OLDENBURG 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 23243District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$11.2 M
Apr 1997 – May 2026
Value, last 12 filed months
$20 k
at the published price for each month
Months reported
350
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
OilDisposition117,952 bbl$3,456,644
Casinghead gasProduction2,041,054 Mcf$7,780,211
Total$11,236,855

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 29.9656, -96.7698. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.96564, -96.76980 · 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
0.0%
0 of 1 wells
Median depth
13,910 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 13,910 ft.

Completions filed
Apr 1997
1 of 1 wells

1 well

42-149326621RE13,910 ftApr 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 (350)

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

350 months

May 20260822106.413.05$2,504
Apr 2026042398.932.87$1,214
Mar 2026039589.753.15$1,244
Feb 2026038263.503.75$1,433
Jan 2026042059.138.00$3,359
Dec 2025038756.664.41$1,708
Nov 2025033458.593.93$1,311
Oct 2025038259.383.30$1,262
Sep 2025042762.743.08$1,314
Aug 2025051863.933.01$1,562
Jul 2025045266.743.32$1,498
Jun 2025158266.483.13$1,887
May 2025066660.553.23$2,153
Apr 2025059462.363.54$2,105
Mar 20259262767.704.27$8,905
Feb 2025058770.884.34$2,548
Jan 2025066974.324.28$2,862
Dec 2024072768.993.12$2,269
Nov 2024056569.052.20$1,242
Oct 2024090671.372.28$2,067
Sep 202419084269.612.36$15,217
Aug 202401,07175.632.06$2,210
Jul 20241911,04079.932.15$17,499
Jun 20241871,12278.082.63$17,556
May 202401,09078.812.20$2,396
Apr 202418870784.451.66$17,050
Mar 2024193980.301.55$1,531
Feb 20241911,01076.091.78$16,335
Jan 20241921,02773.023.30$17,407
Dec 202301,12371.262.61$2,932
Nov 20231901,24777.892.81$18,300
Oct 202311,59485.443.09$5,007
Sep 20231871,83489.042.74$21,667
Aug 20231921,89580.522.67$20,525
Jul 20233872,40174.852.64$35,310
Jun 20231922,74568.962.26$19,440
May 20233782,27770.622.23$31,766
Apr 20231911,99678.122.24$19,387
Mar 202301,04772.852.39$2,506
Feb 202301,24575.112.47$3,070
Jan 20230476.533.39$14
Dec 202202476.415.73$138
Nov 202214085.005.65$311
Oct 20220087.185.86$0
Sep 2022085984.888.16$7,013
Aug 20221941,45094.529.13$31,571
Jul 202201,189101.587.54$8,968
Jun 20221437115.097.98$3,601
May 202201,162109.378.43$9,799
Apr 20221901,250104.226.84$28,349
Mar 202201,272108.885.08$6,457
Feb 202201,15791.054.86$5,622
Jan 20221921,19281.844.54$21,122
Dec 202101,26671.323.90$4,936
Nov 202101,07677.435.24$5,635
Oct 20211911,24579.795.71$22,354
Sep 202101,15669.865.35$6,186
Aug 20211931,16666.024.22$17,663
Jul 202101,19170.783.98$4,743
Jun 202101,23769.493.38$4,182
May 20211791,33763.483.02$15,398
Apr 202101,38860.362.76$3,829
Mar 202101,41461.302.72$3,842
Feb 202101,27057.805.55$7,046
Jan 20211901,39650.412.81$13,501
Dec 202001,42944.642.68$3,823
Nov 202001,39838.772.71$3,784
Oct 202001,46836.972.48$3,638
Sep 20201901,45037.091.99$9,934
Aug 202001,40739.982.39$3,356
Jul 202001,51538.371.83$2,765
Jun 202001,39834.901.69$2,363
May 20201871,58216.921.81$6,035
