BUSCHA-HEMPEL 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 23299District 03Field 34733500ST-1 filingOilCasinghead gasSaveExport
Value, all time
$14.3 M
Sep 1996 – May 2026
Value, last 12 filed months
$589 k
at the published price for each month
Months reported
357
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

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
ST-11none237970

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition154,260 bbl$9,251,333
Casinghead gasProduction1,172,831 Mcf$5,008,010
Total$14,259,343

13,014 Mcf of this lease's gas, across 4 months, 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.

Wells on this lease (2)

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 29.9733, -96.8995. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.9 miles.

29.97328, -96.89954 · 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 2 wells
With a plug date
0.0%
0 of 2 wells
Median depth
11,675 ft
2 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.
2100.0%

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

Between 10,215 and 13,135 ft, median 11,675 ft, over the 2 wells that filed a depth.

Completions filed
Nov 2004 – Nov 2019
2 of 2 wells

2 wells

42-149334892H10,215 ftNov 2019
42-14932425113,135 ftNov 2004

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 (357)

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

357 months

May 20263816,185106.413.05$59,381
Apr 20269226,92198.932.87$111,075
Mar 20261,1078,77489.753.15$126,986
Feb 202675410,31063.503.75$86,545
Jan 202601,00259.138.00$8,014
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20253773,15262.743.08$33,351
Aug 20257305,94263.933.01$64,583
Jul 20255585,86566.743.32$56,685
Jun 20253795,54866.483.13$42,554
May 20255663,79060.553.23$46,522
Apr 20259646,57362.363.54$83,404
Mar 20257507,13967.704.27$81,247
Feb 20255786,11270.884.34$67,500
Jan 20250074.324.28$0
Dec 20243803,27268.993.12$36,429
Nov 20241,1387,13669.052.20$94,267
Oct 20241,1317,80871.372.28$98,533
Sep 20247223,65569.612.36$58,900
Aug 20243823,90875.632.06$36,955
Jul 20243823,51779.932.15$38,083
Jun 20248775,51178.082.63$82,992
May 202416,16478.812.20$13,630
Apr 20245521,34484.451.66$48,846
Mar 20241945,64880.301.55$24,305
Feb 20241954,13276.091.78$22,208
Jan 20247726,72773.023.30$78,555
Dec 20235328,18371.262.61$59,274
Nov 20239408,46677.892.81$96,985
Oct 20231,1609,64785.443.09$128,893
Sep 20239359,68789.042.74$109,747
Aug 20231,3179,97080.522.67$132,693
Jul 20231,3279,81774.852.64$125,261
Jun 20239596,52368.962.26$80,865
May 20239656,80570.622.23$83,306
Apr 20239566,51178.122.24$89,253
Mar 20237786,54972.852.39$72,350
Feb 20239466,47675.112.47$87,022
Jan 20239647,42476.533.39$98,925
Dec 20221,3738,32476.415.73$152,600
Nov 20221,1726,83285.005.65$138,195
Oct 20227696,71287.185.86$106,399
Sep 20221,1557,06084.888.16$155,672
Aug 20229687,32194.529.13$158,315
Jul 20221,1398,125101.587.54$176,979
Jun 20229516,439115.097.98$160,816
May 20229547,548109.378.43$167,992
Apr 20221,5228,504104.226.84$216,770
Mar 20221,5619,728108.885.08$219,345
Feb 20221,5488,65191.054.86$182,979
Jan 20221,92010,12481.844.54$203,072
Dec 20211,92511,06471.323.90$180,431
Nov 20211,3598,46477.435.24$149,552
Oct 20211,5249,03779.795.71$173,236
Sep 20211,6838,79069.865.35$164,609
Aug 20211,91312,31766.024.22$178,281
