VEALE RANCH

Operated by BKV BARNETT, LLC (P-5 72504) 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 237479District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.6 M
Jan 2008 – May 2026
Value, last 12 filed months
$141 k
at the published price for each month
Months reported
221
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
CondensateDisposition5,110 bbl$404,338
GasProduction1,502,157 Mcf$7,165,968
Total$7,570,307

Every month this lease reported (221)

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

221 months

May 202603,120106.413.05$9,503
Apr 202603,00998.932.87$8,635
Mar 202603,27889.753.15$10,324
Feb 2026202,91563.503.75$12,202
Jan 202603,16959.138.00$25,345
Dec 202503,07656.664.41$13,576
Nov 202502,88158.593.93$11,312
Oct 202503,14459.383.30$10,390
Sep 202503,01562.743.08$9,277
Aug 202503,02663.933.01$9,123
Jul 202503,39966.743.32$11,268
Jun 202503,17466.483.13$9,931
May 202503,06960.553.23$9,920
Apr 2025323,07862.363.54$12,901
Mar 202503,26767.704.27$13,945
Feb 202503,03470.884.34$13,170
Jan 202503,34374.324.28$14,304
Dec 202403,32968.993.12$10,391
Nov 202403,01869.052.20$6,635
Oct 202403,06071.372.28$6,981
Sep 2024393,06769.612.36$9,966
Aug 202403,09975.632.06$6,395
Jul 202403,18379.932.15$6,833
Jun 202403,17778.082.63$8,368
May 202403,44678.812.20$7,576
Apr 202403,46984.451.66$5,756
Mar 202403,58080.301.55$5,532
Feb 202403,09176.091.78$5,513
Jan 202403,18973.023.30$10,516
Dec 202303,27871.262.61$8,558
Nov 202303,17877.892.81$8,922
Oct 202303,38985.443.09$10,463
Sep 202313,47489.042.74$9,591
Aug 2023283,32580.522.67$11,142
Jul 202302,49074.852.64$6,578
Jun 202302,79068.962.26$6,301
May 202302,71470.622.23$6,045
Apr 202302,91978.122.24$6,532
Mar 202303,02472.852.39$7,237
Feb 202302,64075.112.47$6,509
Jan 202303,13076.533.39$10,604
Dec 202203,23076.415.73$18,505
Nov 202203,17085.005.65$17,898
Oct 202203,62087.185.86$21,227
Sep 202203,40784.888.16$27,814
Aug 202203,36694.529.13$30,722
Jul 202203,477101.587.54$26,224
Jun 202203,467115.097.98$27,657
May 202203,634109.378.43$30,646
Apr 202203,763104.226.84$25,730
Mar 202203,892108.885.08$19,757
Feb 202233,61591.054.86$17,838
Jan 2022233,93081.844.54$19,715
Dec 202104,06471.323.90$15,846
Nov 202103,93077.435.24$20,581
Oct 202103,98479.795.71$22,764
Sep 202103,90669.865.35$20,901
Aug 202103,84366.024.22$16,220
Jul 202123,86370.783.98$15,524
Jun 2021463,91469.493.38$16,428
May 202104,09463.483.02$12,354
Apr 202104,10360.362.76$11,318
Mar 202114,10161.302.72$11,203
Feb 2021123,65157.805.55$20,949
Jan 202103,95250.412.81$11,106
Dec 202004,15744.642.68$11,122
Nov 202014,20438.772.71$11,417
Oct 2020134,36936.972.48$11,309
Sep 202004,08437.091.99$8,131
Aug 202004,28439.982.39$10,218
Jul 202014,37138.371.83$8,016
Jun 2020394,23434.901.69$8,518
May 202004,49516.921.81$8,157
Apr 202004,17414.751.80$7,531
Mar 202004,36730.341.86$8,106
Feb 202004,14349.881.98$8,206
Jan 202014,75357.252.09$10,014
Dec 2019154,93459.012.30$12,255
Nov 201904,30055.302.75$11,828
Oct 201914,54853.472.42$11,053
Sep 2019474,12855.052.66$13,557
Aug 201904,17653.112.30$9,623
Jul 201904,34456.272.46$10,687
Jun 201904,22952.782.49$10,535
May 201904,42658.482.74$12,129
Apr 201904,56662.632.75$12,560
Mar 201905,00356.803.06$15,320
Feb 201904,16950.852.79$11,641
Jan 201914,80846.033.23$15,567
Dec 201805,03146.594.19$21,057
Nov 2018124,52952.934.24$19,826
Oct 201804,70961.443.40$16,002
Sep 201804,61259.543.11$14,334
Aug 201804,87859.403.07$14,959
Jul 201805,18965.142.93$15,214
Jun 201802,65960.183.08$8,182
May 201804,98465.382.90$14,458
Apr 201804,74663.842.90$13,767
Mar 2018584,88361.222.79$17,159
Feb 201804,54161.782.77$12,561
Jan 201804,99162.874.01$20,011
Dec 201705,01457.272.92$14,649
Nov 201704,95555.423.12$15,451
Oct 201705,13649.292.98$15,324
Sep 201705,09347.523.09$15,724
Aug 2017695,26345.373.00$18,943
Jul 201705,37443.873.09$16,591
Jun 201705,25842.493.09$16,233
May 201705,53045.373.26$18,047
