TWO FINGERS UNIT

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 158022District 03Field 347335002 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.0 M
Jan 1996 – May 2026
Value, last 12 filed months
$6 k
at the published price for each month
Months reported
365
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 Gas111996-06-20134566
NGPA1none

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
CondensateDisposition107,338 bbl$3,017,268
GasProduction3,879,108 Mcf$9,944,942
Total$12,962,210

1,217,646 Mcf of this lease's gas, across 12 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 30.2721, -96.7472. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

30.27213, -96.74718 · 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
11,377 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 11,377 ft.

Completions filed
Jan 1996
1 of 1 wells

1 well

42-287304391RE11,377 ftJan 1996

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 (365)

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

365 months

May 20263288106.413.05$1,196
Apr 2026462098.932.87$2,175
Mar 2026311289.753.15$622
Feb 2026020363.503.75$761
Jan 20260059.138.00$0
Dec 2025011556.664.41$508
Nov 20250058.593.93$0
Oct 202509059.383.30$297
Sep 202505862.743.08$178
Aug 20250063.933.01$0
Jul 202504466.743.32$146
Jun 20250866.483.13$25
May 2025861060.553.23$5,240
Apr 20250362.363.54$11
Mar 202512367.704.27$166
Feb 202504670.884.34$200
Jan 202521774.324.28$221
Dec 202411868.993.12$125
Nov 202446669.052.20$421
Oct 202415871.372.28$204
Sep 2024028769.612.36$679
Aug 202421,48875.632.06$3,222
Jul 202421,54679.932.15$3,478
Jun 20241892,36178.082.63$20,976
May 202412,02978.812.20$4,539
Apr 2024038484.451.66$637
Mar 20241882,35280.301.55$18,731
Feb 202402,00276.091.78$3,571
Jan 202411,89373.023.30$6,315
Dec 202322,13671.262.61$5,719
Nov 20231802,09677.892.81$19,905
Oct 202322,09485.443.09$6,636
Sep 20231792,44389.042.74$22,620
Aug 202301,94180.522.67$5,188
Jul 202312,00174.852.64$5,361
Jun 202301,58268.962.26$3,573
May 20231801,68570.622.23$16,465
Apr 202311,70678.122.24$3,896
Mar 202301,80672.852.39$4,322
Feb 202301,67775.112.47$4,135
Jan 20231851,91276.533.39$20,635
Dec 202212,19576.415.73$12,652
Nov 202201,87285.005.65$10,570
Oct 20221792,35987.185.86$29,438
Sep 202202,29584.888.16$18,736
Aug 202202,22994.529.13$20,344
Jul 202202,048101.587.54$15,446
Jun 20221922,308115.097.98$40,509
May 202202,294109.378.43$19,345
Apr 202202,304104.226.84$15,754
Mar 20221822,404108.885.08$32,020
Feb 202202,15091.054.86$10,447
Jan 20221812,35381.844.54$25,490
Dec 202102,45971.323.90$9,588
Nov 202102,53477.435.24$13,270
Oct 202112,22279.795.71$12,776
Sep 20211792,28869.865.35$24,748
Aug 202102,40866.024.22$10,163
Jul 20211762,42070.783.98$22,094
Jun 202102,39269.493.38$8,086
May 202102,77063.483.02$8,359
Apr 20211791,90860.362.76$16,068
Mar 202102,61661.302.72$7,108
Feb 202101,48157.805.55$8,217
Jan 20211912,16250.412.81$15,704
Dec 202002,09444.642.68$5,602
Nov 20201782,16738.772.71$12,766
Oct 202002,24236.972.48$5,557
Sep 20201912,17437.091.99$11,413
Aug 202022,15239.982.39$5,213
Jul 20201892,29638.371.83$11,442
Jun 20201782,22734.901.69$9,977
May 202002,51916.921.81$4,571
Apr 20201892,52114.751.80$7,337
Mar 20201802,70430.341.86$10,480
