FARMER

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 21457District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$8.9 M
Jan 1993 – May 2026
Value, last 12 filed months
$33 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
OilDisposition250,558 bbl$6,258,515
Casinghead gasProduction1,437,657 Mcf$2,691,471
Total$8,949,985

838,161 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 (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 29.9678, -96.8588. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.3 miles.

29.96781, -96.85877 · 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
13,807 ft
2 wells filed one
Completion to plug
22.0 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 13,578 and 14,035 ft, median 13,807 ft, over the 2 wells that filed a depth.

Completions filed
Mar 1992 – Mar 1995
2 of 2 wells
Plug dates filed
Mar 2017
1 of 2 wells; 1 filed none

Last completion to plug: a median of 22.0 years across the 1 well that filed both dates, with the middle half between 22.0 years and 22.0 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-149329482H13,578 ftMar 1995Mar 2017Yes
42-14932578114,035 ftMar 1992

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 2026097106.413.05$295
Apr 202609098.932.87$258
Mar 2026026089.753.15$819
Feb 2026021163.503.75$791
Jan 202617414859.138.00$11,472
Dec 2025014556.664.41$640
Nov 2025022458.593.93$880
Oct 2025016659.383.30$549
Sep 2025012062.743.08$369
Aug 2025023263.933.01$699
Jul 202518563566.743.32$14,452
Jun 2025061666.483.13$1,927
May 2025059060.553.23$1,907
Apr 202518752562.363.54$13,521
Mar 2025055467.704.27$2,365
Feb 2025078270.884.34$3,395
Jan 2025036074.324.28$1,540
Dec 2024058768.993.12$1,832
Nov 2024069569.052.20$1,528
Oct 2024082771.372.28$1,887
Sep 202416685069.612.36$13,565
Aug 202401,14875.632.06$2,369
Jul 202416863179.932.15$14,783
Jun 202419374178.082.63$17,021
May 2024169478.812.20$1,605
Apr 2024019784.451.66$327
Mar 202418775180.301.55$16,176
Feb 2024181776.091.78$1,533
Jan 2024054873.023.30$1,807
Dec 2023063171.262.61$1,647
Nov 202317762877.892.81$15,550
Oct 2023072285.443.09$2,229
Sep 2023061689.042.74$1,685
Aug 202318478980.522.67$16,925
Jul 2023059974.852.64$1,582
Jun 2023064468.962.26$1,454
May 2023076870.622.23$1,711
Apr 202319063778.122.24$16,268
Mar 2023082272.852.39$1,967
Feb 2023075575.112.47$1,862
Jan 2023181176.533.39$2,824
Dec 202217986176.415.73$18,610
Nov 2022082985.005.65$4,681
Oct 2022189187.185.86$5,312
Sep 2022170184.888.16$5,808
Aug 202218368194.529.13$23,513
Jul 20221642101.587.54$4,944
Jun 2022189623115.097.98$26,722
May 20220852109.378.43$7,185
Apr 20220571104.226.84$3,904
Mar 20220763108.885.08$3,873
Feb 2022063391.054.86$3,076
Jan 202219464381.844.54$18,795
Dec 2021061271.323.90$2,386
Nov 2021073377.435.24$3,839
Oct 2021070379.795.71$4,017
