SCHMIDT OL UNIT

Name: SCHMIDT OL UNIT lease production and value, Jun 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 22092District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$3.3 M

Jun 1993 – Jan 2019

Value, last 12 filed months

at the published price for each month

Months reported

308

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) field

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.

Stream	Basis	Volume	Value
Oil	Disposition	137,786 bbl	$2,598,701
Casinghead gas	Production	595,990 Mcf	$653,276
Total			$3,251,978

433,680 Mcf of this lease's gas, across 43 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 29.8587, -96.9170. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.85872, -96.91699 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

14,683 ft

1 wells filed one

Completion to plug

25.3 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 14,683 ft.

Completions filed

Jun 1993

1 of 1 wells

Plug dates filed

Sep 2018

1 of 1 wells

Last completion to plug: a median of 25.3 years across the 1 well that filed both dates, with the middle half between 25.3 years and 25.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-14932750	1	14,683 ft	Jun 1993	Sep 2018	Yes

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 (308)

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

308 months


Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	0	0	45.35	2.69	$0
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	0	33.01	1.79	$0
Feb 2016	0	0	26.47	2.06	$0
Jan 2016	0	0	27.35	2.36	$0
Dec 2015	0	0	32.36	2.00	$0
Nov 2015	0	0	38.79	2.17	$0
Oct 2015	0	0	43.55	2.43	$0
Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	0	95.89	5.06	$0
Feb 2014	0	0	97.40	6.19	$0
Jan 2014	0	0	90.40	4.86	$0
Dec 2013	0	0	91.82	4.35	$0
Nov 2013	0	0	88.85	3.74	$0
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	0	104.11	3.72	$0
Aug 2013	0	0	104.25	3.52	$0
Jul 2013	0	0	102.52	3.72	$0
Jun 2013	0	0	94.40	3.93	$0
May 2013	0	0	94.83	4.15	$0
Apr 2013	0	0	93.96	4.28	$0
Mar 2013	0	0	93.62	3.91	$0
Feb 2013	0	0	91.23	3.42	$0
Jan 2013	0	0	91.60	3.42	$0
Dec 2012	0	0	86.77	3.42	$0
Nov 2012	0	0	86.95	3.62	$0
Oct 2012	0	0	89.38	3.40	$0
Sep 2012	0	0	94.67	2.92	$0
Aug 2012	0	0	92.66	2.91	$0
Jul 2012	0	0	85.13	3.02	$0
Jun 2012	0	0	79.82	2.52	$0
May 2012	0	0	91.61	2.49	$0
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	0	105.05	2.22	$0
Feb 2012	0	0	101.10	2.57	$0
Jan 2012	0	0	98.09	2.73	$0
Dec 2011	0	0	96.87	3.24	$0
Nov 2011	0	0	95.72	3.31	$0
Oct 2011	0	0	84.98	3.65	$0
Sep 2011	0	0	83.62	3.99	$0
Aug 2011	0	0	83.40	4.15	$0
Jul 2011	0	0	94.14	4.52	$0
