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SABINE '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 27954District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$35.2 M
May 2021 – May 2026
Value, last 12 filed months
$2.0 M
at the published price for each month
Months reported
61
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”

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
OilDisposition377,371 bbl$29,639,321
Casinghead gasProduction1,342,899 Mcf$5,570,931
Total$35,210,252

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 30.1648, -96.7764. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.16482, -96.77644 · 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
10,284 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 10,284 ft.

Completions filed
May 2021
1 of 1 wells

1 well

42-477311441H10,284 ftMay 2021——

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 (61)

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

61 months

May 20261,48311,986106.413.05$194,313
Apr 20261,41411,34598.932.87$172,444
Mar 20261,49411,16789.753.15$169,256
Feb 20261,53611,79063.503.75$141,752
Jan 20261,57211,59159.138.00$185,656
Dec 20251,65312,43456.664.41$148,535
Nov 20251,64013,23958.593.93$148,070
Oct 20252,15113,55059.383.30$172,507
Sep 20251,59012,85462.743.08$139,307
Aug 20251,81414,26863.933.01$158,984
Jul 20251,85813,56266.743.32$168,964
Jun 20251,71313,53166.483.13$156,215
May 20251,68912,27560.553.23$141,946
Apr 20251,70513,37262.363.54$153,702
Mar 20251,74613,58767.704.27$176,198
Feb 20251,90412,15570.884.34$187,718
Jan 20252,30612,55174.324.28$225,084
Dec 20242,18713,40768.993.12$192,729
Nov 20242,26413,92269.052.20$186,936
Oct 20242,27514,63871.372.28$195,762
Sep 20242,25714,83169.612.36$192,176
Aug 20242,40516,09175.632.06$215,096
Jul 20242,50518,54279.932.15$240,027
Jun 20242,60117,57178.082.63$249,368
May 20242,48218,06878.812.20$235,328
Apr 20243,10717,82884.451.66$291,966
Mar 20242,94218,98280.301.55$265,572
Feb 20243,33817,80476.091.78$285,744
Jan 20243,08420,92973.023.30$294,210
Dec 20233,57422,49971.262.61$313,422
Nov 20233,57521,87477.892.81$339,869
Oct 20233,84623,94485.443.09$402,524
Sep 20234,05622,42389.042.74$422,474
Aug 20234,78120,69880.522.67$440,289
Jul 20234,31025,80274.852.64$390,767
Jun 20235,24125,95268.962.26$420,031
May 20235,28826,46870.622.23$432,393
Apr 20236,11425,86878.122.24$535,512
Mar 20236,14927,52472.852.39$513,824
Feb 20236,26923,13075.112.47$527,896
Jan 20237,49624,06576.533.39$655,194
Dec 20224,11613,47076.415.73$391,674
Nov 20221834985.005.65$3,501
Oct 202248748387.185.86$45,289
Sep 20224,93420,15684.888.16$583,345
Aug 20227,05029,94894.529.13$939,706
Jul 20228,28540,946101.587.54$1,150,408
Jun 20228,93436,295115.097.98$1,317,747
May 20229,81234,409109.378.43$1,363,311
Apr 202210,56237,681104.226.84$1,358,419
Mar 202211,15341,026108.885.08$1,422,603
Feb 202212,57940,65891.054.86$1,342,869
Jan 202215,15645,90081.844.54$1,448,647
Dec 202117,16244,07971.323.90$1,395,863
Nov 202116,48131,53577.435.24$1,441,268
Oct 202117,88533,28379.795.71$1,617,219
Sep 202119,74334,34169.865.35$1,563,002
Aug 202118,65430,86366.024.22$1,361,797
Jul 202123,70140,35970.783.98$1,838,270
Jun 202127,14449,44369.493.38$2,053,385
May 202122,10129,55863.483.02$1,492,168

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                1,483 bbl  × $106.41 =   $157,806
Casinghead gas    11,986 Mcf  × $  3.05 =    $36,507

────────────────────────────────────────────────────
Month total                                 $194,313

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/27954 is the state's own key, not one this site invented.