GARY CRABTREE

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 231126District 09Field 65280200CondensateGasSaveExport
Value, all time
$19.9 M
May 2007 – May 2026
Value, last 12 filed months
$276 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
CondensateDisposition98 bbl$6,745
GasProduction4,139,497 Mcf$19,939,059
Total$19,945,804

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 202606,156106.413.05$18,750
Apr 202605,75398.932.87$16,510
Mar 202606,28189.753.15$19,782
Feb 202605,32263.503.75$19,959
Jan 202604,93659.138.00$39,478
Dec 202536,15156.664.41$27,317
Nov 202566,22858.593.93$24,805
Oct 202506,62159.383.30$21,881
Sep 202546,49662.743.08$20,239
Aug 202516,96963.933.01$21,074
Jul 202567,15366.743.32$24,114
Jun 202526,97666.483.13$21,959
May 202577,26060.553.23$23,890
Apr 202536,55262.363.54$23,402
Mar 202566,53067.704.27$28,278
Feb 202554,94670.884.34$21,824
Jan 202546,72274.324.28$29,059
Dec 2024106,74068.993.12$21,728
Nov 202466,48769.052.20$14,676
Oct 202406,69571.372.28$15,274
Sep 202465,00269.612.36$12,244
Aug 202465,40375.632.06$11,604
Jul 202405,97279.932.15$12,819
Jun 202455,80778.082.63$15,686
May 202407,22378.812.20$15,879
Apr 202407,14984.451.66$11,862
Mar 202407,24980.301.55$11,201
Feb 202406,71676.091.78$11,979
Jan 202406,17973.023.30$20,376
Dec 202357,38971.262.61$19,647
Nov 202337,62177.892.81$21,630
Oct 202307,52585.443.09$23,232
Sep 202307,60289.042.74$20,792
Aug 202357,84780.522.67$21,377
Jul 202308,04574.852.64$21,253
Jun 202338,97368.962.26$20,472
May 202328,35170.622.23$18,742
Apr 202308,35078.122.24$18,685
Mar 202308,80972.852.39$21,081
Feb 202306,95175.112.47$17,139
Jan 202308,34676.533.39$28,274
Dec 202207,37276.415.73$42,235
Nov 202208,62485.005.65$48,693
Oct 202208,37087.185.86$49,080
Sep 202208,89784.888.16$72,632
Aug 202209,56594.529.13$87,301
Jul 202208,246101.587.54$62,192
Jun 202209,927115.097.98$79,190
May 2022011,314109.378.43$95,411
Apr 2022010,728104.226.84$73,354
Mar 2022011,128108.885.08$56,490
Feb 2022010,42391.054.86$50,644
Jan 2022012,16581.844.54$55,201
Dec 2021011,95471.323.90$46,610
Nov 2021012,04977.435.24$63,099
Oct 2021013,08679.795.71$74,772
Sep 2021011,63169.865.35$62,237
Aug 202107,43666.024.22$31,384
Jul 202103,62770.783.98$14,443
Jun 202107,79369.493.38$26,345
May 2021012,81263.483.02$38,662
Apr 2021012,43060.362.76$34,287
Mar 2021012,88561.302.72$35,008
Feb 2021010,22057.805.55$56,700
Jan 2021013,38950.412.81$37,627
Dec 2020013,63744.642.68$36,485
Nov 2020011,25838.772.71$30,471
Oct 2020013,52436.972.48$33,518
Sep 2020013,43637.091.99$26,752
Aug 202008,75439.982.39$20,879
Jul 202009,33238.371.83$17,032
Jun 2020010,00934.901.69$16,918
May 2020011,27216.921.81$20,456
Apr 202009,55714.751.80$17,244
Mar 2020010,41230.341.86$19,327
Feb 202008,47249.881.98$16,780
Jan 202008,93457.252.09$18,714
Dec 201908,19559.012.30$18,884
Nov 201908,69555.302.75$23,917
Oct 201909,49153.472.42$22,954
Sep 2019010,05255.052.66$26,711
Aug 2019010,58253.112.30$24,385
Jul 201909,76956.272.46$24,032
Jun 201909,85552.782.49$24,551
May 2019010,91458.482.74$29,908
Apr 2019012,20262.632.75$33,564
Mar 2019013,29456.803.06$40,708
Feb 201908,00750.852.79$22,357
Jan 201908,76846.033.23$28,305
Dec 201808,38846.594.19$35,107
Nov 201806,61352.934.24$28,021
Oct 201809,72561.443.40$33,046
Sep 2018012,30859.543.11$38,253
Aug 2018013,77259.403.07$42,233
Jul 2018013,41865.142.93$39,340
Jun 2018019,73560.183.08$60,723
May 2018018,67665.382.90$54,175
Apr 2018017,92663.842.90$52,000
Mar 2018015,07261.222.79$42,003
Feb 2018011,49561.782.77$31,797
Jan 201806,05962.874.01$24,292
Dec 2017011,00557.272.92$32,151
Nov 2017016,03355.423.12$49,997
Oct 2017017,91249.292.98$53,444
Sep 2017018,45647.523.09$56,979
Aug 2017019,75445.373.00$59,349
Jul 2017020,23243.873.09$62,462
Jun 2017019,32642.493.09$59,665
May 2017020,34545.373.26$66,394
Apr 2017014,75247.933.21$47,378
Mar 2017022,24746.772.98$66,378
Feb 2017020,64550.452.95$60,956
Jan 2017022,30749.413.42$76,263
