RAY UNIT

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) 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 217761District 09Field 65280200CondensateGasSaveExport
Value, all time
$11.9 M
Jul 2005 – May 2026
Value, last 12 filed months
$215 k
at the published price for each month
Months reported
251
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
CondensateDisposition5,117 bbl$369,857
GasProduction2,336,177 Mcf$11,514,282
Total$11,884,139

Every month this lease reported (251)

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

251 months

May 202604,726106.413.05$14,395
Apr 202604,59098.932.87$13,172
Mar 2026364,66789.753.15$17,929
Feb 202604,23763.503.75$15,890
Jan 202604,64459.138.00$37,142
Dec 202504,76456.664.41$21,025
Nov 202504,77458.593.93$18,745
Oct 202505,18459.383.30$17,132
Sep 202504,90962.743.08$15,105
Aug 202505,10563.933.01$15,390
Jul 202504,72466.743.32$15,661
Jun 202504,25466.483.13$13,310
May 202504,65460.553.23$15,043
Apr 2025374,61862.363.54$18,669
Mar 2025384,83967.704.27$23,227
Feb 202504,02870.884.34$17,485
Jan 202514,72874.324.28$20,304
Dec 202404,82168.993.12$15,048
Nov 202404,86369.052.20$10,691
Oct 202405,07971.372.28$11,587
Sep 202404,69169.612.36$11,091
Aug 202404,94775.632.06$10,209
Jul 202404,80479.932.15$10,312
Jun 202404,67878.082.63$12,322
May 202404,96978.812.20$10,924
Apr 202404,72684.451.66$7,841
Mar 202405,03180.301.55$7,774
Feb 202404,72676.091.78$8,429
Jan 202405,04373.023.30$16,630
Dec 202305,07771.262.61$13,255
Nov 202305,00477.892.81$14,049
Oct 202305,27585.443.09$16,285
Sep 202305,18289.042.74$14,173
Aug 202305,27680.522.67$14,102
Jul 202305,33674.852.64$14,097
Jun 202305,35968.962.26$12,103
May 202305,50970.622.23$12,271
Apr 202305,36878.122.24$12,012
Mar 20231785,42272.852.39$25,943
Feb 202303,24975.112.47$8,011
Jan 202304,63576.533.39$15,702
Dec 202205,37576.415.73$30,794
Nov 202205,39485.005.65$30,456
Oct 202205,53187.185.86$32,432
Sep 202205,42784.888.16$44,304
Aug 202205,51594.529.13$50,336
Jul 202203,698101.587.54$27,891
Jun 202204,242115.097.98$33,839
May 202203,969109.378.43$33,471
Apr 202204,641104.226.84$31,733
Mar 202205,729108.885.08$29,083
Feb 202205,14891.054.86$25,013
Jan 202205,67281.844.54$25,738
Dec 202105,97971.323.90$23,313
Nov 202105,91577.435.24$30,976
Oct 202106,10079.795.71$34,855
Sep 202105,82569.865.35$31,169
Aug 202106,01166.024.22$25,370
Jul 202106,04970.783.98$24,088
Jun 202105,79069.493.38$19,574
May 202106,17363.483.02$18,628
Apr 202106,13060.362.76$16,909
Mar 202106,48961.302.72$17,630
Feb 202105,09957.805.55$28,289
Jan 202106,48550.412.81$18,225
Dec 202006,62344.642.68$17,720
Nov 202006,37938.772.71$17,265
Oct 202006,90936.972.48$17,123
Sep 202006,14237.091.99$12,229
Aug 202005,97639.982.39$14,253
Jul 202005,74738.371.83$10,489
Jun 202005,62034.901.69$9,500
May 202005,79716.921.81$10,520
Apr 202005,52714.751.80$9,973
