ELY UNIT 2

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 23025District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$37.6 M
Jun 1996 – May 2026
Value, last 12 filed months
$1.3 M
at the published price for each month
Months reported
360
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
OilDisposition730,663 bbl$35,192,075
Casinghead gasProduction676,557 Mcf$2,413,487
Total$37,605,562

25,236 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 (360)

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

360 months

May 20261,2684,732106.413.05$149,341
Apr 20261,7834,98498.932.87$190,695
Mar 20261,2944,50789.753.15$130,331
Feb 20261,0183,02163.503.75$75,973
Jan 20261,0074,06259.138.00$92,031
Dec 20251,0753,86856.664.41$77,980
Nov 20251,3413,66358.593.93$92,952
Oct 20251,3284,06659.383.30$92,294
Sep 20251,6122,42462.743.08$108,595
Aug 20251,3944,03363.933.01$101,277
Jul 20251,6975,04466.743.32$129,980
Jun 20251,3244,38166.483.13$101,726
May 20251,7334,54360.553.23$119,618
Apr 20251,5044,32362.363.54$109,106
Mar 20251,7065,43767.704.27$138,703
Feb 20252,0064,03470.884.34$159,696
Jan 20251,4345,29374.324.28$129,222
Dec 20241,8715,45368.993.12$146,101
Nov 20241,6435,12569.052.20$124,716
Oct 20242,1096,00371.372.28$164,215
Sep 20241,9185,58069.612.36$146,705
Aug 20241,9883,10875.632.06$156,766
Jul 20241,4802,54079.932.15$123,749
Jun 20241,3822,44178.082.63$114,336
May 20241,5213,15978.812.20$126,815
Apr 20241,7103,20484.451.66$149,726
Mar 20241,4393,01480.301.55$120,209
Feb 20241,5081,31976.091.78$117,096
Jan 20241,3701,59673.023.30$105,300
Dec 20231,6672,75671.262.61$125,986
Nov 20232,0864,00177.892.81$173,712
Oct 20232,2523,03785.443.09$201,787
Sep 20231,8303,62689.042.74$172,860
Aug 20232,1043,39680.522.67$178,491
Jul 20232,9663,50374.852.64$231,259
Jun 20231,7583,25468.962.26$128,581
May 20232,4323,97870.622.23$180,608
Apr 20232,3483,23278.122.24$190,658
Mar 20232,1693,76772.852.39$167,027
Feb 20232,3434,35475.112.47$186,718
Jan 20232,1474,52576.533.39$179,639
Dec 20221,9484,44376.415.73$174,301
Nov 20222,1503,91885.005.65$204,872
Oct 20222,6404,75787.185.86$258,049
Sep 20223,1185,11484.888.16$306,405
Aug 20223,0464,60394.529.13$329,920
Jul 20223,1435,123101.587.54$357,904
Jun 20223,2005,674115.097.98$413,551
May 20223,5915,307109.378.43$437,502
Apr 20223,7734,946104.226.84$427,041
Mar 20224,4812,276108.885.08$499,445
Feb 20225,6452,62391.054.86$526,722
Jan 20227,1952,75281.844.54$601,327
Dec 20212,19362471.323.90$158,838
Nov 20211,3301,53677.435.24$111,026
Oct 20213,9404,94179.795.71$342,605
Sep 20213,5382,90069.865.35$262,682
Aug 20213,9592,76766.024.22$273,052
Jul 20213,5602,23570.783.98$260,877
Jun 20214,4341,01869.493.38$311,560
May 20212,38958663.483.02$153,422
Apr 20213,44955660.362.76$209,715
Mar 20213,65326861.302.72$224,657
Feb 20211,327057.805.55$76,701
Jan 2021363050.412.81$18,299
Dec 20202,7183,43144.642.68$130,511
Nov 20202,0473,43138.772.71$88,648
Oct 20204,0743,86036.972.48$160,183
Sep 20201,9811,29437.091.99$76,052
Aug 20203,54199239.982.39$143,935
Jul 20200038.371.83$0
Jun 20203241,19234.901.69$13,322
May 20207646116.921.81$2,123
Apr 20201,57151814.751.80$24,107
Mar 20203,19667430.341.86$98,218
Feb 20202,92880349.881.98$147,639
