OWENS

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 25231District 03Field 34733600OilCasinghead gasSaveExport
Value, all time
$3.8 M
Jan 2008 – May 2026
Value, last 12 filed months
$103 k
at the published price for each month
Months reported
221
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
OilDisposition46,336 bbl$3,105,659
Casinghead gasProduction184,270 Mcf$726,319
Total$3,831,978

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 30.6019, -96.5675. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.60192, -96.56746 · centre of the wells drawn, derived

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
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,047 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
00.0%
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.
1100.0%

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 8,047 ft.

Completions filed
Jan 2008
1 of 1 wells

1 well

42-0513258218,047 ftJan 2008

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 (221)

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

221 months

May 202600106.413.05$0
Apr 202604798.932.87$135
Mar 202607689.753.15$239
Feb 2026020163.503.75$754
Jan 2026031859.138.00$2,543
Dec 202517452856.664.41$12,189
Nov 202517951758.593.93$12,518
Oct 202537256159.383.30$23,943
Sep 202535554362.743.08$23,943
Aug 202517931063.933.01$12,378
Jul 2025039966.743.32$1,323
Jun 202517831766.483.13$12,825
May 2025040860.553.23$1,319
Apr 202535850762.363.54$24,121
Mar 2025043567.704.27$1,857
Feb 2025041470.884.34$1,797
Jan 202517048274.324.28$14,697
Dec 202418751468.993.12$14,506
Nov 202417952769.052.20$13,519
Oct 202418456071.372.28$14,410
Sep 202416152269.612.36$12,441
Aug 202417254275.632.06$14,127
Jul 202416453379.932.15$14,253
Jun 202434725678.082.63$27,768
May 202417746978.812.20$14,980
Apr 202418450884.451.66$16,382
Mar 202418141380.301.55$15,172
Feb 202433549076.091.78$26,364
Jan 202417748173.023.30$14,511
Dec 202317953171.262.61$14,142
Nov 202318053277.892.81$15,514
Oct 202318355285.443.09$17,340
Sep 202335449389.042.74$32,869
Aug 202317352480.522.67$15,331
Jul 202319145074.852.64$15,485
Jun 202318952368.962.26$14,215
May 202336357170.622.23$26,907
Apr 202318153678.122.24$15,339
Mar 202336659772.852.39$28,092
Feb 202319054375.112.47$15,610
Jan 202336447976.533.39$29,480
Dec 202218837876.415.73$16,531
Nov 202235255185.005.65$33,031
Oct 202237263187.185.86$36,131
Sep 202219250584.888.16$20,420
Aug 202237153194.529.13$39,913
Jul 2022367625101.587.54$41,994
Jun 2022186627115.097.98$26,408
May 2022360640109.378.43$44,770
Apr 2022368569104.226.84$42,244
Mar 2022369644108.885.08$43,446
Feb 202219349791.054.86$19,987
Jan 202236955681.844.54$32,722
Dec 202136365971.323.90$28,459
Nov 202119658877.435.24$18,256
Oct 202136069779.795.71$32,707
Sep 202136568569.865.35$29,164
Aug 202135870266.024.22$26,598
Jul 202118567270.783.98$15,770
Jun 202118777269.493.38$15,604
May 202135982163.483.02$25,267
Apr 202137277560.362.76$24,592
Mar 202154677461.302.72$35,573
Feb 202118057657.805.55$13,600
Jan 202137168150.412.81$20,616
Dec 202036669844.642.68$18,206
Nov 202035672038.772.71$15,751
Oct 202035271936.972.48$14,795
Sep 202036871337.091.99$15,069
Aug 202035778439.982.39$16,143
Jul 202036176338.371.83$15,244
Jun 202035676834.901.69$13,723
May 202035882316.921.81$7,551
Apr 2020076714.751.80$1,384
Mar 20203481,02630.341.86$12,463
Feb 202037093949.881.98$20,315
Jan 20205391,00257.252.09$32,957
Dec 20193581,01659.012.30$23,467
Nov 201936399255.302.75$22,803
Oct 201952692453.472.42$30,360
Sep 201935992755.052.66$22,226
Aug 201951390253.112.30$29,324
Jul 201935980756.272.46$22,186
Jun 201936382152.782.49$21,204
May 20193471,01058.482.74$23,060
Apr 20193511,18962.632.75$25,254
Mar 20195151,14356.803.06$32,752
Feb 201936287950.852.79$20,862
Jan 2019074546.033.23$2,405
Dec 201819074346.594.19$11,962
Nov 201819694952.934.24$14,395
Oct 201818594061.443.40$14,561
Sep 201818191659.543.11$13,624
Aug 20181831,01259.403.07$13,974
Jul 201818498265.142.93$14,865
Jun 201818698860.183.08$14,233
May 20181881,02265.382.90$15,256
Apr 201818792163.842.90$14,610
Mar 201818594761.222.79$13,965
Feb 201818689761.782.77$13,972
Jan 201818690062.874.01$15,302
