MADELON

Operated by BKV BARNETT II, LLC (P-5 103758) 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 237416District 09Field 65280200CondensateGasSaveExport
Value, all time
$14.1 M
Dec 2007 – May 2026
Value, last 12 filed months
$161 k
at the published price for each month
Months reported
222
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
CondensateDisposition31 bbl$2,665
GasProduction2,782,200 Mcf$14,106,643
Total$14,109,308

Every month this lease reported (222)

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

222 months

May 202602,987106.413.05$9,098
Apr 202602,73998.932.87$7,860
Mar 202602,98189.753.15$9,388
Feb 202601,28863.503.75$4,830
Jan 202604,27959.138.00$34,223
Dec 202503,42856.664.41$15,129
Nov 202503,65258.593.93$14,339
Oct 202503,51159.383.30$11,603
Sep 202504,26862.743.08$13,132
Aug 202504,48563.933.01$13,521
Jul 202504,41066.743.32$14,620
Jun 202504,39566.483.13$13,751
May 202504,69060.553.23$15,160
Apr 202504,60062.363.54$16,298
Mar 202504,71867.704.27$20,138
Feb 202504,14870.884.34$18,006
Jan 202504,85674.324.28$20,777
Dec 202405,28868.993.12$16,506
Nov 202404,44869.052.20$9,779
Oct 202404,56771.372.28$10,419
Sep 202404,66269.612.36$11,023
Aug 202404,72775.632.06$9,755
Jul 202404,60079.932.15$9,874
Jun 202404,42478.082.63$11,653
May 202404,51678.812.20$9,928
Apr 202404,17884.451.66$6,932
Mar 202404,68480.301.55$7,237
Feb 202404,20376.091.78$7,497
Jan 202405,43273.023.30$17,913
Dec 202304,75671.262.61$12,417
Nov 202304,80377.892.81$13,485
Oct 202304,96285.443.09$15,319
Sep 202304,88089.042.74$13,347
Aug 202304,89780.522.67$13,089
Jul 202304,95974.852.64$13,101
Jun 202304,90468.962.26$11,076
May 202304,86570.622.23$10,836
Apr 202305,27678.122.24$11,806
Mar 202302,43272.852.39$5,820
Feb 202301,85875.112.47$4,581
Jan 202305,46076.533.39$18,497
Dec 202205,53976.415.73$31,733
Nov 202205,32885.005.65$30,083
Oct 202205,66787.185.86$33,230
Sep 202205,55584.888.16$45,349
Aug 202205,82794.529.13$53,184
Jul 202205,935101.587.54$44,762
Jun 202205,772115.097.98$46,044
May 202206,025109.378.43$50,809
Apr 202205,830104.226.84$39,863
Mar 202205,352108.885.08$27,169
Feb 202204,94791.054.86$24,037
Jan 202205,22181.844.54$23,691
Dec 202105,65971.323.90$22,065
Nov 202105,46977.435.24$28,640
Oct 202105,82279.795.71$33,266
Sep 202105,08369.865.35$27,199
Aug 202105,28566.024.22$22,306
Jul 202105,50570.783.98$21,921
Jun 202105,54569.493.38$18,746
May 202105,76163.483.02$17,385
Apr 202105,90260.362.76$16,280
Mar 202106,19261.302.72$16,823
Feb 202105,17157.805.55$28,688
Jan 202106,13150.412.81$17,230
Dec 202006,28044.642.68$16,802
Nov 202006,19738.772.71$16,773
Oct 202005,94236.972.48$14,727
Sep 202005,52337.091.99$10,997
Aug 202005,98539.982.39$14,275
Jul 202005,86038.371.83$10,695
Jun 202006,09934.901.69$10,309
May 202005,97316.921.81$10,840
Apr 202005,74414.751.80$10,364
Mar 202005,83430.341.86$10,829
Feb 202004,58749.881.98$9,085
Jan 202001,96957.252.09$4,125
Dec 201903,96559.012.30$9,137
Nov 201905,25955.302.75$14,466
Oct 201905,94053.472.42$14,366
Sep 201905,09455.052.66$13,536
Aug 201905,85853.112.30$13,499
Jul 201906,05956.272.46$14,906
Jun 201907,01752.782.49$17,481
May 201906,73158.482.74$18,445
Apr 201906,72562.632.75$18,498
Mar 201907,60856.803.06$23,296
Feb 201907,21550.852.79$20,146
Jan 201907,43646.033.23$24,005
Dec 201806,48046.594.19$27,122
Nov 201806,88752.934.24$29,182
Oct 201806,85761.443.40$23,301
Sep 201808,24559.543.11$25,625
Aug 201808,39759.403.07$25,750
Jul 201808,24465.142.93$24,170
Jun 201807,98960.183.08$24,582
May 201807,94865.382.90$23,056
Apr 201809,78863.842.90$28,393
Mar 201803,15261.222.79$8,784
Feb 201806,52361.782.77$18,043
Jan 201806,82062.874.01$27,344
Dec 201706,50057.272.92$18,990
Nov 201705,67355.423.12$17,690
Oct 201706,37849.292.98$19,030
Sep 201707,01347.523.09$21,651
Aug 201707,76345.373.00$23,323
Jul 201707,48043.873.09$23,093
Jun 201707,17742.493.09$22,157
May 201708,42745.373.26$27,501
