OTTER 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 24270District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$8.2 M
Aug 2001 – May 2026
Value, last 12 filed months
$212 k
at the published price for each month
Months reported
298
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
OilDisposition140,369 bbl$7,396,899
Casinghead gasProduction161,211 Mcf$850,034
Total$8,246,933

Every month this lease reported (298)

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

298 months

May 2026357240106.413.05$38,719
Apr 202636324098.932.87$36,600
Mar 202651824889.753.15$47,272
Feb 20261746963.503.75$11,308
Jan 202635424859.138.00$22,916
Dec 202518024056.664.41$11,258
Nov 202516924058.593.93$10,844
Oct 202534624859.383.30$21,365
Sep 20251766462.743.08$11,239
Aug 20251063.933.01$64
Jul 20250066.743.32$0
Jun 2025015266.483.13$476
May 202517823260.553.23$11,528
Apr 202517123862.363.54$11,507
Mar 202535224467.704.27$24,872
Feb 202517922470.884.34$13,660
Jan 202535324874.324.28$27,296
Dec 202418224068.993.12$13,305
Nov 202434624069.052.20$24,419
Oct 202414424871.372.28$10,843
Sep 202436124069.612.36$25,697
Aug 202417324875.632.06$13,596
Jul 202417324879.932.15$14,360
Jun 202435124078.082.63$28,038
May 202417224878.812.20$14,101
Apr 202417924084.451.66$15,515
Mar 202418524880.301.55$15,239
Feb 202433823276.091.78$26,132
Jan 202435324873.023.30$26,594
Dec 202318422771.262.61$13,704
Nov 202335722477.892.81$28,436
Oct 202318024885.443.09$16,145
Sep 202317622889.042.74$16,295
Aug 202336024880.522.67$29,650
Jul 202335224574.852.64$26,994
Jun 202317820868.962.26$12,745
May 202317817270.622.23$12,953
Apr 202318411178.122.24$14,622
Mar 202317922672.852.39$13,581
Feb 202335422475.112.47$27,141
Jan 202335824876.533.39$28,238
Dec 202236324876.415.73$29,158
Nov 202235424085.005.65$31,445
Oct 202217824887.185.86$16,972
Sep 202235324084.888.16$31,922
Aug 202253224894.529.13$52,548
Jul 2022359248101.587.54$38,338
Jun 2022367240115.097.98$44,153
May 2022364167109.378.43$41,219
Apr 2022543240104.226.84$58,232
Mar 2022188248108.885.08$21,728
Feb 202218222491.054.86$17,659
Jan 202238024881.844.54$32,225
Dec 2021356071.323.90$25,390
Nov 2021182077.435.24$14,092
Oct 2021372079.795.71$29,682
Sep 2021364069.865.35$25,429
Aug 2021346066.024.22$22,843
Jul 2021351070.783.98$24,844
Jun 2021360069.493.38$25,016
May 2021172063.483.02$10,919
Apr 2021367060.362.76$22,152
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 20203593030.341.86$10,948
Feb 2020362049.881.98$18,057
Jan 20203617857.252.09$20,831
Dec 20191799659.012.30$10,784
Nov 20191711655.302.75$9,500
Oct 2019180053.472.42$9,625
Sep 2019188055.052.66$10,349
Aug 20193547053.112.30$18,962
Jul 2019175056.272.46$9,847
Jun 201907852.782.49$194
May 2019178058.482.74$10,409
Apr 20191746062.632.75$11,063
Mar 201935118356.803.06$20,497
Feb 201917320650.852.79$9,372
Jan 20191869546.033.23$8,868
Dec 2018194046.594.19$9,038
Nov 2018165052.934.24$8,733
Oct 2018367161.443.40$22,552
Sep 2018375059.543.11$22,328
Aug 201837342859.403.07$23,469
Jul 201838153165.142.93$26,375
Jun 201853870760.183.08$34,552
May 201809565.382.90$276
Apr 201808763.842.90$252
Mar 201838525061.222.79$24,266
Feb 20183781361.782.77$23,389
Jan 2018560062.874.01$35,207
Dec 20173795557.272.92$21,866
Nov 20179273055.423.12$51,468
