DUNCAN UNIT

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 231357District 09Field 65280200CondensateGasSaveExport
Value, all time
$19.3 M
May 2007 – May 2026
Value, last 12 filed months
$265 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
CondensateDisposition2 bbl$129
GasProduction3,842,430 Mcf$19,270,775
Total$19,270,903

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 202605,248106.413.05$15,985
Apr 202604,92598.932.87$14,133
Mar 202605,40089.753.15$17,007
Feb 202604,97763.503.75$18,665
Jan 202605,95959.138.00$47,660
Dec 202506,14156.664.41$27,102
Nov 202506,00258.593.93$23,566
Oct 202506,14059.383.30$20,292
Sep 202506,12662.743.08$18,849
Aug 202506,37563.933.01$19,219
Jul 202506,58666.743.32$21,834
Jun 202506,57566.483.13$20,571
May 202506,92560.553.23$22,384
Apr 202506,74762.363.54$23,905
Mar 202506,82967.704.27$29,148
Feb 202506,44470.884.34$27,972
Jan 202505,74174.324.28$24,564
Dec 202403,58568.993.12$11,190
Nov 202404,92069.052.20$10,816
Oct 202408,29871.372.28$18,931
Sep 2024089269.612.36$2,109
Aug 202405,57375.632.06$11,501
Jul 202406,86679.932.15$14,738
Jun 202407,20878.082.63$18,986
May 202407,72278.812.20$16,976
Apr 202406,71484.451.66$11,140
Mar 202405,62780.301.55$8,694
Feb 202404,96776.091.78$8,859
Jan 202405,99373.023.30$19,763
Dec 202305,70371.262.61$14,889
Nov 202304,66577.892.81$13,097
Oct 202301,94285.443.09$5,996
Sep 202305,29889.042.74$14,490
Aug 202304,60980.522.67$12,319
Jul 202303,53674.852.64$9,341
Jun 202302,53768.962.26$5,730
May 202304,82470.622.23$10,745
Apr 202305,82478.122.24$13,033
Mar 202305,89772.852.39$14,112
Feb 202304,45775.112.47$10,990
Jan 202306,35576.533.39$21,529
Dec 202207,09576.415.73$40,648
Nov 202206,87585.005.65$38,818
Oct 202207,11087.185.86$41,691
Sep 202206,93284.888.16$56,591
Aug 202207,62594.529.13$69,595
Jul 202207,647101.587.54$57,674
Jun 202206,915115.097.98$55,162
May 202207,546109.378.43$63,636
Apr 202207,422104.226.84$50,749
Mar 202207,714108.885.08$39,159
Feb 202207,07891.054.86$34,391
Jan 202207,72481.844.54$35,049
Dec 202107,58771.323.90$29,583
Nov 202107,60477.435.24$39,821
Oct 202107,61879.795.71$43,528
Sep 202107,93269.865.35$42,444
Aug 202108,21766.024.22$34,681
Jul 202118,31370.783.98$33,174
Jun 202108,01969.493.38$27,109
May 202108,25763.483.02$24,917
Apr 202108,51360.362.76$23,482
Mar 202108,80261.302.72$23,915
Feb 202117,78157.805.55$43,226
Jan 202108,56350.412.81$24,064
Dec 202008,59144.642.68$22,985
Nov 202008,44338.772.71$22,852
Oct 202008,78336.972.48$21,768
Sep 202008,49237.091.99$16,908
Aug 202008,88139.982.39$21,182
Jul 202008,95138.371.83$16,337
Jun 202009,08234.901.69$15,351
May 202008,81416.921.81$15,995
Apr 202008,28314.751.80$14,946
Mar 202008,92930.341.86$16,574
Feb 202008,29349.881.98$16,426
Jan 202008,98157.252.09$18,813
Dec 201909,64959.012.30$22,235
Nov 201909,53155.302.75$26,217
Oct 201909,79353.472.42$23,685
Sep 201908,97555.052.66$23,849
Aug 201909,55353.112.30$22,014
Jul 201909,55656.272.46$23,508
Jun 201909,03252.782.49$22,501
May 201909,66258.482.74$26,477
Apr 201909,56862.632.75$26,319
Mar 201909,96956.803.06$30,526
Feb 201909,28450.852.79$25,923
Jan 201909,80746.033.23$31,659
Dec 2018010,61746.594.19$44,437
Nov 2018010,15752.934.24$43,038
Oct 2018010,23661.443.40$34,783
Sep 2018010,02559.543.11$31,158
Aug 2018010,34259.403.07$31,714
Jul 2018010,57865.142.93$31,013
Jun 2018010,31960.183.08$31,751
May 2018010,79665.382.90$31,317
Apr 2018010,78163.842.90$31,274
Mar 2018012,53161.222.79$34,922
Feb 2018010,36661.782.77$28,674
Jan 2018011,74762.874.01$47,097
Dec 2017012,33557.272.92$36,037
Nov 2017011,22555.423.12$35,004
Oct 2017012,67549.292.98$37,818
Sep 2017012,88047.523.09$39,764
Aug 2017013,26545.373.00$39,853
Jul 2017012,79043.873.09$39,486
Jun 2017013,10442.493.09$40,456
May 2017013,70245.373.26$44,715
Apr 2017013,96847.933.21$44,860
Mar 2017013,86146.772.98$41,357
Feb 2017013,17650.452.95$38,903
Jan 2017013,19349.413.42$45,104
Dec 2016011,36248.763.72$42,299
Nov 2016013,20742.492.64$34,924
