MAYFIELD

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 235104District 09Field 65280200CondensateGasSaveExport
Value, all time
$17.8 M
Oct 2007 – May 2026
Value, last 12 filed months
$327 k
at the published price for each month
Months reported
224
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
CondensateDisposition50 bbl$3,374
GasProduction3,789,267 Mcf$17,812,190
Total$17,815,565

Every month this lease reported (224)

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

224 months

May 202607,203106.413.05$21,939
Apr 202607,04898.932.87$20,226
Mar 202607,24689.753.15$22,821
Feb 202606,52663.503.75$24,475
Jan 202607,22959.138.00$57,817
Dec 202527,24656.664.41$32,093
Nov 202536,98458.593.93$27,598
Oct 202507,43059.383.30$24,555
Sep 202537,24362.743.08$22,474
Aug 202507,66363.933.01$23,102
Jul 202547,69966.743.32$25,791
Jun 202517,52766.483.13$23,616
May 202567,68060.553.23$25,188
Apr 202527,44562.363.54$26,503
Mar 202547,63267.704.27$32,847
Feb 202517,12070.884.34$30,978
Jan 202537,63674.324.28$32,895
Dec 202447,77268.993.12$24,535
Nov 202457,34469.052.20$16,491
Oct 202407,71671.372.28$17,603
Sep 202457,50369.612.36$18,088
Aug 202427,74175.632.06$16,126
Jul 202407,63979.932.15$16,398
Jun 202457,51778.082.63$20,190
May 202407,80578.812.20$17,159
Apr 202407,93484.451.66$13,164
Mar 202408,44180.301.55$13,042
Feb 202407,97676.091.78$14,226
Jan 202407,74473.023.30$25,537
Dec 202308,54371.262.61$22,303
Nov 202308,31077.892.81$23,331
Oct 202308,77485.443.09$27,088
Sep 202308,65189.042.74$23,661
Aug 202309,16880.522.67$24,505
Jul 202309,15874.852.64$24,194
Jun 202308,80468.962.26$19,884
May 202308,96870.622.23$19,975
Apr 202308,79878.122.24$19,688
Mar 202309,22272.852.39$22,070
Feb 202308,44075.112.47$20,810
Jan 202309,50176.533.39$32,187
Dec 202209,57976.415.73$54,879
Nov 202209,29385.005.65$52,470
Oct 202209,63387.185.86$56,486
Sep 202209,44684.888.16$77,114
Aug 202209,85194.529.13$89,912
Jul 202209,753101.587.54$73,558
Jun 202209,567115.097.98$76,318
May 202209,983109.378.43$84,187
Apr 202209,713104.226.84$66,414
Mar 2022010,366108.885.08$52,622
Feb 202206,47191.054.86$31,442
Jan 202207,89981.844.54$35,843
Dec 202107,71871.323.90$30,093
Nov 202108,22377.435.24$43,063
Oct 202108,59479.795.71$49,105
Sep 202107,99069.865.35$42,754
Aug 202108,24166.024.22$34,782
Jul 202108,73170.783.98$34,768
Jun 202108,72869.493.38$29,506
May 202109,59063.483.02$28,939
Apr 202109,10860.362.76$25,124
Mar 202108,72261.302.72$23,697
Feb 202107,16957.805.55$39,773
Jan 202108,68150.412.81$24,396
Dec 202008,69844.642.68$23,271
Nov 202009,23938.772.71$25,006
Oct 202008,73636.972.48$21,652
Sep 202009,13637.091.99$18,190
Aug 202009,31839.982.39$22,224
Jul 202009,34638.371.83$17,058
Jun 202009,23134.901.69$15,603
May 2020010,15316.921.81$18,425
Apr 202009,57014.751.80$17,268
Mar 2020010,37330.341.86$19,255
Feb 2020010,16449.881.98$20,132
Jan 2020011,08857.252.09$23,226
Dec 2019010,66059.012.30$24,564
Nov 2019010,07755.302.75$27,719
Oct 2019010,52853.472.42$25,462
Sep 2019010,39555.052.66$27,622
Aug 2019010,58353.112.30$24,387
Jul 2019011,18856.272.46$27,523
Jun 2019011,19752.782.49$27,894
May 2019010,63658.482.74$29,146
Apr 2019010,56462.632.75$29,058
Mar 2019011,19256.803.06$34,271
Feb 201909,90450.852.79$27,654
Jan 2019010,91146.033.23$35,223
Dec 2018012,17046.594.19$50,937
Nov 2018011,14352.934.24$47,216
Oct 2018011,77761.443.40$40,019
Sep 2018012,03759.543.11$37,411
Aug 2018012,35759.403.07$37,893
Jul 2018012,34865.142.93$36,203
Jun 2018012,50660.183.08$38,480
May 2018013,97665.382.90$40,542
Apr 2018014,47463.842.90$41,986
Mar 2018014,98561.222.79$41,761
Feb 201807,23461.782.77$20,010
Jan 2018011,51662.874.01$46,171
Dec 2017012,16557.272.92$35,540
Nov 2017010,92455.423.12$34,065
Oct 2017011,79449.292.98$35,190
Sep 2017013,08647.523.09$40,400
Aug 2017013,78145.373.00$41,404
Jul 2017013,96243.873.09$43,105
Jun 2017011,03142.493.09$34,056
May 2017014,16045.373.26$46,210
Apr 2017013,72947.933.21$44,092
