BULLARD-LEHMANN 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 21732District 03Field 34733500NGPA filingOilCasinghead gasSaveExport
Value, all time
$17.7 M
Jan 1993 – May 2026
Value, last 12 filed months
$134 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
OilDisposition382,076 bbl$10,588,076
Casinghead gasProduction2,952,706 Mcf$7,088,897
Total$17,676,973

1,430,347 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 30.0404, -96.8985. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.04043, -96.89848 · 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
13,500 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 13,500 ft.

Completions filed
Oct 1992
1 of 1 wells

1 well

42-14932664113,500 ftOct 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 20261876106.413.05$2,775
Apr 202618888498.932.87$21,136
Mar 20261861,39989.753.15$21,100
Feb 2026021263.503.75$795
Jan 202618274659.138.00$16,728
Dec 202511,00456.664.41$4,488
Nov 202519099158.593.93$15,023
Oct 202517982459.383.30$13,352
Sep 2025198062.743.08$3,078
Aug 20251921,17863.933.01$15,826
Jul 20251901,15266.743.32$16,500
Jun 202501,15366.483.13$3,607
May 20251831,18060.553.23$14,895
Apr 20251871,05062.363.54$15,382
Mar 20251921,16667.704.27$17,975
Feb 20251891,07370.884.34$18,054
Jan 202501,06574.324.28$4,557
Dec 20241871,20368.993.12$16,656
Nov 20241731,16269.052.20$14,500
Oct 20241791,11671.372.28$15,321
Sep 20241871,30369.612.36$16,098
Aug 20241911,29375.632.06$17,114
Jul 202401,14579.932.15$2,458
Jun 20241881,05778.082.63$17,463
May 20241831,37078.812.20$17,434
Apr 20241841,24584.451.66$17,605
Mar 20241901,28780.301.55$17,246
Feb 2024086276.091.78$1,538
Jan 20241851,20173.023.30$17,469
Dec 20231671,13871.262.61$14,871
Nov 20231891,24177.892.81$18,205
Oct 202301,34285.443.09$4,143
Sep 20231871,24789.042.74$20,061
Aug 20231901,25880.522.67$18,661
Jul 20231701,19474.852.64$15,879
Jun 202301,27068.962.26$2,868
May 20231921,13970.622.23$16,096
Apr 20231901,47278.122.24$18,137
Mar 20231911,23572.852.39$16,870
Feb 202318481475.112.47$15,827
Jan 20231921,23376.533.39$18,871
Dec 2022093976.415.73$5,380
Nov 20221861,09885.005.65$22,010
Oct 20221901,12087.185.86$23,132
Sep 20221851,12184.888.16$24,854
Aug 20221821,27894.529.13$28,867
Jul 20221921,069101.587.54$27,566
Jun 20221881,428115.097.98$33,028
May 202201,520109.378.43$12,818
Apr 20221901,275104.226.84$28,520
Mar 202201,136108.885.08$5,767
Feb 20221881,34291.054.86$23,638
Jan 20221961,37481.844.54$22,275
Dec 202101,46471.323.90$5,708
Nov 20211821,19677.435.24$20,356
Oct 202101,37379.795.71$7,845
Sep 20211871,42869.865.35$20,705
Aug 202101,28466.024.22$5,419
Jul 202101,64070.783.98$6,531
Jun 202101,11169.493.38$3,756
May 20211831,28763.483.02$15,501
Apr 20211912,34660.362.76$18,000
Mar 202101,81561.302.72$4,931
Feb 202101,34357.805.55$7,451
Jan 20211881,59750.412.81$13,965
