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LIVE OAK PARTNERS 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 272398District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$35.6 M
Jan 2014 – May 2026
Value, last 12 filed months
$779 k
at the published price for each month
Months reported
149
no gaps in the span
Streams
2
condensate, gas

The SUGARKANE (EAGLE FORD) 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 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 Gas112015-01-13213690
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
CondensateDisposition407,145 bbl$27,311,359
GasProduction2,378,355 Mcf$8,304,962
Total$35,616,321

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 28.5745, -98.2201. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.57449, -98.22010 · 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
12,669 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 12,669 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-2973537502H12,669 ftFeb 2015——

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 (149)

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

149 months

May 20269901,475106.413.05$109,839
Apr 20264461,78098.932.87$49,231
Mar 20266982,03789.753.15$69,061
Feb 202631695763.503.75$23,655
Jan 20264521,73059.138.00$40,563
Dec 20254331,76856.664.41$32,337
Nov 20253601,85858.593.93$28,388
Oct 20251,7911,90759.383.30$112,652
Sep 20251,0231,94762.743.08$70,174
Aug 20251,3892,10863.933.01$95,154
Jul 20259392,03166.743.32$69,402
Jun 20251,0482,91766.483.13$78,798
May 20259741,16160.553.23$62,728
Apr 202524680662.363.54$18,196
Mar 20257251,46767.704.27$55,344
Feb 20255042,16670.884.34$45,126
Jan 20257038274.324.28$6,837
Dec 20245591,95968.993.12$44,680
Nov 20246611,93169.052.20$49,887
Oct 20247671,98271.372.28$59,263
Sep 20245611,97169.612.36$43,711
Aug 20242741,64375.632.06$24,113
Jul 20246731,96679.932.15$58,013
Jun 20244612,03378.082.63$41,350
May 20244322,27578.812.20$39,047
Apr 20246221,43284.451.66$54,904
Mar 20244281,60980.301.55$36,855
Feb 20245116076.091.78$4,166
Jan 20248431,84973.023.30$67,653
Dec 20236291,07471.262.61$47,626
Nov 20237081,06877.892.81$58,145
Oct 20234801,35085.443.09$45,179
Sep 20230089.042.74$0
Aug 202374480.522.67$681
Jul 20231231,15774.852.64$12,263
Jun 20231,4492,82068.962.26$106,292
May 202328416370.622.23$20,419
Apr 20233953,58878.122.24$38,886
Mar 20234135,05272.852.39$42,177
Feb 20236344,64775.112.47$59,078
Jan 20238626,63776.533.39$88,453
Dec 20227476,71276.415.73$95,532
Nov 20224152,36385.005.65$48,617
Oct 20227127,08387.185.86$103,605
Sep 20221953,06184.888.16$41,541
Aug 20224163,18194.529.13$68,354
Jul 20226035,581101.587.54$103,345
Jun 20226466,915115.097.98$129,510
May 20226996,932109.378.43$134,907
Apr 20226316,913104.226.84$113,031
Mar 20227797,392108.885.08$122,342
Feb 20227146,46891.054.86$96,437
Jan 20226287,69681.844.54$86,318
Dec 20218736,94971.323.90$89,357
Nov 20216517,08677.435.24$87,515
Oct 20217217,07079.795.71$97,926
Sep 20218037,25669.865.35$94,924
Aug 20217506,82966.024.22$78,337
Jul 20217146,85970.783.98$77,850
Jun 20216597,01469.493.38$69,506
May 20217077,57163.483.02$67,727
Apr 20217117,63460.362.76$63,974
Mar 20218018,22961.302.72$71,459
Feb 20216655,56357.805.55$69,300
Jan 20217707,51350.412.81$59,929
Dec 20208817,94744.642.68$60,590
Nov 20208007,77038.772.71$52,046
