MARKEY #1

Name: MARKEY #1 lease production and value, Mar 2006 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 220320District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$3.3 M

Mar 2006 – Aug 2020

Value, last 12 filed months

$6 k

at the published price for each month

Months reported

174

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	174701
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	931 bbl	$71,863
Gas	Production	557,926 Mcf	$3,241,513
Total			$3,313,376

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 32.0870, -94.7268. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.08697, -94.72685 · 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

10,945 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 10,945 ft.

Completions filed

Aug 2020

1 of 1 wells

1 well


42-40133783	4	10,945 ft	Aug 2020	—	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 (174)

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

174 months


Aug 2020	0	0	39.98	2.39	$0
Jul 2020	0	273	38.37	1.83	$498
Jun 2020	0	250	34.90	1.69	$423
May 2020	0	258	16.92	1.81	$468
Apr 2020	0	268	14.75	1.80	$484
Mar 2020	0	283	30.34	1.86	$525
Feb 2020	0	225	49.88	1.98	$446
Jan 2020	0	263	57.25	2.09	$551
Dec 2019	0	267	59.01	2.30	$615
Nov 2019	0	267	55.30	2.75	$734
Oct 2019	0	289	53.47	2.42	$699
Sep 2019	0	297	55.05	2.66	$789
Aug 2019	0	326	53.11	2.30	$751
Jul 2019	0	328	56.27	2.46	$807
Jun 2019	0	318	52.78	2.49	$792
May 2019	0	331	58.48	2.74	$907
Apr 2019	0	311	62.63	2.75	$855
Mar 2019	0	335	56.80	3.06	$1,026
Feb 2019	0	287	50.85	2.79	$801
Jan 2019	0	331	46.03	3.23	$1,069
Dec 2018	0	336	46.59	4.19	$1,406
Nov 2018	0	319	52.93	4.24	$1,352
Oct 2018	0	350	61.44	3.40	$1,189
Sep 2018	0	437	59.54	3.11	$1,358
Aug 2018	0	492	59.40	3.07	$1,509
Jul 2018	0	318	65.14	2.93	$932
Jun 2018	0	317	60.18	3.08	$975
May 2018	0	386	65.38	2.90	$1,120
Apr 2018	0	356	63.84	2.90	$1,033
Mar 2018	0	338	61.22	2.79	$942
Feb 2018	0	274	61.78	2.77	$758
Jan 2018	0	325	62.87	4.01	$1,303
Dec 2017	0	335	57.27	2.92	$979
Nov 2017	0	353	55.42	3.12	$1,101
Oct 2017	0	321	49.29	2.98	$958
Sep 2017	0	375	47.52	3.09	$1,158
Aug 2017	0	453	45.37	3.00	$1,361
Jul 2017	0	366	43.87	3.09	$1,130
Jun 2017	0	503	42.49	3.09	$1,553
May 2017	0	525	45.37	3.26	$1,713
Apr 2017	0	495	47.93	3.21	$1,590
Mar 2017	0	559	46.77	2.98	$1,668
Feb 2017	0	524	50.45	2.95	$1,547
Jan 2017	0	576	49.41	3.42	$1,969
Dec 2016	0	571	48.76	3.72	$2,126
Nov 2016	0	582	42.49	2.64	$1,539
Oct 2016	0	589	46.19	3.09	$1,820
