FRAZIER-GALL 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 23376District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$6.7 M
Sep 1997 – May 2026
Value, last 12 filed months
$79 k
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
OilDisposition166,691 bbl$6,162,841
Casinghead gasProduction138,472 Mcf$561,716
Total$6,724,557

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 202617416106.413.05$18,564
Apr 20260898.932.87$23
Mar 20261751689.753.15$15,757
Feb 202604063.503.75$150
Jan 202616823259.138.00$11,789
Dec 2025020056.664.41$883
Nov 20251652458.593.93$9,762
Oct 2025172859.383.30$10,240
Sep 202502462.743.08$74
Aug 202512363.933.01$133
Jul 20250066.743.32$0
Jun 2025176866.483.13$11,726
May 202501660.553.23$52
Apr 20251771662.363.54$11,094
Mar 202505567.704.27$235
Feb 20251743270.884.34$12,472
Jan 202501674.324.28$68
Dec 20241696468.993.12$11,859
Nov 202403269.052.20$70
Oct 20241746471.372.28$12,564
Sep 202405669.612.36$132
Aug 202417620075.632.06$13,724
Jul 2024012179.932.15$260
Jun 202417824078.082.63$14,530
May 2024024878.812.20$545
Apr 2024020584.451.66$340
Mar 202417424880.301.55$14,355
Feb 202413922476.091.78$10,976
Jan 20240073.023.30$0
Dec 202318022571.262.61$13,414
Nov 2023191077.892.81$14,877
Oct 2023174085.443.09$14,867
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023168074.852.64$12,575
Jun 2023169068.962.26$11,654
May 20230070.622.23$0
Apr 2023176078.122.24$13,749
Mar 2023179072.852.39$13,040
Feb 20230075.112.47$0
Jan 2023179076.533.39$13,699
Dec 2022184076.415.73$14,059
Nov 20220085.005.65$0
Oct 2022184087.185.86$16,041
Sep 2022169084.888.16$14,345
Aug 20220094.529.13$0
Jul 20221830101.587.54$18,589
Jun 20221790115.097.98$20,601
May 20221850109.378.43$20,233
Apr 20221900104.226.84$19,802
Mar 20221710108.885.08$18,618
Feb 2022166091.054.86$15,114
Jan 2022179081.844.54$14,649
Dec 2021178071.323.90$12,695
Nov 2021180077.435.24$13,937
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 2021175066.024.22$11,554
Jul 20210070.783.98$0
Jun 2021170069.493.38$11,813
May 2021179063.483.02$11,363
Apr 2021344060.362.76$20,764
Mar 2021179061.302.72$10,973
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 2020173044.642.68$7,723
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 2020188030.341.86$5,704
Feb 2020190049.881.98$9,477
Jan 2020360357.252.09$20,616
Dec 2019179159.012.30$10,565
Nov 20191905755.302.75$10,664
Oct 20193784653.472.42$20,323
Sep 20191832855.052.66$10,149
Aug 20191772453.112.30$9,456
Jul 20195311556.272.46$29,916
Jun 201934610452.782.49$18,521
May 2019692158.482.74$40,471
Apr 20198871462.632.75$55,591
Mar 201904256.803.06$129
Feb 201902750.852.79$75
Jan 20191484546.033.23$6,958
Dec 20181863646.594.19$8,816
Nov 20181718352.934.24$9,403
Oct 201801061.443.40$34
Sep 20183487259.543.11$20,944
Aug 2018016659.403.07$509
Jul 201818126465.142.93$12,564
Jun 201819126360.183.08$12,304
May 201819025165.382.90$13,150
Apr 2018118663.842.90$603
Mar 201818922761.222.79$12,203
Feb 201817321461.782.77$11,280
Jan 201818119662.874.01$12,165
Dec 20171786357.272.92$10,378
Nov 201717428355.423.12$10,526
Oct 2017031649.292.98$943
Sep 201718626647.523.09$9,660
Aug 201718928145.373.00$9,419
Jul 2017181043.873.09$7,940
Jun 2017194042.493.09$8,243
May 20170045.373.26$0
Apr 2017192047.933.21$9,203
Mar 2017191046.772.98$8,933
Feb 2017179050.452.95$9,031
Jan 2017179049.413.42$8,844
Dec 2016182048.763.72$8,874
Nov 201617413042.492.64$7,737
Oct 201618134246.193.09$9,417
Sep 201618031541.553.10$8,456
Aug 201618034541.442.92$8,468
Jul 201618538341.622.92$8,820
Jun 201618235345.352.69$9,202
May 201618437342.521.99$8,566
Apr 201617636136.561.99$7,153
Mar 201619340733.011.79$7,101
