L.B. HAILEY-DAVILA-BAILEY SA

Operated by MARATHON OIL EF LLC (P-5 525398) in the EAGLEVILLE (EAGLE FORD-2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 296240District 02Field 27135750Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$28.3 M
Nov 2023 – May 2026
Value, last 12 filed months
$8.2 M
at the published price for each month
Months reported
31
no gaps in the span
Streams
2
condensate, gas

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 3,304 leases and 7,959 wells, and the rule below applies to all of them.

Discovered
2009-03-20
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 40 acres. The field rule took effect on 2017-02-28.

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: BASED ON 3000 TO 1 GAS OIL RATIO

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-1112024-10-02235218

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
CondensateDisposition328,465 bbl$23,925,728
GasProduction1,386,643 Mcf$4,346,789
Total$28,272,517

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 28.7670, -97.9916. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.76702, -97.99156 · 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
12,241 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 12,241 ft.

Completions filed
Apr 2024
1 of 1 wells

1 well

42-255378551H12,241 ftApr 2024

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 (31)

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

31 months

May 20266,03343,696106.413.05$775,063
Apr 20266,07242,33898.932.87$722,201
Mar 20266,07548,51389.753.15$698,020
Feb 20266327,12963.503.75$66,868
Jan 20264,15543,02859.138.00$589,820
Dec 20254,59451,62156.664.41$488,118
Nov 20254,96351,05858.593.93$491,258
Oct 202510,73262,19059.383.30$842,794
Sep 202513,86155,98462.743.08$1,041,897
Aug 202514,04870,59763.933.01$1,110,922
Jul 20256,03355,40466.743.32$586,318
Jun 202510,10152,69866.483.13$836,392
May 20258,47548,66860.553.23$670,472
Apr 202516,46777,96062.363.54$1,303,104
Mar 20253,62814,61067.704.27$307,976
Feb 20258,27437,00670.884.34$747,098
Jan 202512,16256,49474.324.28$1,145,600
Dec 20249,56041,83668.993.12$790,130
Nov 202420,37868,63469.052.20$1,557,989
Oct 202421,92791,36771.372.28$1,773,375
Sep 202421,66365,20969.612.36$1,662,139
Aug 202418,48648,89275.632.06$1,498,991
Jul 202417,22151,19679.932.15$1,486,371
Jun 202428,29871,14778.082.63$2,396,908
May 202433,88185,09478.812.20$2,857,236
Apr 202420,74644,27484.451.66$1,825,459
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0

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         6,033 bbl  × $106.41 =   $641,972
Gas               43,696 Mcf  × $  3.05 =   $133,091

────────────────────────────────────────────────────
Month total                                 $775,063

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/296240 is the state's own key, not one this site invented.