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 214960District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.7 M
Nov 2005 – May 2026
Value, last 12 filed months
$89 k
at the published price for each month
Months reported
247
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
CondensateDisposition5,411 bbl$354,285
GasProduction1,184,868 Mcf$6,358,894
Total$6,713,179

Every month this lease reported (247)

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

247 months

May 202672,123106.413.05$7,211
Apr 202601,99898.932.87$5,734
Mar 202602,29589.753.15$7,228
Feb 202601,97663.503.75$7,411
Jan 202601,66859.138.00$13,341
Dec 202502,05356.664.41$9,061
Nov 202501,68758.593.93$6,624
Oct 202501,56359.383.30$5,165
Sep 2025191,98662.743.08$7,303
Aug 202501,67163.933.01$5,038
Jul 202501,98466.743.32$6,577
Jun 202502,65166.483.13$8,294
May 202501,92660.553.23$6,225
Apr 202502,49162.363.54$8,826
Mar 202562,47667.704.27$10,975
Feb 202501,99870.884.34$8,673
Jan 202503,55574.324.28$15,211
Dec 202402,28668.993.12$7,135
Nov 202401,97569.052.20$4,342
Oct 202401,85771.372.28$4,237
Sep 2024392,42569.612.36$8,448
Aug 202402,49175.632.06$5,141
Jul 202402,77579.932.15$5,957
Jun 202401,61978.082.63$4,264
May 202402,10078.812.20$4,617
Apr 202402,32784.451.66$3,861
Mar 202402,61980.301.55$4,047
Feb 202401,73176.091.78$3,087
Jan 202401,66273.023.30$5,481
Dec 202302,64271.262.61$6,898
Nov 202302,81277.892.81$7,895
Oct 202302,44985.443.09$7,561
Sep 202302,52689.042.74$6,909
Aug 202301,87580.522.67$5,012
Jul 202302,06374.852.64$5,450
Jun 202301,38668.962.26$3,130
May 2023065970.622.23$1,468
Apr 2023062478.122.24$1,396
Mar 202301,36272.852.39$3,259
Feb 202302,12475.112.47$5,237
Jan 202302,47676.533.39$8,388
Dec 202204,00576.415.73$22,945
Nov 202203,30585.005.65$18,661
Oct 202203,35487.185.86$19,667
Sep 202203,26184.888.16$26,622
Aug 202203,34294.529.13$30,503
Jul 202203,382101.587.54$25,507
Jun 202203,108115.097.98$24,793
May 202223,287109.378.43$27,938
Apr 2022403,176104.226.84$25,885
Mar 202203,357108.885.08$17,041
Feb 202203,36091.054.86$16,326
Jan 202203,50381.844.54$15,895
Dec 202103,49471.323.90$13,624
Nov 202103,06277.435.24$16,035
Oct 202123,69579.795.71$21,272
Sep 2021273,39969.865.35$20,074
Aug 202103,70566.024.22$15,637
Jul 202113,38270.783.98$13,538
Jun 2021363,23069.493.38$13,421
May 202103,55363.483.02$10,722
Apr 202103,62360.362.76$9,994
Mar 202103,64061.302.72$9,890
Feb 202151,98057.805.55$11,274
Jan 2021493,30250.412.81$11,750
Dec 202003,21144.642.68$8,591
Nov 202002,60938.772.71$7,061
Oct 202002,76436.972.48$6,850
Sep 202002,55037.091.99$5,077
Aug 202002,72639.982.39$6,502
Jul 202062,67038.371.83$5,103
Jun 2020512,66534.901.69$6,285
May 202002,73516.921.81$4,963
Apr 202002,51114.751.80$4,531
Mar 202002,93730.341.86$5,452
Feb 202002,72049.881.98$5,387
Jan 202022,86757.252.09$6,120
Dec 2019242,45059.012.30$7,062
Nov 201903,16955.302.75$8,717
Oct 201903,58753.472.42$8,675
Sep 2019213,84955.052.66$11,384
Aug 201903,87553.112.30$8,929
Jul 201913,72056.272.46$9,208
Jun 2019493,05152.782.49$10,187
May 201902,70658.482.74$7,415
Apr 201903,16862.632.75$8,714
Mar 2019103,64356.803.06$11,723
Feb 201905,64650.852.79$15,765
Jan 201902,64346.033.23$8,532
Dec 201802,62146.594.19$10,970
Nov 201802,26352.934.24$9,589
Oct 201803,45061.443.40$11,723
Sep 201803,30659.543.11$10,275
Aug 201803,10959.403.07$9,534
Jul 201802,56365.142.93$7,514
Jun 201802,82860.183.08$8,702
May 2018252,06265.382.90$7,616
Apr 201801,78063.842.90$5,163
Mar 201801,79161.222.79$4,991
Feb 201801,60161.782.77$4,429
Jan 201804,09862.874.01$16,430
Dec 201704,34757.272.92$12,700
Nov 201704,70555.423.12$14,672
Oct 201704,66949.292.98$13,931
Sep 201704,92447.523.09$15,202
Aug 2017795,97545.373.00$21,536
Jul 201707,44243.873.09$22,976
Jun 201705,48342.493.09$16,928
May 20171875,90245.373.26$27,745
Apr 201705,68647.933.21$18,261
Mar 201715,89846.772.98$17,645
Feb 201742,00550.452.95$6,122
Jan 201704,32049.413.42$14,769
Dec 2016421,52948.763.72$7,740
Nov 201602,75942.492.64$7,296
Oct 201602,70546.193.09$8,359
Sep 201604,67541.553.10$14,495
Aug 201604,61341.442.92$13,490
Jul 201602,83441.622.92$8,288
