MASTIN SOUTH 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 224000District 09Field 65280200GasSaveExport
Value, all time
$7.7 M
Sep 2006 – May 2026
Value, last 12 filed months
$132 k
at the published price for each month
Months reported
237
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
GasProduction1,559,186 Mcf$7,704,351
Total$7,704,351

Every month this lease reported (237)

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

237 months

May 20262,949106.413.05$8,982
Apr 20262,89198.932.87$8,296
Mar 20262,98289.753.15$9,392
Feb 20262,71363.503.75$10,175
Jan 20262,97259.138.00$23,770
Dec 20253,04156.664.41$13,421
Nov 20252,94358.593.93$11,556
Oct 20252,85059.383.30$9,419
Sep 20252,94962.743.08$9,074
Aug 20252,88563.933.01$8,698
Jul 20253,00566.743.32$9,962
Jun 20253,01966.483.13$9,446
May 20253,15060.553.23$10,182
Apr 20253,05962.363.54$10,838
Mar 20253,19967.704.27$13,654
Feb 20252,93670.884.34$12,745
Jan 20253,21674.324.28$13,760
Dec 20243,29868.993.12$10,294
Nov 20243,13769.052.20$6,897
Oct 20243,32571.372.28$7,586
Sep 20243,15269.612.36$7,452
Aug 20243,26075.632.06$6,727
Jul 20243,35679.932.15$7,204
Jun 20243,25778.082.63$8,579
May 20243,12878.812.20$6,877
Apr 20243,28684.451.66$5,452
Mar 20243,42980.301.55$5,298
Feb 20243,26576.091.78$5,824
Jan 20243,45273.023.30$11,384
Dec 20233,56571.262.61$9,307
Nov 20233,50777.892.81$9,846
Oct 20233,57085.443.09$11,022
Sep 20233,58989.042.74$9,816
Aug 20233,77180.522.67$10,079
Jul 20233,62374.852.64$9,571
Jun 20233,53968.962.26$7,993
May 20233,92070.622.23$8,731
Apr 20233,77078.122.24$8,436
Mar 20233,91472.852.39$9,367
Feb 20233,67275.112.47$9,054
Jan 20234,09776.533.39$13,879
Dec 20224,17876.415.73$23,936
Nov 20224,20685.005.65$23,748
Oct 20225,07487.185.86$29,753
Sep 20222,75084.888.16$22,450
Aug 20222,84894.529.13$25,994
Jul 20222,822101.587.54$21,284
Jun 20223,007115.097.98$23,987
May 20223,288109.378.43$27,728
Apr 20222,932104.226.84$20,048
Mar 20222,647108.885.08$13,437
Feb 20222,59391.054.86$12,599
Jan 20222,90381.844.54$13,173
Dec 20212,75871.323.90$10,754
Nov 20212,99177.435.24$15,663
Oct 20213,33079.795.71$19,027
Sep 20212,99269.865.35$16,010
Aug 20212,63666.024.22$11,125
Jul 20213,04270.783.98$12,113
Jun 20213,02569.493.38$10,226
May 20212,85763.483.02$8,621
Apr 20212,62560.362.76$7,241
Mar 20213,06961.302.72$8,338
Feb 20212,95557.805.55$16,394
Jan 20213,71150.412.81$10,429
Dec 20203,69644.642.68$9,889
Nov 20203,75138.772.71$10,152
Oct 20203,88536.972.48$9,629
Sep 20203,43937.091.99$6,847
Aug 20202,92239.982.39$6,969
Jul 20202,76338.371.83$5,043
Jun 20202,63234.901.69$4,449
May 20202,61816.921.81$4,751
Apr 20201,22714.751.80$2,214
Mar 20201,61530.341.86$2,998
Feb 20202,08249.881.98$4,124
Jan 20203,45957.252.09$7,246
Dec 20192,98259.012.30$6,872
Nov 20192,98655.302.75$8,214
Oct 20193,23553.472.42$7,824
Sep 20192,93155.052.66$7,788
Aug 20193,89353.112.30$8,971
Jul 20193,57556.272.46$8,795
Jun 20193,14952.782.49$7,845
May 20193,58858.482.74$9,832
Apr 20193,17762.632.75$8,739
Mar 20193,55456.803.06$10,883
Feb 20193,15150.852.79$8,798
Jan 20193,68146.033.23$11,883
Dec 20183,64746.594.19$15,264
Nov 20183,52252.934.24$14,924
Oct 20183,42561.443.40$11,638
Sep 20183,62559.543.11$11,267
Aug 20184,23459.403.07$12,984
Jul 20184,38165.142.93$12,845
Jun 20184,58960.183.08$14,120
May 20184,77165.382.90$13,840
Apr 20184,27463.842.90$12,398
Mar 20184,25861.222.79$11,866
Feb 20184,16461.782.77$11,518
Jan 20185,23362.874.01$20,981
Dec 20174,76157.272.92$13,909
Nov 20174,21255.423.12$13,135
Oct 20175,03249.292.98$15,014
Sep 20175,28647.523.09$16,319
Aug 20175,12145.373.00$15,386
Jul 20175,41643.873.09$16,721
Jun 20174,83942.493.09$14,939
May 20175,16045.373.26$16,839
Apr 20174,52247.933.21$14,523
Mar 20175,33246.772.98$15,909
Feb 20174,52150.452.95$13,349
Jan 20175,10549.413.42$17,453
Dec 20164,64048.763.72$17,274
Nov 20164,66142.492.64$12,325
Oct 20164,54446.193.09$14,042
Sep 20164,57941.553.10$14,198
Aug 20164,76241.442.92$13,926
