ELY

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 23719District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$8.0 M
Jun 1999 – May 2026
Value, last 12 filed months
$154 k
at the published price for each month
Months reported
324
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
OilDisposition152,130 bbl$7,140,480
Casinghead gasProduction189,580 Mcf$905,521
Total$8,046,001

Every month this lease reported (324)

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

324 months

May 2026056106.413.05$171
Apr 202617417198.932.87$17,705
Mar 202617923289.753.15$16,796
Feb 202617622463.503.75$12,016
Jan 202618024859.138.00$12,627
Dec 202518124856.664.41$11,350
Nov 202517923458.593.93$11,406
Oct 202517623559.383.30$11,228
Sep 202517524062.743.08$11,718
Aug 202517822463.933.01$12,055
Jul 202518324866.743.32$13,036
Jun 202535524066.483.13$24,351
May 202517324660.553.23$11,270
Apr 202518423362.363.54$12,300
Mar 202518424867.704.27$13,515
Feb 202517011170.884.34$12,531
Jan 202517324874.324.28$13,918
Dec 202418924468.993.12$13,801
Nov 202433523669.052.20$23,651
Oct 202417824071.372.28$13,251
Sep 202436018569.612.36$25,497
Aug 202417920975.632.06$13,969
Jul 202417713779.932.15$14,442
Jun 202418110078.082.63$14,396
May 202435021278.812.20$28,050
Apr 202417924084.451.66$15,515
Mar 202437224880.301.55$30,255
Feb 202416620776.091.78$13,000
Jan 202434614773.023.30$25,750
Dec 202336624871.262.61$26,729
Nov 202317924077.892.81$14,616
Oct 202336024885.443.09$31,524
Sep 202335524089.042.74$32,266
Aug 202335724880.522.67$29,409
Jul 202336224774.852.64$27,748
Jun 202336020168.962.26$25,280
May 202317918070.622.23$13,042
Apr 20233437778.122.24$26,967
Mar 202334924872.852.39$26,018
Feb 202336022475.112.47$27,592
Jan 202352623876.533.39$41,061
Dec 202235918376.415.73$28,480
Nov 202253024085.005.65$46,405
Oct 202235624887.185.86$32,490
Sep 202237524084.888.16$33,789
Aug 202254024894.529.13$53,304
Jul 2022370248101.587.54$39,455
Jun 2022361240115.097.98$43,462
May 2022553248109.378.43$62,573
Apr 2022365240104.226.84$39,681
Mar 2022362248108.885.08$40,674
Feb 202236522491.054.86$34,322
Jan 20220081.844.54$0
Dec 2021535071.323.90$38,156
Nov 2021362077.435.24$28,030
Oct 2021540079.795.71$43,087
Sep 2021340069.865.35$23,752
Aug 2021530066.024.22$34,991
Jul 2021547070.783.98$38,717
Jun 2021718069.493.38$49,894
May 2021365063.483.02$23,170
Apr 2021523060.362.76$31,568
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 2021176050.412.81$8,872
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 2020182036.972.48$6,729
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 202001430.341.86$26
Feb 20201801649.881.98$9,010
Jan 202003457.252.09$71
Dec 20191814059.012.30$10,773
Nov 20191905,47155.302.75$25,556
Oct 201917844353.472.42$10,589
Sep 201935053355.052.66$20,684
Aug 201952529153.112.30$28,553
Jul 201935223256.272.46$20,378
Jun 20191735952.782.49$9,278
May 2019522058.482.74$30,527
Apr 20196131562.632.75$38,433
Mar 20194467756.803.06$25,569
Feb 20193517050.852.79$18,044
Jan 20193481546.033.23$16,067
Dec 2018477046.594.19$22,223
Nov 20180052.934.24$0
Oct 2018155161.443.40$9,527
Sep 2018168159.543.11$10,006
Aug 201819550359.403.07$13,125
Jul 2018166365.142.93$2,009
Jun 201817570460.183.08$12,698
May 201819177865.382.90$14,744
Apr 2018022963.842.90$664
Mar 2018017461.222.79$485
Feb 2018030661.782.77$846
Jan 201817249662.874.01$12,802
Dec 201719243657.272.92$12,270
Nov 201718452755.423.12$11,841
Oct 2017057649.292.98$1,719
Sep 20171899247.523.09$9,265
Aug 20171878245.373.00$8,731
Jul 201717833843.873.09$8,852
