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 206940District 09Field 65280200CondensateGasSaveExport
Value, all time
$46.5 M
Dec 2004 – May 2026
Value, last 12 filed months
$608 k
at the published price for each month
Months reported
258
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
CondensateDisposition1 bbl$62
GasProduction8,342,536 Mcf$46,471,614
Total$46,471,676

Every month this lease reported (258)

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

258 months

May 2026013,173106.413.05$40,123
Apr 2026012,85098.932.87$36,876
Mar 2026013,45589.753.15$42,376
Feb 2026012,89663.503.75$48,364
Jan 2026014,04959.138.00$112,363
Dec 2025013,45856.664.41$59,395
Nov 2025013,22458.593.93$51,923
Oct 2025013,69659.383.30$45,263
Sep 2025013,30262.743.08$40,929
Aug 2025013,76063.933.01$41,483
Jul 2025013,95566.743.32$46,264
Jun 2025013,77066.483.13$43,082
May 2025013,86260.553.23$44,806
Apr 2025013,87662.363.54$49,164
Mar 2025014,60067.704.27$62,317
Feb 2025012,74570.884.34$55,324
Jan 2025012,67774.324.28$54,241
Dec 2024013,31268.993.12$41,552
Nov 2024013,84569.052.20$30,437
Oct 2024014,36771.372.28$32,777
Sep 2024013,93369.612.36$32,943
Aug 2024014,28375.632.06$29,475
Jul 2024014,54579.932.15$31,222
Jun 2024013,34078.082.63$35,137
May 2024014,35278.812.20$31,552
Apr 2024013,94584.451.66$23,138
Mar 2024014,69480.301.55$22,704
Feb 2024013,99976.091.78$24,969
Jan 2024014,26573.023.30$47,041
Dec 2023014,50171.262.61$37,858
Nov 2023014,49277.892.81$40,687
Oct 2023015,42785.443.09$47,627
Sep 2023015,02089.042.74$41,080
Aug 2023015,49880.522.67$41,424
Jul 2023015,73274.852.64$41,561
Jun 2023014,26868.962.26$32,224
May 2023015,82270.622.23$35,242
Apr 2023015,30578.122.24$34,249
Mar 2023015,99772.852.39$38,283
Feb 2023014,64275.112.47$36,102
Jan 2023016,44876.533.39$55,721
Dec 2022016,58776.415.73$95,028
Nov 2022016,23485.005.65$91,660
Oct 2022016,93387.185.86$99,291
Sep 2022016,05584.888.16$131,068
Aug 2022016,98294.529.13$154,997
Jul 2022017,143101.587.54$129,294
Jun 2022016,783115.097.98$133,881
May 2022016,820109.378.43$141,844
Apr 2022016,852104.226.84$115,227
Mar 2022016,565108.885.08$84,091
Feb 2022015,69791.054.86$76,269
Jan 2022017,70781.844.54$80,349
Dec 2021017,92171.323.90$69,876
Nov 2021017,49377.435.24$91,608
Oct 2021018,30179.795.71$104,570
Sep 2021017,90069.865.35$95,781
Aug 2021018,73066.024.22$79,052
Jul 2021018,67770.783.98$74,373
Jun 2021018,07569.493.38$61,105
May 2021018,54263.483.02$55,954
Apr 2021018,81360.362.76$51,894
Mar 2021020,32461.302.72$55,219
Feb 2021017,21457.805.55$95,502
Jan 2021020,49250.412.81$57,588
Dec 2020021,10244.642.68$56,458
Nov 2020020,76938.772.71$56,213
Oct 2020021,76836.972.48$53,950
Sep 2020021,37537.091.99$42,558
Aug 2020022,33039.982.39$53,259
Jul 2020022,63238.371.83$41,306
Jun 2020022,18634.901.69$37,501
May 2020023,28816.921.81$42,262
Apr 2020022,86514.751.80$41,257
Mar 2020024,01130.341.86$44,570
Feb 2020022,80049.881.98$45,159
Jan 2020024,84557.252.09$52,044
Dec 2019025,31959.012.30$58,344
Nov 2019024,91655.302.75$68,536
Oct 2019025,72853.472.42$62,224
