LAST CHANCE MIDGE

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 228735District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.2 M
Apr 2006 – May 2026
Value, last 12 filed months
$82 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
CondensateDisposition32 bbl$2,237
GasProduction1,870,027 Mcf$9,222,094
Total$9,224,331

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 202602,299106.413.05$7,002
Apr 202602,15398.932.87$6,179
Mar 202603,52289.753.15$11,092
Feb 202601,92863.503.75$7,231
Jan 202602,76359.138.00$22,098
Dec 202502,50256.664.41$11,042
Nov 202505158.593.93$200
Oct 202501,19059.383.30$3,933
Sep 202503,50762.743.08$10,791
Aug 2025070963.933.01$2,137
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 202501070.884.34$43
Jan 202502,91374.324.28$12,464
Dec 202433,62368.993.12$11,516
Nov 202403,74669.052.20$8,235
Oct 202404,29371.372.28$9,794
Sep 202404,47169.612.36$10,571
Aug 202405,20975.632.06$10,749
Jul 202414,79479.932.15$10,371
Jun 202403,88578.082.63$10,233
May 202414,11878.812.20$9,132
Apr 202403,95784.451.66$6,565
Mar 202404,27880.301.55$6,610
Feb 202405,25176.091.78$9,366
Jan 202405,00373.023.30$16,498
Dec 202304,38871.262.61$11,456
Nov 202303,97277.892.81$11,152
Oct 202304,80285.443.09$14,825
Sep 202304,66889.042.74$12,767
Aug 202303,77080.522.67$10,077
Jul 202303,94774.852.64$10,427
Jun 202303,91168.962.26$8,833
May 202304,05070.622.23$9,021
Apr 202303,71578.122.24$8,313
Mar 202304,02872.852.39$9,640
Feb 202303,69375.112.47$9,106
Jan 202304,13876.533.39$14,018
Dec 202204,16176.415.73$23,839
Nov 202203,70085.005.65$20,891
Oct 202204,64987.185.86$27,261
Sep 202205,27884.888.16$43,088
Aug 202204,65994.529.13$42,523
Jul 202204,834101.587.54$36,458
Jun 202203,921115.097.98$31,279
May 202204,124109.378.43$34,778
Apr 202204,437104.226.84$30,338
Mar 202204,456108.885.08$22,620
Feb 202204,68391.054.86$22,754
Jan 202204,76081.844.54$21,599
Dec 202104,88871.323.90$19,059
Nov 202103,89777.435.24$20,408
Oct 202104,66279.795.71$26,638
Sep 202103,67869.865.35$19,681
Aug 202103,95066.024.22$16,671
Jul 202103,69670.783.98$14,718
Jun 202104,08369.493.38$13,803
May 202104,07363.483.02$12,291
Apr 202104,28560.362.76$11,820
Mar 202104,21261.302.72$11,444
Feb 202103,46557.805.55$19,224
Jan 202114,25250.412.81$12,000
Dec 202004,20944.642.68$11,261
Nov 202003,82738.772.71$10,358
Oct 202004,00736.972.48$9,931
Sep 202004,02537.091.99$8,014
Aug 202004,59439.982.39$10,957
Jul 202004,43338.371.83$8,091
Jun 202004,45534.901.69$7,530
May 202004,45016.921.81$8,076
Apr 202004,27614.751.80$7,716
Mar 202004,36130.341.86$8,095
Feb 202004,31349.881.98$8,543
Jan 202004,51757.252.09$9,462
Dec 201904,56959.012.30$10,529
Nov 201905,19655.302.75$14,293
Oct 201905,16853.472.42$12,499
Sep 201914,99855.052.66$13,336
Aug 201905,73553.112.30$13,216
Jul 201906,21856.272.46$15,297
Jun 201906,29452.782.49$15,680
May 201905,20258.482.74$14,255
Apr 201915,36662.632.75$14,823
Mar 201905,53156.803.06$16,936
Feb 201905,57350.852.79$15,561
Jan 201906,10446.033.23$19,705
Dec 201806,07346.594.19$25,418
Nov 201806,16152.934.24$26,106
Oct 201808,67261.443.40$29,468
Sep 201805,00859.543.11$15,565
Aug 201811,48859.403.07$4,622
Jul 2018077765.142.93$2,278
Jun 201801,03760.183.08$3,191
May 201801,78765.382.90$5,184
Apr 201801,73863.842.90$5,042
Mar 201803,59961.222.79$10,030
Feb 201803,07661.782.77$8,509
Jan 201803,58062.874.01$14,353
Dec 201704,30657.272.92$12,580
Nov 201703,41755.423.12$10,655
Oct 201704,65949.292.98$13,901
Sep 201704,15547.523.09$12,828
Aug 201704,74645.373.00$14,259
Jul 201704,58143.873.09$14,143
Jun 201704,08042.493.09$12,596
May 201704,36845.373.26$14,255
Apr 201704,65647.933.21$14,953
Mar 201706,60546.772.98$19,707
Feb 201704,33050.452.95$12,785
Jan 201704,14849.413.42$14,181
Dec 201615,50748.763.72$20,550
Nov 201602,35242.492.64$6,220
Oct 201605,40746.193.09$16,709
Sep 201605,34241.553.10$16,564
Aug 201605,33541.442.92$15,601
Jul 201605,63241.622.92$16,470
Jun 201605,33845.352.69$14,337
May 201605,33042.521.99$10,612
Apr 201605,89236.561.99$11,731
Mar 201615,60233.011.79$10,083
Feb 201606,18826.472.06$12,770
