FRANKS OL

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 23950District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$2.8 M
Feb 2001 – May 2026
Value, last 12 filed months
$15 k
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
OilDisposition27,732 bbl$1,578,651
Casinghead gasProduction276,749 Mcf$1,195,869
Total$2,774,520

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 30.5418, -96.1312. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.54184, -96.13116 · 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
14,401 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 14,401 ft.

Completions filed
Dec 1994
1 of 1 wells

1 well

42-185304731H14,401 ftDec 1994

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 202602106.413.05$6
Apr 202609898.932.87$281
Mar 20260089.753.15$0
Feb 20260563.503.75$19
Jan 202601059.138.00$80
Dec 2025012256.664.41$538
Nov 2025020058.593.93$785
Oct 2025014059.383.30$463
Sep 2025010162.743.08$311
Aug 202518411863.933.01$12,119
Jul 202509366.743.32$308
Jun 202506366.483.13$197
May 202504860.553.23$155
Apr 2025222562.363.54$922
Mar 2025034467.704.27$1,468
Feb 2025012770.884.34$551
Jan 2025023274.324.28$993
Dec 2024027968.993.12$871
Nov 2024039369.052.20$864
Oct 2024062771.372.28$1,430
Sep 202419253769.612.36$14,635
Aug 2024031075.632.06$640
Jul 2024018579.932.15$397
Jun 2024023678.082.63$622
May 2024028478.812.20$624
Apr 2024045684.451.66$757
Mar 2024042080.301.55$649
Feb 2024052076.091.78$927
Jan 2024063273.023.30$2,084
Dec 2023064471.262.61$1,681
Nov 202319057377.892.81$16,408
Oct 2023066985.443.09$2,065
Sep 2023042989.042.74$1,173
Aug 2023040080.522.67$1,069
Jul 202319524274.852.64$15,235
Jun 202303368.962.26$75
May 2023017470.622.23$388
Apr 202302778.122.24$60
Mar 2023015772.852.39$376
Feb 2023026375.112.47$648
Jan 2023035176.533.39$1,189
Dec 2022027976.415.73$1,598
Nov 2022044885.005.65$2,530
Oct 2022040887.185.86$2,392
Sep 2022062484.888.16$5,094
Aug 202219247394.529.13$22,465
Jul 20220948101.587.54$7,150
Jun 20220865115.097.98$6,900
May 202201,114109.378.43$9,394
Apr 20221974104.226.84$6,764
Mar 2022196979108.885.08$26,310
Feb 2022182191.054.86$4,080
Jan 2022390181.844.54$4,334
Dec 202121,34271.323.90$5,375
Nov 20211931,16277.435.24$21,029
Oct 202101,37079.795.71$7,828
Sep 202101,26469.865.35$6,764
Aug 20211861,25566.024.22$17,577
Jul 202101,04570.783.98$4,161
Jun 202119188169.493.38$16,251
May 2021081463.483.02$2,456
Apr 2021080560.362.76$2,221
Mar 202119387261.302.72$14,200
Feb 2021032257.805.55$1,786
Jan 202101,03950.412.81$2,920
Dec 202019195344.642.68$11,076
Nov 2020085238.772.71$2,306
Oct 202001,14436.972.48$2,835
Sep 20201701,09937.091.99$8,493
Aug 202061,35939.982.39$3,481
Jul 20201921,59838.371.83$10,284
Jun 202001,40234.901.69$2,370
May 20201421,10716.921.81$4,412
Apr 20202051,09414.751.80$4,998
Mar 20203851,06530.341.86$13,658
Feb 202019334549.881.98$10,310
Jan 202019054557.252.09$12,019
Dec 20193931,65459.012.30$27,002
Nov 201921594355.302.75$14,483
Oct 20193791,78753.472.42$24,587
Sep 20195751,23255.052.66$34,928
Aug 20192038853.112.30$1,956
Jul 2019060256.272.46$1,481
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 201906856.803.06$208
Feb 201905050.852.79$140
Jan 201903446.033.23$110
Dec 201806746.594.19$280
Nov 2018015452.934.24$653
