RIDDLE

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 237703District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.1 M
Jan 2008 – May 2026
Value, last 12 filed months
$87 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
CondensateDisposition3 bbl$183
GasProduction824,179 Mcf$4,090,040
Total$4,090,223

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 202601,901106.413.05$5,790
Apr 202601,87998.932.87$5,392
Mar 202601,94489.753.15$6,123
Feb 202601,78663.503.75$6,698
Jan 202601,76759.138.00$14,132
Dec 202502,06056.664.41$9,092
Nov 202502,10058.593.93$8,246
Oct 202501,92459.383.30$6,359
Sep 202501,87662.743.08$5,772
Aug 202502,11063.933.01$6,361
Jul 202502,05966.743.32$6,826
Jun 202501,96266.483.13$6,139
May 202502,02460.553.23$6,542
Apr 202501,95762.363.54$6,934
Mar 202501,84267.704.27$7,862
Feb 202501,75370.884.34$7,609
Jan 202501,98874.324.28$8,506
Dec 202401,98068.993.12$6,180
Nov 2024026469.052.20$580
Oct 202402,05371.372.28$4,684
Sep 202402,02769.612.36$4,793
Aug 202402,01975.632.06$4,166
Jul 202402,12079.932.15$4,551
Jun 202402,03378.082.63$5,355
May 202401,89178.812.20$4,157
Apr 202401,47084.451.66$2,439
Mar 202401,27480.301.55$1,969
Feb 2024054976.091.78$979
Jan 202401,49073.023.30$4,914
Dec 202301,68771.262.61$4,404
Nov 202301,61877.892.81$4,543
Oct 202301,52385.443.09$4,702
Sep 202301,38089.042.74$3,774
Aug 202301,60380.522.67$4,285
Jul 202301,66074.852.64$4,385
Jun 2023097768.962.26$2,207
May 202301,63170.622.23$3,633
Apr 202301,60978.122.24$3,601
Mar 202301,71472.852.39$4,102
Feb 202301,44075.112.47$3,551
Jan 202301,78876.533.39$6,057
Dec 202201,85876.415.73$10,645
Nov 202201,86085.005.65$10,502
Oct 202201,37387.185.86$8,051
Sep 202201,94284.888.16$15,854
Aug 202201,57294.529.13$14,348
Jul 202201,810101.587.54$13,651
Jun 202201,384115.097.98$11,040
May 202202,134109.378.43$17,996
Apr 202202,213104.226.84$15,132
Mar 202201,940108.885.08$9,848
Feb 202201,87891.054.86$9,125
Jan 202202,05681.844.54$9,329
Dec 202101,82471.323.90$7,112
Nov 202101,97777.435.24$10,353
Oct 202102,28579.795.71$13,056
Sep 202101,94169.865.35$10,386
Aug 202102,13966.024.22$9,028
Jul 202102,06770.783.98$8,231
Jun 202101,98369.493.38$6,704
May 202102,08263.483.02$6,283
Apr 202102,03660.362.76$5,616
Mar 202102,27961.302.72$6,192
Feb 202101,70057.805.55$9,432
Jan 202102,31950.412.81$6,517
Dec 202002,29344.642.68$6,135
Nov 202001,97638.772.71$5,348
Oct 202001,99336.972.48$4,940
Sep 202001,97837.091.99$3,938
Aug 202002,06539.982.39$4,925
Jul 202002,06238.371.83$3,763
Jun 202001,89834.901.69$3,208
May 202001,96516.921.81$3,566
Apr 202001,96114.751.80$3,538
Mar 202002,07230.341.86$3,846
Feb 202001,96949.881.98$3,900
Jan 202002,17757.252.09$4,560
Dec 201902,10059.012.30$4,839
Nov 201902,26455.302.75$6,228
Oct 201902,17853.472.42$5,268
Sep 201902,27455.052.66$6,043
Aug 201902,20253.112.30$5,074
Jul 201902,30256.272.46$5,663
Jun 201901,66052.782.49$4,135
May 201902,72358.482.74$7,462
Apr 201902,72962.632.75$7,507
Mar 201902,71256.803.06$8,304
Feb 201902,54550.852.79$7,106
Jan 201903,00046.033.23$9,685
Dec 201803,37646.594.19$14,130
Nov 201802,90852.934.24$12,322
Oct 201801,97561.443.40$6,711
Sep 201802,31859.543.11$7,204
Aug 201802,29059.403.07$7,022
Jul 201802,36665.142.93$6,937
Jun 201802,43160.183.08$7,480
May 201802,89965.382.90$8,409
Apr 201802,83063.842.90$8,209
Mar 201803,08061.222.79$8,583
Feb 201803,11961.782.77$8,628
Jan 201803,45762.874.01$13,860
Dec 201703,42357.272.92$10,000
Nov 201703,28055.423.12$10,228
Oct 201701,77049.292.98$5,281
Sep 201701,19547.523.09$3,689
Aug 2017063645.373.00$1,911
Jul 201701,03443.873.09$3,192
