SHAW 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 23418District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$2.2 M
Dec 1997 – May 2026
Value, last 12 filed months
$46 k
at the published price for each month
Months reported
342
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
OilDisposition57,846 bbl$2,028,646
Casinghead gasProduction56,479 Mcf$200,543
Total$2,229,189

Every month this lease reported (342)

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

342 months

May 20260248106.413.05$755
Apr 202617324098.932.87$17,804
Mar 2026122889.753.15$808
Feb 202603763.503.75$139
Jan 2026024859.138.00$1,983
Dec 2025024556.664.41$1,081
Nov 202517424058.593.93$11,137
Oct 2025024859.383.30$820
Sep 202517916862.743.08$11,747
Aug 20251063.933.01$64
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250860.553.23$26
Apr 2025024062.363.54$850
Mar 2025018467.704.27$785
Feb 202516522470.884.34$12,668
Jan 2025021674.324.28$924
Dec 2024024868.993.12$774
Nov 2024024069.052.20$528
Oct 202417224871.372.28$12,841
Sep 2024024069.612.36$567
Aug 2024024875.632.06$512
Jul 202417124879.932.15$14,200
Jun 2024024078.082.63$632
May 2024024078.812.20$528
Apr 2024024084.451.66$398
Mar 2024024880.301.55$383
Feb 202416723276.091.78$13,121
Jan 2024023273.023.30$765
Dec 2023024871.262.61$647
Nov 2023024077.892.81$674
Oct 202317224885.443.09$15,461
Sep 2023024089.042.74$656
Aug 2023024880.522.67$663
Jul 2023017874.852.64$470
Jun 202317710768.962.26$12,448
May 2023024870.622.23$552
Apr 2023023778.122.24$530
Mar 2023024872.852.39$594
Feb 202316722475.112.47$13,096
Jan 2023024376.533.39$823
Dec 2022020476.415.73$1,169
Nov 202217824085.005.65$16,485
Oct 2022024887.185.86$1,454
Sep 2022024084.888.16$1,959
Aug 2022024894.529.13$2,264
Jul 2022184248101.587.54$20,561
Jun 20220240115.097.98$1,915
May 20220248109.378.43$2,091
Apr 20220240104.226.84$1,641
Mar 2022180248108.885.08$20,857
Feb 2022022491.054.86$1,088
Jan 2022024881.844.54$1,125
Dec 202197071.323.90$6,918
Nov 2021169077.435.24$13,086
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 2021168066.024.22$11,091
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 2021142060.362.76$8,571
Mar 20210061.302.72$0
Feb 2021174057.805.55$10,057
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 2020146036.972.48$5,398
Sep 20200037.091.99$0
Aug 2020172039.982.39$6,877
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020173014.751.80$2,552
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 2020178057.252.09$10,191
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 2019189053.472.42$10,106
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 2019159056.272.46$8,947
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 2019341062.632.75$21,357
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 2018186061.443.40$11,428
Sep 20181059.543.11$60
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 2018159060.183.08$9,569
May 20180065.382.90$0
Apr 2018195063.842.90$12,449
Mar 20183061.222.79$184
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 2017178057.272.92$10,194
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 2017188047.523.09$8,934
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 2017187042.493.09$7,946
May 20170045.373.26$0
Apr 20171047.933.21$48
Mar 2017177046.772.98$8,278
