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 196781District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.1 M
Jun 2003 – May 2026
Value, last 12 filed months
$75 k
at the published price for each month
Months reported
276
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
CondensateDisposition7,633 bbl$376,177
GasProduction1,126,762 Mcf$5,769,559
Total$6,145,737

Every month this lease reported (276)

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

276 months

May 202601,721106.413.05$5,242
Apr 202611,58798.932.87$4,653
Mar 2026381,70089.753.15$8,765
Feb 202601,53163.503.75$5,742
Jan 202601,53959.138.00$12,309
Dec 202501,56956.664.41$6,925
Nov 202501,49858.593.93$5,882
Oct 202501,61159.383.30$5,324
Sep 2025131,58362.743.08$5,686
Aug 202501,65663.933.01$4,992
Jul 202501,63266.743.32$5,410
Jun 202501,43766.483.13$4,496
May 2025171,46060.553.23$5,749
Apr 202501,60262.363.54$5,676
Mar 202501,65667.704.27$7,068
Feb 202501,85070.884.34$8,031
Jan 202501,75474.324.28$7,505
Dec 202401,71568.993.12$5,353
Nov 202401,53869.052.20$3,381
Oct 202401,67271.372.28$3,815
Sep 202401,51369.612.36$3,577
Aug 202401,78675.632.06$3,686
Jul 202401,44579.932.15$3,102
Jun 202401,80078.082.63$4,741
May 202402,03778.812.20$4,478
Apr 2024481,76484.451.66$6,980
Mar 202401,65480.301.55$2,556
Feb 2024098876.091.78$1,762
Jan 2024085273.023.30$2,810
Dec 202301,50571.262.61$3,929
Nov 202301,66677.892.81$4,677
Oct 2023053185.443.09$1,639
Sep 2023051489.042.74$1,406
Aug 2023052880.522.67$1,411
Jul 2023051474.852.64$1,358
Jun 202302,07668.962.26$4,689
May 202302,36070.622.23$5,257
Apr 202302,28478.122.24$5,111
Mar 202302,27172.852.39$5,435
Feb 2023072275.112.47$1,780
Jan 202302,25376.533.39$7,633
Dec 202201,54976.415.73$8,874
Nov 202202,30285.005.65$12,998
Oct 202202,50987.185.86$14,712
Sep 202202,44884.888.16$19,985
Aug 202202,59494.529.13$23,676
Jul 202202,670101.587.54$20,137
Jun 202202,495115.097.98$19,903
May 202202,550109.378.43$21,504
Apr 202202,348104.226.84$16,055
Mar 20220405108.885.08$2,056
Feb 202202,18291.054.86$10,602
Jan 202202,25681.844.54$10,237
Dec 202102,37071.323.90$9,241
Nov 202102,26977.435.24$11,882
Oct 202132,41079.795.71$14,010
Sep 2021312,40069.865.35$15,008
Aug 202102,55266.024.22$10,771
Jul 2021040570.783.98$1,613
Jun 202102,54169.493.38$8,590
May 202102,07563.483.02$6,262
Apr 202102,12460.362.76$5,859
Mar 202131,67261.302.72$4,727
Feb 20214033457.805.55$4,165
Jan 202101,74350.412.81$4,898
Dec 20200044.642.68$0
Nov 202001,85938.772.71$5,032
Oct 202002,07536.972.48$5,143
Sep 202002,03237.091.99$4,046
Aug 202002,11739.982.39$5,049
Jul 202012,22338.371.83$4,096
Jun 2020542,12734.901.69$5,480
May 202002,05016.921.81$3,720
Apr 202001,83914.751.80$3,318
Mar 202001,93630.341.86$3,594
Feb 202001,54749.881.98$3,064
Jan 202022,04457.252.09$4,396
Dec 2019231,70959.012.30$5,295
Nov 201901,80455.302.75$4,962
Oct 201912,15853.472.42$5,273
Sep 2019302,10955.052.66$7,256
Aug 201902,28853.112.30$5,272
Jul 201902,33456.272.46$5,742
Jun 201902,21252.782.49$5,511
May 201902,34658.482.74$6,429
Apr 201902,31062.632.75$6,354
Mar 201902,60356.803.06$7,971