Jan 201606,23727.352.36$14,747
Dec 201506,18132.362.00$12,371
Nov 201506,35738.792.17$13,778
Oct 201506,64743.552.43$16,129
Sep 201506,67642.992.76$18,415
Aug 201506,56040.162.87$18,844
Jul 201506,81448.152.95$20,068
Jun 201505,64256.152.88$16,265
May 201504,61755.212.96$13,645
Apr 201505,00249.822.71$13,538
Mar 201506,02542.892.93$17,682
Feb 201505,91244.662.98$17,595
Jan 201507,14543.433.10$22,154
Dec 201407,16054.693.59$25,714
Nov 201407,19070.464.25$30,571
Oct 201406,90978.303.90$26,952
Sep 201406,17886.164.05$24,993
Aug 201406,87589.394.04$27,741
Jul 201407,57896.564.18$31,673
Jun 201407,49298.164.74$35,489
May 201406,51294.734.73$30,779
Apr 201405,77195.944.81$27,753
Mar 201406,22995.895.06$31,499
Feb 201405,60797.406.19$34,719
Jan 201405,95690.404.86$28,950
Dec 201305,02291.824.35$21,868
Nov 201305,65488.853.74$21,136
Oct 201306,79997.423.78$25,696
Sep 201305,579104.113.72$20,741
Aug 201306,514104.253.52$22,946
Jul 201306,899102.523.72$25,649
Jun 201306,78394.403.93$26,680
May 201306,38694.834.15$26,496
Apr 201306,39593.964.28$27,387
Mar 201306,59993.623.91$25,821
Feb 201305,98391.233.42$20,461
Jan 201305,75591.603.42$19,682
Dec 201206,66186.773.42$22,782
Nov 201206,51286.953.62$23,606
Oct 201206,72089.383.40$22,846
Sep 201206,36394.672.92$18,570
Aug 201207,02392.662.91$20,424
Jul 201208,98185.133.02$27,130
Jun 201207,54079.822.52$18,994
May 201208,61391.612.49$21,432
Apr 201207,856101.652.00$15,687
Mar 201209,010105.052.22$20,021
Feb 201208,471101.102.57$21,773
Jan 201209,62098.092.73$26,302
Dec 201109,51796.873.24$30,833
Nov 201109,44195.723.31$31,262
Oct 201109,76084.983.65$35,610
Sep 201109,10783.623.99$36,299
Aug 201108,60383.404.15$35,697
Jul 201108,57194.144.52$38,717
Jun 201108,85992.904.64$41,105
May 201109,78198.134.40$43,084
Apr 201108,407105.964.33$36,430
Mar 201119,74896.364.06$39,647
Feb 201108,92785.644.18$37,315
Jan 2011010,32786.504.59$47,388
Dec 2010010,30885.734.35$44,817
Nov 2010010,21080.843.80$38,750
Oct 2010012,06178.103.51$42,321
Sep 2010612,19572.633.98$48,965
Aug 2010012,48473.684.42$55,171
Jul 2010012,77172.554.74$60,490
Jun 201009,28070.364.91$45,569
May 2010012,70471.124.24$53,804
Apr 2010513,83881.694.12$57,458
Mar 2010015,01278.394.39$65,883
Feb 2010013,51473.585.44$73,548
Jan 201007,91374.365.96$47,194
Dec 200927,36771.445.48$40,542
Nov 200907,75274.593.75$29,082
Oct 200907,40272.544.11$30,424
Sep 200937,66365.543.06$23,682
Aug 200909,30067.423.22$29,932
Jul 200909,82261.133.46$34,028
Jun 200909,34166.163.90$36,383
May 200909,73154.743.93$38,201
Apr 2009010,55546.773.59$37,866
Mar 2009010,00542.144.06$40,610
Feb 200909,60932.814.63$44,519
Jan 2009010,42035.865.37$55,966
Dec 2008010,96837.105.98$65,557
Nov 2008010,80855.496.86$74,147
Oct 2008012,58375.246.92$87,099
Sep 2008014,814101.767.88$116,691
Aug 200809,644114.228.48$81,810
Jul 200805,756131.0811.39$65,558
Jun 2008010,193131.3313.03$132,842
May 2008012,733123.1711.57$147,375
Apr 2008011,635110.3110.45$121,642
Mar 2008014,081101.909.66$136,080
Feb 2008012,77892.538.77$112,070
Jan 2008013,00490.388.21$106,707
Dec 2007013,99888.337.30$102,213
Nov 2007010,51991.677.29$76,701
Oct 2007115,88882.856.92$110,059
Sep 200715,65575.846.24$35,387
Aug 2007017,21769.066.39$109,981
Jul 2007019,76970.906.39$126,283
Jun 2007019,48462.007.55$147,074
May 2007017,99058.747.85$141,155
Apr 2007020,15459.617.81$157,306
Mar 2007022,48456.927.30$164,177
Feb 2007020,31755.108.22$166,924
Jan 2007024,78350.306.73$166,712
Dec 2006026,33856.656.92$182,218
Nov 2006028,29054.207.62$215,499
Oct 2006130,77454.906.01$185,124
Sep 2006032,23760.085.04$162,384
Aug 2006137,46068.717.34$275,022
Jul 2006042,63969.376.34$270,449
Jun 2006048,37666.286.38$308,827
May 2006066,45366.016.42$426,961
Apr 2006020,43764.397.36$150,426

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                2,299 Mcf  × $  3.05 =     $7,002

────────────────────────────────────────────────────
Month total                                   $7,002

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/228735 is the state's own key, not one this site invented.