RUNGE

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 24466District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$16.5 M
Sep 2003 – May 2026
Value, last 12 filed months
$332 k
at the published price for each month
Months reported
273
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
OilDisposition246,038 bbl$15,364,913
Casinghead gasProduction231,187 Mcf$1,111,422
Total$16,476,335

Every month this lease reported (273)

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

273 months

May 2026365454106.413.05$40,222
Apr 202635845598.932.87$36,723
Mar 202635161189.753.15$33,427
Feb 202635643963.503.75$24,252
Jan 202653660859.138.00$36,556
Dec 202536219756.664.41$21,380
Nov 202518028158.593.93$11,650
Oct 202532438659.383.30$20,515
Sep 202535927262.743.08$23,361
Aug 202552424863.933.01$34,247
Jul 202535824866.743.32$24,715
Jun 202536415266.483.13$24,674
May 202572724860.553.23$44,821
Apr 20253618162.363.54$22,799
Mar 20250067.704.27$0
Feb 20251797970.884.34$13,030
Jan 202536424874.324.28$28,114
Dec 202435924868.993.12$25,542
Nov 202435724069.052.20$25,178
Oct 202436024871.372.28$26,259
Sep 202435124069.612.36$25,001
Aug 202455022175.632.06$42,053
Jul 202435720879.932.15$28,982
Jun 202453124078.082.63$42,093
May 202434724878.812.20$27,892
Apr 202472724084.451.66$61,793
Mar 202454324880.301.55$43,986
Feb 202453523276.091.78$41,122
Jan 202418111273.023.30$13,586
Dec 202355317671.262.61$39,866
Nov 202336324077.892.81$28,948
Oct 202353324685.443.09$46,299
Sep 202353324089.042.74$48,115
Aug 202370924880.522.67$57,752
Jul 202335610174.852.64$26,913
Jun 202335723668.962.26$25,152
May 202372723570.622.23$51,864
Apr 20231758478.122.24$13,859
Mar 202354824872.852.39$40,515
Feb 202354022475.112.47$41,112
Jan 202336424876.533.39$28,697
Dec 202253924476.415.73$42,583
Nov 202255224085.005.65$48,275
Oct 202253124887.185.86$47,747
Sep 202254024084.888.16$47,794
Aug 202253624894.529.13$52,926
Jul 2022527239101.587.54$55,335
Jun 2022529240115.097.98$62,797
May 2022564248109.378.43$63,776
Apr 2022549240104.226.84$58,858
Mar 2022363248108.885.08$40,782
Feb 202256022491.054.86$52,076
Jan 202254424881.844.54$45,646
Dec 2021712071.323.90$50,780
Nov 2021541077.435.24$41,890
Oct 2021341079.795.71$27,208
Sep 2021721069.865.35$50,369
Aug 2021726066.024.22$47,931
Jul 2021710070.783.98$50,254
Jun 2021550069.493.38$38,220
May 2021698063.483.02$44,309
Apr 2021374060.362.76$22,575
Mar 20219073661.302.72$55,697
Feb 20213634157.805.55$21,209
Jan 20211,2654150.412.81$63,884
Dec 20205385444.642.68$24,161
Nov 20207305438.772.71$28,448
Oct 2020699036.972.48$25,842
Sep 2020174037.091.99$6,454
Aug 2020354039.982.39$14,153
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020178016.921.81$3,012
Apr 202054533714.751.80$8,647
Mar 202036123530.341.86$11,389
Feb 202053853849.881.98$27,901
Jan 202054462957.252.09$32,462
Dec 201953466159.012.30$33,035
Nov 201936865255.302.75$22,144
Oct 201956370053.472.42$31,797
Sep 201953374955.052.66$31,332
Aug 201952821,10153.112.30$76,666
Jul 201953062456.272.46$31,358
Jun 201953126,50252.782.49$94,048
May 201953051358.482.74$32,400
Apr 201935336362.632.75$23,107
Mar 201953943256.803.06$31,938
Feb 201953943150.852.79$28,612
