WATFORD

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 22027District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$5.0 M
Mar 1993 – Sep 2025
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
391
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
OilDisposition136,245 bbl$3,014,478
Casinghead gasProduction1,292,740 Mcf$2,000,341
Total$5,014,819

745,143 Mcf of this lease's gas, across 44 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 30.2878, -96.6016. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.28785, -96.60164 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,592 ft
1 wells filed one
Completion to plug
11.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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 10,592 ft.

Completions filed
Aug 2013
1 of 1 wells
Plug dates filed
Jun 2025
1 of 1 wells

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-47730705110,592 ftAug 2013Jun 2025Yes

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 (391)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

391 months

Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 202545066.483.13$2,992
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 20231085.443.09$85
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 20222587.185.86$204
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202226115.097.98$278
May 202202109.378.43$17
Apr 2022625104.226.84$796
Mar 20221225108.885.08$1,433
Feb 20224091.054.86$364
Jan 20224081.844.54$327
Dec 20219971.323.90$677
Nov 20211077.435.24$77
Oct 20214679.795.71$353
Sep 202102269.865.35$118
Aug 202102966.024.22$122
Jul 202103070.783.98$119
Jun 202102769.493.38$91
May 202101963.483.02$57
Apr 202102160.362.76$58
Mar 202102661.302.72$71
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20201044.642.68$45
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020355237.091.99$1,210
Aug 202016820839.982.39$7,213
Jul 2020048538.371.83$885
Jun 2020032434.901.69$548
May 2020028216.921.81$512
Apr 2020250814.751.80$946
Mar 2020064530.341.86$1,197
Feb 2020058849.881.98$1,165
Jan 202017429657.252.09$10,582
Dec 20190059.012.30$0
Nov 2019044055.302.75$1,210
Oct 2019081553.472.42$1,971
Sep 20191751,39255.052.66$13,333
Aug 2019021953.112.30$505
Jul 20192056.272.46$113
Jun 20190252.782.49$5
May 201902158.482.74$58
Apr 2019048462.632.75$1,331
Mar 2019058756.803.06$1,797
Feb 201918075650.852.79$11,264
Jan 2019029646.033.23$956
Dec 2018062746.594.19$2,624
Nov 201817961252.934.24$12,068
Oct 2018079461.443.40$2,698
Sep 2018074059.543.11$2,300
Aug 2018077459.403.07$2,374
Jul 2018090865.142.93$2,662
Jun 201835195660.183.08$24,065
May 201801,01665.382.90$2,947
Apr 2018094663.842.90$2,744
Mar 201801,05761.222.79$2,946
Feb 2018085761.782.77$2,371
Jan 2018081962.874.01$3,284
Dec 20171941,03757.272.92$14,140
Nov 201701,11355.423.12$3,471
Oct 2017079449.292.98$2,369
Sep 20170547.523.09$15
Aug 2017080145.373.00$2,407
Jul 20171921,09343.873.09$11,797
Jun 201701,12242.493.09$3,464
May 201701,22745.373.26$4,004
Apr 20171911,24647.933.21$13,156
Mar 201701,36146.772.98$4,061
Feb 20171901,33450.452.95$13,524
Jan 201701,46549.413.42$5,009
Dec 20161861,70748.763.72$15,424
Nov 20161811,76742.492.64$12,363
Oct 201601,51346.193.09$4,676
Sep 20161851,61341.553.10$12,688
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016061642.521.99$1,226
Apr 201601,01636.561.99$2,023
Mar 201602,02633.011.79$3,635
Feb 20161921,89826.472.06$8,999
Jan 20161921,87227.352.36$9,677
Dec 201501,14032.362.00$2,282
Nov 2015011438.792.17$247
Oct 201501,29843.552.43$3,150
Sep 20151821,47042.992.76$11,879
Aug 201501,15440.162.87$3,315
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 2015072055.212.96$2,128
Apr 20151882,28649.822.71$15,553
Mar 20151892,55142.892.93$15,593
Feb 20151932,29344.662.98$15,444
Jan 201501,75443.433.10$5,439
Dec 20141952,06854.693.59$18,091
Nov 2014087470.464.25$3,716
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 201418935289.394.04$18,315
