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 228470District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.7 M
Apr 2007 – May 2026
Value, last 12 filed months
$141 k
at the published price for each month
Months reported
230
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
CondensateDisposition5,096 bbl$386,180
GasProduction1,157,915 Mcf$5,326,151
Total$5,712,331

Every month this lease reported (230)

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

230 months

May 202673,144106.413.05$10,321
Apr 202603,00698.932.87$8,626
Mar 202603,28489.753.15$10,343
Feb 202603,01663.503.75$11,311
Jan 202602,75359.138.00$22,018
Dec 202503,31456.664.41$14,626
Nov 202503,12158.593.93$12,254
Oct 202503,01659.383.30$9,967
Sep 2025193,20562.743.08$11,054
Aug 202503,27163.933.01$9,861
Jul 202503,21966.743.32$10,672
Jun 202503,11666.483.13$9,749
May 202503,12760.553.23$10,107
Apr 202503,06262.363.54$10,849
Mar 202563,05667.704.27$13,450
Feb 202502,93970.884.34$12,758
Jan 202503,91574.324.28$16,751
Dec 202403,56168.993.12$11,115
Nov 202403,21869.052.20$7,075
Oct 202403,24471.372.28$7,401
Sep 2024393,21569.612.36$10,316
Aug 202403,55275.632.06$7,330
Jul 202403,57179.932.15$7,665
Jun 202403,51278.082.63$9,251
May 202403,70778.812.20$8,150
Apr 202403,78384.451.66$6,277
Mar 202403,84180.301.55$5,935
Feb 202403,47676.091.78$6,200
Jan 202403,23773.023.30$10,675
Dec 202303,69071.262.61$9,634
Nov 202302,99877.892.81$8,417
Oct 202303,13785.443.09$9,685
Sep 202303,07889.042.74$8,418
Aug 202303,23280.522.67$8,639
Jul 202303,42874.852.64$9,056
Jun 202303,07968.962.26$6,954
May 202303,27370.622.23$7,290
Apr 202303,03078.122.24$6,780
Mar 202303,01472.852.39$7,213
Feb 202303,50075.112.47$8,630
Jan 202303,89876.533.39$13,205
Dec 202204,14876.415.73$23,764
Nov 202203,64085.005.65$20,552
Oct 202203,84187.185.86$22,523
Sep 202203,82884.888.16$31,251
Aug 202203,94994.529.13$36,043
Jul 202204,059101.587.54$30,613
Jun 202203,861115.097.98$30,800
May 202223,999109.378.43$33,942
Apr 2022403,796104.226.84$30,124
Mar 202203,966108.885.08$20,133
Feb 202203,37691.054.86$16,403
Jan 202203,77081.844.54$17,107
Dec 202104,03371.323.90$15,725
Nov 202103,95077.435.24$20,686
Oct 202124,15679.795.71$23,906
Sep 2021274,05169.865.35$23,563
Aug 202104,20566.024.22$17,748
Jul 202114,11770.783.98$16,465
Jun 2021364,02169.493.38$16,095
May 202104,18863.483.02$12,638
Apr 202104,28660.362.76$11,823
Mar 202104,45761.302.72$12,109
Feb 202153,58157.805.55$20,156
Jan 2021494,03150.412.81$13,798
Dec 202003,88844.642.68$10,402
Nov 202003,61038.772.71$9,771
Oct 202003,84736.972.48$9,535
Sep 202003,64637.091.99$7,259
Aug 202003,82339.982.39$9,118
Jul 202063,89738.371.83$7,343
Jun 2020513,93334.901.69$8,428
May 202004,22316.921.81$7,664
Apr 202003,95114.751.80$7,129
Mar 202004,44830.341.86$8,257
Feb 202004,25449.881.98$8,426
Jan 202024,78557.252.09$10,138
Dec 2019244,72059.012.30$12,293
Nov 201903,99555.302.75$10,989
Oct 201904,48653.472.42$10,850
Sep 2019214,57955.052.66$13,324
Aug 201904,66053.112.30$10,738
Jul 201914,51556.272.46$11,163
Jun 2019493,92152.782.49$12,354
May 201903,48458.482.74$9,547
Apr 201903,82562.632.75$10,521
Mar 201904,27356.803.06$13,084
Feb 201906,56850.852.79$18,339
Jan 201903,55946.033.23$11,489
Dec 201804,12246.594.19$17,252
Nov 201803,93652.934.24$16,678
Oct 201804,70061.443.40$15,971
Sep 20181834,81659.543.11$25,864
Aug 201804,35659.403.07$13,358
Jul 201804,35265.142.93$12,760
Jun 201804,21160.183.08$12,957
May 20181214,36965.382.90$20,585
Apr 201803,61263.842.90$10,478
Mar 201803,63861.222.79$10,139
Feb 201803,66461.782.77$10,135
Jan 201804,38162.874.01$17,565
Dec 201703,48857.272.92$10,190
Nov 201703,21955.423.12$10,038
Oct 201703,63849.292.98$10,855
Sep 201703,40347.523.09$10,506
Aug 2017573,49745.373.00$13,092
Jul 201703,51043.873.09$10,836
Jun 201703,91842.493.09$12,096
May 201705,28545.373.26$17,247
Apr 201704,86847.933.21$15,634
