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 204374District 09Field 65280200CondensateGasSaveExport
Value, all time
$13.2 M
Sep 2004 – May 2026
Value, last 12 filed months
$176 k
at the published price for each month
Months reported
261
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
CondensateDisposition5,432 bbl$352,674
GasProduction2,303,709 Mcf$12,833,433
Total$13,186,107

Every month this lease reported (261)

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

261 months

May 202604,039106.413.05$12,302
Apr 202604,01798.932.87$11,528
Mar 202604,34889.753.15$13,694
Feb 202604,06763.503.75$15,253
Jan 202604,30959.138.00$34,463
Dec 202504,25756.664.41$18,788
Nov 202504,13858.593.93$16,248
Oct 202503,79759.383.30$12,548
Sep 202503,25762.743.08$10,022
Aug 202503,32763.933.01$10,030
Jul 202503,28666.743.32$10,894
Jun 202503,13566.483.13$9,809
May 202503,14660.553.23$10,169
Apr 202503,27062.363.54$11,586
Mar 202503,54067.704.27$15,110
Feb 202503,09870.884.34$13,448
Jan 202503,77874.324.28$16,165
Dec 202404,13868.993.12$12,916
Nov 202403,45869.052.20$7,602
Oct 202403,23571.372.28$7,380
Sep 202403,66069.612.36$8,654
Aug 202403,57675.632.06$7,380
Jul 202403,80079.932.15$8,157
Jun 202404,18578.082.63$11,023
May 202403,87978.812.20$8,528
Apr 202403,39984.451.66$5,640
Mar 202402,81780.301.55$4,353
Feb 202403,10376.091.78$5,535
Jan 202403,13273.023.30$10,328
Dec 202303,54471.262.61$9,252
Nov 202303,40577.892.81$9,560
Oct 202303,40985.443.09$10,525
Sep 202303,76089.042.74$10,284
Aug 202304,26980.522.67$11,411
Jul 202305,77974.852.64$15,267
Jun 202303,42168.962.26$7,726
May 202302,90670.622.23$6,473
Apr 202302,36578.122.24$5,292
Mar 202302,28072.852.39$5,456
Feb 202301,84675.112.47$4,552
Jan 202302,57276.533.39$8,713
Dec 202204,41276.415.73$25,277
Nov 202203,81385.005.65$21,529
Oct 202203,82387.185.86$22,417
Sep 202203,81884.888.16$31,169
Aug 202203,75294.529.13$34,245
Jul 202203,701101.587.54$27,913
Jun 202203,576115.097.98$28,526
May 202203,889109.378.43$32,796
Apr 202203,630104.226.84$24,820
Mar 202204,020108.885.08$20,407
Feb 202213,55791.054.86$17,374
Jan 2022124,04481.844.54$19,332
Dec 202103,97071.323.90$15,480
Nov 202103,86977.435.24$20,261
Oct 202103,95679.795.71$22,604
Sep 202103,91769.865.35$20,960
Aug 202104,11966.024.22$17,385
Jul 202104,04570.783.98$16,108
Jun 202103,94269.493.38$13,326
May 202104,14063.483.02$12,493
Apr 202104,18960.362.76$11,555
Mar 202104,41261.302.72$11,987
Feb 202104,22957.805.55$23,462
Jan 202104,22350.412.81$11,868
Dec 202004,20444.642.68$11,248
Nov 202004,10438.772.71$11,108
Oct 2020124,27736.972.48$11,044
Sep 202004,17437.091.99$8,311
Aug 202004,37439.982.39$10,432
Jul 202004,38138.371.83$7,996
Jun 202004,28434.901.69$7,241
May 202004,43516.921.81$8,048
Apr 202004,38214.751.80$7,907
Mar 202004,57430.341.86$8,490
Feb 202004,22949.881.98$8,376
Jan 202004,38257.252.09$9,179
Dec 201904,37359.012.30$10,077
Nov 201905,08655.302.75$13,990
Oct 201904,68653.472.42$11,333
Sep 201904,57855.052.66$12,165
Aug 201904,81853.112.30$11,102
