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 238980District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.5 M
Nov 2007 – May 2026
Value, last 12 filed months
$87 k
at the published price for each month
Months reported
223
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
CondensateDisposition12 bbl$866
GasProduction1,644,666 Mcf$8,483,606
Total$8,484,472

Every month this lease reported (223)

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

223 months

May 202612,492106.413.05$7,697
Apr 202612,32798.932.87$6,777
Mar 202612,29789.753.15$7,324
Feb 202612,06263.503.75$7,797
Jan 202602,02859.138.00$16,220
Dec 202502,19956.664.41$9,705
Nov 202502,30758.593.93$9,058
Oct 202502,22659.383.30$7,357
Sep 2025016062.743.08$492
Aug 202509263.933.01$277
Jul 202502,11266.743.32$7,002
Jun 202512,45066.483.13$7,732
May 202512,69860.553.23$8,781
Apr 202512,44862.363.54$8,736
Mar 202512,33367.704.27$10,026
Feb 202502,08270.884.34$9,038
Jan 202502,34674.324.28$10,038
Dec 202402,27768.993.12$7,107
Nov 202402,07369.052.20$4,557
Oct 202402,32371.372.28$5,300
Sep 202402,27069.612.36$5,367
Aug 20240075.632.06$0
Jul 202402,50179.932.15$5,369
Jun 202402,46478.082.63$6,490
May 202412,59478.812.20$5,782
Apr 202402,67584.451.66$4,438
Mar 202402,63880.301.55$4,076
Feb 202403276.091.78$57
Jan 202401873.023.30$59
Dec 202301,36471.262.61$3,561
Nov 202302,45677.892.81$6,895
Oct 202302,48985.443.09$7,684
Sep 202302,44489.042.74$6,684
Aug 202302,55780.522.67$6,835
Jul 202302,60374.852.64$6,877
Jun 202302,49568.962.26$5,635
May 202302,50870.622.23$5,586
Apr 202302,64578.122.24$5,919
Mar 202312,60772.852.39$6,312
Feb 202302,02075.112.47$4,981
Jan 202302,05376.533.39$6,955
Dec 202202,49776.415.73$14,306
Nov 202202,36885.005.65$13,370
Oct 202201,83887.185.86$10,778
Sep 202202,33884.888.16$19,087
Aug 202202,79394.529.13$25,492
Jul 202202,655101.587.54$20,024
Jun 20220968115.097.98$7,722
May 202202,110109.378.43$17,794
Apr 202202,426104.226.84$16,588
Mar 202202,523108.885.08$12,808
Feb 202201,91891.054.86$9,319
Jan 202202,24681.844.54$10,192
Dec 202102,47171.323.90$9,635
Nov 202101,11777.435.24$5,850
Oct 202101,21579.795.71$6,942
Sep 2021073169.865.35$3,912
Aug 2021066466.024.22$2,802
Jul 202101,79270.783.98$7,136
Jun 202101,14869.493.38$3,881
May 202101,64163.483.02$4,952
Apr 202102,28960.362.76$6,314
Mar 202103,23761.302.72$8,795
Feb 202102,25857.805.55$12,527
Jan 202103,13650.412.81$8,813
Dec 202003,14244.642.68$8,406
Nov 202003,10438.772.71$8,401
Oct 202003,14736.972.48$7,800
Sep 202003,13737.091.99$6,246
Aug 202003,26539.982.39$7,787
Jul 202003,23738.371.83$5,908
Jun 202003,18434.901.69$5,382
May 202003,33616.921.81$6,054
Apr 202003,23614.751.80$5,839
Mar 202003,34230.341.86$6,204
Feb 202003,13549.881.98$6,209
Jan 202003,36457.252.09$7,047
Dec 201903,31559.012.30$7,639
Nov 201903,20455.302.75$8,813
Oct 201903,39353.472.42$8,206
Sep 201903,34055.052.66$8,875
Aug 201903,46253.112.30$7,978
Jul 201903,52956.272.46$8,682
Jun 201903,41152.782.49$8,497
May 201903,58458.482.74$9,821
Apr 201903,44962.632.75$9,487
Mar 201903,61456.803.06$11,066
Feb 201903,29350.852.79$9,195
Jan 201903,71846.033.23$12,002
Dec 201803,79346.594.19$15,875
Nov 201803,70552.934.24$15,699
Oct 201803,86061.443.40$13,117
Sep 201803,80459.543.11$11,823
Aug 201804,05959.403.07$12,447
Jul 201803,99065.142.93$11,698
Jun 201803,70760.183.08$11,406
May 201803,68865.382.90$10,698
Apr 201803,51563.842.90$10,196
Mar 201803,53461.222.79$9,849
Feb 201802,94661.782.77$8,149
Jan 201803,90162.874.01$15,640
Dec 201703,84257.272.92$11,224
Nov 201703,74855.423.12$11,688
Oct 201703,89549.292.98$11,621
Sep 201703,82347.523.09$11,803
Aug 201704,06345.373.00$12,207
Jul 201704,08443.873.09$12,608
Jun 201703,87242.493.09$11,954
May 201704,03245.373.26$13,158
Apr 201704,04247.933.21$12,981
Mar 201703,83846.772.98$11,451
Feb 201703,15550.452.95$9,315
Jan 201723,54949.413.42$12,232
