KODIAK 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 23885District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$8.2 M
Apr 2000 – May 2026
Value, last 12 filed months
$23 k
at the published price for each month
Months reported
314
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
OilDisposition181,255 bbl$7,175,526
Casinghead gasProduction192,341 Mcf$992,550
Total$8,168,076

Every month this lease reported (314)

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

314 months

May 20260248106.413.05$755
Apr 2026024098.932.87$689
Mar 2026024889.753.15$781
Feb 2026022463.503.75$840
Jan 2026019659.138.00$1,568
Dec 20254524856.664.41$3,644
Nov 202518324058.593.93$11,664
Oct 2025024859.383.30$820
Sep 2025024062.743.08$738
Aug 2025124863.933.01$812
Jul 2025013866.743.32$458
Jun 2025017666.483.13$551
May 2025024860.553.23$802
Apr 202517624062.363.54$11,826
Mar 2025024867.704.27$1,059
Feb 202505370.884.34$230
Jan 202501374.324.28$56
Dec 202418024868.993.12$13,192
Nov 2024024069.052.20$528
Oct 2024016371.372.28$372
Sep 2024012769.612.36$300
Aug 2024024875.632.06$512
Jul 202409679.932.15$206
Jun 202409678.082.63$253
May 2024024878.812.20$545
Apr 202417424084.451.66$15,093
Mar 2024024880.301.55$383
Feb 2024023276.091.78$414
Jan 2024024873.023.30$818
Dec 2023224871.262.61$790
Nov 2023024077.892.81$674
Oct 202317624885.443.09$15,803
Sep 2023023289.042.74$635
Aug 202317024480.522.67$14,341
Jul 2023024874.852.64$655
Jun 202303368.962.26$75
May 20230070.622.23$0
Apr 20230878.122.24$18
Mar 202301672.852.39$38
Feb 202318213375.112.47$13,998
Jan 2023021676.533.39$732
Dec 2022016476.415.73$940
Nov 2022024085.005.65$1,355
Oct 2022024887.185.86$1,454
Sep 2022024084.888.16$1,959
Aug 202217824894.529.13$19,088
Jul 20220248101.587.54$1,870
Jun 20220240115.097.98$1,915
May 20220248109.378.43$2,091
Apr 20220240104.226.84$1,641
Mar 2022184248108.885.08$21,293
Feb 2022022491.054.86$1,088
Jan 2022024881.844.54$1,125
Dec 2021140071.323.90$9,985
Nov 2021180077.435.24$13,937
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 2021178069.493.38$12,369
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 2021179057.805.55$10,346
Jan 20210050.412.81$0
Dec 2020176044.642.68$7,857
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 2020186039.982.39$7,436
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 2020172049.881.98$8,579
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 2019178053.472.42$9,518
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 2019157058.482.74$9,181
Apr 20190062.632.75$0
Mar 2019189056.803.06$10,735
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 2018174046.594.19$8,107
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 2018183059.543.11$10,896
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 2018186060.183.08$11,193
May 20180065.382.90$0
Apr 20181063.842.90$64
Mar 2018188061.222.79$11,509
Feb 2018171061.782.77$10,564
Jan 20180062.874.01$0
Dec 2017193057.272.92$11,053
Nov 2017172055.423.12$9,532
Oct 2017179049.292.98$8,823
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20172042.493.09$85
May 20171045.373.26$45
Apr 2017368047.933.21$17,638
Mar 20170046.772.98$0
Feb 201733318450.452.95$17,343
Jan 201716518449.413.42$8,782
Dec 201616623048.763.72$8,950