Apr 202001,46714.751.80$2,647
Mar 20201811,48830.341.86$8,254
Feb 202001,43249.881.98$2,836
Jan 202001,44957.252.09$3,035
Dec 20191951,48859.012.30$14,936
Nov 201901,42255.302.75$3,912
Oct 201901,58753.472.42$3,838
Sep 201901,98855.052.66$5,283
Aug 201917398453.112.30$11,456
Jul 201901,08356.272.46$2,664
Jun 201901,40952.782.49$3,510
May 201901,46458.482.74$4,012
Apr 201901,39562.632.75$3,837
Mar 20191871,51756.803.06$15,267
Feb 201901,43050.852.79$3,993
Jan 20191891,48746.033.23$13,500
Dec 201801,49746.594.19$6,266
Nov 201801,50252.934.24$6,364
Oct 201801,52461.443.40$5,179
Sep 201801,56759.543.11$4,870
Aug 20181751,52759.403.07$15,078
Jul 201801,52865.142.93$4,480
Jun 201801,57960.183.08$4,858
May 20181781,59465.382.90$16,262
Apr 201801,44563.842.90$4,192
Mar 201801,63261.222.79$4,548
Feb 201801,36361.782.77$3,770
Jan 20181931,50662.874.01$18,172
Dec 201701,40957.272.92$4,116
Nov 201701,58655.423.12$4,946
Oct 201701,68449.292.98$5,025
Sep 201701,63147.523.09$5,035
Aug 20171921,52345.373.00$13,287
Jul 201701,65243.873.09$5,100
Jun 201701,52342.493.09$4,702
May 201701,69645.373.26$5,535
Apr 20171901,64047.933.21$14,374
Mar 201701,59046.772.98$4,744
Feb 2017067050.452.95$1,978
Jan 20171901,57649.413.42$14,776
Dec 201601,49348.763.72$5,558
Nov 201601,57142.492.64$4,154
Oct 201601,65546.193.09$5,114
Sep 20161881,59941.553.10$12,769
Aug 201601,57941.442.92$4,618
Jul 201601,68841.622.92$4,936
Jun 2016761,58245.352.69$7,696
May 201601,67442.521.99$3,333
Apr 201601,68836.561.99$3,361
Mar 20161821,79833.011.79$9,233
Feb 201601,54726.472.06$3,192
Jan 201601,70727.352.36$4,036
Dec 20151861,75132.362.00$9,523
Nov 201501,62538.792.17$3,522
Oct 201501,71443.552.43$4,159
Sep 201501,67142.992.76$4,609
Aug 201501,94140.162.87$5,576
Jul 20151841,24948.152.95$12,538
Jun 201501,58556.152.88$4,569
May 201501,78155.212.96$5,264
Apr 201501,67349.822.71$4,528
Mar 20151911,71342.892.93$13,219
Feb 201501,30144.662.98$3,872
Jan 201501,48443.433.10$4,601
Dec 20141931,73354.693.59$16,779
Nov 201401,59070.464.25$6,760
Oct 201401,66378.303.90$6,487
Sep 201401,60786.164.05$6,501
Aug 20141791,68689.394.04$22,804
Jul 201401,65696.564.18$6,921
Jun 201401,61198.164.74$7,631
May 201401,71994.734.73$8,125
Apr 20141891,65095.944.81$26,068
Mar 201401,71395.895.06$8,662
Feb 201401,39497.406.19$8,632
Jan 20141881,71190.404.86$25,312
Dec 201301,64891.824.35$7,176
Nov 201301,61188.853.74$6,022
Oct 20131881,74597.423.78$24,910
Sep 201301,564104.113.72$5,815
Aug 201301,876104.253.52$6,608
Jul 201301,846102.523.72$6,863
Jun 20131851,63294.403.93$23,883
May 201301,92194.834.15$7,970
Apr 201301,78993.964.28$7,662
Mar 20131921,93693.623.91$25,550
Feb 201301,82791.233.42$6,248
Jan 20131862,10591.603.42$24,237
Dec 201202,33386.773.42$7,979
Nov 201202,09086.953.62$7,576
Oct 20121872,24289.383.40$24,336
Sep 201202,29194.672.92$6,686
Aug 20121832,43192.662.91$24,027
Jul 201202,54285.133.02$7,679
Jun 20121932,59079.822.52$21,930
May 201203,09691.612.49$7,704
Apr 20121941,526101.652.00$22,767
Mar 201202,327105.052.22$5,171
Feb 20121812,043101.102.57$23,550
Jan 20121962,86998.092.73$27,070
