BASDEN

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 21554District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$7.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$77 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
OilDisposition152,188 bbl$5,128,916
Casinghead gasProduction624,002 Mcf$1,926,712
Total$7,055,629

225,603 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 30.0012, -96.8694. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.00123, -96.86939 · 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
10,475 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 10,475 ft.

Completions filed
Jul 2005
1 of 1 wells

1 well

42-149325761H10,475 ftJul 2005

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 2026170206106.413.05$18,717
Apr 2026016398.932.87$468
Mar 20260589.753.15$16
Feb 2026168063.503.75$10,668
Jan 20260559.138.00$40
Dec 20251897456.664.41$11,035
Nov 2025168958.593.93$9,878
Oct 202508359.383.30$274
Sep 2025017762.743.08$545
Aug 2025181063.933.01$11,571
Jul 2025020766.743.32$686
Jun 202518324166.483.13$12,920
May 2025031860.553.23$1,028
Apr 202518328862.363.54$12,432
Mar 2025030267.704.27$1,289
Feb 202517727470.884.34$13,735
Jan 2025029474.324.28$1,258
Dec 202417431668.993.12$12,991
Nov 2024026669.052.20$585
Oct 202418126171.372.28$13,513
Sep 2024025169.612.36$593
Aug 202418324075.632.06$14,336
Jul 2024026279.932.15$562
Jun 202418026778.082.63$14,758
May 2024127278.812.20$677
Apr 202418429784.451.66$16,032
Mar 2024131180.301.55$561
Feb 202418222676.091.78$14,251
Jan 2024225473.023.30$984
Dec 202318465371.262.61$14,817
Nov 202317724277.892.81$14,466
Oct 2023154885.443.09$1,777
Sep 2023043589.042.74$1,190
Aug 202318741380.522.67$16,161
Jul 2023081174.852.64$2,143
Jun 20231921,24068.962.26$16,041
May 202301,33470.622.23$2,971
Apr 20231811,27478.122.24$16,991
Mar 20231861,16272.852.39$16,331
Feb 2023075675.112.47$1,864
Jan 202317974276.533.39$16,213
Dec 202218593976.415.73$19,515
Nov 2022054485.005.65$3,072
Oct 202219085987.185.86$21,601
Sep 202201,10784.888.16$9,037
Aug 202218373294.529.13$23,978
Jul 2022177935101.587.54$25,032
Jun 20221758115.097.98$6,162
May 2022190591109.378.43$25,764
Apr 2022195374104.226.84$22,880
Mar 20220183108.885.08$929
Feb 2022238691.054.86$2,058
Jan 202218842081.844.54$17,292
Dec 202118982971.323.90$16,712
Nov 2021064877.435.24$3,393
Oct 202117958179.795.71$17,602
Sep 2021153169.865.35$2,911
Aug 202119455166.024.22$15,133
Jul 202119044170.783.98$15,204
Jun 2021072569.493.38$2,451
May 202118972363.483.02$14,180
Apr 2021165060.362.76$1,853
Mar 202137559961.302.72$24,615
Feb 2021043157.805.55$2,391
Jan 202118947350.412.81$10,857
Dec 202019247544.642.68$9,842
Nov 2020048238.772.71$1,305
Oct 202017444036.972.48$7,523
Sep 2020054037.091.99$1,075
Aug 202018665039.982.39$8,987
Jul 202018866538.371.83$8,427
Jun 2020173034.901.69$1,269
May 2020470516.921.81$1,347
Apr 20205545814.751.80$1,638
Mar 202016547630.341.86$5,890
Feb 202017843949.881.98$9,748
Jan 202016849957.252.09$10,663
Dec 2019050359.012.30$1,159
Nov 201917750955.302.75$11,188
Oct 2019054353.472.42$1,313
Sep 201917253555.052.66$10,890
Aug 201917455853.112.30$10,527
Jul 2019063256.272.46$1,555
Jun 201917758552.782.49$10,799
May 2019156058.482.74$1,593
Apr 201917754162.632.75$12,574
Mar 201917462356.803.06$11,791
Feb 2019157550.852.79$1,656
Jan 201917163246.033.23$9,911
Dec 201817161346.594.19$10,533
