HUGHES

Operated by UPP OPERATING, LLC (P-5 875310) 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 231480District 09Field 65280200GasSaveExport
Value, all time
$22.5 M
May 2007 – May 2026
Value, last 12 filed months
$170 k
at the published price for each month
Months reported
229
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
GasProduction4,063,943 Mcf$22,509,814
Total$22,509,814

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 20264,012106.413.05$12,220
Apr 20263,90998.932.87$11,218
Mar 20263,90489.753.15$12,295
Feb 20263,80663.503.75$14,274
Jan 20264,01659.138.00$32,120
Dec 20253,95456.664.41$17,450
Nov 20253,45758.593.93$13,574
Oct 20253,99359.383.30$13,196
Sep 20253,70462.743.08$11,397
Aug 20253,48463.933.01$10,503
Jul 20253,03366.743.32$10,055
Jun 20253,81466.483.13$11,933
May 20254,04160.553.23$13,062
Apr 20253,94962.363.54$13,992
Mar 20254,10867.704.27$17,534
Feb 20253,89470.884.34$16,903
Jan 20254,43074.324.28$18,955
Dec 20244,51468.993.12$14,090
Nov 20244,34369.052.20$9,548
Oct 20244,50271.372.28$10,271
Sep 20244,35469.612.36$10,294
Aug 20244,38175.632.06$9,041
Jul 20244,27879.932.15$9,183
Jun 20244,39778.082.63$11,582
May 20244,52078.812.20$9,937
Apr 20243,79684.451.66$6,298
Mar 20244,61380.301.55$7,128
Feb 20244,33876.091.78$7,737
Jan 20244,30873.023.30$14,206
Dec 20234,63771.262.61$12,106
Nov 20234,37777.892.81$12,289
Oct 20234,48385.443.09$13,840
Sep 20234,53989.042.74$12,414
Aug 20234,53680.522.67$12,124
Jul 20234,45074.852.64$11,756
Jun 20234,47668.962.26$10,109
May 20234,71070.622.23$10,491
Apr 20234,70478.122.24$10,526
Mar 20234,99272.852.39$11,947
Feb 20234,57075.112.47$11,268
Jan 20235,02276.533.39$17,013
Dec 20225,06276.415.73$29,001
Nov 20224,97885.005.65$28,107
Oct 20225,06387.185.86$29,688
Sep 20224,79684.888.16$39,153
Aug 20224,79694.529.13$43,774
Jul 20224,692101.587.54$35,387
Jun 20224,834115.097.98$38,562
May 20225,287109.378.43$44,585
Apr 20225,114104.226.84$34,967
Mar 20225,458108.885.08$27,707
Feb 20224,97591.054.86$24,173
Jan 20225,38481.844.54$24,431
Dec 20215,36371.323.90$20,911
Nov 20215,10977.435.24$26,755
Oct 20215,28579.795.71$30,198
Sep 20215,17769.865.35$27,702
Aug 20215,43566.024.22$22,939
Jul 20215,50170.783.98$21,905
Jun 20215,55769.493.38$18,786
May 20215,99163.483.02$18,079
Apr 20216,00760.362.76$16,570
Mar 20216,22561.302.72$16,913
Feb 20214,07757.805.55$22,619
Jan 20215,86750.412.81$16,488
Dec 20205,90344.642.68$15,793
Nov 20205,19338.772.71$14,055
Oct 20205,48336.972.48$13,589
Sep 20205,14037.091.99$10,234
Aug 20205,29939.982.39$12,639
Jul 20205,86338.371.83$10,701
Jun 20205,77634.901.69$9,763
May 20206,25416.921.81$11,349
Apr 20205,76714.751.80$10,406
Mar 20206,11930.341.86$11,358
Feb 20205,97949.881.98$11,842
Jan 20206,56457.252.09$13,750
Dec 20196,67559.012.30$15,382
Nov 20196,44555.302.75$17,728
Oct 20196,58053.472.42$15,914
Sep 20196,24555.052.66$16,595
Aug 20196,46753.112.30$14,902
Jul 20196,57856.272.46$16,182
Jun 20196,25952.782.49$15,592
May 20196,74958.482.74$18,494
Apr 20196,88562.632.75$18,939
Mar 20197,14556.803.06$21,879
Feb 20196,12550.852.79$17,102
Jan 20192,73746.033.23$8,836
Dec 20187,64746.594.19$32,006
Nov 20187,13152.934.24$30,216
Oct 20187,73061.443.40$26,267
Sep 20187,45159.543.11$23,158
Aug 20187,93759.403.07$24,339
Jul 20187,88965.142.93$23,130
Jun 20187,81960.183.08$24,058
May 20188,17865.382.90$23,723
Apr 20188,07463.842.90$23,421
Mar 20188,71061.222.79$24,273
Feb 20188,12661.782.77$22,477
Jan 20189,23862.874.01$37,038
Dec 20179,06857.272.92$26,492
Nov 20178,16355.423.12$25,455
Oct 20178,85449.292.98$26,418
Sep 20178,62647.523.09$26,631
Aug 20179,13145.373.00$27,433
Jul 20179,28943.873.09$28,678
Jun 20179,07442.493.09$28,014
May 20179,64445.373.26$31,472
Apr 20179,79547.933.21$31,458
Mar 201710,50546.772.98$31,344
Feb 20179,58450.452.95$28,298
Jan 201710,61949.413.42$36,304
Dec 201610,67648.763.72$39,745
Nov 201610,26542.492.64$27,144
