LAPIS UNIT

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 23987District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$4.1 M
Mar 2001 – May 2026
Value, last 12 filed months
$495
at the published price for each month
Months reported
303
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
OilDisposition26,883 bbl$1,469,289
Casinghead gasProduction528,121 Mcf$2,662,822
Total$4,132,111

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 30.1034, -96.7042. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.10338, -96.70424 · 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
11,680 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 11,680 ft.

Completions filed
Mar 2001
1 of 1 wells

1 well

42-149328991 H11,680 ftMar 2001

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 (303)

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

303 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20261089.753.15$90
Feb 202601063.503.75$38
Jan 20260059.138.00$0
Dec 20251056.664.41$57
Nov 202505458.593.93$212
Oct 202503059.383.30$99
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 202535067.704.27$2,370
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 2024117478.812.20$9,230
Apr 20240384.451.66$5
Mar 202412880.301.55$124
Feb 20241776.091.78$89
Jan 20242473.023.30$159
Dec 20231971.262.61$95
Nov 202311977.892.81$131
Oct 202326985.443.09$384
Sep 202305289.042.74$142
Aug 20230980.522.67$24
Jul 202306774.852.64$177
Jun 202312668.962.26$128
May 202303870.622.23$85
Apr 202303778.122.24$83
Mar 202313172.852.39$147
Feb 202324375.112.47$256
Jan 202304876.533.39$163
Dec 202224376.415.73$399
Nov 202215585.005.65$396
Oct 202216687.185.86$474
Sep 202217284.888.16$673
Aug 202207494.529.13$675
Jul 2022035101.587.54$264
Jun 20220106115.097.98$846
May 20221110109.378.43$1,037
Apr 202220104.226.84$208
Mar 20221158108.885.08$911
Feb 2022215091.054.86$911
Jan 2022119581.844.54$967
Dec 2021126371.323.90$1,097
Nov 2021227977.435.24$1,616
Oct 2021212879.795.71$891
Sep 2021011269.865.35$599
Aug 2021226966.024.22$1,267
Jul 202118152370.783.98$14,894
Jun 2021023869.493.38$805
May 202116762163.483.02$12,475
Apr 2021253960.362.76$1,608
Mar 202118063261.302.72$12,751
Feb 2021054257.805.55$3,007
Jan 202118073350.412.81$11,134
Dec 202018067944.642.68$9,852
Nov 2020135238.772.71$991
Oct 202013236.972.48$116
Sep 202007337.091.99$145
Aug 2020056739.982.39$1,352
Jul 202018071638.371.83$8,213
Jun 2020099334.901.69$1,678
May 202004816.921.81$87
Apr 202014360114.751.80$3,194
Mar 20202065930.341.86$1,830
Feb 2020763649.881.98$1,609
Jan 202017665657.252.09$11,450
Dec 2019270459.012.30$1,740
Nov 201918048555.302.75$11,288
Oct 2019270453.472.42$1,810
Sep 2019478755.052.66$2,311
Aug 2019873653.112.30$2,121
Jul 201918067756.272.46$11,794
Jun 2019030652.782.49$762
May 2019147558.482.74$1,360
Apr 2019587462.632.75$2,717
Mar 2019693356.803.06$3,198
Feb 201918983550.852.79$11,942
Jan 2019484146.033.23$2,899
Dec 2018675846.594.19$3,452
Nov 2018768852.934.24$3,286
Oct 2018210761.443.40$486
Sep 2018564959.543.11$2,315
Aug 2018151059.403.07$1,623
Jul 2018040565.142.93$1,187
Jun 20187222560.183.08$5,025
May 2018013665.382.90$395
Apr 2018022663.842.90$656
Mar 2018022561.222.79$627
Feb 201808061.782.77$221
Jan 2018022662.874.01$906
Dec 201718033857.272.92$11,296
Nov 2017036255.423.12$1,129
