TWO FINGERS "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.

Gas lease lease 107539District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.1 M
Jan 1993 – May 2026
Value, last 12 filed months
$84 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
condensate, 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 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
High Cost Gas112004-08-19151401
NGPA3none

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
CondensateDisposition48,178 bbl$1,615,888
GasProduction2,985,699 Mcf$7,512,939
Total$9,128,827

1,173,162 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 (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 30.2638, -96.7451. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.26375, -96.74515 · 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
10,767 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 10,767 ft.

Completions filed
Feb 1995
1 of 1 wells

1 well

42-28730573210,767 ftFeb 1995

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 (401)

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

401 months

May 202611,464106.413.05$4,566
Apr 20261791,47198.932.87$21,930
Mar 202611,60289.753.15$5,135
Feb 202611,28963.503.75$4,898
Jan 202621,49259.138.00$12,051
Dec 202511,63356.664.41$7,264
Nov 202511,47258.593.93$5,838
Oct 202501,60059.383.30$5,288
Sep 202511,25962.743.08$3,937
Aug 202501,01763.933.01$3,066
Jul 202511,50966.743.32$5,069
Jun 202521,56666.483.13$5,033
May 202501,38060.553.23$4,461
Apr 20251831,31562.363.54$16,071
Mar 202511,88167.704.27$8,096
Feb 202502,69370.884.34$11,690
Jan 202501074.324.28$43
Dec 2024062468.993.12$1,948
Nov 202411,42469.052.20$3,200
Oct 202401,68071.372.28$3,833
Sep 202411,66469.612.36$4,004
Aug 202411,79875.632.06$3,786
Jul 202411,15079.932.15$2,549
Jun 202401,87678.082.63$4,941
May 20241812,19878.812.20$19,097
Apr 2024041784.451.66$692
Mar 202411,78080.301.55$2,831
Feb 202411,55576.091.78$2,850
Jan 202401,79773.023.30$5,926
Dec 202311,57771.262.61$4,188
Nov 202331,76477.892.81$5,186
Oct 202321,90385.443.09$6,046
Sep 20231821,95389.042.74$21,547
Aug 202311,86480.522.67$5,063
Jul 202332,06874.852.64$5,688
Jun 202322,04368.962.26$4,752
May 202322,09570.622.23$4,808
Apr 202322,28378.122.24$5,265
Mar 202322,15872.852.39$5,310
Feb 20231932,03675.112.47$19,516
Jan 202302,28376.533.39$7,734
Dec 202212,33576.415.73$13,454
Nov 202202,39985.005.65$13,545
Oct 202202,49887.185.86$14,648
Sep 202202,67884.888.16$21,862
Aug 20221872,95994.529.13$44,683
Jul 202223,134101.587.54$23,840
Jun 202222,740115.097.98$22,088
May 202202,581109.378.43$21,766
Apr 202232,287104.226.84$15,950
Mar 202201,614108.885.08$8,193
Feb 202201,37091.054.86$6,657
Jan 202241,61881.844.54$7,669
Dec 202112071.323.90$856
Nov 202101377.435.24$68
Oct 20210079.795.71$0
Sep 202101869.865.35$96
Aug 20210066.024.22$0
Jul 20210370.783.98$12
Jun 20210069.493.38$0
May 202101663.483.02$48
Apr 20210060.362.76$0
Mar 202101661.302.72$43
Feb 20210357.805.55$17
Jan 20218486750.412.81$6,671
Dec 202006644.642.68$177
Nov 2020230538.772.71$903
Oct 2020188336.972.48$6,958
Sep 2020750937.091.99$1,273
Aug 2020181,33239.982.39$3,897
Jul 202002,15638.371.83$3,935
Jun 202001,30534.901.69$2,206
May 20200116.921.81$2
Apr 20200314.751.80$5
Mar 2020049530.341.86$919
Feb 202001,11149.881.98$2,201
Jan 2020045257.252.09$947
Dec 201901,78859.012.30$4,120
Nov 201905455.302.75$149
Oct 2019026053.472.42$629
Sep 2019019855.052.66$526