Mar 2017014,45946.772.98$43,141
Feb 2017013,25850.452.95$39,146
Jan 2017014,51749.413.42$49,631
Dec 2016014,60448.763.72$54,368
Nov 2016014,37642.492.64$38,015
Oct 2016015,21546.193.09$47,018
Sep 2016015,13441.553.10$46,925
Aug 2016016,02941.442.92$46,874
Jul 2016016,33441.622.92$47,766
Jun 2016015,94945.352.69$42,836
May 2016016,58042.521.99$33,011
Apr 2016016,27736.561.99$32,408
Mar 2016017,08633.011.79$30,652
Feb 2016015,84026.472.06$32,688
Jan 2016017,61927.352.36$41,658
Dec 2015017,85932.362.00$35,743
Nov 2015017,80138.792.17$38,581
Oct 2015019,49543.552.43$47,306
Sep 2015019,45142.992.76$53,654
Aug 2015017,33140.162.87$49,783
Jul 2015012,51548.152.95$36,858
Jun 2015016,76056.152.88$48,317
May 2015015,05155.212.96$44,482
Apr 2015016,26749.822.71$44,028
Mar 2015013,96742.892.93$40,989
Feb 2015012,61444.662.98$37,542
Jan 2015014,02843.433.10$43,496
Dec 2014014,65254.693.59$52,621
Nov 2014014,90170.464.25$63,357
Oct 2014015,05078.303.90$58,709
Sep 2014014,69686.164.05$59,452
Aug 2014015,46689.394.04$62,407
Jul 2014015,96796.564.18$66,736
Jun 2014015,85698.164.74$75,108
May 2014017,07694.734.73$80,711
Apr 2014017,10295.944.81$82,246
Mar 2014017,92595.895.06$90,643
Feb 2014017,10197.406.19$105,889
Jan 2014020,16290.404.86$98,002
Dec 2013020,38891.824.35$88,779
Nov 2013020,34688.853.74$76,059
Oct 2013021,33297.423.78$80,621
Sep 2013021,350104.113.72$79,374
Aug 2013023,077104.253.52$81,291
Jul 2013021,950102.523.72$81,604
Jun 2013020,66194.403.93$81,268
May 2013021,81794.834.15$90,520
Apr 2013021,69493.964.28$92,907
Mar 2013024,25393.623.91$94,899
Feb 2013023,37791.233.42$79,947
Jan 2013026,41891.603.42$90,347
Dec 2012025,65386.773.42$87,737
Nov 2012024,07686.953.62$87,275
Oct 2012025,38689.383.40$86,304
Sep 2012026,95694.672.92$78,668
Aug 2012035,20392.662.91$102,376
Jul 2012031,81985.133.02$96,119
Jun 20120079.822.52$0
May 2012016,19991.612.49$40,308
Apr 2012024,376101.652.00$48,674
Mar 2012026,599105.052.22$59,105
Feb 2012025,033101.102.57$64,341
Jan 2012027,95098.092.73$76,418
Dec 2011027,16796.873.24$88,014
Nov 2011023,85895.723.31$79,001
Oct 2011014,16384.983.65$51,674
Sep 201108,35083.623.99$33,281
Aug 2011010,25283.404.15$42,539
Jul 2011013,26494.144.52$59,917
Jun 2011012,57092.904.64$58,323
May 2011015,16598.134.40$66,799
Apr 2011013,120105.964.33$56,853
Mar 2011014,54196.364.06$58,998
Feb 2011012,81585.644.18$53,566
Jan 2011014,49186.504.59$66,496
Dec 2010013,74185.734.35$59,742
Nov 2010014,55880.843.80$55,252
Oct 2010015,09578.103.51$52,967
Sep 2010015,06872.633.98$59,963
Aug 2010016,39373.684.42$72,447
Jul 2010016,84272.554.74$79,772
Jun 2010018,01270.364.91$88,446
May 2010021,23371.124.24$89,926
Apr 2010022,05981.694.12$90,942
Mar 2010023,54378.394.39$103,322
Feb 2010022,20773.585.44$120,858
Jan 2010025,49774.365.96$152,066
Dec 2009026,94771.445.48$147,771
Nov 2009027,72274.593.75$103,999
Oct 2009029,92472.544.11$122,995
Sep 2009029,44965.543.06$90,254
Aug 2009030,31567.423.22$97,569
Jul 2009030,02461.133.46$104,018
Jun 2009028,20066.163.90$109,839
May 2009027,09354.743.93$106,360
Apr 2009031,88846.773.59$114,398
Mar 2009037,69142.144.06$152,988
Feb 2009038,56532.814.63$178,672
Jan 2009045,05735.865.37$242,001
Dec 2008045,05337.105.98$269,288
Nov 2008044,41855.496.86$304,723
Oct 2008010,98675.246.92$76,045
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 2008047,811131.0811.39$544,540
Jun 2008062,864131.3313.03$819,283
May 2008069,592123.1711.57$805,478
Apr 2008071,790110.3110.45$750,554
Mar 2008075,785101.909.66$732,392
Feb 2008069,35292.538.77$608,257
Jan 2008096,61690.388.21$792,805
Dec 2007094,48688.337.30$689,934
Nov 2007084,56691.677.29$616,630
Oct 200709,66982.856.92$66,929

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                7,203 Mcf  × $  3.05 =    $21,939

────────────────────────────────────────────────────
Month total                                  $21,939

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/235104 is the state's own key, not one this site invented.