MAGNOLIA SEALY

Operated by SABER OIL & GAS VENTURES, LLC (P-5 741977) in the MAGNOLIA SEALY field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 4023District 08Field 56761001Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$204 k
Jan 1993 – Jul 2015
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
271
no gaps in the span
Streams
2
oil, casinghead gas

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 31 leases and 283 wells, and the rule below applies to all of them.

Discovered
1939-04-01
as the register files it
Field class
Oil
the register's own label
Between wells
660 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 10 acres.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: SEPARATED FROM NORTH WARD FIELD 4-1-39

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
OilDisposition4,371 bbl$204,167
Casinghead gasProduction60 Mcf$31
Total$204,198

48 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (13)

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 31.6428, -103.0683. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

31.64278, -103.06838 · 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%
13 of 13 wells
With a plug date
100.0%
13 of 13 wells
Median depth
2,907 ft
13 wells filed one
Completion to plug
25.8 years
median over 3 wells

What the state filed about each well

On the RRC proration schedule
13100.0%
A plug date is filed
13100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
13100.0%
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

Total depth in feet, 13 of 13 wells. Median 2,907 ft, with the middle half between 2,875 and 2,979 ft; the shallowest is 2,851 ft and the deepest 3,094 ft. The median is published rather than the mean, because a single mis-keyed depth moves a mean and cannot move a median.

When they were last completed

Last completion by decade, 3 of 13 wells, Aug 1959 – Sep 1959. This is the LAST completion filed on each wellbore, not the first — a well recompleted in 2019 counts once, in the 2010s.

Completions filed
Aug 1959 – Sep 1959
3 of 13 wells; 10 filed none
Plug dates filed
Jun 1985 – Apr 2014
13 of 13 wells

Last completion to plug: a median of 25.8 years across the 3 wells that filed both dates, with the middle half between 25.8 years and 25.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

13 wells

42-4750406122,875 ftAug 1985Yes
42-4750406232,875 ftAug 1985Yes
42-4750406343,023 ftMar 2005Yes
42-4750406452,995 ftJun 1985Yes
42-4750406562,979 ftOct 2007Yes
42-475040667D2,875 ftFeb 1986Yes
42-47504068102,880 ftMar 2005Yes
42-47504069112,892 ftOct 2007Yes
42-4750460612,851 ftApr 2014Yes
42-4750463693,094 ftOct 1987Yes
42-47504070122,907 ftSep 1959Jun 1985Yes
42-47504072142,950 ftSep 1959Jun 1985Yes
42-47504071132,960 ftAug 1959Jun 1985Yes

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 (271)

