VEALE RANCH

Operated by BKV BARNETT, LLC (P-5 72504) 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 224751District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.0 M
Nov 2006 – May 2026
Value, last 12 filed months
$95 k
at the published price for each month
Months reported
235
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
CondensateDisposition2,568 bbl$169,897
GasProduction1,000,073 Mcf$4,828,113
Total$4,998,011

Every month this lease reported (235)

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

235 months

May 202602,030106.413.05$6,183
Apr 202631,75198.932.87$5,322
Mar 2026961,86989.753.15$14,502
Feb 202601,67763.503.75$6,289
Jan 202601,69559.138.00$13,556
Dec 202501,96456.664.41$8,668
Nov 202502,10358.593.93$8,257
Oct 202502,09759.383.30$6,930
Sep 202501,99862.743.08$6,148
Aug 202502,04263.933.01$6,156
Jul 202502,12766.743.32$7,051
Jun 202501,97866.483.13$6,189
May 202501,92360.553.23$6,216
Apr 2025511,92962.363.54$10,015
Mar 202502,26667.704.27$9,672
Feb 202501,62270.884.34$7,041
Jan 202502,19374.324.28$9,383
Dec 202402,32468.993.12$7,254
Nov 202402,37469.052.20$5,219
Oct 202402,20471.372.28$5,028
Sep 202402,29469.612.36$5,424
Aug 202401,97575.632.06$4,076
Jul 202402,03979.932.15$4,377
Jun 202401,89378.082.63$4,986
May 202402,05778.812.20$4,522
Apr 202402,91984.451.66$4,843
Mar 202402,79080.301.55$4,311
Feb 202402,04176.091.78$3,640
Jan 202402,23573.023.30$7,370
Dec 202302,08871.262.61$5,451
Nov 202302,08477.892.81$5,851
Oct 202302,34785.443.09$7,246
Sep 202302,34989.042.74$6,425
Aug 202301,23380.522.67$3,296
Jul 202301,29974.852.64$3,432
Jun 202301,35168.962.26$3,051
May 202301,75370.622.23$3,905
Apr 202301,01478.122.24$2,269
Mar 202303,15072.852.39$7,538
Feb 2023056975.112.47$1,403
Jan 202302,15176.533.39$7,287
Dec 2022040176.415.73$2,297
Nov 202201,10585.005.65$6,239
Oct 202202,54487.185.86$14,917
Sep 202202,03884.888.16$16,638
Aug 202202,43494.529.13$22,216
Jul 202202,200101.587.54$16,593
Jun 202202,409115.097.98$19,217
May 202202,534109.378.43$21,369
Apr 202202,101104.226.84$14,366
Mar 202202,810108.885.08$14,265
Feb 202202,46491.054.86$11,972
Jan 202202,56881.844.54$11,653
Dec 202102,64471.323.90$10,309
Nov 202102,75777.435.24$14,438
Oct 202102,88779.795.71$16,496
Sep 202102,84769.865.35$15,234
Aug 202103,11166.024.22$13,130
Jul 202102,40470.783.98$9,573
Jun 2021042769.493.38$1,444
May 202102,43863.483.02$7,357
Apr 202102,20960.362.76$6,093
Mar 202142,59161.302.72$7,285
Feb 2021542,55557.805.55$17,296
Jan 202102,42650.412.81$6,818
Dec 202002,49244.642.68$6,667
Nov 202002,28238.772.71$6,176
Oct 202002,15136.972.48$5,331
Sep 202002,60337.091.99$5,183
Aug 202012,67239.982.39$6,413
Jul 2020462,69838.371.83$6,689
Jun 202002,60434.901.69$4,402
May 202002,71416.921.81$4,925
Apr 202001,73614.751.80$3,132
Mar 202002,28230.341.86$4,236
Feb 202082,15549.881.98$4,667
Jan 202001,55657.252.09$3,259
Dec 201901,92459.012.30$4,434
Nov 201901,99055.302.75$5,474
Oct 201922,90353.472.42$7,128
Sep 20191123,12555.052.66$14,470
Aug 201903,36553.112.30$7,754
Jul 201903,57756.272.46$8,800
Jun 201903,04452.782.49$7,583
May 2019072358.482.74$1,981
Apr 201901,83662.632.75$5,050
Mar 201902,98756.803.06$9,146
Feb 201902,53650.852.79$7,081
Jan 201905,47346.033.23$17,668
Dec 2018724,21746.594.19$21,004
Nov 201804,20252.934.24$17,805
Oct 201805,37661.443.40$18,268
Sep 201805,44059.543.11$16,908
Aug 201806,27059.403.07$19,227
Jul 201806,34565.142.93$18,603
Jun 201806,05860.183.08$18,640
May 201806,02065.382.90$17,463
Apr 201804,96263.842.90$14,394
Mar 201804,99161.222.79$13,909
Feb 201803,87061.782.77$10,705
Jan 201805,04662.874.01$20,231
Dec 201702,96057.272.92$8,648
Nov 201703,39755.423.12$10,593
Oct 201704,14649.292.98$12,370
Sep 201704,45247.523.09$13,745
Aug 201703,61545.373.00$10,861
Jul 201702,62343.873.09$8,098
Jun 201703,33642.493.09$10,299
May 201702,23845.373.26$7,303
Apr 201702,28147.933.21$7,326
Mar 201733,88846.772.98$11,741
Feb 2017322,67450.452.95$9,510
Jan 201703,98949.413.42$13,638
Dec 2016723,95348.763.72$18,227
Nov 201603,82042.492.64$10,101