Jul 201419055696.564.18$20,670
Jun 201401,03198.164.74$4,884
May 2014079694.734.73$3,762
Apr 201419543295.944.81$20,786
Mar 20141911,76695.895.06$27,245
Feb 20143732,65397.406.19$52,758
Jan 20143892,79290.404.86$48,737
Dec 201301,45891.824.35$6,349
Nov 20130088.853.74$0
Oct 201317622397.423.78$17,989
Sep 20130491104.113.72$1,825
Aug 2013192309104.253.52$21,104
Jul 201301,803102.523.72$6,703
Jun 20131891,05594.403.93$21,991
May 20133783,23194.834.15$49,251
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 2012015985.133.02$480
Jun 20121921,18679.822.52$18,313
May 2012097691.612.49$2,429
Apr 2012187868101.652.00$20,742
Mar 20120633105.052.22$1,407
Feb 201203101.102.57$8
Jan 20120098.092.73$0
Dec 2011068596.873.24$2,219
Nov 201119560695.723.31$20,672
Oct 2011084584.983.65$3,083
Sep 2011052183.623.99$2,077
Aug 2011081083.404.15$3,361
Jul 2011055894.144.52$2,521
Jun 201119058392.904.64$20,356
May 2011391198.134.40$4,307
Apr 20110788105.964.33$3,415
Mar 201119184496.364.06$21,829
Feb 201102,25385.644.18$9,417
Jan 201101,20386.504.59$5,520
Dec 201019667885.734.35$19,751
Nov 2010095080.843.80$3,606
Oct 2010079678.103.51$2,793
Sep 201018182872.633.98$16,441
Aug 2010065073.684.42$2,873
Jul 201004772.554.74$223
Jun 201006170.364.91$300
May 201019146371.124.24$15,545
Apr 2010028281.694.12$1,163
Mar 2010070378.394.39$3,085
Feb 2010036673.585.44$1,992
Jan 2010045274.365.96$2,696
Dec 200919154671.445.48$16,639
Nov 2009050974.593.75$1,910
Oct 2009065572.544.11$2,692
Sep 200919158565.543.06$14,311
Aug 2009037167.423.22$1,194
Jul 2009037061.133.46$1,282
Jun 2009054866.163.90$2,134
May 200919349954.743.93$12,524
Apr 2009018546.773.59$664
Mar 2009026142.144.06$1,059
Feb 2009010432.814.63$482
Jan 2009018335.865.37$983
Dec 200820095937.105.98$13,152
Nov 2008078755.496.86$5,399
Oct 200819569375.246.92$19,469
Sep 20080333101.767.88$2,623
Aug 20080836114.228.48$7,092
Jul 2008193969131.0811.39$36,335
Jun 20080963131.3313.03$12,550
May 20081921,037123.1711.57$35,651
Apr 200801,056110.3110.45$11,040
Mar 20081941,244101.909.66$31,791
Feb 200801,26992.538.77$11,130
Jan 20082001,26090.388.21$28,415
Dec 20071961,17488.337.30$25,885
Nov 2007022591.677.29$1,641
Oct 200709182.856.92$630
Sep 200719295475.846.24$20,518
Aug 200707069.066.39$447
Jul 200741,38370.906.39$9,118
Jun 20071971,41762.007.55$22,910
May 200741,71858.747.85$13,715
Apr 20072001,95259.617.81$27,158
Mar 20071931,73456.927.30$23,647
Feb 20071951,57755.108.22$23,701
Jan 20072001,15750.306.73$17,843
Dec 2006121556.656.92$1,544
Nov 2006024654.207.62$1,874
Oct 2006440554.906.01$2,655
Sep 2006425660.085.04$1,530
Aug 200619833668.717.34$16,071
Jul 2006279069.376.34$5,150
Jun 2006233866.286.38$2,290
May 200619851366.016.42$16,366
Apr 20061931,04564.397.36$20,119
Mar 2006647256.707.08$3,683
Feb 2006158357.597.75$4,576
Jan 200619742660.598.93$15,742
Dec 2005139354.9413.42$5,327
Nov 2005174554.6910.59$7,943
Oct 20051961,16258.3413.80$27,465
Sep 200518328961.4512.08$14,736
Aug 2005375261.519.80$7,552
Jul 20052001,23455.697.84$20,817
Jun 200563752.337.38$587
May 200508345.226.65$552
Apr 200504849.207.36$353
Mar 200504850.377.15$343
Feb 200510718945.226.31$6,031
Jan 2005035743.166.32$2,257
Dec 200415747039.866.75$9,431
Nov 2004146145.286.33$2,964
Oct 2004142949.706.52$2,845
Sep 2004110743.245.28$609
Aug 200417211842.375.55$7,943
Jul 2004051838.286.08$3,152
Jun 20041911,69736.106.43$17,812
May 20043763,01637.486.49$33,680
Apr 20042034.475.86$69
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 2003297128.804.60$4,520
Oct 20033723,98228.174.76$29,432
Sep 20031853,82826.314.75$23,048
Aug 20033453,51929.765.13$28,319
Jul 20031963,78429.415.17$25,331
Jun 20033763,87628.565.98$33,929
May 20031863,63026.595.97$26,627
Apr 20033784,94626.675.41$36,826
Mar 200319730231.146.10$7,976
Feb 20031903,13533.487.93$31,209
Jan 20031933,53530.315.58$25,582
Dec 20023813,65426.914.85$27,988
Nov 2002123,62424.664.14$15,288
Oct 20021903,85126.464.23$21,314
