HANDY 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 270407District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$33.9 M
Feb 2013 – May 2026
Value, last 12 filed months
$347 k
at the published price for each month
Months reported
160
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 Gas112014-05-14212216
NGPA2none

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
CondensateDisposition395,838 bbl$30,075,593
GasProduction1,038,294 Mcf$3,812,906
Total$33,888,499

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 28.8834, -97.7897. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.88341, -97.78975 · 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
12,910 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 12,910 ft.

Completions filed
Feb 2013
1 of 1 wells

1 well

42-255325630105H12,910 ftFeb 2013

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 (160)

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

160 months

May 2026256987106.413.05$30,247
Apr 20263531,33298.932.87$38,745
Mar 20263871,35889.753.15$39,010
Feb 20263651,18963.503.75$27,637
Jan 202610295659.138.00$13,677
Dec 20253051,31556.664.41$23,085
Nov 20252791,08758.593.93$20,615
Oct 20253511,24059.383.30$24,940
Sep 20254411,27762.743.08$31,598
Aug 20257451,66063.933.01$52,632
Jul 202542056766.743.32$29,911
Jun 20252245366.483.13$15,057
May 20255411,13260.553.23$36,417
Apr 20255041,23262.363.54$35,795
Mar 20253601,04367.704.27$28,824
Feb 202532490070.884.34$26,872
Jan 20253441,71374.324.28$32,895
Dec 20245091,46168.993.12$39,676
Nov 20244231,32469.052.20$32,119
Oct 20245881,62571.372.28$45,673
Sep 20247341,77869.612.36$55,298
Aug 20248262,82075.632.06$68,290
Jul 202439571579.932.15$33,107
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20236174.852.64$452
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20236223878.122.24$5,376
Mar 202314654272.852.39$11,933
Feb 202310528375.112.47$8,584
Jan 202313430576.533.39$11,288
Dec 202212238876.415.73$11,545
Nov 20223351,51885.005.65$37,046
Oct 20225612,96787.185.86$66,306
Sep 20225942,96784.888.16$74,640
Aug 20226961,47594.529.13$79,248
Jul 20228822,099101.587.54$105,424
Jun 20221,1423,416115.097.98$158,683
May 20221,2345,557109.378.43$181,825
Apr 2022711,330104.226.84$16,494
Mar 20224062,577108.885.08$57,287
Feb 20225533,37691.054.86$66,754
Jan 20227344,06181.844.54$78,498
Dec 20216874,25971.323.90$65,603
Nov 20216604,13377.435.24$72,748
Oct 20216544,12179.795.71$75,730
Sep 20217553,85169.865.35$73,351
Aug 20219873,84966.024.22$81,407
Jul 20218733,72770.783.98$76,632
Jun 20218803,50769.493.38$73,007
May 20218053,74463.483.02$62,400
Apr 20219863,78260.362.76$69,947
Mar 20211,1544,33361.302.72$82,513
Feb 20218624,05357.805.55$72,309
Jan 20219184,32050.412.81$58,417
Dec 20209815344.642.68$4,784
Nov 20202951,12438.772.71$14,479
Oct 202021142436.972.48$8,852
Sep 20207632,90537.091.99$34,084
Aug 20208573,39339.982.39$42,356
Jul 20208213,74438.371.83$38,335
Jun 20207863,65934.901.69$33,616
May 20208203,89516.921.81$20,943
Apr 20207913,97814.751.80$18,845
Mar 20207944,28030.341.86$32,035
Feb 20208423,89549.881.98$49,714
Jan 20206203,27757.252.09$42,359
Dec 20195022,49359.012.30$35,368
Nov 20195873,82155.302.75$42,972
Oct 20197914,20853.472.42$52,472
