HANGER TRUST

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 208468District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.9 M
Mar 2005 – May 2026
Value, last 12 filed months
$162 k
at the published price for each month
Months reported
255
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
CondensateDisposition3,889 bbl$269,906
GasProduction1,657,116 Mcf$8,599,847
Total$8,869,753

Every month this lease reported (255)

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

255 months

May 202603,550106.413.05$10,813
Apr 202603,43898.932.87$9,866
Mar 202603,51689.753.15$11,073
Feb 202603,22063.503.75$12,076
Jan 202603,91259.138.00$31,288
Dec 202503,61956.664.41$15,972
Nov 202503,49758.593.93$13,731
Oct 202503,60959.383.30$11,927
Sep 202503,48662.743.08$10,726
Aug 202503,62463.933.01$10,925
Jul 202503,65466.743.32$12,114
Jun 202503,51966.483.13$11,010
May 202503,60160.553.23$11,640
Apr 202503,48062.363.54$12,330
Mar 202503,71367.704.27$15,848
Feb 202503,26370.884.34$14,164
Jan 202503,61474.324.28$15,463
Dec 202403,72068.993.12$11,612
Nov 202403,62469.052.20$7,967
Oct 202403,76971.372.28$8,599
Sep 202403,67269.612.36$8,682
Aug 202403,77875.632.06$7,796
Jul 202403,79579.932.15$8,146
Jun 202403,64778.082.63$9,606
May 202403,74878.812.20$8,240
Apr 202403,47484.451.66$5,764
Mar 202403,91080.301.55$6,041
Feb 2024273,56076.091.78$8,404
Jan 202403,82373.023.30$12,607
Dec 202303,86171.262.61$10,080
Nov 202303,67277.892.81$10,309
Oct 202303,89085.443.09$12,010
Sep 202303,76889.042.74$10,306
Aug 202303,89880.522.67$10,419
Jul 202304,00174.852.64$10,570
Jun 202303,85268.962.26$8,700
May 202303,70870.622.23$8,259
Apr 202303,71378.122.24$8,309
Mar 202303,92772.852.39$9,398
Feb 202303,68775.112.47$9,091
Jan 202304,06576.533.39$13,771
Dec 202204,04076.415.73$23,145
Nov 202203,96685.005.65$22,393
Oct 202204,11787.185.86$24,141
Sep 202203,93284.888.16$32,100
Aug 202204,15994.529.13$37,960
Jul 202204,173101.587.54$31,473
Jun 202204,055115.097.98$32,348
May 2022664,130109.378.43$42,047
Apr 202203,881104.226.84$26,537
Mar 202204,182108.885.08$21,230
Feb 202203,77791.054.86$18,352
Jan 202204,29481.844.54$19,485
Dec 202104,31371.323.90$16,817
Nov 202104,12577.435.24$21,602
Oct 202104,50479.795.71$25,735
Sep 202104,19869.865.35$22,463
Aug 202104,49966.024.22$18,988
Jul 202103,84470.783.98$15,307
Jun 202104,27669.493.38$14,456
May 202104,42863.483.02$13,362
Apr 202104,24660.362.76$11,712
Mar 202104,47861.302.72$12,166
Feb 202103,71757.805.55$20,622
Jan 202104,40350.412.81$12,374
Dec 202004,48544.642.68$11,999
Nov 202004,30638.772.71$11,654
Oct 202004,57236.972.48$11,331
Sep 202004,44337.091.99$8,846
Aug 202004,60139.982.39$10,974
Jul 202004,59938.371.83$8,394
Jun 202004,48834.901.69$7,586
May 202004,64316.921.81$8,426
Apr 202004,44214.751.80$8,015
Mar 202004,67930.341.86$8,685
Feb 202004,41349.881.98$8,741
Jan 202004,76657.252.09$9,984
Dec 201904,72259.012.30$10,881
Nov 201904,66655.302.75$12,835
