SMITH ESTATE 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 22929District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$4.5 M
Dec 1995 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
366
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
OilDisposition155,120 bbl$4,162,042
Casinghead gasProduction91,888 Mcf$369,557
Total$4,531,599

473 Mcf of this lease's gas, across 7 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.

Every month this lease reported (366)

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

366 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
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 202453068.993.12$3,656
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 202332071.262.61$2,280
Nov 20230077.892.81$0
Oct 20230085.443.09$0
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 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 2022024881.844.54$1,125
Dec 202110071.323.90$713
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 2021182057.805.55$10,520
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 2020361038.772.71$13,996
Oct 2020902036.972.48$33,347
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020174030.341.86$5,279
Feb 2020177049.881.98$8,829
Jan 2020182057.252.09$10,420
Dec 2019176059.012.30$10,386
Nov 20190055.302.75$0
Oct 2019183053.472.42$9,785
Sep 2019188055.052.66$10,349
Aug 2019522253.112.30$27,728
Jul 20191,777056.272.46$99,992
Jun 20197116152.782.49$37,679
May 2019171058.482.74$10,000
Apr 20192062.632.75$125
Mar 2019170056.803.06$9,656
Feb 20192050.852.79$102
Jan 2019179046.033.23$8,239
Dec 20182046.594.19$93
Nov 2018172052.934.24$9,104
Oct 201834061.443.40$2,089
Sep 2018147059.543.11$8,752
Aug 20180059.403.07$0
Jul 2018160065.142.93$10,422
Jun 2018160060.183.08$9,629
May 20180065.382.90$0
Apr 2018164063.842.90$10,470
Mar 20183061.222.79$184
Feb 2018135061.782.77$8,340
Jan 20184062.874.01$251
Dec 2017150057.272.92$8,591
Nov 20171904455.423.12$10,667
Oct 201718910649.292.98$9,632
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017193042.493.09$8,201
May 20170045.373.26$0
Apr 2017182047.933.21$8,723
Mar 20170046.772.98$0
Feb 2017179050.452.95$9,031
Jan 20170049.413.42$0
Dec 2016184048.763.72$8,972
Nov 20161834242.492.64$7,887
Oct 2016015346.193.09$473
Sep 201617813241.553.10$7,805
Aug 201617713641.442.92$7,733
Jul 2016215941.622.92$548
Jun 201618512745.352.69$8,731
May 2016415142.521.99$471
Apr 201618215436.561.99$6,961
Mar 2016118733.011.79$368
Feb 201617713026.472.06$4,953
Jan 201618616927.352.36$5,487
Dec 2015111332.362.00$259
Nov 2015015738.792.17$340
Oct 201518016143.552.43$8,230
Sep 2015013042.992.76$359
Aug 201518512640.162.87$7,792
Jul 201518715848.152.95$9,469
Jun 2015010956.152.88$314
May 2015212755.212.96$486
Apr 201519013249.822.71$9,823
Mar 2015413142.892.93$556
Feb 201518211744.662.98$8,476
Jan 2015413443.433.10$589
Dec 201417814254.693.59$10,245
Nov 2014113370.464.25$636
Oct 201419513878.303.90$15,807
Sep 2014014286.164.05$574
Aug 201418416489.394.04$17,110
Jul 201417412096.564.18$17,303
Jun 2014313898.164.74$948
May 2014314194.734.73$951
Apr 201418214495.944.81$18,154
Mar 201419630095.895.06$20,311
Feb 201401197.406.19$68
Jan 201403590.404.86$170
Dec 201319112991.824.35$18,099
Nov 201318013288.853.74$16,486
Oct 2013113097.423.78$589
Sep 2013177139104.113.72$18,944
Aug 20131153104.253.52$643
Jul 2013177176102.523.72$18,800
