MCMAHON

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 231125District 09Field 65280200GasSaveExport
Value, all time
$6.9 M
May 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
229
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
GasProduction1,309,815 Mcf$6,899,445
Total$6,899,445

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 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 202456473.023.30$1,860
Dec 20231,68671.262.61$4,402
Nov 202395677.892.81$2,684
Oct 20231,18685.443.09$3,662
Sep 20231,89989.042.74$5,194
Aug 20232,16880.522.67$5,795
Jul 202321874.852.64$576
Jun 202321468.962.26$483
May 20231,25970.622.23$2,804
Apr 20231,59278.122.24$3,563
Mar 20231,67772.852.39$4,013
Feb 20231,49875.112.47$3,694
Jan 20231,52776.533.39$5,173
Dec 20221,83876.415.73$10,530
Nov 20221,76185.005.65$9,943
Oct 20221,82387.185.86$10,690
Sep 20221,77784.888.16$14,507
Aug 20221,60494.529.13$14,640
Jul 20221,639101.587.54$12,361
Jun 20220115.097.98$0
May 20222,153109.378.43$18,156
Apr 20222,252104.226.84$15,398
Mar 20222,485108.885.08$12,615
Feb 20222,39791.054.86$11,647
Jan 20222,49181.844.54$11,303
Dec 2021071.323.90$0
Nov 20211,80577.435.24$9,453
Oct 20211,99779.795.71$11,411
Sep 20211,95969.865.35$10,482
Aug 20212,02566.024.22$8,547
Jul 20212,01570.783.98$8,024
Jun 20211,80869.493.38$6,112
May 20211,96363.483.02$5,924
Apr 20211,79760.362.76$4,957
Mar 20211,56361.302.72$4,247
Feb 20211,17257.805.55$6,502
Jan 20211,99150.412.81$5,595
Dec 20202,38344.642.68$6,376
Nov 20202,36938.772.71$6,412
Oct 20201,97936.972.48$4,905
Sep 20202,42637.091.99$4,830
Aug 20202,49139.982.39$5,941
Jul 20202,46238.371.83$4,493
Jun 20202,38134.901.69$4,025
May 20202,47916.921.81$4,499
Apr 20202,51814.751.80$4,543
Mar 20202,53630.341.86$4,707
Feb 20202,48149.881.98$4,914
Jan 20202,75457.252.09$5,769
Dec 20192,73859.012.30$6,309
Nov 20192,66255.302.75$7,322
Oct 20192,87853.472.42$6,961
Sep 20193,36555.052.66$8,942
Aug 20193,72353.112.30$8,579
Jul 20193,15156.272.46$7,752
Jun 20192,01952.782.49$5,030
May 20192,64458.482.74$7,245
Apr 20193,06362.632.75$8,425
Mar 20193,02556.803.06$9,263
Feb 20192,92650.852.79$8,170
Jan 20193,74146.033.23$12,077
Dec 20183,02946.594.19$12,678
Nov 20182,97952.934.24$12,623
Oct 20183,01261.443.40$10,235
Sep 20183,18959.543.11$9,911
Aug 20186,08659.403.07$18,663
Jul 20184,87065.142.93$14,278
Jun 20182,96660.183.08$9,126
May 20184,87965.382.90$14,153
Apr 20184,59163.842.90$13,318
Mar 20184,22361.222.79$11,769
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 20175,08357.272.92$14,850
Nov 20175,01655.423.12$15,642
Oct 20174,65549.292.98$13,889
Sep 20174,97547.523.09$15,359
Aug 20175,01145.373.00$15,055
Jul 20173,95443.873.09$12,207
Jun 20174,85042.493.09$14,973
May 20175,11045.373.26$16,676
Apr 20174,34947.933.21$13,967
Mar 20174,46446.772.98$13,319
Feb 20174,28750.452.95$12,658
Jan 20174,18349.413.42$14,301
Dec 20164,29348.763.72$15,982
Nov 20164,27042.492.64$11,291
Oct 20164,52146.193.09$13,971
Sep 20164,12241.553.10$12,781
Aug 20164,29441.442.92$12,557
Jul 20164,91041.622.92$14,359
Jun 20164,80745.352.69$12,911
May 20164,42442.521.99$8,808
Apr 20164,71336.561.99$9,384
Mar 20164,85233.011.79$8,705
Feb 20164,60926.472.06$9,511
Jan 20164,83927.352.36$11,441
Dec 20154,90632.362.00$9,819
Nov 20154,45738.792.17$9,660
Oct 20154,83943.552.43$11,742
Sep 20154,48242.992.76$12,363
Aug 20154,80440.162.87$13,799
