MAHAFFEY, SUE

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 234623District 09Field 65280200CondensateGasSaveExport
Value, all time
$12.1 M
Jul 2007 – May 2026
Value, last 12 filed months
$99 k
at the published price for each month
Months reported
227
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$69
GasProduction2,168,592 Mcf$12,083,150
Total$12,083,219

Every month this lease reported (227)

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

227 months

May 202602,227106.413.05$6,783
Apr 202601,97598.932.87$5,668
Mar 202602,11489.753.15$6,658
Feb 202601,65563.503.75$6,207
Jan 202602,08059.138.00$16,636
Dec 202502,28256.664.41$10,071
Nov 202502,03558.593.93$7,990
Oct 202502,31059.383.30$7,634
Sep 202502,40062.743.08$7,385
Aug 202502,51963.933.01$7,594
Jul 202502,35866.743.32$7,817
Jun 202502,57666.483.13$8,060
May 202502,29960.553.23$7,431
Apr 202502,37762.363.54$8,422
Mar 202502,83967.704.27$12,118
Feb 202502,29870.884.34$9,975
Jan 202502,34674.324.28$10,038
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 2024029573.023.30$973
Dec 202302,65371.262.61$6,926
Nov 202302,74377.892.81$7,701
Oct 202302,75385.443.09$8,499
Sep 202302,97489.042.74$8,134
Aug 202302,77580.522.67$7,417
Jul 202302,82974.852.64$7,474
Jun 202312,80368.962.26$6,399
May 202302,74770.622.23$6,119
Apr 202302,28778.122.24$5,118
Mar 202302,48472.852.39$5,945
Feb 202302,36875.112.47$5,839
Jan 202302,81376.533.39$9,530
Dec 202203,14276.415.73$18,001
Nov 202202,94485.005.65$16,622
Oct 202203,11587.185.86$18,266
Sep 202203,20484.888.16$26,156
Aug 202203,61194.529.13$32,958
Jul 202204,031101.587.54$30,402
Jun 202200115.097.98$0
May 202201,172109.378.43$9,884
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 2020085916.921.81$1,559
Apr 202002,20314.751.80$3,975
Mar 202002,89230.341.86$5,368
Feb 202003,27449.881.98$6,485
Jan 202002,74757.252.09$5,754
Dec 201902,84459.012.30$6,554
Nov 201903,07855.302.75$8,467
Oct 201903,01653.472.42$7,294
Sep 201903,12055.052.66$8,291
Aug 201903,32753.112.30$7,667
Jul 201903,02256.272.46$7,434
Jun 201903,67352.782.49$9,150
May 201903,98358.482.74$10,915
Apr 201903,62662.632.75$9,974
Mar 201903,46356.803.06$10,604
Feb 201903,77750.852.79$10,546
Jan 201904,06846.033.23$13,132
Dec 201804,45446.594.19$18,642
Nov 201804,17052.934.24$17,669
Oct 201803561.443.40$119
Sep 2018042759.543.11$1,327
Aug 201802,36659.403.07$7,255
Jul 201802,34165.142.93$6,864
Jun 201802,15360.183.08$6,625
May 201801,92865.382.90$5,593
Apr 201801,77963.842.90$5,161
Mar 201802,16961.222.79$6,045
Feb 201802,66661.782.77$7,374
Jan 201802,38362.874.01$9,554
Dec 201706,49957.272.92$18,987
Nov 201702,43755.423.12$7,599
Oct 201702,03949.292.98$6,084
Sep 201701,47647.523.09$4,557
Aug 201701,19445.373.00$3,587
Jul 20170043.873.09$0
Jun 2017011642.493.09$358
May 201704,63045.373.26$15,110
Apr 201703,14347.933.21$10,094
Mar 2017089946.772.98$2,682
Feb 201703,12250.452.95$9,218
Jan 201701,06849.413.42$3,651
Dec 201604,10848.763.72$15,293
Nov 201604,98142.492.64$13,172
Oct 201605,41646.193.09$16,737
Sep 201605,64041.553.10$17,488
Aug 201605,80741.442.92$16,982
Jul 201606,42641.622.92$18,792
Jun 201606,42545.352.69$17,256
May 201607,01342.521.99$13,963
Apr 201606,99836.561.99$13,933
Mar 201606,67233.011.79$11,970
Feb 201606,08626.472.06$12,559
Jan 201606,45027.352.36$15,250
Dec 201506,52932.362.00$13,067
Nov 201506,54238.792.17$14,179
Oct 201506,62843.552.43$16,083
Sep 201506,54942.992.76$18,065
