PISTOL UNIT

Name: PISTOL UNIT lease production and value, Feb 1997 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 23200District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$11.7 M

Feb 1997 – May 2026

Value, last 12 filed months

$262 k

at the published price for each month

Months reported

352

no gaps in the span

Streams

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.

Stream	Basis	Volume	Value
Oil	Disposition	268,922 bbl	$10,956,899
Casinghead gas	Production	172,327 Mcf	$775,326
Total			$11,732,225

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 30.7073, -96.6729. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.70727, -96.67292 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

0.0%

0 of 1 wells

Median depth

12,138 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

00.0%

A plug date is filed

00.0%

BothOn the schedule and plugged. Neither fact cancels the other.

00.0%

NeitherNo plug date, and not on the schedule.

1100.0%

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 12,138 ft.

Completions filed

Feb 1997

1 of 1 wells

1 well


42-05133528	1	12,138 ft	Feb 1997	—	—

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 (352)

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

352 months


May 2026	353	192	106.41	3.05	$38,148
Apr 2026	181	268	98.93	2.87	$18,675
Mar 2026	175	323	89.75	3.15	$16,724
Feb 2026	362	288	63.50	3.75	$24,067
Jan 2026	340	335	59.13	8.00	$22,784
Dec 2025	176	484	56.66	4.41	$12,108
Nov 2025	349	516	58.59	3.93	$22,474
Oct 2025	357	248	59.38	3.30	$22,018
Sep 2025	168	352	62.74	3.08	$11,623
Aug 2025	532	286	63.93	3.01	$34,873
Jul 2025	179	546	66.74	3.32	$13,757
Jun 2025	356	308	66.48	3.13	$24,631
May 2025	349	513	60.55	3.23	$22,790
Apr 2025	344	533	62.36	3.54	$23,340
Mar 2025	698	289	67.70	4.27	$48,488
Feb 2025	177	224	70.88	4.34	$13,518
Jan 2025	526	215	74.32	4.28	$40,012
Dec 2024	356	229	68.99	3.12	$25,275
Nov 2024	697	224	69.05	2.20	$48,620
Oct 2024	356	216	71.37	2.28	$25,901
Sep 2024	699	220	69.61	2.36	$49,178
Aug 2024	533	198	75.63	2.06	$40,719
Jul 2024	686	248	79.93	2.15	$55,364
Jun 2024	708	198	78.08	2.63	$55,802
May 2024	176	40	78.81	2.20	$13,959
Apr 2024	178	24	84.45	1.66	$15,072
Mar 2024	351	248	80.30	1.55	$28,568
Feb 2024	0	48	76.09	1.78	$86
Jan 2024	890	183	73.02	3.30	$65,591
Dec 2023	1,256	240	71.26	2.61	$90,129
Nov 2023	545	76	77.89	2.81	$42,663
Oct 2023	880	229	85.44	3.09	$75,894
Sep 2023	1,253	240	89.04	2.74	$112,224
Aug 2023	1,076	248	80.52	2.67	$87,302
Jul 2023	1,434	248	74.85	2.64	$107,990
Jun 2023	1,033	197	68.96	2.26	$71,681
May 2023	0	126	70.62	2.23	$281
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	181	0	72.85	2.39	$13,186
Feb 2023	0	149	75.11	2.47	$367
Jan 2023	178	220	76.53	3.39	$14,368
Dec 2022	179	199	76.41	5.73	$14,817
Nov 2022	175	240	85.00	5.65	$16,230
Oct 2022	178	248	87.18	5.86	$16,972
