NEVER LEE 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 22940District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$13.4 M
Nov 1995 – May 2026
Value, last 12 filed months
$76 k
at the published price for each month
Months reported
367
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
OilDisposition87,294 bbl$3,755,642
Casinghead gasProduction2,345,911 Mcf$9,639,130
Total$13,394,771

212,293 Mcf of this lease's gas, across 14 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 (2)

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 30.2754, -96.7024. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

30.27539, -96.70240 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,192 ft
2 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.
2100.0%

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

Between 9,920 and 12,464 ft, median 11,192 ft, over the 2 wells that filed a depth.

Completions filed
Nov 1995 – Dec 2004
2 of 2 wells

2 wells

42-287308742RE9,920 ftDec 2004
42-28731016112,464 ftNov 1995

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 (367)

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

367 months

May 202604,598106.413.05$14,005
Apr 2026160598.932.87$1,835
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 2026394259.138.00$7,711
Dec 2025192256.664.41$4,126
Nov 202502558.593.93$98
Oct 202507059.383.30$231
Sep 202502262.743.08$68
Aug 2025750063.933.01$47,948
Jul 20250066.743.32$0
Jun 202503366.483.13$103
May 202504060.553.23$129
Apr 202503962.363.54$138
Mar 2025012567.704.27$534
Feb 202503270.884.34$139
Jan 2025014074.324.28$599
Dec 20241092368.993.12$7,592
Nov 202401169.052.20$24
Oct 202413271.372.28$144
Sep 20240869.612.36$19
Aug 202401675.632.06$33
Jul 2024114879.932.15$398
Jun 2024641578.082.63$1,562
May 2024047978.812.20$1,053
Apr 20241095584.451.66$9,296
Mar 2024120280.301.55$392
Feb 2024118276.091.78$401
Jan 2024041973.023.30$1,382
Dec 202317013071.262.61$12,454
Nov 2023627977.892.81$1,251
Oct 20235271,31885.443.09$49,096
Sep 202372,85589.042.74$8,432
Aug 202335791980.522.67$31,202
Jul 2023016374.852.64$431
Jun 2023036468.962.26$822
May 202301,39470.622.23$3,105
Apr 20231993,17578.122.24$22,651
Mar 202364,85572.852.39$12,056
Feb 20231801,17275.112.47$16,410
Jan 202301,61976.533.39$5,485
Dec 20223791,67776.415.73$38,567
Nov 20222132,10785.005.65$30,002
Oct 202217987687.185.86$20,742
Sep 2022198084.888.16$16,806
Aug 20223716,39094.529.13$93,389
Jul 20225727,403101.587.54$113,938
Jun 20223865,526115.097.98$88,507
May 20221691,312109.378.43$29,548
Apr 20221792,041104.226.84$32,611
Mar 202201,273108.885.08$6,462
Feb 202201,58691.054.86$7,706
Jan 202213,06181.844.54$13,972
Dec 202133,45471.323.90$13,682
Nov 202103,46277.435.24$18,130
Oct 20211943,18779.795.71$33,689
Sep 202103,35169.865.35$17,931
Aug 202103,54066.024.22$14,941
Jul 202103,45270.783.98$13,746
Jun 20211883,21669.493.38$23,936
May 202103,79663.483.02$11,455
Apr 202102,96960.362.76$8,190
Mar 20211924,93961.302.72$25,189
Feb 202102,07757.805.55$11,523
Jan 202104,04950.412.81$11,379
Dec 20201864,67844.642.68$20,819
Nov 20201884,97338.772.71$20,749
Oct 202004,21736.972.48$10,452
Sep 20201834,54137.091.99$15,829
Aug 20201874,99439.982.39$19,387
Jul 202003,98638.371.83$7,275
