WAPITI 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 23464District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$12.5 M
Feb 1998 – May 2026
Value, last 12 filed months
$189 k
at the published price for each month
Months reported
340
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
OilDisposition428,627 bbl$11,815,025
Casinghead gasProduction205,907 Mcf$730,575
Total$12,545,601

Every month this lease reported (340)

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

340 months

May 2026179210106.413.05$19,687
Apr 20260098.932.87$0
Mar 202618513089.753.15$17,013
Feb 20261775363.503.75$11,438
Jan 202618120059.138.00$12,302
Dec 202517324856.664.41$10,897
Nov 202534824058.593.93$21,332
Oct 202518224859.383.30$11,627
Sep 20251647562.743.08$10,520
Aug 202535824563.933.01$23,626
Jul 202536924866.743.32$25,449
Jun 202536424066.483.13$24,950
May 20251787260.553.23$11,011
Apr 20251768162.363.54$11,262
Mar 202518818767.704.27$13,526
Feb 202517118970.884.34$12,941
Jan 202518010474.324.28$13,823
Dec 202409768.993.12$303
Nov 202417924069.052.20$12,888
Oct 202436224871.372.28$26,402
Sep 202417724069.612.36$12,888
Aug 202436124875.632.06$27,814
Jul 202416718079.932.15$13,735
Jun 202417917278.082.63$14,429
May 2024024078.812.20$528
Apr 202417820884.451.66$15,377
Mar 202418924880.301.55$15,560
Feb 202419322976.091.78$15,094
Jan 2024024873.023.30$818
Dec 202319124871.262.61$14,258
Nov 202336024077.892.81$28,714
Oct 202318024885.443.09$16,145
Sep 2023012489.042.74$339
Aug 202335721280.522.67$29,312
Jul 202317724874.852.64$13,904
Jun 202318324068.962.26$13,162
May 202317824870.622.23$13,123
Apr 202317424078.122.24$14,130
Mar 202318324872.852.39$13,925
Feb 202318022475.112.47$14,072
Jan 202318524876.533.39$14,998
Dec 2022020476.415.73$1,169
Nov 202218124085.005.65$16,740
Oct 202218824887.185.86$17,844
Sep 2022024084.888.16$1,959
Aug 202235424894.529.13$35,724
Jul 2022177248101.587.54$19,850
Jun 2022182240115.097.98$22,861
May 2022178248109.378.43$21,559
Apr 2022173240104.226.84$19,671
Mar 2022184248108.885.08$21,293
Feb 202216322491.054.86$15,930
Jan 2022024881.844.54$1,125
Dec 2021429071.323.90$30,596
Nov 20210077.435.24$0
Oct 2021182079.795.71$14,522
Sep 20210069.865.35$0
Aug 2021178066.024.22$11,752
Jul 20210070.783.98$0
Jun 2021171069.493.38$11,883
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 2021179061.302.72$10,973
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 2020350044.642.68$15,624
Nov 20200038.772.71$0
Oct 2020179036.972.48$6,618
Sep 20200037.091.99$0
Aug 2020182039.982.39$7,276
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020180014.751.80$2,655
Mar 2020180030.341.86$5,461
Feb 2020180449.881.98$8,986
Jan 2020184657.252.09$10,547
Dec 20190059.012.30$0
Nov 20191891955.302.75$10,504
Oct 201903653.472.42$87
Sep 20191891755.052.66$10,450
Aug 20190153.112.30$2
Jul 20191638156.272.46$9,371
Jun 2019171452.782.49$9,035
May 20191736858.482.74$10,303
Apr 201916310862.632.75$10,506
Mar 201920622356.803.06$12,384
Feb 201935439950.852.79$19,115
Jan 201935451046.033.23$17,941
Dec 201856361146.594.19$28,787
Nov 201836850552.934.24$21,618
Oct 201848845561.443.40$31,529
Sep 20187242159.543.11$43,172
Aug 201818625759.403.07$11,837
Jul 20183364565.142.93$22,019
Jun 2018362160.183.08$21,788
May 20183691165.382.90$24,157
Apr 2018394063.842.90$25,153
Mar 2018584061.222.79$35,752
Feb 201839329361.782.77$25,090
Jan 201838730162.874.01$25,538
Dec 201756071757.272.92$34,166
Nov 201775577355.423.12$44,253
Oct 201756261849.292.98$29,545
Sep 201737135047.523.09$18,710
Aug 201719021845.373.00$9,275
Jul 201738135143.873.09$17,798
Jun 201757589742.493.09$27,201
May 201757071845.373.26$28,204
Apr 201754027747.933.21$26,772
Mar 201755934846.772.98$27,183
Feb 20175035050.452.95$25,524
