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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 272423District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$31.9 M
Jan 2014 – May 2026
Value, last 12 filed months
$410 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 Gas112014-12-09213808
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
CondensateDisposition354,730 bbl$23,826,397
GasProduction2,323,723 Mcf$8,090,808
Total$31,917,205

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 28.5758, -98.2195. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.57581, -98.21946 · 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
12,890 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 12,890 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-2973537603H12,890 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 20263493,901106.413.05$49,019
Apr 20262783,46498.932.87$37,443
Mar 20263082,80189.753.15$36,465
Feb 20261551,99463.503.75$17,321
Jan 20265444,60459.138.00$68,989
Dec 20256726,88056.664.41$68,439
Nov 20252745,95658.593.93$39,440
Oct 20253042,72159.383.30$27,044
Sep 2025957,32662.743.08$28,502
Aug 20251581,06363.933.01$13,306
Jul 2025513,40366.743.32$14,685
Jun 202511156566.483.13$9,147
May 2025879360.553.23$5,568
Apr 2025363762.363.54$2,376
Mar 2025774,42967.704.27$24,117
Feb 20251065,69670.884.34$32,239
Jan 20252157,21574.324.28$46,849
Dec 20244204,30868.993.12$42,423
Nov 20244614,01569.052.20$40,659
Oct 20245898,38071.372.28$61,155
Sep 20246724,46869.612.36$57,342
Aug 20245013,03675.632.06$44,156
Jul 20246824,85279.932.15$64,928
Jun 202481110,50778.082.63$90,998
May 20241,2259,60678.812.20$117,660
Apr 20241,97513,16684.451.66$188,634
Mar 20244081,04880.301.55$34,382
Feb 2024421,00176.091.78$4,981
Jan 20248449,57673.023.30$93,207
Dec 20233286,97571.262.61$41,583
Nov 20231991,67777.892.81$20,208
Oct 20236958,55985.443.09$85,805
Sep 20232302,42889.042.74$27,120
Aug 20230080.522.67$0
Jul 20232653,69074.852.64$29,583
Jun 2023862,25568.962.26$11,023
May 20232932,12570.622.23$25,425
Apr 20232562,46378.122.24$25,510
Mar 20235844,20972.852.39$52,617
Feb 20234753,59475.112.47$44,539
Jan 20236174,82576.533.39$63,565
Dec 20225014,35476.415.73$63,226
Nov 20224804,55285.005.65$66,502
Oct 20224574,02687.185.86$63,449
Sep 20223763,69484.888.16$62,072
Aug 20224604,53694.529.13$84,880
Jul 20225055,176101.587.54$90,336
Jun 20225275,715115.097.98$106,242
May 20225946,064109.378.43$116,104
Apr 20225745,884104.226.84$100,055
Mar 20226576,111108.885.08$102,556
Feb 20225801,65091.054.86$60,826
Jan 20224761,80781.844.54$47,155
Dec 20217584,59671.323.90$71,981
Nov 20215827,06277.435.24$82,047
Oct 20216168,42679.795.71$97,296
Sep 20216628,45469.865.35$91,484
Aug 20216337,83666.024.22$74,863
Jul 20216678,07070.783.98$79,346
Jun 20216586,85369.493.38$68,892
May 20216776,90663.483.02$63,816
Apr 20216266,81560.362.76$56,584
Mar 20216507,29761.302.72$59,671
Feb 20215495,80557.805.55$63,938
Jan 20216757,47150.412.81$55,022
Dec 20207267,74044.642.68$53,117
Nov 20206237,63638.772.71$44,821
Oct 20206237,56136.972.48$41,772
Sep 20205988,01337.091.99$38,134
Aug 20205677,27439.982.39$40,018
Jul 20206147,93638.371.83$38,043
Jun 20206247,78934.901.69$34,943
