BUNDICK-WELLS 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 23633District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$6.3 M
May 1998 – May 2026
Value, last 12 filed months
$64
at the published price for each month
Months reported
337
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
OilDisposition164,616 bbl$5,721,950
Casinghead gasProduction144,493 Mcf$575,556
Total$6,297,506

Every month this lease reported (337)

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

337 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20251063.933.01$64
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 2024160068.993.12$11,038
Nov 20242069.052.20$138
Oct 20241071.372.28$71
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20241079.932.15$80
Jun 20240078.082.63$0
May 2024024078.812.20$528
Apr 2024124084.451.66$483
Mar 2024024880.301.55$383
Feb 20240076.091.78$0
Jan 2024024873.023.30$818
Dec 202319524871.262.61$14,543
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 2023022580.522.67$601
Jul 202317524874.852.64$13,754
Jun 2023024068.962.26$542
May 202317424870.622.23$12,840
Apr 2023021578.122.24$481
Mar 202318024872.852.39$13,707
Feb 202317621775.112.47$13,754
Jan 2023024876.533.39$840
Dec 202217122376.415.73$14,344
Nov 202217723585.005.65$16,372
Oct 202217924887.185.86$17,059
Sep 202201284.888.16$98
Aug 202217715294.529.13$18,117
Jul 20220248101.587.54$1,870
Jun 2022186240115.097.98$23,321
May 2022177246109.378.43$21,433
Apr 2022175240104.226.84$19,880
Mar 2022185248108.885.08$21,402
Feb 202218522491.054.86$17,933
Jan 202217824881.844.54$15,693
Dec 2021357071.323.90$25,461
Nov 2021173077.435.24$13,395
Oct 2021188079.795.71$15,001
Sep 2021330069.865.35$23,054
Aug 2021356066.024.22$23,503
Jul 2021350070.783.98$24,773
Jun 2021356069.493.38$24,738
May 2021355063.483.02$22,535
Apr 2021366060.362.76$22,092
Mar 2021709061.302.72$43,462
Feb 2021164057.805.55$9,479
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 2020528530.341.86$16,029
Feb 2020354049.881.98$17,658
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 201935218353.472.42$19,264
Sep 201936752755.052.66$21,604
Aug 201988239353.112.30$47,749
Jul 201952729256.272.46$30,373
Jun 20195163352.782.49$27,317
May 20191058.482.74$58
Apr 20190962.632.75$25
Mar 201917010056.803.06$9,962
Feb 201917326350.852.79$9,531
Jan 20191597746.033.23$7,567
Dec 20183645046.594.19$17,168
Nov 20183604952.934.24$19,262
Oct 20181333661.443.40$8,294
Sep 20181594859.543.11$9,616
Aug 201819229159.403.07$12,297
Jul 201815538065.142.93$11,211
Jun 201818914360.183.08$11,814
May 20181902065.382.90$12,480
Apr 201808163.842.90$235
Mar 20181833461.222.79$11,298
Feb 201817220461.782.77$11,190
Jan 201817432562.874.01$12,242
Dec 2017028057.272.92$818
Nov 201719134655.423.12$11,664
Oct 201718338549.292.98$10,169
Sep 201719314247.523.09$9,610
Aug 201718310745.373.00$8,624
Jul 201719232843.873.09$9,436
Jun 201718935742.493.09$9,133
May 201718537245.373.26$9,607
Apr 201717936847.933.21$9,761
Mar 201718418246.772.98$9,149
Feb 201718829150.452.95$10,344
Jan 20171844149.413.42$9,232
Dec 201617813948.763.72$9,197
Nov 201617933642.492.64$8,494
Oct 201617836246.193.09$9,340
Sep 201635435541.553.10$15,809
Aug 201617933741.442.92$8,403
Jul 201618536941.622.92$8,779
Jun 201652635945.352.69$24,818
May 2016238142.521.99$844
Apr 2016236536.561.99$800
Mar 201619031833.011.79$6,842
Feb 201655133526.472.06$15,276
Jan 2016236227.352.36$911
Dec 201518237532.362.00$6,640
Nov 201518336638.792.17$7,892
Oct 201518539943.552.43$9,025
