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EASLEY 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 279740District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.9 M
Jul 2015 – May 2026
Value, last 12 filed months
$183 k
at the published price for each month
Months reported
131
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 Gas112017-06-12220208
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
CondensateDisposition155,131 bbl$8,409,590
GasProduction1,503,937 Mcf$4,479,241
Total$12,888,831

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 28.7630, -97.9805. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.76298, -97.98052 · 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
12,352 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 12,352 ft.

Completions filed
Jul 2015
1 of 1 wells

1 well

42-255343681H12,352 ftJul 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 (131)

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

131 months

May 202611115106.413.05$1,521
Apr 202613047298.932.87$14,215
Mar 202610089.753.15$898
Feb 202610654963.503.75$8,790
Jan 20263970459.138.00$7,937
Dec 20257666456.664.41$7,237
Nov 20251582,82058.593.93$20,330
Oct 20251573,27659.383.30$20,149
Sep 20252312,91762.743.08$23,468
Aug 20252062,98163.933.01$22,157
Jul 20252363,47866.743.32$27,281
Jun 20252603,77766.483.13$29,102
May 20253022,87660.553.23$27,582
Apr 20253602,63162.363.54$31,772
Mar 20259325967.704.27$7,402
Feb 20253751,06770.884.34$31,212
Jan 202530279774.324.28$25,855
Dec 202419578168.993.12$15,891
Nov 20242891,07569.052.20$22,319
Oct 20243081,02171.372.28$24,311
Sep 20243431,35169.612.36$27,070
Aug 20245963,21075.632.06$51,700
Jul 20247274,54779.932.15$67,870
Jun 20244361,98278.082.63$39,263
May 20243321,84278.812.20$30,214
Apr 202449098784.451.66$43,018
Mar 202432680.301.55$2,579
Feb 20241269276.091.78$9,751
Jan 202413552073.023.30$11,572
Dec 20234081,15171.262.61$32,079
Nov 20235561,40477.892.81$47,249
Oct 20237862,18885.443.09$73,911
Sep 20235452,04089.042.74$54,106
Aug 20237433,26280.522.67$68,545
Jul 20235322,20174.852.64$45,635
Jun 20231,0103,56768.962.26$77,706
May 20231,2424,17570.622.23$97,009
Apr 20231,6296,38478.122.24$141,543
Mar 20231,9278,37772.852.39$160,429
Feb 20231,8878,31875.112.47$162,242
Jan 20233,21712,34076.533.39$288,001
Dec 20223,58811,82676.415.73$341,911
Nov 20225,65918,51585.005.65$585,554
Oct 20229,10032,34287.185.86$982,984
Sep 2022651,77084.888.16$19,967
Aug 20224674,63894.529.13$86,473
Jul 20224014,313101.587.54$73,263
Jun 20223213,791115.097.98$67,185
May 20225405,814109.378.43$108,089
Apr 20225014,630104.226.84$83,872
Mar 20222722,718108.885.08$43,413
Feb 20222172,59491.054.86$32,362
Jan 20225375,14981.844.54$67,313
Dec 20216075,55171.323.90$64,935
Nov 20213793,53677.435.24$47,863
Oct 20214734,55079.795.71$63,739
Sep 20214594,44169.865.35$55,829
Aug 20213072,91066.024.22$32,550
Jul 20215185,46970.783.98$58,442
Jun 20213784,27869.493.38$40,730
May 20214484,94263.483.02$43,352
Apr 202138892760.362.76$25,977
Mar 20213875,37861.302.72$38,335
Feb 20212763,69557.805.55$36,452
Jan 20213985,50650.412.81$35,537
Dec 20203735,64344.642.68$31,748
Nov 20202794,45338.772.71$22,869
Oct 20203456,07136.972.48$27,801
Sep 20202734,32937.091.99$18,745
Aug 20201311,26039.982.39$8,243
Jul 20203626,16538.371.83$25,142
Jun 20203926,91034.901.69$25,361
May 20205337,45216.921.81$22,542
Apr 20205847,86414.751.80$22,804
Mar 20205837,45430.341.86$31,525
Feb 20205869,82349.881.98$48,686
Jan 20203173,39057.252.09$25,249
Dec 201959710,12559.012.30$58,561
Nov 20195937,61355.302.75$53,734
Oct 20195017,26053.472.42$44,347
Sep 20198257,99255.052.66$66,653
Aug 20191,00310,45253.112.30$77,355
Jul 20197608,67356.272.46$64,101
Jun 201998910,53052.782.49$78,432
May 20191,17711,07358.482.74$99,175
Apr 20194314,73862.632.75$40,026
Mar 201994318,56456.803.06$110,407
Feb 201983928,29150.852.79$121,658
Jan 20191,19311,25546.033.23$91,247
Dec 20181,43112,87046.594.19$120,537
Nov 20181,21213,04752.934.24$119,434
Oct 201887811,16261.443.40$91,874
Sep 20182329,85159.543.11$44,430
Aug 2018401,09859.403.07$5,743
Jul 201825910,79065.142.93$48,506
Jun 201828711,83160.183.08$53,675
May 201842712,72965.382.90$64,842
Apr 201832712,11963.842.90$56,030
Mar 201874912,69761.222.79$81,238
Feb 201844013,14961.782.77$63,555
Jan 201856712,04662.874.01$83,944
Dec 201740413,77657.272.92$63,384
Nov 20171,12113,89255.423.12$105,446
Oct 20171,08218,51849.292.98$108,584
Sep 201780213,83247.523.09$80,814
Aug 201776711,54845.373.00$69,494
Jul 20171,03515,20443.873.09$92,344
Jun 201799316,85742.493.09$94,235
May 20171,20418,08545.373.26$113,644
Apr 20171,20518,62247.933.21$117,562
Mar 201798414,17446.772.98$88,312
Feb 20171,37516,84650.452.95$119,108
Jan 20171,42820,63949.413.42$141,118
Dec 20161,40722,46548.763.72$152,239
Nov 20161,48122,62742.492.64$122,761
Oct 20161,60725,94546.193.09$154,404
Sep 20161,64523,60541.553.10$141,540
Aug 20162,05427,00341.442.92$164,084
Jul 20161,96525,67741.622.92$156,872
Jun 20161,71527,47045.352.69$151,555
May 20162,20131,51342.521.99$156,330
Apr 20162,32534,31536.561.99$153,325
Mar 20162,94041,40133.011.79$171,323
Feb 20162,55229,62126.472.06$128,678
Jan 20163,04140,22227.352.36$178,271
Dec 20154,89750,14532.362.00$258,828
Nov 20155,91356,47038.792.17$351,754
Oct 20158,01173,29543.552.43$526,735
Sep 201510,15084,71042.992.76$670,014
Aug 201518,70899,89840.162.87$1,038,269
Jul 20154323,30648.152.95$30,537

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            11 bbl  × $106.41 =     $1,171
Gas                  115 Mcf  × $  3.05 =       $350

────────────────────────────────────────────────────
Month total                                   $1,521

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/279740 is the state's own key, not one this site invented.