Oct 2017063749.292.98$1,901
Sep 2017060047.523.09$1,852
Aug 2017067145.373.00$2,016
Jul 2017083443.873.09$2,575
Jun 2017388042.493.09$2,844
May 2017190845.373.26$3,009
Apr 201718478547.933.21$11,340
Mar 2017070846.772.98$2,112
Feb 20179967650.452.95$6,991
Jan 2017066249.413.42$2,263
Dec 2016057148.763.72$2,126
Nov 201602,92542.492.64$7,735
Oct 201603,42946.193.09$10,597
Sep 201603,37741.553.10$10,471
Aug 201602,48041.442.92$7,252
Jul 20161892,23341.622.92$14,396
Jun 201602,26245.352.69$6,075
May 201603,07142.521.99$6,114
Apr 201602,82936.561.99$5,633
Mar 201603,15033.011.79$5,651
Feb 201602,30926.472.06$4,765
Jan 201612,68227.352.36$6,369
Dec 20151842,50432.362.00$10,966
Nov 201502,60738.792.17$5,650
Oct 201523,12943.552.43$7,680
Sep 201513,13742.992.76$8,696
Aug 2015153,37340.162.87$10,291
Jul 20151942,81248.152.95$17,623
Jun 201532,71956.152.88$8,007
May 201542,80455.212.96$8,508
Apr 201522,44949.822.71$6,728
Mar 201562,75442.892.93$8,340
Feb 20151912,91744.662.98$17,212
Jan 201533,18643.433.10$10,009
Dec 201403,42354.693.59$12,293
Nov 201402,85070.464.25$12,118
Oct 201401,72578.303.90$6,729
Sep 20141882,57086.164.05$26,595
Aug 201402,58989.394.04$10,447
Jul 201403,06496.564.18$12,806
Jun 20141913,51898.164.74$35,413
May 201403,10994.734.73$14,695
Apr 201402,88095.944.81$13,850
Mar 20141923,14795.895.06$34,325
Feb 201403,50697.406.19$21,709
Jan 20141784,34990.404.86$37,230
Dec 20131964,79191.824.35$38,859
Nov 2013124,46088.853.74$17,739
Oct 20131943,56997.423.78$32,388
Sep 201353,001104.113.72$11,677
Aug 201302,896104.253.52$10,201
Jul 20131923,339102.523.72$32,097
Jun 201303,40994.403.93$13,409
May 201303,22494.834.15$13,377
Apr 20131912,11293.964.28$26,991
Mar 201302,89093.623.91$11,308
Feb 20131922,31991.233.42$25,447
Jan 201303,28591.603.42$11,234
Dec 20121983,37086.773.42$28,706
Nov 201223,20386.953.62$11,785
Oct 20121963,38189.383.40$29,013
Sep 201233,03994.672.92$9,153
Aug 201232,80192.662.91$8,424
Jul 20121932,99585.133.02$25,477
Jun 201232,56079.822.52$6,688
May 201253,15091.612.49$8,296
Apr 20121923,030101.652.00$25,567
Mar 201253,469105.052.22$8,234
Feb 201203,556101.102.57$9,140
Jan 20121972,91698.092.73$27,296
Dec 201192,77196.873.24$9,849
Nov 20111962,43295.723.31$26,814
Oct 201111,92984.983.65$7,123
Sep 201112,04783.623.99$8,243
Aug 201122,01383.404.15$8,519
Jul 20111872,86594.144.52$30,546
Jun 201122,49592.904.64$11,762
May 20111952,39698.134.40$29,689
Apr 201142,970105.964.33$13,294
Mar 201111,86796.364.06$7,671
Feb 201119320985.644.18$17,402
Jan 201111,07386.504.59$5,010
Dec 20101951,25485.734.35$22,169
Nov 201032,11580.843.80$8,270
Oct 201022,11878.103.51$7,588
Sep 20101842,04872.633.98$21,514
Aug 201001,99973.684.42$8,834
Jul 20101851,90272.554.74$22,431
Jun 201042,43570.364.91$12,238
May 20101962,61071.124.24$24,993
Apr 20101931,71081.694.12$22,816
Mar 201022,34978.394.39$10,466
Feb 201011,02573.585.44$5,652
Jan 20101831,84174.365.96$24,588
Dec 20091942,08271.445.48$25,277
Nov 200932,50274.593.75$9,610
Oct 20091922,56472.544.11$24,466
Sep 20091962,51865.543.06$20,563
Aug 20091952,43667.423.22$20,987
Jul 20091892,67661.133.46$20,825
Jun 200922,62766.163.90$10,364
May 20091932,93254.743.93$22,075
Apr 200932,01646.773.59$7,373
Mar 200921,92442.144.06$7,894
Feb 200918896932.814.63$10,658
Jan 200911,00435.865.37$5,428
Dec 200831,56637.105.98$9,472
