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 230075District 09Field 65280200CondensateGasSaveExport
Value, all time
$12.1 M
Nov 2006 – May 2026
Value, last 12 filed months
$244 k
at the published price for each month
Months reported
235
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
CondensateDisposition3,267 bbl$235,843
GasProduction2,634,452 Mcf$11,846,282
Total$12,082,125

Every month this lease reported (235)

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

235 months

May 2026195,686106.413.05$19,340
Apr 202605,68698.932.87$16,317
Mar 202606,10489.753.15$19,224
Feb 202605,41663.503.75$20,312
Jan 202605,10959.138.00$40,861
Dec 202504,90256.664.41$21,634
Nov 202504,85358.593.93$19,055
Oct 202505,44259.383.30$17,985
Sep 202505,65362.743.08$17,394
Aug 202505,73163.933.01$17,278
Jul 202505,55866.743.32$18,426
Jun 202505,18266.483.13$16,213
May 202504,72060.553.23$15,257
Apr 202504,74262.363.54$16,801
Mar 202503,66367.704.27$15,635
Feb 202503,04870.884.34$13,231
Jan 202503,17274.324.28$13,572
Dec 202403,91868.993.12$12,230
Nov 202404,20569.052.20$9,244
Oct 202404,34271.372.28$9,906
Sep 202404,28669.612.36$10,134
Aug 202404,49975.632.06$9,284
Jul 202405,02979.932.15$10,795
Jun 202405,37678.082.63$14,160
May 202405,09578.812.20$11,201
Apr 202404,48384.451.66$7,438
Mar 202404,65980.301.55$7,199
Feb 202404,17776.091.78$7,450
Jan 202404,78573.023.30$15,779
Dec 202305,42171.262.61$14,153
Nov 202305,47477.892.81$15,369
Oct 202305,15985.443.09$15,927
Sep 202304,87389.042.74$13,328
Aug 202305,54180.522.67$14,810
Jul 202305,82574.852.64$15,388
Jun 202305,96068.962.26$13,461
May 202307,31370.622.23$16,289
Apr 202307,32478.122.24$16,389
Mar 202307,40072.852.39$17,709
Feb 202306,10075.112.47$15,041
Jan 202304,83676.533.39$16,383
Dec 202205,95176.415.73$34,094
Nov 202205,11685.005.65$28,886
Oct 202205,08587.185.86$29,817
Sep 202205,02784.888.16$41,039
Aug 202204,91994.529.13$44,897
Jul 202204,891101.587.54$36,888
Jun 202204,846115.097.98$38,658
May 202205,441109.378.43$45,884
Apr 202205,481104.226.84$37,477
Mar 202205,910108.885.08$30,002
Feb 202235,10291.054.86$25,063
Jan 2022275,65681.844.54$27,875
Dec 202105,60671.323.90$21,858
Nov 202105,14277.435.24$26,928
Oct 202105,25479.795.71$30,021
Sep 202105,09569.865.35$27,263
Aug 202105,25166.024.22$22,162
Jul 202105,31370.783.98$21,157
Jun 202105,09869.493.38$17,234
May 202104,83463.483.02$14,587
Apr 202104,77160.362.76$13,160
Mar 202104,77661.302.72$12,976
Feb 202104,51557.805.55$25,049
Jan 202105,69950.412.81$16,016
Dec 202005,83444.642.68$15,609
Nov 202005,68938.772.71$15,398
Oct 202035,89636.972.48$14,724
Sep 202005,62437.091.99$11,198
Aug 202005,96339.982.39$14,222
Jul 202006,16238.371.83$11,246
Jun 202005,78634.901.69$9,780
May 202006,07016.921.81$11,016
Apr 202006,08714.751.80$10,983
Mar 202006,37530.341.86$11,833
Feb 202006,28249.881.98$12,443
Jan 202006,70857.252.09$14,052
Dec 201906,79859.012.30$15,665
Nov 201906,86255.302.75$18,875
Oct 201906,69453.472.42$16,190
Sep 201906,12555.052.66$16,276
Aug 201906,83653.112.30$15,753
Jul 201906,88656.272.46$16,940
Jun 201906,96052.782.49$17,339
May 201907,14358.482.74$19,574
Apr 2019626,91762.632.75$22,910
Mar 201906,53056.803.06$19,996
Feb 201905,91750.852.79$16,522
Jan 201907,80646.033.23$25,199
Dec 201808,11046.594.19$33,944
Nov 201807,95552.934.24$33,707
Oct 201808,40061.443.40$28,544
Sep 201808,63159.543.11$26,825
Aug 201808,65059.403.07$26,526
Jul 201808,33565.142.93$24,437
Jun 201808,47660.183.08$26,080
May 201809,13265.382.90$26,490
Apr 201808,89463.842.90$25,800
Mar 2018010,28961.222.79$28,674
Feb 2018011,14761.782.77$30,834
Jan 2018012,61962.874.01$50,594
Dec 2017012,47857.272.92$36,455
Nov 2017011,03355.423.12$34,405
Oct 201709,49749.292.98$28,336
Sep 201708,50147.523.09$26,245
Aug 201709,54145.373.00$28,665
Jul 201709,30043.873.09$28,712
Jun 201707,87242.493.09$24,303
May 201708,35945.373.26$27,279
Apr 201709,66847.933.21$31,050
Mar 201709,95946.772.98$29,714
Feb 2017110,98350.452.95$32,479
Jan 20171410,88049.413.42$37,888
Dec 20166610,88048.763.72$43,723
