SCHULZ ESTATE 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 268802District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.9 M
Dec 2012 – May 2026
Value, last 12 filed months
$261 k
at the published price for each month
Months reported
162
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 Gas112014-03-31210927
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
CondensateDisposition134,895 bbl$10,845,326
GasProduction1,419,835 Mcf$5,068,446
Total$15,913,772

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 28.5427, -98.2027. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.54270, -98.20275 · 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
12,993 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 12,993 ft.

Completions filed
Dec 2012
1 of 1 wells

1 well

42-2973520601H12,993 ftDec 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 (162)

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

162 months

May 20262641,669106.413.05$33,176
Apr 20262252,19998.932.87$28,570
Mar 20268888589.753.15$10,685
Feb 20261782,47463.503.75$20,581
Jan 20262542,73559.138.00$36,893
Dec 20254480356.664.41$6,037
Nov 20251522,53258.593.93$18,847
Oct 20251313,73559.383.30$20,122
Sep 20251274,13462.743.08$20,688
Aug 20251354,53763.933.01$22,309
Jul 20251444,02866.743.32$22,964
Jun 20251353,66566.483.13$20,442
May 20251593,06360.553.23$19,528
Apr 20251722,38362.363.54$19,169
Mar 20251722,34867.704.27$21,666
Feb 20251561,69870.884.34$18,428
Jan 20251631,58774.324.28$18,904
Dec 20241511,75368.993.12$15,889
Nov 20241442,60169.052.20$15,661
Oct 20241323,44271.372.28$17,273
Sep 20241273,88469.612.36$18,024
Aug 20241584,46175.632.06$21,155
Jul 20241504,17179.932.15$20,943
Jun 20241364,10978.082.63$21,442
May 20241383,45978.812.20$18,480
Apr 20241602,66284.451.66$17,929
Mar 20241602,22380.301.55$16,283
Feb 20241651,76076.091.78$15,694
Jan 20241641,61173.023.30$17,288
Dec 20231751,43071.262.61$16,204
Nov 20231231,56877.892.81$13,983
Oct 2023961,77185.443.09$13,670
Sep 20231142,59489.042.74$17,245
Aug 2023722,02080.522.67$11,197
Jul 20231166,53774.852.64$25,952
Jun 2023411,80868.962.26$6,911
May 20231823,78870.622.23$21,290
Apr 20231292,57878.122.24$15,846
Mar 202332,97872.852.39$7,345
Feb 2023441,69875.112.47$7,492
Jan 2023662,01576.533.39$11,877
Dec 2022863,68076.415.73$27,654
Nov 20226886985.005.65$10,687
Oct 2022527787.185.86$2,060
Sep 20222981384.888.16$9,099
Aug 20221142,11994.529.13$30,116
Jul 20221191,973101.587.54$26,969
Jun 20221532,899115.097.98$40,735
May 20221723,078109.378.43$44,769
Apr 20221582,853104.226.84$35,974
Mar 20221702,811108.885.08$32,779
Feb 20221712,84691.054.86$29,398
Jan 20221833,22981.844.54$29,629
Dec 20212393,24571.323.90$29,698
Nov 20211753,17477.435.24$30,172
Oct 20211813,33279.795.71$33,481
Sep 20211873,28469.865.35$30,636
Aug 20211913,61266.024.22$27,855
Jul 20211993,87870.783.98$29,528
Jun 20211853,60069.493.38$25,026
May 20212063,68663.483.02$24,200
Apr 20212113,62260.362.76$22,727
Mar 20212253,98461.302.72$24,617
Feb 20211903,09657.805.55$28,158
Jan 20212183,52150.412.81$20,884
Dec 20202213,61244.642.68$19,529
Nov 20202023,48638.772.71$17,267
Oct 20202113,64436.972.48$16,832
Sep 20202053,53437.091.99$14,640
Aug 20202173,73939.982.39$17,594
Jul 20202093,84138.371.83$15,030
Jun 20201943,35634.901.69$12,443
May 20202424,13716.921.81$11,602
Apr 20202464,13514.751.80$11,090