Sep 20191,0263,85355.052.66$66,720
Aug 20199483,40353.112.30$58,190
Jul 20191,0193,68756.272.46$66,409
Jun 20191,0153,74952.782.49$62,911
May 20191,1254,14958.482.74$77,160
Apr 20191,1763,85462.632.75$84,254
Mar 20195271,89656.803.06$35,739
Feb 20191,0293,15450.852.79$61,131
Jan 20191,1583,80746.033.23$65,592
Dec 20181,0633,64346.594.19$64,773
Nov 20181,1224,28152.934.24$77,527
Oct 20181,2714,56161.443.40$93,589
Sep 20181,2063,62159.543.11$83,059
Aug 20181,3104,33959.403.07$91,120
Jul 20181,3515,39465.142.93$103,819
Jun 20181,4855,19060.183.08$105,337
May 20181,7015,45265.382.90$127,027
Apr 20181,6955,56663.842.90$124,355
Mar 20181,2204,09761.222.79$86,106
Feb 20186922,90461.782.77$50,785
Jan 20189872,44962.874.01$71,872
Dec 20171,0433,94757.272.92$71,264
Nov 20171,1934,07555.423.12$78,823
Oct 20171,6255,31049.292.98$95,940
Sep 20171,7605,82647.523.09$101,622
Aug 20171,4044,34945.373.00$76,766
Jul 20171,9215,54743.873.09$101,399
Jun 20172,0945,62542.493.09$106,340
May 20172,1635,57745.373.26$116,335
Apr 20171,9325,63147.933.21$110,685
Mar 20171,9626,03546.772.98$109,769
Feb 20171,8545,61250.452.95$110,104
Jan 20171,8836,11949.413.42$113,959
Dec 20161,9766,49648.763.72$120,533
Nov 20161,9976,61442.492.64$102,342
Oct 20162,2087,56646.193.09$125,368
Sep 20162,3036,82941.553.10$116,864
Aug 20162,5466,11941.442.92$123,400
Jul 20162,5596,21341.622.92$124,675
Jun 20162,7076,34545.352.69$139,804
May 20162,7467,20842.521.99$131,111
Apr 20163,0967,30336.561.99$127,730
Mar 20162,5836,48333.011.79$96,895
Feb 20163,3387,63026.472.06$104,102
Jan 20161,7275,16927.352.36$59,455
Dec 20152,8046,76632.362.00$104,279
Nov 20153,6679,76738.792.17$163,411
Oct 20152,2856,44043.552.43$115,139
Sep 20153,3789,60142.992.76$171,704
Aug 20153,62210,40340.162.87$175,342
Jul 20153,84010,71048.152.95$216,438
Jun 20153,95010,94356.152.88$253,340
May 20154,66911,74355.212.96$292,481
Apr 20154,85611,57549.822.71$273,254
Mar 20154,94112,37142.892.93$248,225
Feb 20154,71312,10044.662.98$246,494
Jan 20155,62814,44143.433.10$289,200
Dec 20146,40016,58054.693.59$409,561
Nov 20146,40616,82770.464.25$522,912
Oct 20147,98621,30278.303.90$708,402
Sep 20149,00323,83686.164.05$872,126
Aug 20149,64623,44089.394.04$956,839
Jul 20147,01615,47496.564.18$742,140
Jun 20148,06816,32498.164.74$869,280
May 20148,94117,70894.734.73$930,679
Apr 20147,20616,18195.944.81$769,160
Mar 20147,74917,24495.895.06$830,251
Feb 20147,17416,23497.406.19$799,269
Jan 20148,74619,19990.404.86$883,959
Dec 20139,67321,49891.824.35$981,787
Nov 201310,84925,43388.853.74$1,059,009
Oct 20134,74210,01397.423.78$499,808
Sep 20132,7626,332104.113.72$311,093
Aug 201315,12935,085104.253.52$1,700,789
Jul 201316,22836,885102.523.72$1,800,823
Jun 201317,09738,44394.403.93$1,765,169
May 201319,13241,89994.834.15$1,988,130
Apr 201318,96440,27593.964.28$1,954,339
Mar 201321,85644,12293.623.91$2,218,802
Feb 20134,6089,63191.233.42$453,325

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           256 bbl  × $106.41 =    $27,241
Gas                  987 Mcf  × $  3.05 =     $3,006

────────────────────────────────────────────────────
Month total                                  $30,247

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/270407 is the state's own key, not one this site invented.