Sep 202118369269.865.35$16,487
Aug 2021041166.024.22$1,735
Jul 2021071170.783.98$2,831
Jun 202119276969.493.38$15,942
May 2021088463.483.02$2,668
Apr 2021055660.362.76$1,534
Mar 202118190761.302.72$13,560
Feb 2021060157.805.55$3,334
Jan 2021086850.412.81$2,439
Dec 2020089244.642.68$2,387
Nov 202015685938.772.71$8,373
Oct 2020090936.972.48$2,253
Sep 2020084637.091.99$1,684
Aug 202018186439.982.39$9,297
Jul 2020087238.371.83$1,592
Jun 2020088734.901.69$1,499
May 2020087216.921.81$1,582
Apr 202015584014.751.80$3,802
Mar 2020088830.341.86$1,648
Feb 2020084149.881.98$1,666
Jan 202017287757.252.09$11,684
Dec 2019090259.012.30$2,079
Nov 201916684555.302.75$11,504
Oct 2019093253.472.42$2,254
Sep 2019093455.052.66$2,482
Aug 20191651,12253.112.30$11,349
Jul 201901,00956.272.46$2,482
Jun 201917391052.782.49$11,398
May 2019086358.482.74$2,365
Apr 201901,00362.632.75$2,759
Mar 201916898556.803.06$12,559
Feb 2019077650.852.79$2,167
Jan 201918087346.033.23$11,104
Dec 2018090646.594.19$3,792
Nov 2018090552.934.24$3,835
Oct 2018094661.443.40$3,215
Sep 201815498159.543.11$12,218
Aug 201801,03259.403.07$3,165
Jul 20181711,12565.142.93$14,437
Jun 2018076060.183.08$2,338
May 2018074965.382.90$2,173
Apr 201819286463.842.90$14,764
Mar 2018093061.222.79$2,592
Feb 2018086961.782.77$2,404
Jan 201818594162.874.01$15,404
Dec 2017097257.272.92$2,840
Nov 201719293655.423.12$13,559
Oct 2017093549.292.98$2,790
Sep 201718363247.523.09$10,647
Aug 2017057445.373.00$1,725
Jul 2017092243.873.09$2,846
Jun 2017097542.493.09$3,010
May 20171871,04645.373.26$11,898
Apr 201701,07847.933.21$3,462
Mar 20171921,21746.772.98$12,611
Feb 2017055350.452.95$1,633
Jan 201719097449.413.42$12,718
Dec 201601,06548.763.72$3,965
Nov 2016097642.492.64$2,581
Oct 20161931,11346.193.09$12,354
Sep 201601,10041.553.10$3,411
Aug 20161861,13141.442.92$11,015
Jul 201601,38541.622.92$4,050
Jun 201601,34945.352.69$3,623
May 20161901,44242.521.99$10,950
Apr 201601,44536.561.99$2,877
Mar 20161911,46333.011.79$8,930
Feb 201601,38626.472.06$2,860
Jan 20161861,41127.352.36$8,423
Dec 201501,29232.362.00$2,586
Nov 20151901,31238.792.17$10,214
Oct 201501,34743.552.43$3,269
Sep 201501,29742.992.76$3,578
Aug 20151891,39240.162.87$11,589
Jul 201501,43748.152.95$4,232
Jun 20151911,22756.152.88$14,262
May 201501,26055.212.96$3,724
Apr 20151891,23249.822.71$12,750
Mar 201501,27242.892.93$3,733
Feb 201501,10244.662.98$3,280
Jan 20151831,25743.433.10$11,845
Dec 201401,27654.693.59$4,583
Nov 20141841,23670.464.25$18,220
Oct 201401,29178.303.90$5,036
Sep 20141831,29086.164.05$20,986
Aug 201401,31489.394.04$5,302
Jul 20141801,34596.564.18$23,002
Jun 201401,27798.164.74$6,049
May 20141921,28194.734.73$24,243
Apr 20141891,31295.944.81$24,442
Mar 201401,34695.895.06$6,806
Feb 20141921,22397.406.19$26,274
Jan 20141971,32090.404.86$24,225
Dec 201301,40391.824.35$6,109
