BAIN 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 23449District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$7.7 M
Mar 1998 – May 2026
Value, last 12 filed months
$76 k
at the published price for each month
Months reported
339
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
OilDisposition117,066 bbl$4,821,810
Casinghead gasProduction736,645 Mcf$2,863,949
Total$7,685,759

Wells on this lease (1)

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 29.8693, -96.7883. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.86933, -96.78835 · 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 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
16,771 ft
1 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.
1100.0%

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

The one well that filed a depth was drilled to 16,771 ft.

Completions filed
Mar 1998
1 of 1 wells

1 well

42-14933059116,771 ftMar 1998

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 (339)

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

339 months

May 20261870106.413.05$19,899
Apr 2026042198.932.87$1,208
Mar 2026028589.753.15$898
Feb 20260063.503.75$0
Jan 202618925959.138.00$13,247
Dec 202518630456.664.41$11,880
Nov 20250058.593.93$0
Oct 2025026659.383.30$879
Sep 202519320262.743.08$12,730
Aug 2025014563.933.01$437
Jul 202519312566.743.32$13,295
Jun 2025040266.483.13$1,258
May 202518942760.553.23$12,824
Apr 202518948562.363.54$13,504
Mar 202501767.704.27$73
Feb 20251924370.884.34$13,796
Jan 20251862874.324.28$13,943
Dec 20241904868.993.12$13,258
Nov 202419410269.052.20$13,620
Oct 202403971.372.28$89
Sep 202419125769.612.36$13,903
Aug 202418818275.632.06$14,594
Jul 202419616679.932.15$16,023
Jun 2024017878.082.63$469
May 202418033278.812.20$14,916
Apr 202419022584.451.66$16,419
Mar 2024010380.301.55$159
Feb 202419127776.091.78$15,027
Jan 202419413473.023.30$14,608
Dec 2023029771.262.61$775
Nov 202318811277.892.81$14,958
Oct 2023025885.443.09$797
Sep 20231909589.042.74$17,177
Aug 202319223580.522.67$16,088
Jul 202319027274.852.64$14,940
Jun 202319114368.962.26$13,494
May 2023031870.622.23$708
Apr 2023012778.122.24$284
Mar 202357977072.852.39$44,023
Feb 2023018375.112.47$451
Jan 202319312476.533.39$15,190
Dec 2022196976.415.73$15,028
Nov 2022010385.005.65$582
Oct 2022192087.185.86$16,739
Sep 202204684.888.16$376
Aug 202219314394.529.13$19,548
Jul 2022193249101.587.54$21,483
Jun 2022585764115.097.98$73,422
May 2022193109.378.43$894
Apr 202200104.226.84$0
Mar 202250108.885.08$544
Feb 202213091.054.86$1,184
Jan 202210181.844.54$823
Dec 20212271.323.90$150
Nov 202119612877.435.24$15,847
Oct 202119321879.795.71$16,645
Sep 202138652269.865.35$29,759
Aug 2021089466.024.22$3,773
Jul 20210070.783.98$0
Jun 2021012669.493.38$426
May 202119035363.483.02$13,126
Apr 202118368860.362.76$12,944
Mar 2021070861.302.72$1,924
Feb 2021026557.805.55$1,470
Jan 202119262350.412.81$11,430
Dec 202017076644.642.68$9,638
Nov 2020055238.772.71$1,494
Oct 202018161636.972.48$8,218
