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.

Oil lease lease 20743District 03Field 34733500OilCasinghead gasSaveExport
Value, all time
$6.4 M
Jan 1993 – May 2026
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
401
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 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
OilDisposition24,729 bbl$1,562,551
Casinghead gasProduction1,142,195 Mcf$4,803,708
Total$6,366,259

109,859 Mcf of this lease's gas, across 37 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 (2)

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 30.2750, -96.7456. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.5 miles.

30.27501, -96.74558 · 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
50.0%
1 of 2 wells
With a plug date
50.0%
1 of 2 wells
Median depth
8,937 ft
2 wells filed one
Completion to plug
8.3 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
150.0%
A plug date is filed
150.0%
BothOn the schedule and plugged. Neither fact cancels the other.
150.0%
NeitherNo plug date, and not on the schedule.
150.0%

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

Between 8,859 and 9,015 ft, median 8,937 ft, over the 2 wells that filed a depth.

Completions filed
May 2003 – Aug 2007
2 of 2 wells
Plug dates filed
Sep 2011
1 of 2 wells; 1 filed none

Last completion to plug: a median of 8.3 years across the 1 well that filed both dates, with the middle half between 8.3 years and 8.3 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

2 wells

42-287304002RE8,859 ftAug 2007
42-2873192129,015 ftMay 2003Sep 2011Yes

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 20260492106.413.05$1,499
Apr 2026088298.932.87$2,531
Mar 2026267089.753.15$2,290
Feb 2026050563.503.75$1,894
Jan 2026043759.138.00$3,495
Dec 2025027656.664.41$1,218
Nov 2025026458.593.93$1,037
Oct 2025027359.383.30$902
Sep 2025119162.743.08$650
Aug 2025016763.933.01$503
Jul 2025013066.743.32$431
Jun 2025112366.483.13$451
May 202517360.553.23$297
Apr 202504862.363.54$170
Mar 202519010767.704.27$13,320
Feb 2025031370.884.34$1,359
Jan 202506174.324.28$261
Dec 2024025568.993.12$796
Nov 2024475269.052.20$1,929
Oct 202461,12571.372.28$2,995
Sep 202481,90669.612.36$5,063
Aug 202402,74775.632.06$5,669
Jul 202412,18179.932.15$4,762
Jun 202402,57678.082.63$6,785
May 202402,88378.812.20$6,338
Apr 202418652884.451.66$16,584
Mar 202402,25880.301.55$3,489
Feb 202402,21476.091.78$3,949
Jan 202402,30973.023.30$7,614
Dec 202302,42371.262.61$6,326
Nov 20231792,38877.892.81$20,647
Oct 202302,38785.443.09$7,369
Sep 202312,27589.042.74$6,311
Aug 202302,06680.522.67$5,522
Jul 202302,16074.852.64$5,706
Jun 20231792,09868.962.26$17,082
May 202312,07970.622.23$4,701
Apr 202302,02778.122.24$4,536
Mar 202301,80772.852.39$4,324
Feb 202301,85075.112.47$4,562
Jan 20231951,99576.533.39$21,682
Dec 202202,05076.415.73$11,745
Nov 202202,12785.005.65$12,009
Oct 202202,20487.185.86$12,924
Sep 202202,12484.888.16$17,340
Aug 20221851,96694.529.13$35,430
Jul 202211,915101.587.54$14,545
Jun 202201,906115.097.98$15,205
May 202232,295109.378.43$19,682
Apr 202201,672104.226.84$11,432
Mar 202219507108.885.08$4,642
Feb 20221882,26491.054.86$28,118
Jan 202202,44781.844.54$11,104
Dec 202112,55171.323.90$10,018
Nov 202102,49877.435.24$13,082
Oct 202112,34979.795.71$13,502
Sep 20211672,28769.865.35$23,904
Aug 202102,43166.024.22$10,260
Jul 202102,55370.783.98$10,166
Jun 202102,46069.493.38$8,316
May 202102,85863.483.02$8,625
Apr 20211781,45460.362.76$14,755
Mar 202102,78361.302.72$7,561
Feb 20211781,84057.805.55$20,497
Jan 202102,57150.412.81$7,225
Dec 202002,55144.642.68$6,825
Nov 202002,54638.772.71$6,891
Oct 20201842,56536.972.48$13,160
Sep 202002,56437.091.99$5,105
Aug 202022,70339.982.39$6,527
Jul 202002,71738.371.83$4,959
