HICKEY, BILLY

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 224508District 09Field 65280200CondensateGasSaveExport
Value, all time
$14.5 M
Aug 2006 – May 2026
Value, last 12 filed months
$380 k
at the published price for each month
Months reported
238
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 bbl$378
GasProduction3,138,098 Mcf$14,528,401
Total$14,528,780

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 202608,240106.413.05$25,098
Apr 202608,37198.932.87$24,022
Mar 202607,93589.753.15$24,991
Feb 202607,94063.503.75$29,778
Jan 202608,67459.138.00$69,374
Dec 202508,57356.664.41$37,836
Nov 202508,37558.593.93$32,884
Oct 202508,65459.383.30$28,600
Sep 202508,21662.743.08$25,280
Aug 202508,09763.933.01$24,411
Jul 202509,21866.743.32$30,560
Jun 202508,57766.483.13$26,835
May 202508,09260.553.23$26,156
Apr 202507,31062.363.54$25,900
Mar 202508,20767.704.27$35,030
Feb 202508,04370.884.34$34,913
Jan 202508,74874.324.28$37,430
Dec 202409,04368.993.12$28,227
Nov 202408,28269.052.20$18,207
Oct 202409,08471.372.28$20,724
Sep 202409,32569.612.36$22,048
Aug 202409,51675.632.06$19,638
Jul 202409,09079.932.15$19,513
Jun 202409,24778.082.63$24,356
May 202409,58078.812.20$21,061
Apr 202408,05084.451.66$13,357
Mar 202409,41680.301.55$14,549
Feb 202408,64876.091.78$15,425
Jan 202408,78073.023.30$28,953
Dec 202309,46171.262.61$24,700
Nov 202308,75777.892.81$24,586
Oct 202308,54085.443.09$26,365
Sep 202318,58089.042.74$23,556
Aug 202308,65480.522.67$23,131
Jul 202328,21574.852.64$21,852
Jun 202317,71368.962.26$17,489
May 202317,86770.622.23$17,594
Apr 202307,13878.122.24$15,973
Mar 202307,95272.852.39$19,030
Feb 202307,55875.112.47$18,636
Jan 202307,94476.533.39$26,912
Dec 202208,18576.415.73$46,893
Nov 202207,67085.005.65$43,306
Oct 202207,69587.185.86$45,122
Sep 202207,31784.888.16$59,734
Aug 202208,10294.529.13$73,948
Jul 202209,083101.587.54$68,505
Jun 202208,798115.097.98$70,183
May 202208,257109.378.43$69,632
Apr 202207,442104.226.84$50,885
Mar 202207,607108.885.08$38,616
Feb 202207,74291.054.86$37,617
Jan 202208,47981.844.54$38,475
Dec 202108,64071.323.90$33,688
Nov 202108,68777.435.24$45,493
Oct 202108,60679.795.71$49,174
Sep 202108,36369.865.35$44,750
Aug 202109,09366.024.22$38,378
Jul 202109,70170.783.98$38,630
Jun 202108,32969.493.38$28,157
May 202108,23463.483.02$24,847
Apr 202107,72860.362.76$21,317
Mar 202109,47761.302.72$25,748
Feb 202107,65357.805.55$42,458
Jan 202108,63950.412.81$24,278
Dec 202008,54544.642.68$22,862
Nov 202008,23638.772.71$22,291
Oct 202008,70636.972.48$21,577
Sep 202008,30337.091.99$16,532
Aug 202009,48739.982.39$22,627
Jul 202008,86338.371.83$16,176
Jun 202009,04134.901.69$15,282
May 202009,04816.921.81$16,420
Apr 202008,83114.751.80$15,934
Mar 202009,47430.341.86$17,586
Feb 202008,48949.881.98$16,814
Jan 202009,65857.252.09$20,231
Dec 201909,75459.012.30$22,477
Nov 201909,34655.302.75$25,708
Oct 2019010,78753.472.42$26,089
Sep 2019010,73555.052.66$28,526
Aug 2019011,11953.112.30$25,622
Jul 2019010,58056.272.46$26,027
Jun 201909,69252.782.49$24,145
May 2019010,71358.482.74$29,357
Apr 2019010,04762.632.75$27,636
Mar 201909,89556.803.06$30,299
Feb 201909,41950.852.79$26,300
Jan 201909,77546.033.23$31,555
Dec 2018010,07046.594.19$42,147
Nov 2018010,00152.934.24$42,377
Oct 2018011,59761.443.40$39,408
Sep 201809,61659.543.11$29,887
Aug 2018010,83259.403.07$33,217
Jul 2018010,91365.142.93$31,996
Jun 2018010,53260.183.08$32,406
May 2018010,84665.382.90$31,462
Apr 2018010,13563.842.90$29,400
Mar 2018011,14661.222.79$31,062
Feb 201809,54261.782.77$26,394
Jan 2018011,68962.874.01$46,865
Dec 2017011,18157.272.92$32,666
Nov 2017010,85055.423.12$33,834
Oct 2017010,92549.292.98$32,597
Sep 2017010,46847.523.09$32,318
Aug 2017010,86245.373.00$32,634
Jul 2017011,17743.873.09$34,507
Jun 2017010,63842.493.09$32,842
May 2017010,74845.373.26$35,075
Apr 2017010,64947.933.21$34,200
Mar 2017011,73446.772.98$35,011
Feb 2017010,96650.452.95$32,378
Jan 2017012,50749.413.42$42,759
Dec 2016012,80548.763.72$47,671
Nov 2016012,47842.492.64$32,996
Oct 2016013,26346.193.09$40,986
Sep 2016014,03441.553.10$43,514
