NICKELSON, GARY

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 238479District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.7 M
Feb 2008 – May 2026
Value, last 12 filed months
$128 k
at the published price for each month
Months reported
220
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
CondensateDisposition42 bbl$2,986
GasProduction1,304,752 Mcf$6,680,902
Total$6,683,888

Every month this lease reported (220)

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

220 months

May 202602,589106.413.05$7,886
Apr 202602,73198.932.87$7,837
Mar 202602,88289.753.15$9,077
Feb 202602,59063.503.75$9,713
Jan 202602,80459.138.00$22,426
Dec 202502,90656.664.41$12,825
Nov 202502,88658.593.93$11,332
Oct 202503,06259.383.30$10,119
Sep 202503,01462.743.08$9,274
Aug 202503,16963.933.01$9,554
Jul 202502,58366.743.32$8,563
Jun 202502,91866.483.13$9,130
May 202502,87160.553.23$9,280
Apr 202503,18262.363.54$11,274
Mar 202502,98267.704.27$12,728
Feb 202562,02370.884.34$9,207
Jan 202552,28074.324.28$10,127
Dec 2024122,97568.993.12$10,114
Nov 202463,02169.052.20$7,056
Oct 202403,15971.372.28$7,207
Sep 202463,33169.612.36$8,293
Aug 202473,58375.632.06$7,923
Jul 202402,08079.932.15$4,465
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 20230271.262.61$5
Nov 202301,55877.892.81$4,374
Oct 202302,25185.443.09$6,949
Sep 202302,07589.042.74$5,675
Aug 202302,07780.522.67$5,552
Jul 202302,47274.852.64$6,531
Jun 202302,58768.962.26$5,843
May 202302,77570.622.23$6,181
Apr 202302,87778.122.24$6,438
Mar 202303,01872.852.39$7,223
Feb 202302,75375.112.47$6,788
Jan 202302,93676.533.39$9,946
Dec 202203,35976.415.73$19,244
Nov 202203,43785.005.65$19,406
Oct 202203,53087.185.86$20,699
Sep 202203,52984.888.16$28,810
Aug 202203,49294.529.13$31,872
Jul 202203,482101.587.54$26,262
Jun 202203,298115.097.98$26,309
May 202203,563109.378.43$30,047
Apr 202203,419104.226.84$23,378
Mar 202203,684108.885.08$18,701
Feb 202203,27791.054.86$15,922
Jan 202203,78681.844.54$17,180
Dec 202104,13271.323.90$16,111
Nov 202104,01677.435.24$21,031
Oct 202103,83379.795.71$21,901
Sep 202103,31169.865.35$17,717
Aug 202104,66066.024.22$19,668
Jul 202105,31870.783.98$21,177
Jun 202105,33869.493.38$18,046
May 202105,61663.483.02$16,947
Apr 202105,56360.362.76$15,345
Mar 202106,03261.302.72$16,389
Feb 202104,59157.805.55$25,471
Jan 202105,98150.412.81$16,808
Dec 202006,10844.642.68$16,342
Nov 202005,86738.772.71$15,879
Oct 202006,76636.972.48$16,769
Sep 202006,47637.091.99$12,894
Aug 202006,99239.982.39$16,677
Jul 202007,05138.371.83$12,869
Jun 202006,31034.901.69$10,666
May 202006,60316.921.81$11,983
Apr 202007,23314.751.80$13,051
Mar 202007,38030.341.86$13,699
Feb 202007,41749.881.98$14,691
Jan 202007,81057.252.09$16,360
Dec 201907,28659.012.30$16,790
Nov 201905,64555.302.75$15,528
Oct 201906,19453.472.42$14,980
Sep 201905,86255.052.66$15,577
Aug 201906,77353.112.30$15,607
Jul 201907,07256.272.46$17,398
Jun 201906,77652.782.49$16,880
May 201907,03358.482.74$19,273
Apr 201908,20862.632.75$22,578
Mar 201909,32556.803.06$28,554
Feb 201908,77650.852.79$24,505
Jan 201909,58146.033.23$30,929
Dec 201809,06146.594.19$37,924
Nov 201807,71252.934.24$32,678
Oct 201807,40061.443.40$25,146
Sep 201807,74459.543.11$24,068
Aug 201808,99659.403.07$27,587
Jul 201808,74165.142.93$25,628
Jun 201809,46560.183.08$29,123
May 201809,96065.382.90$28,892
Apr 201809,34363.842.90$27,102
Mar 201809,29461.222.79$25,901
Feb 201808,77361.782.77$24,267
Jan 2018010,87862.874.01$43,613
Dec 2017012,05957.272.92$35,231
Nov 2017013,66655.423.12$42,616
Oct 2017016,71349.292.98$49,866
Sep 201709,47247.523.09$29,243
Aug 201701,73745.373.00$5,219
Jul 201701,51043.873.09$4,662
Jun 201701,49242.493.09$4,606
May 201701,45745.373.26$4,755