Jun 2017040442.493.09$1,247
May 201718748045.373.26$10,051
Apr 201718957647.933.21$10,909
Mar 201718647746.772.98$10,122
Feb 201717550150.452.95$10,308
Jan 201717956249.413.42$10,766
Dec 201618546748.763.72$10,759
Nov 2016063742.492.64$1,684
Oct 201618568946.193.09$10,674
Sep 201618067841.553.10$9,581
Aug 201618766641.442.92$9,697
Jul 201617959741.622.92$9,196
Jun 201617652445.352.69$9,389
May 201618250642.521.99$8,746
Apr 201618247736.561.99$7,604
Mar 2016148333.011.79$900
Feb 201617645126.472.06$5,589
Jan 201617348927.352.36$5,888
Dec 201518249432.362.00$6,878
Nov 201518250338.792.17$8,150
Oct 201518255743.552.43$9,278
Sep 201518959042.992.76$9,753
Aug 201518958140.162.87$9,259
Jul 2015264448.152.95$1,993
Jun 201518067256.152.88$12,044
May 201518068455.212.96$11,959
Apr 201518066449.822.71$10,765
Mar 201518370042.892.93$9,903
Feb 201518163944.662.98$9,985
Jan 201518168543.433.10$9,985
Dec 201418469054.693.59$12,541
Nov 201418265270.464.25$15,596
Oct 201418065278.303.90$16,637
Sep 201417863686.164.05$17,909
Aug 201418053489.394.04$18,245
Jul 201418057696.564.18$19,788
Jun 201417955098.164.74$20,176
May 201418757194.734.73$20,413
Apr 201418070695.944.81$20,664
Mar 201436272995.895.06$38,399
Feb 2014060397.406.19$3,734
Jan 201436260790.404.86$35,675
Dec 201319160391.824.35$20,163
Nov 201317961188.853.74$18,188
Oct 201317972597.423.78$20,178
Sep 2013180632104.113.72$21,089
Aug 2013192716104.253.52$22,538
Jul 2013177749102.523.72$20,931
Jun 201318078894.403.93$20,092
May 201318078694.834.15$20,331
Apr 201317975493.964.28$20,048
Mar 201335481693.623.91$36,334
Feb 201317965991.233.42$18,584
Jan 201317964191.603.42$18,589
Dec 201236069486.773.42$33,611
Nov 201217969386.953.62$18,076
Oct 201217872189.383.40$18,361
Sep 201217850794.672.92$18,331
Aug 201218555392.662.91$18,750
Jul 201236382685.133.02$33,397
Jun 201218276679.822.52$16,457
May 201218378791.612.49$18,723
Apr 2012174802101.652.00$19,289
Mar 2012371877105.052.22$40,922
Feb 2012180849101.102.57$20,380
Jan 201237687798.092.73$39,280
Dec 201118086696.873.24$20,242
Nov 201118985095.723.31$20,906
Oct 201118386484.983.65$18,704
Sep 201136284083.623.99$33,619
Aug 201136386383.404.15$33,855
Jul 201119443394.144.52$20,219
Jun 201118586892.904.64$21,214
May 201137790798.134.40$40,990
Apr 2011180890105.964.33$22,929
Mar 201136791796.364.06$39,085
Feb 201137886485.644.18$35,983
Jan 201118693686.504.59$20,384
Dec 201054592085.734.35$50,723
Nov 201054990380.843.80$47,808
Oct 2010283678.103.51$3,090
Sep 201017799572.633.98$16,815
Aug 201037494573.684.42$31,733
Jul 20101811,05772.554.74$18,138
Jun 201036075470.364.91$29,032
May 201037592471.124.24$30,583
Apr 201036181281.694.12$32,838
Mar 201018154678.394.39$16,585
Feb 201036757673.585.44$30,139
Jan 201017970274.365.96$17,497
Dec 200936375771.445.48$30,084
Nov 200935986074.593.75$30,004
Oct 200935698472.544.11$29,869
Sep 200936087165.543.06$26,264
Aug 200936189567.423.22$27,219
Jul 200935992261.133.46$25,140
Jun 200936587966.163.90$27,572
May 200919395854.743.93$14,326
Apr 200955084746.773.59$28,762
Mar 20093671,05642.144.06$19,752
Feb 200919582732.814.63$10,229
Jan 200954692035.865.37$24,521
Dec 200856590537.105.98$26,371
Nov 200836192355.496.86$26,364
Oct 200835599175.246.92$33,570
Sep 2008353897101.767.88$42,987
Aug 20083851,031114.228.48$52,721
Jul 20085731,166131.0811.39$88,389
Jun 20080893131.3313.03$11,638
May 20085751,498123.1711.57$88,161
Apr 20083811,405110.3110.45$56,717
Mar 20085851,399101.909.66$73,132
Feb 20083881,31292.538.77$47,409
Jan 20087671,38690.388.21$80,695
Dec 20073731,46688.337.30$43,652
