BOURG

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 228468District 09Field 65280200GasSaveExport
Value, all time
$7.1 M
Mar 2007 – May 2026
Value, last 12 filed months
$190 k
at the published price for each month
Months reported
231
no gaps in the span
Streams
1
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
GasProduction1,541,472 Mcf$7,065,933
Total$7,065,933

Every month this lease reported (231)

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

231 months

May 20263,908106.413.05$11,903
Apr 20263,88998.932.87$11,160
Mar 20264,35589.753.15$13,716
Feb 20264,02963.503.75$15,110
Jan 20264,46059.138.00$35,671
Dec 20254,42356.664.41$19,520
Nov 20254,26658.593.93$16,750
Oct 20254,53259.383.30$14,978
Sep 20254,39162.743.08$13,511
Aug 20254,58163.933.01$13,811
Jul 20253,29566.743.32$10,924
Jun 20254,20266.483.13$13,147
May 20254,36860.553.23$14,119
Apr 20254,39662.363.54$15,576
Mar 20254,66267.704.27$19,899
Feb 20254,42370.884.34$19,200
Jan 20255,08074.324.28$21,736
Dec 20245,26068.993.12$16,418
Nov 20245,15069.052.20$11,322
Oct 20245,15271.372.28$11,754
Sep 20245,21769.612.36$12,335
Aug 20245,57875.632.06$11,511
Jul 20244,92179.932.15$10,563
Jun 20244,63778.082.63$12,214
May 20244,46978.812.20$9,825
Apr 20243,26584.451.66$5,417
Mar 20244,48280.301.55$6,925
Feb 20245,08976.091.78$9,077
Jan 20245,26173.023.30$17,349
Dec 20235,45071.262.61$14,228
Nov 20235,31477.892.81$14,919
Oct 20234,86885.443.09$15,029
Sep 20235,84389.042.74$15,981
Aug 20235,00680.522.67$13,380
Jul 20234,77774.852.64$12,620
Jun 20234,69768.962.26$10,608
May 20235,02370.622.23$11,188
Apr 20234,28678.122.24$9,591
Mar 20234,55172.852.39$10,891
Feb 20234,19275.112.47$10,336
Jan 20235,08876.533.39$17,237
Dec 20225,50676.415.73$31,544
Nov 20225,32885.005.65$30,083
Oct 20225,99487.185.86$35,147
Sep 20226,85084.888.16$55,921
Aug 20226,59094.529.13$60,148
Jul 20225,718101.587.54$43,126
Jun 20224,468115.097.98$35,642
May 20224,461109.378.43$37,620
Apr 20224,477104.226.84$30,612
Mar 20224,754108.885.08$24,133
Feb 20224,53191.054.86$22,015
Jan 20225,44481.844.54$24,703
Dec 20214,98271.323.90$19,425
Nov 20214,98077.435.24$26,080
Oct 20215,18179.795.71$29,604
Sep 20214,75169.865.35$25,422
Aug 20214,88666.024.22$20,622
Jul 20215,00670.783.98$19,934
Jun 20214,69869.493.38$15,882
May 20215,00563.483.02$15,103
Apr 20214,95660.362.76$13,671
Mar 20214,95161.302.72$13,452
Feb 20213,45057.805.55$19,140
Jan 20215,35950.412.81$15,060
Dec 20205,61644.642.68$15,025
Nov 20205,46038.772.71$14,778
Oct 20205,63536.972.48$13,966
Sep 20205,46237.091.99$10,875
Aug 20205,40539.982.39$12,891
Jul 20205,84738.371.83$10,671
Jun 20206,35834.901.69$10,747
May 20206,03616.921.81$10,954
Apr 20205,61814.751.80$10,137
Mar 20205,33830.341.86$9,909
Feb 20205,22649.881.98$10,351
Jan 20205,45357.252.09$11,423
Dec 20195,12159.012.30$11,801
Nov 20195,12855.302.75$14,106
Oct 20196,39953.472.42$15,476
Sep 20195,39355.052.66$14,331
Aug 20195,92953.112.30$13,663
Jul 20195,72856.272.46$14,091
Jun 20195,65652.782.49$14,090
May 20195,50558.482.74$15,085
Apr 20195,33562.632.75$14,675
Mar 20193,15556.803.06$9,661
Feb 20192,85350.852.79$7,966
Jan 20192,86146.033.23$9,236
Dec 20183,41746.594.19$14,302
Nov 20183,75752.934.24$15,919
Oct 20183,75861.443.40$12,770
Sep 20184,05759.543.11$12,609
Aug 20183,11559.403.07$9,552
Jul 20183,83265.142.93$11,235
Jun 20183,58860.183.08$11,040
May 20184,11565.382.90$11,937
Apr 20184,19863.842.90$12,178
Mar 20184,31761.222.79$12,031
Feb 20183,88761.782.77$10,752
Jan 20184,79262.874.01$19,213
Dec 20174,75357.272.92$13,886
Nov 20174,76455.423.12$14,856
Oct 20175,21049.292.98$15,545
Sep 20174,88047.523.09$15,066
Aug 20175,25645.373.00$15,791
Jul 20175,68343.873.09$17,545
Jun 20175,39642.493.09$16,659
May 20175,64445.373.26$18,419
Apr 20174,42947.933.21$14,224
Mar 20175,85946.772.98$17,481
Feb 20175,06950.452.95$14,967
Jan 20173,69449.413.42$12,629
