HICKEY, BILLY

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 240279District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.4 M
May 2008 – May 2026
Value, last 12 filed months
$26 k
at the published price for each month
Months reported
217
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
CondensateDisposition3 bbl$246
GasProduction1,543,868 Mcf$7,377,551
Total$7,377,797

Every month this lease reported (217)

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

217 months

May 202600106.413.05$0
Apr 202606298.932.87$178
Mar 20260089.753.15$0
Feb 2026020763.503.75$776
Jan 2026045359.138.00$3,623
Dec 202501,41656.664.41$6,249
Nov 202501,22258.593.93$4,798
Oct 202501,75459.383.30$5,797
Sep 202501,50562.743.08$4,631
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 2025016870.884.34$729
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 202404278.812.20$92
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 2023013471.262.61$350
Nov 2023010177.892.81$284
Oct 2023220285.443.09$795
Sep 2023024789.042.74$676
Aug 2023065180.522.67$1,740
Jul 202312,31974.852.64$6,201
Jun 202304,14468.962.26$9,359
May 202304,52370.622.23$10,075
Apr 202304,66778.122.24$10,444
Mar 202304,34372.852.39$10,393
Feb 202303,21675.112.47$7,930
Jan 202304,35676.533.39$14,757
Dec 202204,90276.415.73$28,084
Nov 202205,22185.005.65$29,479
Oct 202205,44087.185.86$31,899
Sep 202205,87884.888.16$47,986
Aug 202206,48194.529.13$59,153
Jul 202206,515101.587.54$49,137
Jun 202204,475115.097.98$35,698
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 202202,80491.054.86$13,624
Jan 202204,21681.844.54$19,131
Dec 202104,32571.323.90$16,864
Nov 202104,02377.435.24$21,068
Oct 202105,03879.795.71$28,786
Sep 202104,70669.865.35$25,181
Aug 202104,75466.024.22$20,065
Jul 202103,93470.783.98$15,666
Jun 202105,20269.493.38$17,586
May 202105,68663.483.02$17,158
Apr 202105,14460.362.76$14,189
Mar 202104,25961.302.72$11,571
Feb 202105,78257.805.55$32,078
Jan 202106,27150.412.81$17,623
Dec 202006,18344.642.68$16,542
Nov 202006,06938.772.71$16,426
Oct 202006,06936.972.48$15,042
Sep 202005,68137.091.99$11,311
Aug 202005,60039.982.39$13,357
Jul 202005,79738.371.83$10,580
Jun 202005,70334.901.69$9,640
May 202005,70116.921.81$10,346
Apr 202006,05914.751.80$10,933
Mar 202006,48130.341.86$12,030
Feb 202006,01149.881.98$11,906
Jan 202006,17857.252.09$12,941
Dec 201905,24659.012.30$12,089
Nov 201905,87255.302.75$16,152
Oct 201903,71753.472.42$8,990
Sep 201903,18355.052.66$8,458
Aug 201902,99853.112.30$6,908
Jul 201903,21856.272.46$7,916
Jun 201904,64952.782.49$11,582
May 201903,33558.482.74$9,139
Apr 201904,20062.632.75$11,553
Mar 201905,50856.803.06$16,866
Feb 201901,64350.852.79$4,588
Jan 201901,79146.033.23$5,782
Dec 201801,27646.594.19$5,341
Nov 2018059652.934.24$2,525
Oct 2018066161.443.40$2,246
Sep 201801,07359.543.11$3,335
Aug 201801,02159.403.07$3,131
Jul 20180065.142.93$0
Jun 201805,92960.183.08$18,243
May 201806,49965.382.90$18,852
Apr 201806,74263.842.90$19,557
Mar 201806,47461.222.79$18,042
Feb 201805,96061.782.77$16,486
Jan 201806,83662.874.01$27,408
Dec 201706,37857.272.92$18,633
Nov 201706,08155.423.12$18,963
Oct 201706,56049.292.98$19,573
Sep 201707,81447.523.09$24,124
Aug 201708,38945.373.00$25,204
Jul 201707,88243.873.09$24,334
Jun 201709,47442.493.09$29,249
May 2017010,74045.373.26$35,049
Apr 2017011,35347.933.21$36,461
Mar 2017011,49946.772.98$34,309
Feb 2017011,22650.452.95$33,146