Sep 202018368037.091.99$8,141
Aug 202019175239.982.39$9,430
Jul 2020078338.371.83$1,429
Jun 202019376434.901.69$8,027
May 202017856216.921.81$4,032
Apr 202018478314.751.80$4,127
Mar 202009030.341.86$167
Feb 202017162949.881.98$9,775
Jan 202017767557.252.09$11,547
Dec 201919350059.012.30$12,541
Nov 201918373755.302.75$12,147
Oct 2019056853.472.42$1,374
Sep 201916966355.052.66$11,065
Aug 201916377953.112.30$10,452
Jul 201917780156.272.46$11,930
Jun 2019070252.782.49$1,749
May 201917676558.482.74$12,389
Apr 201917379662.632.75$13,025
Mar 201917382856.803.06$12,362
Feb 201917582250.852.79$11,194
Jan 201917585846.033.23$10,825
Dec 201836990646.594.19$20,984
Nov 2018087252.934.24$3,695
Oct 201817983661.443.40$13,839
Sep 201818484459.543.11$13,579
Aug 2018090959.403.07$2,788
Jul 201835438465.142.93$24,185
Jun 20183281,25460.183.08$23,598
May 201869967965.382.90$47,670
Apr 2018025363.842.90$734
Mar 201819054061.222.79$13,137
Feb 2018065061.782.77$1,798
Jan 201818072062.874.01$14,203
Dec 201719777357.272.92$13,541
Nov 2017073255.423.12$2,283
Oct 201719180149.292.98$11,804
Sep 201719182947.523.09$11,636
Aug 2017079745.373.00$2,395
Jul 201718885243.873.09$10,878
Jun 201718784542.493.09$10,554
May 201719489845.373.26$11,732
Apr 201710889647.933.21$8,054
Mar 201719289546.772.98$11,650
Feb 2017083350.452.95$2,460
Jan 201719599149.413.42$13,023
Dec 20161951,02648.763.72$13,328
Nov 20161831,08342.492.64$10,640
Oct 20161881,12246.193.09$12,151
Sep 20161761,01641.553.10$10,463
Aug 20161931,02941.442.92$11,007
Jul 20161881,06641.622.92$10,942
Jun 20161881,18845.352.69$11,717
May 201619488042.521.99$10,001
Apr 201618066036.561.99$7,895
Mar 2016084233.011.79$1,511
Feb 201618183426.472.06$6,512
Jan 201619579927.352.36$7,222
Dec 201519290932.362.00$8,032
Nov 2015089038.792.17$1,929
Oct 201518493043.552.43$10,270
Sep 201519393142.992.76$10,865
Aug 20151891,33940.162.87$11,437
Jul 201519093748.152.95$11,908
Jun 2015084656.152.88$2,439
May 20153821,14655.212.96$24,477
Apr 2015097349.822.71$2,633
Mar 201519465042.892.93$10,228
Feb 201517961744.662.98$9,830
Jan 201519392843.433.10$11,259
Dec 20141941,06354.693.59$14,427
Nov 201418989670.464.25$17,127
Oct 20141901,07678.303.90$19,074
Sep 20141941,11786.164.05$21,234
Aug 20141821,19289.394.04$21,079
Jul 20141911,19096.564.18$23,417
Jun 20141931,10498.164.74$24,174
May 20141931,26194.734.73$24,243
Apr 20141951,23495.944.81$24,643
Mar 20141861,05795.895.06$23,181
Feb 20141901,05897.406.19$25,057
Jan 20141911,32790.404.86$23,717
Dec 20131911,29691.824.35$23,181
Nov 20131881,21288.853.74$21,235
Oct 20131811,40997.423.78$22,958
Sep 20131931,351104.113.72$25,116
Aug 20133731,476104.253.52$44,085
Jul 20131921,664102.523.72$25,870
Jun 20135771,64894.403.93$60,951
May 201319369494.834.15$21,182
Apr 201304093.964.28$171
Mar 2013073293.623.91$2,864
Feb 20133871,42091.233.42$40,162
Jan 20131941,64191.603.42$23,382
Dec 20123871,80586.773.42$39,753
Nov 20123822,10986.953.62$40,860
Oct 20123701,27489.383.40$37,402
Sep 2012034294.672.92$998
Aug 20123801,75192.662.91$40,303
