HOPE 01

Name: HOPE 01 lease production and value, Jul 2012 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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

Gas lease lease 268707District 02Field 24492500Hydrogen sulphide field2 tax incentive programmesCondensateGasSave Export

Value, all time

$52.4 M

Jul 2012 – May 2026

Value, last 12 filed months

$408 k

at the published price for each month

Months reported

167

no gaps in the span

Streams

condensate, gas

The DE WITT (EAGLE FORD SHALE) field

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 752 leases and 817 wells, and the rule below applies to all of them.

Discovered

2009-04-22

as the register files it

Field class

Oil and gas

the register's own label

Between wells

1,200 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 2018-01-23.

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: “DOCKET #02-0305519, NUNC PRO TUNC EFF 1/23/2018.”

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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2013-09-04	210696
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	554,330 bbl	$44,230,670
Gas	Production	2,303,662 Mcf	$8,162,093
Total			$52,392,763

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 29.0194, -97.6010. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

29.01937, -97.60097 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

13,342 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 13,342 ft.

Completions filed

Jul 2012

1 of 1 wells

1 well


42-12332668	03H	13,342 ft	Jul 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 (167)

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

167 months


May 2026	474	2,613	106.41	3.05	$58,397
Apr 2026	531	3,723	98.93	2.87	$63,216
Mar 2026	44	372	89.75	3.15	$5,121
Feb 2026	243	2,107	63.50	3.75	$23,332
Jan 2026	435	3,494	59.13	8.00	$53,666
Dec 2025	451	3,966	56.66	4.41	$43,057
Nov 2025	785	5,553	58.59	3.93	$67,797
Oct 2025	967	7,558	59.38	3.30	$82,398
Sep 2025	131	886	62.74	3.08	$10,945
Aug 2025	0	0	63.93	3.01	$0
Jul 2025	0	0	66.74	3.32	$0
Jun 2025	0	0	66.48	3.13	$0
May 2025	0	0	60.55	3.23	$0
Apr 2025	6	119	62.36	3.54	$796
Mar 2025	403	2,876	67.70	4.27	$39,559
Feb 2025	468	3,621	70.88	4.34	$48,890
Jan 2025	304	2,442	74.32	4.28	$33,042
Dec 2024	381	2,220	68.99	3.12	$33,215
Nov 2024	521	3,063	69.05	2.20	$42,709
Oct 2024	552	3,167	71.37	2.28	$46,621
Sep 2024	547	3,162	69.61	2.36	$45,553
Aug 2024	575	3,344	75.63	2.06	$50,388
Jul 2024	657	3,568	79.93	2.15	$60,173
Jun 2024	489	3,039	78.08	2.63	$46,186
May 2024	573	3,421	78.81	2.20	$52,679
Apr 2024	565	3,368	84.45	1.66	$53,302
Mar 2024	669	3,503	80.30	1.55	$59,133
Feb 2024	544	3,181	76.09	1.78	$47,067
Jan 2024	540	3,098	73.02	3.30	$49,647
Dec 2023	589	3,579	71.26	2.61	$51,316
Nov 2023	549	3,413	77.89	2.81	$52,344
Oct 2023	580	3,536	85.44	3.09	$60,472
Sep 2023	561	3,451	89.04	2.74	$59,390
