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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 294384District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$13.6 M
Sep 2015 – May 2026
Value, last 12 filed months
$111 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-1112023-07-07231422

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
CondensateDisposition223,388 bbl$10,575,774
GasProduction1,044,937 Mcf$3,003,187
Total$13,578,961

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 28.8056, -97.9837. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.80561, -97.98372 · 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
12,064 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 12,064 ft.

Completions filed
Jan 2016
1 of 1 wells

1 well

42-255341444H12,064 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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20261089.753.15$90
Feb 20261511963.503.75$1,399
Jan 2026182659.138.00$1,272
Dec 20252452256.664.41$3,664
Nov 202510971558.593.93$9,194
Oct 20255353959.383.30$4,928
Sep 20259361762.743.08$7,733
Aug 20258571263.933.01$7,581
Jul 20254073,11866.743.32$37,500
Jun 20254053,37366.483.13$37,478
May 20254203,87760.553.23$37,963
Apr 20254644,14062.363.54$43,604
Mar 20254424,21067.704.27$47,893
Feb 20251952,18670.884.34$23,311
Jan 20251461,67774.324.28$18,026
Dec 20241221,41768.993.12$12,840
Nov 20243494,31569.052.20$33,585
Oct 20243634,19171.372.28$35,469
Sep 20243884,19269.612.36$36,920
Aug 20243963,97975.632.06$38,161
Jul 20244143,33079.932.15$40,239
Jun 20244534,37978.082.63$46,904
May 20245744,41178.812.20$54,934
Apr 20241,7564,77184.451.66$156,210
Mar 20245714,77580.301.55$53,229
Feb 20244201,06476.091.78$33,856
Jan 20243592,67573.023.30$35,035
Dec 20235733,71671.262.61$50,533
Nov 20231,3313,75777.892.81$114,220
Oct 20235433,05585.443.09$55,826
Sep 20236034,62389.042.74$66,335
Aug 20233392,13680.522.67$33,006
Jul 2023667,74174.852.64$25,390
Jun 20235626,37868.962.26$53,160
May 20236455,50670.622.23$57,814
Apr 20234672,67778.122.24$42,473
Mar 20236652,48972.852.39$54,402
Feb 20236621,58375.112.47$53,626
Jan 20238394,69876.533.39$80,124
Dec 20222634976.415.73$3,986
Nov 202214250285.005.65$14,904
Oct 20225563,08687.185.86$66,568
Sep 20224473,73684.888.16$68,441
Aug 20227304,68994.529.13$111,797
Jul 202223939101.587.54$9,418
Jun 2022488987115.097.98$64,037
May 20222761,945109.378.43$46,588
Apr 20226465,215104.226.84$102,984
Mar 20225013,741108.885.08$73,540
Feb 20224263,38891.054.86$55,249
Dec 20215684,55771.323.90$58,278
Nov 20217075,45077.435.24$83,284
Oct 20216334,80579.795.71$77,962
Sep 20212792,34869.865.35$32,055
Aug 20216115,05966.024.22$61,690
Jul 20216284,91970.783.98$64,038
Jun 20216844,95169.493.38$64,269
May 20214943,26963.483.02$41,224
Apr 20213112,47960.362.76$25,610
Mar 20219387,48461.302.72$77,833
Feb 20213943,57757.805.55$42,618
Jan 20215404,66750.412.81$40,337
Dec 20205083,10444.642.68$30,982
Nov 20209796,77538.772.71$56,293
Oct 20201,1289,91136.972.48$66,266
Sep 20205372,59137.091.99$25,076
Aug 20206462,39939.982.39$31,549
Jul 20205981,00138.371.83$24,772
Jun 202056994934.901.69$21,462
May 202041091216.921.81$8,592
Apr 20207296,07814.751.80$21,720
Mar 20208006,97730.341.86$37,223
Feb 20209016,21749.881.98$57,256
Jan 20201,1356,73857.252.09$79,093
Dec 20191,1066,05459.012.30$79,216
Nov 20198994,47055.302.75$62,010
Oct 20198704,68553.472.42$57,850
Sep 20191,1647,10755.052.66$82,963
Aug 20199375753.112.30$6,684
Jul 20194812,84856.272.46$34,072
Jun 20191,0577,26252.782.49$73,880
May 20191,1267,53358.482.74$86,491
Apr 20191,2228,29662.632.75$99,354
Mar 20191,1497,70856.803.06$88,866
Feb 20191,1376,37050.852.79$75,603
Jan 20198394,11446.033.23$51,900
Dec 20181,0457,07346.594.19$78,290
Nov 20181,1897,11852.934.24$93,094
Oct 20181,3228,95861.443.40$111,664
Sep 20181,4179,20759.543.11$112,984
Aug 20181,71610,83359.403.07$135,150
Jul 20181,5478,74965.142.93$126,423
Jun 20181,61410,62560.183.08$129,823
May 20188458,61065.382.90$80,222
Apr 20181,15213,55163.842.90$112,852
Mar 20181,57511,82661.222.79$129,379
Feb 20181,3757,25961.782.77$105,027
Jan 20181,5135,38962.874.01$116,729
Dec 20171,98110,25057.272.92$143,397
Nov 20171,91310,26255.423.12$138,019
Oct 20172,4458,08449.292.98$144,634
Sep 20171,6964,59747.523.09$94,786
Aug 20172,5798,84245.373.00$143,574
Jul 201734646843.873.09$16,624
Jun 20173,05811,43842.493.09$165,247
May 20173,10012,52645.373.26$181,524
Apr 20173,28114,75847.933.21$204,655
Mar 20173,84521,80046.772.98$244,875
Feb 20176,90133,02250.452.95$445,656
Jan 20171,3127,16349.413.42$89,315
Dec 20162,24616,34948.763.72$170,380
Nov 20164,30824,03642.492.64$246,607
Oct 20164,62825,36946.193.09$292,164
Sep 20165,91530,20141.553.10$339,410
Aug 20165,51330,80841.442.92$318,552
Jul 20166,79433,29741.622.92$380,138
Jun 20165,89924,32245.352.69$332,844
May 20166,19723,80142.521.99$310,885
Apr 20166,87925,20036.561.99$301,670
Mar 20166,61124,65333.011.79$262,457
Feb 20168,56228,19626.472.06$284,822
Jan 20166,63327,22227.352.36$245,775
Dec 201511,68337,51732.362.00$453,149
Nov 201511,89933,14338.792.17$533,394
Oct 201518,02649,37943.552.43$904,854
Sep 201515,36038,34942.992.76$766,109

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.

Mar 2026 — as filed, then multipliedworked
Condensate             1 bbl  × $ 89.75 =        $90
Gas                    0 Mcf  × $  3.15 =         $0

────────────────────────────────────────────────────
Month total                                      $90

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/294384 is the state's own key, not one this site invented.