Jul 20123671,83285.133.02$36,777
Jun 20123791,96079.822.52$35,189
May 20123852,11391.612.49$40,528
Apr 20123882,159101.652.00$43,751
Mar 20123852,080105.052.22$45,066
Feb 20125602,221101.102.57$62,325
Jan 20125743,02598.092.73$64,574
Dec 20117713,37296.873.24$85,611
Nov 20115813,38295.723.31$66,812
Oct 20119742,24484.983.65$90,958
Sep 2011049783.623.99$1,981
Aug 20110083.404.15$0
Jul 201108694.144.52$388
Jun 20111921,37792.904.64$24,226
May 20111821,42898.134.40$24,150
Apr 20111931,425105.964.33$26,625
Mar 20113841,45996.364.06$42,922
Feb 20111951,42185.644.18$22,640
Jan 20111951,55786.504.59$24,012
Dec 20103911,80085.734.35$41,346
Nov 20105832,83880.843.80$57,901
Oct 20103881,25878.103.51$34,717
Sep 2010033372.633.98$1,325
Aug 20101921,84973.684.42$22,318
Jul 20101922,06872.554.74$23,725
Jun 20101921,99570.364.91$23,305
May 20103862,38771.124.24$37,562
Apr 20101963,18481.694.12$29,138
Mar 20105874,58078.394.39$66,115
Feb 20103823,50273.585.44$47,167
Jan 201006274.365.96$370
Dec 200919290871.445.48$18,696
Nov 2009094974.593.75$3,560
Oct 2009086372.544.11$3,547
Sep 200919288865.543.06$15,305
Aug 200919286767.423.22$15,735
Jul 200919266661.133.46$14,044
Jun 2009044966.163.90$1,749
May 200919695554.743.93$14,478
Apr 200919786046.773.59$12,299
Mar 20091941,02742.144.06$12,344
Feb 2009037032.814.63$1,714
Jan 200919089635.865.37$11,626
Dec 2008067337.105.98$4,023
Nov 200829666955.496.86$21,015
Oct 20081891,36275.246.92$23,648
Sep 20081901,192101.767.88$28,724
Aug 200811,235114.228.48$10,591
Jul 20083701,293131.0811.39$63,226
Jun 200811,274131.3313.03$16,735
May 20081971,428123.1711.57$40,793
Apr 20083711,417110.3110.45$55,740
Mar 20081811,286101.909.66$30,872
Feb 20081791,42992.538.77$29,096
Jan 20081961,65490.388.21$31,287
Dec 20071891,47788.337.30$27,479
Nov 20071891,38091.677.29$27,388
Oct 20071861,53482.856.92$26,028
Sep 20071851,45575.846.24$23,116
Aug 20071811,53569.066.39$22,305
Jul 20071811,52970.906.39$22,600
Jun 20071901,46062.007.55$22,801
May 20071891,44558.747.85$22,440
Apr 20071811,53459.617.81$22,763
Mar 20071931,66456.927.30$23,136
Feb 20071781,49655.108.22$22,099
Jan 20071851,72450.306.73$20,903
Dec 20063821,76956.656.92$33,879
Nov 20061841,76954.207.62$23,448
Oct 20061921,86254.906.01$21,739
Sep 20063681,74260.085.04$30,884
Aug 20061781,79768.717.34$25,420
Jul 20061751,77869.376.34$23,417
Jun 20063731,95266.286.38$37,184
May 20061881,92866.016.42$24,797
Apr 20063601,90864.397.36$37,224
Mar 20061672,00456.707.08$23,663
Feb 20061931,61257.597.75$23,610
Jan 20061891,89460.598.93$28,371
Dec 20053731,80454.9413.42$44,694
Nov 20051861,72754.6910.59$28,459
Oct 20053581,93058.3413.80$47,512
Sep 20051801,51061.4512.08$29,300
Aug 20051771,67461.519.80$27,287
Jul 20051791,83555.697.84$24,362
Jun 20053632,02152.337.38$33,913
May 20051882,64345.226.65$26,080
Apr 20053772,23449.207.36$34,992
Mar 20051772,38350.377.15$25,966
Feb 20053592,41945.226.31$31,503
Jan 20051832,54443.166.32$23,982
Dec 20043722,73739.866.75$33,306
Nov 20043612,58345.286.33$32,698
