BLUE RIBBON UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the GIDDINGS (BUDA) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 24331District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$13.4 M
Oct 2002 – May 2026
Value, last 12 filed months
$107 k
at the published price for each month
Months reported
284
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 598 leases and 630 wells, and the rule below applies to all of them.

Discovered
1977-03-26
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1997-05-16.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858.

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
OilDisposition217,549 bbl$12,806,152
Casinghead gasProduction124,858 Mcf$601,260
Total$13,407,412

Every month this lease reported (284)

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

284 months

May 2026179248106.413.05$19,803
Apr 202617924098.932.87$18,397
Mar 2026124889.753.15$871
Feb 202616422463.503.75$11,254
Jan 2026020059.138.00$1,600
Dec 202511124856.664.41$7,384
Nov 202517023658.593.93$10,887
Oct 202517423759.383.30$11,115
Sep 2025124062.743.08$801
Aug 202517424463.933.01$11,859
Jul 202516924866.743.32$12,101
Jun 2025024066.483.13$751
May 202517624060.553.23$11,433
Apr 202517124062.363.54$11,514
Mar 202517824867.704.27$13,109
Feb 2025020970.884.34$907
Jan 202518011174.324.28$13,853
Dec 2024023468.993.12$730
Nov 202417924069.052.20$12,888
Oct 202417623671.372.28$13,100
Sep 202417014369.612.36$12,172
Aug 202417824875.632.06$13,974
Jul 2024023879.932.15$511
Jun 202417316078.082.63$13,929
May 202417620178.812.20$14,312
Apr 202418224084.451.66$15,768
Mar 2024024880.301.55$383
Feb 202417623276.091.78$13,806
Jan 202436324873.023.30$27,324
Dec 202316124871.262.61$12,120
Nov 202318224077.892.81$14,850
Oct 202316124085.443.09$14,497
Sep 2023178889.042.74$15,871
Aug 202316319680.522.67$13,649
Jul 202316824874.852.64$13,230
Jun 202372324068.962.26$50,400
May 202335111670.622.23$25,046
Apr 202302378.122.24$51
Mar 202317521672.852.39$13,266
Feb 202316720875.112.47$13,056
Jan 202335524876.533.39$28,008
Dec 202218220476.415.73$15,075
Nov 202218323685.005.65$16,888
Oct 202236024887.185.86$32,839
Sep 202219024084.888.16$18,086
Aug 202218124894.529.13$19,372
Jul 2022352248101.587.54$37,627
Jun 2022352240115.097.98$42,426
May 20220104109.378.43$877
Apr 202200104.226.84$0
Mar 2022173176108.885.08$19,730
Feb 2022022491.054.86$1,088
Jan 202217924881.844.54$15,775
Dec 2021184071.323.90$13,123
Nov 2021176077.435.24$13,628
Oct 2021177079.795.71$14,123
Sep 20210069.865.35$0
Aug 2021359066.024.22$23,701
Jul 2021189070.783.98$13,377
Jun 2021538069.493.38$37,386
May 2021351063.483.02$22,281
Apr 2021174060.362.76$10,503
Mar 2021360061.302.72$22,068
Feb 2021164057.805.55$9,479
Jan 2021369050.412.81$18,601
Dec 2020361044.642.68$16,115
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 2020183037.091.99$6,787
Aug 2020535039.982.39$21,389
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 2020355014.751.80$5,236
Mar 2020549030.341.86$16,657
Feb 2020358049.881.98$17,857
Jan 2020529057.252.09$30,285
Dec 2019487059.012.30$28,738
Nov 2019881055.302.75$48,719
Oct 2019503553.472.42$26,908
Sep 201901055.052.66$27
Aug 20195294153.112.30$28,190
Jul 20193411956.272.46$19,235
Jun 2019352152.782.49$18,581
May 2019181058.482.74$10,585
