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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 289340District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Jun 2018 – May 2026
Value, last 12 filed months
$127 k
at the published price for each month
Months reported
96
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-1112020-07-02227379

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
CondensateDisposition32,662 bbl$1,943,975
GasProduction169,762 Mcf$586,243
Total$2,530,218

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 28.8213, -97.9627. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.82128, -97.96269 · 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
12,002 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 12,002 ft.

Completions filed
Oct 2015
1 of 1 wells

1 well

42-2553430311H12,002 ftOct 2015——

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 (96)

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

96 months

May 20262058106.413.05$2,305
Apr 20264124398.932.87$4,753
Mar 20267267489.753.15$8,585
Feb 20268679263.503.75$8,431
Jan 202610593759.138.00$13,703
Dec 202511985956.664.41$10,534
Nov 20251401,65058.593.93$14,681
Oct 20251501,34959.383.30$13,365
Sep 20251381,66562.743.08$13,781
Aug 20251081,98963.933.01$12,901
Jul 2025921,86566.743.32$12,323
Jun 2025931,82766.483.13$11,899
May 20251211,89760.553.23$13,458
Apr 2025671,53862.363.54$9,627
Mar 20251981,62167.704.27$20,324
Feb 2025871,51170.884.34$12,726
Jan 20251462,06374.324.28$19,678
Dec 20241942,21168.993.12$20,285
Nov 20241601,86669.052.20$15,150
Oct 20241711,93371.372.28$16,614
Sep 20242051,92269.612.36$18,814
Aug 20242282,00775.632.06$21,385
Jul 20241812,07579.932.15$18,922
Jun 20241121,82778.082.63$13,557
May 2024831,76678.812.20$10,424
Apr 2024491,32584.451.66$6,336
Mar 20241191,42680.301.55$11,759
Feb 20241891,43776.091.78$16,944
Jan 20241511,13573.023.30$14,769
Dec 20232261,69671.262.61$20,533
Nov 20232141,72777.892.81$21,517
Oct 20232152,26985.443.09$25,375
Sep 20231792,04389.042.74$21,526
Aug 20231901,68680.522.67$19,805
Jul 20232421,69374.852.64$22,586
Jun 20231251,70968.962.26$12,480
May 20231901,08070.622.23$15,823
Apr 202362691178.122.24$50,942
Mar 202315871572.852.39$13,221
Feb 202316070175.112.47$13,746
Jan 2023642,50876.533.39$13,394
Dec 20222121,44776.415.73$24,489
Nov 20221731,99985.005.65$25,992
Oct 20221971,04387.185.86$23,290
Sep 20221741,27084.888.16$25,137
Aug 202214679394.529.13$21,038
Jul 20223362,586101.587.54$53,635
Jun 20224841,118115.097.98$64,622
May 20221222,295109.378.43$32,697
Apr 20223372,418104.226.84$51,655
Mar 2022332,343108.885.08$15,487
Feb 2022481,67491.054.86$12,504
Jan 20222192,45481.844.54$29,058
Dec 20212091,44471.323.90$20,536
Nov 20212821,88977.435.24$31,728
Oct 20212762,32479.795.71$35,301
Sep 20212322,18669.865.35$27,905
Aug 20212552,15066.024.22$25,909
Jul 20212411,96670.783.98$24,887
Jun 20212541,83469.493.38$23,851
May 20212442,24763.483.02$22,270
Apr 20212631,84260.362.76$20,956
Mar 20214772,05461.302.72$34,821
Feb 20214411,44857.805.55$33,523
Jan 20216813,08850.412.81$43,007
Dec 20204233,11744.642.68$27,222
Nov 20205602,95538.772.71$29,709
Oct 20204752,01136.972.48$22,545
Sep 20204651,84737.091.99$20,924
Aug 20204591,91839.982.39$22,925
Jul 20205631,94238.371.83$25,147
Jun 20204091,71134.901.69$17,166
May 20204821,91216.921.81$11,625
Apr 20205491,90214.751.80$11,530
Mar 20205511,80030.341.86$20,059
Feb 2020931,60249.881.98$7,812
Jan 20201091,63657.252.09$9,667
Dec 20191491,56259.012.30$12,392
Nov 20197441,63555.302.75$45,641
Oct 20197991,02053.472.42$45,189
Sep 201982885855.052.66$47,861
Aug 20199101,30453.112.30$51,335
Jul 20199991,19256.272.46$59,146
Jun 20197781,97352.782.49$45,978
May 20197752,56658.482.74$52,354
Apr 20197902,32162.632.75$55,862
Mar 20198711,95956.803.06$55,471
Feb 20199302,09450.852.79$53,137
Jan 20191,1362,30646.033.23$59,734
Dec 20189302,54846.594.19$53,993
Nov 20189962,24052.934.24$62,210
Oct 20185051,56361.443.40$36,338
Sep 20186272,13959.543.11$43,980
Aug 20186702,55059.403.07$47,618
Jul 20187022,85865.142.93$54,108
Jun 20188352,60360.183.08$58,260

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            20 bbl  × $106.41 =     $2,128
Gas                   58 Mcf  × $  3.05 =       $177

────────────────────────────────────────────────────
Month total                                   $2,305

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/289340 is the state's own key, not one this site invented.