Nov 20131891,36488.853.74$21,892
Oct 20131901,44697.423.78$23,975
Sep 201301,373104.113.72$5,104
Aug 20131871,370104.253.52$24,321
Jul 201301,379102.523.72$5,127
Jun 20131881,32494.403.93$22,955
May 20131911,51194.834.15$24,382
Apr 20131861,11093.964.28$22,230
Mar 20131921,42593.623.91$23,551
Feb 201301,36691.233.42$4,672
Jan 20131931,58191.603.42$23,086
Dec 20121781,61986.773.42$20,982
Nov 20121921,62086.953.62$22,567
Oct 201201,65789.383.40$5,633
Sep 20121851,59894.672.92$22,178
Aug 20121911,66892.662.91$22,549
Jul 201201,71385.133.02$5,175
Jun 20121921,64279.822.52$19,462
May 20121931,69091.612.49$21,886
Apr 20121901,629101.652.00$22,566
Mar 201201,760105.052.22$3,911
Feb 20121831,454101.102.57$22,238
Jan 20121931,67298.092.73$23,503
Dec 20111881,70196.873.24$23,722
Nov 20111931,65695.723.31$23,957
Oct 201101,70784.983.65$6,228
Sep 20111921,69783.623.99$22,819
Aug 20111921,77083.404.15$23,357
Jul 20111921,80494.144.52$26,224
Jun 20111921,60192.904.64$25,265
May 201101,56698.134.40$6,898
Apr 20111931,614105.964.33$27,444
Mar 20111941,67496.364.06$25,486
Feb 20111981,53185.644.18$23,356
Jan 20111941,63386.504.59$24,274
Dec 20101951,73685.734.35$24,265
Nov 20101941,70680.843.80$22,158
Oct 20101931,34878.103.51$19,803
Sep 20103821,58072.633.98$34,032
Aug 20103732,92273.684.42$40,396
Jul 20101911,91872.554.74$22,942
Jun 2010043370.364.91$2,126
May 20101921,72471.124.24$20,957
Apr 201001,13981.694.12$4,696
Mar 20102441,63778.394.39$26,311
Feb 20101951,58073.585.44$22,947
Jan 20101921,54674.365.96$23,498
Dec 200919386571.445.48$18,531
Nov 20091911,54874.593.75$20,054
Oct 20091931,74272.544.11$21,160
Sep 20091811,74665.543.06$17,214
Aug 20091911,78567.423.22$18,622
Jul 200901,93161.133.46$6,690
Jun 20091891,49866.163.90$18,339
May 20091911,90054.743.93$17,914
Apr 20091671,68546.773.59$13,856
Mar 20091941,95842.144.06$16,123
Feb 20093911,68932.814.63$20,654
Jan 20091952,10435.865.37$18,293
Dec 20081981,69037.105.98$17,447
Nov 20081971,81055.496.86$23,349
Oct 20081991,84475.246.92$27,737
Sep 20083411,452101.767.88$46,138
Aug 20081921,775114.228.48$36,988
Jul 20083862,077131.0811.39$74,253
Jun 200802,040131.3313.03$26,587
May 20083892,105123.1711.57$72,277
Apr 20081951,386110.3110.45$36,001
Mar 20081962,031101.909.66$39,600
Feb 20083311,47092.538.77$43,520
Jan 20081992,20290.388.21$36,055
Dec 20071951,77788.337.30$30,200
Nov 20071942,10791.677.29$33,148
Oct 20073862,43182.856.92$48,807
Sep 20071942,04975.846.24$27,507
Aug 20071922,58869.066.39$29,792
Jul 20071972,79170.906.39$31,796
Jun 20071932,03962.007.55$27,357
May 20075372,49958.747.85$51,151
Apr 20072022,08359.617.81$28,299
Mar 20074032,72256.927.30$42,815
Feb 200701,83055.108.22$15,035
Jan 20075602,33850.306.73$43,895
Dec 20063722,13656.656.92$35,852
Nov 20061902,92254.207.62$32,556
Oct 20061932,33254.906.01$24,620
Sep 20065702,70460.085.04$47,866