Jul 201905,03756.272.46$12,391
Jun 201904,92952.782.49$12,279
May 201905,26358.482.74$14,422
Apr 2019685,26862.632.75$18,750
Mar 201905,41456.803.06$16,578
Feb 201904,89750.852.79$13,674
Jan 201905,53146.033.23$17,855
Dec 201805,57146.594.19$23,317
Nov 201805,26152.934.24$22,292
Oct 201805,35061.443.40$18,180
Sep 201805,19159.543.11$16,134
Aug 201805,41359.403.07$16,599
Jul 201805,45465.142.93$15,990
Jun 201805,31760.183.08$16,360
May 201805,52065.382.90$16,012
Apr 201805,37763.842.90$15,598
Mar 201805,68061.222.79$15,829
Feb 201805,22761.782.77$14,459
Jan 201806,42062.874.01$25,740
Dec 201706,12957.272.92$17,906
Nov 201705,45955.423.12$17,023
Oct 201705,92249.292.98$17,669
Sep 201705,73647.523.09$17,709
Aug 201706,16045.373.00$18,507
Jul 201706,22743.873.09$19,224
Jun 201706,00442.493.09$18,536
May 201706,19445.373.26$20,214
Apr 201705,97847.933.21$19,199
Mar 201705,94146.772.98$17,726
Feb 201705,57350.452.95$16,455
Jan 201706,50549.413.42$22,239
Dec 201606,11448.763.72$22,761
Nov 201606,05242.492.64$16,004
Oct 201606,29346.193.09$19,447
Sep 201606,12641.553.10$18,994
Aug 201606,36141.442.92$18,602
Jul 201606,33041.622.92$18,511
Jun 201606,06245.352.69$16,282
May 201605,77242.521.99$11,492
Apr 201606,18836.561.99$12,321
Mar 201606,54333.011.79$11,738
Feb 201606,00626.472.06$12,394
Jan 201606,55427.352.36$15,496
Dec 201506,81832.362.00$13,646
Nov 201506,58338.792.17$14,268
Oct 201506,85043.552.43$16,622
Sep 201506,41642.992.76$17,698
Aug 201506,68740.162.87$19,208
Jul 201506,76148.152.95$19,912
Jun 201506,54956.152.88$18,880
May 201506,87155.212.96$20,307
Apr 2015816,43149.822.71$21,441
Mar 201506,28242.892.93$18,436
Feb 201505,88544.662.98$17,515
Jan 201506,66843.433.10$20,675
Dec 201406,76354.693.59$24,288
Nov 201406,79970.464.25$28,908
Oct 201406,73078.303.90$26,253
Sep 201406,86086.164.05$27,752
Aug 201407,09689.394.04$28,633
Jul 201407,07596.564.18$29,571
Jun 20141766,91098.164.74$50,008
May 201407,08094.734.73$33,464
Apr 201406,84495.944.81$32,914
Mar 201406,70395.895.06$33,896
Feb 201406,19497.406.19$38,353
Jan 201406,83590.404.86$33,223
Dec 201306,44991.824.35$28,082
Nov 201305,91888.853.74$22,123
Oct 201305,74097.423.78$21,694
Sep 201305,732104.113.72$21,310
Aug 201306,077104.253.52$21,407
Jul 201305,881102.523.72$21,864
Jun 201305,45894.403.93$21,469
May 201305,70494.834.15$23,666
Apr 201306,92093.964.28$29,636
Mar 201306,79593.623.91$26,588
Feb 201306,27791.233.42$21,467
Jan 201306,58991.603.42$22,534
Dec 201207,30186.773.42$24,971
Nov 201207,39386.953.62$26,799
Oct 201207,74789.383.40$26,337
Sep 201207,35794.672.92$21,471
Aug 20121717,38292.662.91$37,313
Jul 201207,66385.133.02$23,148
Jun 201207,53279.822.52$18,973
May 201208,12291.612.49$20,210
Apr 201208,184101.652.00$16,342
Mar 201208,623105.052.22$19,161
Feb 201207,755101.102.57$19,932
Jan 201208,31798.092.73$22,739
Dec 201108,13596.873.24$26,355
Nov 201108,20995.723.31$27,182
Oct 201108,22184.983.65$29,995
Sep 201107,90683.623.99$31,512
Aug 201108,40083.404.15$34,854
Jul 201108,33794.144.52$37,660