Mar 20202754,82230.341.86$17,294
Feb 20201933,47749.881.98$16,514
Jan 20201843,16457.252.09$17,162
Dec 20191873,48559.012.30$19,066
Nov 20191783,44555.302.75$19,320
Oct 20191673,64153.472.42$17,735
Sep 20192714,11755.052.66$25,859
Aug 20192754,15053.112.30$24,168
Jul 20192814,18756.272.46$26,112
Jun 20192764,01452.782.49$24,567
May 20193214,39758.482.74$30,821
Apr 20193234,27962.632.75$32,000
Mar 20193514,45656.803.06$33,582
Feb 20193304,07650.852.79$28,162
Jan 20193474,56946.033.23$30,722
Dec 20183444,66146.594.19$35,535
Nov 20183194,54752.934.24$36,151
Oct 20183334,83361.443.40$36,882
Sep 20183114,76059.543.11$33,311
Aug 20183295,00259.403.07$34,882
Jul 20183535,07165.142.93$37,862
Jun 20183565,00360.183.08$36,818
May 20183955,22865.382.90$40,990
Apr 20184175,10963.842.90$41,441
Mar 20184735,22661.222.79$43,521
Feb 20184264,76461.782.77$39,496
Jan 20184435,21362.874.01$48,752
Dec 20174135,28557.272.92$39,093
Nov 20174095,21255.423.12$38,920
Oct 20174375,58549.292.98$38,204
Sep 20173835,74847.523.09$35,946
Aug 20173835,61845.373.00$34,255
Jul 20174386,22243.873.09$38,424
Jun 20174466,18242.493.09$38,036
May 20175396,61745.373.26$46,048
Apr 20174656,39947.933.21$42,838
Mar 20175096,78946.772.98$44,062
Feb 20174866,25050.452.95$42,972
Jan 20175136,92549.413.42$49,023
Dec 20165037,20148.763.72$51,334
Nov 20164987,27042.492.64$40,384
Oct 20165437,62546.193.09$48,644
Sep 20165057,73141.553.10$44,954
Aug 20165388,19041.442.92$46,245
Jul 20165618,42041.622.92$47,972
Jun 20165788,41945.352.69$48,824
May 20166339,07142.521.99$44,976
Apr 20166919,20136.561.99$43,583
Mar 20166859,82633.011.79$40,240
Feb 20167209,62726.472.06$38,925
Jan 20167948,98427.352.36$42,957
Dec 20157808,80632.362.00$42,865
Nov 20157528,99338.792.17$48,661
Oct 20158069,73443.552.43$58,722
Sep 20157709,86542.992.76$60,314
Aug 201583410,64740.162.87$64,077
Jul 201589411,25548.152.95$76,193
Jun 201589911,28956.152.88$83,023
May 20151,01712,00055.212.96$91,614
Apr 20151,04411,81549.822.71$83,990
Mar 20151,16812,82542.892.93$87,733
Feb 20151,08611,44944.662.98$82,575
Jan 20151,23716,77243.433.10$105,727
Dec 20141,02113,04554.693.59$102,688
Nov 20141,05213,90970.464.25$133,263
Oct 20141,17015,19978.303.90$150,902
Sep 20141,41815,11486.164.05$183,318
Aug 20141,58915,57389.394.04$204,880
Jul 20141,71516,77896.564.18$235,726
Jun 20141,79917,87698.164.74$261,266
May 20141,93119,78794.734.73$276,448
Apr 20141,98520,19995.944.81$287,580
Mar 20142,28521,60995.895.06$328,381
Feb 20142,18721,00597.406.19$343,077
Jan 20142,50423,31290.404.86$339,675
Dec 20132,86926,01891.824.35$376,726
Nov 20132,99028,40188.853.74$371,832
Oct 20133,34331,37497.423.78$444,249
Sep 20133,63233,243104.113.72$501,716
Aug 20134,07936,414104.253.52$553,508
Jul 20134,70740,395102.523.72$632,740
Jun 20135,32644,82394.403.93$679,082
May 20135,99347,08794.834.15$763,684
Apr 20136,58350,53193.964.28$834,942
Mar 20138,62765,85093.623.91$1,065,322
Feb 20139,15567,75491.233.42$1,066,923
Jan 201312,78781,61891.603.42$1,450,415
Dec 20123069,01786.773.42$57,391

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           264 bbl  × $106.41 =    $28,092
Gas                1,669 Mcf  × $  3.05 =     $5,084

────────────────────────────────────────────────────
Month total                                  $33,176

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/268802 is the state's own key, not one this site invented.