BAILEY-HANN 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 23369District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$2.2 M
Sep 1997 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
345
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
OilDisposition49,530 bbl$2,002,487
Casinghead gasProduction57,204 Mcf$192,380
Total$2,194,867

Every month this lease reported (345)

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

345 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 20250063.933.01$0
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 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 202395071.262.61$6,770
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
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 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 2022021108.885.08$107
Feb 2022022491.054.86$1,088
Jan 202218624881.844.54$16,348
Dec 2021243071.323.90$17,331
Nov 20210077.435.24$0
Oct 2021183079.795.71$14,602
Sep 20210069.865.35$0
Aug 2021180066.024.22$11,884
Jul 20210070.783.98$0
Jun 2021168069.493.38$11,674
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 2021186061.302.72$11,402
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 2020343044.642.68$15,312
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020172037.091.99$6,379
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 20200030.341.86$0
Feb 20200049.881.98$0
Jan 2020175057.252.09$10,019
Dec 20190059.012.30$0
Nov 2019178055.302.75$9,843
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 2019167053.112.30$8,869
Jul 20190056.272.46$0
Jun 2019164052.782.49$8,656
May 20190058.482.74$0
Apr 2019175062.632.75$10,960
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 2019157046.033.23$7,227
Dec 20180046.594.19$0
Nov 2018377152.934.24$19,959
Oct 20180161.443.40$3
Sep 20181059.543.11$60
Aug 20181845859.403.07$11,107
Jul 201803665.142.93$106
Jun 20182060.183.08$120
May 2018167065.382.90$10,918
Apr 20181063.842.90$64
Mar 20182061.222.79$122
Feb 201814561.782.77$186
Jan 20181936762.874.01$12,403
Dec 201705857.272.92$169
Nov 201708355.423.12$259
Oct 20171927849.292.98$9,696
Sep 201701347.523.09$40
Aug 20171886345.373.00$8,719
Jul 201707643.873.09$235
Jun 201717742.493.09$280
May 20171923045.373.26$8,809
Apr 20171047.933.21$48
Mar 2017177146.772.98$8,281
Feb 201706450.452.95$189
Jan 201706549.413.42$222
Dec 20161832848.763.72$9,027
Nov 201604142.492.64$108
Oct 20161796946.193.09$8,481
Sep 201607741.553.10$239
Aug 201619041.442.92$305
Jul 20161838441.622.92$7,862
Jun 201625845.352.69$246
May 201617710842.521.99$7,741
Apr 201628436.561.99$240
Mar 20161827933.011.79$6,150
Feb 201608826.472.06$182
Jan 2016210027.352.36$291
Dec 201518210932.362.00$6,108
Nov 2015010438.792.17$225
Oct 20151873343.552.43$8,224
Sep 20150042.992.76$0
Aug 2015190040.162.87$7,630
Jul 20153048.152.95$144
Jun 20150056.152.88$0
May 20151781555.212.96$9,872
Apr 201501249.822.71$32
Mar 2015181042.892.93$7,763
Feb 201516244.662.98$229
Jan 201518011043.433.10$8,158
Dec 2014011254.693.59$402
Nov 20141798670.464.25$12,978
Oct 20143078.303.90$235
Sep 2014189086.164.05$16,284
Aug 20142089.394.04$179
Jul 2014185096.564.18$17,864