Apr 201705,30747.933.21$17,044
Mar 201705,55346.772.98$16,568
Feb 201705,05550.452.95$14,925
Jan 2017385,61149.413.42$21,060
Dec 201606,75348.763.72$25,140
Nov 2016896,72342.492.64$21,560
Oct 201606,74846.193.09$20,853
Sep 201606,46941.553.10$20,058
Aug 201606,62641.442.92$19,377
Jul 201606,47741.622.92$18,941
Jun 201605,19145.352.69$13,942
May 2016415,33542.521.99$12,366
Apr 201605,19736.561.99$10,347
Mar 2016606,04033.011.79$12,816
Feb 201605,75826.472.06$11,882
Jan 201606,19227.352.36$14,640
Dec 201506,15232.362.00$12,313
Nov 201506,05338.792.17$13,119
Oct 2015476,55043.552.43$17,941
Sep 201506,18042.992.76$17,047
Aug 201506,23140.162.87$17,898
Jul 201506,50148.152.95$19,146
Jun 201506,40256.152.88$18,456
May 201506,59055.212.96$19,476
Apr 2015246,54949.822.71$18,921
Mar 2015326,59242.892.93$20,718
Feb 201506,11544.662.98$18,199
Jan 201506,69943.433.10$20,771
Dec 20141237,11554.693.59$32,279
Nov 201406,76270.464.25$28,751
Oct 201407,06278.303.90$27,549
Sep 2014616,77386.164.05$32,656
Aug 201406,93589.394.04$27,984
Jul 201406,86796.564.18$28,701
Jun 20141056,78898.164.74$42,461
May 201407,36094.734.73$34,787
Apr 201407,00295.944.81$33,673
Mar 201407,41095.895.06$37,471
Feb 201466,78097.406.19$42,566
Jan 201407,38690.404.86$35,901
Dec 2013457,72791.824.35$37,779
Nov 2013997,47188.853.74$36,725
Oct 201307,51997.423.78$28,417
Sep 20131167,508104.113.72$39,990
Aug 201307,700104.253.52$27,124
Jul 201307,878102.523.72$29,288
Jun 2013917,48494.403.93$38,028
May 201307,28494.834.15$30,222
Apr 2013697,17793.964.28$37,219
Mar 2013947,74193.623.91$39,090
Feb 2013506,69591.233.42$27,458
Jan 201307,06991.603.42$24,175
Dec 201207,59986.773.42$25,990
Nov 201206,27586.953.62$22,747
Oct 201206,61289.383.40$22,479
Sep 201206,31294.672.92$18,421
Aug 201205,77392.662.91$16,789
Jul 201206,26485.133.02$18,922
Jun 201205,53279.822.52$13,935
May 201205,41791.612.49$13,479
Apr 201203,798101.652.00$7,584
Mar 201204,389105.052.22$9,753
Feb 201202,414101.102.57$6,205
Jan 201203,01098.092.73$8,230
Dec 201102,92696.873.24$9,479
Nov 201101,05495.723.31$3,490
Oct 20110084.983.65$0
Sep 2011234,72383.623.99$20,748
Aug 201119110,42783.404.15$59,194
Jul 2011010,53094.144.52$47,567
Jun 201109,47492.904.64$43,958
May 20111859,80598.134.40$61,343
Apr 201109,424105.964.33$40,837
Mar 201109,24396.364.06$37,502
Feb 201108,93385.644.18$37,340
Jan 20111969,84486.504.59$62,126
Dec 2010010,06285.734.35$43,747
Nov 201009,90480.843.80$37,589
Oct 201018710,35478.103.51$50,936
Sep 2010010,87772.633.98$43,285
Aug 2010010,20273.684.42$45,086
Jul 2010010,32672.554.74$48,909
Jun 20101709,67170.364.91$59,450
May 201009,78171.124.24$41,425
Apr 201009,23981.694.12$38,090
Mar 201017910,83678.394.39$61,587
Feb 201009,85473.585.44$53,629
Jan 20108613,33974.365.96$85,950
Dec 200919417,25771.445.48$108,492
Nov 2009016,05074.593.75$60,212
Oct 2009016,41472.544.11$67,466
Sep 200916014,63765.543.06$55,345
Aug 2009013,30667.423.22$42,825
Jul 2009013,10861.133.46$45,413
Jun 200918913,76066.163.90$66,099
May 200907554.743.93$294
Apr 2009014,38946.773.59$51,621
Mar 200919516,19742.144.06$73,961
Feb 2009015,38732.814.63$71,288
Jan 2009017,69635.865.37$95,045
Dec 200815517,94337.105.98$112,998
Nov 200819018,28155.496.86$135,957
Oct 200817019,76575.246.92$149,604
Sep 2008019,831101.767.88$156,211
Aug 2008021,707114.228.48$184,141
Jul 200828223,084131.0811.39$299,878
Jun 2008024,511131.3313.03$319,443
May 200817426,847123.1711.57$332,167
Apr 200819028,463110.3110.45$318,536
Mar 200818835,006101.909.66$357,458
Feb 200815135,44792.538.77$324,863
Jan 2008022,95890.388.21$188,387

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                3,120 Mcf  × $  3.05 =     $9,503

────────────────────────────────────────────────────
Month total                                   $9,503

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/237479 is the state's own key, not one this site invented.