Jun 201108,06592.904.64$37,421
May 20111898,45498.134.40$55,785
Apr 201107,853105.964.33$34,029
Mar 201106,50496.364.06$26,389
Feb 201107,23485.644.18$30,238
Jan 201108,21386.504.59$37,688
Dec 201008,59285.734.35$37,356
Nov 201007,54180.843.80$28,621
Oct 201009,86178.103.51$34,601
Sep 201009,80272.633.98$39,007
Aug 201002,13973.684.42$9,453
Jul 2010018,74672.554.74$88,790
Jun 2010017,68370.364.91$86,831
May 201017217,51171.124.24$86,396
Apr 2010014,76281.694.12$60,859
Mar 201009,87178.394.39$43,321
Feb 201007,73573.585.44$42,097
Jan 201008,76974.365.96$52,299
Dec 200909,25771.445.48$50,763
Nov 20091899,17374.593.75$48,510
Oct 200909,61272.544.11$39,508
Sep 200909,31965.543.06$28,560
Aug 200909,52467.423.22$30,653
Jul 200909,45561.133.46$32,757
Jun 200909,54566.163.90$37,178
May 200901554.743.93$59
Apr 200909,52746.773.59$34,178
Mar 2009010,17742.144.06$41,308
Feb 200909,04932.814.63$41,924
Jan 200909,90235.865.37$53,184
Dec 200809,81937.105.98$58,690
Nov 200809,80055.496.86$67,232
Oct 2008010,08775.246.92$69,822
Sep 200809,402101.767.88$74,060
Aug 20081228,943114.228.48$89,798
Jul 2008013,808131.0811.39$157,265
Jun 2008196607131.3313.03$33,651
May 2008020,006123.1711.57$231,555
Apr 2008020,142110.3110.45$210,582
Mar 2008020,287101.909.66$196,055
Feb 2008017,22892.538.77$151,100
Jan 200816714,83990.388.21$136,858
Dec 2007015,30988.337.30$111,786
Nov 2007014,99491.677.29$109,332
Oct 2007016,20982.856.92$112,198
Sep 2007015,87875.846.24$99,145
Aug 2007016,70169.066.39$106,685
Jul 200716217,30670.906.39$122,035
Jun 2007016,31962.007.55$123,183
May 2007015,42158.747.85$120,997
Apr 200718614,92359.617.81$127,564
Mar 2007015,65156.927.30$114,283
Feb 2007013,93055.108.22$114,449
Jan 2007015,42050.306.73$103,728
Dec 200618914,02056.656.92$107,703
Nov 200606,95654.207.62$52,987
Oct 2006018,81454.906.01$113,144
Sep 2006019,73960.085.04$99,429
Aug 200618820,68968.717.34$164,773
Jul 2006021,35569.376.34$135,450
Jun 200619320,71266.286.38$145,015
May 2006021,54666.016.42$138,433
Apr 200619220,43664.397.36$162,782
Mar 2006021,08956.707.08$149,372
Feb 200617618,43057.597.75$152,989
Jan 2006020,48760.598.93$183,017
Dec 200517723,79154.9413.42$328,890
Nov 200519725,14054.6910.59$276,966
Oct 200518528,09258.3413.80$398,343
Sep 2005027,77861.4512.08$335,530
Aug 200518928,77061.519.80$293,480
Jul 200519129,84455.697.84$244,722
Jun 2005029,60952.337.38$218,545
May 200518832,39645.226.65$223,972
Apr 200518924,83849.207.36$192,118
Mar 200518834,31250.377.15$254,968
Feb 200536831,84845.226.31$217,663
Jan 200518237,27243.166.32$243,496
Dec 200418140,58239.866.75$281,187
Nov 200435542,86545.286.33$287,428
Oct 2004055,37749.706.52$360,787
Sep 2004019,70643.245.28$104,125

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                4,039 Mcf  × $  3.05 =    $12,302

────────────────────────────────────────────────────
Month total                                  $12,302

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/204374 is the state's own key, not one this site invented.