LAST CHANCE MIDGE

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 223928District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.6 M
Apr 2006 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
242
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
CondensateDisposition101 bbl$6,653
GasProduction1,245,229 Mcf$6,587,567
Total$6,594,220

Every month this lease reported (242)

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

242 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 20240571.372.28$11
Sep 20242069.612.36$139
Aug 20240075.632.06$0
Jul 20244079.932.15$320
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240284.451.66$3
Mar 202408680.301.55$133
Feb 2024024976.091.78$444
Jan 2024026773.023.30$880
Dec 202324,84471.262.61$12,789
Nov 202323,77277.892.81$10,746
Oct 202303,83785.443.09$11,846
Sep 2023025889.042.74$706
Aug 202323,72680.522.67$10,120
Jul 202303,83674.852.64$10,134
Jun 202302,40168.962.26$5,423
May 202301,86170.622.23$4,145
Apr 202301,90278.122.24$4,256
Mar 202304,33872.852.39$10,382
Feb 202301,87575.112.47$4,623
Jan 202302,71676.533.39$9,201
Dec 202202,64876.415.73$15,171
Nov 2022098085.005.65$5,533
Oct 202201,44687.185.86$8,479
Sep 20220084.888.16$0
Aug 2022117694.529.13$1,701
Jul 20221128101.587.54$1,067
Jun 202221,491115.097.98$12,124
May 20222151109.378.43$1,492
Apr 20222110104.226.84$961
Mar 202202,809108.885.08$14,260
Feb 2022012491.054.86$603
Jan 2022156281.844.54$2,632
Dec 2021015571.323.90$604
Nov 202101,72277.435.24$9,018
Oct 202101,88779.795.71$10,782
Sep 202102,97069.865.35$15,892
Aug 202103,53766.024.22$14,928
Jul 202123,59470.783.98$14,453
Jun 202102,74569.493.38$9,280
May 202102,96963.483.02$8,959
Apr 202103,44460.362.76$9,500
Mar 202103,76961.302.72$10,240
Feb 202132,21357.805.55$12,451
Jan 202133,90150.412.81$11,114
Dec 202003,69944.642.68$9,897
Nov 202003,62038.772.71$9,798
Oct 202003,72236.972.48$9,225
Sep 202004,01637.091.99$7,996
Aug 202003,73239.982.39$8,901
Jul 202003,67338.371.83$6,704
Jun 202004,00334.901.69$6,766
May 202004,42916.921.81$8,038
Apr 202004,41514.751.80$7,966
Mar 202004,42630.341.86$8,216
Feb 202003,92149.881.98$7,766
Jan 202004,34057.252.09$9,091
Dec 201904,19559.012.30$9,667
Nov 201902,59355.302.75$7,133
Oct 201904,30253.472.42$10,405
Sep 201914,54255.052.66$12,124
Aug 201994,27153.112.30$10,320
Jul 201903,60256.272.46$8,861
Jun 2019071652.782.49$1,784
May 201904,79258.482.74$13,132
Apr 201923,53062.632.75$9,835
Mar 201922,93456.803.06$9,098
Feb 201901,46050.852.79$4,077
Jan 2019178246.033.23$2,570
Dec 201802,32346.594.19$9,723
Nov 201801,44652.934.24$6,127
Oct 2018044061.443.40$1,495
Sep 2018018159.543.11$563
Aug 20182259.403.07$125
Jul 20180065.142.93$0
Jun 20180960.183.08$28
May 20180065.382.90$0
Apr 2018021063.842.90$609
Mar 201801,98861.222.79$5,540
Feb 201802,01361.782.77$5,568
Jan 201801,09662.874.01$4,394
Dec 201702,24257.272.92$6,550
Nov 201702,58255.423.12$8,052
Oct 201701,30149.292.98$3,882
Sep 201721,90847.523.09$5,986
Aug 2017036845.373.00$1,106
Jul 2017037043.873.09$1,142
Jun 2017037342.493.09$1,152
May 2017016945.373.26$552
Apr 2017024447.933.21$784
Mar 2017027346.772.98$815
Feb 2017028650.452.95$844
Jan 201722,23349.413.42$7,733
Dec 201642,04048.763.72$7,790
Nov 201623,26042.492.64$8,706
Oct 201612,61446.193.09$8,124
Sep 201611,92841.553.10$6,020
Aug 201612,41841.442.92$7,112
Jul 201602,53041.622.92$7,399
Jun 201622,62245.352.69$7,133
May 201602,44642.521.99$4,870
Apr 201602,17636.561.99$4,333
Mar 201642,87933.011.79$5,297
Feb 201602,49726.472.06$5,153
Jan 201611,88527.352.36$4,484
Dec 201512,93532.362.00$5,907
Nov 201502,65538.792.17$5,754
Oct 201502,61443.552.43$6,343
Sep 201502,18342.992.76$6,022
Aug 201523,45540.162.87$10,005
Jul 201503,38348.152.95$9,963
Jun 201503,53656.152.88$10,194
May 201503,67055.212.96$10,847
Apr 201503,45349.822.71$9,346