Aug 20061862,31268.717.34$29,750
Jul 20061873,82169.376.34$37,208
Jun 20061832,23966.286.38$26,423
May 20065353,04966.016.42$54,905
Apr 20063592,33964.397.36$40,332
Mar 20061932,98156.707.08$32,057
Feb 20061762,18457.597.75$27,064
Jan 20065492,73560.598.93$57,697
Dec 20051892,98454.9413.42$50,415
Nov 20051731,05054.6910.59$20,579
Oct 20055023,28658.3413.80$74,620
Sep 20053013,28761.4512.08$58,200
Aug 20055073,98261.519.80$70,197
Jul 20051843,42655.697.84$37,119
Jun 20053432,86252.337.38$39,074
May 20053503,40745.226.65$38,488
Apr 20053683,02049.207.36$40,334
Mar 20055504,01650.377.15$56,438
Feb 20051821,81345.226.31$19,674
Jan 20053583,27343.166.32$36,144
Dec 20043552,88439.866.75$33,620
Nov 20043442,86045.286.33$33,681
Oct 20043433,01549.706.52$36,690
Sep 20045262,60643.245.28$36,514
Aug 20041843,17442.375.55$25,414
Jul 20043473,24938.286.08$33,051
Jun 20045093,23636.106.43$39,192
May 20043663,36637.486.49$35,578
Apr 20045383,19734.475.86$37,274
Mar 20045443,34434.365.53$37,185
Feb 20045393,00832.455.51$34,063
Jan 20043641,50132.036.30$21,115
Dec 20033671,06430.266.30$17,810
Nov 20035541,32328.804.60$22,035
Oct 20033621,52928.174.76$17,475
Sep 20033592,33226.314.75$20,521
Aug 20035442,91729.765.13$31,153
Jul 20035422,58329.415.17$29,297
Jun 20035341,65928.565.98$25,177
May 20035392,60326.595.97$29,879
Apr 20033582,79926.675.41$24,683
Mar 20035522,74131.146.10$33,899
Feb 20037322,61833.487.93$45,257
Jan 20035532,53830.315.58$30,929
Dec 20027292,69226.914.85$32,684
Nov 20027192,92824.664.14$29,844
Oct 20027213,07526.464.23$32,082
Sep 20027022,74227.443.64$29,231
Aug 20028833,45525.963.16$33,855
Jul 20027093,11524.583.06$26,965
Jun 20028813,30823.733.34$31,949
May 20025353,98424.663.58$27,472
Apr 20028884,17923.653.51$35,679
Mar 20021,0934,58822.003.10$38,281
Feb 20025444,32718.222.38$20,191
Jan 20021,2604,84217.172.38$33,137
Dec 20011,0715,06716.932.36$30,112
Nov 20019083,56918.072.41$24,993
Oct 20015384,31619.782.53$21,556
Sep 20011,2596,14324.262.25$44,373
Aug 20011,2394,55424.873.05$44,718
Jul 20011,4256,34423.933.20$54,383
Jun 20011,9695,27424.563.82$68,527
May 20011,4155,53725.524.31$59,960
Apr 20017271,88124.685.34$27,978
Mar 200120475824.545.38$9,082
Feb 20010027.755.77$0
Jan 20011821,21527.478.40$15,204
Dec 20001821,34726.889.12$17,180
Nov 20001801,42132.215.66$13,838
Oct 20005181,68531.235.15$24,847
Sep 20003521,19931.875.19$17,437
Aug 20005272,20629.644.54$25,637
Jul 20001782,03928.534.09$13,417
Jun 20005331,57329.304.40$22,534
May 20006642,90927.263.68$28,805
Apr 20003581,31824.513.12$12,881
Mar 200001,34128.422.86$3,835
Feb 20003581,18727.622.73$13,124
Jan 20003571,99625.272.48$13,972
Dec 199901,80024.282.42$4,363
Nov 19993591,64123.192.43$12,319
Oct 19991811,73920.982.80$8,673
Sep 19993631,56921.752.62$12,004
Aug 19993521,66219.262.88$11,559