Sep 2002373027.443.64$10,235
Aug 20023493,74325.963.16$20,903
Jul 20023783,85124.583.06$21,082
Jun 20021903,63023.733.34$16,627
May 20023774,00224.663.58$23,640
Apr 2002576423.653.51$2,802
Mar 2002024522.003.10$760
Feb 2002052618.222.38$1,250
Jan 200218364917.172.38$4,684
Dec 20015695,34116.932.36$22,261
Nov 200103,72918.072.41$8,970
Oct 20013754,79219.782.53$19,536
Sep 2001010924.262.25$245
Aug 20011801,32624.873.05$8,525
Jul 20011932,65923.933.20$13,120
Jun 20013724,41324.563.82$26,012
May 20017235,25125.524.31$41,069
Apr 20013685,65824.685.34$39,269
Mar 20013792,81324.545.38$24,425
Feb 200103,79927.755.77$21,909
Jan 200118192327.478.40$12,724
Dec 20005455,78926.889.12$67,460
Nov 20001825,12632.215.66$34,865
Oct 20003645,21931.235.15$38,222
Sep 20003657,00531.875.19$47,964
Aug 20007297,36029.644.54$55,027
Jul 20003687,40528.534.09$40,784
Jun 20005556,91929.304.40$46,686
May 20005547,30627.263.68$41,986
Apr 20007627,64824.513.12$42,508
Mar 20005568,50328.422.86$40,118
Feb 20003536,46727.622.73$27,382
Jan 20007398,89925.272.48$40,749
Dec 19995647,90624.282.42$32,856
Nov 19995598,33023.192.43$33,238
Oct 19997528,91820.982.80$40,780
Sep 19995579,82321.752.62$37,840
Aug 19997505,54819.262.88$30,399
Jul 19993699,32317.892.37$28,719
Jun 199955819,61515.942.36$55,227
May 199975210,16815.792.32$35,474
Apr 19993622,50715.102.21$11,002
Mar 199974310,79812.471.84$29,116
Feb 19999448,8649.981.82$25,534
Jan 19997429,59210.381.90$25,926
Dec 19981,13011,7759.201.77$31,277
Nov 19987479,87810.892.19$29,725
Oct 199890211,44812.421.97$33,746
Sep 19987249,26312.592.08$28,406
Aug 19989229,79311.301.91$29,097
Jul 19981,0979,95311.742.24$35,146
Jun 19981842,12511.242.24$6,822
May 19981,3175,69712.622.21$29,190
Apr 19981862,10813.042.51$7,707
Mar 199801,43012.802.31$3,303
Feb 1998019013.952.30$437
Jan 19983033,54014.702.15$12,082
Dec 19973563,37416.322.41$13,945
Nov 19977454,28818.193.09$26,794
Oct 19971773,85519.253.15$15,550
Sep 19975683,99017.742.95$21,866
Aug 1997081217.862.55$2,074
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 199736421218.972.31$7,394
Apr 19975511,05517.882.08$12,049
Mar 19973781,04718.951.94$9,193
Feb 19971851,14720.492.21$6,321
Jan 19971523.483.54$41
Dec 19960023.32$0
Nov 1996138321.97$3,032
Oct 19961701,29423.31$3,963
Sep 199693222.22$2,066
Aug 19965492,54320.26$11,123
Jul 19961951,43219.55$3,812
Jun 199612018.73$19
May 199621419.43$408
Apr 19961761,60521.51$3,786
Mar 19963675,18519.38$7,112
Feb 19963903,24116.98$6,622
Jan 1996534017.07$9,115
Dec 199504,03617.19$0
Nov 19951761,10916.00$2,816
Oct 19959419,99715.43$14,520
Sep 19957069,05516.18$11,423
Aug 19953694,81415.92$5,874
Jul 19955596,39115.24$8,519
Jun 19953824,21616.41$6,269
May 19951,68215,33917.56$29,536
Apr 19959425,03717.73$16,702
Mar 19959546,09116.44$15,684
Feb 19957526,19416.58$12,468
Jan 19959035,41615.92$14,376
Dec 19943521,23015.03$5,291
Nov 19942032,64715.90$3,228
Oct 19947393,43215.58$11,514
Sep 19949344,32815.29$14,281
Aug 19949194,40216.13$14,823
Jul 19941,65810,85217.56$29,114
Jun 19941,48012,89817.09$25,293
May 19941,84116,43215.88$29,235
Apr 19942,39820,72514.14$33,908
Mar 19942,45621,15612.46$30,602
Feb 19943,65920,77912.50$45,738
Jan 19943,13517,87712.66$39,689
Dec 19932,83823,01312.33$34,993
Nov 19933,37830,03814.49$48,947
Oct 19934,60848,28815.85$73,037
Sep 19935,48752,60115.03$82,470
Aug 19936,65658,50715.66$104,233
Jul 19937,00063,33315.46$108,220
Jun 19937,31969,64416.79$122,886
May 19939,89178,43017.68$174,873
Apr 199310,33981,83918.05$186,619
Mar 19931,4999,66818.14$27,192

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.

Jun 2025 — as filed, then multipliedworked
Oil                   45 bbl  × $ 66.48 =     $2,992
Casinghead gas         0 Mcf  × $  3.13 =         $0

────────────────────────────────────────────────────
Month total                                   $2,992

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/22027 is the state's own key, not one this site invented.