BI-COUNTY UNIT 1

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 22831District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$15.5 M
Jun 1995 – May 2026
Value, last 12 filed months
$324 k
at the published price for each month
Months reported
372
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
OilDisposition362,527 bbl$14,697,313
Casinghead gasProduction272,517 Mcf$822,324
Total$15,519,637

70,363 Mcf of this lease's gas, across 16 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 30.7185, -96.6482. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.71850, -96.64816 · 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
6,777 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 6,777 ft.

Completions filed
Feb 1996
1 of 1 wells

1 well

42-0513346916,777 ftFeb 1996

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 (372)

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

372 months

May 2026361248106.413.05$39,169
Apr 202617924098.932.87$18,397
Mar 202635724889.753.15$32,822
Feb 202653722463.503.75$34,940
Jan 202617624859.138.00$12,390
Dec 202517819356.664.41$10,937
Nov 202535624058.593.93$21,800
Oct 202553624859.383.30$32,647
Sep 202536524062.743.08$23,639
Aug 202553224863.933.01$34,758
Jul 202555224866.743.32$37,663
Jun 202536624066.483.13$25,083
May 202553324060.553.23$33,049
Apr 202542824062.363.54$27,540
Mar 202553924867.704.27$37,549
Feb 202553122470.884.34$38,610
Jan 202536015274.324.28$27,406
Dec 202453618768.993.12$37,562
Nov 202454024069.052.20$37,815
Oct 202452424871.372.28$37,964
Sep 202453920569.612.36$38,004
Aug 202471024875.632.06$54,209
Jul 202451724879.932.15$41,856
Jun 202470823478.082.63$55,897
May 202453624878.812.20$42,787
Apr 202489424084.451.66$75,897
Mar 202453924480.301.55$43,659
Feb 202471023276.091.78$54,438
Jan 202455024873.023.30$40,979
Dec 202352524871.262.61$38,059
Nov 202353624077.892.81$42,423
Oct 202370724485.443.09$61,159
Sep 202372524089.042.74$65,210
Aug 202371724880.522.67$58,396
Jul 202370124874.852.64$53,125
Jun 202370423268.962.26$49,072
May 202373824670.622.23$52,666
Apr 202370324078.122.24$55,455
Mar 202335724872.852.39$26,601
Feb 202373922175.112.47$56,051
Jan 202371724876.533.39$55,712
Dec 202254422376.415.73$42,845
Nov 20221,07124085.005.65$92,390
Oct 202272524887.185.86$64,660
Sep 202271521484.888.16$62,436
Aug 202289024894.529.13$86,386
Jul 20221,083248101.587.54$111,882
Jun 2022903240115.097.98$105,841
May 20221,079248109.378.43$120,102
Apr 202254595104.226.84$57,449
Mar 202254480108.885.08$59,637
Feb 202271725191.054.86$66,502
Jan 202289524881.844.54$74,372
Dec 20211,082071.323.90$77,168
Nov 20211,057077.435.24$81,844
Oct 20211,080079.795.71$86,173
Sep 20211,094069.865.35$76,427
Aug 20211,067066.024.22$70,443
Jul 2021349070.783.98$24,702
Jun 2021548469.493.38$38,094
May 20211,030063.483.02$65,384
Apr 2021718060.362.76$43,338
Mar 2021909061.302.72$55,722
Feb 2021895057.805.55$51,731
Jan 2021546050.412.81$27,524
Dec 20201,253044.642.68$55,934
Nov 2020727038.772.71$28,186
Oct 20201,268036.972.48$46,878
Sep 20201,079037.091.99$40,020
Aug 20201,079039.982.39$43,138
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20203534614.751.80$5,290
Mar 202035718230.341.86$11,169
Feb 20203618449.881.98$18,173