Jul 20211,2989,83670.783.98$131,040
Jun 20211,47911,21969.493.38$140,703
May 20212,29714,26663.483.02$188,864
Apr 20211,72510,31260.362.76$132,566
Mar 20212,46716,69361.302.72$196,581
Feb 20211,10311,69657.805.55$128,642
Jan 20212,89217,37850.412.81$194,623
Dec 20203,05319,37144.642.68$188,112
Nov 20203,21819,29438.772.71$176,982
Oct 20203,65119,50736.972.48$183,324
Sep 20203,60819,28737.091.99$172,222
Aug 202060319,70839.982.39$71,113
Jul 20203715,05338.371.83$23,458
Jun 20207333,79634.901.69$31,998
May 20206704,25016.921.81$19,049
Apr 20206972,50214.751.80$14,795
Mar 20206925,76530.341.86$31,696
Feb 20207172,14849.881.98$40,018
Jan 20201,0703,36557.252.09$68,306
Dec 20198672,82559.012.30$57,671
Nov 201901255.302.75$33
Oct 20190053.472.42$0
Sep 201901755.052.66$45
Aug 2019083053.112.30$1,913
Jul 201917990756.272.46$12,304
Jun 201917192352.782.49$11,325
May 2019097258.482.74$2,664
Apr 201906662.632.75$182
Mar 201917354556.803.06$11,495
Feb 2019090150.852.79$2,516
Jan 201918673846.033.23$10,944
Dec 201818178546.594.19$11,718
Nov 2018077752.934.24$3,292
Oct 201817981161.443.40$13,754
Sep 201818281559.543.11$13,369
Aug 2018084059.403.07$2,576
Jul 201817787065.142.93$14,081
Jun 201817287760.183.08$13,049
May 201817285665.382.90$13,728
Apr 2018081263.842.90$2,355
Mar 201818883361.222.79$13,831
Feb 201819268961.782.77$13,768
Jan 201819179462.874.01$15,192
Dec 2017082557.272.92$2,410
Nov 201718781655.423.12$12,908
Oct 201719387049.292.98$12,109
Sep 2017073647.523.09$2,272
Aug 201718372545.373.00$10,481
Jul 2017088043.873.09$2,717
Jun 201718788042.493.09$10,662
May 2017091345.373.26$2,979
Apr 201719090847.933.21$12,023
Mar 201718692746.772.98$11,465
Feb 201718889350.452.95$12,121
Jan 20171761,00049.413.42$12,115
Dec 201619095348.763.72$12,812
Nov 2016089642.492.64$2,369
Oct 201619287746.193.09$11,579
Sep 2016070141.553.10$2,174
Aug 20161851,04041.442.92$10,708
Jul 201618791241.622.92$10,450
Jun 2016092645.352.69$2,487
May 201618893342.521.99$9,851
Apr 201618495136.561.99$8,621
Mar 2016095233.011.79$1,708
Feb 201619695326.472.06$7,155
Jan 20161751,03427.352.36$7,231
Dec 20151831,06532.362.00$8,053
Nov 201519597538.792.17$9,677
Oct 201501,02543.552.43$2,487
Sep 20151861,01342.992.76$10,790
Aug 20151771,08840.162.87$10,234
Jul 20151831,11248.152.95$12,086
Jun 20151871,17056.152.88$13,873
May 2015087355.212.96$2,580
Apr 20151951,03949.822.71$12,527
Mar 20151951,06742.892.93$11,495
Feb 201501,01644.662.98$3,024
Jan 20151781,12643.433.10$11,222
Dec 20141941,08154.693.59$14,492
Nov 20141871,00270.464.25$17,436
Oct 20141931,04578.303.90$19,188
Sep 20141811,08286.164.05$19,972
Aug 201401,13589.394.04$4,580
Jul 20141811,13996.564.18$22,238
Jun 20141801,10598.164.74$22,903
May 20141911,08894.734.73$23,236
Apr 20141941,09595.944.81$23,878
Mar 201401,09395.895.06$5,527
Feb 201419496097.406.19$24,840
Jan 20141811,09690.404.86$21,690
Dec 20131971,04691.824.35$22,643
Nov 20131921,05388.853.74$20,996
Oct 201301,15297.423.78$4,354
Sep 20131911,143104.113.72$24,134
Aug 20131831,159104.253.52$23,160
Jul 20131801,175102.523.72$22,822
Jun 201301,18594.403.93$4,661
May 20133841,44794.834.15$42,418
Apr 2013068393.964.28$2,925
Mar 20131861,03193.623.91$21,447
Feb 20131911,05291.233.42$21,023
Jan 20131931,13391.603.42$21,554
Dec 20121841,12086.773.42$19,796
Nov 201201,14986.953.62$4,165
Oct 20121891,24589.383.40$21,125
