RUBEN SAENZ 01

Operated by MARATHON OIL EF LLC (P-5 525398) in the SUGARKANE (EAGLE FORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 268523District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$10.1 M
May 2012 – May 2026
Value, last 12 filed months
$104 k
at the published price for each month
Months reported
169
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 1,993 leases and 2,259 wells, and the rule below applies to all of them.

Discovered
2009-12-01
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 2017-10-10.

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: GAS WELLS

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 Gas112013-09-04210707
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
CondensateDisposition2,445 bbl$179,412
GasProduction2,971,121 Mcf$9,938,065
Total$10,117,477

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 28.5047, -98.2296. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.50472, -98.22961 · 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
13,478 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 13,478 ft.

Completions filed
May 2012
1 of 1 wells

1 well

42-2973511301H13,478 ftMay 2012

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 (169)

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

169 months

May 202600106.413.05$0
Apr 2026011998.932.87$342
Mar 20260089.753.15$0
Feb 202601,94963.503.75$7,309
Jan 202612,31759.138.00$18,590
Dec 202503,00656.664.41$13,267
Nov 202503,03358.593.93$11,909
Oct 202503,12059.383.30$10,311
Sep 202503,10762.743.08$9,560
Aug 202503,42063.933.01$10,310
Jul 202503,42566.743.32$11,355
Jun 202503,65966.483.13$11,448
May 202503,02960.553.23$9,791
Apr 202513,03262.363.54$10,805
Mar 202513,14767.704.27$13,500
Feb 202503,10170.884.34$13,461
Jan 202502,43474.324.28$10,414
Dec 202403,11968.993.12$9,736
Nov 202403,13669.052.20$6,894
Oct 202403,26071.372.28$7,437
Sep 202403,11069.612.36$7,353
Aug 202403,30875.632.06$6,826
Jul 202403,48379.932.15$7,477
Jun 202403,69778.082.63$9,738
May 202402,69478.812.20$5,923
Apr 202401,48484.451.66$2,462
Mar 202403,16180.301.55$4,884
Feb 202404,77176.091.78$8,510
Jan 202426,27873.023.30$20,849
Dec 202303,89171.262.61$10,158
Nov 202303,10677.892.81$8,720
Oct 202306,09285.443.09$18,808
Sep 202302,59289.042.74$7,089
Aug 2023020980.522.67$559
Jul 2023067774.852.64$1,789
Jun 202303,86068.962.26$8,718
May 202302,83370.622.23$6,310
Apr 2023079378.122.24$1,775
Mar 202313,75272.852.39$9,052
Feb 202302,93975.112.47$7,247
Jan 2023483,36176.533.39$15,060
Dec 2022394,06676.415.73$26,274
Nov 2022535,04485.005.65$32,984
Oct 2022312,89287.185.86$19,661
Sep 2022232,44584.888.16$21,912
Aug 2022353,89794.529.13$38,877
Jul 2022374,393101.587.54$36,891
Jun 2022354,880115.097.98$42,957
May 2022295,136109.378.43$46,484
Apr 2022234,959104.226.84$36,305
Mar 2022255,504108.885.08$30,663
Feb 2022174,34091.054.86$22,635
Jan 2022345,29181.844.54$26,791
Dec 2021164,78971.323.90$19,814
Nov 2021215,02877.435.24$27,957
Oct 2021155,27579.795.71$31,338
Sep 2021215,17469.865.35$29,153
Aug 2021145,46866.024.22$24,002
Jul 2021225,38470.783.98$22,997
Jun 2021155,25969.493.38$18,821
May 2021225,52963.483.02$18,081
Apr 2021245,62660.362.76$16,968
Mar 2021246,12061.302.72$18,099
Feb 2021235,02857.805.55$29,224
Jan 2021295,93750.412.81$18,146
Dec 2020386,07544.642.68$17,950
Nov 2020355,94938.772.71$17,458
Oct 2020386,23636.972.48$16,860
Sep 2020326,22237.091.99$13,575
Aug 2020326,79539.982.39$17,486
Jul 2020286,45938.371.83$12,863
