VEALE RANCH

Operated by BKV BARNETT, LLC (P-5 72504) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 195378District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.7 M
Sep 2002 – May 2026
Value, last 12 filed months
$74 k
at the published price for each month
Months reported
285
no gaps in the span
Streams
2
condensate, gas

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 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
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 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

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.

StreamBasisVolumeValue
CondensateDisposition5,926 bbl$314,083
GasProduction1,120,371 Mcf$6,347,740
Total$6,661,822

Every month this lease reported (285)

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

285 months

May 202601,653106.413.05$5,035
Apr 202601,82798.932.87$5,243
Mar 202601,48689.753.15$4,680
Feb 2026085463.503.75$3,203
Jan 2026090359.138.00$7,222
Dec 202501,81956.664.41$8,028
Nov 202502,36858.593.93$9,298
Oct 202501,91059.383.30$6,312
Sep 202502,45262.743.08$7,545
Aug 202502,35663.933.01$7,103
Jul 202501,93766.743.32$6,422
Jun 202501,32266.483.13$4,136
May 202501,64660.553.23$5,320
Apr 202501,50962.363.54$5,347
Mar 202501,65567.704.27$7,064
Feb 202501,25570.884.34$5,448
Jan 202501,86874.324.28$7,993
Dec 202401,39768.993.12$4,361
Nov 202401,47169.052.20$3,234
Oct 202401,48871.372.28$3,395
Sep 202401,37269.612.36$3,244
Aug 202402,10875.632.06$4,350
Jul 202401,09579.932.15$2,351
Jun 2024099878.082.63$2,629
May 202402,23778.812.20$4,918
Apr 202402,11784.451.66$3,513
Mar 202401,37880.301.55$2,129
Feb 202401,04176.091.78$1,857
Jan 2024036473.023.30$1,200
Dec 2023095671.262.61$2,496
Nov 2023059077.892.81$1,656
Oct 2023010185.443.09$312
Sep 2023023689.042.74$645
Aug 202301,40280.522.67$3,747
Jul 2023062774.852.64$1,656
Jun 2023074568.962.26$1,683
May 202301,21070.622.23$2,695
Apr 2023096878.122.24$2,166
Mar 2023042472.852.39$1,015
Feb 2023028975.112.47$713
Jan 20230076.533.39$0
Dec 2022010176.415.73$579
Nov 2022039085.005.65$2,202
Oct 2022049987.185.86$2,926
Sep 2022056484.888.16$4,604
Aug 2022073494.529.13$6,699
Jul 20220863101.587.54$6,509
Jun 20220871115.097.98$6,948
May 202201,012109.378.43$8,534
Apr 20220884104.226.84$6,044
Mar 20220821108.885.08$4,168
Feb 2022097691.054.86$4,742
Jan 2022073481.844.54$3,331
Dec 202101,08971.323.90$4,246
Nov 2021093477.435.24$4,891
Oct 202101,12379.795.71$6,417
Sep 202101,09769.865.35$5,870
Aug 202101,16466.024.22$4,913
Jul 202101,30770.783.98$5,205
Jun 202101,19169.493.38$4,026
May 202101,59663.483.02$4,816
Apr 202101,33260.362.76$3,674
Mar 202101,27361.302.72$3,459
Feb 2021086257.805.55$4,782
Jan 202101,03350.412.81$2,903
Dec 2020090244.642.68$2,413
Nov 2020047038.772.71$1,272
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200734.901.69$12
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20163341.442.92$133
Jul 201660341.622.92$2,506
Jun 20160045.352.69$0
May 201601,39542.521.99$2,778
Apr 201603,98836.561.99$7,940
Mar 201604,80233.011.79$8,615
Feb 201604,31626.472.06$8,907
Jan 201604,59227.352.36$10,857
Dec 201504,20832.362.00$8,422
Nov 20151933,69838.792.17$15,501
Oct 201505,30243.552.43$12,866
Sep 201505,14942.992.76$14,203
Aug 201506,24940.162.87$17,950
Jul 201504,23848.152.95$12,481
Jun 201505,16356.152.88$14,884
May 201505,43755.212.96$16,069
Apr 201505,29649.822.71$14,334
Mar 201504,78942.892.93$14,054
Feb 201503,27544.662.98$9,747
Jan 201503,05043.433.10$9,457
Dec 201403,24054.693.59$11,636
Nov 201403,20770.464.25$13,636
Oct 201403,78078.303.90$14,746
Sep 201402,47686.164.05$10,017
Aug 201402,36189.394.04$9,527
Jul 201403,29396.564.18$13,763
Jun 201401,71998.164.74$8,143
May 201402,68894.734.73$12,705
Apr 201404,19395.944.81$20,165
Mar 201403,49295.895.06$17,658
Feb 201403,10197.406.19$19,201
Jan 201403,08190.404.86$14,976
Dec 201303,68391.824.35$16,038
Nov 201303,28588.853.74$12,280
Oct 201303,38897.423.78$12,804
Sep 201303,442104.113.72$12,796
Aug 201303,217104.253.52$11,332
Jul 201303,763102.523.72$13,990
Jun 20131903,07294.403.93$30,019
May 201303,05394.834.15$12,667
Apr 201303,39193.964.28$14,522
Mar 201304,94293.623.91$19,337