Jan 201933542146.033.23$16,779
Dec 201857946746.594.19$28,930
Nov 201835543252.934.24$20,621
Oct 201853050261.443.40$34,269
Sep 201871154759.543.11$44,033
Aug 201836847859.403.07$23,325
Jul 201837748965.142.93$25,991
Jun 201852449760.183.08$33,064
May 201855251365.382.90$37,578
Apr 201856149763.842.90$37,256
Mar 201859549461.222.79$37,803
Feb 201837348261.782.77$24,377
Jan 201857749662.874.01$38,265
Dec 201755049357.272.92$32,939
Nov 201756548255.423.12$32,815
Oct 201753551549.292.98$27,907
Sep 201756830947.523.09$27,945
Aug 201756542745.373.00$26,917
Jul 201737564543.873.09$18,443
Jun 201776386342.493.09$35,084
May 201755661845.373.26$27,243
Apr 201756357247.933.21$28,822
Mar 201755756546.772.98$27,737
Feb 201753444050.452.95$28,239
Jan 201754037949.413.42$27,977
Dec 201654238348.763.72$27,854
Nov 201654857442.492.64$24,802
Oct 201654066446.193.09$26,995
Sep 201671545941.553.10$31,131
Aug 201654453241.442.92$24,099
Jul 201655856141.622.92$24,865
Jun 201672754245.352.69$34,425
May 201657253042.521.99$25,377
Apr 201673452436.561.99$27,878
Mar 201638456533.011.79$13,689
Feb 201673350026.472.06$20,434
Jan 201658055427.352.36$17,173
Dec 201574155732.362.00$25,094
Nov 201556157838.792.17$23,014
Oct 201557263943.552.43$26,461
Sep 201574063442.992.76$33,561
Aug 201573267240.162.87$31,327
Jul 201575375748.152.95$38,486
Jun 201572468556.152.88$42,627
May 201555740455.212.96$31,946
Apr 201573063149.822.71$38,076
Mar 201574764342.892.93$33,926
Feb 201574957844.662.98$35,171
Jan 201573465443.433.10$33,905
Dec 201492967254.693.59$53,220
Nov 201475370070.464.25$56,033
Oct 201493871778.303.90$76,242
Sep 201472970786.164.05$65,671
Aug 201492589889.394.04$86,309
Jul 201473987096.564.18$74,994
Jun 20141,1211,01798.164.74$114,855
May 20149191,00494.734.73$91,802
Apr 20141,13596195.944.81$113,513
Mar 20141,53195595.895.06$151,637
Feb 201473365897.406.19$75,469
Jan 201456840890.404.86$53,330
Dec 201354537191.824.35$51,657
Nov 201373840288.853.74$67,074
Oct 201355446597.423.78$55,728
Sep 2013536532104.113.72$57,781
Aug 2013748618104.253.52$80,156
Jul 2013738645102.523.72$78,058
Jun 201373064394.403.93$71,441
May 201391668694.834.15$89,711
Apr 20131,08691493.964.28$105,955
Mar 20131,2671,10493.623.91$122,936
Feb 201374253891.233.42$69,533
Jan 20131,4701,10291.603.42$138,421
Dec 20122,3841,52386.773.42$212,069
Nov 20121,82363486.953.62$160,808
Oct 20121842089.383.40$16,514
Sep 20121835894.672.92$17,494
Aug 201254850392.662.91$52,240
Jul 201271746885.133.02$62,452
Jun 201254258379.822.52$44,731
May 201254961991.612.49$51,834
Apr 2012716623101.652.00$74,025
Mar 2012553626105.052.22$59,484
Feb 2012562612101.102.57$58,391
Jan 201255765398.092.73$56,421
Dec 201175166796.873.24$74,910
Nov 201155465995.723.31$55,211
Oct 201155969984.983.65$50,054
Sep 201174871183.623.99$65,382
Aug 201156571983.404.15$50,104
Jul 201174162794.144.52$72,590
Jun 201156368392.904.64$55,472
May 201155566998.134.40$57,409
Apr 2011547661105.964.33$60,824
Mar 201173868396.364.06$73,885
Feb 201172663785.644.18$64,837
Jan 201156270286.504.59$51,834
Dec 201073872185.734.35$66,403
Nov 201056270880.843.80$48,119
Oct 201054676278.103.51$45,316
Sep 201074358572.633.98$56,292
Aug 201071764473.684.42$55,675
