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LEQUETTA

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 27849District 03Field 34733610ST-1 filingOilCasinghead gasSaveExport
Value, all time
$10.3 M
Jul 2020 – May 2026
Value, last 12 filed months
$728 k
at the published price for each month
Months reported
71
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”

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—230867

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
OilDisposition163,080 bbl$9,940,251
Casinghead gasProduction109,844 Mcf$408,257
Total$10,348,508

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 30.7388, -96.6461. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.73880, -96.64608 · 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
6,292 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 6,292 ft.

Completions filed
Jul 2020
1 of 1 wells

1 well

42-051343041HE6,292 ftJul 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 (71)

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

71 months

May 2026742931106.413.05$81,792
Apr 202676886398.932.87$78,455
Mar 202676986389.753.15$71,736
Feb 202676981463.503.75$51,884
Jan 202688583659.138.00$59,016
Dec 202566886156.664.41$41,649
Nov 202576789058.593.93$48,433
Oct 202585790759.383.30$53,886
Sep 202586290262.743.08$56,857
Aug 20258001,03063.933.01$54,249
Jul 20259691,09466.743.32$68,298
Jun 20258781,00166.483.13$61,501
May 20259511,12760.553.23$61,226
Apr 20259341,04462.363.54$61,943
Mar 20251,0131,05567.704.27$73,083
Feb 202588087170.884.34$66,155
Jan 20259801,03274.324.28$77,249
Dec 20248581,13468.993.12$62,733
Nov 20241,0091,17269.052.20$72,248
Oct 202491999271.372.28$67,852
Sep 20249311,34169.612.36$67,978
Aug 20241,0521,28075.632.06$82,204
Jul 20241,2711,48479.932.15$104,777
Jun 202470369578.082.63$56,721
May 202459997878.812.20$49,357
Apr 20249351,23284.451.66$81,005
Mar 20241,1311,12480.301.55$92,556
Feb 20249041,33276.091.78$71,161
Jan 20249901,26173.023.30$76,448
Dec 20231,0971,31071.262.61$81,592
Nov 20231,1451,28777.892.81$92,797
Oct 20239501,42485.443.09$85,564
Sep 20231,1281,37489.042.74$104,195
Aug 20231,0361,48080.522.67$87,375
Jul 20231,1481,61374.852.64$90,189
Jun 20231,1701,44768.962.26$83,951
May 20231,3641,66170.622.23$100,025
Apr 20231,4571,59678.122.24$117,392
Mar 20231,8721,48172.852.39$139,919
Feb 20231,2461,52475.112.47$97,345
Jan 20231,8662,23676.533.39$150,380
Dec 20223,6903,03676.415.73$299,346
Nov 20222,31736785.005.65$199,017
Oct 202209687.185.86$563
Sep 20220084.888.16$0
Aug 20221,2351,39894.529.13$129,492
Jul 20221,7812,261101.587.54$197,967
Jun 20221,6372,694115.097.98$209,893
May 20221,7791,752109.378.43$209,344
Apr 20222,5283,104104.226.84$284,692
Mar 20222,5261,336108.885.08$281,813
Feb 202292685591.054.86$88,467
Jan 20222,7351,46581.844.54$230,480
Dec 202135927971.323.90$26,692
Nov 20212,1582,82977.435.24$181,909
Oct 20212,3532,49079.795.71$201,973
Sep 20213,1962,75869.865.35$238,030
Aug 20212,82699266.024.22$190,759
Jul 20212,4971,37470.783.98$182,209
Jun 20213,7331,84269.493.38$265,633
May 20213,2232,42163.483.02$211,902
Apr 20213,2341,53660.362.76$199,441
Mar 20214,1052,19461.302.72$257,597
Feb 20214,3372,55957.805.55$264,876
Jan 20218,0802,73550.412.81$414,999
Dec 20205,98476944.642.68$269,183
Nov 20201,29876938.772.71$52,405
Oct 20208,4254,41236.972.48$322,407
Sep 202014,7995,23937.091.99$559,326
Aug 202015,9044,25739.982.39$645,995
Jul 202014,1423,44638.371.83$548,918

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                  742 bbl  × $106.41 =    $78,956
Casinghead gas       931 Mcf  × $  3.05 =     $2,836

────────────────────────────────────────────────────
Month total                                  $81,792

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/27849 is the state's own key, not one this site invented.