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SARATOGA A

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 27916District 03Field 34733500ST-1 filingOilCasinghead gasSaveExport
Value, all time
$58.6 M
Dec 2020 – May 2026
Value, last 12 filed months
$3.1 M
at the published price for each month
Months reported
66
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—237957

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
OilDisposition670,792 bbl$48,685,953
Casinghead gasProduction2,478,895 Mcf$9,869,787
Total$58,555,741

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 30.1929, -96.7101. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.19290, -96.71007 · 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
100.0%
1 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
10,799 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
1100.0%
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.
00.0%

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 10,799 ft.

Completions filed
Dec 2020
1 of 1 wells

1 well

42-477311371H10,799 ftDec 2020—Yes

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 (66)

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

66 months

May 20262,36812,108106.413.05$288,858
Apr 20262,58812,16398.932.87$290,935
Mar 20263,16313,35489.753.15$325,937
Feb 20263,07811,89163.503.75$240,048
Jan 20263,00912,38559.138.00$276,976
Dec 20253,28812,99756.664.41$243,659
Nov 20253,04113,11658.593.93$229,671
Oct 20253,28814,11959.383.30$241,902
Sep 20253,08814,27062.743.08$237,649
Aug 20252,62915,52863.933.01$214,885
Jul 20252,28010,77566.743.32$187,888
Jun 20253,59414,08966.483.13$283,010
May 20253,68913,62060.553.23$267,393
Apr 20253,76913,34762.363.54$282,325
Mar 20254,25411,93067.704.27$338,917
Feb 20254,19714,80870.884.34$361,763
Jan 20254,24815,81074.324.28$383,357
Dec 20244,05616,50768.993.12$331,348
Nov 20244,10216,94969.052.20$320,504
Oct 20244,65317,69571.372.28$372,454
Sep 20244,73718,69969.612.36$373,954
Aug 20244,76119,46475.632.06$400,241
Jul 20244,00720,57079.932.15$364,435
Jun 20245,43819,78978.082.63$476,723
May 20245,16320,70378.812.20$452,410
Apr 20244,73618,94284.451.66$431,384
Mar 20245,37120,48880.301.55$462,948
Feb 20245,17220,52576.091.78$430,147
Jan 20246,22523,19673.023.30$531,042
Dec 20236,45623,58571.262.61$521,628
Nov 20236,15123,71177.892.81$545,671
Oct 20236,45324,02985.443.09$625,529
Sep 20235,91125,92189.042.74$597,210
Aug 20236,86532,66280.522.67$640,071
Jul 20237,10233,36474.852.64$619,726
Jun 20236,77933,21968.962.26$542,504
May 20238,65337,32470.622.23$694,210
Apr 20238,78038,69678.122.24$772,486
Mar 20239,98344,30072.852.39$833,279
Feb 20238,65641,10075.112.47$751,492
Jan 20239,85456,40476.533.39$945,208
Dec 202210,90947,85876.415.73$1,107,739
Nov 202210,27549,92385.005.65$1,155,250
Oct 202211,17450,39587.185.86$1,269,654
Sep 202210,63737,47284.888.16$1,208,778
Aug 202210,37941,23094.529.13$1,357,336
Jul 20229,86033,969101.587.54$1,257,776
Jun 20221,0111,961115.097.98$131,999
May 202210,22737,015109.378.43$1,430,676
Apr 202216,02755,522104.226.84$2,049,971
Mar 20225,55215,299108.885.08$682,166
Feb 202211,59738,11091.054.86$1,241,077
Jan 202217,81958,89281.844.54$1,725,540
Dec 202118,39361,14071.323.90$1,550,181
Nov 202118,98064,13877.435.24$1,805,502
Oct 202120,85771,06479.795.71$2,070,230
Sep 202121,74174,35569.865.35$1,916,694
Aug 202124,24582,00266.024.22$1,946,752
Jul 202125,94788,96170.783.98$2,190,778
Jun 202127,57793,76369.493.38$2,233,303
May 202130,459105,47463.483.02$2,251,823
Apr 202131,517110,65460.362.76$2,207,596
Mar 202139,442127,56561.302.72$2,764,381
Feb 202131,40099,54657.805.55$2,367,196
Jan 202145,920144,40250.412.81$2,720,636
Dec 20203,21214,03344.642.68$180,928

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                2,368 bbl  × $106.41 =   $251,979
Casinghead gas    12,108 Mcf  × $  3.05 =    $36,879

────────────────────────────────────────────────────
Month total                                 $288,858

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/27916 is the state's own key, not one this site invented.