TWO-O-FIVE

Operated by UPP OPERATING, LLC (P-5 875310) 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 199137District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.3 M
Dec 2003 – May 2026
Value, last 12 filed months
$149 k
at the published price for each month
Months reported
270
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
CondensateDisposition4,205 bbl$246,722
GasProduction1,584,189 Mcf$8,099,279
Total$8,346,001

Every month this lease reported (270)

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

270 months

May 202603,262106.413.05$9,936
Apr 202613,11198.932.87$9,027
Mar 202603,28289.753.15$10,336
Feb 202603,03763.503.75$11,390
Jan 202603,71059.138.00$29,672
Dec 202503,32356.664.41$14,666
Nov 202503,09158.593.93$12,137
Oct 202503,25259.383.30$10,747
Sep 202503,13262.743.08$9,637
Aug 202503,27663.933.01$9,876
Jul 202503,34466.743.32$11,086
Jun 202503,26666.483.13$10,218
May 202503,27760.553.23$10,592
Apr 202503,25662.363.54$11,536
Mar 202503,64667.704.27$15,562
Feb 202503,31870.884.34$14,403
Jan 202503,53974.324.28$15,142
Dec 202403,62468.993.12$11,312
Nov 202403,27069.052.20$7,189
Oct 202403,37971.372.28$7,709
Sep 202403,41569.612.36$8,074
Aug 202403,66575.632.06$7,563
Jul 202403,62179.932.15$7,773
Jun 202403,47678.082.63$9,156
May 202403,75978.812.20$8,264
Apr 202403,64084.451.66$6,039
Mar 20241673,72180.301.55$19,160
Feb 202403,54676.091.78$6,325
Jan 202403,78273.023.30$12,472
Dec 202303,82271.262.61$9,978
Nov 202303,72777.892.81$10,464
Oct 202303,86485.443.09$11,929
Sep 202303,83789.042.74$10,494
Aug 202303,56680.522.67$9,531
Jul 202303,73174.852.64$9,857
Jun 202303,62168.962.26$8,178
May 202303,73270.622.23$8,313
Apr 202303,63778.122.24$8,139
Mar 202303,78672.852.39$9,061
Feb 202303,42575.112.47$8,445
Jan 202303,88076.533.39$13,144
Dec 202203,85576.415.73$22,086
Nov 202203,81085.005.65$21,512
Oct 202203,95487.185.86$23,185
Sep 202203,86884.888.16$31,577
Aug 202203,92594.529.13$35,824
Jul 202204,028101.587.54$30,380
Jun 202203,895115.097.98$31,071
May 202204,023109.378.43$33,926
Apr 202203,913104.226.84$26,756
Mar 202204,012108.885.08$20,367
Feb 202203,64891.054.86$17,725
Jan 202204,05581.844.54$18,400
Dec 202104,10271.323.90$15,994
Nov 202103,95277.435.24$20,696
Oct 202104,13279.795.71$23,610
Sep 202104,06369.865.35$21,741
Aug 202104,32866.024.22$18,267
Jul 202104,26370.783.98$16,976
Jun 202104,02669.493.38$13,610
May 202104,12863.483.02$12,457
Apr 202103,93760.362.76$10,860
Mar 202104,26661.302.72$11,590
Feb 202103,05557.805.55$16,949
Jan 202104,18250.412.81$11,753
Dec 202004,20044.642.68$11,237
Nov 202004,10038.772.71$11,097
Oct 202004,29236.972.48$10,637
Sep 202004,17537.091.99$8,313
Aug 202004,28739.982.39$10,225
Jul 202004,31138.371.83$7,868
Jun 202004,18434.901.69$7,072
May 202004,38316.921.81$7,954
Apr 202004,28314.751.80$7,728
Mar 202004,34530.341.86$8,065
Feb 202003,80849.881.98$7,542
Jan 202004,24657.252.09$8,894
Dec 201904,09859.012.30$9,443
Nov 201904,11255.302.75$11,311
Oct 201914,31253.472.42$10,482
Sep 201904,15855.052.66$11,049