Sep 2022	188	240	84.88	8.16	$17,917
Aug 2022	351	248	94.52	9.13	$35,440
Jul 2022	168	248	101.58	7.54	$18,936
Jun 2022	182	240	115.09	7.98	$22,861
May 2022	370	248	109.37	8.43	$42,558
Apr 2022	179	240	104.22	6.84	$20,296
Mar 2022	176	248	108.88	5.08	$20,422
Feb 2022	348	224	91.05	4.86	$32,774
Jan 2022	187	248	81.84	4.54	$16,429
Dec 2021	176	0	71.32	3.90	$12,552
Nov 2021	368	0	77.43	5.24	$28,494
Oct 2021	190	0	79.79	5.71	$15,160
Sep 2021	360	0	69.86	5.35	$25,150
Aug 2021	350	0	66.02	4.22	$23,107
Jul 2021	362	0	70.78	3.98	$25,622
Jun 2021	187	0	69.49	3.38	$12,995
May 2021	178	0	63.48	3.02	$11,299
Apr 2021	181	0	60.36	2.76	$10,925
Mar 2021	360	0	61.30	2.72	$22,068
Feb 2021	187	0	57.80	5.55	$10,809
Jan 2021	182	0	50.41	2.81	$9,175
Dec 2020	355	0	44.64	2.68	$15,847
Nov 2020	358	0	38.77	2.71	$13,880
Oct 2020	530	8	36.97	2.48	$19,614
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	172	0	39.98	2.39	$6,877
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	174	212	14.75	1.80	$2,949
Mar 2020	186	82	30.34	1.86	$5,795
Feb 2020	175	78	49.88	1.98	$8,883
Jan 2020	351	295	57.25	2.09	$20,713
Dec 2019	186	455	59.01	2.30	$12,024
Nov 2019	187	420	55.30	2.75	$11,496
Oct 2019	184	383	53.47	2.42	$10,765
Sep 2019	184	465	55.05	2.66	$11,365
Aug 2019	164	59	53.11	2.30	$8,846
Jul 2019	313	347	56.27	2.46	$18,466
Jun 2019	171	245	52.78	2.49	$9,636
May 2019	326	0	58.48	2.74	$19,064
Apr 2019	158	36	62.63	2.75	$9,995
Mar 2019	319	96	56.80	3.06	$18,413
Feb 2019	157	144	50.85	2.79	$8,386
Jan 2019	321	17	46.03	3.23	$14,831
Dec 2018	190	0	46.59	4.19	$8,852
Nov 2018	339	138	52.93	4.24	$18,528
Oct 2018	112	30	61.44	3.40	$6,983
Sep 2018	353	73	59.54	3.11	$21,245
Aug 2018	186	407	59.40	3.07	$12,296
Jul 2018	180	474	65.14	2.93	$13,115
Jun 2018	347	417	60.18	3.08	$22,166
May 2018	187	506	65.38	2.90	$13,694
Apr 2018	336	417	63.84	2.90	$22,660
Mar 2018	194	526	61.22	2.79	$13,343
Feb 2018	162	432	61.78	2.77	$11,203
Jan 2018	362	498	62.87	4.01	$24,756
Dec 2017	195	437	57.27	2.92	$12,444
Nov 2017	378	511	55.42	3.12	$22,542
Oct 2017	191	521	49.29	2.98	$10,969
Sep 2017	355	520	47.52	3.09	$18,475
Aug 2017	190	538	45.37	3.00	$10,237
Jul 2017	184	552	43.87	3.09	$9,776
Jun 2017	190	552	42.49	3.09	$9,777
May 2017	371	577	45.37	3.26	$18,715
Apr 2017	191	523	47.93	3.21	$10,834
Mar 2017	367	434	46.77	2.98	$18,460
Feb 2017	184	434	50.45	2.95	$10,564
Jan 2017	180	501	49.41	3.42	$10,607
Dec 2016	364	421	48.76	3.72	$19,316
Nov 2016	179	493	42.49	2.64	$8,909
Oct 2016	356	613	46.19	3.09	$18,338
Sep 2016	346	585	41.55	3.10	$16,190
Aug 2016	173	619	41.44	2.92	$8,979
Jul 2016	361	622	41.62	2.92	$16,844
Jun 2016	354	490	45.35	2.69	$17,370
May 2016	360	744	42.52	1.99	$16,789
Apr 2016	174	333	36.56	1.99	$7,024
Mar 2016	371	523	33.01	1.79	$13,185
Feb 2016	181	468	26.47	2.06	$5,757
Jan 2016	188	495	27.35	2.36	$6,312
Dec 2015	363	502	32.36	2.00	$12,751
Nov 2015	192	494	38.79	2.17	$8,518