Feb 202002,41449.881.98$4,781
Jan 20203792,46257.252.09$26,855
Dec 20191912,56059.012.30$17,170
Nov 201902,47955.302.75$6,819
Oct 20191882,71453.472.42$16,616
Sep 201902,70955.052.66$7,199
Aug 201902,82053.112.30$6,498
Jul 20191813,26056.272.46$18,205
Jun 201902,98552.782.49$7,436
May 201901,61258.482.74$4,417
Apr 201902,54762.632.75$7,006
Mar 20191872,68156.803.06$18,831
Feb 201902,42150.852.79$6,760
Jan 20191852,71146.033.23$17,267
Dec 201802,72246.594.19$11,393
Nov 201802,65652.934.24$11,254
Oct 201802,74861.443.40$9,338
Sep 20181812,65659.543.11$19,032
Aug 201802,62359.403.07$8,044
Jul 201802,59465.142.93$7,605
Jun 20181842,64160.183.08$19,199
May 201802,87365.382.90$8,334
Apr 201802,77963.842.90$8,061
Mar 201802,90561.222.79$8,096
Feb 20181872,68861.782.77$18,988
Jan 201803,02162.874.01$12,112
Dec 20171863,05657.272.92$19,580
Nov 201702,96855.423.12$9,255
Oct 201703,31549.292.98$9,891
Sep 201702,56047.523.09$7,903
Aug 201702,34845.373.00$7,054
Jul 201703,00343.873.09$9,271
Jun 20171923,01942.493.09$17,479
May 201703,04945.373.26$9,950
Apr 20171933,05447.933.21$19,059
Mar 201702,94446.772.98$8,784
Feb 201702,92250.452.95$8,628
Jan 20171923,28949.413.42$20,731
Dec 201603,30448.763.72$12,300
Nov 201603,24942.492.64$8,591
Oct 20161943,35346.193.09$19,323
Sep 201603,24541.553.10$10,062
Aug 20161873,44641.442.92$17,827
Jul 201603,42541.622.92$10,016
Jun 201603,22845.352.69$8,670
May 201603,39442.521.99$6,758
Apr 20161913,49636.561.99$13,944
Mar 201603,79133.011.79$6,801
Feb 201603,46326.472.06$7,146
Jan 20161973,77627.352.36$14,316
Dec 201503,55232.362.00$7,109
Nov 201503,22838.792.17$6,996
Oct 20151873,81543.552.43$17,401
Sep 201503,81742.992.76$10,529
Aug 201503,98940.162.87$11,458
Jul 20151904,06548.152.95$21,120
Jun 201504,00856.152.88$11,555
May 20151894,33055.212.96$23,232
Apr 201504,63649.822.71$12,548
Mar 201504,88842.892.93$14,345
Feb 20151884,46744.662.98$21,691
Jan 20151953,56943.433.10$19,535
Dec 201401,36354.693.59$4,895
Nov 201402,13770.464.25$9,086
Oct 201402,20878.303.90$8,613
Sep 201402,10086.164.05$8,495
Aug 20141872,26889.394.04$25,868
Jul 201402,26196.564.18$9,450
Jun 201402,03498.164.74$9,635
May 20141972,18494.734.73$28,985
Apr 201402,17795.944.81$10,469
Mar 201402,22895.895.06$11,267
Feb 201401,99797.406.19$12,365
Jan 20141902,20190.404.86$27,874
Dec 201302,24991.824.35$9,793
Nov 201302,36588.853.74$8,841
Oct 20131832,51397.423.78$27,325
Sep 201302,428104.113.72$9,027
Aug 201302,539104.253.52$8,944
Jul 201302,509102.523.72$9,328
Jun 20131792,52894.403.93$26,841
May 201303,41494.834.15$14,165
Apr 20131681,68293.964.28$22,989
Mar 201302,68993.623.91$10,522
Feb 201302,49091.233.42$8,516
Jan 20131942,57791.603.42$26,584
Dec 201202,54686.773.42$8,708
Nov 201202,45886.953.62$8,910
Oct 20121733,01389.383.40$25,706
Sep 201203,09794.672.92$9,038
Aug 201202,98292.662.91$8,672
Jul 20121772,78885.133.02$23,490
Jun 201202,68779.822.52$6,769
May 201202,65591.612.49$6,606
Apr 20121892,712101.652.00$24,627
Mar 201203,237105.052.22$7,193
Feb 20121813,012101.102.57$26,041
Jan 201203,16698.092.73$8,656
Dec 201103,16996.873.24$10,267
Nov 20111792,92095.723.31$26,803
Oct 201103,03084.983.65$11,055
Sep 201102,96883.623.99$11,830
Aug 20111793,08683.404.15$27,733
Jul 201103,10894.144.52$14,040