Aug 201904,36953.112.30$10,068
Jul 201904,41756.272.46$10,866
Jun 201904,34052.782.49$10,812
May 201914,49158.482.74$12,365
Apr 201914,37762.632.75$12,102
Mar 201914,53556.803.06$13,943
Feb 201904,08550.852.79$11,406
Jan 201914,57746.033.23$14,821
Dec 201824,56146.594.19$19,183
Nov 201814,47352.934.24$19,006
Oct 201814,64461.443.40$15,842
Sep 20181094,33159.543.11$19,951
Aug 201804,51259.403.07$13,836
Jul 201814,50665.142.93$13,276
Jun 201804,52260.183.08$13,914
May 201814,72865.382.90$13,780
Apr 201814,60563.842.90$13,422
Mar 201814,77261.222.79$13,360
Feb 201814,30061.782.77$11,956
Jan 201814,68762.874.01$18,855
Dec 201714,75257.272.92$13,940
Nov 201714,64555.423.12$14,540
Oct 201714,80149.292.98$14,374
Sep 201714,78547.523.09$14,820
Aug 201705,14245.373.00$15,449
Jul 201715,25143.873.09$16,255
Jun 201715,05942.493.09$15,661
May 201705,19845.373.26$16,963
Apr 201705,13747.933.21$16,498
Mar 201715,33446.772.98$15,962
Feb 201704,89050.452.95$14,438
Jan 201705,46849.413.42$18,694
Dec 201605,31448.763.72$19,783
Nov 201604,98242.492.64$13,174
Oct 201605,34546.193.09$16,517
Sep 201605,43641.553.10$16,855
Aug 201605,59641.442.92$16,365
Jul 201605,56941.622.92$16,286
Jun 201605,22445.352.69$14,031
May 201605,45842.521.99$10,867
Apr 201605,33736.561.99$10,626
Mar 201605,59133.011.79$10,030
Feb 20161555,26726.472.06$14,972
Jan 201605,62027.352.36$13,288
Dec 201505,64432.362.00$11,296
Nov 201505,55138.792.17$12,031
Oct 201505,67243.552.43$13,764
Sep 201505,28242.992.76$14,570
Aug 201505,53740.162.87$15,905
Jul 201505,50348.152.95$16,207
Jun 201505,40656.152.88$15,585
May 201505,83255.212.96$17,236
Apr 201505,66949.822.71$15,344
Mar 201505,74342.892.93$16,854
Feb 201505,11544.662.98$15,223
Jan 201505,63443.433.10$17,469
Dec 201405,77454.693.59$20,737
Nov 201405,47570.464.25$23,279
Oct 201405,78678.303.90$22,571
Sep 201405,58686.164.05$22,598
Aug 201405,11689.394.04$20,644
Jul 201405,07296.564.18$21,199
Jun 201404,96398.164.74$23,509
May 201405,18194.734.73$24,488
Apr 201404,97195.944.81$23,906
Mar 201405,15895.895.06$26,083
Feb 201404,64797.406.19$28,774
Jan 201405,24390.404.86$25,485
Dec 201304,91391.824.35$21,394
Nov 201304,20888.853.74$15,731
Oct 201304,99497.423.78$18,874
Sep 201305,142104.113.72$19,117
Aug 201304,783104.253.52$16,849
Jul 20134964,980102.523.72$69,364
Jun 201305,01594.403.93$19,726
May 201305,18594.834.15$21,513
Apr 201305,13693.964.28$21,995
Mar 201305,25093.623.91$20,543
Feb 201304,98491.233.42$17,045
Jan 201305,63091.603.42$19,254
Dec 201204,28486.773.42$14,652
Nov 201205,20386.953.62$18,861
Oct 201205,44089.383.40$18,494
Sep 201205,21794.672.92$15,225
Aug 201205,38492.662.91$15,658
Jul 201205,53185.133.02$16,708
Jun 201204,70879.822.52$11,860
May 201204,90891.612.49$12,213
Apr 201204,818101.652.00$9,621
Mar 201204,952105.052.22$11,004
Feb 201204,839101.102.57$12,437
Jan 201204,98898.092.73$13,638
Dec 201105,46896.873.24$17,715
Nov 201105,17295.723.31$17,126
Oct 201105,02884.983.65$18,345
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 201101,44294.144.52$6,514