Mar 202005,88130.341.86$10,916
Feb 202005,41149.881.98$10,717
Jan 202006,16257.252.09$12,908
Dec 201906,02759.012.30$13,888
Nov 201906,24055.302.75$17,164
Oct 201906,76953.472.42$16,371
Sep 201906,03755.052.66$16,042
Aug 201906,37953.112.30$14,700
Jul 201906,22556.272.46$15,314
Jun 201906,00952.782.49$14,970
May 201906,38758.482.74$17,502
Apr 201905,34262.632.75$14,694
Mar 201906,47356.803.06$19,821
Feb 201905,74050.852.79$16,027
Jan 201906,62146.033.23$21,374
Dec 201806,87146.594.19$28,758
Nov 201806,70652.934.24$28,415
Oct 201806,69761.443.40$22,757
Sep 201805,22059.543.11$16,224
Aug 201805,77759.403.07$17,716
Jul 201806,36065.142.93$18,647
Jun 201806,38460.183.08$19,643
May 2018326,47865.382.90$20,884
Apr 2018776,03463.842.90$22,419
Mar 201805,93861.222.79$16,548
Feb 201805,27061.782.77$14,577
Jan 201806,68862.874.01$26,814
Dec 201706,43657.272.92$18,803
Nov 201706,35355.423.12$19,811
Oct 2017646,35349.292.98$22,110
Sep 201706,34047.523.09$19,573
Aug 201706,61445.373.00$19,871
Jul 201706,64743.873.09$20,521
Jun 201706,57242.493.09$20,290
May 201706,73145.373.26$21,966
Apr 201706,47947.933.21$20,808
Mar 201708,07446.772.98$24,090
Feb 2017012,38050.452.95$36,553
Jan 201707,59349.413.42$25,959
Dec 201608,74148.763.72$32,541
Nov 201607,43642.492.64$19,663
Oct 201607,50046.193.09$23,177
Sep 201606,87741.553.10$21,323
Aug 201607,31441.442.92$21,389
Jul 201607,42941.622.92$21,725
Jun 201607,29545.352.69$19,593
May 201607,46342.521.99$14,859
Apr 201607,26636.561.99$14,467
Mar 201607,49833.011.79$13,451
Feb 2016806,88926.472.06$16,334
Jan 201607,76527.352.36$18,359
Dec 201507,85432.362.00$15,719
Nov 201507,46738.792.17$16,183
Oct 201507,86943.552.43$19,095
Sep 201507,58642.992.76$20,925
Aug 201507,79340.162.87$22,385
Jul 201507,75848.152.95$22,848
Jun 201507,64656.152.88$22,042
May 201508,00855.212.96$23,667
Apr 201507,84149.822.71$21,222
Mar 201508,22342.892.93$24,132
Feb 201507,37444.662.98$21,946
Jan 201508,25143.433.10$25,583
Dec 2014538,35054.693.59$32,886
Nov 201408,03270.464.25$34,151
Oct 201408,70078.303.90$33,938
Sep 201408,56986.164.05$34,665
Aug 2014348,52789.394.04$37,447
Jul 201408,78396.564.18$36,709
Jun 201408,63698.164.74$40,908
May 201409,17094.734.73$43,343
Apr 201408,72595.944.81$41,960
Mar 201408,63995.895.06$43,686
Feb 201407,80297.406.19$48,310
Jan 201408,81190.404.86$42,828
Dec 201309,41391.824.35$40,989
Nov 201308,40188.853.74$31,405
Oct 201308,89997.423.78$33,633
Sep 201308,212104.113.72$30,530
Aug 201308,307104.253.52$29,262
Jul 201308,026102.523.72$29,839
Jun 201307,06394.403.93$27,782
May 201304,10994.834.15$17,049
Apr 201302,04693.964.28$8,762
Mar 201306,12393.623.91$23,959
Feb 20130091.233.42$0
Jan 20130191.603.42$3
Dec 20121186.773.42$90
Nov 2012373,92286.953.62$17,434
Oct 201208,21789.383.40$27,935
Sep 20121887,90794.672.92$40,874
Aug 201208,12292.662.91$23,620
Jul 201208,09585.133.02$24,453
