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BENTON-MATCEK 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 22954District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$13.1 M
Mar 1996 – May 2026
Value, last 12 filed months
$456 k
at the published price for each month
Months reported
363
no gaps in the span
Streams
2
oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) field

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
OilDisposition169,072 bbl$5,494,936
Casinghead gasProduction2,004,965 Mcf$7,596,855
Total$13,091,792

251,831 Mcf of this lease's gas, across 10 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 (4)

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 30.4874, -96.6497. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

30.48738, -96.64948 · 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
25.0%
1 of 4 wells
With a plug date
25.0%
1 of 4 wells
Median depth
8,020 ft
4 wells filed one
Completion to plug
9.1 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
125.0%
A plug date is filed
125.0%
BothOn the schedule and plugged. Neither fact cancels the other.
125.0%
NeitherNo plug date, and not on the schedule.
375.0%

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 7,790 and 8,382 ft, median 8,020 ft, over the 4 wells that filed a depth.

Completions filed
Nov 1980 – Aug 2008
4 of 4 wells
Plug dates filed
Sep 2017
1 of 4 wells; 3 filed none

Last completion to plug: a median of 9.1 years across the 1 well that filed both dates, with the middle half between 9.1 years and 9.1 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

4 wells

42-0513140848,382 ftAug 2008Sep 2017Yes
42-051335041H7,909 ftMar 1996——
42-0513162538,130 ftJun 1981——
42-0513106427,790 ftNov 1980——

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 (363)

