MARKEY #1

Name: MARKEY #1 lease production and value, Nov 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 216493District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$5.9 M

Nov 2005 – Dec 2020

Value, last 12 filed months

$26 k

at the published price for each month

Months reported

182

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	2006-06-26	166649
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	1,292 bbl	$93,017
Gas	Production	934,391 Mcf	$5,807,480
Total			$5,900,497

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 32.0881, -94.7215. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.08808, -94.72153 · 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

10,950 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 10,950 ft.

Completions filed

Aug 2021

1 of 1 wells

1 well


42-40133622	7	10,950 ft	Aug 2021	—	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 (182)

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

182 months


Dec 2020	0	0	44.64	2.68	$0
Nov 2020	0	1,309	38.77	2.71	$3,543
Oct 2020	0	1,106	36.97	2.48	$2,741
Sep 2020	0	778	37.09	1.99	$1,549
Aug 2020	0	837	39.98	2.39	$1,996
Jul 2020	0	767	38.37	1.83	$1,400
Jun 2020	0	914	34.90	1.69	$1,545
May 2020	0	1,193	16.92	1.81	$2,165
Apr 2020	0	1,381	14.75	1.80	$2,492
Mar 2020	0	1,496	30.34	1.86	$2,777
Feb 2020	0	1,305	49.88	1.98	$2,585
Jan 2020	0	1,500	57.25	2.09	$3,142
Dec 2019	0	1,464	59.01	2.30	$3,374
Nov 2019	0	1,567	55.30	2.75	$4,310
Oct 2019	0	1,417	53.47	2.42	$3,427
Sep 2019	0	1,557	55.05	2.66	$4,137
Aug 2019	0	1,776	53.11	2.30	$4,093
Jul 2019	0	1,736	56.27	2.46	$4,271
Jun 2019	0	1,682	52.78	2.49	$4,190
May 2019	0	1,693	58.48	2.74	$4,639
Apr 2019	0	1,661	62.63	2.75	$4,569
Mar 2019	0	1,572	56.80	3.06	$4,814
Feb 2019	0	1,626	50.85	2.79	$4,540
Jan 2019	0	1,783	46.03	3.23	$5,756
Dec 2018	0	1,677	46.59	4.19	$7,019
Nov 2018	0	1,403	52.93	4.24	$5,945
Oct 2018	0	1,721	61.44	3.40	$5,848
Sep 2018	0	1,278	59.54	3.11	$3,972
Aug 2018	0	1,575	59.40	3.07	$4,830
Jul 2018	0	1,815	65.14	2.93	$5,321
Jun 2018	0	1,773	60.18	3.08	$5,455
May 2018	0	1,856	65.38	2.90	$5,384
Apr 2018	0	1,789	63.84	2.90	$5,190
Mar 2018	0	1,944	61.22	2.79	$5,418
Feb 2018	0	1,705	61.78	2.77	$4,716
Jan 2018	0	2,222	62.87	4.01	$8,909
Dec 2017	0	1,916	57.27	2.92	$5,598
Nov 2017	0	2,146	55.42	3.12	$6,692
Oct 2017	0	2,745	49.29	2.98	$8,190
Sep 2017	0	2,861	47.52	3.09	$8,833
Aug 2017	0	3,332	45.37	3.00	$10,011
Jul 2017	0	4,599	43.87	3.09	$14,198
Jun 2017	0	1,543	42.49	3.09	$4,764
May 2017	0	1,370	45.37	3.26	$4,471
Apr 2017	0	1,321	47.93	3.21	$4,243
Mar 2017	0	1,354	46.77	2.98	$4,040
Feb 2017	0	1,276	50.45	2.95	$3,768
Jan 2017	0	1,441	49.41	3.42	$4,926