Nov 201616421642.492.64$7,540
Oct 201618625446.193.09$9,376
Sep 201635628941.553.10$15,688
Aug 201618725341.442.92$8,489
Jul 201617328741.622.92$8,040
Jun 201617730545.352.69$8,846
May 201617826542.521.99$8,096
Apr 201617426536.561.99$6,889
Mar 201617922633.011.79$6,314
Feb 201618721926.472.06$5,402
Jan 201637624127.352.36$10,853
Dec 201517924232.362.00$6,277
Nov 201518424038.792.17$7,658
Oct 201518523843.552.43$8,634
Sep 201518429442.992.76$8,721
Aug 201538134640.162.87$16,295
Jul 201518634648.152.95$9,975
Jun 201518334456.152.88$11,267
May 201536532955.212.96$21,124
Apr 201517927549.822.71$9,662
Mar 201517826242.892.93$8,403
Feb 201538624144.662.98$17,956
Jan 201519937843.433.10$9,815
Dec 201436732854.693.59$21,249
Nov 201418026070.464.25$13,788
Oct 201438035078.303.90$31,119
Sep 201418541486.164.05$17,614
Aug 201418040089.394.04$17,704
Jul 201438432996.564.18$38,454
Jun 201419118698.164.74$19,630
May 201419321494.734.73$19,294
Apr 201456540495.944.81$56,149
Mar 201419233795.895.06$20,115
Feb 201439726597.406.19$40,309
Jan 201438126690.404.86$35,735
Dec 201319336991.824.35$19,328
Nov 201337340788.853.74$34,663
Oct 201337856597.423.78$38,960
Sep 2013185458104.113.72$20,963
Aug 2013369339104.253.52$39,662
Jul 2013377567102.523.72$40,758
Jun 201337564994.403.93$37,953
May 201355476294.834.15$55,697
Apr 201336771593.964.28$37,545
Mar 201357173093.623.91$56,313
Feb 201318967791.233.42$19,558
Jan 201319079791.603.42$20,130
Dec 201218180586.773.42$18,459
Nov 201236580686.953.62$34,658
Oct 2012080389.383.40$2,730
Sep 201217542694.672.92$17,810
Aug 201237482992.662.91$37,066
Jul 201214692485.133.02$15,220
Jun 201218772679.822.52$16,755
May 201237484791.612.49$36,370
Apr 2012184730101.652.00$20,161
Mar 2012195767105.052.22$22,189
Feb 2012194673101.102.57$21,343
Jan 201239344098.092.73$39,752
Dec 201117884296.873.24$19,971
Nov 201135742695.723.31$35,583
Oct 2011144084.983.65$1,690
Sep 201138442683.623.99$33,808
Aug 201118044083.404.15$16,838
Jul 201119244094.144.52$20,062
Jun 201138242692.904.64$37,464
May 201118674498.134.40$21,529
Apr 2011191776105.964.33$23,601
Mar 201137244096.364.06$37,631
Feb 2011039885.644.18$1,664
Jan 201137344086.504.59$34,284
Dec 201037691685.734.35$36,217
Nov 201018142680.843.80$16,249
Oct 201018844078.103.51$16,227
Sep 201036642672.633.98$28,278
Aug 201018372273.684.42$16,674
Jul 201018286472.554.74$17,296
Jun 201038083270.364.91$30,822
May 201037179271.124.24$29,740
Apr 201018987281.694.12$19,034
Mar 201018683278.394.39$18,232
Feb 201037170373.585.44$31,124
Jan 201017796174.365.96$18,893
Dec 20093671,04571.445.48$31,949
Nov 200918398174.593.75$17,330
Oct 20091901,03272.544.11$18,024
Sep 200918996665.543.06$15,348
Aug 20093681,16567.423.22$28,560
Jul 20091791,24161.133.46$15,242
Jun 20093841,05566.163.90$29,515
May 20091821,16654.743.93$14,540
Apr 20093891,24946.773.59$22,674
Mar 20093921,40842.144.06$22,234
Feb 20093971,55632.814.63$20,235
Jan 20091971,58035.865.37$15,551
Dec 20083961,95837.105.98$26,395
Nov 20083664,83255.496.86$53,459
Oct 20085892,12075.246.92$58,991
Sep 20081902,742101.767.88$40,933
Aug 20083921,016114.228.48$53,393
Jul 2008192898131.0811.39$35,395
Jun 20083901,344131.3313.03$68,735
May 2008395845123.1711.57$58,432
Apr 2008386938110.3110.45$52,386
Mar 20081931,038101.909.66$29,698