Mar 201503,45942.892.93$10,151
Feb 201513,30344.662.98$9,875
Jan 201503,93243.433.10$12,192
Dec 201403,49554.693.59$12,552
Nov 201403,44870.464.25$14,660
Oct 201403,40078.303.90$13,263
Sep 201403,42186.164.05$13,839
Aug 201403,37089.394.04$13,598
Jul 201403,37196.564.18$14,089
Jun 201403,48998.164.74$16,527
May 201403,96594.734.73$18,741
Apr 201403,75095.944.81$18,034
Mar 201414,19595.895.06$21,309
Feb 201403,97797.406.19$24,626
Jan 201404,37990.404.86$21,285
Dec 201303,75991.824.35$16,368
Nov 201304,39688.853.74$16,433
Oct 201304,72797.423.78$17,865
Sep 201307,688104.113.72$28,582
Aug 201305,759104.253.52$20,287
Jul 201304,408102.523.72$16,388
Jun 201302,27494.403.93$8,945
May 201304,46694.834.15$18,530
Apr 201304,64993.964.28$19,910
Mar 201305,09893.623.91$19,948
Feb 201304,45591.233.42$15,236
Jan 201304,76691.603.42$16,299
Dec 201204,49586.773.42$15,374
Nov 201204,82986.953.62$17,505
Oct 201205,17589.383.40$17,593
Sep 201204,99494.672.92$14,574
Aug 201205,28092.662.91$15,355
Jul 201204,17085.133.02$12,597
Jun 201205,04479.822.52$12,706
May 201205,75191.612.49$14,310
Apr 201206,109101.652.00$12,198
Mar 201207,194105.052.22$15,986
Feb 201206,115101.102.57$15,717
Jan 201207,89598.092.73$21,586
Dec 201108,14396.873.24$26,381
Nov 201107,13395.723.31$23,619
Oct 201107,79384.983.65$28,433
Sep 201107,02683.623.99$28,004
Aug 201107,46283.404.15$30,962
Jul 201107,18194.144.52$32,438
Jun 201106,10192.904.64$28,308
May 201104,01598.134.40$17,685
Apr 201115,404105.964.33$23,523
Mar 201125,32096.364.06$21,778
Feb 201134,14485.644.18$17,579
Jan 201105,22686.504.59$23,981
Dec 201004,77185.734.35$20,743
Nov 201004,75680.843.80$18,051
Oct 201005,27178.103.51$18,495
Sep 201066,00172.633.98$24,317
Aug 201005,76273.684.42$25,464
Jul 201007,08172.554.74$33,539
Jun 201003,84870.364.91$18,895
May 201013,53371.124.24$15,034
Apr 201064,08381.694.12$17,323
Mar 201007,17678.394.39$31,493
Feb 201007,09573.585.44$38,614
Jan 201007,55174.365.96$45,035
Dec 200948,02771.445.48$44,304
Nov 200904,55474.593.75$17,084
Oct 200906,08072.544.11$24,990
Sep 200956,49365.543.06$20,227
Aug 200903,80667.423.22$12,250
Jul 200903,96461.133.46$13,733
Jun 200903,22066.163.90$12,542
May 200907,45554.743.93$29,266
Apr 200901,60546.773.59$5,758
Mar 200908,85942.144.06$35,959
Feb 200908,33732.814.63$38,625
Jan 2009010,12635.865.37$54,387
Dec 2008010,36637.105.98$61,959
Nov 2008010,56255.496.86$72,459
Oct 2008011,12975.246.92$77,035
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200807,239131.0811.39$82,448
Jun 200809,359131.3313.03$121,972
May 200808,894123.1711.57$102,942
Apr 200806,349110.3110.45$66,378
Mar 2008011,122101.909.66$107,484
Feb 200808,52892.538.77$74,796
Jan 200809,00890.388.21$73,917
Dec 2007012,01188.337.30$87,704
Nov 2007014,92991.677.29$108,858
Oct 2007011,14182.856.92$77,118
Sep 2007012,50875.846.24$78,102
Aug 2007022,60069.066.39$144,367
Jul 2007023,37170.906.39$149,293
Jun 2007027,26162.007.55$205,778
May 2007023,90058.747.85$187,526
Apr 2007012,63259.617.81$98,595
Mar 2007011,12356.927.30$81,220
Feb 2007015,41855.108.22$126,674
Jan 2007024,35450.306.73$163,826
Dec 2006025,06556.656.92$173,411
Nov 2006025,93254.207.62$197,536
Oct 2006128,86854.906.01$173,661
Sep 2006029,53460.085.04$148,769
Aug 2006133,45568.717.34$245,626
Jul 2006039,84369.376.34$252,715
Jun 2006046,94966.286.38$299,717
May 2006064,28266.016.42$413,012
Apr 2006010,18864.397.36$74,989

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.

Oct 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 71.37 =         $0
Gas                    5 Mcf  × $  2.28 =        $11

────────────────────────────────────────────────────
Month total                                      $11

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/223928 is the state's own key, not one this site invented.