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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 294460District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$17.4 M
Feb 2017 – May 2026
Value, last 12 filed months
$235 k
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-1112023-05-11231468

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
CondensateDisposition247,250 bbl$14,085,315
GasProduction1,015,300 Mcf$3,288,609
Total$17,373,924

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 28.7864, -98.0328. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.78642, -98.03279 · 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
11,729 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 11,729 ft.

Completions filed
Feb 2017
1 of 1 wells

1 well

42-255350166H11,729 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 20265561,950106.413.05$65,103
Apr 202645198398.932.87$47,438
Mar 202633489.753.15$2,974
Feb 202637463.503.75$2,365
Jan 202638459.138.00$2,279
Dec 202528256.664.41$1,595
Nov 202523058.593.93$1,348
Oct 20256842,87459.383.30$50,114
Sep 20253820062.743.08$3,000
Aug 20252272,02963.933.01$20,629
Jul 202514958366.743.32$11,877
Jun 20253351,37366.483.13$26,567
May 20251,5266,23360.553.23$112,546
Apr 202514792562.363.54$12,444
Mar 20257362,41467.704.27$60,131
Feb 20251,0553,80970.884.34$91,313
Jan 20251,3115,79674.324.28$122,233
Dec 20241,7577,33768.993.12$144,117
Nov 20241,1734,96969.052.20$91,920
Oct 20241,3786,00671.372.28$112,050
Sep 20241,2624,60969.612.36$98,745
Aug 20241,4275,01075.632.06$118,263
Jul 20244591,47879.932.15$39,861
Jun 20241,5185,55578.082.63$133,157
May 20241,9596,56478.812.20$168,819
Apr 20241,1633,42484.451.66$103,896
Mar 20241,4056,79180.301.55$123,314
Feb 20242,2004,23976.091.78$174,959
Jan 20243661,22873.023.30$30,775
Dec 20237143,03371.262.61$58,798
Nov 20239584,62077.892.81$87,590
Oct 20238615,46285.443.09$90,427
Sep 20231089.042.74$89
Aug 20231431,68380.522.67$16,013
Jul 20233311,09774.852.64$27,673
Jun 202311873368.962.26$9,793
May 20233321,30770.622.23$26,357
Apr 20234872,74178.122.24$44,178
Mar 20238886,79372.852.39$80,948
Feb 20238715,99775.112.47$80,207
Jan 20239873,70776.533.39$88,093
Dec 20221,0057,07676.415.73$117,331
Nov 20221,1106,26085.005.65$129,695
Oct 20227854,20287.185.86$93,076
Sep 20221,0566,13384.888.16$139,701
Aug 20221,1985,37094.529.13$162,248
Jul 2022214774101.587.54$27,576
Jun 20222931,507115.097.98$45,743
May 20221,1566,979109.378.43$185,286
Apr 20229324,248104.226.84$126,179
Mar 20224421,458108.885.08$55,526
Feb 20225892,63991.054.86$66,451
Dec 202118887171.323.90$16,804
Nov 202116457577.435.24$15,710
Oct 20214742,56879.795.71$52,494
Sep 20211,1938,30969.865.35$127,804
Aug 20211,3848,88866.024.22$128,884
Jul 20211,3028,55470.783.98$126,218
Jun 20211,69011,44769.493.38$156,136
May 20212441,71063.483.02$20,649
Apr 20217274160.362.76$6,390
Mar 20217003,43961.302.72$52,254
Feb 20211,0476,35757.805.55$95,785
Jan 20211,2895,69450.412.81$80,980
Dec 202012096944.642.68$7,949
Nov 20201,3247,97038.772.71$72,903
Oct 20201,8589,88736.972.48$93,195
Sep 20202,0389,23337.091.99$93,973
Aug 2020186939.982.39$884
Jul 20201038.371.83$38
Jun 202015437034.901.69$6,000
May 202027771216.921.81$5,979
Apr 202018565614.751.80$3,912
Mar 20202671,26930.341.86$10,456
Feb 20203522,07849.881.98$21,674
Jan 20201,74010,09657.252.09$120,764
Dec 20191,7939,70759.012.30$128,173
Nov 20191,2605,72055.302.75$85,412
Oct 20191,1426,36353.472.42$76,452
Sep 20191,4897,34455.052.66$101,485
Aug 20191,7119,01853.112.30$111,652
Jul 20191,5057,94056.272.46$104,219
Jun 20191,78610,17852.782.49$119,621
May 20192,2319,99558.482.74$157,858
Apr 20192,00110,91862.632.75$155,355
Mar 20192,71214,69456.803.06$199,036
Feb 20191,9398,37150.852.79$121,972
Jan 20194,08218,95946.033.23$249,098
Dec 20183,77718,55446.594.19$253,627
Nov 20184,05323,95152.934.24$316,011
Oct 20183,93120,58761.443.40$311,477
Sep 20183,53717,90459.543.11$266,239
Aug 20183,89821,89159.403.07$298,671
Jul 20184,58128,49965.142.93$381,962
Jun 20182,06220,07560.183.08$185,860
May 20185,35630,38565.382.90$438,316
Apr 20184,86520,28863.842.90$369,433
Mar 20186,43627,47361.222.79$470,575
Feb 20187,96136,04361.782.77$591,530
Jan 20186,90922,45962.874.01$524,414
Dec 201712,71123,97157.272.92$797,991
Nov 20176,23512,13155.423.12$383,373
Oct 20178,27233,45549.292.98$507,546
Sep 20176,64223,61447.523.09$388,531
Aug 20176,58423,93745.373.00$370,632
Jul 20177,39326,58543.873.09$406,406
Jun 20178,66332,88942.493.09$469,628
May 201711,51539,37045.373.26$650,916
Apr 201713,84145,66847.933.21$810,066
Mar 201722,07159,98746.772.98$1,211,243
Feb 20175,31313,70350.452.95$308,500

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           556 bbl  × $106.41 =    $59,164
Gas                1,950 Mcf  × $  3.05 =     $5,939

────────────────────────────────────────────────────
Month total                                  $65,103

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/294460 is the state's own key, not one this site invented.