Nov 20077521,26191.677.29$78,131
Oct 20073691,10982.856.92$38,248
Sep 200755588175.846.24$47,592
Aug 20075631,19669.066.39$46,521
Jul 20075681,12370.906.39$47,445
Jun 200756664162.007.55$39,931
May 200755566158.747.85$37,787
Apr 200757870559.617.81$39,957
Mar 200755175756.927.30$36,891
Feb 200756370655.108.22$36,822
Jan 200757189650.306.73$34,749
Dec 200674397056.656.92$48,802
Nov 20067291,05354.207.62$47,533
Oct 200674691254.906.01$46,440
Sep 20061838260.085.04$11,408
Aug 200636762268.717.34$29,782
Jul 200637456869.376.34$29,547
Jun 200618753666.286.38$15,816
May 200636853066.016.42$27,697
Apr 200618447264.397.36$15,322
Mar 200619347956.707.08$14,336
Feb 200619550157.597.75$15,113
Jan 200619651260.598.93$16,450
Dec 200518841554.9413.42$15,896
Nov 200519352154.6910.59$16,072
Oct 200537361458.3413.80$30,231
Sep 200519349461.4512.08$17,827
Aug 200519063161.519.80$17,869
Jul 200517636655.697.84$12,672
Jun 200536956452.337.38$23,473
May 200536755545.226.65$20,287
Apr 200536653649.207.36$21,952
Mar 200555052850.377.15$31,481
Feb 200534448445.226.31$18,611
Jan 20059111,05243.166.32$45,970
Dec 200475174839.866.75$34,985
Nov 20047331,00745.286.33$39,565
Oct 200494896649.706.52$53,409
Sep 20041813243.245.28$7,996
Aug 200436541242.375.55$17,752
Jul 200493185038.286.08$40,810
Jun 200473375336.106.43$31,305
May 200475876937.486.49$33,404
Apr 200452866534.475.86$22,096
Mar 200473684034.365.53$29,934
Feb 200455465732.455.51$21,597
Jan 200455167532.036.30$21,901
Dec 200354880030.266.30$21,624
Nov 200374697928.804.60$25,983
Oct 20037301,03528.174.76$25,490
Sep 20037361,03326.314.75$24,270
Aug 20035431,02629.765.13$21,423
Jul 200358370229.415.17$20,776
Jun 200355069628.565.98$19,872
May 200354338626.595.97$16,744
Apr 200354441826.675.41$16,769
Mar 200372770531.146.10$26,936
Feb 200354470233.487.93$23,777
Jan 200354857630.315.58$19,825
Dec 200254963226.914.85$17,841
Nov 200273256824.664.14$20,401
Oct 200273472526.464.23$22,488
Sep 200254466027.443.64$17,327
Aug 200273667125.963.16$21,230
Jul 200273167424.583.06$20,032
Jun 200273157523.733.34$19,266
May 200273147424.663.58$19,725
Apr 200290444323.653.51$22,936
Mar 200270941522.003.10$16,886
Feb 200273042518.222.38$14,310
Jan 200288364017.172.38$16,682
Dec 200172970916.932.36$14,018
Nov 20011,47083218.072.41$28,564
Oct 200190981219.782.53$20,033
Sep 20011,09562324.262.25$27,967
Aug 20011,09545824.873.05$28,631
Jul 20013615223.933.20$8,805
Jun 200154331624.563.82$14,545
May 20011,4621,08225.524.31$41,971
Apr 20011,09986324.685.34$31,728
Mar 20011,45296124.545.38$40,799
Feb 20011,08987727.755.77$35,277
Jan 20011,27186727.478.40$42,196
Dec 20001,46395626.889.12$48,047
Nov 20001,2681,04432.215.66$46,749
Oct 20001,6331,06131.235.15$56,458
Sep 20001,27587931.875.19$45,193
Aug 20001,27079929.644.54$41,271
Jul 20001,99087828.534.09$60,366
Jun 20001,26489629.304.40$40,975
May 20002,1661,22727.263.68$63,560
Apr 20001,62087024.513.12$42,417
Mar 20001,80681128.422.86$53,646
Feb 20001,98371627.622.73$56,723
Jan 20002,53437225.272.48$64,957
Dec 19992,46223424.282.42$60,345
Nov 19992,68796223.192.43$64,653
Oct 19993,6321,00120.982.80$79,006
Sep 19993,629921.752.62$78,954
Aug 19995,4403,76919.262.88$115,613
Jul 19997,1933,69317.892.37$137,444
Jun 19999015.942.36$143

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        56 Mcf  × $  3.05 =       $171

────────────────────────────────────────────────────
Month total                                     $171

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/23719 is the state's own key, not one this site invented.