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 204996District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.3 M
Oct 2004 – May 2026
Value, last 12 filed months
$92 k
at the published price for each month
Months reported
260
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
CondensateDisposition6,492 bbl$412,744
GasProduction1,150,415 Mcf$5,887,450
Total$6,300,194

Every month this lease reported (260)

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

260 months

May 202601,961106.413.05$5,973
Apr 202621,89398.932.87$5,630
Mar 2026482,00489.753.15$10,619
Feb 202601,74663.503.75$6,548
Jan 202601,96959.138.00$15,748
Dec 202501,93856.664.41$8,553
Nov 202501,92258.593.93$7,547
Oct 202501,95959.383.30$6,474
Sep 202501,92062.743.08$5,908
Aug 202501,99963.933.01$6,027
Jul 202502,01666.743.32$6,683
Jun 202501,91166.483.13$5,979
May 202501,94760.553.23$6,293
Apr 202501,92262.363.54$6,810
Mar 2025402,00767.704.27$11,275
Feb 202501,82470.884.34$7,918
Jan 202501,96574.324.28$8,408
Dec 202403,50768.993.12$10,947
Nov 202405,08469.052.20$11,177
Oct 202404,71071.372.28$10,745
Sep 202404,75269.612.36$11,235
Aug 202404,80375.632.06$9,912
Jul 202404,97279.932.15$10,673
Jun 202404,53578.082.63$11,945
May 202404,65178.812.20$10,225
Apr 202404,65984.451.66$7,730
Mar 202404,77380.301.55$7,375
Feb 202403,68376.091.78$6,569
Jan 202402,91073.023.30$9,596
Dec 202302,49871.262.61$6,522
Nov 202302,64877.892.81$7,434
Oct 202302,80585.443.09$8,660
Sep 202302,83189.042.74$7,743
Aug 202302,90580.522.67$7,765
Jul 202302,84274.852.64$7,508
Jun 202302,74068.962.26$6,188
May 202302,79470.622.23$6,223
Apr 202302,89078.122.24$6,467
Mar 202302,81072.852.39$6,725
Feb 202302,60875.112.47$6,430
Jan 202302,72576.533.39$9,232
Dec 202202,88076.415.73$16,500
Nov 202202,78085.005.65$15,696
Oct 202202,97687.185.86$17,451
Sep 202202,93184.888.16$23,928
Aug 202203,01794.529.13$27,537
Jul 202202,884101.587.54$21,751
Jun 202202,869115.097.98$22,887
May 202202,928109.378.43$24,692
Apr 202202,838104.226.84$19,405
Mar 202202,916108.885.08$14,803
Feb 202232,61691.054.86$12,984
Jan 2022232,93281.844.54$15,187
Dec 202102,96171.323.90$11,545
Nov 202102,80877.435.24$14,705
Oct 202102,95079.795.71$16,856
Sep 202102,53769.865.35$13,575
Aug 202102,46266.024.22$10,391
Jul 202102,63370.783.98$10,485
Jun 202102,56169.493.38$8,658
May 202102,65363.483.02$8,006
Apr 202103,90460.362.76$10,769
Mar 202102,76961.302.72$7,523
Feb 202103,01657.805.55$16,733
Jan 202102,99750.412.81$8,422
Dec 202003,02344.642.68$8,088
Nov 202002,94138.772.71$7,960
Oct 202003,05836.972.48$7,579
Sep 202002,97937.091.99$5,931
Aug 202003,10539.982.39$7,406
Jul 202003,10238.371.83$5,662
Jun 2020213,03334.901.69$5,860
May 202003,14016.921.81$5,698
Apr 202003,11614.751.80$5,622
Mar 202013,18930.341.86$5,950
Feb 2020192,98449.881.98$6,858
Jan 202013,20057.252.09$6,760
Dec 2019103,19259.012.30$7,946
Nov 201903,05855.302.75$8,412
Oct 201913,17753.472.42$7,737
Sep 2019302,99955.052.66$9,621
