STEWART 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 23138District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$12.8 M
Nov 1996 – May 2026
Value, last 12 filed months
$170 k
at the published price for each month
Months reported
355
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
OilDisposition328,202 bbl$11,961,237
Casinghead gasProduction176,049 Mcf$827,503
Total$12,788,740

2,746 Mcf of this lease's gas, across 1 month, 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 (355)

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

355 months

May 20260766106.413.05$2,333
Apr 202635467398.932.87$36,953
Mar 2026068489.753.15$2,154
Feb 20261701,03563.503.75$14,677
Jan 202617994359.138.00$18,126
Dec 202517281456.664.41$13,338
Nov 202517894458.593.93$14,136
Oct 202517486259.383.30$13,181
Sep 202517387362.743.08$13,540
Aug 202517696063.933.01$14,146
Jul 202517578366.743.32$14,275
Jun 202517827266.483.13$12,684
May 20250060.553.23$0
Apr 2025020462.363.54$723
Mar 202517424867.704.27$12,838
Feb 202535022070.884.34$25,763
Jan 2025124874.324.28$1,135
Dec 202434924868.993.12$24,852
Nov 202416224069.052.20$11,714
Oct 202417620871.372.28$13,036
Sep 202416624069.612.36$12,123
Aug 202435324875.632.06$27,209
Jul 202416524279.932.15$13,708
Jun 202435023578.082.63$27,947
May 202417424878.812.20$14,258
Apr 202416624084.451.66$14,417
Mar 202436424880.301.55$29,612
Feb 202417422476.091.78$13,639
Jan 202435723273.023.30$26,833
Dec 202317721671.262.61$13,177
Nov 202335222577.892.81$28,049
Oct 202317820385.443.09$15,835
Sep 202318424089.042.74$17,040
Aug 202335424880.522.67$29,167
Jul 202318824874.852.64$14,727
Jun 202317812068.962.26$12,546
May 202317924370.622.23$13,182
Apr 202318822878.122.24$15,197
Mar 202333920472.852.39$25,184
Feb 202320822475.112.47$16,175
Jan 202336822076.533.39$28,908
Dec 202234624876.415.73$27,859
Nov 202234517085.005.65$30,285
Oct 202219621087.185.86$18,319
Sep 202236419284.888.16$32,464
Aug 202217724894.529.13$18,994
Jul 2022539248101.587.54$56,622
Jun 2022176240115.097.98$22,170
May 2022536248109.378.43$60,714
Apr 2022541240104.226.84$58,024
Mar 2022342248108.885.08$38,496
Feb 202254522491.054.86$50,711
Jan 202273024881.844.54$60,869
Dec 2021555071.323.90$39,583
Nov 2021891077.435.24$68,990
Oct 20211,265079.795.71$100,934
Sep 20210069.865.35$0
Aug 2021365066.024.22$24,097
Jul 2021530070.783.98$37,513
Jun 2021356069.493.38$24,738
May 2021517063.483.02$32,819
Apr 2021545060.362.76$32,896
Mar 2021549061.302.72$33,654
Feb 2021360057.805.55$20,808
Jan 2021550050.412.81$27,726
Dec 2020900044.642.68$40,176
Nov 2020908038.772.71$35,203
Oct 2020349036.972.48$12,903
Sep 2020707037.091.99$26,223
Aug 20201,574039.982.39$62,929
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020173016.921.81$2,927
Apr 2020702014.751.80$10,355
Mar 20201,043030.341.86$31,645
Feb 2020898049.881.98$44,792
Jan 2020735157.252.09$42,081
Dec 20191,080459.012.30$63,740
Nov 2019935055.302.75$51,706
Oct 20191,107053.472.42$59,191
Sep 2019903055.052.66$49,710