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

363 months

May 20263662,216106.413.05$45,696
Apr 20263612,20098.932.87$42,027
Mar 20265322,25589.753.15$54,849
Feb 20263512,11063.503.75$30,202
Jan 20263692,25559.138.00$39,854
Dec 20253552,30756.664.41$30,296
Nov 20255442,12658.593.93$40,221
Oct 20253472,35559.383.30$28,388
Sep 20253402,32062.743.08$28,470
Aug 20255392,46063.933.01$41,875
Jul 20255322,43866.743.32$43,588
Jun 20253532,37866.483.13$30,908
May 20255452,29460.553.23$40,415
Apr 20253672,32762.363.54$31,131
Mar 20253492,24967.704.27$33,227
Feb 20255152,25070.884.34$46,270
Jan 20253632,63874.324.28$38,265
Dec 20245542,75968.993.12$46,832
Nov 20245672,67069.052.20$45,021
Oct 20243552,90371.372.28$31,959
Sep 20247132,83869.612.36$56,342
Aug 20243583,02475.632.06$33,316
Jul 20245372,73779.932.15$48,798
Jun 20245392,43378.082.63$48,494
May 20243202,43878.812.20$30,579
Apr 20245252,77384.451.66$48,937
Mar 20243782,95880.301.55$34,924
Feb 20241822,51976.091.78$18,341
Jan 20241801,99773.023.30$19,729
Dec 20233522,86671.262.61$32,566
Nov 20231882,58077.892.81$21,887
Oct 20231842,71285.443.09$24,094
Sep 20231712,61089.042.74$22,364
Aug 20231772,96980.522.67$22,188
Jul 20233522,95974.852.64$34,164
Jun 20231762,56968.962.26$17,939
May 20231792,54770.622.23$18,314
Apr 20231842,48378.122.24$19,930
Mar 20231912,81172.852.39$20,642
Feb 20231732,41475.112.47$18,946
Jan 20233862,65876.533.39$38,545
Dec 20221822,74176.415.73$29,610
Nov 20223752,44985.005.65$45,703
Oct 202201,03087.185.86$6,040
Sep 20221821,35184.888.16$26,477
Aug 202201,23894.529.13$11,299
Jul 20221922,023101.587.54$34,761
Jun 20221811,886115.097.98$35,876
May 202202,182109.378.43$18,401
Apr 20221911,910104.226.84$32,966
Mar 20221921,992108.885.08$31,017
Feb 20221781,79691.054.86$24,933
Jan 202202,15281.844.54$9,765
Dec 20211772,35971.323.90$21,822
Nov 20211882,25577.435.24$26,366
Oct 202101,81279.795.71$10,354
Sep 20211732,32469.865.35$24,521
Aug 202102,34966.024.22$9,914
Jul 20211932,22170.783.98$22,505
Jun 202101,97269.493.38$6,667
May 20211852,10963.483.02$18,108
Apr 202102,05360.362.76$5,663
Mar 202102,32361.302.72$6,311
Feb 20211801,64357.805.55$19,519
Jan 202102,42850.412.81$6,823
Dec 202002,28744.642.68$6,119
Nov 20201812,16838.772.71$12,885
Oct 202002,27336.972.48$5,633
Sep 20201782,14037.091.99$10,863
Aug 202001,71539.982.39$4,090
Jul 20201861,63638.371.83$10,123
Jun 202001,51334.901.69$2,557
May 20201861,40016.921.81$5,688
Apr 202001,40714.751.80$2,539
Mar 20201951,72230.341.86$9,113
Feb 20201911,35749.881.98$12,215
Jan 20201871,34957.252.09$13,532
Dec 20193321,28859.012.30$22,559
Nov 20191791,18955.302.75$13,169
Oct 20193651,19353.472.42$22,402
Sep 20191811,04655.052.66$12,744
Aug 20193601,07653.112.30$21,599
Jul 20191791,05156.272.46$12,658
Jun 201936085352.782.49$21,126
May 201918195258.482.74$13,194
Apr 201936093762.632.75$25,124
Mar 201918088156.803.06$12,922
Feb 2019029750.852.79$829
Jan 2019179046.033.23$8,239
Dec 20180046.594.19$0
Nov 2018087452.934.24$3,703
Oct 20181842,41361.443.40$19,505
Sep 201802,53359.543.11$7,873
Aug 201802,61959.403.07$8,031
Jul 201802,47165.142.93$7,245
Jun 20181752,39760.183.08$17,907
May 201802,33265.382.90$6,765
Apr 20181942,42163.842.90$19,408
Mar 201802,48461.222.79$6,923
Feb 20181932,28561.782.77$18,244
Jan 20181952,69762.874.01$23,073
Dec 201702,32457.272.92$6,790
Nov 20171722,58055.423.12$17,578
Oct 20171872,57949.292.98$16,912
Sep 20171851,17847.523.09$12,428
Aug 201701,86845.373.00$5,612
Jul 201702,70943.873.09$8,363
Jun 20171752,49442.493.09$15,135
May 201702,90445.373.26$9,477
Apr 20171782,76147.933.21$17,399
Mar 201702,97846.772.98$8,885
Feb 201702,73750.452.95$8,081
Jan 20171792,59049.413.42$17,699
Dec 201602,19748.763.72$8,179
Nov 201602,74042.492.64$7,246
Oct 20161802,87546.193.09$17,199
Sep 201602,72141.553.10$8,437
Aug 201602,95841.442.92$8,650
Jul 20161633,01641.622.92$15,604
Jun 201602,82845.352.69$7,596
May 20161903,03442.521.99$14,120
Apr 201603,03436.561.99$6,041
Mar 201603,12233.011.79$5,601
Feb 20161872,98326.472.06$11,106
Jan 201603,04427.352.36$7,197
Dec 20151882,91632.362.00$11,920