Jul 20154,32748.152.95$12,743
Jun 20154,39556.152.88$12,670
May 20154,36255.212.96$12,892
Apr 20154,61749.822.71$12,496
Mar 20154,95142.892.93$14,530
Feb 20153,81944.662.98$11,366
Jan 20152,84243.433.10$8,812
Dec 20142,79254.693.59$10,027
Nov 20142,20970.464.25$9,392
Oct 20142,03878.303.90$7,950
Sep 20142,42086.164.05$9,790
Aug 20141,92289.394.04$7,756
Jul 20143,44896.564.18$14,411
Jun 20143,93398.164.74$18,630
May 20144,31994.734.73$20,414
Apr 20142,58195.944.81$12,412
Mar 20143,79395.895.06$19,180
Feb 20143,68997.406.19$22,842
Jan 20143,77590.404.86$18,349
Dec 20134,27691.824.35$18,620
Nov 20133,98488.853.74$14,893
Oct 20133,23797.423.78$12,234
Sep 20134,594104.113.72$17,079
Aug 20134,788104.253.52$16,866
Jul 20133,923102.523.72$14,585
Jun 20135,04794.403.93$19,852
May 20135,43394.834.15$22,542
Apr 20134,96793.964.28$21,272
Mar 20134,90093.623.91$19,173
Feb 20134,00391.233.42$13,690
Jan 20134,55891.603.42$15,588
Dec 20125,23386.773.42$17,898
Nov 20125,09486.953.62$18,466
Oct 20125,42689.383.40$18,447
Sep 20125,02694.672.92$14,668
Aug 20124,66392.662.91$13,561
Jul 20125,01285.133.02$15,140
Jun 20123,67979.822.52$9,268
May 20125,10091.612.49$12,690
Apr 20125,031101.652.00$10,046
Mar 20125,613105.052.22$12,473
Feb 20125,423101.102.57$13,938
Jan 20126,16998.092.73$16,867
Dec 20116,21496.873.24$20,132
Nov 20115,97395.723.31$19,778
Oct 20116,21484.983.65$22,672
Sep 20116,46583.623.99$25,768
Aug 20116,87783.404.15$28,535
Jul 20115,50794.144.52$24,876
Jun 20116,74292.904.64$31,282
May 20114,06398.134.40$17,897
Apr 20116,127105.964.33$26,550
Mar 20115,37296.364.06$21,796
Feb 20116,11285.644.18$25,548
Jan 2011086.504.59$0
Dec 2010085.734.35$0
Nov 201091980.843.80$3,488
Oct 201012,88678.103.51$45,216
Sep 201012,29972.633.98$48,944
Aug 201013,53173.684.42$59,798
Jul 201013,76172.554.74$65,179
Jun 20108,28470.364.91$40,678
May 201014,26171.124.24$60,398
Apr 201017,71181.694.12$73,017
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 2010074.365.96$0
Dec 20098,44271.445.48$46,294
Nov 200912,62674.593.75$47,366
Oct 200913,51572.544.11$55,550
Sep 200913,59065.543.06$41,650
Aug 200913,87667.423.22$44,660
Jul 200914,38561.133.46$49,837
Jun 200914,16066.163.90$55,153
May 200914,98254.743.93$58,816
Apr 200915,68046.773.59$56,252
Mar 200914,52842.144.06$58,969
Feb 200913,79332.814.63$63,903
Jan 200916,13535.865.37$86,661
Dec 200815,29137.105.98$91,396
Nov 200813,35655.496.86$91,627
Oct 200815,92975.246.92$110,260
Sep 200816,210101.767.88$127,688
Aug 200816,263114.228.48$137,959
Jul 200816,813131.0811.39$191,490
Jun 200817,145131.3313.03$223,444
May 200820,096123.1711.57$232,597
Apr 200820,418110.3110.45$213,467
Mar 200820,473101.909.66$197,853
Feb 200822,40092.538.77$196,461
Jan 200826,07190.388.21$213,932
Dec 200727,98488.337.30$204,338
Nov 200728,22291.677.29$205,786
Oct 200731,58482.856.92$218,624
Sep 200733,48775.846.24$209,098
Aug 200740,58369.066.39$259,242
Jul 200745,94870.906.39$293,513
Jun 200739,50762.007.55$298,217
May 200737,73858.747.85$296,103

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.

Jan 2024 — as filed, then multipliedworked
Gas                  564 Mcf  × $  3.30 =     $1,860

────────────────────────────────────────────────────
Month total                                   $1,860

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/231125 is the state's own key, not one this site invented.