Aug 20191,235053.112.30$65,591
Jul 201988418256.272.46$50,190
Jun 20191,575052.782.49$83,129
May 2019349158.482.74$20,412
Apr 20190062.632.75$0
Mar 20191607456.803.06$9,315
Feb 2019175050.852.79$8,899
Jan 2019345246.033.23$15,887
Dec 2018186246.594.19$8,674
Nov 2018162552.934.24$8,596
Oct 2018359161.443.40$22,060
Sep 2018175459.543.11$10,432
Aug 201838223259.403.07$23,402
Jul 2018037065.142.93$1,085
Jun 201837725860.183.08$23,482
May 201819110365.382.90$12,786
Apr 201818119363.842.90$12,115
Mar 201819224861.222.79$12,445
Feb 201819629661.782.77$12,928
Jan 201838237162.874.01$25,504
Dec 201719229357.272.92$11,852
Nov 201719035355.423.12$11,631
Oct 201737337749.292.98$19,510
Sep 201719133747.523.09$10,117
Aug 201719138245.373.00$9,813
Jul 201718240543.873.09$9,235
Jun 201737941342.493.09$17,379
May 201718941745.373.26$9,936
Apr 201717438047.933.21$9,560
Mar 201735634246.772.98$17,671
Feb 20171758150.452.95$9,068
Jan 201735723649.413.42$18,446
Dec 201617520148.763.72$9,281
Nov 201617824942.492.64$8,222
Oct 201635821646.193.09$17,204
Sep 201617425141.553.10$8,008
Aug 201617229541.442.92$7,990
Jul 201635629541.622.92$15,679
Jun 201617424145.352.69$8,538
May 201635428942.521.99$15,627
Apr 201618127336.561.99$7,161
Mar 201637328333.011.79$12,820
Feb 201619026626.472.06$5,578
Jan 201617628427.352.36$5,485
Dec 201537230832.362.00$12,654
Nov 201518731238.792.17$7,930
Oct 201536628443.552.43$16,628
Sep 201535630542.992.76$16,146
Aug 201508640.162.87$247
Jul 201537428248.152.95$18,839
Jun 201518030956.152.88$10,998
May 201536426355.212.96$20,874
Apr 201518427149.822.71$9,900
Mar 201536625142.892.93$16,434
Feb 201517623944.662.98$8,571
Jan 201535627543.433.10$16,314
Dec 201418028154.693.59$10,853
Nov 201436027270.464.25$26,522
Oct 201436128478.303.90$29,374
Sep 201419028686.164.05$17,527
Aug 201436031089.394.04$33,431
Jul 201435132596.564.18$35,251
Jun 201418532098.164.74$19,675
May 201436932594.734.73$36,492
Apr 201418130995.944.81$18,851
Mar 201437431595.895.06$37,456
Feb 201418126097.406.19$19,239
Jan 201437629390.404.86$35,415
Dec 201334938591.824.35$33,722
Nov 201336439588.853.74$33,818
Oct 201317931097.423.78$18,610
Sep 2013354304104.113.72$37,985
Aug 2013185314104.253.52$20,392
Jul 2013363329102.523.72$38,438
Jun 201336839394.403.93$36,285
May 201319241794.834.15$19,938
Apr 201332738493.964.28$32,369
Mar 201335539693.623.91$34,785
Feb 201335234591.233.42$33,293
Jan 201337351691.603.42$35,931
Dec 201236055586.773.42$33,135
Nov 201218023286.953.62$16,492
Oct 201217841989.383.40$17,334
Sep 201235330094.672.92$34,294
Aug 201236136192.662.91$34,500
Jul 201237329985.133.02$32,657
Jun 201236936579.822.52$30,373
May 201236638791.612.49$34,492
Apr 2012368443101.652.00$38,292
Mar 2012364445105.052.22$39,227
Feb 2012368425101.102.57$38,297
Jan 201237444698.092.73$37,905
Dec 201138546496.873.24$38,798
Nov 201137445395.723.31$37,299
Oct 201118751184.983.65$17,756
Sep 201152443283.623.99$45,539
Aug 201137255383.404.15$33,319
Jul 201137857994.144.52$38,200
