FLORENCE 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 23071District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$9.7 M
Sep 1996 – May 2026
Value, last 12 filed months
$14 k
at the published price for each month
Months reported
357
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
OilDisposition127,021 bbl$3,389,131
Casinghead gasProduction1,934,295 Mcf$6,314,044
Total$9,703,175

174,122 Mcf of this lease's gas, across 4 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 (1)

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 30.3082, -96.7695. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.30817, -96.76947 · 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 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
11,256 ft
1 wells filed one
Completion to plug
1 well filed both, dated out of order

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
00.0%

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

The one well that filed a depth was drilled to 11,256 ft.

Completions filed
Sep 1996
1 of 1 wells
Plug dates filed
Dec 1982
1 of 1 wells

Last completion to plug: no median is published. 1 well on this lease filed both dates, and on that one the last completion is dated after the plug date, so there is no interval to take a median of. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-287304341RE11,256 ftSep 1996Dec 1982

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 (357)

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

357 months

May 202603106.413.05$9
Apr 20260098.932.87$0
Mar 202601989.753.15$60
Feb 202606363.503.75$236
Jan 2026212559.138.00$1,118
Dec 2025018756.664.41$825
Nov 2025021058.593.93$825
Oct 2025022659.383.30$747
Sep 2025025062.743.08$769
Aug 2025025063.933.01$754
Jul 2025021966.743.32$726
Jun 202510730466.483.13$8,064
May 2025037360.553.23$1,206
Apr 2025050562.363.54$1,789
Mar 2025057867.704.27$2,467
Feb 2025861,13270.884.34$11,010
Jan 2025011874.324.28$505
Dec 2024048468.993.12$1,511
Nov 20247292569.052.20$7,005
Oct 202401,18771.372.28$2,708
Sep 202401,21669.612.36$2,875
Aug 202401,29275.632.06$2,666
Jul 202411,17179.932.15$2,594
Jun 2024931,23178.082.63$10,504
May 202411,58278.812.20$3,557
Apr 20243430584.451.66$3,377
Mar 2024951,26080.301.55$9,575
Feb 202401,20276.091.78$2,144
Jan 202401,31273.023.30$4,327
Dec 2023901,35171.262.61$9,940
Nov 20231751,32177.892.81$17,340
Oct 202301,33985.443.09$4,134
Sep 202301,27889.042.74$3,495
Aug 202301,32580.522.67$3,542
Jul 20231121,30374.852.64$11,825
Jun 202301,31968.962.26$2,979
May 202301,40270.622.23$3,123
Apr 202311,33078.122.24$3,054
Mar 202311,41672.852.39$3,462
Feb 20231781,25475.112.47$16,462
Jan 202301,40776.533.39$4,767
Dec 202201,38476.415.73$7,929
Nov 202201,44785.005.65$8,170
Oct 2022871,38387.185.86$15,694
Sep 202211,23384.888.16$10,151
Aug 202211,28494.529.13$11,814
Jul 202201,198101.587.54$9,035
Jun 202201,205115.097.98$9,613
May 20221821,260109.378.43$30,531
Apr 202211,182104.226.84$8,186
Mar 202211,239108.885.08$6,399
Feb 202201,06291.054.86$5,160
Jan 202211,18481.844.54$5,454
Dec 202101,24771.323.90$4,862
Nov 202101,17977.435.24$6,174
Oct 20211941,17079.795.71$22,164
Sep 202111,16769.865.35$6,314
Aug 202111,18766.024.22$5,076
Jul 202101,18970.783.98$4,735
Jun 202111,12969.493.38$3,886