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	0	105.96	4.33	$0
Mar 2011	0	0	96.36	4.06	$0
Feb 2011	0	0	85.64	4.18	$0
Jan 2011	0	0	86.50	4.59	$0
Dec 2010	0	0	85.73	4.35	$0
Nov 2010	0	0	80.84	3.80	$0
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	0	72.63	3.98	$0
Aug 2010	0	0	73.68	4.42	$0
Jul 2010	0	0	72.55	4.74	$0
Jun 2010	0	0	70.36	4.91	$0
May 2010	0	0	71.12	4.24	$0
Apr 2010	0	0	81.69	4.12	$0
Mar 2010	0	0	78.39	4.39	$0
Feb 2010	0	0	73.58	5.44	$0
Jan 2010	0	0	74.36	5.96	$0
Dec 2009	0	0	71.44	5.48	$0
Nov 2009	0	0	74.59	3.75	$0
Oct 2009	0	13	72.54	4.11	$53
Sep 2009	0	0	65.54	3.06	$0
Aug 2009	0	0	67.42	3.22	$0
Jul 2009	0	0	61.13	3.46	$0
Jun 2009	0	0	66.16	3.90	$0
May 2009	0	0	54.74	3.93	$0
Apr 2009	180	0	46.77	3.59	$8,419
Mar 2009	0	0	42.14	4.06	$0
Feb 2009	0	507	32.81	4.63	$2,349
Jan 2009	199	721	35.86	5.37	$11,009
Dec 2008	395	1,072	37.10	5.98	$21,062
Nov 2008	197	720	55.49	6.86	$15,871
Oct 2008	187	631	75.24	6.92	$18,438
Sep 2008	390	635	101.76	7.88	$44,688
Aug 2008	386	286	114.22	8.48	$46,515
Jul 2008	192	94	131.08	11.39	$26,238
Jun 2008	386	590	131.33	13.03	$58,383
May 2008	0	535	123.17	11.57	$6,192
Apr 2008	195	348	110.31	10.45	$25,149
Mar 2008	0	285	101.90	9.66	$2,754
Feb 2008	0	284	92.53	8.77	$2,491
Jan 2008	195	372	90.38	8.21	$20,677
Dec 2007	0	637	88.33	7.30	$4,651
Nov 2007	195	442	91.67	7.29	$21,099
Oct 2007	0	443	82.85	6.92	$3,066
Sep 2007	0	490	75.84	6.24	$3,060
Aug 2007	193	483	69.06	6.39	$16,414
Jul 2007	1	462	70.90	6.39	$3,022
Jun 2007	194	462	62.00	7.55	$15,515
May 2007	0	470	58.74	7.85	$3,688
Apr 2007	202	475	59.61	7.81	$15,749
Mar 2007	0	461	56.92	7.30	$3,366
Feb 2007	197	383	55.10	8.22	$14,001
Jan 2007	1	533	50.30	6.73	$3,636
Dec 2006	0	926	56.65	6.92	$6,406
Nov 2006	184	653	54.20	7.62	$14,947
Oct 2006	0	556	54.90	6.01	$3,344
Sep 2006	178	531	60.08	5.04	$13,369
Aug 2006	0	534	68.71	7.34	$3,920
Jul 2006	182	550	69.37	6.34	$16,114
Jun 2006	1	522	66.28	6.38	$3,399
May 2006	0	582	66.01	6.42	$3,739
Apr 2006	184	540	64.39	7.36	$15,822
Mar 2006	0	619	56.70	7.08	$4,384
Feb 2006	117	586	57.59	7.75	$11,280
Jan 2006	2	649	60.59	8.93	$5,919
Dec 2005	182	647	54.94	13.42	$18,679
Nov 2005	0	650	54.69	10.59	$6,882
Oct 2005	155	751	58.34	13.80	$19,403
Sep 2005	150	765	61.45	12.08	$18,458
Aug 2005	192	1,014	61.51	9.80	$21,744
Jul 2005	2	449	55.69	7.84	$3,633
Jun 2005	49	0	52.33	7.38	$2,564
May 2005	0	87	45.22	6.65	$579
Apr 2005	181	401	49.20	7.36	$11,857
Mar 2005	0	500	50.37	7.15	$3,577
Feb 2005	177	471	45.22	6.31	$10,977
Jan 2005	1	538	43.16	6.32	$3,445
Dec 2004	176	562	39.86	6.75	$10,809
Nov 2004	1	553	45.28	6.33	$3,546
Oct 2004	175	567	49.70	6.52	$12,392
Sep 2004	0	514	43.24	5.28	$2,716
