MAY UNIT 1

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 294387District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.4 M
Jun 2018 – May 2026
Value, last 12 filed months
$431 k
at the published price for each month
Months reported
95
1 month not filed
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-1112023-05-11231500

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
CondensateDisposition243,640 bbl$14,727,166
GasProduction847,038 Mcf$2,681,459
Total$17,408,624

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 28.8143, -97.9519. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.81426, -97.95193 · 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
12,291 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 12,291 ft.

Completions filed
Jun 2018
1 of 1 wells

1 well

42-2553562910H12,291 ftJun 2018

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 (95)

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

95 months

May 20264022,572106.413.05$50,611
Apr 20264722,72498.932.87$54,512
Mar 20265402,61989.753.15$56,713
Feb 20263251,90663.503.75$27,786
Jan 20262091,08759.138.00$21,052
Dec 20255522,73256.664.41$43,334
Nov 20256964,99158.593.93$60,376
Oct 20254694,44059.383.30$42,523
Sep 20250062.743.08$0
Aug 202512063.933.01$767
Jul 202521252366.743.32$15,883
Jun 20256833,76766.483.13$57,192
May 20257093,92160.553.23$55,604
Apr 20257583,51362.363.54$59,716
Mar 20256903,49767.704.27$61,639
Feb 20254671,78870.884.34$40,862
Jan 20254422,23774.324.28$42,421
Dec 20248103,83468.993.12$67,849
Nov 20248293,65269.052.20$65,271
Oct 20248654,03471.372.28$70,938
Sep 20248583,78869.612.36$68,682
Aug 20248503,89575.632.06$72,323
Jul 20248664,11179.932.15$78,044
Jun 20247773,55778.082.63$70,037
May 20246354,12178.812.20$59,104
Apr 20241422084.451.66$12,025
Mar 20248093,16480.301.55$69,851
Feb 20243342,42176.091.78$29,732
Jan 20243852,69273.023.30$36,990
Dec 20236583,89171.262.61$57,047
Nov 20234022,83877.892.81$39,280
Oct 20237293,83285.443.09$74,116
Sep 20238453,87789.042.74$85,843
Aug 20239114,39080.522.67$85,088
Jul 20239442,38074.852.64$76,946
Jun 20238802,82468.962.26$67,063
May 20238432,21970.622.23$64,475
Apr 20238472,39278.122.24$71,520
Mar 20239322,93272.852.39$74,913
Feb 20237242,13675.112.47$59,646
Jan 20235832,28676.533.39$52,361
Dec 202272373876.415.73$59,472
Nov 20229823,36185.005.65$102,447
Oct 20221,1313,53287.185.86$119,311
Sep 20221,0573,20884.888.16$115,907
Aug 20221,1573,75194.529.13$143,596
Jul 20221,3634,675101.587.54$173,713
Jun 20221,3714,475115.097.98$193,486
May 20221,6594,819109.378.43$222,084
Apr 20221,3224,427104.226.84$168,049
Mar 20221,0373,015108.885.08$128,214
Feb 20221862,15591.054.86$27,406
Dec 20211,4734,24671.323.90$121,610
Nov 20214642,05377.435.24$46,679
Oct 20211,3234,13379.795.71$129,178
Sep 20211,3744,19069.865.35$118,408
Aug 20211,3554,67366.024.22$109,180
Jul 20211,4164,74470.783.98$119,115
Jun 20211,3594,27869.493.38$108,899
May 20211,3524,51563.483.02$99,450
Apr 20211,6526,01960.362.76$116,318
Mar 20211,4405,71561.302.72$103,799
Feb 20218294,29657.805.55$71,750
Jan 20211,1745,73350.412.81$75,293
Dec 20201,2926,23644.642.68$74,359
Nov 20201,4326,26138.772.71$72,464
Oct 20201,5267,02236.972.48$73,820
Sep 20201,8048,23937.091.99$83,315
Aug 20201,1188,32139.982.39$64,544
Jul 20206308,29338.371.83$39,309
Jun 20205917,66734.901.69$33,586
May 20201,7327,21216.921.81$42,393
Apr 20202,2748,06514.751.80$48,094
Mar 20203,2698,66530.341.86$115,266
Feb 20202,8847,22849.881.98$158,170
Jan 20203,3639,38957.252.09$212,199
Dec 20193,48912,43459.012.30$234,538
Nov 20193,26110,25655.302.75$208,544
Oct 20193,88014,53453.472.42$242,615
Sep 20193,65513,63855.052.66$237,448
Aug 20194,07619,20353.112.30$260,727
Jul 20194,46918,55056.272.46$297,105
Jun 20194,74618,13052.782.49$295,659
May 20195,05817,81458.482.74$344,608
Apr 20195,47619,62262.632.75$396,936
Mar 20196,07722,00256.803.06$412,546
Feb 20196,00123,26050.852.79$370,098
Jan 20197,31925,85546.033.23$420,358
Dec 20187,29524,28746.594.19$441,526
Nov 20189,72234,25352.934.24$659,724
Oct 201811,40737,88261.443.40$829,572
Sep 201813,25039,20959.543.11$910,767
Aug 201820,53656,14459.403.07$1,392,007
Jul 201832,67686,53365.142.93$2,382,219
Jun 201817,03750,48060.183.08$1,180,610

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           402 bbl  × $106.41 =    $42,777
Gas                2,572 Mcf  × $  3.05 =     $7,834

────────────────────────────────────────────────────
Month total                                  $50,611

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/294387 is the state's own key, not one this site invented.