COLT UNIT NO. 1

Name: COLT UNIT NO. 1 lease production and value, May 2002 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 24197District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$5.9 M

May 2002 – May 2026

Value, last 12 filed months

$173 k

at the published price for each month

Months reported

289

no gaps in the span

Streams

oil, casinghead gas

The GIDDINGS (AUSTIN CHALK-3) field

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.

Stream	Basis	Volume	Value
Oil	Disposition	95,548 bbl	$5,335,334
Casinghead gas	Production	106,473 Mcf	$536,808
Total			$5,872,142

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 30.7057, -96.6912. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.70574, -96.69120 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

12,963 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 12,963 ft.

Completions filed

May 1999

1 of 1 wells

1 well


42-05133572	1	12,963 ft	May 1999	—	—

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 (289)

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

289 months


May 2026	179	272	106.41	3.05	$19,876
Apr 2026	180	445	98.93	2.87	$19,084
Mar 2026	179	293	89.75	3.15	$16,988
Feb 2026	173	380	63.50	3.75	$12,411
Jan 2026	177	464	59.13	8.00	$14,177
Dec 2025	179	496	56.66	4.41	$12,331
Nov 2025	175	480	58.59	3.93	$12,138
Oct 2025	0	496	59.38	3.30	$1,639
Sep 2025	185	480	62.74	3.08	$13,084
Aug 2025	178	496	63.93	3.01	$12,875
Jul 2025	178	496	66.74	3.32	$13,524
Jun 2025	355	476	66.48	3.13	$25,090
May 2025	178	493	60.55	3.23	$12,371
Apr 2025	174	473	62.36	3.54	$12,527
Mar 2025	359	496	67.70	4.27	$26,421
Feb 2025	167	448	70.88	4.34	$13,782
Jan 2025	179	326	74.32	4.28	$14,698
Dec 2024	878	492	68.99	3.12	$62,109
Nov 2024	0	323	69.05	2.20	$710
Oct 2024	2	248	71.37	2.28	$709
Sep 2024	1	216	69.61	2.36	$580
Aug 2024	0	207	75.63	2.06	$427
Jul 2024	177	175	79.93	2.15	$14,523
Jun 2024	175	204	78.08	2.63	$14,201
May 2024	350	248	78.81	2.20	$28,129
Apr 2024	356	228	84.45	1.66	$30,443
Mar 2024	536	448	80.30	1.55	$43,733
Feb 2024	177	368	76.09	1.78	$14,124
Jan 2024	527	272	73.02	3.30	$39,379
Dec 2023	508	424	71.26	2.61	$37,307
Nov 2023	182	437	77.89	2.81	$15,403
Oct 2023	701	461	85.44	3.09	$61,317
Sep 2023	716	480	89.04	2.74	$65,065
Aug 2023	355	406	80.52	2.67	$29,670
Jul 2023	353	246	74.85	2.64	$27,072
Jun 2023	706	180	68.96	2.26	$49,092
May 2023	344	176	70.62	2.23	$24,685
Apr 2023	0	0	78.12	2.24	$0
Mar 2023	0	12	72.85	2.39	$29
Feb 2023	0	199	75.11	2.47	$491
Jan 2023	0	180	76.53	3.39	$610
Dec 2022	0	89	76.41	5.73	$510
Nov 2022	0	240	85.00	5.65	$1,355
Oct 2022	180	248	87.18	5.86	$17,147
Sep 2022	0	240	84.88	8.16	$1,959
Aug 2022	173	248	94.52	9.13	$18,616
Jul 2022	0	248	101.58	7.54	$1,870
Jun 2022	175	240	115.09	7.98	$22,055
May 2022	0	248	109.37	8.43	$2,091
Apr 2022	183	240	104.22	6.84	$20,713
Mar 2022	0	248	108.88	5.08	$1,259
Feb 2022	175	224	91.05	4.86	$17,022
Jan 2022	0	248	81.84	4.54	$1,125
