HEMATITE 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 22483District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$10.4 M
Aug 1994 – May 2026
Value, last 12 filed months
$13 k
at the published price for each month
Months reported
382
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
OilDisposition231,255 bbl$6,765,074
Casinghead gasProduction2,120,151 Mcf$3,635,714
Total$10,400,788

1,162,437 Mcf of this lease's gas, across 29 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 30.0527, -96.8314. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.05268, -96.83144 · 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
14,200 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 14,200 ft.

Completions filed
Aug 1994
1 of 1 wells

1 well

42-14932871114,200 ftAug 1994

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 (382)

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

382 months

May 2026059106.413.05$180
Apr 20260898.932.87$23
Mar 202601189.753.15$35
Feb 20260763.503.75$26
Jan 20260959.138.00$72
Dec 20250856.664.41$35
Nov 202501258.593.93$47
Oct 202505759.383.30$188
Sep 20251749762.743.08$11,215
Aug 202505263.933.01$157
Jul 202501966.743.32$63
Jun 2025024866.483.13$776
May 2025033960.553.23$1,096
Apr 2025037562.363.54$1,329
Mar 2025035367.704.27$1,507
Feb 2025042470.884.34$1,841
Jan 2025021774.324.28$928
Dec 2024031468.993.12$980
Nov 2024040969.052.20$899
Oct 202417946671.372.28$13,838
Sep 2024042969.612.36$1,014
Aug 2024068375.632.06$1,409
Jul 2024073579.932.15$1,578
Jun 202417764078.082.63$15,506
May 2024052778.812.20$1,159
Apr 202408984.451.66$148
Mar 20241694680.301.55$13,642
Feb 202401076.091.78$18
Jan 202404473.023.30$145
Dec 2023013371.262.61$347
Nov 20231806077.892.81$14,189
Oct 202303085.443.09$93
Sep 2023053989.042.74$1,474
Aug 202317591080.522.67$16,523
Jul 2023035874.852.64$946
Jun 2023022968.962.26$517
May 2023011970.622.23$265
Apr 202308378.122.24$186
Mar 202306272.852.39$148
Feb 202304575.112.47$111
Jan 202305876.533.39$196
Dec 20220076.415.73$0
Nov 202202085.005.65$113
Oct 20220087.185.86$0
Sep 20221084.888.16$85
Aug 202204094.529.13$365
Jul 2022170618101.587.54$21,930
Jun 2022179783115.097.98$26,847
May 20220816109.378.43$6,881
Apr 2022178720104.226.84$23,474
Mar 20220322108.885.08$1,635
Feb 202217944691.054.86$18,465
Jan 2022152981.844.54$2,482
Dec 202118335271.323.90$14,424
Nov 2021029977.435.24$1,566
Oct 20211821,52579.795.71$23,235
Sep 20213561,93869.865.35$35,240
Aug 20211781,96566.024.22$20,045
Jul 20211801,34570.783.98$18,096
Jun 20213593,15769.493.38$35,620
May 20215313,76763.483.02$45,075
Apr 20211741,26260.362.76$13,984
Mar 20210061.302.72$0
Feb 202109457.805.55$522
Jan 2021018950.412.81$531
Dec 20208010444.642.68$3,849
Nov 202007638.772.71$206
Oct 202007936.972.48$196
Sep 2020017837.091.99$354
Aug 2020053739.982.39$1,281
Jul 202017782238.371.83$8,292
Jun 2020082634.901.69$1,396
May 202001616.921.81$29
Apr 2020034314.751.80$619
Mar 2020035330.341.86$655
Feb 2020028149.881.98$557
Jan 202018447857.252.09$11,535
Dec 2019067559.012.30$1,555
Nov 201918058555.302.75$11,563
Oct 2019045253.472.42$1,093
Sep 201913658055.052.66$9,028
Aug 2019056253.112.30$1,295
Jul 20191771,10156.272.46$12,668
Jun 20191771,06552.782.49$11,995
May 20196183658.482.74$5,858
Apr 20191781,31662.632.75$14,768