Sep 20121841,31394.672.92$21,251
Aug 20121901,39492.662.91$21,659
Jul 20121871,33185.133.02$19,940
Jun 20121911,36079.822.52$18,672
May 201201,36791.612.49$3,402
Apr 20121921,371101.652.00$22,254
Mar 20121861,449105.052.22$22,759
Feb 20121801,342101.102.57$21,647
Jan 20121951,33198.092.73$22,767
Dec 20111981,33896.873.24$23,515
Nov 20111951,36595.723.31$23,185
Oct 201101,45084.983.65$5,290
Sep 20111931,44083.623.99$21,878
Aug 20111931,52183.404.15$22,407
Jul 20113791,58694.144.52$42,843
Jun 20111911,46192.904.64$24,523
May 20111931,49398.134.40$25,515
Apr 20111941,480105.964.33$26,969
Mar 20111951,51296.364.06$24,925
Feb 20111911,35185.644.18$22,004
Jan 20111891,45786.504.59$23,034
Dec 20101951,44685.734.35$23,004
Nov 20101931,45380.843.80$21,117
Oct 201001,49078.103.51$5,228
Sep 20101921,46972.633.98$19,791
Aug 20101921,62573.684.42$21,328
Jul 20101921,65372.554.74$21,759
Jun 20101931,71470.364.91$21,996
May 20101951,75271.124.24$21,289
Apr 201001,49281.694.12$6,151
Mar 20101951,56378.394.39$22,146
Feb 20101911,44073.585.44$21,891
Jan 20101971,61474.365.96$24,275
Dec 200901,67371.445.48$9,174
Nov 20091951,67074.593.75$20,810
Oct 20091961,83172.544.11$21,744
Sep 20091881,84065.543.06$17,961
Aug 20091811,91767.423.22$18,373
Jul 20093752,11361.133.46$30,244
Jun 20091931,92666.163.90$20,271
May 20091932,27154.743.93$19,480
Apr 20091961,85246.773.59$15,811
Mar 20091932,00842.144.06$16,283
Feb 20091981,80332.814.63$14,850
Jan 20093972,45135.865.37$27,401
Dec 20083922,43137.105.98$29,074
Nov 20081942,52655.496.86$28,094
Oct 20083932,53475.246.92$47,110
Sep 20083882,662101.767.88$60,452
Aug 20085813,106114.228.48$92,710
Jul 20083892,782131.0811.39$82,676
Jun 20081942,708131.3313.03$60,770
May 20083902,997123.1711.57$82,724
Apr 20083903,068110.3110.45$75,096
Mar 20083903,014101.909.66$68,869
Feb 20083932,71492.538.77$60,168
Jan 20085933,36090.388.21$81,167
Dec 20073923,02588.337.30$56,714
Nov 20075853,23591.677.29$77,216
Oct 20071942,06282.856.92$30,346
Sep 20073862,69575.846.24$46,102
Aug 20075783,53569.066.39$62,498
Jul 20073863,37270.906.39$48,908
Jun 20073853,33262.007.55$49,021
May 20073923,86258.747.85$53,328
Apr 20073933,68259.617.81$52,165
Mar 20077764,30956.927.30$75,634
Feb 20073964,40755.108.22$58,028
Jan 20079525,15050.306.73$82,529
Dec 20063814,95456.656.92$55,858
Nov 20062002,98054.207.62$33,540
Oct 20063892,41154.906.01$35,855
Sep 20061892,99260.085.04$26,426
Aug 200602668.717.34$191
Jul 20061832,60969.376.34$29,243
Jun 20063773,01666.286.38$44,241
May 20063503,22766.016.42$43,837
Apr 20063343,25664.397.36$45,472
Mar 20063423,46556.707.08$43,934
Feb 20065283,10157.597.75$54,444
Jan 20063633,88260.598.93$56,673
Dec 20057304,09154.9413.42$94,989
Nov 20055324,19554.6910.59$73,513
Oct 20058034,89958.3413.80$114,432
Sep 20058485,62061.4512.08$119,994
Aug 20051,0277,26861.519.80$134,374
Jul 20051,0778,08255.697.84$123,370
Jun 20051,3226,80852.337.38$119,430
May 20051,2797,45745.226.65$107,434
Apr 20051,7837,32449.207.36$141,632
Mar 20055355,32550.377.15$65,048
Feb 20051,2085,85845.226.31$91,601
Jan 20058245,29943.166.32$69,065
Dec 20043654,08539.866.75$42,127
Nov 20040045.286.33$0
Oct 20042291,75849.706.52$22,835
Sep 20041031,60743.245.28$12,945
Aug 20041681,81642.375.55$17,198
Jul 20042812,16538.286.08$23,929
Jun 20041722,31236.106.43$21,082
May 20041551,72137.486.49$16,987