Dec 20201631,40944.642.68$11,046
Nov 202018085938.772.71$9,304
Oct 202001,56836.972.48$3,886
Sep 20203692,09437.091.99$17,855
Aug 20201821,68239.982.39$11,288
Jul 2020097638.371.83$1,781
Jun 20201791,22634.901.69$8,319
May 20203671,77116.921.81$9,424
Apr 202001,02714.751.80$1,853
Mar 202009730.341.86$180
Feb 20200049.881.98$0
Jan 202016448257.252.09$10,399
Dec 20191862,24559.012.30$16,149
Nov 20191802,08155.302.75$15,678
Oct 20191562,16953.472.42$13,587
Sep 20191772,04255.052.66$15,170
Aug 20191702,09653.112.30$13,859
Jul 20191832,29656.272.46$15,946
Jun 20191762,32652.782.49$15,084
May 20191692,22558.482.74$15,980
Apr 20191522,34362.632.75$15,965
Mar 20191882,38856.803.06$17,991
Feb 20191831,95150.852.79$14,753
Jan 20191822,40946.033.23$16,154
Dec 20183632,51146.594.19$27,422
Nov 201802,54652.934.24$10,788
Oct 20181792,53161.443.40$19,598
Sep 20181852,35859.543.11$18,344
Aug 20181732,81259.403.07$18,899
Jul 20181752,81265.142.93$19,644
Jun 20181892,78560.183.08$19,943
May 20181712,87165.382.90$19,508
Apr 20181852,59163.842.90$19,326
Mar 20181912,64961.222.79$19,075
Feb 20181932,57661.782.77$19,049
Jan 20181912,92162.874.01$23,719
Dec 20171932,93257.272.92$19,619
Nov 20171962,80355.423.12$19,603
Oct 20171952,90649.292.98$18,282
Sep 20171922,84847.523.09$17,916
Aug 20171862,72745.373.00$16,632
Jul 20171882,68443.873.09$16,534
Jun 20171852,72542.493.09$16,273
May 20171932,81845.373.26$17,953
Apr 20171892,80447.933.21$18,064
Mar 20173712,84246.772.98$25,831
Feb 2017020350.452.95$599
Jan 20173732,99949.413.42$28,683
Dec 20161832,40748.763.72$17,884
Nov 20161942,37942.492.64$14,534
Oct 20161923,24846.193.09$18,906
Sep 20163702,86541.553.10$24,257
Aug 20161912,96541.442.92$16,586
Jul 20161923,02641.622.92$16,840
Jun 20161892,97445.352.69$16,559
May 20161913,06042.521.99$14,214
Apr 20163733,32136.561.99$20,249
Mar 20161853,31933.011.79$12,061
Feb 20161843,16526.472.06$11,402
Jan 20163723,53427.352.36$18,530
Dec 20151823,57532.362.00$13,045
Nov 20151823,50038.792.17$14,645
Oct 20151913,84843.552.43$17,656
Sep 20151823,24142.992.76$16,764
Aug 20151883,53840.162.87$17,713
Jul 20153763,31848.152.95$27,876
Jun 20151923,02256.152.88$19,493
May 20151953,27855.212.96$20,454
Apr 20151903,20349.822.71$18,135
Mar 20151953,66242.892.93$19,110
Feb 20151913,43244.662.98$18,744
Jan 20153703,81543.433.10$27,898
Dec 20141903,70454.693.59$23,694
Nov 20141903,50970.464.25$28,307
Oct 20143813,68078.303.90$44,188
Sep 20141863,55086.164.05$30,387
Aug 20141783,85589.394.04$31,467
Jul 20143783,76096.564.18$52,215
Jun 20141933,67398.164.74$36,343
May 20141873,58794.734.73$34,669
Apr 20141923,65495.944.81$35,993
Mar 20143793,63995.895.06$54,744
Feb 20141963,59197.406.19$41,326
Jan 20141912,94890.404.86$31,596
Dec 20133762,90391.824.35$47,165
Nov 20131903,10488.853.74$28,485
Oct 20131822,67497.423.78$27,836
Sep 20131932,802104.113.72$30,510