Jan 20201,61446457.252.09$93,373
Dec 20191,11733159.012.30$66,677
Nov 20193,12564455.302.75$174,584
Oct 20193,7183,91153.472.42$208,260
Sep 20193,7985,77555.052.66$224,426
Aug 20194,42748753.112.30$236,240
Jul 20195,1496,37356.272.46$305,412
Jun 20193,88614852.782.49$205,472
May 20194,5153,30258.482.74$273,086
Apr 20193,9444,33162.632.75$258,926
Mar 20195,0235,04656.803.06$300,758
Feb 20194,1814,49750.852.79$225,160
Jan 20194,6544,80346.033.23$229,729
Dec 20183,6633,67546.594.19$186,041
Nov 20185,1126,27252.934.24$297,154
Oct 20184,9666,03961.443.40$325,632
Sep 20187,3216,94759.543.11$457,484
Aug 20184,5307,74059.403.07$292,817
Jul 20185,7797,74765.142.93$399,157
Jun 20186,6988,28360.183.08$428,572
May 20187,5029,18665.382.90$517,128
Apr 20187,8068,88563.842.90$524,109
Mar 20188,92510,94861.222.79$576,899
Feb 20188,47411,73961.782.77$555,995
Jan 201812,41316,05462.874.01$844,771
Dec 201713,76215,97557.272.92$834,821
Nov 201711,4658,72355.423.12$662,592
Oct 201713,4028,94649.292.98$687,277
Sep 201719,79911,03647.523.09$974,920
Aug 201719,1556,58645.373.00$888,849
Jul 20179,0183,23343.873.09$405,601
Jun 20179171,13042.493.09$42,452
May 20171,1121,33745.373.26$54,815
Apr 20177371,09447.933.21$38,838
Mar 20171,2201,10246.772.98$60,347
Feb 20177411,18450.452.95$40,879
Jan 20171,0831,32049.413.42$58,024
Dec 20161,3191,01448.763.72$68,089
Nov 20167241,19742.492.64$33,928
Oct 20168991,22746.193.09$45,317
Sep 20161,3801,15941.553.10$60,933
Aug 201618121041.442.92$8,115
Jul 201618120641.622.92$8,136
Jun 201617721545.352.69$8,604
May 2016222042.521.99$523
Apr 201636618136.561.99$13,741
Mar 2016121333.011.79$415
Feb 201618520226.472.06$5,314
Jan 201618119427.352.36$5,409
Dec 201519223832.362.00$6,689
Nov 201518021538.792.17$7,448
Oct 201518724743.552.43$8,743
Sep 201519022442.992.76$8,786
Aug 201518920640.162.87$8,182
Jul 201519018448.152.95$9,690
Jun 201518416156.152.88$10,796
May 201517813255.212.96$10,218
Apr 201517916049.822.71$9,351
Mar 201535621742.892.93$15,906
Feb 201518021444.662.98$8,676
Jan 201518024843.433.10$8,586
Dec 201418029654.693.59$10,907
Nov 201418135970.464.25$14,280
Oct 201418644778.303.90$16,308
Sep 201417839786.164.05$16,943
Aug 201436535289.394.04$34,048
Jul 201418036796.564.18$18,915
Jun 201418235498.164.74$19,542
May 201438135194.734.73$37,751
Apr 201418734495.944.81$19,595
Mar 201418429795.895.06$19,146
Feb 201418328497.406.19$19,583
Jan 201418128490.404.86$17,743
Dec 201335931891.824.35$34,348
Nov 201318432088.853.74$17,545
Oct 201318034097.423.78$18,821
Sep 2013180406104.113.72$20,249
Aug 2013367376104.253.52$39,584
Jul 2013357352102.523.72$37,908
Jun 201317932794.403.93$18,184
May 201336134294.834.15$35,653
Apr 201317733593.964.28$18,066
Mar 201336330093.623.91$35,158
Feb 201317936191.233.42$17,565
Jan 201336133591.603.42$34,213
Dec 201218334786.773.42$17,066
Nov 201236533386.953.62$32,944
Oct 201218237289.383.40$17,532
Sep 201236429594.672.92$35,321
Aug 201235837592.662.91$34,263
Jul 201237244185.133.02$33,001
Jun 201218527579.822.52$15,459
May 201235732891.612.49$33,521
Apr 2012180348101.652.00$18,992
Mar 2012369350105.052.22$39,541
Feb 2012345350101.102.57$35,779
Jan 201236533898.092.73$36,727
Dec 201136536196.873.24$36,527