May 202101,20063.483.02$3,621
Apr 202111,01260.362.76$2,852
Mar 202101,13061.302.72$3,070
Feb 202119181257.805.55$15,545
Jan 202111,09550.412.81$3,128
Dec 202001,00744.642.68$2,694
Nov 202011,02438.772.71$2,810
Oct 202001,11236.972.48$2,756
Sep 20201881,05937.091.99$9,081
Aug 202021,05939.982.39$2,606
Jul 202001,01338.371.83$1,849
Jun 202011,05934.901.69$1,825
May 202001,07316.921.81$1,947
Apr 2020099614.751.80$1,797
Mar 20201491,07930.341.86$6,524
Feb 2020081849.881.98$1,620
Jan 2020097257.252.09$2,036
Dec 2019190759.012.30$2,149
Nov 201916997455.302.75$12,025
Oct 201901,02553.472.42$2,479
Sep 2019097055.052.66$2,578
Aug 2019198653.112.30$2,325
Jul 201901,02456.272.46$2,519
Jun 20198699352.782.49$7,013
May 2019069458.482.74$1,902
Apr 2019194862.632.75$2,670
Mar 201918497756.803.06$13,443
Feb 2019091450.852.79$2,552
Jan 201901,00446.033.23$3,241
Dec 201801,00246.594.19$4,194
Nov 201811,00652.934.24$4,316
Oct 2018621,06861.443.40$7,438
Sep 201801,01559.543.11$3,155
Aug 20188493559.403.07$7,857
Jul 2018089265.142.93$2,615
Jun 2018092960.183.08$2,858
May 2018094365.382.90$2,735
Apr 201814199863.842.90$11,896
Mar 2018098761.222.79$2,751
Feb 2018079561.782.77$2,199
Jan 201811490562.874.01$10,796
Dec 201701,04057.272.92$3,038
Nov 2017094355.423.12$2,941
Oct 20177292249.292.98$6,300
Sep 2017178947.523.09$2,483
Aug 20177483245.373.00$5,857
Jul 201701,01843.873.09$3,143
Jun 201717798642.493.09$10,565
May 201701,00645.373.26$3,283
Apr 2017096047.933.21$3,083
Mar 201701,02346.772.98$3,052
Feb 2017093250.452.95$2,752
Jan 20176999949.413.42$6,825
Dec 201601,00248.763.72$3,730
Nov 201613799542.492.64$8,452
Oct 201601,05046.193.09$3,245
Sep 201601,00141.553.10$3,104
Aug 20161711,05441.442.92$10,168
Jul 201601,15841.622.92$3,386
Jun 2016091245.352.69$2,449
May 201601,01142.521.99$2,013
Apr 20161701,10336.561.99$8,411
Mar 201601,09233.011.79$1,959
Feb 201601,08526.472.06$2,239
Jan 201601,14127.352.36$2,698
Dec 20151411,21232.362.00$6,988
Nov 201511,09038.792.17$2,401
Oct 20151371,22443.552.43$8,936
Sep 2015099542.992.76$2,745
Aug 201501,06640.162.87$3,062
Jul 2015091148.152.95$2,683
Jun 20159898456.152.88$8,339
May 2015094955.212.96$2,805
Apr 201512286249.822.71$8,411
Mar 20151041,03042.892.93$7,483
Feb 201511,02644.662.98$3,098
Jan 201511,11543.433.10$3,501
Dec 20141591,15054.693.59$12,826
Nov 201401,06370.464.25$4,520
Oct 201401,16678.303.90$4,549
Sep 20141491,21386.164.05$17,745
Aug 201401,26089.394.04$5,084
Jul 201401,24196.564.18$5,187
Jun 20141821,15198.164.74$23,317
May 201401,21694.734.73$5,748
Apr 201401,27695.944.81$6,136
Mar 20141081,34395.895.06$17,147
Feb 201401,22497.406.19$7,579
Jan 20141011,30990.404.86$15,493
Dec 2013781,26191.824.35$12,653
Nov 201301,02088.853.74$3,813
Oct 2013095397.423.78$3,602
Sep 2013791,118104.113.72$12,381
Aug 2013691,217104.253.52$11,480
Jul 201301,185102.523.72$4,406
Jun 2013991,08094.403.93$13,594
May 201301,14694.834.15$4,755
Apr 201310170593.964.28$12,509
Mar 201301,03493.623.91$4,046
Feb 201301,18191.233.42$4,039
Jan 2013621,29591.603.42$10,108
Dec 201201,24386.773.42$4,251
Nov 20121461,20086.953.62$17,045
Oct 201201,19289.383.40$4,052
Sep 201201,21594.672.92$3,546
Aug 2012651,34992.662.91$9,946
Jul 20121181,25585.133.02$13,836
Jun 201201,26079.822.52$3,174
May 201201,31191.612.49$3,262
