BURTON-WELLS 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 23279District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$5.7 M
Jun 1997 – May 2026
Value, last 12 filed months
$64
at the published price for each month
Months reported
348
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
OilDisposition181,941 bbl$5,108,477
Casinghead gasProduction138,663 Mcf$608,349
Total$5,716,826

Every month this lease reported (348)

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

348 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20251063.933.01$64
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 202505674.324.28$240
Dec 202417515268.993.12$12,548
Nov 2024015269.052.20$334
Oct 2024013971.372.28$317
Sep 2024012069.612.36$284
Aug 2024011375.632.06$233
Jul 2024012879.932.15$275
Jun 2024014778.082.63$387
May 2024015278.812.20$334
Apr 2024014884.451.66$246
Mar 2024018580.301.55$286
Feb 2024023276.091.78$414
Jan 2024022573.023.30$742
Dec 202316921771.262.61$12,609
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023173074.852.64$12,949
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20231078.122.24$78
Mar 2023179072.852.39$13,040
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 20221830101.587.54$18,589
Jun 20221810115.097.98$20,831
May 20221750109.378.43$19,140
Apr 20221820104.226.84$18,968
Mar 20221730108.885.08$18,836
Feb 2022365091.054.86$33,233
Jan 2022182081.844.54$14,895
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 2021183066.024.22$12,082
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021165063.483.02$10,474
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 2021177050.412.81$8,923
Dec 20200044.642.68$0
Nov 2020177038.772.71$6,862
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 2020178039.982.39$7,116
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020179030.341.86$5,431
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 2019175059.012.30$10,327
Nov 20190055.302.75$0
Oct 20190153.472.42$2
Sep 20190055.052.66$0
Aug 2019165053.112.30$8,763
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 2019164058.482.74$9,591
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 2019190050.852.79$9,662
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018107061.443.40$6,574
Sep 2018189059.543.11$11,253
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 2018179060.183.08$10,772
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20182161.222.79$125
Feb 201815461.782.77$211
Jan 20181687262.874.01$10,851
Dec 20170357.272.92$9
Nov 201703055.423.12$94
Oct 20171882849.292.98$9,350
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017179042.493.09$7,606
May 20170045.373.26$0
Apr 2017179047.933.21$8,579
Mar 201708346.772.98$248
Feb 201704350.452.95$127
Jan 2017170249.413.42$8,407
Dec 201604448.763.72$164
Nov 201602242.492.64$58
Oct 20161793946.193.09$8,389
Sep 201605441.553.10$167
Aug 2016111341.442.92$372
Jul 201617911041.622.92$7,772
Jun 2016113145.352.69$397
May 2016210542.521.99$294
Apr 2016110536.561.99$246
Mar 201617810233.011.79$6,059
Feb 201608426.472.06$173
Jan 201615027.352.36$146
Dec 20151936532.362.00$6,376
Nov 201509038.792.17$195
Oct 2015211643.552.43$369
Sep 2015013742.992.76$378
Aug 201518713540.162.87$7,898
Jul 2015212748.152.95$470
Jun 201507856.152.88$225
May 20151899055.212.96$10,701
Apr 201508049.822.71$217
Mar 201526242.892.93$268