Jan 202054234157.252.09$31,744
Dec 201953524259.012.30$32,128
Nov 201968642255.302.75$39,097
Oct 201972523853.472.42$39,341
Sep 201963735855.052.66$36,018
Aug 2019531053.112.30$28,201
Jul 201953413756.272.46$30,385
Jun 20195324052.782.49$28,179
May 201953412358.482.74$31,565
Apr 201990270662.632.75$58,434
Mar 20191,26787956.803.06$74,657
Feb 20195319450.852.79$27,264
Jan 201916912246.033.23$8,173
Dec 201817821346.594.19$9,185
Nov 201818861152.934.24$12,540
Oct 201844343261.443.40$28,686
Sep 201854048159.543.11$33,647
Aug 201817686259.403.07$13,098
Jul 201852892965.142.93$37,118
Jun 201818357260.183.08$12,773
May 201838356765.382.90$26,685
Apr 201818743363.842.90$13,194
Mar 201838359961.222.79$25,117
Feb 201834453761.782.77$22,738
Jan 201838062662.874.01$26,400
Dec 201735344857.272.92$21,525
Nov 201717330655.423.12$10,542
Oct 201737062949.292.98$20,114
Sep 201737855447.523.09$19,673
Aug 201719254745.373.00$10,354
Jul 201737251943.873.09$17,922
Jun 201736754842.493.09$17,286
May 201719051645.373.26$10,304
Apr 201738159347.933.21$20,166
Mar 201718340346.772.98$9,761
Feb 201735451450.452.95$19,377
Jan 201718048749.413.42$10,559
Dec 201636844348.763.72$19,593
Nov 201637161542.492.64$17,390
Oct 201636266346.193.09$18,770
Sep 201617355941.553.10$8,921
Aug 201635653741.442.92$16,323
Jul 201617754241.622.92$8,952
Jun 201617453245.352.69$9,320
May 201635755842.521.99$16,291
Apr 201618053836.561.99$7,652
Mar 201654275233.011.79$19,241
Feb 201618364726.472.06$6,179
Jan 201654069127.352.36$16,403
Dec 201534469332.362.00$12,519
Nov 201536366138.792.17$15,513
Oct 201518070643.552.43$9,552
Sep 201537362742.992.76$17,765
Aug 201537068440.162.87$16,824
Jul 201536671448.152.95$19,726
Jun 201536057256.152.88$21,863
May 201518372155.212.96$12,234
Apr 201536181449.822.71$20,188
Mar 201555087342.892.93$26,152
Feb 201518068744.662.98$10,083
Jan 201536689443.433.10$18,667
Dec 20147311,29754.693.59$44,636
Nov 201418272270.464.25$15,894
Oct 20141797278.303.90$14,297
Sep 2014043386.164.05$1,752
Aug 201436687189.394.04$36,231
Jul 201455291296.564.18$57,113
Jun 201436488998.164.74$39,941
May 201455590994.734.73$56,872
Apr 201418968495.944.81$21,422
Mar 201456578795.895.06$58,158
Feb 201455972497.406.19$58,930
Jan 201433380890.404.86$34,031
Dec 201337680591.824.35$38,030
Nov 201337478788.853.74$36,172
Oct 201344681197.423.78$46,514
Sep 2013353780104.113.72$39,651
Aug 2013542842104.253.52$59,470
Jul 2013353835102.523.72$39,294
Jun 201353984494.403.93$54,201
May 201354486094.834.15$55,156
Apr 201335882993.964.28$37,188
Mar 201352891993.623.91$53,027
Feb 201337964091.233.42$36,765
Jan 201354387891.603.42$52,741
Dec 201236487086.773.42$34,560
Nov 201254587686.953.62$50,563
Oct 201253789489.383.40$51,036
Sep 201255260094.672.92$54,009
Aug 201237292992.662.91$37,171
Jul 20125536085.133.02$47,258
Jun 201255693279.822.52$46,728
May 201254296891.612.49$52,061
Apr 2012532962101.652.00$55,999
Mar 2012554962105.052.22$60,335
Feb 2012559890101.102.57$58,802
Jan 201273598098.092.73$74,776
Dec 20115471,21896.873.24$56,934
Nov 201153368095.723.31$53,270
Oct 201136097084.983.65$34,132
Sep 201172492283.623.99$64,216
Aug 201153898183.404.15$48,940
Jul 20115511,01294.144.52$56,443
Jun 201154898692.904.64$55,484