Jan 20174998749.413.42$24,953
Dec 20161641548.763.72$8,052
Nov 2016162642.492.64$6,899
Oct 201602446.193.09$74
Sep 2016010141.553.10$313
Aug 201619941.442.92$331
Jul 20161789941.622.92$7,698
Jun 201617913645.352.69$8,483
May 201617613142.521.99$7,744
Apr 2016014736.561.99$293
Mar 201618117933.011.79$6,296
Feb 201619217326.472.06$5,439
Jan 2016019027.352.36$449
Dec 201519519532.362.00$6,700
Nov 201517921038.792.17$7,399
Oct 201518625043.552.43$8,707
Sep 2015021942.992.76$604
Aug 201518724340.162.87$8,208
Jul 201537826648.152.95$18,984
Jun 2015028556.152.88$822
May 201518523955.212.96$10,920
Apr 201519829849.822.71$10,671
Mar 201520140342.892.93$9,804
Feb 201519637144.662.98$9,858
Jan 201519450143.433.10$9,979
Dec 201456552054.693.59$32,767
Nov 2014960070.464.25$3,185
Oct 201457831678.303.90$46,490
Sep 201436359586.164.05$33,683
Aug 201435588089.394.04$35,284
Jul 201447579996.564.18$49,206
Jun 201437963898.164.74$40,225
May 201419016494.734.73$18,774
Apr 201420011595.944.81$19,741
Mar 201419526795.895.06$20,049
Feb 201438029397.406.19$38,826
Jan 201438932390.404.86$36,736
Dec 201319720791.824.35$18,990
Nov 201317819288.853.74$16,533
Oct 201318723297.423.78$19,094
Sep 2013375275104.113.72$40,064
Aug 2013189291104.253.52$20,728
Jul 2013371463102.523.72$39,756
Jun 201338124494.403.93$36,926
May 201318724094.834.15$18,729
Apr 201318426093.964.28$18,402
Mar 201373936693.623.91$70,617
Feb 2013415291.233.42$885
Jan 2013211291.603.42$566
Dec 201218611486.773.42$16,529
Nov 2012011886.953.62$428
Oct 2012011689.383.40$394
Sep 201218710694.672.92$18,013
Aug 201237422892.662.91$35,318
Jul 2012018885.133.02$568
Jun 2012111879.822.52$377
May 2012011291.612.49$279
Apr 20120109101.652.00$218
Mar 20120111105.052.22$247
Feb 20120104101.102.57$267
Jan 2012011198.092.73$303
Dec 2011010196.873.24$327
Nov 20111689695.723.31$16,399
Oct 201109984.983.65$361
Sep 201109683.623.99$383
Aug 201116710683.404.15$14,368
Jul 201117911194.144.52$17,352
Jun 2011111092.904.64$603
May 201119211298.134.40$19,334
Apr 2011191112105.964.33$20,724
Mar 201116713996.364.06$16,656
Feb 201136015385.644.18$31,470
Jan 201118011186.504.59$16,079
Dec 2010013685.734.35$591
Nov 201018611480.843.80$15,469
Oct 2010015878.103.51$554
Sep 201018815172.633.98$14,255
Aug 2010013273.684.42$583
Jul 2010011772.554.74$554
Jun 201018912670.364.91$13,917
May 2010013171.124.24$555
Apr 201038416481.694.12$32,045
Mar 201037015778.394.39$29,693
Feb 201019017273.585.44$14,916
Jan 201055517674.365.96$42,319
Dec 200918215671.445.48$13,858
Nov 200918212574.593.75$14,044
Oct 200938314872.544.11$28,391
Sep 200936915265.543.06$24,650
Aug 200956216767.423.22$38,428
Jul 200936013861.133.46$22,485
Jun 200937711666.163.90$25,394
May 200919512654.743.93$11,169
Apr 200957619646.773.59$27,643
Mar 200956232542.144.06$25,002
Feb 200956116532.814.63$19,171
Jan 200959125635.865.37$22,568
Dec 200898925537.105.98$38,216
Nov 200857725655.496.86$33,774
Oct 200857630175.246.92$45,422
Sep 2008969209101.767.88$100,252
Aug 2008953279114.228.48$111,218
Jul 20081,184235131.0811.39$157,875
Jun 2008587172131.3313.03$79,332
May 2008599147123.1711.57$75,480
Apr 2008397112110.3110.45$44,964
Mar 2008571243101.909.66$60,533
Feb 200860642992.538.77$59,836
Jan 200899364690.388.21$95,048
Dec 200779866488.337.30$75,336
Nov 200776661291.677.29$74,682
Oct 20071,15566982.856.92$100,323
Sep 200776773775.846.24$62,771
Aug 200798674069.066.39$72,820
Jul 200778754270.906.39$59,261
Jun 200779552162.007.55$53,223
May 200780651958.747.85$51,417
Apr 200799162359.617.81$63,936
Mar 200793977456.927.30$59,100
Feb 200776752555.108.22$46,575
Jan 200779222550.306.73$41,351
Dec 200679151756.656.92$48,387
Nov 200695050854.207.62$55,360
Oct 200676859454.906.01$45,735
Sep 200675843560.085.04$47,732
Aug 200674248668.717.34$54,550