Sep 201518441842.992.76$9,063
Aug 201518138740.162.87$8,381
Jul 201518844548.152.95$10,363
Jun 201517843056.152.88$11,234
May 201518131355.212.96$10,918
Apr 201518341349.822.71$10,235
Mar 201536938142.892.93$16,945
Feb 201518236144.662.98$9,203
Jan 201517939443.433.10$8,996
Dec 201418042254.693.59$11,360
Nov 201436142970.464.25$27,260
Oct 201418147378.303.90$16,017
Sep 201418147986.164.05$17,533
Aug 201436931589.394.04$34,256
Jul 20141794796.564.18$17,481
Jun 201417948298.164.74$19,854
May 2014128694.734.73$1,447
Apr 201435845495.944.81$36,530
Mar 201419249695.895.06$20,919
Feb 201418742897.406.19$20,864
Jan 201435646590.404.86$34,443
Dec 201318041291.824.35$18,322
Nov 201335945988.853.74$33,613
Oct 201318150297.423.78$19,530
Sep 2013181441104.113.72$20,483
Aug 2013186523104.253.52$21,233
Jul 2013356530102.523.72$38,468
Jun 201318252394.403.93$19,238
May 201336552894.834.15$36,804
Apr 201317827593.964.28$17,903
Mar 201336039193.623.91$35,233
Feb 201317715491.233.42$16,674
Jan 201318050591.603.42$18,215
Dec 201218746786.773.42$17,823
Nov 201235952486.953.62$33,115
Oct 201218050889.383.40$17,815
Sep 201236336694.672.92$35,433
Aug 201217953292.662.91$18,133
Jul 201236738485.133.02$32,403
Jun 201218754979.822.52$16,309
May 201217653491.612.49$17,452
Apr 2012362529101.652.00$37,854
Mar 2012189531105.052.22$21,034
Feb 2012196397101.102.57$20,836
Jan 201237644998.092.73$38,109
Dec 201118856696.873.24$20,045
Nov 201135856595.723.31$36,139
Oct 201118252184.983.65$17,367
Sep 201136242283.623.99$31,952
Aug 201118150583.404.15$17,191
Jul 201136445394.144.52$36,313
Jun 201117955192.904.64$19,186
May 201118460698.134.40$20,725
Apr 2011358141105.964.33$38,545
Mar 201119055796.364.06$20,568
Feb 201136022985.644.18$31,788
Jan 201118143786.504.59$17,662
Dec 201018048085.734.35$17,518
Nov 201018234580.843.80$16,022
Oct 201036644578.103.51$30,146
Sep 201018041972.633.98$14,741
Aug 201017948573.684.42$15,332
Jul 201036254372.554.74$28,835
Jun 201018150870.364.91$15,230
May 201036148371.124.24$27,720
Apr 201018144481.694.12$16,616
Mar 201018142978.394.39$16,071
Feb 201036235373.585.44$28,557
Jan 201018138574.365.96$15,755
Dec 200936036871.445.48$27,736
Nov 200936233774.593.75$28,266
Oct 200918151472.544.11$15,242
Sep 200936052165.543.06$25,191
Aug 200936054967.423.22$26,038
Jul 200935871061.133.46$24,344
Jun 2009180366.163.90$11,920
May 20091826254.743.93$10,206
Apr 200905346.773.59$190
Mar 2009364042.144.06$15,339
Feb 20091824932.814.63$6,198
Jan 2009010035.865.37$537
Dec 200817910337.105.98$7,257
Nov 20081797755.496.86$10,461
Oct 2008011575.246.92$796
Sep 200817751101.767.88$18,413
Aug 200817776114.228.48$20,862
Jul 2008178154131.0811.39$25,086
Jun 20080140131.3313.03$1,825
May 2008178136123.1711.57$23,498
Apr 2008170111110.3110.45$19,913
Mar 2008175114101.909.66$18,934
Feb 2008011192.538.77$974
Jan 20081812390.388.21$16,548
Dec 20071813088.337.30$16,207
Nov 200717918391.677.29$17,743
Oct 200718115982.856.92$16,096
Sep 20071809675.846.24$14,251
Aug 20071799469.066.39$12,962
Jul 200717911370.906.39$13,413
Jun 200718210262.007.55$12,054
May 20071818958.747.85$11,330
Apr 200718213959.617.81$11,934
Mar 200736413356.927.30$21,690
Feb 20071779255.108.22$10,509
Jan 200718212350.306.73$9,982
Dec 200618346656.656.92$13,591
Nov 200635738754.207.62$22,297
Oct 200617844254.906.01$12,430
Sep 200653941160.085.04$34,453
Aug 200618043868.717.34$15,583
Jul 200653950569.376.34$40,594
Jun 200617950266.286.38$15,069
May 200635856766.016.42$27,275
Apr 200633517364.397.36$22,844
