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 224513District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.8 M
Aug 2006 – May 2026
Value, last 12 filed months
$179 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
CondensateDisposition3 bbl$219
GasProduction2,078,900 Mcf$9,800,769
Total$9,800,988

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 202603,714106.413.05$11,312
Apr 202603,97498.932.87$11,404
Mar 202603,91489.753.15$12,327
Feb 202603,45863.503.75$12,969
Jan 202603,93159.138.00$31,440
Dec 202503,93756.664.41$17,375
Nov 202503,91958.593.93$15,388
Oct 202504,22859.383.30$13,973
Sep 202504,38762.743.08$13,498
Aug 202504,47063.933.01$13,476
Jul 202504,24666.743.32$14,076
Jun 202503,72666.483.13$11,658
May 202503,71060.553.23$11,992
Apr 202503,84162.363.54$13,609
Mar 202504,17067.704.27$17,799
Feb 202503,82770.884.34$16,612
Jan 202504,26074.324.28$18,227
Dec 202404,30368.993.12$13,431
Nov 202404,11869.052.20$9,053
Oct 202404,66271.372.28$10,636
Sep 202403,87069.612.36$9,150
Aug 202404,53375.632.06$9,354
Jul 202404,31679.932.15$9,265
Jun 202404,28378.082.63$11,281
May 202404,59478.812.20$10,100
Apr 202404,33484.451.66$7,191
Mar 202404,44880.301.55$6,873
Feb 202404,04476.091.78$7,213
Jan 202404,39073.023.30$14,477
Dec 202304,70671.262.61$12,286
Nov 202304,48577.892.81$12,592
Oct 202304,93685.443.09$15,239
Sep 202304,93589.042.74$13,497
Aug 202305,47680.522.67$14,637
Jul 202325,60174.852.64$14,946
Jun 202315,52868.962.26$12,554
May 202304,85670.622.23$10,816
Apr 202305,21478.122.24$11,668
Mar 202305,46772.852.39$13,083
Feb 202304,56975.112.47$11,266
Jan 202304,89176.533.39$16,569
Dec 202205,38876.415.73$30,868
Nov 202205,44585.005.65$30,744
Oct 202205,85987.185.86$34,356
Sep 202204,34684.888.16$35,479
Aug 202201394.529.13$119
Jul 202203101.587.54$23
Jun 2022025115.097.98$199
May 20220677109.378.43$5,709
Apr 202201,991104.226.84$13,614
Mar 202200108.885.08$0
Feb 2022041191.054.86$1,997
Jan 202201,58381.844.54$7,183
Dec 202101,97671.323.90$7,705
Nov 202102,07977.435.24$10,887
Oct 202102,57279.795.71$14,696
Sep 202102,56869.865.35$13,741
Aug 202102,53266.024.22$10,687
Jul 202103,03970.783.98$12,102
Jun 202103,52469.493.38$11,913
May 202104,48263.483.02$13,525
Apr 202105,73360.362.76$15,814
Mar 202103,22061.302.72$8,749
Feb 202102,22557.805.55$12,344
Jan 202103,44650.412.81$9,684
Dec 202002,90044.642.68$7,759
Nov 202002,84638.772.71$7,703
Oct 202003,42436.972.48$8,486
Sep 202003,49337.091.99$6,955
Aug 202003,18439.982.39$7,594
Jul 202003,85538.371.83$7,036
Jun 202003,16334.901.69$5,346
May 202003,03916.921.81$5,515
Apr 202003,95314.751.80$7,133
Mar 202004,51930.341.86$8,388
Feb 202004,21549.881.98$8,349
Jan 202004,56357.252.09$9,558
Dec 201904,51359.012.30$10,400
Nov 201904,35555.302.75$11,979
Oct 201904,24053.472.42$10,255
Sep 201904,13555.052.66$10,988
Aug 201904,14053.112.30$9,540
Jul 201903,57056.272.46$8,782
Jun 201903,25152.782.49$8,099
May 201904,27158.482.74$11,704
Apr 201904,09762.632.75$11,270
Mar 201904,26056.803.06$13,045
Feb 201903,87350.852.79$10,814
Jan 201904,23446.033.23$13,668
Dec 201804,14846.594.19$17,361
Nov 201804,23252.934.24$17,932
Oct 201804,58861.443.40$15,590
Sep 201804,51059.543.11$14,017
Aug 201804,70959.403.07$14,440
Jul 201804,72665.142.93$13,856
Jun 201804,68960.183.08$14,428
May 201804,77865.382.90$13,860
Apr 201804,48063.842.90$12,996
Mar 201804,54761.222.79$12,672
Feb 201804,00461.782.77$11,076
Jan 201803,95662.874.01$15,861
Dec 201704,69657.272.92$13,719
Nov 201705,62555.423.12$17,541
Oct 201705,12049.292.98$15,276
Sep 201704,86947.523.09$15,032
Aug 201705,25645.373.00$15,791
Jul 201705,30943.873.09$16,390
Jun 201705,16542.493.09$15,946
May 201705,29245.373.26$17,270
Apr 201704,93147.933.21$15,836
Mar 201705,33546.772.98$15,918
Feb 201704,82450.452.95$14,243
Jan 201705,71749.413.42$19,545
Dec 201606,42248.763.72$23,908
Nov 201606,34842.492.64$16,786
Oct 201606,78246.193.09$20,958
Sep 201606,98041.553.10$21,642
Aug 201607,33541.442.92$21,450
Jul 201606,25441.622.92$18,289