Dec 2021	514	0	71.32	3.90	$36,658
Nov 2021	0	0	77.43	5.24	$0
Oct 2021	182	0	79.79	5.71	$14,522
Sep 2021	0	0	69.86	5.35	$0
Aug 2021	179	0	66.02	4.22	$11,818
Jul 2021	0	0	70.78	3.98	$0
Jun 2021	168	0	69.49	3.38	$11,674
May 2021	173	0	63.48	3.02	$10,982
Apr 2021	0	0	60.36	2.76	$0
Mar 2021	173	0	61.30	2.72	$10,605
Feb 2021	165	1	57.80	5.55	$9,543
Jan 2021	361	0	50.41	2.81	$18,198
Dec 2020	338	0	44.64	2.68	$15,088
Nov 2020	173	0	38.77	2.71	$6,707
Oct 2020	348	0	36.97	2.48	$12,866
Sep 2020	0	0	37.09	1.99	$0
Aug 2020	182	0	39.98	2.39	$7,276
Jul 2020	0	0	38.37	1.83	$0
Jun 2020	0	0	34.90	1.69	$0
May 2020	0	0	16.92	1.81	$0
Apr 2020	345	0	14.75	1.80	$5,089
Mar 2020	181	15	30.34	1.86	$5,519
Feb 2020	355	88	49.88	1.98	$17,882
Jan 2020	181	163	57.25	2.09	$10,704
Dec 2019	0	200	59.01	2.30	$461
Nov 2019	190	204	55.30	2.75	$11,068
Oct 2019	180	209	53.47	2.42	$10,130
Sep 2019	177	224	55.05	2.66	$10,339
Aug 2019	176	187	53.11	2.30	$9,778
Jul 2019	0	21	56.27	2.46	$52
Jun 2019	157	1,456	52.78	2.49	$11,914
May 2019	167	87	58.48	2.74	$10,005
Apr 2019	1	116	62.63	2.75	$382
Mar 2019	166	134	56.80	3.06	$9,839
Feb 2019	168	165	50.85	2.79	$9,004
Jan 2019	253	127	46.03	3.23	$12,056
Dec 2018	2	106	46.59	4.19	$537
Nov 2018	168	167	52.93	4.24	$9,600
Oct 2018	192	105	61.44	3.40	$12,153
Sep 2018	193	66	59.54	3.11	$11,696
Aug 2018	188	193	59.40	3.07	$11,759
Jul 2018	0	211	65.14	2.93	$619
Jun 2018	179	69	60.18	3.08	$10,985
May 2018	187	110	65.38	2.90	$12,545
Apr 2018	0	149	63.84	2.90	$432
Mar 2018	182	200	61.22	2.79	$11,699
Feb 2018	183	154	61.78	2.77	$11,732
Jan 2018	191	179	62.87	4.01	$12,726
Dec 2017	189	177	57.27	2.92	$11,341
Nov 2017	0	177	55.42	3.12	$552
Oct 2017	190	201	49.29	2.98	$9,965
Sep 2017	186	220	47.52	3.09	$9,518
Aug 2017	177	234	45.37	3.00	$8,734
Jul 2017	184	216	43.87	3.09	$8,739
Jun 2017	191	228	42.49	3.09	$8,819
May 2017	0	231	45.37	3.26	$754
Apr 2017	188	204	47.93	3.21	$9,666
Mar 2017	180	140	46.77	2.98	$8,836
Feb 2017	186	156	50.45	2.95	$9,844
Jan 2017	183	191	49.41	3.42	$9,695
Dec 2016	181	170	48.76	3.72	$9,458
Nov 2016	179	201	42.49	2.64	$8,137
Oct 2016	178	249	46.19	3.09	$8,991
Sep 2016	181	235	41.55	3.10	$8,249
Aug 2016	179	253	41.44	2.92	$8,158
Jul 2016	178	272	41.62	2.92	$8,204
Jun 2016	177	165	45.35	2.69	$8,470
May 2016	1	146	42.52	1.99	$333
Apr 2016	177	233	36.56	1.99	$6,935
Mar 2016	356	250	33.01	1.79	$12,200
Feb 2016	0	111	26.47	2.06	$229
Jan 2016	184	169	27.35	2.36	$5,432
Dec 2015	180	172	32.36	2.00	$6,169
Nov 2015	189	200	38.79	2.17	$7,765
Oct 2015	193	215	43.55	2.43	$8,927
Sep 2015	181	237	42.99	2.76	$8,435
Aug 2015	189	242	40.16	2.87	$8,285
Jul 2015	1	229	48.15	2.95	$723
Jun 2015	190	227	56.15	2.88	$11,323
May 2015	195	218	55.21	2.96	$11,410
Apr 2015	181	204	49.82	2.71	$9,570
Mar 2015	180	216	42.89	2.93	$8,354
Feb 2015	178	245	44.66	2.98	$8,679
Jan 2015	181	244	43.43	3.10	$8,617
Dec 2014	181	275	54.69	3.59	$10,887
Nov 2014	187	263	70.46	4.25	$14,294