Jul 20164,77541.622.92$13,964
Jun 20164,77745.352.69$12,830
May 20165,29542.521.99$10,543
Apr 20164,77636.561.99$9,509
Mar 20164,79033.011.79$8,593
Feb 20164,23126.472.06$8,731
Jan 20164,69927.352.36$11,110
Dec 20154,90432.362.00$9,815
Nov 20155,08438.792.17$11,019
Oct 20155,40243.552.43$13,108
Sep 20154,99442.992.76$13,776
Aug 20154,99040.162.87$14,334
Jul 20154,87148.152.95$14,345
Jun 20155,22456.152.88$15,060
May 20156,39455.212.96$18,897
Apr 20156,10649.822.71$16,526
Mar 20155,80142.892.93$17,024
Feb 20155,17244.662.98$15,393
Jan 20155,65843.433.10$17,543
Dec 20145,15154.693.59$18,499
Nov 20145,27070.464.25$22,407
Oct 20145,50578.303.90$21,475
Sep 20145,43786.164.05$21,995
Aug 20145,50689.394.04$22,217
Jul 20145,78696.564.18$24,183
Jun 20145,62598.164.74$26,645
May 20145,91694.734.73$27,962
Apr 20145,78295.944.81$27,806
Mar 20145,67195.895.06$28,677
Feb 20145,09697.406.19$31,554
Jan 20145,53890.404.86$26,919
Dec 20135,42291.824.35$23,610
Nov 20135,37988.853.74$20,108
Oct 20135,58397.423.78$21,100
Sep 20135,086104.113.72$18,908
Aug 20135,510104.253.52$19,410
Jul 20135,623102.523.72$20,905
Jun 20135,39994.403.93$21,236
May 20135,83594.834.15$24,210
Apr 20135,55693.964.28$23,794
Mar 20135,81093.623.91$22,734
Feb 20135,34591.233.42$18,279
Jan 20135,85491.603.42$20,020
Dec 20126,20186.773.42$21,208
Nov 20125,72486.953.62$20,749
Oct 20126,10089.383.40$20,738
Sep 20126,20594.672.92$18,109
Aug 20126,61992.662.91$19,249
Jul 20126,91385.133.02$20,883
Jun 20126,84579.822.52$17,243
May 20127,12191.612.49$17,719
Apr 20126,904101.652.00$13,786
Mar 20127,051105.052.22$15,668
Feb 20120101.102.57$0
Jan 20126,44498.092.73$17,618
Dec 20117,20596.873.24$23,342
Nov 20117,00995.723.31$23,209
Oct 20117,25184.983.65$26,456
Sep 20117,07983.623.99$28,215
Aug 20117,61983.404.15$31,614
Jul 20117,74694.144.52$34,991
Jun 20117,05892.904.64$32,748
May 20118,01598.134.40$35,305
Apr 20117,902105.964.33$34,242
Mar 2011096.364.06$0
Feb 20117,55085.644.18$31,559
Jan 20118,47786.504.59$38,899
Dec 20108,23185.734.35$35,786
Nov 20107,92380.843.80$30,070
Oct 20108,33578.103.51$29,247
Sep 20108,32272.633.98$33,117
Aug 20109,15873.684.42$40,473
Jul 20109,55272.554.74$45,243
Jun 20109,50970.364.91$46,693
May 20109,57771.124.24$40,561
Apr 20109,22481.694.12$38,028
Mar 201010,25578.394.39$45,006
Feb 20108,71673.585.44$47,436
Jan 20109,80774.365.96$58,490
Dec 200910,06971.445.48$55,216
Nov 20099,87574.593.75$37,046
Oct 200910,21172.544.11$41,970
Sep 20099,90065.543.06$30,341
Aug 200910,92267.423.22$35,152
Jul 200911,35561.133.46$39,339
Jun 200911,11266.163.90$43,281
May 200912,26954.743.93$48,165
Apr 200910,85946.773.59$38,957
Mar 200910,96142.144.06$44,491
Feb 20099,93432.814.63$46,024
Jan 200911,50335.865.37$61,783
Dec 200812,43337.105.98$74,314
Nov 200810,73855.496.86$73,667
Oct 200811,64575.246.92$80,606
Sep 200812,635101.767.88$99,527
Aug 200812,572114.228.48$106,649
Jul 200811,934131.0811.39$135,921
Jun 200810,655131.3313.03$138,863
May 200810,050123.1711.57$116,322
Apr 200811,955110.3110.45$124,988
Mar 200813,172101.909.66$127,295
Feb 200813,27192.538.77$116,394
Jan 200814,66190.388.21$120,304
Dec 200715,39688.337.30$112,421
Nov 200714,31391.677.29$104,366
Oct 20071,84382.856.92$12,757
Sep 200716,99175.846.24$106,095
Aug 200717,73969.066.39$113,316
Jul 200720,50770.906.39$130,997
Jun 200721,60562.007.55$163,084
May 200723,55158.747.85$184,788
Apr 200724,40359.617.81$190,470
Mar 200726,76656.927.30$195,445
Feb 200725,93355.108.22$213,066
Jan 200732,44350.306.73$218,239
Dec 200634,27656.656.92$237,136
Nov 200639,01954.207.62$297,226
Oct 200648,26954.906.01$290,280
Sep 200610,67960.085.04$53,792

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                2,949 Mcf  × $  3.05 =     $8,982

────────────────────────────────────────────────────
Month total                                   $8,982

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/224000 is the state's own key, not one this site invented.