RAY GAS UNIT "A"

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 227433District 09Field 65280200CondensateGasSaveExport
Value, all time
$11.3 M
Dec 2006 – May 2026
Value, last 12 filed months
$0
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
CondensateDisposition5,937 bbl$431,495
GasProduction1,928,968 Mcf$10,908,032
Total$11,339,527

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 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 202412,95776.091.78$5,350
Jan 202402,14973.023.30$7,087
Dec 202302,15771.262.61$5,631
Nov 202321,77477.892.81$5,136
Oct 202302,37885.443.09$7,342
Sep 202301,80389.042.74$4,931
Aug 202301,53680.522.67$4,106
Jul 202302,59474.852.64$6,853
Jun 202301,74468.962.26$3,939
May 202301,81770.622.23$4,047
Apr 202302,45278.122.24$5,487
Mar 2023080672.852.39$1,929
Feb 20230075.112.47$0
Jan 2023036976.533.39$1,250
Dec 202202,10576.415.73$12,060
Nov 202202,61285.005.65$14,748
Oct 202202,77987.185.86$16,295
Sep 202203,82684.888.16$31,234
Aug 202202,43094.529.13$22,179
Jul 20220487101.587.54$3,673
Jun 202201,753115.097.98$13,984
May 202201,356109.378.43$11,435
Apr 20220658104.226.84$4,499
Mar 202203,702108.885.08$18,793
Feb 202203,54191.054.86$17,205
Jan 202203,76581.844.54$17,084
Dec 202103,56271.323.90$13,889
Nov 202103,53977.435.24$18,533
Oct 202102,07479.795.71$11,851
Sep 202104,05169.865.35$21,677
Aug 202104,15766.024.22$17,545
Jul 202104,28370.783.98$17,055
Jun 202104,39569.493.38$14,858
May 202103,91263.483.02$11,805
Apr 202102,88660.362.76$7,961
Mar 202103,03161.302.72$8,235
Feb 202101,83657.805.55$10,186
Jan 2021011650.412.81$326
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 202007836.972.48$193
Sep 202001,98837.091.99$3,958
Aug 202001,98039.982.39$4,723
Jul 202001,77838.371.83$3,245
Jun 202002,82634.901.69$4,777
May 202002,73416.921.81$4,962
Apr 202002,20114.751.80$3,971
Mar 202002,26030.341.86$4,195
Feb 202002,50049.881.98$4,952
Jan 202002,84657.252.09$5,962
Dec 201902,96959.012.30$6,842
Nov 201903,07455.302.75$8,456
Oct 201903,06453.472.42$7,410
Sep 201903,41655.052.66$9,077
Aug 201903,23853.112.30$7,462
Jul 201903,26556.272.46$8,032
Jun 201903,11952.782.49$7,770
May 201903,36058.482.74$9,207
Apr 201903,10662.632.75$8,544
Mar 201902,75156.803.06$8,424
Feb 201902,42550.852.79$6,771
Jan 201902,57146.033.23$8,300
Dec 201802,58946.594.19$10,836
Nov 201802,80252.934.24$11,873
Oct 201801,84461.443.40$6,266
Sep 201802,08259.543.11$6,471
Aug 201802,95459.403.07$9,059
Jul 201802,99665.142.93$8,784
Jun 201802,93860.183.08$9,040
May 201813,18365.382.90$9,299
Apr 2018472,59963.842.90$10,540
Mar 2018173,19161.222.79$9,934
Feb 201802,93561.782.77$8,119
Jan 201803,77262.874.01$15,123
Dec 201703,31757.272.92$9,691
Nov 201723,43855.423.12$10,832
Oct 2017303,66849.292.98$12,423
Sep 201704,58847.523.09$14,164
Aug 201704,19045.373.00$12,588
Jul 2017032643.873.09$1,006
Jun 20170042.493.09$0
May 201719045.373.26$862
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 20161018433.011.79$3,485
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 201507638.792.17$165
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 201501,14056.152.88$3,286
May 201501,74555.212.96$5,157
Apr 201501,37249.822.71$3,713
Mar 201501,01742.892.93$2,985
Feb 2015074944.662.98$2,229
Jan 201501,39143.433.10$4,313
Dec 20140054.693.59$0
Nov 201401,38470.464.25$5,885
Oct 201401,44278.303.90$5,625
Sep 201401,80386.164.05$7,294
