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 215996District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.2 M
Jan 2006 – May 2026
Value, last 12 filed months
$96 k
at the published price for each month
Months reported
245
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
CondensateDisposition3,661 bbl$268,441
GasProduction966,333 Mcf$4,968,098
Total$5,236,539

Every month this lease reported (245)

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

245 months

May 202602,389106.413.05$7,277
Apr 202601,96998.932.87$5,650
Mar 202602,24289.753.15$7,061
Feb 202601,73863.503.75$6,518
Jan 202601,62459.138.00$12,989
Dec 202502,35856.664.41$10,407
Nov 202501,69158.593.93$6,640
Oct 202501,94059.383.30$6,411
Sep 202502,97262.743.08$9,145
Aug 202502,65963.933.01$8,016
Jul 202502,74866.743.32$9,110
Jun 202502,26966.483.13$7,099
May 202502,40960.553.23$7,787
Apr 2025182,68662.363.54$10,639
Mar 202502,41167.704.27$10,291
Feb 202501,36970.884.34$5,943
Jan 202501,55074.324.28$6,632
Dec 202402,04668.993.12$6,386
Nov 202402,06669.052.20$4,542
Oct 202402,08771.372.28$4,761
Sep 202402,25269.612.36$5,325
Aug 202402,63375.632.06$5,434
Jul 202403,32879.932.15$7,144
Jun 202402,45578.082.63$6,466
May 202401,19378.812.20$2,623
Apr 202402,41684.451.66$4,009
Mar 202403,13780.301.55$4,847
Feb 202401,36176.091.78$2,428
Jan 2024060873.023.30$2,005
Dec 202301,22471.262.61$3,196
Nov 202301,36477.892.81$3,830
Oct 202301,80285.443.09$5,563
Sep 2023052789.042.74$1,441
Aug 2023083280.522.67$2,224
Jul 2023064974.852.64$1,715
Jun 2023050668.962.26$1,143
May 202301,56970.622.23$3,495
Apr 202301,77178.122.24$3,963
Mar 202302,75372.852.39$6,588
Feb 202301,87075.112.47$4,611
Jan 202302,70176.533.39$9,150
Dec 2022054576.415.73$3,122
Nov 2022059585.005.65$3,359
Oct 202202,54787.185.86$14,935
Sep 202201,82784.888.16$14,915
Aug 202202,09194.529.13$19,085
Jul 202202,525101.587.54$19,044
Jun 202201,159115.097.98$9,246
May 202202,231109.378.43$18,814
Apr 202201,849104.226.84$12,643
Mar 202201,423108.885.08$7,224
Feb 202232,54491.054.86$12,634
Jan 2022292,06681.844.54$11,748
Dec 202102,09771.323.90$8,176
Nov 202101,47377.435.24$7,714
Oct 202102,14579.795.71$12,256
Sep 202102,03969.865.35$10,911
Aug 202102,30666.024.22$9,733
Jul 202102,47170.783.98$9,840
Jun 202101,90669.493.38$6,443
May 202101,98963.483.02$6,002
Apr 202101,86860.362.76$5,153
Mar 202102,52061.302.72$6,847
Feb 202101,27557.805.55$7,074
Jan 202101,37450.412.81$3,861
Dec 202001,66544.642.68$4,455
Nov 202002,49938.772.71$6,764
Oct 202002,46936.972.48$6,119
Sep 202002,09037.091.99$4,161
Aug 202002,14939.982.39$5,126
Jul 202012,33338.371.83$4,296
Jun 2020292,28834.901.69$4,880
May 202001,86316.921.81$3,381
Apr 202001,29514.751.80$2,337
Mar 2020021830.341.86$405
Feb 202001,20749.881.98$2,391
Jan 202001,31357.252.09$2,750
Dec 2019082459.012.30$1,899
Nov 201901,72155.302.75$4,734
Oct 201911,32153.472.42$3,248
Sep 2019361,76955.052.66$6,683
Aug 201902,07653.112.30$4,784
Jul 2019057556.272.46$1,415
Jun 201902,04852.782.49$5,102
May 201902,31258.482.74$6,336
Apr 201901,51262.632.75$4,159
Mar 201901,00656.803.06$3,080
Feb 2019351,51350.852.79$6,004
Jan 201901,74246.033.23$5,623
Dec 201802,57046.594.19$10,757
Nov 201802,30752.934.24$9,775
Oct 201801,98661.443.40$6,749
Sep 201801,39859.543.11$4,345
Aug 201801,82559.403.07$5,596
Jul 201801,32565.142.93$3,885
Jun 201801,87660.183.08$5,772
May 201801,85765.382.90$5,387
Apr 201801,94363.842.90$5,636
Mar 201801,47261.222.79$4,102
Feb 201801,39761.782.77$3,864
Jan 201803,06262.874.01$12,277
Dec 201703,01757.272.92$8,814
Nov 201703,56455.423.12$11,114
Oct 201703,87549.292.98$11,562
Sep 201703,41047.523.09$10,528
Aug 201713,29945.373.00$9,957
Jul 2017582,02043.873.09$8,781
Jun 201702,64742.493.09$8,172
May 201703,53845.373.26$11,546
Apr 201702,49947.933.21$8,026
Mar 201703,22946.772.98$9,634
Feb 201701,47750.452.95$4,361
Jan 201703,13449.413.42$10,715
Dec 201601,95048.763.72$7,260
Nov 201602,80142.492.64$7,407
Oct 201602,37146.193.09$7,327
Sep 201603,39641.553.10$10,530
Aug 201603,32241.442.92$9,715
Jul 201602,29541.622.92$6,711
Jun 201603,58445.352.69$9,626
May 201604,54842.521.99$9,055
Apr 20161003,62136.561.99$10,866
