GREY WOLF 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 23943District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$8.7 M
Sep 2000 – May 2026
Value, last 12 filed months
$180 k
at the published price for each month
Months reported
309
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
OilDisposition150,694 bbl$8,257,717
Casinghead gasProduction103,487 Mcf$466,248
Total$8,723,965

Every month this lease reported (309)

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

309 months

May 2026346248106.413.05$37,573
Apr 202618024098.932.87$18,496
Mar 202617624889.753.15$16,577
Feb 202617821663.503.75$12,113
Jan 202619011059.138.00$12,114
Dec 202518123756.664.41$11,301
Nov 202517421358.593.93$11,031
Oct 202517723259.383.30$11,277
Sep 202517824062.743.08$11,906
Aug 202517824863.933.01$12,127
Jul 202517622666.743.32$12,495
Jun 202517724066.483.13$12,518
May 202517823260.553.23$11,528
Apr 202518024062.363.54$12,075
Mar 202536124867.704.27$25,498
Feb 202518016970.884.34$13,492
Jan 202517812574.324.28$13,764
Dec 202417720868.993.12$12,860
Nov 202417724069.052.20$12,749
Oct 202417824871.372.28$13,270
Sep 202417624069.612.36$12,819
Aug 202418124875.632.06$14,201
Jul 202418024879.932.15$14,920
Jun 202435622878.082.63$28,397
May 202417724878.812.20$14,495
Apr 202419224084.451.66$16,613
Mar 202418024880.301.55$14,837
Feb 202418123276.091.78$14,186
Jan 202418316973.023.30$13,920
Dec 202318918871.262.61$13,959
Nov 202317924077.892.81$14,616
Oct 202318418085.443.09$16,277
Sep 202334417789.042.74$31,114
Aug 202317615080.522.67$14,572
Jul 202317513174.852.64$13,445
Jun 202337117868.962.26$25,986
May 20231833970.622.23$13,010
Apr 20230078.122.24$0
Mar 202317417672.852.39$13,097
Feb 202317520075.112.47$13,637
Jan 202318522876.533.39$14,930
Dec 202218019176.415.73$14,848
Nov 202235124085.005.65$31,190
Oct 202217323987.185.86$16,484
Sep 202217724084.888.16$16,983
Aug 202217824894.529.13$19,088
Jul 2022354248101.587.54$37,830
Jun 2022177240115.097.98$22,285
May 2022180248109.378.43$21,778
Apr 2022185240104.226.84$20,922
Mar 2022344248108.885.08$38,714
Feb 202219022491.054.86$18,388
Jan 202218024881.844.54$15,857
Dec 2021359071.323.90$25,604
Nov 2021173077.435.24$13,395
Oct 2021175079.795.71$13,963
Sep 2021177069.865.35$12,365
Aug 2021334066.024.22$22,051
Jul 2021174070.783.98$12,316
Jun 2021316069.493.38$21,959
May 2021171063.483.02$10,855
Apr 2021184060.362.76$11,106
Mar 2021341061.302.72$20,903
Feb 2021180057.805.55$10,404
Jan 2021186050.412.81$9,376
Dec 2020356044.642.68$15,892
Nov 2020184038.772.71$7,134
Oct 2020658036.972.48$24,326
Sep 2020357037.091.99$13,241
Aug 2020167039.982.39$6,677
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020179014.751.80$2,640
Mar 2020189030.341.86$5,734
Feb 2020367049.881.98$18,306
Jan 2020190057.252.09$10,878
Dec 2019354059.012.30$20,890
Nov 20190055.302.75$0
Oct 2019369053.472.42$19,730
Sep 2019183055.052.66$10,074
Aug 2019333053.112.30$17,686
Jul 2019162056.272.46$9,116
Jun 2019319052.782.49$16,837
May 2019351058.482.74$20,526
Apr 2019163062.632.75$10,209
Mar 2019164056.803.06$9,315
Feb 2019170050.852.79$8,645
Jan 2019314046.033.23$14,453
Dec 2018155046.594.19$7,221
Nov 2018350052.934.24$18,526
Oct 2018333061.443.40$20,460
Sep 2018342959.543.11$20,391
Aug 2018574059.403.07$34,096
Jul 2018177065.142.93$11,530
Jun 2018332060.183.08$19,980
May 2018191065.382.90$12,488
Apr 2018347063.842.90$22,152
Mar 2018159061.222.79$9,734
