FRANKE UNIT AC

Operated by MARATHON OIL EF LLC (P-5 525398) in the SUGARKANE (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 274360District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$21.9 M
Jun 2014 – May 2026
Value, last 12 filed months
$17 k
at the published price for each month
Months reported
144
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 527 leases and 806 wells, and the rule below applies to all of them.

Discovered
2006-09-07
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 2016-01-12.

The Commission's schedule remark for this field reads: INTO SUGARKANE (AUSTIN CHALK) EFF. 11/07/17.

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 Gas112015-01-13214800
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
CondensateDisposition264,161 bbl$16,565,824
GasProduction1,637,392 Mcf$5,377,472
Total$21,943,296

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 28.8123, -97.9342. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.81229, -97.93417 · 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
12,289 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 12,289 ft.

Completions filed
Jun 2014
1 of 1 wells

1 well

42-255336094H12,289 ftJun 2014

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 (144)

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

144 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 2025012959.383.30$426
Sep 2025014962.743.08$458
Aug 2025023463.933.01$705
Jul 20255066.743.32$334
Jun 20251681,40566.483.13$15,564
May 20252682,21460.553.23$23,384
Apr 20253294,98162.363.54$38,165
Mar 20253877,71267.704.27$59,117
Feb 20253698,40170.884.34$62,622
Jan 20252425,08774.324.28$39,751
Dec 20243126,59068.993.12$42,095
Nov 20242565,82169.052.20$30,474
Oct 20242626,05571.372.28$32,513
Sep 20243286,25069.612.36$37,609
Aug 20242286,43675.632.06$30,525
Jul 20242176,30479.932.15$30,877
Jun 202496,05978.082.63$16,662
May 2024116,55478.812.20$15,275
Apr 20242867,46784.451.66$36,542
Mar 20244837,00580.301.55$49,609
Feb 20244017,02976.091.78$43,049
Jan 20243907,65773.023.30$53,728
Dec 2023506,46771.262.61$20,447
Nov 20237586,46277.892.81$77,183
Oct 20238774,97585.443.09$90,290
Sep 20233953,13489.042.74$43,742
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 202310078.122.24$781
Mar 20232301,54772.852.39$20,458
Feb 20233782,58375.112.47$34,760
Jan 20233852,45576.533.39$37,781
Dec 20224282,87576.415.73$49,175
Nov 20224042,81585.005.65$50,234
Oct 20226232,83687.185.86$70,943
Sep 20226682,65584.888.16$78,374
Aug 20227052,67294.529.13$91,024
Jul 2022303,164101.587.54$26,911
Jun 20224792,549115.097.98$75,462
May 20224272,512109.378.43$67,885
Apr 20223062,526104.226.84$49,163
Mar 20223712,585108.885.08$53,517
Feb 20224972,74591.054.86$58,589
Jan 20226632,32581.844.54$64,810
Dec 20214612,48671.323.90$42,572
Nov 20214912,54977.435.24$51,367
Oct 20212442,07779.795.71$31,336
Sep 20212071,61369.865.35$23,092
Aug 20212811,92666.024.22$26,680
Jul 20216442,88670.783.98$57,075
Jun 20216222,91469.493.38$53,074
May 20217833,15563.483.02$59,226
Apr 20217373,77660.362.76$54,901
Mar 20212191,40261.302.72$17,234
Feb 20214983,38757.805.55$47,575
Jan 20215271,62850.412.81$31,141
Dec 202021044.642.68$937
Nov 20206652,33238.772.71$32,094
Oct 20205223,62336.972.48$28,278
Sep 20205362,53937.091.99$24,935
Aug 20205473,46239.982.39$30,126
Jul 20205283,62338.371.83$26,872
Jun 20206823,71434.901.69$30,080
May 20204392,38116.921.81$11,749
Apr 20201621,43214.751.80$4,973
Mar 20204973,29830.341.86$21,201
Feb 20205513,37249.881.98$34,163
Jan 20206424,35657.252.09$45,879
Dec 20195263,19159.012.30$38,392
Nov 20197114,02255.302.75$50,382
Oct 20196394,27353.472.42$44,502
Sep 20196394,44755.052.66$46,994
Aug 20197354,45353.112.30$49,297
Jul 20197884,32156.272.46$54,971
Jun 20197324,73752.782.49$50,436
May 20197594,90758.482.74$57,833
Apr 20191,0334,00362.632.75$75,708
Mar 20191,0803,89356.803.06$73,265
Feb 20199165,13350.852.79$60,911
Jan 20191,1295,51146.033.23$69,758
Dec 20181,1165,56746.594.19$75,295
Nov 20181,1466,73252.934.24$89,183
Oct 20181,2646,63161.443.40$100,193
Sep 20181,3676,16259.543.11$100,543
Aug 20181,3135,82759.403.07$95,861
Jul 20185082,32765.142.93$39,914
Jun 20181,5426,14860.183.08$111,714
May 20181,5067,00665.382.90$118,785
Apr 20181,4326,39663.842.90$109,972
Mar 20181,5307,29161.222.79$113,985
Feb 20188995,81961.782.77$71,636
Jan 20182175,95362.874.01$37,510
Dec 20178435,17057.272.92$63,383
Nov 20171,2257,33555.423.12$90,763
Oct 20171,3008,50249.292.98$89,444
Sep 20171,4369,90747.523.09$98,824
Aug 20171,2858,59445.373.00$84,120
Jul 20171,54810,32343.873.09$99,781
Jun 20171,60410,73542.493.09$101,296
May 20171,96612,75845.373.26$130,832
Apr 20172,42415,39447.933.21$165,622
Mar 20171,96615,99146.772.98$139,662
Feb 20173050.452.95$151
Jan 20171152149.413.42$5,754
Dec 201698210,89648.763.72$88,446
Nov 20161,79316,21242.492.64$119,055
Oct 20162,07916,25746.193.09$146,267
Sep 20162,36018,19941.553.10$154,486
Aug 20162,57521,03241.442.92$168,213
Jul 20162,75923,35041.622.92$183,113
Jun 20162,76319,78445.352.69$178,439
May 20162,98520,14842.521.99$167,038
Apr 20162,93819,84736.561.99$146,929
Mar 20161,69711,66033.011.79$76,936
Feb 20163,23120,70226.472.06$128,246
Jan 20163,32922,65027.352.36$144,601
Dec 20153,67224,95132.362.00$168,763
Nov 20154,00825,88838.792.17$211,578
Oct 20154,09427,04743.552.43$243,925
Sep 20154,34828,49642.992.76$265,524
Aug 20153,62932,08040.162.87$237,890
Jul 20154,14838,57648.152.95$313,336
Jun 20155,14135,13856.152.88$389,965
May 20156,38936,57755.212.96$460,838
Apr 20156,47539,24149.822.71$428,793
Mar 20157,18043,26942.892.93$434,932
Feb 20157,18346,38244.662.98$458,834
Jan 20159,54047,08643.433.10$560,318
Dec 201412,29970,71754.693.59$926,603
Nov 201413,80379,28770.464.25$1,309,675
Oct 201416,10667,40078.303.90$1,524,025
Sep 201415,39588,55286.164.05$1,684,665
Aug 201420,82197,21889.394.04$2,253,475
Jul 201423,558111,76396.564.18$2,741,885
Jun 20142,49814,15598.164.74$312,254

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.

Oct 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.38 =         $0
Gas                  129 Mcf  × $  3.30 =       $426

────────────────────────────────────────────────────
Month total                                     $426

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/274360 is the state's own key, not one this site invented.