PILOT

Operated by STEPHENS & JOHNSON OPERATING CO. (P-5 817555) 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 238287District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.0 M
Sep 2007 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
225
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
CondensateDisposition345 bbl$31,660
GasProduction537,237 Mcf$2,987,828
Total$3,019,489

Every month this lease reported (225)

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

225 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 201802261.782.77$61
Jan 2018070462.874.01$2,823
Dec 2017048557.272.92$1,417
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 201703747.523.09$114
Aug 201706145.373.00$183
Jul 2017742343.873.09$3,317
Jun 2017043842.493.09$1,352
May 201702,56245.373.26$8,361
Apr 201703,43247.933.21$11,022
Mar 201704,98346.772.98$14,868
Feb 2017093650.452.95$2,764
Jan 2017082849.413.42$2,831
Dec 201601,66048.763.72$6,180
Nov 201602,59742.492.64$6,867
Oct 201603,63846.193.09$11,242
Sep 201603,90041.553.10$12,092
Aug 201603,70541.442.92$10,835
Jul 201604,48141.622.92$13,104
Jun 201603,98145.352.69$10,692
May 201604,03942.521.99$8,042
Apr 201603,93236.561.99$7,829
Mar 201604,69033.011.79$8,414
Feb 201605,10926.472.06$10,543
Jan 201605,85627.352.36$13,846
Dec 201505,48932.362.00$10,986
Nov 201505,35738.792.17$11,610
Oct 201506,16743.552.43$14,965
Sep 201503,11342.992.76$8,587
Aug 201504,30040.162.87$12,352
Jul 201505,60148.152.95$16,495
Jun 201503,26756.152.88$9,418
May 2015082955.212.96$2,450
Apr 2015052949.822.71$1,432
Mar 2015061342.892.93$1,799
Feb 201501,12044.662.98$3,333
Jan 201501,29643.433.10$4,018
Dec 201401,54054.693.59$5,531
Nov 2014047770.464.25$2,028
Oct 2014023178.303.90$901
Sep 2014014886.164.05$599
Aug 2014027189.394.04$1,094
Jul 2014025296.564.18$1,053
Jun 2014028098.164.74$1,326
May 2014036894.734.73$1,739
Apr 20141243595.944.81$3,243
Mar 2014043995.895.06$2,220
Feb 2014040797.406.19$2,520
Jan 2014058090.404.86$2,819
Dec 2013060291.824.35$2,621
Nov 2013085388.853.74$3,189
Oct 2013072997.423.78$2,755
Sep 201301,550104.113.72$5,763
Aug 201301,234104.253.52$4,347
Jul 201302,327102.523.72$8,651
Jun 201301,95394.403.93$7,682
May 201301,67194.834.15$6,933
Apr 201301,66893.964.28$7,143
Mar 201301,81193.623.91$7,086
Feb 201301,29091.233.42$4,412
Jan 201301,96891.603.42$6,730
Dec 201202,40686.773.42$8,229
Nov 201203,78986.953.62$13,735
Oct 20121378389.383.40$3,824
Sep 2012084394.672.92$2,460
Aug 2012076792.662.91$2,231
Jul 2012087285.133.02$2,634
Jun 2012167979.822.52$1,790
May 201202,73691.612.49$6,808
Apr 201204,739101.652.00$9,463
Mar 201202,070105.052.22$4,600
Feb 2012221,466101.102.57$5,992
Jan 201201,05698.092.73$2,887
Dec 201101,61396.873.24$5,226
Nov 201104,18095.723.31$13,841
Oct 201104,80984.983.65$17,546
Sep 201104,95083.623.99$19,730
Aug 201105,08483.404.15$21,095
Jul 201173,35794.144.52$15,823
Jun 201102,87692.904.64$13,344
May 201103,14498.134.40$13,849
Apr 201104,610105.964.33$19,976
Mar 201102,55796.364.06$10,375
Feb 2011055485.644.18$2,316
Jan 2011223,20386.504.59$16,601
Dec 201004,69185.734.35$20,395
Nov 201005,23480.843.80$19,865
Oct 201006,23278.103.51$21,867
Sep 201006,11972.633.98$24,350
Aug 2010516,08373.684.42$30,641
Jul 201006,23772.554.74$29,541
Jun 201006,31570.364.91$31,009
May 201006,41171.124.24$27,152
Apr 201006,20681.694.12$25,585
Mar 201006,11678.394.39$26,841
Feb 201005,61273.585.44$30,543
Jan 201004,91274.365.96$29,296
Dec 200906,05471.445.48$33,199
Nov 200906,26774.593.75$23,511
Oct 200904,62572.544.11$19,010
Sep 200906,32565.543.06$19,385
Aug 200905,12367.423.22$16,488
Jul 200905,26461.133.46$18,237
Jun 200906,44566.163.90$25,103
May 200904,59754.743.93$18,047
Apr 200906,06446.773.59$21,755
Mar 200906,64342.144.06$26,964
Feb 200908,16032.814.63$37,805
Jan 200908,07735.865.37$43,382
Dec 200807,89737.105.98$47,201
Nov 200828,39555.496.86$57,704
Oct 200809,37675.246.92$64,900
Sep 200807,660101.767.88$60,339
Aug 2008258,805114.228.48$77,548
Jul 2008010,018131.0811.39$114,099
Jun 20086210,676131.3313.03$147,279
May 20083214,096123.1711.57$167,093
Apr 20082216,857110.3110.45$178,664
Mar 2008014,019101.909.66$135,481
Feb 2008014,54792.538.77$127,586
Jan 2008020,77290.388.21$170,449
Dec 2007018,74988.337.30$136,905
Nov 2007025,17491.677.29$183,561
Oct 2007015,44182.856.92$106,882
Sep 200704,93675.846.24$30,821

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.

Feb 2018 — as filed, then multipliedworked
Condensate             0 bbl  × $ 61.78 =         $0
Gas                   22 Mcf  × $  2.77 =        $61

────────────────────────────────────────────────────
Month total                                      $61

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/238287 is the state's own key, not one this site invented.