Apr 20121081,411101.652.00$13,796
Mar 201201,564105.052.22$3,475
Feb 2012871,508101.102.57$12,672
Jan 2012481,80698.092.73$9,646
Dec 201101,84996.873.24$5,990
Nov 2011801,77395.723.31$13,529
Oct 201101,81384.983.65$6,615
Sep 2011751,77183.623.99$13,330
Aug 20111261,71483.404.15$17,620
Jul 201101,86794.144.52$8,434
Jun 2011351,66592.904.64$10,977
May 2011881,69498.134.40$16,097
Apr 2011481,683105.964.33$12,379
Mar 2011991,73896.364.06$16,591
Feb 20111051,40185.644.18$14,848
Jan 2011501,74086.504.59$12,309
Dec 201001,92285.734.35$8,356
Nov 20101002,54480.843.80$17,739
Oct 201002,12178.103.51$7,442
Sep 2010811,88472.633.98$13,380
Aug 20101582,08473.684.42$20,851
Jul 201002,04972.554.74$9,705
Jun 20101231,92970.364.91$18,126
May 20101211,74171.124.24$15,979
Apr 201001,45881.694.12$6,011
Mar 20101202,03178.394.39$18,320
Feb 2010671,71073.585.44$14,236
Jan 201002,10274.365.96$12,537
Dec 20091463,09471.445.48$27,397
Nov 2009892,16874.593.75$14,772
Oct 20091522,20672.544.11$20,093
Sep 200902,40565.543.06$7,371
Aug 20091222,42167.423.22$16,017
Jul 20091261,93761.133.46$14,413
Jun 20091062,06466.163.90$15,052
May 20091162,09054.743.93$14,555
Apr 20091072,09146.773.59$12,506
Mar 200902,28242.144.06$9,263
Feb 20091532,06832.814.63$14,601
Jan 20091862,34135.865.37$19,243
Dec 200812,34837.105.98$14,071
Nov 20081762,06055.496.86$23,899
Oct 2008862,25075.246.92$22,045
Sep 2008781,924101.767.88$23,093
Aug 20081582,243114.228.48$37,074
Jul 2008872,075131.0811.39$35,037
Jun 200801,896131.3313.03$24,710
May 20081142,034123.1711.57$37,583
Apr 20081821,988110.3110.45$40,861
Mar 2008512,006101.909.66$24,583
Feb 20082152,18392.538.77$39,040
Jan 200802,26390.388.21$18,570
Dec 20071862,10088.337.30$31,764
Nov 20071812,12191.677.29$32,058
Oct 200701,91382.856.92$13,242
Sep 200702,01875.846.24$12,601
Aug 20071832,69869.066.39$29,873
Jul 200702,33970.906.39$14,941
Jun 20071792,14762.007.55$27,305
May 20071742,24758.747.85$27,851
Apr 200702,17259.617.81$16,953
Mar 20071782,14556.927.30$25,794
Feb 200701,92355.108.22$15,799
Jan 20071812,47250.306.73$25,733
Dec 20061802,58756.656.92$28,095
Nov 200602,39054.207.62$18,206
Oct 20061762,53554.906.01$24,907
Sep 20061812,74560.085.04$24,702
Aug 200602,86968.717.34$21,058
Jul 20061733,70269.376.34$35,482
Jun 20061834,70866.286.38$42,185
May 20061824,53566.016.42$41,151
Apr 20061863,82764.397.36$40,145
Mar 20061813,09456.707.08$32,177
Feb 20061832,47957.597.75$29,754
Jan 20061854,10360.598.93$47,863
Dec 20051793,81654.9413.42$61,027
Nov 20051844,08354.6910.59$53,295
Oct 20055405,24958.3413.80$103,918
Sep 20055495,64761.4512.08$101,946
Aug 200505,61161.519.80$54,970
Jul 20051845,85055.697.84$56,132
Jun 20051756,11652.337.38$54,300
May 20051836,64945.226.65$52,499
Apr 20053646,98549.207.36$69,322
Mar 20053547,31850.377.15$70,190
Feb 20051825,78045.226.31$44,713
Jan 20051894,96843.166.32$39,566
Dec 20041824,50439.866.75$37,661
Nov 20041925,05545.286.33$40,694
Oct 20041814,67049.706.52$39,421
Sep 20041875,18943.245.28$35,504
Aug 20041836,27642.375.55$42,590
Jul 20041836,34638.286.08$45,615
Jun 20041885,83436.106.43$44,317
May 20041815,34737.486.49$41,510
Apr 20041814,21334.475.86$30,921
Mar 20041845,16734.365.53$34,896
Feb 20041724,12732.455.51$28,320
Jan 20043475,07732.036.30$43,098
Dec 200314,82630.266.30$30,442