Oct 2014	182	210	78.30	3.90	$15,070
Sep 2014	178	222	86.16	4.05	$16,235
Aug 2014	179	208	89.39	4.04	$16,840
Jul 2014	332	236	96.56	4.18	$33,044
Jun 2014	1	332	98.16	4.74	$1,671
May 2014	372	340	94.73	4.73	$36,847
Apr 2014	189	319	95.94	4.81	$19,667
Mar 2014	184	330	95.89	5.06	$19,313
Feb 2014	177	295	97.40	6.19	$19,066
Jan 2014	172	338	90.40	4.86	$17,192
Dec 2013	183	326	91.82	4.35	$18,223
Nov 2013	178	322	88.85	3.74	$17,019
Oct 2013	180	337	97.42	3.78	$18,809
Sep 2013	180	341	104.11	3.72	$20,008
Aug 2013	180	342	104.25	3.52	$19,970
Jul 2013	174	359	102.52	3.72	$19,173
Jun 2013	358	334	94.40	3.93	$35,109
May 2013	180	339	94.83	4.15	$18,476
Apr 2013	179	328	93.96	4.28	$18,224
Mar 2013	178	325	93.62	3.91	$17,936
Feb 2013	178	268	91.23	3.42	$17,155
Jan 2013	358	285	91.60	3.42	$33,767
Dec 2012	178	306	86.77	3.42	$16,492
Nov 2012	190	278	86.95	3.62	$17,528
Oct 2012	178	306	89.38	3.40	$16,950
Sep 2012	178	210	94.67	2.92	$17,464
Aug 2012	193	367	92.66	2.91	$18,951
Jul 2012	353	396	85.13	3.02	$31,247
Jun 2012	192	427	79.82	2.52	$16,401
May 2012	179	420	91.61	2.49	$17,443
Apr 2012	367	388	101.65	2.00	$38,080
Mar 2012	180	391	105.05	2.22	$19,778
Feb 2012	186	368	101.10	2.57	$19,750
Jan 2012	367	383	98.09	2.73	$37,046
Dec 2011	179	346	96.87	3.24	$18,461
Nov 2011	179	382	95.72	3.31	$18,399
Oct 2011	357	399	84.98	3.65	$31,794
Sep 2011	185	430	83.62	3.99	$17,184
Aug 2011	181	451	83.40	4.15	$16,967
Jul 2011	360	363	94.14	4.52	$35,530
Jun 2011	177	359	92.90	4.64	$18,109
May 2011	359	402	98.13	4.40	$36,999
Apr 2011	179	404	105.96	4.33	$20,717
Mar 2011	181	410	96.36	4.06	$19,105
Feb 2011	383	361	85.64	4.18	$34,309
Jan 2011	190	403	86.50	4.59	$18,284
Dec 2010	183	387	85.73	4.35	$17,371
Nov 2010	370	296	80.84	3.80	$31,034
Oct 2010	184	369	78.10	3.51	$15,665
Sep 2010	359	401	72.63	3.98	$27,670
Aug 2010	179	487	73.68	4.42	$15,341
Jul 2010	182	491	72.55	4.74	$15,530
Jun 2010	362	454	70.36	4.91	$27,700
May 2010	182	477	71.12	4.24	$14,964
Apr 2010	358	450	81.69	4.12	$31,100
Mar 2010	358	434	78.39	4.39	$29,968
Feb 2010	179	396	73.58	5.44	$15,326
Jan 2010	364	456	74.36	5.96	$29,787
Dec 2009	178	446	71.44	5.48	$15,162
Nov 2009	357	447	74.59	3.75	$28,306
Oct 2009	179	457	72.54	4.11	$14,863
Sep 2009	356	509	65.54	3.06	$24,892
Aug 2009	358	558	67.42	3.22	$25,932
Jul 2009	359	573	61.13	3.46	$23,931
Jun 2009	182	434	66.16	3.90	$13,732
May 2009	371	540	54.74	3.93	$22,428
Apr 2009	364	521	46.77	3.59	$18,893
Mar 2009	379	533	42.14	4.06	$18,135
Feb 2009	180	480	32.81	4.63	$8,130
Jan 2009	368	530	35.86	5.37	$16,043
Dec 2008	379	585	37.10	5.98	$17,558
Nov 2008	384	538	55.49	6.86	$24,999
Oct 2008	193	573	75.24	6.92	$18,488
Sep 2008	577	489	101.76	7.88	$62,567
Aug 2008	194	626	114.22	8.48	$27,469
Jul 2008	382	586	131.08	11.39	$56,747
Jun 2008	387	495	131.33	13.03	$57,276
May 2008	385	602	123.17	11.57	$54,388
Apr 2008	390	575	110.31	10.45	$49,032
Mar 2008	386	584	101.90	9.66	$44,977
Feb 2008	383	548	92.53	8.77	$40,245