Apr 20043341,98534.475.86$23,142
Mar 20041661,98734.365.53$16,692
Feb 20043232,01332.455.51$21,572
Jan 20041952,34932.036.30$21,044
Dec 20031862,33630.266.30$20,349
Nov 20033552,51628.804.60$21,785
Oct 20031812,94328.174.76$19,106
Sep 20031783,03026.314.75$19,074
Aug 20033693,36029.765.13$28,217
Jul 20033704,48029.415.17$34,047
Jun 20035593,60128.565.98$37,510
May 20031871,88826.595.97$16,249
Apr 20031872,08426.675.41$16,256
Mar 20035613,99531.146.10$41,823
Feb 20031943,08833.487.93$30,970
Jan 200314948230.315.58$7,207
Dec 20021821,39626.914.85$11,673
Nov 200201,36524.664.14$5,647
Oct 20021761,57026.464.23$11,297
Sep 20021751,46227.443.64$10,117
Aug 20021811,55525.963.16$9,619
Jul 200201,68124.583.06$5,147
Jun 200201,21023.733.34$4,039
May 20021841,61124.663.58$10,311
Apr 200201,48623.653.51$5,219
Mar 20023541,67722.003.10$12,991
Feb 200201,30118.222.38$3,091
Jan 20021961,64617.172.38$7,276
Dec 200101,48516.932.36$3,511
Nov 20012001,35918.072.41$6,883
Oct 20011881,57019.782.53$7,689
Sep 20011941,55424.262.25$8,205
Aug 200101,68124.873.05$5,132
Jul 20011871,54523.933.20$9,414
Jun 20011981,47424.563.82$10,500
May 20011921,50825.524.31$11,395
Apr 20012081,51824.685.34$13,232
Mar 200101,53824.545.38$8,269
Feb 20011931,53127.755.77$14,185
Jan 20013651,68227.478.40$24,153
Dec 200001,56426.889.12$14,268
Nov 200001,67032.215.66$9,449
Oct 20003581,63331.235.15$19,583
Sep 200001,68431.875.19$8,734
Aug 200001,57529.644.54$7,152
Jul 20003591,73228.534.09$17,326
Jun 200001,69629.304.40$7,458
May 20001911,96727.263.68$12,445
Apr 20001941,72624.513.12$10,133
Mar 20003591,89028.422.86$15,608
Feb 200001,84427.622.73$5,028
Jan 20001921,90125.272.48$9,567
Dec 19991941,87724.282.42$9,260
Nov 19991901,78823.192.43$8,758
Oct 19991891,90920.982.80$9,318
Sep 19991881,97621.752.62$9,264
Aug 19991881,34019.262.88$7,474
Jul 1999188017.892.37$3,363
Jun 19991891,80515.942.36$7,276
May 19991892,22915.792.32$8,158
Apr 19991881,72015.102.21$6,637
Mar 19991882,08412.471.84$6,175
Feb 19991921,8529.981.82$5,283
Jan 19993502,14210.381.90$7,703
Dec 199802,1769.201.77$3,859
Nov 19983602,44610.892.19$9,267
Oct 19983662,63512.421.97$9,735
Sep 199802,73012.592.08$5,686
Aug 19981872,81811.301.91$7,488
Jul 19981892,82611.742.24$8,541
Jun 19983782,78911.242.24$10,488
May 19983542,89112.622.21$10,846
Apr 19981792,97013.042.51$9,775
Mar 19983723,47612.802.31$12,789
Feb 19981872,93213.952.30$9,350
Jan 19983783,77014.702.15$13,680
Dec 19973573,30416.322.41$13,793
Nov 19971803,60518.193.09$14,407
Oct 19973714,32819.253.15$20,774
Sep 19975324,29117.742.95$22,117
Aug 19973664,53317.862.55$18,117
Jul 19975324,77317.582.25$20,077
Jun 19973594,84217.242.26$17,119
May 19975435,50318.972.31$23,004
Apr 19973614,25117.882.08$15,309
Mar 19975455,34218.951.94$20,687
Feb 19975705,88720.492.21$24,665
Jan 19979437,66023.483.54$49,256
Dec 19968956,35823.32$20,871
Nov 19961,0293,26021.97$22,607
Oct 19968642,29223.31$20,140
Sep 19967021,10422.22$15,598

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                  381 bbl  × $106.41 =    $40,542
Casinghead gas     6,185 Mcf  × $  3.05 =    $18,839

────────────────────────────────────────────────────
Month total                                  $59,381

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/23299 is the state's own key, not one this site invented.