Mar 201705,59146.772.98$16,682
Feb 201743,94250.452.95$11,841
Jan 201705,44949.413.42$18,629
Dec 2016695,40748.763.72$23,494
Nov 201605,51942.492.64$14,594
Oct 201606,16946.193.09$19,064
Sep 201607,66141.553.10$23,754
Aug 201607,29341.442.92$21,327
Jul 201605,38141.622.92$15,736
Jun 2016745,18345.352.69$17,277
May 201604,61742.521.99$9,193
Apr 201603,81236.561.99$7,590
Mar 201604,03833.011.79$7,244
Feb 201601,74426.472.06$3,599
Jan 201602,83827.352.36$6,710
Dec 2015653,29232.362.00$8,692
Nov 201503,02338.792.17$6,552
Oct 201503,73843.552.43$9,071
Sep 201502,57742.992.76$7,108
Aug 201501,11840.162.87$3,211
Jul 20151042,14448.152.95$11,322
Jun 201502,26656.152.88$6,533
May 201503,09355.212.96$9,141
Apr 201502,76649.822.71$7,486
Mar 201503,15842.892.93$9,268
Feb 2015403,47344.662.98$12,123
Jan 201504,12843.433.10$12,799
Dec 201402,81354.693.59$10,103
Nov 201422,65870.464.25$11,442
Oct 2014081378.303.90$3,171
Sep 2014069786.164.05$2,820
Aug 201403,96989.394.04$16,015
Jul 2014063996.564.18$2,671
Jun 201404,74098.164.74$22,453
May 2014626,78294.734.73$37,929
Apr 201405,75595.944.81$27,676
Mar 201406,75795.895.06$34,169
Feb 201405,35697.406.19$33,164
Jan 2014646,18190.404.86$35,830
Dec 201305,26991.824.35$22,944
Nov 20131256,06188.853.74$33,764
Oct 201306,37997.423.78$24,109
Sep 20131046,062104.113.72$33,364
Aug 201306,542104.253.52$23,045
Jul 201306,298102.523.72$23,414
Jun 2013866,53494.403.93$33,819
May 201306,57194.834.15$27,264
Apr 2013156,82193.964.28$30,621
Mar 201306,67493.623.91$26,114
Feb 2013235,91891.233.42$22,337
Jan 2013856,32891.603.42$29,427
Dec 201205,73486.773.42$19,611
Nov 20121845,38986.953.62$35,534
Oct 2012905,09489.383.40$25,362
Sep 201205,49094.672.92$16,022
Aug 201206,04092.662.91$17,565
Jul 2012736,35785.133.02$25,418
Jun 201206,48379.822.52$16,331
May 201207,00191.612.49$17,421
Apr 2012846,589101.652.00$21,696
Mar 201207,717105.052.22$17,148
Feb 201203,763101.102.57$9,672
Jan 2012876,80498.092.73$27,137
Dec 2011945,70796.873.24$27,595
Nov 201106,28195.723.31$20,798
Oct 201107,06084.983.65$25,759
Sep 201107,26483.623.99$28,953
Aug 2011656,77083.404.15$33,512
Jul 201106,52794.144.52$29,484
Jun 2011936,96392.904.64$40,947
May 2011999,40498.134.40$51,138
Apr 201108,742105.964.33$37,882
Mar 201109,84996.364.06$39,961
Feb 20111095,76085.644.18$33,411
Jan 201101,40086.504.59$6,424
Dec 201003,52785.734.35$15,335
Nov 2010583,47180.843.80$17,862
Oct 201006,27478.103.51$22,015
Sep 20101684,76972.633.98$31,180
Aug 201006,68173.684.42$29,526
Jul 201007,84772.554.74$37,167
Jun 201004,15470.364.91$20,398
May 201006,16371.124.24$26,102
Apr 201002,90381.694.12$11,968
Mar 201004,27278.394.39$18,748
Feb 201008,93673.585.44$48,633
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 20091934654.743.93$10,745
Apr 200907,70846.773.59$27,652
Mar 20091956,64942.144.06$35,206
Feb 200906,44232.814.63$29,846
Jan 200908,12835.865.37$43,655
Dec 20081999,11837.105.98$61,882
Nov 200809,63655.496.86$66,106
Oct 2008010,09675.246.92$69,884
Sep 200809,258101.767.88$72,926
Aug 20081919,994114.228.48$106,595
Jul 2008010,568131.0811.39$120,364
Jun 2008010,418131.3313.03$135,774
May 200819912,567123.1711.57$169,965
Apr 200806,858110.3110.45$71,699
Mar 200808,969101.909.66$86,677
Feb 2008010,42192.538.77$91,398
Jan 200817612,85390.388.21$121,375
Dec 200719013,25488.337.30$113,563
Nov 2007013,49891.677.29$98,423
Oct 200717214,89682.856.92$117,360
Sep 2007012,68675.846.24$79,213
Aug 200716414,71569.066.39$105,324
Jul 200716214,74970.906.39$105,702
Jun 200718413,64862.007.55$114,429
May 200719720,47158.747.85$172,193
Apr 2007029,02759.617.81$226,562

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                3,144 Mcf  × $  3.05 =     $9,576

────────────────────────────────────────────────────
Month total                                  $10,321

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/228470 is the state's own key, not one this site invented.