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 209500District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.4 M
Apr 2005 – May 2026
Value, last 12 filed months
$137 k
at the published price for each month
Months reported
254
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
CondensateDisposition4,614 bbl$308,560
GasProduction1,610,382 Mcf$9,126,077
Total$9,434,637

Every month this lease reported (254)

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

254 months

May 202603,124106.413.05$9,515
Apr 202612,86198.932.87$8,309
Mar 2026262,99889.753.15$11,776
Feb 202602,93563.503.75$11,007
Jan 202602,95559.138.00$23,634
Dec 202503,08856.664.41$13,628
Nov 202502,91658.593.93$11,450
Oct 202502,93159.383.30$9,686
Sep 202502,83462.743.08$8,720
Aug 202503,09963.933.01$9,343
Jul 202503,21666.743.32$10,662
Jun 202503,07066.483.13$9,605
May 202502,80360.553.23$9,060
Apr 2025452,91162.363.54$13,120
Mar 202503,00267.704.27$12,814
Feb 202502,91270.884.34$12,641
Jan 202503,35774.324.28$14,364
Dec 202403,27368.993.12$10,216
Nov 202403,77169.052.20$8,290
Oct 202403,53271.372.28$8,058
Sep 202403,24669.612.36$7,675
Aug 202402,85175.632.06$5,883
Jul 202402,38279.932.15$5,113
Jun 202402,95578.082.63$7,783
May 202403,30678.812.20$7,268
Apr 202403,60584.451.66$5,981
Mar 202403,45180.301.55$5,332
Feb 202403,14376.091.78$5,606
Jan 202402,95273.023.30$9,735
Dec 202303,36571.262.61$8,785
Nov 202302,37277.892.81$6,660
Oct 202303,58285.443.09$11,059
Sep 202303,53889.042.74$9,677
Aug 202303,29480.522.67$8,804
Jul 202302,36274.852.64$6,240
Jun 202303,01368.962.26$6,805
May 202302,62370.622.23$5,842
Apr 2023023478.122.24$524
Mar 2023062972.852.39$1,505
Feb 2023075475.112.47$1,859
Jan 202302,08776.533.39$7,070
Dec 202202,65076.415.73$15,182
Nov 202202,54085.005.65$14,341
Oct 202203,39987.185.86$19,931
Sep 202203,66184.888.16$29,887
Aug 202203,81094.529.13$34,774
Jul 202203,825101.587.54$28,848
Jun 202203,962115.097.98$31,606
May 202244,062109.378.43$34,692
Apr 2022694,181104.226.84$35,779
Mar 202204,371108.885.08$22,189
Feb 202204,01691.054.86$19,513
Jan 202204,45481.844.54$20,211
Dec 202104,56771.323.90$17,807
Nov 202104,51077.435.24$23,618
Oct 202104,67079.795.71$26,684
Sep 202104,54569.865.35$24,320
Aug 202104,57866.024.22$19,322
Jul 202104,51370.783.98$17,971
Jun 202104,27469.493.38$14,449
May 202104,41763.483.02$13,329
Apr 202104,24160.362.76$11,698
Mar 202114,25661.302.72$11,625
Feb 2021162,79857.805.55$16,448
Jan 202103,93950.412.81$11,070
Dec 202004,08444.642.68$10,927
Nov 202003,96638.772.71$10,734
Oct 202004,14036.972.48$10,261
Sep 202004,21837.091.99$8,398
Aug 202004,35739.982.39$10,392
Jul 2020164,43338.371.83$8,705
Jun 202004,38534.901.69$7,412
May 202003,92016.921.81$7,114
Apr 202003,87014.751.80$6,983
Mar 202023,63630.341.86$6,810
Feb 2020603,36649.881.98$9,660
Jan 202003,45757.252.09$7,242
Dec 201903,44259.012.30$7,932
Nov 201902,82755.302.75$7,776
