VIRGINIA OL 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 22240District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$5.0 M
Dec 1993 – May 2026
Value, last 12 filed months
$80 k
at the published price for each month
Months reported
390
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
OilDisposition184,017 bbl$4,308,400
Casinghead gasProduction329,489 Mcf$674,349
Total$4,982,748

147,003 Mcf of this lease's gas, across 37 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 30.2031, -96.9561. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.20312, -96.95614 · 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
11,775 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 11,775 ft.

Completions filed
Dec 1993
1 of 1 wells

1 well

42-28732400111,775 ftDec 1993

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 (390)

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

390 months

May 20260164106.413.05$500
Apr 202616820698.932.87$17,211
Mar 2026018689.753.15$586
Feb 2026010763.503.75$401
Jan 202617624559.138.00$12,366
Dec 2025121856.664.41$1,019
Nov 202517024258.593.93$10,911
Oct 202516923559.383.30$10,812
Sep 2025136962.743.08$1,198
Aug 202517817463.933.01$11,904
Jul 202517819166.743.32$12,513
Jun 2025224966.483.13$912
May 202516027460.553.23$10,574
Apr 202518220462.363.54$12,072
Mar 20251763167.704.27$12,048
Feb 202586570.884.34$849
Jan 20251074.324.28$74
Dec 202405068.993.12$156
Nov 202416413669.052.20$11,623
Oct 2024115971.372.28$434
Sep 202409969.612.36$234
Aug 202417113675.632.06$13,213
Jul 202409379.932.15$200
Jun 202418021778.082.63$14,626
May 202402078.812.20$44
Apr 202402984.451.66$48
Mar 2024013380.301.55$206
Feb 2024013176.091.78$234
Jan 202418113573.023.30$13,662
Dec 2023111971.262.61$382
Nov 2023016777.892.81$469
Oct 202316824085.443.09$15,095
Sep 2023027489.042.74$749
Aug 2023012780.522.67$339
Jul 202317914674.852.64$13,784
Jun 2023114568.962.26$396
May 202317913570.622.23$12,942
Apr 2023015278.122.24$340
Mar 2023114272.852.39$413
Feb 2023014575.112.47$358
Jan 202315922076.533.39$12,914
Dec 2022013676.415.73$779
Nov 202218413085.005.65$16,374
Oct 2022012987.185.86$756
Sep 2022018484.888.16$1,502
Aug 202218315794.529.13$18,730
Jul 20220180101.587.54$1,358
Jun 20220187115.097.98$1,492
May 2022167372109.378.43$21,402
Apr 2022192278104.226.84$21,911
Mar 2022169138108.885.08$19,101
Feb 202205191.054.86$248
Jan 202206681.844.54$299
Dec 202106771.323.90$261
Nov 202104177.435.24$215
Oct 202103979.795.71$223
Sep 202116418669.865.35$12,452
Aug 2021021666.024.22$912
Jul 202116124470.783.98$12,367
Jun 2021025269.493.38$852
May 202117928963.483.02$12,235
Apr 2021019460.362.76$535
Mar 202136631261.302.72$23,283
Feb 2021017657.805.55$976
Jan 2021025650.412.81$719
Dec 2020028444.642.68$760
Nov 202017736838.772.71$7,858
Oct 202017838536.972.48$7,535
Sep 2020032637.091.99$649
Aug 202018220939.982.39$7,775
Jul 2020020538.371.83$374
Jun 202017819934.901.69$6,549
May 2020025616.921.81$465
Apr 202018222714.751.80$3,094
Mar 202018225230.341.86$5,990
Feb 2020030749.881.98$608
Jan 202016939957.252.09$10,511
Dec 201917932159.012.30$11,302
Nov 201917939955.302.75$10,996
Oct 2019049353.472.42$1,192