Nov 2018058952.934.24$2,496
Oct 201817262161.443.40$12,678
Sep 201816861559.543.11$11,914
Aug 2018164859.403.07$2,047
Jul 201817266265.142.93$13,145
Jun 201817562660.183.08$12,458
May 2018170065.382.90$2,096
Apr 201817860763.842.90$13,124
Mar 201817964661.222.79$12,759
Feb 2018057161.782.77$1,579
Jan 201817063162.874.01$13,218
Dec 201717561457.272.92$11,816
Nov 2017162855.423.12$2,014
Oct 201717463249.292.98$10,462
Sep 201717756747.523.09$10,162
Aug 2017160345.373.00$1,857
Jul 201716766143.873.09$9,367
Jun 201717865242.493.09$9,576
May 201717463345.373.26$9,960
Apr 2017164547.933.21$2,119
Mar 201717871946.772.98$10,470
Feb 201718267150.452.95$11,163
Jan 2017043849.413.42$1,497
Dec 201617760348.763.72$10,875
Nov 201617158242.492.64$8,805
Oct 2016162046.193.09$1,962
Sep 201617063441.553.10$9,029
Aug 201617665841.442.92$9,218
Jul 201616072541.622.92$8,779
Jun 2016071045.352.69$1,907
May 201617671142.521.99$8,899
Apr 2016048436.561.99$964
Mar 201616257133.011.79$6,372
Feb 201617256426.472.06$5,717
Jan 2016056827.352.36$1,343
Dec 201517664432.362.00$6,984
Nov 201518664638.792.17$8,615
Oct 2015164443.552.43$1,606
Sep 201516867842.992.76$9,093
Aug 201517369840.162.87$8,953
Jul 2015067548.152.95$1,988
Jun 201517563756.152.88$11,663
May 201516469955.212.96$11,120
Apr 201516768549.822.71$10,174
Mar 2015167842.892.93$2,033
Feb 201517561444.662.98$9,643
Jan 201518571043.433.10$10,236
Dec 2014174154.693.59$2,716
Nov 201418070770.464.25$15,689
Oct 201418267378.303.90$16,876
Sep 2014260086.164.05$2,600
Aug 201417966489.394.04$18,680
Jul 201418077396.564.18$20,612
Jun 201417672498.164.74$20,706
May 2014072894.734.73$3,441
Apr 201418270195.944.81$20,832
Mar 201418770595.895.06$21,496
Feb 201417962797.406.19$21,317
Jan 2014175290.404.86$3,746
Dec 201318369991.824.35$19,847
Nov 201318072488.853.74$18,700
Oct 2013172897.423.78$2,849
Sep 2013180719104.113.72$21,413
Aug 2013178638104.253.52$20,804
Jul 2013178802102.523.72$21,230
Jun 2013066794.403.93$2,624
May 201318275494.834.15$20,387
Apr 201317878193.964.28$20,070
Mar 201314678993.623.91$16,756
Feb 201318169891.233.42$18,900
Jan 201318084391.603.42$19,371
Dec 201218675986.773.42$18,735
Nov 201214080086.953.62$15,073
Oct 201218189089.383.40$19,204
Sep 201218078394.672.92$19,326
Aug 201217796992.662.91$19,219
Jul 201218179485.133.02$17,807
Jun 201218076279.822.52$16,287
May 201218388991.612.49$18,977
Apr 2012178861101.652.00$19,813
Mar 2012181888105.052.22$20,987
Feb 20120780101.102.57$2,005
Jan 201217280898.092.73$19,081
Dec 201118382496.873.24$20,397
Nov 201118181295.723.31$20,014
Oct 201118292984.983.65$18,856
Sep 201117881383.623.99$18,125
Aug 201117794083.404.15$18,662
Jul 201117887694.144.52$20,714
Jun 201118077592.904.64$20,318
May 201117881598.134.40$21,057
Apr 2011180935105.964.33$23,124
Mar 201118395496.364.06$21,505
Feb 201118282685.644.18$19,039
Jan 201136196286.504.59$35,641
Dec 20101801,02885.734.35$19,901
Nov 201017999080.843.80$18,228
Oct 20101821,06778.103.51$17,958
Sep 20101811,02372.633.98$17,217
Aug 201017899473.684.42$17,508
Jul 20101761,11372.554.74$18,041
Jun 20101811,06370.364.91$17,955
May 20101801,01471.124.24$17,096
Apr 20103561,04681.694.12$33,394
Mar 20101811,14778.394.39$19,222
Feb 201018072473.585.44$17,185
Jan 20101821,74974.365.96$23,965
Dec 200918484171.445.48$17,757
Nov 20091841,07674.593.75$17,761
Oct 20091821,12772.544.11$17,835