May 20117271,03798.134.40$75,908
Apr 20113681,017105.964.33$43,400
Mar 20117351,04696.364.06$75,069
Feb 201153992085.644.18$50,006
Jan 20117351,06986.504.59$68,483
Dec 20107491,06485.734.35$68,838
Nov 201055389980.843.80$48,117
Oct 20107281,09778.103.51$60,706
Sep 20105491,10372.633.98$44,263
Aug 20107231,16473.684.42$58,415
Jul 20107251,17772.554.74$58,174
Jun 20107061,20470.364.91$55,586
May 20107231,20971.124.24$56,540
Apr 20109011,19281.694.12$78,517
Mar 20109021,21278.394.39$76,027
Feb 20107211,00873.585.44$58,537
Jan 20101,0801,23274.365.96$87,657
Dec 20091,0771,50071.445.48$85,167
Nov 20091,6201,92874.593.75$128,069
Oct 200936021472.544.11$26,994
Sep 200936532065.543.06$24,903
Aug 200953859267.423.22$38,177
Jul 200935951161.133.46$23,716
Jun 200935949666.163.90$25,683
May 200936753954.743.93$22,206
Apr 200937449946.773.59$19,282
Mar 200954451942.144.06$25,031
Feb 200936346932.814.63$14,083
Jan 200956052935.865.37$22,923
Dec 200837352037.105.98$16,946
Nov 200836653455.496.86$23,973
Oct 200876759275.246.92$61,807
Sep 2008190541101.767.88$23,596
Aug 2008556641114.228.48$68,944
Jul 2008569620131.0811.39$81,646
Jun 2008580607131.3313.03$84,082
May 2008582639123.1711.57$79,081
Apr 2008577625110.3110.45$70,183
Mar 2008387644101.909.66$45,659
Feb 200858170992.538.77$59,978
Jan 200876761190.388.21$74,335
Dec 200757763988.337.30$55,632
Nov 200757265991.677.29$57,240
Oct 200757470082.856.92$52,401
Sep 200775372575.846.24$61,635
Aug 200756284369.066.39$44,197
Jul 200776161270.906.39$57,864
Jun 200777147762.007.55$51,403
May 200783049458.747.85$52,630
Apr 200775547559.617.81$48,713
Mar 200775959556.927.30$47,547
Feb 200775457955.108.22$46,302
Jan 20075606050.306.73$28,572
Dec 200656610256.656.92$32,770
Nov 200671427454.207.62$40,786
Oct 200654657354.906.01$33,421
Sep 200673532660.085.04$45,801
Aug 200656233368.717.34$41,059
Jul 200690831669.376.34$64,992
Jun 200692358366.286.38$64,898
May 20063593766.016.42$23,935
Apr 20063653664.397.36$23,767
Mar 20063683756.707.08$21,128
Feb 20061883457.597.75$11,090
Jan 20065253760.598.93$32,140
Dec 20053683754.9413.42$20,714
Nov 200555726954.6910.59$33,311
Oct 200574253858.3413.80$50,710
Sep 200573544761.4512.08$50,565
Aug 200572746261.519.80$49,244
Jul 200574729155.697.84$43,883
Jun 200555641952.337.38$32,188
May 200592138645.226.65$44,215
Apr 200573739949.207.36$39,197
Mar 200590838950.377.15$48,519
Feb 20051,09648445.226.31$52,616
Jan 200575447243.166.32$35,527
Dec 200475042039.866.75$32,730
Nov 200490241445.286.33$43,463
Oct 200487454649.706.52$46,995
Sep 200492556143.245.28$42,961
Aug 20041,09531642.375.55$48,149
Jul 200476023038.286.08$30,492
Jun 20041,47042736.106.43$55,814
May 20041,45877937.486.49$59,705
Apr 20041,46191934.475.86$55,745
Mar 20041,82699934.365.53$68,266
Feb 200492062032.455.51$33,270
Jan 20041,4811,09832.036.30$54,353
Dec 20032,3612,17830.266.30$85,169
Nov 20031,63494028.804.60$51,379
Oct 20031,64770128.174.76$49,733
Sep 20031,8553426.314.75$48,967
Aug 20032,23815229.765.13$67,383
Jul 20032,40241729.415.17$72,799
Jun 20033,15096128.565.98$95,714
May 20034,17692626.595.97$116,571
Apr 20031822326.675.41$4,978
Mar 200370028731.146.10$23,548
Feb 200335840733.487.93$15,212
Jan 200373644330.315.58$24,781