Jun 201701,37842.493.09$4,254
May 201701,53245.373.26$5,000
Apr 201701,40447.933.21$4,509
Mar 201701,93346.772.98$5,767
Feb 201711,92750.452.95$5,740
Jan 201702,20449.413.42$7,535
Dec 2016057048.763.72$2,122
Nov 201611,05242.492.64$2,824
Oct 201602,27046.193.09$7,015
Sep 201601,96041.553.10$6,077
Aug 201602,00841.442.92$5,872
Jul 201602,03241.622.92$5,942
Jun 201602,16945.352.69$5,826
May 201602,07642.521.99$4,133
Apr 201602,04836.561.99$4,078
Mar 201602,33933.011.79$4,196
Feb 201602,11926.472.06$4,373
Jan 201602,41827.352.36$5,717
Dec 201502,81832.362.00$5,640
Nov 201502,96938.792.17$6,435
Oct 201503,32543.552.43$8,068
Sep 201502,31542.992.76$6,386
Aug 201503,23140.162.87$9,281
Jul 201503,13448.152.95$9,230
Jun 201503,55056.152.88$10,234
May 201503,55655.212.96$10,510
Apr 201503,33149.822.71$9,016
Mar 201503,45242.892.93$10,131
Feb 201503,04244.662.98$9,054
Jan 201503,82543.433.10$11,860
Dec 201404,02054.693.59$14,437
Nov 201403,81470.464.25$16,217
Oct 201403,64178.303.90$14,203
Sep 201403,84286.164.05$15,543
Aug 201404,18489.394.04$16,883
Jul 201404,63296.564.18$19,360
Jun 201404,65598.164.74$22,050
May 201404,88394.734.73$23,080
Apr 201404,35495.944.81$20,939
Mar 201404,38295.895.06$22,159
Feb 201403,66797.406.19$22,706
Jan 201404,11290.404.86$19,987
Dec 201301,08491.824.35$4,720
Nov 201301,94588.853.74$7,271
Oct 20130097.423.78$0
Sep 2013015104.113.72$56
Aug 20130145104.253.52$511
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120694.672.92$18
Aug 201205,28392.662.91$15,364
Jul 201205,30785.133.02$16,031
Jun 201205,57379.822.52$14,039
May 201205,78191.612.49$14,385
Apr 201205,831101.652.00$11,643
Mar 201206,015105.052.22$13,366
Feb 201205,647101.102.57$14,514
Jan 201206,34498.092.73$17,345
Dec 201106,27196.873.24$20,316
Nov 201105,97695.723.31$19,788
Oct 201106,33684.983.65$23,117
Sep 201106,35083.623.99$25,310
Aug 201106,75083.404.15$28,008
Jul 201106,89194.144.52$31,128
Jun 201106,63792.904.64$30,795
May 201107,08898.134.40$31,221
Apr 201107,071105.964.33$30,641
Mar 201107,26196.364.06$29,460
Feb 201105,95785.644.18$24,900
Jan 201106,67086.504.59$30,607
Dec 201006,68385.734.35$29,056
Nov 201005,50380.843.80$20,886
Oct 201005,55578.103.51$19,492
Sep 201005,82272.633.98$23,168
Aug 201008,01673.684.42$35,426
Jul 201007,74972.554.74$36,703
Jun 201007,43770.364.91$36,519
May 201008,14071.124.24$34,475
Apr 201008,09681.694.12$33,377
Mar 201008,37278.394.39$36,742
Feb 201007,99273.585.44$43,495
Jan 201008,87974.365.96$52,955
Dec 200908,34171.445.48$45,740
Nov 200907,48374.593.75$28,072
Oct 200909,60772.544.11$39,487
Sep 200909,22565.543.06$28,272
Aug 2009010,25267.423.22$32,996
Jul 2009010,37761.133.46$35,951
Jun 2009010,09766.163.90$39,328
May 2009010,34554.743.93$40,612
Apr 200909,28646.773.59$33,314
Mar 200905,33342.144.06$21,647
Feb 200903,23832.814.63$15,002
Jan 200901,54135.865.37$8,277
Dec 200803,30537.105.98$19,754
Nov 200802,40155.496.86$16,472
Oct 200805,50175.246.92$38,078
Sep 200803,069101.767.88$24,175
Aug 200807,991114.228.48$67,788
Jul 2008013,894131.0811.39$158,245
Jun 2008014,261131.3313.03$185,858
May 2008020,480123.1711.57$237,041
Apr 2008021,392110.3110.45$223,650
Mar 2008024,596101.909.66$237,697
Feb 2008025,88392.538.77$227,009
Jan 2008132,76190.388.21$268,918

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                1,901 Mcf  × $  3.05 =     $5,790

────────────────────────────────────────────────────
Month total                                   $5,790

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/237703 is the state's own key, not one this site invented.