Aug 201903,16453.112.30$7,291
Jul 201903,35156.272.46$8,244
Jun 201903,29452.782.49$8,206
May 201903,33858.482.74$9,147
Apr 2019543,19762.632.75$12,176
Mar 201903,37156.803.06$10,322
Feb 201903,04850.852.79$8,511
Jan 201903,39046.033.23$10,944
Dec 201813,43546.594.19$14,424
Nov 2018383,34452.934.24$16,181
Oct 201803,44261.443.40$11,696
Sep 201803,25859.543.11$10,126
Aug 201803,24159.403.07$9,939
Jul 201823,40765.142.93$10,119
Jun 2018683,31860.183.08$14,301
May 201803,35265.382.90$9,723
Apr 201803,32163.842.90$9,634
Mar 201803,46161.222.79$9,645
Feb 201833,16361.782.77$8,935
Jan 2018703,38662.874.01$17,976
Dec 201703,40357.272.92$9,942
Nov 201703,36955.423.12$10,506
Oct 201703,70249.292.98$11,046
Sep 201703,45647.523.09$10,670
Aug 201703,61945.373.00$10,873
Jul 201703,64143.873.09$11,241
Jun 201703,55342.493.09$10,969
May 2017603,68445.373.26$14,745
Apr 201703,59747.933.21$11,552
Mar 201703,62346.772.98$10,810
Feb 201733,31050.452.95$9,924
Jan 2017353,65549.413.42$14,225
Dec 2016353,76948.763.72$15,738
Nov 201603,69942.492.64$9,781
Oct 201603,74346.193.09$11,567
Sep 201603,64141.553.10$11,289
Aug 201603,74641.442.92$10,955
Jul 201603,87341.622.92$11,326
Jun 201603,69045.352.69$9,911
May 2016763,92342.521.99$11,042
Apr 201603,80936.561.99$7,584
Mar 201603,86333.011.79$6,930
Feb 201603,63426.472.06$7,499
Jan 2016523,77627.352.36$10,350
Dec 201503,98932.362.00$7,984
Nov 201503,80238.792.17$8,240
Oct 201504,07243.552.43$9,881
Sep 201503,66642.992.76$10,112
Aug 201503,82340.162.87$10,982
Jul 201503,82748.152.95$11,271
Jun 201503,82856.152.88$11,036
May 201503,89355.212.96$11,506
Apr 2015523,71349.822.71$12,640
Mar 201503,82042.892.93$11,211
Feb 201503,41244.662.98$10,155
Jan 201503,85043.433.10$11,937
Dec 2014833,81254.693.59$18,230
Nov 201403,87470.464.25$16,472
Oct 201404,00078.303.90$15,604
Sep 201403,90086.164.05$15,777
Aug 201404,06689.394.04$16,407
Jul 201403,98396.564.18$16,647
Jun 20141733,89698.164.74$35,437
May 201404,16594.734.73$19,686
Apr 201404,08895.944.81$19,660
Mar 201403,87795.895.06$19,605
Feb 201403,55597.406.19$22,013
Jan 201403,95790.404.86$19,234
Dec 201303,67491.824.35$15,998
Nov 201303,80488.853.74$14,220
Oct 201303,98397.423.78$15,053
Sep 20131813,852104.113.72$33,165
Aug 201303,984104.253.52$14,034
Jul 201304,136102.523.72$15,377
Jun 201303,80994.403.93$14,982
May 201303,89894.834.15$16,173
Apr 201303,79593.964.28$16,252
Mar 201303,97593.623.91$15,554
Feb 201303,50391.233.42$11,980
Jan 201303,94191.603.42$13,478
Dec 201204,14786.773.42$14,183
Nov 201203,79786.953.62$13,764
Oct 201203,92089.383.40$13,327
Sep 201203,75594.672.92$10,959
Aug 201201,95992.662.91$5,697
Jul 201203,30785.133.02$9,990
Jun 201201,04279.822.52$2,625
May 201202,40791.612.49$5,989
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 20121511,931101.102.57$20,229
Jan 201204,14398.092.73$11,327
Dec 201104,08496.873.24$13,231
Nov 201103,52695.723.31$11,676
Oct 201103,50984.983.65$12,803
Sep 201103,80583.623.99$15,166