Jun 20201924,88034.901.69$14,950
May 202005,25216.921.81$9,531
Apr 202004,30214.751.80$7,762
Mar 202004,78630.341.86$8,884
Feb 20201744,87949.881.98$18,343
Jan 202003,07757.252.09$6,446
Dec 201904,52359.012.30$10,423
Nov 20191774,55455.302.75$22,315
Oct 20191734,11153.472.42$19,193
Sep 201903,47355.052.66$9,229
Aug 2019095153.112.30$2,191
Jul 2019464,08556.272.46$12,638
Jun 20191755,79552.782.49$23,673
May 201903,47958.482.74$9,534
Apr 201906,04562.632.75$16,628
Mar 20191896,56256.803.06$30,829
Feb 20191772,91050.852.79$17,126
Jan 201912,94446.033.23$9,550
Dec 20181823,96646.594.19$25,079
Nov 201813,61552.934.24$15,371
Oct 20181782,25361.443.40$18,592
Sep 201812,21759.543.11$6,950
Aug 201812,85859.403.07$8,824
Jul 20181763,30765.142.93$21,160
Jun 201833,29560.183.08$10,319
May 20181753,56965.382.90$21,794
Apr 201823,37463.842.90$9,915
Mar 20181803,40261.222.79$20,500
Feb 201812,64561.782.77$7,378
Jan 20181742,76462.874.01$22,021
Dec 201723,20457.272.92$9,475
Nov 20171741,69255.423.12$14,919
Oct 201712,89649.292.98$8,690
Sep 201711,11247.523.09$3,481
Aug 20171811,92945.373.00$14,007
Jul 201712,43443.873.09$7,558
Jun 201732,99542.493.09$9,374
May 20171813,19445.373.26$18,635
Apr 201712,74647.933.21$8,867
Mar 20171792,91546.772.98$17,069
Feb 201712,57050.452.95$7,639
Jan 20171772,82049.413.42$18,387
Dec 201612,21248.763.72$8,284
Nov 20161711,87242.492.64$12,216
Oct 201617681646.193.09$10,651
Sep 201601,34241.553.10$4,161
Aug 201612,13841.442.92$6,294
Jul 201602,98241.622.92$8,720
Jun 201613,25945.352.69$8,798
May 20161772,53342.521.99$12,569
Apr 20161722,75036.561.99$11,764
Mar 201612,22633.011.79$4,026
Feb 2016058926.472.06$1,215
Jan 201601,60527.352.36$3,795
Dec 20151733,61632.362.00$12,835
Nov 201513,47738.792.17$7,575
Oct 201514,06343.552.43$9,903
Sep 201503,32942.992.76$9,183
Aug 20151755,14540.162.87$21,807
Jul 201526,10048.152.95$18,061
Jun 20151746,10956.152.88$27,381
May 20153465,94055.212.96$36,658
Apr 201503,68149.822.71$9,963
Mar 201524,10542.892.93$12,133
Feb 20151722,80844.662.98$16,039
Jan 201526,35343.433.10$19,785
Dec 20141835,76554.693.59$30,712
Nov 20141826,25970.464.25$39,436
Oct 20141765,59178.303.90$35,591
Sep 201415,90186.164.05$23,958
Aug 201415,03189.394.04$20,390
Jul 20141776,20396.564.18$43,017
Jun 20141775,41298.164.74$43,010
May 20141805,68094.734.73$43,898
Apr 201415,74695.944.81$27,729
Mar 20143716,51295.895.06$68,505
Feb 201424,53097.406.19$28,245
Jan 20141755,99490.404.86$44,955
Dec 20131875,95391.824.35$43,093
Nov 201303,37988.853.74$12,632
Oct 20131765,71897.423.78$38,756
Sep 201315,564104.113.72$20,790
Aug 20133585,872104.253.52$58,006
Jul 20131795,453102.523.72$38,624
Jun 20131775,39894.403.93$37,941
May 201315,44794.834.15$22,695
Apr 20131643,94893.964.28$32,317
Mar 201314,71093.623.91$18,523
Feb 201315,72491.233.42$19,667
Jan 20131814,35191.603.42$31,460
Dec 20121655,69986.773.42$33,809
Nov 20121805,87586.953.62$36,948
Oct 201203,10289.383.40$10,546
Sep 20121725,55294.672.92$32,486
Aug 20121805,84792.662.91$33,683
Jul 20121766,73185.133.02$35,316
Jun 20121576,28379.822.52$28,359
May 201223,69291.612.49$9,370
Apr 20121793,381101.652.00$24,947
Mar 201203,551105.052.22$7,891
Feb 20121873,296101.102.57$27,377
Jan 20121794,51498.092.73$29,900
Dec 20111864,51496.873.24$32,642