Oct 2015	363	499	43.55	2.43	$17,020
Sep 2015	179	506	42.99	2.76	$9,091
Aug 2015	370	530	40.16	2.87	$16,382
Jul 2015	182	550	48.15	2.95	$10,383
Jun 2015	371	520	56.15	2.88	$22,331
May 2015	376	551	55.21	2.96	$22,387
Apr 2015	194	535	49.82	2.71	$11,113
Mar 2015	384	535	42.89	2.93	$18,040
Feb 2015	185	465	44.66	2.98	$9,646
Jan 2015	358	532	43.43	3.10	$17,197
Dec 2014	354	543	54.69	3.59	$21,310
Nov 2014	182	537	70.46	4.25	$15,107
Oct 2014	362	579	78.30	3.90	$30,603
Sep 2014	359	572	86.16	4.05	$33,245
Aug 2014	189	605	89.39	4.04	$19,336
Jul 2014	380	563	96.56	4.18	$39,046
Jun 2014	362	590	98.16	4.74	$38,329
May 2014	364	591	94.73	4.73	$37,275
Apr 2014	363	520	95.94	4.81	$37,327
Mar 2014	191	494	95.89	5.06	$20,813
Feb 2014	351	445	97.40	6.19	$36,943
Jan 2014	196	497	90.40	4.86	$20,134
Dec 2013	371	547	91.82	4.35	$36,447
Nov 2013	345	548	88.85	3.74	$32,702
Oct 2013	358	589	97.42	3.78	$37,102
Sep 2013	355	612	104.11	3.72	$39,234
Aug 2013	175	607	104.25	3.52	$20,382
Jul 2013	364	630	102.52	3.72	$39,659
Jun 2013	362	619	94.40	3.93	$36,608
May 2013	358	605	94.83	4.15	$36,459
Apr 2013	357	519	93.96	4.28	$35,766
Mar 2013	358	423	93.62	3.91	$35,171
Feb 2013	358	420	91.23	3.42	$34,097
Jan 2013	559	607	91.60	3.42	$53,280
Dec 2012	363	662	86.77	3.42	$33,762
Nov 2012	367	649	86.95	3.62	$34,263
Oct 2012	178	686	89.38	3.40	$18,242
Sep 2012	537	492	94.67	2.92	$52,274
Aug 2012	181	722	92.66	2.91	$18,871
Jul 2012	539	428	85.13	3.02	$47,178
Jun 2012	365	712	79.82	2.52	$30,928
May 2012	369	731	91.61	2.49	$35,623
Apr 2012	358	707	101.65	2.00	$37,802
Mar 2012	373	710	105.05	2.22	$40,761
Feb 2012	362	644	101.10	2.57	$38,253
Jan 2012	358	696	98.09	2.73	$37,019
Dec 2011	357	597	96.87	3.24	$36,517
Nov 2011	546	643	95.72	3.31	$54,392
Oct 2011	179	712	84.98	3.65	$17,809
Sep 2011	541	733	83.62	3.99	$48,160
Aug 2011	350	833	83.40	4.15	$32,646
Jul 2011	359	640	94.14	4.52	$36,687
Jun 2011	361	659	92.90	4.64	$36,595
May 2011	557	347	98.13	4.40	$56,187
Apr 2011	361	706	105.96	4.33	$41,311
Mar 2011	545	745	96.36	4.06	$55,539
Feb 2011	178	615	85.64	4.18	$17,815
Jan 2011	547	743	86.50	4.59	$50,725
Dec 2010	359	751	85.73	4.35	$34,042
Nov 2010	545	635	80.84	3.80	$46,468
Oct 2010	372	829	78.10	3.51	$31,962
Sep 2010	548	798	72.63	3.98	$42,977
Aug 2010	358	811	73.68	4.42	$29,962
Jul 2010	540	818	72.55	4.74	$43,051
Jun 2010	347	767	70.36	4.91	$28,181
May 2010	543	813	71.12	4.24	$42,061
Apr 2010	536	786	81.69	4.12	$47,026
Mar 2010	545	767	78.39	4.39	$46,089
Feb 2010	533	677	73.58	5.44	$42,903
Jan 2010	357	751	74.36	5.96	$31,026
Dec 2009	535	522	71.44	5.48	$41,083
Nov 2009	361	738	74.59	3.75	$29,696
Oct 2009	534	807	72.54	4.11	$42,053
Sep 2009	532	826	65.54	3.06	$37,399
Aug 2009	539	893	67.42	3.22	$39,214
Jul 2009	535	850	61.13	3.46	$35,649
Jun 2009	543	769	66.16	3.90	$38,920
May 2009	368	843	54.74	3.93	$23,454
Apr 2009	543	824	46.77	3.59	$28,352
Mar 2009	758	850	42.14	4.06	$35,392
