MORGAN-KOVAR 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 21502District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$5.2 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
OilDisposition142,714 bbl$3,873,164
Casinghead gasProduction522,161 Mcf$1,293,704
Total$5,166,868

224,980 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 29.9495, -96.9684. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.94949, -96.96835 · 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
13,781 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 13,781 ft.

Completions filed
May 1992
1 of 1 wells

1 well

42-14932598113,781 ftMay 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 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 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 202067016.921.81$1,134
Apr 20203014.751.80$44
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20191652455.302.75$9,191
Oct 2019012853.472.42$310
Sep 201901655.052.66$43
Aug 2019015653.112.30$359
Jul 201916920656.272.46$10,016
Jun 2019022752.782.49$566
May 201916622258.482.74$10,316
Apr 201917429362.632.75$11,704
Mar 2019029556.803.06$903
Feb 2019021250.852.79$592
Jan 2019161046.033.23$7,411
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018184061.443.40$11,305
Sep 2018018659.543.11$578
Aug 201817212459.403.07$10,597
Jul 2018148065.142.93$9,641
Jun 20180060.183.08$0
May 2018190065.382.90$12,422
Apr 2018015163.842.90$438
Mar 201817913061.222.79$11,321
Feb 2018010461.782.77$288
Jan 201819523862.874.01$13,214
Dec 201719227557.272.92$11,799
Nov 2017032055.423.12$998
Oct 2017011749.292.98$349
Sep 20170047.523.09$0
Aug 201711519745.373.00$5,809
Jul 201718522043.873.09$8,795
Jun 2017029042.493.09$895
May 201718129145.373.26$9,162
Apr 201708347.933.21$267
Mar 2017188046.772.98$8,793
Feb 20170050.452.95$0
Jan 2017186049.413.42$9,190
Dec 2016196048.763.72$9,557
Nov 20160042.492.64$0
Oct 2016191046.193.09$8,822
Sep 20160041.553.10$0
Aug 2016118041.442.92$4,890
Jul 2016181041.622.92$7,533
Jun 2016043145.352.69$1,158
May 2016253142.521.99$1,142
Apr 201618652236.561.99$7,839
Mar 201619046933.011.79$7,113
Feb 2016048826.472.06$1,007
Jan 201618347327.352.36$6,123
Dec 20150032.362.00$0
Nov 2015041638.792.17$902
Oct 201518245243.552.43$9,023
Sep 2015038342.992.76$1,056
Aug 201518445440.162.87$8,694
Jul 201518347148.152.95$10,199
Jun 2015039256.152.88$1,130
May 201518336855.212.96$11,191
Apr 2015046249.822.71$1,250
Mar 201518545042.892.93$9,255
Feb 201518737344.662.98$9,462
Jan 2015043343.433.10$1,343
Dec 201419146354.693.59$12,109
Nov 2014045070.464.25$1,913
Oct 201418551678.303.90$16,498
Sep 2014054086.164.05$2,185
Aug 201418356289.394.04$18,626
Jul 2014054896.564.18$2,290
Jun 201436652398.164.74$38,404
May 2014059194.734.73$2,793
Apr 201418751695.944.81$20,422
Mar 2014051195.895.06$2,584
Feb 201418351497.406.19$21,007
Jan 201418049490.404.86$18,673
Dec 201318151391.824.35$18,853
Nov 2013147688.853.74$1,868
Oct 201317954897.423.78$19,509
Sep 2013176533104.113.72$20,305
Aug 2013177555104.253.52$20,407
Jul 2013178544102.523.72$20,271
Jun 201317955194.403.93$19,065
May 201318252894.834.15$19,450
Apr 201318134093.964.28$18,463
Mar 201318165593.623.91$19,508
Feb 201318252491.233.42$18,396
Jan 201317958191.603.42$18,383
Dec 201218357686.773.42$17,849
Nov 201218257386.953.62$17,902
Oct 201218357989.383.40$18,325
Sep 2012254294.672.92$1,771
Aug 201218155592.662.91$18,385
Jul 201216559885.133.02$15,853
Jun 201218163279.822.52$16,039
May 201218168091.612.49$18,273
Apr 2012183646101.652.00$19,892
Mar 2012181737105.052.22$20,652
Feb 2012182677101.102.57$20,140
Jan 201217257498.092.73$18,441
Dec 20113561,16996.873.24$38,273
Nov 201102995.723.31$96
Oct 20110084.983.65$0
Sep 201109383.623.99$371