Feb 2018535161.782.77$33,055
Jan 2018010662.874.01$425
Dec 20173762457.272.92$21,604
Nov 201719018555.423.12$11,107
Oct 201737830649.292.98$19,545
Sep 201718517847.523.09$9,341
Aug 201737321445.373.00$17,566
Jul 201718715043.873.09$8,667
Jun 201719115542.493.09$8,594
May 201738121545.373.26$17,988
Apr 201718011147.933.21$8,984
Mar 20173539846.772.98$16,802
Feb 20173554450.452.95$18,040
Jan 20173595049.413.42$17,909
Dec 20161783148.763.72$8,795
Nov 201636716842.492.64$16,038
Oct 201635744146.193.09$17,853
Sep 201635838841.553.10$16,078
Aug 201635536741.442.92$15,784
Jul 201636136241.622.92$16,083
Jun 201635741945.352.69$17,315
May 201635952842.521.99$16,316
Apr 201635851636.561.99$14,116
Mar 201638055533.011.79$13,539
Feb 201637348026.472.06$10,864
Jan 201636452327.352.36$11,192
Dec 201537753932.362.00$13,278
Nov 201536858738.792.17$15,547
Oct 201537554043.552.43$17,642
Sep 201536248942.992.76$16,911
Aug 201536049940.162.87$15,891
Jul 201536057348.152.95$19,022
Jun 201537155556.152.88$22,432
May 201535857755.212.96$21,470
Apr 201537049549.822.71$19,773
Mar 201556041442.892.93$25,233
Feb 201536148544.662.98$17,566
Jan 201535856243.433.10$17,290
Dec 201453958054.693.59$31,561
Nov 201435858770.464.25$27,721
Oct 201453763078.303.90$44,505
Sep 201436265386.164.05$33,832
Aug 201453972489.394.04$51,103
Jul 20141,0871,07996.564.18$109,471
Jun 201436941398.164.74$38,177
May 201435844694.734.73$36,021
Apr 201436527395.944.81$36,331
Mar 201455519695.895.06$54,210
Feb 201436118497.406.19$36,301
Jan 201437017590.404.86$34,299
Dec 201336820491.824.35$34,678
Nov 201336321888.853.74$33,068
Oct 201336121897.423.78$35,993
Sep 2013366270104.113.72$39,108
Aug 2013542354104.253.52$57,751
Jul 2013364302102.523.72$38,440
Jun 201354130694.403.93$52,274
May 201337529594.834.15$36,785
Apr 201335738293.964.28$35,180
Mar 201353834193.623.91$51,702
Feb 201336037991.233.42$34,139
Jan 201356856591.603.42$53,961
Dec 201271159386.773.42$63,722
Nov 201255765686.953.62$50,809
Oct 201270674789.383.40$65,642
Sep 201272749294.672.92$70,261
Aug 201272850892.662.91$68,934
Jul 201272884285.133.02$64,518
Jun 201291376579.822.52$74,803
May 201290182891.612.49$84,601
Apr 20129031,005101.652.00$93,797
Mar 20121,1201,005105.052.22$119,889
Feb 20121,123832101.102.57$115,674
Jan 20121,4591,12798.092.73$146,195
Dec 20112,3991,97996.873.24$238,803
Nov 20112,79484895.723.31$270,250
Oct 201175516584.983.65$64,762
Sep 201137715583.623.99$32,143
Aug 201118820783.404.15$16,538
Jul 201137818994.144.52$36,439
Jun 201137535792.904.64$36,494
May 20112139098.134.40$21,298
Apr 2011193341105.964.33$21,928
Mar 201137433896.364.06$37,410
Feb 201137331485.644.18$33,256
Jan 201118813086.504.59$16,859
Dec 201038117585.734.35$33,424
Nov 201018718780.843.80$15,827
Oct 201037925378.103.51$30,488
Sep 201036725072.633.98$27,650
Aug 201019215573.684.42$14,832
Jul 201035915972.554.74$26,799
Jun 201019112170.364.91$14,033
May 201035818571.124.24$26,244
Apr 201018320481.694.12$15,790
Mar 201035613878.394.39$28,512
Feb 20103617773.585.44$26,981
Jan 201018611074.365.96$14,487
Dec 200936118371.445.48$26,793
Nov 200936022574.593.75$27,696
Oct 200935826172.544.11$27,042
Sep 200935926565.543.06$24,341
Aug 200936325367.423.22$25,288
Jul 200918117561.133.46$11,671
Jun 200937622066.163.90$25,733
May 200938715254.743.93$21,781
Apr 200937011146.773.59$17,703
Mar 200938510542.144.06$16,650
Feb 20091898432.814.63$6,590
Jan 200937010135.865.37$13,811
