MAY UNIT 1 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 284431District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.5 M
Nov 2017 – May 2026
Value, last 12 filed months
$873 k
at the published price for each month
Months reported
103
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 Gas112019-01-07223235
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
CondensateDisposition242,455 bbl$14,720,294
GasProduction1,242,874 Mcf$3,824,791
Total$18,545,085

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 28.8111, -97.9451. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.81107, -97.94510 · 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
12,244 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 12,244 ft.

Completions filed
Jun 2018
1 of 1 wells

1 well

42-255356304H12,244 ftJun 2018

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 (103)

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

103 months

May 20267995,319106.413.05$101,222
Apr 20261,0496,08298.932.87$121,231
Mar 20261,0295,65389.753.15$110,157
Feb 20265213,05263.503.75$44,529
Jan 20266063,59959.138.00$64,617
Dec 20258073,44956.664.41$60,946
Nov 20258844,28558.593.93$68,618
Oct 20258554,64759.383.30$66,127
Sep 20259585,90562.743.08$78,274
Aug 20251,1016,25863.933.01$89,253
Jul 20254452,71766.743.32$38,707
Jun 20254317766.483.13$28,894
May 20257116,35660.553.23$63,596
Apr 20256365,14262.363.54$57,880
Mar 20257395,98267.704.27$75,563
Feb 20257081,09370.884.34$54,928
Jan 20257114,82274.324.28$73,473
Dec 20243537,20468.993.12$46,840
Nov 20242625,55369.052.20$30,299
Oct 20244317,34571.372.28$47,517
Sep 20249468,16369.612.36$85,151
Aug 20241,2447,11475.632.06$108,764
Jul 20241,1587,91579.932.15$109,549
Jun 20241,4207,29678.082.63$130,091
May 20241,5618,37278.812.20$141,428
Apr 20241,4508,10384.451.66$135,897
Mar 20241,5058,28580.301.55$133,653
Feb 20241,9937,30576.091.78$164,677
Jan 20241,7776,98773.023.30$152,797
Dec 20238414,81871.262.61$72,508
Nov 20231,3657,95477.892.81$128,651
Oct 20231,55811,47885.443.09$168,551
Sep 20231,87513,88289.042.74$204,918
Aug 20232,67310,69780.522.67$243,822
Jul 20232135274.852.64$16,080
Jun 20231062368.962.26$7,362
May 20238585670.622.23$60,717
Apr 20231,7594978.122.24$137,523
Mar 20231,28914472.852.39$94,248
Feb 20236882,39875.112.47$57,588
Jan 20231,6109,58876.533.39$155,695
Dec 20221,4096,36176.415.73$144,104
Nov 20221,3108,50085.005.65$159,343
Oct 20221,36410,71587.185.86$181,744
Sep 20221,17510,38484.888.16$184,506
Aug 20221,4292,17994.529.13$154,957
Jul 20221,4612,137101.587.54$164,526
Jun 20221,3561,662115.097.98$169,320
May 20221,7352,589109.378.43$211,590
Apr 20221,5592,378104.226.84$178,739
Mar 20221,734818108.885.08$192,950
Feb 20221,23664091.054.86$115,647
Jan 20221,4043,28181.844.54$129,791
Dec 20211,5623,75371.323.90$126,035
Nov 20211,6653,97377.435.24$149,727
Oct 20211,8705,44479.795.71$180,314
Sep 20212,1006,97769.865.35$184,039
Aug 20211,3741,47966.024.22$96,954
Jul 20219842970.783.98$8,645
Jun 20218929269.493.38$7,172
May 20211,07655263.483.02$69,970
Apr 202151863360.362.76$33,013
Mar 20217602,45161.302.72$53,247
Feb 20211,45211,73557.805.55$149,031
Jan 20211,81411,54250.412.81$123,880
Dec 20201,89512,99044.642.68$119,347
Nov 20202,34813,06338.772.71$126,388
Oct 20202,52113,30636.972.48$126,179
Sep 20202,32114,64737.091.99$115,249
Aug 20202,73614,90539.982.39$144,935
Jul 20203,05015,64338.371.83$145,579
Jun 20203,06614,09034.901.69$130,820
May 20203,30216,05316.921.81$85,002
Apr 20203,32415,75814.751.80$77,462
Mar 20203,58416,00630.341.86$138,449
Feb 20203,40314,09849.881.98$197,665
Jan 20203,78230,40557.252.09$280,210
Dec 20193,42016,19359.012.30$239,129
Nov 20193,39820,06355.302.75$243,097
Oct 20193,82023,41953.472.42$260,895
Sep 20193,98823,53755.052.66$282,084
Aug 20194,42229,78953.112.30$303,497
Jul 20194,68826,94356.272.46$330,075
Jun 20194,83227,18152.782.49$322,746
May 20195,14627,96358.482.74$377,566
Apr 20195,56429,28962.632.75$429,039
Mar 20196,00733,23856.803.06$442,976
Feb 20195,76434,32050.852.79$388,928
Jan 20197,31040,72346.033.23$467,940
Dec 20187,24145,54146.594.19$527,967
Nov 20188,21140,33552.934.24$605,517
Oct 20189,77548,51761.443.40$765,441
Sep 201810,82455,86359.543.11$818,083
Aug 201814,07871,59859.403.07$1,055,793
Jul 201818,38395,09365.142.93$1,476,270
Jun 20186,77736,18260.183.08$519,169
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$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           799 bbl  × $106.41 =    $85,022
Gas                5,319 Mcf  × $  3.05 =    $16,201

────────────────────────────────────────────────────
Month total                                 $101,222

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/284431 is the state's own key, not one this site invented.