SHERMAN HUDSON GU

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 231122District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.0 M
May 2007 – May 2026
Value, last 12 filed months
$86 k
at the published price for each month
Months reported
229
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
CondensateDisposition5,699 bbl$445,673
GasProduction735,272 Mcf$3,583,811
Total$4,029,484

Every month this lease reported (229)

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

229 months

May 202601,862106.413.05$5,671
Apr 202601,82698.932.87$5,240
Mar 202601,87789.753.15$5,912
Feb 202601,73363.503.75$6,499
Jan 202601,79059.138.00$14,316
Dec 202501,75556.664.41$7,745
Nov 202501,81558.593.93$7,126
Oct 202501,92259.383.30$6,352
Sep 202501,83862.743.08$5,655
Aug 202501,95063.933.01$5,879
Jul 2025481,86866.743.32$9,396
Jun 202501,82866.483.13$5,719
May 202501,87660.553.23$6,064
Apr 202501,81462.363.54$6,427
Mar 202501,90767.704.27$8,140
Feb 202501,74670.884.34$7,579
Jan 202501,92074.324.28$8,215
Dec 202401,93568.993.12$6,040
Nov 202401,87469.052.20$4,120
Oct 2024871,95171.372.28$10,660
Sep 202401,92569.612.36$4,551
Aug 202401,98775.632.06$4,100
Jul 202402,01679.932.15$4,328
Jun 202401,94678.082.63$5,126
May 202401,98278.812.20$4,357
Apr 202401,87684.451.66$3,113
Mar 202401,93080.301.55$2,982
Feb 202401,83476.091.78$3,271
Jan 202401,94973.023.30$6,427
Dec 202301,96271.262.61$5,122
Nov 2023921,93477.892.81$12,596
Oct 202302,04585.443.09$6,313
Sep 202301,95489.042.74$5,344
Aug 202302,04080.522.67$5,453
Jul 202302,03274.852.64$5,368
Jun 202301,92868.962.26$4,354
May 202302,03470.622.23$4,531
Apr 202301,98278.122.24$4,435
Mar 202302,01372.852.39$4,817
Feb 202301,76575.112.47$4,352
Jan 202302,01276.533.39$6,816
Dec 202201,85676.415.73$10,633
Nov 202201,92785.005.65$10,880
Oct 202202,01587.185.86$11,815
Sep 202201,99384.888.16$16,270
Aug 202202,01494.529.13$18,382
Jul 202202,032101.587.54$15,326
Jun 202201,983115.097.98$15,819
May 202202,048109.378.43$17,271
Apr 202201,986104.226.84$13,579
Mar 20221632,079108.885.08$28,301
Feb 202201,99391.054.86$9,684
Jan 202202,05981.844.54$9,343
Dec 202102,04871.323.90$7,985
Nov 202101,96177.435.24$10,269
Oct 202102,04579.795.71$11,685
Sep 202101,98269.865.35$10,606
Aug 202102,08366.024.22$8,791
Jul 202102,10370.783.98$8,374
Jun 202102,03469.493.38$6,876
May 202102,01863.483.02$6,090
Apr 202102,01360.362.76$5,553
Mar 202102,05461.302.72$5,581
Feb 202101,75557.805.55$9,737
Jan 202102,09050.412.81$5,873
Dec 202002,11244.642.68$5,651
Nov 202002,07138.772.71$5,605
Oct 202002,11536.972.48$5,242
Sep 202002,08337.091.99$4,147
Aug 202002,15239.982.39$5,133
Jul 202001,91438.371.83$3,493
Jun 20201461,86334.901.69$8,244
May 202001,97016.921.81$3,575
Apr 202001,93314.751.80$3,488
Mar 202002,00930.341.86$3,729
Feb 202001,85049.881.98$3,664
Jan 202001,99457.252.09$4,177
Dec 201902,01159.012.30$4,634
Nov 201901,95055.302.75$5,364
Oct 201902,04153.472.42$4,936
Sep 201901,97255.052.66$5,240
Aug 201902,03853.112.30$4,696
Jul 201902,06656.272.46$5,082
Jun 201902,01652.782.49$5,022
May 201901,99758.482.74$5,472
Apr 201901,94362.632.75$5,345
Mar 201902,01256.803.06$6,161
Feb 201901,83350.852.79$5,118
Jan 201901,95946.033.23$6,324
Dec 201802,00346.594.19$8,383
Nov 201801,96352.934.24$8,318
Oct 201802,03461.443.40$6,912
Sep 201801,99159.543.11$6,188
Aug 201802,08359.403.07$6,388
Jul 201802,08265.142.93$6,104
Jun 201802,04960.183.08$6,305
May 2018682,06865.382.90$10,445
Apr 201802,00663.842.90$5,819
Mar 201802,07061.222.79$5,769
Feb 201801,87961.782.77$5,198
Jan 201802,06362.874.01$8,271
Dec 201702,09657.272.92$6,124
Nov 201702,08455.423.12$6,499
Oct 201702,16249.292.98$6,451
Sep 20171492,08547.523.09$13,517
Aug 201702,17745.373.00$6,541
Jul 201702,20143.873.09$6,795
Jun 201702,15242.493.09$6,644
May 201702,23245.373.26$7,284
Apr 201702,13447.933.21$6,854
Mar 201702,22046.772.98$6,624
Feb 201702,02150.452.95$5,967
Jan 201702,21949.413.42$7,586
