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DIRECT ASSETS UNIT

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 294383District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$12.8 M
Sep 2015 – May 2026
Value, last 12 filed months
$260 k
at the published price for each month
Months reported
128
1 month not filed
Streams
2
condensate, gas

The SUGARKANE (EAGLE FORD) 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 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-1112023-05-01231415

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
CondensateDisposition197,037 bbl$9,739,662
GasProduction968,711 Mcf$3,068,983
Total$12,808,645

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 28.8060, -97.9828. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.80600, -97.98277 · 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
12,079 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 12,079 ft.

Completions filed
Jan 2016
1 of 1 wells

1 well

42-255341433H12,079 ftJan 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 (128)

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

128 months

May 20261761,462106.413.05$23,181
Apr 20263502,62398.932.87$42,153
Mar 202628837189.753.15$27,016
Feb 202612013263.503.75$8,115
Jan 20264721,73459.138.00$41,778
Dec 20252931,30856.664.41$22,374
Nov 202517147258.593.93$11,872
Oct 202510222559.383.30$6,800
Sep 20251069962.743.08$6,955
Aug 202527916563.933.01$18,334
Jul 20252822,43966.743.32$26,906
Jun 20252352,69966.483.13$24,067
May 20252692,42660.553.23$24,130
Apr 20253173,09562.363.54$30,734
Mar 20253482,83267.704.27$35,647
Feb 20252602,00970.884.34$27,150
Jan 202522666074.324.28$19,620
Dec 202413788168.993.12$12,202
Nov 20242733,40069.052.20$26,325
Oct 20242521,99271.372.28$22,530
Sep 20243023,36269.612.36$28,971
Aug 20244632,85475.632.06$40,906
Jul 20242972,38379.932.15$28,855
Jun 20244933,19778.082.63$46,914
May 20244853,22778.812.20$45,317
Apr 202416660184.451.66$15,016
Mar 20241,4182,96580.301.55$118,447
Feb 20248103,16276.091.78$67,273
Jan 20245811,96173.023.30$48,891
Dec 20237813,10671.262.61$63,763
Nov 20231,4153,19377.892.81$119,179
Oct 20231,7203,23785.443.09$156,950
Sep 20238643,95789.042.74$87,753
Aug 2023439880.522.67$3,724
Jul 20237149,48974.852.64$78,511
Jun 20231,4256,66368.962.26$113,316
May 20232952,53870.622.23$26,486
Apr 20234621,58578.122.24$39,638
Mar 20235441,66572.852.39$43,615
Feb 202366810,51075.112.47$76,088
Jan 202375719,26076.533.39$123,181
Dec 20222296,69576.415.73$55,854
Nov 20223495,77885.005.65$62,289
Oct 20225122,84587.185.86$61,319
Sep 20223973,67784.888.16$63,715
Aug 20224909,88794.529.13$136,555
Jul 20223743,375101.587.54$63,445
Jun 20225559,592115.097.98$140,392
May 20225078,344109.378.43$125,816
Apr 20225307,461104.226.84$106,252
Mar 202266218,548108.885.08$166,236
Feb 202261614,40091.054.86$126,054
Dec 20215022,66371.323.90$46,186
Nov 20217765,03977.435.24$86,474
Oct 20219255,49579.795.71$105,203
Sep 20217865,29769.865.35$83,254
Aug 20215575,39966.024.22$59,560
Jul 20218296,01470.783.98$82,625
Jun 20217244,29969.493.38$64,844
May 20217924,33863.483.02$63,367
Apr 20218595,44660.362.76$66,872
Mar 20212,7776,87761.302.72$188,915
Feb 20212,2423,97357.805.55$151,630
Jan 20212,6028,19150.412.81$154,186
Dec 20209737,73644.642.68$64,132
Nov 20201,1237,94638.772.71$65,045
Oct 20201,55410,08536.972.48$82,446
Sep 20204043837.091.99$2,356
Aug 2020466439.982.39$1,744
Jul 20201463338.371.83$1,692
Jun 20202462,36234.901.69$12,578
May 202040393716.921.81$8,519
Apr 20205531,19114.751.80$10,306
Mar 20208936,73530.341.86$39,595
Feb 20207656,43049.881.98$50,894
Jan 20204496,71857.252.09$39,778
Dec 20192821,14959.012.30$19,289
Nov 20193055,28655.302.75$31,407
Oct 20191943,28553.472.42$18,318
Sep 20191031,18155.052.66$8,808
Aug 20195733,45953.112.30$38,403
Jul 20198295,95856.272.46$61,305
Jun 20191,1239,31052.782.49$82,465
May 20197674,68058.482.74$57,679
Apr 20193661,00362.632.75$25,682
Mar 20198836,70756.803.06$70,692
Feb 20199546,55550.852.79$66,814
Jan 20191,1037,75546.033.23$75,806
Dec 201877590146.594.19$39,878
Nov 20187045,13752.934.24$59,029
Oct 20181,2048,58761.443.40$103,153
Sep 20189617,66159.543.11$81,028
Aug 20188797,67659.403.07$75,752
Jul 20188467,10965.142.93$75,951
Jun 20187866,11260.183.08$66,108
May 20181,2289,02365.382.90$106,461
Apr 20181,1179,00763.842.90$97,437
Mar 20181,4179,77961.222.79$114,001
Feb 20181,4649,64561.782.77$117,125
Jan 20181,70210,87362.874.01$150,598
Dec 20172,06212,32957.272.92$154,110
Nov 20172,03712,52455.423.12$151,945
Oct 20172,70115,70849.292.98$180,000
Sep 20174352,12347.523.09$27,226
Aug 20171,8009,77945.373.00$111,046
Jul 20171,4696,86743.873.09$85,645
Jun 20172,56813,60642.493.09$151,120
May 20171,5006,40245.373.26$88,947
Apr 20174741,89747.933.21$28,811
Mar 20171,7153,88146.772.98$91,790
Feb 20173,07816,80750.452.95$204,909
Jan 20173,79119,48149.413.42$253,915
Dec 20163,59715,25648.763.72$232,185
Nov 20164,50626,12742.492.64$260,549
Oct 20164,37620,43146.193.09$265,265
Sep 20165048,21341.553.10$46,407
Aug 20166,60835,19341.442.92$376,752
Jul 20164,17913,86541.622.92$214,476
Jun 20166,21925,36045.352.69$350,144
May 20166,61928,73042.521.99$338,642
Apr 20165,81724,16236.561.99$260,777
Mar 20162,3006,93833.011.79$88,370
Feb 20165,38815,72726.472.06$175,075
Jan 20164,97416,20727.352.36$174,358
Dec 201511,56533,68532.362.00$441,661
Nov 201510,00224,64238.792.17$441,385
Oct 201515,11543,92143.552.43$764,836
Sep 201514,80535,46742.992.76$734,300

Not filed, and not zero: Jan 2022. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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           176 bbl  × $106.41 =    $18,728
Gas                1,462 Mcf  × $  3.05 =     $4,453

────────────────────────────────────────────────────
Month total                                  $23,181

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/294383 is the state's own key, not one this site invented.