Dec 20164,81648.763.72$17,929
Nov 20164,72442.492.64$12,492
Oct 20165,30746.193.09$16,400
Sep 20165,38041.553.10$16,681
Aug 20165,74841.442.92$16,809
Jul 20164,98941.622.92$14,590
Jun 20164,51145.352.69$12,116
May 20164,98042.521.99$9,915
Apr 20165,50936.561.99$10,969
Mar 20165,56133.011.79$9,976
Feb 20165,14726.472.06$10,622
Jan 20165,53527.352.36$13,087
Dec 20155,82132.362.00$11,650
Nov 20154,55738.792.17$9,877
Oct 20153,49343.552.43$8,476
Sep 20154,85442.992.76$13,389
Aug 20154,95140.162.87$14,222
Jul 20157,15748.152.95$21,078
Jun 20156,62756.152.88$19,105
May 20156,82355.212.96$20,165
Apr 20155,68449.822.71$15,384
Mar 20156,64742.892.93$19,507
Feb 20155,98344.662.98$17,807
Jan 20156,79543.433.10$21,069
Dec 20147,72354.693.59$27,736
Nov 20144,36870.464.25$18,572
Oct 20146,82378.303.90$26,616
Sep 20142,19186.164.05$8,864
Aug 20143,42589.394.04$13,820
Jul 20144,73196.564.18$19,774
Jun 20143,94798.164.74$18,696
May 20144,43694.734.73$20,967
Apr 20144,97995.944.81$23,945
Mar 20145,15195.895.06$26,048
Feb 20144,34897.406.19$26,923
Jan 20145,28990.404.86$25,708
Dec 20134,84891.824.35$21,111
Nov 20135,64888.853.74$21,114
Oct 20135,79897.423.78$21,913
Sep 20134,917104.113.72$18,280
Aug 20131,718104.253.52$6,052
Jul 20133,324102.523.72$12,358
Jun 20134,05994.403.93$15,966
May 20134,67894.834.15$19,409
Apr 20134,57793.964.28$19,601
Mar 20135,43893.623.91$21,278
Feb 20135,04791.233.42$17,260
Jan 20136,28991.603.42$21,508
Dec 20126,62186.773.42$22,645
Nov 20126,54886.953.62$23,736
Oct 20125,84289.383.40$19,861
Sep 20121,97294.672.92$5,755
Aug 20127,15592.662.91$20,808
Jul 20129,76385.133.02$29,492
Jun 20127,02179.822.52$17,686
May 20127,18091.612.49$17,866
Apr 20127,208101.652.00$14,393
Mar 20126,531105.052.22$14,512
Feb 20127,117101.102.57$18,292
Jan 20122,37598.092.73$6,493
Dec 20111,27796.873.24$4,137
Nov 2011095.723.31$0
Oct 2011084.983.65$0
Sep 20112,05183.623.99$8,175
Aug 20115883.404.15$241
Jul 20113,21294.144.52$14,509
Jun 20114,21492.904.64$19,552
May 20111,78198.134.40$7,845
Apr 20115,262105.964.33$22,802
Mar 20117,27996.364.06$29,533
Feb 20116,80385.644.18$28,436
Jan 20118,34086.504.59$38,270
Dec 20107,34085.734.35$31,912
Nov 20107,45080.843.80$28,275
Oct 20106,95278.103.51$24,394
Sep 20106,53472.633.98$26,002
Aug 20107,50273.684.42$33,154
Jul 20108,51072.554.74$40,308
Jun 20108,86570.364.91$43,531
May 20109,95671.124.24$42,166
Apr 20106,84981.694.12$28,236
Mar 20107,24978.394.39$31,813
Feb 20109,37073.585.44$50,995
Jan 201010,09474.365.96$60,202
Dec 200910,93171.445.48$59,943
Nov 200911,97374.593.75$44,917
Oct 200912,27972.544.11$50,470
Sep 200911,05065.543.06$33,865
Aug 200912,49267.423.22$40,206
Jul 200913,25761.133.46$45,929
Jun 200913,27866.163.90$51,718
May 200913,68554.743.93$53,724
Apr 200914,42746.773.59$51,757
Mar 200913,39142.144.06$54,354
Feb 200913,42232.814.63$62,184
Jan 200916,77635.865.37$90,104
Dec 200816,74137.105.98$100,063
Nov 200816,80755.496.86$115,302
Oct 200816,10175.246.92$111,451
Sep 200813,636101.767.88$107,412
Aug 20080114.228.48$0
Jul 2008849131.0811.39$9,670
Jun 20085,450131.3313.03$71,028
May 200810,552123.1711.57$122,132
Apr 200813,333110.3110.45$139,395
Mar 200815,914101.909.66$153,794
Feb 200814,63992.538.77$128,393
Jan 200814,82890.388.21$121,675
Dec 200717,46888.337.30$127,551
Nov 200718,20291.677.29$132,724
Oct 200719,93782.856.92$138,004
Sep 200722,65275.846.24$141,443
Aug 200725,02669.066.39$159,865
Jul 200729,28270.906.39$187,052
Jun 200725,46762.007.55$192,236
May 200730,46058.747.85$238,998
Apr 200742,01959.617.81$327,967
Mar 200710,36756.927.30$75,700

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
Gas                3,908 Mcf  × $  3.05 =    $11,903

────────────────────────────────────────────────────
Month total                                  $11,903

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/228468 is the state's own key, not one this site invented.