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 216001District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.1 M
Jan 2006 – May 2026
Value, last 12 filed months
$112 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
CondensateDisposition4,090 bbl$277,780
GasProduction1,659,431 Mcf$8,830,359
Total$9,108,139

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 202602,103106.413.05$6,405
Apr 202602,63598.932.87$7,562
Mar 202602,68389.753.15$8,450
Feb 202602,12863.503.75$7,981
Jan 202602,44659.138.00$19,563
Dec 202501,30856.664.41$5,773
Nov 202502,60858.593.93$10,240
Oct 202502,52459.383.30$8,341
Sep 202502,89462.743.08$8,905
Aug 202502,89863.933.01$8,737
Jul 202503,45966.743.32$11,467
Jun 202502,73066.483.13$8,541
May 202503,24560.553.23$10,489
Apr 2025343,32162.363.54$13,887
Mar 202502,47567.704.27$10,564
Feb 202501,91370.884.34$8,304
Jan 202503,98174.324.28$17,033
Dec 202403,26868.993.12$10,201
Nov 202404,23569.052.20$9,310
Oct 202404,31571.372.28$9,844
Sep 2024253,19769.612.36$9,299
Aug 202403,71275.632.06$7,660
Jul 202403,14279.932.15$6,745
Jun 202403,01778.082.63$7,947
May 202401,11378.812.20$2,447
Apr 202403,10984.451.66$5,158
Mar 202403,63680.301.55$5,618
Feb 202401,14476.091.78$2,040
Jan 2024041573.023.30$1,369
Dec 2023034671.262.61$903
Nov 202302,21377.892.81$6,213
Oct 2023032085.443.09$988
Sep 202303,50089.042.74$9,573
Aug 202308,30980.522.67$22,209
Jul 202301,70174.852.64$4,494
Jun 2023027068.962.26$610
May 2023020270.622.23$450
Apr 2023029678.122.24$662
Mar 202309172.852.39$218
Feb 202302975.112.47$72
Jan 2023029576.533.39$999
Dec 202201,40876.415.73$8,067
Nov 2022020385.005.65$1,146
Oct 202204,01487.185.86$23,537
Sep 202204,84784.888.16$39,569
Aug 202204,22994.529.13$38,599
Jul 202203,872101.587.54$29,203
Jun 202202,679115.097.98$21,371
May 202203,724109.378.43$31,405
Apr 202203,342104.226.84$22,851
Mar 202202,900108.885.08$14,722
Feb 202242,24791.054.86$11,282
Jan 2022333,80681.844.54$19,971
Dec 202103,40971.323.90$13,292
Nov 202103,50577.435.24$18,355
Oct 202103,97579.795.71$22,713
Sep 202103,73869.865.35$20,002
Aug 202104,20066.024.22$17,726
Jul 202104,26270.783.98$16,972
Jun 202104,14669.493.38$14,016
May 202104,41463.483.02$13,320
Apr 202105,30960.362.76$14,644
Mar 202135,34461.302.72$14,703
Feb 2021391,67757.805.55$11,558
Jan 202103,60250.412.81$10,123
Dec 202003,58944.642.68$9,602
Nov 202004,06638.772.71$11,005
Oct 2020884,16236.972.48$13,569
Sep 202003,95037.091.99$7,865
Aug 202014,13639.982.39$9,905
Jul 2020634,84838.371.83$11,265
Jun 2020623,72934.901.69$8,467
May 202003,59116.921.81$6,517
Apr 202002,96714.751.80$5,354
Mar 202003,15630.341.86$5,858
Feb 202003,38449.881.98$6,703
Jan 202003,17557.252.09$6,651
Dec 201901,42759.012.30$3,288
Nov 201906,04355.302.75$16,622
Oct 201917,56953.472.42$18,359
Sep 2019297,29555.052.66$20,981
Aug 201907,18353.112.30$16,552
Jul 201905,64756.272.46$13,892
Jun 201906,97152.782.49$17,366
May 201906,32558.482.74$17,333
Apr 201905,63162.632.75$15,489
Mar 2019104,73756.803.06$15,073
Feb 2019356,16050.852.79$18,980
Jan 201905,99446.033.23$19,350
Dec 201801,53846.594.19$6,437
Nov 201802,90952.934.24$12,326
Oct 201804,87261.443.40$16,555
Sep 201802,53859.543.11$7,888
Aug 201803,62359.403.07$11,110
Jul 201802,13465.142.93$6,257
Jun 201806,75860.183.08$20,794
May 201802,71465.382.90$7,873
Apr 201802,47063.842.90$7,165
Mar 201805,15861.222.79$14,375
Feb 201804,64161.782.77$12,838
Jan 201803,67762.874.01$14,742
Dec 201706,39557.272.92$18,683
Nov 201706,85755.423.12$21,383
Oct 201706,53449.292.98$19,495
Sep 201705,26147.523.09$16,242
Aug 201735,74445.373.00$17,393
Jul 2017613,75143.873.09$14,256
Jun 201705,00342.493.09$15,446
May 201705,03945.373.26$16,444
Apr 201703,72647.933.21$11,966
Mar 201704,71246.772.98$14,059
Feb 201702,06050.452.95$6,082
Jan 201702,52049.413.42$8,615
Dec 201605,75448.763.72$21,421
Nov 201606,41442.492.64$16,961
Oct 201606,45746.193.09$19,954
Sep 201606,40241.553.10$19,850
Aug 201606,54841.442.92$19,149
Jul 201605,82741.622.92$17,040
Jun 201606,08345.352.69$16,338
May 201606,85442.521.99$13,647
Apr 2016636,74836.561.99$15,739
Mar 201607,58733.011.79$13,611
Feb 201607,05426.472.06$14,557