Aug 201506,58040.162.87$18,901
Jul 201506,35448.152.95$18,713
Jun 201506,23456.152.88$17,972
May 201507,22355.212.96$21,347
Apr 201507,38949.822.71$19,999
Mar 201507,61242.892.93$22,339
Feb 201506,68544.662.98$19,896
Jan 201507,89943.433.10$24,492
Dec 201407,61354.693.59$27,341
Nov 201407,59170.464.25$32,276
Oct 201407,74378.303.90$30,205
Sep 201407,42686.164.05$30,041
Aug 201407,89789.394.04$31,865
Jul 201408,10696.564.18$33,880
Jun 201408,16698.164.74$38,681
May 201408,27294.734.73$39,098
Apr 201408,14895.944.81$39,185
Mar 201408,82095.895.06$44,601
Feb 201407,75097.406.19$47,988
Jan 201408,63190.404.86$41,953
Dec 201309,17891.824.35$39,965
Nov 201308,68588.853.74$32,467
Oct 201309,16297.423.78$34,627
Sep 201308,885104.113.72$33,032
Aug 201309,411104.253.52$33,151
Jul 201309,627102.523.72$35,791
Jun 201309,31094.403.93$36,620
May 201309,61194.834.15$39,877
Apr 201309,59393.964.28$41,083
Mar 201309,86993.623.91$38,616
Feb 201309,09891.233.42$31,114
Jan 201309,90591.603.42$33,874
Dec 201209,53186.773.42$32,598
Nov 201208,39786.953.62$30,439
Oct 201208,95389.383.40$30,437
Sep 201208,57494.672.92$25,022
Aug 201208,60292.662.91$25,016
Jul 201209,12685.133.02$27,568
Jun 201208,70079.822.52$21,916
May 201209,14391.612.49$22,751
Apr 201209,278101.652.00$18,526
Mar 201209,611105.052.22$21,356
Feb 201209,064101.102.57$23,297
Jan 2012010,52698.092.73$28,779
Dec 2011010,74796.873.24$34,817
Nov 201109,72495.723.31$32,199
Oct 2011011,05184.983.65$40,320
Sep 2011011,26883.623.99$44,912
Aug 2011011,66083.404.15$48,381
Jul 2011011,78794.144.52$53,245
Jun 2011011,65092.904.64$54,055
May 2011012,40398.134.40$54,633
Apr 2011012,210105.964.33$52,909
Mar 2011013,18196.364.06$53,480
Feb 2011011,28885.644.18$47,184
Jan 2011012,88186.504.59$59,108
Dec 2010013,07885.734.35$56,860
Nov 2010012,87780.843.80$48,872
Oct 2010013,12078.103.51$46,037
Sep 2010013,33072.633.98$53,046
Aug 2010014,86773.684.42$65,703
Jul 2010014,66172.554.74$69,442
Jun 2010015,24270.364.91$74,844
May 2010015,21171.124.24$64,422
Apr 2010015,83981.694.12$65,299
Mar 2010014,62278.394.39$64,171
Feb 2010014,20973.585.44$77,330
Jan 2010016,37274.365.96$97,644
Dec 2009017,24771.445.48$94,578
Nov 2009016,84474.593.75$63,190
Oct 2009018,51372.544.11$76,093
Sep 2009017,84365.543.06$54,684
Aug 2009019,72367.423.22$63,478
Jul 2009020,74361.133.46$71,864
Jun 2009021,00666.163.90$81,818
May 2009022,56854.743.93$88,596
Apr 2009022,96446.773.59$82,383
Mar 2009024,96942.144.06$101,349
Feb 2009023,05332.814.63$106,805
Jan 2009026,43935.865.37$142,004
Dec 2008027,99637.105.98$167,336
Nov 2008026,29755.496.86$180,407
Oct 2008027,25175.246.92$188,631
Sep 2008027,366101.767.88$215,564
Aug 2008029,292114.228.48$248,485
Jul 2008028,909131.0811.39$329,257
Jun 2008033,028131.3313.03$430,442
May 2008053,814123.1711.57$622,859
Apr 2008049,503110.3110.45$517,547
Mar 2008050,239101.909.66$485,513
Feb 2008047,50592.538.77$416,646
Jan 2008052,98690.388.21$434,789
Dec 2007044,88988.337.30$327,778
Nov 2007066,82491.677.29$487,261
Oct 2007078,07482.856.92$540,427
Sep 2007088,08175.846.24$549,992
Aug 20070109,34969.066.39$698,515
Jul 2007090,85270.906.39$580,357

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                2,227 Mcf  × $  3.05 =     $6,783

────────────────────────────────────────────────────
Month total                                   $6,783

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/234623 is the state's own key, not one this site invented.