WESTERN LAKE

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 226985District 09Field 65280200CondensateGasSaveExport
Value, all time
$12.8 M
Dec 2006 – May 2026
Value, last 12 filed months
$282 k
at the published price for each month
Months reported
234
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
CondensateDisposition34,142 bbl$2,489,885
GasProduction2,204,213 Mcf$10,314,705
Total$12,804,590

Every month this lease reported (234)

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

234 months

May 202606,236106.413.05$18,994
Apr 202606,03398.932.87$17,313
Mar 20261006,09789.753.15$28,177
Feb 202605,72163.503.75$21,456
Jan 2026825,37459.138.00$47,829
Dec 202505,38356.664.41$23,757
Nov 202505,53458.593.93$21,729
Oct 202506,03959.383.30$19,958
Sep 2025545,83662.743.08$21,345
Aug 202506,14663.933.01$18,529
Jul 202506,06066.743.32$20,090
Jun 2025755,82866.483.13$23,220
May 202506,02360.553.23$19,468
Apr 2025885,73362.363.54$25,800
Mar 202505,98367.704.27$25,537
Feb 202505,29370.884.34$22,976
Jan 2025925,66374.324.28$31,068
Dec 202405,82668.993.12$18,185
Nov 202405,70269.052.20$12,536
Oct 202405,87071.372.28$13,392
Sep 2024945,80569.612.36$20,268
Aug 202405,99275.632.06$12,365
Jul 202405,98179.932.15$12,839
Jun 2024415,77678.082.63$18,415
May 202405,86378.812.20$12,889
Apr 2024965,62084.451.66$17,432
Mar 202405,95580.301.55$9,201
Feb 202405,62476.091.78$10,031
Jan 202406,03573.023.30$19,901
Dec 20231666,00071.262.61$27,493
Nov 202305,89377.892.81$16,545
Oct 202306,10685.443.09$18,851
Sep 202305,88989.042.74$16,107
Aug 202306,29280.522.67$16,818
Jul 202306,21474.852.64$16,416
Jun 20231115,99868.962.26$21,201
May 202306,12370.622.23$13,638
Apr 202305,95878.122.24$13,333
Mar 20231006,14472.852.39$21,989
Feb 202305,52675.112.47$13,625
Jan 202306,20676.533.39$21,024
Dec 202206,08476.415.73$34,856
Nov 202205,97085.005.65$33,708
Oct 202206,22887.185.86$36,520
Sep 202206,09084.888.16$49,717
Aug 202206,29994.529.13$57,492
Jul 202206,246101.587.54$47,108
Jun 202206,017115.097.98$47,999
May 202206,212109.378.43$52,386
Apr 20221546,180104.226.84$58,306
Mar 202206,502108.885.08$33,007
Feb 20221806,00391.054.86$45,557
Jan 202206,37181.844.54$28,910
Dec 202106,41071.323.90$24,993
Nov 202106,27677.435.24$32,866
Oct 202106,49679.795.71$37,117
Sep 202106,34569.865.35$33,952
Aug 202106,79466.024.22$28,675
Jul 202106,02470.783.98$23,988
Jun 20211786,34669.493.38$33,823
May 202107,57563.483.02$22,859
Apr 202106,52860.362.76$18,007
Mar 202106,57661.302.72$17,867
Feb 20211376,17157.805.55$42,155
Jan 202106,53750.412.81$18,371
Dec 202006,78444.642.68$18,150
Nov 20201856,53238.772.71$24,852
Oct 202006,60836.972.48$16,377
Sep 202006,61137.091.99$13,163
Aug 202006,97939.982.39$16,646
Jul 202006,93938.371.83$12,665
Jun 20201756,70334.901.69$17,438
May 202006,81116.921.81$12,360
Apr 202006,65814.751.80$12,014
Mar 202006,99430.341.86$12,982
Feb 20201735,97049.881.98$20,454
Jan 202006,49357.252.09$13,601
Dec 201906,78959.012.30$15,644
Nov 20191846,74755.302.75$28,734
Oct 201907,02953.472.42$17,000
Sep 201906,90955.052.66$18,359
Aug 201907,12053.112.30$16,407
Jul 2019677,08656.272.46$21,202
Jun 201906,55252.782.49$16,322
May 20191847,65958.482.74$31,748
Apr 201907,66562.632.75$21,084
Mar 201909,53356.803.06$29,191
Feb 201905,55650.852.79$15,514
Jan 201904,11446.033.23$13,281
Dec 20181034,32746.594.19$22,909
Nov 201805,60252.934.24$23,737
Oct 20181777,23761.443.40$35,467
Sep 20181777,07059.543.11$32,512
Aug 201807,44659.403.07$22,834
Jul 201807,41665.142.93$21,743
Jun 201807,19660.183.08$22,142
May 20181797,46665.382.90$33,360
Apr 201807,01763.842.90$20,355
Mar 201807,22461.222.79$20,132
Feb 20181596,67161.782.77$28,276
Jan 201807,38662.874.01$29,613
Dec 20171817,50257.272.92$32,283
Nov 201707,49855.423.12$23,381
Oct 201707,94949.292.98$23,717
Sep 20171866,96247.523.09$30,332
Aug 201706,88245.373.00$20,676
Jul 201707,03143.873.09$21,707
Jun 20171806,84242.493.09$28,771
May 201707,10945.373.26$23,200
Apr 201706,78647.933.21$21,794
Mar 201707,20346.772.98$21,491
Feb 20171826,30750.452.95$27,804
Jan 201707,08349.413.42$24,215
Dec 20161837,05748.763.72$35,195
Nov 201607,08842.492.64$18,743
Oct 201607,55246.193.09$23,338
Sep 20161797,04741.553.10$29,288
