LEONARD

Operated by BEDROCK PRODUCTION, LLC (P-5 61620) 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 224830District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.4 M
May 2006 – Aug 2019
Value, last 12 filed months
$0
at the published price for each month
Months reported
160
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
CondensateDisposition51 bbl$3,610
GasProduction632,301 Mcf$3,374,313
Total$3,377,923

Every month this lease reported (160)

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

160 months

Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 201604,24527.352.36$10,037
Dec 201505,07932.362.00$10,165
Nov 201502,09238.792.17$4,534
Oct 201502,20843.552.43$5,358
Sep 201502,85142.992.76$7,864
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201502,86055.212.96$8,453
Apr 201502,95649.822.71$8,001
Mar 201503,44942.892.93$10,122
Feb 201503,10044.662.98$9,226
Jan 201501,19943.433.10$3,718
Dec 201401,29054.693.59$4,633
Nov 201401,20270.464.25$5,111
Oct 201403,58178.303.90$13,969
Sep 201404,07086.164.05$16,465
Aug 201404,31989.394.04$17,428
Jul 201404,46496.564.18$18,658
Jun 201404,51198.164.74$21,368
May 201404,74094.734.73$22,404
Apr 201404,18395.944.81$20,117
Mar 201402,90395.895.06$14,680
Feb 201402,84097.406.19$17,585
Jan 201404,77890.404.86$23,225
Dec 201304,55291.824.35$19,822
Nov 201303,36988.853.74$12,594
Oct 201304,19697.423.78$15,858
Sep 201305,881104.113.72$21,864
Aug 201304,715104.253.52$16,609
Jul 201304,832102.523.72$17,964
Jun 201304,70594.403.93$18,507
May 201304,86994.834.15$20,202
Apr 201305,45593.964.28$23,362
Mar 201305,08593.623.91$19,897
Feb 201303,91991.233.42$13,403
Jan 201302,78991.603.42$9,538
Dec 201204,62186.773.42$15,805
Nov 201204,07586.953.62$14,772
Oct 201203,81589.383.40$12,970
Sep 201204,13494.672.92$12,065
Aug 201204,55792.662.91$13,252
Jul 201204,97485.133.02$15,025
Jun 201204,30579.822.52$10,844
May 201205,04991.612.49$12,564
Apr 201205,843101.652.00$11,667
Mar 201205,702105.052.22$12,670
Feb 201204,649101.102.57$11,949
Jan 201204,75698.092.73$13,003
Dec 201103,85196.873.24$12,476
Nov 201104,75695.723.31$15,748
Oct 201105,25984.983.65$19,188
Sep 201104,04083.623.99$16,103
Aug 201104,42183.404.15$18,344
Jul 201104,56994.144.52$20,639
Jun 201105,15592.904.64$23,919
May 201104,61898.134.40$20,341
Apr 201105,701105.964.33$24,704
Mar 201105,24396.364.06$21,273
Feb 201105,57885.644.18$23,316
Jan 201106,61586.504.59$30,355
Dec 201015,24085.734.35$22,868
Nov 201004,51880.843.80$17,147
Oct 201004,99178.103.51$17,513
Sep 201004,40672.633.98$17,534
Aug 201005,04773.684.42$22,305
Jul 201005,94072.554.74$28,135
Jun 201026,89970.364.91$34,018
May 201006,69171.124.24$28,338
Apr 201006,18681.694.12$25,503
Mar 201003,53478.394.39$15,510
Feb 201005,95273.585.44$32,393
Jan 201005,41674.365.96$32,302
Dec 200904,62271.445.48$25,346
Nov 200906,05274.593.75$22,704
Oct 200903,01372.544.11$12,384
Sep 200906,47165.543.06$19,832
Aug 200907,55667.423.22$24,319
Jul 200906,37461.133.46$22,083
Jun 200906,21066.163.90$24,188
May 200906,11854.743.93$24,018
Apr 200906,31646.773.59$22,659
Mar 200905,44742.144.06$22,109
Feb 200905,08532.814.63$23,559
Jan 200905,36235.865.37$28,799
Dec 200805,40337.105.98$32,294
Nov 200805,51355.496.86$37,821
Oct 200805,61775.246.92$38,881
Sep 200806,625101.767.88$52,186
Aug 200807,220114.228.48$61,247
Jul 200805,700131.0811.39$64,920
Jun 200805,605131.3313.03$73,048
May 200807,223123.1711.57$83,601
Apr 200806,653110.3110.45$69,556
Mar 200825,271101.909.66$51,143
Feb 200856,98192.538.77$61,690
Jan 200808,01990.388.21$65,802
Dec 200736,22788.337.30$45,734
Nov 200702,73091.677.29$19,906
Oct 200749,88382.856.92$68,741
Sep 200705,98775.846.24$37,384
Aug 200718,04569.066.39$51,460
Jul 2007010,63170.906.39$67,910
Jun 2007010,72062.007.55$80,919
May 2007012,57258.747.85$98,643
Apr 2007311,15059.617.81$87,207
Mar 200719,82556.927.30$71,799
Feb 2007412,70555.108.22$104,605
Jan 200729,23350.306.73$62,210
Dec 2006311,41956.656.92$79,172
Nov 2006113,44354.207.62$102,456
Oct 2006013,51254.906.01$81,258
Sep 2006424,53160.085.04$123,808
Aug 2006156,83968.717.34$51,228
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0

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.

Jan 2016 — as filed, then multipliedworked
Condensate             0 bbl  × $ 27.35 =         $0
Gas                4,245 Mcf  × $  2.36 =    $10,037

────────────────────────────────────────────────────
Month total                                  $10,037

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/224830 is the state's own key, not one this site invented.