SCHULZ ESTATE 02

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 268836District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$15.0 M
Dec 2012 – May 2026
Value, last 12 filed months
$259 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 Gas112014-03-31210920
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
CondensateDisposition128,122 bbl$10,468,480
GasProduction1,258,860 Mcf$4,574,789
Total$15,043,268

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, -98.2045. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.54273, -98.20448 · 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
13,010 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 13,010 ft.

Completions filed
Dec 2012
1 of 1 wells

1 well

42-2973520501H13,010 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 20261262,874106.413.05$22,161
Apr 20262863,51698.932.87$38,384
Mar 2026651,30889.753.15$9,953
Feb 20261931,56263.503.75$18,114
Jan 20263012,40959.138.00$37,065
Dec 20253242,72656.664.41$30,389
Nov 20252172,86658.593.93$23,967
Oct 20251322,95959.383.30$17,617
Sep 20251473,13862.743.08$18,878
Aug 20251082,49963.933.01$14,438
Jul 20251964,49366.743.32$27,976
Jun 202509466.483.13$294
May 2025424660.553.23$1,037
Apr 20252273,17862.363.54$25,416
Mar 2025321967.704.27$1,138
Feb 20251241,75670.884.34$16,412
Jan 2025351,11374.324.28$7,363
Dec 2024521,00768.993.12$6,731
Nov 20241948969.052.20$2,387
Oct 20241031,73771.372.28$11,314
Sep 2024881,61269.612.36$9,937
Aug 2024791,78175.632.06$9,650
Jul 20241151,88379.932.15$13,234
Jun 20241281,94478.082.63$15,115
May 20241261,91978.812.20$14,149
Apr 2024214884.451.66$414
Mar 20241001,62280.301.55$10,536
Feb 20241482,00076.091.78$14,829
Jan 2024802,39773.023.30$13,746
Dec 202302,49771.262.61$6,519
Nov 2023088177.892.81$2,473
Oct 202301,78985.443.09$5,523
Sep 202302,12289.042.74$5,804
Aug 202301,44980.522.67$3,873
Jul 202302,55274.852.64$6,742
Jun 2023062968.962.26$1,421
May 202307170.622.23$158
Apr 2023013278.122.24$295
Mar 202301,94872.852.39$4,662
Feb 20232591,51775.112.47$23,194
Jan 20233942,25976.533.39$37,806
Dec 20223082,27576.415.73$36,568
Nov 20221852,37585.005.65$29,135
Oct 20222551,83487.185.86$32,985
Sep 20222202,46884.888.16$38,822
Aug 20221322,21594.529.13$32,693
Jul 20221201,777101.587.54$25,592
Jun 20221722,572115.097.98$40,313
May 20221672,676109.378.43$40,832
Apr 20221852,581104.226.84$36,929
Mar 20224152,742108.885.08$59,105
Feb 20222632,33191.054.86$35,272
Jan 20221482,66781.844.54$24,214
Dec 20212022,67571.323.90$24,837
Nov 20211582,67677.435.24$26,248
Oct 20211612,79179.795.71$28,794
Sep 20211682,71169.865.35$26,243
Aug 20211742,83766.024.22$23,461
Jul 20211772,90870.783.98$24,108
Jun 20211662,88269.493.38$21,278
May 20211843,03363.483.02$20,833
Apr 20211883,04060.362.76$19,733
Mar 20212113,17261.302.72$21,552
Feb 20211813,01457.805.55$27,183
Jan 20211842,98550.412.81$17,664
Dec 20201872,87344.642.68$16,034
Nov 20201832,97238.772.71$15,139
Oct 20201943,10936.972.48$14,878
Sep 20201913,06037.091.99$13,177
Aug 20202053,26039.982.39$15,971
Jul 20202083,27438.371.83$13,956
Jun 20201993,13534.901.69$12,244
May 20201943,14716.921.81$8,994
Apr 20202063,26114.751.80$8,923
Mar 20202143,62230.341.86$13,216
Feb 20201472,89449.881.98$13,064
Jan 20201503,43257.252.09$15,777
