MARKEY #2

Operated by SABINE ENERGY INC. (P-5 103925) in the MINDEN (COTTON VALLEY CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 203003District 06Field 617921112 tax incentive programmesCondensateGasSaveExport
Value, all time
$2.5 M
Feb 2004 – May 2026
Value, last 12 filed months
$36 k
at the published price for each month
Months reported
268
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 456 leases and 456 wells, and the rule below applies to all of them.

Discovered
2005-09-27
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 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: EXCEPTION TO SWR51(A) 30 DAY RULE.

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
High Cost Gas112004-09-24158925
NGPA1none

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
CondensateDisposition1,399 bbl$91,225
GasProduction416,850 Mcf$2,365,241
Total$2,456,466

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 32.0984, -94.7079. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.09840, -94.70791 · 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
10,750 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 10,750 ft.

Completions filed
Feb 2004
1 of 1 wells

1 well

42-40133292210,750 ftFeb 2004

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 (268)

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

268 months

May 202637554106.413.05$5,625
Apr 20268935998.932.87$9,835
Mar 20262249289.753.15$3,524
Feb 20265433363.503.75$4,678
Jan 2026038659.138.00$3,087
Dec 2025040256.664.41$1,774
Nov 2025035658.593.93$1,398
Oct 2025038859.383.30$1,282
Sep 2025037462.743.08$1,151
Aug 2025038663.933.01$1,164
Jul 2025038166.743.32$1,263
Jun 2025037766.483.13$1,180
May 2025038560.553.23$1,244
Apr 2025035562.363.54$1,258
Mar 2025035767.704.27$1,524
Feb 2025032370.884.34$1,402
Jan 2025036274.324.28$1,549
Dec 2024036468.993.12$1,136
Nov 2024037569.052.20$824
Oct 2024041171.372.28$938
Sep 2024042569.612.36$1,005
Aug 2024045775.632.06$943
Jul 2024039179.932.15$839
Jun 2024040478.082.63$1,064
May 2024040278.812.20$884
Apr 2024038284.451.66$634
Mar 2024038580.301.55$595
Feb 2024037476.091.78$667
Jan 2024037373.023.30$1,230
Dec 2023040171.262.61$1,047
Nov 2023042877.892.81$1,202
Oct 2023046285.443.09$1,426
Sep 2023091789.042.74$2,508
Aug 202301,21180.522.67$3,237
Jul 202301,18574.852.64$3,131
Jun 202301,12868.962.26$2,548
May 202301,13770.622.23$2,533
Apr 202301,09278.122.24$2,444
Mar 2023066772.852.39$1,596
Feb 2023057475.112.47$1,415
Jan 2023076676.533.39$2,595
Dec 2022042076.415.73$2,406
Nov 2022061285.005.65$3,455
Oct 2022066287.185.86$3,882
Sep 2022055084.888.16$4,490
Aug 2022070594.529.13$6,435
Jul 20220508101.587.54$3,831
Jun 20220554115.097.98$4,419
May 20220679109.378.43$5,726
Apr 20220608104.226.84$4,157
Mar 20220534108.885.08$2,711
Feb 2022050091.054.86$2,429
Jan 2022055981.844.54$2,537
Dec 2021058071.323.90$2,261
Nov 2021053877.435.24$2,817
Oct 2021054479.795.71$3,108
Sep 2021051869.865.35$2,772
Aug 2021055766.024.22$2,351
Jul 2021072870.783.98$2,899
Jun 2021046669.493.38$1,575
May 2021064463.483.02$1,943
Apr 2021075260.362.76$2,074
Mar 2021071361.302.72$1,937
Feb 2021061157.805.55$3,390
Jan 2021077350.412.81$2,172
