MARKEY #2

Operated by SABINE OIL & GAS CORPORATION (P-5 742143) 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 203022District 06Field 617921112 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.9 M
Feb 2004 – Oct 2021
Value, last 12 filed months
$0
at the published price for each month
Months reported
213
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 Gas112004-09-27158982
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
CondensateDisposition2,885 bbl$175,421
GasProduction729,043 Mcf$4,743,493
Total$4,918,914

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 32.1026, -94.7212. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.10255, -94.72119 · 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
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,750 ft
1 wells filed one
Completion to plug
17.7 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

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
Plug dates filed
Oct 2021
1 of 1 wells

Last completion to plug: a median of 17.7 years across the 1 well that filed both dates, with the middle half between 17.7 years and 17.7 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40133293410,750 ftFeb 2004Oct 2021Yes

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 (213)

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

213 months

Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 201502044.662.98$60
Jan 20150043.433.10$0
Dec 20140454.693.59$14
Nov 201406370.464.25$268
Oct 2014012978.303.90$503
Sep 2014017886.164.05$720
Aug 2014015589.394.04$625
Jul 2014024496.564.18$1,020
Jun 2014026098.164.74$1,232
May 2014032694.734.73$1,541
Apr 2014033595.944.81$1,611
Mar 2014039195.895.06$1,977
Feb 2014042497.406.19$2,625
Jan 2014047590.404.86$2,309
Dec 2013044291.824.35$1,925
Nov 2013042288.853.74$1,578
Oct 2013044197.423.78$1,667
Sep 20130438104.113.72$1,628
Aug 20130606104.253.52$2,135
Jul 20130611102.523.72$2,272
Jun 2013065294.403.93$2,565
May 2013066394.834.15$2,751
Apr 2013045193.964.28$1,931
Mar 2013059993.623.91$2,344
Feb 2013064091.233.42$2,189
Jan 2013075591.603.42$2,582
Dec 2012077086.773.42$2,634
Nov 2012084786.953.62$3,070
Oct 2012090689.383.40$3,080
Sep 201201,10194.672.92$3,213
Aug 2012098592.662.91$2,865
Jul 2012331,01385.133.02$5,869
Jun 2012171,29479.822.52$4,617
May 2012651,75191.612.49$10,312
Apr 201221,495101.652.00$3,189
Mar 201221,167105.052.22$2,803
Feb 201221,472101.102.57$3,986
Jan 201221,60198.092.73$4,573
Dec 201112,18596.873.24$7,176
Nov 2011172,04195.723.31$8,386
Oct 2011012284.983.65$445
Sep 201152,05483.623.99$8,605
Aug 201151,39683.404.15$6,209
Jul 201111,80594.144.52$8,248
Jun 201153,37992.904.64$16,143
May 201133,21498.134.40$14,451
Apr 201162,590105.964.33$11,859
Mar 201152,70596.364.06$11,457
Feb 201111,36185.644.18$5,775
Jan 201152,43586.504.59$11,606
Dec 201042,50285.734.35$11,221
Nov 201072,65380.843.80$10,635
Oct 201032,95178.103.51$10,589
Sep 201052,81272.633.98$11,553
Aug 201053,37773.684.42$15,293
Jul 201053,41572.554.74$16,538
Jun 201042,77870.364.91$13,923
May 201032,17171.124.24$9,408
Apr 201072,98281.694.12$12,866
Mar 201073,35178.394.39$15,255
Feb 201072,92473.585.44$16,429
Jan 201083,36374.365.96$20,652
Dec 200973,34071.445.48$18,816
Nov 200963,36974.593.75$13,086
Oct 200953,01572.544.11$12,755
Sep 2009183,42365.543.06$11,670
Aug 200973,38167.423.22$11,354
Jul 200993,66861.133.46$13,258
Jun 200973,53566.163.90$14,232
May 200943,98654.743.93$15,867
Apr 200934,12346.773.59$14,932
Mar 200924,27142.144.06$17,420
Feb 200913,78732.814.63$17,578
Jan 200983,21835.865.37$17,571
Dec 2008114,49937.105.98$27,299
Nov 200874,72755.496.86$32,817
Oct 200895,42375.246.92$38,215
Sep 2008114,213101.767.88$34,306
Aug 200894,271114.228.48$37,259
Jul 200853,595131.0811.39$41,600
Jun 200814,406131.3313.03$57,553
May 200825,220123.1711.57$60,664
Apr 200824,547110.3110.45$47,759
Mar 200835,485101.909.66$53,313
Feb 200835,70692.538.77$50,323
Jan 200845,54590.388.21$45,862
Dec 200745,31588.337.30$39,163
Nov 200756,49891.677.29$47,840
Oct 200737,05282.856.92$49,062
Sep 200776,95875.846.24$43,978
Aug 200757,40369.066.39$47,635
Jul 20071697,04470.906.39$56,979
Jun 200737,09962.007.55$53,772
May 200747,92558.747.85$62,417
Apr 20071878,68359.617.81$78,920
Mar 2007910,07056.927.30$74,043
Feb 200719010,14555.108.22$93,820
Jan 20071413,36650.306.73$90,615
Dec 200620216,93556.656.92$128,607
Nov 20061866,23854.207.62$57,599
Oct 200639522,42454.906.01$156,539
Sep 200686120,61460.085.04$155,566
Aug 2006145,65868.717.34$42,491
Jul 2006105,09069.376.34$32,978
Jun 200615,62266.286.38$35,956
May 200603,62066.016.42$23,259
Apr 200604,01464.397.36$29,545
Mar 200604,91556.707.08$34,813
Feb 200605,02157.597.75$38,918
Jan 200605,92860.598.93$52,957
Dec 200506,48954.9413.42$87,053
Nov 200505,37954.6910.59$56,955
Oct 200506,17958.3413.80$85,244
Sep 200506,64061.4512.08$80,205
Aug 200507,85361.519.80$76,935
Jul 200509,20755.697.84$72,216
Jun 200509,28252.337.38$68,511
May 2005010,43345.226.65$69,392
Apr 2005010,14349.207.36$74,657
Mar 2005011,50250.377.15$82,295
Feb 2005010,73845.226.31$67,777
Jan 2005012,86143.166.32$81,310
Dec 2004013,69939.866.75$92,483
Nov 2004014,81445.286.33$93,779
Oct 20042215,46449.706.52$101,843
Sep 200420817,63543.245.28$102,176
Aug 2004017,06542.375.55$94,722
Jul 2004023,28838.286.08$141,688
Jun 2004026,19236.106.43$168,494
May 2004031,37937.486.49$203,793
Apr 2004036,29834.475.86$212,650
Mar 2004028,19534.365.53$155,922
Feb 200409,22632.455.51$50,832

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.

Feb 2015 — as filed, then multipliedworked
Condensate             0 bbl  × $ 44.66 =         $0
Gas                   20 Mcf  × $  2.98 =        $60

────────────────────────────────────────────────────
Month total                                      $60

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/203022 is the state's own key, not one this site invented.