Dec 201602,25148.763.72$8,380
Nov 201602,21242.492.64$5,849
Oct 201602,32546.193.09$7,185
Sep 201602,20441.553.10$6,834
Aug 201602,35641.442.92$6,890
Jul 201602,36641.622.92$6,919
Jun 201602,36145.352.69$6,341
May 20161582,36742.521.99$11,431
Apr 201602,18736.561.99$4,354
Mar 201602,32533.011.79$4,171
Feb 201602,22426.472.06$4,590
Jan 201602,42427.352.36$5,731
Dec 201502,44632.362.00$4,895
Nov 201502,45038.792.17$5,310
Oct 201501,85143.552.43$4,492
Sep 201501,69742.992.76$4,681
Aug 201501,64840.162.87$4,734
Jul 201501,77048.152.95$5,213
Jun 201501,73556.152.88$5,002
May 201502,25255.212.96$6,656
Apr 201501,88749.822.71$5,107
Mar 20151823,36742.892.93$17,687
Feb 201503,84444.662.98$11,440
Jan 201502,83543.433.10$8,790
Dec 201402,48354.693.59$8,917
Nov 201402,32770.464.25$9,894
Oct 201401,74878.303.90$6,819
Sep 201401,41186.164.05$5,708
Aug 201401,40489.394.04$5,665
Jul 201401,55696.564.18$6,503
Jun 201402,28398.164.74$10,814
May 201402,42694.734.73$11,467
Apr 201402,27695.944.81$10,946
Mar 201402,28195.895.06$11,535
Feb 201402,09897.406.19$12,991
Jan 201402,05690.404.86$9,994
Dec 201302,14891.824.35$9,353
Nov 201301,58988.853.74$5,940
Oct 201301,63097.423.78$6,160
Sep 201301,920104.113.72$7,138
Aug 201302,628104.253.52$9,257
Jul 201302,563102.523.72$9,529
Jun 201302,06894.403.93$8,134
May 201301,62094.834.15$6,722
Apr 201302,23993.964.28$9,589
Mar 201302,96793.623.91$11,609
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20121781,79186.953.62$21,969
Oct 201203,62789.383.40$12,331
Sep 201203,50194.672.92$10,217
Aug 201203,51692.662.91$10,225
Jul 201203,71685.133.02$11,225
Jun 201203,49979.822.52$8,814
May 201203,69691.612.49$9,197
Apr 201203,580101.652.00$7,149
Mar 20121883,561105.052.22$27,662
Feb 201203,617101.102.57$9,297
Jan 201203,91498.092.73$10,701
Dec 201104,01096.873.24$12,991
Nov 201103,93995.723.31$13,043
Oct 201104,10084.983.65$14,959
Sep 201103,98783.623.99$15,891
Aug 20111854,15683.404.15$32,674
Jul 201104,19894.144.52$18,963
Jun 201104,07292.904.64$18,894
May 201104,34998.134.40$19,157
Apr 201104,264105.964.33$18,477
Mar 20111814,38196.364.06$35,216
Feb 201103,82985.644.18$16,005
Jan 201104,55886.504.59$20,916
Dec 201004,53585.734.35$19,717
Nov 201004,48980.843.80$17,037
Oct 201004,70378.103.51$16,502
Sep 201004,69872.633.98$18,696
Aug 20101754,79973.684.42$34,103
Jul 201004,83072.554.74$22,877
Jun 201004,90970.364.91$24,105
May 201005,17071.124.24$21,896
Apr 201005,07681.694.12$20,927
Mar 20101895,43078.394.39$38,646
Feb 201004,91873.585.44$26,766
Jan 201005,34774.365.96$31,890
Dec 20091815,53671.445.48$43,289
Nov 200905,11874.593.75$19,200
Oct 200905,33972.544.11$21,945
Sep 200903,64665.543.06$11,174
Aug 200903,26767.423.22$10,515
Jul 20091785,31461.133.46$29,291
Jun 200904,58866.163.90$17,870
May 200904,66354.743.93$18,306
Apr 200904,63446.773.59$16,624
Mar 200905,37042.144.06$21,797
Feb 200904,31332.814.63$19,982
Jan 20091886,23535.865.37$40,230
Dec 200807,56837.105.98$45,235
Nov 20081886,84455.496.86$57,384
Oct 200807,20575.246.92$49,873
Sep 20081907,730101.767.88$80,224
Aug 200808,132114.228.48$68,984
Jul 200819010,007131.0811.39$138,879
Jun 200808,451131.3313.03$110,139
May 200808,875123.1711.57$102,722
Apr 20083588,664110.3110.45$130,072
Mar 20081878,368101.909.66$99,924
Feb 200808,11392.538.77$71,156
Jan 20081919,12190.388.21$92,107
Dec 20071958,98388.337.30$82,818
Nov 20071839,46491.677.29$85,784
Oct 200719010,74882.856.92$90,139
Sep 200717211,24075.846.24$83,229
Aug 200738612,78669.066.39$108,333
Jul 200716515,23870.906.39$109,038
Jun 200718517,42262.007.55$142,979
May 200718320,03858.747.85$167,973

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                1,862 Mcf  × $  3.05 =     $5,671

────────────────────────────────────────────────────
Month total                                   $5,671

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/231122 is the state's own key, not one this site invented.