Dec 2020087944.642.68$2,352
Nov 2020052438.772.71$1,418
Oct 2020082636.972.48$2,047
Sep 2020037537.091.99$747
Aug 2020049439.982.39$1,178
Jul 2020071638.371.83$1,307
Jun 2020077034.901.69$1,302
May 2020081516.921.81$1,479
Apr 2020073414.751.80$1,324
Mar 2020077030.341.86$1,429
Feb 2020062149.881.98$1,230
Jan 2020073657.252.09$1,542
Dec 2019067959.012.30$1,565
Nov 2019066355.302.75$1,824
Oct 2019066053.472.42$1,596
Sep 2019066155.052.66$1,756
Aug 2019067153.112.30$1,546
Jul 2019078356.272.46$1,926
Jun 2019062352.782.49$1,552
May 2019075058.482.74$2,055
Apr 2019073862.632.75$2,030
Mar 2019072056.803.06$2,205
Feb 2019046150.852.79$1,287
Jan 2019058246.033.23$1,879
Dec 2018073046.594.19$3,055
Nov 2018074352.934.24$3,148
Oct 2018266261.443.40$2,372
Sep 2018661859.543.11$2,278
Aug 2018062859.403.07$1,926
Jul 2018076365.142.93$2,237
Jun 2018072460.183.08$2,228
May 2018052165.382.90$1,511
Apr 2018049263.842.90$1,427
Mar 2018075461.222.79$2,101
Feb 2018073261.782.77$2,025
Jan 2018083662.874.01$3,352
Dec 2017086357.272.92$2,521
Nov 2017085955.423.12$2,679
Oct 2017077949.292.98$2,324
Sep 2017067047.523.09$2,068
Aug 2017061245.373.00$1,839
Jul 2017059543.873.09$1,837
Jun 2017065642.493.09$2,025
May 2017080845.373.26$2,637
Apr 2017085747.933.21$2,752
Mar 2017095346.772.98$2,843
Feb 2017078050.452.95$2,303
Jan 2017088449.413.42$3,022
Dec 2016057348.763.72$2,133
Nov 2016062042.492.64$1,640
Oct 2016073146.193.09$2,259
Sep 2016061441.553.10$1,904
Aug 2016067341.442.92$1,968
Jul 2016071041.622.92$2,076
Jun 2016066545.352.69$1,786
May 2016071242.521.99$1,418
Apr 2016077836.561.99$1,549
Mar 2016075533.011.79$1,354
Feb 2016075026.472.06$1,548
Jan 2016082527.352.36$1,951
Dec 2015077632.362.00$1,553
Nov 2015063338.792.17$1,372
Oct 2015092943.552.43$2,254
Sep 2015096742.992.76$2,667
Aug 201501,02640.162.87$2,947
Jul 201501,05548.152.95$3,107
Jun 2015097456.152.88$2,808
May 2015097255.212.96$2,873
Apr 201501,03849.822.71$2,809
Mar 2015099442.892.93$2,917
Feb 2015091844.662.98$2,732
Jan 201501,02943.433.10$3,191
Dec 201401,03654.693.59$3,721
Nov 2014097770.464.25$4,154
Oct 201401,00778.303.90$3,928
Sep 201401,07186.164.05$4,333
Aug 201401,14389.394.04$4,612
Jul 201401,37896.564.18$5,759
Jun 2014097198.164.74$4,600
May 201401,02094.734.73$4,821
Apr 201401,01795.944.81$4,891
Mar 201401,00495.895.06$5,077
Feb 2014090297.406.19$5,585
Jan 201401,03390.404.86$5,021
Dec 2013099791.824.35$4,341
Nov 201301,02388.853.74$3,824
Oct 201301,01697.423.78$3,840
Sep 201301,038104.113.72$3,859
Aug 201301,139104.253.52$4,012
Jul 201301,220102.523.72$4,536
Jun 201301,15794.403.93$4,551
May 2013070094.834.15$2,904
Apr 2013065493.964.28$2,801
Mar 2013064193.623.91$2,508
Feb 2013058991.233.42$2,014
Jan 2013065591.603.42$2,240
Dec 2012061486.773.42$2,100
Nov 2012070886.953.62$2,566
Oct 201201,08189.383.40$3,675
Sep 201201,20694.672.92$3,520
Aug 201201,21392.662.91$3,528
Jul 201201,18785.133.02$3,586
Jun 201201,14579.822.52$2,884
May 201201,27291.612.49$3,165
Apr 201201,256101.652.00$2,508
Mar 201201,209105.052.22$2,686
Feb 201211,239101.102.57$3,286
Jan 201211,18898.092.73$3,346
Dec 201111,18196.873.24$3,923
Nov 2011288895.723.31$3,132
Oct 201101,23384.983.65$4,499
Sep 201131,22983.623.99$5,149