Dec 20081968637.105.98$7,786
Nov 200837610455.496.86$21,578
Oct 20081987975.246.92$15,444
Sep 20081945101.767.88$19,781
Aug 20081960114.228.48$22,387
Jul 20083890131.0811.39$50,990
Jun 200800131.3313.03$0
May 200839617123.1711.57$48,972
Apr 20081974110.3110.45$21,773
Mar 20083896101.909.66$39,697
Feb 2008198592.538.77$18,365
Jan 200839617090.388.21$37,185
Dec 200719628688.337.30$19,401
Nov 200758335391.677.29$56,018
Oct 200739747782.856.92$36,193
Sep 200778453575.846.24$62,799
Aug 200739328669.066.39$28,968
Jul 200739225370.906.39$29,409
Jun 200739126262.007.55$26,220
May 200739327558.747.85$25,243
Apr 200719928459.617.81$14,079
Mar 200739231656.927.30$24,620
Feb 200738021155.108.22$22,672
Jan 200739326050.306.73$21,517
Dec 200638930856.656.92$24,168
Nov 200638533254.207.62$23,396
Oct 200636839254.906.01$22,561
Sep 200637040660.085.04$24,275
Aug 200637032468.717.34$27,801
Jul 200637736669.376.34$28,474
Jun 200637439366.286.38$27,298
May 200636739266.016.42$26,744
Apr 200637238164.397.36$26,757
Mar 200655841556.707.08$34,578
Feb 200631035257.597.75$20,581
Jan 200655443260.598.93$37,426
Dec 200537424454.9413.42$23,821
Nov 200537744054.6910.59$25,277
Oct 200555552258.3413.80$39,580
Sep 200518730661.4512.08$15,187
Aug 200574751661.519.80$51,003
Jul 200536616855.697.84$21,700
Jun 200537231152.337.38$21,762
May 200552951045.226.65$27,313
Apr 200554954049.207.36$30,985
Mar 200573673850.377.15$42,353
Feb 200574445645.226.31$36,522
Jan 200516424043.166.32$8,596
Dec 200454439439.866.75$24,344
Nov 200437544245.286.33$19,778
Oct 200437141049.706.52$21,110
Sep 20043747243.245.28$16,552
Aug 20045636242.375.55$24,198
Jul 20043668238.286.08$14,509
Jun 20043826036.106.43$14,176
May 20045227137.486.49$20,026
Apr 20043476034.475.86$12,313
Mar 200454732634.365.53$20,598
Feb 200435845632.455.51$14,129
Jan 200455453232.036.30$21,096
Dec 200352751730.266.30$19,205
Nov 200375058928.804.60$24,307
Oct 200337656228.174.76$13,267
Sep 200337256726.314.75$12,480
Aug 200356158029.765.13$19,671
Jul 200355155629.415.17$19,080
Jun 200356758628.565.98$19,700
May 200356558026.595.97$18,488
Apr 200354461926.675.41$17,856
Mar 200356459231.146.10$21,172
Feb 200371944733.487.93$27,615
Jan 200335446830.315.58$13,342
Dec 200290358026.914.85$27,115
Nov 200256956324.664.14$16,361
Oct 200251765326.464.23$16,441
Sep 200271459327.443.64$21,748
Aug 200254047625.963.16$15,525
Jul 200249659724.583.06$14,020
Jun 200269944923.733.34$18,086
May 200288436924.663.58$23,122
Apr 200272030223.653.51$18,089
Mar 200272037722.003.10$17,010
Feb 200271243618.222.38$14,008
Jan 200287057517.172.38$16,304
Dec 20011,02080116.932.36$19,162
Nov 20011,06354718.072.41$20,524
Oct 20011,05145619.782.53$21,942
Sep 20011,05249524.262.25$26,636
Aug 20011,3381,06424.873.05$36,525
Jul 20011,2061,52823.933.20$33,745
Jun 20011,3942,27724.563.82$42,944
May 20012,5273,43925.524.31$79,302
Apr 20013,8223,14624.685.34$111,112
Mar 20013,2931,25224.545.38$87,542
Feb 20012,6885627.755.77$74,915
Jan 200182111927.478.40$23,552
Dec 20001,7322,00026.889.12$64,801
Nov 20003,1761,77232.215.66$112,325
Oct 200013,4782,55231.235.15$434,049
Sep 20000031.875.19$0

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                  346 bbl  × $106.41 =    $36,818
Casinghead gas       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                  $37,573

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/23943 is the state's own key, not one this site invented.