Oct 201923,62853.472.42$8,881
Sep 20191153,96655.052.66$16,870
Aug 201903,45853.112.30$7,968
Jul 201903,79856.272.46$9,343
Jun 201903,49052.782.49$8,694
May 2019076658.482.74$2,099
Apr 201903,00462.632.75$8,263
Mar 201903,88556.803.06$11,896
Feb 201902,35650.852.79$6,578
Jan 2019033446.033.23$1,078
Dec 201812675246.594.19$9,018
Nov 201801,64752.934.24$6,979
Oct 201801,24161.443.40$4,217
Sep 201801,30059.543.11$4,040
Aug 201801,29959.403.07$3,983
Jul 2018081965.142.93$2,401
Jun 201801,27360.183.08$3,917
May 201801,38265.382.90$4,009
Apr 2018096463.842.90$2,796
Mar 201801,52161.222.79$4,239
Feb 201801,77161.782.77$4,899
Jan 201802,19262.874.01$8,788
Dec 201704,91357.272.92$14,353
Nov 201704,47655.423.12$13,958
Oct 201704,65349.292.98$13,883
Sep 201704,68947.523.09$14,476
Aug 201705,81445.373.00$17,468
Jul 201703,38943.873.09$10,463
Jun 201702,62942.493.09$8,116
May 201704,10945.373.26$13,409
Apr 201704,88747.933.21$15,695
Mar 201735,93346.772.98$17,842
Feb 2017355,45150.452.95$17,860
Jan 201705,94849.413.42$20,335
Dec 2016745,85448.763.72$25,402
Nov 201605,36942.492.64$14,198
Oct 201605,39546.193.09$16,672
Sep 201605,43841.553.10$16,861
Aug 201605,88641.442.92$17,213
Jul 201606,04741.622.92$17,683
Jun 201605,76645.352.69$15,487
May 201606,06242.521.99$12,070
Apr 201606,42636.561.99$12,794
Mar 20161485,86833.011.79$15,413
Feb 201605,86726.472.06$12,107
Jan 201606,34627.352.36$15,004
Dec 201506,14332.362.00$12,295
Nov 201506,37938.792.17$13,825
Oct 201505,84143.552.43$14,174
Sep 201504,82042.992.76$13,296
Aug 201504,68440.162.87$13,455
Jul 201505,73148.152.95$16,878
Jun 201505,87856.152.88$16,945
May 201505,58955.212.96$16,518
Apr 201506,19549.822.71$16,767
Mar 201506,15942.892.93$18,075
Feb 201505,38144.662.98$16,015
Jan 201505,89343.433.10$18,272
Dec 20141065,80454.693.59$26,641
Nov 201405,76170.464.25$24,495
Oct 201406,20878.303.90$24,217
Sep 201405,83386.164.05$23,597
Aug 201406,21189.394.04$25,062
Jul 201405,16996.564.18$21,604
Jun 201406,73698.164.74$31,908
May 201404,62094.734.73$21,837
Apr 201405,02495.944.81$24,161
Mar 201406,27895.895.06$31,747
Feb 201405,48397.406.19$33,951
Jan 201404,97790.404.86$24,192
Dec 2013824,02291.824.35$25,043
Nov 201304,61588.853.74$17,252
Oct 201305,67597.423.78$21,448
Sep 201304,308104.113.72$16,016
Aug 201305,455104.253.52$19,216
Jul 201305,950102.523.72$22,121
Jun 2013084994.403.93$3,339
May 2013021294.834.15$880
Apr 2013057293.964.28$2,450
Mar 201303,11893.623.91$12,200
Feb 201301,01891.233.42$3,481
Jan 201303,75691.603.42$12,845
Dec 201205,02986.773.42$17,200
Nov 201202,95286.953.62$10,701
Oct 201201,97789.383.40$6,721
Sep 201202,29694.672.92$6,701
Aug 201202,24392.662.91$6,523
Jul 201205,81985.133.02$17,578
Jun 201203,54979.822.52$8,940
May 20121091.612.49$92
Apr 2012130101.652.00$1,321
Mar 20121041,104105.052.22$13,378
Feb 20121575,159101.102.57$29,133
Jan 201206,39898.092.73$17,493
