SCHMIDT

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 24030District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$8.0 M
Jun 2001 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
300
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
OilDisposition133,523 bbl$5,281,966
Casinghead gasProduction611,236 Mcf$2,715,460
Total$7,997,426

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 29.8718, -97.0530. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.87181, -97.05300 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,061 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
1100.0%
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.
00.0%

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 9,061 ft.

Completions filed
Jun 2001
1 of 1 wells

1 well

42-149331101H9,061 ftJun 2001Yes

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 (300)

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

300 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 2025026366.743.32$872
Jun 2025028066.483.13$876
May 2025030860.553.23$996
Apr 2025062562.363.54$2,214
Mar 20250067.704.27$0
Feb 202503570.884.34$152
Jan 2025020274.324.28$864
Dec 2024028268.993.12$880
Nov 2024028369.052.20$622
Oct 2024030471.372.28$694
Sep 2024029969.612.36$707
Aug 2024032375.632.06$667
Jul 2024032579.932.15$698
Jun 2024031478.082.63$827
May 2024033278.812.20$730
Apr 2024029284.451.66$484
Mar 2024026080.301.55$402
Feb 2024029476.091.78$524
Jan 2024029573.023.30$973
Dec 2023033571.262.61$875
Nov 2023019077.892.81$533
Oct 2023010485.443.09$321
Sep 2023013289.042.74$361
Aug 202314331880.522.67$12,364
Jul 2023135774.852.64$1,018
Jun 202318139468.962.26$13,372
May 2023137570.622.23$906
Apr 202316626478.122.24$13,559
Mar 2023017372.852.39$414
Feb 202305975.112.47$145
Jan 20232576.533.39$170
Dec 20220776.415.73$40
Nov 20220085.005.65$0
Oct 20220887.185.86$47
Sep 2022178384.888.16$15,133
Aug 202226494.529.13$773
Jul 2022154101.587.54$509
Jun 2022155115.097.98$554
May 2022164109.378.43$649
Apr 2022037104.226.84$253
Mar 2022045108.885.08$228
Feb 202204191.054.86$199
Jan 202216381.844.54$368
Dec 20210371.323.90$12
Nov 20210077.435.24$0
Oct 20210479.795.71$23
Sep 2021157069.865.35$10,968
Aug 202115566.024.22$298
Jul 202115570.783.98$290
Jun 202105769.493.38$193
May 202115263.483.02$220
Apr 202115860.362.76$220
Mar 202138061.302.72$401
Feb 202108557.805.55$472
Jan 202117110650.412.81$8,918
Dec 2020119944.642.68$577
Nov 2020012538.772.71$338
Oct 2020113336.972.48$367
Sep 2020010337.091.99$205
Aug 2020017839.982.39$425
Jul 2020113438.371.83$283
Jun 202037134.901.69$225
May 202026516.921.81$152
Apr 20201816614.751.80$2,789
Mar 202067530.341.86$321
Feb 202027649.881.98$250
Jan 2020119757.252.09$470
Dec 2019119059.012.30$497
Nov 2019012855.302.75$352
Oct 20191718353.472.42$9,344
Sep 201919255.052.66$300
Aug 2019212653.112.30$397
Jul 2019120756.272.46$566
Jun 201917114652.782.49$9,389
May 2019118358.482.74$560
Apr 201918118062.632.75$11,831
Mar 2019122556.803.06$746
Feb 2019119150.852.79$584
Jan 201917319946.033.23$8,606
Dec 2018217046.594.19$805
Nov 201817219652.934.24$9,934
Oct 2018114361.443.40$547
Sep 2018016559.543.11$513
Aug 201817321559.403.07$10,936
Jul 2018125365.142.93$807
Jun 201818117760.183.08$11,437
May 2018118365.382.90$596
Apr 201818214163.842.90$12,028
Mar 2018027961.222.79$778
Feb 201816962061.782.77$12,156
Jan 2018167062.874.01$2,749