Sep 201936645055.052.66$21,344
Aug 201917763553.112.30$10,864
Jul 201971248656.272.46$41,260
Jun 201918040152.782.49$10,499
May 201917823858.482.74$11,062
Apr 201936448162.632.75$24,120
Mar 201935851156.803.06$21,899
Feb 201937051250.852.79$20,244
Jan 2019727446.033.23$33,477
Dec 20188943146.594.19$41,781
Nov 20181,63324752.934.24$87,481
Oct 20181,25641961.443.40$78,592
Sep 201854229659.543.11$33,191
Aug 201817220659.403.07$10,849
Jul 2018010365.142.93$302
Jun 2018010560.183.08$323
May 2018010365.382.90$299
Apr 20181889963.842.90$12,289
Mar 2018014961.222.79$415
Feb 201808461.782.77$232
Jan 20181784562.874.01$11,371
Dec 2017014657.272.92$427
Nov 2017020955.423.12$652
Oct 2017017349.292.98$516
Sep 2017018247.523.09$562
Aug 201718320545.373.00$8,919
Jul 201704643.873.09$142
Jun 201703642.493.09$111
May 201707045.373.26$228
Apr 201719419247.933.21$9,915
Mar 2017014046.772.98$418
Feb 2017015050.452.95$443
Jan 201718313349.413.42$9,497
Dec 2016021148.763.72$786
Nov 2016015542.492.64$410
Oct 2016010646.193.09$328
Sep 201617824541.553.10$8,156
Aug 2016020041.442.92$585
Jul 201618020241.622.92$8,082
Jun 2016020145.352.69$540
May 2016020642.521.99$410
Apr 201617925436.561.99$7,050
Mar 2016019833.011.79$355
Feb 2016017626.472.06$363
Jan 2016028927.352.36$683
Dec 201517924732.362.00$6,287
Nov 2015023338.792.17$505
Oct 2015018743.552.43$454
Sep 201518421042.992.76$8,489
Aug 2015020540.162.87$589
Jul 201518517848.152.95$9,432
Jun 2015012656.152.88$363
May 2015016855.212.96$497
Apr 201518815649.822.71$9,788
Mar 201509542.892.93$279
Feb 2015015444.662.98$458
Jan 201509243.433.10$285
Dec 201418022354.693.59$10,645
Nov 2014023970.464.25$1,016
Oct 2014012678.303.90$492
Sep 201418921586.164.05$17,154
Aug 2014027689.394.04$1,114
Jul 201417612996.564.18$17,534
Jun 2014015398.164.74$725
May 201419019194.734.73$18,901
Apr 2014028395.944.81$1,361
Mar 201418910095.895.06$18,629
Feb 2014013397.406.19$824
Jan 201418420290.404.86$17,615
Dec 2013025191.824.35$1,093
Nov 201317520788.853.74$16,323
Oct 2013021997.423.78$828
Sep 20130239104.113.72$889
Aug 2013174249104.253.52$19,017
Jul 2013180423102.523.72$20,026
Jun 20130794.403.93$28
May 201302094.834.15$83
Apr 201301693.964.28$69
Mar 201318111393.623.91$17,387
Feb 2013017391.233.42$592
Jan 2013021891.603.42$746
Dec 201218315486.773.42$16,406
Nov 2012022086.953.62$797
Oct 201218119089.383.40$16,824
Sep 2012018994.672.92$552
Aug 201218314992.662.91$17,390
Jul 2012020785.133.02$625
Jun 2012021579.822.52$542
May 201217927791.612.49$17,087
Apr 20120190101.652.00$379
Mar 2012180165105.052.22$19,276
Feb 201200101.102.57$0
Jan 2012016098.092.73$437
Dec 201117524396.873.24$17,740
Nov 2011017895.723.31$589
Oct 201118420384.983.65$16,377
Sep 2011028383.623.99$1,128
Aug 2011022883.404.15$946
Jul 201107694.144.52$343
Jun 201118211192.904.64$17,423
May 2011030498.134.40$1,339
Apr 20110141105.964.33$611
Mar 20111828396.364.06$17,874
Feb 2011017785.644.18$740
Jan 2011021086.504.59$964
Dec 201018229085.734.35$16,864
Nov 2010021180.843.80$801
Oct 2010027878.103.51$975
Sep 201018114472.633.98$13,719
Aug 2010015573.684.42$685
Jul 2010013372.554.74$630
Jun 201018121070.364.91$13,766
May 2010015671.124.24$661
