JAX 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 23556District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$13.5 M
Dec 1997 – May 2026
Value, last 12 filed months
$260 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 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
OilDisposition275,381 bbl$12,782,068
Casinghead gasProduction152,796 Mcf$710,677
Total$13,492,745

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 2026350248106.413.05$37,999
Apr 202618024098.932.87$18,496
Mar 202635724889.753.15$32,822
Feb 202635022463.503.75$23,065
Jan 202617921159.138.00$12,272
Dec 202532924856.664.41$19,736
Nov 202535223758.593.93$21,554
Oct 202534422459.383.30$21,167
Sep 202517923762.743.08$11,960
Aug 202535624863.933.01$23,507
Jul 202535324766.743.32$24,378
Jun 202517923766.483.13$12,641
May 202540024260.553.23$25,002
Apr 202517524062.363.54$11,763
Mar 202536324867.704.27$25,634
Feb 202534821670.884.34$25,604
Jan 202517417574.324.28$13,680
Dec 202436124068.993.12$25,655
Nov 202434823269.052.20$24,539
Oct 2024114071.372.28$391
Sep 202435722369.612.36$25,378
Aug 2024024875.632.06$512
Jul 202435723279.932.15$29,033
Jun 202417924078.082.63$14,608
May 202435024878.812.20$28,129
Apr 202453424084.451.66$45,495
Mar 202435424880.301.55$28,809
Feb 202436723276.091.78$28,339
Jan 202436024873.023.30$27,105
Dec 202336324871.262.61$26,515
Nov 202335624077.892.81$28,403
Oct 202335823385.443.09$31,307
Sep 202336224089.042.74$32,889
Aug 202335924580.522.67$29,562
Jul 202354124874.852.64$41,149
Jun 202336122968.962.26$25,412
May 202353423870.622.23$38,241
Apr 202317821278.122.24$14,380
Mar 202333621972.852.39$25,002
Feb 202334121675.112.47$26,145
Jan 202317820876.533.39$14,327
Dec 202233720176.415.73$26,902
Nov 202217923685.005.65$16,548
Oct 202217824887.185.86$16,972
Sep 202235524084.888.16$32,092
Aug 202233524894.529.13$33,928
Jul 2022353248101.587.54$37,728
Jun 2022172240115.097.98$21,710
May 2022361207109.378.43$41,228
Apr 2022360240104.226.84$39,160
Mar 2022359248108.885.08$40,347
Feb 2022022491.054.86$1,088
Jan 202217924881.844.54$15,775
Dec 2021184071.323.90$13,123
Nov 2021367077.435.24$28,417
Oct 2021179079.795.71$14,282
Sep 2021350069.865.35$24,451
Aug 2021366066.024.22$24,163
Jul 2021188070.783.98$13,307
Jun 20210069.493.38$0
May 2021174063.483.02$11,046
Apr 2021178060.362.76$10,744
Mar 2021341061.302.72$20,903
Feb 2021167057.805.55$9,653
Jan 2021176050.412.81$8,872
Dec 2020182044.642.68$8,124
Nov 2020182038.772.71$7,056
Oct 2020358036.972.48$13,235
Sep 2020182037.091.99$6,750
Aug 2020177039.982.39$7,076
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020173014.751.80$2,552
Mar 20203671730.341.86$11,166
Feb 2020542149.881.98$27,037
Jan 20203731057.252.09$21,375
Dec 20190059.012.30$0
Nov 2019181055.302.75$10,009
Oct 2019549053.472.42$29,355
Sep 2019172055.052.66$9,469
Aug 2019344053.112.30$18,270
Jul 2019354056.272.46$19,920
Jun 20193524,99352.782.49$31,017
May 20195258658.482.74$30,938
Apr 20191062.632.75$63
Mar 2019359056.803.06$20,391
Feb 2019335050.852.79$17,035
Jan 20193461546.033.23$15,975
Dec 20183565246.594.19$16,804
Nov 20183742852.934.24$19,914
Oct 20184491461.443.40$27,634
Sep 20185454559.543.11$32,589
Aug 2018363659.403.07$21,581
Jul 2018366765.142.93$23,862
Jun 20183729660.183.08$22,682
May 201837417665.382.90$24,963
Apr 201838512063.842.90$24,927
Mar 201837011561.222.79$22,972
Feb 201836411661.782.77$22,809
Jan 20183588462.874.01$22,844
Dec 201736410757.272.92$21,159
Nov 20171908155.423.12$10,782
Oct 201736713849.292.98$18,501
Sep 20175656647.523.09$27,053
Aug 201737019045.373.00$17,358
Jul 201717922443.873.09$8,544
Jun 201755224142.493.09$24,199
May 201738011345.373.26$17,609
Apr 20173708447.933.21$18,004
Mar 201737211646.772.98$17,745
Feb 201718011250.452.95$9,412
Jan 201753714149.413.42$27,015