Jun 2020306,28434.901.69$11,669
May 2020326,64616.921.81$12,602
Apr 2020286,59414.751.80$12,311
Mar 2020297,04430.341.86$13,955
Feb 2020235,50449.881.98$12,049
Jan 2020256,50257.252.09$15,051
Dec 2019276,71659.012.30$17,069
Nov 2019237,02555.302.75$20,596
Oct 2019206,48653.472.42$16,756
Sep 201906,79055.052.66$18,043
Aug 201906,72853.112.30$15,504
Jul 201986,85056.272.46$17,302
Jun 201917,14552.782.49$17,852
May 201907,52358.482.74$20,615
Apr 201907,43962.632.75$20,462
Mar 201907,88056.803.06$24,129
Feb 201907,04450.852.79$19,668
Jan 201908,00346.033.23$25,835
Dec 201808,14246.594.19$34,078
Nov 201807,51852.934.24$31,856
Oct 201808,09261.443.40$27,497
Sep 201807,83759.543.11$24,357
Aug 201808,17859.403.07$25,078
Jul 201808,36365.142.93$24,519
Jun 201808,18560.183.08$25,185
May 201808,43465.382.90$24,465
Apr 201808,40763.842.90$24,387
Mar 201808,88561.222.79$24,761
Feb 201808,14561.782.77$22,530
Jan 201828,90962.874.01$35,845
Dec 201708,95057.272.92$26,148
Nov 201708,93155.423.12$27,850
Oct 201709,44249.292.98$28,172
Sep 201709,69547.523.09$29,931
Aug 201709,46045.373.00$28,422
Jul 2017010,18143.873.09$31,432
Jun 2017010,06642.493.09$31,077
May 2017010,70945.373.26$34,948
Apr 2017010,15247.933.21$32,604
Mar 2017010,49246.772.98$31,305
Feb 201709,94550.452.95$29,364
Jan 2017311,59449.413.42$39,786
Dec 2016011,75448.763.72$43,758
Nov 2016011,73142.492.64$31,021
Oct 2016012,47346.193.09$38,545
Sep 2016012,41441.553.10$38,491
Aug 2016012,90041.442.92$37,724
Jul 2016013,30241.622.92$38,900
Jun 2016013,26345.352.69$35,622
May 2016014,20342.521.99$28,279
Apr 2016014,54936.561.99$28,968
Mar 2016015,92033.011.79$28,561
Feb 2016316,64526.472.06$34,429
Jan 2016114,49727.352.36$34,303
Dec 2015014,78932.362.00$29,599
Nov 2015014,14338.792.17$30,653
Oct 2015015,34443.552.43$37,233
Sep 2015015,36542.992.76$42,383
Aug 2015016,43440.162.87$47,207
Jul 2015017,21648.152.95$50,703
Jun 2015017,68656.152.88$50,986
May 2015018,52755.212.96$54,756
Apr 20151019,31449.822.71$52,773
Mar 20152220,45942.892.93$60,985
Feb 20151917,94344.662.98$54,250
Jan 20152519,96743.433.10$62,996
Dec 20141721,95454.693.59$79,774
Nov 201423717,17870.464.25$89,737
Oct 2014118,12578.303.90$70,783
Sep 2014120,29686.164.05$82,192
Aug 2014119,06989.394.04$77,035
Jul 2014322,73296.564.18$95,300
Jun 2014521,22998.164.74$101,050
May 20141623,44994.734.73$112,349
Apr 2014726,50695.944.81$128,142
Mar 2014029,97195.895.06$151,557
Feb 2014028,57597.406.19$176,936
Jan 2014030,09690.404.86$146,288
Dec 2013030,40091.824.35$132,376
Nov 2013039,06288.853.74$146,025
Oct 2013040,74897.423.78$154,001
Sep 2013041,372104.113.72$153,810
Aug 2013045,598104.253.52$160,624
Jul 2013048,762102.523.72$181,284
Jun 2013048,70594.403.93$191,577
May 2013055,45294.834.15$230,075
Apr 2013057,27693.964.28$245,290
Mar 2013062,13093.623.91$243,107
Feb 2013060,09891.233.42$205,530
Jan 2013090,39391.603.42$309,136
Dec 2012080,02186.773.42$273,685
Nov 20120109,00986.953.62$395,153
Oct 20120125,21689.383.40$425,694
Sep 201240142,50594.672.92$419,673
Aug 2012184173,23292.662.91$520,836
Jul 2012247206,15385.133.02$643,774
Jun 2012348195,66079.822.52$520,653
May 201212353,69291.612.49$144,871

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                  119 Mcf  × $  2.87 =       $342

────────────────────────────────────────────────────
Month total                                     $342

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. 02/G/268523 is the state's own key, not one this site invented.