CARTER

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 225981District 09Field 65280200CondensateGasSaveExport
Value, all time
$10.2 M
Mar 2006 – May 2026
Value, last 12 filed months
$186 k
at the published price for each month
Months reported
243
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$244
GasProduction1,796,593 Mcf$10,183,087
Total$10,183,331

Every month this lease reported (243)

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

243 months

May 202601,451106.413.05$4,420
Apr 202605,25898.932.87$15,089
Mar 202605,22189.753.15$16,443
Feb 202602,39363.503.75$8,975
Jan 202602,43359.138.00$19,459
Dec 202502,87756.664.41$12,697
Nov 202504,12358.593.93$16,189
Oct 202504,55159.383.30$15,040
Sep 202505,35662.743.08$16,480
Aug 202506,26663.933.01$18,890
Jul 202506,76766.743.32$22,434
Jun 202506,34166.483.13$19,839
May 202506,73860.553.23$21,779
Apr 202506,28262.363.54$22,258
Mar 202507,19267.704.27$30,698
Feb 202505,97370.884.34$25,928
Jan 202505,94074.324.28$25,415
Dec 202407,65068.993.12$23,878
Nov 202405,97569.052.20$13,136
Oct 202406,00771.372.28$13,704
Sep 202406,17869.612.36$14,607
Aug 202406,74175.632.06$13,911
Jul 202406,80979.932.15$14,616
Jun 202406,53478.082.63$17,210
May 202406,87578.812.20$15,114
Apr 202405,72684.451.66$9,501
Mar 202407,72380.301.55$11,933
Feb 202406,53476.091.78$11,654
Jan 202407,35173.023.30$24,241
Dec 202306,28571.262.61$16,408
Nov 202306,05677.892.81$17,003
Oct 202307,17585.443.09$22,151
Sep 202306,47389.042.74$17,704
Aug 202307,48980.522.67$20,017
Jul 202307,99474.852.64$21,119
Jun 202306,05268.962.26$13,668
May 202306,29870.622.23$14,028
Apr 202308,20578.122.24$18,361
Mar 202301,82072.852.39$4,356
Feb 2023049475.112.47$1,218
Jan 202304,40476.533.39$14,920
Dec 202206,68376.415.73$38,287
Nov 2022010,01385.005.65$56,535
Oct 2022012,64887.185.86$74,165
Sep 202203,51384.888.16$28,679
Aug 2022011,28694.529.13$103,009
Jul 2022011,473101.587.54$86,530
Jun 2022010,453115.097.98$83,386
May 2022012,715109.378.43$107,226
Apr 2022112,338104.226.84$84,467
Mar 2022015,606108.885.08$79,222
Feb 2022014,00591.054.86$68,048
Jan 2022015,80481.844.54$71,713
Dec 2021017,57771.323.90$68,535
Nov 2021012,71177.435.24$66,566
Oct 2021016,53479.795.71$94,473
Sep 202128,88369.865.35$47,672
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
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 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 2014010590.404.86$510
Dec 2013011191.824.35$483
Nov 2013058488.853.74$2,183
Oct 201301,24197.423.78$4,690
Sep 20130633104.113.72$2,353
Aug 20130113104.253.52$398
Jul 201301,139102.523.72$4,235
Jun 201301,17694.403.93$4,626
May 2013097394.834.15$4,037
Apr 2013045793.964.28$1,957
Mar 2013046493.623.91$1,816
Feb 2013069091.233.42$2,360
Jan 201301,29891.603.42$4,439
Dec 201201,34886.773.42$4,610
Nov 2012062186.953.62$2,251
Oct 201207,76689.383.40$26,402
Sep 201209,48994.672.92$27,693
Aug 201209,72492.662.91$28,279
Jul 2012011,13885.133.02$33,646
Jun 2012012,12979.822.52$30,553
May 2012014,10291.612.49$35,090
Apr 2012013,676101.652.00$27,308
Mar 2012014,744105.052.22$32,762
Feb 2012012,420101.102.57$31,922
Jan 2012010,66198.092.73$29,148
Dec 2011015,66396.873.24$50,744
Nov 2011016,98695.723.31$56,245
Oct 2011021,67384.983.65$79,075
Sep 201102,02383.623.99$8,063
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 201103192.904.64$144
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 201102,61496.364.06$10,606
Feb 2011049785.644.18$2,077
Jan 2011087486.504.59$4,011
Dec 201006,22785.734.35$27,073
Nov 201006,89980.843.80$26,184
Oct 201003,95678.103.51$13,881
Sep 201007,81472.633.98$31,096
Aug 201006,77773.684.42$29,950
Jul 2010011,49672.554.74$54,451
Jun 2010011,99470.364.91$58,895
May 2010012,94071.124.24$54,804
Apr 201006,82081.694.12$28,117
Mar 2010011,83478.394.39$51,936
Feb 2010011,53273.585.44$62,761
Jan 201007,28974.365.96$43,472
Dec 2009013371.445.48$729
Nov 2009014,10574.593.75$52,915
Oct 2009015,69972.544.11$64,527
Sep 2009014,63265.543.06$44,843
Aug 2009017,76167.423.22$57,164
Jul 2009015,02261.133.46$52,044
Jun 2009091766.163.90$3,572
May 200902,21154.743.93$8,680
Apr 2009014,76546.773.59$52,969
Mar 2009021,26242.144.06$86,302
Feb 2009021,22232.814.63$98,322
Jan 2009063735.865.37$3,421
Dec 200802837.105.98$167
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 20080127114.228.48$1,077
Jul 2008014,514131.0811.39$165,306
Jun 2008015,279131.3313.03$199,126
May 2008017,922123.1711.57$207,434
Apr 2008017,069110.3110.45$178,454
Mar 2008015,974101.909.66$154,374
Feb 2008016,03992.538.77$140,671
Jan 2008015,71590.388.21$128,953
Dec 2007021,29188.337.30$155,466
Nov 2007024,85891.677.29$181,257
Oct 2007025,92482.856.92$179,445
Sep 2007029,08375.846.24$181,599
Aug 2007030,99969.066.39$198,020
Jul 2007068,44470.906.39$437,216
Jun 2007021,94862.007.55$165,673
May 2007025,83258.747.85$202,685
Apr 200701,16659.617.81$9,101
Mar 2007026,15156.927.30$190,954
Feb 2007026,60355.108.22$218,570
Jan 2007030,06150.306.73$202,216
Dec 2006031,22856.656.92$216,049
Nov 2006031,80854.207.62$242,297
Oct 2006041,42954.906.01$249,146
Sep 2006043,43460.085.04$218,786
Aug 2006049,47868.717.34$363,165
Jul 2006055,07169.376.34$349,302
Jun 2006060,97266.286.38$389,238
May 2006075,37566.016.42$484,284
Apr 20060103,91564.397.36$764,864
Mar 200601,49756.707.08$10,603

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                1,451 Mcf  × $  3.05 =     $4,420

────────────────────────────────────────────────────
Month total                                   $4,420

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/225981 is the state's own key, not one this site invented.