Jun 201318116094.403.93$17,716
May 2013015794.834.15$651
Apr 201318017093.964.28$17,641
Mar 2013012793.623.91$497
Feb 201318412191.233.42$17,200
Jan 2013014191.603.42$482
Dec 201218314086.773.42$16,358
Nov 2012011686.953.62$421
Oct 20121801889.383.40$16,150
Sep 2012181194.672.92$17,138
Aug 201218010792.662.91$16,990
Jul 2012011585.133.02$347
Jun 201218319479.822.52$15,096
May 201206291.612.49$154
Apr 2012180168101.652.00$18,632
Mar 2012184168105.052.22$19,703
Feb 2012181150101.102.57$18,685
Jan 2012022398.092.73$610
Dec 201118720196.873.24$18,766
Nov 2011016795.723.31$553
Oct 201118819584.983.65$16,688
Sep 2011012383.623.99$490
Aug 201118321483.404.15$16,150
Jul 201118715294.144.52$18,291
Jun 2011020192.904.64$933
May 201118111698.134.40$18,272
Apr 20111104105.964.33$557
Mar 201135813796.364.06$35,053
Feb 2011012585.644.18$523
Jan 201118217086.504.59$16,523
Dec 201018517285.734.35$16,608
Nov 2010015080.843.80$569
Oct 201018721178.103.51$15,345
Sep 201018321872.633.98$14,159
Aug 201018526173.684.42$14,784
Jul 201017935472.554.74$14,663
Jun 2010018970.364.91$928
May 2010022671.124.24$957
Apr 201018124181.694.12$15,779
Mar 2010116378.394.39$794
Feb 201018221173.585.44$14,540
Jan 201018016874.365.96$14,387
Dec 2009011071.445.48$603
Nov 200918022974.593.75$14,285
Oct 2009028272.544.11$1,159
Sep 200918027465.543.06$12,637
Aug 2009031267.423.22$1,004
Jul 200917929461.133.46$11,961
Jun 200918328766.163.90$13,225
May 2009026654.743.93$1,044
Apr 200918329246.773.59$9,606
Mar 200918029942.144.06$8,799
Feb 2009026632.814.63$1,232
Jan 200918332035.865.37$8,281
Dec 200819227037.105.98$8,737
Nov 2008031055.496.86$2,127
Oct 200818432375.246.92$16,080
Sep 20080315101.767.88$2,481
Aug 2008322306114.228.48$39,375
Jul 20080314131.0811.39$3,576
Jun 20080259131.3313.03$3,375
May 2008181288123.1711.57$25,627
Apr 20080278110.3110.45$2,906
Mar 2008182287101.909.66$21,319
Feb 2008030592.538.77$2,675
Jan 200820226790.388.21$20,448
Dec 200719717088.337.30$18,642
Nov 2007020591.677.29$1,495
Oct 200737662182.856.92$35,450
Sep 2007047375.846.24$2,953
Aug 200713636869.066.39$11,743
Jul 200719531370.906.39$15,825
Jun 200718629962.007.55$13,789
May 200718232058.747.85$13,201
Apr 200719732959.617.81$14,311
Mar 200719534056.927.30$13,582
Feb 2007030855.108.22$2,531
Jan 200719535150.306.73$12,170
Dec 200618634856.656.92$12,945
Nov 2006032654.207.62$2,483
Oct 200618738354.906.01$12,570
Sep 200618733560.085.04$12,922
Aug 200618736268.717.34$15,506
Jul 2006032769.376.34$2,074
Jun 200618836366.286.38$14,778
May 200619042866.016.42$15,292
Apr 200618732264.397.36$14,411
Mar 200618932856.707.08$13,040
Feb 200618427857.597.75$12,751
Jan 2006332960.598.93$3,121
Dec 200517927054.9413.42$13,456
Nov 200517131654.6910.59$12,698
Oct 200518741058.3413.80$16,566
Sep 200519131261.4512.08$15,506
Aug 200535839561.519.80$25,890
Jul 200508555.697.84$667
Jun 20051586452.337.38$8,741
May 200518115245.226.65$9,196
Apr 200517433349.207.36$11,012
Mar 200536041550.377.15$21,102
Feb 200519645.226.31$651
Jan 200517937543.166.32$10,096
Dec 200418331439.866.75$9,414
Nov 200435037345.286.33$18,209
Oct 200419439049.706.52$12,183
Sep 200418439343.245.28$10,033
Aug 200438460342.375.55$19,617
Jul 200425138.286.08$387
Jun 200436949336.106.43$16,492
May 200418026037.486.49$8,435
Apr 200416527234.475.86$7,281
Mar 200418026334.365.53$7,639
Feb 200418631132.455.51$7,749
Jan 200419528832.036.30$8,060
Dec 200318916330.266.30$6,746
