MARKEY #1

Name: MARKEY #1 lease production and value, Apr 2007 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by SABINE ENERGY INC. (P-5 103925) 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 228969District 06Field 617921112 tax incentive programmesCondensateGasSave Export

Value, all time

$4.6 M

Apr 2007 – May 2026

Value, last 12 filed months

$24 k

at the published price for each month

Months reported

230

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	2007-08-28	176720
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	3,850 bbl	$280,566
Gas	Production	845,847 Mcf	$4,354,279
Total			$4,634,845

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 32.0819, -94.7253. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.08187, -94.72527 · 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

0.0%

0 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

00.0%

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.

1100.0%

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

Apr 2007

1 of 1 wells

1 well


42-40133838	5	10,950 ft	Apr 2007	—	—

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 (230)

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

230 months


May 2026	0	535	106.41	3.05	$1,630
Apr 2026	0	507	98.93	2.87	$1,455
Mar 2026	0	552	89.75	3.15	$1,738
Feb 2026	0	510	63.50	3.75	$1,913
Jan 2026	0	576	59.13	8.00	$4,607
Dec 2025	0	581	56.66	4.41	$2,564
Nov 2025	0	563	58.59	3.93	$2,211
Oct 2025	0	498	59.38	3.30	$1,646
Sep 2025	0	453	62.74	3.08	$1,394
Aug 2025	0	459	63.93	3.01	$1,384
Jul 2025	0	482	66.74	3.32	$1,598
Jun 2025	0	503	66.48	3.13	$1,574
May 2025	0	582	60.55	3.23	$1,881
Apr 2025	0	825	62.36	3.54	$2,923
Mar 2025	0	675	67.70	4.27	$2,881
Feb 2025	0	650	70.88	4.34	$2,822
Jan 2025	0	690	74.32	4.28	$2,952
Dec 2024	0	660	68.99	3.12	$2,060
Nov 2024	0	612	69.05	2.20	$1,345
Oct 2024	0	616	71.37	2.28	$1,405
Sep 2024	0	629	69.61	2.36	$1,487
Aug 2024	0	640	75.63	2.06	$1,321
Jul 2024	0	677	79.93	2.15	$1,453
Jun 2024	0	721	78.08	2.63	$1,899
May 2024	0	788	78.81	2.20	$1,732
Apr 2024	0	778	84.45	1.66	$1,291
Mar 2024	0	787	80.30	1.55	$1,216
Feb 2024	0	752	76.09	1.78	$1,341
Jan 2024	0	806	73.02	3.30	$2,658
Dec 2023	0	897	71.26	2.61	$2,342
Nov 2023	0	824	77.89	2.81	$2,313
Oct 2023	0	904	85.44	3.09	$2,791
Sep 2023	0	996	89.04	2.74	$2,724
Aug 2023	0	906	80.52	2.67	$2,422
Jul 2023	0	1,101	74.85	2.64	$2,909
Jun 2023	0	343	68.96	2.26	$775
May 2023	0	1,415	70.62	2.23	$3,152
Apr 2023	0	1,547	78.12	2.24	$3,462