Nov 20033534,70428.804.60$31,782
Oct 20031925,54328.174.76$31,791
Sep 20031905,51626.314.75$31,196
Aug 20031945,67029.765.13$34,859
Jul 20031864,79429.415.17$30,259
Jun 20031864,11828.565.98$29,950
May 20031813,60026.595.97$26,314
Apr 20031923,27826.675.41$22,846
Mar 20031923,10431.146.10$24,901
Feb 20031832,85533.487.93$28,755
Jan 20031863,75330.315.58$26,587
Dec 20021955,39326.914.85$31,424
Nov 20021946,88524.664.14$33,267
Oct 20025726,69426.464.23$43,445
Sep 200206,65927.443.64$24,207
Aug 20023806,71325.963.16$31,106
Jul 20023867,56724.583.06$32,656
Jun 20021867,63923.733.34$29,915
May 20023828,40224.663.58$39,533
Apr 20023798,28623.653.51$38,066
Mar 20023758,35722.003.10$34,179
Feb 20021957,21118.222.38$20,684
Jan 20023697,94517.172.38$25,211
Dec 20013798,31816.932.36$26,084
Nov 20017568,82718.072.41$34,894
Oct 20015749,23019.782.53$34,695
Sep 20015778,35224.262.25$32,801
Aug 20013827,00024.873.05$30,872
Jul 20011875,42323.933.20$21,813
Jun 20011965,52424.563.82$25,938
May 20011817,03925.524.31$34,938
Apr 20013878,55524.685.34$55,195
Mar 20015709,45624.545.38$64,827
Feb 20017678,52727.755.77$70,460
Jan 20017819,61827.478.40$102,233
Dec 20001,1649,44226.889.12$117,423
Nov 20007689,29232.215.66$77,311
Oct 20009399,23431.235.15$76,839
Sep 200008,07731.875.19$41,891
Aug 200035911,34629.644.54$62,160
Jul 200054714,26228.534.09$73,934
Jun 200035015,11129.304.40$76,702
May 200035514,45727.263.68$62,875
Apr 200073211,95624.513.12$55,196
Mar 200037811,46628.422.86$43,533
Feb 200055714,04027.622.73$53,664
Jan 200074613,70025.272.48$52,834
Dec 199953913,85924.282.42$46,677
Nov 199976015,19723.192.43$54,614
Oct 199976514,56120.982.80$56,875
Sep 199956215,34421.752.62$52,407
Aug 199972914,41319.262.88$55,487
Jul 19991,13717,47617.892.37$61,800
Jun 199994817,33115.942.36$56,049
May 199992618,13715.792.32$56,718
Apr 199996718,23415.102.21$54,863
Mar 199996119,79112.471.84$48,366
Feb 19991,13018,0179.981.82$44,029
Jan 19991,12918,22210.381.90$46,340
Dec 19981,35019,1299.201.77$46,342
Nov 19981,08119,77210.892.19$54,988
Oct 19981,46621,13712.421.97$59,831
Sep 19981,32220,61612.592.08$59,579
Aug 19981,13721,39411.301.91$53,654
Jul 19981,08920,66411.742.24$59,016
Jun 19981,33322,01411.242.24$64,234
May 19981,32521,73612.622.21$64,679
Apr 19981,49721,79313.042.51$74,120
Mar 199896517,91612.802.31$53,728
Feb 199890915,36113.952.30$47,997
Jan 19981,26521,49014.702.15$64,902
Dec 19971,46227,99816.322.41$91,366
Nov 19971,09327,26218.193.09$104,074
Oct 19971,44125,17619.253.15$107,039
Sep 19971,24425,62317.742.95$97,781
Aug 19971,77834,60017.862.55$120,149
Jul 19971,76537,57017.582.25$115,446
Jun 19971,96838,37917.242.26$120,557
May 19972,32343,35318.972.31$144,148
Apr 19973,09545,22517.882.08$149,532
Mar 19973,83455,72718.951.94$180,717
Feb 19973,90850,22920.492.21$190,875
Jan 19977,10157,04423.483.54$368,650
Dec 19969,35461,22623.32$218,135
Nov 19969,52053,21121.97$209,154
Oct 199612,79254,59123.31$298,182
Sep 19961,9955,09422.22$44,329

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         3 Mcf  × $  3.05 =         $9

────────────────────────────────────────────────────
Month total                                       $9

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/23071 is the state's own key, not one this site invented.