Feb 20151935444.662.98$8,780
Jan 201515543.433.10$214
Dec 201406354.693.59$226
Nov 201415670.464.25$309
Oct 20141798178.303.90$14,332
Sep 201407486.164.05$299
Aug 2014116789.394.04$763
Jul 201418516996.564.18$18,570
Jun 2014114598.164.74$785
May 2014110594.734.73$591
Apr 201418115895.944.81$18,125
Mar 201421095.895.06$242
Feb 201402897.406.19$173
Jan 201418210190.404.86$16,944
Dec 2013016391.824.35$710
Nov 2013120088.853.74$837
Oct 201317522697.423.78$17,903
Sep 20130101104.113.72$375
Aug 20131211104.253.52$848
Jul 2013182201102.523.72$19,406
Jun 2013120894.403.93$913
May 201317622494.834.15$17,619
Apr 2013020493.964.28$874
Mar 201317521793.623.91$17,233
Feb 2013018191.233.42$619
Jan 201317825491.603.42$17,173
Dec 2012026086.773.42$889
Nov 201218327786.953.62$16,916
Oct 2012029089.383.40$986
Sep 201217719494.672.92$17,323
Aug 2012025692.662.91$744
Jul 201218531985.133.02$16,713
Jun 2012025879.822.52$650
May 2012023691.612.49$587
Apr 2012181181101.652.00$18,760
Mar 2012187181105.052.22$20,047
Feb 20120168101.102.57$432
Jan 201218019898.092.73$18,198
Dec 2011020596.873.24$664
Nov 201117920995.723.31$17,826
Oct 2011021384.983.65$777
Sep 201118422383.623.99$16,275
Aug 2011027983.404.15$1,158
Jul 2011018994.144.52$854
Jun 201119215292.904.64$18,542
May 2011013198.134.40$577
Apr 2011195198105.964.33$21,520
Mar 2011023996.364.06$970
Feb 201118721385.644.18$16,905
Jan 2011024186.504.59$1,106
Dec 201018326185.734.35$16,823
Nov 2010026380.843.80$998
Oct 201018930078.103.51$15,814
Sep 2010035172.633.98$1,397
Aug 201017820373.684.42$14,012
Jul 2010011872.554.74$559
Jun 201018025070.364.91$13,892
May 2010026771.124.24$1,131
Apr 201017125981.694.12$15,037
Mar 2010026878.394.39$1,176
Feb 201018025073.585.44$14,605
Jan 201018029974.365.96$15,168
Dec 2009031271.445.48$1,711
Nov 200917832474.593.75$14,493
Oct 2009034872.544.11$1,430
Sep 200917736665.543.06$12,722
Aug 2009034067.423.22$1,094
Jul 200917928461.133.46$11,926
Jun 200918620466.163.90$13,100
May 2009017354.743.93$679
Apr 200917717446.773.59$8,903
Mar 2009022742.144.06$921
Feb 200917826032.814.63$7,045
Jan 200917820835.865.37$7,500
Dec 2008012937.105.98$771
Nov 20081728055.496.86$10,093
Oct 2008018275.246.92$1,260
Sep 2008170225101.767.88$19,072
Aug 200815838114.228.48$18,369
Jul 2008178217131.0811.39$25,804
Jun 20080356131.3313.03$4,640
May 2008177377123.1711.57$26,165
Apr 2008175373110.3110.45$23,204
Mar 2008181354101.909.66$21,865
Feb 2008116992.538.77$1,575
Jan 200818027690.388.21$18,533
Dec 200718430488.337.30$18,473
Nov 2007031491.677.29$2,290
Oct 20071786382.856.92$15,183
Sep 20071773675.846.24$13,648
Aug 200735410769.066.39$25,131
Jul 2007320170.906.39$1,497
Jun 200718140862.007.55$14,302
May 200718231258.747.85$13,139
Apr 200718211759.617.81$11,762
Mar 200732532256.927.30$20,850
Feb 2007042755.108.22$3,508
Jan 200718550150.306.73$12,676
Dec 200618554956.656.92$14,278
Nov 200618054454.207.62$13,900
Oct 2006053254.906.01$3,199
Sep 200636231760.085.04$23,346
Aug 200617750668.717.34$15,876
Jul 200618354469.376.34$16,145
Jun 200618057466.286.38$15,595
May 200617862866.016.42$15,785
Apr 200635962764.397.36$27,731
Mar 200618338956.707.08$13,131
Feb 200617951557.597.75$14,300
Jan 200637268760.598.93$28,677
Dec 200518258954.9413.42$17,901
Nov 200518177154.6910.59$18,063
Oct 200537283558.3413.80$33,222
Sep 200518362461.4512.08$18,783
Aug 200536879861.519.80$30,454
Jul 200519051055.697.84$14,581