Jun 20142098.164.74$196
May 2014182094.734.73$17,241
Apr 201427095.944.81$529
Mar 2014310095.895.06$793
Feb 20141769097.406.19$17,700
Jan 2014011390.404.86$549
Dec 201318410891.824.35$17,365
Nov 201327888.853.74$469
Oct 20131896197.423.78$18,643
Sep 2013087104.113.72$323
Aug 201318178104.253.52$19,144
Jul 2013075102.523.72$279
Jun 20131927594.403.93$18,420
May 201314494.834.15$277
Apr 20131773993.964.28$16,798
Mar 201304693.623.91$180
Feb 20131824491.233.42$16,754
Jan 20131926091.603.42$17,792
Dec 201205286.773.42$178
Nov 20127311386.953.62$6,757
Oct 20121792089.383.40$16,067
Sep 2012188094.672.92$17,798
Aug 20120292.662.91$6
Jul 2012018385.133.02$553
Jun 2012191379.822.52$15,253
May 201201091.612.49$25
Apr 201217961101.652.00$18,317
Mar 2012063105.052.22$140
Feb 201218058101.102.57$18,347
Jan 201206298.092.73$170
Dec 20111876296.873.24$18,316
Nov 201106695.723.31$219
Oct 20111947184.983.65$16,745
Sep 201107183.623.99$283
Aug 201119311783.404.15$16,582
Jul 201108294.144.52$370
Jun 2011658792.904.64$6,442
May 20111899098.134.40$18,943
Apr 2011060105.964.33$260
Mar 20111795796.364.06$17,480
Feb 20111953485.644.18$16,842
Jan 201103786.504.59$170
Dec 20101833785.734.35$15,849
Nov 201016180.843.80$312
Oct 20101879278.103.51$14,928
Sep 201006072.633.98$239
Aug 20101845973.684.42$13,818
Jul 2010010772.554.74$507
Jun 201018212770.364.91$13,429
May 201017713471.124.24$13,156
Apr 2010012581.694.12$515
Mar 201018111978.394.39$14,711
Feb 2010010773.585.44$582
Jan 201018510974.365.96$14,407
Dec 2009010871.445.48$592
Nov 200918213674.593.75$14,086
Oct 200918014772.544.11$13,661
Sep 200918016165.543.06$12,291
Aug 2009012967.423.22$415
Jul 200918017361.133.46$11,603
Jun 200919318066.163.90$13,470
May 2009017254.743.93$675
Apr 200918419246.773.59$9,294
Mar 200918731942.144.06$9,175
Feb 20091828932.814.63$6,384
Jan 2009013235.865.37$709
Dec 200818713037.105.98$7,715
Nov 200819713055.496.86$11,823
Oct 2008013275.246.92$914
Sep 2008196131101.767.88$20,977
Aug 2008086114.228.48$730
Jul 200819539131.0811.39$26,005
Jun 2008085131.3313.03$1,108
May 2008195119123.1711.57$25,395
Apr 2008198112110.3110.45$23,012
Mar 20080107101.909.66$1,034
Feb 200820110292.538.77$19,493
Jan 200819911290.388.21$18,905
Dec 200709588.337.30$694
Nov 20072018891.677.29$19,067
Oct 2007013382.856.92$921
Sep 20071956975.846.24$15,220
Aug 20071963869.066.39$13,779
Jul 200733770.906.39$449
Jun 20071333662.007.55$8,518
May 20071996858.747.85$12,223
Apr 20071939259.617.81$12,223
Mar 200718711056.927.30$11,447
Feb 200718421255.108.22$11,880
Jan 200703750.306.73$249
Dec 200619216156.656.92$11,991
Nov 200618916154.207.62$11,470
Oct 2006016354.906.01$980
Sep 200619117560.085.04$12,357
Aug 200618719068.717.34$14,243
Jul 200618919269.376.34$14,329
Jun 200619419166.286.38$14,078
May 200636220166.016.42$25,187
Apr 2006021064.397.36$1,546
Mar 200636926256.707.08$22,778
Feb 200618211557.597.75$11,373
Jan 200655160.598.93$759
Dec 200525854.9413.42$888
Nov 20050054.6910.59$0
Oct 20051823258.3413.80$11,059
Sep 200517710461.4512.08$12,133
Aug 200517613661.519.80$12,158
Jul 200509855.697.84$769
Jun 200516310352.337.38$9,290
May 200517510645.226.65$8,619