Dec 20111953,25896.873.24$29,445
Nov 201101,87695.723.31$6,212
Oct 20111942,53684.983.65$25,739
Sep 201102,54783.623.99$10,152
Aug 20111862,56183.404.15$26,139
Jul 201102,85194.144.52$12,879
Jun 20111942,50992.904.64$29,664
May 20111942,85998.134.40$31,631
Apr 201102,762105.964.33$11,969
Mar 20111782,67196.364.06$27,989
Feb 20111962,24585.644.18$26,170
Jan 201102,57486.504.59$11,812
Dec 20101963,07185.734.35$30,155
Nov 20101952,20580.843.80$24,133
Oct 201002,71678.103.51$9,530
Sep 20101943,06872.633.98$26,299
Aug 20101913,01673.684.42$27,402
Jul 201002,95072.554.74$13,973
Jun 20101912,92370.364.91$27,792
May 201003,05171.124.24$12,922
Apr 20101952,97681.694.12$28,199
Mar 20101953,32078.394.39$29,856
Feb 20101952,33873.585.44$27,072
Jan 201003,05374.365.96$18,208
Dec 20091962,97171.445.48$30,294
Nov 20091953,28574.593.75$26,869
Oct 200903,44372.544.11$14,152
Sep 20091933,48865.543.06$23,339
Aug 20091913,50767.423.22$24,165
Jul 200903,58761.133.46$12,427
Jun 20091863,75266.163.90$26,920
May 20091933,10054.743.93$22,735
Apr 20091983,86246.773.59$23,115
Mar 200904,03642.144.06$16,382
Feb 20091973,12932.814.63$20,960
Jan 20091983,85435.865.37$27,800
Dec 20081983,97537.105.98$31,105
Nov 20081943,89455.496.86$37,479
Oct 20081954,33375.246.92$44,665
Sep 20081943,829101.767.88$49,903
Aug 20081934,700114.228.48$61,915
Jul 20081954,706131.0811.39$79,159
Jun 20081924,687131.3313.03$86,299
May 20081954,941123.1711.57$81,207
Apr 20081965,118110.3110.45$75,129
Mar 20081974,266101.909.66$61,301
Feb 20081965,04092.538.77$62,340
Jan 20081975,00390.388.21$58,858
Dec 20071965,26988.337.30$55,787
Nov 20071975,78991.677.29$60,271
Oct 20071955,85282.856.92$56,663
Sep 20071945,95475.846.24$51,891
Aug 20073835,99169.066.39$64,720
Jul 200786,22570.906.39$40,332
Jun 20071925,95562.007.55$56,855
May 200753,03058.747.85$24,068
Apr 20072021,92259.617.81$27,043
Mar 200733,54856.927.30$26,078
Feb 20073853,59255.108.22$50,725
Jan 200725,28050.306.73$35,618
Dec 20061915,23256.656.92$47,017
Nov 200645,35654.207.62$41,016
Oct 20061935,28354.906.01$42,367
Sep 200655,35060.085.04$27,249
Aug 20061325,94468.717.34$52,698
Jul 20061915,35369.376.34$47,202
Jun 20061724,01566.286.38$37,031
May 20061865,92966.016.42$50,372
Apr 20061996,34564.397.36$59,516
Mar 20061897,30856.707.08$62,478
Feb 20061956,55957.597.75$62,070
Jan 20063927,14660.598.93$87,589
Dec 20052127,93254.9413.42$118,058
Nov 20051997,72554.6910.59$92,679
Oct 20053719,10958.3413.80$147,310
Sep 2005106,62661.4512.08$80,650
Aug 20051712,32461.519.80$33,286
Jul 200552,11755.697.84$16,883
Jun 2005232,60952.337.38$20,461
May 20051862,25545.226.65$23,409
Apr 200504,19449.207.36$30,870
Mar 2005364,22250.377.15$32,021
Feb 200504,51245.226.31$28,479
Jan 200505,25543.166.32$33,223
Dec 2004422,52739.866.75$18,734
Nov 20042002,90945.286.33$27,471
Oct 200428813,79649.706.52$104,196
Sep 2004254,76743.245.28$26,269
Aug 20041966,20342.375.55$42,735
Jul 20042068,46738.286.08$59,400
Jun 20043848,14836.106.43$66,279
May 20042099,65437.486.49$70,532
Apr 200438011,18434.475.86$78,620
Mar 200456710,33934.365.53$76,658
Feb 20045809,54632.455.51$71,416