Oct 201603,84046.193.09$11,867
Sep 201603,86041.553.10$11,968
Aug 201604,33941.442.92$12,689
Jul 201603,43441.622.92$10,042
Jun 201603,81445.352.69$10,244
May 201603,72842.521.99$7,423
Apr 201603,94836.561.99$7,861
Mar 20161593,40833.011.79$11,363
Feb 201603,56726.472.06$7,361
Jan 201604,30327.352.36$10,174
Dec 201504,14932.362.00$8,304
Nov 201503,98638.792.17$8,639
Oct 201504,71143.552.43$11,432
Sep 201504,67842.992.76$12,904
Aug 201504,95940.162.87$14,245
Jul 201504,55248.152.95$13,406
Jun 201504,21256.152.88$12,143
May 201503,86555.212.96$11,423
Apr 201504,22149.822.71$11,424
Mar 201504,30142.892.93$12,622
Feb 201503,62544.662.98$10,789
Jan 201504,11043.433.10$12,744
Dec 20141444,12854.693.59$22,700
Nov 201404,44970.464.25$18,916
Oct 201404,68978.303.90$18,292
Sep 201404,52486.164.05$18,302
Aug 201404,68989.394.04$18,921
Jul 201405,05296.564.18$21,115
Jun 201402,19898.164.74$10,412
May 201403,87694.734.73$18,320
Apr 201404,95995.944.81$23,848
Mar 201404,01095.895.06$20,278
Feb 201401,42197.406.19$8,799
Jan 201403,82890.404.86$18,607
Dec 20131125,55191.824.35$34,456
Nov 201305,59988.853.74$20,931
Oct 201302,96597.423.78$11,206
Sep 201303,127104.113.72$11,625
Aug 201302,956104.253.52$10,413
Jul 201303,104102.523.72$11,540
Jun 201302,35494.403.93$9,259
May 201303,34894.834.15$13,891
Apr 201302,83893.964.28$12,154
Mar 201303,26193.623.91$12,760
Feb 201302,61891.233.42$8,953
Jan 201302,80491.603.42$9,589
Dec 201203,87386.773.42$13,246
Nov 201203,84386.953.62$13,931
Oct 201203,93089.383.40$13,361
Sep 201203,40894.672.92$9,946
Aug 201204,47392.662.91$13,008
Jul 201205,14485.133.02$15,539
Jun 2012029979.822.52$753
May 20121091.612.49$92
Apr 2012110101.652.00$1,118
Mar 201290731105.052.22$11,079
Feb 2012253,954101.102.57$12,690
Jan 201204,64998.092.73$12,711
Dec 201104,70396.873.24$15,237
Nov 201104,47295.723.31$14,808
Oct 201106,06484.983.65$22,125
Sep 201106,36883.623.99$25,382
Aug 201105,76883.404.15$23,933
Jul 2011994,33294.144.52$28,889
Jun 201104,24992.904.64$19,715
May 201104,82598.134.40$21,253
Apr 201103,301105.964.33$14,304
Mar 201104,03796.364.06$16,379
Feb 201101,34885.644.18$5,635
Jan 201103,24686.504.59$14,895
Dec 201003,94485.734.35$17,148
Nov 201003,80880.843.80$14,453
Oct 201004,30778.103.51$15,113
Sep 201004,40772.633.98$17,538
Aug 201004,56773.684.42$20,183
Jul 201004,59072.554.74$21,740
Jun 201004,72570.364.91$23,202
May 20101774,10871.124.24$29,987
Apr 201004,07681.694.12$16,804
Mar 201005,17978.394.39$22,729
Feb 201004,81573.585.44$26,205
Jan 201004,84174.365.96$28,872
Dec 200905,03771.445.48$27,622
Nov 200905,59574.593.75$20,990
Oct 200906,06272.544.11$24,916
Sep 200905,77165.543.06$17,687
Aug 200905,73967.423.22$18,471
Jul 20091915,30761.133.46$30,062
Jun 200905,91166.163.90$23,023
May 200901854.743.93$71
Apr 200906,53546.773.59$23,444
Mar 200907,87442.144.06$31,961
Feb 200907,50932.814.63$34,789
Jan 200908,32135.865.37$44,692
Dec 20081908,74737.105.98$59,331
Nov 200804,53155.496.86$31,084
Oct 200808,28375.246.92$57,335
Sep 200807,993101.767.88$62,962
Aug 200808,550114.228.48$72,530
Jul 200808,123131.0811.39$92,516
Jun 200807,417131.3313.03$96,663
May 200806,327123.1711.57$73,231
Apr 200802,869110.3110.45$29,995
Mar 200808,581101.909.66$82,927
Feb 20081918,97192.538.77$96,354
Jan 2008010,21590.388.21$83,822
Dec 200709,53888.337.30$69,646
Nov 200709,74491.677.29$71,050
Oct 200716413,12282.856.92$104,418
Sep 2007013,26975.846.24$82,854
Aug 2007014,32169.066.39$91,482
Jul 200716914,01870.906.39$101,528
Jun 2007014,04062.007.55$105,980
May 2007011,44658.747.85$89,809
Apr 200716714,48559.617.81$123,013
Mar 2007012,48956.927.30$91,194
Feb 2007017,70355.108.22$145,448
Jan 2007024,58050.306.73$165,346
Dec 200612222,76756.656.92$164,423
Nov 2006021,62554.207.62$164,728

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                2,030 Mcf  × $  3.05 =     $6,183

────────────────────────────────────────────────────
Month total                                   $6,183

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/224751 is the state's own key, not one this site invented.