Dec 201618011648.763.72$9,209
Nov 201636220442.492.64$15,921
Oct 201636024546.193.09$17,386
Sep 201636318641.553.10$15,659
Aug 201654840641.442.92$23,896
Jul 201655332941.622.92$23,978
Jun 201635019545.352.69$16,396
May 201635826842.521.99$15,756
Apr 201635227236.561.99$13,411
Mar 201657227933.011.79$19,382
Feb 201638621226.472.06$10,655
Jan 201655029527.352.36$15,740
Dec 201537335832.362.00$12,787
Nov 201554031638.792.17$21,631
Oct 201537335543.552.43$17,106
Sep 201537937842.992.76$17,336
Aug 201557339740.162.87$24,152
Jul 201554638648.152.95$27,427
Jun 201536936156.152.88$21,760
May 201555038855.212.96$31,512
Apr 201555239749.822.71$28,575
Mar 201555144142.892.93$24,927
Feb 201556139444.662.98$26,227
Jan 201556042543.433.10$25,639
Dec 201453150554.693.59$30,854
Nov 201454646470.464.25$40,444
Oct 201473849478.303.90$59,712
Sep 201454747586.164.05$49,051
Aug 201492750489.394.04$84,898
Jul 201483557196.564.18$83,014
Jun 201493360098.164.74$94,425
May 201491664894.734.73$89,835
Apr 20141,12874995.944.81$111,822
Mar 201495766795.895.06$95,140
Feb 201493039797.406.19$93,040
Jan 201435018790.404.86$32,549
Dec 20131,25645191.824.35$117,290
Nov 201317923988.853.74$16,798
Oct 20131,07475197.423.78$107,467
Sep 20131,116559104.113.72$118,265
Aug 20131,465427104.253.52$154,230
Jul 2013731188102.523.72$75,641
Jun 201355322194.403.93$53,072
May 20131,46649694.834.15$141,079
Apr 201335829693.964.28$34,905
Mar 201356443893.623.91$54,516
Feb 201354738091.233.42$51,202
Jan 201336349491.603.42$34,940
Dec 201255645586.773.42$49,800
Nov 201236655986.953.62$33,850
Oct 201291881489.383.40$84,818
Sep 201289462994.672.92$86,471
Aug 2012022692.662.91$657
Jul 201272817585.133.02$62,503
Jun 201254249979.822.52$44,519
May 201293060191.612.49$86,693
Apr 20121,110584101.652.00$113,998
Mar 20121,122656105.052.22$119,324
Feb 2012572430101.102.57$58,934
Jan 201238349598.092.73$38,922
Dec 201137942796.873.24$38,097
Nov 201137243895.723.31$37,058
Oct 201138447684.983.65$34,369
Sep 201136650783.623.99$32,626
Aug 201137351583.404.15$33,245
Jul 201138051594.144.52$38,100
Jun 201137947392.904.64$37,404
May 201156040998.134.40$56,754
Apr 2011372464105.964.33$41,428
Mar 201138250196.364.06$38,842
Feb 201157336785.644.18$50,606
Jan 201175544186.504.59$67,331
Dec 201073844085.734.35$65,182
Nov 201073251280.843.80$61,118
Oct 201037537478.103.51$30,600
Sep 201076058572.633.98$57,527
Aug 201055357673.684.42$43,291
Jul 201091054572.554.74$68,602
Jun 201093068870.364.91$68,813
May 20101,28861671.124.24$94,211
Apr 20101,32163481.694.12$110,526
Mar 20101,11448178.394.39$89,437
Feb 20101,27046473.585.44$95,972
Jan 201074637474.365.96$57,703
Dec 200954335571.445.48$40,739
Nov 20091,09938874.593.75$83,430
Oct 200936260372.544.11$28,738
Sep 200972761565.543.06$49,532
Aug 200972656267.423.22$50,756
Jul 200973065261.133.46$46,884
Jun 200977954966.163.90$53,677
May 200959062454.743.93$34,746
Apr 200957758346.773.59$29,078
Mar 200978932642.144.06$34,572
Feb 200959040232.814.63$21,220
Jan 200978356335.865.37$31,102
Dec 200895272537.105.98$39,653
Nov 200858478455.496.86$37,785
Oct 200877782575.246.92$64,172
Sep 2008745847101.767.88$82,483
Aug 2008960940114.228.48$117,625
Jul 2008970995131.0811.39$138,480
Jun 20089551,090131.3313.03$139,626
May 20081,5541,496123.1711.57$208,721
Apr 20081,3711,022110.3110.45$161,920
Mar 2008201116101.909.66$21,603
Feb 200858637992.538.77$57,547
Jan 200839857590.388.21$40,690
Dec 200740134188.337.30$37,910
Nov 200739334191.677.29$38,513
Oct 200739336182.856.92$35,059
Sep 200736238375.846.24$29,846
Aug 200744640569.066.39$33,388
Jul 200739450470.906.39$31,154
Jun 200759138062.007.55$39,510
May 200738016358.747.85$23,600
Apr 200719923759.617.81$13,712
Mar 200758526456.927.30$35,226
Feb 200739423655.108.22$23,648
