RED OAK RANCH

Operated by FAULCONER ENERGY, LLC (P-5 263648) 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 231809District 09Field 65280200CondensateGasSaveExport
Value, all time
$10.9 M
Aug 2007 – May 2026
Value, last 12 filed months
$202 k
at the published price for each month
Months reported
226
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
CondensateDisposition17,652 bbl$1,386,258
GasProduction1,996,683 Mcf$9,540,603
Total$10,926,861

Every month this lease reported (226)

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

226 months

May 202604,336106.413.05$13,207
Apr 202604,34998.932.87$12,480
Mar 202604,55589.753.15$14,346
Feb 202603,98763.503.75$14,953
Jan 202604,54059.138.00$36,311
Dec 202504,61056.664.41$20,346
Nov 202504,50458.593.93$17,685
Oct 202504,72459.383.30$15,612
Sep 202504,60562.743.08$14,169
Aug 202504,73263.933.01$14,266
Jul 202504,51866.743.32$14,978
Jun 202504,49066.483.13$14,048
May 202504,57760.553.23$14,794
Apr 202504,30962.363.54$15,267
Mar 202504,57067.704.27$19,506
Feb 202504,13570.884.34$17,949
Jan 202504,59874.324.28$19,673
Dec 202404,57468.993.12$14,277
Nov 202404,53669.052.20$9,972
Oct 202404,86071.372.28$11,088
Sep 202404,74469.612.36$11,217
Aug 202404,87475.632.06$10,058
Jul 202404,65279.932.15$9,986
Jun 202404,64978.082.63$12,245
May 202404,79078.812.20$10,531
Apr 202404,65784.451.66$7,727
Mar 202404,69080.301.55$7,247
Feb 202404,47576.091.78$7,982
Jan 202404,68873.023.30$15,459
Dec 202305,00471.262.61$13,064
Nov 202304,82477.892.81$13,544
Oct 202304,88985.443.09$15,094
Sep 202304,69089.042.74$12,827
Aug 202304,84280.522.67$12,942
Jul 202304,94974.852.64$13,074
Jun 202304,85068.962.26$10,954
May 202305,00770.622.23$11,153
Apr 202304,84078.122.24$10,831
Mar 202305,28072.852.39$12,636
Feb 202304,69575.112.47$11,576
Jan 202305,10676.533.39$17,298
Dec 202205,08576.415.73$29,132
Nov 202204,66285.005.65$26,323
Oct 202204,61487.185.86$27,055
Sep 202204,80484.888.16$39,218
Aug 202204,85894.529.13$44,340
Jul 202205,008101.587.54$37,771
Jun 202204,988115.097.98$39,790
May 202205,137109.378.43$43,321
Apr 202205,065104.226.84$34,632
Mar 202205,116108.885.08$25,971
Feb 202204,69191.054.86$22,793
Jan 202205,23981.844.54$23,773
Dec 202105,23771.323.90$20,420
Nov 202105,29577.435.24$27,729
Oct 202105,31679.795.71$30,375
Sep 2021995,32569.865.35$35,410
Aug 202104,91066.024.22$20,723
Jul 202105,43970.783.98$21,659
Jun 202105,65469.493.38$19,114
May 202102,68263.483.02$8,093
Apr 202105,15960.362.76$14,231
Mar 202105,45961.302.72$14,832
Feb 202104,12957.805.55$22,907
Jan 202105,48450.412.81$15,412
Dec 202005,60344.642.68$14,991
Nov 202005,40338.772.71$14,624
Oct 202005,61836.972.48$13,924
Sep 202005,52937.091.99$11,008
Aug 202005,65739.982.39$13,493
Jul 202005,66338.371.83$10,336
Jun 202005,73334.901.69$9,691
May 202005,45316.921.81$9,896
Apr 202003,53814.751.80$6,384
Mar 202004,53030.341.86$8,409
Feb 202004,17149.881.98$8,261
Jan 202003,96857.252.09$8,312
Dec 201905,23459.012.30$12,061
Nov 201906,06055.302.75$16,669
Oct 201906,34553.472.42$15,346
Sep 201906,15355.052.66$16,350
Aug 201906,17653.112.30$14,232
Jul 201906,17356.272.46$15,186
Jun 201906,00852.782.49$14,967
May 201906,32658.482.74$17,335
Apr 201906,22762.632.75$17,129
Mar 201906,79456.803.06$20,804
Feb 201906,70650.852.79$18,725
Jan 201907,10046.033.23$22,920
Dec 201806,61446.594.19$27,683
Nov 201806,45052.934.24$27,330
Oct 201806,76061.443.40$22,971
Sep 201806,66859.543.11$20,724
Aug 20181087,06659.403.07$28,084
Jul 201807,26065.142.93$21,285
Jun 201806,41360.183.08$19,732
May 201806,79565.382.90$19,711
Apr 201806,78863.842.90$19,691
Mar 201807,44161.222.79$20,737
Feb 201806,21661.782.77$17,194
Jan 201807,43762.874.01$29,817
Dec 201707,64757.272.92$22,341
Nov 201707,49655.423.12$23,375
Oct 201708,32649.292.98$24,842
Sep 201706,93547.523.09$21,410
Aug 20171405,84145.373.00$23,901
Jul 201705,29743.873.09$16,353
Jun 201705,29542.493.09$16,347
May 201705,92845.373.26$19,345
Apr 201705,94047.933.21$19,077
Mar 201706,49846.772.98$19,388
Feb 201706,18350.452.95$18,256
