RANCH

Name: RANCH lease production and value, Jul 2003 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 24445District 03Field 34733500OilCasinghead gasSave Export

Value, all time

$6.1 M

Jul 2003 – May 2020

Value, last 12 filed months

$281

at the published price for each month

Months reported

203

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	26,878 bbl	$1,325,375
Casinghead gas	Production	792,860 Mcf	$4,735,572
Total			$6,060,948

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 30.0493, -96.7258. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.04930, -96.72578 · 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

0.0%

0 of 1 wells

Median depth

11,736 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 11,736 ft.

Completions filed

Jul 2003

1 of 1 wells

1 well


42-14931782	1RE	11,736 ft	Jul 2003	—	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 (203)

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

203 months


May 2020	0	0	16.92	1.81	$0
Apr 2020	0	0	14.75	1.80	$0
Mar 2020	0	0	30.34	1.86	$0
Feb 2020	0	0	49.88	1.98	$0
Jan 2020	0	0	57.25	2.09	$0
Dec 2019	0	0	59.01	2.30	$0
Nov 2019	0	0	55.30	2.75	$0
Oct 2019	0	0	53.47	2.42	$0
Sep 2019	0	0	55.05	2.66	$0
Aug 2019	0	0	53.11	2.30	$0
Jul 2019	0	90	56.27	2.46	$221
Jun 2019	0	24	52.78	2.49	$60
May 2019	0	205	58.48	2.74	$562
Apr 2019	0	351	62.63	2.75	$966
Mar 2019	0	223	56.80	3.06	$683
Feb 2019	0	0	50.85	2.79	$0
Jan 2019	0	388	46.03	3.23	$1,253
Dec 2018	0	134	46.59	4.19	$561
Nov 2018	0	234	52.93	4.24	$992
Oct 2018	0	618	61.44	3.40	$2,100
Sep 2018	0	430	59.54	3.11	$1,336
Aug 2018	60	55	59.40	3.07	$3,733
Jul 2018	0	715	65.14	2.93	$2,096
Jun 2018	23	651	60.18	3.08	$3,387
May 2018	0	436	65.38	2.90	$1,265
Apr 2018	3	51	63.84	2.90	$339
Mar 2018	0	447	61.22	2.79	$1,246
Feb 2018	0	678	61.78	2.77	$1,875
Jan 2018	0	73	62.87	4.01	$293
Dec 2017	0	665	57.27	2.92	$1,943
Nov 2017	0	859	55.42	3.12	$2,679
Oct 2017	0	164	49.29	2.98	$489
Sep 2017	0	793	47.52	3.09	$2,448
Aug 2017	0	493	45.37	3.00	$1,481
Jul 2017	0	1,051	43.87	3.09	$3,245
Jun 2017	0	732	42.49	3.09	$2,260
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	0	0	48.76	3.72	$0
Nov 2016	0	0	42.49	2.64	$0
Oct 2016	0	0	46.19	3.09	$0
Sep 2016	0	77	41.55	3.10	$239
Aug 2016	0	23	41.44	2.92	$67
Jul 2016	160	2,499	41.62	2.92	$13,967
Jun 2016	0	1,776	45.35	2.69	$4,770
May 2016	0	1,847	42.52	1.99	$3,677
Apr 2016	0	140	36.56	1.99	$279
Mar 2016	0	55	33.01	1.79	$99
Feb 2016	85	45	26.47	2.06	$2,343
Jan 2016	0	169	27.35	2.36	$400
Dec 2015	0	702	32.36	2.00	$1,405
Nov 2015	0	375	38.79	2.17	$813
Oct 2015	0	861	43.55	2.43	$2,089
Sep 2015	0	37	42.99	2.76	$102
Aug 2015	0	928	40.16	2.87	$2,666
Jul 2015	181	1,030	48.15	2.95	$11,749
Jun 2015	0	717	56.15	2.88	$2,067
May 2015	0	1,190	55.21	2.96	$3,517
Apr 2015	0	856	49.82	2.71	$2,317
Mar 2015	0	1,038	42.89	2.93	$3,046