Mar 200653319956.707.08$31,631
Feb 200636127257.597.75$22,898
Jan 200634131760.598.93$23,493
Dec 200537916854.9413.42$23,076
Nov 200536141854.6910.59$24,169
Oct 200555135258.3413.80$37,001
Sep 200517323261.4512.08$13,433
Aug 200556343461.519.80$38,882
Jul 200536411155.697.84$21,142
Jun 200537610052.337.38$20,414
May 200554919045.226.65$26,090
Apr 200555819049.207.36$28,852
Mar 200534924250.377.15$19,311
Feb 200571336245.226.31$34,527
Jan 200537221543.166.32$17,415
Dec 200437346239.866.75$17,987
Nov 200452425945.286.33$25,366
Oct 200436149049.706.52$21,134
Sep 200455071043.245.28$27,534
Aug 200437643042.375.55$18,318
Jul 200456037138.286.08$23,694
Jun 200434928336.106.43$14,419
May 200455113437.486.49$21,522
Apr 200437124534.475.86$14,224
Mar 200449926134.365.53$18,589
Feb 200455732432.455.51$19,860
Jan 200437254832.036.30$15,367
Dec 200356074130.266.30$21,615
Nov 200353973328.804.60$18,891
Oct 200356472328.174.76$19,329
Sep 200355468026.314.75$17,805
Aug 200355883429.765.13$20,884
Jul 200374374429.415.17$25,699
Jun 200337762728.565.98$14,518
May 200374175526.595.97$24,213
Apr 200356768326.675.41$18,815
Mar 200370469231.146.10$26,141
Feb 200336353033.487.93$16,354
Jan 200371053630.315.58$24,512
Dec 200253876426.914.85$18,186
Nov 200268265024.664.14$19,507
Oct 200272992426.464.23$23,197
Sep 200268391027.443.64$22,050
Aug 200272796425.963.16$21,923
Jul 200273477924.583.06$20,427
Jun 200255073423.733.34$15,502
May 200268069524.663.58$19,260
Apr 200288675523.653.51$23,606
Mar 200273185122.003.10$18,722
Feb 200272182418.222.38$15,094
Jan 20021,0841,02817.172.38$21,054
Dec 20018761,00916.932.36$17,216
Nov 20017201,15518.072.41$15,789
Oct 20011,0671,24719.782.53$24,259
Sep 20011,21598024.262.25$31,682
Aug 20017101,19124.873.05$21,294
Jul 20011,04099123.933.20$28,056
Jun 20011,0441,27224.563.82$30,505
May 20011,0471,68525.524.31$33,977
Apr 20011,3841,50624.685.34$42,192
Mar 20011,1871,44624.545.38$36,903
Feb 20011,0161,51227.755.77$36,914
Jan 20011,5081,51627.478.40$54,157
Dec 20001,2871,29426.889.12$46,399
Nov 20001,3641,95632.215.66$55,001
Oct 20001,7061,65931.235.15$61,815
Sep 20001,2141,66631.875.19$47,331
Aug 20001,5191,60129.644.54$52,293
Jul 20001,7001,67928.534.09$55,368
Jun 20001,8631,66229.304.40$61,894
May 20001,02684627.263.68$31,082
Apr 20001,44991124.513.12$38,354
Mar 20001,5781,50628.422.86$49,154
Feb 20001,42999627.622.73$42,185
Jan 20001,42577725.272.48$37,937
Dec 19991,81591524.282.42$46,286
Nov 19991,8091,56923.192.43$45,770
Oct 19991,6191,00320.982.80$36,779
Sep 19991,155521.752.62$25,134
Aug 19992,04999419.262.88$42,322
Jul 19992,0531,34217.892.37$39,912
Jun 19992,3721,24315.942.36$40,746
May 19992,1681,00615.792.32$36,568
Apr 19992,49296815.102.21$39,767
Mar 19992,7501,84812.471.84$37,690
Feb 19992,5861,9199.981.82$29,297
Jan 19993,3172,08010.381.90$38,382
Dec 19983,6032,3989.201.77$37,400
Nov 19984,0002,88510.892.19$49,866
Oct 19985,0062,56012.421.97$67,216
Sep 19985,9422,35912.592.08$79,723
Aug 19988,4473,36011.301.91$101,860
Jul 19985,180011.742.24$60,813
Jun 19983,950011.242.24$44,398
May 199815012.622.21$189

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.

Aug 2025 — as filed, then multipliedworked
Oil                    1 bbl  × $ 63.93 =        $64
Casinghead gas         0 Mcf  × $  3.01 =         $0

────────────────────────────────────────────────────
Month total                                      $64

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/23633 is the state's own key, not one this site invented.