Jun 201119037492.904.64$19,386
May 201156044098.134.40$56,891
Apr 2011372404105.964.33$41,168
Mar 201137242896.364.06$37,582
Feb 201136436685.644.18$32,703
Jan 201137244486.504.59$34,215
Dec 201037347685.734.35$34,047
Nov 201056147080.843.80$47,135
Oct 201038846778.103.51$31,941
Sep 201036745472.633.98$28,462
Aug 201037442373.684.42$29,426
Jul 201038155772.554.74$30,280
Jun 201036854270.364.91$28,554
May 201053354971.124.24$40,232
Apr 201018638481.694.12$16,777
Mar 201036946378.394.39$30,958
Feb 201054541973.585.44$42,381
Jan 201035945774.365.96$29,421
Dec 200936257071.445.48$28,987
Nov 200933954674.593.75$27,334
Oct 200954161272.544.11$41,760
Sep 200953358265.543.06$36,717
Aug 200934864067.423.22$25,522
Jul 200954063661.133.46$35,214
Jun 200937444666.163.90$26,481
May 200938463954.743.93$23,529
Apr 200936036946.773.59$18,161
Mar 200954268742.144.06$25,628
Feb 200935760132.814.63$14,498
Jan 200937064635.865.37$16,738
Dec 200857053037.105.98$24,315
Nov 200838871555.496.86$26,435
Oct 200857482675.246.92$48,905
Sep 2008387707101.767.88$44,950
Aug 2008589842114.228.48$74,418
Jul 2008582777131.0811.39$85,138
Jun 2008581857131.3313.03$87,472
May 2008588809123.1711.57$81,788
Apr 2008395837110.3110.45$52,323
Mar 2008767877101.909.66$86,633
Feb 200839985692.538.77$44,427
Jan 200878387690.388.21$77,956
Dec 200739186488.337.30$40,846
Nov 200779187091.677.29$78,855
Oct 200760079682.856.92$55,220
Sep 200759286075.846.24$50,267
Aug 200778390169.066.39$59,830
Jul 200798889070.906.39$75,734
Jun 200737573862.007.55$28,821
May 200759541058.747.85$38,167
Apr 200739049459.617.81$27,104
Mar 200758752156.927.30$37,216
Feb 200758448655.108.22$36,171
Jan 200768249550.306.73$37,634
Dec 200656964956.656.92$36,724
Nov 200636565554.207.62$24,772
Oct 200673776554.906.01$45,062
Sep 200655875160.085.04$37,308
Aug 200674584468.717.34$57,384
Jul 200674976969.376.34$56,836
Jun 200674172466.286.38$53,735
May 200674770366.016.42$53,826
Apr 200675268264.397.36$53,441
Mar 200693679656.707.08$58,709
Feb 200673973857.597.75$48,279
Jan 20061,10886360.598.93$74,843
Dec 200573785854.9413.42$52,001
Nov 200565786254.6910.59$45,059
Oct 200588994758.3413.80$64,929
Sep 200555178961.4512.08$43,389
Aug 200592558661.519.80$62,638
Jul 200556232655.697.84$33,855
Jun 200573564452.337.38$43,216
May 200592673445.226.65$46,756
Apr 200574978249.207.36$42,607
Mar 200592382950.377.15$52,423
Feb 200571856745.226.31$36,047
Jan 200591488543.166.32$45,043
Dec 200473182639.866.75$34,714
Nov 200493091245.286.33$47,884
Oct 200493592249.706.52$52,476
Sep 200492586343.245.28$44,557
Aug 200493740242.375.55$41,932
Jul 200492878238.286.08$40,282
Jun 20041,30471036.106.43$51,642
May 200455164737.486.49$24,853
Apr 200492497534.475.86$37,562
Mar 20041,1061,07934.365.53$43,969
Feb 20049231,12032.455.51$36,122
Jan 20041,1331,26732.036.30$44,272
Dec 20031,1261,29830.266.30$42,252
Nov 20031,1171,27128.804.60$38,010
Oct 20031,2871,33128.174.76$42,590
Sep 20031,1081,24826.314.75$35,079
Aug 20031,2871,16229.765.13$44,262
