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LIVE OAK PARTNERS 01

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 278461District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.2 M
Apr 2015 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
134
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 Gas112016-02-24217937
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
CondensateDisposition227,438 bbl$10,494,646
GasProduction1,301,096 Mcf$3,702,227
Total$14,196,873

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 28.5792, -98.2162. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.57919, -98.21623 · 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
12,763 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 12,763 ft.

Completions filed
Apr 2016
1 of 1 wells

1 well

42-2973560002H12,763 ftApr 2016——

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 (134)

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

134 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 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 202419168.993.12$1,314
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20242511575.632.06$19,014
Jul 20243532279.932.15$28,263
Jun 20247336078.082.63$6,648
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 202416168880.301.55$13,991
Feb 20240076.091.78$0
Jan 20242252,10973.023.30$23,384
Dec 20231511,67771.262.61$15,138
Nov 2023114177.892.81$972
Oct 20233082,93385.443.09$35,371
Sep 2023126489.042.74$1,244
Aug 20236953580.522.67$6,986
Jul 20233222,62774.852.64$31,042
Jun 202311791668.962.26$10,137
May 2023714270.622.23$811
Apr 2023841,30978.122.24$9,491
Mar 202301,41872.852.39$3,394
Feb 20231701,60275.112.47$16,719
Jan 20231501,83276.533.39$17,686
Dec 20222042,50076.415.73$29,910
Nov 2022951,19585.005.65$14,822
Oct 20221361,39387.185.86$20,025
Sep 20222122,28484.888.16$36,640
Aug 20221431,57194.529.13$27,855
Jul 20221972,158101.587.54$36,287
Jun 20222162,495115.097.98$44,763
May 20222492,647109.378.43$49,555
Apr 20222512,690104.226.84$44,552
Mar 20222562,690108.885.08$41,529
Feb 20222272,42491.054.86$32,446
Jan 20222312,74881.844.54$31,375
Dec 20213002,68571.323.90$31,865
Nov 20212162,60877.435.24$30,383
Oct 20212432,79579.795.71$35,359
Sep 20212863,16869.865.35$36,932
Aug 20212863,40266.024.22$33,240
Jul 20212993,25670.783.98$34,129
Jun 20212973,46569.493.38$32,352
May 20213043,53163.483.02$29,953
Apr 20212933,16460.362.76$26,413
Mar 20213263,42361.302.72$29,284
Feb 20212713,09157.805.55$32,813
Jan 20213043,25350.412.81$24,466
Dec 20203193,43544.642.68$23,430
Nov 20202803,28138.772.71$19,736
Oct 20202963,57036.972.48$19,791
Sep 20203003,75337.091.99$18,599
Aug 20203124,10539.982.39$22,265
Jul 20203164,03038.371.83$19,480
Jun 20203394,46434.901.69$19,377
May 20203494,54716.921.81$14,157
Apr 20203624,34914.751.80$13,187
Mar 20204414,68830.341.86$22,082
Feb 20203664,47049.881.98$27,110
Jan 20203764,67257.252.09$31,313
Dec 20193955,08159.012.30$35,017
Nov 20193665,15155.302.75$34,409
Oct 20192804,05153.472.42$24,769
Sep 20195024,69755.052.66$40,116
Aug 20195475,05353.112.30$40,695
Jul 20195535,07356.272.46$43,597
Jun 20195344,88652.782.49$40,357
May 20195625,18958.482.74$47,085
Apr 20196655,22862.632.75$56,030
Mar 20197005,52156.803.06$56,666
Feb 20196675,21250.852.79$48,470
Jan 20197256,32446.033.23$53,787
Dec 20186716,37046.594.19$57,923
Nov 20185945,65352.934.24$55,394
Oct 20187847,79761.443.40$74,664
Sep 20187417,54059.543.11$67,553
Aug 20188158,02759.403.07$73,026
Jul 20186847,09965.142.93$65,369
Jun 20187967,69860.183.08$71,589
May 20188968,18165.382.90$82,312
Apr 20188668,03963.842.90$78,605
Mar 20189768,92261.222.79$84,615
Feb 20189128,36161.782.77$79,471
Jan 20181,42311,23062.874.01$134,489
Dec 20171,45211,48057.272.92$116,695
Nov 20171,41713,02155.423.12$119,134
Oct 20171,74615,25149.292.98$131,564
Sep 20171,67112,75947.523.09$118,797
Aug 20171,3859,77345.373.00$92,199
Jul 20171,46211,33943.873.09$99,145
Jun 20171,57212,28942.493.09$104,734
May 20171,57112,14645.373.26$110,914
Apr 20171,90314,68847.933.21$138,383
Mar 20172,23016,82546.772.98$154,498
Feb 20172,15616,45850.452.95$157,364
Jan 20172,72219,76349.413.42$202,060
Dec 20162,90420,99148.763.72$219,745
Nov 20163,10022,50042.492.64$191,217
Oct 20163,49224,86746.193.09$238,141
Sep 20163,85026,67141.553.10$242,664
Aug 20164,49230,27241.442.92$274,674
Jul 20165,22433,50441.622.92$315,400
Jun 20165,67935,20645.352.69$352,100
May 20164,56326,08842.521.99$245,961
Apr 20162,67514,56836.561.99$126,803
Mar 20167,14537,59933.011.79$303,309
Feb 20167,16736,96226.472.06$265,986
Jan 20168,54940,25727.352.36$328,997
Dec 20159,34143,62032.362.00$389,576
Nov 201510,09045,48338.792.17$489,968
Oct 201511,31750,18143.552.43$614,624
Sep 201512,39555,13242.992.76$684,938
Aug 201515,03764,45340.162.87$789,027
Jul 201516,14067,26148.152.95$975,230
Jun 201516,25566,31956.152.88$1,103,907
May 201517,39667,65555.212.96$1,160,384
Apr 201510,30537,04149.822.71$613,649

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.

Dec 2024 — as filed, then multipliedworked
Condensate            19 bbl  × $ 68.99 =     $1,311
Gas                    1 Mcf  × $  3.12 =         $3

────────────────────────────────────────────────────
Month total                                   $1,314

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/278461 is the state's own key, not one this site invented.