Sep 2016	0	584	41.55	3.10	$1,811
Aug 2016	0	599	41.44	2.92	$1,752
Jul 2016	0	609	41.62	2.92	$1,781
Jun 2016	0	611	45.35	2.69	$1,641
May 2016	0	672	42.52	1.99	$1,338
Apr 2016	0	751	36.56	1.99	$1,495
Mar 2016	0	817	33.01	1.79	$1,466
Feb 2016	0	735	26.47	2.06	$1,517
Jan 2016	0	789	27.35	2.36	$1,865
Dec 2015	0	814	32.36	2.00	$1,629
Nov 2015	0	787	38.79	2.17	$1,706
Oct 2015	0	774	43.55	2.43	$1,878
Sep 2015	0	797	42.99	2.76	$2,198
Aug 2015	0	811	40.16	2.87	$2,330
Jul 2015	0	843	48.15	2.95	$2,483
Jun 2015	0	857	56.15	2.88	$2,471
May 2015	0	892	55.21	2.96	$2,636
Apr 2015	0	916	49.82	2.71	$2,479
Mar 2015	0	983	42.89	2.93	$2,885
Feb 2015	0	935	44.66	2.98	$2,783
Jan 2015	0	1,047	43.43	3.10	$3,246
Dec 2014	0	1,059	54.69	3.59	$3,803
Nov 2014	0	1,067	70.46	4.25	$4,537
Oct 2014	0	1,146	78.30	3.90	$4,471
Sep 2014	0	1,101	86.16	4.05	$4,454
Aug 2014	0	1,207	89.39	4.04	$4,870
Jul 2014	0	1,310	96.56	4.18	$5,475
Jun 2014	0	1,424	98.16	4.74	$6,745
May 2014	0	1,594	94.73	4.73	$7,534
Apr 2014	0	1,659	95.94	4.81	$7,978
Mar 2014	0	1,768	95.89	5.06	$8,940
Feb 2014	0	1,646	97.40	6.19	$10,192
Jan 2014	0	1,897	90.40	4.86	$9,221
Dec 2013	0	2,093	91.82	4.35	$9,114
Nov 2013	0	2,119	88.85	3.74	$7,921
Oct 2013	0	2,253	97.42	3.78	$8,515
Sep 2013	0	2,221	104.11	3.72	$8,257
Aug 2013	0	2,504	104.25	3.52	$8,821
Jul 2013	0	2,584	102.52	3.72	$9,607
Jun 2013	0	2,497	94.40	3.93	$9,822
May 2013	0	2,550	94.83	4.15	$10,580
Apr 2013	0	2,485	93.96	4.28	$10,642
Mar 2013	9	2,576	93.62	3.91	$10,922
Feb 2013	29	2,321	91.23	3.42	$10,583
Jan 2013	0	2,630	91.60	3.42	$8,994
Dec 2012	4	2,610	86.77	3.42	$9,274
Nov 2012	17	2,520	86.95	3.62	$10,613
Oct 2012	29	2,675	89.38	3.40	$11,686
Sep 2012	13	2,614	94.67	2.92	$8,859
Aug 2012	26	2,723	92.66	2.91	$10,328
Jul 2012	11	2,774	85.13	3.02	$9,316
Jun 2012	1	2,724	79.82	2.52	$6,942
May 2012	0	2,811	91.61	2.49	$6,995
Apr 2012	0	2,826	101.65	2.00	$5,643
Mar 2012	0	3,023	105.05	2.22	$6,717
Feb 2012	1	2,880	101.10	2.57	$7,503
Jan 2012	1	3,243	98.09	2.73	$8,965
Dec 2011	1	3,048	96.87	3.24	$9,972
Nov 2011	1	2,862	95.72	3.31	$9,573
Oct 2011	0	2,847	84.98	3.65	$10,387
Sep 2011	2	2,749	83.62	3.99	$11,124
Aug 2011	2	2,806	83.40	4.15	$11,810
Jul 2011	0	2,819	94.14	4.52	$12,734
Jun 2011	4	2,862	92.90	4.64	$13,651
May 2011	14	2,948	98.13	4.40	$14,359
Apr 2011	7	2,933	105.96	4.33	$13,451
Mar 2011	22	3,181	96.36	4.06	$15,026
Feb 2011	10	2,979	85.64	4.18	$13,309
Jan 2011	13	3,271	86.50	4.59	$16,134
Dec 2010	31	3,120	85.73	4.35	$16,223
Nov 2010	7	3,042	80.84	3.80	$12,111
