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 199803District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.1 M
Nov 2003 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
271
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
CondensateDisposition3,177 bbl$195,686
GasProduction796,392 Mcf$4,934,026
Total$5,129,712

Every month this lease reported (271)

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

271 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200438.772.71$11
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
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 201803,21859.403.07$9,868
Jul 2018044865.142.93$1,313
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 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150832.362.00$16
Nov 201502638.792.17$56
Oct 2015076043.552.43$1,844
Sep 201501,61742.992.76$4,460
Aug 201502440.162.87$69
Jul 201501,00848.152.95$2,969
Jun 201502,09856.152.88$6,048
May 201502,37955.212.96$7,031
Apr 20156368549.822.71$4,993
Mar 201502,20442.892.93$6,468
Feb 201501,98744.662.98$5,914
Jan 201502,22743.433.10$6,905
Dec 201402,04854.693.59$7,355
Nov 201402,47370.464.25$10,515
Oct 201402,56378.303.90$9,998
Sep 201401,60886.164.05$6,505
Aug 20140189.394.04$4
Jul 201401,71496.564.18$7,164
Jun 2014902,04098.164.74$18,498
May 201402,12794.734.73$10,053
Apr 201401,49295.944.81$7,175
Mar 201401,95595.895.06$9,886
Feb 201401,27697.406.19$7,901
Jan 201401,38490.404.86$6,727
Dec 201301,68491.824.35$7,333
Nov 201301,93388.853.74$7,226
Oct 201302,03497.423.78$7,687
Sep 201302,278104.113.72$8,469
Aug 201302,641104.253.52$9,303
Jul 201302,991102.523.72$11,120
Jun 201302,43794.403.93$9,586
May 201302,71594.834.15$11,265
Apr 201302,11093.964.28$9,036
Mar 201302,34193.623.91$9,160
Feb 201301,35091.233.42$4,617
Jan 201302,48691.603.42$8,502
Dec 201202,62486.773.42$8,975
Nov 201202,40486.953.62$8,714
Oct 201202,71789.383.40$9,237
Sep 201202,27894.672.92$6,648
Aug 2012053992.662.91$1,568
Jul 20120085.133.02$0
Jun 20123079.822.52$239
May 20121011,80291.612.49$13,737
Apr 201203,886101.652.00$7,760
Mar 201203,798105.052.22$8,439
Feb 201203,514101.102.57$9,032
Jan 201204,47698.092.73$12,238
Dec 201104,26096.873.24$13,801
Nov 201104,35295.723.31$14,411
Oct 201104,58084.983.65$16,710
Sep 201103,23883.623.99$12,906
Aug 201104,23083.404.15$17,552
Jul 201104,50794.144.52$20,359
Jun 201104,51592.904.64$20,949
May 201104,53698.134.40$19,980
Apr 201103,405105.964.33$14,755
Mar 201103,44596.364.06$13,978
Feb 201102,96785.644.18$12,402
Jan 201103,47186.504.59$15,928
Dec 201003,43785.734.35$14,943
Nov 201003,47580.843.80$13,189
Oct 20101823,57978.103.51$26,773
Sep 201003,71872.633.98$14,796
Aug 201003,78673.684.42$16,732
Jul 201003,75172.554.74$17,767
Jun 201003,56670.364.91$17,510
May 201003,61671.124.24$15,315
Apr 201002,16481.694.12$8,922
Mar 201001,72278.394.39$7,557
Feb 201003,76873.585.44$20,507
Jan 201004,14474.365.96$24,715
Dec 200902,81471.445.48$15,431
Nov 20091994,16574.593.75$30,468
Oct 200904,37972.544.11$17,999
Sep 200904,12465.543.06$12,639
Aug 200904,26767.423.22$13,733
Jul 200904,06061.133.46$14,066
Jun 200904,23966.163.90$16,511
May 20090954.743.93$35
Apr 200904,27946.773.59$15,351
Mar 200905,86642.144.06$23,810
Feb 200905,32132.814.63$24,652
Jan 200905,97535.865.37$32,092
Dec 200806,04037.105.98$36,102
Nov 200805,98055.496.86$41,025
Oct 200806,37075.246.92$44,093
Sep 200807,695101.767.88$60,614
Aug 200803,454114.228.48$29,300
Jul 200802,419131.0811.39$27,551
Jun 20081911,700131.3313.03$47,240
May 200800123.1711.57$0
Apr 200804,187110.3110.45$43,775
Mar 200806,248101.909.66$60,381
Feb 200805,92992.538.77$52,001
Jan 200806,22990.388.21$51,113
Dec 200705,99488.337.30$43,768
Nov 200705,37191.677.29$39,164
Oct 20071596,34382.856.92$57,079
Sep 200706,88075.846.24$42,960
Aug 200706,63269.066.39$42,365
Jul 200706,39970.906.39$40,876
Jun 200706,59962.007.55$49,812
May 200705,51658.747.85$43,280
Apr 20071987,80459.617.81$72,715
Mar 200708,67456.927.30$63,337
Feb 2007010,53655.108.22$86,564
Jan 200708,39050.306.73$56,438
Dec 200607,79356.656.92$53,915
Nov 200605,89654.207.62$44,913
Oct 200609,61454.906.01$57,817
Sep 20061919,14460.085.04$57,535
Aug 200607,55168.717.34$55,424
Jul 200607,12369.376.34$45,179
Jun 20061506,98766.286.38$54,546
May 200607,18266.016.42$46,144
Apr 200606,79564.397.36$50,014
Mar 200607,69956.707.08$54,531
Feb 200608,48957.597.75$65,799
Jan 200608,48560.598.93$75,799
Dec 20051838,92754.9413.42$129,813
Nov 200507,31254.6910.59$77,422
Oct 200508,56958.3413.80$118,216
Sep 200509,17261.4512.08$110,789
Aug 200508,66661.519.80$84,899
Jul 20051879,53455.697.84$85,195
Jun 200508,69752.337.38$64,193
May 200509,02745.226.65$60,040
Apr 200508,14949.207.36$59,981
Mar 20051773,45550.377.15$33,636
Feb 200504,91545.226.31$31,023
Jan 200507,48143.166.32$47,296
Dec 200409,87739.866.75$66,680
Nov 200417310,63245.286.33$75,138
Oct 200418610,51049.706.52$77,718
Sep 2004011,77243.245.28$62,202
Aug 200418014,38842.375.55$87,490
Jul 2004015,51738.286.08$94,408
Jun 2004015,81336.106.43$101,725
May 200418617,66437.486.49$121,692
Apr 2004018,70334.475.86$109,571
Mar 200418921,96534.365.53$127,964
Feb 200418923,49032.455.51$135,554
Jan 2004030,42532.036.30$191,667
Dec 2003035,44330.266.30$223,349
Nov 20030028.804.60$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.

Nov 2020 — as filed, then multipliedworked
Condensate             0 bbl  × $ 38.77 =         $0
Gas                    4 Mcf  × $  2.71 =        $11

────────────────────────────────────────────────────
Month total                                      $11

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/199803 is the state's own key, not one this site invented.