Dec 201602,90748.763.72$10,822
Nov 201603,44242.492.64$9,102
Oct 201603,55246.193.09$10,977
Sep 201603,36341.553.10$10,427
Aug 201603,17141.442.92$9,273
Jul 201603,60841.622.92$10,551
Jun 201604,86745.352.69$13,072
May 201605,37042.521.99$10,692
Apr 201605,26136.561.99$10,475
Mar 201604,45733.011.79$7,996
Feb 201604,84726.472.06$10,002
Jan 201605,31027.352.36$12,555
Dec 201505,66032.362.00$11,328
Nov 201505,49038.792.17$11,899
Oct 201505,86743.552.43$14,237
Sep 201505,54442.992.76$15,293
Aug 201505,61840.162.87$16,138
Jul 201505,87848.152.95$17,311
Jun 201505,59556.152.88$16,130
May 201505,77055.212.96$17,053
Apr 201505,70749.822.71$15,446
Mar 201505,94842.892.93$17,456
Feb 201505,44644.662.98$16,208
Jan 201506,29343.433.10$19,512
Dec 201406,51354.693.59$23,391
Nov 201405,88670.464.25$25,026
Oct 201405,97478.303.90$23,304
Sep 201405,96786.164.05$24,139
Aug 201406,23889.394.04$25,171
Jul 201406,58896.564.18$27,535
Jun 201406,30998.164.74$29,885
May 201406,97394.734.73$32,958
Apr 201406,75995.944.81$32,505
Mar 201406,98295.895.06$35,307
Feb 201406,47197.406.19$40,068
Jan 201406,96690.404.86$33,860
Dec 201307,03191.824.35$30,616
Nov 201306,57588.853.74$24,579
Oct 201307,55097.423.78$28,534
Sep 201307,206104.113.72$26,790
Aug 201307,869104.253.52$27,719
Jul 201307,854102.523.72$29,199
Jun 201307,07594.403.93$27,829
May 201307,91594.834.15$32,840
Apr 201307,34693.964.28$31,460
Mar 201307,97193.623.91$31,189
Feb 201307,60691.233.42$26,012
Jan 201308,53891.603.42$29,199
Dec 201208,92586.773.42$30,525
Nov 201208,75086.953.62$31,718
Oct 2012010,75789.383.40$36,570
Sep 201208,97094.672.92$26,178
Aug 201209,26692.662.91$26,947
Jul 201206,84385.133.02$20,671
Jun 201209,15579.822.52$23,062
May 201209,59591.612.49$23,875
Apr 201208,935101.652.00$17,841
Mar 2012010,231105.052.22$22,734
Feb 201208,974101.102.57$23,065
Jan 201209,74798.092.73$26,649
Dec 201109,72196.873.24$31,494
Nov 2011010,26095.723.31$33,974
Oct 2011010,90284.983.65$39,776
Sep 2011011,27183.623.99$44,924
Aug 2011011,86183.404.15$49,215
Jul 2011011,92594.144.52$53,868
Jun 201107,06092.904.64$32,758
May 201105,55998.134.40$24,486
Apr 2011010,496105.964.33$45,482
Mar 2011010,67996.364.06$43,328
Feb 2011012,78585.644.18$53,441
Jan 2011013,73886.504.59$63,041
Dec 2010011,22285.734.35$48,790
Nov 201009,50380.843.80$36,067
Oct 201008,54478.103.51$29,980
Sep 2010010,16772.633.98$40,459
Aug 2010011,29673.684.42$49,921
Jul 2010012,08872.554.74$57,255
Jun 2010010,88170.364.91$53,430
May 2010012,88371.124.24$54,562
Apr 2010013,40181.694.12$55,248
Mar 2010015,66178.394.39$68,731
Feb 201006,31173.585.44$34,347
Jan 2010014,74074.365.96$87,911
Dec 2009015,42171.445.48$84,565
Nov 2009015,24174.593.75$57,177
Oct 2009015,94072.544.11$65,517
Sep 2009014,38365.543.06$44,080
Aug 2009016,27867.423.22$52,391
Jul 2009017,08561.133.46$59,191
Jun 2009017,59166.163.90$68,517
May 2009019,03054.743.93$74,707
Apr 2009018,64446.773.59$66,885
Mar 2009019,66342.144.06$79,812
Feb 2009018,65132.814.63$86,410
Jan 2009021,04335.865.37$113,022
Dec 2008022,54937.105.98$134,779
Nov 2008023,28655.496.86$159,750
Oct 2008024,16375.246.92$167,256
Sep 2008023,833101.767.88$187,735
Aug 2008027,122114.228.48$230,076
Jul 2008028,650131.0811.39$326,307
Jun 2008029,294131.3313.03$381,778
May 2008033,388123.1711.57$386,442
Apr 2008035,276110.3110.45$368,806
Mar 2008039,812101.909.66$384,746
Feb 2008041,12892.538.77$360,716
Jan 2008050,21690.388.21$412,059
Dec 2007063,96588.337.30$467,071
Nov 2007029,24991.677.29$213,275

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             1 bbl  × $106.41 =       $106
Gas                2,492 Mcf  × $  3.05 =     $7,590

────────────────────────────────────────────────────
Month total                                   $7,697

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/238980 is the state's own key, not one this site invented.