LEE, MARGARET "B"

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 207287District 09Field 65280200CondensateGasSaveExport
Value, all time
$1.2 M
Feb 2005 – May 2026
Value, last 12 filed months
$725
at the published price for each month
Months reported
256
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
CondensateDisposition2 bbl$101
GasProduction196,432 Mcf$1,152,983
Total$1,153,084

Every month this lease reported (256)

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

256 months

May 2026019106.413.05$58
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260759.138.00$56
Dec 20250256.664.41$9
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 2025012663.933.01$380
Jul 20250066.743.32$0
Jun 202507166.483.13$222
May 202502260.553.23$71
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 202404671.372.28$105
Sep 202408369.612.36$196
Aug 2024028575.632.06$588
Jul 2024016979.932.15$363
Jun 202402278.082.63$58
May 20240178.812.20$2
Apr 202403684.451.66$60
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 2023016289.042.74$443
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230568.962.26$11
May 20230370.622.23$7
Apr 2023080478.122.24$1,799
Mar 202301,07372.852.39$2,568
Feb 2023063775.112.47$1,571
Jan 2023068276.533.39$2,310
Dec 2022066076.415.73$3,781
Nov 202201,06085.005.65$5,985
Oct 202201,18187.185.86$6,925
Sep 202201,00184.888.16$8,172
Aug 202201,17794.529.13$10,743
Jul 202201,238101.587.54$9,337
Jun 202201,038115.097.98$8,280
May 20220780109.378.43$6,578
Apr 20220590104.226.84$4,034
Mar 20220562108.885.08$2,853
Feb 2022047691.054.86$2,313
Jan 2022050281.844.54$2,278
Dec 2021060371.323.90$2,351
Nov 2021037977.435.24$1,985
Oct 2021036379.795.71$2,074
Sep 2021074469.865.35$3,981
Aug 2021076766.024.22$3,237
Jul 2021074070.783.98$2,947
Jun 2021060669.493.38$2,049
May 2021041563.483.02$1,252
Apr 2021046960.362.76$1,294
Mar 2021063261.302.72$1,717
Feb 2021040957.805.55$2,269
Jan 2021046850.412.81$1,315
Dec 2020038944.642.68$1,041
Nov 2020060738.772.71$1,643
Oct 2020071836.972.48$1,780
Sep 2020069037.091.99$1,374
Aug 202001,37639.982.39$3,282
Jul 202001,30538.371.83$2,382
Jun 202001,28534.901.69$2,172
May 2020075816.921.81$1,376
Apr 2020074014.751.80$1,335
Mar 202001,24530.341.86$2,311
Feb 202001,16249.881.98$2,302
Jan 202001,15357.252.09$2,415
Dec 201901,01259.012.30$2,332
Nov 2019070855.302.75$1,948
Oct 201901,04153.472.42$2,518
Sep 201901,10555.052.66$2,936
Aug 2019053653.112.30$1,235
Jul 2019092756.272.46$2,280
Jun 2019085552.782.49$2,130
May 2019050558.482.74$1,384
Apr 2019059362.632.75$1,631
Mar 201901,24956.803.06$3,825
Feb 2019038250.852.79$1,067
Jan 2019020746.033.23$668
Dec 201806546.594.19$272
Nov 201806552.934.24$275
Oct 201805861.443.40$197
Sep 201805459.543.11$168
Aug 201809959.403.07$304
Jul 2018010365.142.93$302
Jun 201808160.183.08$249
May 201809965.382.90$287
Apr 201808963.842.90$258
Mar 201807361.222.79$203
Feb 201807961.782.77$219
Jan 2018012662.874.01$505
Dec 2017020357.272.92$593
Nov 2017016055.423.12$499
Oct 2017016349.292.98$486
Sep 2017013647.523.09$420
Aug 2017014145.373.00$424
Jul 2017014043.873.09$432
Jun 201709942.493.09$306
May 2017010745.373.26$349
Apr 2017015247.933.21$488
Mar 201709746.772.98$289
Feb 2017012450.452.95$366
Jan 2017015149.413.42$516
Dec 2016025948.763.72$964
Nov 2016025742.492.64$680
Oct 2016028546.193.09$881
Sep 2016035541.553.10$1,101
Aug 2016033041.442.92$965
Jul 2016027841.622.92$813
Jun 2016028245.352.69$757
May 2016022642.521.99$450
Apr 2016025736.561.99$512
Mar 2016029233.011.79$524
Feb 2016029226.472.06$603
Jan 2016036127.352.36$854
Dec 2015031532.362.00$630
Nov 2015032838.792.17$711
Oct 2015035943.552.43$871
Sep 2015035642.992.76$982
Aug 2015035140.162.87$1,008
Jul 2015035248.152.95$1,037
Jun 2015033556.152.88$966
May 2015034655.212.96$1,023
Apr 2015034349.822.71$928