Mar 201917759356.803.06$11,869
Feb 2019055550.852.79$1,550
Jan 20197236746.033.23$4,499
Dec 2018025746.594.19$1,076
Nov 2018070652.934.24$2,991
Oct 201811,16261.443.40$4,010
Sep 20183541,76559.543.11$26,563
Aug 201811,99759.403.07$6,183
Jul 20183532,16765.142.93$29,348
Jun 2018095460.183.08$2,935
May 2018055665.382.90$1,613
Apr 20181861,41963.842.90$15,990
Mar 20181872,46561.222.79$18,318
Feb 20181781,16661.782.77$14,222
Jan 201818587662.874.01$15,143
Dec 201701,42057.272.92$4,149
Nov 20171792,89855.423.12$18,957
Oct 20171823,28749.292.98$18,778
Sep 201718099747.523.09$11,632
Aug 201701,31845.373.00$3,960
Jul 20171791,36743.873.09$12,073
Jun 20171811,59742.493.09$12,621
May 201702,14445.373.26$6,997
Apr 20171832,09147.933.21$15,487
Mar 20171741,86246.772.98$13,694
Feb 20172821,80950.452.95$19,568
Jan 201701,82949.413.42$6,253
Dec 20161871,74248.763.72$15,603
Nov 20161912,46342.492.64$14,629
Oct 201622,54546.193.09$7,957
Sep 20161652,74441.553.10$15,364
Aug 20161813,07841.442.92$16,502
Jul 20161773,44741.622.92$17,447
Jun 20161803,38145.352.69$17,244
May 20161823,06042.521.99$13,831
Apr 20161732,48336.561.99$11,269
Mar 20161731,78833.011.79$8,918
Feb 201602,34926.472.06$4,847
Jan 20161882,56327.352.36$11,202
Dec 20151771,42232.362.00$8,574
Nov 201501,81838.792.17$3,940
Oct 20151872,55043.552.43$14,332
Sep 20151732,18842.992.76$13,473
Aug 201502,45140.162.87$7,040
Jul 20151813,64248.152.95$19,441
Jun 20151923,48256.152.88$20,819
May 20151753,47155.212.96$19,920
Apr 20151883,57149.822.71$19,031
Mar 20151752,74542.892.93$15,562
Feb 20151812,29644.662.98$14,917
Jan 201502,08243.433.10$6,456
Dec 20141922,79754.693.59$20,546
Nov 20141882,48470.464.25$23,808
Oct 20141842,23278.303.90$23,114
Sep 20141911,97286.164.05$24,434
Aug 20142771,88289.394.04$32,355
Jul 201401,75196.564.18$7,318
Jun 20141842,53198.164.74$30,050
May 20141862,74194.734.73$30,575
Apr 20141942,24695.944.81$29,414
Mar 20143562,00595.895.06$44,276
Feb 201401,08797.406.19$6,731
Jan 20141961,73790.404.86$26,161
Dec 20131951,93691.824.35$26,335
Nov 20131752,14388.853.74$23,560
Oct 20131782,61897.423.78$27,235
Sep 20131912,487104.113.72$29,131
Aug 20131822,712104.253.52$28,527
Jul 20133662,078102.523.72$45,248
Jun 20131882,19994.403.93$26,397
May 20131782,71594.834.15$28,144
Apr 20131811,66593.964.28$24,137
Mar 20131852,41793.623.91$26,777
Feb 20133883,58991.233.42$47,671
Jan 20131932,79091.603.42$27,220
Dec 20121871,92986.773.42$22,823
Nov 201201,43186.953.62$5,187
Oct 20121872,21489.383.40$24,241
Sep 20121922,13494.672.92$24,405
Aug 20121851,79892.662.91$22,371
Jul 20121872,42885.133.02$23,254
Jun 20121842,26479.822.52$20,390
May 20121852,20391.612.49$22,430
Apr 20123662,153101.652.00$41,503
Mar 20121942,002105.052.22$24,828
Feb 20121951,855101.102.57$24,482
Jan 20121932,09498.092.73$24,657
Dec 20111951,69296.873.24$24,371
Nov 20111911,80595.723.31$24,259
Oct 20111902,02184.983.65$23,520
Sep 20111822,15883.623.99$23,820
Aug 20111692,24883.404.15$23,422
Jul 20113692,30694.144.52$45,154
Jun 20111872,70492.904.64$29,919
May 20111911,87398.134.40$26,993
Apr 20113742,995105.964.33$52,607
Mar 20111832,48996.364.06$27,733
Feb 201117983885.644.18$18,832
Jan 20111911,58286.504.59$23,781
Dec 20103752,32485.734.35$42,253
Nov 20103741,84380.843.80$37,229
Oct 20101922,05078.103.51$22,188
Sep 20101912,33672.633.98$23,168