Apr 201708,83547.933.21$28,374
Mar 201709,40946.772.98$28,073
Feb 201708,15750.452.95$24,084
Jan 201707,80949.413.42$26,697
Dec 201608,33948.763.72$31,045
Nov 201608,39342.492.64$22,194
Oct 201609,15646.193.09$28,294
Sep 201608,09041.553.10$25,084
Aug 201609,29641.442.92$27,185
Jul 201608,92241.622.92$26,091
Jun 2016010,01345.352.69$26,893
May 201609,85642.521.99$19,624
Apr 201609,45636.561.99$18,827
Mar 2016010,44233.011.79$18,733
Feb 201609,34726.472.06$19,289
Jan 201609,63527.352.36$22,781
Dec 201509,30732.362.00$18,627
Nov 2015010,28138.792.17$22,282
Oct 2015010,28343.552.43$24,953
Sep 201509,56542.992.76$26,384
Aug 201508,20640.162.87$23,572
Jul 201509,11548.152.95$26,844
Jun 201507,68956.152.88$22,166
May 201508,45855.212.96$24,997
Apr 2015010,47849.822.71$28,359
Mar 201507,64842.892.93$22,445
Feb 201507,93544.662.98$23,616
Jan 201508,13543.433.10$25,224
Dec 2014010,06054.693.59$36,129
Nov 201409,04270.464.25$38,445
Oct 2014011,27878.303.90$43,995
Sep 2014011,86686.164.05$48,003
Aug 2014011,56589.394.04$46,666
Jul 2014011,59096.564.18$48,442
Jun 2014010,45698.164.74$49,529
May 2014012,30994.734.73$58,179
Apr 2014010,11995.944.81$48,663
Mar 2014010,16695.895.06$51,407
Feb 2014011,62897.406.19$72,001
Jan 2014012,33990.404.86$59,976
Dec 2013013,43691.824.35$58,507
Nov 2013011,04588.853.74$41,289
Oct 2013013,04697.423.78$49,306
Sep 2013010,540104.113.72$39,185
Aug 201309,144104.253.52$32,211
Jul 201309,615102.523.72$35,746
Jun 201309,14494.403.93$35,967
May 2013010,17294.834.15$42,204
Apr 2013011,05693.964.28$47,348
Mar 2013010,50293.623.91$41,093
Feb 2013010,55391.233.42$36,090
Jan 2013012,64891.603.42$43,255
Dec 2012011,87986.773.42$40,628
Nov 2012026,61086.953.62$96,460
Oct 2012028,01189.383.40$95,228
Sep 2012033,12594.672.92$96,672
Aug 2012014,04992.662.91$40,857
Jul 2012034,53485.133.02$104,320
Jun 20120079.822.52$0
May 2012018,35291.612.49$45,666
Apr 20120451101.652.00$901
Mar 2012013,480105.052.22$29,954
Feb 2012012,521101.102.57$32,182
Jan 2012014,15798.092.73$38,706
Dec 2011013,89696.873.24$45,019
Nov 2011013,85195.723.31$45,865
Oct 2011013,50884.983.65$49,284
Sep 2011013,32383.623.99$53,103
Aug 2011013,77583.404.15$57,157
Jul 2011015,45394.144.52$69,805
Jun 2011016,00292.904.64$74,247
May 2011016,99398.134.40$74,851
Apr 2011017,218105.964.33$74,610
Mar 201106,88496.364.06$27,931
Feb 2011013,20285.644.18$55,184
Jan 2011018,14786.504.59$83,273
Dec 2010116,01985.734.35$69,732
Nov 2010118,44480.843.80$70,082
Oct 2010021,67178.103.51$76,041
Sep 2010020,81372.633.98$82,825
Aug 2010020,63373.684.42$91,185
Jul 2010021,00272.554.74$99,476
Jun 2010120,04470.364.91$98,494
May 2010120,77871.124.24$88,071
Apr 2010320,51781.694.12$84,830
Mar 2010121,33178.394.39$93,693
Feb 2010118,22673.585.44$99,266
Jan 2010022,74274.365.96$135,635
Dec 2009224,47071.445.48$134,330
Nov 2009224,87374.593.75$93,460
Oct 2009026,88372.544.11$110,496
Sep 2009226,47665.543.06$81,273
Aug 2009027,59467.423.22$88,811
Jul 2009029,74061.133.46$103,034
Jun 2009028,01066.163.90$109,099
May 2009032,28354.743.93$126,735
Apr 2009031,47046.773.59$112,899
Mar 2009034,28342.144.06$139,155
Feb 2009031,32232.814.63$145,115
Jan 2009037,67935.865.37$202,374
Dec 2008039,19037.105.98$234,244
Nov 2008040,83655.496.86$280,150
Oct 2008043,08775.246.92$298,247
Sep 2008045,996101.767.88$362,315
Aug 2008050,621114.228.48$429,419
Jul 2008051,876131.0811.39$590,838
Jun 2008055,354131.3313.03$721,408
May 2008045,359123.1711.57$524,998
Apr 2008066,728110.3110.45$697,632
Mar 2008679,990101.909.66$773,640
Feb 20081088,07692.538.77$773,403
Jan 2008086,75690.388.21$711,896
Dec 200701,65388.337.30$12,070

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                2,987 Mcf  × $  3.05 =     $9,098

────────────────────────────────────────────────────
Month total                                   $9,098

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/237416 is the state's own key, not one this site invented.