Jun 201606,36345.352.69$17,090
May 201607,18642.521.99$14,308
Apr 201606,97336.561.99$13,884
Mar 201606,91133.011.79$12,398
Feb 201606,69726.472.06$13,820
Jan 201606,03927.352.36$14,278
Dec 201504,75632.362.00$9,519
Nov 201505,22438.792.17$11,322
Oct 201506,21843.552.43$15,088
Sep 201505,71242.992.76$15,756
Aug 201506,14440.162.87$17,649
Jul 201505,53248.152.95$16,292
Jun 201506,30956.152.88$18,188
May 201506,98455.212.96$20,641
Apr 201506,75149.822.71$18,272
Mar 201506,95342.892.93$20,405
Feb 201506,27444.662.98$18,673
Jan 201506,90343.433.10$21,404
Dec 201407,06154.693.59$25,359
Nov 201406,73070.464.25$28,615
Oct 201406,50178.303.90$25,360
Sep 201407,03086.164.05$28,439
Aug 201407,46789.394.04$30,130
Jul 201407,56696.564.18$31,623
Jun 201407,13998.164.74$33,817
May 201407,47194.734.73$35,312
Apr 201407,30295.944.81$35,116
Mar 201407,70895.895.06$38,978
Feb 201407,73397.406.19$47,883
Jan 201408,41390.404.86$40,893
Dec 201308,59191.824.35$37,409
Nov 201308,24788.853.74$30,830
Oct 201308,84897.423.78$33,440
Sep 201308,411104.113.72$31,270
Aug 201308,695104.253.52$30,629
Jul 201308,605102.523.72$31,991
Jun 201308,54494.403.93$33,607
May 201308,47894.834.15$35,176
Apr 201308,14293.964.28$34,869
Mar 201308,65993.623.91$33,882
Feb 201308,09791.233.42$27,691
Jan 201308,55791.603.42$29,264
Dec 201208,72186.773.42$29,827
Nov 201207,65486.953.62$27,745
Oct 201208,22389.383.40$27,956
Sep 201208,07594.672.92$23,566
Aug 201208,57292.662.91$24,929
Jul 201209,20985.133.02$27,819
Jun 201208,70579.822.52$21,928
May 2012010,95691.612.49$27,262
Apr 2012010,981101.652.00$21,927
Mar 2012013,712105.052.22$30,469
Feb 2012011,241101.102.57$28,892
Jan 2012013,20198.092.73$36,093
Dec 2011013,92396.873.24$45,107
Nov 2011013,53395.723.31$44,812
Oct 2011012,89184.983.65$47,033
Sep 2011010,75483.623.99$42,863
Aug 2011013,68483.404.15$56,779
Jul 2011014,35494.144.52$64,840
Jun 2011014,32692.904.64$66,471
May 2011015,11098.134.40$66,557
Apr 2011016,321105.964.33$70,723
Mar 2011016,60396.364.06$67,364
Feb 2011012,43085.644.18$51,957
Jan 2011016,46286.504.59$75,541
Dec 2010015,39685.734.35$66,938
Nov 2010015,13180.843.80$57,427
Oct 2010015,79778.103.51$55,430
Sep 2010015,79572.633.98$62,856
Aug 2010016,36373.684.42$72,314
Jul 2010016,34672.554.74$77,423
Jun 2010016,79570.364.91$82,470
May 2010017,99471.124.24$76,209
Apr 2010017,87781.694.12$73,701
Mar 2010018,01078.394.39$79,040
Feb 2010014,82173.585.44$80,661
Jan 2010017,44874.365.96$104,061
Dec 2009016,84271.445.48$92,357
Nov 2009015,94574.593.75$59,818
Oct 2009016,82272.544.11$69,143
Sep 2009014,96665.543.06$45,867
Aug 2009020,39267.423.22$65,632
Jul 2009018,54761.133.46$64,256
Jun 2009019,76166.163.90$76,969
May 2009021,58954.743.93$84,753
Apr 2009018,41646.773.59$66,067
Mar 2009017,68442.144.06$71,779
Feb 2009010,13432.814.63$46,951
Jan 200909,42435.865.37$50,616
Dec 200808,74737.105.98$52,282
Nov 200809,75755.496.86$66,937
Oct 2008013,02275.246.92$90,138
Sep 2008016,495101.767.88$129,933
Aug 2008011,228114.228.48$95,247
Jul 2008022,866131.0811.39$260,431
Jun 2008022,304131.3313.03$290,680
May 2008021,657123.1711.57$250,664
Apr 2008013,246110.3110.45$138,485
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 2007018,43482.856.92$127,600
Sep 2007019,36175.846.24$120,893
Aug 2007021,49569.066.39$137,309
Jul 2007022,02770.906.39$140,707
Jun 2007022,64962.007.55$170,965
May 2007026,10858.747.85$204,851
Apr 2007027,86959.617.81$217,523
Mar 2007030,75156.927.30$224,543
Feb 2007029,59055.108.22$243,111
Jan 2007032,94750.306.73$221,630
Dec 2006039,66956.656.92$274,448
Nov 2006041,20754.207.62$313,894
Oct 2006051,03754.906.01$306,926
Sep 2006067,53360.085.04$340,177
Aug 200605,91368.717.34$43,401

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                3,714 Mcf  × $  3.05 =    $11,312

────────────────────────────────────────────────────
Month total                                  $11,312

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/224513 is the state's own key, not one this site invented.