OLCOTT SOUTH

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 238880District 09Field 65280200CondensateGasSaveExport
Value, all time
$10.7 M
Jun 2007 – May 2026
Value, last 12 filed months
$2 k
at the published price for each month
Months reported
227
1 month not filed
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
CondensateDisposition2 bbl$66
GasProduction2,628,401 Mcf$10,693,033
Total$10,693,098

Every month this lease reported (227)

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

227 months

May 2026011106.413.05$34
Apr 202601598.932.87$43
Mar 20260289.753.15$6
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 2025029666.743.32$981
Jun 2025030666.483.13$957
May 2025020760.553.23$669
Apr 2025022362.363.54$790
Mar 2025055967.704.27$2,386
Feb 2025098570.884.34$4,276
Jan 2025094074.324.28$4,022
Dec 202402,16168.993.12$6,745
Nov 202402,76869.052.20$6,085
Oct 202403,27271.372.28$7,465
Sep 202403,37369.612.36$7,975
Aug 202403,65075.632.06$7,532
Jul 202404,14979.932.15$8,906
Jun 202405,04778.082.63$13,294
May 202404,44178.812.20$9,763
Apr 202402,53084.451.66$4,198
Mar 202404,19480.301.55$6,480
Feb 202403,73676.091.78$6,664
Jan 202405,86073.023.30$19,324
Dec 202306,17671.262.61$16,124
Nov 202306,00277.892.81$16,851
Oct 202305,25685.443.09$16,227
Sep 202303,92589.042.74$10,735
Aug 202304,87480.522.67$13,028
Jul 202303,35474.852.64$8,861
Jun 202304,39168.962.26$9,917
May 202305,10270.622.23$11,364
Apr 202305,74378.122.24$12,851
Mar 202307,65572.852.39$18,320
Feb 202308,08775.112.47$19,940
Jan 202306,91476.533.39$23,423
Dec 202207,76776.415.73$44,498
Nov 202206,34685.005.65$35,831
Oct 202207,13687.185.86$41,844
Sep 202207,18384.888.16$58,640
Aug 202207,07994.529.13$64,611
Jul 202207,074101.587.54$53,353
Jun 202206,768115.097.98$53,990
May 202207,104109.378.43$59,908
Apr 202206,446104.226.84$44,075
Mar 202208,425108.885.08$42,769
Feb 202205,85991.054.86$28,468
Jan 202208,11281.844.54$36,810
Dec 202107,75571.323.90$30,238
Nov 202108,15077.435.24$42,680
Oct 202108,85779.795.71$50,608
Sep 202108,92669.865.35$47,762
Aug 202109,09166.024.22$38,369
Jul 202108,96270.783.98$35,687
Jun 202108,61769.493.38$29,131
May 202108,78463.483.02$26,507
Apr 202108,95560.362.76$24,702
Mar 202109,93161.302.72$26,982
Feb 202107,58657.805.55$42,087
Jan 202109,34350.412.81$26,256
Dec 202009,71444.642.68$25,989
Nov 202009,56838.772.71$25,896
Oct 202009,99636.972.48$24,774
Sep 202009,76637.091.99$19,445
Aug 2020010,30639.982.39$24,581
Jul 2020010,65338.371.83$19,443
Jun 2020010,45634.901.69$17,674
May 2020010,74716.921.81$19,503
Apr 2020010,49114.751.80$18,930
Mar 2020011,06430.341.86$20,537
Feb 2020010,45549.881.98$20,708
Jan 2020010,89657.252.09$22,824
Dec 2019011,52959.012.30$26,567
Nov 2019011,62055.302.75$31,963
Oct 2019012,18353.472.42$29,465
Sep 2019011,84155.052.66$31,465
Aug 2019012,47353.112.30$28,742
Jul 2019012,64256.272.46$31,100
Jun 2019012,60052.782.49$31,389
May 2019013,25358.482.74$36,317
Apr 2019012,86662.632.75$35,391
Mar 2019013,61256.803.06$41,681
Feb 2019011,52950.852.79$32,192
Jan 2019013,63846.033.23$44,026
Dec 2018012,96946.594.19$54,281
Nov 2018010,93152.934.24$46,317
Oct 2018011,40761.443.40$38,762
Sep 2018011,25959.543.11$34,993
Aug 2018011,84859.403.07$36,333
Jul 2018011,96065.142.93$35,065
Jun 2018012,06660.183.08$37,126
May 2018012,34365.382.90$35,805
Apr 2018011,93863.842.90$34,630
Mar 2018012,51161.222.79$34,866
Feb 2018011,24661.782.77$31,108
Jan 2018012,25362.874.01$49,126
Dec 2017011,87857.272.92$34,702
Nov 2017010,07055.423.12$31,402
Oct 2017011,18049.292.98$33,358
Sep 2017017,22247.523.09$53,169
Aug 2017015,08345.373.00$45,315