Jun 201103,06792.904.64$14,231
May 20111813,14198.134.40$31,597
Apr 201102,968105.964.33$12,861
Mar 20111833,27896.364.06$30,934
Feb 201102,95685.644.18$12,356
Jan 201103,25186.504.59$14,918
Dec 20101933,38885.734.35$31,276
Nov 201003,23380.843.80$12,270
Oct 20101823,33178.103.51$25,902
Sep 201003,27972.633.98$13,049
Aug 201003,21173.684.42$14,191
Jul 20101833,67172.554.74$30,664
Jun 201003,59770.364.91$17,663
May 201003,99771.124.24$16,928
Apr 20101933,29181.694.12$29,334
Mar 201003,78778.394.39$16,620
Feb 20101902,79873.585.44$29,208
Jan 201002,98874.365.96$17,821
Dec 20091912,91771.445.48$29,641
Nov 200901,97874.593.75$7,420
Oct 20091933,08572.544.11$26,680
Sep 200902,69765.543.06$8,266
Aug 200902,69267.423.22$8,664
Jul 20091762,42761.133.46$19,167
Jun 200902,50966.163.90$9,773
May 20091883,04054.743.93$22,225
Apr 200903,28546.773.59$11,785
Mar 200903,51742.144.06$14,276
Feb 20091863,28332.814.63$21,313
Jan 20091993,86735.865.37$27,906
Dec 200803,93237.105.98$23,502
Nov 20081803,81055.496.86$36,126
Oct 200804,26475.246.92$29,515
Sep 20081803,489101.767.88$45,800
Aug 200804,253114.228.48$36,078
Jul 20081854,286131.0811.39$73,065
Jun 200804,042131.3313.03$52,678
May 20081904,262123.1711.57$72,732
Apr 200804,334110.3110.45$45,311
Mar 20081954,835101.909.66$66,596
Feb 200804,14792.538.77$36,372
Jan 20081874,49990.388.21$53,819
Dec 20071774,30488.337.30$47,062
Nov 200704,10491.677.29$29,925
Oct 200704,18382.856.92$28,955
Sep 20071683,77475.846.24$36,307
Aug 200702,21569.066.39$14,149
Jul 20071825,46170.906.39$47,788
Jun 200707,14062.007.55$53,896
May 20071937,70858.747.85$71,816
Apr 20071937,26759.617.81$68,225
Mar 20072066,98856.927.30$62,752
Feb 20071964,10555.108.22$44,526
Jan 200714,13650.306.73$27,873
Dec 20061954,29556.656.92$40,761
Nov 200604,33354.207.62$33,007
Oct 20061994,67654.906.01$39,046
Sep 20061954,69060.085.04$35,340
Aug 200614,95668.717.34$36,445
Jul 20061885,09269.376.34$45,339
Jun 20061985,18266.286.38$46,205
May 20061764,90766.016.42$43,145
Apr 200603,82464.397.36$28,146
Mar 20061994,50956.707.08$43,220
Feb 200614,04857.597.75$31,434
Jan 20062045,37960.598.93$60,413
Dec 20051816,15454.9413.42$92,503
Nov 20051917,02754.6910.59$84,850
Oct 200508,99558.3413.80$124,093
Sep 20051877,12561.4512.08$97,554
Aug 20051846,03161.519.80$70,403
Jul 200504,52255.697.84$35,469
Jun 20050652.337.38$44
May 20050945.226.65$60
Apr 2005012049.207.36$883
Mar 2005171050.377.15$8,613
Feb 200503,43445.226.31$21,675
Jan 20051944,96543.166.32$39,763
Dec 200405,57239.866.75$37,617
Nov 20042016,75545.286.33$51,863
Oct 200405,09849.706.52$33,214
Sep 20041929,04743.245.28$56,106
Aug 20041934,74642.375.55$34,521
Jul 20041819,22138.286.08$63,031
Jun 20041798,87436.106.43$63,549
May 200405,26837.486.49$34,213
Apr 20043479,41534.475.86$67,118
Mar 200406,85034.365.53$37,881
Feb 20041927,72032.455.51$48,765
Jan 20041938,46232.036.30$59,489
Dec 20031959,52130.266.30$65,899
Nov 20031998,67828.804.60$45,608
Oct 20031959,06828.174.76$48,654
Sep 20031859,33826.314.75$49,217
Aug 20031798,29129.765.13$47,858
Jul 200319,57829.415.17$49,556
Jun 20031958,96428.565.98$59,200
May 200319510,58726.595.97$68,418
Apr 200338710,35826.675.41$66,330
Mar 200309,13531.146.10$55,687
Feb 20031979,85933.487.93$84,737
