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RANCHO GRANDE TRUST UNIT NO. 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 294412District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$19.6 M
Feb 2017 – May 2026
Value, last 12 filed months
$1.1 M
at the published price for each month
Months reported
111
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-1112023-05-03231466

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
CondensateDisposition279,801 bbl$16,488,508
GasProduction935,464 Mcf$3,069,192
Total$19,557,700

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 28.7846, -98.0328. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.78465, -98.03277 · 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
11,710 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 11,710 ft.

Completions filed
Feb 2017
1 of 1 wells

1 well

42-255350135H11,710 ftFeb 2017——

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 (111)

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

111 months

May 20261,1322,982106.413.05$129,539
Apr 20261,2692,74298.932.87$133,411
Mar 20261,0412,30989.753.15$100,702
Feb 20268792,11763.503.75$63,756
Jan 202665248459.138.00$42,424
Dec 20251,2432,68056.664.41$82,256
Nov 20251,2783,01058.593.93$86,697
Oct 20251,1362,46459.383.30$75,599
Sep 20251,1603,27062.743.08$82,840
Aug 20251,0743,45063.933.01$79,062
Jul 20251,9233,69566.743.32$140,591
Jun 20259153,19666.483.13$70,829
May 20254182,35460.553.23$32,919
Apr 20251,3463,97962.363.54$98,035
Mar 20259732,94667.704.27$78,447
Feb 20255571,41670.884.34$45,627
Jan 20256459474.324.28$48,339
Dec 20246629468.993.12$45,965
Nov 202478710869.052.20$54,580
Oct 202496279871.372.28$70,479
Sep 20249533,15469.612.36$73,796
Aug 20241,1844,22575.632.06$98,265
Jul 20241,4366,32079.932.15$128,346
Jun 20241,4005,08178.082.63$122,695
May 20241,4526,16078.812.20$127,975
Apr 20241,1573,90484.451.66$104,186
Mar 20241,9006,88180.301.55$163,202
Feb 20241,3125,22376.091.78$109,146
Jan 20247392,42473.023.30$61,955
Dec 20235834,31071.262.61$52,797
Nov 20237834,94477.892.81$74,868
Oct 20234402,12585.443.09$44,154
Sep 202313089.042.74$1,158
Aug 20231,4023,88380.522.67$123,268
Jul 20235471,16974.852.64$44,031
Jun 2023592,92268.962.26$10,668
May 20234,0113,87470.622.23$291,886
Apr 20233,2045,55678.122.24$262,729
Mar 20231,5814,63772.852.39$126,273
Feb 20231,3834,95575.112.47$116,095
Jan 20232,7706,58476.533.39$234,293
Dec 20221,3895,43776.415.73$137,283
Nov 20222,7805,66385.005.65$268,274
Oct 20221,0753,54987.185.86$114,529
Sep 20221,1531,65184.888.16$111,345
Aug 20221,4784,29494.529.13$178,893
Jul 20221,5606,416101.587.54$206,855
Jun 20221,5145,982115.097.98$221,966
May 20221,6965,890109.378.43$235,162
Apr 20221,6315,654104.226.84$208,643
Mar 20221,2974,988108.885.08$166,538
Feb 20227424,49291.054.86$89,385
Dec 20211,6396,43171.323.90$141,969
Nov 20211,5926,77077.435.24$158,722
Oct 20211,9697,28279.795.71$198,715
Sep 20211,9196,38469.865.35$168,222
Aug 20211,9797,21866.024.22$161,118
Jul 20211,5946,59770.783.98$139,093
Jun 20211,9559,88569.493.38$169,270
May 20219764,21763.483.02$74,682
Apr 20215191,43160.362.76$35,274
Mar 20215231,29361.302.72$35,573
Feb 202131379757.805.55$22,513
Jan 20216041,15850.412.81$33,702
Dec 20201,3145,69444.642.68$73,891
Nov 20201,8477,32938.772.71$91,445
Oct 20202,2228,08536.972.48$102,185
Sep 20202,2356,72737.091.99$96,290
Aug 20201,1812,78339.982.39$53,854
Jul 202027051538.371.83$11,300
Jun 202010155434.901.69$4,461
May 20208023,78516.921.81$20,439
Apr 202010046714.751.80$2,318
Mar 20204852,05930.341.86$18,537
Feb 20203005,39749.881.98$25,654
Jan 20204184,44157.252.09$33,233
Dec 20195565,70459.012.30$45,954
Nov 20193222,52755.302.75$24,758
Oct 20196697,25353.472.42$53,313
Sep 20191,8058,19755.052.66$121,147
Aug 20191,7268,01353.112.30$110,133
Jul 20192,0329,46356.272.46$137,620
Jun 20191,9778,51152.782.49$125,549
May 20192,7269,39958.482.74$185,173
Apr 20191,7977,10562.632.75$132,090
Mar 20192,0627,87856.803.06$141,245
Feb 20192,42110,16150.852.79$151,480
Jan 20192,71110,20046.033.23$157,715
Dec 20182,30310,03146.594.19$149,281
Nov 20182,56415,57052.934.24$201,686
Oct 20183,1079,35761.443.40$222,690
Sep 20182,83611,34559.543.11$204,116
Aug 20183,11913,53659.403.07$226,778
Jul 20183,44516,16665.142.93$271,804
Jun 20183,60616,67460.183.08$268,314
May 20184,31418,78665.382.90$336,544
Apr 20184,66921,20963.842.90$359,592
Mar 20185,20027,08461.222.79$393,823
Feb 20185,60628,58061.782.77$425,394
Jan 20187,79933,64462.874.01$625,213
Dec 201712,71442,15157.272.92$851,276
Nov 20179,37025,83855.423.12$599,858
Oct 20174,61814,06049.292.98$269,572
Sep 20174,19313,38447.523.09$240,572
Aug 20175,71017,14645.373.00$310,576
Jul 20173,93310,81543.873.09$205,930
Jun 201711,58535,96842.493.09$603,290
May 201716,20144,14045.373.26$879,086
Apr 201719,71049,56947.933.21$1,103,896
Mar 201725,79761,01146.772.98$1,388,563
Feb 20175,06511,15550.452.95$288,466

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         1,132 bbl  × $106.41 =   $120,456
Gas                2,982 Mcf  × $  3.05 =     $9,083

────────────────────────────────────────────────────
Month total                                 $129,539

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/294412 is the state's own key, not one this site invented.