HOT LIPS UNIT

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 240505District 09Field 65280200CondensateGasSaveExport
Value, all time
$2.7 M
Jun 2007 – May 2026
Value, last 12 filed months
$63 k
at the published price for each month
Months reported
222
6 months 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
CondensateDisposition365 bbl$27,967
GasProduction562,532 Mcf$2,636,594
Total$2,664,561

Every month this lease reported (222)

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

222 months

May 202601,297106.413.05$3,950
Apr 202621,22298.932.87$3,705
Mar 202601,25989.753.15$3,965
Feb 202601,13863.503.75$4,268
Jan 202601,21759.138.00$9,733
Dec 202501,10656.664.41$4,881
Nov 202501,00458.593.93$3,942
Oct 202501,03459.383.30$3,417
Sep 202501,07762.743.08$3,314
Aug 202501,27863.933.01$3,853
Jul 202504,18566.743.32$13,874
Jun 202501,45466.483.13$4,549
May 202501,48560.553.23$4,800
Apr 202531,50162.363.54$5,505
Mar 202501,38967.704.27$5,929
Feb 202521,34170.884.34$5,963
Jan 202521,48674.324.28$6,507
Dec 202431,58568.993.12$5,154
Nov 202403,23269.052.20$7,105
Oct 202401,60971.372.28$3,671
Sep 202431,54369.612.36$3,857
Aug 202401,62575.632.06$3,353
Jul 202421,93379.932.15$4,309
Jun 2024232,86878.082.63$9,350
May 202421,40278.812.20$3,240
Apr 202422,34784.451.66$4,063
Mar 202431,98880.301.55$3,313
Feb 202461,59576.091.78$3,301
Jan 2024411,32373.023.30$7,357
Dec 202321,20871.262.61$3,296
Nov 2023093077.892.81$2,611
Oct 2023476485.443.09$2,700
Sep 2023264689.042.74$1,945
Aug 2023072180.522.67$1,927
Jul 2023091474.852.64$2,415
Jun 2023042868.962.26$967
May 2023088670.622.23$1,973
Apr 202311,45078.122.24$3,323
Mar 202361,26172.852.39$3,455
Feb 202332,32875.112.47$5,965
Jan 2023179976.533.39$2,783
Dec 2022268876.415.73$4,094
Nov 2022065685.005.65$3,704
Oct 2022272887.185.86$4,443
Sep 2022267684.888.16$5,688
Aug 202201,03994.529.13$9,483
Jul 20224951101.587.54$7,579
Jun 20227966115.097.98$8,512
May 202281,476109.378.43$13,322
Apr 202261,695104.226.84$12,215
Mar 20220875108.885.08$4,442
Feb 202201,03691.054.86$5,034
Jan 2022088781.844.54$4,025
Dec 2021086171.323.90$3,357
Nov 2021079177.435.24$4,142
Oct 2021064579.795.71$3,685
Sep 2021068869.865.35$3,681
Aug 202101,20666.024.22$5,090
Jul 2021101,84570.783.98$8,055
Jun 202102,19269.493.38$7,410
May 202101,53463.483.02$4,629
Apr 202101,38660.362.76$3,823
Mar 202101,46961.302.72$3,991
Feb 202101,09557.805.55$6,075
Jan 202101,33950.412.81$3,763
Dec 202001,24344.642.68$3,326
Nov 202001,11638.772.71$3,021
Oct 202001,08636.972.48$2,692
Sep 2020096837.091.99$1,927
Aug 202001,03239.982.39$2,461
Jul 202001,32538.371.83$2,418
Jun 202001,51834.901.69$2,566
May 202001,91616.921.81$3,477
Apr 202001,62814.751.80$2,938
Mar 202001,61330.341.86$2,994
Feb 202001,40449.881.98$2,781
Jan 202001,56557.252.09$3,278
Dec 201901,45059.012.30$3,341
Nov 201901,41055.302.75$3,878
Oct 201901,26153.472.42$3,050
Sep 201901,48455.052.66$3,943
Aug 201901,58553.112.30$3,652
Jul 201901,81056.272.46$4,453
Jun 201901,58352.782.49$3,944
May 201901,68558.482.74$4,617
Apr 201901,54862.632.75$4,258
Mar 201901,43956.803.06$4,406
Feb 201901,43350.852.79$4,001
Jan 201901,62346.033.23$5,239
Dec 201801,57846.594.19$6,605
Nov 201801,62852.934.24$6,898
Oct 201802,00961.443.40$6,827
Sep 201801,61959.543.11$5,032
Aug 201802,29259.403.07$7,029
Jul 201802,34865.142.93$6,884
Jun 201802,33960.183.08$7,197
May 201801,90365.382.90$5,520
Apr 201802,23763.842.90$6,489
Mar 201803,62761.222.79$10,108
