MCMAHON

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 236694District 09Field 65280200GasSaveExport
Value, all time
$17.4 M
Nov 2007 – May 2026
Value, last 12 filed months
$195 k
at the published price for each month
Months reported
223
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
GasProduction3,417,089 Mcf$17,418,014
Total$17,418,014

Every month this lease reported (223)

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

223 months

May 20264,011106.413.05$12,217
Apr 20263,27898.932.87$9,407
Mar 20263,70889.753.15$11,678
Feb 20263,09463.503.75$11,603
Jan 20264,44659.138.00$35,559
Dec 20255,10456.664.41$22,526
Nov 20255,04258.593.93$19,797
Oct 20254,58759.383.30$15,159
Sep 20254,38962.743.08$13,505
Aug 20254,81963.933.01$14,528
Jul 20254,65166.743.32$15,419
Jun 20254,50366.483.13$14,089
May 20254,49960.553.23$14,542
Apr 20254,27062.363.54$15,129
Mar 20254,66467.704.27$19,907
Feb 20254,75570.884.34$20,641
Jan 20255,14374.324.28$22,005
Dec 20245,10968.993.12$15,947
Nov 20244,72069.052.20$10,377
Oct 20244,40071.372.28$10,038
Sep 20245,12569.612.36$12,117
Aug 20245,46275.632.06$11,272
Jul 20245,11179.932.15$10,971
Jun 20245,43478.082.63$14,313
May 20245,39078.812.20$11,850
Apr 20245,38584.451.66$8,935
Mar 20244,94780.301.55$7,644
Feb 20244,63876.091.78$8,273
Jan 20244,88773.023.30$16,116
Dec 20235,11771.262.61$13,359
Nov 20235,21277.892.81$14,633
Oct 20235,52785.443.09$17,063
Sep 20235,38189.042.74$14,717
Aug 20235,37380.522.67$14,361
Jul 20235,24974.852.64$13,867
Jun 20235,20368.962.26$11,751
May 20235,15170.622.23$11,473
Apr 20235,04678.122.24$11,292
Mar 20235,28072.852.39$12,636
Feb 20233,57575.112.47$8,815
Jan 20234,27876.533.39$14,493
Dec 20224,68576.415.73$26,841
Nov 20225,02885.005.65$28,389
Oct 20225,73387.185.86$33,617
Sep 20225,71184.888.16$46,623
Aug 20226,00094.529.13$54,763
Jul 20225,740101.587.54$43,292
Jun 20225,688115.097.98$45,374
May 20224,741109.378.43$39,981
Apr 20224,623104.226.84$31,610
Mar 20224,825108.885.08$24,494
Feb 20224,79391.054.86$23,288
Jan 20225,72081.844.54$25,956
Dec 20215,96371.323.90$23,250
Nov 20216,15377.435.24$32,222
Oct 20216,65079.795.71$37,997
Sep 20216,61069.865.35$35,370
Aug 20217,02266.024.22$29,637
Jul 20216,57570.783.98$26,182
Jun 20216,72069.493.38$22,718
May 20217,03463.483.02$21,226
Apr 20215,87560.362.76$16,206
Mar 20213,62461.302.72$9,846
Feb 20213,88857.805.55$21,570
Jan 20217,54250.412.81$21,195
Dec 20207,79344.642.68$20,850
Nov 20207,93138.772.71$21,466
Oct 20208,19036.972.48$20,298
Sep 20207,83237.091.99$15,594
Aug 20208,82639.982.39$21,051
Jul 20208,94038.371.83$16,317
Jun 20208,28134.901.69$13,997
May 20209,12316.921.81$16,556
Apr 202010,13314.751.80$18,284
Mar 20209,73130.341.86$18,063
Feb 20208,96549.881.98$17,757
Jan 20209,89757.252.09$20,732
Dec 201911,17959.012.30$25,760
Nov 201911,27355.302.75$31,009
Oct 201911,70253.472.42$28,302
Sep 201911,73555.052.66$31,183
Aug 201911,17553.112.30$25,751
Jul 201914,85656.272.46$36,547
Jun 201914,15652.782.49$35,265
May 201914,71858.482.74$40,332
Apr 201912,60362.632.75$34,667
Mar 20199,14256.803.06$27,994
Feb 20195,77250.852.79$16,117
Jan 20196,02546.033.23$19,450
Dec 20183,43646.594.19$14,381
Nov 20185,27052.934.24$22,330
Oct 20185,76361.443.40$19,583
Sep 20185,55859.543.11$17,274
Aug 20183,58159.403.07$10,981
Jul 20182,84965.142.93$8,353
Jun 20182,18560.183.08$6,723
May 20184,23865.382.90$12,294
Apr 20184,77363.842.90$13,846
Mar 20182,76261.222.79$7,697
Feb 2018061.782.77$0
Jan 20181,23062.874.01$4,931
Dec 20173,72957.272.92$10,894
Nov 20177,81655.423.12$24,373
Oct 20178,82649.292.98$26,334
Sep 20174,59047.523.09$14,171
Aug 20175,88845.373.00$17,690
Jul 20172,38243.873.09$7,354
Jun 20174,67042.493.09$14,418
May 20172,84245.373.26$9,275
Apr 20177,03547.933.21$22,594
Mar 201712,74646.772.98$38,030
