RICE UNIVERSITY

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 231659District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.1 M
Jun 2007 – May 2026
Value, last 12 filed months
$77 k
at the published price for each month
Months reported
228
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 bbl$47
GasProduction1,030,309 Mcf$5,144,646
Total$5,144,693

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 202601,659106.413.05$5,053
Apr 202601,67598.932.87$4,807
Mar 202601,69889.753.15$5,348
Feb 202601,63663.503.75$6,136
Jan 202601,66059.138.00$13,277
Dec 202501,85156.664.41$8,169
Nov 202501,77558.593.93$6,969
Oct 202501,73259.383.30$5,724
Sep 202501,69562.743.08$5,215
Aug 202501,74963.933.01$5,273
Jul 202501,79066.743.32$5,934
Jun 202501,76766.483.13$5,528
May 202501,79060.553.23$5,786
Apr 202501,71562.363.54$6,076
Mar 202501,78067.704.27$7,598
Feb 202501,60070.884.34$6,945
Jan 202501,80674.324.28$7,727
Dec 202401,79368.993.12$5,597
Nov 202401,77369.052.20$3,898
Oct 202401,85871.372.28$4,239
Sep 202401,68969.612.36$3,993
Aug 20240075.632.06$0
Jul 202401,83879.932.15$3,945
Jun 202401,77878.082.63$4,683
May 202401,92078.812.20$4,221
Apr 202401,91284.451.66$3,172
Mar 202401,99680.301.55$3,084
Feb 202401,88376.091.78$3,359
Jan 202401,80373.023.30$5,946
Dec 202301,80271.262.61$4,705
Nov 202301,77377.892.81$4,978
Oct 202301,73185.443.09$5,344
Sep 202301,69589.042.74$4,636
Aug 202301,39180.522.67$3,718
Jul 202301,61274.852.64$4,259
Jun 202301,64668.962.26$3,717
May 202301,75770.622.23$3,914
Apr 202301,64178.122.24$3,672
Mar 202301,71872.852.39$4,111
Feb 202301,59075.112.47$3,920
Jan 202301,78976.533.39$6,061
Dec 202201,80476.415.73$10,335
Nov 202201,81385.005.65$10,237
Oct 202201,88787.185.86$11,065
Sep 202201,84184.888.16$15,029
Aug 202201,91394.529.13$17,460
Jul 202201,816101.587.54$13,696
Jun 202202,029115.097.98$16,186
May 202202,133109.378.43$17,988
Apr 202202,062104.226.84$14,099
Mar 202202,147108.885.08$10,899
Feb 202201,95091.054.86$9,475
Jan 202202,16581.844.54$9,824
Dec 202102,14371.323.90$8,356
Nov 202102,10877.435.24$11,039
Oct 202102,14679.795.71$12,262
Sep 202102,07569.865.35$11,103
Aug 202102,17066.024.22$9,159
Jul 202102,24670.783.98$8,944
Jun 202102,05369.493.38$6,940
May 202102,04363.483.02$6,165
Apr 202102,08460.362.76$5,749
Mar 202102,28161.302.72$6,197
Feb 202101,67357.805.55$9,282
Jan 202102,27550.412.81$6,393
Dec 202002,27144.642.68$6,076
Nov 202002,22038.772.71$6,009
Oct 202002,11836.972.48$5,249
Sep 202002,28337.091.99$4,546
Aug 202002,38939.982.39$5,698
Jul 202002,68438.371.83$4,899
Jun 202002,14934.901.69$3,632
May 202002,15116.921.81$3,904
Apr 202002,14214.751.80$3,865
Mar 202002,27030.341.86$4,214
Feb 202002,21149.881.98$4,379
Jan 202002,40357.252.09$5,034
Dec 201902,37059.012.30$5,461
Nov 201902,36655.302.75$6,508
Oct 201902,28853.472.42$5,534
Sep 201902,27155.052.66$6,035
Aug 201902,37853.112.30$5,480
Jul 201902,36156.272.46$5,808
Jun 201902,30952.782.49$5,752
May 201902,43658.482.74$6,675
Apr 201902,36862.632.75$6,514
Mar 201902,52556.803.06$7,732
Feb 201902,34550.852.79$6,548
Jan 201902,65046.033.23$8,555
Dec 201812,58346.594.19$10,858
Nov 201802,75552.934.24$11,674
Oct 201802,86761.443.40$9,742
Sep 201802,60559.543.11$8,096
Aug 201802,56859.403.07$7,875
Jul 201802,62765.142.93$7,702
Jun 201802,57160.183.08$7,911
May 201802,66365.382.90$7,725
Apr 201802,63363.842.90$7,638
Mar 201802,77061.222.79$7,720
Feb 201802,64561.782.77$7,316
Jan 201802,37962.874.01$9,538
Dec 201702,88557.272.92$8,429
Nov 201702,73455.423.12$8,526
Oct 201702,94049.292.98$8,772
Sep 201702,54847.523.09$7,866
Aug 201702,88245.373.00$8,659
Jul 201702,96643.873.09$9,157
Jun 201702,72742.493.09$8,419
May 201702,70645.373.26$8,831
Apr 201702,69547.933.21$8,655
Mar 201702,79346.772.98$8,333
Feb 201702,53650.452.95$7,488
Jan 201702,69649.413.42$9,217
Dec 201602,97148.763.72$11,061
