MILFORD INVESTMENTS UNIT

Operated by UPP OPERATING, LLC (P-5 875310) 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 238026District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.8 M
Aug 2007 – May 2026
Value, last 12 filed months
$81 k
at the published price for each month
Months reported
226
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
CondensateDisposition6 bbl$472
GasProduction1,493,915 Mcf$7,771,419
Total$7,771,891

Every month this lease reported (226)

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

226 months

May 202602,211106.413.05$6,734
Apr 202612,19998.932.87$6,409
Mar 202612,20789.753.15$7,041
Feb 202612,13663.503.75$8,074
Jan 202602,49359.138.00$19,939
Dec 202502,56856.664.41$11,334
Nov 202502,63558.593.93$10,346
Oct 202502,92959.383.30$9,680
Sep 2025030362.743.08$932
Aug 202501163.933.01$33
Jul 20250066.743.32$0
Jun 202501766.483.13$53
May 2025023260.553.23$750
Apr 202501,68562.363.54$5,970
Mar 202512,30767.704.27$9,915
Feb 202502,01970.884.34$8,764
Jan 202502,23674.324.28$9,567
Dec 202402,24968.993.12$7,020
Nov 202402,13869.052.20$4,700
Oct 202402,18371.372.28$4,980
Sep 202402,11269.612.36$4,994
Aug 20240075.632.06$0
Jul 202402,36779.932.15$5,081
Jun 202402,34678.082.63$6,179
May 202412,45378.812.20$5,472
Apr 202402,09284.451.66$3,471
Mar 202402,52180.301.55$3,895
Feb 202402,23376.091.78$3,983
Jan 202402,96273.023.30$9,768
Dec 202302,84171.262.61$7,417
Nov 202302,54177.892.81$7,134
Oct 202302,60985.443.09$8,055
Sep 202302,48289.042.74$6,788
Aug 202302,40780.522.67$6,434
Jul 202302,54974.852.64$6,734
Jun 202302,77468.962.26$6,265
May 202302,89270.622.23$6,442
Apr 202302,80078.122.24$6,266
Mar 202312,94672.852.39$7,123
Feb 202302,63875.112.47$6,504
Jan 202303,05176.533.39$10,336
Dec 202203,07276.415.73$17,600
Nov 202203,06285.005.65$17,289
Oct 202203,18687.185.86$18,682
Sep 202203,00484.888.16$24,524
Aug 202203,13494.529.13$28,605
Jul 202203,125101.587.54$23,569
Jun 202203,186115.097.98$25,415
May 202203,145109.378.43$26,522
Apr 202202,891104.226.84$19,768
Mar 202203,358108.885.08$17,047
Feb 202202,84591.054.86$13,823
Jan 202203,27281.844.54$14,847
Dec 202103,19371.323.90$12,450
Nov 202103,31377.435.24$17,350
Oct 202103,48379.795.71$19,901
Sep 202103,39969.865.35$18,188
Aug 202103,51566.024.22$14,835
Jul 202103,46170.783.98$13,782
Jun 202103,35369.493.38$11,335
May 202103,46263.483.02$10,447
Apr 202103,19160.362.76$8,802
Mar 202103,33461.302.72$9,058
Feb 202102,52057.805.55$13,981
Jan 202103,29650.412.81$9,263
Dec 202003,25544.642.68$8,709
Nov 202003,07238.772.71$8,315
Oct 202003,20036.972.48$7,931
Sep 202003,13637.091.99$6,244
Aug 202003,31639.982.39$7,909
Jul 202003,26138.371.83$5,952
Jun 202003,08134.901.69$5,208
May 202003,28916.921.81$5,969
Apr 202003,16914.751.80$5,718
Mar 202003,34830.341.86$6,215
Feb 202003,14549.881.98$6,229
Jan 202003,39757.252.09$7,116
Dec 201903,34059.012.30$7,697
Nov 201903,11155.302.75$8,557
Oct 201903,45653.472.42$8,358
Sep 201903,34355.052.66$8,883
Aug 201903,51953.112.30$8,109
Jul 201903,47556.272.46$8,549
Jun 201903,39452.782.49$8,455
May 201903,65658.482.74$10,019
Apr 201903,71162.632.75$10,208
Mar 201903,82956.803.06$11,725
Feb 201903,47650.852.79$9,706
Jan 201903,79746.033.23$12,257
Dec 201803,87546.594.19$16,219
Nov 201803,45352.934.24$14,631
Oct 201803,55861.443.40$12,090
Sep 201803,45459.543.11$10,735
Aug 201803,55259.403.07$10,892
Jul 201803,65765.142.93$10,722
Jun 201803,85860.183.08$11,871
May 201803,90765.382.90$11,333
Apr 201803,53963.842.90$10,266
Mar 201803,74061.222.79$10,423
Feb 201803,23261.782.77$8,940
Jan 201803,75862.874.01$15,067
Dec 201703,96257.272.92$11,575
Nov 201703,92955.423.12$12,252
Oct 201704,09849.292.98$12,227
Sep 201703,87947.523.09$11,976
Aug 201704,10745.373.00$12,339
Jul 201702,68143.873.09$8,277
Jun 201703,08442.493.09$9,521
May 201703,05145.373.26$9,957
Apr 201703,45847.933.21$11,106
Mar 201703,67146.772.98$10,953
Feb 201702,72850.452.95$8,055