Feb 2009	370	771	32.81	4.63	$15,712
Jan 2009	551	780	35.86	5.37	$23,948
Dec 2008	554	771	37.10	5.98	$25,162
Nov 2008	727	764	55.49	6.86	$45,583
Oct 2008	387	858	75.24	6.92	$35,057
Sep 2008	581	730	101.76	7.88	$64,873
Aug 2008	768	881	114.22	8.48	$95,195
Jul 2008	578	801	131.08	11.39	$84,887
Jun 2008	564	865	131.33	13.03	$85,343
May 2008	579	904	123.17	11.57	$81,779
Apr 2008	760	874	110.31	10.45	$92,973
Mar 2008	580	925	101.90	9.66	$68,041
Feb 2008	761	851	92.53	8.77	$77,879
Jan 2008	773	909	90.38	8.21	$77,323
Dec 2007	573	685	88.33	7.30	$55,615
Nov 2007	573	682	91.67	7.29	$57,500
Oct 2007	556	725	82.85	6.92	$51,083
Sep 2007	573	732	75.84	6.24	$48,027
Aug 2007	773	774	69.06	6.39	$58,328
Jul 2007	566	785	70.90	6.39	$45,144
Jun 2007	552	782	62.00	7.55	$40,127
May 2007	964	913	58.74	7.85	$63,789
Apr 2007	749	889	59.61	7.81	$51,587
Mar 2007	939	894	56.92	7.30	$59,976
Feb 2007	959	686	55.10	8.22	$58,477
Jan 2007	735	983	50.30	6.73	$43,583
Dec 2006	1,109	924	56.65	6.92	$69,217
Nov 2006	1,115	922	54.20	7.62	$67,456
Oct 2006	1,469	1,263	54.90	6.01	$88,244
Sep 2006	1,647	1,532	60.08	5.04	$106,669
Aug 2006	1,839	1,144	68.71	7.34	$134,755
Jul 2006	0	39	69.37	6.34	$247
Jun 2006	186	0	66.28	6.38	$12,328
May 2006	366	366	66.01	6.42	$26,511
Apr 2006	548	478	64.39	7.36	$38,804
Mar 2006	730	518	56.70	7.08	$45,060
Feb 2006	373	487	57.59	7.75	$25,256
Jan 2006	548	483	60.59	8.93	$37,518
Dec 2005	570	532	54.94	13.42	$38,453
Nov 2005	549	547	54.69	10.59	$35,817
Oct 2005	705	598	58.34	13.80	$49,380
Sep 2005	551	550	61.45	12.08	$40,502
Aug 2005	551	641	61.51	9.80	$40,172
Jul 2005	554	514	55.69	7.84	$34,884
Jun 2005	740	553	52.33	7.38	$42,806
May 2005	552	286	45.22	6.65	$26,864
Apr 2005	548	233	49.20	7.36	$28,677
Mar 2005	727	477	50.37	7.15	$40,032
Feb 2005	732	426	45.22	6.31	$35,790
Jan 2005	544	255	43.16	6.32	$25,091
Dec 2004	737	242	39.86	6.75	$31,011
Nov 2004	548	262	45.28	6.33	$26,472
Oct 2004	734	236	49.70	6.52	$38,017
Sep 2004	723	193	43.24	5.28	$32,282
Aug 2004	738	196	42.37	5.55	$32,357
Jul 2004	945	333	38.28	6.08	$38,201
Jun 2004	559	334	36.10	6.43	$22,329
May 2004	724	458	37.48	6.49	$30,110
Apr 2004	730	250	34.47	5.86	$26,628
Mar 2004	925	346	34.36	5.53	$33,696
Feb 2004	740	406	32.45	5.51	$26,250
Jan 2004	564	434	32.03	6.30	$20,799
Dec 2003	943	427	30.26	6.30	$31,226
Nov 2003	744	425	28.80	4.60	$23,380
Oct 2003	920	416	28.17	4.76	$27,896
Sep 2003	899	417	26.31	4.75	$25,633
Aug 2003	739	388	29.76	5.13	$23,983
Jul 2003	922	457	29.41	5.17	$29,479
Jun 2003	933	489	28.56	5.98	$29,572
May 2003	935	475	26.59	5.97	$27,699
Apr 2003	1,268	461	26.67	5.41	$36,310
Mar 2003	742	369	31.14	6.10	$25,355
Feb 2003	758	381	33.48	7.93	$28,398
Jan 2003	732	400	30.31	5.58	$24,420
Dec 2002	1,090	446	26.91	4.85	$31,497
Nov 2002	749	439	24.66	4.14	$20,286
Oct 2002	910	435	26.46	4.23	$25,918
Sep 2002	1,075	415	27.44	3.64	$31,007
Aug 2002	887	352	25.96	3.16	$24,140
