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BANFF

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 27829District 03Field 34733500ST-1 filingOilCasinghead gasSaveExport
Value, all time
$10.1 M
Feb 2020 – May 2026
Value, last 12 filed months
$657 k
at the published price for each month
Months reported
76
no gaps in the span
Streams
2
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”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
ST-11none—237954

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
OilDisposition145,176 bbl$7,636,180
Casinghead gasProduction730,891 Mcf$2,420,267
Total$10,056,447

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 30.0353, -96.9084. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.03530, -96.90837 · 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
9,377 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 9,377 ft.

Completions filed
Feb 2020
1 of 1 wells

1 well

42-149334971H9,377 ftFeb 2020——

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 (76)

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

76 months

May 20263593,429106.413.05$48,645
Apr 20263673,28298.932.87$45,726
Mar 20267394,06789.753.15$79,134
Feb 20265684,08163.503.75$51,373
Jan 20263713,35259.138.00$48,746
Dec 20255604,91756.664.41$53,430
Nov 20257384,83958.593.93$62,239
Oct 20255645,30359.383.30$51,016
Sep 20255605,19462.743.08$51,116
Aug 20257625,50963.933.01$65,323
Jul 20255514,60066.743.32$52,024
Jun 20255643,37566.483.13$48,054
May 20255544,38960.553.23$47,731
Apr 20257544,76162.363.54$63,888
Mar 20255684,70067.704.27$58,515
Feb 20253934,50070.884.34$47,390
Jan 20257704,99574.324.28$78,598
Dec 20247466,64968.993.12$72,221
Nov 20245583,39869.052.20$46,000
Oct 20247615,80871.372.28$67,563
Sep 20247605,46269.612.36$65,818
Aug 202419331075.632.06$15,236
Jul 20243743,68379.932.15$37,800
Jun 20247625,29378.082.63$73,439
May 20243774,93978.812.20$40,569
Apr 20247465,97784.451.66$72,917
Mar 20247656,58180.301.55$71,598
Feb 20249598,30376.091.78$87,780
Jan 20247666,08973.023.30$76,013
Dec 20239437,43271.262.61$86,601
Nov 20237537,15877.892.81$78,748
Oct 20239497,94385.443.09$105,605
Sep 20239499,75089.042.74$111,166
Aug 20231,1328,05480.522.67$112,676
Jul 20237567,22274.852.64$75,666
Jun 20231,1459,20768.962.26$99,753
May 20231,71312,63170.622.23$149,106
Apr 20237584,76878.122.24$69,885
Mar 20239556,10872.852.39$84,189
Feb 20237545,78075.112.47$70,885
Jan 20231,3497,53676.533.39$128,769
Dec 20229636,54376.415.73$111,068
Nov 20221,1376,16585.005.65$131,454
Oct 20221,1346,84287.185.86$138,982
Sep 20229526,86084.888.16$136,809
Aug 20221,1277,61394.529.13$176,009
Jul 20221,3369,096101.587.54$204,314
Jun 20221,3288,143115.097.98$217,798
May 20221,1197,924109.378.43$189,208
Apr 20221,3277,878104.226.84$192,167
Mar 20221,3458,547108.885.08$189,832
Feb 20221,3368,73691.054.86$164,090
Jan 20221,7299,42081.844.54$184,246
Dec 20211,52610,38871.323.90$149,338
Nov 20211,5318,95777.435.24$165,452
Oct 20211,51211,15679.795.71$184,386
Sep 20212,11111,63469.865.35$209,727
Aug 20211,87512,94666.024.22$178,427
Jul 20212,05812,94870.783.98$197,225
Jun 20211,88213,17369.493.38$175,313
May 20212,29314,05263.483.02$187,964
Apr 20212,42514,34660.362.76$185,945
Mar 20212,83815,63961.302.72$216,460
Feb 20212,09313,38257.805.55$195,218
Jan 20213,23817,13250.412.81$211,373
Dec 20203,48118,34344.642.68$204,468
Nov 20203,61218,93738.772.71$191,292
Oct 20203,99520,21836.972.48$197,804
Sep 20204,57121,78937.091.99$212,921
Aug 20205,06924,82239.982.39$261,862
Jul 20205,85726,52538.371.83$273,144
Jun 20206,94927,89134.901.69$289,665
May 20209,26730,37516.921.81$211,921
Apr 202010,94027,31814.751.80$210,657
Mar 202014,44822,45830.341.86$480,040
Feb 20207,10711,32149.881.98$376,920

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                  359 bbl  × $106.41 =    $38,201
Casinghead gas     3,429 Mcf  × $  3.05 =    $10,444

────────────────────────────────────────────────────
Month total                                  $48,645

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/27829 is the state's own key, not one this site invented.