ELY 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 23026District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$15.0 M
Jun 1996 – May 2026
Value, last 12 filed months
$473 k
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
OilDisposition393,937 bbl$14,136,221
Casinghead gasProduction269,412 Mcf$900,022
Total$15,036,243

24,055 Mcf of this lease's gas, across 6 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 2026523474106.413.05$57,096
Apr 202635343698.932.87$36,173
Mar 202652244089.753.15$48,235
Feb 202653744863.503.75$35,780
Jan 202654948859.138.00$36,365
Dec 202546448956.664.41$28,448
Nov 202570048058.593.93$42,898
Oct 202570448559.383.30$43,406
Sep 202570247062.743.08$45,490
Aug 202536247563.933.01$24,575
Jul 202553546066.743.32$37,231
Jun 202553748066.483.13$37,202
May 202586543560.553.23$53,782
Apr 202518120762.363.54$12,021
Mar 202533330067.704.27$23,825
Feb 202588042270.884.34$64,206
Jan 202535334074.324.28$27,690
Dec 202470541068.993.12$49,918
Nov 202469540969.052.20$48,889
Oct 202452537571.372.28$38,325
Sep 202471441669.612.36$50,685
Aug 202452045175.632.06$40,258
Jul 202468338779.932.15$55,423
Jun 20241,23546678.082.63$97,656
May 202451649678.812.20$41,756
Apr 202489048084.451.66$75,957
Mar 202471349680.301.55$58,020
Feb 20241,08446476.091.78$83,309
Jan 20241,08145273.023.30$80,425
Dec 20231,21349671.262.61$87,733
Nov 20231,05947777.892.81$83,825
Oct 20231,43044985.443.09$123,565
Sep 20231,41144689.042.74$126,855
Aug 20231,94649680.522.67$158,018
Jul 20231,97049374.852.64$148,757
Jun 202389344668.962.26$62,589
May 20231768670.622.23$12,621
Apr 202352032178.122.24$41,341
Mar 202352749672.852.39$39,579
Feb 202335536475.112.47$27,562
Jan 202351149676.533.39$40,787
Dec 202235945676.415.73$30,044
Nov 202254748085.005.65$49,205
Oct 202251949687.185.86$48,155
Sep 202252848084.888.16$48,735
Aug 202253451794.529.13$55,192
Jul 2022719496101.587.54$76,777
Jun 2022371406115.097.98$45,937
May 2022339248109.378.43$39,168
Apr 2022529240104.226.84$56,773
Mar 2022353248108.885.08$39,694
Feb 202236122491.054.86$33,957
Jan 202256124881.844.54$47,038
Dec 2021742071.323.90$52,919
Nov 2021522077.435.24$40,418
Oct 2021700079.795.71$55,853
Sep 2021528069.865.35$36,886
Aug 2021772066.024.22$50,967
Jul 2021730070.783.98$51,669
Jun 2021517069.493.38$35,926
May 2021518063.483.02$32,883
Apr 2021363060.362.76$21,911
Mar 2021543061.302.72$33,286
Feb 2021369057.805.55$21,328
Jan 2021537050.412.81$27,070
Dec 2020532044.642.68$23,748
Nov 2020546038.772.71$21,168
Oct 2020891036.972.48$32,940
Sep 20200037.091.99$0
Aug 2020174039.982.39$6,957
Jul 2020180038.371.83$6,907
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20203511914.751.80$5,212
Mar 202034166430.341.86$11,578
Feb 202036853349.881.98$19,412
Jan 202053269357.252.09$31,909
Dec 201953267859.012.30$32,956
Nov 201937772855.302.75$22,851
Oct 201934178653.472.42$20,134
Sep 201968084355.052.66$39,674
Aug 201934779853.112.30$20,268
Jul 201949879456.272.46$29,976
Jun 2019495052.782.49$26,126
May 20195168458.482.74$30,406