May 20206328,33616.921.81$25,821
Apr 20205807,53314.751.80$22,147
Mar 20206168,37530.341.86$34,235
Feb 20205408,05449.881.98$42,888
Jan 20206579,88157.252.09$58,311
Dec 201969710,48359.012.30$65,287
Nov 201983412,28955.302.75$79,924
Oct 20196569,56553.472.42$58,210
Sep 20199348,43155.052.66$73,820
Aug 20199748,83453.112.30$72,086
Jul 20199928,98556.272.46$77,923
Jun 20199628,67352.782.49$72,381
May 20191,0319,17758.482.74$85,441
Apr 20191,0308,81862.632.75$88,765
Mar 20191,0468,82156.803.06$86,424
Feb 20199358,09850.852.79$70,156
Jan 20191,20510,19146.033.23$88,365
Dec 20181,24810,38546.594.19$101,610
Nov 20181,2109,92552.934.24$106,100
Oct 20181,28810,34961.443.40$114,301
Sep 20181,2029,75959.543.11$101,898
Aug 20181,30210,72459.403.07$110,225
Jul 20181,37211,13865.142.93$122,027
Jun 20181,37711,05960.183.08$116,896
May 20181,48411,61465.382.90$130,714
Apr 20181,47111,34663.842.90$126,821
Mar 20181,57112,13361.222.79$129,989
Feb 20181,54711,92861.782.77$128,568
Jan 20181,83412,86562.874.01$166,883
Dec 20171,61910,90257.272.92$124,571
Nov 20171,64010,52755.423.12$123,716
Oct 20171,66312,10049.292.98$118,072
Sep 20171,77713,19547.523.09$125,180
Aug 20171,61912,01645.373.00$109,555
Jul 20171,91613,39143.873.09$125,397
Jun 20171,85213,66342.493.09$120,873
May 20171,90014,66245.373.26$134,051
Apr 20171,91614,67147.933.21$138,951
Mar 20172,16715,40646.772.98$147,317
Feb 20171,92614,41250.452.95$139,720
Jan 20172,07416,69149.413.42$159,540
Dec 20162,16717,63348.763.72$171,308
Nov 20162,17417,66642.492.64$139,088
Oct 20162,33418,94846.193.09$166,362
Sep 20162,28419,10641.553.10$154,141
Aug 20162,52021,34841.442.92$166,858
Jul 20162,69721,84841.622.92$176,140
Jun 20162,50122,04645.352.69$172,632
May 20162,76124,09542.521.99$165,372
Apr 20162,82524,61536.561.99$152,291
Mar 20163,13626,99033.011.79$151,940
Feb 20163,35926,03526.472.06$142,639
Jan 20164,21829,14427.352.36$184,269
Dec 20154,27729,86032.362.00$198,166
Nov 20154,43130,65638.792.17$238,320
Oct 20154,94934,32343.552.43$298,816
Sep 20155,12835,15142.992.76$317,414
Aug 20155,73638,70140.162.87$341,526
Jul 20156,19240,56848.152.95$417,621
Jun 20156,53942,56156.152.88$489,862
May 20157,42847,56755.212.96$550,682
Apr 20158,08951,11649.822.71$541,343
Mar 20159,40756,28842.892.93$568,655
Feb 20157,09340,12044.662.98$436,178
Jan 201510,40859,57843.433.10$636,749
Dec 201411,82165,79454.693.59$882,780
Nov 201410,17953,00170.464.25$942,564
Oct 201411,24357,24178.303.90$1,103,622
Sep 201411,83857,21786.164.05$1,251,430
Aug 201411,76955,64189.394.04$1,276,549
Jul 201412,50058,79396.564.18$1,452,731
Jun 201413,24161,39698.164.74$1,590,562
May 201415,19672,09094.734.73$1,780,255
Apr 201414,94468,99495.944.81$1,765,528
Mar 201414,54364,63895.895.06$1,721,390
Feb 201414,37960,77697.406.19$1,776,840
Jan 201412,33550,75490.404.86$1,361,785

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           349 bbl  × $106.41 =    $37,137
Gas                3,901 Mcf  × $  3.05 =    $11,882

────────────────────────────────────────────────────
Month total                                  $49,019

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/272423 is the state's own key, not one this site invented.