Feb 201711,52150.452.95$34,017
Jan 201712,46149.413.42$42,602
Dec 201610,56348.763.72$39,324
Nov 201610,98542.492.64$29,048
Oct 201611,48346.193.09$35,485
Sep 201610,30041.553.10$31,936
Aug 20166,43241.442.92$18,809
Jul 201613,01241.622.92$38,052
Jun 201611,79645.352.69$31,682
May 201612,69742.521.99$25,280
Apr 201612,80736.561.99$25,499
Mar 201614,29233.011.79$25,640
Feb 201613,06026.472.06$26,951
Jan 201613,27127.352.36$31,377
Dec 201514,77632.362.00$29,573
Nov 201513,22338.792.17$28,659
Oct 201514,27443.552.43$34,637
Sep 201514,91142.992.76$41,131
Aug 201515,47340.162.87$44,446
Jul 201510,73848.152.95$31,624
Jun 20159,69656.152.88$27,952
May 20159,04355.212.96$26,726
Apr 201510,93949.822.71$29,607
Mar 201515242.892.93$446
Feb 20158,77444.662.98$26,113
Jan 20158,09743.433.10$25,106
Dec 20144,65154.693.59$16,703
Nov 20142,85170.464.25$12,122
Oct 20143,54278.303.90$13,817
Sep 20144,32886.164.05$17,509
Aug 20145,04189.394.04$20,341
Jul 20141996.564.18$79
Jun 201481598.164.74$3,861
May 20148,02694.734.73$37,935
Apr 20149,36295.944.81$45,023
Mar 201412,72095.895.06$64,323
Feb 20147,12697.406.19$44,124
Jan 20145,56590.404.86$27,050
Dec 20131,32591.824.35$5,770
Nov 201310,19588.853.74$38,112
Oct 201312,83297.423.78$48,497
Sep 201313,886104.113.72$51,625
Aug 201313,768104.253.52$48,499
Jul 201313,312102.523.72$49,491
Jun 201312,88894.403.93$50,694
May 201316,53294.834.15$68,593
Apr 201314,72093.964.28$63,040
Mar 201316,88893.623.91$66,081
Feb 201314,85191.233.42$50,789
Jan 201316,37391.603.42$55,994
Dec 201218,17686.773.42$62,165
Nov 201218,19086.953.62$65,938
Oct 201218,59289.383.40$63,207
Sep 201214,86894.672.92$43,391
Aug 201212,73692.662.91$37,038
Jul 201219,62785.133.02$59,289
Jun 201210,69879.822.52$26,949
May 201217,75891.612.49$44,188
Apr 201221,209101.652.00$42,350
Mar 201224,444105.052.22$54,317
Feb 201222,932101.102.57$58,941
Jan 201226,50598.092.73$72,467
Dec 201125,79396.873.24$83,563
Nov 201127,23595.723.31$90,183
Oct 201126,40084.983.65$96,321
Sep 201121,75583.623.99$86,711
Aug 2011083.404.15$0
Jul 2011094.144.52$0
Jun 2011092.904.64$0
May 20119,69398.134.40$42,696
Apr 201128,005105.964.33$121,354
Mar 201129,82996.364.06$121,026
Feb 201125,64485.644.18$107,191
Jan 201132,02286.504.59$146,942
Dec 201032,95085.734.35$143,258
Nov 201033,08480.843.80$125,565
Oct 201034,74078.103.51$121,899
Sep 201033,88872.633.98$134,856
Aug 201036,40473.684.42$160,882
Jul 201038,47572.554.74$182,236
Jun 201040,60470.364.91$199,382
May 201048,55271.124.24$205,628
Apr 201015,25281.694.12$62,879
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 201013,68874.365.96$81,636
Dec 200936,52071.445.48$200,267
Nov 200936,05874.593.75$135,272
Oct 200939,53172.544.11$162,482
Sep 200940,47065.543.06$124,030
Aug 200941,55567.423.22$133,745
Jul 200943,37061.133.46$150,255
Jun 200942,94866.163.90$167,282
May 200949,21654.743.93$193,210
Apr 200945,46746.773.59$163,113
Mar 200947,43742.144.06$192,547
Feb 200943,06532.814.63$199,520
Jan 200950,23235.865.37$269,796
Dec 200851,82137.105.98$309,741
Nov 200851,88955.496.86$355,977
Oct 200855,78675.246.92$386,150
Sep 200857,377101.767.88$451,964
Aug 200863,200114.228.48$536,127
Jul 200865,639131.0811.39$747,591
Jun 200854,544131.3313.03$710,852
May 200884,721123.1711.57$980,585
Apr 200894,421110.3110.45$987,158
Mar 2008109,770101.909.66$1,060,825
Feb 200893,17492.538.77$817,190
Jan 200883,34390.388.21$683,890
Dec 200749,06788.337.30$358,286
Nov 200715,27591.677.29$111,381

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                4,011 Mcf  × $  3.05 =    $12,217

────────────────────────────────────────────────────
Month total                                  $12,217

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/236694 is the state's own key, not one this site invented.