FRANKE-JOHNSON 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 279234District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.6 M
Feb 2015 – May 2026
Value, last 12 filed months
$176 k
at the published price for each month
Months reported
136
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 Gas112017-04-12219541
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
CondensateDisposition141,631 bbl$6,799,812
GasProduction986,172 Mcf$2,821,760
Total$9,621,573

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 28.8102, -97.9398. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.81017, -97.93977 · 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
12,278 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 12,278 ft.

Completions filed
Feb 2015
1 of 1 wells

1 well

42-255339652H12,278 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 (136)

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

136 months

May 202618128106.413.05$2,305
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202614059.138.00$379
Dec 20255273556.664.41$6,190
Nov 202512158.593.93$707
Oct 20251334,14559.383.30$21,596
Sep 20251934,32762.743.08$25,423
Aug 20253415,76163.933.01$39,168
Jul 20253655,44066.743.32$42,395
Jun 20253105,42366.483.13$37,576
May 20251632,81060.553.23$18,952
Apr 20252323,35362.363.54$26,348
Mar 20252864,54367.704.27$38,753
Feb 20252913,69370.884.34$36,657
Jan 20251372,33374.324.28$20,164
Dec 20242593,35368.993.12$28,334
Nov 20242493,68369.052.20$25,290
Oct 20242734,40171.372.28$29,524
Sep 20242844,26469.612.36$29,851
Aug 20242654,63175.632.06$29,599
Jul 20242794,00479.932.15$30,895
Jun 20242714,50178.082.63$33,015
May 20242655,89578.812.20$33,844
Apr 20242447,59584.451.66$33,207
Mar 2024951,92680.301.55$10,604
Feb 20241802,40376.091.78$17,982
Jan 20242082,36573.023.30$22,987
Dec 20232341,91171.262.61$21,664
Nov 20232172,78977.892.81$24,732
Oct 20232573,01385.443.09$31,260
Sep 20232503,00789.042.74$30,484
Aug 20232413,34780.522.67$28,351
Jul 20232513,68974.852.64$28,533
Jun 20232662,41568.962.26$23,798
May 20233243,30070.622.23$30,231
Apr 20231411,36378.122.24$14,065
Mar 20232932,51972.852.39$27,373
Feb 20232432,47775.112.47$24,359
Jan 20231461,56476.533.39$16,472
Dec 20226881,84876.415.73$63,157
Nov 20224971,79885.005.65$52,397
Oct 20221351,01287.185.86$17,703
Sep 20220084.888.16$0
Aug 20221094.529.13$95
Jul 202262298101.587.54$8,546
Jun 20221322,191115.097.98$32,670
May 20221922,256109.378.43$40,024
Apr 20221481,880104.226.84$28,279
Mar 20222312,289108.885.08$36,771
Feb 2022148591.054.86$1,688
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 2021041279.795.71$2,354
Sep 2021161769.865.35$3,371
Aug 20214760166.024.22$5,640
Jul 20211473,34170.783.98$23,709
Jun 20216152869.493.38$42,831
May 20211392,53863.483.02$16,483
Apr 20211273,64360.362.76$17,715
Mar 20214275,17461.302.72$40,233
Feb 20215383,82457.805.55$52,312
Jan 20218064,31350.412.81$52,751
Dec 20206712,70744.642.68$37,196
Nov 20202351,14638.772.71$12,213
Oct 20207848636.972.48$4,088
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20202216.921.81$37
Apr 2020210614.751.80$221
Mar 2020210330.341.86$252
Feb 202010050949.881.98$5,996
Jan 2020082457.252.09$1,726
Dec 2019141159.012.30$1,006
Nov 2019028055.302.75$770
Oct 2019031553.472.42$762
Sep 2019234055.052.66$1,014
Aug 2019032753.112.30$754
Jul 2019037056.272.46$910
Jun 2019137252.782.49$980
May 2019246358.482.74$1,386
Apr 2019247762.632.75$1,437
Mar 20199249056.803.06$6,726
Feb 20196559850.852.79$4,975
Jan 2019455246.033.23$1,966
Dec 201817985646.594.19$11,922
Nov 20182151,69452.934.24$18,558
Oct 20183002,37661.443.40$26,506
Sep 20183122,36559.543.11$25,927
Aug 20183154,06159.403.07$31,164
Jul 20183924,29565.142.93$38,127
Jun 20182733,59160.183.08$27,478
May 20183253,79965.382.90$32,269
Apr 20182402,17863.842.90$21,640
Mar 20182914,42061.222.79$30,133
Feb 20183843,50961.782.77$33,430
Jan 20183493,63462.874.01$36,512
Dec 20172082,65157.272.92$19,657
Nov 20173484,72455.423.12$34,017
Oct 20174875,41649.292.98$40,164
Sep 20174925,71047.523.09$41,008
Aug 201710178545.373.00$6,941
Jul 20177896,62243.873.09$55,057
Jun 20175256,85042.493.09$43,455
May 20176287,92845.373.26$54,365
Apr 20176938,30247.933.21$59,878
Mar 20179809,05046.772.98$72,837
Feb 201798510,97150.452.95$82,086
Jan 20171,21012,19849.413.42$101,489
Dec 20161,30211,90348.763.72$107,798
Nov 20161,14210,50642.492.64$76,305
Oct 20161,45110,89846.193.09$100,699
Sep 20161,24612,72941.553.10$91,239
Aug 20161,38614,49341.442.92$99,818
Jul 20161,35415,15341.622.92$100,666
Jun 20166517,82945.352.69$50,550
May 20160042.521.99$0
Apr 201624036.561.99$877
Mar 20161,82710,43933.011.79$79,037
Feb 20162,72825,07726.472.06$123,960
Jan 20163,74733,12027.352.36$180,788
Dec 20156,19125,85432.362.00$252,085
Nov 20155,38131,16338.792.17$276,269
Oct 20156,11034,39943.552.43$349,562
Sep 20156,88940,03642.992.76$406,594
Aug 20158,05142,32840.162.87$444,915
Jul 20158,92453,57248.152.95$587,464
Jun 201510,39160,64856.152.88$758,294
May 201512,58871,19855.212.96$905,406
Apr 201513,21576,95549.822.71$866,655
Mar 201515,48978,31942.892.93$894,167
Feb 20156,04829,39544.662.98$357,589

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            18 bbl  × $106.41 =     $1,915
Gas                  128 Mcf  × $  3.05 =       $390

────────────────────────────────────────────────────
Month total                                   $2,305

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/279234 is the state's own key, not one this site invented.