NICKELSON, GARY

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 225416District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.2 M
Oct 2006 – May 2026
Value, last 12 filed months
$101 k
at the published price for each month
Months reported
236
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
CondensateDisposition1 bbl$76
GasProduction1,392,126 Mcf$7,171,267
Total$7,171,343

Every month this lease reported (236)

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

236 months

May 202602,241106.413.05$6,826
Apr 202602,16698.932.87$6,216
Mar 202602,17189.753.15$6,837
Feb 202602,02963.503.75$7,609
Jan 202602,28759.138.00$18,291
Dec 202502,26256.664.41$9,983
Nov 202502,20558.593.93$8,658
Oct 202502,34359.383.30$7,743
Sep 202502,24262.743.08$6,898
Aug 202502,33863.933.01$7,049
Jul 202502,40466.743.32$7,970
Jun 202502,31066.483.13$7,227
May 202502,48160.553.23$8,019
Apr 202502,43062.363.54$8,610
Mar 202502,46067.704.27$10,500
Feb 202502,28470.884.34$9,914
Jan 202502,58874.324.28$11,073
Dec 202402,58268.993.12$8,059
Nov 202402,62969.052.20$5,780
Oct 202402,72471.372.28$6,215
Sep 202402,26869.612.36$5,362
Aug 202412,63875.632.06$5,519
Jul 2024043379.932.15$929
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 202409984.451.66$164
Mar 202402,10080.301.55$3,245
Feb 202401,96176.091.78$3,498
Jan 202402,09173.023.30$6,895
Dec 202302,49471.262.61$6,511
Nov 202302,56677.892.81$7,204
Oct 202302,61285.443.09$8,064
Sep 202302,47089.042.74$6,756
Aug 202302,64980.522.67$7,080
Jul 202302,64474.852.64$6,985
Jun 202302,38168.962.26$5,377
May 202302,52770.622.23$5,629
Apr 202302,47578.122.24$5,538
Mar 202302,57472.852.39$6,160
Feb 202302,33075.112.47$5,745
Jan 202302,63976.533.39$8,940
Dec 202202,43376.415.73$13,939
Nov 202202,53285.005.65$14,296
Oct 202202,65087.185.86$15,539
Sep 202202,45684.888.16$20,050
Aug 202202,62794.529.13$23,977
Jul 202202,654101.587.54$20,017
Jun 202202,590115.097.98$20,661
May 202202,673109.378.43$22,542
Apr 202202,631104.226.84$17,990
Mar 202202,756108.885.08$13,991
Feb 202202,50091.054.86$12,147
Jan 202202,76981.844.54$12,565
Dec 202102,80071.323.90$10,918
Nov 202102,73677.435.24$14,328
Oct 202102,86679.795.71$16,376
Sep 202102,74769.865.35$14,699
Aug 202102,76966.024.22$11,687
Jul 202102,78470.783.98$11,086
Jun 202102,71369.493.38$9,172
May 202102,81463.483.02$8,492
Apr 202102,79860.362.76$7,718
Mar 202102,88061.302.72$7,825
Feb 202102,52357.805.55$13,997
Jan 202102,87650.412.81$8,082
Dec 202003,06644.642.68$8,203
Nov 202002,99038.772.71$8,093
Oct 202003,06236.972.48$7,589
Sep 202003,00037.091.99$5,973
Aug 202003,17639.982.39$7,575
Jul 202003,20038.371.83$5,840
Jun 202002,96034.901.69$5,003
May 202003,03316.921.81$5,504
Apr 202003,04714.751.80$5,498
Mar 202003,06830.341.86$5,695
Feb 202002,88049.881.98$5,704
Jan 202003,14857.252.09$6,594
Dec 201903,05359.012.30$7,035
Nov 201903,28755.302.75$9,042
Oct 201903,55153.472.42$8,588
Sep 201903,26855.052.66$8,684
Aug 201903,33353.112.30$7,680
Jul 201903,10956.272.46$7,648
Jun 201903,10352.782.49$7,730
May 201902,98158.482.74$8,169
Apr 201902,80262.632.75$7,707
Mar 201903,42056.803.06$10,472
Feb 201903,26450.852.79$9,114
Jan 201903,97046.033.23$12,816
Dec 201804,02346.594.19$16,838
Nov 201803,47052.934.24$14,703
Oct 201803,83061.443.40$13,015
Sep 201803,74659.543.11$11,643
Aug 201803,89159.403.07$11,932
Jul 201803,81465.142.93$11,182
Jun 201803,83060.183.08$11,785
May 201803,91565.382.90$11,357
Apr 201803,73863.842.90$10,843
Mar 201803,72161.222.79$10,370
Feb 201803,14761.782.77$8,705
Jan 201803,41362.874.01$13,684
Dec 201703,46057.272.92$10,108
Nov 201702,86955.423.12$8,947
Oct 201703,69949.292.98$11,037
Sep 201703,72847.523.09$11,509
Aug 201704,93945.373.00$14,839
Jul 201705,02043.873.09$15,498
Jun 201705,03342.493.09$15,538
May 201705,23445.373.26$17,081
Apr 201704,89547.933.21$15,721
Mar 201705,06046.772.98$15,097
Feb 201704,30450.452.95$12,708
Jan 201704,56949.413.42$15,621
Dec 201604,51948.763.72$16,823
Nov 201604,82142.492.64$12,748
Oct 201604,89346.193.09$15,121
Sep 201604,20041.553.10$13,023