Jan 201703,21949.413.42$11,005
Dec 201602,91448.763.72$10,848
Nov 201604,30142.492.64$11,373
Oct 201604,32246.193.09$13,356
Sep 201604,26441.553.10$13,221
Aug 201604,41141.442.92$12,899
Jul 201604,33141.622.92$12,665
Jun 201604,03245.352.69$10,829
May 201604,10142.521.99$8,165
Apr 201604,42936.561.99$8,818
Mar 201604,42933.011.79$7,946
Feb 201604,08426.472.06$8,428
Jan 201603,92927.352.36$9,290
Dec 201503,82032.362.00$7,645
Nov 201503,57938.792.17$7,757
Oct 201504,00643.552.43$9,721
Sep 201503,24542.992.76$8,951
Aug 201504,08140.162.87$11,723
Jul 201503,70048.152.95$10,897
Jun 201504,16856.152.88$12,016
May 201504,67155.212.96$13,805
Apr 201504,53249.822.71$12,266
Mar 201504,80042.892.93$14,087
Feb 201504,21744.662.98$12,551
Jan 201504,61043.433.10$14,294
Dec 201404,76954.693.59$17,127
Nov 201404,53070.464.25$19,261
Oct 201404,94778.303.90$19,298
Sep 201404,42186.164.05$17,885
Aug 201404,97589.394.04$20,075
Jul 201403,25696.564.18$13,609
Jun 201404,20398.164.74$19,909
May 201403,70994.734.73$17,531
Apr 201404,79395.944.81$23,050
Mar 201404,91695.895.06$24,859
Feb 201404,59897.406.19$28,471
Jan 201405,89590.404.86$28,654
Dec 201305,95491.824.35$25,927
Nov 201305,86788.853.74$21,932
Oct 201306,37397.423.78$24,086
Sep 201305,995104.113.72$22,288
Aug 201306,378104.253.52$22,467
Jul 201306,400102.523.72$23,794
Jun 201306,10494.403.93$24,010
May 201305,67694.834.15$23,550
Apr 201306,37293.964.28$27,289
Mar 201306,69593.623.91$26,197
Feb 201306,08491.233.42$20,807
Jan 201306,75691.603.42$23,105
Dec 201205,13986.773.42$17,576
Nov 201204,53986.953.62$16,454
Oct 201206,10789.383.40$20,762
Sep 201205,20494.672.92$15,187
Aug 201205,22192.662.91$15,184
Jul 201205,73885.133.02$17,333
Jun 201205,32379.822.52$13,409
May 201205,93691.612.49$14,771
Apr 201206,758101.652.00$13,494
Mar 201207,031105.052.22$15,623
Feb 201206,766101.102.57$17,390
Jan 201207,80598.092.73$21,339
Dec 201107,73396.873.24$25,053
Nov 201107,58695.723.31$25,119
Oct 201108,15084.983.65$29,736
Sep 201107,13483.623.99$28,435
Aug 201104,71983.404.15$19,581
Jul 201104,62194.144.52$20,874
Jun 201105,24092.904.64$24,313
May 201107,71198.134.40$33,966
Apr 201107,531105.964.33$32,634
Mar 201107,87596.364.06$31,952
Feb 201107,63785.644.18$31,923
Jan 201109,74786.504.59$44,727
Dec 201006,94485.734.35$30,191
Nov 201005,38080.843.80$20,419
Oct 201006,75378.103.51$23,696
Sep 201009,82372.633.98$39,090
Aug 201009,76073.684.42$43,133
Jul 2010010,34672.554.74$49,004
Jun 2010011,75270.364.91$57,707
May 2010012,22371.124.24$51,767
Apr 2010011,90181.694.12$49,064
Mar 2010013,88478.394.39$60,932
Feb 201005,85873.585.44$31,881
Jan 2010012,33074.365.96$73,537
Dec 2009013,40071.445.48$73,482
Nov 2009013,16974.593.75$49,404
Oct 2009014,65472.544.11$60,232
Sep 2009013,05065.543.06$39,995
Aug 2009015,18267.423.22$48,863
Jul 2009015,58061.133.46$53,977
Jun 2009015,67166.163.90$61,039
May 2009016,78754.743.93$65,902
Apr 2009016,14946.773.59$57,935
Mar 2009017,62242.144.06$71,528
Feb 2009017,06032.814.63$79,039
Jan 2009020,06435.865.37$107,764
Dec 2008020,38637.105.98$121,850
Nov 2008010,59555.496.86$72,686
Oct 2008018,50375.246.92$128,077
Sep 2008020,249101.767.88$159,503
Aug 2008022,809114.228.48$193,489
Jul 2008024,337131.0811.39$277,185
Jun 2008024,258131.3313.03$316,146
May 2008028,176123.1711.57$326,117
Apr 2008030,396110.3110.45$317,786
Mar 2008034,267101.909.66$331,159
Feb 2008035,89192.538.77$314,785
Jan 2008044,35490.388.21$363,957
Dec 2007051,62888.337.30$376,986
Nov 2007016,40591.677.29$119,620
Oct 20070082.856.92$0
Sep 2007057,01675.846.24$356,017
Aug 2007034,01069.066.39$217,254

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                2,211 Mcf  × $  3.05 =     $6,734

────────────────────────────────────────────────────
Month total                                   $6,734

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/238026 is the state's own key, not one this site invented.