Oct 201904,84453.472.42$11,715
Sep 201904,69855.052.66$12,484
Aug 201904,93153.112.30$11,363
Jul 201904,82656.272.46$11,872
Jun 201904,76352.782.49$11,866
May 201904,97558.482.74$13,633
Apr 201904,76362.632.75$13,102
Mar 201904,97356.803.06$15,228
Feb 201904,61650.852.79$12,889
Jan 201904,49846.033.23$14,520
Dec 201805,05446.594.19$21,153
Nov 201804,96052.934.24$21,017
Oct 201805,11661.443.40$17,385
Sep 201804,69159.543.11$14,580
Aug 20181095,06659.403.07$22,010
Jul 201805,12065.142.93$15,011
Jun 201804,90860.183.08$15,102
May 201805,07565.382.90$14,722
Apr 201804,94763.842.90$14,350
Mar 201805,13061.222.79$14,296
Feb 201804,66561.782.77$12,904
Jan 201805,24262.874.01$21,017
Dec 201705,31757.272.92$15,534
Nov 201705,17355.423.12$16,131
Oct 201705,10949.292.98$15,244
Sep 201705,20447.523.09$16,066
Aug 201705,42145.373.00$16,287
Jul 201705,09043.873.09$15,714
Jun 201704,80942.493.09$14,847
May 201704,98045.373.26$16,252
Apr 201704,89547.933.21$15,721
Mar 201705,10746.772.98$15,238
Feb 201704,66250.452.95$13,765
Jan 201705,08049.413.42$17,368
Dec 201605,17748.763.72$19,273
Nov 201605,12142.492.64$13,542
Oct 201605,26346.193.09$16,264
Sep 201605,17841.553.10$16,055
Aug 201605,27941.442.92$15,438
Jul 201605,19141.622.92$15,180
Jun 201605,01645.352.69$13,472
May 201605,14242.521.99$10,238
Apr 2016465,22636.561.99$12,087
Mar 201605,43733.011.79$9,754
Feb 201605,11726.472.06$10,560
Jan 201605,54527.352.36$13,110
Dec 201505,49732.362.00$11,002
Nov 201505,33938.792.17$11,571
Oct 201505,61843.552.43$13,633
Sep 2015885,44942.992.76$18,814
Aug 201505,70640.162.87$16,390
Jul 201505,76648.152.95$16,981
Jun 201505,59356.152.88$16,124
May 201505,74155.212.96$16,967
Apr 201505,58049.822.71$15,103
Mar 201505,77042.892.93$16,933
Feb 201505,24244.662.98$15,601
Jan 201505,69043.433.10$17,643
Dec 201405,42254.693.59$19,472
Nov 201405,39970.464.25$22,956
Oct 201405,43178.303.90$21,186
Sep 201405,49286.164.05$22,218
Aug 201405,51889.394.04$22,266
Jul 201405,69096.564.18$23,782
Jun 201405,62798.164.74$26,654
May 201405,59094.734.73$26,421
Apr 201405,18295.944.81$24,921
Mar 201406,13695.895.06$31,029
Feb 201404,79497.406.19$29,684
Jan 201406,01990.404.86$29,257
Dec 201306,13291.824.35$26,702
Nov 20131405,95188.853.74$34,686
Oct 201306,22997.423.78$23,542
Sep 201306,101104.113.72$22,682
Aug 201305,886104.253.52$20,734
Jul 201316,266102.523.72$23,398
Jun 201316,07394.403.93$23,982
May 201316,35194.834.15$26,446
Apr 201316,06293.964.28$26,055
Mar 201315,84893.623.91$22,976
Feb 201305,23691.233.42$17,907
Jan 201316,22091.603.42$21,363
Dec 201216,26886.773.42$21,524
Nov 201204,44786.953.62$16,120
Oct 201204,30789.383.40$14,642
Sep 201204,59194.672.92$13,398
Aug 201205,78192.662.91$16,812
Jul 201205,67485.133.02$17,140
Jun 201215,54879.822.52$14,055
May 201225,85991.612.49$14,762
Apr 201202,809101.652.00$5,609
Mar 201225,638105.052.22$12,738
Feb 201215,065101.102.57$13,119
Jan 201204,74398.092.73$12,968
Dec 201104,66596.873.24$15,113