Nov 201503,06938.792.17$6,652
Oct 201503,15743.552.43$7,661
Sep 20151873,17142.992.76$16,786
Aug 201503,08840.162.87$8,870
Jul 20151893,04248.152.95$18,059
Jun 201503,19056.152.88$9,196
May 201503,27255.212.96$9,670
Apr 20151833,01449.822.71$17,275
Mar 201503,19742.892.93$9,382
Feb 201502,88644.662.98$8,589
Jan 20151843,10743.433.10$17,625
Dec 201403,25154.693.59$11,676
Nov 20141823,36470.464.25$27,127
Oct 201403,56378.303.90$13,899
Sep 201403,49386.164.05$14,131
Aug 20141743,64789.394.04$30,270
Jul 201403,78396.564.18$15,811
Jun 201403,30298.164.74$15,641
May 20141863,49394.734.73$34,130
Apr 201403,29395.944.81$15,836
Mar 20141903,61395.895.06$36,489
Feb 201403,16497.406.19$19,591
Jan 20141893,38790.404.86$33,549
Dec 201303,64091.824.35$15,850
Nov 201303,40088.853.74$12,710
Oct 20131853,53597.423.78$31,383
Sep 201303,283104.113.72$12,205
Aug 201303,356104.253.52$11,822
Jul 201303,730102.523.72$13,867
Jun 201303,68694.403.93$14,499
May 20131723,90294.834.15$32,500
Apr 201303,66393.964.28$15,687
Mar 201303,76893.623.91$14,744
Feb 20131883,41091.233.42$28,813
Jan 201303,75491.603.42$12,838
Dec 20121893,68686.773.42$29,006
Nov 201202,71786.953.62$9,849
Oct 201204,01789.383.40$13,657
Sep 20121813,55294.672.92$27,501
Aug 201203,62092.662.91$10,528
Jul 201203,34085.133.02$10,089
Jun 201203,73779.822.52$9,414
May 201203,82091.612.49$9,505
Apr 201203,694101.652.00$7,376
Mar 201203,544105.052.22$7,875
Feb 20121822,940101.102.57$25,957
Jan 201203,47198.092.73$9,490
Dec 20111883,89796.873.24$30,837
Nov 20111903,85295.723.31$30,942
Oct 201104,15484.983.65$15,156
Sep 201103,97383.623.99$15,836
Aug 201104,27183.404.15$17,722
Jul 20111844,55994.144.52$37,916
Jun 201104,47692.904.64$20,768
May 201104,61498.134.40$20,324
Apr 20111674,364105.964.33$36,606
Mar 201104,55496.364.06$18,477
Feb 20111783,02785.644.18$27,897
Jan 20111894,58986.504.59$37,406
Dec 20101834,80285.734.35$36,566
Nov 201004,70680.843.80$17,861
Oct 20101914,85578.103.51$31,953
Sep 201004,81472.633.98$19,157
Aug 201003,77373.684.42$16,674
Jul 20101795,30972.554.74$38,132
Jun 20101775,32170.364.91$38,582
May 20101824,98071.124.24$34,035
Apr 201004,79881.694.12$19,781
Mar 20101824,49178.394.39$33,977
Feb 20101834,96973.585.44$40,508
Jan 20101915,36174.365.96$46,176
Dec 20091855,41371.445.48$42,900
Nov 20091865,38474.593.75$34,072
Oct 20091945,63872.544.11$37,246
Sep 20091835,79165.543.06$29,742
Aug 20091886,28467.423.22$32,900
Jul 200905,82861.133.46$20,191
Jun 20091826,11266.163.90$35,847
May 20091826,51454.743.93$35,535
Apr 20091916,07646.773.59$30,731
Mar 20091936,02042.144.06$32,568
Feb 20091924,84232.814.63$28,733
Jan 20093794,88935.865.37$39,850
Dec 20081893,29037.105.98$26,677
Nov 20081902,95155.496.86$30,788
Oct 20081952,11675.246.92$29,319
Sep 200801,989101.767.88$15,668
Aug 20081873,228114.228.48$48,742
Jul 20081935,738131.0811.39$90,651
Jun 200805,588131.3313.03$72,826
May 20081886,284123.1711.57$95,889
Apr 20081876,148110.3110.45$84,904
Mar 20081966,679101.909.66$84,519
Feb 20084006,68492.538.77$95,635
Jan 20081977,00290.388.21$75,261
Dec 20075806,68288.337.30$100,023
Nov 200706,22391.677.29$45,376
Oct 200706,52782.856.92$45,180
Sep 20073776,51675.846.24$69,279
Aug 200706,13569.066.39$39,190
Jul 20071946,16470.906.39$53,130
Jun 20071925,96062.007.55$56,893
May 20073795,73958.747.85$67,292
Apr 20073784,08559.617.81$54,417
Mar 200702,84256.927.30$20,752
Feb 20071944,62055.108.22$48,647
Jan 20071975,02150.306.73$43,685
Dec 20062005,06256.656.92$46,351
Nov 20061975,04254.207.62$49,085
Oct 20061925,46954.906.01$43,430
Sep 200605,30360.085.04$26,712
Aug 20061925,60168.717.34$54,303
Jul 20061945,64769.376.34$49,275
Jun 200605,32266.286.38$33,975
May 20061915,82566.016.42$50,034
Apr 20061945,56264.397.36$53,431
Mar 20061846,33756.707.08$55,317
Feb 20061935,49857.597.75$53,731
Jan 20061905,48160.598.93$60,476
Dec 20053874,85854.9413.42$86,434
Nov 200506,25454.6910.59$66,220
Oct 20053906,97258.3413.80$118,937
Sep 200506,01261.4512.08$72,619
Aug 20051976,98161.519.80$80,509
Jul 20051976,95055.697.84$65,484
Jun 20051956,70452.337.38$59,687
