COPELAND

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 206939District 09Field 65280200CondensateGasSaveExport
Value, all time
$45.0 M
Nov 2004 – May 2026
Value, last 12 filed months
$1.4 M
at the published price for each month
Months reported
259
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 bbl$238
GasProduction8,021,942 Mcf$44,961,085
Total$44,961,323

Every month this lease reported (259)

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

259 months

May 2026027,937106.413.05$85,092
Apr 2026027,59098.932.87$79,176
Mar 2026029,24689.753.15$92,109
Feb 2026027,09363.503.75$101,607
Jan 2026030,79959.138.00$246,328
Dec 2025031,76256.664.41$140,177
Nov 2025031,54458.593.93$123,856
Oct 2025033,59359.383.30$111,019
Sep 2025033,79062.743.08$103,969
Aug 2025036,44863.933.01$109,882
Jul 2025038,29666.743.32$126,959
Jun 2025039,25466.483.13$122,815
May 2025043,33260.553.23$140,063
Apr 2025045,55062.363.54$161,389
Mar 2025052,34067.704.27$223,404
Feb 2025043,45970.884.34$188,649
Jan 20250074.324.28$0
Dec 202402,85468.993.12$8,908
Nov 2024011,35869.052.20$24,970
Oct 2024011,83871.372.28$27,007
Sep 2024011,04869.612.36$26,121
Aug 2024011,29375.632.06$23,305
Jul 2024011,65379.932.15$25,014
Jun 2024011,22378.082.63$29,561
May 2024011,74078.812.20$25,810
Apr 2024011,46984.451.66$19,029
Mar 2024011,86880.301.55$18,338
Feb 2024011,29276.091.78$20,141
Jan 2024011,98373.023.30$39,516
Dec 2023012,17471.262.61$31,783
Nov 2023011,41677.892.81$32,051
Oct 2023012,33585.443.09$38,082
Sep 2023011,55989.042.74$31,614
Aug 2023012,44580.522.67$33,264
Jul 2023012,67074.852.64$33,472
Jun 2023011,19968.962.26$25,293
May 2023012,26870.622.23$27,326
Apr 2023011,67478.122.24$26,124
Mar 2023012,00972.852.39$28,739
Feb 2023010,79775.112.47$26,622
Jan 2023011,14776.533.39$37,763
Dec 2022012,42076.415.73$71,155
Nov 2022012,31385.005.65$69,522
Oct 2022012,82387.185.86$75,191
Sep 2022012,56184.888.16$102,544
Aug 2022012,88794.529.13$117,622
Jul 2022012,962101.587.54$97,760
Jun 2022012,781115.097.98$101,957
May 2022013,289109.378.43$112,067
Apr 2022012,962104.226.84$88,629
Mar 2022013,079108.885.08$66,394
Feb 2022012,15891.054.86$59,074
Jan 2022013,52081.844.54$61,349
Dec 2021013,75571.323.90$53,632
Nov 2021012,58177.435.24$65,885
Oct 2021013,94179.795.71$79,657
Sep 2021013,54169.865.35$72,457
Aug 2021013,31266.024.22$56,184
Jul 2021013,90170.783.98$55,355
Jun 2021013,77169.493.38$46,555
May 2021013,80263.483.02$41,650
Apr 2021013,89060.362.76$38,314
Mar 2021014,78361.302.72$40,165
Feb 2021010,70657.805.55$59,396
Jan 2021014,39450.412.81$40,451
Dec 2020014,50944.642.68$38,818
Nov 2020014,22238.772.71$38,493
Oct 2020014,52736.972.48$36,004
Sep 2020014,19737.091.99$28,267
Aug 2020014,78239.982.39$35,257
Jul 2020014,95438.371.83$27,293
Jun 2020014,40834.901.69$24,354
May 2020014,96616.921.81$27,160
Apr 2020014,52414.751.80$26,207
Mar 2020015,21830.341.86$28,248
Feb 2020014,30049.881.98$28,324
Jan 2020015,50657.252.09$32,481
Dec 2019015,70959.012.30$36,199
Nov 2019014,80455.302.75$40,721
Oct 2019015,08953.472.42$36,493
Sep 2019015,50955.052.66$41,212