Aug 201901,45553.112.30$3,353
Jul 2019092656.272.46$2,278
Jun 201918363952.782.49$11,251
May 2019059358.482.74$1,625
Apr 201901,34162.632.75$3,689
Mar 201901,33656.803.06$4,091
Feb 201901,18050.852.79$3,295
Jan 201901,27246.033.23$4,106
Dec 201801,54946.594.19$6,483
Nov 201801,27052.934.24$5,381
Oct 201801,31661.443.40$4,472
Sep 201801,44559.543.11$4,491
Aug 201801,69659.403.07$5,201
Jul 201801,78565.142.93$5,233
Jun 20181773,41260.183.08$21,150
May 2018082165.382.90$2,382
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 201801,14961.782.77$3,178
Jan 2018091862.874.01$3,681
Dec 201701,17357.272.92$3,427
Nov 201701,14755.423.12$3,577
Oct 201701,05249.292.98$3,139
Sep 201701,15147.523.09$3,553
Aug 20171851,28045.373.00$12,239
Jul 201702,10843.873.09$6,508
Jun 201701,61042.493.09$4,971
May 201701,64045.373.26$5,352
Apr 201701,96247.933.21$6,301
Mar 201702,32246.772.98$6,928
Feb 20171911,15850.452.95$13,055
Jan 201702,05349.413.42$7,019
Dec 2016093648.763.72$3,485
Nov 201601,29842.492.64$3,432
Oct 201602,37246.193.09$7,330
Sep 20161912,11241.553.10$14,485
Aug 201601,47741.442.92$4,319
Jul 201602,37841.622.92$6,954
Jun 20160045.352.69$0
May 201601,88342.521.99$3,749
Apr 201602,12736.561.99$4,235
Mar 201602,18033.011.79$3,911
Feb 201602,06726.472.06$4,266
Jan 201602,23927.352.36$5,294
Dec 20151842,28532.362.00$10,527
Nov 201502,28338.792.17$4,948
Oct 201502,11943.552.43$5,142
Sep 201502,26042.992.76$6,234
Aug 201502,41140.162.87$6,926
Jul 20151872,37548.152.95$15,999
Jun 201502,29056.152.88$6,602
May 201502,49855.212.96$7,383
Apr 201502,24249.822.71$6,068
Mar 201502,39742.892.93$7,035
Feb 201502,23344.662.98$6,646
Jan 20151822,50143.433.10$15,659
Dec 201402,61154.693.59$9,377
Nov 201402,57570.464.25$10,948
Oct 20141922,63578.303.90$25,313
Sep 201402,33286.164.05$9,434
Aug 201402,63989.394.04$10,649
Jul 201402,78096.564.18$11,619
Jun 201402,55898.164.74$12,117
May 201402,71094.734.73$12,809
Apr 20141902,72795.944.81$31,343
Mar 201402,70095.895.06$13,653
Feb 201402,60697.406.19$16,136
Jan 20141902,84490.404.86$31,000
Dec 201302,94591.824.35$12,824
Nov 201302,82588.853.74$10,561
Oct 201302,89297.423.78$10,930
Sep 201302,918104.113.72$10,848
Aug 20131902,982104.253.52$30,312
Jul 201303,198102.523.72$11,889
Jun 201303,26094.403.93$12,823
May 201303,51394.834.15$14,576
Apr 20131791,94493.964.28$25,144
Mar 201302,86893.623.91$11,222
Feb 201302,81491.233.42$9,624
Jan 20131923,06091.603.42$28,052
Dec 201203,19086.773.42$10,910
Nov 201203,14586.953.62$11,401
Oct 201203,18789.383.40$10,835
Sep 20121763,12894.672.92$25,791
Aug 201203,21692.662.91$9,353
Jul 201203,12485.133.02$9,437
Jun 20121803,10079.822.52$22,177
May 201203,22791.612.49$8,030
Apr 201203,193101.652.00$6,376
Mar 201203,210105.052.22$7,133
Feb 20121863,115101.102.57$26,811
Jan 201203,42598.092.73$9,364
Dec 20111963,49796.873.24$30,316
Nov 201103,42195.723.31$11,328
Oct 201103,43884.983.65$12,544
Sep 201103,53483.623.99$14,086
Aug 20111833,70283.404.15$30,623
Jul 201104,23994.144.52$19,149
Jun 201103,61092.904.64$16,750
May 20111843,82098.134.40$34,882
Apr 201103,789105.964.33$16,419
Mar 20111784,22496.364.06$34,290
Feb 201103,42285.644.18$14,304
Jan 20111873,96886.504.59$34,384
Dec 201004,05385.734.35$17,621
Nov 201003,97180.843.80$15,071
Oct 20101744,04178.103.51$27,769
Sep 201003,66072.633.98$14,565
Aug 20101914,84473.684.42$35,480
Jul 201004,32772.554.74$20,495
Jun 20101934,08870.364.91$33,653
May 201004,78971.124.24$20,282
