J & J 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 23292District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$9.6 M
Mar 1997 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
351
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
OilDisposition133,869 bbl$5,267,099
Casinghead gasProduction1,090,826 Mcf$4,357,326
Total$9,624,425

Wells on this lease (3)

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 30.4324, -96.6657. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.7 miles.

30.43268, -96.66755 · 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
33.3%
1 of 3 wells
With a plug date
33.3%
1 of 3 wells
Median depth
8,830 ft
3 wells filed one
Completion to plug
44.4 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
133.3%
A plug date is filed
133.3%
BothOn the schedule and plugged. Neither fact cancels the other.
133.3%
NeitherNo plug date, and not on the schedule.
266.7%

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

Between 8,450 and 11,475 ft, median 8,830 ft, over the 3 wells that filed a depth.

Completions filed
Mar 1981 – Mar 1997
3 of 3 wells
Plug dates filed
Aug 2025
1 of 3 wells; 2 filed none

Last completion to plug: a median of 44.4 years across the 1 well that filed both dates, with the middle half between 44.4 years and 44.4 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

3 wells

42-051335501HX11,475 ftMar 1997
42-0513175538,830 ftOct 1981
42-0513101728,450 ftMar 1981Aug 2025Yes

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 (351)

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

351 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 202573062.743.08$4,580
Aug 20257063.933.01$448
Jul 20255066.743.32$334
Jun 20254666.483.13$285
May 20254260.553.23$249
Apr 202531062.363.54$223
Mar 20251931367.704.27$13,122
Feb 202508270.884.34$356
Jan 2025010874.324.28$462
Dec 202404868.993.12$150
Nov 202422669.052.20$195
Oct 202418571.372.28$265
Sep 202409669.612.36$227
Aug 2024017675.632.06$363
Jul 202417428379.932.15$14,515
Jun 2024235978.082.63$1,102
May 202419138478.812.20$15,897
Apr 202416841684.451.66$14,878
Mar 202417942280.301.55$15,026
Feb 2024331676.091.78$792
Jan 2024015673.023.30$514
Dec 202318944471.262.61$14,627
Nov 2023180977.892.81$2,349
Oct 202318079285.443.09$17,824
Sep 202318780989.042.74$18,863
Aug 202318597280.522.67$17,494
Jul 20231921,16774.852.64$17,454
Jun 20231891,20068.962.26$15,744
May 20233651,59870.622.23$29,336
Apr 20231791,69078.122.24$17,765
Mar 202319095372.852.39$16,122
Feb 20231891,22975.112.47$17,226
Jan 20231901,30076.533.39$18,945
Dec 20221801,22276.415.73$20,755
Nov 20221891,22485.005.65$22,976
Oct 20221831,49787.185.86$24,732
Sep 20223861,56084.888.16$45,499
Aug 20221941,24894.529.13$29,728
Jul 20221871,613101.587.54$31,161
Jun 20221841,599115.097.98$33,932
May 20223721,777109.378.43$55,671
Apr 20223801,886104.226.84$52,499
Mar 20221921,917108.885.08$30,636
Feb 20223481,62391.054.86$39,571
Jan 20223831,84681.844.54$39,721
Dec 20213841,60471.323.90$33,641
Nov 20211891,50377.435.24$22,505
Oct 20213681,65879.795.71$38,836
Sep 20213641,72769.865.35$34,670
Aug 20211981,94966.024.22$21,298
Jul 20215241,97870.783.98$44,965
Jun 20211822,06269.493.38$19,618
May 20213732,30663.483.02$30,637
Apr 20215692,40060.362.76$40,965