Feb 2015	0	854	44.66	2.98	$2,542
Jan 2015	0	993	43.43	3.10	$3,079
Dec 2014	164	1,104	54.69	3.59	$12,934
Nov 2014	0	1,133	70.46	4.25	$4,817
Oct 2014	0	1,408	78.30	3.90	$5,493
Sep 2014	0	1,224	86.16	4.05	$4,952
Aug 2014	0	1,124	89.39	4.04	$4,535
Jul 2014	182	1,252	96.56	4.18	$22,807
Jun 2014	0	1,068	98.16	4.74	$5,059
May 2014	0	1,350	94.73	4.73	$6,381
Apr 2014	0	1,790	95.94	4.81	$8,608
Mar 2014	0	970	95.89	5.06	$4,905
Feb 2014	193	1,074	97.40	6.19	$25,448
Jan 2014	0	1,527	90.40	4.86	$7,422
Dec 2013	0	1,237	91.82	4.35	$5,386
Nov 2013	0	1,550	88.85	3.74	$5,794
Oct 2013	137	1,346	97.42	3.78	$18,434
Sep 2013	0	1,028	104.11	3.72	$3,822
Aug 2013	0	1,853	104.25	3.52	$6,527
Jul 2013	183	1,735	102.52	3.72	$25,211
Jun 2013	1	1,763	94.40	3.93	$7,029
May 2013	0	2,161	94.83	4.15	$8,966
Apr 2013	183	1,162	93.96	4.28	$22,171
Mar 2013	1	1,649	93.62	3.91	$6,546
Feb 2013	2	1,342	91.23	3.42	$4,772
Jan 2013	2	1,583	91.60	3.42	$5,597
Dec 2012	188	1,881	86.77	3.42	$22,746
Nov 2012	1	1,667	86.95	3.62	$6,130
Oct 2012	4	2,034	89.38	3.40	$7,272
Sep 2012	2	1,663	94.67	2.92	$5,043
Aug 2012	181	1,747	92.66	2.91	$21,852
Jul 2012	1	1,696	85.13	3.02	$5,208
Jun 2012	2	1,733	79.82	2.52	$4,525
May 2012	1	1,367	91.61	2.49	$3,493
Apr 2012	184	1,515	101.65	2.00	$21,729
Mar 2012	2	2,940	105.05	2.22	$6,743
Feb 2012	1	1,992	101.10	2.57	$5,221
Jan 2012	2	1,698	98.09	2.73	$4,839
Dec 2011	150	2,268	96.87	3.24	$21,878
Nov 2011	3	2,175	95.72	3.31	$7,489
Oct 2011	1	1,972	84.98	3.65	$7,280
Sep 2011	182	1,881	83.62	3.99	$22,716
Aug 2011	1	1,690	83.40	4.15	$7,096
Jul 2011	0	2,004	94.14	4.52	$9,053
Jun 2011	2	1,517	92.90	4.64	$7,225
May 2011	191	900	98.13	4.40	$22,707
Apr 2011	2	2,021	105.96	4.33	$8,969
Mar 2011	2	2,572	96.36	4.06	$10,628
Feb 2011	178	2,035	85.64	4.18	$23,750
Jan 2011	3	2,934	86.50	4.59	$13,723
Dec 2010	188	2,769	85.73	4.35	$28,156
Nov 2010	2	1,819	80.84	3.80	$7,065
Oct 2010	168	2,089	78.10	3.51	$20,451
Sep 2010	1	1,925	72.63	3.98	$7,733
Aug 2010	0	1,205	73.68	4.42	$5,325
Jul 2010	0	188	72.55	4.74	$890
Jun 2010	1	1,445	70.36	4.91	$7,166
May 2010	177	2,281	71.12	4.24	$22,249
Apr 2010	0	1,112	81.69	4.12	$4,584
Mar 2010	0	1,643	78.39	4.39	$7,211
Feb 2010	178	1,616	73.58	5.44	$21,892
Jan 2010	2	3,046	74.36	5.96	$18,315
Dec 2009	191	2,651	71.44	5.48	$28,182
Nov 2009	1	2,660	74.59	3.75	$10,054
Oct 2009	225	2,890	72.54	4.11	$28,200
Sep 2009	1	2,381	65.54	3.06	$7,363
Aug 2009	0	2,462	67.42	3.22	$7,924
Jul 2009	168	2,228	61.13	3.46	$17,989
Jun 2009	2	3,445	66.16	3.90	$13,551
May 2009	183	3,502	54.74	3.93	$23,765
Apr 2009	5	3,449	46.77	3.59	$12,607
Mar 2009	187	3,787	42.14	4.06	$23,252
Feb 2009	183	3,414	32.81	4.63	$21,821
Jan 2009	190	3,985	35.86	5.37	$28,217
Dec 2008	186	4,497	37.10	5.98	$33,780
Nov 2008	182	4,716	55.49	6.86	$42,453
Oct 2008	183	3,940	75.24	6.92	$41,042
Sep 2008	4	3,696	101.76	7.88	$29,521
