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 231200District 09Field 65280200GasSaveExport
Value, all time
$7.5 M
Jun 2007 – May 2026
Value, last 12 filed months
$124 k
at the published price for each month
Months reported
228
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
GasProduction1,507,794 Mcf$7,539,677
Total$7,539,677

Every month this lease reported (228)

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

228 months

May 20263,024106.413.05$9,211
Apr 20262,50998.932.87$7,200
Mar 20262,69389.753.15$8,481
Feb 20262,49063.503.75$9,338
Jan 20262,67759.138.00$21,410
Dec 20252,85156.664.41$12,582
Nov 20252,79158.593.93$10,959
Oct 20252,91359.383.30$9,627
Sep 20252,82762.743.08$8,698
Aug 20252,86163.933.01$8,625
Jul 20252,79366.743.32$9,259
Jun 20252,84366.483.13$8,895
May 20252,98760.553.23$9,655
Apr 20252,84262.363.54$10,070
Mar 20252,93467.704.27$12,523
Feb 20252,87570.884.34$12,480
Jan 20253,03974.324.28$13,003
Dec 20243,05968.993.12$9,548
Nov 20242,91569.052.20$6,408
Oct 20243,08171.372.28$7,029
Sep 20242,97869.612.36$7,041
Aug 20242,98875.632.06$6,166
Jul 20242,91979.932.15$6,266
Jun 20242,76978.082.63$7,293
May 20242,87778.812.20$6,325
Apr 20242,51784.451.66$4,176
Mar 20242,66880.301.55$4,122
Feb 20242,35576.091.78$4,200
Jan 20242,54373.023.30$8,386
Dec 20232,78671.262.61$7,273
Nov 20232,78377.892.81$7,813
Oct 20232,93585.443.09$9,061
Sep 20233,33789.042.74$9,127
Aug 20232,97380.522.67$7,946
Jul 20233,06974.852.64$8,108
Jun 20233,11668.962.26$7,037
May 20233,23770.622.23$7,210
Apr 20233,18678.122.24$7,130
Mar 20233,28172.852.39$7,852
Feb 20232,89575.112.47$7,138
Jan 20233,38076.533.39$11,450
Dec 20222,68076.415.73$15,354
Nov 20222,65085.005.65$14,962
Oct 20222,67287.185.86$15,668
Sep 20222,60384.888.16$21,250
Aug 20222,72294.529.13$24,844
Jul 20222,694101.587.54$20,318
Jun 20222,729115.097.98$21,770
May 20222,752109.378.43$23,208
Apr 20222,637104.226.84$18,031
Mar 20222,741108.885.08$13,914
Feb 20222,62491.054.86$12,750
Jan 20222,82981.844.54$12,837
Dec 20212,88371.323.90$11,241
Nov 20212,84077.435.24$14,873
Oct 20213,69879.795.71$21,130
Sep 20212,74969.865.35$14,710
Aug 20212,84466.024.22$12,003
Jul 20212,94070.783.98$11,707
Jun 20212,88369.493.38$9,746
May 20212,85763.483.02$8,621
Apr 20212,84560.362.76$7,848
Mar 20213,02661.302.72$8,221
Feb 20212,55157.805.55$14,153
Jan 20213,01850.412.81$8,481
Dec 20203,09844.642.68$8,289
Nov 20203,02338.772.71$8,182
Oct 20203,18936.972.48$7,904
Sep 20203,18037.091.99$6,332
Aug 20203,41439.982.39$8,143
Jul 20203,26638.371.83$5,961
Jun 20203,22734.901.69$5,455
May 20203,39216.921.81$6,156
Apr 20203,28714.751.80$5,931
Mar 20203,27730.341.86$6,083
Feb 20203,33949.881.98$6,613
Jan 20203,35957.252.09$7,036
Dec 20192,88559.012.30$6,648
Nov 20193,03055.302.75$8,335
Oct 20193,10653.472.42$7,512
Sep 20193,04655.052.66$8,094
Aug 20193,36553.112.30$7,754
Jul 20193,32456.272.46$8,177
Jun 20193,16152.782.49$7,875
May 20193,34158.482.74$9,155
Apr 20193,10962.632.75$8,552
Mar 20193,13056.803.06$9,584
Feb 20192,85250.852.79$7,963
Jan 20193,03446.033.23$9,794
Dec 20183,14246.594.19$13,151
Nov 20183,27652.934.24$13,881
Oct 20183,35661.443.40$11,404
Sep 20183,26159.543.11$10,135
Aug 20183,12559.403.07$9,583
Jul 20182,91965.142.93$8,558
Jun 20182,83060.183.08$8,708
May 20183,18065.382.90$9,225
Apr 20183,27763.842.90$9,506
Mar 20183,51461.222.79$9,793
Feb 20183,31261.782.77$9,161
Jan 20183,81562.874.01$15,296
Dec 20173,97157.272.92$11,601
Nov 20173,76455.423.12$11,738
Oct 20173,74849.292.98$11,183
Sep 20172,99247.523.09$9,237
Aug 20173,09545.373.00$9,299
Jul 20173,40243.873.09$10,503
Jun 20173,50542.493.09$10,821
May 20173,87045.373.26$12,629
Apr 20173,91847.933.21$12,583
Mar 20174,20946.772.98$12,558
Feb 20173,87750.452.95$11,447
Jan 20174,04649.413.42$13,832
Dec 20163,81948.763.72$14,217