Mar 20213712,46361.302.72$29,434
Feb 20213731,49057.805.55$29,826
Jan 20211922,21450.412.81$15,901
Dec 20203572,32544.642.68$22,157
Nov 20205562,04938.772.71$27,102
Oct 20203642,72536.972.48$20,211
Sep 20207202,74037.091.99$32,160
Aug 20205512,89839.982.39$28,941
Jul 20205422,50638.371.83$25,370
Jun 20203492,03234.901.69$15,615
May 20207162,82916.921.81$17,249
Apr 202003,06814.751.80$5,536
Mar 20205683,41130.341.86$23,565
Feb 20205623,06349.881.98$34,099
Jan 20207483,76357.252.09$50,706
Dec 20197063,20159.012.30$49,037
Nov 20195582,98355.302.75$39,063
Oct 20197412,92953.472.42$46,705
Sep 20195561,85855.052.66$35,545
Aug 20197361,82353.112.30$43,290
Jul 20195341,44256.272.46$33,596
Jun 201972795852.782.49$40,758
May 20197171,73958.482.74$46,696
Apr 20193721,66962.632.75$27,889
Mar 20195571,58556.803.06$36,491
Feb 20193721,74250.852.79$23,780
Jan 20193821,80746.033.23$23,417
Dec 20185812,44346.594.19$37,294
Nov 20185842,31852.934.24$40,733
Oct 20183852,47661.443.40$32,068
Sep 20185682,40759.543.11$41,300
Aug 20185362,29059.403.07$38,861
Jul 20187342,27365.142.93$54,477
Jun 20185601,96460.183.08$39,744
May 20183671,61565.382.90$28,679
Apr 20187482,23563.842.90$54,236
Mar 20187542,10861.222.79$52,035
Feb 20187691,64861.782.77$52,067
Jan 20189531,47062.874.01$65,809
Dec 20179471,22057.272.92$57,799
Nov 20171,3291,77855.423.12$79,198
Oct 20175492,07049.292.98$33,236
Sep 20173801,38147.523.09$22,321
Aug 201701,37245.373.00$4,122
Jul 20173651,46943.873.09$20,548
Jun 201718897042.493.09$10,983
May 20173651,42545.373.26$21,210
Apr 20173751,24547.933.21$21,972
Mar 20173711,14946.772.98$20,780
Feb 20171851,11850.452.95$12,634
Jan 20173691,29449.413.42$22,656
Dec 20161681,27648.763.72$12,942
Nov 20161901,39642.492.64$11,765
Oct 20163581,52246.193.09$21,239
Sep 20163661,56341.553.10$20,054
Aug 20165521,74841.442.92$27,987
Jul 20163631,86541.622.92$20,562
Jun 20167241,90445.352.69$37,947
May 20169062,06142.521.99$42,627
Apr 20169292,07036.561.99$38,086
Mar 20167421,42733.011.79$27,053
Feb 201635390426.472.06$11,209
Jan 20161861,03727.352.36$7,539
Dec 20153772,74332.362.00$17,690
Nov 20151892,47238.792.17$12,689
Oct 20151881,75443.552.43$12,444
Sep 20151871,56642.992.76$12,359
Aug 201501,52940.162.87$4,392
Jul 20151721,59848.152.95$12,988
Jun 201501,37356.152.88$3,958
May 20151821,40555.212.96$14,201
Apr 20151891,29349.822.71$12,916
Mar 20156296442.892.93$5,488
Feb 2015090144.662.98$2,682
Jan 2015065243.433.10$2,022
Dec 201419360054.693.59$12,710
Nov 2014060770.464.25$2,581
Oct 201419269778.303.90$17,753
Sep 201401,48386.164.05$5,999
Aug 201401,34989.394.04$5,443
Jul 20141791,53296.564.18$23,687
Jun 201401,43298.164.74$6,783
May 20141871,32994.734.73$23,996
Apr 201401,13995.944.81$5,478
Mar 201401,26395.895.06$6,387
Feb 20141801,26297.406.19$25,346
Jan 201401,39290.404.86$6,766
Dec 20131891,29691.824.35$22,997
Nov 201301,24588.853.74$4,654
Oct 20131831,16497.423.78$22,227
Sep 201301,215104.113.72$4,517
Aug 20131801,265104.253.52$23,221
Jul 20131831,396102.523.72$23,951
Jun 20131811,01294.403.93$21,067
May 2013091494.834.15$3,792
Apr 20131791,10093.964.28$21,530
Mar 201301,17293.623.91$4,586
Feb 201301,15591.233.42$3,950
Jan 20131831,32691.603.42$21,298
Dec 201201,29386.773.42$4,422
Nov 20121881,32386.953.62$21,142
Oct 201201,45789.383.40$4,953
