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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 280525District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.0 M
Nov 2015 – May 2026
Value, last 12 filed months
$445 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 Gas112017-06-12220151
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
CondensateDisposition111,652 bbl$5,153,825
GasProduction1,328,155 Mcf$3,859,198
Total$9,013,023

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 28.7724, -97.9761. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.77240, -97.97613 · 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
12,263 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 12,263 ft.

Completions filed
Nov 2015
1 of 1 wells

1 well

42-2553410112H12,263 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 20261863,817106.413.05$31,418
Apr 20261062,65698.932.87$18,109
Mar 20261914,24989.753.15$30,524
Feb 20261733,94363.503.75$25,773
Jan 20263406,75859.138.00$74,154
Dec 20253408,23756.664.41$55,617
Nov 20253036,82258.593.93$44,539
Oct 20252837,71559.383.30$42,301
Sep 20252393,45962.743.08$25,638
Aug 202521085863.933.01$16,012
Jul 20253764,77166.743.32$40,911
Jun 20253634,94166.483.13$39,591
May 20253304,07260.553.23$33,144
Apr 20254205,06162.363.54$44,123
Mar 20253668,43967.704.27$60,799
Feb 202537313,49070.884.34$84,996
Jan 202545410,47274.324.28$78,548
Dec 202441417,32068.993.12$82,624
Nov 202433317,34369.052.20$61,121
Oct 202427712,45871.372.28$48,191
Sep 202425210,36269.612.36$42,041
Aug 20242799,83475.632.06$41,395
Jul 202435713,53779.932.15$57,593
Jun 20243168,81578.082.63$47,892
May 20242649,94878.812.20$42,676
Apr 20243466,72484.451.66$40,376
Mar 20244916,63680.301.55$49,681
Feb 20243004,01576.091.78$29,988
Jan 20243823,76373.023.30$40,303
Dec 20234055,18071.262.61$42,384
Nov 20234224,77077.892.81$46,262
Oct 20235766,71885.443.09$69,954
Sep 20235094,90189.042.74$58,726
Aug 20235826,46380.522.67$64,137
Jul 2023834,61674.852.64$18,407
Jun 2023701,20868.962.26$7,555
May 20231070.622.23$71
Apr 20233721978.122.24$3,381
Mar 20236917072.852.39$5,433
Feb 20238946775.112.47$7,836
Jan 20232151,19076.533.39$20,485
Dec 20223215,25176.415.73$54,611
Nov 202210658285.005.65$12,296
Oct 202211452587.185.86$13,017
Sep 20222842,25684.888.16$42,523
Aug 20222813,43094.529.13$57,866
Jul 20222854,112101.587.54$59,963
Jun 20222993,488115.097.98$62,236
May 20224344,614109.378.43$86,377
Apr 20224294,963104.226.84$78,645
Mar 20224954,020108.885.08$74,303
Feb 20225604,34791.054.86$72,109
Jan 20225285,74381.844.54$69,271
Dec 20213662,27771.323.90$34,981
Nov 20212213,39577.435.24$34,891
Oct 20212403,48079.795.71$39,034
Sep 20212163,57769.865.35$34,230
Aug 20211542,79766.024.22$21,972
Jul 2021913,97370.783.98$22,262
Jun 20212915,35569.493.38$38,325
May 20212835,30663.483.02$33,977
Apr 20211451,93260.362.76$14,081
Mar 20211341,76061.302.72$12,996
Feb 20211692,17957.805.55$21,857
Jan 20211762,61950.412.81$16,232
Dec 20202162,54444.642.68$16,449
Nov 20202212,87938.772.71$16,360
Oct 20202745,27536.972.48$23,204
Sep 20202373,71137.091.99$16,179
Aug 20203077,80939.982.39$30,899
Jul 20203076,81138.371.83$24,210
Jun 20201702,16434.901.69$9,591
May 2020781,47916.921.81$4,004
Apr 20204793714.751.80$2,384
Mar 20203096,67830.341.86$21,771
Feb 20201797,74749.881.98$24,273
Jan 20205948,99157.252.09$52,840
Dec 20193203,50059.012.30$26,948
Nov 20192803,34455.302.75$24,682
Oct 20191394,97953.472.42$19,474
Sep 20191445,67255.052.66$22,999
Aug 20191955,25353.112.30$22,461
Jul 201993712,49656.272.46$83,466
Jun 201995212,61452.782.49$81,671
May 20191,02813,88158.482.74$98,156
Apr 20191,04316,82662.632.75$111,606
Mar 201978414,51956.803.06$88,990
Feb 201959511,34550.852.79$61,933
Jan 201948513,11046.033.23$64,646
Dec 201850910,68546.594.19$68,436
Nov 20184686,97352.934.24$54,318
Oct 20184946,96361.443.40$54,012
Sep 20185107,31159.543.11$53,088
Aug 20185277,33859.403.07$53,806
Jul 20185257,49765.142.93$56,179
Jun 20185978,70460.183.08$62,709
May 20185186,47165.382.90$52,638
Apr 20184726,45163.842.90$48,846
Mar 20185006,88561.222.79$49,797
Feb 20185677,03161.782.77$54,478
Jan 20185937,91062.874.01$68,996
Dec 20175638,19557.272.92$56,185
Nov 20175067,45155.423.12$51,277
Oct 20176348,40049.292.98$56,313
Sep 201799518,80047.523.09$105,323
Aug 20175417,38245.373.00$46,724
Jul 20176659,56543.873.09$58,703
Jun 201769611,84742.493.09$66,148
May 201795022,14845.373.26$115,379
Apr 201799121,36747.933.21$116,121
Mar 20171,19624,27346.772.98$128,360
Feb 20171,07022,30350.452.95$119,833
Jan 20171,29223,04749.413.42$142,631
Dec 20161,33725,20948.763.72$159,041
Nov 20161,41725,74442.492.64$128,284
Oct 20161,76230,00946.193.09$174,122
Sep 20162,24931,24341.553.10$190,319
Aug 20163,28533,75441.442.92$234,839
Jul 20165,16428,94241.622.92$299,562
Jun 20162,81524,70445.352.69$194,011
May 20161,2967,01342.521.99$69,069
Apr 20163,65328,62136.561.99$190,539
Mar 20165,82639,98633.011.79$264,052
Feb 20167,32653,20326.472.06$303,711
Jan 201610,82079,91227.352.36$484,868
Dec 201513,69190,62132.362.00$624,411
Nov 20156,04741,23538.792.17$323,933

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           186 bbl  × $106.41 =    $19,792
Gas                3,817 Mcf  × $  3.05 =    $11,626

────────────────────────────────────────────────────
Month total                                  $31,418

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/280525 is the state's own key, not one this site invented.