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 231131District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.4 M
May 2007 – May 2026
Value, last 12 filed months
$204 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
CondensateDisposition4,896 bbl$378,660
GasProduction1,769,549 Mcf$8,035,310
Total$8,413,970

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 202604,338106.413.05$13,213
Apr 202614,07898.932.87$11,802
Mar 2026384,48389.753.15$17,529
Feb 202603,95463.503.75$14,829
Jan 202604,67959.138.00$37,422
Dec 202504,18656.664.41$18,474
Nov 202504,13358.593.93$16,228
Oct 202504,54359.383.30$15,014
Sep 2025134,47862.743.08$14,594
Aug 202504,76363.933.01$14,359
Jul 202504,90166.743.32$16,248
Jun 202504,58066.483.13$14,330
May 2025174,42460.553.23$15,329
Apr 202504,65462.363.54$16,490
Mar 202504,44967.704.27$18,990
Feb 202503,08970.884.34$13,409
Jan 202504,95074.324.28$21,179
Dec 202404,95468.993.12$15,463
Nov 202404,52369.052.20$9,944
Oct 202404,26571.372.28$9,730
Sep 202403,51569.612.36$8,311
Aug 202405,07175.632.06$10,465
Jul 202404,45479.932.15$9,561
Jun 202403,61178.082.63$9,511
May 202404,94978.812.20$10,880
Apr 2024394,56984.451.66$10,874
Mar 202404,27480.301.55$6,604
Feb 202403,56476.091.78$6,357
Jan 202405,47573.023.30$18,055
Dec 202304,93971.262.61$12,894
Nov 202304,44277.892.81$12,471
Oct 202309,15385.443.09$28,258
Sep 202308,98789.042.74$24,580
Aug 202309,22180.522.67$24,647
Jul 202308,12574.852.64$21,465
Jun 202302,98368.962.26$6,737
May 202304,86870.622.23$10,843
Apr 202304,50178.122.24$10,072
Mar 202304,89172.852.39$11,705
Feb 202302,51575.112.47$6,201
Jan 202304,97576.533.39$16,854
Dec 202202,86276.415.73$16,397
Nov 202204,21385.005.65$23,787
Oct 202205,11387.185.86$29,981
Sep 202204,55384.888.16$37,169
Aug 202205,38894.529.13$49,177
Jul 202205,567101.587.54$41,987
Jun 202205,454115.097.98$43,508
May 202204,768109.378.43$40,209
Apr 202204,560104.226.84$31,179
Mar 202207,228108.885.08$36,692
Feb 202284,51691.054.86$22,671
Jan 2022653,85581.844.54$22,812
Dec 202104,26371.323.90$16,622
Nov 202104,22677.435.24$22,131
Oct 202104,43579.795.71$25,341
Sep 202104,25369.865.35$22,757
Aug 202104,43366.024.22$18,710
Jul 202109,54370.783.98$38,001
Jun 202103,84269.493.38$12,988
May 202103,51863.483.02$10,616
Apr 202103,73560.362.76$10,303
Mar 202102,83061.302.72$7,689
Feb 202105,92957.805.55$32,894
Jan 202102,71550.412.81$7,630
Dec 202006,40544.642.68$17,136
Nov 202002,92638.772.71$7,919
Oct 202003,58436.972.48$8,883
Sep 202004,01337.091.99$7,990
Aug 202004,99439.982.39$11,911
Jul 202004,94938.371.83$9,033
Jun 2020244,57034.901.69$8,562
May 202004,80016.921.81$8,711
Apr 202004,65714.751.80$8,403
Mar 202025,00330.341.86$9,347
Feb 2020445,10549.881.98$12,306
Jan 202003,77557.252.09$7,908
Dec 201905,03459.012.30$11,600
Nov 201904,68155.302.75$12,876
Oct 201925,09753.472.42$12,434
Sep 20191294,90555.052.66$20,135
Aug 201905,23553.112.30$12,063
Jul 201905,35456.272.46$13,171
Jun 201905,22252.782.49$13,009
May 201905,33258.482.74$14,611
Apr 201905,14562.632.75$14,152
Mar 201905,25156.803.06$16,079
Feb 201905,20550.852.79$14,534
Jan 201903,84446.033.23$12,409
Dec 2018844,76646.594.19$23,861
Nov 201804,66152.934.24$19,750
Oct 201805,30661.443.40$18,030
Sep 201805,31159.543.11$16,507
Aug 201805,67059.403.07$17,387
Jul 201805,47065.142.93$16,037
Jun 201805,23560.183.08$16,108
May 201805,46665.382.90$15,856
Apr 201805,59363.842.90$16,224
Mar 20181505,86961.222.79$25,539
Feb 201804,83661.782.77$13,377
Jan 201806,29562.874.01$25,239
Dec 201708,20757.272.92$23,977
Nov 201707,95255.423.12$24,797
Oct 201707,39249.292.98$22,055
Sep 2017807,15747.523.09$25,897
Aug 201707,91345.373.00$23,774
Jul 201708,02143.873.09$24,763
Jun 201707,91742.493.09$24,442
May 201708,39645.373.26$27,400
Apr 201707,97847.933.21$25,622
Mar 201708,33346.772.98$24,863
Feb 201717,37850.452.95$21,835
Jan 2017137,65449.413.42$26,810
Dec 20161497,32548.763.72$34,535
Nov 201607,24742.492.64$19,164