Oct 20041992,64149.706.52$27,097
Sep 20043542,49043.245.28$28,464
Aug 20043692,51742.375.55$29,606
Jul 20043682,57638.286.08$29,760
Jun 20041802,58036.106.43$23,095
May 20043882,71137.486.49$32,149
Apr 20041902,39434.475.86$20,574
Mar 20043822,90634.365.53$29,196
Feb 20043772,51032.455.51$26,063
Jan 20041902,80232.036.30$23,737
Dec 20033713,00430.266.30$30,157
Nov 20033782,96228.804.60$24,497
Oct 20033713,32028.174.76$26,253
Sep 20033652,79426.314.75$22,873
Aug 20033623,27229.765.13$27,558
Jul 20033743,02429.415.17$26,636
Jun 20033642,94328.565.98$28,004
May 20033713,01026.595.97$27,843
Apr 20033703,07226.675.41$26,479
Mar 20033603,30031.146.10$31,327
Feb 20033792,95933.487.93$36,142
Jan 20033693,53530.315.58$30,917
Dec 20025633,50126.914.85$32,143
Nov 20023763,51324.664.14$23,805
Oct 20023733,70726.464.23$25,547
Sep 20023573,58227.443.64$22,817
Aug 20023733,59625.963.16$21,061
Jul 20025593,62124.583.06$24,827
Jun 20023623,52123.733.34$20,344
May 20023693,84924.663.58$22,894
Apr 20025453,70623.653.51$25,906
Mar 20023673,76322.003.10$19,750
Feb 20023793,41618.222.38$15,021
Jan 20025424,06017.172.38$18,951
Dec 20015434,17516.932.36$19,064
Nov 20015414,03518.072.41$19,482
Oct 20015454,11919.782.53$21,197
Sep 20017344,16624.262.25$27,186
Aug 20013584,41624.873.05$22,386
Jul 20015454,24723.933.20$26,620
Jun 20017294,56624.563.82$35,365
May 20015693,44225.524.31$29,347
Apr 20015473,75124.685.34$33,513
Mar 20017233,73524.545.38$37,823
Feb 20015173,92127.755.77$36,959
Jan 20017384,61827.478.40$59,058
Dec 20007384,40126.889.12$59,986
Nov 20005774,81132.215.66$45,806
Oct 20007325,54731.235.15$51,402
Sep 20007315,51631.875.19$51,906
Aug 20008075,80229.644.54$50,265
Jul 20007405,98528.534.09$45,589
Jun 20007435,91229.304.40$47,766
May 20008985,96827.263.68$46,440
Apr 20007326,24024.513.12$37,385
Mar 20009416,58428.422.86$45,572
Feb 20001,0836,33127.622.73$47,174
Jan 20009156,92225.272.48$40,292
Dec 19991,1297,07624.282.42$44,562
Nov 19991,0756,95823.192.43$41,865
Oct 19991,0127,39120.982.80$41,954
Sep 19998597,18221.752.62$37,492
Aug 19991,0618,39719.262.88$44,581
Jul 19991,2018,23117.892.37$41,013
Jun 19999176,71815.942.36$30,486
May 19991,2997,66815.792.32$38,309
Apr 19991,0957,90015.102.21$33,978
Mar 19991,6008,58412.471.84$35,732
Feb 19991,2498,3789.981.82$27,694
Jan 19991,8459,52010.381.90$37,239
Dec 19981,5059,7319.201.77$31,102
Nov 19982,07311,19810.892.19$47,051
Oct 19981,8596,39512.421.97$35,682
Sep 19981,80511,25112.592.08$46,157
Aug 19982,20310,27511.301.91$44,492
Jul 19982,39115,00011.742.24$61,629
Jun 19982,74118,26511.242.24$71,673
May 19983,32122,61512.622.21$91,807
Apr 19985,11038,62013.042.51$163,390
Mar 19981,66010,66812.802.31$45,885

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                  187 bbl  × $106.41 =    $19,899
Casinghead gas         0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                  $19,899

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/23449 is the state's own key, not one this site invented.