Jul 2002	920	445	24.58	3.06	$23,976
Jun 2002	904	312	23.73	3.34	$22,493
May 2002	1,066	431	24.66	3.58	$27,832
Apr 2002	912	383	23.65	3.51	$22,914
Mar 2002	1,308	308	22.00	3.10	$29,732
Feb 2002	776	368	18.22	2.38	$15,013
Jan 2002	1,340	411	17.17	2.38	$23,984
Dec 2001	968	426	16.93	2.36	$17,395
Nov 2001	966	449	18.07	2.41	$18,536
Oct 2001	1,154	490	19.78	2.53	$24,065
Sep 2001	1,171	498	24.26	2.25	$29,530
Aug 2001	1,358	545	24.87	3.05	$35,437
Jul 2001	1,541	512	23.93	3.20	$38,513
Jun 2001	1,509	552	24.56	3.82	$39,172
May 2001	1,544	602	25.52	4.31	$41,996
Apr 2001	1,574	634	24.68	5.34	$42,229
Mar 2001	1,762	683	24.54	5.38	$46,912
Feb 2001	1,953	667	27.75	5.77	$58,042
Jan 2001	1,820	735	27.47	8.40	$56,168
Dec 2000	2,438	839	26.88	9.12	$73,187
Nov 2000	2,478	1,711	32.21	5.66	$89,497
Oct 2000	3,008	1,041	31.23	5.15	$99,296
Sep 2000	3,232	873	31.87	5.19	$107,532
Aug 2000	3,920	718	29.64	4.54	$119,449
Jul 2000	2,669	594	28.53	4.09	$78,576
Jun 2000	544	150	29.30	4.40	$16,599
May 2000	1,101	281	27.26	3.68	$31,047
Apr 2000	1,077	263	24.51	3.12	$27,217
Mar 2000	1,243	251	28.42	2.86	$36,044
Feb 2000	704	235	27.62	2.73	$20,085
Jan 2000	1,259	237	25.27	2.48	$32,403
Dec 1999	1,270	231	24.28	2.42	$31,395
Nov 1999	1,257	269	23.19	2.43	$29,805
Oct 1999	1,237	310	20.98	2.80	$26,821
Sep 1999	1,246	335	21.75	2.62	$27,978
Aug 1999	1,427	456	19.26	2.88	$28,795
Jul 1999	1,594	267	17.89	2.37	$29,150
Jun 1999	892	341	15.94	2.36	$15,024
May 1999	1,418	341	15.79	2.32	$23,182
Apr 1999	1,076	345	15.10	2.21	$17,009
Mar 1999	1,796	334	12.47	1.84	$23,010
Feb 1999	825	331	9.98	1.82	$8,835
Jan 1999	1,289	371	10.38	1.90	$14,085
Dec 1998	1,823	365	9.20	1.77	$17,419
Nov 1998	1,266	613	10.89	2.19	$15,127
Oct 1998	1,436	458	12.42	1.97	$18,737
Sep 1998	1,626	497	12.59	2.08	$21,506
Aug 1998	1,787	527	11.30	1.91	$21,198
Jul 1998	1,785	561	11.74	2.24	$22,211
Jun 1998	1,782	261	11.24	2.24	$20,614
May 1998	1,956	480	12.62	2.21	$25,744
Apr 1998	2,165	886	13.04	2.51	$30,451
Mar 1998	2,528	945	12.80	2.31	$34,541
Feb 1998	2,169	955	13.95	2.30	$32,453
Jan 1998	2,896	985	14.70	2.15	$44,694
Dec 1997	2,305	473	16.32	2.41	$38,758
Nov 1997	2,690	598	18.19	3.09	$50,778
Oct 1997	2,833	941	19.25	3.15	$57,499
Sep 1997	3,307	1,055	17.74	2.95	$61,784
Aug 1997	3,550	1,163	17.86	2.55	$66,374
Jul 1997	4,090	1,877	17.58	2.25	$76,120
Jun 1997	4,494	1,860	17.24	2.26	$81,675
May 1997	5,550	1,976	18.97	2.31	$109,845
Apr 1997	7,118	1,603	17.88	2.08	$130,609
Mar 1997	14,090	1,785	18.95	1.94	$270,467
Feb 1997	3,215	0	20.49	2.21	$65,875

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                  353 bbl  × $106.41 =    $37,563
Casinghead gas       192 Mcf  × $  3.05 =       $585

────────────────────────────────────────────────────
Month total                                  $38,148

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/23200 is the state's own key, not one this site invented.