SHIPP, CHARLES

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 223543District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.1 M
Jul 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
239
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
CondensateDisposition1 bbl$69
GasProduction1,718,875 Mcf$9,051,899
Total$9,051,967

Every month this lease reported (239)

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

239 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 202311,24168.962.26$2,872
May 202302,81070.622.23$6,259
Apr 202302,66378.122.24$5,959
Mar 202302,81872.852.39$6,744
Feb 202302,15575.112.47$5,314
Jan 202302,61776.533.39$8,866
Dec 202202,95476.415.73$16,924
Nov 202203,16085.005.65$17,842
Oct 202203,35487.185.86$19,667
Sep 202203,18184.888.16$25,969
Aug 202203,44294.529.13$31,416
Jul 202203,116101.587.54$23,501
Jun 202202,804115.097.98$22,368
May 202202,419109.378.43$20,400
Apr 202202,189104.226.84$14,968
Mar 202202,016108.885.08$10,234
Feb 202201,34491.054.86$6,530
Jan 202202,38681.844.54$10,827
Dec 202102,16271.323.90$8,430
Nov 202103,06177.435.24$16,030
Oct 202103,19879.795.71$18,273
Sep 202103,28569.865.35$17,578
Aug 202103,97666.024.22$16,781
Jul 202103,42170.783.98$13,623
Jun 202102,64369.493.38$8,935
May 202103,37463.483.02$10,182
Apr 202103,54460.362.76$9,776
Mar 202103,81861.302.72$10,373
Feb 202102,94657.805.55$16,344
Jan 202103,53250.412.81$9,926
Dec 202003,96244.642.68$10,600
Nov 202003,79738.772.71$10,277
Oct 202003,99236.972.48$9,894
Sep 202003,09637.091.99$6,164
Aug 202004,07539.982.39$9,719
Jul 202004,23338.371.83$7,726
Jun 202004,03734.901.69$6,824
May 202004,29416.921.81$7,793
Apr 202004,16314.751.80$7,512
Mar 202004,52630.341.86$8,401
Feb 202004,16349.881.98$8,246
Jan 202004,18557.252.09$8,766
Dec 201904,55559.012.30$10,496
Nov 201904,55755.302.75$12,535
Oct 201904,72953.472.42$11,437
Sep 201904,85855.052.66$12,909
Aug 201905,10353.112.30$11,759
Jul 201905,12356.272.46$12,603
Jun 201905,24852.782.49$13,074
May 201906,30758.482.74$17,283
Apr 201905,42362.632.75$14,917
Mar 201906,46756.803.06$19,803
Feb 201905,55050.852.79$15,497
Jan 201902,83146.033.23$9,139
Dec 201804,94946.594.19$20,714
Nov 201806,72752.934.24$28,504
Oct 201806,79561.443.40$23,090
Sep 201806,53759.543.11$20,317
Aug 201807,37059.403.07$22,601
Jul 201807,44065.142.93$21,813
Jun 201805,69960.183.08$17,535
May 201806,60665.382.90$19,163
Apr 201806,46763.842.90$18,759
Mar 201806,97661.222.79$19,441
Feb 201803,28161.782.77$9,076
Jan 201803,77562.874.01$15,135
Dec 201707,28857.272.92$21,292
Nov 201707,90355.423.12$24,644
Oct 201707,39549.292.98$22,064
Sep 201706,21647.523.09$19,191
Aug 201703,39845.373.00$10,209
Jul 201704,65443.873.09$14,368
Jun 201704,20942.493.09$12,994
May 201704,35645.373.26$14,215
Apr 201703,75347.933.21$12,053
Mar 201704,10246.772.98$12,239
Feb 201703,63750.452.95$10,739
Jan 201701,91349.413.42$6,540
Dec 201604,49248.763.72$16,723
Nov 201604,91542.492.64$12,997
Oct 201604,90046.193.09$15,142
Sep 201604,88541.553.10$15,147
Aug 201604,21341.442.92$12,320
Jul 201604,66541.622.92$13,642
Jun 201604,54745.352.69$12,212
May 201604,82342.521.99$9,603
Apr 201604,75436.561.99$9,465
Mar 201604,67333.011.79$8,383
Feb 201604,63526.472.06$9,565
Jan 201604,81027.352.36$11,373
Dec 201504,87032.362.00$9,747
Nov 201504,45838.792.17$9,662
Oct 201504,74143.552.43$11,504
Sep 201504,68942.992.76$12,934
Aug 201505,00140.162.87$14,365
Jul 201505,22448.152.95$15,385
Jun 201503,36956.152.88$9,712
May 201504,61855.212.96$13,648
Apr 201505,06349.822.71$13,703
Mar 201505,28642.892.93$15,513
Feb 201504,81244.662.98$14,321
Jan 201505,56643.433.10$17,258