Sep 20091771,12465.543.06$15,045
Aug 20091771,23767.423.22$15,915
Jul 20091821,26161.133.46$15,494
Jun 20091831,12666.163.90$16,493
May 20093621,37054.743.93$25,194
Apr 20091811,25546.773.59$12,968
Mar 20091801,32342.144.06$12,955
Feb 20093691,13732.814.63$17,375
Jan 20091881,34635.865.37$13,971
Dec 20083791,41437.105.98$22,513
Nov 20081871,40355.496.86$20,002
Oct 20083721,67975.246.92$39,611
Sep 20081781,395101.767.88$29,102
Aug 20081851,477114.228.48$33,660
Jul 20083751,936131.0811.39$71,205
Jun 20083672,155131.3313.03$76,283
May 20081921,044123.1711.57$35,732
Apr 20083741,298110.3110.45$54,826
Mar 20083691,811101.909.66$55,103
Feb 20081881,98992.538.77$34,840
Jan 20083711,55690.388.21$46,299
Dec 20071831,09688.337.30$24,167
Nov 20073702,40191.677.29$51,425
Oct 20073722,27582.856.92$46,568
Sep 20071831,88375.846.24$25,636
Aug 20073752,10369.066.39$39,331
Jul 20075541,79570.906.39$50,745
Jun 20071831,14362.007.55$19,974
May 200718665658.747.85$16,073
Apr 200718492759.617.81$18,204
Mar 20071862,80056.927.30$31,033
Feb 20075553,01055.108.22$55,311
Jan 20073683,23950.306.73$40,299
Dec 20065412,76356.656.92$49,763
Nov 20063652,67254.207.62$40,137
Oct 20063733,16654.906.01$39,517
Sep 20065523,10660.085.04$48,810
Aug 20065483,16468.717.34$60,877
Jul 20065462,60969.376.34$54,424
Jun 20063702,08366.286.38$37,821
May 20065521,83366.016.42$48,215
Apr 2006455664.397.36$4,350
Mar 20065483,48556.707.08$55,756
Feb 20067303,86757.597.75$72,014
Jan 20069134,10360.598.93$91,972
Dec 20053722,47654.9413.42$53,654
Nov 20057403,22254.6910.59$74,586
Oct 20057323,34958.3413.80$88,907
Sep 20051,2864,13861.4512.08$129,008
Aug 20051,6825,72461.519.80$159,537
Jul 20053781,09955.697.84$29,671
Jun 2005036752.337.38$2,709
May 2005023845.226.65$1,583
Apr 200513359349.207.36$10,908
Mar 2005186550.377.15$6,239
Feb 20051861,01845.226.31$14,836
Jan 20051801,15843.166.32$15,090
Dec 20041821,20039.866.75$15,356
Nov 20041841,20745.286.33$15,972
Oct 20041661,30949.706.52$16,778
Sep 20041831,34243.245.28$15,004
Aug 20041831,35842.375.55$15,292
Jul 20041791,35038.286.08$15,066
Jun 20041801,63036.106.43$16,984
May 20041791,09437.486.49$13,814
Apr 20041821,45434.475.86$14,792
Mar 20041831,23634.365.53$13,123
Feb 20041841,25132.455.51$12,863
Jan 20041821,36432.036.30$14,422
Dec 20031841,31630.266.30$13,861
Nov 20031811,68328.804.60$12,946
Oct 20031711,61128.174.76$12,485
Sep 20031921,59126.314.75$12,608
Aug 20033732,15029.765.13$22,129
Jul 20031951,06029.415.17$11,216
Jun 20031931,42028.565.98$14,008
May 20035891,98726.595.97$27,529
Apr 2003072226.675.41$3,904
Mar 2003036631.146.10$2,231
Feb 200319550333.487.93$10,515
Jan 200319898130.315.58$11,477
Dec 200219062226.914.85$8,132
Nov 200219985724.664.14$8,453
Oct 200219598026.464.23$9,304
Sep 20021951,10727.443.64$9,375
Aug 20021931,24525.963.16$8,950
Jul 20021931,00624.583.06$7,824
Jun 20021831,28223.733.34$8,622
May 20021951,18924.663.58$9,070
Apr 20021951,17423.653.51$8,735
Mar 20023931,24322.003.10$12,503
Feb 20021971,00318.222.38$5,972
Jan 20021981,14717.172.38$6,125
Dec 20011961,45216.932.36$6,751
Nov 20013751,15318.072.41$9,550
Oct 20011971,33419.782.53$7,270
Sep 20011941,56924.262.25$8,239
Aug 20011941,65924.873.05$9,890
Jul 20011931,29623.933.20$8,762
Jun 20013901,36024.563.82$14,779
May 20011921,43925.524.31$11,098
Apr 20011981,50524.685.34$12,916
Mar 20013911,40124.545.38$17,128
Feb 20011981,65327.755.77$15,027
