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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 294677District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$36.8 M
Dec 2017 – May 2026
Value, last 12 filed months
$548 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-1112023-06-07231450

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
CondensateDisposition519,183 bbl$31,124,024
GasProduction1,795,455 Mcf$5,723,242
Total$36,847,266

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 28.7914, -98.0304. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.79136, -98.03039 · 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
11,702 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 11,702 ft.

Completions filed
Dec 2017
1 of 1 wells

1 well

42-2553550510H11,702 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 20265893,634106.413.05$73,744
Apr 20266813,48498.932.87$77,369
Mar 20266142,69189.753.15$63,582
Feb 20263661,26863.503.75$27,996
Jan 20266552,63159.138.00$59,773
Dec 20257572,67156.664.41$54,680
Nov 20259412,89758.593.93$66,508
Oct 202519559.383.30$1,145
Sep 20251933062.743.08$12,201
Aug 20253822,26463.933.01$31,247
Jul 20253073,23966.743.32$31,227
Jun 20256052,63866.483.13$48,474
May 20258453,42260.553.23$62,226
Apr 20258353,32662.363.54$63,855
Mar 20251,0683,45467.704.27$87,046
Feb 202536541270.884.34$27,660
Jan 20253881,05974.324.28$33,367
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20241069.612.36$70
Aug 202436575.632.06$2,733
Jul 20240079.932.15$0
Jun 20242653778.082.63$3,445
May 2024651,01878.812.20$7,361
Apr 20249987384.451.66$9,809
Mar 20249924,60280.301.55$86,768
Feb 20241,1554,24176.091.78$95,448
Jan 20247702,33173.023.30$63,912
Dec 20231,3695,19971.262.61$111,128
Nov 20231,5235,61977.892.81$134,402
Oct 20231,8206,71685.443.09$176,235
Sep 20232,0897,18689.042.74$205,659
Aug 20232,4407,27680.522.67$215,917
Jul 20233,66910,89574.852.64$303,407
Jun 20237297,14068.962.26$66,397
May 20231,4348,89670.622.23$121,084
Apr 20231,4439,43478.122.24$133,838
Mar 20231,4327,77672.852.39$122,930
Feb 20231,2667,58575.112.47$113,791
Jan 20231,9129,10176.533.39$177,157
Dec 20221,5897,45076.415.73$164,097
Nov 20221,3515,27085.005.65$144,590
Oct 20221,6017,82287.185.86$185,442
Sep 20221,7718,24084.888.16$217,591
Aug 20221,9078,59794.529.13$258,716
Jul 20221,9029,144101.587.54$262,170
Jun 20222,73610,902115.097.98$401,854
May 20221,2816,024109.378.43$190,904
Apr 20222,11410,286104.226.84$290,653
Mar 20222,43511,260108.885.08$322,283
Feb 20221,7678,15991.054.86$200,529
Dec 20212,43712,37971.323.90$222,074
Nov 20212,41912,98377.435.24$255,293
Oct 20212,70913,63679.795.71$294,065
Sep 20212,72113,04069.865.35$259,865
Aug 20212,75712,96166.024.22$236,720
Jul 20212,78915,38770.783.98$258,678
Jun 20213,16719,78869.493.38$286,971
May 20212,72519,97163.483.02$233,249
Apr 20213,09519,69360.362.76$241,136
Mar 20213,61216,86161.302.72$267,226
Feb 20212,76612,57757.805.55$229,651
Jan 20213,82519,28550.412.81$247,014
Dec 20203,95819,90044.642.68$229,927
Nov 20204,08119,41038.772.71$210,755
Oct 20206,60720,90936.972.48$296,082
Sep 20207,92122,92637.091.99$339,436
Aug 2020221,10139.982.39$3,506
Jul 20201,2886,46338.371.83$61,216
Jun 20204,60822,91534.901.69$199,553
May 20204,38521,55816.921.81$113,317
Apr 20203,87126,95714.751.80$105,738
Mar 20202,0228,28930.341.86$76,734
Feb 20201,4934,72849.881.98$83,835
Jan 20206,50323,84257.252.09$422,240
Dec 20196,38823,96259.012.30$432,173
Nov 20196,59826,16855.302.75$436,850
Oct 20196,99833,40453.472.42$454,972
Sep 20196,99729,97355.052.66$464,832
Aug 20197,81136,36053.112.30$498,629
Jul 20196,22923,69056.272.46$408,785
Jun 20197,67027,73752.782.49$473,921
May 20199,06525,64458.482.74$600,394
Apr 20199,42428,09262.632.75$667,498
Mar 201910,57128,30956.803.06$687,118
Feb 201910,64026,31150.852.79$614,510
Jan 201912,29131,97746.033.23$668,982
Dec 201811,47528,55246.594.19$654,123
Nov 201811,24125,61552.934.24$703,523
Oct 20185,2999,04661.443.40$356,310
Sep 20188,23836,09859.543.11$602,683
Aug 201813,67553,40959.403.07$976,077
Jul 201813,57052,34365.142.93$1,037,413
Jun 201815,56053,90160.183.08$1,102,250
May 201819,49369,12065.382.90$1,474,956
Apr 201823,58279,55763.842.90$1,736,254
Mar 201830,34296,26661.222.79$2,125,815
Feb 201832,60895,43861.782.77$2,278,515
Jan 201843,297112,37862.874.01$3,172,642
Dec 201754,006115,83757.272.92$3,431,344

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           589 bbl  × $106.41 =    $62,675
Gas                3,634 Mcf  × $  3.05 =    $11,069

────────────────────────────────────────────────────
Month total                                  $73,744

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/294677 is the state's own key, not one this site invented.