Oct 201607,91646.193.09$24,463
Sep 201607,91341.553.10$24,535
Aug 201608,67641.442.92$25,372
Jul 201608,63541.622.92$25,252
Jun 201608,69445.352.69$23,351
May 201608,71742.521.99$17,356
Apr 201608,25036.561.99$16,426
Mar 2016888,81533.011.79$18,719
Feb 201608,44826.472.06$17,434
Jan 20161529,27827.352.36$26,094
Dec 201509,51832.362.00$19,049
Nov 201509,55538.792.17$20,709
Oct 201509,01043.552.43$21,863
Sep 201509,07742.992.76$25,038
Aug 201509,90940.162.87$28,464
Jul 201509,01348.152.95$26,544
Jun 201507,00556.152.88$20,194
May 201507,89855.212.96$23,342
Apr 2015467,81649.822.71$23,446
Mar 201507,66742.892.93$22,500
Feb 201507,48744.662.98$22,283
Jan 201508,23343.433.10$25,527
Dec 2014828,63254.693.59$35,485
Nov 201408,24370.464.25$35,048
Oct 201408,85878.303.90$34,555
Sep 201409,07386.164.05$36,704
Aug 2014010,12489.394.04$40,852
Jul 201407,61696.564.18$31,832
Jun 201407,46398.164.74$35,351
May 20141786,02994.734.73$45,358
Apr 201405,61895.944.81$27,018
Mar 201406,49395.895.06$32,834
Feb 201404,29797.406.19$26,607
Jan 201407,01190.404.86$34,079
Dec 201307,63191.824.35$33,229
Nov 201306,77188.853.74$25,312
Oct 201307,19297.423.78$27,181
Sep 201307,513104.113.72$27,931
Aug 201304,078104.253.52$14,365
Jul 201307,455102.523.72$27,716
Jun 20131877,83694.403.93$48,475
May 201307,82494.834.15$32,462
Apr 201306,65693.964.28$28,505
Mar 201307,25593.623.91$28,388
Feb 201307,81691.233.42$26,730
Jan 201308,45891.603.42$28,926
Dec 201201,63386.773.42$5,585
Nov 20121605,75186.953.62$34,759
Oct 201205,12189.383.40$17,410
Sep 201206,49194.672.92$18,943
Aug 201203,13092.662.91$9,103
Jul 2012080685.133.02$2,435
Jun 201209,00279.822.52$22,676
May 201203,81291.612.49$9,485
Apr 201205,709101.652.00$11,400
Mar 201208,395105.052.22$18,654
Feb 201207,393101.102.57$19,002
Jan 20121997,77698.092.73$40,780
Dec 201109,01196.873.24$29,193
Nov 201108,55895.723.31$28,338
Oct 201108,28584.983.65$30,228
Sep 201108,15483.623.99$32,500
Aug 201108,46483.404.15$35,120
Jul 201108,14494.144.52$36,788
Jun 20111848,55992.904.64$56,806
May 201108,15998.134.40$35,939
Apr 201107,984105.964.33$34,597
Mar 201108,17896.364.06$33,181
Feb 201106,77385.644.18$28,311
Jan 20111928,90686.504.59$57,476
Dec 201009,43585.734.35$41,021
Nov 201009,57780.843.80$36,348
Oct 2010010,11178.103.51$35,478
Sep 2010010,25472.633.98$40,805
Aug 20101809,94573.684.42$57,213
Jul 2010010,61272.554.74$50,264
Jun 2010010,51070.364.91$51,608
May 2010010,88271.124.24$46,088
Apr 2010010,51381.694.12$43,342
Mar 2010011,52478.394.39$50,575
Feb 201001,05673.585.44$5,747
Jan 20102028,01674.365.96$62,829
Dec 2009011,08371.445.48$60,776
Nov 200908,84374.593.75$33,175
Oct 2009011,87372.544.11$48,801
Sep 2009011,73665.543.06$35,968
Aug 2009011,46667.423.22$36,903
Jul 200919411,70561.133.46$52,411
Jun 200919214,00666.163.90$67,256
May 200907454.743.93$291
Apr 2009014,27346.773.59$51,204
Mar 200919514,92942.144.06$68,814
Feb 2009014,40232.814.63$66,724
Jan 2009016,25135.865.37$87,284
Dec 2008016,38937.105.98$97,959
Nov 2008015,51455.496.86$106,432
Oct 2008020,12575.246.92$139,305
Sep 200817720,645101.767.88$180,634
Aug 2008018,962114.228.48$160,855
Jul 200819119,560131.0811.39$247,814
Jun 2008015,082131.3313.03$196,558
May 200816716,115123.1711.57$207,089
Apr 2008015,943110.3110.45$166,682
Mar 2008018,287101.909.66$176,727
Feb 200818018,34792.538.77$177,569
Jan 200816922,45290.388.21$199,509
Dec 200717216,20588.337.30$133,521
Nov 2007012,59291.677.29$91,817
Oct 200715824,88082.856.92$185,309
Sep 200720027,37975.846.24$186,127
Aug 200719231,50569.066.39$214,512
Jul 2007036,00970.906.39$230,023
Jun 2007020,07162.007.55$151,505
May 200705,00658.747.85$39,278

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                4,338 Mcf  × $  3.05 =    $13,213

────────────────────────────────────────────────────
Month total                                  $13,213

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/231131 is the state's own key, not one this site invented.