Apr 201951556762.632.75$33,814
Mar 201966583356.803.06$40,323
Feb 201965871550.852.79$35,456
Jan 201957678146.033.23$29,034
Dec 201864872346.594.19$33,216
Nov 201869476852.934.24$39,988
Oct 201870578461.443.40$45,979
Sep 201882587559.543.11$51,840
Aug 20185661,06959.403.07$36,899
Jul 20184961,10565.142.93$35,549
Jun 20188661,07760.183.08$55,430
May 20187431,12165.382.90$51,829
Apr 201873293063.842.90$49,429
Mar 20187491,01061.222.79$48,668
Feb 201884895861.782.77$55,039
Jan 20189511,01662.874.01$63,863
Dec 201776589557.272.92$46,426
Nov 20179271,09355.423.12$54,783
Oct 20177641,15449.292.98$41,101
Sep 201794880747.523.09$47,540
Aug 20179371,27245.373.00$46,333
Jul 20179321,29243.873.09$44,876
Jun 20178991,29442.493.09$42,193
May 20171,1271,41945.373.26$55,763
Apr 20171,3031,31147.933.21$66,663
Mar 20171,0981,14546.772.98$54,770
Feb 20178501,26050.452.95$46,603
Jan 20171,2611,05949.413.42$65,927
Dec 20161,02190348.763.72$53,146
Nov 20168961,00342.492.64$40,723
Oct 20168351,03446.193.09$41,764
Sep 201671583041.553.10$32,282
Aug 20168961,08441.442.92$40,300
Jul 20168991,28641.622.92$41,177
Jun 201671798545.352.69$35,161
May 20161,0731,26542.521.99$48,143
Apr 20167151,22836.561.99$28,585
Mar 20169071,29133.011.79$32,256
Feb 20167261,25426.472.06$21,805
Jan 20161,0811,31827.352.36$32,682
Dec 20159211,38732.362.00$32,580
Nov 20159091,34838.792.17$38,182
Oct 20159021,33543.552.43$42,522
Sep 20151,1111,24942.992.76$51,207
Aug 20159071,28240.162.87$40,108
Jul 20151,0821,40648.152.95$56,239
Jun 201517922656.152.88$10,702
May 2015020655.212.96$609
Apr 2015019549.822.71$528
Mar 201517920442.892.93$8,276
Feb 2015017344.662.98$515
Jan 20151798543.433.10$8,038
Dec 201418016254.693.59$10,426
Nov 2014017070.464.25$723
Oct 201418329778.303.90$15,487
Sep 2014029586.164.05$1,193
Aug 201417945889.394.04$17,849
Jul 201418141096.564.18$19,191
Jun 2014033198.164.74$1,568
May 201419238594.734.73$20,008
Apr 2014129595.944.81$1,515
Mar 201418227795.895.06$18,853
Feb 201419126597.406.19$20,244
Jan 2014031590.404.86$1,531
Dec 201318630291.824.35$18,394
Nov 201318529588.853.74$17,540
Oct 2013127597.423.78$1,137
Sep 2013179271104.113.72$19,643
Aug 2013184286104.253.52$20,189
Jul 20130294102.523.72$1,093
Jun 201318030994.403.93$18,207
May 201317924694.834.15$17,995
Apr 201318923293.964.28$18,752
Mar 2013013693.623.91$532
Feb 2013018391.233.42$626
Jan 201336031591.603.42$34,053
Dec 2012026786.773.42$913
Nov 201218121186.953.62$16,503
Oct 2012014489.383.40$490
Sep 201218711094.672.92$18,024
Aug 2012014492.662.91$419
Jul 201217735885.133.02$16,149
Jun 201218319379.822.52$15,093
May 2012020791.612.49$515
Apr 2012178214101.652.00$18,521
Mar 2012184216105.052.22$19,809
Feb 2012182196101.102.57$18,904
Jan 2012022498.092.73$612
Dec 201117723896.873.24$17,917
Nov 201118217095.723.31$17,984
Oct 2011016884.983.65$613
Sep 201117815483.623.99$15,498
Aug 201118123583.404.15$16,070
Jul 201118022694.144.52$17,966
Jun 201118631792.904.64$18,750
May 201119426998.134.40$20,222
Apr 2011187197105.964.33$20,668
Mar 20111837996.364.06$17,954