Aug 201604,52841.442.92$13,241
Jul 201604,57641.622.92$13,382
Jun 201604,18545.352.69$11,240
May 201604,74842.521.99$9,453
Apr 201604,00136.561.99$7,966
Mar 201603,73933.011.79$6,708
Feb 201603,63926.472.06$7,510
Jan 201604,55827.352.36$10,777
Dec 201503,08432.362.00$6,172
Nov 201506338.792.17$137
Oct 2015017443.552.43$422
Sep 201501,45942.992.76$4,025
Aug 201504,80340.162.87$13,797
Jul 201504,13448.152.95$12,175
Jun 201501,47056.152.88$4,238
May 201503,88955.212.96$11,494
Apr 201504,10549.822.71$11,110
Mar 201504,38342.892.93$12,863
Feb 201502,99344.662.98$8,908
Jan 201503,74943.433.10$11,624
Dec 201404,52754.693.59$16,258
Nov 201404,77970.464.25$20,320
Oct 201405,08178.303.90$19,821
Sep 201405,03086.164.05$20,349
Aug 201404,86589.394.04$19,631
Jul 201404,83596.564.18$20,208
Jun 201404,89198.164.74$23,168
May 201405,35394.734.73$25,301
Apr 201405,48395.944.81$26,368
Mar 201405,80795.895.06$29,365
Feb 201405,55597.406.19$34,397
Jan 201405,76490.404.86$28,017
Dec 201305,60291.824.35$24,394
Nov 201304,59288.853.74$17,166
Oct 201304,63797.423.78$17,525
Sep 201304,381104.113.72$16,287
Aug 201304,610104.253.52$16,239
Jul 201304,838102.523.72$17,986
Jun 201304,45194.403.93$17,508
May 201304,15794.834.15$17,248
Apr 201303,89093.964.28$16,659
Mar 201305,13393.623.91$20,085
Feb 201304,10291.233.42$14,028
Jan 201304,14191.603.42$14,162
Dec 201204,13286.773.42$14,132
Nov 201203,96886.953.62$14,384
Oct 201204,05789.383.40$13,793
Sep 201204,16994.672.92$12,167
Aug 201203,83092.662.91$11,138
Jul 201204,38285.133.02$13,237
Jun 201204,20779.822.52$10,598
May 201205,13491.612.49$12,775
Apr 201205,251101.652.00$10,485
Mar 201205,300105.052.22$11,777
Feb 201203,806101.102.57$9,782
Jan 201204,92398.092.73$13,460
Dec 201105,42096.873.24$17,559
Nov 201105,17595.723.31$17,136
Oct 201104,93884.983.65$18,016
Sep 201104,84483.623.99$19,307
Aug 201105,57783.404.15$23,141
Jul 201105,49894.144.52$24,836
Jun 201105,63692.904.64$26,150
May 201106,30098.134.40$27,750
Apr 201105,973105.964.33$25,883
Mar 201106,56296.364.06$26,624
Feb 201106,66585.644.18$27,860
Jan 201107,15286.504.59$32,819
Dec 201006,79385.734.35$29,534
Nov 201006,56480.843.80$24,913
Oct 201007,17478.103.51$25,173
Sep 201007,63472.633.98$30,379
Aug 201007,99673.684.42$35,337
Jul 201008,01472.554.74$37,958
Jun 201006,90370.364.91$33,896
May 201008,16371.124.24$34,572
Apr 201008,05481.694.12$33,204
Mar 201008,74378.394.39$38,370
Feb 201007,83873.585.44$42,657
Jan 201008,47274.365.96$50,528
Dec 200908,73971.445.48$47,922
Nov 200909,14274.593.75$34,296
Oct 2009010,26472.544.11$42,188
Sep 2009010,45065.543.06$32,027
Aug 2009011,98567.423.22$38,574
Jul 200909,42161.133.46$32,639
Jun 200909,88366.163.90$38,494
May 200909,97454.743.93$39,155
Apr 2009010,04146.773.59$36,022
Mar 2009010,86842.144.06$44,113
Feb 2009010,28432.814.63$47,646
Jan 2009012,25535.865.37$65,822
Dec 2008013,02637.105.98$77,858
Nov 2008010,64755.496.86$73,042
Oct 200807,80575.246.92$54,026
Sep 200805,938101.767.88$46,774
Aug 2008014,093114.228.48$119,551
Jul 2008014,750131.0811.39$167,994
Jun 2008012,531131.3313.03$163,312
May 2008012,655123.1711.57$146,473
Apr 200809,044110.3110.45$94,554
Mar 200807,841101.909.66$75,776
Feb 200802,10592.538.77$18,462
Jan 2008014,06690.388.21$115,422
Dec 2007014,94588.337.30$109,128
Nov 2007015,06991.677.29$109,879
Oct 2007016,28982.856.92$112,752
Sep 2007016,77475.846.24$104,740
Aug 2007018,52969.066.39$118,362
Jul 2007019,87470.906.39$126,954
Jun 2007021,44862.007.55$161,899
May 2007021,99058.747.85$172,540
Apr 2007023,97259.617.81$187,106
Mar 2007012,44056.927.30$90,837
Feb 2007028,21555.108.22$231,814
Jan 2007037,95950.306.73$255,345
Dec 2006045,12056.656.92$312,160
Nov 2006061,17254.207.62$465,976
Oct 2006045,23654.906.01$272,040

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                2,241 Mcf  × $  3.05 =     $6,826

────────────────────────────────────────────────────
Month total                                   $6,826

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/225416 is the state's own key, not one this site invented.