Oct 2016013,93946.193.09$43,075
Sep 2016012,40041.553.10$38,448
Aug 2016013,79241.442.92$40,333
Jul 2016011,87841.622.92$34,735
Jun 2016011,44245.352.69$30,731
May 2016011,47242.521.99$22,841
Apr 2016012,04436.561.99$23,980
Mar 2016010,11033.011.79$18,137
Feb 2016011,60526.472.06$23,948
Jan 2016014,21627.352.36$33,612
Dec 2015017,00032.362.00$34,024
Nov 2015016,82038.792.17$36,454
Oct 2015017,58343.552.43$42,667
Sep 2015017,38142.992.76$47,944
Aug 2015016,39140.162.87$47,083
Jul 2015017,73948.152.95$52,243
Jun 2015017,08556.152.88$49,254
May 201508,40155.212.96$24,829
Apr 2015016,27949.822.71$44,060
Mar 2015010,12042.892.93$29,699
Feb 201509,62444.662.98$28,643
Jan 201505,90143.433.10$18,297
Dec 2014015,07954.693.59$54,154
Nov 2014015,61770.464.25$66,401
Oct 2014017,99278.303.90$70,186
Sep 2014013,65186.164.05$55,224
Aug 2014016,11189.394.04$65,010
Jul 2014013,86396.564.18$57,942
Jun 2014016,29298.164.74$77,173
May 2014014,19894.734.73$67,108
Apr 2014013,62995.944.81$65,544
Mar 2014012,76195.895.06$64,530
Feb 201407,62597.406.19$47,214
Jan 201408,74490.404.86$42,502
Dec 201308,56091.824.35$37,274
Nov 2013014,37588.853.74$53,738
Oct 2013012,21597.423.78$46,165
Sep 2013011,479104.113.72$42,676
Aug 2013016,905104.253.52$59,550
Jul 2013016,956102.523.72$63,038
Jun 2013016,56194.403.93$65,141
May 2013017,15694.834.15$71,182
Apr 2013016,10893.964.28$68,984
Mar 2013019,03693.623.91$74,485
Feb 2013017,29991.233.42$59,161
Jan 2013021,20391.603.42$72,512
Dec 2012020,10786.773.42$68,769
Nov 2012021,71086.953.62$78,698
Oct 2012022,80589.383.40$77,530
Sep 2012022,41994.672.92$65,428
Aug 2012023,07692.662.91$67,109
Jul 2012022,06385.133.02$66,648
Jun 2012021,25879.822.52$53,550
May 2012022,93791.612.49$57,075
Apr 201202,030101.652.00$4,054
Mar 20120832105.052.22$1,849
Feb 201202,586101.102.57$6,647
Jan 2012013,66398.092.73$37,356
Dec 2011014,29696.873.24$46,315
Nov 2011019,99995.723.31$66,222
Oct 2011022,03784.983.65$80,403
Sep 2011016,26383.623.99$64,821
Aug 2011017,61783.404.15$73,099
Jul 2011012,08394.144.52$54,582
Jun 201108,21292.904.64$38,103
May 2011016,90698.134.40$74,468
Apr 2011017,290105.964.33$74,922
Mar 2011017,25396.364.06$70,001
Feb 2011017,13585.644.18$71,624
Jan 2011020,05986.504.59$92,046
Dec 2010017,78085.734.35$77,303
Nov 2010014,30780.843.80$54,300
Oct 2010017,77878.103.51$62,381
Sep 2010017,53472.633.98$69,776
Aug 201007,56873.684.42$33,446
Jul 2010020,08972.554.74$95,151
Jun 2010017,69770.364.91$86,899
May 2010016,30071.124.24$69,034
Apr 2010020,62381.694.12$85,022
Mar 2010023,06578.394.39$101,225
Feb 2010024,65573.585.44$134,181
Jan 2010028,76674.365.96$171,563
Dec 2009030,27771.445.48$166,032
Nov 2009030,61674.593.75$114,856
Oct 2009031,49572.544.11$129,452
Sep 2009030,69765.543.06$94,079
Aug 2009033,57267.423.22$108,051
Jul 2009033,70261.133.46$116,761
Jun 2009034,53466.163.90$134,510
May 2009035,95854.743.93$141,162
Apr 2009036,95546.773.59$132,576
Mar 2009039,36042.144.06$159,762
Feb 2009035,03632.814.63$162,322
Jan 2009039,71735.865.37$213,320
Dec 2008040,78237.105.98$243,760
Nov 2008042,04055.496.86$288,410
Oct 2008040,35575.246.92$279,337
Sep 200804,097101.767.88$32,272
Aug 2008040,567114.228.48$344,131
Jul 2008048,533131.0811.39$552,763
Jun 2008047,387131.3313.03$617,577
May 2008049,773123.1711.57$576,087
Apr 2008048,796110.3110.45$510,155
Mar 2008052,780101.909.66$510,070
Feb 2008052,43392.538.77$459,868
Jan 2008055,94390.388.21$459,053
Dec 2007065,16888.337.30$475,855
Nov 2007068,76591.677.29$501,414
Oct 2007076,98482.856.92$532,882
Sep 2007080,15175.846.24$500,476
Aug 2007084,59869.066.39$540,407
Jul 20070102,05370.906.39$651,908
Jun 20070114,55562.007.55$864,713
May 20070107,13558.747.85$840,611

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                5,248 Mcf  × $  3.05 =    $15,985

────────────────────────────────────────────────────
Month total                                  $15,985

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/231357 is the state's own key, not one this site invented.