Nov 201124,29995.723.31$14,427
Oct 20111504,48184.983.65$29,096
Sep 20110083.623.99$0
Aug 201101,97983.404.15$8,212
Jul 201107,06794.144.52$31,923
Jun 201107,63692.904.64$35,430
May 201107,60398.134.40$33,490
Apr 201106,973105.964.33$30,216
Mar 201107,32296.364.06$29,708
Feb 201106,60885.644.18$27,621
Jan 201107,76886.504.59$35,646
Dec 201007,89085.734.35$34,304
Nov 201007,85580.843.80$29,812
Oct 201007,87278.103.51$27,622
Sep 201007,96572.633.98$31,696
Aug 201017,98573.684.42$35,362
Jul 201007,87072.554.74$37,276
Jun 20101987,42270.364.91$50,376
May 201009,06671.124.24$38,397
Apr 201008,30181.694.12$34,222
Mar 201008,88078.394.39$38,971
Feb 201008,10173.585.44$44,089
Jan 201019,05274.365.96$54,061
Dec 200919,16371.445.48$50,319
Nov 200909,12974.593.75$34,247
Oct 200909,53872.544.11$39,204
Sep 20091909,04865.543.06$40,182
Aug 200909,69867.423.22$31,213
Jul 200909,73261.133.46$33,717
Jun 200909,52866.163.90$37,112
May 200909,45254.743.93$37,106
Apr 200909,24846.773.59$33,177
Mar 200909,41542.144.06$38,215
Feb 200905,11732.814.63$23,707
Jan 20091897,13135.865.37$45,078
Dec 200807,18037.105.98$42,916
Nov 200806,42055.496.86$44,044
Oct 200808,49975.246.92$58,830
Sep 200807,044101.767.88$55,486
Aug 200807,990114.228.48$67,779
Jul 20081817,453131.0811.39$108,611
Jun 200805,864131.3313.03$76,423
May 200825,497123.1711.57$63,870
Apr 20081909,640110.3110.45$121,744
Mar 2008010,175101.909.66$98,332
Feb 200808,62392.538.77$75,629
Jan 20081859,52990.388.21$94,913
Dec 2007010,45588.337.30$76,342
Nov 200709,87991.677.29$72,035
Oct 2007010,62482.856.92$73,539
Sep 20071809,50375.846.24$72,989
Aug 2007013,78269.066.39$88,039
Jul 2007012,79670.906.39$81,740
Jun 200718114,01562.007.55$117,014
May 2007011,16758.747.85$87,619
Apr 2007010,82259.617.81$84,468
Mar 200717210,41556.927.30$85,840
Feb 2007010,61055.108.22$87,172
Jan 2007011,19450.306.73$75,300
Dec 2006010,90756.656.92$75,459
Nov 2006011,14354.207.62$84,882
Oct 200609,79054.906.01$58,875
Sep 200617810,28260.085.04$62,487
Aug 200608,45768.717.34$62,074
Jul 200604,64969.376.34$29,487
Jun 2006012,00466.286.38$76,632
May 200619113,17766.016.42$97,270
Apr 2006013,97164.397.36$102,833
Mar 200618716,08456.707.08$124,525
Feb 2006014,05757.597.75$108,957
Jan 200618816,39060.598.93$157,808
Dec 200518517,70654.9413.42$247,697
Nov 2005017,69854.6910.59$187,394
Oct 200517718,77458.3413.80$269,328
Sep 200516818,45761.4512.08$233,266
Aug 2005020,41461.519.80$199,993
Jul 200512621,58955.697.84$176,353
Jun 200517722,06052.337.38$172,088
May 2005023,90645.226.65$159,003
Apr 2005029,21749.207.36$215,051
Mar 2005014,13450.377.15$101,127

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                3,550 Mcf  × $  3.05 =    $10,813

────────────────────────────────────────────────────
Month total                                  $10,813

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/208468 is the state's own key, not one this site invented.