Apr 20101809081.694.12$15,075
Mar 201008478.394.39$369
Feb 201007673.585.44$414
Jan 201004574.365.96$268
Dec 20091793471.445.48$12,974
Nov 2009015374.593.75$574
Oct 200918534172.544.11$14,822
Sep 2009032365.543.06$990
Aug 200936340967.423.22$25,790
Jul 2009036661.133.46$1,268
Jun 2009023666.163.90$919
May 2009014954.743.93$585
Apr 200918916546.773.59$9,431
Mar 2009019242.144.06$779
Feb 200919620532.814.63$7,381
Jan 200919725535.865.37$8,434
Dec 2008018337.105.98$1,094
Nov 200819612955.496.86$11,761
Oct 2008018475.246.92$1,274
Sep 2008044101.767.88$347
Aug 2008195740114.228.48$28,550
Jul 20083861,175131.0811.39$63,979
Jun 20080235131.3313.03$3,063
May 20080131123.1711.57$1,516
Apr 2008196152110.3110.45$23,210
Mar 20080184101.909.66$1,778
Feb 200819516492.538.77$19,482
Jan 200819627090.388.21$19,930
Dec 2007027288.337.30$1,986
Nov 200719534391.677.29$20,377
Oct 2007029882.856.92$2,063
Sep 2007032775.846.24$2,042
Aug 200719024869.066.39$14,706
Jul 200719930970.906.39$16,083
Jun 2007029962.007.55$2,257
May 200718534858.747.85$13,597
Apr 200718322159.617.81$12,634
Mar 2007016156.927.30$1,176
Feb 200718618755.108.22$11,785
Jan 2007137850.306.73$2,593
Dec 200618339056.656.92$13,065
Nov 2006035454.207.62$2,697
Oct 200618233454.906.01$12,000
Sep 200617526560.085.04$11,849
Aug 2006133468.717.34$2,520
Jul 200616836469.376.34$13,963
Jun 2006036866.286.38$2,349
May 200617543566.016.42$14,347
Apr 200618236264.397.36$14,383
Mar 2006133156.707.08$2,401
Feb 200618742657.597.75$14,071
Jan 200618634560.598.93$14,352
Dec 200518040254.9413.42$15,282
Nov 2005046754.6910.59$4,945
Oct 200517751258.3413.80$17,390
Sep 2005030561.4512.08$3,684
Aug 200517840761.519.80$14,936
Jul 200517847555.697.84$13,639
Jun 200517943352.337.38$12,563
May 200517936545.226.65$10,522
Apr 200518740849.207.36$12,203
Mar 2005043650.377.15$3,120
Feb 200516430745.226.31$9,354
Jan 200518235143.166.32$10,074
Dec 200419650939.866.75$11,249
Nov 20047352145.286.33$6,604
Oct 200417341749.706.52$11,315
Sep 200418023443.245.28$9,020
Aug 200418139342.375.55$9,850
Jul 2004154738.286.08$3,366
Jun 200417552136.106.43$9,669
May 200418640737.486.49$9,615
Apr 200417148534.475.86$8,736
Mar 200418855634.365.53$9,534
Feb 200419249032.455.51$8,930
Jan 2004050832.036.30$3,200
Dec 200336754930.266.30$14,565
Nov 200318456728.804.60$7,905
Oct 2003159428.174.76$2,855
Sep 200351250926.314.75$15,888
Aug 200318352029.765.13$8,114
Jul 2003166429.415.17$3,463
Jun 200317165828.565.98$8,821
May 200317077126.595.97$9,125
Apr 200317287026.675.41$9,292
Mar 200317430131.146.10$7,253
Feb 200334668633.487.93$17,021
Jan 200317369330.315.58$9,112
Dec 200217275126.914.85$8,274
Nov 200217375424.664.14$7,385
Oct 200234478526.464.23$12,422
Sep 200217183427.443.64$7,724
Aug 200233487825.963.16$11,449
Jul 200217496224.583.06$7,222
Jun 200251284723.733.34$14,977
May 20023391,03824.663.58$12,080
Apr 200216989023.653.51$7,123
Mar 200250699822.003.10$14,229
Feb 200201,09418.222.38$2,599
Jan 20023511,42717.172.38$9,417
Dec 20013422,01616.932.36$10,557
Nov 20013442,35218.072.41$11,874
Oct 20015162,39519.782.53$16,263
Sep 200151675524.262.25$14,218
Aug 20011713324.873.05$4,354
Jul 20013381,12323.933.20$11,679
Jun 20015091,16424.563.82$16,952
