MineralRecord
Log inSign up

DIRECT ASSETS 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 279778District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.6 M
Sep 2015 – May 2026
Value, last 12 filed months
$229 k
at the published price for each month
Months reported
129
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 Gas112017-02-21219517
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
CondensateDisposition126,275 bbl$6,086,307
GasProduction822,655 Mcf$2,555,239
Total$8,641,546

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 28.8058, -97.9831. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.80582, -97.98306 · 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
11,895 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 11,895 ft.

Completions filed
Sep 2015
1 of 1 wells

1 well

42-255344263H11,895 ftSep 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 (129)

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

129 months

May 2026762,851106.413.05$16,771
Apr 2026932,41198.932.87$16,119
Mar 20262473989.753.15$4,481
Feb 2026481,16063.503.75$7,398
Jan 2026622,47959.138.00$23,493
Dec 20255341256.664.41$4,821
Nov 20251554,21658.593.93$25,635
Oct 20251384,08059.383.30$21,678
Sep 20252005,21362.743.08$28,588
Aug 20251895,04563.933.01$27,292
Jul 2025935,26566.743.32$23,661
Jun 20251246,62866.483.13$28,981
May 20251256,27360.553.23$27,845
Apr 20251926,09062.363.54$33,551
Mar 20251776,12267.704.27$38,114
Feb 20252197,73470.884.34$49,095
Jan 20252241,68174.324.28$23,840
Dec 20242042,44168.993.12$21,693
Nov 20241722069.052.20$11,921
Oct 202415780971.372.28$13,051
Sep 20241221,20969.612.36$11,351
Aug 20241491,70075.632.06$14,777
Jul 20241821,57379.932.15$17,924
Jun 20241961,39878.082.63$18,986
May 202419543578.812.20$16,324
Apr 20246811,96384.451.66$60,767
Mar 20246711,13180.301.55$55,629
Feb 20242353,40776.091.78$23,958
Jan 20241902,79173.023.30$23,078
Dec 20232524,14171.262.61$28,769
Nov 20232673,90377.892.81$31,755
Oct 20237284,51185.443.09$76,127
Sep 20232483,27089.042.74$31,026
Aug 20232575,18180.522.67$34,542
Jul 20232534,73574.852.64$31,446
Jun 20232963,32768.962.26$27,926
May 20232523,46470.622.23$25,512
Apr 20233096,37478.122.24$38,403
Mar 202351312,75472.852.39$67,894
Feb 202346215,54575.112.47$73,030
Jan 202346818,63476.533.39$98,943
Dec 20222976,32476.415.73$58,924
Nov 20222373,24985.005.65$38,490
Oct 20221837,58987.185.86$60,454
Sep 20222582,99284.888.16$46,325
Aug 20221628,98394.529.13$97,302
Jul 20222664,770101.587.54$62,996
Jun 20222676,340115.097.98$81,304
May 20223215,955109.378.43$85,327
Apr 20224144,502104.226.84$73,930
Mar 20228794,892108.885.08$120,539
Feb 20228043,13791.054.86$88,446
Jan 20224643,21881.844.54$52,576
Dec 20211,2232,21771.323.90$95,869
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20211069.865.35$70
Aug 20215148666.024.22$5,418
Jul 20215004,09670.783.98$51,701
Jun 20218874,91569.493.38$78,253
May 20219943,76663.483.02$74,464
Apr 20211,0703,50160.362.76$74,242
Mar 20211,2702,37861.302.72$84,312
Feb 202139590757.805.55$27,863
Jan 20218311,07650.412.81$44,915
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20201228316.921.81$717
Apr 202088814.751.80$277
Mar 20200030.341.86$0
Feb 2020861749.881.98$1,621
Jan 20201964457.252.09$2,437
Dec 20192265059.012.30$2,796
Nov 2019591955.302.75$2,804
Oct 20191429753.472.42$1,467
Sep 20192950155.052.66$2,928
Aug 20192471553.112.30$2,922
Jul 20191912,31456.272.46$16,440
Jun 20194775,50452.782.49$38,888
May 20196235,92658.482.74$52,672
Apr 20196045,79662.632.75$53,772
Mar 20195464,60756.803.06$45,120
Feb 20195143,70950.852.79$36,493
Jan 20196705,15746.033.23$47,488
Dec 20186575,55646.594.19$53,864
Nov 20185255,15352.934.24$49,623
Oct 20186035,63661.443.40$56,200
Sep 20185935,37359.543.11$52,007
Aug 20186735,50959.403.07$56,870
Jul 20187005,99365.142.93$63,169
Jun 20187265,48160.183.08$60,555
May 20187265,46565.382.90$63,319
Apr 20188046,16063.842.90$69,196
Mar 20188666,18461.222.79$70,250
Feb 20187945,06561.782.77$63,064
Jan 20189596,04262.874.01$84,517
Dec 20179556,35057.272.92$73,245
Nov 20177796,79655.423.12$64,365
Oct 20179637,09849.292.98$68,644
Sep 20171,1059,35247.523.09$81,382
Aug 20178355,47445.373.00$54,330
Jul 20171,3118,74243.873.09$84,503
Jun 20171,1877,52442.493.09$73,664
May 20171,6429,55545.373.26$105,679
Apr 20172,10112,14847.933.21$139,715
Mar 20172,53514,42446.772.98$161,599
Feb 20174,52816,81150.452.95$278,074
Jan 20171,4455,72749.413.42$90,977
Dec 20162,02414,86048.763.72$154,011
Nov 20161,93212,68342.492.64$115,629
Oct 20162,26114,86146.193.09$150,360
Sep 20162,66416,60641.553.10$162,178
Aug 20163,03517,22241.442.92$176,133
Jul 20163,83021,82941.622.92$223,240
Jun 20164,18022,13145.352.69$249,003
May 20163,89018,81742.521.99$202,868
Apr 20163,73421,61736.561.99$179,555
Mar 20164,47823,75933.011.79$190,443
Feb 20164,64622,24926.472.06$168,893
Jan 20166,09815,66327.352.36$203,813
Dec 20157,83632,49932.362.00$318,617
Nov 20158,70236,25338.792.17$416,123
Oct 20159,92941,15343.552.43$532,269
Sep 20153,83316,70042.992.76$210,846

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            76 bbl  × $106.41 =     $8,087
Gas                2,851 Mcf  × $  3.05 =     $8,684

────────────────────────────────────────────────────
Month total                                  $16,771

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/279778 is the state's own key, not one this site invented.