Aug 2023	564	3,532	80.52	2.67	$54,854
Jul 2023	581	3,578	74.85	2.64	$52,940
Jun 2023	592	3,509	68.96	2.26	$48,749
May 2023	607	3,737	70.62	2.23	$51,190
Apr 2023	603	3,670	78.12	2.24	$55,319
Mar 2023	631	3,783	72.85	2.39	$55,022
Feb 2023	583	3,426	75.11	2.47	$52,237
Jan 2023	709	4,419	76.53	3.39	$69,230
Dec 2022	482	3,066	76.41	5.73	$54,395
Nov 2022	580	3,742	85.00	5.65	$70,428
Oct 2022	582	4,077	87.18	5.86	$74,645
Sep 2022	578	3,995	84.88	8.16	$81,675
Aug 2022	587	4,007	94.52	9.13	$92,056
Jul 2022	561	4,388	101.58	7.54	$90,081
Jun 2022	603	4,240	115.09	7.98	$103,223
May 2022	560	4,511	109.37	8.43	$99,289
Apr 2022	742	4,574	104.22	6.84	$108,606
Mar 2022	709	3,974	108.88	5.08	$97,370
Feb 2022	579	3,907	91.05	4.86	$71,701
Jan 2022	578	4,505	81.84	4.54	$67,746
Dec 2021	719	4,731	71.32	3.90	$69,726
Nov 2021	658	4,705	77.43	5.24	$75,588
Oct 2021	669	5,069	79.79	5.71	$82,343
Sep 2021	736	5,030	69.86	5.35	$78,332
Aug 2021	919	4,742	66.02	4.22	$80,686
Jul 2021	646	4,289	70.78	3.98	$62,803
Jun 2021	618	3,878	69.49	3.38	$56,055
May 2021	675	4,907	63.48	3.02	$57,657
Apr 2021	797	4,891	60.36	2.76	$61,598
Mar 2021	858	5,608	61.30	2.72	$67,832
Feb 2021	535	3,911	57.80	5.55	$52,621
Jan 2021	836	6,195	50.41	2.81	$59,552
Dec 2020	899	6,288	44.64	2.68	$56,955
Nov 2020	786	5,001	38.77	2.71	$44,009
Oct 2020	829	5,268	36.97	2.48	$43,705
Sep 2020	849	5,284	37.09	1.99	$42,010
Aug 2020	859	5,645	39.98	2.39	$47,807
Jul 2020	962	5,912	38.37	1.83	$47,702
Jun 2020	961	6,089	34.90	1.69	$43,831
May 2020	650	3,856	16.92	1.81	$17,996
Apr 2020	855	5,839	14.75	1.80	$23,147
Mar 2020	759	5,300	30.34	1.86	$32,866
Feb 2020	570	3,791	49.88	1.98	$35,940
Jan 2020	625	6,229	57.25	2.09	$48,829
Dec 2019	860	7,632	59.01	2.30	$68,335
Nov 2019	433	4,817	55.30	2.75	$37,195
Oct 2019	726	7,246	53.47	2.42	$56,344
Sep 2019	1,127	7,083	55.05	2.66	$80,863
Aug 2019	1,251	7,456	53.11	2.30	$83,622
Jul 2019	1,325	7,087	56.27	2.46	$91,992
Jun 2019	1,251	5,559	52.78	2.49	$79,876
May 2019	1,236	5,491	58.48	2.74	$87,328
Apr 2019	1,215	5,368	62.63	2.75	$90,861
Mar 2019	1,249	5,545	56.80	3.06	$87,923
Feb 2019	1,186	5,129	50.85	2.79	$74,629
Jan 2019	1,380	5,118	46.03	3.23	$80,043
Dec 2018	1,445	5,317	46.59	4.19	$89,577
Nov 2018	1,396	5,448	52.93	4.24	$96,975
Oct 2018	1,467	5,933	61.44	3.40	$110,293
Sep 2018	1,513	5,882	59.54	3.11	$108,365
Aug 2018	1,552	5,732	59.40	3.07	$109,766
Jul 2018	1,550	5,967	65.14	2.93	$118,462
Jun 2018	1,492	5,770	60.18	3.08	$107,542
May 2018	1,660	6,361	65.38	2.90	$126,983
Apr 2018	1,667	6,022	63.84	2.90	$123,890
Mar 2018	1,766	6,258	61.22	2.79	$125,555
Feb 2018	1,772	6,290	61.78	2.77	$126,873
Jan 2018	1,499	6,200	62.87	4.01	$119,100
Dec 2017	1,730	6,130	57.27	2.92	$116,986
Nov 2017	1,698	6,318	55.42	3.12	$113,805
Oct 2017	1,773	6,678	49.29	2.98	$107,316
Sep 2017	1,604	6,449	47.52	3.09	$96,132
Aug 2017	1,710	6,949	45.37	3.00	$98,460
Jul 2017	1,901	7,570	43.87	3.09	$106,768
Jun 2017	1,844	7,374	42.49	3.09	$101,117