Feb 201619134226.472.06$5,762
Jan 201618236527.352.36$5,841
Dec 201518136632.362.00$6,590
Nov 201518836438.792.17$8,081
Oct 201517939643.552.43$8,756
Sep 201518537042.992.76$8,974
Aug 201517938940.162.87$8,306
Jul 201518038248.152.95$9,792
Jun 201535834356.152.88$21,091
May 201517735355.212.96$10,815
Apr 201517633649.822.71$9,678
Mar 201518634742.892.93$8,996
Feb 201517836144.662.98$9,024
Jan 201517940743.433.10$9,036
Dec 201417841854.693.59$11,236
Nov 201418440670.464.25$14,691
Oct 201435742678.303.90$29,615
Sep 201418343086.164.05$17,507
Aug 201417940589.394.04$17,635
Jul 201435637396.564.18$35,934
Jun 201417741798.164.74$19,350
May 201418146994.734.73$19,363
Apr 201418230895.944.81$18,942
Mar 201435629495.895.06$35,624
Feb 201419529797.406.19$20,832
Jan 201418925890.404.86$18,340
Dec 201334139691.824.35$33,035
Nov 201317830288.853.74$16,944
Oct 201336034397.423.78$36,368
Sep 2013180341104.113.72$20,008
Aug 2013184351104.253.52$20,418
Jul 2013362351102.523.72$38,417
Jun 201317837694.403.93$18,282
May 201335933794.834.15$35,442
Apr 201317633693.964.28$17,976
Mar 201336032993.623.91$34,991
Feb 201318028191.233.42$17,382
Jan 201337630391.603.42$35,478
Dec 201217830486.773.42$16,485
Nov 201236032186.953.62$32,466
Oct 201235640589.383.40$33,196
Sep 201217928394.672.92$17,772
Aug 201236942392.662.91$35,422
Jul 201255833385.133.02$48,508
Jun 201236934979.822.52$30,333
May 2012012191.612.49$301
Apr 2012369365101.652.00$38,238
Mar 20120367105.052.22$816
Feb 2012179326101.102.57$18,935
Jan 201219238598.092.73$19,886
Dec 201136042396.873.24$36,244
Nov 201117441995.723.31$18,043
Oct 201117943684.983.65$16,802
Sep 201118949083.623.99$17,757
Aug 201119349283.404.15$18,138
Jul 201137941294.144.52$37,540
Jun 201119139392.904.64$19,567
May 201117741398.134.40$19,188
Apr 2011187415105.964.33$21,613
Mar 201136640796.364.06$36,919
Feb 201118533785.644.18$17,252
Jan 201137838486.504.59$34,459
Dec 201018939785.734.35$17,929
Nov 201018838280.843.80$16,648
Oct 201036837378.103.51$30,050
Sep 201019342172.633.98$15,693
Aug 201017941873.684.42$15,036
Jul 201017044572.554.74$14,441
Jun 201036343470.364.91$27,672
May 201019444471.124.24$15,678
Apr 201036140181.694.12$31,143
Mar 201018439478.394.39$16,153
Feb 201036231973.585.44$28,372
Jan 201018335774.365.96$15,737
Dec 200935237171.445.48$27,181
Nov 200935636774.593.75$27,931
Oct 200917940672.544.11$14,653
Sep 200935540465.543.06$24,505
Aug 200917842967.423.22$13,382
Jul 200937647161.133.46$24,617
Jun 200918142766.163.90$13,638
May 200936943354.743.93$21,899
Apr 200936636046.773.59$18,409
Mar 200918030542.144.06$8,823
Feb 200936131432.814.63$13,299
Jan 200934740735.865.37$14,629
Dec 200819646237.105.98$10,033
Nov 200838548055.496.86$24,657
Oct 200839140975.246.92$32,250
Sep 2008195429101.767.88$23,222
Aug 200839281114.228.48$45,461
Jul 2008196331131.0811.39$29,462
Jun 2008392382131.3313.03$56,460
May 2008237408123.1711.57$33,914
Apr 2008393458110.3110.45$48,140
Mar 2008371488101.909.66$42,521
Feb 200839647092.538.77$40,764
Jan 200839549490.388.21$39,754
Dec 200719654488.337.30$21,285
Nov 200740251191.677.29$40,577
Oct 200739755282.856.92$36,712
Sep 200738952575.846.24$32,780
Aug 200739856869.066.39$31,114
Jul 200740555670.906.39$32,266
Jun 200740154862.007.55$28,999
May 200739456458.747.85$27,569
Apr 200738744059.617.81$26,503
Mar 200757243156.927.30$35,705
Feb 200738726355.108.22$23,485
Jan 200759020650.306.73$31,063
Dec 200619922056.656.92$12,795
Nov 200607354.207.62$556
Oct 2006130054.906.01$7,137
Sep 200637522660.085.04$23,668
Aug 200637638768.717.34$28,676
Jul 200618842169.376.34$15,712
Jun 200637939666.286.38$27,648
May 200638044766.016.42$27,956
Apr 200637345364.397.36$27,352
