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AARON

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

Oil lease lease 27587District 03Field 34733610OilCasinghead gasSaveExport
Value, all time
$23.6 M
Jul 2019 – May 2026
Value, last 12 filed months
$1.7 M
at the published price for each month
Months reported
83
no gaps in the span
Streams
2
oil, casinghead gas

The GIDDINGS (EAGLEFORD) 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 414 leases and 555 wells, and the rule below applies to all of them.

Discovered
1981-07-25
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 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 2013-09-24.

The Commission's schedule remark for this field reads: “FIELD. ORDER SIGNED: 04/12/16”

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
OilDisposition384,621 bbl$23,054,660
Casinghead gasProduction159,131 Mcf$501,385
Total$23,556,045

Every month this lease reported (83)

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

83 months

May 20262,148866106.413.05$231,206
Apr 20261,97592798.932.87$198,047
Mar 20262,5061,43089.753.15$229,417
Feb 20262,49334563.503.75$159,599
Jan 20262,15921959.138.00$129,413
Dec 20251,07524956.664.41$62,008
Nov 20251,78294658.593.93$108,122
Oct 20251,60587459.383.30$98,193
Sep 20251,7831,08562.743.08$115,204
Aug 20251,7731,03863.933.01$116,477
Jul 20251,9561,00166.743.32$133,862
Jun 20251,76797366.483.13$120,514
May 20251,78289160.553.23$110,780
Apr 20251,93190462.363.54$123,620
Mar 20251,60281967.704.27$111,951
Feb 20251,9501,65670.884.34$145,404
Jan 20251,9501,57574.324.28$151,663
Dec 20241,9351,75168.993.12$138,961
Nov 20242,2891,75369.052.20$161,909
Oct 20241,6101,00871.372.28$117,205
Sep 20241,7332,12669.612.36$125,661
Aug 20242,2942,24575.632.06$178,128
Jul 20241,9332,37279.932.15$159,596
Jun 20242,1382,38678.082.63$173,220
May 20242,1052,08878.812.20$170,485
Apr 20242,1591,41984.451.66$184,682
Mar 20242,3041,22480.301.55$186,902
Feb 20241,77063576.091.78$135,812
Jan 20242,1581,35173.023.30$162,032
Dec 20232,3941,52271.262.61$174,570
Nov 20232,1691,95377.892.81$174,427
Oct 20232,3281,84385.443.09$204,594
Sep 20232,3941,99789.042.74$218,624
Aug 20232,3072,07080.522.67$191,293
Jul 20232,3561,69874.852.64$180,832
Jun 20232,4871,72468.962.26$175,397
May 20232,4591,61470.622.23$177,250
Apr 20232,5041,51578.122.24$199,003
Mar 20232,4791,45872.852.39$184,084
Feb 20232,4161,11375.112.47$184,210
Jan 20232,8521,38876.533.39$222,966
Dec 20222,7051,36276.415.73$214,492
Nov 20222,6721,40485.005.65$235,047
Oct 20222,7011,34187.185.86$243,336
Sep 20222,8151,34284.888.16$249,893
Aug 20223,0561,38094.529.13$301,449
Jul 20222,8701,496101.587.54$302,818
Jun 20222,8931,664115.097.98$346,229
May 20223,7461,816109.378.43$425,014
Apr 20223,4621,037104.226.84$367,900
Mar 20221,643358108.885.08$180,707
Feb 20223,1051,12991.054.86$288,196
Jan 20223,4981,17381.844.54$291,599
Dec 20213,2351,26571.323.90$235,653
Nov 20213,4411,27577.435.24$273,114
Oct 20213,7782,04379.795.71$313,120
Sep 20213,6051,63869.865.35$260,610
Aug 20213,9251,49966.024.22$265,455
Jul 20213,8751,87870.783.98$281,751
Jun 20214,2991,80069.493.38$304,823
May 20214,4392,02063.483.02$287,883
Apr 20214,8551,93160.362.76$298,374
Mar 20217,0372,60661.302.72$438,448
Feb 20216,8621,04557.805.55$402,421
Jan 20213,60258650.412.81$183,224
Dec 20204,1752,61344.642.68$193,363
Nov 20205,4232,61338.772.71$217,322
Oct 20206,0073,02636.972.48$229,579
Sep 20207,2822,06737.091.99$274,205
Aug 20205,7891,83539.982.39$235,821
Jul 20208,3552,22338.371.83$324,639
Jun 202011,5512,62034.901.69$407,559
May 20207,2301,83516.921.81$125,662
Apr 202010,2102,15714.751.80$154,490
Mar 20209,0741,33930.341.86$277,791
Feb 202004749.881.98$93
Jan 20204,0581,16957.252.09$234,769
Dec 201910,5493,01459.012.30$629,442
Nov 201911,6914,19355.302.75$658,046
Oct 201914,5275,53053.472.42$790,133
Sep 201918,7197,72255.052.66$1,051,000
Aug 201932,72011,66253.112.30$1,764,633
Jul 201943,33212,32756.272.46$2,468,617

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                2,148 bbl  × $106.41 =   $228,569
Casinghead gas       866 Mcf  × $  3.05 =     $2,638

────────────────────────────────────────────────────
Month total                                 $231,206

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/27587 is the state's own key, not one this site invented.