Nov 201104,85095.723.31$16,060
Oct 20111793,05884.983.65$26,369
Sep 201123,62283.623.99$14,604
Aug 20111702,93683.404.15$26,360
Jul 20111775,58494.144.52$41,887
Jun 201125,43992.904.64$25,422
May 20111756,05698.134.40$43,848
Apr 20111776,260105.964.33$45,881
Mar 20111816,14396.364.06$42,365
Feb 201115,45385.644.18$22,879
Jan 20113536,23486.504.59$59,141
Dec 201016,11385.734.35$26,664
Nov 20101785,20680.843.80$34,148
Oct 201003,16778.103.51$11,113
Sep 20101794,30172.633.98$30,116
Aug 20101204,45373.684.42$28,521
Jul 201025,98872.554.74$28,507
Jun 20101814,97770.364.91$37,174
May 20103597,09871.124.24$55,594
Apr 201002,95381.694.12$12,174
Mar 20101803,70078.394.39$30,348
Feb 201006,12673.585.44$33,340
Jan 20101877,08974.365.96$56,185
Dec 20091887,48171.445.48$54,455
Nov 20093677,20474.593.75$54,400
Oct 200928,82172.544.11$36,402
Sep 20093198,61865.543.06$47,319
Aug 200907,28767.423.22$23,453
Jul 200905,10861.133.46$17,697
Jun 20093665,61566.163.90$46,085
May 200938,28554.743.93$32,689
Apr 20095477,07346.773.59$50,958
Mar 200938,59642.144.06$35,018
Feb 20091878,42332.814.63$45,159
Jan 20091938,73235.865.37$53,821
Dec 20083819,20637.105.98$69,161
Nov 20081889,83155.496.86$77,876
Oct 20081979,71375.246.92$82,055
Sep 20083817,270101.767.88$96,037
Aug 200817,854114.228.48$66,740
Jul 20081919,133131.0811.39$129,056
Jun 20083758,041131.3313.03$154,044
May 200827,720123.1711.57$89,600
Apr 20083729,206110.3110.45$137,283
Mar 20081929,942101.909.66$115,645
Feb 200838010,21292.538.77$124,727
Jan 20083659,20490.388.21$108,514
Dec 20071754,20788.337.30$46,177
Nov 20073698,27091.677.29$94,129
Oct 20071888,83182.856.92$76,704
Sep 20073699,82275.846.24$89,315
Aug 200738411,40669.066.39$99,380
Jul 200736812,36670.906.39$105,084
Jun 200737712,01562.007.55$114,069
May 200737511,94358.747.85$115,736
Apr 200737812,44259.617.81$119,645
Mar 200718913,03856.927.30$105,961
Feb 200737711,54455.108.22$115,618
Jan 200737214,01450.306.73$112,982
Dec 200635614,95356.656.92$123,619
Nov 200619114,11754.207.62$117,888
Oct 200637213,84354.906.01$103,672
Sep 200636815,50260.085.04$100,196
Aug 200634614,86268.717.34$132,860
Jul 200636614,95669.376.34$120,252
Jun 200653216,64766.286.38$141,533
May 200655317,12166.016.42$146,506
Apr 200638016,73064.397.36$147,609
Mar 200655917,26656.707.08$153,989
Feb 200655415,04957.597.75$148,551
Jan 200652310,46260.598.93$125,149
Dec 200555411,11354.9413.42$179,522
Nov 200574811,35654.6910.59$161,150
Oct 200537614,43658.3413.80$221,091
Sep 200574112,58361.4512.08$197,525
Aug 200591814,15161.519.80$195,101
Jul 200536615,47355.697.84$141,747
Jun 20051,37616,61552.337.38$194,642
May 200571417,62445.226.65$149,507
Apr 200572418,74149.207.36$173,564
Mar 200593719,09250.377.15$183,798
Feb 200595715,76145.226.31$142,758
Jan 20051,49112,56743.166.32$143,803
Dec 20049558,90339.866.75$98,171
Nov 2004055145.286.33$3,488
Oct 2004091649.706.52$5,968
Sep 200401,28243.245.28$6,774
Aug 200401,00142.375.55$5,556
Jul 2004037938.286.08$2,306
Jun 2004036736.106.43$2,361
May 2004028137.486.49$1,825
Apr 2004016034.475.86$937
Mar 2004036334.365.53$2,007
Feb 2004017232.455.51$948
Jan 2004024532.036.30$1,543
Dec 2003061330.266.30$3,863
Nov 2003047328.804.60$2,174
Oct 2003073228.174.76$3,484
Sep 2003028026.314.75$1,330