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

271 months

Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201537055.212.96$2,043
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20142097.406.19$195
Jan 20142090.404.86$181
Dec 20132091.824.35$184
Nov 20132088.853.74$178
Oct 20132097.423.78$195
Sep 201320104.113.72$208
Aug 201340104.253.52$417
Jul 201320102.523.72$205
Jun 20132094.403.93$189
May 20134094.834.15$379
Apr 20133093.964.28$282
Mar 20134093.623.91$374
Feb 20139091.233.42$821
Jan 20132091.603.42$183
Dec 201257086.773.42$4,946
Nov 201216086.953.62$1,391
Oct 201214089.383.40$1,251
Sep 20127094.672.92$663
Aug 201210092.662.91$927
Jul 20128085.133.02$681
Jun 201214079.822.52$1,117
May 20128091.612.49$733
Apr 201270101.652.00$712
Mar 2012140105.052.22$1,471
Feb 2012130101.102.57$1,314
Jan 20126098.092.73$589
Dec 201114096.873.24$1,356
Nov 201111095.723.31$1,053
Oct 201111084.983.65$935
Sep 20115083.623.99$418
Aug 201111083.404.15$917
Jul 201110094.144.52$941
Jun 201112092.904.64$1,115
May 201130098.134.40$2,944
Apr 201190105.964.33$954
Mar 201117096.364.06$1,638
Feb 20119085.644.18$771
Jan 20113086.504.59$260
Dec 20107085.734.35$600
Nov 20103080.843.80$243
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 201037071.124.24$2,631
Apr 20100081.694.12$0
Mar 201021078.394.39$1,646
Feb 20100073.585.44$0
Jan 201020074.365.96$1,487
Dec 20090071.445.48$0
Nov 200919074.593.75$1,417
Oct 20090072.544.11$0
Sep 200921065.543.06$1,376
Aug 20090067.423.22$0
Jul 200920061.133.46$1,223
Jun 200920066.163.90$1,323
May 20090054.743.93$0
Apr 200919046.773.59$889
Mar 200920042.144.06$843
Feb 20090032.814.63$0
Jan 200939035.865.37$1,399
Dec 200820037.105.98$742
Nov 20080055.496.86$0
Oct 200820075.246.92$1,505
Sep 2008200101.767.88$2,035
Aug 2008410114.228.48$4,683
Jul 2008200131.0811.39$2,622
Jun 2008200131.3313.03$2,627
May 2008200123.1711.57$2,463
Apr 2008390110.3110.45$4,302
Mar 2008200101.909.66$2,038
Feb 200820092.538.77$1,851
Jan 200838090.388.21$3,434
Dec 200736088.337.30$3,180
Nov 200716091.677.29$1,467
Oct 200732082.856.92$2,651
Sep 200737075.846.24$2,806
Aug 200741069.066.39$2,831
Jul 200723070.906.39$1,631
Jun 200737062.007.55$2,294
May 200720058.747.85$1,175
Apr 200746059.617.81$2,742
Mar 200752056.927.30$2,960
Feb 20070055.108.22$0
Jan 200748050.306.73$2,414
Dec 200645056.656.92$2,549
Nov 200646054.207.62$2,493
Oct 200676054.906.01$4,172
Sep 200650060.085.04$3,004
Aug 200694068.717.34$6,459
Jul 20060069.376.34$0
Jun 200676066.286.38$5,037
May 200672066.016.42$4,753
Apr 200694064.397.36$6,053
Mar 20060056.707.08$0
Feb 200691057.597.75$5,241
Jan 20060060.598.93$0
Dec 200599054.9413.42$5,439
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 200593061.4512.08$5,715
Aug 20050061.519.80$0
Jul 200588055.697.84$4,901
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 200588049.207.36$4,330
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 200413045.286.33$589
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 200432036.106.43$1,155
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 200365026.314.75$1,710
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 200291026.914.85$2,449
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 200286023.653.51$2,034
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 200236017.172.38$618
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 200188027.478.40$2,417
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 200059031.875.19$1,880
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 200084024.513.12$2,059
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 199986021.752.62$1,871
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 19990015.942.36$0
May 19990015.792.32$0
Apr 19990015.102.21$0
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 199990010.381.90$934
Dec 1998009.201.77$0
Nov 19980010.892.19$0
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 19980012.622.21$0
Apr 199886013.042.51$1,121
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970116.322.41$2
Nov 19970118.193.09$3
Oct 19970119.253.15$3
Sep 19970117.742.95$3
Aug 19970117.862.55$3
Jul 199739117.582.25$688
Jun 19970117.242.26$2
May 19970118.972.31$2
Apr 199755117.882.08$985
Mar 19970118.951.94$2
Feb 19970120.492.21$2
Jan 19970123.483.54$4
Dec 19960123.32$0
Nov 199692121.97$2,021
Oct 19960123.31$0
Sep 19960122.22$0
Aug 19960120.26$0
Jul 19960119.55$0
Jun 199689118.73$1,667
May 19960119.43$0
Apr 19960121.51$0
Mar 19960119.38$0
Feb 199685116.98$1,443
Jan 19960117.07$0
Dec 19950117.19$0
Nov 19950116.00$0
Oct 199545115.43$694
Sep 19950116.18$0
Aug 199536115.92$573
Jul 19950115.24$0
Jun 199555116.41$903
May 19950117.56$0
Apr 199538117.73$674
Mar 19950116.44$0
Feb 199549116.58$812
Jan 19950115.92$0
Dec 199438115.03$571
Nov 19940115.90$0
Oct 199435115.58$545
Sep 199461115.29$933
Aug 19940116.13$0
Jul 199454117.56$948
Jun 19940117.09$0
May 199433115.88$524
Apr 19940114.14$0
Mar 199469112.46$860
Feb 19940112.50$0
Jan 199481112.66$1,025
Dec 19930112.33$0
Nov 199367114.49$971
Oct 19930115.85$0
Sep 19930115.03$0
Aug 199362115.66$971
Jul 19930115.46$0
Jun 19930116.79$0
May 199384117.68$1,485
Apr 19930118.05$0
Mar 19930118.14$0
Feb 199369117.90$1,235
Jan 19930116.93$0

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 2015 — as filed, then multipliedworked
Oil                   37 bbl  × $ 55.21 =     $2,043
Casinghead gas         0 Mcf  × $  2.96 =         $0

────────────────────────────────────────────────────
Month total                                   $2,043

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. 08/O/4023 is the state's own key, not one this site invented.