Oct 20207207,71136.972.48$45,730
Sep 20206697,85937.091.99$40,461
Aug 20206398,19639.982.39$45,096
Jul 20206367,23438.371.83$37,606
Jun 20207574,35434.901.69$33,779
May 20201,0279,57116.921.81$34,746
Apr 20207339,71514.751.80$28,341
Mar 202077210,43130.341.86$42,785
Feb 20207239,11049.881.98$54,107
Jan 202093611,27657.252.09$77,206
Dec 201996112,12859.012.30$84,656
Nov 20191,03113,64555.302.75$94,548
Oct 20197849,86453.472.42$65,777
Sep 20191,1269,43755.052.66$87,063
Aug 20191,1849,68953.112.30$85,209
Jul 20191,26510,07656.272.46$95,969
Jun 20191,2339,67452.782.49$89,178
May 20191,36010,26058.482.74$107,648
Apr 20191,5049,90862.632.75$121,449
Mar 20191,47510,29856.803.06$115,314
Feb 20191,4029,75650.852.79$98,533
Jan 20191,48310,97946.033.23$103,705
Dec 20181,53611,15846.594.19$118,263
Nov 20181,49311,07552.934.24$125,952
Oct 20181,52011,74261.443.40$133,289
Sep 20181,51511,37559.543.11$125,557
Aug 20181,69612,31159.403.07$138,495
Jul 20181,77611,40465.142.93$149,124
Jun 20181,88211,36460.183.08$148,225
May 20181,86711,53165.382.90$155,514
Apr 20181,66211,16463.842.90$138,487
Mar 20181,71311,70161.222.79$137,479
Feb 20181,79311,94861.782.77$143,821
Jan 20181,88411,71662.874.01$165,420
Dec 20171,83012,08257.272.92$140,102
Nov 20171,72711,60155.423.12$131,886
Oct 20171,89112,93849.292.98$131,810
Sep 20171,85513,13147.523.09$128,689
Aug 20171,91513,66845.373.00$127,948
Jul 20172,18714,55943.873.09$140,891
Jun 20172,13914,93842.493.09$137,004
May 20172,22216,50145.373.26$154,662
Apr 20172,10315,32147.933.21$150,002
Mar 20172,15216,19546.772.98$148,970
Feb 20172,01415,22250.452.95$146,551
Jan 20172,37017,43149.413.42$176,695
Dec 20162,42918,56848.763.72$187,564
Nov 20162,35619,21942.492.64$150,928
Oct 20162,53520,43146.193.09$180,229
Sep 20162,77320,90141.553.10$180,024
Aug 20162,89623,13341.442.92$187,659
Jul 20162,98324,56641.622.92$195,992
Jun 20163,02924,78545.352.69$203,933
May 20163,29726,67742.521.99$193,303
Apr 20163,27926,48936.561.99$172,621
Mar 20163,62929,08833.011.79$171,977
Feb 20163,70428,27726.472.06$156,398
Jan 20164,61232,14427.352.36$202,138
Dec 20154,65632,19632.362.00$215,106
Nov 20154,98033,91338.792.17$266,675
Oct 20155,65637,80843.552.43$338,063
Sep 20155,63837,76042.992.76$346,536
Aug 20156,30042,27540.162.87$374,443
Jul 20156,81944,97148.152.95$460,778
Jun 20157,11445,78256.152.88$531,434
May 20158,09150,75755.212.96$596,714
Apr 20158,92554,14049.822.71$591,177
Mar 201510,38459,86642.892.93$621,059
Feb 20158,31444,56844.662.98$503,946
Jan 201510,90458,76543.433.10$655,769
Dec 201412,29165,25954.693.59$906,563
Nov 201410,31152,01870.464.25$947,685
Oct 201412,30758,65578.303.90$1,192,449
Sep 201414,10564,46286.164.05$1,476,064
Aug 201414,76568,62289.394.04$1,596,741
Jul 201414,90067,09396.564.18$1,719,166
Jun 201415,22968,62598.164.74$1,819,947
May 201416,39972,88994.734.73$1,897,992
Apr 201416,24869,81095.944.81$1,894,558
Mar 201416,13565,35095.895.06$1,877,647
Feb 201414,75260,31497.406.19$1,810,309
Jan 201414,82756,43890.404.86$1,614,690

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           990 bbl  × $106.41 =   $105,346
Gas                1,475 Mcf  × $  3.05 =     $4,493

────────────────────────────────────────────────────
Month total                                 $109,839

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/272398 is the state's own key, not one this site invented.