TIMBERWOLF UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 23396District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$2.3 M
Nov 1997 – Dec 2023
Value, last 12 filed months
$9 k
at the published price for each month
Months reported
314
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 598 leases and 630 wells, and the rule below applies to all of them.

Discovered
1977-03-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1997-05-16.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858.

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
OilDisposition78,332 bbl$2,095,067
Casinghead gasProduction43,354 Mcf$191,243
Total$2,286,310

Every month this lease reported (314)

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

314 months

Dec 20230071.262.61$0
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 2023130068.962.26$8,965
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 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
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 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 201928046.033.23$1,289
Dec 20180046.594.19$0
Nov 20183052.934.24$159
Oct 2018159061.443.40$9,769
Sep 20180059.543.11$0
Aug 20181059.403.07$59
Jul 20180065.142.93$0
Jun 2018174060.183.08$10,471
May 20181643165.382.90$10,812
Apr 20183411763.842.90$21,819
Mar 20181901061.222.79$11,660
Feb 20184161.782.77$250
Jan 20181162.874.01$67
Dec 20170157.272.92$3
Nov 20170055.423.12$0
Oct 20170149.292.98$3
Sep 201706647.523.09$204
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 201704642.493.09$142
May 201718119545.373.26$8,848
Apr 201707947.933.21$254
Mar 2017178046.772.98$8,325
Feb 201703850.452.95$112
Jan 20171612949.413.42$8,054
Dec 2016318448.763.72$15,521
Nov 20161636142.492.64$7,087
Oct 201636424146.193.09$17,558
Sep 201690132341.553.10$38,438
Aug 20165399941.442.92$22,626
Jul 201603741.622.92$108
Jun 20161753845.352.69$8,038
May 201603542.521.99$70
Apr 20161894436.561.99$6,997
Mar 201601733.011.79$31
Feb 201613826.472.06$105
Jan 20161787527.352.36$5,046
Dec 201508232.362.00$164
Nov 201527938.792.17$249
Oct 20151908843.552.43$8,488
Sep 201508042.992.76$221
Aug 20151776040.162.87$7,281
Jul 20151816248.152.95$8,898
Jun 201506056.152.88$173
May 20151844755.212.96$10,298
Apr 201521249.822.71$132
Mar 20151943442.892.93$8,420
Feb 20150344.662.98$9
Jan 20151901743.433.10$8,304
Dec 20141833554.693.59$10,134
Nov 201401170.464.25$47
Oct 201406178.303.90$238
Sep 20141936086.164.05$16,872
Aug 201415789.394.04$319
Jul 201438611196.564.18$37,736
Jun 201418110098.164.74$18,241
May 201436613494.734.73$35,305
Apr 201419810995.944.81$19,520
Mar 201409295.895.06$465
Feb 20141813097.406.19$17,815
Jan 201403190.404.86$151
Dec 20131913191.824.35$17,673
Nov 201333088.853.74$379
Oct 20131803197.423.78$17,653
Sep 201318930104.113.72$19,788
Aug 2013034104.253.52$120
Jul 201319037102.523.72$19,616
Jun 20131813094.403.93$17,204
May 201303994.834.15$162
Apr 20131894593.964.28$17,951
Mar 20131825593.623.91$17,254
Feb 20131837691.233.42$16,955
Jan 201319024291.603.42$18,232
Dec 201254056786.773.42$48,795
Nov 201276366986.953.62$68,768
Oct 201255221389.383.40$50,062
Sep 20120094.672.92$0
Aug 20120192.662.91$3
Jul 2012032485.133.02$979
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 20121766101.652.00$17,902
Mar 201216105.052.22$118
Feb 201205101.102.57$13
Jan 20120998.092.73$25
Dec 2011164096.873.24$15,887
Nov 201101195.723.31$36
Oct 201101084.983.65$36
Sep 20110083.623.99$0
Aug 2011177083.404.15$14,762
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 2011014398.134.40$630
Apr 2011030105.964.33$130
Mar 2011174096.364.06$16,767
Feb 20110085.644.18$0
Jan 2011218786.504.59$1,031
Dec 201008885.734.35$383
Nov 201004480.843.80$167
Oct 201017926478.103.51$14,906
Sep 201017772.633.98$379
Aug 201007773.684.42$340
Jul 20101731172.554.74$12,603
Jun 2010119870.364.91$1,043
May 201007771.124.24$326
Apr 201006681.694.12$272
Mar 20101887778.394.39$15,075
Feb 201006673.585.44$359
Jan 2010014374.365.96$853
Dec 2009014371.445.48$784
Nov 200918719874.593.75$14,691
Oct 200909972.544.11$407
Sep 20091807765.543.06$12,033
Aug 200909967.423.22$319
Jul 2009124261.133.46$900
Jun 200903366.163.90$129
May 2009029754.743.93$1,166
Apr 200918424246.773.59$9,474
