GATLIN 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 223997District 09Field 65280200GasSaveExport
Value, all time
$7.9 M
Aug 2006 – May 2026
Value, last 12 filed months
$134 k
at the published price for each month
Months reported
238
no gaps in the span
Streams
1
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
GasProduction1,605,173 Mcf$7,890,424
Total$7,890,424

Every month this lease reported (238)

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

238 months

May 20262,901106.413.05$8,836
Apr 20262,86398.932.87$8,216
Mar 20262,99789.753.15$9,439
Feb 20262,75363.503.75$10,325
Jan 20263,06259.138.00$24,490
Dec 20252,99456.664.41$13,214
Nov 20253,00058.593.93$11,779
Oct 20252,84559.383.30$9,402
Sep 20252,94562.743.08$9,062
Aug 20253,08563.933.01$9,301
Jul 20253,11166.743.32$10,314
Jun 20253,00566.483.13$9,402
May 20253,21560.553.23$10,392
Apr 20253,14162.363.54$11,129
Mar 20253,33867.704.27$14,248
Feb 20253,20370.884.34$13,904
Jan 20252,39674.324.28$10,252
Dec 20243,36968.993.12$10,516
Nov 20243,25369.052.20$7,152
Oct 20243,38271.372.28$7,716
Sep 20242,84969.612.36$6,736
Aug 20242,83075.632.06$5,840
Jul 20242,99579.932.15$6,429
Jun 20242,79378.082.63$7,357
May 20242,93078.812.20$6,441
Apr 20242,64484.451.66$4,387
Mar 20242,83180.301.55$4,374
Feb 20242,54176.091.78$4,532
Jan 20242,76273.023.30$9,108
Dec 20232,93171.262.61$7,652
Nov 20232,86077.892.81$8,030
Oct 20232,95885.443.09$9,132
Sep 20232,73689.042.74$7,483
Aug 20232,96880.522.67$7,933
Jul 20232,95274.852.64$7,799
Jun 20232,87568.962.26$6,493
May 20233,03370.622.23$6,756
Apr 20232,89678.122.24$6,481
Mar 20233,08072.852.39$7,371
Feb 20232,70675.112.47$6,672
Jan 20233,04876.533.39$10,326
Dec 20223,10576.415.73$17,789
Nov 20223,09285.005.65$17,458
Oct 20223,31287.185.86$19,421
Sep 20223,38884.888.16$27,659
Aug 20222,97194.529.13$27,117
Jul 20222,357101.587.54$17,777
Jun 20222,970115.097.98$23,692
May 20222,919109.378.43$24,616
Apr 20222,094104.226.84$14,318
Mar 20222,578108.885.08$13,087
Feb 20222,46591.054.86$11,977
Jan 20223,29281.844.54$14,938
Dec 20212,63371.323.90$10,266
Nov 20212,75977.435.24$14,448
Oct 20213,62179.795.71$20,690
Sep 20213,59169.865.35$19,215
Aug 20213,78366.024.22$15,966
Jul 20213,36070.783.98$13,380
Jun 20213,54269.493.38$11,974
May 20213,48163.483.02$10,505
Apr 20213,35160.362.76$9,243
Mar 20213,22261.302.72$8,754
Feb 20212,69557.805.55$14,952
Jan 20213,08450.412.81$8,667
Dec 20202,72044.642.68$7,277
Nov 20202,86438.772.71$7,752
Oct 20202,88336.972.48$7,145
Sep 20203,31437.091.99$6,598
Aug 20203,68239.982.39$8,782
Jul 20203,64538.371.83$6,653
Jun 20203,99034.901.69$6,744
May 20203,53116.921.81$6,408
Apr 20203,81914.751.80$6,891
Mar 20203,89830.341.86$7,236
Feb 20203,72649.881.98$7,380
Jan 20203,04057.252.09$6,368
Dec 20194,13859.012.30$9,535
Nov 20194,09355.302.75$11,259
Oct 20193,82453.472.42$9,249
Sep 20194,30455.052.66$11,437
Aug 20193,41853.112.30$7,876
Jul 20196,56456.272.46$16,148
Jun 20195,50752.782.49$13,719
May 20191,38958.482.74$3,806
Apr 20196,40762.632.75$17,624
Mar 20193,42056.803.06$10,472
Feb 20196,06450.852.79$16,932
Jan 20194,74046.033.23$15,302
Dec 20183,45146.594.19$14,444
Nov 20186,73052.934.24$28,517
Oct 20187,02961.443.40$23,885
Sep 20186,77659.543.11$21,060
Aug 20186,79159.403.07$20,825
Jul 20187,01665.142.93$20,570
Jun 20186,73760.183.08$20,729
May 20187,48965.382.90$21,724
Apr 20187,47663.842.90$21,686
Mar 20187,63061.222.79$21,264
Feb 20186,14861.782.77$17,006
Jan 20187,04362.874.01$28,238
Dec 20177,07557.272.92$20,670
Nov 20176,82555.423.12$21,283
Oct 20177,18049.292.98$21,423
Sep 20177,29347.523.09$22,516
Aug 20177,88445.373.00$23,687
Jul 20178,03043.873.09$24,791
Jun 20178,12542.493.09$25,084
May 20177,84745.373.26$25,608
Apr 20179,50647.933.21$30,529
Mar 201710,72346.772.98$31,994
Feb 20178,71450.452.95$25,729
Jan 20176,97349.413.42$23,839
Dec 20166,60748.763.72$24,597
Nov 20162,67342.492.64$7,068
Oct 20163,50146.193.09$10,819
Sep 20164,13141.553.10$12,809
Aug 20163,99341.442.92$11,677