Apr 201701,43347.933.21$4,602
Mar 201701,41046.772.98$4,207
Feb 201701,21550.452.95$3,587
Jan 201701,22349.413.42$4,181
Dec 201601,22748.763.72$4,568
Nov 201601,18242.492.64$3,126
Oct 201601,11946.193.09$3,458
Sep 2016099841.553.10$3,094
Aug 2016081941.442.92$2,395
Jul 2016092441.622.92$2,702
Jun 2016086645.352.69$2,326
May 2016085042.521.99$1,692
Apr 2016063436.561.99$1,262
Mar 2016049633.011.79$890
Feb 2016013726.472.06$283
Jan 201609527.352.36$225
Dec 2015065532.362.00$1,311
Nov 2015041638.792.17$902
Oct 2015016943.552.43$410
Sep 201504442.992.76$121
Aug 2015034540.162.87$991
Jul 201501,35248.152.95$3,982
Jun 2015070056.152.88$2,018
May 201501755.212.96$50
Apr 201508149.822.71$219
Mar 201501,08242.892.93$3,175
Feb 2015010344.662.98$307
Jan 201508743.433.10$270
Dec 2014019854.693.59$711
Nov 201402,31470.464.25$9,839
Oct 201403,73078.303.90$14,551
Sep 201404,09086.164.05$16,546
Aug 201404,31189.394.04$17,395
Jul 201404,81596.564.18$20,125
Jun 201404,54998.164.74$21,548
May 201404,76294.734.73$22,508
Apr 201404,45395.944.81$21,415
Mar 201405,64195.895.06$28,525
Feb 201405,63997.406.19$34,917
Jan 201406,42390.404.86$31,220
Dec 201309,50591.824.35$41,389
Nov 201308,36088.853.74$31,252
Oct 201306,46697.423.78$24,437
Sep 201304,933104.113.72$18,340
Aug 201303,660104.253.52$12,893
Jul 201305,250102.523.72$19,518
Jun 201305,64994.403.93$22,220
May 201306,70194.834.15$27,803
Apr 201301,42193.964.28$6,086
Mar 201301,93293.623.91$7,560
Feb 201304,99191.233.42$17,069
Jan 201308,75491.603.42$29,938
Dec 201208,52686.773.42$29,160
Nov 2012010,30186.953.62$37,341
Oct 201209,14789.383.40$31,097
Sep 201207,40894.672.92$21,620
Aug 201208,37792.662.91$24,362
Jul 201207,13885.133.02$21,562
Jun 201208,56479.822.52$21,573
May 201205,96291.612.49$14,835
Apr 201203,428101.652.00$6,845
Mar 201203,070105.052.22$6,822
Feb 201201,661101.102.57$4,269
Jan 201201,69898.092.73$4,642
Dec 201102,54196.873.24$8,232
Nov 201104,95995.723.31$16,421
Oct 201107,02684.983.65$25,635
Sep 201105,78283.623.99$23,046
Aug 201103,91983.404.15$16,261
Jul 201104,27594.144.52$19,311
Jun 201105,23992.904.64$24,308
May 201105,13398.134.40$22,610
Apr 201106,408105.964.33$27,768
Mar 201107,74896.364.06$31,436
Feb 201103,90185.644.18$16,306
Jan 201104,77286.504.59$21,898
Dec 201005,29685.734.35$23,026
Nov 201002,29580.843.80$8,710
Oct 201001,90178.103.51$6,670
Sep 201001,78272.633.98$7,091
Aug 201002,67473.684.42$11,817
Jul 201002,83372.554.74$13,418
Jun 201004,92770.364.91$24,194
May 201003,09271.124.24$13,095
Apr 201007,00581.694.12$28,879
Mar 201004,77078.394.39$20,934
Feb 201007,92973.585.44$43,152
Jan 201001,99674.365.96$11,904
Dec 200901,99371.445.48$10,929
Nov 200903,18574.593.75$11,949
Oct 200904,52872.544.11$18,611
Sep 200906,55465.543.06$20,086
Aug 200904,80467.423.22$15,462
Jul 200904,63461.133.46$16,054
Jun 2009012,61366.163.90$49,128
May 2009020,03654.743.93$78,656
Apr 2009019,98146.773.59$71,682
Mar 2009020,72842.144.06$84,135
Feb 2009019,57532.814.63$90,691
Jan 2009016,24235.865.37$87,236
Dec 2008024,76237.105.98$148,006
Nov 2008022,41555.496.86$153,775
Oct 200807,70675.246.92$53,341
Sep 200807,047101.767.88$55,510
Aug 2008033,349114.228.48$282,900
Jul 2008033,052131.0811.39$376,443
Jun 2008034,385131.3313.03$448,127
May 2008042,707123.1711.57$494,303
Apr 2008049,339110.3110.45$515,832
Mar 2008060,549101.909.66$585,150
Feb 200803,59392.538.77$31,513

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                2,589 Mcf  × $  3.05 =     $7,886

────────────────────────────────────────────────────
Month total                                   $7,886

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/238479 is the state's own key, not one this site invented.