MARKEY #1

Name: MARKEY #1 lease production and value, Feb 2005 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

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 210774District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$5.0 M

Feb 2005 – Apr 2019

Value, last 12 filed months

$61 k

at the published price for each month

Months reported

171

no gaps in the span

Streams

condensate, gas

The MINDEN (COTTON VALLEY CONS.) 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 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.

Programme	Filings	With an approval date	Dated	Docket
High Cost Gas	1	1	2007-05-07	174756
NGPA	1	none	—	—

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.

Stream	Basis	Volume	Value
Condensate	Disposition	892 bbl	$72,115
Gas	Production	782,452 Mcf	$4,976,445
Total			$5,048,560

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 32.0912, -94.7197. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.09117, -94.71966 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

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

0.0%

0 of 1 wells

Median depth

10,800 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

1100.0%

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.

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 10,800 ft.

Completions filed

Apr 2019

1 of 1 wells

1 well


42-40133477	3	10,800 ft	Apr 2019	—	Yes

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 (171)

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

171 months


Apr 2019	0	0	62.63	2.75	$0
Mar 2019	0	1,632	56.80	3.06	$4,997
Feb 2019	0	1,451	50.85	2.79	$4,052
Jan 2019	0	1,446	46.03	3.23	$4,668
Dec 2018	0	1,644	46.59	4.19	$6,881
Nov 2018	0	1,468	52.93	4.24	$6,220
Oct 2018	0	1,814	61.44	3.40	$6,164
Sep 2018	0	1,651	59.54	3.11	$5,131
Aug 2018	0	2,211	59.40	3.07	$6,780
Jul 2018	0	1,761	65.14	2.93	$5,163
Jun 2018	0	1,622	60.18	3.08	$4,991
May 2018	0	1,972	65.38	2.90	$5,720
Apr 2018	0	1,631	63.84	2.90	$4,731
Mar 2018	0	1,760	61.22	2.79	$4,905
Feb 2018	0	1,385	61.78	2.77	$3,831
Jan 2018	0	1,164	62.87	4.01	$4,667
Dec 2017	0	1,282	57.27	2.92	$3,745
Nov 2017	0	1,469	55.42	3.12	$4,581
Oct 2017	0	1,666	49.29	2.98	$4,971
Sep 2017	0	1,431	47.52	3.09	$4,418
Aug 2017	0	1,506	45.37	3.00	$4,525
Jul 2017	0	1,491	43.87	3.09	$4,603
Jun 2017	0	1,435	42.49	3.09	$4,430
May 2017	0	1,541	45.37	3.26	$5,029
Apr 2017	0	1,663	47.93	3.21	$5,341
Mar 2017	0	1,596	46.77	2.98	$4,762
Feb 2017	0	1,432	50.45	2.95	$4,228
Jan 2017	0	1,617	49.41	3.42	$5,528
Dec 2016	0	1,686	48.76	3.72	$6,277
Nov 2016	0	1,817	42.49	2.64	$4,805
Oct 2016	0	2,159	46.19	3.09	$6,672
Sep 2016	0	1,783	41.55	3.10	$5,528
Aug 2016	0	2,022	41.44	2.92	$5,913
