KELLY UNIT

Name: KELLY UNIT lease production and value, Aug 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 24344District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$3.1 M

Aug 2002 – Jan 2019

Value, last 12 filed months

at the published price for each month

Months reported

198

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	30,344 bbl	$1,678,723
Casinghead gas	Production	259,429 Mcf	$1,402,417
Total			$3,081,141

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 29.9333, -97.0402. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.93331, -97.04021 · 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

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

8,606 ft

1 wells filed one

Completion to plug

19 months

median over 1 well

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

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 8,606 ft.

Completions filed

Jan 2017

1 of 1 wells

Plug dates filed

Aug 2018

1 of 1 wells

Last completion to plug: a median of 19 months across the 1 well that filed both dates, with the middle half between 19 months and 19 months. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-14930929	1	8,606 ft	Jan 2017	Aug 2018	Yes

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 (198)

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

198 months


Jan 2019	0	0	46.03	3.23	$0
Dec 2018	0	0	46.59	4.19	$0
Nov 2018	0	0	52.93	4.24	$0
Oct 2018	0	0	61.44	3.40	$0
Sep 2018	0	0	59.54	3.11	$0
Aug 2018	0	0	59.40	3.07	$0
Jul 2018	0	0	65.14	2.93	$0
Jun 2018	0	0	60.18	3.08	$0
May 2018	0	0	65.38	2.90	$0
Apr 2018	0	0	63.84	2.90	$0
Mar 2018	0	0	61.22	2.79	$0
Feb 2018	0	0	61.78	2.77	$0
Jan 2018	0	0	62.87	4.01	$0
Dec 2017	0	0	57.27	2.92	$0
Nov 2017	0	0	55.42	3.12	$0
Oct 2017	0	0	49.29	2.98	$0
Sep 2017	0	0	47.52	3.09	$0
Aug 2017	0	0	45.37	3.00	$0
Jul 2017	0	0	43.87	3.09	$0
Jun 2017	0	0	42.49	3.09	$0
May 2017	0	0	45.37	3.26	$0
Apr 2017	0	0	47.93	3.21	$0
Mar 2017	0	0	46.77	2.98	$0
Feb 2017	0	0	50.45	2.95	$0
Jan 2017	0	0	49.41	3.42	$0
Dec 2016	37	0	48.76	3.72	$1,804
Nov 2016	0	1	42.49	2.64	$3
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	0	41.55	3.10	$0
Aug 2016	0	0	41.44	2.92	$0
Jul 2016	0	0	41.62	2.92	$0
Jun 2016	181	57	45.35	2.69	$8,361
May 2016	0	0	42.52	1.99	$0
Apr 2016	0	0	36.56	1.99	$0
Mar 2016	0	329	33.01	1.79	$590
Feb 2016	189	917	26.47	2.06	$6,895
Jan 2016	191	410	27.35	2.36	$6,193
Dec 2015	0	62	32.36	2.00	$124
Nov 2015	0	70	38.79	2.17	$152
Oct 2015	194	249	43.55	2.43	$9,053
Sep 2015	0	247	42.99	2.76	$681
Aug 2015	0	3	40.16	2.87	$9
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	184	2	56.15	2.88	$10,337
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	95	49.82	2.71	$257
Mar 2015	0	223	42.89	2.93	$654
Feb 2015	179	304	44.66	2.98	$8,899
Jan 2015	183	321	43.43	3.10	$8,943
Dec 2014	186	441	54.69	3.59	$11,756
Nov 2014	0	355	70.46	4.25	$1,509
