SNODGRESS, RANDAL

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 237728District 09Field 65280200CondensateGasSaveExport
Value, all time
$12.3 M
May 2008 – May 2026
Value, last 12 filed months
$160 k
at the published price for each month
Months reported
217
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
CondensateDisposition32 bbl$2,321
GasProduction2,575,462 Mcf$12,294,719
Total$12,297,041

Every month this lease reported (217)

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

217 months

May 202603,065106.413.05$9,336
Apr 202603,21498.932.87$9,223
Mar 202603,80589.753.15$11,984
Feb 202602,93263.503.75$10,996
Jan 202601,46359.138.00$11,701
Dec 202503,83456.664.41$16,921
Nov 202503,99458.593.93$15,682
Oct 202504,68059.383.30$15,467
Sep 202504,52462.743.08$13,920
Aug 202504,63863.933.01$13,982
Jul 202504,82666.743.32$15,999
Jun 202504,71066.483.13$14,736
May 202504,43560.553.23$14,335
Apr 202504,04662.363.54$14,335
Mar 202504,34667.704.27$18,550
Feb 202534,18270.884.34$18,366
Jan 202524,50074.324.28$19,403
Dec 202464,55768.993.12$14,638
Nov 202444,36469.052.20$9,870
Oct 202404,18771.372.28$9,552
Sep 202444,20469.612.36$10,218
Aug 202444,41175.632.06$9,405
Jul 202404,92779.932.15$10,576
Jun 202455,09178.082.63$13,800
May 202404,77478.812.20$10,495
Apr 202404,71384.451.66$7,820
Mar 202404,79680.301.55$7,410
Feb 202404,46976.091.78$7,971
Jan 202405,12273.023.30$16,891
Dec 202324,57071.262.61$12,074
Nov 202324,35377.892.81$12,377
Oct 202304,23085.443.09$13,059
Sep 202304,41889.042.74$12,083
Aug 202304,62580.522.67$12,362
Jul 202304,32474.852.64$11,423
Jun 202304,14668.962.26$9,364
May 202304,41070.622.23$9,823
Apr 202304,17578.122.24$9,343
Mar 202304,44272.852.39$10,630
Feb 202303,93775.112.47$9,707
Jan 202304,64476.533.39$15,733
Dec 202204,68476.415.73$26,835
Nov 202204,32185.005.65$24,397
Oct 202204,70287.185.86$27,571
Sep 202204,75884.888.16$38,843
Aug 202204,20894.529.13$38,407
Jul 202204,423101.587.54$33,359
Jun 202205,241115.097.98$41,809
May 202205,506109.378.43$46,432
Apr 202205,319104.226.84$36,369
Mar 202205,545108.885.08$28,149
Feb 202204,87591.054.86$23,687
Jan 202205,47181.844.54$24,826
Dec 202105,49671.323.90$21,430
Nov 202105,59877.435.24$29,316
Oct 202105,52579.795.71$31,569
Sep 202104,64069.865.35$24,828
Aug 202105,17666.024.22$21,846
Jul 202105,51670.783.98$21,965
Jun 202105,54669.493.38$18,749
May 202105,79663.483.02$17,490
Apr 202105,60360.362.76$15,455
Mar 202105,86861.302.72$15,943
Feb 202102,98557.805.55$16,561
Jan 202106,28850.412.81$17,671
Dec 202006,21744.642.68$16,633
Nov 202006,15538.772.71$16,659
Oct 202006,33536.972.48$15,701
Sep 202006,13437.091.99$12,213
Aug 202006,36439.982.39$15,179
Jul 202006,48238.371.83$11,830
Jun 202005,86134.901.69$9,907
May 202005,77716.921.81$10,484
Apr 202005,53014.751.80$9,978
Mar 202004,99530.341.86$9,272
Feb 202004,09749.881.98$8,115
Jan 202006,02157.252.09$12,612
Dec 201905,28359.012.30$12,174
Nov 201905,84855.302.75$16,086
Oct 201903,51953.472.42$8,511
Sep 201903,21055.052.66$8,530
Aug 201907,18953.112.30$16,566
Jul 201907,69156.272.46$18,920
Jun 201907,49152.782.49$18,662
May 201908,00258.482.74$21,928
Apr 201907,59962.632.75$20,903
Mar 201907,81556.803.06$23,930
Feb 201907,58950.852.79$21,190
Jan 201908,52446.033.23$27,517
Dec 201808,56146.594.19$35,832
Nov 201808,26352.934.24$35,012
Oct 201808,66461.443.40$29,441
Sep 201808,44659.543.11$26,250
Aug 201808,72659.403.07$26,759
Jul 201809,11765.142.93$26,730
Jun 201808,77560.183.08$27,000
May 201808,79865.382.90$25,521
Apr 201809,16663.842.90$26,589
Mar 201809,68061.222.79$26,977
Feb 201808,60461.782.77$23,800
Jan 201808,22062.874.01$32,957
Dec 201709,41857.272.92$27,515
Nov 201709,64655.423.12$30,080
Oct 2017010,06549.292.98$30,031
Sep 201709,79147.523.09$30,228
Aug 2017010,49345.373.00$31,525
Jul 2017010,82243.873.09$33,411