Aug 201141,27683.404.15$5,628
Jul 201111,26994.144.52$5,827
Jun 201161,23292.904.64$6,274
May 201131,42998.134.40$6,589
Apr 201191,375105.964.33$6,912
Mar 2011141,33396.364.06$6,757
Feb 2011191,49885.644.18$7,889
Jan 2011191,79186.504.59$9,862
Dec 201041,48385.734.35$6,791
Nov 201021,45480.843.80$5,680
Oct 201041,51378.103.51$5,621
Sep 201021,45772.633.98$5,943
Aug 2010101,05973.684.42$5,417
Jul 2010283772.554.74$4,110
Jun 201031,41670.364.91$7,164
May 201021,55971.124.24$6,745
Apr 201031,53981.694.12$6,590
Mar 201031,61978.394.39$7,340
Feb 201021,49873.585.44$8,300
Jan 201041,73174.365.96$10,621
Dec 200921,68971.445.48$9,405
Nov 200911,59174.593.75$6,043
Oct 200911,66372.544.11$6,908
Sep 200921,65065.543.06$5,188
Aug 200911,74867.423.22$5,693
Jul 200911,71461.133.46$5,999
Jun 200901,64666.163.90$6,411
May 200911,81354.743.93$7,172
Apr 200961,89646.773.59$7,083
Mar 200962,02042.144.06$8,452
Feb 200951,83032.814.63$8,642
Jan 200982,07035.865.37$11,405
Dec 200841,95837.105.98$11,852
Nov 200821,89355.496.86$13,098
Oct 200832,06075.246.92$14,485
Sep 200871,894101.767.88$15,632
Aug 200882,188114.228.48$19,475
Jul 200852,161131.0811.39$25,268
Jun 200852,161131.3313.03$28,820
May 200862,248123.1711.57$26,758
Apr 200842,189110.3110.45$23,327
Mar 200812,305101.909.66$22,378
Feb 200852,18892.538.77$19,653
Jan 200812,36490.388.21$19,489
Dec 200722,37788.337.30$17,533
Nov 200732,37491.677.29$17,586
Oct 2007122,41282.856.92$17,690
Sep 2007112,38575.846.24$15,727
Aug 2007152,46569.066.39$16,782
Jul 200762,55470.906.39$16,740
Jun 2007212,43262.007.55$19,660
May 200772,65458.747.85$21,235
Apr 20071842,50759.617.81$30,536
Mar 200702,67856.927.30$19,555
Feb 20071782,48855.108.22$30,249
Jan 20071842,79850.306.73$28,077
Dec 20061882,88956.656.92$30,638
Nov 200672,78854.207.62$21,617
Oct 200682,86654.906.01$17,675
Sep 200672,72360.085.04$14,137
Aug 2006103,03468.717.34$22,956
Jul 200693,44269.376.34$22,456
Jun 200633,53866.286.38$22,785
May 200603,80966.016.42$24,473
Apr 200603,40664.397.36$25,070
Mar 200603,98256.707.08$28,204
Feb 200603,54757.597.75$27,493
Jan 200603,76060.598.93$33,589
Dec 200503,78854.9413.42$50,818
Nov 200503,47554.6910.59$36,795
Oct 200503,05458.3413.80$42,132
Sep 200504,38961.4512.08$53,015
Aug 200503,66061.519.80$35,856
Jul 200504,09555.697.84$32,120
Jun 200504,06752.337.38$30,019
May 200504,67645.226.65$31,101
Apr 200504,46149.207.36$32,835
Mar 200505,07950.377.15$36,340
Feb 200504,62745.226.31$29,205
Jan 200595,48743.166.32$35,078
Dec 200405,78639.866.75$39,062
Nov 200406,40145.286.33$40,521
Oct 20041167,04249.706.52$51,645
Sep 200407,73943.245.28$40,892
Aug 200407,37542.375.55$40,936
Jul 2004010,86438.286.08$66,099
Jun 200408,80436.106.43$56,636
May 200409,16337.486.49$59,510
Apr 2004010,18634.475.86$59,674
Mar 2004013,45934.365.53$74,430
Feb 200403,63832.455.51$20,044

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            37 bbl  × $106.41 =     $3,937
Gas                  554 Mcf  × $  3.05 =     $1,687

────────────────────────────────────────────────────
Month total                                   $5,625

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. 06/G/203003 is the state's own key, not one this site invented.