OGLETREE UNIT

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 227939District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.1 M
Apr 2006 – May 2026
Value, last 12 filed months
$22 k
at the published price for each month
Months reported
242
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 bbl$454
GasProduction832,290 Mcf$4,086,004
Total$4,086,457

Every month this lease reported (242)

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

242 months

May 20260433106.413.05$1,319
Apr 2026063698.932.87$1,825
Mar 2026051489.753.15$1,619
Feb 2026024463.503.75$915
Jan 2026029859.138.00$2,383
Dec 2025062256.664.41$2,745
Nov 2025056858.593.93$2,230
Oct 2025083959.383.30$2,773
Sep 2025081262.743.08$2,498
Aug 2025027163.933.01$817
Jul 2025048766.743.32$1,615
Jun 2025051466.483.13$1,608
May 2025083960.553.23$2,712
Apr 2025081262.363.54$2,877
Mar 2025083967.704.27$3,581
Feb 2025075870.884.34$3,290
Jan 2025083974.324.28$3,590
Dec 2024083968.993.12$2,619
Nov 2024081269.052.20$1,785
Oct 2024083971.372.28$1,914
Sep 2024081269.612.36$1,920
Aug 2024083975.632.06$1,731
Jul 2024083979.932.15$1,801
Jun 2024081278.082.63$2,139
May 2024083978.812.20$1,844
Apr 2024081284.451.66$1,347
Mar 2024083980.301.55$1,296
Feb 2024078576.091.78$1,400
Jan 2024083973.023.30$2,767
Dec 2023083171.262.61$2,170
Nov 2023065677.892.81$1,842
Oct 202305485.443.09$167
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 2023093174.852.64$2,460
Jun 202302,13168.962.26$4,813
May 202302,33270.622.23$5,194
Apr 202302,26978.122.24$5,077
Mar 202302,38472.852.39$5,705
Feb 202301,73475.112.47$4,275
Jan 2023083076.533.39$2,812
Dec 2022083976.415.73$4,807
Nov 2022089985.005.65$5,076
Oct 202201,47987.185.86$8,673
Sep 2022067184.888.16$5,478
Aug 202201,95894.529.13$17,871
Jul 202201,145101.587.54$8,636
Jun 202201,740115.097.98$13,880
May 20220249109.378.43$2,100
Apr 202201,006104.226.84$6,879
Mar 20220288108.885.08$1,462
Feb 2022018891.054.86$913
Jan 2022042481.844.54$1,924
Dec 2021074371.323.90$2,897
Nov 202101,38177.435.24$7,232
Oct 2021033679.795.71$1,920
Sep 202102,02269.865.35$10,820
Aug 202102,18466.024.22$9,218
Jul 202101,64170.783.98$6,535
Jun 2021050569.493.38$1,707
May 2021056363.483.02$1,699
Apr 20210660.362.76$17
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 202001,57930.341.86$2,931
Feb 202001,44449.881.98$2,860
Jan 2020046857.252.09$980
Dec 201902,29559.012.30$5,289
Nov 201901,44155.302.75$3,964
Oct 201902,32153.472.42$5,613
Sep 201902,91955.052.66$7,757
Aug 201901,97953.112.30$4,560
Jul 201901,82356.272.46$4,485
Jun 2019074052.782.49$1,843
May 201901,95558.482.74$5,357
Apr 201902,00662.632.75$5,518
Mar 201901,24256.803.06$3,803
Feb 201901,72350.852.79$4,811
Jan 201901,96346.033.23$6,337
Dec 201801,37946.594.19$5,772
Nov 201801,33552.934.24$5,657
Oct 2018061961.443.40$2,103
Sep 201802,31159.543.11$7,183
Aug 2018071059.403.07$2,177
Jul 201803,10165.142.93$9,092
Jun 201803,05060.183.08$9,385
May 201803,17465.382.90$9,207
Apr 201801,46863.842.90$4,258
Mar 201802,77261.222.79$7,725
Feb 201803,96161.782.77$10,957
Jan 201801,71962.874.01$6,892
Dec 201704,70857.272.92$13,755
Nov 201704,23855.423.12$13,216
Oct 201701,56849.292.98$4,678
Sep 201703,43347.523.09$10,599
Aug 201704,54545.373.00$13,655
Jul 201703,36543.873.09$10,389
Jun 201704,31942.493.09$13,334
May 201704,98545.373.26$16,268
Apr 201705,26247.933.21$16,899
Mar 201705,93146.772.98$17,696
Feb 201704,53250.452.95$13,381