Nov 20081911,29855.496.86$19,503
Oct 200821,40575.246.92$9,876
Sep 20081831,311101.767.88$28,949
Aug 200801,457114.228.48$12,360
Jul 20081881,570131.0811.39$42,524
Jun 200811,325131.3313.03$17,400
May 20081911,168123.1711.57$37,044
Apr 200821,276110.3110.45$13,561
Mar 200801,135101.909.66$10,969
Feb 20081821,15092.538.77$26,927
Jan 200801,03390.388.21$8,477
Dec 20071881,18488.337.30$25,252
Nov 20071711,18191.677.29$24,287
Oct 200701,12582.856.92$7,787
Sep 20071791,44375.846.24$22,586
Aug 200721,61969.066.39$10,480
Jul 20071951,91970.906.39$26,084
Jun 200721,73762.007.55$13,236
May 20071881,80758.747.85$25,221
Apr 20071791,89059.617.81$25,422
Mar 200702,08356.927.30$15,210
Feb 20071771,70055.108.22$23,720
Jan 20071991,88950.306.73$22,717
Dec 200611,85256.656.92$12,870
Nov 20061922,06154.207.62$26,106
Oct 200602,11954.906.01$12,743
Sep 20061802,08460.085.04$21,312
Aug 20061902,98368.717.34$34,950
Jul 20061853,28169.376.34$33,644
Jun 20061913,40766.286.38$34,409
May 200603,23466.016.42$20,778
Apr 20061822,65864.397.36$31,283
Mar 200603,28856.707.08$23,289
Feb 20063663,19857.597.75$45,866
Jan 20061754,13960.598.93$47,578
Dec 20051894,41254.9413.42$69,572
Nov 20051854,32854.6910.59$55,944
Oct 20053064,22658.3413.80$76,153
Sep 20051444,21561.4512.08$59,762
Aug 20051494,69261.519.80$55,132
Jul 20051854,62855.697.84$46,603
Jun 20051604,79052.337.38$43,728
May 20053585,24845.226.65$51,094
Apr 20051826,08049.207.36$53,706
Mar 200576,63750.377.15$47,840
Feb 20053416,58145.226.31$56,959
Jan 20053686,99843.166.32$60,126
Dec 20043428,26539.866.75$69,430
Nov 20048817,65545.286.33$88,351
Oct 20041,0576,58749.706.52$95,448
Sep 20047234,27743.245.28$53,862
Aug 20043496,76442.375.55$52,332
Jul 20043325,16038.286.08$44,103
Jun 20043725,21536.106.43$46,977
May 20041826,93237.486.49$51,842
Apr 20043736,21534.475.86$49,268
Mar 20043704,22134.365.53$36,056
Feb 20045553,36732.455.51$36,561
Jan 20043774,54232.036.30$40,688
Dec 2003829330.266.30$3,067
Nov 2003049828.804.60$2,288
Oct 20031791,24128.174.76$10,949
Sep 20031851,48926.314.75$11,939
Aug 20031911,83729.765.13$15,107
Jul 20031802,07229.415.17$16,008
Jun 20031781,10528.565.98$11,695
May 200301,01526.595.97$6,062
Apr 200318879026.675.41$9,286
Mar 200318293431.146.10$11,361
Feb 2003097133.487.93$7,696
Jan 200318369430.315.58$9,421
Dec 2002089026.914.85$4,320
Nov 200218639824.664.14$6,233
Oct 2002098026.464.23$4,145
Sep 200217889627.443.64$8,141
Aug 2002196725.963.16$3,086
Jul 200218893124.583.06$7,472
Jun 2002089023.733.34$2,971
May 20021851,22524.663.58$8,953
Apr 20021811,08423.653.51$8,088
Mar 20021861,10922.003.10$7,533
Feb 2002097818.222.38$2,323
Jan 20021891,30817.172.38$6,353
Dec 20013611,30816.932.36$9,204
Nov 20011841,38018.072.41$6,645
Oct 20011811,51219.782.53$7,404
Sep 20011791,73824.262.25$8,255
Aug 20011791,72224.873.05$9,709
Jul 20011811,70423.933.20$9,779
Jun 20011801,44124.563.82$9,931
May 20013651,50225.524.31$15,784
Apr 2001941,35724.685.34$9,560
Mar 200101,32924.545.38$7,145

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.

Mar 2026 — as filed, then multipliedworked
Oil                    1 bbl  × $ 89.75 =        $90
Casinghead gas         0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                      $90

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/23987 is the state's own key, not one this site invented.