Nov 200318725128.804.60$6,539
Oct 200335729828.174.76$11,475
Sep 200319438226.314.75$6,918
Aug 200317933529.765.13$7,046
Jul 200336747929.415.17$13,270
Jun 200318645328.565.98$8,022
May 200337353126.595.97$13,090
Apr 200316421226.675.41$5,520
Mar 200318933931.146.10$7,952
Feb 200341924233.487.93$15,946
Jan 2003028130.315.58$1,569
Dec 200220025126.914.85$6,600
Nov 200234620124.664.14$9,364
Oct 200218953426.464.23$7,259
Sep 200235323827.443.64$10,552
Aug 200217959825.963.16$6,539
Jul 20021737924.583.06$4,494
Jun 200233170123.733.34$10,195
May 200232728224.663.58$9,075
Apr 200219131123.653.51$5,609
Mar 200218930222.003.10$5,095
Feb 200237135118.222.38$7,593
Jan 200218721917.172.38$3,731
Dec 200119126316.932.36$3,855
Nov 200154163618.072.41$11,306
Oct 200137253019.782.53$8,698
Sep 200134923924.262.25$9,005
Aug 200117542324.873.05$5,644
Jul 200134723423.933.20$9,052
Jun 200134147424.563.82$10,188
May 200145245625.524.31$13,499
Apr 200134134524.685.34$10,257
Mar 200153026824.545.38$14,447
Feb 200136445627.755.77$12,731
Jan 200153750427.478.40$18,984
Dec 200032834626.889.12$11,973
Nov 200034529132.215.66$12,759
Oct 200053637831.235.15$18,684
Sep 200031432331.875.19$11,682
Aug 20003605029.644.54$10,897
Jul 200053462428.534.09$17,787
Jun 200069764129.304.40$23,241
May 200070274427.263.68$21,874
Apr 200071264024.513.12$19,445
Mar 200035450728.422.86$11,511
Feb 20001,07669527.622.73$31,614
Jan 200072055125.272.48$19,561
Dec 199936058724.282.42$10,164
Nov 199971863823.192.43$18,203
Oct 199935562920.982.80$9,211
Sep 19991,07486321.752.62$25,620
Aug 19991,06791019.262.88$23,167
Jul 19991,0531,44917.892.37$22,276
Jun 19993627015.942.36$5,936
May 19991,43188415.792.32$24,647
Apr 19991,0801,22315.102.21$19,008
Mar 19991,7971,14212.471.84$24,508
Feb 19991,4389919.981.82$16,153
Jan 19991,25390410.381.90$14,724
Dec 19981,7889449.201.77$18,124
Nov 19981,4051,80910.892.19$19,254
Oct 19981,42684712.421.97$19,379
Sep 19981,07024412.592.08$13,979
Aug 19981,24389211.301.91$15,747
Jul 19981,7233,45811.742.24$27,965
Jun 19981,7654,19911.242.24$29,233
May 19984,7613,51312.622.21$67,835
Apr 19981,7492,77813.042.51$29,767
Mar 19981793,91512.802.31$11,333
Feb 1998291,33613.952.30$3,476
Jan 199867435014.702.15$10,662
Dec 19971,0763716.322.41$17,650
Nov 19971,0693618.193.09$19,556
Oct 19971,2573719.253.15$24,314
Sep 19971,0463617.742.95$18,662
Aug 19971,2243717.862.55$21,955
Jul 19971,4103717.582.25$24,871
Jun 19971,2433617.242.26$21,511
May 19971,7493718.972.31$33,264
Apr 19971,4143617.882.08$25,357
Mar 19971,96347018.951.94$38,110
Feb 19973,3701,48020.492.21$72,316
Jan 19971,79082723.483.54$44,957
Dec 199688725423.32$20,685
Nov 19961,2293621.97$27,001
Oct 19962,6323723.31$61,352
Sep 19962,8013622.22$62,238
Aug 19963,8463720.26$77,920
Jul 19964,3583719.55$85,199
Jun 19964,8903618.73$91,590
May 19967,059019.43$137,156
Apr 19968,111021.51$174,468
Mar 19969,232019.38$178,916
Feb 19967,808016.98$132,580
Jan 19967,564017.07$129,117
Dec 19951,063017.19$18,273

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.

Dec 2024 — as filed, then multipliedworked
Oil                   53 bbl  × $ 68.99 =     $3,656
Casinghead gas         0 Mcf  × $  3.12 =         $0

────────────────────────────────────────────────────
Month total                                   $3,656

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/22929 is the state's own key, not one this site invented.