Mar 2023	0	1,537	72.85	2.39	$3,678
Feb 2023	0	1,446	75.11	2.47	$3,565
Jan 2023	0	1,855	76.53	3.39	$6,284
Dec 2022	0	1,600	76.41	5.73	$9,167
Nov 2022	0	1,378	85.00	5.65	$7,780
Oct 2022	0	1,215	87.18	5.86	$7,124
Sep 2022	0	1,471	84.88	8.16	$12,009
Aug 2022	0	1,512	94.52	9.13	$13,800
Jul 2022	0	1,638	101.58	7.54	$12,354
Jun 2022	0	1,480	115.09	7.98	$11,806
May 2022	0	1,538	109.37	8.43	$12,970
Apr 2022	0	1,576	104.22	6.84	$10,776
Mar 2022	0	1,543	108.88	5.08	$7,833
Feb 2022	0	1,582	91.05	4.86	$7,687
Jan 2022	0	1,388	81.84	4.54	$6,298
Dec 2021	0	1,565	71.32	3.90	$6,102
Nov 2021	0	1,534	77.43	5.24	$8,033
Oct 2021	0	1,289	79.79	5.71	$7,365
Sep 2021	0	1,256	69.86	5.35	$6,721
Aug 2021	0	1,383	66.02	4.22	$5,837
Jul 2021	0	1,388	70.78	3.98	$5,527
Jun 2021	0	1,041	69.49	3.38	$3,519
May 2021	0	1,565	63.48	3.02	$4,723
Apr 2021	0	1,616	60.36	2.76	$4,458
Mar 2021	0	1,800	61.30	2.72	$4,890
Feb 2021	0	1,681	57.80	5.55	$9,326
Jan 2021	0	1,508	50.41	2.81	$4,238
Dec 2020	0	1,962	44.64	2.68	$5,249
Nov 2020	0	1,907	38.77	2.71	$5,161
Oct 2020	0	2,016	36.97	2.48	$4,997
Sep 2020	0	1,773	37.09	1.99	$3,530
Aug 2020	0	1,914	39.98	2.39	$4,565
Jul 2020	0	1,925	38.37	1.83	$3,513
Jun 2020	0	1,710	34.90	1.69	$2,890
May 2020	0	1,824	16.92	1.81	$3,310
Apr 2020	0	2,014	14.75	1.80	$3,634
Mar 2020	0	2,519	30.34	1.86	$4,676
Feb 2020	0	1,666	49.88	1.98	$3,300
Jan 2020	0	1,655	57.25	2.09	$3,467
Dec 2019	0	1,814	59.01	2.30	$4,180
Nov 2019	0	1,620	55.30	2.75	$4,456
Oct 2019	0	1,552	53.47	2.42	$3,754
Sep 2019	0	1,492	55.05	2.66	$3,965
Aug 2019	0	1,502	53.11	2.30	$3,461
Jul 2019	0	1,433	56.27	2.46	$3,525
Jun 2019	0	1,586	52.78	2.49	$3,951
May 2019	0	1,836	58.48	2.74	$5,031
Apr 2019	0	1,812	62.63	2.75	$4,984
Mar 2019	0	1,873	56.80	3.06	$5,735
Feb 2019	0	1,880	50.85	2.79	$5,249
Jan 2019	0	2,034	46.03	3.23	$6,566
Dec 2018	0	2,099	46.59	4.19	$8,785
Nov 2018	0	1,836	52.93	4.24	$7,780
Oct 2018	0	1,729	61.44	3.40	$5,875
Sep 2018	0	1,660	59.54	3.11	$5,159
Aug 2018	0	1,785	59.40	3.07	$5,474
Jul 2018	0	1,645	65.14	2.93	$4,823
Jun 2018	0	1,545	60.18	3.08	$4,754
May 2018	0	1,601	65.38	2.90	$4,644
Apr 2018	0	1,852	63.84	2.90	$5,372
Mar 2018	0	2,289	61.22	2.79	$6,379
Feb 2018	0	2,037	61.78	2.77	$5,635
Jan 2018	0	2,394	62.87	4.01	$9,598
Dec 2017	0	2,490	57.27	2.92	$7,275
Nov 2017	0	2,722	55.42	3.12	$8,488
Oct 2017	0	1,928	49.29	2.98	$5,753
Sep 2017	0	2,009	47.52	3.09	$6,202
Aug 2017	0	1,757	45.37	3.00	$5,279
Jul 2017	0	1,914	43.87	3.09	$5,909
Jun 2017	0	2,127	42.49	3.09	$6,567