Oct 201610,70046.193.09$33,066
Sep 201610,38941.553.10$32,212
Aug 201610,95941.442.92$32,048
Jul 201611,06241.622.92$32,349
Jun 201610,50545.352.69$28,215
May 201611,00542.521.99$21,911
Apr 201610,67936.561.99$21,262
Mar 201610,99533.011.79$19,725
Feb 201610,55926.472.06$21,790
Jan 201611,37127.352.36$26,885
Dec 201510,96432.362.00$21,943
Nov 201510,76838.792.17$23,338
Oct 201511,44543.552.43$27,772
Sep 201511,01142.992.76$30,373
Aug 201511,50040.162.87$33,034
Jul 201511,26548.152.95$33,176
Jun 201511,29956.152.88$32,573
May 201510,98155.212.96$32,454
Apr 201511,88749.822.71$32,173
Mar 201512,29342.892.93$36,076
Feb 201511,69144.662.98$34,795
Jan 201512,85943.433.10$39,871
Dec 201413,17354.693.59$47,309
Nov 201412,03970.464.25$51,188
Oct 201412,59378.303.90$49,125
Sep 201411,87486.164.05$48,036
Aug 201412,70389.394.04$51,258
Jul 201412,74696.564.18$53,273
Jun 201412,78598.164.74$60,561
May 201413,48094.734.73$63,714
Apr 201413,33395.944.81$64,120
Mar 201413,65395.895.06$69,040
Feb 201412,63397.406.19$78,224
Jan 201413,33990.404.86$64,837
Dec 201314,50991.824.35$63,179
Nov 201313,66488.853.74$51,080
Oct 201312,34597.423.78$46,656
Sep 201311,950104.113.72$44,427
Aug 201312,957104.253.52$45,642
Jul 201313,885102.523.72$51,621
Jun 201313,55294.403.93$53,306
May 201315,85694.834.15$65,788
Apr 201316,73193.964.28$71,652
Mar 201317,69193.623.91$69,223
Feb 201316,36391.233.42$55,960
Jan 201318,51591.603.42$63,320
Dec 201218,56986.773.42$63,509
Nov 201218,80586.953.62$68,167
Oct 201219,81789.383.40$67,371
Sep 201219,46994.672.92$56,818
Aug 201220,77392.662.91$60,411
Jul 201220,82485.133.02$62,905
Jun 201220,57179.822.52$51,819
May 201221,72891.612.49$54,066
Apr 201221,140101.652.00$42,212
Mar 201222,322105.052.22$49,601
Feb 201220,819101.102.57$53,510
Jan 201222,68498.092.73$62,020
Dec 201122,78096.873.24$73,801
Nov 201122,82695.723.31$75,583
Oct 201124,34684.983.65$88,827
Sep 201123,26483.623.99$92,726
Aug 201124,24383.404.15$100,592
Jul 201124,41994.144.52$110,306
Jun 201123,66392.904.64$109,793
May 201124,80798.134.40$109,270
Apr 201123,733105.964.33$102,842
Mar 201125,60696.364.06$103,892
Feb 201127,95785.644.18$116,860
Jan 201127,78886.504.59$127,513
Dec 201028,74385.734.35$124,967
Nov 201028,63180.843.80$108,664
Oct 201029,32178.103.51$102,884
Sep 201028,64872.633.98$114,004
Aug 201030,10773.684.42$133,054
Jul 201032,05072.554.74$151,805
Jun 201032,15770.364.91$157,904
May 201034,85171.124.24$147,602
Apr 2010081.694.12$0
Mar 201036,58178.394.39$160,542
Feb 201034,24973.585.44$186,395
Jan 201039,21574.365.96$233,882
Dec 200930,69971.445.48$168,346
Nov 200931,28174.593.75$117,351
Oct 200933,30472.544.11$136,888
Sep 200932,59165.543.06$99,883
Aug 200932,02167.423.22$103,060
Jul 200913661.133.46$471
Jun 200939,08766.163.90$152,244
May 200951,43854.743.93$201,933
Apr 200951,90546.773.59$186,209
Mar 200954,85842.144.06$222,669
Feb 200950,50932.814.63$234,008
Jan 200961,71935.865.37$331,493
Dec 200862,65737.105.98$374,510
Nov 200862,01255.496.86$425,425
Oct 200867,14175.246.92$464,749
Sep 200872,338101.767.88$569,813
Aug 200871,722114.228.48$608,419
Jul 200882,310131.0811.39$937,464
Jun 200887,655131.3313.03$1,142,375
May 200894,735123.1711.57$1,096,490
Apr 2008106,398110.3110.45$1,112,376
Mar 2008129,669101.909.66$1,253,130
Feb 200873,23392.538.77$642,296
Jan 200878,64490.388.21$645,331
Dec 2007104,75988.337.30$764,947
Nov 200721,82291.677.29$159,119
Oct 2007082.856.92$0
Sep 2007075.846.24$0
Aug 2007069.066.39$0
Jul 2007070.906.39$0
Jun 2007122,96662.007.55$928,203
May 2007207,43858.747.85$1,627,617

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                4,012 Mcf  × $  3.05 =    $12,220

────────────────────────────────────────────────────
Month total                                  $12,220

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/231480 is the state's own key, not one this site invented.