Aug 20131812,678104.253.52$28,303
Jul 20131843,263102.523.72$30,995
Jun 20133803,05794.403.93$47,896
May 201303,17294.834.15$13,161
Apr 20133793,31093.964.28$49,786
Mar 20131933,51893.623.91$31,834
Feb 20131923,06191.233.42$27,985
Jan 20133903,30591.603.42$47,027
Dec 20121823,12686.773.42$26,484
Nov 20121933,17986.953.62$28,305
Oct 20121883,30189.383.40$28,026
Sep 20123753,39394.672.92$45,403
Aug 20121913,44292.662.91$27,708
Jul 20121923,53185.133.02$27,011
Jun 20123813,61979.822.52$39,528
May 20123793,99691.612.49$44,664
Apr 20123884,425101.652.00$48,276
Mar 20125635,528105.052.22$71,427
Feb 20123753,412101.102.57$46,682
Jan 20121902,46198.092.73$25,366
Dec 20111852,65796.873.24$26,529
Nov 20111942,66695.723.31$27,398
Oct 20111892,88284.983.65$26,576
Sep 20111893,08783.623.99$28,108
Aug 201101,20283.404.15$4,987
Jul 201101,82294.144.52$8,230
Jun 20113883,41792.904.64$51,900
May 201103,13498.134.40$13,805
Apr 20111933,151105.964.33$34,104
Mar 20113833,97596.364.06$53,034
Feb 20111923,35785.644.18$30,475
Jan 20113924,19986.504.59$53,176
Dec 20103864,87085.734.35$54,265
Nov 20101924,29680.843.80$31,826
Oct 20101903,41578.103.51$26,822
Sep 20103813,78772.633.98$42,742
Aug 20101904,21473.684.42$32,622
Jul 20103743,11772.554.74$41,897
Jun 20103864,27570.364.91$48,151
May 20101932,48871.124.24$24,263
Apr 20101943,34981.694.12$29,655
Mar 20103843,44178.394.39$45,203
Feb 20101923,31673.585.44$32,174
Jan 20103813,98674.365.96$52,104
Dec 20093844,19471.445.48$50,432
Nov 20091893,91774.593.75$28,792
Oct 20093814,29472.544.11$45,287
Sep 20091944,26865.543.06$25,795
Aug 20093784,61267.423.22$40,328
Jul 20093774,54961.133.46$38,806
Jun 20091804,50666.163.90$29,460
May 20093824,57254.743.93$38,859
Apr 20093934,48646.773.59$34,474
Mar 20091994,30242.144.06$25,848
Feb 20093954,29132.814.63$32,840
Jan 20093934,90235.865.37$40,422
Dec 20083984,63537.105.98$42,470
Nov 20083934,63355.496.86$53,592
Oct 20081945,20775.246.92$50,639
Sep 20083864,289101.767.88$73,064
Aug 20083855,120114.228.48$87,408
Jul 20083935,226131.0811.39$111,036
Jun 20083874,988131.3313.03$115,831
May 20083904,613123.1711.57$101,429
Apr 20083914,852110.3110.45$93,858
Mar 20083934,994101.909.66$88,309
Feb 20083914,69992.538.77$77,392
Jan 20085915,11990.388.21$95,420
Dec 20075905,17688.337.30$89,910
Nov 20073864,69291.677.29$69,597
Oct 20073895,01482.856.92$66,935
Sep 20073854,89375.846.24$59,751
Aug 20075795,52169.066.39$75,254
Jul 20073945,34670.906.39$62,085
Jun 20073925,42362.007.55$65,239
May 20075815,61158.747.85$78,153
Apr 20075975,68159.617.81$79,929
Mar 20075846,07056.927.30$77,564
Feb 20075885,39455.108.22$76,716
Jan 20075766,49250.306.73$72,644
Dec 20063776,82656.656.92$68,582
Nov 20067486,60854.207.62$90,878
Oct 20065547,55554.906.01$75,849
Sep 20067308,24860.085.04$85,405
Aug 20069149,66368.717.34$133,727
Jul 20061,2687,67569.376.34$136,642
Jun 20065202,12166.286.38$48,006
