T.E. GIBSON, JR. UNIT 1

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 21317District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$11.0 M
Jan 1993 – May 2026
Value, last 12 filed months
$382 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

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
OilDisposition244,562 bbl$9,939,601
Casinghead gasProduction400,056 Mcf$1,096,317
Total$11,035,918

121,942 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 (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 30.4017, -96.7459. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.40167, -96.74585 · 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
11,377 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 11,377 ft.

Completions filed
Sep 1996
1 of 1 wells

1 well

42-05133260111,377 ftSep 1996

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 2026365975106.413.05$41,809
Apr 20265503,50698.932.87$64,473
Mar 20261751,44989.753.15$20,270
Feb 20263651,33363.503.75$28,177
Jan 20263641,09459.138.00$30,273
Dec 20253701,35356.664.41$26,935
Nov 20253761,55958.593.93$28,151
Oct 20253551,21459.383.30$25,092
Sep 202538398262.743.08$27,051
Aug 202553987363.933.01$37,090
Jul 202536382866.743.32$26,972
Jun 202534484866.483.13$25,522
May 202536277660.553.23$24,427
Apr 202554673562.363.54$36,653
Mar 202537480167.704.27$28,739
Feb 202536474270.884.34$29,021
Jan 202536471274.324.28$30,099
Dec 202437870268.993.12$28,269
Nov 202436666569.052.20$26,734
Oct 202456176771.372.28$41,788
Sep 202435272069.612.36$26,205
Aug 202455160975.632.06$42,929
Jul 202437261379.932.15$31,050
Jun 202435565178.082.63$29,433
May 202474177778.812.20$60,106
Apr 202417840184.451.66$15,697
Mar 202455355880.301.55$45,268
Feb 202436657876.091.78$28,880
Jan 202453568073.023.30$41,308
Dec 202355263071.262.61$40,980
Nov 202336166177.892.81$29,974
Oct 202354167985.443.09$48,319
Sep 202336472589.042.74$34,393
Aug 202371884980.522.67$60,083
Jul 202387192874.852.64$67,646
Jun 2023031068.962.26$700
May 202358976270.622.23$43,292
Apr 202336450378.122.24$29,561
Mar 202355665272.852.39$42,065
Feb 202338461275.112.47$30,351
Jan 202372866576.533.39$57,967
Dec 202236464676.415.73$31,514
Nov 202255178385.005.65$51,256
Oct 202258687287.185.86$56,201
Sep 20229211,26684.888.16$88,510
Aug 20229111,25394.529.13$97,544
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 2022368642109.378.43$45,662
Apr 2022730763104.226.84$81,298
Mar 2022550832108.885.08$64,108
Feb 202258367991.054.86$56,381
Jan 202270984081.844.54$61,836
Dec 202134864871.323.90$27,346
Nov 202170552877.435.24$57,353
Oct 202154165979.795.71$46,932
Sep 202155268269.865.35$42,212
Aug 202155571966.024.22$39,676
Jul 202171767670.783.98$53,441
Jun 202138247569.493.38$28,151
May 20215491,35063.483.02$38,924
Apr 20217041,55560.362.76$46,783
Mar 20216901,56161.302.72$46,538
Feb 20213701,06457.805.55$27,289
Jan 202174191350.412.81$39,920
Dec 202054675044.642.68$26,380
Nov 202073077138.772.71$30,389
Oct 202054489336.972.48$22,325
Sep 202065695237.091.99$26,227
Aug 202036742939.982.39$15,696
Jul 202053968138.371.83$21,924
Jun 202091594734.901.69$33,534
May 20207131,03616.921.81$13,944
Apr 202090892514.751.80$15,062
Mar 202072744330.341.86$22,879
Feb 202055339349.881.98$28,362
Jan 202055850757.252.09$33,008
Dec 201972356059.012.30$43,955
Nov 201955760855.302.75$32,475
Oct 201954667953.472.42$30,837
Sep 201956466255.052.66$32,807
Aug 201971873953.112.30$39,836