Oct 201819335961.443.40$13,078
Sep 20181931,30559.543.11$15,547
Aug 2018081359.403.07$2,493
Jul 20181906865.142.93$12,576
Jun 201803360.183.08$102
May 201806065.382.90$174
Apr 201807563.842.90$218
Mar 201802961.222.79$81
Feb 201806561.782.77$180
Jan 201807062.874.01$281
Dec 201709957.272.92$289
Nov 2017010255.423.12$318
Oct 2017012149.292.98$361
Sep 2017020347.523.09$627
Aug 20171921,72845.373.00$13,903
Jul 20170443.873.09$12
Jun 201702942.493.09$90
May 201703945.373.26$127
Apr 201703947.933.21$125
Mar 201707646.772.98$227
Feb 201707050.452.95$207
Jan 201703849.413.42$130
Dec 201607348.763.72$272
Nov 201607342.492.64$193
Oct 201607046.193.09$216
Sep 201606541.553.10$202
Aug 201618516941.442.92$8,161
Jul 201617762941.622.92$9,206
Jun 201609545.352.69$255
May 2016013842.521.99$275
Apr 2016019636.561.99$390
Mar 2016029433.011.79$527
Feb 2016020226.472.06$417
Jan 2016033227.352.36$785
Dec 2015084632.362.00$1,693
Nov 2015049038.792.17$1,062
Oct 201501,09043.552.43$2,645
Sep 20151931,47742.992.76$12,371
Aug 201519237840.162.87$8,797
Jul 2015023448.152.95$689
Jun 2015023856.152.88$686
May 2015024355.212.96$718
Apr 2015088649.822.71$2,398
Mar 2015067642.892.93$1,984
Feb 2015063144.662.98$1,878
Jan 2015071543.433.10$2,217
Dec 2014075754.693.59$2,719
Nov 2014078370.464.25$3,329
Oct 201419497978.303.90$19,009
Sep 201401,02786.164.05$4,155
Aug 201401,14189.394.04$4,604
Jul 20141951,21596.564.18$23,907
Jun 2014077198.164.74$3,652
May 2014097194.734.73$4,589
Apr 20141911,06795.944.81$23,456
Mar 201401,06095.895.06$5,360
Feb 201401,21797.406.19$7,536
Jan 201419180690.404.86$21,184
Dec 201301,02291.824.35$4,450
Nov 20131931,07088.853.74$21,148
Oct 201301,08897.423.78$4,112
Sep 201301,103104.113.72$4,101
Aug 201301,168104.253.52$4,114
Jul 20131881,237102.523.72$23,873
Jun 201301,10394.403.93$4,339
May 20131891,12294.834.15$22,578
Apr 201301,20693.964.28$5,165
Mar 20131961,11993.623.91$22,728
Feb 2013085091.233.42$2,907
Jan 201301,23391.603.42$4,217
Dec 20121881,33086.773.42$20,862
Nov 20121941,37786.953.62$21,860
Oct 201201,39089.383.40$4,726
Sep 20121941,33694.672.92$22,265
Aug 201201,44792.662.91$4,208
Jul 20121931,37985.133.02$20,596
Jun 201201,35679.822.52$3,416
May 20121941,36091.612.49$21,156
Apr 20121951,585101.652.00$22,987
Mar 201201,451105.052.22$3,224
Feb 20121971,473101.102.57$23,703
Jan 201201,68698.092.73$4,610
Dec 20111971,90496.873.24$25,252
Nov 20111991,79795.723.31$24,999
Oct 201102,44184.983.65$8,906
Sep 20111941,65583.623.99$22,819
Aug 201101,97883.404.15$8,207
Jul 20111952,26994.144.52$28,607
Jun 20111942,35892.904.64$28,963
May 20111932,53498.134.40$30,101
Apr 201102,521105.964.33$10,924
Mar 20113932,64396.364.06$48,593
Feb 201102,50085.644.18$10,450
Jan 20111922,65586.504.59$28,791
Dec 20101972,90085.734.35$29,497
Nov 20101913,20180.843.80$27,589
Oct 20103873,87778.103.51$43,829
Sep 20101934,35272.633.98$31,336
Aug 20101944,39373.684.42$33,708
Jul 20103904,49972.554.74$49,604
Jun 20101964,28870.364.91$34,846
May 20101914,61371.124.24$33,121
Apr 20103894,45781.694.12$50,152
Mar 20101924,46378.394.39$34,638
Feb 20101923,88573.585.44$35,271
Jan 20101944,68474.365.96$42,362
Dec 20093874,49771.445.48$52,308
Nov 20093854,63074.593.75$46,087
Oct 20093924,33472.544.11$46,250
Sep 200902,00565.543.06$6,145
Aug 2009072967.423.22$2,346