Mar 2015037742.892.93$1,106
Feb 2015035044.662.98$1,042
Jan 2015038343.433.10$1,188
Dec 2014041854.693.59$1,501
Nov 2014043170.464.25$1,833
Oct 2014045378.303.90$1,767
Sep 2014043586.164.05$1,760
Aug 2014046289.394.04$1,864
Jul 2014046196.564.18$1,927
Jun 2014043998.164.74$2,079
May 2014046194.734.73$2,179
Apr 2014044995.944.81$2,159
Mar 2014046895.895.06$2,367
Feb 2014042597.406.19$2,632
Jan 2014047690.404.86$2,314
Dec 2013048791.824.35$2,121
Nov 2013044888.853.74$1,675
Oct 2013046597.423.78$1,757
Sep 20130457104.113.72$1,699
Aug 20130472104.253.52$1,663
Jul 20130468102.523.72$1,740
Jun 2013047894.403.93$1,880
May 2013049994.834.15$2,070
Apr 2013048093.964.28$2,056
Mar 2013049693.623.91$1,941
Feb 2013044891.233.42$1,532
Jan 2013050391.603.42$1,720
Dec 2012050486.773.42$1,724
Nov 2012045986.953.62$1,664
Oct 2012042989.383.40$1,458
Sep 2012041594.672.92$1,211
Aug 2012044092.662.91$1,280
Jul 2012044185.133.02$1,332
Jun 2012043379.822.52$1,091
May 2012047291.612.49$1,174
Apr 20120489101.652.00$976
Mar 20120574105.052.22$1,275
Feb 20120429101.102.57$1,103
Jan 2012053398.092.73$1,457
Dec 2011052096.873.24$1,685
Nov 2011059395.723.31$1,964
Oct 2011044184.983.65$1,609
Sep 2011036283.623.99$1,443
Aug 2011039283.404.15$1,627
Jul 2011041794.144.52$1,884
Jun 2011045692.904.64$2,116
May 2011051698.134.40$2,273
Apr 20110512105.964.33$2,219
Mar 2011060696.364.06$2,459
Feb 2011059385.644.18$2,479
Jan 2011065486.504.59$3,001
Dec 2010069485.734.35$3,017
Nov 2010066180.843.80$2,509
Oct 2010068978.103.51$2,418
Sep 2010064272.633.98$2,555
Aug 2010067073.684.42$2,961
Jul 2010059572.554.74$2,818
Jun 2010063370.364.91$3,108
May 2010067971.124.24$2,876
Apr 2010070781.694.12$2,915
Mar 2010075778.394.39$3,322
Feb 2010081873.585.44$4,452
Jan 201001,05774.365.96$6,304
Dec 200901,18471.445.48$6,493
Nov 2009091374.593.75$3,425
Oct 2009088472.544.11$3,633
Sep 2009086165.543.06$2,639
Aug 2009083367.423.22$2,681
Jul 2009086761.133.46$3,004
Jun 200901,01566.163.90$3,953
May 2009041354.743.93$1,621
Apr 2009020646.773.59$739
Mar 200901,28942.144.06$5,232
Feb 200901,24432.814.63$5,763
Jan 200901,25735.865.37$6,751
Dec 200801,38637.105.98$8,284
Nov 200801,59955.496.86$10,970
Oct 200801,72175.246.92$11,913
Sep 200801,816101.767.88$14,305
Aug 200801,753114.228.48$14,871
Jul 20080447131.0811.39$5,091
Jun 200801,091131.3313.03$14,219
May 200802,320123.1711.57$26,852
Apr 200802,360110.3110.45$24,673
Mar 200802,259101.909.66$21,831
Feb 200801,27392.538.77$11,165
Jan 200802,10690.388.21$17,281
Dec 200702,80288.337.30$20,460
Nov 200703,82091.677.29$27,854
Oct 200702,29982.856.92$15,914
Sep 200702,42975.846.24$15,167
Aug 200702,37369.066.39$15,159
Jul 200702,21470.906.39$14,143
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 200702,04856.927.30$14,954
Feb 200707255.108.22$592
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 2006081754.906.01$4,913
Sep 200602,76660.085.04$13,933
Aug 200601,28368.717.34$9,417
Jul 2006089469.376.34$5,670
Jun 2006024966.286.38$1,590
May 200608,74366.016.42$56,174
Apr 200601,18464.397.36$8,715
Mar 200602,15356.707.08$15,250
Feb 200601,62857.597.75$12,619
Jan 200601,74260.598.93$15,562
Dec 200501,82754.9413.42$24,510
Nov 200502,04454.6910.59$21,643
Oct 200501,92158.3413.80$26,502
Sep 200502,12061.4512.08$25,607
Aug 200502,79761.519.80$27,402
Jul 200502,24855.697.84$17,633
Jun 200503,32652.337.38$24,549
May 200503,87345.226.65$25,760
Apr 200507,57649.207.36$55,763
Mar 200524,95850.377.15$35,575
Feb 200509,77245.226.31$61,680

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                   19 Mcf  × $  3.05 =        $58

────────────────────────────────────────────────────
Month total                                      $58

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/207287 is the state's own key, not one this site invented.