Jul 201971679056.272.46$42,233
Jun 201952181452.782.49$29,526
May 201972689858.482.74$44,917
Apr 201954280962.632.75$36,171
Mar 20199081,00756.803.06$54,658
Feb 20195521,04250.852.79$30,979
Jan 20191,2861,49746.033.23$64,027
Dec 20181,2581,20846.594.19$63,666
Nov 20181,2821,11852.934.24$72,593
Oct 20181,44551461.443.40$90,527
Sep 201891549559.543.11$56,018
Aug 201854244659.403.07$33,562
Jul 201835942465.142.93$24,628
Jun 201836831360.183.08$23,109
May 201817731865.382.90$12,495
Apr 201836452063.842.90$24,746
Mar 201817845461.222.79$12,162
Feb 201836836861.782.77$23,753
Jan 201836956762.874.01$25,472
Dec 201718646657.272.92$12,014
Nov 201736645855.423.12$21,712
Oct 201737262149.292.98$20,189
Sep 201719159747.523.09$10,919
Aug 201738261945.373.00$19,191
Jul 201737156743.873.09$18,026
Jun 201736554242.493.09$17,182
May 201718955445.373.26$10,383
Apr 201718251547.933.21$10,377
Mar 201754349546.772.98$26,873
Feb 201718556550.452.95$11,001
Jan 201718559149.413.42$11,161
Dec 201618053148.763.72$10,754
Nov 201637159442.492.64$17,335
Oct 201619261246.193.09$10,760
Sep 201637158341.553.10$17,223
Aug 201619062041.442.92$9,687
Jul 201618054641.622.92$9,088
Jun 201636562945.352.69$18,242
May 201636565542.521.99$16,824
Apr 201617962936.561.99$7,797
Mar 201636959133.011.79$13,241
Feb 201637159426.472.06$11,046
Jan 201618553627.352.36$6,327
Dec 201538255132.362.00$13,464
Nov 201519657738.792.17$8,853
Oct 201536657443.552.43$17,332
Sep 201518448842.992.76$9,256
Aug 201519266140.162.87$9,609
Jul 201537675348.152.95$20,322
Jun 201518669556.152.88$12,447
May 201538483255.212.96$23,660
Apr 201538778149.822.71$21,394
Mar 201538267542.892.93$18,365
Feb 201537163744.662.98$18,465
Jan 201536364043.433.10$17,749
Dec 201438875554.693.59$23,931
Nov 201438690270.464.25$31,033
Oct 201455695978.303.90$47,276
Sep 20143731,06586.164.05$36,446
Aug 20143691,01489.394.04$37,077
Jul 20145661,65696.564.18$61,574
Jun 20141,5053,35198.164.74$163,604
May 20149172,00194.734.73$96,325
Apr 201418419695.944.81$18,596
Mar 201419111095.895.06$18,871
Feb 201419514697.406.19$19,897
Jan 2014012690.404.86$612
Dec 201319714591.824.35$18,720
Nov 201318021588.853.74$16,797
Oct 201319422597.423.78$19,750
Sep 2013186214104.113.72$20,160
Aug 2013185293104.253.52$20,318
Jul 2013188163102.523.72$19,880
Jun 201318821294.403.93$18,581
May 201319215994.834.15$18,867
Apr 201318421893.964.28$18,222
Mar 201338222793.623.91$36,651
Feb 201318719991.233.42$17,741
Jan 201318116191.603.42$17,130
Dec 201219026286.773.42$17,382
Nov 2012025286.953.62$913
Oct 201237444089.383.40$34,924
Sep 201217649894.672.92$18,115
Aug 201236663992.662.91$35,772
Jul 201236552585.133.02$32,658
Jun 201218561179.822.52$16,306
May 201236856991.612.49$35,128
Apr 2012369395101.652.00$38,298
Mar 2012184676105.052.22$20,831
Feb 2012371639101.102.57$39,150
Jan 201237464298.092.73$38,441
Dec 201108796.873.24$282
Nov 201101995.723.31$63
Oct 201136829584.983.65$32,349
Sep 2011016283.623.99$646
Aug 201119021083.404.15$16,717
Jul 201118841394.144.52$19,564
Jun 201118731692.904.64$18,839
May 201118521298.134.40$19,088
Apr 2011187309105.964.33$21,154
Mar 201135346396.364.06$35,894
Feb 201118748385.644.18$18,034
Jan 201137064686.504.59$34,969
Dec 201037363385.734.35$34,729
Nov 201018568480.843.80$17,551
Oct 201036352078.103.51$30,175
Sep 20101809072.633.98$13,432
Aug 2010702073.684.42$51,723
Jul 2010352172.554.74$25,542
Jun 2010355070.364.91$24,978
May 2010352071.124.24$25,034