Aug 201104,04083.404.15$16,763
Jul 201104,05994.144.52$18,335
Jun 20111833,95492.904.64$35,347
May 201104,15398.134.40$18,293
Apr 201103,971105.964.33$17,207
Mar 201104,14596.364.06$16,818
Feb 201103,42485.644.18$14,312
Jan 201104,51986.504.59$20,737
Dec 201003,48885.734.35$15,165
Nov 201003,60680.843.80$13,686
Oct 20101733,65578.103.51$26,336
Sep 201003,82472.633.98$15,217
Aug 201003,85673.684.42$17,041
Jul 201003,76672.554.74$17,838
Jun 201003,50070.364.91$17,186
May 201003,29071.124.24$13,934
Apr 201001,57181.694.12$6,477
Mar 201001,83678.394.39$8,058
Feb 201004,29173.585.44$23,353
Jan 201004,72474.365.96$28,174
Dec 200904,38271.445.48$24,030
Nov 200904,26574.593.75$16,000
Oct 20091884,78072.544.11$33,285
Sep 200904,54265.543.06$13,920
Aug 200904,89267.423.22$15,745
Jul 200904,88261.133.46$16,914
Jun 200904,88366.163.90$19,019
May 200901754.743.93$67
Apr 20091914,96346.773.59$26,738
Mar 200905,38842.144.06$21,870
Feb 200904,86632.814.63$22,544
Jan 200905,06735.865.37$27,215
Dec 200805,17737.105.98$30,944
Nov 200804,99455.496.86$34,261
Oct 200805,22575.246.92$36,167
Sep 200804,982101.767.88$39,244
Aug 200805,116114.228.48$43,399
Jul 200804,859131.0811.39$55,341
Jun 200804,366131.3313.03$56,900
May 20081673,137123.1711.57$56,878
Apr 200805,252110.3110.45$54,909
Mar 200807,349101.909.66$71,021
Feb 20081816,58992.538.77$74,537
Jan 200807,11390.388.21$58,367
Dec 200707,31288.337.30$53,392
Nov 20071737,72691.677.29$72,195
Oct 200708,52482.856.92$59,003
Sep 200706,59575.846.24$41,180
Aug 20071556,82769.066.39$54,315
Jul 200707,16070.906.39$45,738
Jun 20071916,87762.007.55$63,753
May 200707,09158.747.85$55,638
Apr 200707,07259.617.81$55,198
Mar 20072067,46256.927.30$66,213
Feb 200707,05555.108.22$57,964
Jan 20071938,22350.306.73$65,023
Dec 200608,21456.656.92$56,828
Nov 200607,73554.207.62$58,921
Oct 200608,47054.906.01$50,937
Sep 20062058,41560.085.04$54,704
Aug 200608,90068.717.34$65,325
Jul 20061919,27769.376.34$72,091
Jun 200608,26266.286.38$52,744
May 20061918,77166.016.42$68,962
Apr 200608,27064.397.36$60,871
Mar 200608,85756.707.08$62,733
Feb 20062058,27157.597.75$75,915
Jan 200609,51460.598.93$84,992
Dec 20051849,36254.9413.42$135,704
Nov 200508,70854.6910.59$92,204
Oct 200502,62358.3413.80$36,186
Sep 20051946,51561.4512.08$90,616
Aug 2005012,61761.519.80$123,607
Jul 200518713,49155.697.84$116,233
Jun 200536013,26652.337.38$116,756
May 200516714,31045.226.65$102,730
Apr 200539814,80349.207.36$128,539
Mar 2005015,59450.377.15$111,573
Feb 200534914,34045.226.31$106,295
Jan 200517416,93943.166.32$114,602
Dec 200435017,80139.866.75$134,127
Nov 2004020,80545.286.33$131,704
Oct 2004011,83849.706.52$77,126

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                1,961 Mcf  × $  3.05 =     $5,973

────────────────────────────────────────────────────
Month total                                   $5,973

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/204996 is the state's own key, not one this site invented.