Nov 201603,07442.492.64$8,129
Oct 201603,20146.193.09$9,892
Sep 201603,06141.553.10$9,491
Aug 201603,35841.442.92$9,820
Jul 201603,23441.622.92$9,457
Jun 201603,07545.352.69$8,259
May 201603,51842.521.99$7,004
Apr 201603,45136.561.99$6,871
Mar 201603,61933.011.79$6,493
Feb 201603,50126.472.06$7,225
Jan 201603,83327.352.36$9,063
Dec 201503,84432.362.00$7,693
Nov 201503,06438.792.17$6,641
Oct 201503,07643.552.43$7,464
Sep 201503,04242.992.76$8,391
Aug 201503,08940.162.87$8,873
Jul 201503,31648.152.95$9,766
Jun 201503,15956.152.88$9,107
May 201503,30655.212.96$9,771
Apr 201503,43649.822.71$9,300
Mar 201503,07242.892.93$9,015
Feb 201502,81344.662.98$8,372
Jan 201503,17943.433.10$9,857
Dec 201403,18254.693.59$11,428
Nov 201403,06570.464.25$13,032
Oct 201403,11578.303.90$12,151
Sep 201403,08386.164.05$12,472
Aug 201403,56489.394.04$14,381
Jul 201403,51996.564.18$14,708
Jun 201403,65798.164.74$17,323
May 201403,89394.734.73$18,401
Apr 201403,81695.944.81$18,352
Mar 201403,97795.895.06$20,111
Feb 201403,80397.406.19$23,548
Jan 201403,94190.404.86$19,156
Dec 201303,68491.824.35$16,042
Nov 201303,63388.853.74$13,581
Oct 201303,82797.423.78$14,464
Sep 201303,676104.113.72$13,666
Aug 201303,998104.253.52$14,083
Jul 201303,933102.523.72$14,622
Jun 201303,63494.403.93$14,294
May 201304,06394.834.15$16,858
Apr 201304,05893.964.28$17,379
Mar 201304,23693.623.91$16,575
Feb 201304,27391.233.42$14,613
Jan 201303,34691.603.42$11,443
Dec 201204,34686.773.42$14,864
Nov 201204,14986.953.62$15,040
Oct 201207,05789.383.40$23,992
Sep 201204,68494.672.92$13,670
Aug 201204,10792.662.91$11,944
Jul 201204,17885.133.02$12,621
Jun 201203,95679.822.52$9,965
May 201204,46191.612.49$11,100
Apr 201204,115101.652.00$8,217
Mar 201204,497105.052.22$9,993
Feb 201204,483101.102.57$11,522
Jan 201204,82098.092.73$13,178
Dec 201104,91796.873.24$15,930
Nov 201104,82795.723.31$15,984
Oct 201105,07284.983.65$18,505
Sep 201104,97783.623.99$19,837
Aug 201105,33883.404.15$22,149
Jul 201105,26894.144.52$23,797
Jun 201105,21992.904.64$24,216
May 201105,29998.134.40$23,341
Apr 201105,329105.964.33$23,092
Mar 201105,60096.364.06$22,721
Feb 201107,72885.644.18$32,303
Jan 201105,87086.504.59$26,936
Dec 201005,30185.734.35$23,047
Nov 201005,69580.843.80$21,614
Oct 201005,54578.103.51$19,457
Sep 201006,15972.633.98$24,510
Aug 201005,81873.684.42$25,712
Jul 201006,35772.554.74$30,110
Jun 201006,25270.364.91$30,700
May 201006,98371.124.24$29,575
Apr 201005,99081.694.12$24,695
Mar 201007,29978.394.39$32,033
Feb 201006,76273.585.44$36,801
Jan 201007,76874.365.96$46,329
Dec 200907,48271.445.48$41,029
Nov 200906,68574.593.75$25,079
Oct 200906,67572.544.11$27,436
Sep 200906,36965.543.06$19,519
Aug 200906,82867.423.22$21,976
Jul 200907,51061.133.46$26,018
Jun 200908,07766.163.90$31,460
May 200908,23054.743.93$32,309
Apr 200908,52846.773.59$30,594
Mar 200909,02442.144.06$36,628
Feb 200908,74132.814.63$40,497
Jan 200909,84435.865.37$52,872
Dec 2008010,32737.105.98$61,726
Nov 200809,86855.496.86$67,698
Oct 2008010,93375.246.92$75,678
Sep 2008011,106101.767.88$87,483
Aug 2008012,214114.228.48$103,612
Jul 2008012,149131.0811.39$138,370
Jun 2008011,876131.3313.03$154,776
May 2008011,919123.1711.57$137,954
Apr 2008014,996110.3110.45$156,781
Mar 2008015,845101.909.66$153,127
Feb 2008012,69392.538.77$111,325
Jan 2008016,84790.388.21$138,242
Dec 2007018,07588.337.30$131,983
Nov 2007019,21291.677.29$140,088
Oct 2007021,88982.856.92$151,515
Sep 2007026,19175.846.24$163,541
Aug 2007036,63769.066.39$234,035
Jul 2007055,87270.906.39$356,907
Jun 200704,81862.007.55$36,368

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                1,659 Mcf  × $  3.05 =     $5,053

────────────────────────────────────────────────────
Month total                                   $5,053

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/231659 is the state's own key, not one this site invented.