Jun 202002,64434.901.69$4,469
May 20201782,77616.921.81$8,050
Apr 202002,63614.751.80$4,756
Mar 202002,77130.341.86$5,144
Feb 202002,62449.881.98$5,197
Jan 20201902,82357.252.09$16,791
Dec 201902,76659.012.30$6,374
Nov 201902,73155.302.75$7,512
Oct 201902,86453.472.42$6,927
Sep 20191782,87455.052.66$17,436
Aug 201902,98453.112.30$6,876
Jul 201903,13556.272.46$7,712
Jun 20191793,34952.782.49$17,791
May 201902,45758.482.74$6,733
Apr 201902,86562.632.75$7,881
Mar 201902,89856.803.06$8,874
Feb 20191832,65050.852.79$16,705
Jan 201902,69146.033.23$8,687
Dec 201802,76946.594.19$11,589
Nov 20181822,82152.934.24$21,587
Oct 201803,05761.443.40$10,388
Sep 201803,00359.543.11$9,333
Aug 201803,18359.403.07$9,761
Jul 201803,21365.142.93$9,420
Jun 20181863,11360.183.08$20,772
May 201803,33565.382.90$9,674
Apr 201803,02163.842.90$8,763
Mar 20181713,30961.222.79$19,690
Feb 201802,90361.782.77$8,030
Jan 20181862,99662.874.01$23,706
Dec 201703,26757.272.92$9,545
Nov 201703,13855.423.12$9,785
Oct 201703,39749.292.98$10,136
Sep 201703,18647.523.09$9,836
Aug 201702,86245.373.00$8,599
Jul 20171893,44043.873.09$18,912
Jun 201703,33042.493.09$10,281
May 201703,43245.373.26$11,200
Apr 20171943,37247.933.21$20,128
Mar 201703,42246.772.98$10,210
Feb 201703,20950.452.95$9,475
Jan 20171903,55649.413.42$21,545
Dec 201603,63048.763.72$13,514
Nov 201603,49842.492.64$9,250
Oct 20161833,67746.193.09$19,816
Sep 201603,64841.553.10$11,311
Aug 201603,78641.442.92$11,072
Jul 20161933,94141.622.92$19,557
Jun 201603,72945.352.69$10,015
May 201603,89542.521.99$7,755
Apr 201603,76336.561.99$7,492
Mar 20161953,90033.011.79$13,434
Feb 201603,82626.472.06$7,895
Jan 201604,22327.352.36$9,985
Dec 20151924,58132.362.00$15,382
Nov 201503,78438.792.17$8,201
Oct 20151934,04743.552.43$18,226
Sep 201504,20142.992.76$11,588
Aug 201504,32640.162.87$12,426
Jul 20151934,29548.152.95$21,942
Jun 201504,24756.152.88$12,244
May 201504,52255.212.96$13,365
Apr 20151844,31349.822.71$20,840
Mar 201504,49642.892.93$13,194
Feb 20151903,99644.662.98$20,378
Jan 201504,63543.433.10$14,371
Dec 20141954,89754.693.59$28,251
Nov 20141934,68470.464.25$33,514
Oct 201405,08078.303.90$19,817
Sep 201405,10986.164.05$20,668
Aug 20141915,31989.394.04$38,536
Jul 201405,39796.564.18$22,557
Jun 20141895,21098.164.74$43,231
May 201405,41894.734.73$25,609
Apr 20141915,25795.944.81$43,606
Mar 201405,69295.895.06$28,783
Feb 20141955,15697.406.19$50,919
Jan 20141995,82790.404.86$46,313
Dec 201306,04591.824.35$26,323
Nov 20131905,78588.853.74$38,507
Oct 20131836,51897.423.78$42,462
Sep 201306,550104.113.72$24,351
Aug 20131906,878104.253.52$44,036
Jul 20131896,585102.523.72$43,858
Jun 201307,32794.403.93$28,820
May 20131947,53694.834.15$49,664
Apr 201305,72093.964.28$24,496
Mar 20131926,53993.623.91$43,561
Feb 201304,27591.233.42$14,620
Jan 20131974,50391.603.42$33,445
Dec 201204,79186.773.42$16,386
Nov 201201,99586.953.62$7,232
Oct 20121884,16389.383.40$30,956
Sep 201205,58594.672.92$16,299
Aug 20121925,56392.662.91$33,969
Jul 201206,20985.133.02$18,756
Jun 20121836,07779.822.52$29,915
May 20121926,20691.612.49$33,032
Apr 201206,244101.652.00$12,468
Mar 20121946,564105.052.22$34,965
Feb 20121856,359101.102.57$35,048
Jan 20121966,78298.092.73$37,768
Dec 201106,37496.873.24$20,650
Nov 20111835,92595.723.31$37,136
Oct 20111945,74384.983.65$37,440
Sep 201106,02983.623.99$24,030
Aug 201106,40483.404.15$26,572
Jul 20111796,43094.144.52$45,897
Jun 20111856,35492.904.64$46,668
May 201107,06898.134.40$31,133
Apr 20111837,137105.964.33$50,317
Mar 20111887,77796.364.06$49,670
Feb 20111946,28385.644.18$42,877
Jan 20111978,06486.504.59$54,044
Dec 20101717,60385.734.35$47,716
Nov 20101916,91680.843.80$41,689
Oct 201006,68878.103.51$23,467
Sep 20101906,16372.633.98$38,325