Dec 20191283,06859.012.30$14,623
Nov 20191203,19255.302.75$15,416
Oct 20191033,36653.472.42$13,648
Sep 20191333,30355.052.66$16,099
Aug 20191423,50153.112.30$15,609
Jul 20191223,53856.272.46$15,569
Jun 20191263,44052.782.49$15,220
May 20191333,54958.482.74$17,503
Apr 20191533,61862.632.75$19,534
Mar 20191743,73856.803.06$21,329
Feb 20191613,42250.852.79$17,742
Jan 20191743,75346.033.23$20,125
Dec 20181783,88846.594.19$24,566
Nov 20181653,72252.934.24$24,504
Oct 20182794,02661.443.40$30,822
Sep 20183833,95859.543.11$35,105
Aug 20183094,15459.403.07$31,093
Jul 20182874,19665.142.93$30,997
Jun 20181764,10460.183.08$23,219
May 20182844,39865.382.90$31,326
Apr 20183094,20263.842.90$31,916
Mar 20184394,36161.222.79$39,029
Feb 20185073,99261.782.77$42,365
Jan 20184044,21262.874.01$42,287
Dec 20174114,38857.272.92$36,358
Nov 20173824,31055.423.12$34,611
Oct 20173904,69549.292.98$33,231
Sep 20174904,90347.523.09$38,422
Aug 20173283,77045.373.00$26,208
Jul 20174364,98243.873.09$34,508
Jun 20174705,08042.493.09$35,654
May 20174685,34445.373.26$38,673
Apr 20174555,27547.933.21$38,749
Mar 20174435,53046.772.98$37,219
Feb 20173975,11050.452.95$35,116
Jan 20174515,83649.413.42$42,236
Dec 20164445,90448.763.72$43,629
Nov 20164305,96542.492.64$34,044
Oct 20164566,34846.193.09$40,680
Sep 20164216,34541.553.10$37,166
Aug 20164226,76341.442.92$37,265
Jul 20164636,92541.622.92$39,521
Jun 20165136,92245.352.69$41,856
May 20165557,35542.521.99$38,243
Apr 20165737,48936.561.99$35,860
Mar 20166018,19333.011.79$34,537
Feb 20166227,80026.472.06$32,561
Jan 20166777,40327.352.36$36,019
Dec 20156847,47932.362.00$37,103
Nov 20156627,58238.792.17$42,112
Oct 20157168,27443.552.43$51,259
Sep 20157098,22742.992.76$53,173
Aug 20157538,66640.162.87$55,133
Jul 20157898,93848.152.95$64,313
Jun 20158119,25156.152.88$72,207
May 201590610,12355.212.96$79,938
Apr 201594010,14249.822.71$74,281
Mar 20151,04410,54042.892.93$75,709
Feb 20151,00310,79144.662.98$76,910
Jan 20151,24113,80643.433.10$96,704
Dec 20149449,12554.693.59$84,399
Nov 20141,06911,77470.464.25$125,383
Oct 20141,21713,24678.303.90$146,963
Sep 20141,32012,64086.164.05$164,866
Aug 20141,32713,78989.394.04$174,261
Jul 20141,50414,85796.564.18$207,323
Jun 20141,53715,53198.164.74$224,440
May 20141,83117,30194.734.73$255,225
Apr 20141,92517,84695.944.81$270,508
Mar 20142,13919,32395.895.06$302,821
Feb 20142,08818,98597.406.19$320,926
Jan 20142,43221,97790.404.86$326,677
Dec 20132,61122,02691.824.35$335,654
Nov 20132,82025,65988.853.74$346,478
Oct 20133,22329,22297.423.78$424,425
Sep 20133,68433,568104.113.72$508,338
Aug 20133,97734,245104.253.52$535,234
Jul 20134,74439,953102.523.72$634,890
Jun 20135,38843,96194.403.93$681,544
May 20136,27749,19394.834.15$799,354
Apr 20137,11054,35793.964.28$900,844
Mar 20138,59563,52893.623.91$1,053,241
Feb 20139,08565,51991.233.42$1,052,894
Jan 201312,86280,03291.603.42$1,451,861
Dec 20122859,43186.773.42$56,985

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           126 bbl  × $106.41 =    $13,408
Gas                2,874 Mcf  × $  3.05 =     $8,754

────────────────────────────────────────────────────
Month total                                  $22,161

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/268836 is the state's own key, not one this site invented.