Dec 20171791,05657.272.92$13,336
Nov 201718290455.423.12$12,905
Oct 201717294049.292.98$11,283
Sep 201737490447.523.09$20,563
Aug 2017092545.373.00$2,779
Jul 201718596343.873.09$11,089
Jun 201718694942.493.09$10,833
May 201717996945.373.26$11,283
Apr 201718494547.933.21$11,854
Mar 201718395346.772.98$11,402
Feb 201718585350.452.95$11,852
Jan 201734989749.413.42$20,311
Dec 201616889648.763.72$11,527
Nov 201618292842.492.64$10,187
Oct 201618498246.193.09$11,534
Sep 201617697041.553.10$10,320
Aug 20163711,01841.442.92$18,351
Jul 20161871,02741.622.92$10,786
Jun 201618182945.352.69$10,435
May 201618094242.521.99$9,529
Apr 201617793036.561.99$8,323
Mar 201636893133.011.79$13,818
Feb 201618587926.472.06$6,711
Jan 201618397127.352.36$7,301
Dec 201536499732.362.00$13,774
Nov 201518195438.792.17$9,089
Oct 201537598343.552.43$18,717
Sep 201519293442.992.76$10,830
Aug 201518693140.162.87$10,144
Jul 20153601,03948.152.95$20,394
Jun 201537098856.152.88$23,624
May 201519293055.212.96$13,349
Apr 201519086049.822.71$11,793
Mar 201518497842.892.93$10,762
Feb 201517289744.662.98$10,351
Jan 201536998643.433.10$19,083
Dec 201418594854.693.59$13,522
Nov 201419284770.464.25$17,130
Oct 201418693478.303.90$18,207
Sep 201434688586.164.05$33,392
Aug 201418595389.394.04$20,383
Jul 20143621,03796.564.18$39,289
Jun 201417887898.164.74$21,631
May 2014090194.734.73$4,259
Apr 201418584195.944.81$21,793
Mar 2014085295.895.06$4,308
Feb 201418776797.406.19$22,963
Jan 2014087990.404.86$4,273
Dec 201319086091.824.35$21,191
Nov 2013084188.853.74$3,144
Oct 201318789597.423.78$21,600
Sep 20130873104.113.72$3,246
Aug 2013184930104.253.52$22,458
Jul 20130909102.523.72$3,379
Jun 201317986594.403.93$20,300
May 201317787094.834.15$20,395
Apr 2013082693.964.28$3,537
Mar 201318185193.623.91$20,275
Feb 201318174691.233.42$19,064
Jan 2013083391.603.42$2,849
Dec 201217682386.773.42$18,086
Nov 201217081986.953.62$17,750
Oct 2012095789.383.40$3,253
Sep 2012099294.672.92$2,895
Aug 201216594492.662.91$18,034
Jul 201218687085.133.02$18,462
Jun 2012085379.822.52$2,149
May 201218089591.612.49$18,717
Apr 20120982101.652.00$1,961
Mar 2012181988105.052.22$21,209
Feb 2012178951101.102.57$20,440
Jan 201201,02498.092.73$2,800
Dec 20111791,01496.873.24$20,625
Nov 201101,02195.723.31$3,381
Oct 20111781,08184.983.65$19,071
Sep 20111781,04683.623.99$19,054
Aug 2011098283.404.15$4,075
Jul 20111811,07394.144.52$21,886
Jun 201101,05492.904.64$4,890
May 20111881,14698.134.40$23,496
Apr 20111791,071105.964.33$23,608
Mar 201101,08596.364.06$4,402
Feb 20111871,00985.644.18$20,232
Jan 20111861,12386.504.59$21,242
Dec 201001,10485.734.35$4,800
Nov 20101851,06080.843.80$18,978
Oct 20101841,14078.103.51$18,371
Sep 2010097972.633.98$3,896
Aug 20101811,14173.684.42$18,379
Jul 20101841,12972.554.74$18,697
Jun 201001,05070.364.91$5,156
May 20101771,03671.124.24$16,976
Apr 20101861,09281.694.12$19,696
Mar 20101821,16878.394.39$19,393
Feb 201001,08373.585.44$5,894
Jan 20101731,24874.365.96$20,307
Dec 20091761,23171.445.48$19,324
Nov 20091761,12974.593.75$17,363
Oct 20091781,00372.544.11$17,035
Sep 200916784165.543.06$13,523
Aug 200917995567.423.22$15,142
Jul 200918197661.133.46$14,446
Jun 20091771,03066.163.90$15,722
May 20091811,10354.743.93$14,238
Apr 20091811,04746.773.59$12,221
Mar 200918281142.144.06$10,961
Feb 200919073832.814.63$9,653
Jan 200918692535.865.37$11,638
Dec 20083721,03137.105.98$19,964
Nov 20083851,08255.496.86$28,787
Oct 2008183575.246.92$5,855
Sep 20081941,148101.767.88$28,784
Aug 20083751,113114.228.48$52,274
Jul 20081985131.0811.39$11,350
Jun 2008194924131.3313.03$37,520
May 20083821,170123.1711.57$60,593
Apr 20085741,326110.3110.45$77,181
Mar 20083871,483101.909.66$53,767
Feb 20081941,12492.538.77$27,809
Jan 2008202,50990.388.21$22,396

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.

Apr 2026 — as filed, then multipliedworked
Oil                    0 bbl  × $ 98.93 =         $0
Casinghead gas        47 Mcf  × $  2.87 =       $135

────────────────────────────────────────────────────
Month total                                     $135

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/25231 is the state's own key, not one this site invented.