Dec 2016024,41448.763.72$90,889
Nov 2016022,35942.492.64$59,125
Oct 2016019,17446.193.09$59,253
Sep 2016017,59341.553.10$54,549
Aug 2016015,05841.442.92$44,035
Jul 2016020,25941.622.92$59,244
Jun 2016018,96245.352.69$50,929
May 2016015,57142.521.99$31,002
Apr 2016015,50136.561.99$30,863
Mar 2016015,87933.011.79$28,487
Feb 2016014,49826.472.06$29,919
Jan 2016015,91127.352.36$37,619
Dec 2015015,31232.362.00$30,646
Nov 2015015,34838.792.17$33,264
Oct 2015015,17943.552.43$36,833
Sep 2015015,98042.992.76$44,080
Aug 2015016,16040.162.87$46,419
Jul 2015017,40948.152.95$51,271
Jun 2015016,93256.152.88$48,813
May 2015018,37155.212.96$54,295
Apr 2015018,93249.822.71$51,241
Mar 2015021,61642.892.93$63,437
Feb 2015018,84344.662.98$56,080
Jan 2015019,71743.433.10$61,135
Dec 2014019,54454.693.59$70,190
Nov 2014020,73370.464.25$88,153
Oct 2014023,86678.303.90$93,100
Sep 2014022,70286.164.05$91,840
Aug 2014016,87489.394.04$68,089
Jul 201409,18996.564.18$38,406
Jun 201409,95898.164.74$47,170
May 201405,09894.734.73$24,096
Apr 2014013,45495.944.81$64,702
Mar 2014019,37295.895.06$97,960
Feb 201405,88297.406.19$36,421
Jan 201403,59390.404.86$17,465
Dec 2013015,09391.824.35$65,722
Nov 2013015,64488.853.74$58,482
Oct 2013016,32597.423.78$61,698
Sep 2013015,738104.113.72$58,510
Aug 2013016,576104.253.52$58,391
Jul 2013017,171102.523.72$63,837
Jun 2013016,65094.403.93$65,491
May 2013017,87894.834.15$74,177
Apr 2013018,04493.964.28$77,275
Mar 2013018,49393.623.91$72,361
Feb 2013017,81191.233.42$60,912
Jan 2013021,68691.603.42$74,164
Dec 2012022,75186.773.42$77,812
Nov 2012023,38686.953.62$84,773
Oct 2012024,69589.383.40$83,955
Sep 2012026,23494.672.92$76,561
Aug 2012027,65692.662.91$80,428
Jul 2012029,02285.133.02$87,670
Jun 2012029,66479.822.52$74,725
May 2012027,80091.612.49$69,175
Apr 2012024,268101.652.00$48,458
Mar 2012014,822105.052.22$32,936
Feb 2012059101.102.57$152
Jan 2012023,69198.092.73$64,773
Dec 2011027,26796.873.24$88,338
Nov 2011026,37295.723.31$87,325
Oct 2011027,69884.983.65$101,057
Sep 2011026,28183.623.99$104,751
Aug 2011022,97683.404.15$95,335
Jul 201109,75194.144.52$44,048
Jun 2011029,04592.904.64$134,765
May 2011031,70898.134.40$139,668
Apr 2011030,395105.964.33$131,710
Mar 2011033,23396.364.06$134,838
Feb 2011030,73085.644.18$128,451
Jan 2011018,55886.504.59$85,159
Dec 2010038,47985.734.35$167,297
Nov 2010038,62780.843.80$146,602
Oct 2010041,61378.103.51$146,015
Sep 2010032,28772.633.98$128,485
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 2010010,31981.694.12$42,542
Mar 20100078.394.39$0
Feb 201002373.585.44$125
Jan 201003,82574.365.96$22,813
Dec 2009022,12371.445.48$121,317
Nov 2009014,85974.593.75$55,744
Oct 200904,48672.544.11$18,439
Sep 2009030165.543.06$922
Aug 2009013567.423.22$435
Jul 200909,50661.133.46$32,934
Jun 200905866.163.90$226
May 2009031,91054.743.93$125,271
Apr 2009030,66546.773.59$110,011
Mar 2009034,49642.144.06$140,019
Feb 2009032,65632.814.63$151,295
Jan 2009038,58935.865.37$207,262
Dec 2008037,75737.105.98$225,679
Nov 2008038,14455.496.86$261,682
Oct 2008041,91575.246.92$290,135
Sep 2008042,925101.767.88$338,124
Aug 2008045,144114.228.48$382,957
Jul 2008047,290131.0811.39$538,606
Jun 2008045,338131.3313.03$590,873
May 2008052,256123.1711.57$604,826
Apr 2008044,784110.3110.45$468,210
Mar 2008064,033101.909.66$618,819
Feb 2008066,05692.538.77$579,349
Jan 2008069,05390.388.21$566,630
Dec 2007073,98488.337.30$540,229
Nov 2007077,25791.677.29$563,335
Oct 2007087,92582.856.92$608,615
Sep 2007087,94175.846.24$549,118
Aug 2007094,83069.066.39$605,768
Jul 20070110,18570.906.39$703,855
Jun 2007074,40262.007.55$561,620
May 2007012,73158.747.85$99,891

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                6,156 Mcf  × $  3.05 =    $18,750

────────────────────────────────────────────────────
Month total                                  $18,750

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/231126 is the state's own key, not one this site invented.