Jan 200319912,06430.315.58$73,373
Dec 20023609,43426.914.85$55,478
Nov 200219710,37224.664.14$47,767
Oct 200219413,20626.464.23$60,983
Sep 200218414,17927.443.64$56,592
Aug 200235115,86725.963.16$59,318
Jul 200236717,18124.583.06$61,625
Jun 200239017,54923.733.34$67,837
May 200239118,40124.663.58$75,591
Apr 200239317,39523.653.51$70,391
Mar 200219717,68622.003.10$59,209
Feb 200259517,39818.222.38$52,173
Jan 200219820,32917.172.38$51,695
Dec 200139519,22816.932.36$52,150
Nov 200158917,61518.072.41$53,016
Oct 200119418,45019.782.53$50,495
Sep 200158118,88524.262.25$56,611
Aug 200138820,61624.873.05$72,594
Jul 200119616,49123.933.20$57,413
Jun 200139122,95524.563.82$97,387
May 200155925,42725.524.31$123,788
Apr 200139022,75224.685.34$131,014
Mar 200159825,36824.545.38$151,064
Feb 200159420,73927.755.77$136,087
Jan 200159723,82327.478.40$216,483
Dec 200059321,92826.889.12$215,978
Nov 200057620,43332.215.66$134,163
Oct 200058420,48731.235.15$123,654
Sep 20001,16912,12531.875.19$100,142
Aug 200007,49029.644.54$34,010
Jul 200018711,83128.534.09$53,721
Jun 20001938,63429.304.40$43,621
May 20001679,55827.263.68$39,723
Apr 200016614,64924.513.12$49,715
Mar 200036616,87328.422.86$58,654
Feb 200038613,46327.622.73$47,368
Jan 200077027,98525.272.48$88,875
Dec 199956514,53224.282.42$48,940
Nov 199919711,95123.192.43$33,657
Oct 199976831,81620.982.80$105,315
Sep 199934910,98421.752.62$36,356
Aug 199905519.262.88$158
Jul 199937311,13517.892.37$33,089
Jun 199937821,27315.942.36$56,274
May 199954631,63115.792.32$82,038
Apr 199937717,57715.102.21$44,504
Mar 199954820,45812.471.84$44,442
Feb 199958022,4479.981.82$46,592
Jan 199958219,57110.381.90$43,225
Dec 199837422,2869.201.77$42,961
Nov 199877325,40710.892.19$63,951
Oct 199877926,15312.421.97$61,176
Sep 199838425,14112.592.08$57,194
Aug 199876127,73111.301.91$61,492
Jul 199819020,94311.742.24$49,086
Jun 199857728,39611.242.24$70,015
May 199858025,85812.622.21$64,371
Apr 199877326,09613.042.51$75,459
Mar 199876734,26912.802.31$88,960
Feb 199856432,57713.952.30$82,767
Jan 199875736,22714.702.15$89,189
Dec 199796437,14016.322.41$105,281
Nov 199778638,33318.193.09$132,680
Oct 19971,15441,17919.253.15$151,921
Sep 199794839,99817.742.95$135,007
Aug 199776141,68917.862.55$120,096
Jul 199795144,37617.582.25$116,429
Jun 199797344,13917.242.26$116,405
May 19971,15550,53818.972.31$138,577
Apr 19971,13950,68617.882.08$125,933
Mar 19971,15153,43918.951.94$125,437
Feb 19971,33954,32920.492.21$147,280
Jan 19971,34762,60123.483.54$253,216
Dec 19961,53866,03323.32$35,866
Nov 19961,53567,36821.97$33,724
Oct 19962,10772,17523.31$49,114
Sep 19962,27479,12922.22$50,528
Aug 19962,66086,75720.26$53,892
Jul 19963,24993,38519.55$63,518
Jun 19963,21194,58918.73$60,142
May 19964,398105,47719.43$85,453
Apr 19964,738116,48021.51$101,914
Mar 19967,214149,00519.38$139,807
Feb 19967,996172,02316.98$135,772
Jan 19964,916115,22517.07$83,916

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             3 bbl  × $106.41 =       $319
Gas                  288 Mcf  × $  3.05 =       $877

────────────────────────────────────────────────────
Month total                                   $1,196

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/158022 is the state's own key, not one this site invented.