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 2016173048.763.72$8,435
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 2016179041.553.10$7,437
Aug 20161041.442.92$41
Jul 20162041.622.92$83
Jun 2016179045.352.69$8,118
May 20164042.521.99$170
Apr 2016173036.561.99$6,325
Mar 20162033.011.79$66
Feb 20160026.472.06$0
Jan 2016184027.352.36$5,032
Dec 20151032.362.00$32
Nov 20150038.792.17$0
Oct 20153043.552.43$131
Sep 2015181042.992.76$7,781
Aug 20150040.162.87$0
Jul 2015181048.152.95$8,715
Jun 20150056.152.88$0
May 20151055.212.96$55
Apr 2015184049.822.71$9,167
Mar 20153042.892.93$129
Feb 20151044.662.98$45
Jan 2015180043.433.10$7,817
Dec 20140054.693.59$0
Nov 20141070.464.25$70
Oct 2014178078.303.90$13,937
Sep 20140086.164.05$0
Aug 2014183089.394.04$16,358
Jul 20142096.564.18$193
Jun 2014178098.164.74$17,472
May 20141094.734.73$95
Apr 20142095.944.81$192
Mar 2014177095.895.06$16,973
Feb 20140097.406.19$0
Jan 2014174090.404.86$15,730
Dec 20130091.824.35$0
Nov 20131088.853.74$89
Oct 2013177097.423.78$17,243
Sep 201300104.113.72$0
Aug 201310104.253.52$104
Jul 20131750102.523.72$17,941
Jun 20131094.403.93$94
May 2013179094.834.15$16,975
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 2013188091.233.42$17,151
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 2012116086.953.62$10,086
Oct 2012177089.383.40$15,820
Sep 20120094.672.92$0
Aug 2012183092.662.91$16,957
Jul 20120085.133.02$0
Jun 20121765679.822.52$14,189
May 201206291.612.49$154
Apr 2012058101.652.00$116
Mar 201216962105.052.22$17,891
Feb 201218158101.102.57$18,448
Jan 201206298.092.73$170
Dec 201106296.873.24$201
Nov 20111836095.723.31$17,715
Oct 201106284.983.65$226
Sep 20111776083.623.99$15,040
Aug 201106283.404.15$257
Jul 201106294.144.52$280
Jun 20111826092.904.64$17,186
May 20111866298.134.40$18,525
Apr 2011060105.964.33$260
Mar 20111895596.364.06$18,435
Feb 2011177685.644.18$15,183
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 2010193080.843.80$15,602
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 2010176072.554.74$12,769
Jun 20100070.364.91$0
May 2010179071.124.24$12,730
Apr 20100081.694.12$0
Mar 2010361078.394.39$28,299
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009180074.593.75$13,426
Oct 20090072.544.11$0
Sep 2009182065.543.06$11,928
Aug 20090067.423.22$0
Jul 2009178061.133.46$10,881
Jun 20090066.163.90$0
May 2009194054.743.93$10,620
Apr 20090046.773.59$0
Mar 2009179042.144.06$7,543
Feb 20090032.814.63$0
Jan 2009195035.865.37$6,993
Dec 2008197037.105.98$7,309
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 20081960101.767.88$19,945
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 20081560131.3313.03$20,487
May 20081930123.1711.57$23,772
Apr 200800110.3110.45$0
Mar 20081940101.909.66$19,769
Feb 2008197092.538.77$18,228
Jan 20080090.388.21$0
Dec 2007010088.337.30$730
Nov 200719560091.677.29$22,251
Oct 200719762082.856.92$20,613
Sep 2007060075.846.24$3,747
Aug 200719962069.066.39$17,703
Jul 2007262070.906.39$4,102
Jun 200719160062.007.55$16,371
May 200719762058.747.85$16,436
Apr 2007060059.617.81$4,683
Mar 200719562056.927.30$15,627
Feb 2007056055.108.22$4,601
Jan 200719862050.306.73$14,130
Dec 200619262056.656.92$15,166
Nov 2006060054.207.62$4,570
Oct 200617962054.906.01$13,556
Sep 2006060060.085.04$3,022
Aug 200618262068.717.34$17,056