Nov 20163,79042.492.64$10,022
Oct 20163,41346.193.09$10,547
Sep 20164,11341.553.10$12,753
Aug 20164,17041.442.92$12,195
Jul 20164,13341.622.92$12,086
Jun 20163,96445.352.69$10,647
May 20163,88442.521.99$7,733
Apr 20163,50836.561.99$6,985
Mar 20163,93333.011.79$7,056
Feb 20163,14626.472.06$6,492
Jan 20163,95527.352.36$9,351
Dec 20154,11432.362.00$8,234
Nov 20153,85538.792.17$8,355
Oct 20153,88443.552.43$9,425
Sep 20154,42442.992.76$12,203
Aug 20153,25940.162.87$9,361
Jul 20154,72248.152.95$13,907
Jun 20154,48256.152.88$12,921
May 20154,56355.212.96$13,486
Apr 20154,40349.822.71$11,917
Mar 20154,39742.892.93$12,904
Feb 20154,81044.662.98$14,315
Jan 20155,53943.433.10$17,174
Dec 20145,52854.693.59$19,853
Nov 20145,36370.464.25$22,803
Oct 20145,54578.303.90$21,631
Sep 20144,91386.164.05$19,875
Aug 20145,58189.394.04$22,520
Jul 20145,99296.564.18$25,044
Jun 20145,71098.164.74$27,048
May 20145,67694.734.73$26,828
Apr 20145,58895.944.81$26,873
Mar 20145,93795.895.06$30,022
Feb 20145,55297.406.19$34,378
Jan 20145,93190.404.86$28,829
Dec 20135,85691.824.35$25,500
Nov 20135,50588.853.74$20,579
Oct 20135,48297.423.78$20,718
Sep 20136,289104.113.72$23,381
Aug 20136,565104.253.52$23,126
Jul 20136,238102.523.72$23,191
Jun 20136,03694.403.93$23,742
May 20136,42594.834.15$26,658
Apr 20136,71693.964.28$28,762
Mar 20137,00393.623.91$27,402
Feb 20136,33791.233.42$21,672
Jan 20136,98791.603.42$23,895
Dec 20127,05886.773.42$24,139
Nov 20126,08186.953.62$22,043
Oct 20126,86689.383.40$23,342
Sep 20126,56394.672.92$19,153
Aug 20126,93592.662.91$20,168
Jul 20127,02585.133.02$21,221
Jun 20126,40779.822.52$16,139
May 20125,80391.612.49$14,440
Apr 20126,675101.652.00$13,329
Mar 20126,959105.052.22$15,463
Feb 20126,935101.102.57$17,825
Jan 20127,96998.092.73$21,788
Dec 20117,81396.873.24$25,312
Nov 20117,43695.723.31$24,623
Oct 20117,69584.983.65$28,076
Sep 20117,52583.623.99$29,993
Aug 20117,14183.404.15$29,630
Jul 20118,39694.144.52$37,927
Jun 20118,58192.904.64$39,815
May 20118,96898.134.40$39,502
Apr 20118,928105.964.33$38,688
Mar 20119,05596.364.06$36,739
Feb 20116,92285.644.18$28,934
Jan 20119,81386.504.59$45,030
Dec 20109,84285.734.35$42,791
Nov 20109,59480.843.80$36,412
Oct 20109,74278.103.51$34,184
Sep 20109,24672.633.98$36,794
Aug 20109,65273.684.42$42,656
Jul 20109,35572.554.74$44,310
Jun 20108,61470.364.91$42,298
May 20109,73071.124.24$41,209
Apr 20109,54781.694.12$39,359
Mar 20109,55978.394.39$41,951
Feb 201010,94873.585.44$59,583
Jan 201012,45174.365.96$74,259
Dec 200912,67771.445.48$69,518
Nov 200912,45174.593.75$46,710
Oct 200912,78072.544.11$52,529
Sep 200912,73965.543.06$39,042
Aug 200913,10367.423.22$42,172
Jul 200913,49161.133.46$46,740
Jun 200913,12866.163.90$51,134
May 200913,70754.743.93$53,810
Apr 200913,34846.773.59$47,886
Mar 200913,75542.144.06$55,832
Feb 200912,48832.814.63$57,857
Jan 200914,19535.865.37$76,241
Dec 200814,56737.105.98$87,069
Nov 200814,31755.496.86$98,220
Oct 200811,16175.246.92$77,256
Sep 200814,235101.767.88$112,130
Aug 200815,054114.228.48$127,703
Jul 200818,696131.0811.39$212,937
Jun 200813,688131.3313.03$178,391
May 200823,175123.1711.57$268,234
Apr 200823,944110.3110.45$250,331
Mar 200825,542101.909.66$246,840
Feb 200824,87492.538.77$218,159
Jan 200828,47890.388.21$233,683
Dec 200729,68688.337.30$216,766
Nov 200730,61391.677.29$223,221
Oct 200734,00182.856.92$235,354
Sep 200737,14075.846.24$231,908
Aug 200742,07369.066.39$268,760
Jul 200750,10270.906.39$320,049
Jun 200713,82162.007.55$104,327

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
Gas                3,024 Mcf  × $  3.05 =     $9,211

────────────────────────────────────────────────────
Month total                                   $9,211

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/231200 is the state's own key, not one this site invented.