Sep 20121831,49494.672.92$21,685
Aug 201201,58392.662.91$4,604
Jul 20121841,47685.133.02$20,123
Jun 201201,47879.822.52$3,723
May 201201,46591.612.49$3,645
Apr 20121821,457101.652.00$21,410
Mar 20121721,659105.052.22$21,755
Feb 20121421,610101.102.57$18,494
Jan 20121901,61098.092.73$23,039
Dec 201101,61496.873.24$5,229
Nov 20111761,57195.723.31$22,049
Oct 20111861,66584.983.65$21,881
Sep 201101,37583.623.99$5,480
Aug 201101,14383.404.15$4,743
Jul 20111741,34194.144.52$22,438
Jun 20111841,28292.904.64$23,042
May 201101,52798.134.40$6,726
Apr 20111881,640105.964.33$27,027
Mar 201101,66796.364.06$6,764
Feb 20111831,30285.644.18$21,114
Jan 20111891,56386.504.59$23,521
Dec 201001,70485.734.35$7,409
Nov 20103611,65380.843.80$35,457
Oct 20101841,85378.103.51$20,872
Sep 201001,93872.633.98$7,712
Aug 20101772,01073.684.42$21,924
Jul 20101861,95772.554.74$22,764
Jun 201001,87270.364.91$9,192
May 20101832,06771.124.24$21,769
Apr 20103521,99481.694.12$36,976
Mar 201002,05078.394.39$8,997
Feb 20101831,82573.585.44$23,397
Jan 20101851,99174.365.96$25,631
Dec 20091892,15771.445.48$25,331
Nov 200902,20974.593.75$8,287
Oct 20093572,36472.544.11$35,613
Sep 200902,16465.543.06$6,632
Aug 20091702,28967.423.22$18,829
Jul 20091872,34761.133.46$19,562
Jun 200902,23766.163.90$8,713
May 20093652,28154.743.93$28,935
Apr 20091852,24246.773.59$16,696
Mar 200902,39442.144.06$9,717
Feb 20091902,20032.814.63$16,427
Jan 20091972,23635.865.37$19,074
Dec 20081942,47637.105.98$21,997
Nov 20081822,42855.496.86$26,756
Oct 20081822,63275.246.92$31,912
Sep 20081962,562101.767.88$40,126
Aug 200802,649114.228.48$22,472
Jul 20083712,751131.0811.39$79,963
Jun 20081842,785131.3313.03$60,461
May 20083703,075123.1711.57$81,164
Apr 20081793,415110.3110.45$55,449
Mar 20081973,461101.909.66$53,522
Feb 20083791,98792.538.77$52,496
Jan 20081852,88690.388.21$40,402
Dec 20071963,00088.337.30$39,219
Nov 200702,82591.677.29$20,599
Oct 20073693,00782.856.92$51,386
Sep 200702,84675.846.24$17,771
Aug 200702,03669.066.39$13,006
Jul 20071842,20570.906.39$27,131
Jun 20071811,13362.007.55$19,774
May 20071932,47158.747.85$30,725
Apr 200702,41759.617.81$18,865
Mar 20073842,17756.927.30$37,754
Feb 200702,08455.108.22$17,122
Jan 20071972,47250.306.73$26,538
Dec 20063812,49956.656.92$38,873
Nov 20061952,44954.207.62$29,224
Oct 200602,67454.906.01$16,081
Sep 20061952,74160.085.04$25,523
Aug 20063782,80268.717.34$46,539
Jul 200602,71569.376.34$17,221
Jun 20061912,86366.286.38$30,937
May 20061952,99066.016.42$32,083
Apr 20063602,49564.397.36$41,545
Mar 200612,77056.707.08$19,676
Feb 20061882,35057.597.75$29,042
Jan 20063802,67660.598.93$46,930
Dec 200501,97754.9413.42$26,522
Nov 20053622,63554.6910.59$47,698
Oct 20051872,99758.3413.80$52,255
Sep 200532,88861.4512.08$35,069
Aug 20053873,09061.519.80$54,077
Jul 200543,30755.697.84$26,162
Jun 20051962,97152.337.38$32,186
May 20051992,76445.226.65$27,383
Apr 20051822,82049.207.36$29,711
Mar 20051953,31350.377.15$33,526
Feb 20052033,06345.226.31$28,513
Jan 20053853,59143.166.32$39,320
Dec 20041943,29639.866.75$29,984
Nov 20043763,35145.286.33$38,239
Oct 20041863,83649.706.52$34,236
Sep 20041973,62643.245.28$27,678
Aug 20043823,85442.375.55$37,578
Jul 200403,80538.286.08$23,150
Jun 20041943,95936.106.43$32,472
May 20047434,34837.486.49$56,086