Dec 2017060357.272.92$1,762
Nov 201717141855.423.12$10,780
Oct 2017423949.292.98$910
Sep 201716830947.523.09$8,937
Aug 2017116945.373.00$553
Jul 201717026943.873.09$8,288
Jun 2017134642.493.09$1,111
May 2017142145.373.26$1,419
Apr 201716744247.933.21$9,424
Mar 201716636346.772.98$8,847
Feb 2017016550.452.95$487
Jan 201716751149.413.42$9,998
Dec 201616449348.763.72$9,832
Nov 2016143742.492.64$1,198
Oct 201616753546.193.09$9,367
Sep 201616150641.553.10$8,258
Aug 201617150141.442.92$8,551
Jul 201617058541.622.92$8,786
Jun 201616064045.352.69$8,975
May 2016348042.521.99$1,083
Apr 201616350836.561.99$6,971
Mar 201617052333.011.79$6,550
Feb 201617954326.472.06$5,859
Jan 2016260127.352.36$1,476
Dec 201517857932.362.00$6,919
Nov 201516349038.792.17$7,385
Oct 201518448143.552.43$9,180
Sep 2015246142.992.76$1,358
Aug 201518451940.162.87$8,880
Jul 201517355248.152.95$9,956
Jun 201517347956.152.88$11,095
May 201517162055.212.96$11,273
Apr 201517055349.822.71$9,966
Mar 201517133842.892.93$8,326
Feb 201516338444.662.98$8,422
Jan 201517249543.433.10$9,005
Dec 201415844154.693.59$10,225
Nov 201417743870.464.25$14,334
Oct 201417142678.303.90$15,051
Sep 201416645786.164.05$16,151
Aug 201417837989.394.04$17,441
Jul 201416731496.564.18$17,438
Jun 201416950398.164.74$18,972
May 201435155994.734.73$35,892
Apr 201417460895.944.81$19,618
Mar 201418057495.895.06$20,163
Feb 201418056897.406.19$21,049
Jan 201435864990.404.86$35,518
Dec 201318177391.824.35$19,985
Nov 201317582688.853.74$18,637
Oct 20134261,38797.423.78$46,743
Sep 20133541,702104.113.72$43,183
Aug 20135241,423104.253.52$59,640
Jul 2013173437102.523.72$19,361
Jun 20131732294.403.93$16,418
May 201317321694.834.15$17,302
Apr 2013016493.964.28$702
Mar 201334421793.623.91$33,054
Feb 20131752391.233.42$16,044
Jan 20131725591.603.42$15,943
Dec 201217782586.773.42$18,180
Nov 20123371,12086.953.62$33,362
Oct 201233182789.383.40$32,396
Sep 201235447694.672.92$34,902
Aug 201237039092.662.91$35,418
Jul 201217921585.133.02$15,888
Jun 201217331379.822.52$14,597
May 201216629791.612.49$15,946
Apr 2012177242101.652.00$18,475
Mar 2012177343105.052.22$19,356
Feb 2012176409101.102.57$18,845
Jan 201216397798.092.73$18,660
Dec 20111821,05396.873.24$21,042
Nov 201136095395.723.31$37,615
Oct 201117615484.983.65$15,518
Sep 2011017083.623.99$678
Aug 201118284383.404.15$18,677
Jul 201135396394.144.52$37,582
Jun 20111741,01392.904.64$20,865
May 201117898098.134.40$21,784
Apr 20113521,011105.964.33$41,679
Mar 20111771,20796.364.06$21,953
Feb 20111761,27385.644.18$20,394
Jan 20111791,33286.504.59$21,596
Dec 20103561,78585.734.35$38,281
Nov 20101821,34380.843.80$19,810
Oct 201034794378.103.51$30,410
Sep 2010130272.633.98$1,274
Aug 201033441973.684.42$26,461
Jul 201019266672.554.74$17,084
Jun 201017678870.364.91$16,253
May 201018260071.124.24$15,485
Apr 201017559881.694.12$16,761
Mar 20101761,13978.394.39$18,795
Feb 20103571,77673.585.44$35,934
Jan 20101861,40374.365.96$22,199
Dec 20091851,67771.445.48$22,413
Nov 20091791,70274.593.75$19,737
Oct 20091791,66472.544.11$19,824
Sep 20093591,63765.543.06$28,546
Aug 20091821,75767.423.22$17,925
Jul 20093521,96761.133.46$28,332
Jun 20091781,89266.163.90$19,146
May 20093541,85654.743.93$26,664
Apr 20093552,06646.773.59$24,015
Mar 20091782,48642.144.06$17,592
Feb 20095412,57532.814.63$29,680
Jan 20093602,96335.865.37$28,824
Dec 20083742,39837.105.98$28,209
Nov 20083672,10255.496.86$34,785
Oct 20083721,85175.246.92$40,802