May 20060066.016.42$0
Apr 20061734,17064.397.36$41,833
Mar 20065486,04956.707.08$73,916
Feb 20063624,60957.597.75$56,572
Jan 20063675,34060.598.93$69,940
Dec 20053666,10554.9413.42$102,009
Nov 20053566,26454.6910.59$85,795
Oct 20054816,08958.3413.80$112,064
Sep 20053505,65461.4512.08$89,802
Aug 20056496,37061.519.80$102,326
Jul 20055147,11255.697.84$84,409
Jun 20057235,95452.337.38$81,781
May 20053645,64445.226.65$53,999
Apr 20055405,38049.207.36$66,167
Mar 20055426,37850.377.15$72,934
Feb 20056775,55145.226.31$65,651
Jan 20055195,84743.166.32$59,366
Dec 20046806,07939.866.75$68,145
Nov 20048506,29245.286.33$78,319
Oct 20046856,45249.706.52$76,080
Sep 20045336,18243.245.28$55,712
Aug 20047127,08142.375.55$69,472
Jul 20041,0357,83138.286.08$87,265
Jun 20045325,91736.106.43$57,269
May 20047176,57237.486.49$69,556
Apr 20045206,14334.475.86$53,913
Mar 20047357,93934.365.53$69,158
Feb 20047317,57132.455.51$65,434
Jan 20045618,12132.036.30$69,128
Dec 20037368,21930.266.30$74,065
Nov 20037198,10328.804.60$57,942
Oct 20035428,61328.174.76$56,263
Sep 20039068,57026.314.75$64,539
Aug 20037128,93029.765.13$66,998
Jul 20037228,73529.415.17$66,401
Jun 20039017,88428.565.98$72,902
May 20035477,89326.595.97$61,687
Apr 20035427,84126.675.41$56,854
Mar 20037388,79931.146.10$76,620
Feb 20039218,75833.487.93$100,250
Jan 200392129,95430.315.58$195,120
Dec 20029109,88626.914.85$72,472
Nov 20029228,46224.664.14$57,743
Oct 20025269,34926.464.23$53,456
Sep 200290110,12927.443.64$61,544
Aug 20029069,90625.963.16$54,864
Jul 200290810,91024.583.06$55,722
Jun 200289511,08723.733.34$58,249
May 200290511,45524.663.58$63,372
Apr 200289711,05423.653.51$60,039
Mar 20021,25812,85522.003.10$67,561
Feb 20021,10312,02118.222.38$48,655
Jan 20021,45010,22817.172.38$49,195
Dec 20011,0877,03016.932.36$35,025
Nov 20011,2487,56018.072.41$40,737
Oct 20011,2618,09219.782.53$45,406
Sep 20011,3817,85824.262.25$51,194
Aug 20011,2638,61024.873.05$57,699
Jul 20011,2679,06823.933.20$59,310
Jun 20011,4489,65324.563.82$72,478
May 20011,62310,51125.524.31$86,693
Apr 20011,80210,85424.685.34$102,383
Mar 20012,36011,51124.545.38$119,803
Feb 20011,807027.755.77$50,144
Jan 20012,20013,10227.478.40$170,475
Dec 20002,72914,56426.889.12$206,216
Nov 20003,27016,59232.215.66$199,204
Oct 20004,32320,13631.235.15$238,617
Sep 20006,92626,09631.875.19$356,079
Aug 200010,32423,83029.644.54$414,209
Jul 20005371,30428.534.09$20,654
Jun 20003571,74329.304.40$18,125
May 20003631,95027.263.68$17,071
Apr 20003602,56724.513.12$16,822
Mar 20005382,46328.422.86$22,334
Feb 20003672,25827.622.73$16,293
Jan 20003612,47125.272.48$15,252
Dec 19995492,49024.282.42$19,365
Nov 19993632,52123.192.43$14,554
Oct 19995392,42220.982.80$18,099
Sep 19993552,03821.752.62$13,058
Aug 19997211,85219.262.88$19,212
Jul 19993542,06417.892.37$11,230
Jun 19993552,47815.942.36$11,512
