BAILEY-RETZLOFF 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 279990District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.4 M
Nov 2015 – May 2026
Value, last 12 filed months
$24 k
at the published price for each month
Months reported
127
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 Gas112016-08-12219140
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
CondensateDisposition87,770 bbl$3,686,106
GasProduction647,020 Mcf$1,671,537
Total$5,357,643

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 28.7833, -97.9887. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.78326, -97.98871 · 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
12,111 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 12,111 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-255344969H12,111 ftNov 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 (127)

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

127 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 2025067059.383.30$2,214
Sep 202501,10262.743.08$3,391
Aug 2025492663.933.01$3,047
Jul 20256219366.743.32$4,778
Jun 20251505366.483.13$10,138
May 202577560.553.23$4,679
Apr 2025109762.363.54$6,822
Mar 2025491267.704.27$3,369
Feb 202547370.884.34$3,344
Jan 202551374.324.28$3,803
Dec 202431268.993.12$2,145
Nov 2024202969.052.20$1,445
Oct 20241310371.372.28$1,163
Sep 20241312169.612.36$1,191
Aug 202424375.632.06$1,821
Jul 20240079.932.15$0
Jun 2024013778.082.63$361
May 2024017178.812.20$376
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 2024053076.091.78$945
Jan 202407573.023.30$247
Dec 2023017371.262.61$452
Nov 2023010977.892.81$306
Oct 2023026885.443.09$827
Sep 2023026789.042.74$730
Aug 2023011280.522.67$299
Jul 20230074.852.64$0
Jun 20232068.962.26$138
May 202315326870.622.23$11,402
Apr 202328199178.122.24$24,169
Mar 202324439472.852.39$18,718
Feb 20237375.112.47$533
Jan 202334283176.533.39$28,988
Dec 202228653876.415.73$24,936
Nov 20224632985.005.65$5,768
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 202267581.844.54$831
Dec 20211211,05071.323.90$12,724
Nov 20211791,89277.435.24$23,768
Oct 20212331,69979.795.71$28,299
Sep 20211641,46169.865.35$19,275
Aug 20212171,74766.024.22$21,700
Jul 20215537470.783.98$5,382
Jun 20212832,26069.493.38$27,306
May 20212863,95963.483.02$30,102
Apr 20212792,97360.362.76$25,041
Mar 20213332,73261.302.72$27,836
Feb 20212232,16557.805.55$24,901
Jan 20213112,75450.412.81$23,417
Dec 20203192,76444.642.68$21,635
Nov 20203442,12738.772.71$19,094
Oct 20202331,27136.972.48$11,764
Sep 20202082,78237.091.99$13,254
Aug 20202162,27539.982.39$14,062
Jul 20202191,54038.371.83$11,214
Jun 20202281,49834.901.69$10,489
May 20202212,52216.921.81$8,316
Apr 20201602,33214.751.80$6,568
Mar 20201543,13630.341.86$10,494
Feb 20201351,47349.881.98$9,651
Jan 202036264757.252.09$22,080
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 2019452853.472.42$1,491
Sep 201917456255.052.66$11,072
Aug 2019344453.112.30$1,907
Jul 20195623656.272.46$3,732
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20193056.803.06$170
Feb 20199855950.852.79$6,544
Jan 20194393,50846.033.23$31,532
Dec 20184903,06046.594.19$35,637
Nov 20185253,58452.934.24$42,975
Oct 20186353,93861.443.40$52,396
Sep 20186134,16959.543.11$49,455
Aug 20185304,70959.403.07$45,922
Jul 20182554,05365.142.93$28,494
Jun 20183694,03060.183.08$34,606
May 20185444,47965.382.90$48,559
Apr 20187667,47463.842.90$70,582
Mar 20181,0117,96961.222.79$84,102
Feb 20187226,17861.782.77$61,694
Jan 20185776,37762.874.01$61,843
Dec 20174724,61357.272.92$40,508
Nov 20171,1797,42655.423.12$88,497
Oct 20171,5497,71349.292.98$99,363
Sep 20171,0973,18247.523.09$61,953
Aug 20176706,58645.373.00$50,185
Jul 20179338,69543.873.09$67,775
Jun 20171,0088,65942.493.09$69,563
May 20171,43410,47345.373.26$99,238
Apr 20171,67811,78147.933.21$118,262
Mar 20171,1066,50546.772.98$71,136
Feb 20171,79211,43550.452.95$124,169
Jan 20172,47019,77249.413.42$189,639
Dec 20163,40825,60648.763.72$261,501
Nov 20163,81127,98942.492.64$235,942
Oct 20163,21719,64246.193.09$209,292
Sep 20161041.553.10$42
Aug 2016589141.442.92$2,670
Jul 201672891041.622.92$32,961
Jun 20161,53815,13245.352.69$110,390
May 20164,77646,49842.521.99$295,655
Apr 20164,02234,54536.561.99$215,825
Mar 20165,13027,39933.011.79$218,495
Feb 20166,10844,14126.472.06$252,769
Jan 20167,61859,50827.352.36$349,051
Dec 201510,01372,52232.362.00$469,167
Nov 20156,60942,80438.792.17$349,134

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.

Oct 2025 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.38 =         $0
Gas                  670 Mcf  × $  3.30 =     $2,214

────────────────────────────────────────────────────
Month total                                   $2,214

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/279990 is the state's own key, not one this site invented.