Jan 2008	355	549	90.38	8.21	$36,590
Dec 2007	582	577	88.33	7.30	$55,621
Nov 2007	195	549	91.67	7.29	$21,879
Oct 2007	581	592	82.85	6.92	$52,234
Sep 2007	384	583	75.84	6.24	$32,763
Aug 2007	574	635	69.06	6.39	$43,697
Jul 2007	355	636	70.90	6.39	$29,232
Jun 2007	558	611	62.00	7.55	$39,208
May 2007	362	715	58.74	7.85	$26,874
Apr 2007	755	1,160	59.61	7.81	$54,060
Mar 2007	556	932	56.92	7.30	$38,453
Feb 2007	759	1,063	55.10	8.22	$50,555
Jan 2007	2	68	50.30	6.73	$558
Dec 2006	741	398	56.65	6.92	$44,731
Nov 2006	557	541	54.20	7.62	$34,310
Oct 2006	739	646	54.90	6.01	$44,456
Sep 2006	741	635	60.08	5.04	$47,718
Aug 2006	923	724	68.71	7.34	$68,733
Jul 2006	1,102	388	69.37	6.34	$78,907
Jun 2006	149	47	66.28	6.38	$10,176
May 2006	0	133	66.01	6.42	$855
Apr 2006	371	807	64.39	7.36	$29,829
Mar 2006	190	833	56.70	7.08	$16,673
Feb 2006	377	730	57.59	7.75	$27,370
Jan 2006	367	818	60.59	8.93	$29,544
Dec 2005	179	367	54.94	13.42	$14,758
Nov 2005	553	209	54.69	10.59	$32,457
Oct 2005	184	241	58.34	13.80	$14,059
Sep 2005	185	339	61.45	12.08	$15,463
Aug 2005	371	345	61.51	9.80	$26,200
Jul 2005	368	310	55.69	7.84	$22,925
Jun 2005	358	364	52.33	7.38	$21,421
May 2005	361	361	45.22	6.65	$18,725
Apr 2005	362	324	49.20	7.36	$20,195
Mar 2005	370	440	50.37	7.15	$21,785
Feb 2005	363	401	45.22	6.31	$18,946
Jan 2005	371	339	43.16	6.32	$18,156
Dec 2004	362	288	39.86	6.75	$16,374
Nov 2004	364	303	45.28	6.33	$18,400
Oct 2004	367	350	49.70	6.52	$20,520
Sep 2004	374	313	43.24	5.28	$17,826
Aug 2004	532	434	42.37	5.55	$24,950
Jul 2004	361	375	38.28	6.08	$16,101
Jun 2004	542	266	36.10	6.43	$21,277
May 2004	364	260	37.48	6.49	$15,331
Apr 2004	568	251	34.47	5.86	$21,049
Mar 2004	1,107	487	34.36	5.53	$40,730
Feb 2004	0	144	32.45	5.51	$793
Jan 2004	567	206	32.03	6.30	$19,459
Dec 2003	941	187	30.26	6.30	$29,653
Nov 2003	367	283	28.80	4.60	$11,870
Oct 2003	1,291	236	28.17	4.76	$37,491
Sep 2003	1,470	701	26.31	4.75	$42,005
Aug 2003	1,843	1,310	29.76	5.13	$61,568
Jul 2003	1,883	415	29.41	5.17	$57,525
Jun 2003	1,287	1,275	28.56	5.98	$44,385
May 2003	732	1,103	26.59	5.97	$26,052
Apr 2003	1,133	773	26.67	5.41	$34,397
Mar 2003	1,273	1,342	31.14	6.10	$47,822
Feb 2003	3,656	2,262	33.48	7.93	$140,331
Jan 2003	1,469	1,571	30.31	5.58	$53,295
Dec 2002	1,288	1,284	26.91	4.85	$40,892
Nov 2002	1,289	1,099	24.66	4.14	$36,333
Oct 2002	1,292	1,208	26.46	4.23	$39,295
Sep 2002	1,286	911	27.44	3.64	$38,600
Aug 2002	1,473	1,319	25.96	3.16	$42,413
Jul 2002	1,483	1,041	24.58	3.06	$39,639
Jun 2002	1,845	1,106	23.73	3.34	$47,474
May 2002	711	924	24.66	3.58	$20,845

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                  179 bbl  × $106.41 =    $19,047
Casinghead gas       272 Mcf  × $  3.05 =       $828

────────────────────────────────────────────────────
Month total                                  $19,876

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/24197 is the state's own key, not one this site invented.