Dec 201106,13096.873.24$19,860
Nov 201106,05395.723.31$20,043
Oct 201106,63984.983.65$24,223
Sep 201106,77983.623.99$27,020
Aug 201106,82983.404.15$28,336
Jul 201106,85794.144.52$30,975
Jun 201116910,16192.904.64$62,846
May 201107,54198.134.40$33,217
Apr 201106,868105.964.33$29,761
Mar 201107,17396.364.06$29,103
Feb 201108,31785.644.18$34,765
Jan 20111877,22686.504.59$49,334
Dec 201007,24285.734.35$31,486
Nov 201006,60580.843.80$25,068
Oct 201006,94378.103.51$24,362
Sep 201007,11972.633.98$28,330
Aug 201007,38973.684.42$32,655
Jul 201007,26972.554.74$34,430
Jun 201007,33370.364.91$36,008
May 201007,13171.124.24$30,201
Apr 201006,69281.694.12$27,589
Mar 201007,54278.394.39$33,099
Feb 201006,51673.585.44$35,462
Jan 20101068,33974.365.96$57,617
Dec 200907,59071.445.48$41,622
Nov 200908,80474.593.75$33,028
Oct 200908,17572.544.11$33,601
Sep 20091898,21265.543.06$37,555
Aug 200908,93467.423.22$28,754
Jul 200908,23161.133.46$28,516
Jun 200909,16766.163.90$35,705
May 200901054.743.93$39
Apr 200908,73546.773.59$31,337
Mar 200909,19242.144.06$37,310
Feb 200908,20732.814.63$38,023
Jan 200908,40935.865.37$45,165
Dec 200809,85437.105.98$58,899
Nov 200809,29055.496.86$63,733
Oct 200809,83375.246.92$68,064
Sep 200809,450101.767.88$74,439
Aug 200809,972114.228.48$84,593
Jul 200809,955131.0811.39$113,382
Jun 200809,235131.3313.03$120,356
May 200809,496123.1711.57$109,909
Apr 2008010,346110.3110.45$108,166
Mar 200816511,901101.909.66$131,826
Feb 2008010,64092.538.77$93,319
Jan 2008012,43290.388.21$102,014
Dec 200718212,88488.337.30$110,155
Nov 2007013,29991.677.29$96,972
Oct 20073713,72482.856.92$98,063
Sep 2007013,89675.846.24$86,769
Aug 2007014,54969.066.39$92,938
Jul 2007015,16870.906.39$96,892
Jun 200718913,86962.007.55$116,407
May 2007012,73058.747.85$99,883
Apr 2007013,66259.617.81$106,635
Mar 2007014,81956.927.30$108,208
Feb 200718913,78255.108.22$123,647
Jan 2007015,84850.306.73$106,607
Dec 20067617,10356.656.92$122,631
Nov 2006024,59654.207.62$187,360
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 200617516,15569.376.34$114,607
Jun 2006015,03766.286.38$95,994
May 200618915,90066.016.42$114,633
Apr 2006016,35764.397.36$120,395
Mar 20069317,43956.707.08$128,792
Feb 200617716,60257.597.75$138,878
Jan 200617919,86460.598.93$188,297
Dec 200516920,76654.9413.42$287,869
Nov 2005021,43854.6910.59$226,994
Oct 200515025,35258.3413.80$358,501
Sep 200515025,83661.4512.08$321,291
Aug 200516128,53861.519.80$289,485
Jul 200514732,48755.697.84$263,003
Jun 200515636,83052.337.38$280,007
May 200517342,69745.226.65$291,808
Apr 200507,78649.207.36$57,309

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                3,124 Mcf  × $  3.05 =     $9,515

────────────────────────────────────────────────────
Month total                                   $9,515

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/209500 is the state's own key, not one this site invented.