Jun 20110092.904.64$0
May 201101,61798.134.40$7,123
Apr 201104,150105.964.33$17,983
Mar 201104,10996.364.06$16,672
Feb 201103,47085.644.18$14,505
Jan 201103,78386.504.59$17,359
Dec 201003,67085.734.35$15,956
Nov 201003,22580.843.80$12,240
Oct 201001,78078.103.51$6,246
Sep 20100672.633.98$24
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 201004,37578.394.39$19,200
Feb 201008,26873.585.44$44,997
Jan 20101979,03074.365.96$68,505
Dec 200907,72471.445.48$42,356
Nov 200907,67574.593.75$28,793
Oct 200908,13972.544.11$33,453
Sep 200908,03665.543.06$24,628
Aug 200908,25767.423.22$26,575
Jul 200908,57561.133.46$29,708
Jun 200908,47266.163.90$32,998
May 200908,62854.743.93$33,871
Apr 200907,58846.773.59$27,222
Mar 200908,96342.144.06$36,381
Feb 200907,92532.814.63$36,717
Jan 200908,23835.865.37$44,246
Dec 200807,54837.105.98$45,115
Nov 20082727,63655.496.86$67,479
Oct 20081837,20575.246.92$63,642
Sep 200806,449101.767.88$50,799
Aug 200807,377114.228.48$62,579
Jul 200807,880131.0811.39$89,749
Jun 200808,224131.3313.03$107,180
May 200807,121123.1711.57$82,421
Apr 200807,242110.3110.45$75,714
Mar 200807,759101.909.66$74,984
Feb 200805,64592.538.77$49,510
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 200702,98769.066.39$19,081
Jul 200703,97870.906.39$25,411
Jun 200705,32662.007.55$40,203
May 200705,85358.747.85$45,924
Apr 200705,18959.617.81$40,501
Mar 200706,18556.927.30$45,163
Feb 200706,21155.108.22$51,030
Jan 200708,59650.306.73$57,824
Dec 20062328,57156.656.92$72,441
Nov 200607,62554.207.62$58,083
Oct 200609,01254.906.01$54,196
Sep 2006010,57860.085.04$53,284
Aug 200619410,64068.717.34$91,426
Jul 2006610,39569.376.34$66,349
Jun 2006010,14266.286.38$64,745
May 2006011,11266.016.42$71,395
Apr 20062011,28064.397.36$84,314
Mar 2006011,67656.707.08$82,700
Feb 200619710,84257.597.75$95,383
Jan 2006012,62660.598.93$112,792
Dec 2005012,52054.9413.42$167,961
Nov 2005012,84054.6910.59$135,955
Oct 200519813,16958.3413.80$193,228
Sep 2005012,54961.4512.08$151,579
Aug 200519613,13161.519.80$140,698
Jul 2005013,25555.697.84$103,967
Jun 2005013,03152.337.38$96,182
May 200519313,17845.226.65$96,376
Apr 2005012,86849.207.36$94,715
Mar 200519913,55850.377.15$107,029
Feb 2005011,65345.226.31$73,553
Jan 2005015,59843.166.32$98,614
Dec 200419816,11239.866.75$116,666
Nov 2004016,28045.286.33$103,059
Oct 200419815,49949.706.52$110,818
Sep 2004017,25943.245.28$91,195
Aug 2004010,00142.375.55$55,512
Jul 200419316,80538.286.08$109,633
Jun 2004017,77936.106.43$114,373
May 200419419,31037.486.49$132,681
Apr 2004019,64534.475.86$115,089
Mar 200419221,48134.365.53$125,390
Feb 2004021,31932.455.51$117,460
Jan 200419323,96232.036.30$157,134
Dec 2003028,21730.266.30$177,813

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                3,262 Mcf  × $  3.05 =     $9,936

────────────────────────────────────────────────────
Month total                                   $9,936

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/199137 is the state's own key, not one this site invented.