Apr 200518110549.207.36$9,678
Mar 2005011650.377.15$830
Feb 20051859045.226.31$8,934
Jan 200518510643.166.32$8,655
Dec 200418710639.866.75$8,169
Nov 2004210145.286.33$730
Oct 200418911949.706.52$10,169
Sep 200418511043.245.28$8,581
Aug 200418410642.375.55$8,384
Jul 200418211538.286.08$7,667
Jun 200417910236.106.43$7,118
May 200416337.486.49$447
Apr 200416511234.475.86$6,344
Mar 200417910534.365.53$6,731
Feb 200414910332.455.51$5,403
Jan 200416510932.036.30$5,972
Dec 200317211530.266.30$5,929
Nov 200318912428.804.60$6,013
Oct 200318411328.174.76$5,721
Sep 200325926.314.75$333
Aug 200318613229.765.13$6,212
Jul 200318410829.415.17$5,970
Jun 200318210428.565.98$5,820
May 200318710626.595.97$5,605
Apr 200318511326.675.41$5,545
Mar 200317712031.146.10$6,243
Feb 2003210733.487.93$915
Jan 20031776430.315.58$5,722
Dec 20021695326.914.85$4,805
Nov 20023498724.664.14$8,966
Oct 200209226.464.23$389
Sep 20023209227.443.64$9,115
Aug 20021739625.963.16$4,795
Jul 200217214924.583.06$4,684
Jun 200217513823.733.34$4,613
May 200216813824.663.58$4,637
Apr 200217614423.653.51$4,668
Mar 200215614322.003.10$3,876
Feb 200218110618.222.38$3,550
Jan 200232613117.172.38$5,909
Dec 200117016216.932.36$3,261
Nov 200117716918.072.41$3,605
Oct 200115913319.782.53$3,481
Sep 200133015324.262.25$8,350
Aug 200117016424.873.05$4,729
Jul 200117116423.933.20$4,616
Jun 200133218124.563.82$8,846
May 200132417625.524.31$9,027
Apr 200115714424.685.34$4,643
Mar 200133215224.545.38$8,965
Feb 200115712827.755.77$5,095
Jan 200132810127.478.40$9,858
Dec 200033010726.889.12$9,847
Nov 200017214032.215.66$6,332
Oct 200034311631.235.15$11,309
Sep 200015514531.875.19$5,692
Aug 20003199429.644.54$9,882
Jul 200033617228.534.09$10,290
Jun 200035211629.304.40$10,824
May 20003243727.263.68$8,968
Apr 20003203624.513.12$7,955
Mar 20003633828.422.86$10,425
Feb 20003505427.622.73$9,814
Jan 20003384425.272.48$8,650
Dec 199935612324.282.42$8,942
Nov 199939013023.192.43$9,361
Oct 199937113720.982.80$8,168
Sep 199923311321.752.62$5,364
Aug 199953114519.262.88$10,644
Jul 199948521517.892.37$9,187
Jun 199937822715.942.36$6,562
May 199945424815.792.32$7,744
Apr 199947021315.102.21$7,567
Mar 199952231312.471.84$7,085
Feb 19995303009.981.82$5,835
Jan 199951531710.381.90$5,948
Dec 199804979.201.77$881
Nov 1998045010.892.19$984
Oct 1998036012.421.97$709
Sep 1998045012.592.08$937
Aug 1998016211.301.91$309
Jul 199805911.742.24$132
Jun 199806811.242.24$152
May 199801,78412.622.21$3,936
Apr 19987274,64813.042.51$21,125
Mar 19981,8326,53912.802.31$38,551
Feb 19981,6983,77313.952.30$32,362
Jan 19987414,99914.702.15$21,665
Dec 19979086,35016.322.41$30,129
Nov 19974,8431,80618.193.09$93,672
Oct 19973541,12719.253.15$10,364
Sep 199737485217.742.95$9,152

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.

Dec 2023 — as filed, then multipliedworked
Oil                   95 bbl  × $ 71.26 =     $6,770
Casinghead gas         0 Mcf  × $  2.61 =         $0

────────────────────────────────────────────────────
Month total                                   $6,770

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/23369 is the state's own key, not one this site invented.