Jul 201054971072.554.74$43,193
Jun 201073267970.364.91$54,838
May 201054372871.124.24$41,701
Apr 201089669281.694.12$76,047
Mar 201053971978.394.39$45,408
Feb 201071167573.585.44$55,989
Jan 201071070974.365.96$57,024
Dec 200972172471.445.48$55,478
Nov 200971969974.593.75$56,253
Oct 200953966972.544.11$41,849
Sep 200989687965.543.06$61,418
Aug 200989394567.423.22$63,248
Jul 20099001,13761.133.46$58,956
Jun 200972976766.163.90$51,218
May 20091,1261,04654.743.93$65,744
Apr 200974061446.773.59$36,813
Mar 200992378642.144.06$42,086
Feb 200992599932.814.63$34,978
Jan 20091,1231,14435.865.37$46,415
Dec 20081,1101,06737.105.98$47,559
Nov 20089441,04755.496.86$59,565
Oct 20081,12999775.246.92$91,847
Sep 2008959948101.767.88$105,055
Aug 20081,154887114.228.48$139,334
Jul 20089581,008131.0811.39$137,055
Jun 20081,148959131.3313.03$163,265
May 20081,347927123.1711.57$176,639
Apr 2008966860110.3110.45$115,551
Mar 20081,158864101.909.66$126,350
Feb 20081,15389492.538.77$114,528
Jan 200893793890.388.21$92,383
Dec 20071,15392688.337.30$108,606
Nov 20071,12592391.677.29$109,859
Oct 20071,1161,10082.856.92$100,075
Sep 20071,12398475.846.24$91,313
Aug 20071,1501,07069.066.39$86,254
Jul 20071,3351,10170.906.39$101,685
Jun 20071,1301,49662.007.55$81,352
May 20071,3171,17158.747.85$86,549
Apr 20071,1461,21559.617.81$77,796
Mar 20071,5191,27456.927.30$95,764
Feb 20071,3331,10355.108.22$82,511
Jan 20071,1431,22350.306.73$65,720
Dec 20061,5011,42456.656.92$94,884
Nov 20061,3011,11854.207.62$79,031
Oct 20061,2871,49354.906.01$79,635
Sep 20061,6481,48960.085.04$106,512
Aug 20061,4701,59668.717.34$112,718
Jul 20061,4741,52569.376.34$111,924
Jun 20061,8041,64966.286.38$130,096
May 20061,4501,75866.016.42$107,010
Apr 20061,6421,86064.397.36$119,419
Mar 20061,8311,50856.707.08$114,499
Feb 20061,6711,52757.597.75$108,069
Jan 20061,6702,02360.598.93$119,257
Dec 20051,8371,60954.9413.42$122,510
Nov 20051,8261,43054.6910.59$115,005
Oct 20052,1721,75458.3413.80$150,912
Sep 20051,6691,21361.4512.08$117,212
Aug 20052,2071,81461.519.80$153,524
Jul 20052,1981,84855.697.84$136,902
Jun 20052,3592,37052.337.38$140,940
May 20052,5302,40545.226.65$130,403
Apr 20052,5362,41049.207.36$142,510
Mar 20052,6932,38850.377.15$152,732
Feb 20052,7252,48545.226.31$138,910
Jan 20052,0401,14943.166.32$95,311
Dec 20042,5781,30839.866.75$111,589
Nov 20042,1931,56845.286.33$109,225
Oct 20042,6011,37549.706.52$138,228
Sep 20043,1031,93343.245.28$144,388
Aug 20042,9621,76642.375.55$135,302
Jul 20042,73870938.286.08$109,124
Jun 20042,2581,22836.106.43$89,414
May 20043,1271,11337.486.49$124,428
Apr 20043,4971,38034.475.86$128,626
Mar 20044,0221,46334.365.53$146,287
Feb 20042,59274632.455.51$88,221
Jan 20043,8651,74732.036.30$134,801
Dec 20034,4641,39430.266.30$143,865
Nov 20035,12896228.804.60$152,107
Oct 20031,479028.174.76$41,663
Sep 20030026.314.75$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                  365 bbl  × $106.41 =    $38,840
Casinghead gas       454 Mcf  × $  3.05 =     $1,383

────────────────────────────────────────────────────
Month total                                  $40,222

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/24466 is the state's own key, not one this site invented.