RIDLEY FARMS-DOUGLAS SA1

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 297962District 02Field 86950600Hydrogen sulphide field2 tax incentive programmesCondensateGasSaveExport
Value, all time
$28.1 M
May 2024 – May 2026
Value, last 12 filed months
$7.3 M
at the published price for each month
Months reported
25
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 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-1112024-10-07235236

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
CondensateDisposition292,450 bbl$20,966,477
GasProduction2,329,459 Mcf$7,106,322
Total$28,072,799

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 28.8697, -97.7387. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.86975, -97.73868 · 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
13,290 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 13,290 ft.

Completions filed
May 2024
1 of 1 wells

1 well

42-255379341H13,290 ftMay 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 (25)

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

25 months

May 20263,51046,804106.413.05$516,057
Apr 20263,68849,09298.932.87$505,734
Mar 20265,11156,22089.753.15$635,774
Feb 20265,47055,69063.503.75$556,200
Jan 20266,03850,24459.138.00$758,874
Dec 20255,36849,01656.664.41$520,476
Nov 20256,23350,07358.593.93$561,800
Oct 20256,75856,62959.383.30$588,440
Sep 20256,96059,12962.743.08$618,606
Aug 20257,92064,45463.933.01$700,639
Jul 20256,28257,27766.743.32$609,145
Jun 20257,23367,81566.483.13$693,024
May 20258,41375,41860.553.23$753,182
Apr 20259,49282,49462.363.54$884,207
Mar 202511,40493,65667.704.27$1,171,805
Feb 202511,32588,48070.884.34$1,186,794
Jan 202513,773102,33074.324.28$1,461,447
Dec 202415,503116,41668.993.12$1,432,929
Nov 202417,180129,00969.052.20$1,469,898
Oct 202420,772145,58571.372.28$1,814,635
Sep 202422,105159,14169.612.36$1,914,996
Aug 202425,139187,87675.632.06$2,288,969
Jul 202429,536218,54179.932.15$2,829,930
Jun 202430,389223,71878.082.63$2,962,042
May 20246,84844,35278.812.20$637,196

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         3,510 bbl  × $106.41 =   $373,499
Gas               46,804 Mcf  × $  3.05 =   $142,558

────────────────────────────────────────────────────
Month total                                 $516,057

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/297962 is the state's own key, not one this site invented.