Aug 201607,51941.442.92$21,988
Jul 20161857,68441.622.92$30,170
Jun 201606,87645.352.69$18,468
May 201607,02642.521.99$13,989
Apr 201606,82336.561.99$13,585
Mar 20161817,81233.011.79$19,990
Feb 201607,23526.472.06$14,930
Jan 20161858,17327.352.36$24,384
Dec 20151818,41532.362.00$22,699
Nov 201508,41138.792.17$18,229
Oct 201509,66143.552.43$23,443
Sep 20151767,96842.992.76$29,545
Aug 20151827,42840.162.87$28,646
Jul 201507,03448.152.95$20,716
Jun 201506,92856.152.88$19,972
May 201507,25555.212.96$21,442
Apr 201507,10449.822.71$19,227
Mar 20151927,75442.892.93$30,991
Feb 201508,02144.662.98$23,872
Jan 20151859,14843.433.10$36,399
Dec 201408,00054.693.59$28,731
Nov 20141838,47870.464.25$48,941
Oct 20141668,89478.303.90$47,693
Sep 201408,59086.164.05$34,750
Aug 20141739,14189.394.04$52,350
Jul 201409,17696.564.18$38,352
Jun 201408,51398.164.74$40,325
May 20141898,97694.734.73$60,330
Apr 201408,32495.944.81$40,031
Mar 20141828,79695.895.06$61,932
Feb 20141847,35597.406.19$63,464
Jan 201409,13990.404.86$44,422
Dec 20131949,05691.824.35$57,247
Nov 201308,55188.853.74$31,966
Oct 20131919,59697.423.78$54,874
Sep 201308,651104.113.72$32,162
Aug 201308,675104.253.52$30,559
Jul 20133029,175102.523.72$65,071
Jun 201309,25094.403.93$36,384
May 20131909,29994.834.15$56,600
Apr 201309,17293.964.28$39,280
Mar 20131909,31493.623.91$54,232
Feb 201308,52391.233.42$29,148
Jan 20131878,58491.603.42$46,486
Dec 20121869,45686.773.42$48,480
Nov 201209,45886.953.62$34,285
Oct 20121849,98789.383.40$50,399
Sep 20121819,30394.672.92$44,285
Aug 201209,91592.662.91$28,834
Jul 20121559,55185.133.02$42,047
Jun 201208,57279.822.52$21,593
May 20121879,43591.612.49$40,608
Apr 201209,317101.652.00$18,604
Mar 201219010,326105.052.22$42,905
Feb 201208,873101.102.57$22,806
Jan 20121867,66498.092.73$39,199
Dec 2011011,37996.873.24$36,865
Nov 201107,77295.723.31$25,735
Oct 20111844,59084.983.65$32,383
Sep 20111829,06783.623.99$51,358
Aug 201109,92183.404.15$41,165
Jul 20111879,89394.144.52$62,293
Jun 20111809,66492.904.64$61,562
May 201117310,04798.134.40$61,232
Apr 201119410,485105.964.33$65,991
Mar 2011010,10896.364.06$41,012
Feb 20111889,08285.644.18$54,063
Jan 2011010,71686.504.59$49,173
Dec 201019110,62285.734.35$62,556
Nov 201019110,16380.843.80$54,012
Oct 201019010,71878.103.51$52,447
Sep 201017410,60472.633.98$54,836
Aug 2010010,86073.684.42$47,994
Jul 201017710,91872.554.74$64,554
Jun 201016810,94770.364.91$65,575
May 201038911,74871.124.24$77,421
Apr 201018212,34781.694.12$65,770
Mar 201018212,90178.394.39$70,885
Feb 201018911,67973.585.44$77,468
Jan 201040012,72074.365.96$105,607
Dec 200918112,84171.445.48$83,347
Nov 200918113,14074.593.75$62,796
Oct 200939313,89872.544.11$85,632
Sep 200917813,09565.543.06$51,799
Aug 200936714,01567.423.22$69,850
Jul 200936413,99361.133.46$70,730
Jun 200918313,68166.163.90$65,395
May 200937214,29054.743.93$76,462
Apr 200918914,01846.773.59$59,129
Mar 200919314,26942.144.06$66,051
Feb 200938513,89432.814.63$77,003
Jan 200953115,83435.865.37$104,086
Dec 200839115,43537.105.98$106,763
Nov 200836915,49455.496.86$126,770
Oct 200837016,48675.246.92$141,955
Sep 200838216,656101.767.88$170,073
Aug 200856917,083114.228.48$209,907
Jul 200856218,004131.0811.39$278,722
Jun 200835917,446131.3313.03$274,515
May 200854617,748123.1711.57$272,671
Apr 200855617,215110.3110.45$241,313
Mar 200856718,250101.909.66$234,147
Feb 200857518,19792.538.77$212,803
Jan 200877419,74390.388.21$231,960
Dec 200756820,21088.337.30$197,744
Nov 200776620,16491.677.29$217,249
Oct 200775921,90182.856.92$214,481
Sep 200738422,51275.846.24$169,691
Aug 200776517,95169.066.39$167,501
Jul 200776826,64970.906.39$224,683
Jun 20071,13927,37762.007.55$277,272
May 20071,09232,00858.747.85$315,288
Apr 200737829,61059.617.81$253,645
Mar 20071,05022,44856.927.30$223,681
Feb 20071,35334,81955.108.22$360,623
Jan 20071,28335,53750.306.73$303,587
Dec 200691039,53456.656.92$325,065

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                6,236 Mcf  × $  3.05 =    $18,994

────────────────────────────────────────────────────
Month total                                  $18,994

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/226985 is the state's own key, not one this site invented.