Jun 200535068452.337.38$23,364
May 200535077245.226.65$20,962
Apr 200537183149.207.36$24,370
Mar 200555779950.377.15$33,773
Feb 200537261345.226.31$20,691
Jan 200537091943.166.32$21,779
Dec 200454870139.866.75$26,576
Nov 200456772945.286.33$30,289
Oct 20047271,11349.706.52$43,383
Sep 20047441,03443.245.28$37,634
Aug 200474549842.375.55$34,330
Jul 200437526238.286.08$15,949
Jun 20041854836.106.43$6,987
May 200418214137.486.49$7,737
Apr 200454637834.475.86$21,035
Mar 200456134834.365.53$21,200
Feb 200453940332.455.51$19,711
Jan 200456750532.036.30$21,342
Dec 200376158530.266.30$26,714
Nov 200391282728.804.60$30,066
Oct 20031,11873828.174.76$35,007
Sep 20031,10670026.314.75$32,423
Aug 200373665129.765.13$25,243
Jul 200376090229.415.17$27,016
Jun 200375881928.565.98$26,549
May 200375187026.595.97$25,165
Apr 200374396426.675.41$25,028
Mar 20038991,03931.146.10$34,329
Feb 200372191433.487.93$31,383
Jan 20031,1001,06630.315.58$39,291
Dec 20029241,09626.914.85$30,185
Nov 20021,13386424.664.14$31,514
Oct 20021,3021,17226.464.23$39,407
Sep 20021,09987527.443.64$33,337
Aug 20021,42299525.963.16$40,063
Jul 20021,4471,14324.583.06$39,067
Jun 20021,2961,12223.733.34$34,500
May 20021,4641,19624.663.58$40,389
Apr 20021,44182223.653.51$36,967
Mar 20021,6231,28822.003.10$39,702
Feb 20021,8191,32618.222.38$36,292
Jan 20022,3591,72017.172.38$44,590
Dec 20012,0961,58816.932.36$39,240
Nov 20012,4431,41818.072.41$47,556
Oct 20011,58379819.782.53$33,330
Sep 20011,90787724.262.25$48,238
Aug 20011,20652824.873.05$31,605
Jul 20012,2431,02323.933.20$56,946
Jun 20011,9461,21224.563.82$52,429
May 20013,26770325.524.31$86,402
Apr 20011,5421,11324.685.34$43,995
Mar 20011,3811,18924.545.38$40,282
Feb 20011,5331,16727.755.77$49,271
Jan 20011,7021,31627.478.40$57,807
Dec 20001,4011,05026.889.12$47,238
Nov 20001,8411,41132.215.66$67,282
Oct 20001,88987631.235.15$63,501
Sep 20001,6761,47231.875.19$61,049
Aug 20001,4971,30529.644.54$50,297
Jul 20002,2271,75828.534.09$70,726
Jun 20001,7801,53329.304.40$58,895
May 20002,4851,84727.263.68$74,538
Apr 20002,1481,66524.513.12$57,836
Mar 20002,4191,65728.422.86$73,487
Feb 20002,1251,56327.622.73$62,954
Jan 20002,5081,75425.272.48$67,728
Dec 19992,3271,50524.282.42$60,147
Nov 19992,6791,56923.192.43$65,945
Oct 19992,4701,71920.982.80$56,640
Sep 19993,1721,54421.752.62$73,035
Aug 19992,8121,36119.262.88$58,073
Jul 19992,11295117.892.37$40,040
Jun 19992,32267015.942.36$38,595
May 19991,77580715.792.32$29,900
Apr 19991,77980215.102.21$28,634
Mar 19992,14278812.471.84$28,159
Feb 19992,1356669.981.82$22,518
Jan 19991,01884410.381.90$12,170
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19984973,20913.952.30$14,311
Jan 19983,5222,61614.702.15$57,410
Dec 19973,5492,85216.322.41$64,796
Nov 19974,5563,20418.193.09$92,768
Oct 19975,4613,48419.253.15$116,098
Sep 19976,9732,89717.742.95$132,261
Aug 199710,6382,36917.862.55$196,047
Jul 199716,5573,33317.582.25$298,561
Jun 19971625417.242.26$2,915

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.

Aug 2025 — as filed, then multipliedworked
Oil                    1 bbl  × $ 63.93 =        $64
Casinghead gas         0 Mcf  × $  3.01 =         $0

────────────────────────────────────────────────────
Month total                                      $64

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/23279 is the state's own key, not one this site invented.