Oct 20177472349.292.98$36,888
Sep 20171833047.523.09$8,789
Aug 20170345.373.00$9
Jul 20170643.873.09$19
Jun 201718825842.493.09$8,785
May 201718852045.373.26$10,227
Apr 201754968347.933.21$28,507
Mar 201735458646.772.98$18,305
Feb 201737262550.452.95$20,613
Jan 201752871649.413.42$28,536
Dec 201635676048.763.72$20,188
Nov 201636879042.492.64$17,725
Oct 201652990446.193.09$27,228
Sep 201635581641.553.10$17,280
Aug 201635792941.442.92$17,511
Jul 201654596341.622.92$25,499
Jun 201672583945.352.69$35,132
May 201618031542.521.99$8,281
Apr 201618338036.561.99$7,447
Mar 201619648333.011.79$7,336
Feb 201655084126.472.06$16,294
Jan 201637489327.352.36$12,340
Dec 20153811,00532.362.00$14,341
Nov 201555798338.792.17$23,737
Oct 201556487343.552.43$26,681
Sep 201536694442.992.76$18,338
Aug 201555895240.162.87$25,144
Jul 20153761,03648.152.95$21,156
Jun 20155551,11456.152.88$34,375
May 20153681,15455.212.96$23,728
Apr 20155451,20549.822.71$30,413
Mar 201556291342.892.93$26,784
Feb 201537186144.662.98$19,131
Jan 20155641,34743.433.10$28,671
Dec 20145351,40354.693.59$34,298
Nov 20145451,47570.464.25$44,672
Oct 20147281,51278.303.90$62,901
Sep 20145341,55686.164.05$52,304
Aug 20147331,57389.394.04$71,870
Jul 20147501,49796.564.18$78,677
Jun 20147251,88998.164.74$80,114
May 20147302,20794.734.73$79,584
Apr 20143491,14295.944.81$38,975
Mar 20149311,69795.895.06$97,855
Feb 20147261,30297.406.19$78,774
Jan 20149121,24690.404.86$88,501
Dec 20131,3032,17391.824.35$129,104
Nov 201336638288.853.74$33,947
Oct 20130097.423.78$0
Sep 20130201104.113.72$747
Aug 2013179289104.253.52$19,679
Jul 2013178224102.523.72$19,081
Jun 201318221994.403.93$18,042
May 201318022194.834.15$17,986
Apr 2013021693.964.28$925
Mar 201317422493.623.91$17,166
Feb 201336121491.233.42$33,666
Jan 2013034191.603.42$1,166
Dec 201218738486.773.42$17,539
Nov 201217844286.953.62$17,079
Oct 201217851689.383.40$17,664
Sep 201217936294.672.92$18,002
Aug 201218152492.662.91$18,295
Jul 201218370285.133.02$17,699
Jun 201218243279.822.52$15,615
May 201218347991.612.49$17,957
Apr 2012179397101.652.00$18,988
Mar 2012179399105.052.22$19,691
Feb 2012179338101.102.57$18,966
Jan 201237744898.092.73$38,205
Dec 2011041196.873.24$1,332
Nov 201119033395.723.31$19,289
Oct 201119138084.983.65$17,618
Sep 201118945883.623.99$17,630
Aug 201118755383.404.15$17,890
Jul 201137238594.144.52$36,759
Jun 201117938692.904.64$18,420
May 201118137398.134.40$19,405
Apr 2011194347105.964.33$22,060
Mar 201119433096.364.06$20,033
Feb 201118723585.644.18$16,997
Jan 201117829186.504.59$16,732
Dec 201017928985.734.35$16,602
Nov 201018033580.843.80$15,823
Oct 201019450578.103.51$16,923
Sep 201018555772.633.98$15,653
Aug 201017940673.684.42$14,983
Jul 201017941972.554.74$14,971
Jun 201018634270.364.91$14,766
May 201017741471.124.24$14,342
Apr 201035338881.694.12$30,436
Mar 201017839778.394.39$15,696
Feb 201018139773.585.44$15,479
Jan 201017644974.365.96$15,765
Dec 200917856171.445.48$15,793
Nov 200935858574.593.75$28,898
Oct 200917763072.544.11$15,429
Sep 200935866265.543.06$25,492
Aug 200917871067.423.22$14,286
Jul 200935758161.133.46$23,836
Jun 200918763866.163.90$14,857
May 200918058154.743.93$12,134
Apr 200937356546.773.59$19,472
Mar 200917957642.144.06$9,881
Feb 200935943332.814.63$13,785
Jan 200917862935.865.37$9,761