Feb 201902,09050.852.79$5,836
Jan 201903,96546.033.23$12,800
Dec 20181022,10246.594.19$13,550
Nov 201802,18252.934.24$9,246
Oct 201802,48361.443.40$8,437
Sep 201802,53959.543.11$7,891
Aug 2018071459.403.07$2,190
Jul 201801,16465.142.93$3,413
Jun 201802,36860.183.08$7,286
May 201802,34865.382.90$6,811
Apr 201802,24963.842.90$6,524
Mar 201802,22261.222.79$6,192
Feb 2018097261.782.77$2,689
Jan 201801,89062.874.01$7,578
Dec 201703,84557.272.92$11,233
Nov 201703,87655.423.12$12,087
Oct 201704,16649.292.98$12,430
Sep 2017733,73047.523.09$14,985
Aug 201703,47845.373.00$10,449
Jul 201703,54943.873.09$10,957
Jun 201703,59442.493.09$11,096
May 201704,06345.373.26$13,259
Apr 201704,16247.933.21$13,367
Mar 201704,44646.772.98$13,265
Feb 201704,00550.452.95$11,825
Jan 2017704,80249.413.42$19,876
Dec 201604,33148.763.72$16,124
Nov 201603,99042.492.64$10,551
Oct 201604,27046.193.09$13,195
Sep 201604,13141.553.10$12,809
Aug 201604,39741.442.92$12,858
Jul 201604,40241.622.92$12,873
Jun 201604,13945.352.69$11,117
May 201604,20642.521.99$8,374
Apr 201604,03036.561.99$8,024
Mar 20161464,45233.011.79$12,806
Feb 201603,29626.472.06$6,802
Jan 2016344,15727.352.36$10,759
Dec 201504,19432.362.00$8,394
Nov 201504,07338.792.17$8,828
Oct 201504,65143.552.43$11,286
Sep 201504,14042.992.76$11,420
Aug 201504,57840.162.87$13,150
Jul 201504,71548.152.95$13,886
Jun 201503,99656.152.88$11,520
May 201503,49955.212.96$10,341
Apr 201503,50249.822.71$9,478
Mar 201503,60242.892.93$10,571
Feb 201503,39544.662.98$10,104
Jan 201503,87943.433.10$12,027
Dec 2014984,06854.693.59$19,969
Nov 201404,03170.464.25$17,139
Oct 201404,08778.303.90$15,943
Sep 201404,02286.164.05$16,271
Aug 201404,24389.394.04$17,121
Jul 201404,82496.564.18$20,162
Jun 20141544,84498.164.74$38,062
May 201405,54894.734.73$26,223
Apr 201405,69295.944.81$27,374
Mar 201404,90095.895.06$24,778
Feb 201404,42597.406.19$27,400
Jan 201405,63090.404.86$27,366
Dec 201305,05591.824.35$22,012
Nov 201303,86588.853.74$14,448
Oct 201304,57697.423.78$17,294
Sep 201304,385104.113.72$16,302
Aug 201306,518104.253.52$22,960
Jul 201304,452102.523.72$16,551
Jun 20131823,84694.403.93$32,309
May 201303,99294.834.15$16,563
Apr 201305,13893.964.28$22,004
Mar 201305,15993.623.91$20,187
Feb 201303,82191.233.42$13,067
Jan 201304,70491.603.42$16,087
Dec 201201,30986.773.42$4,477
Nov 201201,31586.953.62$4,767
Oct 201201,57589.383.40$5,355
Sep 201202,26794.672.92$6,616
Aug 201203,49792.662.91$10,170
Jul 201201,96385.133.02$5,930
Jun 201202,64779.822.52$6,668
May 2012182691.612.49$16,688
Apr 201201,145101.652.00$2,286
Mar 201203,240105.052.22$7,200
Feb 201202,765101.102.57$7,107
Jan 201202,90898.092.73$7,951
Dec 201103,03396.873.24$9,826
Nov 201103,05095.723.31$10,099
Oct 201103,26084.983.65$11,894
Sep 201103,15483.623.99$12,571
Aug 201103,22683.404.15$13,386
Jul 201103,15994.144.52$14,270
Jun 201103,10692.904.64$14,411
May 201103,24098.134.40$14,272
Apr 201103,112105.964.33$13,485
Mar 20111773,26896.364.06$30,315
Feb 201102,69085.644.18$11,244
Jan 201103,06886.504.59$14,078
Dec 201003,23285.734.35$14,052
Nov 201003,29580.843.80$12,506
Oct 201003,18678.103.51$11,179