Jan 2017012,68949.413.42$43,381
Dec 2016013,01148.763.72$48,438
Nov 2016012,19042.492.64$32,235
Oct 2016012,68746.193.09$39,206
Sep 201608,15041.553.10$25,270
Aug 201603,91241.442.92$11,440
Jul 201602,23641.622.92$6,539
Jun 201601,57345.352.69$4,225
May 201606,32442.521.99$12,591
Apr 201607,34536.561.99$14,624
Mar 2016011,48033.011.79$20,595
Feb 2016013,46726.472.06$27,791
Jan 201607,30727.352.36$17,276
Dec 201507,83932.362.00$15,689
Nov 2015015,87138.792.17$34,398
Oct 201507,76243.552.43$18,835
Sep 2015012,94342.992.76$35,702
Aug 201504,89140.162.87$14,049
Jul 201506,39648.152.95$18,837
Jun 201509,02656.152.88$26,021
May 2015012,24655.212.96$36,192
Apr 201507,75949.822.71$21,000
Mar 201504,98642.892.93$14,632
Feb 201504,22844.662.98$12,583
Jan 201509,22243.433.10$28,594
Dec 201407,70554.693.59$27,671
Nov 201407,21670.464.25$30,681
Oct 201408,74978.303.90$34,130
Sep 201407,41386.164.05$29,989
Aug 201407,65889.394.04$30,901
Jul 201405,47996.564.18$22,900
Jun 201408,48098.164.74$40,169
May 201408,10194.734.73$38,290
Apr 201407,18695.944.81$34,558
Mar 201406,51695.895.06$32,950
Feb 201407,29097.406.19$45,140
Jan 201404,56790.404.86$22,199
Dec 201306,54591.824.35$28,500
Nov 201302,01788.853.74$7,540
Oct 20130097.423.78$0
Sep 201302104.113.72$7
Aug 201303,504104.253.52$12,343
Jul 201302,812102.523.72$10,454
Jun 2013051594.403.93$2,026
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130393.623.91$12
Feb 20130091.233.42$0
Jan 201301691.603.42$55
Dec 201201,56286.773.42$5,342
Nov 201202,41686.953.62$8,758
Oct 201201,88989.383.40$6,422
Sep 2012039994.672.92$1,164
Aug 201202992.662.91$84
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120391.612.49$7
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201202101.102.57$5
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 201101,03795.723.31$3,434
Oct 2011010,32484.983.65$37,668
Sep 2011012,28683.623.99$48,970
Aug 2011013,73483.404.15$56,987
Jul 2011014,49194.144.52$65,459
Jun 2011013,93692.904.64$64,661
May 2011015,08998.134.40$66,464
Apr 2011015,459105.964.33$66,988
Mar 2011016,66796.364.06$67,624
Feb 2011015,84585.644.18$66,232
Jan 2011017,64286.504.59$80,955
Dec 2010017,96385.734.35$78,099
Nov 2010018,77180.843.80$71,242
Oct 2010018,17078.103.51$63,757
Sep 2010019,11272.633.98$76,056
Aug 2010019,10173.684.42$84,414
Jul 2010022,64972.554.74$107,277
Jun 2010021,56270.364.91$105,878
May 2010022,42871.124.24$94,988
Apr 2010022,62581.694.12$93,276
Mar 2010090678.394.39$3,976
Feb 20100073.585.44$0
Jan 20100574.365.96$30
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 200901161.133.46$38
Jun 2009011,81366.163.90$46,012
May 2009031,98754.743.93$125,573
Apr 2009031,62446.773.59$113,451
Mar 2009041,35042.144.06$167,840
Feb 2009038,37432.814.63$177,787
Jan 2009046,25435.865.37$248,430
Dec 2008044,29537.105.98$264,757
Nov 2008045,04255.496.86$309,004
Oct 2008015,02075.246.92$103,968
Sep 2008028,460101.767.88$224,182
Aug 2008031,976114.228.48$271,253
Jul 2008039,713131.0811.39$452,308
Jun 2008040,610131.3313.03$529,255
May 2008045,780123.1711.57$529,871

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.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                   62 Mcf  × $  2.87 =       $178

────────────────────────────────────────────────────
Month total                                     $178

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/240279 is the state's own key, not one this site invented.