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MAY B 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 279244District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.7 M
Jan 2015 – May 2026
Value, last 12 filed months
$211 k
at the published price for each month
Months reported
137
no gaps in the span
Streams
2
condensate, gas

The SUGARKANE (AUSTIN CHALK) 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 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 Gas112017-02-21219537
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
CondensateDisposition126,923 bbl$6,322,970
GasProduction825,016 Mcf$2,367,554
Total$8,690,524

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 28.7930, -97.9725. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.79297, -97.97250 · 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
12,171 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 12,171 ft.

Completions filed
Jan 2015
1 of 1 wells

1 well

42-255340121H12,171 ftJan 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 (137)

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

137 months

May 2026312619106.413.05$35,085
Apr 202622836198.932.87$23,592
Mar 202627133889.753.15$25,387
Feb 202664964463.503.75$43,627
Jan 20262691,00159.138.00$23,912
Dec 20253341,16356.664.41$24,057
Nov 2025635958.593.93$3,923
Oct 202542459.383.30$2,507
Sep 202513160562.743.08$10,080
Aug 202524363.933.01$257
Jul 20253066.743.32$200
Jun 20252111,27066.483.13$18,001
May 20256822,73460.553.23$50,132
Apr 20258133,18962.363.54$61,998
Mar 20255939567.704.27$5,680
Feb 2025161070.884.34$1,177
Jan 20252911,22174.324.28$26,851
Dec 20245862,82868.993.12$49,255
Nov 20246102,89369.052.20$48,481
Oct 20245082,77271.372.28$42,580
Sep 20244332,73769.612.36$36,612
Aug 20243831,01275.632.06$31,055
Jul 20244933,79979.932.15$47,560
Jun 20242961,05778.082.63$25,896
May 20243612,43378.812.20$33,799
Apr 20243972,29784.451.66$37,338
Mar 20247132,92680.301.55$61,775
Feb 20241021,26976.091.78$10,025
Jan 20247370373.023.30$7,649
Dec 20234013,27471.262.61$37,123
Nov 20235003,68377.892.81$49,285
Oct 20235993,63185.443.09$62,388
Sep 20236853,14889.042.74$69,602
Aug 20238314,10780.522.67$77,890
Jul 20238103,91974.852.64$70,982
Jun 20232091,15568.962.26$17,021
May 20232652,72470.622.23$24,782
Apr 20232002,01378.122.24$20,129
Mar 20231231,54472.852.39$12,656
Feb 202314765575.112.47$12,656
Jan 20233931,65676.533.39$35,686
Dec 20220076.415.73$0
Nov 202226285.005.65$520
Oct 2022042587.185.86$2,492
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 20220638115.097.98$5,089
May 20220144109.378.43$1,214
Apr 20221527104.226.84$3,708
Mar 20220688108.885.08$3,493
Feb 2022128491.054.86$1,471
Jan 2022361,44381.844.54$9,494
Dec 20211721,87271.323.90$19,566
Nov 2021911,84477.435.24$16,703
Oct 20211622,72379.795.71$28,485
Sep 20211293,46869.865.35$27,569
Aug 20211713,08466.024.22$24,306
Jul 20212823,64770.783.98$34,483
Jun 20212713,92169.493.38$32,087
May 20211883,40563.483.02$22,209
Apr 20211943,13060.362.76$20,344
Mar 20212712,05661.302.72$22,198
Feb 20211731,83657.805.55$20,185
Jan 202120293750.412.81$12,816
Dec 20203362,11844.642.68$20,666
Nov 20204631,89638.772.71$23,082
Oct 20203641,92336.972.48$18,223
Sep 20201872,02937.091.99$10,976
Aug 2020344,98739.982.39$13,254
Jul 20201913,20938.371.83$13,185
Jun 20201954,37234.901.69$14,196
May 20201016.921.81$17
Apr 20201063,38114.751.80$7,664
Mar 20203963,00430.341.86$17,591
Feb 20203922,25449.881.98$24,017
Jan 20206673,46657.252.09$45,446
Dec 20194373,75159.012.30$34,431
Nov 20194053,49955.302.75$32,021
Oct 20194374,10553.472.42$33,295
Sep 20194203,95255.052.66$33,623
Aug 20193854,80653.112.30$31,522
Jul 20195795,62356.272.46$46,413
Jun 20194094,33852.782.49$32,394
May 20194504,32458.482.74$38,165
Apr 20194724,40362.632.75$41,673
Mar 20193902,45356.803.06$29,663
Feb 20193392,77450.852.79$24,984
Jan 20194733,86546.033.23$34,249
Dec 20185054,34746.594.19$41,722
Nov 20184944,63052.934.24$45,766
Oct 20186174,52361.443.40$53,278
Sep 20185564,78159.543.11$47,964
Aug 20185076,04459.403.07$48,650
Jul 20186185,52165.142.93$56,443
Jun 20183103,76860.183.08$30,250
May 20184842,40865.382.90$38,629
Apr 20184872,31563.842.90$37,805
Mar 20185912,77361.222.79$43,909
Feb 20185923,66261.782.77$46,703
Jan 20188316,37362.874.01$77,796
Dec 20177907,06257.272.92$65,875
Nov 20175854,76755.423.12$47,286
Oct 20175805,62749.292.98$45,377
Sep 20176827,21047.523.09$54,668
Aug 20176135445.373.00$3,831
Jul 20173876,01643.873.09$35,551
Jun 20174776,43542.493.09$40,134
May 20177467,72545.373.26$59,056
Apr 20178788,44647.933.21$69,208
Mar 20179158,67646.772.98$68,681
Feb 20179118,32250.452.95$70,531
Jan 20171,0358,88249.413.42$81,505
Dec 20161,0989,97348.763.72$90,666
Nov 20161,17611,30442.492.64$79,860
Oct 20161,25916,85346.193.09$110,233
Sep 20161,30217,24641.553.10$107,572
Aug 20161,47218,14941.442.92$114,074
Jul 20161,49716,93541.622.92$111,829
Jun 20161,3108,51345.352.69$82,273
May 20161,59210,35242.521.99$88,303
Apr 20161,71010,75436.561.99$83,929
Mar 20161,67912,07533.011.79$77,086
Feb 20161,72311,97826.472.06$70,326
Jan 20162,24512,91827.352.36$91,944
Dec 20152,28510,92332.362.00$95,804
Nov 20152,5917,20038.792.17$116,110
Oct 20154,92621,59843.552.43$266,937
Sep 20151,82816,63642.992.76$124,475
Aug 20153,35317,91640.162.87$186,120
Jul 20154,59927,42748.152.95$302,217
Jun 20155,35831,85356.152.88$392,679
May 20156,85236,99955.212.96$487,648
Apr 20158,05742,70349.822.71$516,978
Mar 201510,21354,19242.892.93$597,073
Feb 201514,27162,81844.662.98$824,301
Jan 20154,52018,47743.433.10$253,594

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           312 bbl  × $106.41 =    $33,200
Gas                  619 Mcf  × $  3.05 =     $1,885

────────────────────────────────────────────────────
Month total                                  $35,085

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/279244 is the state's own key, not one this site invented.