Sep 201003,05372.633.98$12,149
Aug 201003,09173.684.42$13,660
Jul 201003,20172.554.74$15,162
Jun 20101873,49970.364.91$30,339
May 201003,60571.124.24$15,268
Apr 201002,92581.694.12$12,059
Mar 201002,95078.394.39$12,947
Feb 201003,62073.585.44$19,701
Jan 201002,75074.365.96$16,401
Dec 200903,46671.445.48$19,007
Nov 200903,41974.593.75$12,826
Oct 20091913,44872.544.11$28,027
Sep 200903,44965.543.06$10,570
Aug 200903,58167.423.22$11,525
Jul 200903,65361.133.46$12,656
Jun 200903,75366.163.90$14,618
May 200903754.743.93$145
Apr 200903,12746.773.59$11,218
Mar 200903,38442.144.06$13,736
Feb 20091933,22932.814.63$21,292
Jan 200903,13035.865.37$16,811
Dec 200802,99637.105.98$17,908
Nov 200802,88155.496.86$19,765
Oct 20081943,06875.246.92$35,833
Sep 200802,945101.767.88$23,198
Aug 200803,117114.228.48$26,442
Jul 200803,075131.0811.39$35,023
Jun 200803,639131.3313.03$47,426
May 200804,069123.1711.57$47,096
Apr 200804,501110.3110.45$47,057
Mar 200804,659101.909.66$45,025
Feb 200803,81192.538.77$33,425
Jan 200802,33890.388.21$19,185
Dec 200706,62788.337.30$48,390
Nov 200701,89191.677.29$13,789
Oct 200703,99382.856.92$27,639
Sep 200703,56475.846.24$22,254
Aug 200703,69169.066.39$23,578
Jul 200707,14570.906.39$45,642
Jun 200703,50562.007.55$26,457
May 20070058.747.85$0
Apr 2007070459.617.81$5,495
Mar 200703,76356.927.30$27,477
Feb 200704,89955.108.22$40,250
Jan 20070050.306.73$0
Dec 2006139356.656.92$7,895
Nov 20060054.207.62$0
Oct 200601,69954.906.01$10,217
Sep 200604,35160.085.04$21,917
Aug 200606,64568.717.34$48,774
Jul 20061826,37869.376.34$53,079
Jun 2006526,13066.286.38$42,580
May 200606,29866.016.42$40,465
Apr 2006406,09064.397.36$47,401
Mar 20061737,32256.707.08$61,670
Feb 200607,77557.597.75$60,265
Jan 20061936,73960.598.93$71,896
Dec 200506,56254.9413.42$88,032
Nov 20051937,37554.6910.59$88,645
Oct 200508,07958.3413.80$111,456
Sep 20051908,13861.4512.08$109,974
Aug 200508,62461.519.80$84,488
Jul 200508,65855.697.84$67,910
Jun 20051918,73452.337.38$74,461
May 200509,47245.226.65$63,000
Apr 20051969,23249.207.36$77,595
Mar 200518114,79450.377.15$114,966
Feb 2005013,45645.226.31$84,933
Jan 200519212,13943.166.32$85,032
Dec 200408,75839.866.75$59,126
Nov 200418010,89245.286.33$77,101
Oct 200418911,90049.706.52$86,923
Sep 200419211,95743.245.28$71,482
Aug 2004010,85542.375.55$60,252
Jul 200418411,26538.286.08$75,582
Jun 200418111,04336.106.43$77,574
May 2004011,65737.486.49$75,707
Apr 200418511,60234.475.86$74,347
Mar 2004012,24234.365.53$67,700
Feb 2004011,27132.455.51$62,099
Jan 200418011,83932.036.30$80,347
Dec 20031412,59730.266.30$20,632
Nov 200335519,91128.804.60$101,718
Oct 200337021,58428.174.76$113,155
Sep 200336223,27026.314.75$120,042
Aug 200335727,05929.765.13$149,429
Jul 200354733,11529.415.17$187,320
Jun 2003027,13228.565.98$162,330

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                1,721 Mcf  × $  3.05 =     $5,242

────────────────────────────────────────────────────
Month total                                   $5,242

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/196781 is the state's own key, not one this site invented.