Aug 20103672,48473.684.42$38,018
Jul 20103612,56672.554.74$38,344
Jun 20101943,01270.364.91$28,440
May 20103642,89471.124.24$38,144
Apr 20103742,22681.694.12$39,729
Mar 20103823,38878.394.39$44,814
Feb 20103813,34473.585.44$46,233
Jan 20101913,23574.365.96$33,497
Dec 20095753,34271.445.48$59,405
Nov 20091931,74074.593.75$20,923
Oct 20091932,87572.544.11$25,817
Sep 20093833,95365.543.06$37,217
Aug 20091874,34367.423.22$26,585
Jul 20093582,64161.133.46$31,034
Jun 20093672,56666.163.90$34,275
May 20091893,21754.743.93$22,975
Apr 2009172046.773.59$8,044
Mar 20091781,21142.144.06$12,416
Feb 20093811,21332.814.63$18,120
Jan 20091781,63935.865.37$15,186
Dec 20081961,76337.105.98$17,809
Nov 20083702,11855.496.86$35,062
Oct 20081831,93775.246.92$27,177
Sep 20083852,242101.767.88$56,838
Aug 20081862,289114.228.48$40,663
Jul 20085692,665131.0811.39$104,937
Jun 20083772,461131.3313.03$81,585
May 20083842,399123.1711.57$75,064
Apr 20083792,543110.3110.45$68,394
Mar 20085752,057101.909.66$78,471
Feb 20083831,17792.538.77$45,762
Jan 20085592,74590.388.21$73,047
Dec 20073513,12588.337.30$53,822
Nov 20075643,53291.677.29$77,456
Oct 20075513,06482.856.92$66,859
Sep 20075582,56775.846.24$58,347
Aug 20073731,39069.066.39$34,639
Jul 20073581,83770.906.39$37,117
Jun 20075612,02362.007.55$50,053
May 20073682,10358.747.85$38,117
Apr 20077222,31159.617.81$61,076
Mar 20071,1133,98256.927.30$92,428
Feb 20079352,64455.108.22$73,242
Jan 20079361,90150.306.73$59,869
Dec 20069302,04056.656.92$66,798
Nov 20067501,32454.207.62$50,736
Oct 20067481,07254.906.01$47,512
Sep 2006010860.085.04$544
Aug 200602268.717.34$161
Jul 2006111569.376.34$799
Jun 20061066.286.38$66
May 20063361,65766.016.42$32,826
Apr 20061661,71364.397.36$23,297
Mar 20061701,75856.707.08$22,091
Feb 20061731,53357.597.75$21,846
Jan 20061721,93160.598.93$27,672
Dec 20051822,22754.9413.42$39,875
Nov 20053551,35054.6910.59$33,709
Oct 20051662,55158.3413.80$44,877
Sep 20051522,12661.4512.08$35,020
Aug 20051482,92361.519.80$37,740
Jul 20053312,20555.697.84$35,729
Jun 20051682,10352.337.38$24,314
May 20051762,37645.226.65$23,762
Apr 20051851,99949.207.36$23,816
Mar 20051811,74150.377.15$21,574
Feb 200501,19645.226.31$7,549
Jan 20051761,32643.166.32$15,979
Dec 200401,44239.866.75$9,735
Nov 20045,4891,87045.286.33$260,380
Oct 2004338049.706.52$16,799
Sep 20041741,89443.245.28$17,531
Aug 2004170042.375.55$7,203
Jul 2004157038.286.08$6,010
Jun 20041721,73636.106.43$17,377
May 2004322037.486.49$12,069
Apr 2004164034.475.86$5,653
Mar 20041812,16534.365.53$18,192
Feb 20043742,01632.455.51$23,244
Jan 20043542,04132.036.30$24,196
Dec 20031892,12330.266.30$19,098
Nov 20031862,02328.804.60$14,653
Oct 20031851,97728.174.76$14,621
Sep 20031862,52226.314.75$16,872
Aug 200302,13129.765.13$10,931
Jul 2003176029.415.17$5,176
Jun 20031872,29128.565.98$19,048
May 20031812,61326.595.97$20,419
Apr 200302,45526.675.41$13,275
Mar 20031772,48231.146.10$20,642
Feb 20031762,25433.487.93$23,757
Jan 20031812,99630.315.58$22,210
Dec 20021913,19426.914.85$20,643
Nov 20021763,06824.664.14$17,032
Oct 20021623,42226.464.23$18,759
Sep 20021793,53927.443.64$17,777
Aug 20023493,59125.963.16$20,423
Jul 200203,53224.583.06$10,814
Jun 20021783,91123.733.34$17,280
May 20021794,07524.663.58$19,019
Apr 20021764,09023.653.51$18,528
Mar 20021864,37722.003.10$17,673