Feb 20085911,14692.538.77$64,736
Jan 20083981,15090.388.21$45,408
Dec 20074011,15488.337.30$43,847
Nov 20073891,27491.677.29$44,949
Oct 20075681,27182.856.92$55,857
Sep 20073861,37375.846.24$37,847
Aug 20075881,41669.066.39$49,653
Jul 20073971,34370.906.39$36,726
Jun 20077821,31962.007.55$58,440
May 20073941,86558.747.85$37,777
Apr 20077901,93459.617.81$62,187
Mar 20071,3102,11356.927.30$89,994
Feb 2007060855.108.22$4,995
Jan 200739671150.306.73$24,702
Dec 20065711,01156.656.92$39,342
Nov 200638491454.207.62$27,775
Oct 200655786254.906.01$35,763
Sep 200656396160.085.04$38,666
Aug 20061,1292,05468.717.34$92,650
Jul 20061,4722,89869.376.34$120,494
Jun 200695598066.286.38$69,554
May 20060066.016.42$0
Apr 20063064.397.36$193
Mar 2006189056.707.08$10,716
Feb 2006187057.597.75$10,769
Jan 2006182060.598.93$11,027
Dec 20050054.9413.42$0
Nov 2005175054.6910.59$9,571
Oct 2005196058.3413.80$11,435
Sep 20051061.4512.08$61
Aug 2005183561.519.80$11,305
Jul 20051891255.697.84$10,620
Jun 20051855352.337.38$10,072
May 2005682345.226.65$3,228
Apr 20051742149.207.36$8,715
Mar 20055559250.377.15$28,614
Feb 20050245.226.31$13
Jan 20050043.166.32$0
Dec 20041863639.866.75$7,657
Nov 20041852045.286.33$8,503
Oct 20041824749.706.52$9,352
Sep 20043726043.245.28$16,402
Aug 20041855142.375.55$8,122
Jul 20041874738.286.08$7,444
Jun 200437216536.106.43$14,491
May 2004379037.486.49$14,205
Apr 200436415834.475.86$13,473
Mar 200418924734.365.53$7,860
Feb 200455122232.455.51$19,103
Jan 200435972832.036.30$16,085
Dec 200335024030.266.30$12,103
Nov 200337114828.804.60$11,365
Oct 20035438728.174.76$15,710
Sep 200356027826.314.75$16,054
Aug 20031029.765.13$30
Jul 20031829729.415.17$5,854
Jun 200337748528.565.98$13,669
May 200355833126.595.97$16,814
Apr 20033734626.675.41$10,197
Mar 200369966431.146.10$25,815
Feb 200371955233.487.93$28,447
Jan 20031,12656630.315.58$37,288
Dec 20021,68091126.914.85$49,631
Nov 200295857424.664.14$25,999
Oct 20021,4031,03426.464.23$41,496
Sep 20021,4301,01127.443.64$42,914
Aug 20021,37588425.963.16$38,492
Jul 20021,4311,26224.583.06$39,038
Jun 20021,6551,72823.733.34$45,042
May 20022,2081,91624.663.58$61,316
Apr 20025482423.653.51$13,045
Mar 20021,45488322.003.10$34,728
Feb 20021,6391,25918.222.38$32,854
Jan 20022,0121,27517.172.38$37,575
Dec 20011,6161,62216.932.36$31,194
Nov 20011,9501,32718.072.41$38,429
Oct 20012,1341,88119.782.53$46,967
Sep 20012,2422,11324.262.25$59,148
Aug 20011,9052,10924.873.05$53,816
Jul 20012,4371,90023.933.20$64,392
Jun 20012,40264224.563.82$61,448
May 20013,1271,70125.524.31$87,128
Apr 20013,4543,73424.685.34$105,167
Mar 20013,9514,97724.545.38$123,716
Feb 20014,9466,43427.755.77$174,357
Jan 20015,5875,83427.478.40$202,473
Dec 20004,7403,88026.889.12$162,807
Nov 20007,2605,45832.215.66$264,726
Oct 20006,0702,69031.235.15$203,408
Sep 20006,827031.875.19$217,576
Aug 20008,9443,56129.644.54$281,270
Jul 200010,1253,46528.534.09$303,037
Jun 20008,7902,84629.304.40$270,062
May 200012,8004,06527.263.68$363,886
Apr 20003,1471,15324.513.12$80,726

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       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                     $755

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/23885 is the state's own key, not one this site invented.