Aug 2004	176	536	42.37	5.55	$10,432
Jul 2004	0	526	38.28	6.08	$3,200
Jun 2004	187	547	36.10	6.43	$10,270
May 2004	181	579	37.48	6.49	$10,544
Apr 2004	0	509	34.47	5.86	$2,982
Mar 2004	176	558	34.36	5.53	$9,133
Feb 2004	1	540	32.45	5.51	$3,008
Jan 2004	185	622	32.03	6.30	$9,844
Dec 2003	1	635	30.26	6.30	$4,032
Nov 2003	183	600	28.80	4.60	$8,028
Oct 2003	178	617	28.17	4.76	$7,951
Sep 2003	179	658	26.31	4.75	$7,835
Aug 2003	0	688	29.76	5.13	$3,529
Jul 2003	186	747	29.41	5.17	$9,333
Jun 2003	187	660	28.56	5.98	$9,289
May 2003	3	467	26.59	5.97	$2,869
Apr 2003	181	473	26.67	5.41	$7,385
Mar 2003	3	561	31.14	6.10	$3,513
Feb 2003	181	635	33.48	7.93	$11,093
Jan 2003	183	778	30.31	5.58	$9,890
Dec 2002	190	830	26.91	4.85	$9,142
Nov 2002	0	807	24.66	4.14	$3,339
Oct 2002	0	877	26.46	4.23	$3,709
Sep 2002	338	874	27.44	3.64	$12,452
Aug 2002	180	873	25.96	3.16	$7,435
Jul 2002	0	903	24.58	3.06	$2,765
Jun 2002	176	945	23.73	3.34	$7,331
May 2002	0	1,008	24.66	3.58	$3,613
Apr 2002	359	973	23.65	3.51	$11,908
Mar 2002	0	1,001	22.00	3.10	$3,106
Feb 2002	0	891	18.22	2.38	$2,117
Jan 2002	178	900	17.17	2.38	$5,194
Dec 2001	182	1,131	16.93	2.36	$5,755
Nov 2001	179	1,109	18.07	2.41	$5,902
Oct 2001	182	984	19.78	2.53	$6,088
Sep 2001	181	1,077	24.26	2.25	$6,816
Aug 2001	178	1,036	24.87	3.05	$7,590
Jul 2001	0	1,191	23.93	3.20	$3,808
Jun 2001	179	1,139	24.56	3.82	$8,752
May 2001	0	1,231	25.52	4.31	$5,302
Apr 2001	355	1,165	24.68	5.34	$14,977
Mar 2001	0	1,321	24.54	5.38	$7,102
Feb 2001	360	1,042	27.75	5.77	$15,999
Jan 2001	0	1,352	27.47	8.40	$11,355
Dec 2000	356	1,670	26.88	9.12	$24,804
Nov 2000	364	1,931	32.21	5.66	$22,650
Oct 2000	196	1,302	31.23	5.15	$12,821
Sep 2000	183	543	31.87	5.19	$8,648
Aug 2000	0	630	29.64	4.54	$2,861
Jul 2000	0	1,289	28.53	4.09	$5,272
Jun 2000	345	1,248	29.30	4.40	$15,596
May 2000	0	1,305	27.26	3.68	$4,802
Apr 2000	359	1,294	24.51	3.12	$12,831
Mar 2000	0	1,307	28.42	2.86	$3,738
Feb 2000	186	1,296	27.62	2.73	$8,671
Jan 2000	181	1,310	25.27	2.48	$7,823
Dec 1999	358	1,454	24.28	2.42	$12,216
Nov 1999	0	1,379	23.19	2.43	$3,356
Oct 1999	358	1,457	20.98	2.80	$11,596
Sep 1999	0	1,436	21.75	2.62	$3,761
Aug 1999	354	1,429	19.26	2.88	$10,927
Jul 1999	0	1,585	17.89	2.37	$3,760
Jun 1999	357	1,645	15.94	2.36	$9,576
May 1999	346	1,656	15.79	2.32	$9,307
Apr 1999	182	1,597	15.10	2.21	$6,274
Mar 1999	0	1,677	12.47	1.84	$3,083
Feb 1999	0	1,595	9.98	1.82	$2,899
Jan 1999	358	2,244	10.38	1.90	$7,980
Dec 1998	359	2,487	9.20	1.77	$7,713
Nov 1998	183	2,465	10.89	2.19	$7,381
Oct 1998	0	2,185	12.42	1.97	$4,303
Sep 1998	354	1,961	12.59	2.08	$8,541
Aug 1998	178	2,072	11.30	1.91	$5,963
Jul 1998	346	2,114	11.74	2.24	$8,792