Sep 20083681,472101.767.88$49,043
Aug 20081861,629114.228.48$35,064
Jul 20083771,925131.0811.39$71,342
Jun 20081921,811131.3313.03$48,817
May 20083631,803123.1711.57$65,579
Apr 2008187463110.3110.45$25,469
Mar 2008183760101.909.66$25,992
Feb 20083551,15192.538.77$42,943
Jan 20083721,61490.388.21$46,865
Dec 200718092188.337.30$22,625
Nov 200718299091.677.29$23,903
Oct 20073611,11382.856.92$37,613
Sep 20071801,16875.846.24$20,944
Aug 20075443,02569.066.39$56,892
Jul 20073672,77270.906.39$43,728
Jun 20071842,67062.007.55$31,562
May 20073622,76758.747.85$42,975
Apr 20073642,54359.617.81$41,547
Mar 20075422,33256.927.30$47,879
Feb 20073621,87155.108.22$35,318
Jan 20073641,56950.306.73$28,864
Dec 20063562,23356.656.92$35,616
Nov 20065282,56654.207.62$48,164
Oct 20065363,07454.906.01$47,913
Sep 20063572,96260.085.04$36,369
Aug 20065323,46268.717.34$61,965
Jul 20063603,93469.376.34$49,926
Jun 20065313,20166.286.38$55,629
May 20067063,76066.016.42$70,761
Apr 20065373,38164.397.36$59,463
Mar 20065393,96556.707.08$58,645
Feb 20065453,24357.597.75$56,523
Jan 20065433,55460.598.93$64,649
Dec 20057183,31254.9413.42$83,879
Nov 20053612,90254.6910.59$50,471
Oct 20057182,68858.3413.80$78,971
Sep 20055432,19861.4512.08$59,917
Aug 20053591,56161.519.80$37,375
Jul 20055501,86555.697.84$45,258
Jun 20053612,04252.337.38$33,963
May 20055372,57245.226.65$41,390
Apr 20055442,27749.207.36$43,525
Mar 20057222,41550.377.15$53,646
Feb 20055412,63445.226.31$41,090
Jan 20055393,14243.166.32$43,128
Dec 20047203,38739.866.75$51,565
Nov 20045293,72145.286.33$47,509
Oct 20047013,66749.706.52$58,731
Sep 20045413,57743.245.28$42,293
Aug 20047253,59642.375.55$50,678
Jul 20045433,50938.286.08$42,135
Jun 20043552,53036.106.43$29,091
May 20045343,05837.486.49$39,875
Apr 20045402,93034.475.86$35,779
Mar 20043592,63234.365.53$26,891
Feb 20045402,61732.455.51$31,942
Jan 20043582,58832.036.30$27,770
Dec 20038845,36630.266.30$60,564
Nov 20035302,50628.804.60$26,779
Oct 20038844,36428.174.76$45,673
Sep 20039413,73526.314.75$42,497
Aug 20031,1403,96629.765.13$54,271
Jul 20037674,55529.415.17$46,111
Jun 20039445,41328.565.98$59,346
May 20039516,33026.595.97$63,094
Apr 20037595,26426.675.41$48,706
Mar 20039575,76531.146.10$64,945
Feb 20035524,90533.487.93$57,357
Jan 20039665,51430.315.58$60,059
Dec 20029586,04026.914.85$55,096
Nov 20021,1386,55324.664.14$55,173
Oct 20029576,87126.464.23$54,381
Sep 20021,2797,37727.443.64$61,913
Aug 20021,4467,86025.963.16$62,408
Jul 20021,3238,54824.583.06$58,691
Jun 20021,6359,98123.733.34$72,118
May 20021,99710,06324.663.58$85,312
Apr 20022,24810,34923.653.51$89,514
Mar 20022,46311,49822.003.10$89,861
Feb 20022,2619,54818.222.38$63,878
Jan 20023,03612,21217.172.38$81,140
Dec 20012,82013,89816.932.36$80,603
Nov 20013,68820,52318.072.41$116,011
Oct 20014,47726,30919.782.53$155,087
Sep 20016,75837,14824.262.25$247,581
Aug 200111,39149,19724.873.05$433,500
Jul 200118,78646,64923.933.20$598,690
Jun 20014,0284,74324.563.82$117,066

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.

Jul 2025 — as filed, then multipliedworked
Oil                    0 bbl  × $ 66.74 =         $0
Casinghead gas       263 Mcf  × $  3.32 =       $872

────────────────────────────────────────────────────
Month total                                     $872

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/24030 is the state's own key, not one this site invented.