Dec 2016	0	1,503	48.76	3.72	$5,595
Nov 2016	0	1,524	42.49	2.64	$4,030
Oct 2016	0	1,681	46.19	3.09	$5,195
Sep 2016	0	1,677	41.55	3.10	$5,200
Aug 2016	0	1,750	41.44	2.92	$5,118
Jul 2016	0	1,833	41.62	2.92	$5,360
Jun 2016	0	1,754	45.35	2.69	$4,711
May 2016	0	1,964	42.52	1.99	$3,910
Apr 2016	0	1,966	36.56	1.99	$3,914
Mar 2016	0	2,176	33.01	1.79	$3,904
Feb 2016	0	2,493	26.47	2.06	$5,145
Jan 2016	0	2,937	27.35	2.36	$6,944
Dec 2015	0	3,104	32.36	2.00	$6,212
Nov 2015	0	2,855	38.79	2.17	$6,188
Oct 2015	0	3,291	43.55	2.43	$7,986
Sep 2015	0	3,698	42.99	2.76	$10,201
Aug 2015	0	3,339	40.16	2.87	$9,591
Jul 2015	0	3,404	48.15	2.95	$10,025
Jun 2015	0	3,245	56.15	2.88	$9,355
May 2015	0	3,337	55.21	2.96	$9,862
Apr 2015	0	3,296	49.82	2.71	$8,921
Mar 2015	0	3,298	42.89	2.93	$9,679
Feb 2015	0	2,672	44.66	2.98	$7,952
Jan 2015	0	3,239	43.43	3.10	$10,043
Dec 2014	0	3,302	54.69	3.59	$11,859
Nov 2014	0	3,199	70.46	4.25	$13,602
Oct 2014	0	3,275	78.30	3.90	$12,776
Sep 2014	0	3,055	86.16	4.05	$12,359
Aug 2014	0	2,924	89.39	4.04	$11,799
Jul 2014	0	2,748	96.56	4.18	$11,486
Jun 2014	0	2,628	98.16	4.74	$12,449
May 2014	0	2,695	94.73	4.73	$12,738
Apr 2014	0	2,711	95.94	4.81	$13,038
Mar 2014	0	2,866	95.89	5.06	$14,493
Feb 2014	0	2,496	97.40	6.19	$15,455
Jan 2014	0	2,802	90.40	4.86	$13,620
Dec 2013	0	2,818	91.82	4.35	$12,271
Nov 2013	0	2,802	88.85	3.74	$10,475
Oct 2013	0	2,779	97.42	3.78	$10,503
Sep 2013	0	2,629	104.11	3.72	$9,774
Aug 2013	0	3,184	104.25	3.52	$11,216
Jul 2013	0	3,313	102.52	3.72	$12,317
Jun 2013	0	3,145	94.40	3.93	$12,371
May 2013	1	3,217	94.83	4.15	$13,442
Apr 2013	8	3,083	93.96	4.28	$13,955
Mar 2013	0	3,123	93.62	3.91	$12,220
Feb 2013	0	2,822	91.23	3.42	$9,651
Jan 2013	0	3,202	91.60	3.42	$10,951
Dec 2012	0	3,234	86.77	3.42	$11,061
Nov 2012	0	3,105	86.95	3.62	$11,256
Oct 2012	0	3,257	89.38	3.40	$11,073
Sep 2012	0	3,177	94.67	2.92	$9,272
Aug 2012	0	3,309	92.66	2.91	$9,623
Jul 2012	0	3,361	85.13	3.02	$10,153
Jun 2012	0	3,295	79.82	2.52	$8,300
May 2012	10	3,448	91.61	2.49	$9,496
Apr 2012	12	3,251	101.65	2.00	$7,711
Mar 2012	0	3,462	105.05	2.22	$7,693
Feb 2012	0	3,469	101.10	2.57	$8,916
Jan 2012	0	3,873	98.09	2.73	$10,589
Dec 2011	1	4,075	96.87	3.24	$13,299
Nov 2011	35	4,094	95.72	3.31	$16,907
Oct 2011	0	4,330	84.98	3.65	$15,798
Sep 2011	1	4,177	83.62	3.99	$16,732
Aug 2011	7	4,314	83.40	4.15	$18,484
Jul 2011	3	4,341	94.14	4.52	$19,892
Jun 2011	18	3,816	92.90	4.64	$19,378
May 2011	6	4,131	98.13	4.40	$18,785
Apr 2011	22	4,105	105.96	4.33	$20,119
Mar 2011	16	4,190	96.36	4.06	$18,542
Feb 2011	16	3,746	85.64	4.18	$17,028
Jan 2011	13	4,203	86.50	4.59	$20,411
Dec 2010	11	4,290	85.73	4.35	$19,595
Nov 2010	2	4,018	80.84	3.80	$15,411