Oct 2014	184	17	78.30	3.90	$14,474
Sep 2014	0	93	86.16	4.05	$376
Aug 2014	0	517	89.39	4.04	$2,086
Jul 2014	0	898	96.56	4.18	$3,753
Jun 2014	190	250	98.16	4.74	$19,835
May 2014	0	69	94.73	4.73	$326
Apr 2014	0	146	95.94	4.81	$702
Mar 2014	0	20	95.89	5.06	$101
Feb 2014	0	253	97.40	6.19	$1,567
Jan 2014	0	782	90.40	4.86	$3,801
Dec 2013	195	1,117	91.82	4.35	$22,769
Nov 2013	189	1,649	88.85	3.74	$22,957
Oct 2013	0	2,130	97.42	3.78	$8,050
Sep 2013	176	1,466	104.11	3.72	$23,774
Aug 2013	0	2,402	104.25	3.52	$8,461
Jul 2013	359	2,404	102.52	3.72	$45,742
Jun 2013	192	2,158	94.40	3.93	$26,613
May 2013	0	2,209	94.83	4.15	$9,165
Apr 2013	171	1,440	93.96	4.28	$22,234
Mar 2013	0	1,988	93.62	3.91	$7,779
Feb 2013	195	2,129	91.23	3.42	$25,071
Jan 2013	194	2,354	91.60	3.42	$25,821
Dec 2012	0	2,543	86.77	3.42	$8,697
Nov 2012	192	2,575	86.95	3.62	$26,029
Oct 2012	185	2,698	89.38	3.40	$25,708
Sep 2012	0	2,343	94.67	2.92	$6,838
Aug 2012	187	2,341	92.66	2.91	$24,135
Jul 2012	0	2,480	85.13	3.02	$7,492
Jun 2012	192	2,280	79.82	2.52	$21,069
May 2012	0	2,233	91.61	2.49	$5,556
Apr 2012	191	2,488	101.65	2.00	$24,383
Mar 2012	0	2,526	105.05	2.22	$5,613
Feb 2012	174	2,128	101.10	2.57	$23,061
Jan 2012	0	2,045	98.09	2.73	$5,591
Dec 2011	197	1,733	96.87	3.24	$24,698
Nov 2011	194	2,194	95.72	3.31	$25,835
Oct 2011	0	2,306	84.98	3.65	$8,414
Sep 2011	181	2,004	83.62	3.99	$23,123
Aug 2011	0	2,174	83.40	4.15	$9,021
Jul 2011	0	1,610	94.14	4.52	$7,273
Jun 2011	192	1,327	92.90	4.64	$23,994
May 2011	0	1,586	98.13	4.40	$6,986
Apr 2011	193	1,878	105.96	4.33	$28,588
Mar 2011	194	2,497	96.36	4.06	$28,825
Feb 2011	0	2,182	85.64	4.18	$9,121
Jan 2011	0	2,374	86.50	4.59	$10,894
Dec 2010	196	2,510	85.73	4.35	$27,716
Nov 2010	0	2,509	80.84	3.80	$9,522
Oct 2010	383	2,350	78.10	3.51	$38,158
Sep 2010	189	2,795	72.63	3.98	$24,850
Aug 2010	381	2,692	73.68	4.42	$39,969
Jul 2010	190	2,621	72.55	4.74	$26,199
Jun 2010	380	2,591	70.36	4.91	$39,460
May 2010	183	2,677	71.12	4.24	$24,353
Apr 2010	192	2,253	81.69	4.12	$24,973
Mar 2010	192	2,922	78.39	4.39	$27,875
Feb 2010	193	2,608	73.58	5.44	$28,395
Jan 2010	387	2,677	74.36	5.96	$44,743
Dec 2009	192	2,454	71.44	5.48	$27,174
Nov 2009	0	2,427	74.59	3.75	$9,105
Oct 2009	188	2,758	72.54	4.11	$24,974
Sep 2009	189	2,335	65.54	3.06	$19,543
Aug 2009	189	2,012	67.42	3.22	$19,218
Jul 2009	192	2,877	61.13	3.46	$21,704
Jun 2009	0	2,748	66.16	3.90	$10,703
May 2009	0	2,792	54.74	3.93	$10,961
Apr 2009	197	2,727	46.77	3.59	$18,997
Mar 2009	0	2,907	42.14	4.06	$11,800
Feb 2009	0	2,794	32.81	4.63	$12,945
Jan 2009	181	2,860	35.86	5.37	$21,852
Dec 2008	186	2,518	37.10	5.98	$21,951
Nov 2008	0	2,431	55.49	6.86	$16,678
Oct 2008	120	596	75.24	6.92	$13,154
Sep 2008	0	2,229	101.76	7.88	$17,558
Aug 2008	374	3,264	114.22	8.48	$70,407
Jul 2008	404	1,386	131.08	11.39	$68,742
Jun 2008	194	827	131.33	13.03	$36,256
May 2008	9	109	123.17	11.57	$2,370
Apr 2008	0	0	110.31	10.45	$0
Mar 2008	357	8	101.90	9.66	$36,456
