BEDINGER-NORTH

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 231198District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.4 M
May 2007 – May 2026
Value, last 12 filed months
$186 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
CondensateDisposition1,475 bbl$104,477
GasProduction1,928,486 Mcf$9,280,587
Total$9,385,064

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 202600106.413.05$0
Apr 202602,90498.932.87$8,334
Mar 202603,43289.753.15$10,809
Feb 202603,21063.503.75$12,039
Jan 202604,87759.138.00$39,006
Dec 202504,25056.664.41$18,757
Nov 202504,15158.593.93$16,299
Oct 202505,04559.383.30$16,673
Sep 202504,98062.743.08$15,323
Aug 202505,26963.933.01$15,885
Jul 202505,43666.743.32$18,021
Jun 202504,61566.483.13$14,439
May 202504,53860.553.23$14,668
Apr 202504,74362.363.54$16,805
Mar 202504,63067.704.27$19,762
Feb 202504,06370.884.34$17,637
Jan 202504,56174.324.28$19,515
Dec 202404,38868.993.12$13,697
Nov 202404,36169.052.20$9,587
Oct 202404,66071.372.28$10,631
Sep 202404,25669.612.36$10,063
Aug 202404,31175.632.06$8,896
Jul 202404,37779.932.15$9,396
Jun 202404,23178.082.63$11,144
May 202404,31978.812.20$9,495
Apr 202404,09684.451.66$6,796
Mar 2024864,11580.301.55$13,264
Feb 202403,76576.091.78$6,715
Jan 202404,17173.023.30$13,755
Dec 202304,27271.262.61$11,153
Nov 202304,14377.892.81$11,632
Oct 202304,40285.443.09$13,590
Sep 202304,67389.042.74$12,781
Aug 202304,36180.522.67$11,656
Jul 202304,87274.852.64$12,871
Jun 202304,34968.962.26$9,822
May 202304,58170.622.23$10,204
Apr 202305,77578.122.24$12,923
Mar 202306,92272.852.39$16,565
Feb 202305,83175.112.47$14,377
Jan 202306,28676.533.39$21,295
Dec 202206,61776.415.73$37,909
Nov 202206,10985.005.65$34,493
Oct 202205,22987.185.86$30,662
Sep 202205,53684.888.16$45,194
Aug 202205,53694.529.13$50,528
Jul 202204,212101.587.54$31,767
Jun 202204,104115.097.98$32,738
May 202202,466109.378.43$20,796
Apr 202202,466104.226.84$16,862
Mar 202202,948108.885.08$14,965
Feb 202202,96191.054.86$14,387
Jan 202203,93281.844.54$17,842
Dec 202103,63371.323.90$14,166
Nov 202103,43377.435.24$17,978
Oct 202103,57479.795.71$20,421
Sep 202103,16669.865.35$16,941
Aug 2021049866.024.22$2,102
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 2021029257.805.55$1,620
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20201091,27834.901.69$5,964
May 202001,87216.921.81$3,397
Apr 202003,95814.751.80$7,142
Mar 202009,20730.341.86$17,090
Feb 202004,08649.881.98$8,093
Jan 202004,61857.252.09$9,674
Dec 201905,08759.012.30$11,722
Nov 201904,38155.302.75$12,051
Oct 201904,34253.472.42$10,501
Sep 2019544,16555.052.66$14,040
Aug 201904,53053.112.30$10,439
Jul 201904,49756.272.46$11,063
Jun 201904,77852.782.49$11,903
May 201904,42158.482.74$12,115
Apr 201904,32762.632.75$11,902
Mar 201904,61156.803.06$14,119
Feb 201904,39250.852.79$12,263
Jan 2019934,89446.033.23$20,080
Dec 201804,91846.594.19$20,584
Nov 201804,61852.934.24$19,568
Oct 201804,84361.443.40$16,457
Sep 201804,65559.543.11$14,468
Aug 201804,72959.403.07$14,502
Jul 201804,71865.142.93$13,833
Jun 201804,74060.183.08$14,585
May 201806,68365.382.90$19,386
Apr 201807,32663.842.90$21,251
Mar 201806,78161.222.79$18,898
Feb 201805,78761.782.77$16,008
Jan 201807,11462.874.01$28,522
Dec 201706,63257.272.92$19,376
Nov 201706,28455.423.12$19,596
Oct 201706,65649.292.98$19,859
Sep 201706,46547.523.09$19,959
Aug 201706,71145.373.00$20,163
Jul 201705,88743.873.09$18,175
Jun 201702,85542.493.09$8,814
May 201704,11645.373.26$13,432
Apr 201706,43047.933.21$20,651
Mar 201707,51646.772.98$22,425
Feb 201704,30850.452.95$12,720
Jan 201707,22949.413.42$24,715
Dec 201608,15048.763.72$30,341
Nov 201607,58142.492.64$20,047
Oct 201607,71046.193.09$23,826
Sep 201608,12441.553.10$25,190
Aug 201609,13941.442.92$26,726
Jul 201607,38041.622.92$21,582
Jun 201606,80445.352.69$18,274