Nov 201137239595.723.31$36,916
Oct 201155143284.983.65$48,400
Sep 201155837283.623.99$48,143
Aug 201137043283.404.15$32,651
Jul 201137359694.144.52$37,807
Jun 201154656992.904.64$53,363
May 201174269698.134.40$75,878
Apr 2011549582105.964.33$60,694
Mar 201137251896.364.06$37,948
Feb 201136246885.644.18$32,958
Jan 201139244986.504.59$35,968
Dec 201035746185.734.35$32,610
Nov 201054448880.843.80$45,829
Oct 201037151778.103.51$30,789
Sep 201036050572.633.98$28,156
Aug 201054446473.684.42$42,133
Jul 201035944772.554.74$28,163
Jun 201036042670.364.91$27,421
May 201035847971.124.24$27,490
Apr 201053543181.694.12$45,481
Mar 201035746178.394.39$30,008
Feb 201036345873.585.44$29,202
Jan 201054750374.365.96$43,675
Dec 200935846971.445.48$28,147
Nov 200953749974.593.75$41,927
Oct 200935746972.544.11$27,824
Sep 200953953065.543.06$36,950
Aug 200935850567.423.22$25,762
Jul 200936152761.133.46$23,894
Jun 200954246566.163.90$37,670
May 200937449954.743.93$22,432
Apr 200936346346.773.59$18,639
Mar 200955949442.144.06$25,561
Feb 200936144632.814.63$13,911
Jan 200936135335.865.37$14,841
Dec 200868717737.105.98$26,546
Nov 200833819755.496.86$20,107
Oct 200867526075.246.92$52,587
Sep 2008517455101.767.88$56,194
Aug 2008529622114.228.48$65,699
Jul 2008530691131.0811.39$77,343
Jun 2008532617131.3313.03$77,909
May 2008531665123.1711.57$73,100
Apr 2008697718110.3110.45$84,393
Mar 2008696670101.909.66$77,397
Feb 200846170092.538.77$48,796
Jan 200871160890.388.21$69,249
Dec 200753664588.337.30$52,055
Nov 200772972691.677.29$72,121
Oct 200771781382.856.92$65,031
Sep 200771495275.846.24$60,094
Aug 200771370069.066.39$53,711
Jul 200771762370.906.39$54,815
Jun 200753637562.007.55$36,063
May 200736025358.747.85$23,132
Apr 200771558859.617.81$47,211
Mar 200736363156.927.30$25,270
Feb 200770665455.108.22$44,274
Jan 200736757150.306.73$22,301
Dec 200673161056.656.92$45,631
Nov 200654364854.207.62$34,367
Oct 200654876754.906.01$34,698
Sep 200670274760.085.04$45,939
Aug 200672277468.717.34$55,290
Jul 200653873469.376.34$41,977
Jun 200671572466.286.38$52,012
May 200669874766.016.42$50,874
Apr 200651661064.397.36$37,715
Mar 200670963356.707.08$44,684
Feb 200673062357.597.75$46,870
Jan 200688077460.598.93$60,234
Dec 200557261254.9413.42$39,636
Nov 200555070754.6910.59$37,566
Oct 200570884958.3413.80$53,017
Sep 200554861261.4512.08$41,067
Aug 200593391161.519.80$66,314
Jul 200555628455.697.84$33,191
Jun 200573365052.337.38$43,156
May 200574366845.226.65$38,041
Apr 200591161449.207.36$49,341
Mar 200571653850.377.15$39,914
Feb 200573635745.226.31$35,535
Jan 200573157843.166.32$35,204
Dec 200489738239.866.75$38,333
Nov 200473558645.286.33$36,990
Oct 200472368549.706.52$40,396
Sep 200492780243.245.28$44,321
Aug 200492272142.375.55$43,067
Jul 200493280238.286.08$40,556
Jun 200474684036.106.43$32,334
May 200474978137.486.49$33,145
Apr 200490888534.475.86$36,484
Mar 20041,11791834.365.53$43,457
Feb 200493468032.455.51$34,055
Jan 20041,14199832.036.30$42,833
Dec 20039481,03330.266.30$35,196
Nov 200393090128.804.60$30,924
Oct 20031,29161128.174.76$39,276
Sep 20031,3031,17126.314.75$39,843
Aug 20031,3081,31729.765.13$45,682
Jul 20031,6551,33429.415.17$55,571
Jun 20031,4911,33628.565.98$50,576