Jul 19993551,67317.892.37$10,320
Jun 19997141,93915.942.36$15,961
May 19993572,03715.792.32$10,365
Apr 19993552,21015.102.21$10,240
Mar 19993592,24512.471.84$8,604
Feb 19993691,6429.981.82$6,667
Jan 19997321,02610.381.90$9,548
Dec 19981771,5849.201.77$4,437
Nov 19983491,90510.892.19$7,964
Oct 19981792,08812.421.97$6,335
Sep 199801,75712.592.08$3,659
Aug 19981791,91011.301.91$5,666
Jul 19985362,38011.742.24$11,617
Jun 19983562,33411.242.24$9,223
May 19983542,58312.622.21$10,166
Apr 19983502,69313.042.51$11,311
Mar 19985392,78012.802.31$13,319
Feb 19985462,61313.952.30$13,624
Jan 19985413,77514.702.15$16,087
Dec 19973603,13916.322.41$13,444
Nov 19975392,42118.193.09$17,281
Oct 199702,79019.253.15$8,788
Sep 199702,73817.742.95$8,090
Aug 199702,82117.862.55$7,207
Jul 19975432,88517.582.25$16,028
Jun 19971862,93517.242.26$9,832
May 19977362,27518.972.31$19,214
Apr 19971,0882,93517.882.08$25,566
Mar 19975523,64418.951.94$17,527
Feb 19979203,77620.492.21$27,180
Jan 19971,1104,52123.483.54$42,066
Dec 19961,2804,33323.32$29,850
Nov 19969164,23621.97$20,125
Oct 19961,2593,57323.31$29,347
Sep 19967314,72322.22$16,243
Aug 19961,0876,26520.26$22,023
Jul 19961,0675,50119.55$20,860
Jun 19966373,09918.73$11,931
May 19961,6146,00219.43$31,360
Apr 19961,6077,12721.51$34,567
Mar 19961,9877,84819.38$38,508
Feb 19961,8007,07316.98$30,564
Jan 19961,8088,11117.07$30,863
Dec 19951,9857,84517.19$34,122
Nov 19952,3348,39516.00$37,344
Oct 19952,0459,31615.43$31,554
Sep 19952,4369,78916.18$39,414
Aug 19952,42611,67615.92$38,622
Jul 19952,94613,94415.24$44,897
Jun 19953,00614,31816.41$49,328
May 19953,52416,66117.56$61,881
Apr 19954,32917,82417.73$76,753
Mar 19957,51323,92716.44$123,514
Feb 19952,0579,67616.58$34,105
Jan 19952,67210,48115.92$42,538
Dec 19942,66113,59915.03$39,995
Nov 19942,42714,30015.90$38,589
Oct 19942,25213,54115.58$35,086
Sep 19942,94715,16215.29$45,060
Aug 19943,14214,80616.13$50,680
Jul 19942,99616,71317.56$52,610
Jun 19943,14116,84017.09$53,680
May 19944,02718,25715.88$63,949
Apr 19943,76619,47114.14$53,251
Mar 19944,20321,08112.46$52,369
Feb 19944,27127,59012.50$53,388
Jan 19944,36223,84312.66$55,223
Dec 19934,90723,81712.33$60,503
Nov 19934,55723,97914.49$66,031
Oct 19934,82626,98615.85$76,492
Sep 19934,78227,49715.03$71,873
Aug 19935,10031,09415.66$79,866
Jul 19935,80232,92915.46$89,699
Jun 19936,20032,71916.79$104,098
May 19936,56036,50817.68$115,981
Apr 19937,13735,05518.05$128,823
Mar 19937,41438,62318.14$134,490
Feb 19937,32947,12717.90$131,189
Jan 19939,25544,88116.93$156,687

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        97 Mcf  × $  3.05 =       $295

────────────────────────────────────────────────────
Month total                                     $295

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/21457 is the state's own key, not one this site invented.