Aug 2011036283.404.15$1,502
Jul 201119230794.144.52$19,462
Jun 2011040592.904.64$1,879
May 201119339998.134.40$20,697
Apr 20110470105.964.33$2,037
Mar 201138245496.364.06$38,652
Feb 2011044085.644.18$1,839
Jan 201119152186.504.59$18,912
Dec 2010054585.734.35$2,370
Nov 2010031980.843.80$1,211
Oct 201003478.103.51$119
Sep 201018228272.633.98$14,341
Aug 2010029173.684.42$1,286
Jul 2010014872.554.74$701
Jun 2010030870.364.91$1,512
May 2010041571.124.24$1,758
Apr 201018925481.694.12$16,487
Mar 2010042578.394.39$1,865
Feb 201019643173.585.44$16,767
Jan 2010056174.365.96$3,346
Dec 2009031871.445.48$1,744
Nov 200919219474.593.75$15,049
Oct 2009045572.544.11$1,870
Sep 200917856865.543.06$13,407
Aug 2009018667.423.22$599
Jul 2009048461.133.46$1,677
Jun 200919272966.163.90$15,542
May 200919459054.743.93$12,936
Apr 200919449546.773.59$10,849
Mar 200938647642.144.06$18,198
Feb 200916743032.814.63$7,471
Jan 200918146735.865.37$8,999
Dec 200819852837.105.98$10,502
Nov 200819749455.496.86$14,321
Oct 200819641675.246.92$17,627
Sep 2008194344101.767.88$22,451
Aug 20080488114.228.48$4,140
Jul 2008195433131.0811.39$30,492
Jun 20080328131.3313.03$4,275
May 2008195511123.1711.57$29,933
Apr 20080486110.3110.45$5,081
Mar 2008197425101.909.66$24,182
Feb 2008059392.538.77$5,201
Jan 200819675690.388.21$23,918
Dec 2007044388.337.30$3,235
Nov 200719668291.677.29$22,940
Oct 200719376682.856.92$21,292
Sep 200719375575.846.24$19,351
Aug 200719277269.066.39$18,191
Jul 200719680970.906.39$19,064
Jun 20071961,06662.007.55$20,199
May 200719522858.747.85$13,243
Apr 200719166559.617.81$16,576
Mar 200719567156.927.30$15,999
Feb 200719563855.108.22$15,986
Jan 200719568850.306.73$14,437
Dec 200617874456.656.92$15,231
Nov 200618962454.207.62$14,997
Oct 200618369654.906.01$14,232
Sep 2006068160.085.04$3,430
Aug 200617973968.717.34$17,723
Jul 200618277569.376.34$17,541
Jun 200617575266.286.38$16,400
May 200617585866.016.42$17,064
Apr 200618394564.397.36$18,739
Mar 200618466356.707.08$15,129
Feb 200618387357.597.75$17,306
Jan 20061841,19960.598.93$21,860
Dec 20051861,13354.9413.42$25,418
Nov 20051711,06054.6910.59$20,576
Oct 20053391,91558.3413.80$46,196
Sep 20053181,26061.4512.08$34,761
Aug 20051541,13361.519.80$20,572
Jul 20053461,12955.697.84$28,124
Jun 200518098152.337.38$16,660
May 2005157945.226.65$3,896
Apr 200518795949.207.36$16,259
Mar 20053511,00550.377.15$24,871
Feb 200517797145.226.31$14,133
Jan 20051721,14743.166.32$14,675
Dec 20043721,22239.866.75$23,078
Nov 200431587945.286.33$19,828
Oct 20043411,64549.706.52$27,665
Sep 20043621,00043.245.28$20,937
Aug 20041751,08942.375.55$13,459
Jul 20043301,07638.286.08$19,179
Jun 20041831,28836.106.43$14,892
May 20043581,20737.486.49$21,257
Apr 20041681,17134.475.86$12,651
Mar 20041871,17634.365.53$12,929
Feb 20043661,25832.455.51$18,808
Jan 20043671,51632.036.30$21,305
Dec 20033591,67630.266.30$21,425
Nov 20033752,37028.804.60$21,691
Oct 20031851,52228.174.76$12,456
Sep 20033551,04126.314.75$14,284
Aug 20031801,27829.765.13$11,913
Jul 20031811,32329.415.17$12,164
Jun 20033621,66728.565.98$20,312
May 20031821,80126.595.97$15,596
Apr 20033682,32526.675.41$22,386
Mar 20033712,48031.146.10$26,671
Feb 20033733,19733.487.93$37,827
Jan 20031,8364,44230.315.58$80,445
Dec 20021802,03426.914.85$14,716
Nov 20023652,08724.664.14$17,635
Oct 20023582,02126.464.23$18,020
Sep 20025361,86227.443.64$21,477
Aug 20025402,06125.963.16$20,540
Jul 20023592,22124.583.06$15,624
Jun 20023591,94723.733.34$15,019
May 20025372,33324.663.58$21,604
Apr 20023602,28323.653.51$16,533
Mar 20023632,71522.003.10$16,410
Feb 20025472,27518.222.38$15,371
Jan 20025222,78717.172.38$15,584
Dec 20015422,54016.932.36$15,182
Nov 20015332,69418.072.41$16,112
Oct 20015412,63619.782.53$17,367