Jul 200619158069.376.34$16,928
Jun 2006260066.286.38$3,963
May 200618362066.016.42$16,063
Apr 200618436164.397.36$14,505
Mar 2006189056.707.08$10,716
Feb 20060057.597.75$0
Jan 2006191060.598.93$11,573
Dec 2005190054.9413.42$10,439
Nov 2005183054.6910.59$10,008
Oct 2005183058.3413.80$10,676
Sep 20050061.4512.08$0
Aug 20051061.519.80$62
Jul 2005172055.697.84$9,579
Jun 2005183052.337.38$9,576
May 2005185045.226.65$8,366
Apr 2005182049.207.36$8,954
Mar 2005186050.377.15$9,369
Feb 20051045.226.31$45
Jan 2005175043.166.32$7,553
Dec 2004178039.866.75$7,095
Nov 2004187045.286.33$8,467
Oct 20045049.706.52$249
Sep 2004174043.245.28$7,524
Aug 2004185042.375.55$7,838
Jul 2004180038.286.08$6,890
Jun 2004184036.106.43$6,642
May 2004168037.486.49$6,297
Apr 2004175034.475.86$6,032
Mar 20044034.365.53$137
Feb 2004325032.455.51$10,546
Jan 20043032.036.30$96
Dec 2003180030.266.30$5,447
Nov 2003172028.804.60$4,954
Oct 2003179028.174.76$5,042
Sep 2003186026.314.75$4,894
Aug 2003370029.765.13$11,011
Jul 20032029.415.17$59
Jun 2003171028.565.98$4,884
May 2003172026.595.97$4,573
Apr 2003382026.675.41$10,188
Mar 20033031.146.10$93
Feb 2003350033.487.93$11,718
Jan 20033030.315.58$91
Dec 2002183026.914.85$4,925
Nov 2002178024.664.14$4,389
Oct 2002187026.464.23$4,948
Sep 2002352027.443.64$9,659
Aug 2002182025.963.16$4,725
Jul 2002166024.583.06$4,080
Jun 2002192023.733.34$4,556
May 2002339024.663.58$8,360
Apr 2002181023.653.51$4,281
Mar 2002180022.003.10$3,960
Feb 2002192018.222.38$3,498
Jan 2002325017.172.38$5,580
Dec 2001170016.932.36$2,878
Nov 2001179018.072.41$3,235
Oct 2001338019.782.53$6,686
Sep 2001175024.262.25$4,246
Aug 2001319024.873.05$7,934
Jul 2001164023.933.20$3,925
Jun 2001351024.563.82$8,621
May 2001171025.524.31$4,364
Apr 2001336024.685.34$8,292
Mar 2001339024.545.38$8,319
Feb 2001163027.755.77$4,523
Jan 2001350027.478.40$9,615
Dec 2000341026.889.12$9,166
Nov 2000182032.215.66$5,862
Oct 2000330031.235.15$10,306
Sep 2000327031.875.19$10,421
Aug 2000321129.644.54$9,519
Jul 2000515028.534.09$14,693
Jun 2000352029.304.40$10,314
May 2000348027.263.68$9,486
Apr 2000355024.513.12$8,701
Mar 2000537028.422.86$15,262
Feb 2000359027.622.73$9,916
Jan 2000883025.272.48$22,313
Dec 1999351024.282.42$8,522
Nov 1999535023.192.43$12,407
Oct 1999337020.982.80$7,070
Sep 1999364021.752.62$7,917
Aug 1999528019.262.88$10,169
Jul 199934613217.892.37$6,503
Jun 199971617415.942.36$11,824
May 199969019615.792.32$11,350
Apr 199936417915.102.21$5,892
Mar 199971614012.471.84$9,186
Feb 199971359.981.82$7,125
Jan 19997202310.381.90$7,517
Dec 199871629.201.77$6,591
Nov 19983431,04310.892.19$6,015
Oct 19988794,38312.421.97$19,548
Sep 19988924,51512.592.08$20,633
Aug 19981,0744,07911.301.91$19,916
Jul 19981,4092,69111.742.24$22,562
Jun 19981,2511,18211.242.24$16,706
May 19981,4412,05012.622.21$22,708
Apr 19982,1284,66813.042.51$39,444
Mar 19983,7964,44012.802.31$58,843
Feb 19983,34650913.952.30$47,847
Jan 19987071,62114.702.15$13,886
Dec 199733621316.322.41$5,997

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                    0 bbl  × $106.41 =         $0
Casinghead gas       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                     $755

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/23418 is the state's own key, not one this site invented.