Mar 2009126442.144.06$1,114
Feb 2009122032.814.63$1,052
Jan 200919818735.865.37$8,105
Dec 2008012137.105.98$723
Nov 2008023155.496.86$1,585
Oct 2008029775.246.92$2,056
Sep 2008189231101.767.88$21,052
Aug 20080220114.228.48$1,866
Jul 2008198308131.0811.39$29,462
Jun 20080244131.3313.03$3,180
May 2008199403123.1711.57$29,175
Apr 20080337110.3110.45$3,523
Mar 20080225101.909.66$2,174
Feb 200819943892.538.77$22,255
Jan 2008040490.388.21$3,315
Dec 2007268088.337.30$5,142
Nov 200718621591.677.29$18,618
Oct 2007136782.856.92$2,623
Sep 2007033875.846.24$2,111
Aug 200719126669.066.39$14,890
Jul 2007045470.906.39$2,900
Jun 2007043862.007.55$3,306
May 200719038758.747.85$14,197
Apr 2007243159.617.81$3,483
Mar 200718239156.927.30$13,215
Feb 2007041355.108.22$3,393
Jan 2007140650.306.73$2,781
Dec 200620062756.656.92$15,668
Nov 2006113454.207.62$1,075
Oct 200619642554.906.01$13,316
Sep 2006162860.085.04$3,223
Aug 200618851068.717.34$16,661
Jul 20061863769.376.34$13,138
Jun 2006022366.286.38$1,424
May 2006011266.016.42$720
Apr 200615664.397.36$477
Mar 20060056.707.08$0
Feb 20061057.597.75$58
Jan 20061060.598.93$61
Dec 20051054.9413.42$55
Nov 20050054.6910.59$0
Oct 2005192058.3413.80$11,201
Sep 200521761.4512.08$328
Aug 200516861.519.80$728
Jul 20051881655.697.84$10,595
Jun 20053245852.337.38$17,383
May 200514810545.226.65$7,391
Apr 20054049.207.36$197
Mar 200501150.377.15$79
Feb 20051781245.226.31$8,125
Jan 200503143.166.32$196
Dec 200412839.866.75$229
Nov 20041867945.286.33$8,922
Oct 200437416149.706.52$19,637
Sep 200437312743.245.28$16,800
Aug 200429142.375.55$590
Jul 200418712838.286.08$7,937
Jun 2004213336.106.43$928
May 200437318037.486.49$15,149
Apr 200421034.475.86$128
Mar 20041034.365.53$34
Feb 2004194832.455.51$6,339
Jan 20042032.036.30$64
Dec 20030030.266.30$0
Nov 200335528.804.60$339
Oct 2003113928.174.76$690
Sep 200318913626.314.75$5,619
Aug 20031878829.765.13$6,017
Jul 2003192129.415.17$5,652
Jun 20031964428.565.98$5,861
May 200322426.595.97$197
Apr 20031696726.675.41$4,870
Mar 20033765931.146.10$12,068
Feb 20033773533.487.93$12,899
Jan 2003611830.315.58$841
Dec 2002614826.914.85$880
Nov 20023494924.664.14$8,809
Oct 200218322426.464.23$5,790
Sep 200217215027.443.64$5,265
Aug 200236124025.963.16$10,131
Jul 200233618524.583.06$8,825
Jun 200235730123.733.34$9,476
May 200218027524.663.58$5,424
Apr 20021806923.653.51$4,499
Mar 200207222.003.10$223
Feb 200218019818.222.38$3,750
Jan 200236115817.172.38$6,574
Dec 200136324816.932.36$6,732
Nov 200135322218.072.41$6,913
Oct 200136027619.782.53$7,819
Sep 2001039124.262.25$880
Aug 200134724724.873.05$9,384
Jul 200135724723.933.20$9,333
Jun 200153042824.563.82$14,654
May 200136359525.524.31$11,827
Apr 20017221,17624.685.34$24,093
Mar 200170863524.545.38$20,788
Feb 20011788427.755.77$5,424
Jan 200182027.478.40$388
Dec 20001926.889.12$109
Nov 20000132.215.66$6
Oct 20000031.235.15$0
Sep 20003431.875.19$116
Aug 20000029.644.54$0
Jul 20000228.534.09$8
Jun 20000129.304.40$4
May 20000027.263.68$0
Apr 20000424.513.12$12
Mar 20000028.422.86$0
Feb 20000127.622.73$3
Jan 20000125.272.48$2
Dec 1999176024.282.42$4,273
Nov 19990323.192.43$7
Oct 19990520.982.80$14
Sep 19991822921.752.62$4,034
Aug 19993656619.262.88$7,220
Jul 199917912417.892.37$3,496
Jun 199970750315.942.36$12,458
May 199972380215.792.32$13,278
Apr 1999359615.102.21$5,434
Mar 19991,2808912.471.84$16,125
Feb 19995512659.981.82$5,981
Jan 199954913710.381.90$5,959
Dec 19987141219.201.77$6,783
Nov 199890825410.892.19$10,443
Oct 19981,07731812.421.97$14,003
Sep 19981,24132712.592.08$16,305
Aug 19986987911.301.91$8,038
Jul 199802211.742.24$49
Jun 19982,4621,56911.242.24$31,183
May 19989,1974,29012.622.21$125,531
Apr 199815,8733,12813.042.51$214,821
Mar 199811,676012.802.31$149,453
Feb 199817615913.952.30$2,821
Jan 199851428914.702.15$8,179
Dec 199790329116.322.41$15,439
Nov 19971,2431,65918.193.09$27,734

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.

Jun 2023 — as filed, then multipliedworked
Oil                  130 bbl  × $ 68.96 =     $8,965
Casinghead gas         0 Mcf  × $  2.26 =         $0

────────────────────────────────────────────────────
Month total                                   $8,965

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/23396 is the state's own key, not one this site invented.