Jan 2004348,92232.036.30$57,294
Dec 20032065,01630.266.30$37,843
Nov 200320610,83328.804.60$55,712
Oct 200320024,84828.174.76$123,902
Sep 2003223,64526.314.75$17,890
Aug 2003646629.765.13$2,569
Jul 2003040029.415.17$2,068
Jun 20036905,79328.565.98$54,366
May 20031856,11026.595.97$41,412
Apr 20033646,18626.675.41$43,157
Mar 20037607,42131.146.10$68,905
Feb 20031854,99933.487.93$45,815
Jan 20031822,81430.315.58$21,224
Dec 20023615,23026.914.85$35,100
Nov 20023725,45324.664.14$31,732
Oct 20023616,61226.464.23$37,515
Sep 20025305,54227.443.64$34,689
Aug 20023736,65125.963.16$30,728
Jul 20025436,81424.583.06$34,210
Jun 20025545,67723.733.34$32,098
May 20023546,03524.663.58$30,359
Apr 20025495,87123.653.51$33,605
Mar 20023605,68322.003.10$25,553
Feb 20023666,02618.222.38$20,984
Jan 20025368,40517.172.38$29,171
Dec 20015519,15816.932.36$30,982
Nov 20017337,11218.072.41$30,353
Oct 20013727,67419.782.53$26,765
Sep 20015317,75824.262.25$30,348
Aug 20017328,61024.873.05$44,493
Jul 20013728,63223.933.20$36,499
Jun 20017369,26524.563.82$53,507
May 20013599,17225.524.31$48,668
Apr 20017268,73724.685.34$64,532
Mar 20017349,98024.545.38$71,669
Feb 2001374027.755.77$10,379
Jan 200155810,46227.478.40$103,196
Dec 200091811,11726.889.12$126,091
Nov 200055310,83532.215.66$79,117
Oct 200091812,58031.235.15$93,400
Sep 20005318,94031.875.19$63,290
Aug 20007109,88529.644.54$65,930
Jul 200035910,56628.534.09$53,455
Jun 20003618,90229.304.40$49,722
May 200036510,65527.263.68$49,158
Apr 200036210,31324.513.12$41,008
Mar 200053911,17328.422.86$47,270
Feb 200055210,57427.622.73$44,076
Jan 200074311,00225.272.48$46,066
Dec 199974713,14324.282.42$49,992
Nov 199973512,74323.192.43$48,061
Oct 199993613,73020.982.80$58,132
Sep 199991815,54021.752.62$60,663
Aug 19991,09214,73919.262.88$63,415
Jul 199992614,03417.892.37$49,860
Jun 199973014,54815.942.36$46,000
May 19991,11215,98815.792.32$54,667
Apr 199972616,00315.102.21$46,298
Mar 19991,09716,57912.471.84$44,157
Feb 199993115,3009.981.82$37,104
Jan 19991,49317,74010.381.90$49,202
Dec 19981,11816,9439.201.77$40,331
Nov 19981,07617,25110.892.19$49,424
Oct 19981,10219,03112.421.97$51,163
Sep 19981,09519,58812.592.08$54,580
Aug 19981,26221,67711.301.91$55,606
Jul 19981,63723,27111.742.24$71,282
Jun 19981,67925,34711.242.24$75,580
May 19981,84925,35012.622.21$79,265
Apr 19982,20820,99813.042.51$81,399
Mar 19981,64722,76312.802.31$73,651
Feb 19981,87724,30613.952.30$82,067
Jan 19982,61931,07114.702.15$105,451
Dec 19972,59233,41716.322.41$122,873
Nov 19973,01138,10218.193.09$172,439
Oct 19972,95351,46119.253.15$218,938
Sep 19973,99557,53317.742.95$240,874
Aug 19974,03068,27517.862.55$246,401
Jul 19975,20977,24317.582.25$265,135
Jun 19975,81387,02317.242.26$296,644
May 19978,67884,71018.972.31$360,175
Apr 19973,44929,80617.882.08$123,747

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       822 Mcf  × $  3.05 =     $2,504

────────────────────────────────────────────────────
Month total                                   $2,504

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/23243 is the state's own key, not one this site invented.