Jul 200674751169.376.34$55,061
Jun 200694245566.286.38$65,340
May 200674360766.016.42$52,945
Apr 200656538064.397.36$39,177
Mar 200693630656.707.08$55,239
Feb 20067312357.597.75$42,277
Jan 20069343660.598.93$56,913
Dec 20056805654.9413.42$38,110
Nov 20057478254.6910.59$41,722
Oct 20051,11217558.3413.80$67,288
Sep 200537132861.4512.08$26,760
Aug 200575153461.519.80$51,426
Jul 200571374055.697.84$45,511
Jun 200574465852.337.38$43,790
May 200574520645.226.65$35,059
Apr 200592138349.207.36$48,132
Mar 200593153450.377.15$50,715
Feb 200570737045.226.31$34,306
Jan 200591224943.166.32$40,936
Dec 200493022439.866.75$38,582
Nov 200475823145.286.33$35,785
Oct 200493731649.706.52$48,628
Sep 200475827243.245.28$34,213
Aug 200475926442.375.55$33,624
Jul 200493829138.286.08$37,677
Jun 200493019236.106.43$34,808
May 200475623637.486.49$29,868
Apr 200456821734.475.86$20,850
Mar 200474725434.365.53$27,072
Feb 200456128832.455.51$19,791
Jan 200474527532.036.30$25,595
Dec 200376830030.266.30$25,130
Nov 200375031328.804.60$23,038
Oct 200355738428.174.76$17,518
Sep 200392444826.314.75$26,438
Aug 200375543629.765.13$24,705
Jul 200393028529.415.17$28,825
Jun 200394039128.565.98$29,186
May 200374539526.595.97$22,169
Apr 20031,12441826.675.41$32,237
Mar 20032,02593231.146.10$68,740
Feb 20031,09269933.487.93$42,100
Jan 20031,47974130.315.58$48,965
Dec 20021,24695326.914.85$38,155
Nov 20021,86265924.664.14$48,643
Oct 20021,42183326.464.23$41,123
Sep 20021,57570827.443.64$45,792
Aug 20021,64257725.963.16$44,452
Jul 20021,98348124.583.06$50,215
Jun 20021,44033323.733.34$35,283
May 200288417724.663.58$22,434
Apr 20021932823.653.51$4,663
Mar 20021,43424922.003.10$32,321
Feb 20021,45810118.222.38$26,805
Jan 20021,40750617.172.38$25,360
Dec 20018931,01416.932.36$17,516
Nov 20011,60978318.072.41$30,958
Oct 20011,9641,18919.782.53$41,855
Sep 20011,9341,33124.262.25$49,915
Aug 20011,9471,23324.873.05$52,186
Jul 20012,3221,48723.933.20$60,320
Jun 20011,7761,21324.563.82$48,257
May 20012,1211,42125.524.31$60,249
Apr 20012,1591,60524.685.34$61,847
Mar 20012,6311,60624.545.38$73,199
Feb 20012,2161,21727.755.77$68,513
Jan 20012,8011,58927.478.40$90,289
Dec 20003,3131,51026.889.12$102,828
Nov 20003,0391,47132.215.66$106,209
Oct 20003,2211,54031.235.15$108,516
Sep 20003,5131,13731.875.19$117,856
Aug 20004,8391,39829.644.54$149,776
Jul 20003,16884828.534.09$93,851
Jun 20003,3711,56029.304.40$105,630
May 20004,0731,64327.263.68$117,076
Apr 20003,7961,81924.513.12$98,708
Mar 20005,2321,31128.422.86$152,443
Feb 20005,4741,91827.622.73$156,421
Jan 20005,50086625.272.48$141,133
Dec 1999715124.282.42$17,363
Nov 19991,2371,07623.192.43$31,305
Oct 19993,7433,73920.982.80$89,011
Sep 19994,8642,77421.752.62$113,057
Aug 19995,5303,44019.262.88$116,400
Jul 19995,3463,46317.892.37$103,855
Jun 19996,0612,75015.942.36$103,108
May 19994,6363,41715.792.32$81,133
Apr 19997,1044,26415.102.21$116,686
Mar 19997,7483,70112.471.84$103,421
Feb 19997,0243,4639.981.82$76,395
Jan 19998,8413,66310.381.90$98,729
Dec 19988,9894,1199.201.77$90,003
Nov 199810,1774,50510.892.19$120,674
Oct 199811,0504,43812.421.97$145,980
Sep 199812,0465,31312.592.08$162,724
Aug 199813,9846,20711.301.91$169,858
Jul 199813,7903,98211.742.24$170,803
Jun 199817,5697,74711.242.24$214,808
May 199819,5937,60812.622.21$264,049
Apr 199820,1576,52013.042.51$279,182
Mar 199825,8847,18012.802.31$347,897
Feb 199818,1555,41213.952.30$265,705

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                  179 bbl  × $106.41 =    $19,047
Casinghead gas       210 Mcf  × $  3.05 =       $640

────────────────────────────────────────────────────
Month total                                  $19,687

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/23464 is the state's own key, not one this site invented.