Feb 201802,55661.782.77$7,070
Jan 201802,35262.874.01$9,430
Dec 201703,20157.272.92$9,352
Nov 201703,61355.423.12$11,267
Oct 201703,93549.292.98$11,741
Sep 201704,27947.523.09$13,210
Aug 201703,85545.373.00$11,582
Jul 201704,51443.873.09$13,936
Jun 201704,46742.493.09$13,791
May 201705,07745.373.26$16,568
Apr 201704,95547.933.21$15,913
Mar 201703,55746.772.98$10,613
Feb 201703,60150.452.95$10,632
Jan 2017274,74449.413.42$17,553
Dec 201603,90048.763.72$14,519
Nov 201603,25042.492.64$8,594
Oct 201602,95946.193.09$9,144
Sep 201603,93541.553.10$12,201
Aug 2016063041.442.92$1,842
Jul 2016041941.622.92$1,225
Jun 2016043045.352.69$1,155
May 2016016542.521.99$329
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 20150249.822.71$5
Mar 2015020842.892.93$610
Feb 201501,53444.662.98$4,565
Jan 2015088643.433.10$2,747
Dec 2014464354.693.59$2,528
Nov 2014090270.464.25$3,835
Oct 201401,05978.303.90$4,131
Sep 2014080386.164.05$3,248
Aug 2014088789.394.04$3,579
Jul 2014068796.564.18$2,871
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140797.406.19$43
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 20130229104.113.72$851
Aug 20130366104.253.52$1,289
Jul 2013295102.523.72$558
Jun 20130094.403.93$0
May 2013088794.834.15$3,680
Apr 201301,56893.964.28$6,715
Mar 201322,70793.623.91$10,779
Feb 201301,90491.233.42$6,512
Jan 201321,78191.603.42$6,274
Dec 2012056686.773.42$1,936
Nov 2012065186.953.62$2,360
Oct 201202,16489.383.40$7,357
Sep 201201,48894.672.92$4,343
Aug 201203,65692.662.91$10,632
Jul 201203,46285.133.02$10,458
Jun 201213,46879.822.52$8,816
May 201213,53791.612.49$8,893
Apr 201213,367101.652.00$6,825
Mar 201213,325105.052.22$7,493
Feb 201233,501101.102.57$9,302
Jan 201254,06898.092.73$11,613
Dec 201134,04196.873.24$13,382
Nov 201104,30695.723.31$14,258
Oct 201104,57684.983.65$16,696
Sep 201104,39683.623.99$17,522
Aug 201104,06783.404.15$16,875
Jul 201104,39194.144.52$19,835
Jun 201104,82392.904.64$22,378
May 201125,74198.134.40$25,484
Apr 201106,058105.964.33$26,251
Mar 201106,56896.364.06$26,649
Feb 201105,30885.644.18$22,187
Jan 2011675,47786.504.59$30,928
Dec 201005,56985.734.35$24,213
Nov 201004,67280.843.80$17,732
Oct 201083,52278.103.51$12,983
Sep 20103152472.633.98$4,337
Aug 20100073.684.42$0
Jul 20100372.554.74$14
Jun 2010044170.364.91$2,165
May 2010013,29271.124.24$56,295
Apr 2010015,06981.694.12$62,125
Mar 201001,63878.394.39$7,189
Feb 201004,04573.585.44$22,014
Jan 201001,62474.365.96$9,686
Dec 200909,05771.445.48$49,666
Nov 200908,34274.593.75$31,295
Oct 200905,76872.544.11$23,708
Sep 2009010,64865.543.06$32,633
Aug 200946,31267.423.22$20,585
Jul 200908,06361.133.46$27,934
Jun 2009214,05466.163.90$54,873
May 2009128,41354.743.93$33,684
Apr 200904,23146.773.59$15,179
Mar 200903,82542.144.06$15,526
Feb 20091332.814.63$47
Jan 2009204,60935.865.37$25,472
Dec 2008013,08637.105.98$78,217
Nov 2008019,99155.496.86$137,145
Oct 2008314,47775.246.92$100,435
Sep 200841,969101.767.88$15,917
Aug 200835,104114.228.48$43,640
Jul 2008015,662131.0811.39$178,381
Jun 2008235,078131.3313.03$457,421
May 200800123.1711.57$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 – Apr 2008 (6 months). 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                1,297 Mcf  × $  3.05 =     $3,950

────────────────────────────────────────────────────
Month total                                   $3,950

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/240505 is the state's own key, not one this site invented.