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 283516District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$20.7 M
May 2017 – May 2026
Value, last 12 filed months
$25 k
at the published price for each month
Months reported
109
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 Gas112018-09-28222714
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
CondensateDisposition237,794 bbl$13,646,401
GasProduction2,288,067 Mcf$7,043,871
Total$20,690,271

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 28.7998, -97.9577. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.79981, -97.95769 · 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
12,296 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 12,296 ft.

Completions filed
Jul 2017
1 of 1 wells

1 well

42-2553513624H12,296 ftJul 2017

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 (109)

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

109 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202605659.138.00$448
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 202510066.743.32$667
Jun 20253506866.483.13$23,481
May 20251663360.553.23$10,158
Apr 2025621262.363.54$3,909
Mar 2025681267.704.27$4,655
Feb 2025851570.884.34$6,090
Jan 20251581,87674.324.28$19,769
Dec 20243154,93268.993.12$37,126
Nov 20242232,91269.052.20$21,800
Oct 20242072,79271.372.28$21,143
Sep 20248923069.612.36$6,739
Aug 20243434,29075.632.06$34,794
Jul 20245068,26179.932.15$58,178
Jun 20242174,12578.082.63$27,809
May 20244689,40678.812.20$57,562
Apr 20241051,61284.451.66$11,542
Mar 20242373,99880.301.55$25,209
Feb 202443211,68776.091.78$53,716
Jan 202436824,22373.023.30$106,751
Dec 202342021,87771.262.61$87,044
Nov 202356712,22077.892.81$78,472
Oct 20234759,74885.443.09$70,679
Sep 20231272,57389.042.74$18,345
Aug 20233119,22480.522.67$49,696
Jul 202361213,21174.852.64$80,709
Jun 20235389,75268.962.26$59,125
May 202346216,54070.622.23$69,468
Apr 20231,00919,92578.122.24$123,410
Mar 202389017,72472.852.39$107,253
Feb 202382514,31475.112.47$97,259
Jan 202381315,09876.533.39$113,367
Dec 202264711,65776.415.73$116,221
Nov 20224578,81685.005.65$88,622
Oct 20226238,31387.185.86$103,059
Sep 20226046,28284.888.16$102,552
Aug 20229087,34694.529.13$152,872
Jul 202287611,059101.587.54$172,392
Jun 20225386,447115.097.98$113,347
May 20226718,809109.378.43$147,674
Apr 20224081,955104.226.84$55,889
Mar 2022967416108.885.08$107,399
Feb 20228561,32391.054.86$84,367
Jan 202283952481.844.54$71,042
Dec 202169649071.323.90$51,549
Nov 20211,0942,03977.435.24$95,386
Oct 20211,2997,50479.795.71$146,524
Sep 20219896,22069.865.35$102,374
Aug 20211,3738,93366.024.22$128,348
Jul 20211,3719,85970.783.98$136,299
Jun 20211,5399,65869.493.38$139,595
May 20211,33811,11663.483.02$118,481
Apr 202185913,42860.362.76$88,889
Mar 202199118,02261.302.72$109,713
Feb 202165813,30957.805.55$111,870
Jan 202184216,28850.412.81$88,219
Dec 202054711,09344.642.68$54,097
Nov 202093418,71338.772.71$86,859
Oct 202094715,86536.972.48$74,331
Sep 20201,02715,84837.091.99$69,645
Aug 20201,16018,13639.982.39$89,633
Jul 20201,24220,73438.371.83$85,498
Jun 20201,24918,71634.901.69$75,226
May 20201,43020,19416.921.81$60,843
Apr 20201,38118,89514.751.80$54,464
Mar 20201,51120,24730.341.86$83,427
Feb 20201,46620,32449.881.98$113,379
Jan 20201,59122,20257.252.09$137,592
Dec 20191,64724,69459.012.30$154,093
Nov 20191,68428,54655.302.75$171,647
Oct 20191,82729,98353.472.42$170,205
Sep 20191,98828,93055.052.66$186,315
Aug 20192,15131,37753.112.30$186,544
Jul 20192,31631,79456.272.46$208,536
Jun 20192,44334,93252.782.49$215,964
May 20192,76335,67358.482.74$259,336
Apr 20192,73239,92462.632.75$280,924
Mar 20193,08040,52056.803.06$299,020
Feb 20193,52546,24550.852.79$308,372
Jan 20193,78447,10546.033.23$326,241
Dec 20184,34250,40446.594.19$413,257
Nov 20185,03753,69952.934.24$494,144
Oct 20186,01458,56561.443.40$568,509
Sep 20185,51152,94659.543.11$492,681
Aug 20187,05361,97859.403.07$609,007
Jul 20187,44860,19865.142.93$661,656
Jun 20187,65962,02660.183.08$651,768
May 20184,70430,78265.382.90$396,840
Apr 201811,03971,08063.842.90$910,919
Mar 201812,03877,98361.222.79$954,293
Feb 20183,22717,36361.782.77$247,392
Jan 201811,56878,73662.874.01$1,042,958
Dec 201711,54088,32257.272.92$918,930
Nov 201712,71092,88955.423.12$994,050
Oct 201713,937105,51349.292.98$1,001,772
Sep 201716,614115,50347.523.09$1,146,087
Aug 201714,64599,23045.373.00$962,570
Jul 20175,38237,60143.873.09$352,193
Jun 20170042.493.09$0
May 20170045.373.26$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.

Jan 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.13 =         $0
Gas                   56 Mcf  × $  8.00 =       $448

────────────────────────────────────────────────────
Month total                                     $448

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/283516 is the state's own key, not one this site invented.