Aug 2019016,04953.112.30$36,983
Jul 2019014,60756.272.46$35,934
Jun 2019014,94252.782.49$37,224
May 2019015,97858.482.74$43,785
Apr 2019015,61762.632.75$42,958
Mar 2019015,78456.803.06$48,332
Feb 2019014,02650.852.79$39,164
Jan 2019016,13746.033.23$52,093
Dec 2018016,33446.594.19$68,365
Nov 2018016,10752.934.24$68,249
Oct 2018016,97461.443.40$57,679
Sep 2018016,52659.543.11$51,363
Aug 2018017,17359.403.07$52,662
Jul 2018017,32565.142.93$50,795
Jun 2018017,46860.183.08$53,748
May 2018017,37665.382.90$50,404
Apr 2018017,19263.842.90$49,871
Mar 2018017,41461.222.79$48,530
Feb 2018016,14261.782.77$44,651
Jan 2018018,43262.874.01$73,900
Dec 2017015,20457.272.92$44,419
Nov 2017015,51755.423.12$48,388
Oct 2017018,60449.292.98$55,508
Sep 2017017,60647.523.09$54,355
Aug 2017021,09545.373.00$63,378
Jul 2017018,36343.873.09$56,692
Jun 2017015,71942.493.09$48,529
May 2017014,86845.373.26$48,520
Apr 2017014,14247.933.21$45,418
Mar 2017014,72146.772.98$43,923
Feb 2017013,45850.452.95$39,736
Jan 2017014,58249.413.42$49,853
Dec 2016014,53148.763.72$54,096
Nov 2016014,51442.492.64$38,380
Oct 2016015,39546.193.09$47,575
Sep 2016015,76441.553.10$48,878
Aug 2016015,94741.442.92$46,634
Jul 2016017,86841.622.92$52,252
Jun 2016016,27545.352.69$43,712
May 2016017,53642.521.99$34,915
Apr 2016016,49436.561.99$32,840
Mar 2016016,60933.011.79$29,797
Feb 2016014,63526.472.06$30,201
Jan 2016017,18627.352.36$40,634
Dec 2015017,12632.362.00$34,276
Nov 2015017,91038.792.17$38,817
Oct 2015020,07043.552.43$48,701
Sep 2015017,49642.992.76$48,261
Aug 2015020,71840.162.87$59,512
Jul 2015021,12648.152.95$62,218
Jun 2015019,14956.152.88$55,204
May 2015018,92055.212.96$55,917
Apr 2015018,72749.822.71$50,686
Mar 2015020,38642.892.93$59,827
Feb 2015018,68544.662.98$55,610
Jan 2015020,98143.433.10$65,054
Dec 2014021,34054.693.59$76,640
Nov 2014020,69970.464.25$88,009
Oct 2014021,63878.303.90$84,409
Sep 2014021,29786.164.05$86,156
Aug 2014022,25689.394.04$89,806
Jul 2014021,78896.564.18$91,065
Jun 2014021,55698.164.74$102,108
May 2014022,57594.734.73$106,702
Apr 2014022,06195.944.81$106,094
Mar 2014023,15695.895.06$117,095
Feb 2014021,08897.406.19$130,577
Jan 2014023,56190.404.86$114,523
Dec 2013023,57891.824.35$102,670
Nov 2013022,96688.853.74$85,853
Oct 2013023,83597.423.78$90,081
Sep 2013023,237104.113.72$86,389
Aug 2013023,802104.253.52$83,845
Jul 2013023,458102.523.72$87,211
Jun 2013022,47994.403.93$88,419
May 2013024,37394.834.15$101,126
Apr 2013023,89293.964.28$102,320
Mar 2013025,05393.623.91$98,029
Feb 2013022,83791.233.42$78,100
Jan 2013025,61291.603.42$87,591
Dec 2012026,00686.773.42$88,945
Nov 2012025,70986.953.62$93,194
Oct 2012026,73789.383.40$90,897
Sep 2012025,66694.672.92$74,904
Aug 2012026,07392.662.91$75,824
Jul 2012026,42985.133.02$79,837
Jun 2012025,77979.822.52$64,938
May 2012026,74891.612.49$66,558
Apr 2012026,241101.652.00$52,398
Mar 2012027,407105.052.22$60,901
Feb 2012026,510101.102.57$68,137
Jan 2012028,63398.092.73$78,285
Dec 2011028,86696.873.24$93,518
Nov 2011028,40795.723.31$94,064
Oct 2011029,47884.983.65$107,552
