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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 280523District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.3 M
Mar 2016 – May 2026
Value, last 12 filed months
$501 k
at the published price for each month
Months reported
123
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 Gas112017-06-12220152
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
CondensateDisposition127,483 bbl$6,931,395
GasProduction1,369,026 Mcf$4,393,167
Total$11,324,562

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 28.7678, -97.9790. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.76779, -97.97904 · 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
12,303 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 12,303 ft.

Completions filed
Aug 2016
1 of 1 wells

1 well

42-255348237H12,303 ftAug 2016——

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 (123)

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

123 months

May 20263354,330106.413.05$48,836
Apr 20264054,40798.932.87$52,714
Mar 20264384,67189.753.15$54,022
Feb 20263584,09863.503.75$38,102
Jan 20263984,48159.138.00$59,372
Dec 20253704,19656.664.41$39,483
Nov 20254863,87958.593.93$43,705
Oct 20253994,52459.383.30$38,644
Sep 20253724,30462.743.08$36,582
Aug 20252963,58563.933.01$29,731
Jul 20252563,55166.743.32$28,858
Jun 20253093,21466.483.13$30,598
May 20253443,85160.553.23$33,277
Apr 20254846,08962.363.54$51,756
Mar 20255086,61967.704.27$62,644
Feb 20254785,59970.884.34$58,185
Jan 20254834,81374.324.28$56,490
Dec 20244585,29068.993.12$48,109
Nov 20244304,99469.052.20$40,671
Oct 20244344,99571.372.28$42,370
Sep 20245076,08969.612.36$49,689
Aug 20245766,33175.632.06$56,628
Jul 20247008,05879.932.15$73,248
Jun 20245205,25278.082.63$54,435
May 20248066,83678.812.20$78,549
Apr 20248636,05484.451.66$82,925
Mar 20247715,78980.301.55$70,856
Feb 20242884,22876.091.78$29,455
Jan 20243044,53473.023.30$37,150
Dec 20232874,22371.262.61$31,477
Nov 20232403,51377.892.81$28,557
Oct 20233154,93985.443.09$42,162
Sep 20233055,05389.042.74$40,977
Aug 20233997,66180.522.67$52,604
Jul 20235079,57974.852.64$63,255
Jun 20234597,00768.962.26$47,478
May 20233315,24870.622.23$35,065
Apr 20233666,72778.122.24$43,645
Mar 20233764,08872.852.39$37,175
Feb 20235433,98275.112.47$50,603
Jan 20235174,61276.533.39$55,190
Dec 20224934,76476.415.73$64,963
Nov 20225445,05585.005.65$74,782
Oct 20224268,17987.185.86$85,098
Sep 20222764,06484.888.16$56,604
Aug 20223455,50494.529.13$82,845
Jul 20223355,340101.587.54$74,304
Jun 20222324,567115.097.98$63,133
May 20222865,882109.378.43$80,883
Apr 20222615,053104.226.84$61,752
Mar 20222505,629108.885.08$55,795
Feb 20222415,85291.054.86$50,377
Jan 20223707,43981.844.54$64,037
Dec 20213696,82371.323.90$52,921
Nov 20213386,53577.435.24$60,394
Oct 20212375,11279.795.71$48,120
Sep 20212565,57869.865.35$47,732
Aug 20212835,47066.024.22$41,770
Jul 20213276,08570.783.98$47,376
Jun 20212635,99469.493.38$38,539
May 202123110,25363.483.02$45,604
Apr 20211805,89060.362.76$27,112
Mar 20212646,07461.302.72$32,686
Feb 20213286,00957.805.55$52,296
Jan 20213636,21050.412.81$35,751
Dec 20203755,97144.642.68$32,715
Nov 20203625,70938.772.71$29,487
Oct 20204256,93536.972.48$32,900
Sep 20204637,02537.091.99$31,160
Aug 20204496,56339.982.39$33,604
Jul 20204936,71838.371.83$31,178
Jun 20205147,38534.901.69$30,422
May 20205047,55216.921.81$22,233
Apr 20205157,06014.751.80$20,335
Mar 20201,2648,10430.341.86$53,393
Feb 20204907,39049.881.98$39,078
Jan 20206937,49057.252.09$55,364
Dec 20196817,76559.012.30$58,079
Nov 20197498,80655.302.75$65,642
Oct 20196199,91153.472.42$57,068
Sep 201966110,59255.052.66$64,534
Aug 201971812,68853.112.30$67,371
Jul 201985114,21856.272.46$82,863
Jun 201981812,56852.782.49$74,483
May 201980313,85158.482.74$84,916
Apr 201997215,14662.632.75$102,538
Mar 201994410,39656.803.06$85,453
Feb 201992912,56350.852.79$82,318
Jan 201994713,45846.033.23$87,035
Dec 20181,20214,09546.594.19$114,995
Nov 20181,04413,82052.934.24$113,818
Oct 20181,12313,94061.443.40$116,366
Sep 20181,03213,54259.543.11$103,534
Aug 20181,26918,37359.403.07$131,721
Jul 20181,30118,90765.142.93$140,180
Jun 20181,43817,97460.183.08$141,843
May 20181,67019,53565.382.90$165,852
Apr 20181,59918,95863.842.90$157,074
Mar 20181,79720,47261.222.79$167,065
Feb 20181,93120,41461.782.77$175,765
Jan 20182,40127,33362.874.01$260,538
Dec 20172,33026,22357.272.92$210,050
Nov 20172,31224,69355.423.12$205,133
Oct 20172,42927,15849.292.98$200,756
Sep 20173,01426,82847.523.09$226,051
Aug 20172,34223,30545.373.00$176,274
Jul 20173,42432,19743.873.09$249,612
Jun 20173,82934,84342.493.09$270,264
May 20175,05342,33545.373.26$367,411
Apr 20175,99941,89247.933.21$422,072
Mar 20173,28427,63446.772.98$236,044
Feb 20175,02653,60550.452.95$411,836
Jan 20173,58334,24749.413.42$294,120
Dec 20163,50229,87048.763.72$281,958
Nov 20162,70727,77442.492.64$188,465
Oct 20164,54432,08146.193.09$309,026
Sep 20166,14536,17541.553.10$367,490
Aug 20168,39550,28541.442.92$494,939
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0

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           335 bbl  × $106.41 =    $35,647
Gas                4,330 Mcf  × $  3.05 =    $13,188

────────────────────────────────────────────────────
Month total                                  $48,836

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/280523 is the state's own key, not one this site invented.