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 226668District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.1 M
Oct 2006 – May 2026
Value, last 12 filed months
$248 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
CondensateDisposition5,181 bbl$378,609
GasProduction1,934,771 Mcf$8,733,071
Total$9,111,679

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 202675,326106.413.05$16,967
Apr 202605,44598.932.87$15,626
Mar 202605,37989.753.15$16,941
Feb 202604,37163.503.75$16,393
Jan 202605,51159.138.00$44,077
Dec 202505,68256.664.41$25,077
Nov 202506,10758.593.93$23,979
Oct 202506,22559.383.30$20,573
Sep 2025305,73762.743.08$19,534
Aug 202504,87763.933.01$14,703
Jul 202505,56366.743.32$18,442
Jun 202505,05666.483.13$15,819
May 202504,75060.553.23$15,354
Apr 202505,22462.363.54$18,509
Mar 2025105,76367.704.27$25,275
Feb 202504,32470.884.34$18,770
Jan 202506,72774.324.28$28,783
Dec 202405,41968.993.12$16,915
Nov 202405,53769.052.20$12,173
Oct 202405,07671.372.28$11,580
Sep 2024395,31369.612.36$15,277
Aug 202405,93575.632.06$12,248
Jul 202405,88879.932.15$12,639
Jun 202405,12678.082.63$13,502
May 202404,94678.812.20$10,873
Apr 202406,76284.451.66$11,220
Mar 202406,49180.301.55$10,029
Feb 202404,68476.091.78$8,355
Jan 202403,24873.023.30$10,711
Dec 202305,73671.262.61$14,975
Nov 202308,04377.892.81$22,581
Oct 20230385.443.09$9
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023018974.852.64$499
Jun 2023078668.962.26$1,775
May 202301,34970.622.23$3,005
Apr 2023068178.122.24$1,524
Mar 202302,46172.852.39$5,890
Feb 202302,57775.112.47$6,354
Jan 202306,18976.533.39$20,967
Dec 202202,69576.415.73$15,440
Nov 202205,61585.005.65$31,703
Oct 202206,16287.185.86$36,132
Sep 202206,07084.888.16$49,554
Aug 202206,25594.529.13$57,090
Jul 202206,623101.587.54$49,951
Jun 202206,606115.097.98$52,697
May 202226,827109.378.43$57,791
Apr 2022406,361104.226.84$47,663
Mar 202206,783108.885.08$34,433
Feb 202205,61791.054.86$27,292
Jan 202206,97381.844.54$31,641
Dec 202107,26071.323.90$28,308
Nov 202107,22977.435.24$37,857
Oct 202127,59079.795.71$43,528
Sep 2021277,13569.865.35$40,065
Aug 202107,30466.024.22$30,827
Jul 202117,14970.783.98$28,539
Jun 2021367,18869.493.38$26,802
May 202107,02363.483.02$21,193
Apr 202107,41860.362.76$20,462
Mar 202107,48861.302.72$20,344
Feb 202155,98057.805.55$33,466
Jan 2021496,25350.412.81$20,043
Dec 202006,71344.642.68$17,960
Nov 202006,46838.772.71$17,506
Oct 202006,76236.972.48$16,759
Sep 202006,55337.091.99$13,047
Aug 202006,76239.982.39$16,128
Jul 202066,76638.371.83$12,579
Jun 2020516,80834.901.69$13,288
May 202007,29516.921.81$13,239
Apr 202006,96514.751.80$12,568
Mar 202007,45630.341.86$13,840
Feb 202006,69149.881.98$13,253
Jan 202027,49057.252.09$15,804
Dec 2019247,70159.012.30$19,162
Nov 201907,09955.302.75$19,527
Oct 201909,48153.472.42$22,930
Sep 2019219,42455.052.66$26,198
Aug 201909,64253.112.30$22,219
Jul 201919,80156.272.46$24,167
Jun 201905,74552.782.49$14,312
May 201908,53958.482.74$23,400
Apr 201908,54962.632.75$23,516
Mar 201908,64456.803.06$26,469
Feb 2019709,23050.852.79$29,332
Jan 201907,08346.033.23$22,865
Dec 201807,33646.594.19$30,704
Nov 201808,76252.934.24$37,127
Oct 201808,58061.443.40$29,156
Sep 201808,86959.543.11$27,565
Aug 201808,79159.403.07$26,958
Jul 201808,66765.142.93$25,411
Jun 201808,64460.183.08$26,597
May 2018259,06865.382.90$27,939
Apr 201808,36363.842.90$24,259
Mar 201808,09061.222.79$22,546
Feb 201807,98061.782.77$22,074
Jan 201807,46862.874.01$29,942
Dec 201709,16657.272.92$26,779
Nov 201709,36955.423.12$29,216
Oct 201707,57249.292.98$22,592
Sep 201707,32147.523.09$22,602
Aug 201705,71145.373.00$17,158
Jul 201705,45143.873.09$16,829
Jun 201706,12942.493.09$18,922
May 201706,95845.373.26$22,707
Apr 201707,39347.933.21$23,743
Mar 201705,61646.772.98$16,756
Feb 201741,84350.452.95$5,643
Jan 201704,05649.413.42$13,867
Dec 2016556,40648.763.72$26,530
Nov 201608,55042.492.64$22,609
Oct 201609,74046.193.09$30,099
