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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 278463District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.4 M
Aug 2015 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
130
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 Gas112016-03-24218245
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
CondensateDisposition213,161 bbl$10,014,399
GasProduction1,165,186 Mcf$3,374,249
Total$13,388,648

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 28.5801, -98.2165. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.58015, -98.21653 · 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
12,772 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 12,772 ft.

Completions filed
Apr 2016
1 of 1 wells

1 well

42-2973560204H12,772 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 (130)

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

130 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 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20243218975.632.06$2,810
Jul 20244127579.932.15$3,867
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20246327984.451.66$5,783
Mar 20241,9599,13180.301.55$171,416
Feb 20240076.091.78$0
Jan 20246312,69673.023.30$54,966
Dec 20233231,84771.262.61$27,839
Nov 202315890277.892.81$14,839
Oct 20234652,87085.443.09$48,590
Sep 20230489.042.74$11
Aug 20233502,17680.522.67$33,998
Jul 202311689874.852.64$11,055
Jun 20233722,61668.962.26$31,561
May 202301370.622.23$29
Apr 20233012,55278.122.24$29,225
Mar 20233023,22872.852.39$29,726
Feb 20234563,14075.112.47$41,992
Jan 20235373,95276.533.39$54,485
Dec 20223162,61176.415.73$39,104
Nov 20221691,41185.005.65$22,332
Oct 20224633,38787.185.86$60,225
Sep 20223792,55884.888.16$53,052
Aug 20222821,95494.529.13$44,489
Jul 20224113,177101.587.54$65,711
Jun 20224083,331115.097.98$73,529
May 20224793,727109.378.43$83,818
Apr 20222822,378104.226.84$45,650
Mar 20226665,178108.885.08$98,800
Feb 20224514,45391.054.86$62,700
Jan 20224424,65581.844.54$57,296
Dec 20213592,00371.323.90$33,414
Nov 20215114,77977.435.24$64,594
Oct 20215514,74479.795.71$71,071
Sep 20215714,83569.865.35$65,762
Aug 20215285,03266.024.22$56,097
Jul 20215514,79870.783.98$58,106
Jun 20215615,04269.493.38$56,029
May 20216155,38363.483.02$55,284
Apr 20215935,26760.362.76$50,322
Mar 20215685,49161.302.72$49,737
Feb 20214684,33757.805.55$51,112
Jan 20216095,10450.412.81$45,043
Dec 20207355,96044.642.68$48,756
Nov 20206386,04538.772.71$41,096
Oct 20206376,18936.972.48$38,889
Sep 20206476,34937.091.99$36,638
Aug 20206997,00439.982.39$44,651
Jul 20207157,32738.371.83$40,807
Jun 20206816,86134.901.69$35,364
May 20207256,91116.921.81$24,809
Apr 20208007,10314.751.80$24,617
Mar 20208657,75430.341.86$40,637
Feb 20207616,98549.881.98$51,794
Jan 20209077,99357.252.09$68,669
Dec 20199138,15759.012.30$72,673
Nov 20199128,62755.302.75$74,164
Oct 20197057,40253.472.42$55,598
Sep 20191,0067,22355.052.66$74,574
Aug 20191,0237,35953.112.30$71,289
Jul 20191,0397,23156.272.46$76,253
Jun 20199516,70352.782.49$66,892
May 20191,0607,78058.482.74$83,308
Apr 20191,0998,12762.632.75$91,185
Mar 20191,2918,94456.803.06$100,716
Feb 20191,1458,41350.852.79$81,714
Jan 20191,3549,56046.033.23$93,186
Dec 20181,43810,19746.594.19$109,675
Nov 20181,46110,43552.934.24$121,546
Oct 20181,48810,56161.443.40$127,310
Sep 20181,40410,26559.543.11$115,498
Aug 20181,55511,36259.403.07$127,209
Jul 20181,58011,26965.142.93$135,961
Jun 20181,57410,49960.183.08$127,028
May 20181,81611,69365.382.90$152,649
Apr 20181,88211,40563.842.90$153,231
Mar 20182,04411,92761.222.79$158,372
Feb 20181,7839,96361.782.77$137,713
Jan 20182,01511,30562.874.01$172,008
Dec 20172,20812,22957.272.92$162,179
Nov 20172,23712,32455.423.12$162,405
Oct 20172,47913,59949.292.98$162,765
Sep 20172,54214,15747.523.09$164,502
Aug 20172,45314,22645.373.00$154,033
Jul 20172,86116,04943.873.09$175,060
Jun 20172,98916,38842.493.09$177,597
May 20173,24817,66245.373.26$205,000
Apr 20173,35018,01747.933.21$218,429
Mar 20173,62119,50946.772.98$227,563
Feb 20173,48918,64350.452.95$231,065
Jan 20174,12221,50949.413.42$277,203
Dec 20164,47422,50748.763.72$301,942
Nov 20164,59123,59142.492.64$257,454
Oct 20165,22326,16646.193.09$322,110
Sep 20165,57327,75241.553.10$317,607
Aug 20166,28431,05341.442.92$351,218
Jul 20167,06533,61841.622.92$392,356
Jun 20167,38834,65845.352.69$428,131
May 20168,42037,74342.521.99$433,166
Apr 20167,41532,23236.561.99$335,268
Mar 20164,65023,11733.011.79$194,969
Feb 20165,09024,41426.472.06$185,114
Jan 20166,70827,14827.352.36$247,651
Dec 20157,58531,01232.362.00$307,518
Nov 20158,48533,55838.792.17$401,864
Oct 201510,63143,69043.552.43$568,997
Sep 201511,22145,11342.992.76$606,831
Aug 20158,07232,21140.162.87$416,697

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.

Aug 2024 — as filed, then multipliedworked
Condensate            32 bbl  × $ 75.63 =     $2,420
Gas                  189 Mcf  × $  2.06 =       $390

────────────────────────────────────────────────────
Month total                                   $2,810

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/278463 is the state's own key, not one this site invented.