Jun 1998	355	2,458	11.24	2.24	$9,489
May 1998	0	1,898	12.62	2.21	$4,188
Apr 1998	357	2,258	13.04	2.51	$10,312
Mar 1998	360	2,189	12.80	2.31	$9,663
Feb 1998	360	2,054	13.95	2.30	$9,744
Jan 1998	362	2,079	14.70	2.15	$9,801
Dec 1997	0	2,374	16.32	2.41	$5,724
Nov 1997	549	4,692	18.19	3.09	$24,476
Oct 1997	0	3,794	19.25	3.15	$11,950
Sep 1997	715	3,226	17.74	2.95	$22,217
Aug 1997	0	2,860	17.86	2.55	$7,307
Jul 1997	530	2,743	17.58	2.25	$15,481
Jun 1997	182	2,457	17.24	2.26	$8,684
May 1997	185	2,760	18.97	2.31	$9,881
Apr 1997	358	2,618	17.88	2.08	$11,854
Mar 1997	182	2,819	18.95	1.94	$8,915
Feb 1997	359	2,726	20.49	2.21	$13,369
Jan 1997	370	3,595	23.48	3.54	$21,413
Dec 1996	729	3,668	23.32	—	$17,000
Nov 1996	0	2,937	21.97	—	$0
Oct 1996	378	4,539	23.31	—	$8,811
Sep 1996	702	4,551	22.22	—	$15,598
Aug 1996	350	4,438	20.26	—	$7,091
Jul 1996	549	4,970	19.55	—	$10,733
Jun 1996	528	5,122	18.73	—	$9,889
May 1996	387	5,237	19.43	—	$7,519
Apr 1996	738	4,160	21.51	—	$15,874
Mar 1996	372	3,857	19.38	—	$7,209
Feb 1996	544	4,724	16.98	—	$9,237
Jan 1996	740	5,087	17.07	—	$12,632
Dec 1995	740	5,289	17.19	—	$12,721
Nov 1995	1,288	5,017	16.00	—	$20,608
Oct 1995	543	4,283	15.43	—	$8,378
Sep 1995	360	2,861	16.18	—	$5,825
Aug 1995	378	3,188	15.92	—	$6,018
Jul 1995	350	4,100	15.24	—	$5,334
Jun 1995	713	4,492	16.41	—	$11,700
May 1995	934	6,350	17.56	—	$16,401
Apr 1995	1,113	6,452	17.73	—	$19,733
Mar 1995	561	6,812	16.44	—	$9,223
Feb 1995	721	6,656	16.58	—	$11,954
Jan 1995	1,103	8,075	15.92	—	$17,560
Dec 1994	1,091	8,423	15.03	—	$16,398
Nov 1994	1,097	9,038	15.90	—	$17,442
Oct 1994	741	8,329	15.58	—	$11,545
Sep 1994	1,259	9,976	15.29	—	$19,250
Aug 1994	1,801	12,317	16.13	—	$29,050
Jul 1994	2,319	14,345	17.56	—	$40,722
Jun 1994	1,802	8,810	17.09	—	$30,796
May 1994	1,810	10,053	15.88	—	$28,743
Apr 1994	1,982	8,932	14.14	—	$28,025
Mar 1994	2,008	6,991	12.46	—	$25,020
Feb 1994	2,186	7,064	12.50	—	$27,325
Jan 1994	3,063	10,460	12.66	—	$38,778
Dec 1993	4,158	11,950	12.33	—	$51,268
Nov 1993	4,868	15,325	14.49	—	$70,537
Oct 1993	7,502	23,084	15.85	—	$118,907
Sep 1993	10,308	27,046	15.03	—	$154,929
Aug 1993	20,829	49,163	15.66	—	$326,182
Jul 1993	25,789	63,381	15.46	—	$398,698
Jun 1993	5,463	12,128	16.79	—	$91,724

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.

Oct 2009 — as filed, then multipliedworked

Oil                    0 bbl  × $ 72.54 =         $0
Casinghead gas        13 Mcf  × $  4.11 =        $53

────────────────────────────────────────────────────
Month total                                      $53

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/22092 is the state's own key, not one this site invented.