HADLEY

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 23946District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$247 k
Feb 2001 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
304
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
OilDisposition2,674 bbl$134,160
Casinghead gasProduction22,017 Mcf$112,883
Total$247,043

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 30.5869, -95.9433. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.58692, -95.94329 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
17,038 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 17,038 ft.

Completions filed
May 1997
1 of 1 wells

1 well

42-185306131H17,038 ftMay 1997

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (304)

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

304 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 20250063.933.01$0
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 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
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 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20121947186.953.62$17,126
Oct 2012010789.383.40$364
Sep 2012011594.672.92$336
Aug 2012011692.662.91$337
Jul 201209885.133.02$296
Jun 201209879.822.52$247
May 2012018591.612.49$460
Apr 20120120101.652.00$240
Mar 20120121105.052.22$269
Feb 2012081101.102.57$208
Jan 201209998.092.73$271
Dec 20111966996.873.24$19,210
Nov 201106795.723.31$222
Oct 201108284.983.65$299
Sep 2011010583.623.99$419
Aug 2011012283.404.15$506
Jul 201108494.144.52$379
Jun 201101092.904.64$46
May 2011013398.134.40$586
Apr 20110129105.964.33$559
Mar 2011021696.364.06$876
Feb 20110085.644.18$0
Jan 2011019386.504.59$886
Dec 20100185.734.35$4
Nov 20100480.843.80$15
Oct 201019747878.103.51$17,063
Sep 20100072.633.98$0
Aug 20100473.684.42$18
Jul 20100072.554.74$0
Jun 20100170.364.91$5
May 20100171.124.24$4
Apr 20100081.694.12$0
Mar 20100178.394.39$4
Feb 20100373.585.44$16
Jan 201002274.365.96$131
Dec 200906671.445.48$362
Nov 200905174.593.75$191
Oct 200902672.544.11$107
Sep 200904465.543.06$135
Aug 200904467.423.22$142
Jul 200904061.133.46$139
Jun 200906066.163.90$234
May 2009020054.743.93$785
Apr 200906546.773.59$233
Mar 200905542.144.06$223
Feb 200903432.814.63$158
Jan 200904335.865.37$231
Dec 200802437.105.98$143
Nov 2008019455.496.86$1,331
Oct 200805775.246.92$395
Sep 2008066101.767.88$520
Aug 200805114.228.48$42
Jul 200800131.0811.39$0
Jun 20080174131.3313.03$2,268
May 2008035123.1711.57$405
Apr 2008046110.3110.45$481
Mar 2008047101.909.66$454
Feb 200808692.538.77$754
Jan 200808390.388.21$681
Dec 2007013888.337.30$1,008
Nov 200718720791.677.29$18,652
Oct 2007149882.856.92$3,530
Sep 200704675.846.24$287
Aug 200706169.066.39$390
Jul 200703670.906.39$230
Jun 2007011362.007.55$853
May 200703058.747.85$235
Apr 200705659.617.81$437
Mar 2007012956.927.30$942
Feb 200702255.108.22$181
Jan 200703650.306.73$242
Dec 200605956.656.92$408
Nov 2006807654.207.62$4,915
Oct 2006011854.906.01$710
Sep 2006010860.085.04$544
Aug 200609368.717.34$683
Jul 2006011569.376.34$729
Jun 2006012366.286.38$785
May 200609066.016.42$578
Apr 20067316464.397.36$5,908
Mar 200608856.707.08$623
Feb 200629657.597.75$859
Jan 2006011160.598.93$992
Dec 2005010054.9413.42$1,342
Nov 2005013254.6910.59$1,398
Oct 2005012458.3413.80$1,711
Sep 2005021761.4512.08$2,621
Aug 200519516361.519.80$13,591
Jul 200506955.697.84$541
Jun 200502452.337.38$177
May 2005114745.226.65$1,023
Apr 2005010049.207.36$736
Mar 200507750.377.15$551
Feb 200508745.226.31$549
Jan 2005110943.166.32$732
Dec 200407439.866.75$500
Nov 200408445.286.33$532
Oct 200420216149.706.52$11,088
Sep 2004018543.245.28$978
Aug 200406642.375.55$366
Jul 2004016138.286.08$980
Jun 2004021236.106.43$1,364
May 2004028837.486.49$1,870
Apr 2004044934.475.86$2,630
Mar 200403534.365.53$194
Feb 20040432.455.51$22
Jan 2004017432.036.30$1,096
Dec 20035423830.266.30$3,134
Nov 2003045028.804.60$2,068
Oct 2003015528.174.76$738
Sep 2003037726.314.75$1,791
Aug 20032009429.765.13$6,434
Jul 2003020129.415.17$1,039
Jun 2003025128.565.98$1,502
May 2003036426.595.97$2,174
Apr 2003037126.675.41$2,006
Mar 2003029731.146.10$1,811
Feb 2003024833.487.93$1,966
Jan 200318425830.315.58$7,017
Dec 2002036526.914.85$1,772
Nov 2002033024.664.14$1,365
Oct 2002029026.464.23$1,226
Sep 200217928127.443.64$5,933
Aug 2002026825.963.16$848
Jul 2002036824.583.06$1,127
Jun 2002032723.733.34$1,092
May 2002024824.663.58$889
Apr 2002032123.653.51$1,127
Mar 200218029322.003.10$4,869
Feb 2002025718.222.38$611
Jan 2002028117.172.38$668
Dec 2001033316.932.36$787
Nov 200118329018.072.41$4,004
Oct 2001029619.782.53$749
Sep 200118176424.262.25$6,111
Aug 20010024.873.05$0
Jul 2001044223.933.20$1,413
Jun 2001048024.563.82$1,836
May 200117653825.524.31$6,809
Apr 2001060624.685.34$3,233
Mar 2001848624.545.38$2,809
Feb 2001051327.755.77$2,959

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.

Nov 2012 — as filed, then multipliedworked
Oil                  194 bbl  × $ 86.95 =    $16,868
Casinghead gas        71 Mcf  × $  3.62 =       $257

────────────────────────────────────────────────────
Month total                                  $17,126

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/23946 is the state's own key, not one this site invented.