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MORGAN 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 288426District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.3 M
Oct 2016 – May 2026
Value, last 12 filed months
$343 k
at the published price for each month
Months reported
116
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
NGPA1none——
ST-1112020-04-17226480

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
CondensateDisposition121,976 bbl$6,695,905
GasProduction795,061 Mcf$2,612,560
Total$9,308,465

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 28.8024, -97.9966. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.80237, -97.99662 · 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
11,814 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 11,814 ft.

Completions filed
Oct 2016
1 of 1 wells

1 well

42-255343263H11,814 ftOct 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 (116)

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

116 months

May 20262882,885106.413.05$39,433
Apr 20262302,37298.932.87$29,561
Mar 20262272,00289.753.15$26,678
Feb 20262642,47163.503.75$26,031
Jan 20263082,20459.138.00$35,839
Dec 20252652,35856.664.41$25,422
Nov 20252792,44558.593.93$25,947
Oct 20253164,25059.383.30$32,810
Sep 20252272,74162.743.08$22,676
Aug 20252122,75263.933.01$21,850
Jul 20252912,44266.743.32$27,517
Jun 20253102,81966.483.13$29,429
May 20253142,89760.553.23$28,377
Apr 20253573,53862.363.54$34,798
Mar 20253603,04167.704.27$37,352
Feb 20252933,39270.884.34$35,492
Jan 20253543,31774.324.28$40,502
Dec 20242872,67068.993.12$28,134
Nov 20242522,64269.052.20$23,209
Oct 20242151,99571.372.28$19,896
Sep 20243103,29669.612.36$29,372
Aug 20243173,15975.632.06$30,494
Jul 20243062,28979.932.15$29,372
Jun 20243003,21078.082.63$31,879
May 20244132,69978.812.20$38,482
Apr 20243252,29784.451.66$31,257
Mar 20243521,89980.301.55$31,200
Feb 20243471,99376.091.78$29,958
Jan 20243773,06273.023.30$37,626
Dec 20235114,54471.262.61$48,277
Nov 20234974,07977.892.81$50,163
Oct 20234864,00185.443.09$53,876
Sep 20234665,43189.042.74$56,347
Aug 20233356,17280.522.67$43,471
Jul 20233086,95774.852.64$41,433
Jun 20232965,43268.962.26$32,680
May 20232934,19870.622.23$30,042
Apr 20235444,91778.122.24$53,500
Mar 20235433,69672.852.39$48,403
Feb 20237155,66275.112.47$67,664
Jan 20235933,58476.533.39$57,524
Dec 20226102,95376.415.73$63,528
Nov 20225722,39985.005.65$62,165
Oct 20225382,59887.185.86$62,137
Sep 20223202,81484.888.16$50,134
Aug 20224783,30094.529.13$75,300
Jul 20225814,980101.587.54$96,578
Jun 20226168,756115.097.98$140,744
May 20223993,298109.378.43$71,451
Apr 20224083,005104.226.84$63,069
Mar 20224173,413108.885.08$62,729
Feb 20223963,67291.054.86$53,897
Jan 20223582,31781.844.54$39,813
Dec 20213813,51271.323.90$40,867
Nov 20214073,12977.435.24$47,900
Oct 20214284,04179.795.71$57,240
Sep 20213753,52369.865.35$45,049
Aug 20213232,64866.024.22$32,501
Jul 20213313,03770.783.98$35,522
Jun 20213743,28269.493.38$37,084
May 20214023,98163.483.02$37,532
Apr 20213933,03460.362.76$32,091
Mar 20213863,41861.302.72$32,948
Feb 20213834,36257.805.55$46,338
Jan 20214565,24450.412.81$37,724
Dec 20204948,29844.642.68$44,253
Nov 20203812,38938.772.71$21,237
Oct 20203752,62336.972.48$20,365
Sep 20203922,57537.091.99$19,666
Aug 20203932,82839.982.39$22,457
Jul 20204623,23138.371.83$23,624
Jun 20204654,06834.901.69$23,105
May 20204582,94116.921.81$13,087
Apr 20205935,25014.751.80$18,220
Mar 20205364,03130.341.86$23,745
Feb 202067666649.881.98$35,038
Jan 20205943,62857.252.09$41,606
Dec 20196113,23059.012.30$43,498
Nov 20196685,65055.302.75$52,482
Oct 20193824,77753.472.42$31,979
Sep 20193374,15555.052.66$29,593
Aug 20194214,97153.112.30$33,814
Jul 20194945,45756.272.46$41,222
Jun 20191,3285,09152.782.49$82,775
May 20195635,43558.482.74$47,818
Apr 20194386,19262.632.75$44,464
Mar 20196236,55056.803.06$55,443
Feb 20197329,09250.852.79$62,609
Jan 20193917,51846.033.23$42,267
Dec 20189447,51746.594.19$75,443
Nov 20187847,15552.934.24$71,815
Oct 20188949,15261.443.40$86,027
Sep 20187237,78759.543.11$67,249
Aug 20188917,44259.403.07$75,747
Jul 20181,2047,91965.142.93$101,646
Jun 20181,3578,90160.183.08$109,052
May 20181,02110,41765.382.90$96,971
Apr 20181,3168,37163.842.90$108,296
Mar 20181,95010,42261.222.79$148,423
Feb 20181,66710,41661.782.77$131,799
Jan 20182,65416,14762.874.01$231,595
Dec 20172,92617,59857.272.92$218,985
Nov 20172,17413,51655.423.12$162,631
Oct 20173,49918,02849.292.98$226,255
Sep 20177316747.523.09$3,985
Aug 20171,92113,89645.373.00$128,905
Jul 20173,16321,16843.873.09$204,112
Jun 20172,95320,83642.493.09$189,800
May 20173,42021,75345.373.26$226,154
Apr 20173,87823,05447.933.21$259,913
Mar 20174,43624,97346.772.98$281,983
Feb 20175,58329,40850.452.95$368,492
Jan 20172,63337,51149.413.42$258,339
Dec 201611,77240,71748.763.72$725,585
Nov 201614,28545,53042.492.64$727,367
Oct 20166,43320,08846.193.09$359,217

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           288 bbl  × $106.41 =    $30,646
Gas                2,885 Mcf  × $  3.05 =     $8,787

────────────────────────────────────────────────────
Month total                                  $39,433

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/288426 is the state's own key, not one this site invented.