Mar 200638346956.707.08$25,038
Feb 200637441157.597.75$24,724
Jan 200656050260.598.93$38,415
Dec 200536744354.9413.42$26,106
Nov 200527749954.6910.59$20,433
Oct 200556153558.3413.80$40,109
Sep 200537245561.4512.08$28,355
Aug 200536551661.519.80$27,506
Jul 200536919955.697.84$22,110
Jun 200547746252.337.38$28,371
May 200556153945.226.65$28,953
Apr 200536852449.207.36$21,962
Mar 200555951650.377.15$31,849
Feb 200536646545.226.31$19,486
Jan 200555451343.166.32$27,154
Dec 200437049339.866.75$18,076
Nov 200455954945.286.33$28,787
Oct 200455457049.706.52$31,247
Sep 200455655243.245.28$26,958
Aug 200438022142.375.55$17,327
Jul 200455732538.286.08$23,299
Jun 200455620336.106.43$21,378
May 200437018337.486.49$15,056
Apr 200454740134.475.86$21,204
Mar 200456356034.365.53$22,442
Feb 200456056132.455.51$21,263
Jan 200457065432.036.30$22,377
Dec 200357368030.266.30$21,624
Nov 200373571728.804.60$24,463
Oct 200373675928.174.76$24,346
Sep 200356085126.314.75$18,775
Aug 200355598129.765.13$21,549
Jul 200373696329.415.17$26,625
Jun 200375683528.565.98$26,587
May 200376388326.595.97$25,562
Apr 200375881526.675.41$24,623
Mar 200394780231.146.10$34,379
Feb 200374565633.487.93$30,142
Jan 200355962630.315.58$20,438
Dec 200294860326.914.85$28,438
Nov 200276259324.664.14$21,244
Oct 200274763926.464.23$22,468
Sep 200292059427.443.64$27,404
Aug 200292458825.963.16$25,848
Jul 200272155524.583.06$19,421
Jun 200275557023.733.34$19,819
May 200274052724.663.58$20,137
Apr 200291357023.653.51$23,594
Mar 200294041922.003.10$21,980
Feb 200275641218.222.38$14,753
Jan 20021,07742717.172.38$19,507
Dec 200188439416.932.36$15,898
Nov 200189235518.072.41$16,972
Oct 20011,06332519.782.53$21,848
Sep 20011,06124624.262.25$26,294
Aug 20011,20617824.873.05$30,537
Jul 20011,21013823.933.20$29,397
Jun 20011,23915924.563.82$31,038
May 20011,04618225.524.31$27,478
Apr 20011,36914424.685.34$34,555
Mar 20016896824.545.38$17,274
Feb 200113427.755.77$224
Jan 200135215827.478.40$10,996
Dec 200051718126.889.12$15,548
Nov 200067423432.215.66$23,034
Oct 200068228531.235.15$22,765
Sep 200049814331.875.19$16,613
Aug 20008353729.644.54$24,917
Jul 20006814328.534.09$19,605
Jun 200089222129.304.40$27,107
May 200088630627.263.68$25,278
Apr 20001,22640824.513.12$31,321
Mar 20001,06533928.422.86$31,237
Feb 20001,25734027.622.73$35,645
Jan 200089740125.272.48$23,662
Dec 19991,09138324.282.42$27,418
Nov 199971346123.192.43$17,657
Oct 19991,26731420.982.80$27,462
Sep 19991,06940321.752.62$24,306
Aug 19991,59454319.262.88$32,262
Jul 19991,40734217.892.37$25,983
Jun 199989738015.942.36$15,196
May 19991,94850815.792.32$31,938
Apr 19991,25846915.102.21$20,031
Mar 19991,74751612.471.84$22,734
Feb 19991,2424989.981.82$13,300
Jan 19991,80228810.381.90$19,252
Dec 19982,1265609.201.77$20,552
Nov 19981,92073610.892.19$22,517
Oct 19982,07190112.421.97$27,496
Sep 19982,1371,10912.592.08$29,214
Aug 19982,48471711.301.91$29,437
Jul 19982,4602,10011.742.24$33,579
Jun 19982,1272,87011.242.24$30,328
May 19982,6753,25212.622.21$40,934
Apr 19983,0585,27213.042.51$53,084
Mar 19985,6885,27712.802.31$84,993
Feb 19981,5922,87513.952.30$28,818
Jan 19983,1934,87314.702.15$57,437
Dec 19974,4916,31016.322.41$88,507
Nov 19976,6034,76918.193.09$134,836
Oct 19975,6522,13819.253.15$115,535
Sep 19973521,27717.742.95$10,018

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                  174 bbl  × $106.41 =    $18,515
Casinghead gas        16 Mcf  × $  3.05 =        $49

────────────────────────────────────────────────────
Month total                                  $18,564

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/23376 is the state's own key, not one this site invented.