Jul 2016	0	1,997	41.62	2.92	$5,840
Jun 2016	0	1,945	45.35	2.69	$5,224
May 2016	0	2,091	42.52	1.99	$4,163
Apr 2016	0	2,115	36.56	1.99	$4,211
Mar 2016	0	2,200	33.01	1.79	$3,947
Feb 2016	0	2,076	26.47	2.06	$4,284
Jan 2016	0	2,345	27.35	2.36	$5,544
Dec 2015	0	2,552	32.36	2.00	$5,108
Nov 2015	0	2,340	38.79	2.17	$5,072
Oct 2015	0	2,254	43.55	2.43	$5,470
Sep 2015	0	2,216	42.99	2.76	$6,113
Aug 2015	0	2,374	40.16	2.87	$6,819
Jul 2015	0	2,287	48.15	2.95	$6,735
Jun 2015	0	2,226	56.15	2.88	$6,417
May 2015	0	2,298	55.21	2.96	$6,792
Apr 2015	0	2,338	49.82	2.71	$6,328
Mar 2015	0	2,401	42.89	2.93	$7,046
Feb 2015	0	2,186	44.66	2.98	$6,506
Jan 2015	0	2,406	43.43	3.10	$7,460
Dec 2014	0	2,500	54.69	3.59	$8,978
Nov 2014	0	2,378	70.46	4.25	$10,111
Oct 2014	0	2,453	78.30	3.90	$9,569
Sep 2014	0	2,349	86.16	4.05	$9,503
Aug 2014	0	2,279	89.39	4.04	$9,196
Jul 2014	0	2,345	96.56	4.18	$9,801
Jun 2014	0	2,317	98.16	4.74	$10,975
May 2014	0	2,399	94.73	4.73	$11,339
Apr 2014	0	2,269	95.94	4.81	$10,912
Mar 2014	0	2,453	95.89	5.06	$12,404
Feb 2014	0	2,245	97.40	6.19	$13,901
Jan 2014	0	2,436	90.40	4.86	$11,841
Dec 2013	0	2,454	91.82	4.35	$10,686
Nov 2013	0	2,404	88.85	3.74	$8,987
Oct 2013	0	2,587	97.42	3.78	$9,777
Sep 2013	0	2,465	104.11	3.72	$9,164
Aug 2013	0	2,678	104.25	3.52	$9,434
Jul 2013	0	2,698	102.52	3.72	$10,030
Jun 2013	0	2,586	94.40	3.93	$10,172
May 2013	0	2,640	94.83	4.15	$10,954
Apr 2013	0	2,642	93.96	4.28	$11,315
Mar 2013	0	2,812	93.62	3.91	$11,003
Feb 2013	0	2,587	91.23	3.42	$8,847
Jan 2013	0	2,721	91.60	3.42	$9,306
Dec 2012	0	2,835	86.77	3.42	$9,696
Nov 2012	0	2,674	86.95	3.62	$9,693
Oct 2012	0	2,843	89.38	3.40	$9,665
Sep 2012	0	2,928	94.67	2.92	$8,545
Aug 2012	0	3,002	92.66	2.91	$8,730
Jul 2012	31	3,018	85.13	3.02	$11,756
Jun 2012	15	2,817	79.82	2.52	$8,293
May 2012	84	3,027	91.61	2.49	$15,227
Apr 2012	44	2,951	101.65	2.00	$10,365
Mar 2012	23	2,880	105.05	2.22	$8,816
Feb 2012	21	2,746	101.10	2.57	$9,181
Jan 2012	12	2,881	98.09	2.73	$9,054
Dec 2011	1	3,215	96.87	3.24	$10,513
Nov 2011	1	2,518	95.72	3.31	$8,434
Oct 2011	0	2,968	84.98	3.65	$10,829
Sep 2011	2	3,003	83.62	3.99	$12,137
Aug 2011	1	3,052	83.40	4.15	$12,747
Jul 2011	2	3,242	94.14	4.52	$14,833
Jun 2011	2	3,340	92.90	4.64	$15,683
May 2011	2	2,164	98.13	4.40	$9,728
Apr 2011	7	3,017	105.96	4.33	$13,815
Mar 2011	11	3,538	96.36	4.06	$15,415
Feb 2011	6	2,700	85.64	4.18	$11,800
Jan 2011	6	3,662	86.50	4.59	$17,323
Dec 2010	2	3,219	85.73	4.35	$14,167
Nov 2010	15	3,351	80.84	3.80	$13,931
Oct 2010	4	3,600	78.10	3.51	$12,944
Sep 2010	12	3,453	72.63	3.98	$14,613
Aug 2010	8	4,081	73.68	4.42	$18,625
Jul 2010	3	3,028	72.55	4.74	$14,560
Jun 2010	11	3,668	70.36	4.91	$18,785
May 2010	9	3,875	71.12	4.24	$17,052
Apr 2010	4	3,494	81.69	4.12	$14,731
