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 280029District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$6.5 M
Nov 2015 – May 2026
Value, last 12 filed months
$147 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 Gas112017-06-12220099
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
CondensateDisposition102,187 bbl$4,523,352
GasProduction775,122 Mcf$2,000,426
Total$6,523,778

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 28.7843, -97.9868. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.78431, -97.98683 · 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
12,123 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 12,123 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-2553449211H12,123 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 20261518106.413.05$16,092
Apr 20261951098.932.87$19,320
Mar 202673489.753.15$6,564
Feb 20266063.503.75$381
Jan 202610059.138.00$591
Dec 202555556.664.41$3,138
Nov 2025132758.593.93$7,761
Oct 20251991159.383.30$11,853
Sep 2025138762.743.08$8,680
Aug 20252191163.933.01$14,034
Jul 202537088666.743.32$27,631
Jun 202545125266.483.13$30,771
May 202553012960.553.23$32,508
Apr 20255034562.363.54$31,527
Mar 20253172067.704.27$21,546
Feb 202530270.884.34$2,135
Jan 202543274.324.28$3,204
Dec 20242341468.993.12$16,187
Nov 20245193369.052.20$35,910
Oct 20244583071.372.28$32,756
Sep 20244343069.612.36$30,282
Aug 20242842075.632.06$21,520
Jul 20243022179.932.15$24,184
Jun 2024112778.082.63$8,763
May 20241791178.812.20$14,131
Apr 202417184.451.66$1,437
Mar 20242241380.301.55$18,007
Feb 202448942276.091.78$37,961
Jan 202438625773.023.30$29,033
Dec 202338147571.262.61$28,390
Nov 202349861277.892.81$40,507
Oct 202325845185.443.09$23,436
Sep 202343355289.042.74$40,064
Aug 202349156480.522.67$41,043
Jul 20234151,24174.852.64$34,341
Jun 20235212,12568.962.26$40,727
May 20234721,92870.622.23$37,627
Apr 20237182,76878.122.24$62,284
Mar 20235234,77172.852.39$49,518
Feb 20236422,25275.112.47$53,773
Jan 20235383,87676.533.39$54,304
Dec 20226582,12376.415.73$62,441
Nov 20227373,21785.005.65$80,809
Oct 20224473,86487.185.86$61,627
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 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20211544269.865.35$3,413
Aug 20212752,42066.024.22$28,369
Jul 20212143,47470.783.98$28,981
Jun 202139679269.493.38$30,195
May 2021225463.483.02$893
Apr 20211504,88360.362.76$22,523
Mar 20213125,44361.302.72$33,914
Feb 20212394,65557.805.55$39,640
Jan 20213265,47650.412.81$31,823
Dec 20202082,73944.642.68$16,613
Nov 202059738.772.71$456
Oct 2020352036.972.48$1,344
Sep 20200737.091.99$14
Aug 2020011339.982.39$270
Jul 20202942838.371.83$1,894
Jun 20201664,81334.901.69$13,929
May 20201552,56916.921.81$7,285
Apr 20203367,24514.751.80$18,029
Mar 202020463430.341.86$7,366
Feb 20204527049.881.98$2,779
Jan 20205239157.252.09$3,796
Dec 20193013,85059.012.30$26,634
Nov 20193714,07455.302.75$31,723
Oct 20193374,21153.472.42$28,204
Sep 20196105,97155.052.66$49,447
Aug 20197789,20153.112.30$62,522
Jul 201911340656.272.46$7,357
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20192056.803.06$114
Feb 20198896250.852.79$7,161
Jan 20196546846.033.23$30,323
Dec 2018741,00646.594.19$7,658
Nov 20181751,17552.934.24$14,242
Oct 20182122,08661.443.40$20,114
Sep 20181681,22159.543.11$13,798
Aug 20182932,93659.403.07$26,408
Jul 20182253,17165.142.93$23,953
Jun 20182302,36860.183.08$21,128
May 20186586,51465.382.90$61,916
Apr 20186615,21963.842.90$57,338
Mar 20188416,26961.222.79$68,957
Feb 20185295,12161.782.77$46,847
Jan 20185667,62262.874.01$66,143
Dec 20176218,37057.272.92$60,018
Nov 20176169,11555.423.12$62,563
Oct 20176439,47349.292.98$59,958
Sep 20177907,96947.523.09$62,143
Aug 20175816,95245.373.00$47,247
Jul 201788110,13043.873.09$69,924
Jun 201787810,61042.493.09$70,062
May 20171,01711,90245.373.26$84,982
Apr 20171,24111,80747.933.21$97,400
Mar 20171,18314,97346.772.98$100,004
Feb 20171,06812,94850.452.95$92,111
Jan 20171,24216,30849.413.42$117,121
Dec 20161,29416,38548.763.72$124,094
Nov 20161,33615,47242.492.64$97,680
Oct 20161,61216,57246.193.09$125,670
Sep 20161,95816,84541.553.10$133,585
Aug 20162,74420,93241.442.92$174,924
Jul 20161,5518,08241.622.92$88,187
Jun 20162,60326,61445.352.69$189,527
May 20164,13927,35242.521.99$230,449
Apr 20164,19935,59436.561.99$224,385
Mar 20166,06343,81933.011.79$278,751
Feb 20167,98451,54026.472.06$317,696
Jan 20169,51868,83427.352.36$423,066
Dec 201513,20691,26132.362.00$609,997
Nov 20157,37751,57038.792.17$397,923

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           151 bbl  × $106.41 =    $16,068
Gas                    8 Mcf  × $  3.05 =        $24

────────────────────────────────────────────────────
Month total                                  $16,092

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/280029 is the state's own key, not one this site invented.