Jul 20031,2971,22729.415.17$44,489
Jun 20031,4961,14928.565.98$49,600
May 20031,1401,42826.595.97$38,842
Apr 20031,4721,52726.675.41$47,515
Mar 20031,7211,51531.146.10$62,827
Feb 20031,5021,41333.487.93$61,486
Jan 20031,4981,63430.315.58$54,525
Dec 20022,0511,67226.914.85$63,308
Nov 20021,5211,58924.664.14$44,081
Oct 20021,9781,64226.464.23$59,282
Sep 20021,7931,53027.443.64$54,762
Aug 20021,9611,38825.963.16$55,299
Jul 20021,6331,22824.583.06$43,899
Jun 20021,6431,03923.733.34$42,457
May 20021,84084224.663.58$48,392
Apr 20021,7751,03423.653.51$45,610
Mar 20022,0421,01622.003.10$48,076
Feb 20021,67791518.222.38$32,729
Jan 20022,15293617.172.38$39,173
Dec 20011,98385316.932.36$35,589
Nov 20011,61777718.072.41$31,088
Oct 20012,24559119.782.53$45,901
Sep 20012,04550324.262.25$50,744
Aug 20012,41558224.873.05$61,838
Jul 20012,26446823.933.20$55,674
Jun 20012,57052624.563.82$65,131
May 20012,25855025.524.31$59,993
Apr 20012,25245524.685.34$58,007
Mar 20012,41549824.545.38$61,942
Feb 200108027.755.77$461
Jan 20011,55932427.478.40$45,547
Dec 20001,05826226.889.12$30,829
Nov 20001,71830932.215.66$57,085
Oct 200086418331.235.15$27,924
Sep 20001,00030031.875.19$33,426
Aug 20001,16938229.644.54$36,384
Jul 20001,37533928.534.09$40,615
Jun 20001,24935429.304.40$38,152
May 20001,06434627.263.68$30,278
Apr 20001,60931524.513.12$40,418
Mar 20001,42936128.422.86$41,645
Feb 20001,06434627.622.73$30,331
Jan 20002,00732125.272.48$51,513
Dec 19991,78333924.282.42$44,113
Nov 19991,44931723.192.43$34,374
Oct 19991,08043320.982.80$23,872
Sep 19991,41247921.752.62$31,965
Aug 19991,56449919.262.88$31,558
Jul 19991,42354217.892.37$26,743
Jun 19991,42152515.942.36$23,891
May 19991,64045315.792.32$26,947
Apr 19991,79751915.102.21$28,281
Mar 19991,42057612.471.84$18,766
Feb 19991,6085069.981.82$16,968
Jan 19991,63264510.381.90$18,166
Dec 19981,9836739.201.77$19,437
Nov 19981,92579810.892.19$22,707
Oct 19982,29079612.421.97$30,009
Sep 19981,7391,02612.592.08$24,031
Aug 19982,53664911.301.91$29,895
Jul 19982,13623411.742.24$25,600
Jun 19982,6206511.242.24$29,594
May 19982,48451212.622.21$32,478
Apr 19983,02459613.042.51$40,926
Mar 19983,19944212.802.31$41,968
Feb 19982,66920413.952.30$37,702
Jan 19983,36731414.702.15$50,172
Dec 19972,63888016.322.41$45,174
Nov 19973,3751,54518.193.09$66,163
Oct 19973,7131,91919.253.15$77,520
Sep 19974,5362,05117.742.95$86,529
Aug 19974,3221,65717.862.55$81,424
Jul 19974,1392,02717.582.25$77,318
Jun 19973,34054117.242.26$58,803
May 19976,15874218.972.31$118,530
Apr 19977,70235617.882.08$138,453
Mar 199710,3671318.951.94$196,480
Feb 199712,685020.492.21$259,916
Jan 19979,512023.483.54$223,342
Dec 199613,0672,74623.32$304,722
Nov 19960021.97$0

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       766 Mcf  × $  3.05 =     $2,333

────────────────────────────────────────────────────
Month total                                   $2,333

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/23138 is the state's own key, not one this site invented.