Jul 20164,06541.622.92$11,887
Jun 20163,76345.352.69$10,107
May 20163,98242.521.99$7,928
Apr 20163,88736.561.99$7,739
Mar 20163,95033.011.79$7,086
Feb 20163,72626.472.06$7,689
Jan 20164,21527.352.36$9,966
Dec 20154,23732.362.00$8,480
Nov 20154,57838.792.17$9,922
Oct 20155,07543.552.43$12,315
Sep 20155,43942.992.76$15,003
Aug 20156,33540.162.87$18,197
Jul 20157,05848.152.95$20,786
Jun 20157,65856.152.88$22,077
May 20157,61155.212.96$22,494
Apr 20157,37549.822.71$19,961
Mar 201511,01042.892.93$32,311
Feb 20157,69244.662.98$22,893
Jan 20158,14643.433.10$25,258
Dec 20144,84554.693.59$17,400
Nov 20142,26670.464.25$9,635
Oct 20144,09378.303.90$15,967
Sep 20144,03186.164.05$16,307
Aug 20144,21589.394.04$17,008
Jul 20144,73996.564.18$19,807
Jun 20144,62198.164.74$21,889
May 20144,80294.734.73$22,697
Apr 20144,59395.944.81$22,088
Mar 20144,94495.895.06$25,001
Feb 20144,52197.406.19$27,994
Jan 20144,93090.404.86$23,963
Dec 20134,92891.824.35$21,459
Nov 20134,77588.853.74$17,850
Oct 20135,02097.423.78$18,972
Sep 20134,429104.113.72$16,466
Aug 20134,954104.253.52$17,451
Jul 20135,111102.523.72$19,001
Jun 20134,41594.403.93$17,366
May 20135,34894.834.15$22,189
Apr 20135,11893.964.28$21,918
Mar 20135,38093.623.91$21,051
Feb 20134,91891.233.42$16,819
Jan 20135,24991.603.42$17,951
Dec 20125,47786.773.42$18,732
Nov 20124,83286.953.62$17,516
Oct 20125,04389.383.40$17,145
Sep 20124,90094.672.92$14,300
Aug 20124,84492.662.91$14,087
Jul 20125,55485.133.02$16,778
Jun 20125,42279.822.52$13,658
May 20126,08591.612.49$15,141
Apr 20126,165101.652.00$12,310
Mar 20126,728105.052.22$14,950
Feb 20120101.102.57$0
Jan 20126,77598.092.73$18,523
Dec 20116,66396.873.24$21,586
Nov 20116,63895.723.31$21,980
Oct 20116,48084.983.65$23,643
Sep 20116,78883.623.99$27,056
Aug 20117,58983.404.15$31,489
Jul 20117,27094.144.52$32,840
Jun 20116,98792.904.64$32,419
May 20117,77098.134.40$34,225
Apr 20117,390105.964.33$32,023
Mar 2011096.364.06$0
Feb 20117,55585.644.18$31,580
Jan 20118,43786.504.59$38,716
Dec 20108,13285.734.35$35,356
Nov 20108,10880.843.80$30,773
Oct 20108,72878.103.51$30,626
Sep 20108,50572.633.98$33,845
Aug 20109,07173.684.42$40,088
Jul 20109,34472.554.74$44,258
Jun 20109,30670.364.91$45,696
May 20109,81171.124.24$41,552
Apr 20109,62481.694.12$39,677
Mar 201010,17678.394.39$44,659
Feb 20109,39073.585.44$51,104
Jan 201010,14074.365.96$60,476
Dec 200910,03271.445.48$55,013
Nov 20099,57474.593.75$35,917
Oct 200910,24972.544.11$42,126
Sep 200910,23965.543.06$31,380
Aug 200911,42467.423.22$36,768
Jul 200911,38261.133.46$39,433
Jun 200910,22066.163.90$39,807
May 200912,27554.743.93$48,189
Apr 200911,58846.773.59$41,572
Mar 200912,63642.144.06$51,290
Feb 200911,92532.814.63$55,249
Jan 200913,71235.865.37$73,647
Dec 200814,83737.105.98$88,683
Nov 200814,30955.496.86$98,165
Oct 200814,20575.246.92$98,327
Sep 200814,741101.767.88$116,116
Aug 200816,533114.228.48$140,250
Jul 200815,780131.0811.39$179,725
Jun 200817,094131.3313.03$222,780
May 200814,263123.1711.57$165,084
Apr 20089,133110.3110.45$95,484
Mar 200811,840101.909.66$114,423
Feb 200811,70092.538.77$102,616
Jan 200813,38790.388.21$109,850
Dec 200712,71088.337.30$92,808
Nov 200715,13791.677.29$110,374
Oct 200717,33082.856.92$119,958
Sep 200717,39975.846.24$108,642
Aug 200718,18969.066.39$116,190
Jul 200722,49570.906.39$143,697
Jun 200724,45762.007.55$184,612
May 200727,13458.747.85$212,901
Apr 200727,80259.617.81$217,000
Mar 200732,72856.927.30$238,979
Feb 200733,61555.108.22$276,181
Jan 200741,91350.306.73$281,942
Dec 200632,39756.656.92$224,137
Nov 20065,41954.207.62$41,279
Oct 200645054.906.01$2,706
Sep 20067,51860.085.04$37,870
Aug 20064,51168.717.34$33,110

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
Gas                2,901 Mcf  × $  3.05 =     $8,836

────────────────────────────────────────────────────
Month total                                   $8,836

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/223997 is the state's own key, not one this site invented.