Mar 201603,46433.011.79$6,214
Feb 201603,99326.472.06$8,240
Jan 201602,88827.352.36$6,828
Dec 201503,67532.362.00$7,355
Nov 201503,27038.792.17$7,087
Oct 201504,68943.552.43$11,378
Sep 201504,27942.992.76$11,803
Aug 201504,00740.162.87$11,510
Jul 201503,32648.152.95$9,795
Jun 201501,56656.152.88$4,515
May 201502,98655.212.96$8,825
Apr 20151363,41049.822.71$16,005
Mar 201503,51242.892.93$10,307
Feb 201502,84444.662.98$8,464
Jan 201503,53543.433.10$10,961
Dec 2014724,21554.693.59$19,075
Nov 201403,92370.464.25$16,680
Oct 201402,83878.303.90$11,071
Sep 201403,51786.164.05$14,228
Aug 201403,27189.394.04$13,199
Jul 201403,94396.564.18$16,480
Jun 201402,85098.164.74$13,500
May 20141922,87094.734.73$31,753
Apr 201403,13995.944.81$15,096
Mar 201403,92495.895.06$19,843
Feb 201402,53197.406.19$15,672
Jan 201404,37590.404.86$21,266
Dec 201303,41091.824.35$14,849
Nov 201303,11788.853.74$11,652
Oct 2013077097.423.78$2,910
Sep 20130560104.113.72$2,082
Aug 201301,066104.253.52$3,755
Jul 20130852102.523.72$3,168
Jun 2013082594.403.93$3,245
May 2013053194.834.15$2,203
Apr 20131901,95593.964.28$26,225
Mar 201301,88093.623.91$7,356
Feb 201301,29591.233.42$4,429
Jan 201301,58391.603.42$5,414
Dec 201201,69686.773.42$5,801
Nov 201202,56586.953.62$9,298
Oct 201201,63989.383.40$5,572
Sep 201203,74294.672.92$10,921
Aug 201203,59992.662.91$10,466
Jul 20121701,21985.133.02$18,154
Jun 201203,56479.822.52$8,978
May 201202,59791.612.49$6,462
Apr 20120930101.652.00$1,857
Mar 201202,011105.052.22$4,469
Feb 201203,079101.102.57$7,914
Jan 201202,92098.092.73$7,984
Dec 20111913,46496.873.24$29,725
Nov 201102,63595.723.31$8,725
Oct 2011098184.983.65$3,579
Sep 2011089083.623.99$3,547
Aug 201107,91783.404.15$32,850
Jul 201104,73194.144.52$21,371
Jun 201105,05792.904.64$23,464
May 201105,19198.134.40$22,865
Apr 201104,683105.964.33$20,293
Mar 201104,74796.364.06$19,260
Feb 20111383,95885.644.18$28,363
Jan 201105,86986.504.59$26,932
Dec 20101721,42185.734.35$20,924
Nov 201003,56380.843.80$13,523
Oct 201002,97778.103.51$10,446
Sep 201006,64672.633.98$26,448
Aug 201004,54573.684.42$20,086
Jul 2010010,34472.554.74$48,994
Jun 201004,75070.364.91$23,324
May 201008,32171.124.24$35,241
Apr 201005,51681.694.12$22,741
Mar 20101835,48278.394.39$38,404
Feb 201006,09573.585.44$33,171
Jan 201004,45974.365.96$26,594
Dec 200906,71171.445.48$36,801
Nov 200905,78474.593.75$21,699
Oct 200905,85572.544.11$24,066
Sep 20091888,92665.543.06$39,677
Aug 200906,86867.423.22$22,105
Jul 200907,17561.133.46$24,858
Jun 200905,00366.163.90$19,487
May 200905454.743.93$212
Apr 200903,76546.773.59$13,507
Mar 20091967,56342.144.06$38,958
Feb 200905,52132.814.63$25,579
Jan 200908,35935.865.37$44,896
Dec 200806,14537.105.98$36,730
Nov 200807,99155.496.86$54,821
Oct 200808,01375.246.92$55,466
Sep 200807,674101.767.88$60,449
Aug 20080460114.228.48$3,902
Jul 200805,079131.0811.39$57,847
Jun 20081963,510131.3313.03$71,485
May 200808,627123.1711.57$99,851
Apr 200807,013110.3110.45$73,320
Mar 200809,067101.909.66$87,624
Feb 200808,74192.538.77$76,664
Jan 20081959,95890.388.21$99,337
Dec 2007011,41588.337.30$83,352
Nov 200708,01891.677.29$58,465
Oct 200709,11082.856.92$63,059
Sep 200709,63175.846.24$60,138
Aug 200719010,47169.066.39$80,010
Jul 2007010,81370.906.39$69,073
Jun 200708,59762.007.55$64,894
May 2007189,07258.747.85$72,239
Apr 20071939,35459.617.81$84,515
Mar 2007010,46756.927.30$76,430
Feb 200709,54855.108.22$78,446
Jan 200719710,06750.306.73$77,628
Dec 2006014,23456.656.92$98,477
Nov 200619513,42154.207.62$112,803
Oct 2006015,30654.906.01$92,047
Sep 2006015,84760.085.04$79,825
Aug 200618717,83668.717.34$143,764
Jul 2006017,91669.376.34$113,637
Jun 2006020,65866.286.38$131,878
May 20061519,34566.016.42$70,009
Apr 2006014,87164.397.36$109,458
Mar 2006020,96756.707.08$148,508
Feb 2006025,33257.597.75$196,351
Jan 200604,22660.598.93$37,752

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                2,389 Mcf  × $  3.05 =     $7,277

────────────────────────────────────────────────────
Month total                                   $7,277

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/215996 is the state's own key, not one this site invented.