Jul 20093920461.133.46$3,091
Jun 200918015166.163.90$12,497
May 2009038954.743.93$1,527
Apr 2009039046.773.59$1,399
Mar 20091721,08942.144.06$11,668
Feb 20092001,50332.814.63$13,525
Jan 20092111,92235.865.37$17,890
Dec 20081981,44937.105.98$16,007
Nov 20081921,54155.496.86$21,226
Oct 2008121,19875.246.92$9,195
Sep 2008163607101.767.88$21,368
Aug 2008210547114.228.48$28,626
Jul 2008181731131.0811.39$32,051
Jun 20085722131.3313.03$10,066
May 20085506123.1711.57$6,472
Apr 20080198110.3110.45$2,070
Mar 2008027101.909.66$261
Feb 20080392.538.77$26
Jan 20080490.388.21$33
Dec 20070388.337.30$22
Nov 2007016991.677.29$1,232
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 200705670.906.39$358
Jun 2007022562.007.55$1,698
May 2007122158.747.85$1,793
Apr 2007018859.617.81$1,467
Mar 2007033256.927.30$2,424
Feb 2007042455.108.22$3,484
Jan 200720068250.306.73$14,648
Dec 2006298156.656.92$6,900
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 200602868.717.34$206
Jul 20060069.376.34$0
Jun 20061205966.286.38$8,330
May 2006016666.016.42$1,067
Apr 200611344164.397.36$10,522
Mar 200616256956.707.08$13,216
Feb 200620556257.597.75$16,162
Jan 200615956960.598.93$14,717
Dec 2005083154.9413.42$11,148
Nov 200519786054.6910.59$19,880
Oct 2005147658.3413.80$6,625
Sep 200574061.4512.08$4,547
Aug 200520114661.519.80$13,794
Jul 2005052755.697.84$4,134
Jun 200519764952.337.38$15,099
May 200519966845.226.65$13,442
Apr 200501749.207.36$125
Mar 200501850.377.15$129
Feb 200506645.226.31$417
Jan 2005027943.166.32$1,764
Dec 200418473639.866.75$12,303
Nov 200419376445.286.33$13,575
Oct 200401,01249.706.52$6,593
Sep 200420586643.245.28$13,440
Aug 20041991,86042.375.55$18,756
Jul 20044021,57338.286.08$24,959
Jun 2004058436.106.43$3,757
May 200420453637.486.49$11,127
Apr 2004067934.475.86$3,978
Mar 20043534834.365.53$12,395
Feb 2004021332.455.51$1,174
Jan 2004049732.036.30$3,131
Dec 20032021,65430.266.30$16,535
Nov 20032001,53528.804.60$12,814
Oct 20034001,04028.174.76$16,218
Sep 20031981,53326.314.75$12,490
Aug 20031911,05829.765.13$11,111
Jul 20032001,10829.415.17$11,611
Jun 200301,63928.565.98$9,806
May 20033521,34126.595.97$17,369
Apr 20031841,66426.675.41$13,905
Mar 20033771,70231.146.10$22,115
Feb 20031841,74433.487.93$19,983
Jan 2003014630.315.58$815
Dec 200218220126.914.85$5,873
Nov 20021841,82024.664.14$12,067
Oct 20021841,41126.464.23$10,836
Sep 20021811,52227.443.64$10,499
Aug 20023552,90325.963.16$18,401
Jul 20021811,66124.583.06$9,535
Jun 2002068023.733.34$2,270
May 20023631,61424.663.58$14,736
Apr 20021791,41123.653.51$9,189
Mar 20023601,87022.003.10$13,722
Feb 20023522,20518.222.38$11,652
Jan 200218263417.172.38$4,631
Dec 20010016.932.36$0
Nov 200118063018.072.41$4,768
Oct 20011811,64219.782.53$7,733
Sep 200118492624.262.25$6,549
Aug 200117954624.873.05$6,119
Jul 200118045423.933.20$5,759
Jun 200135784824.563.82$12,011
May 2001040725.524.31$1,753
Apr 200136273624.685.34$12,861
Mar 200116862824.545.38$7,499
Feb 2001074727.755.77$4,308

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         2 Mcf  × $  3.05 =         $6

────────────────────────────────────────────────────
Month total                                       $6

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/23950 is the state's own key, not one this site invented.