Aug 2008	0	1,636	114.22	8.48	$13,878
Jul 2008	9	3,260	131.08	11.39	$38,309
Jun 2008	182	3,180	131.33	13.03	$65,346
May 2008	4	4,090	123.17	11.57	$47,832
Apr 2008	2	2,225	110.31	10.45	$23,483
Mar 2008	173	4,833	101.90	9.66	$64,335
Feb 2008	365	4,176	92.53	8.77	$70,399
Jan 2008	7	3,302	90.38	8.21	$27,728
Dec 2007	1	2,028	88.33	7.30	$14,897
Nov 2007	182	2,903	91.67	7.29	$37,852
Oct 2007	1	2,627	82.85	6.92	$18,267
Sep 2007	181	2,822	75.84	6.24	$31,348
Aug 2007	0	2,612	69.06	6.39	$16,685
Jul 2007	183	3,124	70.90	6.39	$32,931
Jun 2007	0	3,140	62.00	7.55	$23,702
May 2007	183	2,797	58.74	7.85	$32,695
Apr 2007	1	2,689	59.61	7.81	$21,048
Mar 2007	193	3,286	56.92	7.30	$34,980
Feb 2007	181	3,502	55.10	8.22	$38,746
Jan 2007	187	5,312	50.30	6.73	$45,139
Dec 2006	0	2,941	56.65	6.92	$20,347
Nov 2006	178	3,661	54.20	7.62	$37,535
Oct 2006	178	6,207	54.90	6.01	$47,100
Sep 2006	178	5,976	60.08	5.04	$40,797
Aug 2006	176	6,833	68.71	7.34	$62,247
Jul 2006	334	7,158	69.37	6.34	$68,571
Jun 2006	182	7,207	66.28	6.38	$58,072
May 2006	179	7,554	66.01	6.42	$60,350
Apr 2006	185	7,709	64.39	7.36	$68,654
Mar 2006	360	7,171	56.70	7.08	$71,204
Feb 2006	181	5,489	57.59	7.75	$52,970
Jan 2006	183	6,600	60.59	8.93	$70,048
Dec 2005	366	6,216	54.94	13.42	$103,498
Nov 2005	173	6,439	54.69	10.59	$77,640
Oct 2005	179	8,108	58.34	13.80	$122,299
Sep 2005	345	5,774	61.45	12.08	$90,944
Aug 2005	183	7,741	61.51	9.80	$87,094
Jul 2005	363	8,477	55.69	7.84	$86,706
Jun 2005	180	8,767	52.33	7.38	$74,129
May 2005	358	9,786	45.22	6.65	$81,277
Apr 2005	179	10,194	49.20	7.36	$83,840
Mar 2005	333	10,759	50.37	7.15	$93,753
Feb 2005	346	10,848	45.22	6.31	$84,118
Jan 2005	352	11,305	43.16	6.32	$86,665
Dec 2004	536	10,824	39.86	6.75	$94,439
Nov 2004	361	12,588	45.28	6.33	$96,033
Oct 2004	533	12,986	49.70	6.52	$111,095
Sep 2004	346	11,839	43.24	5.28	$77,517
Aug 2004	355	14,254	42.37	5.55	$94,160
Jul 2004	463	15,413	38.28	6.08	$111,499
Jun 2004	537	15,050	36.10	6.43	$116,203
May 2004	377	14,683	37.48	6.49	$109,490
Apr 2004	734	17,366	34.47	5.86	$127,039
Mar 2004	547	16,798	34.36	5.53	$111,690
Feb 2004	746	16,893	32.45	5.51	$117,282
Jan 2004	569	22,053	32.03	6.30	$157,151
Dec 2003	772	24,205	30.26	6.30	$175,892
Nov 2003	1,283	26,446	28.80	4.60	$158,474
Oct 2003	1,506	32,776	28.17	4.76	$198,426
Sep 2003	1,313	31,694	26.31	4.75	$185,071
Aug 2003	2,400	57,273	29.76	5.13	$365,218
Jul 2003	342	16,307	29.41	5.17	$94,379

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 2019 — as filed, then multipliedworked

Oil                    0 bbl  × $ 56.27 =         $0
Casinghead gas        90 Mcf  × $  2.46 =       $221

────────────────────────────────────────────────────
Month total                                     $221

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/24445 is the state's own key, not one this site invented.