May 19991792,13815.792.32$7,789
Apr 19995353,28215.102.21$15,325
Mar 19993644,22212.471.84$12,301
Feb 19995554,0539.981.82$12,906
Jan 19995413,80310.381.90$12,841
Dec 19985495,9559.201.77$15,611
Nov 19985423,48910.892.19$13,528
Oct 19983563,64712.421.97$11,603
Sep 19983614,02912.592.08$12,936
Aug 19983663,64811.301.91$11,094
Jul 19985453,28311.742.24$13,743
Jun 19985606,79711.242.24$21,501
May 19981,07811,82112.622.21$39,686
Apr 19987186,31813.042.51$25,191
Mar 19985535,14112.802.31$18,951
Feb 19989186,73613.952.30$28,293
Jan 19985588,60114.702.15$26,736
Dec 19971,27311,55016.322.41$48,624
Nov 19971,0839,44618.193.09$48,871
Oct 19975355,15419.253.15$26,533
Sep 19975375,68017.742.95$26,310
Aug 19978959,16817.862.55$39,407
Jul 19978986,65617.582.25$30,742
Jun 19977185,61417.242.26$25,050
May 19979106,89718.972.31$33,184
Apr 19979287,24417.882.08$31,680
Mar 19971,0967,55118.951.94$35,412
Feb 19979116,24820.492.21$32,449
Jan 19977316,31823.483.54$39,528
Dec 19961,2857,85823.32$29,966
Nov 19969197,25421.97$20,190
Oct 19961,45211,79423.31$33,846
Sep 19969049,96422.22$20,087
Aug 19961,43515,05820.26$29,073
Jul 19961,44014,66419.55$28,152
Jun 19961,09610,57718.73$20,528
May 19967179,42319.43$13,931
Apr 19969129,69421.51$19,617
Mar 19961,11211,40119.38$21,551
Feb 19961,30012,01416.98$22,074
Jan 19961,12214,38417.07$19,153
Dec 19952,24716,92517.19$38,626
Nov 19951,46412,91816.00$23,424
Oct 19951,28319,47715.43$19,797
Sep 19951,45616,59116.18$23,558
Aug 19952,01322,65115.92$32,047
Jul 19952,52623,93415.24$38,496
Jun 19952,32918,04316.41$38,219
May 19951786,44917.56$3,126
Apr 19952,02316,18917.73$35,868
Mar 19951,99618,39516.44$32,814
Feb 19952,20816,53516.58$36,609
Jan 19952,18819,00915.92$34,833
Dec 19942,56720,07415.03$38,582
Nov 19942,54221,86715.90$40,418
Oct 19942,71121,17515.58$42,237
Sep 19943,04521,70515.29$46,558
Aug 19943,04223,14616.13$49,067
Jul 19943,20025,38417.56$56,192
Jun 19943,40626,01217.09$58,209
May 19943,92630,12615.88$62,345
Apr 19943,95030,51714.14$55,853
Mar 19944,69932,33412.46$58,550
Feb 19944,84531,62712.50$60,563
Jan 19945,73739,44812.66$72,630
Dec 19936,08843,20012.33$75,065
Nov 19936,44345,92614.49$93,359
Oct 19937,49953,75415.85$118,859
Sep 19938,19757,63815.03$123,201
Aug 19939,57561,83015.66$149,945
Jul 199311,01575,65615.46$170,292
Jun 199312,92387,35616.79$216,977
May 199315,14490,15617.68$267,746
Apr 199313,61865,81218.05$245,805
Mar 199313,57752,31818.14$246,287
Feb 199311,50340,06217.90$205,904
Jan 199321,76392,02316.93$368,448

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                    1 bbl  × $106.41 =       $106
Casinghead gas       876 Mcf  × $  3.05 =     $2,668

────────────────────────────────────────────────────
Month total                                   $2,775

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/21732 is the state's own key, not one this site invented.