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 220433District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$4.1 M

Mar 2006 – Sep 2023

Value, last 12 filed months

$37 k

at the published price for each month

Months reported

211

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	174700
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	3,036 bbl	$194,640
Gas	Production	752,748 Mcf	$3,911,526
Total			$4,106,166

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 32.0848, -94.7209. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.08478, -94.72089 · 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

100.0%

1 of 1 wells

Median depth

10,950 ft

1 wells filed one

Completion to plug

17.6 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 10,950 ft.

Completions filed

Mar 2006

1 of 1 wells

Plug dates filed

Oct 2023

1 of 1 wells

Last completion to plug: a median of 17.6 years across the 1 well that filed both dates, with the middle half between 17.6 years and 17.6 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well


42-40133837	9	10,950 ft	Mar 2006	Oct 2023	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 (211)

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

211 months


Sep 2023	0	1,294	89.04	2.74	$3,539
Aug 2023	0	597	80.52	2.67	$1,596
Jul 2023	0	623	74.85	2.64	$1,646
Jun 2023	0	597	68.96	2.26	$1,348
May 2023	0	739	70.62	2.23	$1,646
Apr 2023	0	686	78.12	2.24	$1,535
Mar 2023	0	805	72.85	2.39	$1,926
Feb 2023	0	815	75.11	2.47	$2,010
Jan 2023	0	1,060	76.53	3.39	$3,591
Dec 2022	0	1,054	76.41	5.73	$6,038
Nov 2022	0	1,111	85.00	5.65	$6,273
Oct 2022	0	971	87.18	5.86	$5,694
Sep 2022	0	1,042	84.88	8.16	$8,507
Aug 2022	0	1,196	94.52	9.13	$10,916
Jul 2022	0	1,336	101.58	7.54	$10,076
Jun 2022	0	1,462	115.09	7.98	$11,663
May 2022	25	1,585	109.37	8.43	$16,101
Apr 2022	0	1,874	104.22	6.84	$12,814
Mar 2022	0	2,348	108.88	5.08	$11,919
Feb 2022	0	2,031	91.05	4.86	$9,868
Jan 2022	0	2,309	81.84	4.54	$10,478
Dec 2021	0	1,952	71.32	3.90	$7,611
Nov 2021	0	1,748	77.43	5.24	$9,154
Oct 2021	0	1,400	79.79	5.71	$7,999
Sep 2021	0	1,345	69.86	5.35	$7,197
Aug 2021	0	1,618	66.02	4.22	$6,829
Jul 2021	0	1,519	70.78	3.98	$6,049
Jun 2021	0	1,422	69.49	3.38	$4,807
May 2021	0	1,599	63.48	3.02	$4,825
Apr 2021	0	1,699	60.36	2.76	$4,687
Mar 2021	0	1,252	61.30	2.72	$3,402
Feb 2021	0	1,344	57.80	5.55	$7,456
Jan 2021	0	2,479	50.41	2.81	$6,967
Dec 2020	0	1,873	44.64	2.68	$5,011
Nov 2020	0	1,186	38.77	2.71	$3,210
Oct 2020	0	1,563	36.97	2.48	$3,874
Sep 2020	0	1,469	37.09	1.99	$2,925
Aug 2020	0	1,710	39.98	2.39	$4,079
Jul 2020	0	1,800	38.37	1.83	$3,285
Jun 2020	0	1,730	34.90	1.69	$2,924
May 2020	0	1,798	16.92	1.81	$3,263
Apr 2020	0	1,889	14.75	1.80	$3,408
Mar 2020	0	2,224	30.34	1.86	$4,128
Feb 2020	0	1,837	49.88	1.98	$3,638
Jan 2020	0	1,971	57.25	2.09	$4,129
Dec 2019	0	1,994	59.01	2.30	$4,595
Nov 2019	0	1,720	55.30	2.75	$4,731
Oct 2019	0	1,701	53.47	2.42	$4,114
Sep 2019	0	1,576	55.05	2.66	$4,188
Aug 2019	0	2,055	53.11	2.30	$4,735
Jul 2019	0	1,933	56.27	2.46	$4,755
Jun 2019	0	1,790	52.78	2.49	$4,459
May 2019	0	1,748	58.48	2.74	$4,790