Feb 2008	0	588	92.53	8.77	$5,157
Jan 2008	0	578	90.38	8.21	$4,743
Dec 2007	187	446	88.33	7.30	$19,774
Nov 2007	0	291	91.67	7.29	$2,122
Oct 2007	0	268	82.85	6.92	$1,855
Sep 2007	0	188	75.84	6.24	$1,174
Aug 2007	0	52	69.06	6.39	$332
Jul 2007	170	0	70.90	6.39	$12,053
Jun 2007	0	333	62.00	7.55	$2,514
May 2007	0	745	58.74	7.85	$5,845
Apr 2007	183	1,667	59.61	7.81	$23,920
Mar 2007	1	1,694	56.92	7.30	$12,426
Feb 2007	333	1,945	55.10	8.22	$34,328
Jan 2007	0	1,744	50.30	6.73	$11,732
Dec 2006	186	1,995	56.65	6.92	$24,339
Nov 2006	176	2,127	54.20	7.62	$25,742
Oct 2006	1	939	54.90	6.01	$5,702
Sep 2006	160	1,433	60.08	5.04	$16,831
Aug 2006	178	1,678	68.71	7.34	$24,547
Jul 2006	176	1,236	69.37	6.34	$20,049
Jun 2006	179	2,187	66.28	6.38	$25,826
May 2006	181	2,295	66.01	6.42	$26,693
Apr 2006	171	547	64.39	7.36	$15,037
Mar 2006	186	1,507	56.70	7.08	$21,220
Feb 2006	190	1,799	57.59	7.75	$24,886
Jan 2006	362	3,281	60.59	8.93	$51,244
Dec 2005	368	3,332	54.94	13.42	$64,918
Nov 2005	370	3,454	54.69	10.59	$56,808
Oct 2005	367	2,916	58.34	13.80	$61,639
Sep 2005	2	2,553	61.45	12.08	$30,961
Aug 2005	188	2,446	61.51	9.80	$35,527
Jul 2005	179	2,715	55.69	7.84	$31,264
Jun 2005	369	2,436	52.33	7.38	$37,290
May 2005	352	3,232	45.22	6.65	$37,414
Apr 2005	180	1,842	49.20	7.36	$22,414
Mar 2005	366	3,036	50.37	7.15	$40,158
Feb 2005	185	1,075	45.22	6.31	$15,151
Jan 2005	1	799	43.16	6.32	$5,095
Dec 2004	369	2,802	39.86	6.75	$33,625
Nov 2004	184	2,461	45.28	6.33	$23,911
Oct 2004	362	3,185	49.70	6.52	$38,742
Sep 2004	179	2,545	43.24	5.28	$21,187
Aug 2004	178	2,547	42.37	5.55	$21,679
Jul 2004	534	2,673	38.28	6.08	$36,705
Jun 2004	363	2,006	36.10	6.43	$26,009
May 2004	355	2,141	37.48	6.49	$27,210
Apr 2004	359	1,967	34.47	5.86	$23,898
Mar 2004	560	1,269	34.36	5.53	$26,259
Feb 2004	187	1,634	32.45	5.51	$15,071
Jan 2004	557	816	32.03	6.30	$22,981
Dec 2003	179	383	30.26	6.30	$7,830
Nov 2003	186	922	28.80	4.60	$9,594
Oct 2003	363	1,373	28.17	4.76	$16,761
Sep 2003	521	1,022	26.31	4.75	$18,561
Aug 2003	179	224	29.76	5.13	$6,476
Jul 2003	151	68	29.41	5.17	$4,793
Jun 2003	185	8	28.56	5.98	$5,331
May 2003	527	203	26.59	5.97	$15,225
Apr 2003	372	438	26.67	5.41	$12,290
Mar 2003	553	493	31.14	6.10	$20,226
Feb 2003	567	489	33.48	7.93	$22,859
Jan 2003	378	430	30.31	5.58	$13,857
Dec 2002	757	951	26.91	4.85	$24,987
Nov 2002	1,684	3,602	24.66	4.14	$56,429
Oct 2002	1,300	533	26.46	4.23	$36,652
Sep 2002	413	697	27.44	3.64	$13,866
Aug 2002	216	762	25.96	3.16	$8,018

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.

Dec 2016 — as filed, then multipliedworked

Oil                   37 bbl  × $ 48.76 =     $1,804
Casinghead gas         0 Mcf  × $  3.72 =         $0

────────────────────────────────────────────────────
Month total                                   $1,804

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/24344 is the state's own key, not one this site invented.