May 2017	1,975	7,832	45.37	3.26	$115,165
Apr 2017	2,044	7,652	47.93	3.21	$122,544
Mar 2017	2,142	8,012	46.77	2.98	$124,087
Feb 2017	1,986	7,500	50.45	2.95	$122,338
Jan 2017	2,157	8,461	49.41	3.42	$135,504
Dec 2016	2,157	8,565	48.76	3.72	$137,061
Nov 2016	2,117	8,601	42.49	2.64	$112,695
Oct 2016	2,218	9,180	46.19	3.09	$130,818
Sep 2016	2,179	9,147	41.55	3.10	$118,899
Aug 2016	2,344	9,917	41.44	2.92	$126,136
Jul 2016	2,420	10,164	41.62	2.92	$130,443
Jun 2016	2,442	10,153	45.35	2.69	$138,014
May 2016	2,561	10,643	42.52	1.99	$130,084
Apr 2016	2,611	10,678	36.56	1.99	$116,718
Mar 2016	2,801	11,395	33.01	1.79	$112,904
Feb 2016	2,773	11,144	26.47	2.06	$96,398
Jan 2016	2,898	12,026	27.35	2.36	$107,694
Dec 2015	3,081	12,894	32.36	2.00	$125,507
Nov 2015	3,137	13,419	38.79	2.17	$150,768
Oct 2015	3,329	14,809	43.55	2.43	$180,913
Sep 2015	3,468	15,985	42.99	2.76	$193,183
Aug 2015	3,892	17,409	40.16	2.87	$206,310
Jul 2015	3,496	14,787	48.15	2.95	$211,881
Jun 2015	3,608	15,325	56.15	2.88	$246,769
May 2015	3,930	16,753	55.21	2.96	$266,488
Apr 2015	4,044	16,908	49.82	2.71	$247,235
Mar 2015	4,465	18,303	42.89	2.93	$245,218
Feb 2015	4,194	17,724	44.66	2.98	$240,054
Jan 2015	5,003	20,810	43.43	3.10	$281,804
Dec 2014	5,191	21,724	54.69	3.59	$361,914
Nov 2014	5,244	22,659	70.46	4.25	$465,835
Oct 2014	5,754	24,803	78.30	3.90	$547,294
Sep 2014	5,707	25,390	86.16	4.05	$594,429
Aug 2014	6,395	28,150	89.39	4.04	$685,238
Jul 2014	7,039	29,714	96.56	4.18	$803,878
Jun 2014	7,495	30,180	98.16	4.74	$878,668
May 2014	8,385	33,246	94.73	4.73	$951,450
Apr 2014	9,443	35,193	95.94	4.81	$1,075,209
Mar 2014	2,990	11,170	95.89	5.06	$343,196
Feb 2014	8,757	33,983	97.40	6.19	$1,063,355
Jan 2014	10,095	38,819	90.40	4.86	$1,101,276
Dec 2013	10,848	42,522	91.82	4.35	$1,181,225
Nov 2013	10,482	39,034	88.85	3.74	$1,077,246
Oct 2013	12,289	47,879	97.42	3.78	$1,378,146
Sep 2013	11,742	45,625	104.11	3.72	$1,392,082
Aug 2013	11,385	43,939	104.25	3.52	$1,341,666
Jul 2013	11,725	45,336	102.52	3.72	$1,370,594
Jun 2013	13,987	54,287	94.40	3.93	$1,533,906
May 2013	14,729	56,190	94.83	4.15	$1,629,888
Apr 2013	15,608	59,896	93.96	4.28	$1,723,038
Mar 2013	16,783	63,936	93.62	3.91	$1,821,398
Feb 2013	16,001	61,388	91.23	3.42	$1,669,713
Jan 2013	20,174	77,507	91.60	3.42	$2,113,005
Dec 2012	22,179	85,767	86.77	3.42	$2,217,809
Nov 2012	23,908	93,427	86.95	3.62	$2,417,470
Oct 2012	26,722	103,143	89.38	3.40	$2,739,066
Sep 2012	28,456	111,741	94.67	2.92	$3,020,034
Aug 2012	30,283	91,956	92.66	2.91	$3,073,446
Jul 2012	369	4,142	85.13	3.02	$43,925

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           474 bbl  × $106.41 =    $50,438
Gas                2,613 Mcf  × $  3.05 =     $7,959

────────────────────────────────────────────────────
Month total                                  $58,397

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/268707 is the state's own key, not one this site invented.