Feb 201118815085.644.18$16,727
Jan 201137131186.504.59$33,519
Dec 201053736185.734.35$47,607
Nov 201093035580.843.80$76,529
Oct 201018416978.103.51$14,963
Sep 201017930872.633.98$14,226
Aug 201036124373.684.42$27,672
Jul 20101763572.554.74$12,935
Jun 201035848370.364.91$27,561
May 201017829171.124.24$13,892
Apr 201036635381.694.12$31,354
Mar 201035942878.394.39$30,020
Feb 201036240473.585.44$28,835
Jan 201035943274.365.96$29,272
Dec 200935540971.445.48$27,604
Nov 200935842474.593.75$28,294
Oct 200936039572.544.11$27,738
Sep 200936147165.543.06$25,103
Aug 200936450067.423.22$26,150
Jul 200936048461.133.46$23,684
Jun 200936944666.163.90$26,150
May 200938349754.743.93$22,917
Apr 200954537946.773.59$26,849
Mar 200936129642.144.06$16,414
Feb 200937838932.814.63$14,204
Jan 200955949635.865.37$22,710
Dec 200834652337.105.98$15,963
Nov 200852351755.496.86$32,568
Oct 200850754775.246.92$41,933
Sep 2008356675101.767.88$41,544
Aug 2008531666114.228.48$66,301
Jul 2008356596131.0811.39$53,453
Jun 2008707419131.3313.03$98,311
May 2008354106123.1711.57$44,829
Apr 2008327170110.3110.45$37,849
Mar 2008355194101.909.66$38,049
Feb 200860018792.538.77$57,158
Jan 200835418890.388.21$33,537
Dec 200735620488.337.30$32,935
Nov 200735918591.677.29$34,258
Oct 200754022382.856.92$46,283
Sep 200734723575.846.24$27,784
Aug 200736121469.066.39$26,298
Jul 200754342070.906.39$41,182
Jun 200736363162.007.55$27,269
May 200754764158.747.85$37,160
Apr 200753458859.617.81$36,421
Mar 200736550856.927.30$24,485
Feb 200754652255.108.22$34,373
Jan 200755452750.306.73$31,411
Dec 200673643456.656.92$44,697
Nov 200671260254.207.62$43,176
Oct 200672671054.906.01$44,127
Sep 200635937060.085.04$23,432
Aug 200671775068.717.34$54,770
Jul 200672175469.376.34$54,798
Jun 200654480566.286.38$41,195
May 200688483266.016.42$63,698
Apr 200689960064.397.36$62,303
Mar 200689675356.707.08$56,137
Feb 200672682157.597.75$48,174
Jan 200670387060.598.93$50,367
Dec 20051,08475654.9413.42$69,697
Nov 200593976254.6910.59$59,422
Oct 20051,04883058.3413.80$72,591
Sep 200572376461.4512.08$53,657
Aug 20051,1051,01461.519.80$77,903
Jul 200591647755.697.84$54,753
Jun 20051,11664352.337.38$63,146
May 20059281,12545.226.65$49,447
Apr 20059481,16849.207.36$55,239
Mar 20051,1091,09950.377.15$63,724
Feb 20051,27479345.226.31$62,616
Jan 200569536743.166.32$32,316
Dec 200474731439.866.75$31,895
Nov 20041,31659645.286.33$63,361
Oct 200474422349.706.52$38,430
Sep 20043665143.245.28$16,095
Aug 200402542.375.55$139
Jul 200403738.286.08$225
Jun 200403536.106.43$225
May 200405037.486.49$325
Apr 20043487434.475.86$12,429
Mar 20043434534.365.53$12,034
Feb 200418515832.455.51$6,874
Jan 200476134832.036.30$26,567
Dec 200375734930.266.30$25,106
Nov 20033604528.804.60$10,575
Oct 20033507028.174.76$10,193
Sep 20031806726.314.75$5,054
Aug 20031845929.765.13$5,778
Jul 200374227429.415.17$23,239
Jun 200356337028.565.98$18,293
May 20031,11329326.595.97$31,345
Apr 20031,32194326.675.41$40,330
Mar 20031,08757831.146.10$37,373
Feb 200371951333.487.93$28,138
Jan 20031,45164430.315.58$47,575