Jan 201707,06749.413.42$24,161
Dec 201607,17248.763.72$26,700
Nov 20161396,83842.492.64$23,988
Oct 201607,27246.193.09$22,472
Sep 201606,81441.553.10$21,128
Aug 201607,17941.442.92$20,994
Jul 201606,98541.622.92$20,427
Jun 201606,91145.352.69$18,562
May 201608,12842.521.99$16,183
Apr 201607,51336.561.99$14,959
Mar 201607,19633.011.79$12,910
Feb 201607,25726.472.06$14,976
Jan 20161888,09827.352.36$24,288
Dec 201508,40432.362.00$16,820
Nov 201508,59638.792.17$18,630
Oct 201509,13843.552.43$22,174
Sep 201508,88642.992.76$24,511
Aug 20152319,24440.162.87$35,830
Jul 201509,36848.152.95$27,590
Jun 201509,30056.152.88$26,811
May 201509,91755.212.96$29,309
Apr 20151848,43849.822.71$32,005
Mar 20151,5718,45742.892.93$92,199
Feb 201507,67544.662.98$22,842
Jan 201509,57343.433.10$29,682
Dec 2014010,87854.693.59$39,067
Nov 2014011,83670.464.25$50,325
Oct 201405,15378.303.90$20,102
Sep 201404,81486.164.05$19,475
Aug 201405,56289.394.04$22,443
Jul 201405,59996.564.18$23,402
Jun 201405,60898.164.74$26,564
May 201405,51394.734.73$26,058
Apr 201405,02095.944.81$24,142
Mar 201403,84995.895.06$19,464
Feb 201404,01697.406.19$24,867
Jan 201404,86190.404.86$23,628
Dec 201305,86891.824.35$25,552
Nov 201304,64788.853.74$17,372
Oct 201305,15897.423.78$19,494
Sep 201305,161104.113.72$19,187
Aug 201304,925104.253.52$17,349
Jul 201307,234102.523.72$26,894
Jun 201304,22794.403.93$16,627
May 201305,53994.834.15$22,982
Apr 201304,36093.964.28$18,672
Mar 201305,25393.623.91$20,554
Feb 201304,42391.233.42$15,126
Jan 201305,25491.603.42$17,968
Dec 201206,51586.773.42$22,282
Nov 201206,15586.953.62$22,312
Oct 201207,29089.383.40$24,784
Sep 201205,79494.672.92$16,909
Aug 201205,35492.662.91$15,570
Jul 201205,94385.133.02$17,953
Jun 201206,78479.822.52$17,089
May 201208,14391.612.49$20,262
Apr 201207,798101.652.00$15,571
Mar 201208,362105.052.22$18,581
Feb 201207,736101.102.57$19,883
Jan 201208,37198.092.73$22,887
Dec 201108,30996.873.24$26,919
Nov 201108,07695.723.31$26,742
Oct 201107,35884.983.65$26,846
Sep 2011010,76983.623.99$42,923
Aug 2011011,90683.404.15$49,402
Jul 2011011,13494.144.52$50,295
Jun 2011010,78492.904.64$50,036
May 2011011,67298.134.40$51,413
Apr 2011013,058105.964.33$56,584
Mar 201119513,01996.364.06$71,613
Feb 2011010,73485.644.18$44,868
Jan 2011011,16386.504.59$51,225
Dec 2010010,96285.734.35$47,660
Nov 2010012,32580.843.80$46,777
Oct 201018012,15378.103.51$56,702
Sep 201019011,81872.633.98$60,829
Aug 2010011,74573.684.42$51,905
Jul 2010011,77972.554.74$55,791
Jun 201015211,49670.364.91$67,145
May 201007,69871.124.24$32,603
Apr 20101928,72681.694.12$51,659
Mar 201019317,35578.394.39$91,295
Feb 2010014,28873.585.44$77,760
Jan 201019514,07074.365.96$98,415
Dec 200916714,79471.445.48$93,057
Nov 200912012,80474.593.75$56,985
Oct 200919013,74072.544.11$70,257
Sep 200918315,10965.543.06$58,299
Aug 200918716,70067.423.22$66,356
Jul 200918416,77861.133.46$69,375
Jun 200937615,53466.163.90$85,381
May 200915316,57554.743.93$73,445
Apr 200936415,96946.773.59$74,313
Mar 200931317,78742.144.06$85,387
Feb 200918716,74532.814.63$83,715
Jan 200934218,44835.865.37$111,348
Dec 200819717,23037.105.98$110,295
Nov 200827017,96555.496.86$138,229
Oct 200829018,48075.246.92$149,738
Sep 2008015,140101.767.88$119,259
Aug 200851219,092114.228.48$220,438
Jul 200830425,384131.0811.39$328,958
Jun 200862125,669131.3313.03$416,091
May 200863926,534123.1711.57$385,818
Apr 200846726,516110.3110.45$328,736
Mar 200877829,806101.909.66$367,325
Feb 200874230,43492.538.77$335,581
Jan 200892336,65890.388.21$384,226
Dec 200793436,78288.337.30$351,081
Nov 20071,01340,69291.677.29$389,576
Oct 20071,47347,53182.856.92$451,047
Sep 20071,43652,31275.846.24$435,551
Aug 200733046,52769.066.39$320,001

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                4,336 Mcf  × $  3.05 =    $13,207

────────────────────────────────────────────────────
Month total                                  $13,207

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/231809 is the state's own key, not one this site invented.