Jun 2012015,79079.822.52$39,776
May 201207,22191.612.49$17,968
Apr 201209,696101.652.00$19,361
Mar 201209,502105.052.22$21,114
Feb 2012010,094101.102.57$25,944
Jan 20121879,62398.092.73$44,653
Dec 201109,75196.873.24$31,591
Nov 201109,77495.723.31$32,364
Oct 2011010,75184.983.65$39,225
Sep 201109,72683.623.99$38,766
Aug 2011010,49283.404.15$43,535
Jul 2011010,79894.144.52$48,777
Jun 2011010,15592.904.64$47,118
May 2011010,14798.134.40$44,696
Apr 201109,896105.964.33$42,882
Mar 2011010,95796.364.06$44,456
Feb 201118810,07485.644.18$58,209
Jan 2011012,44586.504.59$57,107
Dec 2010011,93085.734.35$51,869
Nov 2010011,70380.843.80$44,417
Oct 2010011,90678.103.51$41,777
Sep 201018412,25472.633.98$62,128
Aug 2010012,49473.684.42$55,215
Jul 2010012,71872.554.74$60,239
Jun 2010011,91470.364.91$58,503
May 2010011,20471.124.24$47,451
Apr 201018812,73081.694.12$67,840
Mar 2010014,56678.394.39$63,925
Feb 2010012,35373.585.44$67,229
Jan 2010013,63574.365.96$81,320
Dec 2009013,25471.445.48$72,682
Nov 2009014,23974.593.75$53,418
Oct 2009015,32372.544.11$62,981
Sep 2009013,36665.543.06$40,963
Aug 200918714,83067.423.22$60,338
Jul 2009014,31861.133.46$49,605
Jun 2009015,26466.163.90$59,453
May 200919114,82154.743.93$68,639
Apr 2009015,35846.773.59$55,097
Mar 2009015,35842.144.06$62,338
Feb 2009013,74332.814.63$63,671
Jan 200918415,53535.865.37$90,037
Dec 2008015,29137.105.98$91,396
Nov 2008015,23255.496.86$104,497
Oct 2008016,96175.246.92$117,404
Sep 200816417,212101.767.88$152,269
Aug 2008017,951114.228.48$152,279
Jul 2008019,811131.0811.39$225,636
Jun 2008018,750131.3313.03$244,362
May 200817019,022123.1711.57$241,105
Apr 2008017,777110.3110.45$185,856
Mar 200818618,749101.909.66$200,145
Feb 2008019,48292.538.77$170,868
Jan 2008017,78090.388.21$145,898
Dec 20071908,10788.337.30$75,980
Nov 200719520,70991.677.29$168,879
Oct 2007022,16382.856.92$153,412
Sep 2007015,97075.846.24$99,719
Aug 200717821,67869.066.39$150,770
Jul 2007026,05270.906.39$166,419
Jun 200718024,28162.007.55$194,444
May 200718728,53958.747.85$234,909
Apr 2007028,68659.617.81$223,900
Mar 200719130,05256.927.30$230,311
Feb 200717627,58555.108.22$236,336
Jan 2007029,32550.306.73$197,265
Dec 200657135,21656.656.92$275,987
Nov 2006035,04254.207.62$266,932
Oct 2006024,73454.906.01$148,745
Sep 2006027,98160.085.04$140,946
Aug 2006031,31368.717.34$229,835
Jul 200618931,79669.376.34$214,785
Jun 200637538,42366.286.38$270,143
May 2006041,53266.016.42$266,843
Apr 2006030,19764.397.36$222,264
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0

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                4,726 Mcf  × $  3.05 =    $14,395

────────────────────────────────────────────────────
Month total                                  $14,395

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/217761 is the state's own key, not one this site invented.