Apr 2019361062.632.75$22,609
Mar 2019373056.803.06$21,186
Feb 2019184550.852.79$9,370
Jan 2019144046.033.23$6,628
Dec 2018161046.594.19$7,501
Nov 2018181052.934.24$9,580
Oct 20180061.443.40$0
Sep 20187364059.543.11$43,946
Aug 201838011059.403.07$22,909
Jul 20185604465.142.93$36,607
Jun 20183731860.183.08$22,503
May 2018191365.382.90$12,496
Apr 20181792863.842.90$11,509
Mar 20181961261.222.79$12,033
Feb 20181702261.782.77$10,563
Jan 20183565462.874.01$22,598
Dec 201736710457.272.92$21,322
Nov 201737716855.423.12$21,417
Oct 201735913749.292.98$18,104
Sep 201756240947.523.09$27,969
Aug 201755553545.373.00$26,788
Jul 201774252543.873.09$34,172
Jun 201776247642.493.09$33,847
May 201777364245.373.26$37,166
Apr 201791351647.933.21$45,417
Mar 201755133146.772.98$26,758
Feb 201767731850.452.95$35,094
Jan 201764836749.413.42$33,272
Dec 201665832548.763.72$33,294
Nov 201666245142.492.64$29,321
Oct 201667245046.193.09$32,430
Sep 201673148441.553.10$31,874
Aug 201673547741.442.92$31,853
Jul 201674635941.622.92$32,098
Jun 201672037845.352.69$33,667
May 201671944942.521.99$31,466
Apr 201690350836.561.99$34,025
Mar 20161,14654833.011.79$38,813
Feb 201693735226.472.06$25,529
Jan 20161903327.352.36$5,275
Dec 201594550432.362.00$31,589
Nov 201576348138.792.17$30,639
Oct 201574873143.552.43$34,349
Sep 201575556142.992.76$34,005
Aug 201575757140.162.87$32,041
Jul 201574758548.152.95$37,691
Jun 201574259256.152.88$43,370
May 201574360055.212.96$42,794
Apr 201595564849.822.71$49,332
Mar 201574872142.892.93$34,198
Feb 201595971744.662.98$44,963
Jan 201597581443.433.10$44,868
Dec 201495788454.693.59$55,513
Nov 201458696970.464.25$45,410
Oct 20141,3391,00778.303.90$108,772
Sep 20147721,03486.164.05$70,699
Aug 20141,34195589.394.04$123,726
Jul 20141,3151,07696.564.18$131,474
Jun 20141,1331,18198.164.74$116,810
May 20141,5141,25894.734.73$149,367
Apr 20141,7121,15995.944.81$169,823
Mar 20141,5071,33095.895.06$151,232
Feb 20141,5141,46997.406.19$156,560
Jan 20141,7241,77890.404.86$164,492
Dec 20131,8792,87891.824.35$185,062
Nov 20132,7681,84188.853.74$252,819
Oct 20134,3571,20297.423.78$429,002
Sep 20132,637963104.113.72$278,118
Aug 20131,047461104.253.52$110,774
Jul 2013765534102.523.72$80,413
Jun 201357031594.403.93$55,047
May 201356341994.834.15$55,128
Apr 20131,12155293.964.28$107,693
Mar 20132,99458793.623.91$282,595
Feb 20132,45557391.233.42$225,929
Jan 20132,61272591.603.42$241,739
Dec 20121,50943986.773.42$132,437
Nov 2012215186.953.62$721
Oct 201256432789.383.40$51,522
Sep 201252928194.672.92$50,901
Aug 201237437392.662.91$35,740
Jul 201238372985.133.02$34,807
Jun 201256243279.822.52$45,947
May 201236636591.612.49$34,438
Apr 2012564374101.652.00$58,077
Mar 2012554390105.052.22$59,064
Feb 2012197221101.102.57$20,485
Jan 201255330298.092.73$55,069
Dec 201138037796.873.24$38,032
Nov 201155536595.723.31$54,333
Oct 201157445684.983.65$50,442
Sep 201137330483.623.99$32,402
Aug 201156739383.404.15$48,918
Jul 201119341394.144.52$20,035
Jun 201137639692.904.64$36,768
May 201156838998.134.40$57,451
Apr 2011576378105.964.33$62,671
Mar 201156939996.364.06$56,448
Feb 201136240585.644.18$32,695
Jan 201139237786.504.59$35,638
Dec 201056742185.734.35$50,439
Nov 201074643180.843.80$61,942
Oct 201037337978.103.51$30,461
Sep 201075343672.633.98$56,425
Aug 201036644973.684.42$28,951