Apr 2010358081.694.12$29,245
Mar 2010362078.394.39$28,377
Feb 2010361973.585.44$26,611
Jan 2010548274.365.96$40,761
Dec 20093721471.445.48$26,652
Nov 20093495774.593.75$26,246
Oct 200934410972.544.11$25,402
Sep 200935710165.543.06$23,707
Aug 20093549067.423.22$24,156
Jul 200934519661.133.46$21,769
Jun 200953618166.163.90$36,167
May 200935832754.743.93$20,881
Apr 20093542346.773.59$16,639
Mar 200935716942.144.06$15,730
Feb 200936159232.814.63$14,587
Jan 200972010935.865.37$26,405
Dec 200835754937.105.98$16,526
Nov 200835564455.496.86$24,117
Oct 200834388475.246.92$31,926
Sep 2008339555101.767.88$38,868
Aug 2008338227114.228.48$40,532
Jul 2008536227131.0811.39$72,844
Jun 200837917131.3313.03$49,996
May 2008383700123.1711.57$55,276
Apr 2008548845110.3110.45$69,284
Mar 2008355713101.909.66$43,065
Feb 200835780792.538.77$40,111
Jan 200871564890.388.21$69,939
Dec 200734898188.337.30$37,902
Nov 200751646591.677.29$50,692
Oct 200733885882.856.92$33,942
Sep 200735368675.846.24$31,055
Aug 200774585369.066.39$56,899
Jul 200735778470.906.39$30,319
Jun 200734581662.007.55$27,550
May 200771174358.747.85$47,594
Apr 20077151,03259.617.81$50,676
Mar 2007051856.927.30$3,782
Feb 200735762355.108.22$24,789
Jan 200771786850.306.73$41,904
Dec 200635874156.656.92$25,407
Nov 200635765154.207.62$24,308
Oct 2006355054.906.01$19,490
Sep 200669084760.085.04$45,722
Aug 20067091,03568.717.34$56,312
Jul 200670789369.376.34$54,709
Jun 200635067766.286.38$27,520
May 200652641466.016.42$37,381
Apr 200635465264.397.36$27,593
Mar 200671867956.707.08$45,520
Feb 200635948357.597.75$24,419
Jan 200636168560.598.93$27,992
Dec 200536149454.9413.42$26,461
Nov 200538079654.6910.59$29,211
Oct 200537793158.3413.80$34,838
Sep 200554569661.4512.08$41,897
Aug 200535361561.519.80$27,738
Jul 200507055.697.84$549
Jun 200535443552.337.38$21,736
May 200518868845.226.65$13,077
Apr 200537065349.207.36$23,010
Mar 2005525050.377.15$26,444
Feb 200536275445.226.31$21,129
Jan 200537375443.166.32$20,866
Dec 200454990039.866.75$27,959
Nov 200436091045.286.33$22,061
Oct 200435491049.706.52$23,523
Sep 200456796943.245.28$29,637
Aug 200465595542.375.55$33,053
Jul 200470786038.286.08$32,296
Jun 2004070336.106.43$4,522
May 200455599137.486.49$27,238
Apr 200470184634.475.86$29,120
Mar 200436794934.365.53$17,858
Feb 200455489532.455.51$22,908
Jan 200489999332.036.30$35,051
Dec 200336097830.266.30$17,057
Nov 200335795028.804.60$14,647
Oct 200370993228.174.76$24,409
Sep 20033521,06526.314.75$14,319
Aug 200334994129.765.13$15,213
Jul 200371090029.415.17$25,535
Jun 200370998528.565.98$26,142
May 200335597626.595.97$15,269
Apr 2003718026.675.41$19,149
Mar 2003710031.146.10$22,109
Feb 2003357033.487.93$11,952
Jan 2003352030.315.58$10,669
Dec 2002722026.914.85$19,429
Nov 2002699024.664.14$17,237
Oct 2002350026.464.23$9,261
Sep 2002349027.443.64$9,577
Aug 200269434225.963.16$19,098
Jul 200267964924.583.06$18,677
Jun 2002705023.733.34$16,730
May 20026841,08524.663.58$20,756
Apr 20027051,07623.653.51$20,453
Mar 200235771022.003.10$10,057
Feb 200271699218.222.38$15,402
Jan 20027131,23717.172.38$15,181
Dec 20017151,29916.932.36$15,176
Nov 20017231,22618.072.41$16,014
Oct 20017131,45519.782.53$17,783
Sep 20017071,24424.262.25$19,952
Aug 20017051,43324.873.05$21,909
Jul 20013561,23223.933.20$12,458
Jun 20017121,25824.563.82$22,298
May 20017101,41325.524.31$24,205
Apr 20011,0671,29924.685.34$33,264
Mar 20013591,35924.545.38$16,116
Feb 20017001,24727.755.77$26,617