Nov 201609,40842.492.64$24,878
Oct 201609,73446.193.09$30,081
Sep 201609,53141.553.10$29,552
Aug 201609,34141.442.92$27,316
Jul 201609,17241.622.92$26,822
Jun 201609,21345.352.69$24,745
May 201609,86642.521.99$19,644
Apr 2016709,32136.561.99$21,118
Mar 201609,99133.011.79$17,924
Feb 201609,57526.472.06$19,759
Jan 2016010,19727.352.36$24,109
Dec 2015010,77932.362.00$21,573
Nov 2015011,32138.792.17$24,536
Oct 2015011,29143.552.43$27,399
Sep 2015010,32142.992.76$28,470
Aug 2015010,92840.162.87$31,391
Jul 2015011,03648.152.95$32,502
Jun 2015010,67656.152.88$30,777
May 2015011,17255.212.96$33,018
Apr 2015010,99849.822.71$29,767
Mar 2015011,16742.892.93$32,772
Feb 2015010,23944.662.98$30,473
Jan 2015011,49143.433.10$35,629
Dec 2014011,46954.693.59$41,189
Nov 2014011,17270.464.25$47,502
Oct 2014011,69078.303.90$45,602
Sep 2014011,66186.164.05$47,174
Aug 2014012,12289.394.04$48,914
Jul 2014011,53496.564.18$48,208
Jun 201411111,24698.164.74$64,167
May 2014012,57494.734.73$59,432
Apr 2014012,10495.944.81$58,210
Mar 2014012,59195.895.06$63,670
Feb 2014011,24897.406.19$69,648
Jan 2014012,51090.404.86$60,808
Dec 2013012,77591.824.35$55,628
Nov 2013012,41788.853.74$46,418
Oct 201318012,95097.423.78$66,478
Sep 2013012,598104.113.72$46,836
Aug 2013013,048104.253.52$45,963
Jul 2013013,123102.523.72$48,788
Jun 2013012,38894.403.93$48,727
May 2013012,23194.834.15$50,747
Apr 2013013,01793.964.28$55,746
Mar 2013013,24993.623.91$51,842
Feb 2013011,75491.233.42$40,198
Jan 2013013,34891.603.42$45,649
Dec 2012014,10386.773.42$48,235
Nov 2012013,64686.953.62$49,466
Oct 2012014,54589.383.40$49,448
Sep 2012014,16694.672.92$41,342
Aug 2012014,54992.662.91$42,311
Jul 201218615,21085.133.02$61,781
Jun 2012014,46079.822.52$36,425
May 2012015,59791.612.49$38,810
Apr 2012015,777101.652.00$31,504
Mar 2012016,262105.052.22$36,135
Feb 2012015,212101.102.57$39,098
Jan 2012016,35498.092.73$44,713
Dec 2011014,98196.873.24$48,535
Nov 2011012,90295.723.31$42,722
Oct 2011014,64284.983.65$53,422
Sep 2011012,50083.623.99$49,823
Aug 2011013,38483.404.15$55,535
Jul 2011012,46894.144.52$56,321
Jun 2011011,63292.904.64$53,971
May 2011012,80298.134.40$56,391
Apr 201118512,278105.964.33$72,807
Mar 2011012,55096.364.06$50,920
Feb 2011011,19585.644.18$46,795
Jan 2011012,57586.504.59$57,704
Dec 201008,63085.734.35$37,521
Nov 201007,29280.843.80$27,676
Oct 201007,29678.103.51$25,601
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 2010013,27078.394.39$58,238
Feb 2010023,56773.585.44$128,260
Jan 201020226,28474.365.96$171,781
Dec 2009027,33471.445.48$149,893
Nov 2009026,74274.593.75$100,323
Oct 200919028,21072.544.11$129,733
Sep 2009027,60165.543.06$84,590
Aug 2009028,65667.423.22$92,229
Jul 2009028,87361.133.46$100,031
Jun 200918829,63266.163.90$127,855
May 200905154.743.93$200
Apr 2009030,47446.773.59$109,325
Mar 2009032,91242.144.06$133,590
Feb 200918130,57832.814.63$147,606
Jan 2009034,96435.865.37$187,792
Dec 2008036,32837.105.98$217,138
Nov 2008032,25555.496.86$221,281
Oct 200818934,61275.246.92$253,804
Sep 2008036,322101.767.88$286,112
Aug 20087139,903114.228.48$346,608
Jul 2008035,396131.0811.39$403,140
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 2008011,54590.388.21$94,735
Dec 200718922,95888.337.30$184,333
Nov 2007023,34591.677.29$170,225
Oct 200718325,15782.856.92$189,298
Sep 2007024,18075.846.24$150,984
Aug 2007027,42769.066.39$175,202
Jul 200717928,85570.906.39$197,015
Jun 2007028,07262.007.55$211,900
May 200717628,25158.747.85$232,004
Apr 200719829,28159.617.81$240,347
Mar 2007030,08556.927.30$219,680
Feb 200719629,49755.108.22$253,147
Jan 200719837,47250.306.73$262,028
Dec 2006050,43456.656.92$348,925
Nov 2006016,26954.207.62$123,929

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            19 bbl  × $106.41 =     $2,022
Gas                5,686 Mcf  × $  3.05 =    $17,319

────────────────────────────────────────────────────
Month total                                  $19,340

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/230075 is the state's own key, not one this site invented.