SHERROD, FRANCES

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 237242District 09Field 65280200CondensateGasSaveExport
Value, all time
$15.6 M
Oct 2007 – May 2026
Value, last 12 filed months
$222 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
CondensateDisposition67 bbl$4,786
GasProduction3,192,689 Mcf$15,589,681
Total$15,594,467

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 202604,643106.413.05$14,142
Apr 202604,83998.932.87$13,887
Mar 202604,80689.753.15$15,136
Feb 202604,15563.503.75$15,583
Jan 202604,34559.138.00$34,751
Dec 202505,08956.664.41$22,460
Nov 202505,06358.593.93$19,880
Oct 202505,53759.383.30$18,299
Sep 202505,32262.743.08$16,375
Aug 202505,11163.933.01$15,408
Jul 202505,43966.743.32$18,031
Jun 202505,71766.483.13$17,887
May 202503,76160.553.23$12,157
Apr 202505,17762.363.54$18,343
Mar 202564,43467.704.27$19,332
Feb 202584,22270.884.34$18,894
Jan 202565,26574.324.28$22,973
Dec 2024165,45868.993.12$18,140
Nov 202485,38169.052.20$12,382
Oct 202405,55471.372.28$12,671
Sep 202485,45769.612.36$13,459
Aug 202475,59475.632.06$12,073
Jul 202405,29979.932.15$11,375
Jun 202484,73478.082.63$13,094
May 202401,16578.812.20$2,561
Apr 202402,69084.451.66$4,463
Mar 202404,84980.301.55$7,492
Feb 202402,22776.091.78$3,972
Jan 202403,57373.023.30$11,783
Dec 202305,19971.262.61$13,573
Nov 202304,70477.892.81$13,207
Oct 202306,28885.443.09$19,413
Sep 202305,97189.042.74$16,331
Aug 202306,32380.522.67$16,901
Jul 202306,79674.852.64$17,954
Jun 202306,68668.962.26$15,100
May 202307,29670.622.23$16,251
Apr 202306,32578.122.24$14,154
Mar 202309,60872.852.39$22,993
Feb 202304,47675.112.47$11,036
Jan 202307,22276.533.39$24,466
Dec 202207,71576.415.73$44,200
Nov 202207,57085.005.65$42,742
Oct 202207,82687.185.86$45,890
Sep 202208,00084.888.16$65,309
Aug 202207,43494.529.13$67,851
Jul 202208,278101.587.54$62,433
Jun 202208,178115.097.98$65,238
May 202208,609109.378.43$72,600
Apr 202208,532104.226.84$58,338
Mar 202208,841108.885.08$44,880
Feb 202208,20391.054.86$39,857
Jan 202209,30181.844.54$42,205
Dec 202107,64571.323.90$29,809
Nov 202104,29877.435.24$22,508
Oct 202103,94579.795.71$22,541
Sep 202104,62869.865.35$24,764
Aug 202105,74666.024.22$24,252
Jul 202106,19770.783.98$24,677
Jun 202105,83269.493.38$19,716
May 202104,32963.483.02$13,063
Apr 202105,54860.362.76$15,304
Mar 202104,59861.302.72$12,492
Feb 202105,39057.805.55$29,903
Jan 202107,26750.412.81$20,422
Dec 202007,83144.642.68$20,952
Nov 202007,75738.772.71$20,995
Oct 202007,80436.972.48$19,342
Sep 202007,33037.091.99$14,594
Aug 202007,98739.982.39$19,050
Jul 202008,34638.371.83$15,232
Jun 202008,38434.901.69$14,172
May 202009,02116.921.81$16,371
Apr 202008,98714.751.80$16,216
Mar 202006,68430.341.86$12,407
Feb 202008,70549.881.98$17,242
Jan 202009,55257.252.09$20,009
Dec 2019010,14759.012.30$23,382
Nov 2019010,06255.302.75$27,678
Oct 2019010,47653.472.42$25,337
Sep 2019010,70555.052.66$28,446
Aug 2019011,03053.112.30$25,417
Jul 2019011,84756.272.46$29,144
Jun 2019011,76652.782.49$29,311
May 2019012,09758.482.74$33,150
Apr 2019012,38062.632.75$34,054
Mar 2019014,05856.803.06$43,047
Feb 2019013,17850.852.79$36,796
Jan 2019014,71546.033.23$47,503
Dec 201808,90146.594.19$37,255
Nov 201805,74952.934.24$24,360
Oct 201806,16461.443.40$20,946
Sep 2018010,27459.543.11$31,932
Aug 201806,46659.403.07$19,828
Jul 201806,03265.142.93$17,685
Jun 201806,09260.183.08$18,745
May 201806,18265.382.90$17,933
Apr 201808,10663.842.90$23,514
Mar 201806,34861.222.79$17,691
Feb 201806,96261.782.77$19,258
Jan 201807,79362.874.01$31,245
Dec 201707,94257.272.92$23,203
Nov 201708,09255.423.12$25,234
Oct 201707,81749.292.98$23,323
Sep 201707,02447.523.09$21,685
Aug 201708,27345.373.00$24,855
Jul 201708,44643.873.09$26,075
Jun 201704,71442.493.09$14,553
May 201706,55045.373.26$21,375
Apr 201707,28447.933.21$23,393
Mar 201707,00146.772.98$20,889
Feb 201708,35950.452.95$24,681
