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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 280394District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.4 M
Nov 2015 – May 2026
Value, last 12 filed months
$223 k
at the published price for each month
Months reported
127
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 Gas112017-02-21219539
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
CondensateDisposition69,647 bbl$3,181,517
GasProduction471,579 Mcf$1,212,781
Total$4,394,297

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 28.7943, -97.9706. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.79432, -97.97056 · 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
12,180 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 12,180 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-255346603H12,180 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 2026172603106.413.05$20,139
Apr 202621778298.932.87$23,712
Mar 202619246489.753.15$18,693
Feb 202623339163.503.75$16,262
Jan 20261912759.138.00$11,510
Dec 202527149456.664.41$17,535
Nov 202523970958.593.93$16,787
Oct 202527192659.383.30$19,152
Sep 202519393662.743.08$14,989
Aug 202516432663.933.01$11,467
Jul 202527739766.743.32$19,803
Jun 20254331,32266.483.13$32,922
May 202517316460.553.23$11,005
Apr 202514657662.363.54$11,145
Mar 20251201,08267.704.27$12,742
Feb 202510968470.884.34$10,695
Jan 20252864974.324.28$21,465
Dec 20241973668.993.12$13,703
Nov 2024778569.052.20$5,504
Oct 202411721571.372.28$8,841
Sep 202413524069.612.36$9,965
Aug 20242561,21875.632.06$21,875
Jul 20242215579.932.15$2,091
Jun 20242331,35378.082.63$21,756
May 20248232078.812.20$7,166
Apr 20248314284.451.66$7,245
Mar 202424124380.301.55$19,728
Feb 202421795176.091.78$18,208
Jan 202421983473.023.30$18,742
Dec 202316073071.262.61$13,307
Nov 20238622777.892.81$7,336
Oct 20232171,32385.443.09$22,625
Sep 20233531,94189.042.74$36,740
Aug 20232691,69780.522.67$26,196
Jul 20231491,63674.852.64$15,475
Jun 20231631,29568.962.26$14,165
May 20232161,05770.622.23$17,608
Apr 20232181,13178.122.24$19,561
Mar 202319873772.852.39$16,188
Feb 202328092875.112.47$23,319
Jan 202315332576.533.39$12,810
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 2022010087.185.86$586
Sep 2022016984.888.16$1,380
Aug 202206494.529.13$584
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 2022434081.844.54$1,870
Dec 202112071.323.90$149
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 202107570.783.98$299
Jun 2021827569.493.38$1,486
May 202125239063.483.02$17,174
Apr 202177756760.362.76$48,464
Mar 202129279361.302.72$20,054
Feb 20211211,12757.805.55$13,246
Jan 20212891,91050.412.81$19,936
Dec 20203231,66644.642.68$18,876
Nov 20202461,76138.772.71$14,304
Oct 20204821,89436.972.48$22,514
Sep 20205452,38937.091.99$24,971
Aug 20206062,08639.982.39$29,203
Jul 20204272,42638.371.83$20,812
Jun 20203222,77934.901.69$15,935
May 20203663,62016.921.81$12,762
Apr 20203813,42514.751.80$11,800
Mar 20202352,29330.341.86$11,386
Feb 20204252,61749.881.98$26,382
Jan 20204592,37657.252.09$31,255
Dec 20193902,35859.012.30$28,448
Nov 201925832455.302.75$15,159
Oct 20193502,27953.472.42$24,226
Sep 20191281355.052.66$2,821
Aug 20194002,89153.112.30$27,906
Jul 20192442,13256.272.46$18,975
Jun 20192702,45552.782.49$20,367
May 20194373,47158.482.74$35,067
Apr 20197166,38662.632.75$62,409
Mar 20191801,51656.803.06$14,866
Feb 20194272,72950.852.79$29,333
Jan 20194582,08246.033.23$27,803
Dec 20185022,71246.594.19$34,739
Nov 20186093,46252.934.24$46,904
Oct 20186373,78561.443.40$51,999
Sep 20184373,52459.543.11$36,972
Aug 20186875,67759.403.07$58,217
Jul 20189133,17165.142.93$68,770
Jun 201852357060.183.08$33,228
May 20183621,63065.382.90$28,396
Apr 20185153,76163.842.90$43,788
Mar 20186643,96261.222.79$51,692
Feb 20185074,62461.782.77$44,113
Jan 20186203,77962.874.01$54,131
Dec 20176424,95057.272.92$51,229
Nov 20175344,03055.423.12$42,161
Oct 20174874,40649.292.98$37,150
Sep 20175496,15547.523.09$45,091
Aug 20178334145.373.00$4,790
Jul 20175705,39543.873.09$41,662
Jun 20177187,92042.493.09$54,959
May 20177768,12345.373.26$61,716
Apr 20178028,66947.933.21$66,281
Mar 20177558,17946.772.98$59,715
Feb 20177046,43450.452.95$54,514
Jan 20179318,03849.413.42$73,481
Dec 20161,0648,79248.763.72$84,612
Nov 20161,1068,19742.492.64$68,670
Oct 20161,3118,04346.193.09$85,410
Sep 20161,4288,47841.553.10$85,621
Aug 20161,4379,98341.442.92$88,743
Jul 20161,50811,87541.622.92$97,490
Jun 20161,61913,53945.352.69$109,785
May 20162,06515,70242.521.99$119,067
Apr 20162,41718,07036.561.99$124,344
Mar 20162,85524,76933.011.79$138,679
Feb 20163,22427,40926.472.06$141,901
Jan 20164,74338,88127.352.36$221,650
Dec 20158,70255,03732.362.00$391,748
Nov 20152,91016,15838.792.17$147,899

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           172 bbl  × $106.41 =    $18,303
Gas                  603 Mcf  × $  3.05 =     $1,837

────────────────────────────────────────────────────
Month total                                  $20,139

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/280394 is the state's own key, not one this site invented.