Jan 201705,33849.413.42$18,250
Dec 201604,91448.763.72$18,294
Nov 201605,31742.492.64$14,060
Oct 201604,49446.193.09$13,888
Sep 201604,40541.553.10$13,658
Aug 201603,60541.442.92$10,542
Jul 201604,62241.622.92$13,516
Jun 201605,88045.352.69$15,793
May 201605,95242.521.99$11,851
Apr 201604,39636.561.99$8,753
Mar 201605,71733.011.79$10,256
Feb 201604,63426.472.06$9,563
Jan 201605,36827.352.36$12,692
Dec 201505,30332.362.00$10,613
Nov 201506,27738.792.17$13,604
Oct 201506,91943.552.43$16,790
Sep 201508,29242.992.76$22,873
Aug 201506,01840.162.87$17,287
Jul 201504,93548.152.95$14,534
Jun 201504,43156.152.88$12,774
May 201503,26955.212.96$9,661
Apr 201504,01949.822.71$10,878
Mar 201502,90842.892.93$8,534
Feb 201501,50844.662.98$4,488
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 20140090.404.86$0
Dec 20130091.824.35$0
Nov 201301,43588.853.74$5,364
Oct 2013082297.423.78$3,107
Sep 20130722104.113.72$2,684
Aug 20130717104.253.52$2,526
Jul 20130893102.523.72$3,320
Jun 201301,00494.403.93$3,949
May 2013077594.834.15$3,216
Apr 2013050893.964.28$2,176
Mar 2013032593.623.91$1,272
Feb 2013092791.233.42$3,170
Jan 2013039891.603.42$1,361
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 2012034594.672.92$1,007
Aug 201206692.662.91$192
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 201207,89391.612.49$19,640
Apr 201208,290101.652.00$16,553
Mar 201209,009105.052.22$20,019
Feb 201209,264101.102.57$23,811
Jan 2012010,49898.092.73$28,702
Dec 2011011,13596.873.24$36,075
Nov 2011011,65195.723.31$38,580
Oct 2011011,72784.983.65$42,786
Sep 2011012,72683.623.99$50,723
Aug 201116,22883.404.15$25,925
Jul 20110094.144.52$0
Jun 20111192.904.64$98
May 201104,06698.134.40$17,910
Apr 201111,763105.964.33$7,746
Mar 2011065396.364.06$2,649
Feb 2011011685.644.18$485
Jan 201101,67586.504.59$7,686
Dec 201023,25985.734.35$14,341
Nov 201002,77980.843.80$10,547
Oct 201003,19478.103.51$11,207
Sep 201003,38172.633.98$13,455
Aug 201003,60073.684.42$15,910
Jul 201005,92072.554.74$28,040
Jun 201006,25070.364.91$30,690
May 201007,18271.124.24$30,417
Apr 201007,69481.694.12$31,720
Mar 201009,71278.394.39$42,623
Feb 201008,64173.585.44$47,027
Jan 201002,73074.365.96$16,282
Dec 20090071.445.48$0
Nov 200904,61374.593.75$17,306
Oct 200909,37672.544.11$38,538
Sep 200905,57565.543.06$17,086
Aug 200903,27967.423.22$10,553
Jul 200906,28061.133.46$21,757
Jun 200907,95666.163.90$30,989
May 2009011,00654.743.93$43,207
Apr 2009011,61646.773.59$41,672
Mar 2009012,72142.144.06$51,635
Feb 2009012,23232.814.63$56,671
Jan 2009013,79535.865.37$74,093
Dec 2008011,71337.105.98$70,010
Nov 2008014,32955.496.86$98,302
Oct 2008015,77875.246.92$109,215
Sep 200803,221101.767.88$25,372
Aug 2008023,498114.228.48$199,334
Jul 2008025,761131.0811.39$293,403
Jun 2008024,664131.3313.03$321,437
May 20080387123.1711.57$4,479
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 200703,78088.337.30$27,601
Nov 2007014,80091.677.29$107,917
Oct 2007041,48082.856.92$287,124
Sep 2007016,14075.846.24$100,781
Aug 2007032,83569.066.39$209,748
Jul 2007053,92770.906.39$344,482
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0

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                  433 Mcf  × $  3.05 =     $1,319

────────────────────────────────────────────────────
Month total                                   $1,319

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/227939 is the state's own key, not one this site invented.