Aug 2016012,77741.442.92$37,364
Jul 2016012,84241.622.92$37,554
Jun 2016012,81545.352.69$34,419
May 2016011,23542.521.99$22,369
Apr 201609,37036.561.99$18,656
Mar 201609,80233.011.79$17,585
Feb 2016010,83326.472.06$22,355
Jan 2016014,08927.352.36$33,311
Dec 201506,82232.362.00$13,654
Nov 2015043338.792.17$938
Oct 201504,13043.552.43$10,022
Sep 201501,63142.992.76$4,499
Aug 201509,75440.162.87$28,018
Jul 2015010,10548.152.95$29,760
Jun 201509,74656.152.88$28,096
May 2015010,16355.212.96$30,036
Apr 2015011,37149.822.71$30,776
Mar 2015011,10042.892.93$32,575
Feb 2015010,74144.662.98$31,967
Jan 2015010,74043.433.10$33,301
Dec 2014010,92954.693.59$39,250
Nov 2014011,65570.464.25$49,555
Oct 2014011,77978.303.90$45,949
Sep 2014011,76786.164.05$47,603
Aug 2014012,27889.394.04$49,543
Jul 2014012,12996.564.18$50,694
Jun 2014011,20098.164.74$53,053
May 2014011,75594.734.73$55,561
Apr 2014011,54395.944.81$55,512
Mar 2014011,58195.895.06$58,563
Feb 2014010,97097.406.19$67,926
Jan 2014013,71790.404.86$66,675
Dec 2013014,60091.824.35$63,575
Nov 2013013,28788.853.74$49,671
Oct 2013012,76297.423.78$48,232
Sep 2013013,159104.113.72$48,922
Aug 2013015,350104.253.52$54,072
Jul 2013014,471102.523.72$53,799
Jun 201308,80294.403.93$34,622
May 2013012,12294.834.15$50,295
Apr 2013012,81993.964.28$54,899
Mar 2013013,60293.623.91$53,223
Feb 2013012,90991.233.42$44,148
Jan 2013015,12991.603.42$51,740
Dec 2012017,68486.773.42$60,482
Nov 2012017,46486.953.62$63,306
Oct 2012016,91889.383.40$57,516
Sep 2012015,76494.672.92$46,006
Aug 2012015,28992.662.91$44,463
Jul 2012016,84585.133.02$50,885
Jun 2012014,86379.822.52$37,440
May 2012013,85391.612.49$34,471
Apr 2012014,788101.652.00$29,529
Mar 2012016,601105.052.22$36,889
Feb 2012014,398101.102.57$37,006
Jan 2012015,90998.092.73$43,496
Dec 2011016,20796.873.24$52,506
Nov 2011011,52995.723.31$38,176
Oct 2011015,21684.983.65$55,516
Sep 2011014,02183.623.99$55,885
Aug 2011014,24383.404.15$59,099
Jul 2011014,22094.144.52$64,235
Jun 2011013,93592.904.64$64,657
May 2011012,99198.134.40$57,223
Apr 2011014,346105.964.33$62,165
Mar 2011014,97796.364.06$60,767
Feb 2011012,37085.644.18$51,706
Jan 2011015,56586.504.59$71,424
Dec 2010016,00885.734.35$69,599
Nov 2010016,26280.843.80$61,720
Oct 2010016,66478.103.51$58,472
Sep 2010016,28172.633.98$64,790
Aug 2010017,58073.684.42$77,692
Jul 2010017,78372.554.74$84,229
Jun 2010017,87070.364.91$87,749
May 2010018,88471.124.24$79,978
Apr 2010016,36481.694.12$67,464
Mar 2010016,14778.394.39$70,864
Feb 2010010,29673.585.44$56,035
Jan 201007,45874.365.96$44,480
Dec 2009011,40371.445.48$62,531
Nov 2009012,06874.593.75$45,273
Oct 2009011,71972.544.11$48,168
Sep 2009012,03065.543.06$36,869
Aug 2009014,31767.423.22$46,079
Jul 2009021,31661.133.46$73,849
Jun 2009020,60266.163.90$80,245
May 2009018,60154.743.93$73,023
Apr 2009022,32246.773.59$80,080
Mar 2009026,99842.144.06$109,585
Feb 2009025,47932.814.63$118,044
Jan 2009027,78835.865.37$149,249
Dec 2008025,54437.105.98$152,680
Nov 2008027,31855.496.86$187,411
Oct 2008034,87375.246.92$241,390
Sep 2008036,243101.767.88$285,489
Aug 2008040,183114.228.48$340,873
Jul 2008042,851131.0811.39$488,048
Jun 2008051,137131.3313.03$666,450
May 2008041,512123.1711.57$480,472
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 2007015,82691.677.29$115,398
Oct 2007021,34682.856.92$147,757
Sep 2007018,82175.846.24$117,521
Aug 2007022,28369.066.39$142,342
Jul 2007024,07470.906.39$153,783
Jun 2007024,63762.007.55$185,971
May 2007028,03958.747.85$220,002
Apr 2007030,44759.617.81$237,645
Mar 2007033,53056.927.30$244,835
Feb 2007030,68655.108.22$252,116
Jan 2007035,73350.306.73$240,371
Dec 2006030,67056.656.92$212,189
Nov 2006041,26854.207.62$314,358
Oct 2006050,71754.906.01$305,002
Sep 2006067,88560.085.04$341,950
Aug 2006011,44168.717.34$83,976

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                8,240 Mcf  × $  3.05 =    $25,098

────────────────────────────────────────────────────
Month total                                  $25,098

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/224508 is the state's own key, not one this site invented.