Aug 201006,12373.684.42$27,060
Jul 20101886,34772.554.74$43,702
Jun 201002,92970.364.91$14,383
May 20101927,19671.124.24$44,132
Apr 20101556,24581.694.12$38,408
Mar 20101957,19778.394.39$46,871
Feb 201003,60373.585.44$19,609
Jan 20101876,64274.365.96$53,519
Dec 20091967,16271.445.48$53,277
Nov 20091946,17574.593.75$37,636
Oct 20091949,53272.544.11$53,252
Sep 20091859,39065.543.06$40,903
Aug 200909,52567.423.22$30,656
Jul 20091929,84561.133.46$45,845
Jun 20091929,45866.163.90$49,542
May 20091819,82454.743.93$48,475
Apr 20091909,52546.773.59$43,057
Mar 200909,58042.144.06$38,885
Feb 20093778,87732.814.63$53,497
Jan 2009010,01135.865.37$53,769
Dec 200840011,18537.105.98$81,694
Nov 20081849,56255.496.86$75,809
Oct 200819411,58975.246.92$94,815
Sep 200809,929101.767.88$78,212
Aug 200819110,709114.228.48$112,661
Jul 200819311,730131.0811.39$158,896
Jun 200819312,571131.3313.03$189,180
May 200819615,462123.1711.57$203,103
Apr 200838714,273110.3110.45$191,912
Mar 200819615,314101.909.66$167,968
Feb 200858614,82492.538.77$184,238
Jan 200839815,24790.388.21$161,084
Dec 200739115,59588.337.30$148,411
Nov 200719314,74691.677.29$125,216
Oct 200738715,72382.856.92$140,897
Sep 200757519,24775.846.24$163,789
Aug 200704,75169.066.39$30,349
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
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 20030026.314.75$0
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 20020026.914.85$0
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 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
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 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 2000183031.235.15$5,715
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
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 19990021.752.62$0
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 19990010.381.90$0
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 19980013.042.51$0
Mar 19980012.802.31$0
Feb 19980013.952.30$0
Jan 19980014.702.15$0
Dec 19970016.322.41$0
Nov 19970018.193.09$0
Oct 19970019.253.15$0
Sep 19970017.742.95$0
Aug 19970017.862.55$0
Jul 19970017.582.25$0
Jun 19970017.242.26$0
May 19970018.972.31$0
Apr 19970017.882.08$0
Mar 19970018.951.94$0
Feb 19970020.492.21$0
Jan 19970023.483.54$0
Dec 19960023.32$0
Nov 19960021.97$0
Oct 19960023.31$0
Sep 19960022.22$0
Aug 19960020.26$0
Jul 19960019.55$0
Jun 19960018.73$0
May 19960019.43$0
Apr 19960021.51$0
Mar 19960019.38$0
Feb 19960016.98$0
Jan 19963833,72417.07$6,538
Dec 199501,36917.19$0
Nov 199501,17816.00$0
Oct 19951941,68515.43$2,993
Sep 199501,89316.18$0
Aug 19951872,22915.92$2,977
Jul 199502,69815.24$0
Jun 19951972,94016.41$3,233
May 199503,98317.56$0
Apr 19952024,44017.73$3,581
Mar 19953775,46216.44$6,198
Feb 19953815,81416.58$6,317
Jan 199507,77115.92$0
Dec 1994095115.03$0
Nov 199421,21715.90$32
Oct 199421,35515.58$31
Sep 1994092815.29$0
Aug 199401,67916.13$0
Jul 19941652,75317.56$2,897
Jun 19943732,88417.09$6,375
May 199402,95015.88$0
Apr 199402,58614.14$0
Mar 19943463,02512.46$4,311
Feb 199402,75312.50$0
Jan 19941822,77112.66$2,304
Dec 19933723,05512.33$4,587
Nov 199303,07014.49$0
Oct 19933673,26615.85$5,817
Sep 199303,01115.03$0
Aug 19933763,08215.66$5,888
Jul 199303,33015.46$0
Jun 199302,95316.79$0
May 19933703,53617.68$6,542
Apr 199303,45318.05$0
Mar 19933673,65618.14$6,657
Feb 199302,96117.90$0
Jan 19933573,44816.93$6,044

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                    0 bbl  × $106.41 =         $0
Casinghead gas       492 Mcf  × $  3.05 =     $1,499

────────────────────────────────────────────────────
Month total                                   $1,499

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/20743 is the state's own key, not one this site invented.