Jan 20013881,68827.478.40$24,835
Dec 20001971,86026.889.12$22,263
Nov 20003902,10332.215.66$24,461
Oct 20003892,20931.235.15$23,515
Sep 20001942,65231.875.19$19,937
Aug 20003692,65829.644.54$23,006
Jul 20003842,73828.534.09$22,153
Jun 20003863,22129.304.40$25,473
May 20007524,47327.263.68$36,959
Apr 20005813,50124.513.12$25,149
Mar 20005792,67528.422.86$24,105
Feb 20003832,46027.622.73$17,286
Jan 20007493,65625.272.48$27,996
Dec 19993593,13424.282.42$16,312
Nov 199919295423.192.43$6,775
Oct 199918983720.982.80$6,312
Sep 19995171,14321.752.62$14,238
Aug 19991902,39319.262.88$10,541
Jul 19991931,03717.892.37$5,913
Jun 19991931,03915.942.36$5,531
May 19995472,10315.792.32$13,518
Apr 19993581,73915.102.21$9,246
Mar 19993581,93112.471.84$8,014
Feb 19993531,9499.981.82$7,066
Jan 19993582,67110.381.90$8,791
Dec 19983621,4419.201.77$5,886
Nov 19981961,19710.892.19$4,751
Oct 19985481,17912.421.97$9,128
Sep 199801,30912.592.08$2,726
Aug 19986941,74511.301.91$11,171
Jul 19983501,77211.742.24$8,073
Jun 19983552,20511.242.24$8,923
May 19983481,41212.622.21$7,507
Apr 19983561,02913.042.51$7,220
Mar 19983512,02612.802.31$9,172
Feb 19987132,58413.952.30$15,887
Jan 19983592,32914.702.15$10,296
Dec 19979133,15216.322.41$22,500
Nov 19977083,37618.193.09$23,304
Oct 19973561,15119.253.15$10,478
Sep 19971941,03817.742.95$6,509
Aug 199735183917.862.55$8,412
Jul 19973521,13817.582.25$8,745
Jun 19975501,25217.242.26$12,308
May 1997096918.972.31$2,237
Apr 19973511,38617.882.08$9,163
Mar 19975521,94218.951.94$14,226
Feb 19977242,29720.492.21$19,902
Jan 19973653,67123.483.54$21,564
Dec 19965421,64823.32$12,639
Nov 19967072,18621.97$15,533
Oct 19961892,97823.31$4,406
Sep 19963521,18622.22$7,821
Aug 19963561,42820.26$7,213
Jul 19965333,06719.55$10,420
Jun 19965441,75118.73$10,189
May 19967383,31719.43$14,339
Apr 19965592,20621.51$12,024
Mar 19965413,21119.38$10,485
Feb 19969313,02016.98$15,808
Jan 19965662,03717.07$9,662
Dec 19952,0267,17817.19$34,827
Nov 199518695316.00$2,976
Oct 19955451,07415.43$8,409
Sep 199535595016.18$5,744
Aug 199519185515.92$3,041
Jul 19953451,06015.24$5,258
Jun 19953521,48316.41$5,776
May 19953531,33117.56$6,199
Apr 19953521,33117.73$6,241
Mar 19957102,17616.44$11,672
Feb 19957163,28916.58$11,871
Jan 19951,0765,05915.92$17,130
Dec 19941,2595,51515.03$18,923
Nov 19947442,90415.90$11,830
Oct 19941,4406,33515.58$22,435
Sep 19945493,04315.29$8,394
Aug 19941,2603,94516.13$20,324
Jul 19941,6057,17617.56$28,184
Jun 19947053,46217.09$12,048
May 19941,4156,80215.88$22,470
Apr 19941,4244,21814.14$20,135
Mar 19941,7946,46412.46$22,353
Feb 19941,7095,68212.50$21,363
Jan 19941,7814,59212.66$22,547
Dec 19932,1466,01012.33$26,460
Nov 19932,1575,90514.49$31,255
Oct 19932,84910,11315.85$45,157
Sep 19931,6201,63615.03$24,349
Aug 19932,3622,58915.66$36,989
Jul 19933,70510,11515.46$57,279
Jun 19934,57810,27416.79$76,865
May 19934,93111,00217.68$87,180
Apr 19935,31211,43518.05$95,882
Mar 19935,27311,48718.14$95,652
Feb 19935,34812,30217.90$95,729
Jan 19936,75017,82316.93$114,278

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                  170 bbl  × $106.41 =    $18,090
Casinghead gas       206 Mcf  × $  3.05 =       $627

────────────────────────────────────────────────────
Month total                                  $18,717

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/21554 is the state's own key, not one this site invented.