THREE SISTERS 01

Operated by MARATHON OIL EF LLC (P-5 525398) in the SUGARKANE (EAGLE FORD) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 292233District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$46.5 M
Dec 2021 – May 2026
Value, last 12 filed months
$1.7 M
at the published price for each month
Months reported
54
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 1,993 leases and 2,259 wells, and the rule below applies to all of them.

Discovered
2009-12-01
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 2017-10-10.

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

The Commission's schedule remark for this field reads: GAS WELLS

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-1112022-07-29230740

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
CondensateDisposition411,392 bbl$35,999,858
GasProduction2,281,604 Mcf$10,476,436
Total$46,476,293

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 28.5554, -98.2704. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.55538, -98.27038 · 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
12,690 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 12,690 ft.

Completions filed
Dec 2021
1 of 1 wells

1 well

42-2973612457H12,690 ftDec 2021

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 (54)

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

54 months

May 20261,81613,325106.413.05$233,826
Apr 20261,28011,25498.932.87$158,926
Mar 20261,35612,62089.753.15$161,447
Feb 202690712,04063.503.75$102,748
Jan 20268069,57359.138.00$124,223
Dec 202592111,58156.664.41$103,295
Nov 202599912,31058.593.93$106,866
Oct 20251,06312,96159.383.30$105,955
Sep 20251,51614,05362.743.08$138,354
Aug 20251,89216,01663.933.01$169,240
Jul 20251,80815,34766.743.32$171,544
Jun 20251,86015,56166.483.13$172,339
May 20251,49916,73660.553.23$144,861
Apr 20251,86217,15662.363.54$176,900
Mar 20252,00416,92467.704.27$207,908
Feb 20251,68315,68870.884.34$187,390
Jan 20252,25715,99774.324.28$236,186
Dec 20242,45817,39368.993.12$223,867
Nov 20242,06917,10769.052.20$180,473
Oct 20242,54621,07871.372.28$229,795
Sep 20242,59221,61969.612.36$231,544
Aug 20242,64421,58175.632.06$244,501
Jul 20243,31524,75479.932.15$318,105
Jun 20243,06324,62978.082.63$304,031
May 20243,29425,91478.812.20$316,571
Apr 20243,19525,84584.451.66$312,700
Mar 20243,06127,81080.301.55$288,768
Feb 20243,45834,72776.091.78$325,060
Jan 20244,76239,79773.023.30$478,958
Dec 20232,59328,66171.262.61$259,603
Nov 20234,53834,69677.892.81$450,876
Oct 20235,35552,39585.443.09$619,289
Sep 20235,58449,37089.042.74$632,228
Aug 20236,72549,08280.522.67$672,687
Jul 20234,97632,78874.852.64$459,073
Jun 20233,69827,07968.962.26$316,171
May 20236,76647,13470.622.23$582,801
Apr 20236,89747,15078.122.24$644,304
Mar 20238,39150,74772.852.39$732,730
Feb 20238,77943,56075.112.47$766,796
Jan 20239,84661,36576.533.39$961,402
Dec 20226,59039,94076.415.73$732,361
Nov 20225,06926,91885.005.65$582,849
Oct 202211,78263,47787.185.86$1,399,369
Sep 202213,22566,64884.888.16$1,666,631
Aug 202216,68574,04494.529.13$2,252,878
Jul 202217,95383,238101.587.54$2,451,453
Jun 202217,99292,861115.097.98$2,811,470
May 202222,659104,728109.378.43$3,361,390
Apr 202224,519109,027104.226.84$3,300,853
Mar 202231,868123,019108.885.08$4,094,281
Feb 202232,289127,22891.054.86$3,558,094
Jan 202238,075153,36981.844.54$3,811,997
Dec 202136,552151,68471.323.90$3,198,323

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         1,816 bbl  × $106.41 =   $193,241
Gas               13,325 Mcf  × $  3.05 =    $40,586

────────────────────────────────────────────────────
Month total                                 $233,826

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/292233 is the state's own key, not one this site invented.