FRANKE 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 282336District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$7.3 M
Apr 2016 – May 2026
Value, last 12 filed months
$228 k
at the published price for each month
Months reported
122
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 Gas112018-02-16220997
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
CondensateDisposition96,987 bbl$5,806,920
GasProduction499,423 Mcf$1,452,027
Total$7,258,947

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 28.8035, -97.9317. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.80345, -97.93165 · 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
12,431 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 12,431 ft.

Completions filed
Apr 2016
1 of 1 wells

1 well

42-255344003H12,431 ftApr 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 (122)

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

122 months

May 20262781,507106.413.05$34,172
Apr 20264011,38498.932.87$43,643
Mar 20262726189.753.15$3,245
Feb 20266045463.503.75$5,513
Jan 20261,12729859.138.00$69,023
Dec 20259156.664.41$514
Nov 202536558.593.93$2,129
Oct 202511059.383.30$653
Sep 202525374862.743.08$18,175
Aug 20251941,03563.933.01$15,523
Jul 20252061,27566.743.32$17,975
Jun 20252071,32666.483.13$17,910
May 20252371,22560.553.23$18,310
Apr 202520187062.363.54$15,617
Mar 202526790267.704.27$21,926
Feb 202521657470.884.34$17,802
Jan 20258856974.324.28$8,975
Dec 202412151768.993.12$9,962
Nov 202416275569.052.20$12,846
Oct 202416384271.372.28$13,554
Sep 202413482969.612.36$11,288
Aug 202413290375.632.06$11,847
Jul 202414689779.932.15$13,595
Jun 202413788678.082.63$13,031
May 202411598778.812.20$11,233
Apr 202413989384.451.66$13,220
Mar 202420191580.301.55$17,554
Feb 202428690976.091.78$23,383
Jan 202451098873.023.30$40,498
Dec 202345198271.262.61$34,702
Nov 20231,8241,13877.892.81$145,266
Oct 20232,8531,47085.443.09$248,299
Sep 20232,47147389.042.74$221,312
Aug 20232,10135180.522.67$170,111
Jul 20232,23545374.852.64$168,486
Jun 20232,02643668.962.26$140,698
May 20232,65384670.622.23$189,239
Apr 20231,3961,40278.122.24$112,193
Mar 20231,4451,72672.852.39$109,399
Feb 20231,1551,35775.112.47$90,098
Jan 20231,2311,58576.533.39$99,578
Dec 20221,0711,45576.415.73$90,171
Nov 20221,80181985.005.65$157,709
Oct 20221,3961,34887.185.86$129,608
Sep 20229721,30884.888.16$93,181
Aug 20221,5931,32294.529.13$162,636
Jul 20221,4081,597101.587.54$155,069
Jun 20228561,789115.097.98$112,788
May 20225741,658109.378.43$76,760
Apr 20222521,876104.226.84$39,091
Mar 20222292,010108.885.08$35,137
Feb 20222831,72091.054.86$34,124
Jan 20222932,67281.844.54$36,104
Dec 20214431,99871.323.90$39,385
Nov 20212781,76577.435.24$30,769
Oct 2021981,47879.795.71$16,265
Sep 20211501,44669.865.35$18,216
Aug 20211711,70466.024.22$18,481
Jul 20211421,64470.783.98$16,597
Jun 20211011,81569.493.38$13,154
May 20211681,85363.483.02$16,256
Apr 20211831,76560.362.76$15,914
Mar 20212261,79461.302.72$18,728
Feb 20211252,77657.805.55$22,626
Jan 20211774,07150.412.81$20,363
Dec 20201493,16744.642.68$15,125
Nov 20201633,31738.772.71$15,297
Oct 20201613,45336.972.48$14,510
Sep 20204964,66137.091.99$27,677
Aug 20207425,58639.982.39$42,988
Jul 20203275,55738.371.83$22,689
Jun 20203445,43834.901.69$21,198
May 20204725,90616.921.81$18,704
Apr 20203872,90214.751.80$10,945
Mar 20204393,53930.341.86$19,888
Feb 20202553,02849.881.98$18,717
Jan 20202553,39957.252.09$21,719
Dec 20192502,80859.012.30$21,223
Nov 20192462,74855.302.75$21,163
Oct 20191402,61853.472.42$13,818
Sep 20193182,45255.052.66$24,022
Aug 20194052,13453.112.30$26,427
Jul 20195022,18556.272.46$33,623
Jun 20192352,31452.782.49$18,168
May 20192892,63758.482.74$24,127
Apr 20192942,75062.632.75$25,978
Mar 20194023,07056.803.06$32,234
Feb 20195674,78250.852.79$42,184
Jan 20195774,43246.033.23$40,867
Dec 20186824,23546.594.19$49,500
Nov 20184853,87852.934.24$42,103
Oct 20184244,31961.443.40$40,727
Sep 20184674,84659.543.11$42,867
Aug 20185195,07959.403.07$46,404
Jul 20185284,79065.142.93$48,438
Jun 20185504,95260.183.08$48,336
May 20185704,90065.382.90$51,481
Apr 20184964,25663.842.90$44,010
Mar 20186115,22661.222.79$51,969
Feb 20185445,14461.782.77$47,837
Jan 20186895,70162.874.01$66,175
Dec 20175834,64457.272.92$46,956
Nov 20176464,91055.423.12$51,112
Oct 20177225,43349.292.98$51,798
Sep 20178036,14647.523.09$57,133
Aug 201710972345.373.00$7,118
Jul 20178116,09643.873.09$54,399
Jun 20178306,52142.493.09$55,399
May 20171,0197,66845.373.26$71,256
Apr 20178757,35047.933.21$65,544
Mar 20178967,87546.772.98$65,402
Feb 20171,0498,79750.452.95$78,896
Jan 20171,33610,62449.413.42$102,333
Dec 20161,52912,15548.763.72$119,805
Nov 20161,5829,81542.492.64$93,173
Oct 20161,73210,93146.193.09$113,781
Sep 20162,01112,08741.553.10$121,034
Aug 20162,34014,91541.442.92$140,586
Jul 20163,08319,98241.622.92$186,749
Jun 20163,01026,33745.352.69$207,240
May 20165,69335,88842.521.99$313,521
Apr 201610,45359,66036.561.99$500,947

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           278 bbl  × $106.41 =    $29,582
Gas                1,507 Mcf  × $  3.05 =     $4,590

────────────────────────────────────────────────────
Month total                                  $34,172

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/282336 is the state's own key, not one this site invented.