Feb 20021804,03418.222.38$12,863
Jan 20021784,72717.172.38$14,286
Dec 20013604,59716.932.36$16,964
Nov 20011804,26418.072.41$13,510
Oct 20011774,80319.782.53$15,647
Sep 20011804,85924.262.25$15,306
Aug 20011824,45224.873.05$18,119
Jul 20013574,85323.933.20$24,058
Jun 200104,36424.563.82$16,689
May 20013614,75725.524.31$29,703
Apr 20013725,00724.685.34$35,895
Mar 20013625,04124.545.38$35,986
Feb 200114,91027.755.77$28,344
Jan 20013675,31427.478.40$54,713
Dec 20003655,21926.889.12$57,422
Nov 20001825,16232.215.66$35,069
Oct 200005,60631.235.15$28,846
Sep 20003555,88631.875.19$41,842
Aug 20001785,95329.644.54$32,307
Jul 20001806,32428.534.09$30,999
Jun 20003556,93329.304.40$40,888
May 20007217,72227.263.68$48,069
Apr 20001,0726,83424.513.12$47,569
Mar 20005482,98528.422.86$24,111
Feb 20007096,09527.622.73$36,201
Jan 20007326,60225.272.48$34,874
Dec 19999146,54724.282.42$38,060
Nov 19995413,62023.192.43$21,357
Oct 19997405,10420.982.80$29,835
Sep 19991794,85721.752.62$16,613
Aug 19997135,14119.262.88$28,516
Jul 19997105,27017.892.37$25,204
Jun 19997135,73215.942.36$24,905
May 19995365,55215.792.32$21,350
Apr 19993545,02615.102.21$16,443
Mar 19995385,34812.471.84$16,540
Feb 19995505,8099.981.82$16,049
Jan 19997375,66710.381.90$18,417
Dec 19987236,0899.201.77$17,449
Nov 19981,0845,87710.892.19$24,650
Oct 19987088,12712.421.97$24,797
Sep 19985295,26312.592.08$17,621
Aug 19987086,39611.301.91$20,200
Jul 19985376,25511.742.24$20,299
Jun 19983575,74911.242.24$16,875
May 19985447,34212.622.21$23,064
Apr 19983566,91013.042.51$21,954
Mar 19983487,65312.802.31$22,129
Feb 19987239,36713.952.30$31,622
Jan 199872411,18114.702.15$34,736
Dec 199772711,10016.322.41$38,628
Nov 19971,08412,08718.193.09$57,046
Oct 19971,07215,57919.253.15$69,707
Sep 19971,24817,65017.742.95$74,293
Aug 19972,30824,40617.862.55$103,572
Jul 19971,0609,91717.582.25$40,918
Jun 19971,24715,79817.242.26$57,158
May 19971,61816,77018.972.31$69,407
Apr 19971,27316,23717.882.08$56,579
Mar 19971,64517,34918.951.94$64,815
Feb 19971,64416,43320.492.21$69,935
Jan 19971,84918,88023.483.54$110,244
Dec 19961,84919,15623.32$43,119
Nov 19961,81619,35621.97$39,898
Oct 19961,83220,99823.31$42,704
Sep 19961,97821,21322.22$43,951
Aug 19962,17021,91620.26$43,964
Jul 19962,51323,26819.55$49,129
Jun 19962,14223,18718.73$40,120
May 19962,11026,53219.43$40,997
Apr 19962,68527,92021.51$57,754
Mar 19962,52530,33219.38$48,935
Feb 19961,80628,57716.98$30,666
Jan 19962,54532,50217.07$43,443
Dec 19952,89533,15417.19$49,765
Nov 19952,52030,24116.00$40,320
Oct 19952,88630,80515.43$44,531
Sep 19952,54731,70516.18$41,210
Aug 19952,88334,28015.92$45,897
Jul 19953,77635,79515.24$57,546
Jun 19953,20937,41916.41$52,660
May 19954,42241,39917.56$77,650
Apr 19954,93943,31717.73$87,568
Mar 19955,46948,34116.44$89,910
Feb 19955,42349,56916.58$89,913
Jan 19956,63360,79015.92$105,597
Dec 19947,83369,82015.03$117,730
Nov 19949,09480,89215.90$144,595
Oct 199410,69392,32515.58$166,597
Sep 199415,28680,82215.29$233,723
Aug 199417,06266,80616.13$275,210

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        59 Mcf  × $  3.05 =       $180

────────────────────────────────────────────────────
Month total                                     $180

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/22483 is the state's own key, not one this site invented.