Dec 201405,99154.693.59$21,516
Nov 201405,38670.464.25$22,900
Oct 201405,85178.303.90$22,825
Sep 201405,55986.164.05$22,489
Aug 201405,62589.394.04$22,698
Jul 201405,44896.564.18$22,770
Jun 201405,45198.164.74$25,821
May 201405,78194.734.73$27,324
Apr 201406,00695.944.81$28,884
Mar 201406,48895.895.06$32,809
Feb 201406,01197.406.19$37,220
Jan 201406,04690.404.86$29,388
Dec 201306,54191.824.35$28,483
Nov 201306,57688.853.74$24,583
Oct 201306,66797.423.78$25,197
Sep 201305,765104.113.72$21,433
Aug 201306,216104.253.52$21,897
Jul 201306,276102.523.72$23,333
Jun 201306,41894.403.93$25,245
May 201306,68794.834.15$27,745
Apr 201305,33293.964.28$22,835
Mar 201309,02893.623.91$35,325
Feb 201305,89691.233.42$20,164
Jan 201309,08791.603.42$31,077
Dec 2012010,26786.773.42$35,115
Nov 201209,37186.953.62$33,970
Oct 201206,27389.383.40$21,326
Sep 201204,54394.672.92$13,258
Aug 201206,07692.662.91$17,670
Jul 201205,66285.133.02$17,104
Jun 201206,00679.822.52$15,129
May 201206,22391.612.49$15,485
Apr 201204,117101.652.00$8,221
Mar 201203,025105.052.22$6,722
Feb 201203,992101.102.57$10,260
Jan 20120298.092.73$5
Dec 2011025396.873.24$820
Nov 201106,46495.723.31$21,404
Oct 201107,26884.983.65$26,518
Sep 201107,27883.623.99$29,009
Aug 201107,57283.404.15$31,419
Jul 201107,20394.144.52$32,538
Jun 201106,08092.904.64$28,210
May 201108,69498.134.40$38,296
Apr 201109,613105.964.33$41,656
Mar 201109,93896.364.06$40,322
Feb 201107,45885.644.18$31,174
Jan 201104,86286.504.59$22,311
Dec 201004,77685.734.35$20,765
Nov 201004,75880.843.80$18,058
Oct 201002,32578.103.51$8,158
Sep 201008,09372.633.98$32,206
Aug 201008,76773.684.42$38,745
Jul 201008,89472.554.74$42,126
Jun 201008,45670.364.91$41,522
May 201008,85071.124.24$37,482
Apr 201009,41181.694.12$38,799
Mar 2010010,16278.394.39$44,598
Feb 201009,50173.585.44$51,708
Jan 2010010,58174.365.96$63,106
Dec 200909,84071.445.48$53,960
Nov 200908,88774.593.75$33,340
Oct 200909,41872.544.11$38,710
Sep 200908,51865.543.06$26,106
Aug 200908,21367.423.22$26,434
Jul 2009010,93061.133.46$37,867
Jun 2009010,38366.163.90$40,442
May 2009011,30954.743.93$44,396
Apr 2009010,19546.773.59$36,575
Mar 2009012,06942.144.06$48,988
Feb 2009011,48732.814.63$53,219
Jan 2009013,05435.865.37$70,113
Dec 2008012,70037.105.98$75,910
Nov 2008012,44555.496.86$85,377
Oct 2008013,72175.246.92$94,976
Sep 2008013,426101.767.88$105,758
Aug 2008013,810114.228.48$117,151
Jul 2008015,094131.0811.39$171,912
Jun 2008014,115131.3313.03$183,956
May 2008016,255123.1711.57$188,140
Apr 2008017,638110.3110.45$184,403
Mar 2008016,479101.909.66$159,254
Feb 2008010,04592.538.77$88,100
Jan 200809,04690.388.21$74,229
Dec 2007017,29188.337.30$126,258
Nov 2007019,49891.677.29$142,174
Oct 2007016,94482.856.92$117,286
Sep 2007011,67575.846.24$72,901
Aug 2007022,18369.066.39$141,704
Jul 2007025,44870.906.39$162,560
Jun 2007022,41862.007.55$169,221
May 2007024,47858.747.85$192,061
Apr 2007026,78159.617.81$209,031
Mar 2007030,22156.927.30$220,673
Feb 2007033,57255.108.22$275,828
Jan 2007041,31350.306.73$277,906
Dec 2006045,07256.656.92$311,828
Nov 2006045,36954.207.62$345,597
Oct 2006055,98054.906.01$336,653
Sep 2006068,36260.085.04$344,353
Aug 20060068.717.34$0
Jul 2006089,88969.376.34$570,144

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.

Jun 2023 — as filed, then multipliedworked
Condensate             1 bbl  × $ 68.96 =        $69
Gas                1,241 Mcf  × $  2.26 =     $2,803

────────────────────────────────────────────────────
Month total                                   $2,872

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/223543 is the state's own key, not one this site invented.