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BECK UNIT

Operated by MAGNOLIA OIL & GAS OPERATING LLC (P-5 521544) in the SUGARKANE (AUSTIN CHALK) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 294988District 02Field 869503002 tax incentive programmesCondensateGasSaveExport
Value, all time
$11.8 M
Feb 2018 – May 2026
Value, last 12 filed months
$380 k
at the published price for each month
Months reported
100
no gaps in the span
Streams
2
condensate, gas

The SUGARKANE (AUSTIN CHALK) 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 527 leases and 806 wells, and the rule below applies to all of them.

Discovered
2006-09-07
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 2016-01-12.

The Commission's schedule remark for this field reads: “ INTO SUGARKANE (AUSTIN CHALK) EFF. 11/07/17.”

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-1112023-09-29232934

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
CondensateDisposition156,616 bbl$9,718,210
GasProduction663,967 Mcf$2,060,719
Total$11,778,929

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 28.9961, -97.9143. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.99605, -97.91432 · 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
10,162 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 10,162 ft.

Completions filed
Feb 2018
1 of 1 wells

1 well

42-25535632101H10,162 ftFeb 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 (100)

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

100 months

May 20262641,665106.413.05$33,164
Apr 20264962,02098.932.87$54,866
Mar 20262752,14689.753.15$31,440
Feb 20265442,04063.503.75$42,195
Jan 20264342,22659.138.00$43,466
Dec 20252281,63356.664.41$20,126
Nov 20252861,70458.593.93$23,447
Oct 20254502,06559.383.30$33,545
Sep 20251811,33862.743.08$15,473
Aug 20254091,98163.933.01$32,120
Jul 20252672,21066.743.32$25,146
Jun 20252941,86366.483.13$25,374
May 20253502,02660.553.23$27,741
Apr 20254922,26362.363.54$38,699
Mar 20253161,12267.704.27$26,182
Feb 20253461,85270.884.34$32,564
Jan 20254162,08974.324.28$39,855
Dec 20242461,35368.993.12$21,195
Nov 20244201,85369.052.20$33,075
Oct 20244732,16071.372.28$38,686
Sep 20243872,88869.612.36$33,767
Aug 20243592,14275.632.06$31,571
Jul 20245834,24379.932.15$55,707
Jun 20244731,66778.082.63$41,323
May 20244951,31878.812.20$41,908
Apr 20245601,36284.451.66$49,552
Mar 20244767,37880.301.55$49,623
Feb 20245295,58276.091.78$50,208
Jan 20245797,44573.023.30$66,830
Dec 20234874,79071.262.61$47,209
Nov 202339513,02777.892.81$67,341
Oct 20234616,93885.443.09$60,807
Sep 20234372,39589.042.74$45,461
Aug 20233661,98180.522.67$34,765
Jul 20233652,21774.852.64$33,177
Jun 20236142,36668.962.26$47,685
May 20233201,75270.622.23$26,501
Apr 20234401,62078.122.24$37,998
Mar 20231,0423,76072.852.39$84,908
Feb 2023621,34875.112.47$7,981
Jan 20232962,33976.533.39$30,577
Dec 20224782,12376.415.73$48,687
Nov 20225923,34685.005.65$69,212
Oct 20227983,87987.185.86$92,315
Sep 20223502,14684.888.16$47,227
Aug 20223652,38894.529.13$56,295
Jul 20225232,575101.587.54$72,547
Jun 20228093,430115.097.98$120,470
May 20226022,534109.378.43$87,210
Apr 20229542,640104.226.84$117,477
Mar 20224532,500108.885.08$62,014
Feb 20227344,16091.054.86$87,043
Jan 20221,0446,85981.844.54$116,565
Dec 20211041,68771.323.90$13,995
Nov 20211531,82777.435.24$21,415
Oct 20215992,92579.795.71$64,507
Sep 20215072,89969.865.35$50,931
Aug 20219611,63066.024.22$70,325
Jul 20219623,04670.783.98$80,220
Jun 20218223,30569.493.38$68,294
May 20211,0883,96863.483.02$81,040
Apr 20211,3484,08460.362.76$92,631
Mar 20211,3803,69861.302.72$94,641
Feb 20213972,81357.805.55$38,553
Jan 20211471,97150.412.81$12,949
Dec 20204712,97444.642.68$28,982
Nov 20208744,22338.772.71$45,315
Oct 20201,6525,12936.972.48$73,786
Sep 20201,4234,58437.091.99$61,906
Aug 20202672,16639.982.39$15,841
Jul 20207453,60438.371.83$35,163
Jun 20202292,28434.901.69$11,853
May 20207063,59616.921.81$18,471
Apr 20201,0015,30814.751.80$24,342
Mar 20201,5035,77630.341.86$56,323
Feb 20201,2205,13849.881.98$71,030
Jan 20201,4835,59057.252.09$96,611
Dec 20192,0316,58259.012.30$135,017
Nov 20191,3765,03155.302.75$89,932
Oct 20191,2115,86253.472.42$78,930
Sep 20191,4456,84555.052.66$97,736
Aug 20191,5976,85453.112.30$100,611
Jul 20191,0602,54656.272.46$65,910
Jun 20191,3134,53052.782.49$80,585
May 20191,1826,75758.482.74$87,640
Apr 20191,8884,79962.632.75$131,446
Mar 20192,0533,91956.803.06$128,611
Feb 20191,8144,82050.852.79$105,700
Jan 20192,3416,86746.033.23$129,924
Dec 20182,9906,86546.594.19$168,037
Nov 20182,3547,26852.934.24$155,393
Oct 20182,7868,60261.443.40$200,402
Sep 20183,11713,81259.543.11$228,514
Aug 20183,65332,29459.403.07$316,020
Jul 20184,34637,67565.142.93$393,557
Jun 20185,05843,39860.183.08$437,923
May 20187,59052,28265.382.90$647,894
Apr 201811,67461,37763.842.90$923,311
Mar 201822,16051,38861.222.79$1,499,845
Feb 201826,92044,62261.782.77$1,786,547

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           264 bbl  × $106.41 =    $28,092
Gas                1,665 Mcf  × $  3.05 =     $5,071

────────────────────────────────────────────────────
Month total                                  $33,164

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/294988 is the state's own key, not one this site invented.