Oct 2010	5	4,290	78.10	3.51	$15,444
Sep 2010	5	4,999	72.63	3.98	$20,257
Aug 2010	12	4,481	73.68	4.42	$20,687
Jul 2010	0	5,150	72.55	4.74	$24,393
Jun 2010	1	4,944	70.36	4.91	$24,347
May 2010	1	4,562	71.12	4.24	$19,392
Apr 2010	3	4,564	81.69	4.12	$19,061
Mar 2010	1	4,796	78.39	4.39	$21,126
Feb 2010	4	4,298	73.58	5.44	$23,686
Jan 2010	12	4,830	74.36	5.96	$29,699
Dec 2009	9	4,803	71.44	5.48	$26,981
Nov 2009	3	4,737	74.59	3.75	$17,995
Oct 2009	3	4,845	72.54	4.11	$20,132
Sep 2009	10	4,573	65.54	3.06	$14,671
Aug 2009	11	4,956	67.42	3.22	$16,693
Jul 2009	13	4,856	61.13	3.46	$17,618
Jun 2009	10	4,819	66.16	3.90	$19,432
May 2009	1	5,166	54.74	3.93	$20,335
Apr 2009	8	4,800	46.77	3.59	$17,594
Mar 2009	10	5,641	42.14	4.06	$23,318
Feb 2009	2	4,690	32.81	4.63	$21,794
Jan 2009	12	5,874	35.86	5.37	$31,980
Dec 2008	23	5,904	37.10	5.98	$36,142
Nov 2008	25	5,795	55.49	6.86	$41,143
Oct 2008	14	5,682	75.24	6.92	$40,384
Sep 2008	17	5,517	101.76	7.88	$45,188
Aug 2008	15	6,088	114.22	8.48	$53,358
Jul 2008	12	6,113	131.08	11.39	$71,197
Jun 2008	13	6,157	131.33	13.03	$81,949
May 2008	13	6,541	123.17	11.57	$77,309
Apr 2008	11	6,461	110.31	10.45	$68,762
Mar 2008	13	6,934	101.90	9.66	$68,335
Feb 2008	20	6,788	92.53	8.77	$61,385
Jan 2008	8	7,238	90.38	8.21	$60,116
Dec 2007	12	7,573	88.33	7.30	$56,358
Nov 2007	7	7,648	91.67	7.29	$56,409
Oct 2007	24	8,159	82.85	6.92	$58,465
Sep 2007	20	7,982	75.84	6.24	$51,358
Aug 2007	31	8,592	69.06	6.39	$57,026
Jul 2007	12	8,967	70.90	6.39	$58,131
Jun 2007	10	9,267	62.00	7.55	$70,571
May 2007	15	9,564	58.74	7.85	$75,923
Apr 2007	20	9,972	59.61	7.81	$79,026
Mar 2007	18	10,897	56.92	7.30	$80,594
Feb 2007	22	10,190	55.10	8.22	$84,933
Jan 2007	28	11,742	50.30	6.73	$80,395
Dec 2006	13	12,376	56.65	6.92	$86,359
Nov 2006	25	12,665	54.20	7.62	$97,830
Oct 2006	32	14,156	54.90	6.01	$86,888
Sep 2006	182	14,891	60.08	5.04	$85,944
Aug 2006	45	16,251	68.71	7.34	$122,373
Jul 2006	33	17,822	69.37	6.34	$115,330
Jun 2006	228	18,031	66.28	6.38	$130,220
May 2006	0	21,248	66.01	6.42	$136,518
Apr 2006	0	22,528	64.39	7.36	$165,817
Mar 2006	0	26,776	56.70	7.08	$189,652
Feb 2006	0	30,684	57.59	7.75	$237,835
Jan 2006	13	41,747	60.59	8.93	$373,727
Dec 2005	0	56,676	54.94	13.42	$760,331
Nov 2005	0	26,388	54.69	10.59	$279,407

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.

Nov 2020 — as filed, then multipliedworked

Condensate             0 bbl  × $ 38.77 =         $0
Gas                1,309 Mcf  × $  2.71 =     $3,543

────────────────────────────────────────────────────
Month total                                   $3,543

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/216493 is the state's own key, not one this site invented.