Oct 2010	5	3,177	78.10	3.51	$11,538
Sep 2010	17	3,112	72.63	3.98	$13,619
Aug 2010	5	3,161	73.68	4.42	$14,338
Jul 2010	5	3,289	72.55	4.74	$15,941
Jun 2010	11	3,403	70.36	4.91	$17,484
May 2010	8	3,467	71.12	4.24	$15,252
Apr 2010	10	3,443	81.69	4.12	$15,011
Mar 2010	14	3,563	78.39	4.39	$16,734
Feb 2010	10	3,286	73.58	5.44	$18,619
Jan 2010	19	3,666	74.36	5.96	$23,277
Dec 2009	8	3,718	71.44	5.48	$20,960
Nov 2009	10	3,672	74.59	3.75	$14,521
Oct 2009	10	3,788	72.54	4.11	$16,295
Sep 2009	25	3,698	65.54	3.06	$12,972
Aug 2009	10	3,908	67.42	3.22	$13,252
Jul 2009	9	3,881	61.13	3.46	$13,996
Jun 2009	9	3,792	66.16	3.90	$15,365
May 2009	11	3,820	54.74	3.93	$15,599
Apr 2009	24	3,579	46.77	3.59	$13,962
Mar 2009	10	3,773	42.14	4.06	$15,736
Feb 2009	10	3,444	32.81	4.63	$16,284
Jan 2009	10	3,899	35.86	5.37	$21,300
Dec 2008	25	3,966	37.10	5.98	$24,633
Nov 2008	11	3,920	55.49	6.86	$27,503
Oct 2008	11	4,155	75.24	6.92	$29,588
Sep 2008	11	3,899	101.76	7.88	$31,832
Aug 2008	13	4,327	114.22	8.48	$38,191
Jul 2008	10	4,444	131.08	11.39	$51,925
Jun 2008	8	4,441	131.33	13.03	$58,929
May 2008	9	5,075	123.17	11.57	$59,848
Apr 2008	8	4,885	110.31	10.45	$51,954
Mar 2008	11	5,150	101.90	9.66	$50,891
Feb 2008	9	4,929	92.53	8.77	$44,063
Jan 2008	8	6,039	90.38	8.21	$50,277
Dec 2007	22	5,877	88.33	7.30	$44,857
Nov 2007	17	5,853	91.67	7.29	$44,237
Oct 2007	9	6,108	82.85	6.92	$43,025
Sep 2007	22	5,958	75.84	6.24	$38,871
Aug 2007	21	6,378	69.06	6.39	$42,193
Jul 2007	6	6,628	70.90	6.39	$42,765
Jun 2007	11	7,023	62.00	7.55	$53,695
May 2007	0	7,644	58.74	7.85	$59,977
Apr 2007	0	8,178	59.61	7.81	$63,831
Mar 2007	0	8,806	56.92	7.30	$64,301
Feb 2007	0	8,384	55.10	8.22	$68,883
Jan 2007	0	9,919	50.30	6.73	$66,724
Dec 2006	0	10,585	56.65	6.92	$73,232
Nov 2006	0	11,350	54.20	7.62	$86,458
Oct 2006	0	12,825	54.90	6.01	$77,127
Sep 2006	0	14,074	60.08	5.04	$70,894
Aug 2006	0	16,255	68.71	7.34	$119,310
Jul 2006	0	18,775	69.37	6.34	$119,085
Jun 2006	184	21,213	66.28	6.38	$147,617
May 2006	0	28,589	66.01	6.42	$183,684
Apr 2006	0	43,150	64.39	7.36	$317,605
Mar 2006	0	6,479	56.70	7.08	$45,890

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.

Jul 2020 — as filed, then multipliedworked

Condensate             0 bbl  × $ 38.37 =         $0
Gas                  273 Mcf  × $  1.83 =       $498

────────────────────────────────────────────────────
Month total                                     $498

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/220320 is the state's own key, not one this site invented.