Apr 20101903,56181.694.12$30,202
Mar 201004,54078.394.39$19,925
Feb 20101984,25073.585.44$37,699
Jan 201004,85574.365.96$28,956
Dec 20091915,02971.445.48$41,223
Nov 20091885,27674.593.75$33,816
Oct 20091836,93872.544.11$41,792
Sep 200904,64765.543.06$14,242
Aug 200903,56367.423.22$11,468
Jul 20091913,21961.133.46$22,828
Jun 200904,26366.163.90$16,604
May 200901,06254.743.93$4,169
Apr 20091853,24546.773.59$20,294
Mar 200904,86042.144.06$19,727
Feb 200904,39232.814.63$20,348
Jan 20091744,16235.865.37$28,594
Dec 200802,04137.105.98$12,199
Nov 20081793,06855.496.86$30,980
Oct 200803,87975.246.92$26,850
Sep 20081905,063101.767.88$59,216
Aug 200804,137114.228.48$35,094
Jul 200803,927131.0811.39$44,726
Jun 20081925,148131.3313.03$92,307
May 200805,257123.1711.57$60,846
Apr 20081942,914110.3110.45$51,866
Mar 200803,993101.909.66$38,589
Feb 200804,01892.538.77$35,240
Jan 20081976,70990.388.21$72,857
Dec 20071951,72288.337.30$29,798
Nov 200704,41391.677.29$32,178
Oct 200705,94982.856.92$41,179
Sep 20071831,95875.846.24$26,105
Aug 200702,17969.066.39$13,919
Jul 200704,63770.906.39$29,621
Jun 20071947,35662.007.55$67,554
May 200702,54058.747.85$19,930
Apr 20071937,53059.617.81$70,278
Mar 200702,13256.927.30$15,568
Feb 20071946,97355.108.22$67,980
Jan 200704,10350.306.73$27,600
Dec 20061955,97556.656.92$52,384
Nov 20061996,11354.207.62$57,351
Oct 20061988,70954.906.01$63,244
Sep 200602,34860.085.04$11,827
Aug 20061987,92568.717.34$71,773
Jul 200604,97269.376.34$31,536
Jun 20061976,25666.286.38$52,995
May 200606,95466.016.42$44,679
Apr 20061987,11464.397.36$65,112
Mar 20061917,39156.707.08$63,180
Feb 20062017,29657.597.75$68,128
Jan 200619710,24260.598.93$103,431
Dec 20051837,16554.9413.42$106,175
Nov 200517510,67854.6910.59$122,634
Oct 200539913,63558.3413.80$211,383
Sep 200557916,53861.4512.08$235,342
Aug 2005073861.519.80$7,230
Jul 20051832,95155.697.84$33,338
Jun 200502,59852.337.38$19,176
May 200505,26745.226.65$35,032
Apr 20051975,38249.207.36$49,307
Mar 20051987,31450.377.15$62,304
Feb 200506,69145.226.31$42,233
Jan 20051892,93343.166.32$26,700
Dec 200422,21639.866.75$15,040
Nov 200405,81345.286.33$36,799
Oct 20041956,23749.706.52$50,326
Sep 200404,97343.245.28$26,277
Aug 20041955,18042.375.55$37,015
Jul 200406,64638.286.08$40,435
Jun 20041805,13636.106.43$39,538
May 20041826,79337.486.49$50,939
Apr 20041825,69334.475.86$39,626
Mar 200405,56834.365.53$30,792
Feb 20041884,35632.455.51$30,101
Jan 200405,48432.036.30$34,547
Dec 20031845,94930.266.30$43,056
Nov 20031866,00228.804.60$32,937
Oct 200306,91128.174.76$32,894
Sep 20031855,48326.314.75$30,908
Aug 20031815,26729.765.13$32,405
Jul 200305,59629.415.17$28,936
Jun 20031816,39628.565.98$43,436
May 20031838,05926.595.97$53,000
Apr 20031845,35526.675.41$33,863
Mar 200302,75931.146.10$16,819
Feb 20031916,41733.487.93$57,255
Jan 200307,82730.315.58$43,691
Dec 20021902,91026.914.85$19,237
Nov 200204,06524.664.14$16,817
Oct 20021867,70326.464.23$37,498
Sep 200207,16527.443.64$26,046
Aug 20021818,18125.963.16$30,585
Jul 20021876,47524.583.06$24,421
Jun 200207,77523.733.34$25,955
May 20021784,70924.663.58$21,267
Apr 20021874,20723.653.51$19,199
Mar 200203,60422.003.10$11,182
Feb 20021825,70418.222.38$16,867
Jan 20021916,18117.172.38$17,964
Dec 20011825,44516.932.36$15,955
Nov 20011786,85918.072.41$19,716
Oct 200107,79519.782.53$19,713
Sep 200137010,18724.262.25$31,910
Aug 200107,40724.873.05$22,615
Jul 20013667,68123.933.20$33,315
Jun 200104,23424.563.82$16,191
