34$29,146
Jun 2006160566.286.38$3,929
May 200618130266.016.42$13,888
Apr 200635140464.397.36$25,575
Mar 200618177956.707.08$15,780
Feb 200618422757.597.75$12,356
Jan 200616421860.598.93$11,884
Dec 20051675054.9413.42$9,846
Nov 200518010054.6910.59$10,903
Oct 200505758.3413.80$786
Sep 200518228961.4512.08$14,675
Aug 20058261761.519.80$11,088
Jul 20053361,27255.697.84$28,689
Jun 20053631,16552.337.38$27,595
May 200518365245.226.65$12,612
Apr 200517845749.207.36$12,121
Mar 200534875350.377.15$22,916
Feb 20051511,23345.226.31$14,611
Jan 20053541,37843.166.32$23,991
Dec 20043571,27539.866.75$22,838
Nov 200415542745.286.33$9,721
Oct 20042981,14549.706.52$22,270
Sep 200434388443.245.28$19,502
Aug 200434189442.375.55$19,410
Jul 20043381,05238.286.08$19,339
Jun 200433155236.106.43$15,500
May 200417411337.486.49$7,255
Apr 20041499434.475.86$5,687
Mar 200418280834.365.53$10,722
Feb 200435967732.455.51$15,380
Jan 20043381,06832.036.30$17,554
Dec 20031811,15930.266.30$12,781
Nov 200335173428.804.60$13,482
Oct 20033501,34128.174.76$16,242
Sep 20033541,91026.314.75$18,385
Aug 20035521,72329.765.13$25,266
Jul 20035351,41629.415.17$23,056
Jun 200335229328.565.98$11,806
May 200317330726.595.97$6,434
Apr 20033441,09026.675.41$15,068
Mar 20033481,24331.146.10$18,414
Feb 200336576233.487.93$18,260
Jan 200336084530.315.58$15,628
Dec 20023621,25026.914.85$15,809
Nov 20023621,51024.664.14$15,174
Oct 200229284526.464.23$11,300
Sep 200235061827.443.64$11,851
Aug 200235740425.963.16$10,546
Jul 200217971724.583.06$6,595
Jun 20023671,53323.733.34$13,826
May 200254089724.663.58$16,531
Apr 200218338623.653.51$5,684
Mar 20021721,18422.003.10$7,458
Feb 20023571,29018.222.38$9,569
Jan 200233685617.172.38$7,803
Dec 20013331,18416.932.36$8,437
Nov 200135491218.072.41$8,591
Oct 20011801,13119.782.53$6,421
Sep 20013581,61924.262.25$12,330
Aug 20017121,70524.873.05$22,913
Jul 20013581,40723.933.20$13,065
Jun 20013621,07624.563.82$13,006
May 20013522,02825.524.31$17,718
Apr 20015441,98824.685.34$24,033
Mar 20017201,96524.545.38$28,234
Feb 20011831,56527.755.77$14,104
Jan 20017292,42027.478.40$40,351
Dec 20007422,31426.889.12$41,054
Nov 20005472,48632.215.66$31,685
Oct 20008992,64631.235.15$41,691
Sep 20007112,54431.875.19$35,854
Aug 20001,0592,41829.644.54$42,368
Jul 20007272,59928.534.09$31,371
Jun 20001,0752,58329.304.40$42,856
May 20007152,47127.263.68$28,584
Apr 200071974824.513.12$19,953
Mar 20001,0692,09328.422.86$36,366
Feb 20009001,86727.622.73$29,948
Jan 20008981,83825.272.48$27,252
Dec 19991,0901,89124.282.42$31,048
Nov 19997271,18223.192.43$19,736
Oct 19995401,32520.982.80$15,044
Sep 19993631,18821.752.62$11,006
Aug 19997271,09919.262.88$17,162
Jul 199973599417.892.37$15,507
Jun 19995471,15015.942.36$11,436
May 19993601,11215.792.32$8,265
Apr 19993611,13915.102.21$7,966
Mar 19995341,22612.471.84$8,913
Feb 19993589039.981.82$5,214
Jan 19995451,36310.381.90$8,247
Dec 19983571,0689.201.77$5,178
Nov 19985361,22810.892.19$8,521
Oct 19983551,14112.421.97$6,656
Sep 19989072,78212.592.08$17,213
Aug 19981,2693,25611.301.91$20,550
Jul 19981,1083,15211.742.24$20,060
Jun 19988993,26511.242.24$17,409
May 19989183,48912.622.21$19,283
Apr 19981,0672,89013.042.51$21,154
Mar 19989563,55512.802.31$20,447
Feb 19981,1663,15213.952.30$23,513
Jan 19981,0763,64814.702.15$23,678
Dec 19971,5064,25516.322.41$34,837
Nov 19971,2953,37218.193.09$33,970
Oct 19977262,71219.253.15$22,518
Sep 19973572,40717.742.95$13,446
Aug 19973671,69517.862.55$10,885
Jul 19971,4579117.582.25$25,819
Jun 199708817.242.26$199
May 199705518.972.31$127
Apr 199717757717.882.08$4,367
Mar 19975511,50118.951.94$13,352
Feb 19977201,65720.492.21$18,408
Jan 19977281,51623.483.54$22,460
Dec 19961,2671,77523.32$29,546
Nov 19969061,71021.97$19,905
Oct 19961,0831,75823.31$25,245
Sep 19961,2372,15022.22$27,486
Aug 19961,2742,59620.26$25,811
Jul 19961,8182,27919.55$35,542
Jun 19961,4472,13718.73$27,102
May 19961,2852,32219.43$24,968
Apr 19961,6412,39521.51$35,298
Mar 19962,5621,91619.38$49,652
Feb 19962,18984416.98$37,169
Jan 19963,494017.07$59,643
Dec 19954,5122,33117.19$77,561
Nov 19955,9732,89916.00$95,568
Oct 19959,8846,53415.43$152,510
Sep 199514,2034,79816.18$229,805
Aug 19951,79784115.92$28,608
Jul 19951939815.24$2,941
Jun 199573124016.41$11,996
May 199553838717.56$9,447
Apr 199572150517.73$12,783
Mar 199593529716.44$15,371
Feb 199556630916.58$9,384
Jan 199572441715.92$11,526
Dec 199489649015.03$13,467
Nov 19941805515.90$2,862
Oct 199436321315.58$5,656
Sep 1994352115.29$5,382
Aug 19940016.13$0
Jul 199404117.56$0
Jun 199453629217.09$9,160
May 199452531515.88$8,337
Apr 199455843214.14$7,890
Mar 199472847312.46$9,071
Feb 199454913212.50$6,863
Jan 19943627612.66$4,583
Dec 199373531212.33$9,063
Nov 199335850714.49$5,187
Oct 199373458915.85$11,634
Sep 199337053915.03$5,561
Aug 199372543815.66$11,354
Jul 199336148115.46$5,581
Jun 199373762216.79$12,374
May 199375068617.68$13,260
Apr 199337750018.05$6,805
Mar 199375763518.14$13,732
Feb 199377057717.90$13,783
Jan 199376967416.93$13,019

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        18 Mcf  × $  3.05 =        $55

────────────────────────────────────────────────────
Month total                                      $55

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/18302 is the state's own key, not one this site invented.