May 20016761,23025.524.31$22,550
Apr 20016711,49824.685.34$24,553
Mar 20015242,25924.545.38$25,004
Feb 20013661,81327.755.77$20,612
Jan 20018891,38927.478.40$36,087
Dec 200073435226.889.12$22,941
Nov 200018125332.215.66$7,261
Oct 200034890331.235.15$15,514
Sep 20003621,18731.875.19$17,693
Aug 2000025629.644.54$1,162
Jul 200017355528.534.09$7,206
Jun 200017250329.304.40$7,251
May 200015157127.263.68$6,217
Apr 200018959924.513.12$6,499
Mar 200019860928.422.86$7,369
Feb 200017965127.622.73$6,719
Jan 200016574725.272.48$6,022
Dec 199915672724.282.42$5,550
Nov 199916677023.192.43$5,724
Oct 199918379720.982.80$6,074
Sep 199917675921.752.62$5,816
Aug 199936487519.262.88$9,527
Jul 199917584717.892.37$5,140
Jun 199919688515.942.36$5,215
May 199938273615.792.32$7,740
Apr 19993851,04615.102.21$8,123
Mar 199901,20412.471.84$2,213
Feb 19993641,4569.981.82$6,279
Jan 19993861,71110.381.90$7,257
Dec 199801,6289.201.77$2,887
Nov 19981951,58810.892.19$5,594
Oct 199819783612.421.97$4,093
Sep 199818011412.592.08$2,504
Aug 199818688811.301.91$3,796
Jul 19981912,13911.742.24$7,028
Jun 19981952,38011.242.24$7,517
May 19983612,66412.622.21$10,434
Apr 19983752,47713.042.51$11,096
Mar 19983863,15412.802.31$12,225
Feb 19981912,62413.952.30$8,697
Jan 19985603,21014.702.15$15,149
Dec 19973823,58416.322.41$14,876
Nov 19973813,87118.193.09$18,885
Oct 19975393,69219.253.15$22,005
Sep 19973584,11417.742.95$18,507
Aug 19975484,19217.862.55$20,497
Jul 19975273,29417.582.25$16,666
Jun 19973633,16217.242.26$13,395
May 19975813,19118.972.31$18,388
Apr 19975502,82817.882.08$15,724
Mar 19975702,82218.951.94$16,274
Feb 19979713,01620.492.21$26,549
Jan 19979432,94723.483.54$32,573
Dec 19961,1523,30923.32$26,865
Nov 19961,1592,76021.97$25,463
Oct 19969712,66423.31$22,634
Sep 19961,0722,47522.22$23,820
Aug 19961,1452,61020.26$23,198
Jul 19961,1342,72419.55$22,170
Jun 19961,8482,14418.73$34,613
May 19961,1251,86019.43$21,859
Apr 19961,7151,02321.51$36,890
Mar 19961,5291,03419.38$29,632
Feb 199637945716.98$6,435
Jan 199638434417.07$6,555
Dec 199575952817.19$13,047
Nov 19951,1511,20116.00$18,416
Oct 19959591,48715.43$14,797
Sep 19951,13875616.18$18,413
Aug 199573882215.92$11,749
Jul 19951,1401,48915.24$17,374
Jun 19957541,37216.41$12,373
May 19951,4851,43817.56$26,077
Apr 19957321,48817.73$12,978
Mar 19952,0673,80016.44$33,981
Feb 19951,8832816.58$31,220
Jan 19952,0715,20615.92$32,970
Dec 19942,2165,11315.03$33,306
Nov 19942,4014,88515.90$38,176
Oct 19943,7174,78915.58$57,911
Sep 19947331,07015.29$11,208
Aug 19941,9962,67416.13$32,195
Jul 19942,8654,61917.56$50,309
Jun 19943,9998,51617.09$68,343
May 19944,97911,69915.88$79,067
Apr 19949,42311,55314.14$133,241
Mar 199412,13013,90512.46$151,140
Feb 199412,77411,62012.50$159,675
Jan 199422,92213,71312.66$290,193
Dec 199319,0999,82812.33$235,491

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                    0 bbl  × $106.41 =         $0
Casinghead gas       164 Mcf  × $  3.05 =       $500

────────────────────────────────────────────────────
Month total                                     $500

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/22240 is the state's own key, not one this site invented.