Jun 2016233,36345.352.69$10,076
May 201603,85442.521.99$7,673
Apr 201603,89636.561.99$7,757
Mar 201604,20733.011.79$7,547
Feb 201604,32426.472.06$8,923
Jan 201605,28227.352.36$12,489
Dec 2015655,48732.362.00$13,085
Nov 201504,88038.792.17$10,577
Oct 201505,47743.552.43$13,290
Sep 201504,23742.992.76$11,687
Aug 201502,61840.162.87$7,520
Jul 2015563,64048.152.95$13,416
Jun 201504,52056.152.88$13,031
May 201505,64055.212.96$16,669
Apr 201505,80949.822.71$15,722
Mar 201506,04242.892.93$17,732
Feb 20151014,21644.662.98$17,058
Jan 201505,21443.433.10$16,167
Dec 201405,28054.693.59$18,962
Nov 20141885,10670.464.25$34,956
Oct 201401,03778.303.90$4,045
Sep 2014088786.164.05$3,588
Aug 201404,98989.394.04$20,131
Jul 2014071396.564.18$2,980
Jun 201403,74798.164.74$17,749
May 2014592,84094.734.73$19,013
Apr 201401,06495.944.81$5,117
Mar 201402,21095.895.06$11,176
Feb 201405,28097.406.19$32,694
Jan 2014594,69590.404.86$28,155
Dec 201304,01191.824.35$17,466
Nov 2013575,50188.853.74$25,629
Oct 201303,51897.423.78$13,296
Sep 2013774,301104.113.72$24,006
Aug 201303,738104.253.52$13,168
Jul 201303,649102.523.72$13,566
Jun 201392,34394.403.93$10,066
May 201302,32194.834.15$9,630
Apr 2013753,56493.964.28$22,310
Mar 201303,78493.623.91$14,806
Feb 201302,54991.233.42$8,717
Jan 201303,02491.603.42$10,342
Dec 201204,90086.773.42$16,759
Nov 201204,76586.953.62$17,273
Oct 201205,08289.383.40$17,277
Sep 201204,94094.672.92$14,417
Aug 201205,85792.662.91$17,033
Jul 201201,28585.133.02$3,882
Jun 201203,67379.822.52$9,252
May 201204,10691.612.49$10,217
Apr 201204,886101.652.00$9,756
Mar 201203,812105.052.22$8,471
Feb 201205,151101.102.57$13,239
Jan 201204,27798.092.73$11,694
Dec 201105,12496.873.24$16,600
Nov 201105,35195.723.31$17,719
Oct 201106,92684.983.65$25,270
Sep 201105,50183.623.99$21,926
Aug 201106,27183.404.15$26,020
Jul 201106,05394.144.52$27,343
Jun 201106,91792.904.64$32,094
May 201106,23798.134.40$27,473
Apr 201105,932105.964.33$25,705
Mar 201106,52996.364.06$26,490
Feb 2011094285.644.18$3,938
Jan 201105,57486.504.59$25,578
Dec 201006,22685.734.35$27,069
Nov 201004,91280.843.80$18,643
Oct 201007,83978.103.51$27,506
Sep 201007,28972.633.98$29,006
Aug 201007,99473.684.42$35,328
Jul 201007,10972.554.74$33,672
Jun 2010035870.364.91$1,758
May 2010044071.124.24$1,864
Apr 2010046781.694.12$1,925
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 2009912654.743.93$5,083
Apr 200908,23946.773.59$29,557
Mar 20092018,38942.144.06$42,521
Feb 200907,57632.814.63$35,100
Jan 200908,78735.865.37$47,195
Dec 200808,31437.105.98$49,694
Nov 200808,43855.496.86$57,888
Oct 20081819,11875.246.92$76,733
Sep 200807,533101.767.88$59,338
Aug 200807,200114.228.48$61,078
Jul 200808,231131.0811.39$93,746
Jun 20081878,194131.3313.03$131,348
May 200808,716123.1711.57$100,882
Apr 200808,105110.3110.45$84,737
Mar 200809,101101.909.66$87,953
Feb 200809,21392.538.77$80,803
Jan 200818110,08290.388.21$99,089
Dec 2007010,09288.337.30$73,691
Nov 20072009,71591.677.29$89,173
Oct 2007010,65982.856.92$73,781
Sep 2007010,81475.846.24$67,524
Aug 2007011,43569.066.39$73,046
Jul 200715411,43770.906.39$83,977
Jun 2007011,63862.007.55$87,849
May 20071879,24458.747.85$83,515
Apr 200708,85159.617.81$69,084
Mar 200705,28756.927.30$38,606
Feb 20072068,62855.108.22$82,238
Jan 200719712,20950.306.73$92,037
Dec 2006014,59856.656.92$100,995
Nov 200619810,79754.207.62$92,978
Oct 2006011,99354.906.01$72,124
Sep 200618313,66260.085.04$79,813
Aug 20068714,75568.717.34$114,278
Jul 200618114,48569.376.34$104,431
Jun 2006016,42066.286.38$104,823
May 200618617,06566.016.42$121,920
Apr 200635717,52264.397.36$151,958
Mar 200619219,43156.707.08$148,515
Feb 200620219,96157.597.75$166,353
Jan 200619124,02460.598.93$226,187
Dec 200534529,00754.9413.42$408,095
Nov 2005028,40954.6910.59$300,806

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             7 bbl  × $106.41 =       $745
Gas                2,123 Mcf  × $  3.05 =     $6,466

────────────────────────────────────────────────────
Month total                                   $7,211

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/214960 is the state's own key, not one this site invented.