Sep 20015352,60424.262.25$18,842
Aug 20017143,69024.873.05$29,023
Jul 20015372,96123.933.20$22,317
Jun 20015322,87524.563.82$24,060
May 20015323,21425.524.31$27,420
Apr 20017173,16524.685.34$34,582
Mar 20011,0993,53024.545.38$45,948
Feb 20013723,51927.755.77$30,617
Jan 20011,1034,74427.478.40$70,143
Dec 20001,0895,78426.889.12$82,037
Nov 20001,0834,70832.215.66$61,521
Oct 20007443,22331.235.15$39,819
Sep 200012231.875.19$146
Aug 200035483829.644.54$14,298
Jul 200017896128.534.09$9,009
Jun 200071592129.304.40$24,999
May 20001771,23027.263.68$9,351
Apr 20001791,62024.513.12$9,435
Mar 20005411,30928.422.86$19,119
Feb 20001862,04427.622.73$10,710
Jan 20007222,02825.272.48$23,275
Dec 19993632,01924.282.42$13,707
Nov 19993572,07823.192.43$13,337
Oct 19995401,99020.982.80$16,909
Sep 19993551,95121.752.62$12,831
Aug 19997092,22819.262.88$20,062
Jul 19997111,93817.892.37$17,317
Jun 19993561,48015.942.36$9,171
May 19993551,66215.792.32$9,463
Apr 19997191,80115.102.21$14,834
Mar 19993641,87512.471.84$7,986
Feb 19991811,8399.981.82$5,149
Jan 19993572,25010.381.90$7,981
Dec 19989082,4659.201.77$12,725
Nov 19983652,16810.892.19$8,713
Oct 19983561,87412.421.97$8,112
Sep 19987092,23012.592.08$13,571
Aug 19985342,14511.301.91$10,125
Jul 19983552,13311.742.24$8,940
Jun 19987062,13911.242.24$12,721
May 19985352,38812.622.21$12,020
Apr 19987212,27713.042.51$15,106
Mar 19985482,75812.802.31$13,384
Feb 19983631,82113.952.30$9,251
Jan 19987242,59914.702.15$16,243
Dec 19977252,67516.322.41$18,282
Nov 19975462,84218.193.09$18,709
Oct 19977162,45419.253.15$21,513
Sep 19977082,47417.742.95$19,870
Aug 19973552,78717.862.55$13,460
Jul 19978902,95117.582.25$22,277
Jun 19975373,00017.242.26$16,029
May 19977173,00218.972.31$20,532
Apr 19977173,04517.882.08$19,162
Mar 19977193,20518.951.94$19,840
Feb 19979193,03720.492.21$25,530
Jan 19976793,58823.483.54$28,643
Dec 19969113,66023.32$21,245
Nov 19969134,01721.97$20,059
Oct 19969163,80023.31$21,352
Sep 19969033,79522.22$20,065
Aug 19967243,79620.26$14,668
Jul 19969084,05719.55$17,751
Jun 19961,0694,21818.73$20,022
May 19967395,23019.43$14,359
Apr 19961,0804,09821.51$23,231
Mar 19961,0844,18219.38$21,008
Feb 19961,0885,50516.98$18,474
Jan 19961,2724,49017.07$21,713
Dec 19951,1021,98117.19$18,943
Nov 19957262,66216.00$11,616
Oct 19959042,84215.43$13,949
Sep 19957352,46016.18$11,892
Aug 19951,0912,50815.92$17,369
Jul 19951,0772,79515.24$16,413
Jun 19957113,26916.41$11,668
May 19959353,65817.56$16,419
Apr 19951,1333,44917.73$20,088
Mar 19959413,52516.44$15,470
Feb 19959183,44716.58$15,220
Jan 19951,2733,72915.92$20,266
Dec 19941,0984,04215.03$16,503
Nov 19941,0883,92915.90$17,299
Oct 19941,4303,72015.58$22,279
Sep 19941,0703,88015.29$16,360
Aug 19941,2564,40616.13$20,259
Jul 19941,6024,60417.56$28,131
Jun 19941,2534,68217.09$21,414
May 19941,4444,07515.88$22,931
Apr 19941,4553,04814.14$20,574
Mar 19941,6243,30412.46$20,235
Feb 19941,4584,04912.50$18,225
Jan 19941,8135,47012.66$22,953
Dec 19931,2704,29312.33$15,659
Nov 19931,8145,39414.49$26,285
Oct 19932,1596,05315.85$34,220
Sep 19931,7825,92915.03$26,783
Aug 19932,1356,77715.66$33,434
Jul 19932,5049,12115.46$38,712
Jun 19932,8668,54316.79$48,120
May 19933,0648,79517.68$54,172
Apr 19933,78211,52818.05$68,265
Mar 19932,7167,85118.14$49,268
Feb 19933,8225,99917.90$68,414
Jan 19934,5898,31516.93$77,692

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 2020 — as filed, then multipliedworked
Oil                   67 bbl  × $ 16.92 =     $1,134
Casinghead gas         0 Mcf  × $  1.81 =         $0

────────────────────────────────────────────────────
Month total                                   $1,134

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/21502 is the state's own key, not one this site invented.