Aug 201401,79189.394.04$7,227
Jul 201402,37396.564.18$9,918
Jun 201402,74998.164.74$13,022
May 201402,41294.734.73$11,400
Apr 201402,63495.944.81$12,667
Mar 201401,44695.895.06$7,312
Feb 2014033397.406.19$2,062
Jan 201403,76690.404.86$18,305
Dec 201305,55591.824.35$24,189
Nov 201305,38488.853.74$20,127
Oct 201306,77497.423.78$25,601
Sep 201306,800104.113.72$25,281
Aug 201306,996104.253.52$24,644
Jul 2013023102.523.72$86
Jun 201301,24694.403.93$4,901
May 201306,61694.834.15$27,450
Apr 201304,50893.964.28$19,306
Mar 201305,86693.623.91$22,953
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20123386.953.62$272
Oct 2012927,87289.383.40$34,985
Sep 2012012,82494.672.92$37,426
Aug 2012013,73192.662.91$39,932
Jul 2012014,10985.133.02$42,620
Jun 201213417,65579.822.52$55,170
May 201201,04491.612.49$2,598
Apr 2012011,785101.652.00$23,532
Mar 2012014,741105.052.22$32,756
Feb 2012014,131101.102.57$36,320
Jan 201212114,86598.092.73$52,511
Dec 2011015,33096.873.24$49,665
Nov 2011016,47295.723.31$54,543
Oct 2011016,69884.983.65$60,923
Sep 2011016,52683.623.99$65,869
Aug 2011017,41083.404.15$72,240
Jul 201118817,20594.144.52$95,417
Jun 2011017,04292.904.64$79,073
May 2011017,44998.134.40$76,860
Apr 2011016,397105.964.33$71,053
Mar 2011017,24596.364.06$69,969
Feb 2011015,46985.644.18$64,660
Jan 201119517,55286.504.59$97,410
Dec 2010017,70085.734.35$76,955
Nov 2010017,20980.843.80$65,314
Oct 2010017,96078.103.51$63,020
Sep 2010017,76872.633.98$70,707
Aug 2010018,19873.684.42$80,424
Jul 201018818,64272.554.74$101,937
Jun 2010018,33970.364.91$90,052
May 2010019,19671.124.24$81,299
Apr 2010019,26581.694.12$79,424
Mar 201018520,53878.394.39$104,637
Feb 2010018,32673.585.44$99,737
Jan 2010020,53874.365.96$122,490
Dec 200919020,85271.445.48$127,921
Nov 2009020,29574.593.75$76,137
Oct 2009021,30172.544.11$87,552
Sep 2009020,68065.543.06$63,379
Aug 200918922,00967.423.22$83,578
Jul 2009022,18361.133.46$76,853
Jun 2009021,90766.163.90$85,328
May 2009022,63554.743.93$88,859
Apr 200919422,94846.773.59$91,399
Mar 2009023,91342.144.06$97,063
Feb 200919621,94032.814.63$108,079
Jan 2009024,35235.865.37$130,795
Dec 200819624,26837.105.98$152,325
Nov 2008024,78555.496.86$170,034
Oct 20084625,81175.246.92$182,124
Sep 2008025,850101.767.88$203,623
Aug 200815226,794114.228.48$244,655
Jul 2008027,949131.0811.39$318,323
Jun 200814426,754131.3313.03$367,587
May 200818727,704123.1711.57$343,687
Apr 2008027,001110.3110.45$282,292
Mar 200830628,931101.909.66$310,773
Feb 200817328,38492.538.77$264,952
Jan 2008030,57690.388.21$250,898
Dec 200718630,71988.337.30$240,739
Nov 200719431,56691.677.29$247,954
Oct 2007033,99282.856.92$235,292
Sep 200718433,72175.846.24$224,514
Aug 200734935,75569.066.39$252,503
Jul 2007038,52470.906.39$246,089
Jun 200718236,63762.007.55$287,837
May 200718543,74158.747.85$354,071
Apr 200718446,81959.617.81$376,400
Mar 200736848,83256.927.30$377,516
Feb 200735257,54655.108.22$492,193
Jan 200745468,32450.306.73$482,442
Dec 200603,90856.656.92$27,037

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.

Feb 2024 — as filed, then multipliedworked
Condensate             1 bbl  × $ 76.09 =        $76
Gas                2,957 Mcf  × $  1.78 =     $5,274

────────────────────────────────────────────────────
Month total                                   $5,350

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/227433 is the state's own key, not one this site invented.