May 20032,06548526.595.97$57,805
Apr 200337041826.675.41$12,128
Mar 20031,07585331.146.10$38,675
Feb 200371767733.487.93$29,371
Jan 20031,10069130.315.58$37,198
Dec 200290794326.914.85$28,984
Nov 20021,10096024.664.14$31,097
Oct 20021,0831,14626.464.23$33,503
Sep 20021,0731,05927.443.64$33,293
Aug 20021,24969625.963.16$34,626
Jul 20021,4401,23524.583.06$39,176
Jun 20021,2951,13723.733.34$34,526
May 20021,2671,10224.663.58$35,194
Apr 20021,4691,55423.653.51$40,200
Mar 20021,5071,83222.003.10$38,838
Feb 20021,6221,49918.222.38$33,114
Jan 20021,4821,43617.172.38$28,857
Dec 20011,4401,28316.932.36$27,413
Nov 20011,5851,27718.072.41$31,713
Oct 20012,11057919.782.53$43,200
Sep 20011,38921024.262.25$34,170
Aug 20011833724.873.05$4,664
Jul 200113723.933.20$142
Jun 20011,22411524.563.82$30,501
May 20011,39610225.524.31$36,065
Apr 20011,74069424.685.34$46,646
Mar 20011,02326324.545.38$26,518
Feb 20011,19432827.755.77$35,025
Jan 20011,54045827.478.40$46,150
Dec 20001,47759626.889.12$45,139
Nov 20001,6663632.215.66$53,866
Oct 20001,8581,00831.235.15$63,212
Sep 20001,32481031.875.19$46,397
Aug 20002,0991,34529.644.54$68,322
Jul 20001,7151,07428.534.09$53,321
Jun 20001,9391,02429.304.40$61,315
May 20001,42583627.263.68$41,922
Apr 20001,78682924.513.12$46,358
Mar 20001,61496728.422.86$48,635
Feb 20001,95791027.622.73$56,533
Jan 20001,62191325.272.48$43,227
Dec 19992,14794124.282.42$54,410
Nov 19991,7911,45023.192.43$45,063
Oct 19991,7891,45920.982.80$41,624
Sep 19991,7561,24821.752.62$41,461
Aug 19992,3211,55419.262.88$49,171
Jul 19992,1141,71317.892.37$41,883
Jun 19991,07871115.942.36$18,863
May 19992,1291,51215.792.32$37,126
Apr 19992,1421,65415.102.21$35,996
Mar 19992,1421,40112.471.84$29,286
Feb 19991,9601,2719.981.82$21,871
Jan 19992,3171,29710.381.90$26,515
Dec 19982,1461,1859.201.77$21,845
Nov 19982,5121,31010.892.19$30,219
Oct 19982,5031,35912.421.97$33,763
Sep 19982,7531,47712.592.08$37,736
Aug 19982,9781,43311.301.91$36,385
Jul 19982,26574111.742.24$28,249
Jun 19982,4811,63811.242.24$31,551
May 19983,1981,44412.622.21$43,545
Apr 19982,6611,41113.042.51$38,234
Mar 19983,2042,06512.802.31$45,780
Feb 19983,2242,00813.952.30$49,591
Jan 19983,7712,26614.702.15$60,316
Dec 19973,5151,81916.322.41$61,751
Nov 19974,2922,10918.193.09$84,585
Oct 19973,3671,56119.253.15$69,732
Sep 19974,1893,88117.742.95$85,781
Aug 19974,6384,12217.862.55$93,365
Jul 19974,4785,07717.582.25$90,131
Jun 19974,4204,92917.242.26$87,327
May 19974,5615,30718.972.31$98,773
Apr 19975,6375,29017.882.08$111,807
Mar 19976,6025,36218.951.94$135,506
Feb 19976,3304,98420.492.21$140,696
Jan 19978,6544,80223.483.54$220,194
Dec 199612,0432,98223.32$280,843
Nov 199614,1174,29221.97$310,150
Oct 199618,5824,09223.31$433,146
Sep 19965,3193,59122.22$118,188
Aug 199612,4445,96420.26$252,115
Jul 199613,2723,73419.55$259,468
Jun 19961,55658118.73$29,144

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                1,268 bbl  × $106.41 =   $134,928
Casinghead gas     4,732 Mcf  × $  3.05 =    $14,413

────────────────────────────────────────────────────
Month total                                 $149,341

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/23025 is the state's own key, not one this site invented.