Feb 201303,70291.233.42$12,661
Jan 201304,17591.603.42$14,278
Dec 201204,30586.773.42$14,724
Nov 201202,06786.953.62$7,493
Oct 201201,87689.383.40$6,378
Sep 201203,86194.672.92$11,268
Aug 201205,76792.662.91$16,771
Jul 201205,50085.133.02$16,614
Jun 201206,55779.822.52$16,517
May 201205,57291.612.49$13,865
Apr 201205,449101.652.00$10,881
Mar 201206,269105.052.22$13,930
Feb 201205,133101.102.57$13,193
Jan 20121995,65398.092.73$34,976
Dec 201106,50496.873.24$21,071
Nov 201106,25895.723.31$20,722
Oct 201105,89984.983.65$21,523
Sep 201104,87083.623.99$19,411
Aug 201103,92283.404.15$16,274
Jul 201104,03894.144.52$18,241
Jun 201103,91792.904.64$18,174
May 201103,96898.134.40$17,478
Apr 201102,756105.964.33$11,943
Mar 201102,64496.364.06$10,728
Feb 201103,38685.644.18$14,153
Jan 201104,08686.504.59$18,750
Dec 201003,33785.734.35$14,508
Nov 201003,06180.843.80$11,618
Oct 201003,05778.103.51$10,727
Sep 201003,18472.633.98$12,671
Aug 201002,99373.684.42$13,227
Jul 201004,39172.554.74$20,798
Jun 201002,97770.364.91$14,618
May 201004,10971.124.24$17,403
Apr 201002,30781.694.12$9,511
Mar 201001,25978.394.39$5,525
Feb 20101978,41673.585.44$60,298
Jan 201007,70974.365.96$45,977
Dec 200909,85771.445.48$54,053
Nov 200909,39474.593.75$35,242
Oct 2009010,06272.544.11$41,357
Sep 20091949,50265.543.06$41,836
Aug 200909,37667.423.22$30,177
Jul 200908,83061.133.46$30,592
Jun 2009010,32366.163.90$40,208
May 200902654.743.93$102
Apr 200905,46046.773.59$19,588
Mar 200906,42342.144.06$26,071
Feb 20091975,31232.814.63$31,074
Jan 200906,94535.865.37$37,302
Dec 200803,67937.105.98$21,990
Nov 200805,85855.496.86$40,188
Oct 200804,18275.246.92$28,948
Sep 200806,094101.767.88$48,003
Aug 200806,193114.228.48$52,535
Jul 200804,848131.0811.39$55,216
Jun 20081875,023131.3313.03$90,022
May 200805,883123.1711.57$68,092
Apr 200805,754110.3110.45$60,157
Mar 200806,225101.909.66$60,159
Feb 200807,13392.538.77$62,561
Jan 200806,03290.388.21$49,497
Dec 200705,81588.337.30$42,461
Nov 20071786,02391.677.29$60,235
Oct 200705,82482.856.92$40,314
Sep 200705,45075.846.24$34,031
Aug 200705,62269.066.39$35,913
Jul 200704,88070.906.39$31,173
Jun 200706,76762.007.55$51,080
May 200706,62058.747.85$51,942
Apr 20071818,09859.617.81$73,996
Mar 200719213,94856.927.30$112,777
Feb 2007014,31455.108.22$117,604
Jan 2007016,19550.306.73$108,941
Dec 200605,21156.656.92$36,052
Nov 200603,71254.207.62$28,276
Oct 200601,34654.906.01$8,095
Sep 20061887,24560.085.04$47,790
Aug 200609,28968.717.34$68,181
Jul 2006010,00769.376.34$63,472
Jun 20061759,40166.286.38$71,614
May 20065110,03166.016.42$67,816
Apr 200609,69164.397.36$71,330
Mar 200619310,02556.707.08$81,949
Feb 200607,81557.597.75$60,575
Jan 20061969,91260.598.93$100,423
Dec 200509,36454.9413.42$125,622
Nov 20051638,84154.6910.59$102,527
Oct 2005010,16858.3413.80$140,275
Sep 20051769,30461.4512.08$123,198
Aug 200507,96461.519.80$78,022
Jul 200509,91355.697.84$77,754
Jun 200520010,22952.337.38$85,967
May 200517710,19545.226.65$75,813
Apr 2005010,53149.207.36$77,513
Mar 2005011,98750.377.15$85,766
Feb 20051879,00245.226.31$65,276
Jan 200519710,65743.166.32$75,878
Dec 2004010,64039.866.75$71,831
Nov 200409,51245.286.33$60,215
Oct 200408,11949.706.52$52,896
Sep 20041808,85843.245.28$54,588
Aug 2004011,36442.375.55$63,078
Jul 200417712,19438.286.08$80,966
Jun 200418011,44936.106.43$80,150
May 2004012,83937.486.49$83,384
Apr 2004013,98434.475.86$81,925
Mar 2004016,15334.365.53$89,328
Feb 2004018,35732.455.51$101,140
Jan 20041942,82332.036.30$23,998
Dec 20032278,28130.266.30$59,053
Nov 200308,69328.804.60$39,946
Oct 20031909,53328.174.76$50,726
Sep 200308,96626.314.75$42,583
Aug 20031789,50529.765.13$54,055
Jul 2003010,02329.415.17$51,827
Jun 200318410,01028.565.98$65,144
May 2003011,31826.595.97$67,599
Apr 2003168026.675.41$4,481
Mar 200318413,40431.146.10$87,441
Feb 2003015,66633.487.93$124,167
Jan 200319019,85330.315.58$116,579
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,653 Mcf  × $  3.05 =     $5,035

────────────────────────────────────────────────────
Month total                                   $5,035

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. 09/G/195378 is the state's own key, not one this site invented.