Jul 2017014,15043.873.09$43,685
Jun 2017015,07942.493.09$46,553
May 2017015,81045.373.26$51,594
Apr 2017014,71047.933.21$47,243
Mar 2017014,42046.772.98$43,025
Feb 2017014,47650.452.95$42,742
Jan 2017015,76449.413.42$53,894
Dec 2016015,08448.763.72$56,155
Nov 2016012,53842.492.64$33,155
Oct 2016012,04746.193.09$37,228
Sep 201609,24241.553.10$28,656
Aug 201605,02541.442.92$14,695
Jul 201605,16941.622.92$15,116
Jun 201603,72045.352.69$9,991
May 201602,02842.521.99$4,038
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 201501,28742.892.93$3,777
Feb 201506,18544.662.98$18,408
Jan 201509,82343.433.10$30,457
Dec 201408,61054.693.59$30,922
Nov 201409,73770.464.25$41,400
Oct 201409,49578.303.90$37,040
Sep 2014013,04486.164.05$52,769
Aug 201405,02089.394.04$20,256
Jul 201406,32696.564.18$26,440
Jun 201407,61198.164.74$36,052
May 201407,19994.734.73$34,027
Apr 201406,42695.944.81$30,903
Mar 201406,90195.895.06$34,897
Feb 2014010397.406.19$638
Jan 201401,26090.404.86$6,125
Dec 201309,81091.824.35$42,717
Nov 201309,04488.853.74$33,809
Oct 201305,40597.423.78$20,427
Sep 201305,815104.113.72$21,619
Aug 2013010,958104.253.52$38,601
Jul 2013020,675102.523.72$76,864
Jun 2013011,84994.403.93$46,607
May 201305,71794.834.15$23,720
Apr 201309,80693.964.28$41,995
Mar 2013011,86493.623.91$46,422
Feb 2013010,92191.233.42$37,349
Jan 2013012,99291.603.42$44,431
Dec 2012011,49786.773.42$39,322
Nov 2012011,43586.953.62$41,451
Oct 2012012,39889.383.40$42,149
Sep 201208,91694.672.92$26,020
Aug 2012011,15392.662.91$32,435
Jul 201209,15085.133.02$27,640
Jun 201209,81079.822.52$24,712
May 2012015,33191.612.49$38,148
Apr 2012025,993101.652.00$51,903
Mar 2012020,692105.052.22$45,979
Feb 2012015,873101.102.57$40,797
Jan 2012019,40498.092.73$53,052
Dec 2011020,85196.873.24$67,552
Nov 2011019,68295.723.31$65,173
Oct 2011017,95584.983.65$65,510
Sep 2011018,84083.623.99$75,092
Aug 2011016,03183.404.15$66,518
Jul 2011015,27594.144.52$69,001
Jun 2011022,79092.904.64$105,743
May 2011024,07098.134.40$106,024
Apr 2011021,548105.964.33$93,374
Mar 2011022,08496.364.06$89,602
Feb 2011022,22485.644.18$92,896
Jan 2011026,11586.504.59$119,836
Dec 2010030,31385.734.35$131,793
Nov 2010024,76380.843.80$93,984
Oct 2010025,68478.103.51$90,122
Sep 2010027,49972.633.98$109,431
Aug 2010045,01873.684.42$198,951
Jul 2010050,57572.554.74$239,548
Jun 201001,80770.364.91$8,873
May 201001,90671.124.24$8,072
Apr 2010031,07081.694.12$128,092
Mar 2010025,56178.394.39$112,179
Feb 2010027,74773.585.44$151,009
Jan 2010032,02374.365.96$190,988
Dec 2009030,22371.445.48$165,735
Nov 2009019,14874.593.75$71,834
Oct 2009014,52472.544.11$59,697
Sep 2009039,65165.543.06$121,520
Aug 2009032,49867.423.22$104,595
Jul 2009012,72361.133.46$44,079
Jun 2009035,04766.163.90$136,508
May 2009027,25254.743.93$106,985
Apr 2009043,86346.773.59$157,359
Mar 2009050,80842.144.06$206,230
Feb 2009250,62332.814.63$234,602
Jan 2009065,53435.865.37$351,983
Dec 2008074,79437.105.98$447,054
Nov 2008090,04855.496.86$617,762
Oct 2008036,32375.246.92$251,427
Sep 2008043,488101.767.88$342,559
Aug 2008037,104114.228.48$314,754
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0

Not filed, and not zero: Nov 2007. The Railroad Commission holds no report for those months, so this page shows none — a zero would state that the lease produced nothing.

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                   11 Mcf  × $  3.05 =        $34

────────────────────────────────────────────────────
Month total                                      $34

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/238880 is the state's own key, not one this site invented.