May 2001011,06825.524.31$47,673
Apr 20011698,92324.685.34$51,778
Mar 200103,29724.545.38$17,726
Feb 20013847,39227.755.77$53,286
Jan 20011929,21827.478.40$82,694
Dec 20001929,52026.889.12$92,007
Nov 2000010,00532.215.66$56,608
Oct 200018911,51231.235.15$65,137
Sep 2000012,08631.875.19$62,684
Aug 200019212,25529.644.54$61,338
Jul 200018812,63628.534.09$57,042
Jun 200018812,83629.304.40$61,952
May 200035914,58527.263.68$63,455
Apr 2000016,08424.513.12$50,118
Mar 200009,25728.422.86$26,473
Feb 200002,18827.622.73$5,966
Jan 20001787,40425.272.48$22,864
Dec 199918913,07824.282.42$36,286
Nov 1999013,23023.192.43$32,202
Oct 199916714,10220.982.80$43,042
Sep 1999014,27821.752.62$37,392
Aug 199937513,21319.262.88$45,218
Jul 1999015,62317.892.37$37,064
Jun 199919322,06515.942.36$55,196
May 1999022,98015.792.32$53,337
Apr 19991867,13715.102.21$18,567
Mar 199919118,62112.471.84$36,613
Feb 199919516,8449.981.82$32,565
Jan 199911719,08110.381.90$37,467
Dec 199819320,0339.201.77$37,301
Nov 1998020,64510.892.19$45,124
Oct 199819322,02812.421.97$45,775
Sep 199818818,21512.592.08$40,302
Aug 199817717,31211.301.91$35,020
Jul 1998016,05411.742.24$35,917
Jun 19981749,98311.242.24$24,290
May 199818912,11012.622.21$29,104
Apr 199819410,51513.042.51$28,873
Mar 1998016,33212.802.31$37,718
Feb 199838321,55113.952.30$54,891
Jan 1998013,32114.702.15$28,704
Dec 199735916,52116.322.41$45,693
Nov 199736824,65118.193.09$82,823
Oct 199735724,66519.253.15$84,563
Sep 199735522,56717.742.95$72,980
Aug 199737027,64917.862.55$77,244
Jul 1997029,10617.582.25$65,399
Jun 199753229,98717.242.26$76,858
May 199738033,53318.972.31$84,620
Apr 199776434,64517.882.08$85,818
Mar 1997012,89218.951.94$24,999
Feb 1997010,79320.492.21$23,808
Jan 199738418,63023.483.54$74,961
Dec 199637624,19823.32$8,768
Nov 199637927,58321.97$8,327
Oct 199636031,04623.31$8,392
Sep 199637224,17122.22$8,266
Aug 199635833,32820.26$7,253
Jul 199637428,56119.55$7,312
Jun 199635530,49718.73$6,649
May 199636533,90919.43$7,092
Apr 199638433,65721.51$8,260
Mar 199674637,99219.38$14,457
Feb 199636233,25916.98$6,147
Jan 199677334,94617.07$13,195
Dec 199575936,76317.19$13,047
Nov 199575140,65316.00$12,016
Oct 199574948,55015.43$11,557
Sep 199574150,57516.18$11,989
Aug 199572754,00515.92$11,574
Jul 19951,10157,77915.24$16,779
Jun 19951,13664,72916.41$18,642
May 19951,44680,90917.56$25,392
Apr 19951,85398,85417.73$32,854
Mar 19953,652122,37616.44$60,039
Feb 199556417,63316.58$9,351
Jan 199501215.92$0
Dec 199404,24315.03$0
Nov 19941625,49815.90$2,576
Oct 199406,39015.58$0
Sep 19941903,30115.29$2,905
Aug 199404,22716.13$0
Jul 199405,50717.56$0
Jun 1994954,53517.09$1,624
May 199403,92315.88$0
Apr 19941874,61214.14$2,644
Mar 199405,32612.46$0
Feb 199404,48412.50$0
Jan 19941895,16012.66$2,393
Dec 199305,30212.33$0
Nov 199305,35014.49$0
Oct 19931916,67815.85$3,027
Sep 199305,44415.03$0
Aug 199305,98015.66$0
Jul 19931455,71215.46$2,242
Jun 199305,16116.79$0
May 199306,13017.68$0
Apr 19931676,11418.05$3,014
Mar 199306,24518.14$0
Feb 19931955,71017.90$3,491
Jan 199306,14516.93$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 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $106.41 =       $106
Gas                1,464 Mcf  × $  3.05 =     $4,459

────────────────────────────────────────────────────
Month total                                   $4,566

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/G/107539 is the state's own key, not one this site invented.