May 2017	0	2,131	45.37	3.26	$6,954
Apr 2017	0	2,183	47.93	3.21	$7,011
Mar 2017	0	2,304	46.77	2.98	$6,874
Feb 2017	0	2,037	50.45	2.95	$6,014
Jan 2017	25	2,494	49.41	3.42	$9,762
Dec 2016	28	2,669	48.76	3.72	$11,302
Nov 2016	58	2,575	42.49	2.64	$9,274
Oct 2016	77	2,472	46.19	3.09	$11,196
Sep 2016	80	2,415	41.55	3.10	$10,812
Aug 2016	59	2,458	41.44	2.92	$9,633
Jul 2016	56	2,516	41.62	2.92	$9,688
Jun 2016	67	2,374	45.35	2.69	$9,415
May 2016	50	2,638	42.52	1.99	$7,378
Apr 2016	52	2,668	36.56	1.99	$7,213
Mar 2016	87	2,692	33.01	1.79	$7,701
Feb 2016	77	2,564	26.47	2.06	$7,329
Jan 2016	69	2,722	27.35	2.36	$8,323
Dec 2015	31	2,724	32.36	2.00	$6,455
Nov 2015	23	2,664	38.79	2.17	$6,666
Oct 2015	14	2,911	43.55	2.43	$7,673
Sep 2015	11	2,667	42.99	2.76	$7,830
Aug 2015	16	2,938	40.16	2.87	$9,082
Jul 2015	14	2,892	48.15	2.95	$9,191
Jun 2015	13	2,862	56.15	2.88	$8,981
May 2015	16	2,877	55.21	2.96	$9,386
Apr 2015	18	3,015	49.82	2.71	$9,057
Mar 2015	21	3,148	42.89	2.93	$10,139
Feb 2015	18	2,801	44.66	2.98	$9,140
Jan 2015	14	3,067	43.43	3.10	$10,118
Dec 2014	9	3,120	54.69	3.59	$11,697
Nov 2014	13	3,127	70.46	4.25	$14,211
Oct 2014	13	3,262	78.30	3.90	$13,743
Sep 2014	11	3,298	86.16	4.05	$14,290
Aug 2014	14	3,197	89.39	4.04	$14,152
Jul 2014	12	3,251	96.56	4.18	$14,747
Jun 2014	17	3,060	98.16	4.74	$16,164
May 2014	22	3,271	94.73	4.73	$17,545
Apr 2014	15	3,159	95.94	4.81	$16,631
Mar 2014	19	3,371	95.89	5.06	$18,868
Feb 2014	10	2,945	97.40	6.19	$19,209
Jan 2014	24	3,164	90.40	4.86	$17,549
Dec 2013	20	3,323	91.82	4.35	$16,306
Nov 2013	23	3,304	88.85	3.74	$14,395
Oct 2013	16	3,377	97.42	3.78	$14,322
Sep 2013	7	3,317	104.11	3.72	$13,061
Aug 2013	9	3,645	104.25	3.52	$13,778
Jul 2013	15	3,711	102.52	3.72	$15,334
Jun 2013	12	3,623	94.40	3.93	$15,384
May 2013	20	3,719	94.83	4.15	$17,327
Apr 2013	61	3,601	93.96	4.28	$21,153
Mar 2013	23	3,772	93.62	3.91	$16,913
Feb 2013	66	3,473	91.23	3.42	$17,899
Jan 2013	38	3,882	91.60	3.42	$16,757
Dec 2012	21	3,860	86.77	3.42	$15,024
Nov 2012	46	3,892	86.95	3.62	$18,108
Oct 2012	65	4,012	89.38	3.40	$19,449
Sep 2012	33	3,788	94.67	2.92	$14,179
Aug 2012	100	3,953	92.66	2.91	$20,762
Jul 2012	56	3,961	85.13	3.02	$16,733
Jun 2012	31	4,010	79.82	2.52	$12,576
May 2012	156	4,239	91.61	2.49	$24,839
Apr 2012	144	4,226	101.65	2.00	$23,076
Mar 2012	185	4,290	105.05	2.22	$28,967
Feb 2012	96	3,926	101.10	2.57	$19,796
Jan 2012	11	4,114	98.09	2.73	$12,327
Dec 2011	10	4,059	96.87	3.24	$14,119
Nov 2011	1	4,152	95.72	3.31	$13,844
Oct 2011	0	4,454	84.98	3.65	$16,251