Jan 201607,47427.352.36$17,671
Dec 201507,07232.362.00$14,154
Nov 201507,32138.792.17$15,867
Oct 201507,80743.552.43$18,944
Sep 201505,26742.992.76$14,529
Aug 201503,23140.162.87$9,281
Jul 2015068348.152.95$2,011
Jun 2015068456.152.88$1,972
May 2015079455.212.96$2,347
Apr 2015062149.822.71$1,681
Mar 2015065142.892.93$1,911
Feb 201501,80344.662.98$5,366
Jan 201501,14443.433.10$3,547
Dec 2014073054.693.59$2,622
Nov 201401,80870.464.25$7,687
Oct 201402,30378.303.90$8,984
Sep 201401,63286.164.05$6,602
Aug 201402,30789.394.04$9,309
Jul 201402,72696.564.18$11,394
Jun 201403,17398.164.74$15,030
May 20141914,06894.734.73$37,321
Apr 201403,40495.944.81$16,370
Mar 201404,27895.895.06$21,633
Feb 201405,34597.406.19$33,096
Jan 201403,50490.404.86$17,032
Dec 201302,19091.824.35$9,536
Nov 201304,07088.853.74$15,215
Oct 201307,02297.423.78$26,539
Sep 201306,704104.113.72$24,924
Aug 201307,095104.253.52$24,993
Jul 201307,690102.523.72$28,589
Jun 201306,39194.403.93$25,138
May 201305,66694.834.15$23,509
Apr 201305,28593.964.28$22,633
Mar 201304,30093.623.91$16,825
Feb 201304,46391.233.42$15,263
Jan 201305,59491.603.42$19,131
Dec 201205,24786.773.42$17,946
Nov 201204,00386.953.62$14,511
Oct 201202,04489.383.40$6,949
Sep 201203,82894.672.92$11,172
Aug 201202,92792.662.91$8,512
Jul 201204,10285.133.02$12,391
Jun 2012039079.822.52$982
May 201204,73291.612.49$11,775
Apr 201206,022101.652.00$12,025
Mar 201205,183105.052.22$11,517
Feb 201204,300101.102.57$11,052
Jan 201206,08998.092.73$16,648
Dec 201106,69196.873.24$21,677
Nov 201102,14095.723.31$7,086
Oct 2011068684.983.65$2,503
Sep 201102,07483.623.99$8,267
Aug 201103,95083.404.15$16,390
Jul 201105,54494.144.52$25,044
Jun 201107,09092.904.64$32,897
May 201107,35698.134.40$32,402
Apr 2011012,390105.964.33$53,689
Mar 2011018,12596.364.06$73,539
Feb 20112714,53085.644.18$63,047
Jan 201108,27886.504.59$37,986
Dec 201006,74585.734.35$29,326
Nov 201005,72480.843.80$21,724
Oct 2010012,60478.103.51$44,226
Sep 2010858,58972.633.98$40,353
Aug 201005,69073.684.42$25,146
Jul 201004,69972.554.74$22,257
Jun 201008,26370.364.91$40,575
May 201006,78971.124.24$28,753
Apr 201009,41981.694.12$38,832
Mar 20101996,72078.394.39$45,091
Feb 201003,32373.585.44$18,085
Jan 201007,67474.365.96$45,768
Dec 200907,37871.445.48$40,459
Nov 200907,46774.593.75$28,012
Oct 200904,70272.544.11$19,326
Sep 200901,67165.543.06$5,121
Aug 200907,46667.423.22$24,029
Jul 2009010,92861.133.46$37,860
Jun 200906,30266.163.90$24,546
May 20090054.743.93$0
Apr 2009010,28146.773.59$36,883
Mar 2009010,52742.144.06$42,729
Feb 200903,21732.814.63$14,904
Jan 200909,05235.865.37$48,618
Dec 200808,41637.105.98$50,304
Nov 200808,88455.496.86$60,947
Oct 200807,82375.246.92$54,151
Sep 200804,850101.767.88$38,204
Aug 200808,758114.228.48$74,294
Jul 200805,027131.0811.39$57,255
Jun 200808,369131.3313.03$109,070
May 200817919,470123.1711.57$247,399
Apr 2008020,415110.3110.45$213,436
Mar 2008022,046101.909.66$213,054
Feb 2008022,34592.538.77$195,979
Jan 200819524,62290.388.21$219,666
Dec 200719325,52688.337.30$203,438
Nov 2007018,36591.677.29$133,912
Oct 2007016,12282.856.92$111,596
Sep 2007016,12875.846.24$100,706
Aug 2007017,69169.066.39$113,009
Jul 200719118,41970.906.39$131,201
Jun 2007018,17062.007.55$137,155
May 200716817,22558.747.85$145,020
Apr 2007018,53659.617.81$144,677
Mar 200719621,32556.927.30$166,871
Feb 2007012,17655.108.22$100,038
Jan 2007021,14050.306.73$142,206
Dec 200620622,18256.656.92$165,135
Nov 200618922,45454.207.62$181,287
Oct 2006024,58054.906.01$147,819
Sep 200618124,66060.085.04$135,092
Aug 200619726,52868.717.34$208,249
Jul 200618728,10169.376.34$191,210
Jun 2006029,14666.286.38$186,065
May 200617132,59966.016.42$220,736
Apr 200638034,43764.397.36$277,941
Mar 200620440,52856.707.08$298,623
Feb 200619751,60657.597.75$411,350
Jan 2006021,33660.598.93$190,601

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                2,103 Mcf  × $  3.05 =     $6,405

────────────────────────────────────────────────────
Month total                                   $6,405

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/216001 is the state's own key, not one this site invented.