Aug 2003057929.765.13$2,970
Jul 2003024829.415.17$1,282
Jun 2003066528.565.98$3,979
May 2003051126.595.97$3,052
Apr 2003089426.675.41$4,834
Mar 2003087631.146.10$5,340
Feb 2003066333.487.93$5,255
Jan 200301,07030.315.58$5,973
Dec 2002066526.914.85$3,228
Nov 2002028524.664.14$1,179
Oct 2002071126.464.23$3,007
Sep 200237842827.443.64$11,928
Aug 200201,26325.963.16$3,996
Jul 200234,17124.583.06$12,844
Jun 200234,12323.733.34$13,835
May 200244,05324.663.58$14,625
Apr 20021901,39723.653.51$9,400
Mar 20021912,18722.003.10$10,988
Feb 200233,23818.222.38$7,747
Jan 200221,06517.172.38$2,564
Dec 2001073416.932.36$1,735
Nov 2001077718.072.41$1,869
Oct 200101,18819.782.53$3,004
Sep 2001038124.262.25$858
Aug 2001035524.873.05$1,084
Jul 200119237323.933.20$5,787
Jun 2001056024.563.82$2,142
May 2001069125.524.31$2,976
Apr 2001065424.685.34$3,489
Mar 2001086524.545.38$4,651
Feb 2001099627.755.77$5,744
Jan 200101,24127.478.40$10,423
Dec 20001973,55826.889.12$37,753
Nov 200019310,99032.215.66$68,398
Oct 200037911,82531.235.15$72,682
Sep 20001842,33731.875.19$17,985
Aug 200055615,55029.644.54$87,089
Jul 200036019,13028.534.09$88,508
Jun 20005489,18329.304.40$56,436
May 20003704,23127.263.68$25,655
Apr 200002,11224.513.12$6,581
Mar 200001,99628.422.86$5,708
Feb 200037512,71927.622.73$45,036
Jan 200056817,01925.272.48$56,569
Dec 19993759,15024.282.42$31,282
Nov 19997369,82723.192.43$40,987
Oct 199935921,53220.982.80$67,901
Sep 19993343,05821.752.62$15,273
Aug 199902,32219.262.88$6,677
Jul 199918714,46517.892.37$37,662
Jun 199937316,07515.942.36$43,916
May 199956117,00915.792.32$48,336
Apr 199973716,78115.102.21$48,182
Mar 199918717,34012.471.84$34,209
Feb 199976216,6969.981.82$37,955
Jan 199937418,90010.381.90$39,791
Dec 199872519,2289.201.77$40,767
Nov 199818018,02110.892.19$41,349
Oct 199894119,62312.421.97$50,329
Sep 19981119,51612.592.08$40,783
Aug 199871620,31811.301.91$46,844
Jul 199818920,92911.742.24$49,043
Jun 199819419,45011.242.24$45,695
May 199852819,70412.622.21$50,137
Apr 199856620,24613.042.51$58,104
Mar 199858020,45112.802.31$54,654
Feb 199838718,55413.952.30$48,057
Jan 199873319,16714.702.15$52,076
Dec 19971,10418,81116.322.41$63,372
Nov 19971,29023,36018.193.09$95,607
Oct 19971,28022,73819.253.15$96,261
Sep 19971,20021,45717.742.95$84,691
Aug 19971,29922,39117.862.55$80,403
Jul 19971,58128,51117.582.25$91,856
Jun 19971,63025,11417.242.26$84,789
May 19971,63425,44118.972.31$89,728
Apr 19971,66623,54917.882.08$78,835
Mar 19977415,50818.951.94$24,723
Feb 199719697120.492.21$6,158
Jan 19971026423.483.54$1,169
Dec 19961293423.32$280
Nov 199671,06421.97$154
Oct 199681,45623.31$186
Sep 199681,60822.22$178
Aug 1996121,73720.26$243
Jul 19967561,58119.55$14,780
Jun 19967562,01618.73$14,160
May 19967692,12219.43$14,942
Apr 19969033,36921.51$19,424
Mar 19962,82046,73919.38$54,652
Feb 19962,07537,93316.98$35,234
Jan 19963,37855,40117.07$57,662
Dec 19952,38743,94817.19$41,033
Nov 199521312,38516.00$3,408

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     4,598 Mcf  × $  3.05 =    $14,005

────────────────────────────────────────────────────
Month total                                  $14,005

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/22940 is the state's own key, not one this site invented.