Mar 2010	9	3,890	78.39	4.39	$17,777
Feb 2010	10	3,569	73.58	5.44	$20,160
Jan 2010	10	4,026	74.36	5.96	$24,755
Dec 2009	9	4,079	71.44	5.48	$23,011
Nov 2009	7	4,047	74.59	3.75	$15,704
Oct 2009	9	4,255	72.54	4.11	$18,142
Sep 2009	14	4,275	65.54	3.06	$14,019
Aug 2009	8	4,239	67.42	3.22	$14,183
Jul 2009	10	4,917	61.13	3.46	$17,646
Jun 2009	11	4,951	66.16	3.90	$20,012
May 2009	11	5,082	54.74	3.93	$20,553
Apr 2009	10	4,677	46.77	3.59	$17,246
Mar 2009	14	5,566	42.14	4.06	$23,182
Feb 2009	12	5,158	32.81	4.63	$24,291
Jan 2009	11	5,265	35.86	5.37	$28,673
Dec 2008	17	5,839	37.10	5.98	$35,531
Nov 2008	12	5,855	55.49	6.86	$40,833
Oct 2008	12	6,275	75.24	6.92	$44,338
Sep 2008	14	5,567	101.76	7.88	$45,276
Aug 2008	16	6,062	114.22	8.48	$53,252
Jul 2008	18	6,260	131.08	11.39	$73,657
Jun 2008	20	6,302	131.33	13.03	$84,758
May 2008	22	6,695	123.17	11.57	$80,200
Apr 2008	22	6,575	110.31	10.45	$71,168
Mar 2008	19	6,191	101.90	9.66	$61,766
Feb 2008	8	5,467	92.53	8.77	$48,689
Jan 2008	6	5,718	90.38	8.21	$47,463
Dec 2007	7	5,787	88.33	7.30	$42,875
Nov 2007	8	5,853	91.67	7.29	$43,412
Oct 2007	6	6,112	82.85	6.92	$42,804
Sep 2007	2	6,084	75.84	6.24	$38,141
Aug 2007	1	6,401	69.06	6.39	$40,958
Jul 2007	1	6,596	70.90	6.39	$42,206
Jun 2007	0	6,591	62.00	7.55	$49,752
May 2007	7	6,912	58.74	7.85	$54,645
Apr 2007	11	6,849	59.61	7.81	$54,114
Mar 2007	12	7,329	56.92	7.30	$54,199
Feb 2007	15	6,793	55.10	8.22	$56,638
Jan 2007	13	7,646	50.30	6.73	$52,087
Dec 2006	12	7,712	56.65	6.92	$54,035
Nov 2006	16	7,664	54.20	7.62	$59,248
Oct 2006	16	8,277	54.90	6.01	$50,655
Sep 2006	26	8,393	60.08	5.04	$43,839
Aug 2006	26	8,837	68.71	7.34	$66,649
Jul 2006	19	9,258	69.37	6.34	$60,039
Jun 2006	14	8,823	66.28	6.38	$57,253
May 2006	0	10,056	66.01	6.42	$64,610
Apr 2006	0	10,274	64.39	7.36	$75,622
Mar 2006	0	11,145	56.70	7.08	$78,939
Feb 2006	0	10,724	57.59	7.75	$83,123
Jan 2006	0	12,996	60.59	8.93	$116,097
Dec 2005	0	13,386	54.94	13.42	$179,579
Nov 2005	0	13,032	54.69	10.59	$137,988
Oct 2005	0	15,588	58.34	13.80	$215,048
Sep 2005	0	17,253	61.45	12.08	$208,399
Aug 2005	0	20,316	61.51	9.80	$199,033
Jul 2005	0	24,861	55.69	7.84	$195,001
Jun 2005	0	30,415	52.33	7.38	$224,494
May 2005	0	37,118	45.22	6.65	$246,878
Apr 2005	0	15,181	49.20	7.36	$111,739
Mar 2005	0	4,046	50.37	7.15	$28,949
Feb 2005	0	0	45.22	6.31	$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.

Mar 2019 — as filed, then multipliedworked

Condensate             0 bbl  × $ 56.80 =         $0
Gas                1,632 Mcf  × $  3.06 =     $4,997

────────────────────────────────────────────────────
Month total                                   $4,997

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/210774 is the state's own key, not one this site invented.