Sep 2019025,81155.052.66$68,587
Aug 2019027,22453.112.30$62,734
Jul 2019027,72456.272.46$68,203
Jun 2019026,78752.782.49$66,732
May 2019028,71358.482.74$78,683
Apr 2019026,48162.632.75$72,841
Mar 2019025,81756.803.06$79,054
Feb 2019028,82550.852.79$80,486
Jan 2019033,09846.033.23$106,846
Dec 2018035,10746.594.19$146,938
Nov 2018033,52852.934.24$142,066
Oct 2018032,91561.443.40$111,848
Sep 2018033,72759.543.11$104,824
Aug 2018038,11659.403.07$116,885
Jul 2018026,01165.142.93$76,261
Jun 20180060.183.08$0
May 2018011,62765.382.90$33,728
Apr 2018016,08363.842.90$46,654
Mar 2018016,08761.222.79$44,832
Feb 2018014,43361.782.77$39,923
Jan 2018015,86462.874.01$63,604
Dec 2017016,23357.272.92$47,425
Nov 2017015,64655.423.12$48,790
Oct 2017016,15249.292.98$48,192
Sep 2017015,51747.523.09$47,905
Aug 2017016,23645.373.00$48,779
Jul 2017015,97143.873.09$49,307
Jun 2017015,69742.493.09$48,461
May 2017016,25945.373.26$53,060
Apr 2017016,19247.933.21$52,002
Mar 2017016,86746.772.98$50,326
Feb 2017014,52450.452.95$42,884
Jan 2017015,76549.413.42$53,897
Dec 2016016,38948.763.72$61,013
Nov 2016016,70342.492.64$44,169
Oct 2016017,47346.193.09$53,996
Sep 2016017,08541.553.10$52,974
Aug 2016017,83441.442.92$52,153
Jul 2016018,14641.622.92$53,065
Jun 2016017,52945.352.69$47,080
May 2016018,49942.521.99$36,832
Apr 2016018,28636.561.99$36,408
Mar 2016019,09433.011.79$34,255
Feb 2016018,28126.472.06$37,725
Jan 2016019,97227.352.36$47,221
Dec 2015020,08032.362.00$40,188
Nov 2015019,71238.792.17$42,722
Oct 2015019,81343.552.43$48,078
Sep 2015020,09942.992.76$55,441
Aug 2015020,92940.162.87$60,118
Jul 2015021,14548.152.95$62,274
Jun 2015020,90256.152.88$60,258
May 2015021,95255.212.96$64,878
Apr 2015021,71849.822.71$58,781
Mar 2015022,68142.892.93$66,562
Feb 2015020,53944.662.98$61,128
Jan 2015023,70943.433.10$73,513
Dec 2014024,83154.693.59$89,177
Nov 2014026,20570.464.25$111,419
Oct 2014022,74778.303.90$88,735
Sep 2014020,41386.164.05$82,580
Aug 2014026,72789.394.04$107,847
Jul 201405,43996.564.18$22,733
Jun 2014016,75498.164.74$79,362
May 2014017,84994.734.73$84,364
Apr 2014016,87895.944.81$81,168
Mar 2014018,50995.895.06$93,596
Feb 2014016,87597.406.19$104,490
Jan 2014018,78790.404.86$91,318
Dec 2013019,64991.824.35$85,561
Nov 2013019,39788.853.74$72,511
Oct 2013020,25097.423.78$76,532
Sep 2013020,946104.113.72$77,872
Aug 2013022,894104.253.52$80,647
Jul 2013022,116102.523.72$82,222
Jun 2013019,77194.403.93$77,767
May 2013020,58994.834.15$85,425
Apr 2013018,88093.964.28$80,855
Mar 2013019,31693.623.91$75,581
Feb 2013023,42991.233.42$80,125
Jan 2013023,91491.603.42$81,784
Dec 2012025,08286.773.42$85,784
Nov 2012023,32086.953.62$84,534
Oct 2012020,98189.383.40$71,329
Sep 2012021,42694.672.92$62,530
Aug 2012024,67392.662.91$71,753
Jul 2012025,65885.133.02$77,508
Jun 2012024,12179.822.52$60,762
May 2012025,74691.612.49$64,064
Apr 2012025,052101.652.00$50,024
Mar 2012026,333105.052.22$58,514
Feb 2012024,991101.102.57$64,233
Jan 2012027,82698.092.73$76,079
Dec 2011029,07696.873.24$94,199
Nov 2011027,83595.723.31$92,169
Oct 2011026,62684.983.65$97,146