Apr 2019	0	1,594	62.63	2.75	$4,385
Mar 2019	0	1,449	56.80	3.06	$4,437
Feb 2019	0	1,272	50.85	2.79	$3,552
Jan 2019	0	1,023	46.03	3.23	$3,302
Dec 2018	0	1,557	46.59	4.19	$6,517
Nov 2018	0	1,584	52.93	4.24	$6,712
Oct 2018	0	1,719	61.44	3.40	$5,841
Sep 2018	0	1,988	59.54	3.11	$6,179
Aug 2018	0	1,948	59.40	3.07	$5,974
Jul 2018	0	1,912	65.14	2.93	$5,606
Jun 2018	0	1,828	60.18	3.08	$5,625
May 2018	0	1,893	65.38	2.90	$5,491
Apr 2018	0	1,582	63.84	2.90	$4,589
Mar 2018	0	1,713	61.22	2.79	$4,774
Feb 2018	0	1,521	61.78	2.77	$4,207
Jan 2018	0	1,430	62.87	4.01	$5,733
Dec 2017	0	1,877	57.27	2.92	$5,484
Nov 2017	0	1,727	55.42	3.12	$5,385
Oct 2017	0	1,905	49.29	2.98	$5,684
Sep 2017	0	1,741	47.52	3.09	$5,375
Aug 2017	0	1,814	45.37	3.00	$5,450
Jul 2017	0	1,864	43.87	3.09	$5,755
Jun 2017	0	1,822	42.49	3.09	$5,625
May 2017	0	1,754	45.37	3.26	$5,724
Apr 2017	0	1,645	47.93	3.21	$5,283
Mar 2017	0	1,803	46.77	2.98	$5,380
Feb 2017	0	1,659	50.45	2.95	$4,898
Jan 2017	48	1,913	49.41	3.42	$8,912
Dec 2016	51	2,076	48.76	3.72	$10,215
Nov 2016	205	2,118	42.49	2.64	$14,311
Oct 2016	74	2,153	46.19	3.09	$10,071
Sep 2016	80	2,079	41.55	3.10	$9,770
Aug 2016	59	2,107	41.44	2.92	$8,607
Jul 2016	56	2,213	41.62	2.92	$8,802
Jun 2016	66	2,224	45.35	2.69	$8,966
May 2016	48	2,234	42.52	1.99	$6,489
Apr 2016	51	2,403	36.56	1.99	$6,649
Mar 2016	87	2,429	33.01	1.79	$7,230
Feb 2016	77	2,201	26.47	2.06	$6,580
Jan 2016	69	2,512	27.35	2.36	$7,826
Dec 2015	31	2,796	32.36	2.00	$6,599
Nov 2015	22	2,728	38.79	2.17	$6,766
Oct 2015	14	3,171	43.55	2.43	$8,304
Sep 2015	11	2,961	42.99	2.76	$8,641
Aug 2015	16	3,002	40.16	2.87	$9,266
Jul 2015	14	2,798	48.15	2.95	$8,914
Jun 2015	13	2,480	56.15	2.88	$7,879
May 2015	16	2,753	55.21	2.96	$9,020
Apr 2015	18	2,976	49.82	2.71	$8,952
Mar 2015	23	2,706	42.89	2.93	$8,928
Feb 2015	22	2,553	44.66	2.98	$8,581
Jan 2015	23	2,739	43.43	3.10	$9,492
Dec 2014	34	2,594	54.69	3.59	$11,175
Nov 2014	69	2,601	70.46	4.25	$15,921
Oct 2014	71	2,780	78.30	3.90	$16,404
Sep 2014	59	2,749	86.16	4.05	$16,204
Aug 2014	78	2,999	89.39	4.04	$19,074
Jul 2014	63	3,301	96.56	4.18	$19,880
Jun 2014	85	2,670	98.16	4.74	$20,991
May 2014	110	2,599	94.73	4.73	$22,705
Apr 2014	47	2,307	95.94	4.81	$15,604
Mar 2014	0	908	95.89	5.06	$4,592
Feb 2014	0	1,918	97.40	6.19	$11,876
Jan 2014	0	1,797	90.40	4.86	$8,735
Dec 2013	0	2,091	91.82	4.35	$9,105
Nov 2013	0	1,992	88.85	3.74	$7,447
Oct 2013	0	2,107	97.42	3.78	$7,963
Sep 2013	0	2,084	104.11	3.72	$7,748
Aug 2013	0	2,411	104.25	3.52	$8,493
Jul 2013	0	2,472	102.52	3.72	$9,190
Jun 2013	0	2,365	94.40	3.93	$9,303
May 2013	0	2,423	94.83	4.15	$10,053
Apr 2013	0	2,414	93.96	4.28	$10,338
Mar 2013	0	2,452	93.62	3.91	$9,594
Feb 2013	0	2,225	91.23	3.42	$7,609
Jan 2013	0	2,537	91.60	3.42	$8,676
Dec 2012	0	2,518	86.77	3.42	$8,612
Nov 2012	0	2,524	86.95	3.62	$9,149
Oct 2012	0	2,752	89.38	3.40	$9,356
Sep 2012	0	2,724	94.67	2.92	$7,950
Aug 2012	0	2,595	92.66	2.91	$7,547
Jul 2012	0	2,505	85.13	3.02	$7,567
Jun 2012	0	2,481	79.82	2.52	$6,250
May 2012	0	2,547	91.61	2.49	$6,338
Apr 2012	0	2,526	101.65	2.00	$5,044
Mar 2012	0	2,775	105.05	2.22	$6,166