Sep 2011	14	4,426	83.62	3.99	$18,812
Aug 2011	8	4,533	83.40	4.15	$19,476
Jul 2011	19	4,637	94.14	4.52	$22,735
Jun 2011	10	4,467	92.90	4.64	$21,655
May 2011	31	4,558	98.13	4.40	$23,119
Apr 2011	10	4,446	105.96	4.33	$20,325
Mar 2011	22	4,536	96.36	4.06	$20,524
Feb 2011	9	4,085	85.64	4.18	$17,846
Jan 2011	9	4,653	86.50	4.59	$22,130
Dec 2010	25	4,770	85.73	4.35	$22,882
Nov 2010	9	4,895	80.84	3.80	$19,306
Oct 2010	7	5,096	78.10	3.51	$18,428
Sep 2010	28	5,014	72.63	3.98	$21,987
Aug 2010	9	5,269	73.68	4.42	$23,949
Jul 2010	5	5,207	72.55	4.74	$25,026
Jun 2010	10	5,239	70.36	4.91	$26,429
May 2010	9	5,541	71.12	4.24	$24,107
Apr 2010	13	5,658	81.69	4.12	$24,388
Mar 2010	18	5,827	78.39	4.39	$26,984
Feb 2010	12	5,124	73.58	5.44	$28,770
Jan 2010	37	5,998	74.36	5.96	$38,524
Dec 2009	13	6,177	71.44	5.48	$34,802
Nov 2009	14	6,316	74.59	3.75	$24,739
Oct 2009	14	6,547	72.54	4.11	$27,925
Sep 2009	40	6,412	65.54	3.06	$22,273
Aug 2009	11	6,648	67.42	3.22	$22,138
Jul 2009	12	6,581	61.13	3.46	$23,533
Jun 2009	12	6,343	66.16	3.90	$25,500
May 2009	12	6,716	54.74	3.93	$27,022
Apr 2009	30	6,496	46.77	3.59	$24,708
Mar 2009	13	6,998	42.14	4.06	$28,953
Feb 2009	15	6,625	32.81	4.63	$31,186
Jan 2009	19	7,567	35.86	5.37	$41,324
Dec 2008	49	7,713	37.10	5.98	$47,920
Nov 2008	15	7,311	55.49	6.86	$50,988
Oct 2008	13	7,761	75.24	6.92	$54,700
Sep 2008	16	7,485	101.76	7.88	$60,588
Aug 2008	20	8,450	114.22	8.48	$73,966
Jul 2008	18	7,609	131.08	11.39	$89,022
Jun 2008	14	8,476	131.33	13.03	$112,303
May 2008	14	9,434	123.17	11.57	$110,916
Apr 2008	17	9,732	110.31	10.45	$103,622
Mar 2008	22	10,901	101.90	9.66	$107,590
Feb 2008	19	10,884	92.53	8.77	$97,217
Jan 2008	45	12,242	90.38	8.21	$104,522
Dec 2007	52	12,585	88.33	7.30	$96,488
Nov 2007	45	13,957	91.67	7.29	$105,895
Oct 2007	19	14,622	82.85	6.92	$102,787
Sep 2007	65	16,446	75.84	6.24	$107,621
Aug 2007	74	19,109	69.06	6.39	$127,178
Jul 2007	26	22,741	70.90	6.39	$147,112
Jun 2007	60	27,947	62.00	7.55	$214,677
May 2007	132	44,121	58.74	7.85	$353,939
Apr 2007	158	16,367	59.61	7.81	$137,166

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.

May 2026 — as filed, then multipliedworked

Condensate             0 bbl  × $106.41 =         $0
Gas                  535 Mcf  × $  3.05 =     $1,630

────────────────────────────────────────────────────
Month total                                   $1,630

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/228969 is the state's own key, not one this site invented.