Jan 200740030650.306.73$22,178
Dec 200638224556.656.92$23,335
Nov 200639224654.207.62$23,120
Oct 200638227154.906.01$22,602
Sep 200638224060.085.04$24,159
Aug 200637425568.717.34$27,569
Jul 200655427869.376.34$40,194
Jun 200619223266.286.38$14,207
May 200637929766.016.42$26,926
Apr 200637628064.397.36$26,272
Mar 200636732456.707.08$23,104
Feb 200657028857.597.75$35,059
Jan 200637630560.598.93$25,507
Dec 200555834854.9413.42$35,325
Nov 200536722754.6910.59$22,475
Oct 200554830958.3413.80$36,233
Sep 200537625761.4512.08$26,210
Aug 200537533561.519.80$26,348
Jul 200536635155.697.84$23,136
Jun 200554937452.337.38$31,490
May 200555619845.226.65$26,459
Apr 200537218249.207.36$19,642
Mar 200555618350.377.15$29,315
Feb 20055507545.226.31$25,344
Jan 200572530043.166.32$33,188
Dec 200437828039.866.75$16,957
Nov 200454629945.286.33$26,616
Oct 200456528149.706.52$29,911
Sep 200454829343.245.28$25,244
Aug 200475334242.375.55$33,803
Jul 200456833838.286.08$23,799
Jun 200456826536.106.43$22,210
May 200472938037.486.49$29,791
Apr 200455441134.475.86$21,504
Mar 200474159134.365.53$28,729
Feb 200472629932.455.51$25,206
Jan 200453431632.036.30$19,095
Dec 200353030730.266.30$17,972
Nov 200356031228.804.60$17,562
Oct 200376634528.174.76$23,220
Sep 200375235026.314.75$21,447
Aug 200374236329.765.13$23,944
Jul 200356345929.415.17$18,931
Jun 200394346028.565.98$29,684
May 200375474126.595.97$24,475
Apr 200392068626.675.41$28,246
Mar 200391854731.146.10$31,921
Feb 200354162233.487.93$23,043
Jan 20031,04173330.315.58$35,644
Dec 200295194726.914.85$30,188
Nov 200274147724.664.14$20,246
Oct 200293486926.464.23$28,389
Sep 20021,07530627.443.64$30,610
Aug 20021,24667825.963.16$34,491
Jul 20021,24975524.583.06$33,012
Jun 20021,06478123.733.34$27,856
May 20021,58568324.663.58$41,534
Apr 20021,24255123.653.51$31,309
Mar 20021,7411,18622.003.10$41,982
Feb 20021,77288418.222.38$34,386
Jan 20021,4231,09017.172.38$27,022
Dec 20011,6021,22116.932.36$30,009
Nov 20011,4101,13918.072.41$28,219
Oct 20011,5981,23119.782.53$34,721
Sep 20011,6041,47924.262.25$42,243
Aug 20012,1002,03524.873.05$58,440
Jul 20012,3122,63123.933.20$63,738
Jun 20012,4852,71824.563.82$71,426
May 20012,8742,34925.524.31$83,462
Apr 20014,1072,45324.685.34$114,448
Mar 20013,0771,77924.545.38$85,074
Feb 20013,8872,83427.755.77$124,208
Jan 20015,1913,71527.478.40$173,798
Dec 20003,7872,32826.889.12$123,032
Nov 20007,2873,31532.215.66$253,471
Oct 200011,7572,98631.235.15$382,536
Sep 200012,5073,11831.875.19$414,770
Aug 200015,860029.644.54$470,090
Jul 20000028.534.09$0
Jun 20003492129.304.40$10,318
May 200003427.263.68$125
Apr 20001816924.513.12$4,651
Mar 2000357628.422.86$10,163
Feb 20001,79734727.622.73$50,579
Jan 20001,26623825.272.48$32,582
Dec 19999006724.282.42$22,014
Nov 19993597423.192.43$8,505
Oct 199935913420.982.80$7,908
Sep 19993606321.752.62$7,995
Aug 199905119.262.88$147
Jul 19993523617.892.37$6,383
Jun 199902415.942.36$57
May 19993527315.792.32$5,728
Apr 19991834215.102.21$2,856
Mar 19993714112.471.84$4,702
Feb 1999364409.981.82$3,705
Jan 19998956210.381.90$9,408
Dec 1998367309.201.77$3,430
Nov 19987202010.892.19$7,885
Oct 19987233712.421.97$9,053
Sep 1998537812.592.08$6,777
Aug 1998875511.301.91$9,897
Jul 19981,6175011.742.24$19,095
Jun 199855018311.242.24$6,591
May 19981,25520812.622.21$16,297
Apr 19984,63775213.042.51$62,350
Mar 19986,5691,97212.802.31$88,637
Feb 19988,3682,84213.952.30$123,268
Jan 19982,5141,41914.702.15$40,013
Dec 19971,7854,26516.322.41$39,415

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                  350 bbl  × $106.41 =    $37,244
Casinghead gas       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                  $37,999

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/23556 is the state's own key, not one this site invented.