Sep 2011028,38283.623.99$113,125
Aug 2011029,53683.404.15$122,554
Jul 2011030,02194.144.52$135,612
Jun 2011029,35992.904.64$136,222
May 2011029,51498.134.40$130,004
Apr 2011029,906105.964.33$129,591
Mar 2011031,40296.364.06$127,409
Feb 2011028,70385.644.18$119,978
Jan 2011032,04986.504.59$147,066
Dec 2010032,57785.734.35$141,637
Nov 2010031,60180.843.80$119,936
Oct 2010033,28478.103.51$116,790
Sep 2010032,68472.633.98$130,065
Aug 2010034,25073.684.42$151,363
Jul 2010034,60272.554.74$163,892
Jun 2010034,11570.364.91$167,518
May 2010035,50071.124.24$150,350
Apr 2010034,98481.694.12$144,228
Mar 2010036,76678.394.39$161,354
Feb 2010033,60573.585.44$182,891
Jan 2010037,83374.365.96$225,639
Dec 2009038,18871.445.48$209,413
Nov 2009037,66574.593.75$141,300
Oct 2009039,67972.544.11$163,091
Sep 2009038,79065.543.06$118,882
Aug 2009039,44367.423.22$126,947
Jul 2009041,08061.133.46$142,322
Jun 2009040,07666.163.90$156,096
May 2009042,13154.743.93$165,396
Apr 2009041,92546.773.59$150,406
Mar 2009044,01842.144.06$178,669
Feb 2009040,37832.814.63$187,071
Jan 2009046,10235.865.37$247,614
Dec 2008046,65637.105.98$278,869
Nov 2008045,15555.496.86$309,780
Oct 2008048,81175.246.92$337,869
Sep 2008047,940101.767.88$377,628
Aug 2008051,387114.228.48$435,917
Jul 2008050,124131.0811.39$570,884
Jun 2008045,519131.3313.03$593,232
May 2008047,638123.1711.57$551,376
Apr 2008049,020110.3110.45$512,497
Mar 2008057,367101.909.66$554,399
Feb 2008050,89492.538.77$446,370
Jan 2008029,06290.388.21$238,475
Dec 2007037,53988.337.30$274,109
Nov 2007042,20491.677.29$307,739
Oct 2007031,52282.856.92$218,195
Sep 2007035,31275.846.24$220,494
Aug 2007038,01969.066.39$242,863
Jul 2007042,09470.906.39$268,894
Jun 2007047,99362.007.55$362,273
May 2007044,80658.747.85$351,560
Apr 2007051,91859.617.81$405,230
Mar 2007051,15856.927.30$373,554
Feb 2007048,42155.108.22$397,827
Jan 2007055,76950.306.73$375,150
Dec 2006061,04656.656.92$422,343
Nov 2006060,68054.207.62$462,229
Oct 2006064,72154.906.01$389,219
Sep 2006066,66460.085.04$335,800
Aug 2006171,13068.717.34$522,157
Jul 2006074,55069.376.34$472,853
Jun 2006069,46066.286.38$443,424
May 2006074,71766.016.42$480,057
Apr 2006072,40964.397.36$532,965
Mar 200608,85256.707.08$62,698
Feb 2006082,93357.597.75$642,824
Jan 2006095,19560.598.93$850,407
Dec 2005098,94354.9413.42$1,327,360
Nov 2005097,00354.6910.59$1,027,107
Oct 20052102,04158.3413.80$1,407,850
Sep 20050114,65761.4512.08$1,384,942
Aug 20050114,07461.519.80$1,117,565
Jul 20050118,15855.697.84$926,789
Jun 20051132,82352.337.38$980,424
May 20050130,05745.226.65$865,030
Apr 20050143,63049.207.36$1,057,186
Mar 20050155,74050.377.15$1,114,301
Feb 20050155,59845.226.31$982,122
Jan 20050183,58943.166.32$1,160,686
Dec 20040111,73939.866.75$754,359
Nov 20040045.286.33$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas               27,937 Mcf  × $  3.05 =    $85,092

────────────────────────────────────────────────────
Month total                                  $85,092

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/206939 is the state's own key, not one this site invented.