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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 294463District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$28.4 M
Dec 2017 – May 2026
Value, last 12 filed months
$874 k
at the published price for each month
Months reported
101
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-1112023-05-11231447

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
CondensateDisposition361,588 bbl$22,664,276
GasProduction1,746,585 Mcf$5,707,229
Total$28,371,505

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 28.7911, -98.0314. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.79110, -98.03143 · 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
11,751 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 11,751 ft.

Completions filed
Dec 2017
1 of 1 wells

1 well

42-255355039H11,751 ftDec 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 (101)

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

101 months

May 202640106.413.05$426
Apr 20269416098.932.87$9,759
Mar 20261,3783,94089.753.15$136,084
Feb 20261,1422,91863.503.75$83,460
Jan 20261,0523,75459.138.00$92,229
Dec 20259472,85956.664.41$66,275
Nov 20251,3804,85358.593.93$99,909
Oct 20251,2414,85859.383.30$89,745
Sep 202515735562.743.08$10,942
Aug 20259724,44863.933.01$75,550
Jul 20251,1115,75666.743.32$93,230
Jun 20251,4226,93866.483.13$116,242
May 20251,3907,12360.553.23$107,188
Apr 20251,6647,24762.363.54$129,444
Mar 20251,9697,87467.704.27$166,910
Feb 20251,8648,01270.884.34$166,899
Jan 20252,0978,20774.324.28$190,964
Dec 20242,28810,20068.993.12$189,687
Nov 20242,2069,83569.052.20$173,946
Oct 20242,31111,23771.372.28$190,572
Sep 20242,36010,16269.612.36$188,306
Aug 20242,72911,58175.632.06$230,293
Jul 20242,89012,07379.932.15$256,913
Jun 20243,03712,02078.082.63$268,789
May 20243,57113,15578.812.20$310,351
Apr 20243,45210,81484.451.66$309,464
Mar 20243,95914,72280.301.55$340,655
Feb 20243,2408,41876.091.78$261,546
Jan 20246523,54773.023.30$59,306
Dec 20231,5748,38971.262.61$134,065
Nov 20231,6037,73077.892.81$146,560
Oct 20231,8599,20585.443.09$187,251
Sep 20239739,24889.042.74$111,930
Aug 20235689,19480.522.67$70,310
Jul 20236684,75474.852.64$62,559
Jun 20238312,16968.962.26$62,204
May 20239989,24670.622.23$91,073
Apr 20231,10110,33878.122.24$109,144
Mar 20231,24610,27272.852.39$115,354
Feb 20231,0659,52975.112.47$103,488
Jan 20231,49211,05976.533.39$151,648
Dec 20221,1658,32376.415.73$136,701
Nov 20221,3889,87485.005.65$173,731
Oct 20221,3489,80687.185.86$175,019
Sep 20221,36710,36884.888.16$200,672
Aug 20221,44410,22894.529.13$229,839
Jul 20221,68011,557101.587.54$257,818
Jun 20223,63115,554115.097.98$541,969
May 20228773,631109.378.43$126,538
Apr 20221,27910,388104.226.84$204,326
Mar 20221,80813,190108.885.08$263,813
Feb 20229196,76391.054.86$116,535
Dec 20211,80116,51871.323.90$192,853
Nov 20211,79215,78577.435.24$221,418
Oct 20211,90717,00779.795.71$249,335
Sep 20211,66516,81569.865.35$206,293
Aug 20211,71017,31966.024.22$185,991
Jul 20212,14520,95070.783.98$235,248
Jun 20212,36825,97769.493.38$252,371
May 20211,81120,97463.483.02$178,255
Apr 20212,88720,58260.362.76$231,033
Mar 20212,37713,00861.302.72$181,052
Feb 20211,1145,96257.805.55$97,466
Jan 20211,5169,58950.412.81$103,369
Dec 20209801,44544.642.68$47,613
Nov 20202,18312,41238.772.71$118,229
Oct 20203,83124,12336.972.48$201,419
Sep 20202,0755,22537.091.99$87,365
Aug 20204561,49639.982.39$21,799
Jul 20201,2805,73638.371.83$59,582
Jun 20201,3186,41634.901.69$56,843
May 20201,3888,94916.921.81$39,725
Apr 20203,22520,11214.751.80$83,858
Mar 20201,0856,17030.341.86$44,372
Feb 202067481449.881.98$35,231
Jan 20202,3269,73057.252.09$153,545
Dec 20191,6169,87659.012.30$118,118
Nov 20191781,31355.302.75$13,455
Oct 20193,96934,39653.472.42$295,411
Sep 20194,10927,21855.052.66$298,526
Aug 20193,73431,33853.112.30$270,527
Jul 20195,79844,98056.272.46$436,907
Jun 20194,81338,61152.782.49$350,218
May 20195,26529,39858.482.74$388,457
Apr 20195,54036,59962.632.75$447,643
Mar 20196,78741,49756.803.06$512,570
Feb 20197,57546,18250.852.79$514,139
Jan 20195,42126,72246.033.23$335,792
Dec 20188,82540,33646.594.19$579,981
Nov 20189,43039,14252.934.24$664,984
Oct 20186,76923,04561.443.40$494,196
Sep 20181242559.543.11$2,035
Aug 20186562,58359.403.07$46,887
Jul 201813,72476,27665.142.93$1,117,613
Jun 20189,01563,02060.183.08$736,430
May 201816,98875,72365.382.90$1,330,333
Apr 201813,44450,59163.842.90$1,005,019
Mar 201817,98065,38361.222.79$1,282,948
Feb 201818,94465,02361.782.77$1,350,222
Jan 201823,56270,12762.874.01$1,762,505
Dec 201740,05785,78657.272.92$2,544,690

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             4 bbl  × $106.41 =       $426
Gas                    0 Mcf  × $  3.05 =         $0

────────────────────────────────────────────────────
Month total                                     $426

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/294463 is the state's own key, not one this site invented.