Jan 201708,43649.413.42$28,841
Dec 201608,95548.763.72$33,338
Nov 201609,67142.492.64$25,574
Oct 201609,77346.193.09$30,201
Sep 201609,08241.553.10$28,160
Aug 201609,35541.442.92$27,357
Jul 201609,08241.622.92$26,559
Jun 201609,97945.352.69$26,802
May 2016011,14842.521.99$22,196
Apr 2016010,10936.561.99$20,127
Mar 201605,40833.011.79$9,702
Feb 201604,11226.472.06$8,486
Jan 201602,16827.352.36$5,126
Dec 201506,38432.362.00$12,777
Nov 201505,63738.792.17$12,217
Oct 201502,96143.552.43$7,185
Sep 2015011,45742.992.76$31,603
Aug 2015013,65240.162.87$39,215
Jul 2015011,24148.152.95$33,106
Jun 201509,91856.152.88$28,592
May 2015013,12955.212.96$38,802
Apr 2015010,92449.822.71$29,567
Mar 2015012,46342.892.93$36,575
Feb 2015011,73744.662.98$34,932
Jan 2015013,20543.433.10$40,944
Dec 2014013,64654.693.59$49,008
Nov 2014014,04070.464.25$59,696
Oct 2014014,61778.303.90$57,020
Sep 2014013,56986.164.05$54,893
Aug 2014014,18889.394.04$57,250
Jul 2014015,15396.564.18$63,333
Jun 2014015,89398.164.74$75,283
May 2014016,45994.734.73$77,794
Apr 2014013,60195.944.81$65,409
Mar 2014013,90495.895.06$70,310
Feb 2014015,50597.406.19$96,007
Jan 2014014,40090.404.86$69,994
Dec 2013013,75891.824.35$59,909
Nov 2013012,34088.853.74$46,130
Oct 2013012,92997.423.78$48,863
Sep 2013011,465104.113.72$42,624
Aug 2013012,295104.253.52$43,310
Jul 2013012,240102.523.72$45,505
Jun 2013012,91294.403.93$50,788
May 2013013,47794.834.15$55,917
Apr 2013013,73893.964.28$58,834
Mar 2013014,76193.623.91$57,758
Feb 2013013,99191.233.42$47,848
Jan 2013016,28191.603.42$55,680
Dec 2012016,15786.773.42$55,260
Nov 2012015,87986.953.62$57,561
Oct 2012016,72689.383.40$56,863
Sep 2012016,36394.672.92$47,754
Aug 2012017,45892.662.91$50,771
Jul 2012017,60285.133.02$53,172
Jun 2012017,74079.822.52$44,688
May 2012018,39791.612.49$45,778
Apr 2012015,105101.652.00$30,162
Mar 2012016,215105.052.22$36,031
Feb 2012017,769101.102.57$45,671
Jan 2012020,70898.092.73$56,617
Dec 2011022,68696.873.24$73,497
Nov 2011025,44395.723.31$84,249
Oct 2011028,69784.983.65$104,702
Sep 2011032,32983.623.99$128,857
Aug 201108,74783.404.15$36,294
Jul 201108,05394.144.52$36,377
Jun 2011014,37292.904.64$66,684
May 2011016,04998.134.40$70,693
Apr 2011019,373105.964.33$83,949
Mar 2011018,04596.364.06$73,215
Feb 2011017,39985.644.18$72,727
Jan 2011020,65286.504.59$94,767
Dec 2010020,46385.734.35$88,968
Nov 2010022,52180.843.80$85,475
Oct 2010022,18678.103.51$77,848
Sep 2010023,64372.633.98$94,087
Aug 2010024,51573.684.42$108,341
Jul 2010023,58272.554.74$111,696
Jun 2010023,76870.364.91$116,710
May 2010025,41671.124.24$107,642
Apr 2010025,56881.694.12$105,409
Mar 2010026,48978.394.39$116,251
Feb 2010025,81673.585.44$140,500
Jan 2010031,62974.365.96$188,638
Dec 2009033,09171.445.48$181,463
Nov 2009033,06874.593.75$124,055
Oct 2009035,38872.544.11$145,454
Sep 2009035,19765.543.06$107,870
Aug 2009034,23067.423.22$110,169
Jul 2009036,80861.133.46$127,521
Jun 2009036,70166.163.90$142,950
May 2009038,12354.743.93$149,661
Apr 2009037,26246.773.59$133,677
Mar 2009041,57242.144.06$168,741
Feb 2009043,97732.814.63$203,745
Jan 2009017,83535.865.37$95,792
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 2008039,444101.767.88$310,704
Aug 2008044,062114.228.48$373,779
Jul 2008046,260131.0811.39$526,875
Jun 2008050,691131.3313.03$660,637
May 2008059,033123.1711.57$683,265
Apr 2008061,373110.3110.45$641,646
Mar 2008065,599101.909.66$633,953
Feb 2008064,77592.538.77$568,114
Jan 2008079,47090.388.21$652,109
Dec 2007085,33788.337.30$623,128
Nov 2007085,15791.677.29$620,939
Oct 200706,39882.856.92$44,287

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                4,643 Mcf  × $  3.05 =    $14,142

────────────────────────────────────────────────────
Month total                                  $14,142

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/237242 is the state's own key, not one this site invented.