FRANKE JOHNSON-PATINO 4H PSA 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 287230District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$14.6 M
May 2019 – May 2026
Value, last 12 filed months
$573 k
at the published price for each month
Months reported
85
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
NGPA1none
ST-1112019-11-25225795

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
CondensateDisposition177,262 bbl$10,408,949
GasProduction1,403,078 Mcf$4,155,502
Total$14,564,451

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 28.7873, -97.9334. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.78730, -97.93344 · 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
12,530 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 12,530 ft.

Completions filed
Nov 2019
1 of 1 wells

1 well

42-255357424H12,530 ftNov 2019

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 (85)

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

85 months

May 202638315,151106.413.05$86,903
Apr 202648114,85098.932.87$90,201
Mar 202651015,16489.753.15$93,531
Feb 202665321,72763.503.75$122,949
Jan 202685116,17359.138.00$179,670
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 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 202412068.993.12$828
Nov 20243322,75469.052.20$28,979
Oct 20246896,48171.372.28$63,960
Sep 20246785,75069.612.36$60,791
Aug 20245926,47575.632.06$58,135
Jul 20246726,75479.932.15$68,211
Jun 20245966,92878.082.63$64,784
May 20244405,17978.812.20$46,062
Apr 20245447,64584.451.66$58,625
Mar 20245316,12280.301.55$52,099
Feb 20245156,11176.091.78$50,086
Jan 20246296,44973.023.30$67,196
Dec 20238276,35771.262.61$75,528
Nov 20239636,75777.892.81$93,979
Oct 20231,42410,98385.443.09$155,574
Sep 20231,0533,80889.042.74$104,174
Aug 20231,2597,63680.522.67$121,785
Jul 20231,3357,22074.852.64$118,999
Jun 20231,3826,79768.962.26$110,654
May 20231,7227,50570.622.23$138,324
Apr 20231,7658,06878.122.24$155,936
Mar 20231,2657,30572.852.39$109,637
Feb 20231,2966,45975.112.47$113,268
Jan 20231,4197,49676.533.39$133,990
Dec 20229727,84376.415.73$119,204
Nov 20228577,81285.005.65$116,953
Oct 20221,0768,42787.185.86$143,220
Sep 20228657,89484.888.16$137,865
Aug 20228177,67894.529.13$147,301
Jul 202292710,225101.587.54$171,282
Jun 20226576,465115.097.98$127,187
May 20229399,444109.378.43$182,340
Apr 20221,5989,507104.226.84$231,549
Mar 20222,87211,300108.885.08$370,067
Feb 202292810,58491.054.86$135,920
Jan 20221,52011,08981.844.54$174,715
Dec 20211,81011,48171.323.90$173,855
Nov 202194411,97677.435.24$135,810
Oct 20211,42712,25979.795.71$183,907
Sep 20211,33612,24369.865.35$158,844
Aug 20211,56913,38666.024.22$160,082
Jul 20211,59514,23370.783.98$169,571
Jun 20212,61513,65069.493.38$227,862
May 20213,45816,27463.483.02$268,623
Apr 20212,96018,44560.362.76$229,545
Mar 2021471,30761.302.72$6,432
Feb 20211,13311,77657.805.55$130,820
Jan 20211,65118,01750.412.81$133,860
Dec 20201,97718,11144.642.68$136,709
Nov 20201,92417,45338.772.71$121,831
Oct 20202,26520,42836.972.48$134,366
Sep 20202,32121,02637.091.99$127,950
Aug 20202,58423,47739.982.39$159,303
Jul 20202,75225,46238.371.83$152,065
Jun 20202,91726,48034.901.69$146,563
May 20203,48129,65216.921.81$112,709
Apr 20203,71931,28814.751.80$111,311
Mar 20204,33736,42130.341.86$199,190
Feb 20204,53936,86149.881.98$299,415
Jan 20205,01841,83257.252.09$374,908
Dec 20195,86547,00559.012.30$454,410
Nov 20196,31252,06155.302.75$492,258
Oct 20197,28558,63953.472.42$531,350
Sep 20199,56164,44755.052.66$697,587
Aug 201912,64186,06053.112.30$869,677
Jul 201915,206105,28856.272.46$1,114,656
Jun 201917,327130,62752.782.49$1,239,937
May 20195,84031,04158.482.74$426,585

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           383 bbl  × $106.41 =    $40,755
Gas               15,151 Mcf  × $  3.05 =    $46,148

────────────────────────────────────────────────────
Month total                                  $86,903

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/287230 is the state's own key, not one this site invented.