May 201607,31642.521.99$14,566
Apr 201607,08036.561.99$14,097
Mar 201607,30433.011.79$13,103
Feb 201606,97326.472.06$14,390
Jan 2016807,37727.352.36$19,630
Dec 201507,51132.362.00$15,033
Nov 2015387,35238.792.17$17,408
Oct 201507,85243.552.43$19,054
Sep 201507,66142.992.76$21,132
Aug 201508,18340.162.87$23,506
Jul 201508,18248.152.95$24,097
Jun 201508,09256.152.88$23,328
May 201508,29855.212.96$24,524
Apr 2015642,98449.822.71$11,265
Mar 201507,16642.892.93$21,030
Feb 201509,23244.662.98$27,476
Jan 2015011,07543.433.10$34,339
Dec 201408,80854.693.59$31,633
Nov 20141328,38070.464.25$44,931
Oct 201408,72078.303.90$34,016
Sep 201408,25186.164.05$33,379
Aug 201408,89889.394.04$35,905
Jul 201409,81796.564.18$41,031
Jun 201408,86998.164.74$42,011
May 201409,09994.734.73$43,007
Apr 201408,75995.944.81$42,123
Mar 2014708,56295.895.06$50,009
Feb 201408,42297.406.19$52,149
Jan 201409,09790.404.86$44,218
Dec 201309,36491.824.35$40,775
Nov 201309,08488.853.74$33,959
Oct 2013010,02897.423.78$37,899
Sep 201309,766104.113.72$36,307
Aug 2013010,194104.253.52$35,909
Jul 20139511,347102.523.72$51,925
Jun 201309,99094.403.93$39,295
May 201309,54294.834.15$39,591
Apr 201309,56093.964.28$40,942
Mar 201309,44293.623.91$36,945
Feb 20131028,48091.233.42$38,306
Jan 2013010,48291.603.42$35,848
Dec 201209,99886.773.42$34,195
Nov 201208,59786.953.62$31,164
Oct 201208,46089.383.40$28,761
Sep 201208,35194.672.92$24,372
Aug 201208,63592.662.91$25,112
Jul 201208,70085.133.02$26,281
Jun 201207,30379.822.52$18,397
May 201207,51891.612.49$18,707
Apr 2012011,198101.652.00$22,360
Mar 201207,855105.052.22$17,454
Feb 201207,256101.102.57$18,650
Jan 201204,80098.092.73$13,124
Dec 2011011,25596.873.24$36,463
Nov 2011011,10895.723.31$36,782
Oct 2011010,85884.983.65$39,616
Sep 2011010,66183.623.99$42,493
Aug 2011011,29083.404.15$46,846
Jul 2011011,20994.144.52$50,634
Jun 201108,80292.904.64$40,840
May 201108,40298.134.40$37,009
Apr 201108,970105.964.33$38,870
Mar 201107,24196.364.06$29,379
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 201002,01885.734.35$8,774
Nov 2010011,98180.843.80$45,472
Oct 2010012,33478.103.51$43,279
Sep 2010012,80572.633.98$50,957
Aug 2010012,71473.684.42$56,188
Jul 2010013,05572.554.74$61,835
Jun 20104312,87570.364.91$66,247
May 2010013,41571.124.24$56,815
Apr 2010013,53181.694.12$55,784
Mar 2010013,68078.394.39$60,037
Feb 20107411,71273.585.44$69,186
Jan 2010010,73774.365.96$64,036
Dec 2009011,57171.445.48$63,452
Nov 2009013,11574.593.75$49,201
Oct 2009017,07672.544.11$70,187
Sep 2009015,55265.543.06$47,663
Aug 2009016,49467.423.22$53,086
Jul 2009016,73861.133.46$57,989
Jun 200916516,17166.163.90$73,902
May 2009017,37954.743.93$68,226
Apr 2009017,38646.773.59$62,372
Mar 2009018,35342.144.06$74,495
Feb 2009017,61332.814.63$81,601
Jan 2009019,47435.865.37$104,595
Dec 2008019,50637.105.98$116,590
Nov 2008019,08255.496.86$130,909
Oct 20088319,69975.246.92$142,601
Sep 2008014,614101.767.88$115,116
Aug 2008020,114114.228.48$170,627
Jul 2008020,383131.0811.39$232,151
Jun 2008021,051131.3313.03$274,350
May 2008020,518123.1711.57$237,481
Apr 200810419,805110.3110.45$218,531
Mar 2008025,207101.909.66$243,602
Feb 2008023,78692.538.77$208,617
Jan 20088327,43490.388.21$232,618
Dec 2007026,35988.337.30$192,473
Nov 2007028,13891.677.29$205,174
Oct 2007032,61582.856.92$225,760
Sep 2007033,02475.846.24$206,207
Aug 2007036,85069.066.39$235,396
Jul 2007041,77870.906.39$266,875
Jun 2007050,05862.007.55$377,860
May 2007018,35458.747.85$144,011

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                2,904 Mcf  × $  2.87 =     $8,334

────────────────────────────────────────────────────
Month total                                   $8,334

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/231198 is the state's own key, not one this site invented.