Sep 201607,85841.553.10$24,365
Aug 201609,28741.442.92$27,158
Jul 201608,23241.622.92$24,073
Jun 2016477,19145.352.69$21,445
May 201606,77042.521.99$13,479
Apr 201607,17136.561.99$14,278
Mar 201608,21333.011.79$14,734
Feb 201607,37826.472.06$15,225
Jan 201608,73927.352.36$20,662
Dec 2015499,17332.362.00$19,945
Nov 201508,82938.792.17$19,135
Oct 2015010,06243.552.43$24,416
Sep 201509,93642.992.76$27,408
Aug 201506,52640.162.87$18,746
Jul 2015257,42748.152.95$23,077
Jun 2015011,42656.152.88$32,940
May 2015010,81055.212.96$31,948
Apr 2015010,56249.822.71$28,587
Mar 2015011,36842.892.93$33,362
Feb 2015408,75444.662.98$27,840
Jan 2015010,55143.433.10$32,715
Dec 2014012,47954.693.59$44,817
Nov 2014212,68370.464.25$54,067
Oct 201403,20378.303.90$12,495
Sep 201402,64786.164.05$10,708
Aug 201404,17689.394.04$16,851
Jul 2014048396.564.18$2,019
Jun 201405,65098.164.74$26,763
May 2014646,98994.734.73$39,097
Apr 201409,12095.944.81$43,859
Mar 201408,43495.895.06$42,649
Feb 201407,04697.406.19$43,629
Jan 20146910,10090.404.86$55,331
Dec 2013010,03291.824.35$43,684
Nov 201308,59788.853.74$32,138
Oct 201309,48497.423.78$35,843
Sep 2013911,076104.113.72$42,115
Aug 2013011,707104.253.52$41,239
Jul 2013012,125102.523.72$45,078
Jun 20138611,63394.403.93$53,876
May 2013011,22094.834.15$46,553
Apr 20139810,59493.964.28$54,578
Mar 2013012,95093.623.91$50,672
Feb 201316012,01091.233.42$55,670
Jan 20139912,18091.603.42$50,723
Dec 2012012,48186.773.42$42,687
Nov 2012711,93086.953.62$43,854
Oct 20129712,92689.383.40$52,614
Sep 2012012,26394.672.92$35,788
Aug 201208,26092.662.91$24,021
Jul 201210511,38485.133.02$43,327
Jun 201208,62879.822.52$21,734
May 2012010,29291.612.49$25,610
Apr 20129410,485101.652.00$30,492
Mar 2012011,119105.052.22$24,707
Feb 2012011,547101.102.57$29,679
Jan 20129011,55298.092.73$40,412
Dec 20119611,11796.873.24$45,316
Nov 201109,72495.723.31$32,199
Oct 201109,54884.983.65$34,836
Sep 2011011,28883.623.99$44,992
Aug 201111511,84983.404.15$58,756
Jul 2011014,18594.144.52$64,077
Jun 2011909,30192.904.64$51,517
May 20119614,44098.134.40$73,026
Apr 2011012,266105.964.33$53,152
Mar 2011013,21396.364.06$53,610
Feb 2011695,71085.644.18$29,777
Jan 2011014386.504.59$656
Dec 201001,36885.734.35$5,948
Nov 20101159,98180.843.80$47,178
Oct 201008,70078.103.51$30,527
Sep 2010229,12872.633.98$37,922
Aug 2010010,90173.684.42$48,175
Jul 201002,56372.554.74$12,140
Jun 201005,42070.364.91$26,614
May 201008,90371.124.24$37,706
Apr 201002,02181.694.12$8,332
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20092753754.743.93$15,199
Apr 2009011,97546.773.59$42,960
Mar 2009012,73942.144.06$51,708
Feb 2009011,79732.814.63$54,656
Jan 200919513,54235.865.37$79,727
Dec 2008014,40837.105.98$86,119
Nov 2008013,31755.496.86$91,359
Oct 200819814,69175.246.92$116,588
Sep 2008013,032101.767.88$102,654
Aug 2008014,229114.228.48$120,705
Jul 2008015,518131.0811.39$176,741
Jun 2008015,445131.3313.03$201,289
May 2008017,008123.1711.57$196,856
Apr 2008016,180110.3110.45$169,160
Mar 200819015,541101.909.66$169,550
Feb 2008014,93392.538.77$130,971
Jan 200819116,07590.388.21$149,170
Dec 200719416,92988.337.30$140,751
Nov 2007017,32891.677.29$126,351
Oct 200716519,08982.856.92$145,804
Sep 2007018,92775.846.24$118,183
Aug 200719016,68969.066.39$119,730
Jul 200719921,34670.906.39$150,466
Jun 200719720,64062.007.55$168,014
May 200718225,75258.747.85$212,748
Apr 200718325,41359.617.81$209,262
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 200619429,02056.656.92$211,763
Nov 200637747,21854.207.62$380,116
Oct 2006076054.906.01$4,570

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             7 bbl  × $106.41 =       $745
Gas                5,326 Mcf  × $  3.05 =    $16,222

────────────────────────────────────────────────────
Month total                                  $16,967

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/226668 is the state's own key, not one this site invented.