May 20051997,14145.226.65$56,495
Apr 20052017,23449.207.36$63,135
Mar 20052007,52250.377.15$63,893
Feb 20053977,08445.226.31$62,666
Jan 20052007,96343.166.32$58,976
Dec 20042037,13339.866.75$56,247
Nov 20043826,53145.286.33$58,641
Oct 20041997,18049.706.52$56,669
Sep 20041977,11743.245.28$46,124
Aug 20043947,02742.375.55$55,698
Jul 200407,00938.286.08$42,644
Jun 20043927,52536.106.43$62,560
May 20041987,00637.486.49$52,922
Apr 20041977,09534.475.86$48,356
Mar 20041986,96834.365.53$45,337
Feb 20043776,06532.455.51$45,650
Jan 20041876,77132.036.30$48,644
Dec 20033807,02130.266.30$55,743
Nov 20031996,69128.804.60$36,477
Oct 20033907,40728.174.76$46,241
Sep 20031937,77126.314.75$41,985
Aug 20031968,05029.765.13$47,127
Jul 20033898,02429.415.17$52,931
Jun 20033758,11728.565.98$59,274
May 20033688,60126.595.97$61,156
Apr 200307,99226.675.41$43,215
Mar 20033768,50231.146.10$63,537
Feb 20033766,67833.487.93$65,518
Jan 20033817,82730.315.58$55,239
Dec 20023747,93326.914.85$48,569
Nov 20025808,10524.664.14$47,833
Oct 200237510,42826.464.23$54,024
Sep 20023778,39927.443.64$40,877
Aug 20027508,01625.963.16$44,834
Jul 20023757,76324.583.06$32,986
Jun 20023788,21723.733.34$36,400
May 20027538,67724.663.58$49,667
Apr 20023788,13423.653.51$37,509
Mar 20027638,32422.003.10$42,613
Feb 20023827,46118.222.38$24,685
Jan 20027658,80517.172.38$34,053
Dec 20017627,97316.932.36$31,752
Nov 20013808,13818.072.41$26,443
Oct 20017568,42619.782.53$36,262
Sep 20017548,34624.262.25$37,082
Aug 20013778,58424.873.05$35,584
Jul 20017469,41523.933.20$47,952
Jun 20013748,51624.563.82$41,752
May 200137710,78425.524.31$56,071
Apr 20014589,09224.685.34$59,812
Mar 20017628,83224.545.38$66,184
Feb 20013818,07627.755.77$57,148
Jan 20017668,90927.478.40$95,867
Dec 20003809,59126.889.12$97,708
Nov 20007569,52232.215.66$78,226
Oct 20003809,87231.235.15$62,664
Sep 20007528,89331.875.19$70,090
Aug 200037110,50229.644.54$58,683
Jul 20001,4986,88428.534.09$70,892
Jun 20003738,64429.304.40$48,939
May 20007308,60327.263.68$51,557
Apr 20001,1367,76824.513.12$52,048
Mar 20001,1396,43828.422.86$50,781
Feb 2000012227.622.73$333
Jan 20005686,02525.272.48$29,298
Dec 199908,54224.282.42$20,703
Nov 19997378,39823.192.43$37,532
Oct 19993418,40020.982.80$30,705
Sep 19997317,81621.752.62$36,368
Aug 19997407,86019.262.88$36,855
Jul 19997437,44817.892.37$30,962
Jun 19997538,35215.942.36$31,731
May 19997438,87815.792.32$32,338
Apr 19993748,53615.102.21$24,495
Mar 19995678,68712.471.84$23,040
Feb 19997587,8329.981.82$21,802
Jan 19997618,95410.381.90$24,911
Dec 19987579,0009.201.77$22,924
Nov 19987337,55010.892.19$24,485
Oct 19987578,80712.421.97$26,745
Sep 199873610,03312.592.08$30,161
Aug 199874210,03211.301.91$27,519
Jul 199874210,37011.742.24$31,912
Jun 19981,2808,84311.242.24$34,171
May 19989474,35012.622.21$21,549
Apr 19981,1187,24413.042.51$32,727
Mar 19982,09514,27412.802.31$59,781
Feb 19981,89612,94913.952.30$56,221
Jan 19982,62514,76714.702.15$70,407
Dec 19972,27716,10816.322.41$75,999
Nov 199775411,38318.193.09$48,869
Oct 19972,23014,65519.253.15$89,088
Sep 19972,58915,56317.742.95$91,916
Aug 19971,97117,31617.862.55$79,440
Jul 19972,63216,48517.582.25$83,311
Jun 19971,85112,35217.242.26$59,792
May 19979483,52918.972.31$26,130
Apr 19971,5118,02917.882.08$43,739
Mar 19973,02221,40718.951.94$98,778
Feb 19973,22220,68320.492.21$111,643
Jan 19973,57616,80223.483.54$143,439
Dec 19963,92925,38323.32—$91,624
Nov 19964,18725,30621.97—$91,988
Oct 19964,84728,24423.31—$112,984
Sep 19964,43325,02022.22—$98,501
Aug 19965,04529,86420.26—$102,212
Jul 19967,54633,71319.55—$147,524
Jun 19968,01232,82518.73—$150,065
May 19963,37019,68319.43—$65,479
Apr 19966,69522,93721.51—$144,009
Mar 19963,3908,85619.38—$65,698

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                  366 bbl  × $106.41 =    $38,946
Casinghead gas     2,216 Mcf  × $  3.05 =     $6,750

────────────────────────────────────────────────────
Month total                                  $45,696

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/22954 is the state's own key, not one this site invented.