Feb 2012	0	2,828	101.10	2.57	$7,269
Jan 2012	0	3,010	98.09	2.73	$8,230
Dec 2011	1	2,957	96.87	3.24	$9,677
Nov 2011	210	2,729	95.72	3.31	$29,138
Oct 2011	0	2,859	84.98	3.65	$10,431
Sep 2011	1	2,866	83.62	3.99	$11,507
Aug 2011	0	3,102	83.40	4.15	$12,871
Jul 2011	1	3,201	94.14	4.52	$14,554
Jun 2011	2	3,460	92.90	4.64	$16,240
May 2011	8	3,399	98.13	4.40	$15,757
Apr 2011	10	3,819	105.96	4.33	$17,608
Mar 2011	20	4,016	96.36	4.06	$18,221
Feb 2011	6	3,496	85.64	4.18	$15,127
Jan 2011	12	4,039	86.50	4.59	$19,572
Dec 2010	24	4,057	85.73	4.35	$19,696
Nov 2010	5	3,849	80.84	3.80	$15,012
Oct 2010	5	4,202	78.10	3.51	$15,135
Sep 2010	21	4,257	72.63	3.98	$18,466
Aug 2010	8	4,438	73.68	4.42	$20,203
Jul 2010	5	4,594	72.55	4.74	$22,122
Jun 2010	11	4,425	70.36	4.91	$22,502
May 2010	9	4,682	71.12	4.24	$20,469
Apr 2010	6	4,458	81.69	4.12	$18,869
Mar 2010	14	4,867	78.39	4.39	$22,457
Feb 2010	19	4,455	73.58	5.44	$25,644
Jan 2010	36	4,951	74.36	5.96	$32,205
Dec 2009	15	5,047	71.44	5.48	$28,748
Nov 2009	12	4,983	74.59	3.75	$19,589
Oct 2009	11	5,136	72.54	4.11	$21,908
Sep 2009	32	5,029	65.54	3.06	$17,510
Aug 2009	10	5,352	67.42	3.22	$17,900
Jul 2009	13	5,341	61.13	3.46	$19,299
Jun 2009	16	5,295	66.16	3.90	$21,683
May 2009	15	5,311	54.74	3.93	$21,671
Apr 2009	35	5,192	46.77	3.59	$20,263
Mar 2009	21	5,482	42.14	4.06	$23,136
Feb 2009	14	4,864	32.81	4.63	$22,994
Jan 2009	22	5,427	35.86	5.37	$29,937
Dec 2008	47	5,103	37.10	5.98	$32,245
Nov 2008	20	4,818	55.49	6.86	$34,163
Oct 2008	18	4,646	75.24	6.92	$33,514
Sep 2008	10	4,378	101.76	7.88	$35,504
Aug 2008	16	4,851	114.22	8.48	$42,979
Jul 2008	11	4,790	131.08	11.39	$55,997
Jun 2008	12	4,669	131.33	13.03	$62,425
May 2008	13	4,855	123.17	11.57	$57,794
Apr 2008	10	4,824	110.31	10.45	$51,537
Mar 2008	9	5,014	101.90	9.66	$49,373
Feb 2008	9	5,284	92.53	8.77	$47,177
Jan 2008	15	5,667	90.38	8.21	$47,858
Dec 2007	17	5,670	88.33	7.30	$42,904
Nov 2007	10	5,956	91.67	7.29	$44,346
Oct 2007	3	6,350	82.85	6.92	$44,203
Sep 2007	11	6,460	75.84	6.24	$41,172
Aug 2007	10	6,968	69.06	6.39	$45,202
Jul 2007	2	7,335	70.90	6.39	$46,997
Jun 2007	7	7,445	62.00	7.55	$56,632
May 2007	8	7,968	58.74	7.85	$62,989
Apr 2007	8	7,974	59.61	7.81	$62,716
Mar 2007	10	8,804	56.92	7.30	$64,856
Feb 2007	13	8,525	55.10	8.22	$70,758
Jan 2007	11	10,030	50.30	6.73	$68,024
Dec 2006	13	10,738	56.65	6.92	$75,027
Nov 2006	18	11,130	54.20	7.62	$85,758
Oct 2006	24	12,559	54.90	6.01	$76,845
Sep 2006	44	13,479	60.08	5.04	$70,540
Aug 2006	43	15,325	68.71	7.34	$115,439
Jul 2006	45	17,910	69.37	6.34	$116,720
Jun 2006	64	20,408	66.28	6.38	$134,524
May 2006	0	29,637	66.01	6.42	$190,418
Apr 2006	0	39,717	64.39	7.36	$292,336
Mar 2006	0	815	56.70	7.08	$5,773

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.

Sep 2023 — as filed, then multipliedworked

Condensate             0 bbl  × $ 89.04 =         $0
Gas                1,294 Mcf  × $  2.74 =     $3,539

────────────────────────────────────────────────────
Month total                                   $3,539

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/220433 is the state's own key, not one this site invented.