Dec 200293369126.914.85$28,461
Nov 20021,31271224.664.14$35,299
Oct 20021,27065626.464.23$36,379
Sep 20021,29385327.443.64$38,581
Aug 20021,44289525.963.16$40,266
Jul 20021,2671,23224.583.06$34,915
Jun 20021,28268023.733.34$32,692
May 20021,2681,30724.663.58$35,953
Apr 20021,4691,40323.653.51$39,670
Mar 20021,4961,47822.003.10$37,498
Feb 20021,3041,37018.222.38$27,014
Jan 20021,46087417.172.38$27,145
Dec 20011,9171,48216.932.36$35,959
Nov 20011,7701,10718.072.41$34,647
Oct 20011,59479219.782.53$33,532
Sep 20011,94196424.262.25$49,259
Aug 20012,26976824.873.05$58,775
Jul 200168418323.933.20$16,953
Jun 200137022024.563.82$9,929
May 20011,37491025.524.31$38,984
Apr 20011,35277924.685.34$37,524
Mar 20011,20868624.545.38$33,333
Feb 20011,53152627.755.77$45,519
Jan 20011,60653527.478.40$48,610
Dec 20001,72060226.889.12$51,725
Nov 20001,8283632.215.66$59,084
Oct 20001,52578831.235.15$51,680
Sep 20001,97474531.875.19$66,775
Aug 20001,7941,02529.644.54$57,828
Jul 20001,8831,33528.534.09$59,182
Jun 20002,1121,11129.304.40$66,767
May 20002,4611,16527.263.68$71,374
Apr 20002,30683924.513.12$59,134
Mar 20002,1181,07528.422.86$63,268
Feb 20002,12994827.622.73$61,388
Jan 20002,50599925.272.48$65,779
Dec 19992,14892724.282.42$54,400
Nov 19992,4901,14723.192.43$60,535
Oct 19992,4731,04120.982.80$54,802
Sep 19992,31194221.752.62$52,731
Aug 19993,11772719.262.88$62,124
Jul 19991,23834517.892.37$22,966
Jun 199989948915.942.36$15,485
May 19991,7661,38615.792.32$31,102
Apr 19991,7741,35415.102.21$29,777
Mar 19992,1431,69212.471.84$29,834
Feb 19992,1451,6239.981.82$24,357
Jan 19992,3251,89410.381.90$27,732
Dec 19982,3111,9309.201.77$24,684
Nov 19982,4952,07710.892.19$31,710
Oct 19982,4561,81112.421.97$34,070
Sep 19982,3641,45012.592.08$32,783
Aug 19982,8141,33011.301.91$34,335
Jul 19982,8141,40311.742.24$36,175
Jun 19982,8121,63211.242.24$35,258
May 19982,8358612.622.21$35,967
Apr 19982,67234913.042.51$35,717
Mar 19982,83968312.802.31$37,917
Feb 19982,85159913.952.30$41,149
Jan 19983,73689114.702.15$56,839
Dec 19973,7391,98216.322.41$65,799
Nov 19973,0283,71118.193.09$66,540
Oct 19973,6964,89619.253.15$86,570
Sep 19973,8504,71317.742.95$82,225
Aug 19975,3855,03817.862.55$109,047
Jul 19974,1794,10717.582.25$82,695
Jun 19973,5024,77017.242.26$71,141
May 19974,4134,19118.972.31$93,390
Apr 19974,5545,09017.882.08$92,027
Mar 19975,4904,78818.951.94$113,320
Feb 19976,4935,28020.492.21$144,689
Jan 19973,1632,65023.483.54$83,647
Dec 19966,915023.32$161,258
Nov 19968,3944,87821.97$184,416
Oct 199610,7784,53523.31$251,235
Sep 199614,4024,66022.22$320,012
Aug 199616,8204,76320.26$340,773
Jul 199617,6684,76819.55$345,409
Jun 199685245118.73$15,958

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                  523 bbl  × $106.41 =    $55,652
Casinghead gas       474 Mcf  × $  3.05 =     $1,444

────────────────────────────────────────────────────
Month total                                  $57,096

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/23026 is the state's own key, not one this site invented.