Jul 201056841972.554.74$43,193
Jun 201057440970.364.91$42,395
May 201074341471.124.24$54,596
Apr 201037443081.694.12$32,325
Mar 201071441778.394.39$57,801
Feb 201055839973.585.44$43,229
Jan 201056232674.365.96$43,735
Dec 200972745271.445.48$54,416
Nov 200937044074.593.75$29,249
Oct 200956243672.544.11$42,560
Sep 200952947465.543.06$36,123
Aug 200973355567.423.22$51,205
Jul 200972762961.133.46$46,621
Jun 200976953066.163.90$52,941
May 200977663454.743.93$44,967
Apr 20091,14760746.773.59$55,823
Mar 200979572442.144.06$36,440
Feb 200996867932.814.63$34,906
Jan 20091,9541,01735.865.37$75,533
Dec 200880327337.105.98$31,423
Nov 200819810355.496.86$11,694
Oct 200859141075.246.92$47,305
Sep 2008379274101.767.88$40,725
Aug 2008581349114.228.48$69,322
Jul 2008585347131.0811.39$80,634
Jun 2008593323131.3313.03$82,088
May 2008394371123.1711.57$52,823
Apr 2008595361110.3110.45$69,409
Mar 2008592372101.909.66$63,920
Feb 200859330992.538.77$57,580
Jan 200858526590.388.21$55,047
Dec 200779931888.337.30$72,898
Nov 200740026391.677.29$38,586
Oct 200756630982.856.92$49,032
Sep 200758131775.846.24$46,042
Aug 200777132969.066.39$55,347
Jul 200756834470.906.39$42,469
Jun 200759532362.007.55$39,328
May 200777732958.747.85$48,222
Apr 200759235159.617.81$38,029
Mar 200778631856.927.30$47,061
Feb 200756722855.108.22$33,115
Jan 200760625750.306.73$32,211
Dec 200676029556.656.92$45,095
Nov 200676731454.207.62$43,963
Oct 200676737654.906.01$44,369
Sep 200675735060.085.04$47,244
Aug 200672938968.717.34$52,945
Jul 200675938769.376.34$55,106
Jun 200675935566.286.38$52,573
May 200694537466.016.42$64,782
Apr 200658136964.397.36$40,127
Mar 200693640056.707.08$55,904
Feb 200675926857.597.75$45,788
Jan 200694532060.598.93$60,116
Dec 200592938654.9413.42$56,218
Nov 200574121454.6910.59$42,791
Oct 20051,11345758.3413.80$71,237
Sep 200574930661.4512.08$49,722
Aug 200593543461.519.80$61,764
Jul 200592145455.697.84$54,852
Jun 20051,29857352.337.38$72,154
May 20059264245.226.65$42,153
Apr 200592414349.207.36$46,513
Mar 20051,10743850.377.15$58,893
Feb 20051,07930645.226.31$50,724
Jan 20051,30453843.166.32$59,682
Dec 20041,12825239.866.75$46,663
Nov 20041,29957445.286.33$62,452
Oct 20041,27652249.706.52$66,818
Sep 20041,47266243.245.28$67,147
Aug 20041,67070842.375.55$74,688
Jul 20041,48699638.286.08$62,944
Jun 20041,8651,17036.106.43$74,853
May 20042,2711,27037.486.49$93,365
Apr 20042,6091,82034.475.86$100,595
Mar 20042,21891034.365.53$81,243
Feb 20041,8801,09532.455.51$67,039
Jan 20042,6001,54532.036.30$93,011
Dec 20032,4321,47130.266.30$82,862
Nov 20032,6192,33028.804.60$86,134
Oct 20033,4802,70928.174.76$110,925
Sep 20033,8093,10426.314.75$114,957
Aug 20034,4873,63029.765.13$152,154
Jul 20037,3062,28229.415.17$226,669
Jun 20031,27013628.565.98$37,085
May 20031,12692126.595.97$35,441
Apr 20031,89199726.675.41$55,824
Mar 20031,96199431.146.10$67,125
Feb 20032,51581133.487.93$90,630
Jan 20037,4042,43430.315.58$238,002
Dec 20023,70179626.914.85$103,458
Nov 20020024.664.14$0
Oct 20020026.464.23$0

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       248 Mcf  × $  3.05 =       $755

────────────────────────────────────────────────────
Month total                                  $19,803

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/24331 is the state's own key, not one this site invented.