Apr 200413,97234.475.86$23,304
Mar 20043904,39134.365.53$37,683
Feb 20043803,84932.455.51$33,538
Jan 20042034,13432.036.30$32,545
Dec 20033814,27130.266.30$38,443
Nov 20031964,01028.804.60$24,071
Oct 20033674,31828.174.76$30,891
Sep 20031944,10426.314.75$24,596
Aug 20033863,46929.765.13$29,282
Jul 200304,15729.415.17$21,495
Jun 20031934,25328.565.98$30,958
May 20033784,46226.595.97$36,701
Apr 20033823,72326.675.41$30,319
Mar 20033764,39131.146.10$38,476
Feb 200333,84833.487.93$30,599
Jan 20037573,74730.315.58$43,861
Dec 200264,61526.914.85$22,562
Nov 20027404,90624.664.14$38,544
Oct 20023745,47426.464.23$33,046
Sep 20021895,03327.443.64$23,482
Aug 20023585,48825.963.16$26,659
Jul 20027435,43324.583.06$34,897
Jun 20027325,48423.733.34$35,677
May 20023746,68824.663.58$33,193
Apr 20027366,75223.653.51$41,122
Mar 20027585,67822.003.10$34,293
Feb 20023854,75118.222.38$18,302
Jan 20027475,05217.172.38$24,828
Dec 20017625,82516.932.36$26,673
Nov 20013706,23318.072.41$21,680
Oct 20013825,12919.782.53$20,527
Sep 20017494,27224.262.25$27,788
Aug 20017444,05824.873.05$30,893
Jul 20019315,09023.933.20$38,552
Jun 200124,92024.563.82$18,864
May 20017516,36725.524.31$46,590
Apr 20017416,37924.685.34$52,322
Mar 20017726,26724.545.38$52,639
Feb 20013796,11027.755.77$45,754
Jan 20013827,34627.478.40$72,191
Dec 20007367,17526.889.12$85,238
Nov 20003717,07932.215.66$52,003
Oct 20007407,70731.235.15$62,767
Sep 20003657,53331.875.19$50,702
Aug 20007506,16229.644.54$50,210
Jul 20003617,43428.534.09$40,703
Jun 20007317,50629.304.40$54,424
May 20003707,76327.263.68$38,652
Apr 20007467,05124.513.12$40,255
Mar 20007637,09828.422.86$41,983
Feb 20003914,95627.622.73$24,312
Jan 20001761,65425.272.48$8,550
Dec 19997395,25624.282.42$30,682
Nov 19993665,24623.192.43$21,256
Oct 19993715,60220.982.80$23,490
Sep 19997156,46921.752.62$32,493
Aug 19997296,76219.262.88$33,485
Jul 19993706,57217.892.37$22,211
Jun 19997457,37715.942.36$29,301
May 19997538,21915.792.32$30,966
Apr 19997508,09415.102.21$29,197
Mar 19997548,40712.471.84$24,857
Feb 19999547,2409.981.82$22,682
Jan 19997527,54410.381.90$22,139
Dec 19981,1477,5399.201.77$23,921
Nov 19987657,23410.892.19$24,142
Oct 19987426,53312.421.97$22,080
Sep 19987296,40812.592.08$22,524
Aug 19987408,61111.301.91$24,786
Jul 19981,0958,98711.742.24$32,962
Jun 19981,1239,10611.242.24$32,995
May 19987459,33512.622.21$29,998
Apr 19981,1348,37913.042.51$35,780
Mar 19981,1299,91012.802.31$37,338
Feb 19981,1288,39013.952.30$35,025
Jan 19981,1109,46014.702.15$36,701
Dec 19971,5079,68916.322.41$47,955
Nov 19971,0949,58118.193.09$49,488
Oct 19971,50110,39619.253.15$61,640
Sep 19972,18515,97017.742.95$85,951
Aug 19971,87714,88317.862.55$71,545
Jul 19973,00019,33617.582.25$96,187
Jun 19972,99520,73817.242.26$98,444
May 19974,49326,28118.972.31$145,902
Apr 19974,87325,50817.882.08$140,257
Mar 19972,97610,70518.951.94$77,154

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.

Sep 2025 — as filed, then multipliedworked
Oil                   73 bbl  × $ 62.74 =     $4,580
Casinghead gas         0 Mcf  × $  3.08 =         $0

────────────────────────────────────────────────────
Month total                                   $4,580

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/23292 is the state's own key, not one this site invented.