Jun 2017010,55642.493.09$32,589
May 2017011,27945.373.26$36,808
Apr 2017010,85447.933.21$34,859
Mar 2017011,58946.772.98$34,578
Feb 2017010,70350.452.95$31,602
Jan 2017012,27949.413.42$41,979
Dec 2016012,47248.763.72$46,431
Nov 2016012,53642.492.64$33,150
Oct 2016013,68846.193.09$42,299
Sep 201605,90041.553.10$18,294
Aug 2016080041.442.92$2,339
Jul 201601,11641.622.92$3,264
Jun 201601,34145.352.69$3,602
May 201602,16542.521.99$4,311
Apr 201603,63736.561.99$7,241
Mar 2016011,30233.011.79$20,276
Feb 2016010,52526.472.06$21,720
Jan 2016011,52427.352.36$27,247
Dec 2015011,38432.362.00$22,784
Nov 2015010,88538.792.17$23,591
Oct 2015011,30443.552.43$27,430
Sep 2015010,94342.992.76$30,185
Aug 2015011,75840.162.87$33,775
Jul 2015012,04048.152.95$35,459
Jun 2015011,65856.152.88$33,608
May 2015012,38155.212.96$36,591
Apr 2015011,72349.822.71$31,729
Mar 2015012,17542.892.93$35,730
Feb 2015011,30044.662.98$33,631
Jan 2015012,92943.433.10$40,088
Dec 2014010,31854.693.59$37,056
Nov 2014012,83870.464.25$54,585
Oct 2014013,61278.303.90$53,100
Sep 2014013,45186.164.05$54,415
Aug 2014014,20889.394.04$57,331
Jul 2014014,64296.564.18$61,198
Jun 2014014,88098.164.74$70,485
May 2014015,84394.734.73$74,883
Apr 2014015,73595.944.81$75,672
Mar 2014013,10195.895.06$66,249
Feb 2014011,71797.406.19$72,552
Jan 2014013,37290.404.86$64,998
Dec 2013012,87691.824.35$56,068
Nov 2013013,47888.853.74$50,385
Oct 2013014,64397.423.78$55,341
Sep 2013013,278104.113.72$49,364
Aug 201305,826104.253.52$20,523
Jul 2013011,123102.523.72$41,352
Jun 2013014,50394.403.93$57,046
May 2013015,59094.834.15$64,684
Apr 2013016,44493.964.28$70,423
Mar 2013017,49893.623.91$68,467
Feb 2013014,83391.233.42$50,728
Jan 2013010,69791.603.42$36,583
Dec 201203,62086.773.42$12,381
Nov 201204,21186.953.62$15,265
Oct 201203,94689.383.40$13,415
Sep 201203,84794.672.92$11,227
Aug 201204,05192.662.91$11,781
Jul 201204,16985.133.02$12,594
Jun 201203,96679.822.52$9,991
May 201204,40091.612.49$10,949
Apr 201204,381101.652.00$8,748
Mar 201207,628105.052.22$16,950
Feb 2012013,535101.102.57$34,788
Jan 2012014,34398.092.73$39,215
Dec 2011013,35496.873.24$43,263
Nov 2011012,81895.723.31$42,444
Oct 2011013,29784.983.65$48,515
Sep 2011013,20683.623.99$52,636
Aug 2011013,33783.404.15$55,339
Jul 2011013,65394.144.52$61,674
Jun 2011014,03092.904.64$65,098
May 2011014,58698.134.40$64,249
Apr 2011014,315105.964.33$62,031
Mar 2011014,88096.364.06$60,373
Feb 2011013,91085.644.18$58,144
Jan 2011016,56286.504.59$75,999
Dec 2010016,65485.734.35$72,407
Nov 2010016,91280.843.80$64,187
Oct 2010017,81778.103.51$62,518
Sep 2010017,70972.633.98$70,472
Aug 2010017,63173.684.42$77,918
Jul 2010019,23272.554.74$91,092
Jun 2010019,14070.364.91$93,985
May 2010020,42871.124.24$86,517
Apr 2010020,19981.694.12$83,274
Mar 201007,43878.394.39$32,643
Feb 2010016,23573.585.44$88,357
Jan 2010026,04774.365.96$155,347
Dec 2009029,29471.445.48$160,641
Nov 2009026,86874.593.75$100,795
Oct 2009028,79372.544.11$118,346
Sep 2009027,24065.543.06$83,484
Aug 2009028,01667.423.22$90,170
Jul 2009031,36261.133.46$108,654
Jun 2009029,84366.163.90$116,238
May 2009035,24554.743.93$138,363
Apr 2009035,69246.773.59$128,045
Mar 2009040,47142.144.06$164,272
Feb 2009039,32632.814.63$182,197
Jan 2009047,51635.865.37$255,208
Dec 2008051,41537.105.98$307,315
Nov 2008055,18655.496.86$378,596
Oct 2008058,88775.246.92$407,615
Sep 2008040,557101.767.88$319,471
Aug 2008081,231114.228.48$689,084
Jul 2008093,285131.0811.39$1,062,463
Jun 2008098,066131.3313.03$1,278,058
May 200809,274123.1711.57$107,340

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                3,065 Mcf  × $  3.05 =     $9,336

────────────────────────────────────────────────────
Month total                                   $9,336

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/237728 is the state's own key, not one this site invented.