Jan 20017171,10527.478.40$28,977
Dec 20007221,23526.889.12$30,674
Nov 20007101,41632.215.66$30,881
Oct 200070799031.235.15$27,174
Sep 20006991,09231.875.19$27,941
Aug 20007081,20529.644.54$26,457
Jul 20001,0631,45128.534.09$36,262
Jun 200034961829.304.40$12,943
May 20001,0492,32427.263.68$37,147
Apr 20003581,70424.513.12$14,084
Mar 200035461628.422.86$11,822
Feb 20003581,65427.622.73$14,398
Jan 20001,0751,65025.272.48$31,258
Dec 19991,8041,10124.282.42$46,470
Nov 19997151,43023.192.43$20,061
Oct 19991,0731,20320.982.80$25,884
Sep 19997081,28421.752.62$18,762
Aug 19997031,50219.262.88$17,859
Jul 19993481,46917.892.37$9,711
Jun 19996961,40815.942.36$14,420
May 19993541,65615.792.32$9,433
Apr 19991,0561,71515.102.21$19,732
Mar 19997081,89412.471.84$12,311
Feb 19991,0781,2359.981.82$13,003
Jan 1999706010.381.90$7,328
Dec 19981,0731,6739.201.77$12,838
Nov 19981,0704510.892.19$11,751
Oct 19981,0722,10812.421.97$17,465
Sep 19981,4262,72712.592.08$23,633
Aug 19987001,17611.301.91$10,153
Jul 19981,7651,57211.742.24$24,238
Jun 19986932,06711.242.24$12,414
May 19981,0633,14312.622.21$20,350
Apr 19981,7862,79813.042.51$30,299
Mar 19981,7972,80612.802.31$29,482
Feb 19987051,99913.952.30$14,431
Jan 19981,0661,95614.702.15$19,885
Dec 19971,4462,36416.322.41$29,299
Nov 19971,4362,26718.193.09$33,122
Oct 19971,0682,28319.253.15$27,750
Sep 19971,4152,45617.742.95$32,359
Aug 19977061,35217.862.55$16,063
Jul 199734947617.582.25$7,205
Jun 19971,0682,45417.242.26$23,951
May 19977082,32318.972.31$18,793
Apr 19971,4232,89117.882.08$31,465
Mar 199736132718.951.94$7,475
Feb 199736729720.492.21$8,175
Jan 19971,4451,33123.483.54$38,640
Dec 19961,4391,22723.32$33,557
Nov 19968941,16321.97$19,641
Oct 19961,7243,89923.31$40,186
Sep 19961801,14122.22$4,000
Aug 1996182020.26$3,687
Jul 19967172,52719.55$14,017
Jun 19967282,21118.73$13,635
May 19961,0812,24319.43$21,004
Apr 19969363,18821.51$20,133
Mar 19961,0672,59319.38$20,678
Feb 19961,0113,24416.98$17,167
Jan 19961,0813,47817.07$18,453
Dec 19951,2332,77817.19$21,195
Nov 19951,4253,66716.00$22,800
Oct 19951,0862,64915.43$16,757
Sep 19951,7893,94616.18$28,946
Aug 19951,2324,51915.92$19,613
Jul 19951,4214,05415.24$21,656
Jun 19951,0654,45716.41$17,477
May 19952,1457,47317.56$37,666
Apr 19952,8337,48217.73$50,229
Mar 199590627516.44$14,895
Feb 19958775,94316.58$14,541
Jan 19953,0204,88115.92$48,078
Dec 19941,07956415.03$16,217
Nov 19941819915.90$2,878
Oct 19940115.58$0
Sep 19940115.29$0
Aug 19941,23771716.13$19,953
Jul 19941,2391,54817.56$21,757
Jun 19941,0651,53217.09$18,201
May 19941,0381,18815.88$16,483
Apr 19941,7762,33414.14$25,113
Mar 19941,4122,32012.46$17,594
Feb 19942,1522,03212.50$26,900
Jan 19941,7842,63312.66$22,585
Dec 19931,4441,02212.33$17,805
Nov 19932,1472,02014.49$31,110
Oct 19932,1381,24415.85$33,887
Sep 19932,8561,08915.03$42,926
Aug 19932,12439815.66$33,262
Jul 19931,07049415.46$16,542
Jun 19933582,07216.79$6,011
May 19931,4151,97717.68$25,017
Apr 19931,4344,13918.05$25,884
Mar 19932,1474,09618.14$38,947
Feb 19931,4424,60517.90$25,812
Jan 19932,1664,77916.93$36,670

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                  365 bbl  × $106.41 =    $38,840
Casinghead gas       975 Mcf  × $  3.05 =     $2,970

────────────────────────────────────────────────────
Month total                                  $41,809

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/21317 is the state's own key, not one this site invented.