Dec 200835656137.105.98$16,561
Nov 200836552455.496.86$23,849
Oct 200818555575.246.92$17,761
Sep 2008375381101.767.88$41,161
Aug 2008366596114.228.48$46,860
Jul 2008377512131.0811.39$55,249
Jun 2008188374131.3313.03$29,564
May 2008378561123.1711.57$53,051
Apr 2008376727110.3110.45$49,077
Mar 2008385731101.909.66$46,296
Feb 200818970992.538.77$23,707
Jan 200856886890.388.21$58,458
Dec 200737798788.337.30$40,507
Nov 200737787591.677.29$40,940
Oct 200737788982.856.92$37,388
Sep 200737166375.846.24$32,277
Aug 200737579469.066.39$30,970
Jul 200757175370.906.39$45,294
Jun 200735980962.007.55$28,365
May 20075781,01058.747.85$41,876
Apr 200738290359.617.81$29,819
Mar 200757894556.927.30$39,800
Feb 200737897755.108.22$28,855
Jan 200755598750.306.73$34,556
Dec 20065481,11756.656.92$38,772
Nov 20065511,28454.207.62$39,645
Oct 20065461,33954.906.01$38,028
Sep 20065491,34560.085.04$39,759
Aug 20065431,41868.717.34$47,718
Jul 20065541,30869.376.34$46,727
Jun 20067361,38266.286.38$57,605
May 20065301,29066.016.42$43,274
Apr 20067101,22064.397.36$54,697
Mar 20065501,18656.707.08$39,585
Feb 20065571,19657.597.75$41,348
Jan 20067321,27660.598.93$55,751
Dec 20055601,43554.9413.42$50,018
Nov 20059171,31054.6910.59$64,022
Oct 20057251,61758.3413.80$64,604
Sep 20055431,19661.4512.08$47,814
Aug 20059261,33661.519.80$70,047
Jul 200572661955.697.84$45,286
Jun 20057311,38952.337.38$48,505
May 20058961,40645.226.65$49,869
Apr 20059071,48649.207.36$55,562
Mar 200591087050.377.15$52,061
Feb 200572173145.226.31$37,218
Jan 20057371,34843.166.32$40,331
Dec 20041,1021,13539.866.75$51,588
Nov 20049171,34145.286.33$50,011
Oct 20041,1301,36349.706.52$65,041
Sep 20049221,35643.245.28$47,032
Aug 20041,10570442.375.55$50,727
Jul 20041,1231,26438.286.08$50,679
Jun 20048991,01036.106.43$38,951
May 20041,11977937.486.49$46,999
Apr 200454638834.475.86$21,094
Mar 20041,3081,24734.365.53$51,839
Feb 20041,1091,10332.455.51$42,064
Jan 20041,2851,05832.036.30$47,824
Dec 20031,1141,03830.266.30$40,251
Nov 20031,2721,16528.804.60$41,987
Oct 20031,10195728.174.76$35,570
Sep 20031,11277826.314.75$32,952
Aug 200374332629.765.13$23,784
Jul 20031,27899829.415.17$42,746
Jun 20031,26894728.565.98$41,880
May 20031,4561,03326.595.97$44,885
Apr 20031,08488026.675.41$33,669
Mar 20031,63881531.146.10$55,976
Feb 20031,27866333.487.93$48,042
Jan 20031,27773730.315.58$42,820
Dec 20021,46871826.914.85$42,989
Nov 20021,46166724.664.14$38,788
Oct 20021,62461126.464.23$45,555
Sep 20021,64758327.443.64$47,313
Aug 20021,44545925.963.16$38,965
Jul 20021,41953324.583.06$36,511
Jun 20021,45235123.733.34$35,628
May 20021,64822024.663.58$41,428
Apr 20021,61419423.653.51$38,852
Mar 20021,63122822.003.10$36,589
Feb 20021,81617018.222.38$33,491
Jan 20021,95920117.172.38$34,114
Dec 20011,96518216.932.36$33,698
Nov 20011,62717718.072.41$29,826
Oct 20011,6342319.782.53$32,379
Sep 20012,0021324.262.25$48,598
Aug 200193544224.873.05$24,603

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                  357 bbl  × $106.41 =    $37,988
Casinghead gas       240 Mcf  × $  3.05 =       $731

────────────────────────────────────────────────────
Month total                                  $38,719

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/24270 is the state's own key, not one this site invented.