Dec 200271945926.914.85$21,576
Nov 200252544124.664.14$14,771
Oct 200272445326.464.23$21,073
Sep 200272549627.443.64$21,697
Aug 200266950025.963.16$18,949
Jul 200253352724.583.06$14,715
Jun 200268151723.733.34$17,886
May 200286949024.663.58$23,186
Apr 200269651423.653.51$18,266
Mar 200289749722.003.10$21,276
Feb 200277449918.222.38$15,288
Jan 200255853917.172.38$10,861
Dec 20011,11155016.932.36$20,110
Nov 200157457718.072.41$11,760
Oct 20011,16465019.782.53$24,668
Sep 200137933124.262.25$9,940
Aug 200178759624.873.05$21,392
Jul 200175460723.933.20$19,984
Jun 200173959124.563.82$20,410
May 200190958625.524.31$25,722
Apr 20011,09659124.685.34$30,202
Mar 200191956724.545.38$25,601
Feb 200177257927.755.77$24,762
Jan 20011,12566027.478.40$36,447
Dec 200091657026.889.12$29,822
Nov 20001,30371332.215.66$46,004
Oct 20001,48572331.235.15$50,097
Sep 200037238731.875.19$13,863
Aug 200098258429.644.54$31,758
Jul 20001,10058928.534.09$33,792
Jun 200091855729.304.40$29,347
May 20001,04647827.263.68$30,273
Apr 20001,06733024.513.12$27,180
Mar 200090644528.422.86$27,021
Feb 20001,07055327.622.73$31,061
Jan 200088654125.272.48$23,731
Dec 19991,59853924.282.42$40,106
Nov 19991,25570023.192.43$30,807
Oct 19991,40147420.982.80$30,722
Sep 199989670421.752.62$21,332
Aug 19991,06375619.262.88$22,647
Jul 19991,23574017.892.37$23,850
Jun 19991,24969315.942.36$21,546
May 19991,08273315.792.32$18,786
Apr 19991,23774515.102.21$20,324
Mar 19991,05878912.471.84$14,644
Feb 19991,4248079.981.82$15,678
Jan 199991578110.381.90$10,982
Dec 19981,6149499.201.77$16,532
Nov 19981,25689210.892.19$15,628
Oct 19981,59498612.421.97$21,739
Sep 19981,0701,02612.592.08$15,608
Aug 19981,6221,04811.301.91$20,328
Jul 19981,42999311.742.24$18,998
Jun 19981,57186811.242.24$19,600
May 19981,6111,02612.622.21$22,595
Apr 19981,7641,06613.042.51$25,673
Mar 19981,7741,25812.802.31$25,612
Feb 19981,6181,16513.952.30$25,250
Jan 19981,7901,25814.702.15$29,024
Dec 19971,9851,36716.322.41$35,691
Nov 19971,9831,29818.193.09$40,079
Oct 19972,5151,54019.253.15$53,264
Sep 19972,18496317.742.95$41,590
Aug 19971,7931,31217.862.55$35,375
Jul 19972,6701,99017.582.25$51,410
Jun 19972,5201,75217.242.26$47,399
May 19972,3501,57618.972.31$48,218
Apr 19972,7141,57717.882.08$51,811
Mar 19972,5331,74818.951.94$51,390
Feb 19972,8721,55320.492.21$62,273
Jan 19972,9031,63523.483.54$73,950
Dec 19963,7511,67023.32$87,473
Nov 19962,91199021.97$63,955
Oct 19963,7595,18323.31$87,622
Sep 19963,2118,12822.22$71,348
Aug 19964,0914,01020.26$82,884
Jul 19965,3286,32219.55$104,162
Jun 19965,6806,43318.73$106,386
May 19968,0426,23619.43$156,256
Apr 199611,29410,59121.51$242,934
Mar 19965,5681,87219.38$107,908
Feb 19965016.98$85
Jan 19961,423017.07$24,291
Dec 19953,730017.19$64,119
Nov 19958,5572,76416.00$136,912
Oct 19952,6981,93815.43$41,630
Sep 19954,4815,86116.18$72,503
Aug 19957,8035,36515.92$124,224
Jul 19959,2352,52715.24$140,741
Jun 19951,47847316.41$24,254

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                  361 bbl  × $106.41 =    $38,414
Casinghead gas       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                  $39,169

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/22831 is the state's own key, not one this site invented.