Sep 2011026,33283.623.99$104,954
Aug 2011028,58283.404.15$118,596
Jul 2011029,14594.144.52$131,655
Jun 2011028,53092.904.64$132,376
May 2011028,02498.134.40$123,441
Apr 2011027,809105.964.33$120,504
Mar 2011030,49696.364.06$123,733
Feb 2011025,67485.644.18$107,317
Jan 2011030,70186.504.59$140,880
Dec 2010031,59285.734.35$137,354
Nov 2010031,54980.843.80$119,739
Oct 2010033,11578.103.51$116,197
Sep 2010031,97172.633.98$127,228
Aug 2010034,32473.684.42$151,690
Jul 2010034,46272.554.74$163,229
Jun 2010032,81270.364.91$161,120
May 2010032,93271.124.24$139,474
Apr 2010032,18581.694.12$132,689
Mar 2010035,12978.394.39$154,170
Feb 2010032,04873.585.44$174,417
Jan 2010035,64574.365.96$212,590
Dec 2009037,59471.445.48$206,156
Nov 2009035,07574.593.75$131,584
Oct 2009037,89472.544.11$155,754
Sep 2009037,71465.543.06$115,584
Aug 2009038,88567.423.22$125,151
Jul 2009040,61661.133.46$140,714
Jun 2009040,04166.163.90$155,960
May 2009042,48954.743.93$166,801
Apr 2009042,16046.773.59$151,249
Mar 2009043,37542.144.06$176,059
Feb 2009038,43932.814.63$178,088
Jan 2009044,26435.865.37$237,742
Dec 2008045,20137.105.98$270,173
Nov 2008044,99155.496.86$308,654
Oct 2008048,32575.246.92$334,505
Sep 2008048,092101.767.88$378,825
Aug 2008047,395114.228.48$402,053
Jul 2008047,345131.0811.39$539,233
Jun 2008044,560131.3313.03$580,734
May 2008046,576123.1711.57$539,084
Apr 2008046,669110.3110.45$487,918
Mar 2008053,319101.909.66$515,279
Feb 2008051,28192.538.77$449,764
Jan 2008054,38090.388.21$446,228
Dec 2007056,18488.337.30$410,254
Nov 2007055,74491.677.29$406,469
Oct 2007060,75982.856.92$420,573
Sep 2007061,19175.846.24$382,086
Aug 2007063,63069.066.39$406,465
Jul 2007064,86370.906.39$414,341
Jun 2007065,17562.007.55$491,970
May 2007063,44258.747.85$497,784
Apr 2007063,92059.617.81$498,908
Mar 2007064,86556.927.30$473,642
Feb 2007061,29055.108.22$503,559
Jan 2007070,54150.306.73$474,519
Dec 2006076,01656.656.92$525,912
Nov 2006074,80154.207.62$569,795
Oct 2006078,45754.906.01$471,825
Sep 2006075,78660.085.04$381,749
Aug 2006082,60768.717.34$606,329
Jul 2006085,10269.376.34$539,782
Jun 2006077,42166.286.38$494,246
May 2006093,80666.016.42$602,704
Apr 2006089,51964.397.36$658,903
Mar 2006083,47956.707.08$591,275
Feb 2006078,69857.597.75$609,998
Jan 2006090,14960.598.93$805,330
Dec 2005092,30554.9413.42$1,238,309
Nov 2005091,50354.6910.59$968,870
Oct 20050101,18958.3413.80$1,395,979
Sep 20050100,97161.4512.08$1,219,629
Aug 20051107,72861.519.80$1,055,455
Jul 20050107,82555.697.84$845,740
Jun 2005094,70052.337.38$698,984
May 2005036,61545.226.65$243,532
Apr 20050138,55849.207.36$1,019,853
Mar 20050254,55650.377.15$1,821,318
Feb 20050215,50845.226.31$1,360,269
Jan 20050158,22443.166.32$1,000,324
Dec 20040039.866.75$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               13,173 Mcf  × $  3.05 =    $40,123

────────────────────────────────────────────────────
Month total                                  $40,123

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/206940 is the state's own key, not one this site invented.