MERCER RANCH

Operated by BKV BARNETT II, LLC (P-5 103758) 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 240558District 09Field 65280200CondensateGasSaveExport
Value, all time
$5.3 M
Apr 2008 – May 2026
Value, last 12 filed months
$114 k
at the published price for each month
Months reported
218
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
CondensateDisposition384 bbl$31,095
GasProduction868,484 Mcf$5,289,978
Total$5,321,074

Every month this lease reported (218)

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

218 months

May 202601,747106.413.05$5,321
Apr 202602,50898.932.87$7,197
Mar 202601,81289.753.15$5,707
Feb 202601,83463.503.75$6,878
Jan 202602,32459.138.00$18,587
Dec 202503,60556.664.41$15,910
Nov 202503,46958.593.93$13,621
Oct 202503,53659.383.30$11,686
Sep 202501,89762.743.08$5,837
Aug 202501,77763.933.01$5,357
Jul 202502,80366.743.32$9,293
Jun 202502,74666.483.13$8,591
May 202502,69460.553.23$8,708
Apr 202502,55862.363.54$9,063
Mar 202502,91267.704.27$12,429
Feb 202503,14170.884.34$13,635
Jan 202503,11374.324.28$13,320
Dec 202402,79868.993.12$8,734
Nov 202403,10669.052.20$6,828
Oct 202403,27471.372.28$7,469
Sep 202402,93869.612.36$6,946
Aug 202402,99975.632.06$6,189
Jul 202402,45679.932.15$5,272
Jun 202402,87678.082.63$7,575
May 202402,59678.812.20$5,707
Apr 202402,19884.451.66$3,647
Mar 202401,25580.301.55$1,939
Feb 202401,91876.091.78$3,421
Jan 202403,33173.023.30$10,985
Dec 202303,10071.262.61$8,093
Nov 202303,46377.892.81$9,723
Oct 202303,28985.443.09$10,154
Sep 202303,12889.042.74$8,555
Aug 202303,65180.522.67$9,759
Jul 202303,50174.852.64$9,249
Jun 202303,83468.962.26$8,659
May 202303,99770.622.23$8,903
Apr 202303,92378.122.24$8,779
Mar 202304,29972.852.39$10,288
Feb 202303,89575.112.47$9,604
Jan 202304,45576.533.39$15,092
Dec 202203,91776.415.73$22,441
Nov 202204,22885.005.65$23,872
Oct 202204,44387.185.86$26,053
Sep 202204,50284.888.16$36,753
Aug 202204,46894.529.13$40,780
Jul 202203,700101.587.54$27,906
Jun 202203,932115.097.98$31,366
May 202204,318109.378.43$36,414
Apr 202204,080104.226.84$27,897
Mar 202203,802108.885.08$19,300
Feb 202203,53691.054.86$17,181
Jan 202203,85281.844.54$17,479
Dec 202103,92371.323.90$15,296
Nov 202103,89177.435.24$20,377
Oct 202104,57979.795.71$26,164
Sep 202103,30169.865.35$17,663
Aug 202103,45266.024.22$14,569
Jul 202104,23770.783.98$16,872
Jun 202104,43469.493.38$14,990
May 202104,19063.483.02$12,644
Apr 202104,74960.362.76$13,100
Mar 202104,84461.302.72$13,161
Feb 202102,86457.805.55$15,889
Jan 202104,47050.412.81$12,562
Dec 202005,91644.642.68$15,828
Nov 202006,02838.772.71$16,315
Oct 202006,23736.972.48$15,458
Sep 202005,61937.091.99$11,188
Aug 202005,89139.982.39$14,051
Jul 202005,98438.371.83$10,922
Jun 202005,56434.901.69$9,405
May 202006,07116.921.81$11,017
Apr 202005,46914.751.80$9,868
Mar 202004,94030.341.86$9,170
Feb 202004,91449.881.98$9,733
Jan 202005,23257.252.09$10,960
Dec 201904,01159.012.30$9,243
Nov 201907,03855.302.75$19,359
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 20190058.482.74$0
Apr 20190062.632.75$0
Mar 20190056.803.06$0
Feb 20190050.852.79$0
Jan 20190046.033.23$0
Dec 20180046.594.19$0
Nov 20180052.934.24$0
Oct 20180061.443.40$0
Sep 20180059.543.11$0
Aug 20180059.403.07$0
Jul 20180065.142.93$0
Jun 20180060.183.08$0
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20164041.442.92$166
Jul 20164041.622.92$166
Jun 20164045.352.69$181
May 20164042.521.99$170
Apr 20164036.561.99$146
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 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 2013121788.853.74$1,130
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 201206285.133.02$187
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 201224098.092.73$2,354
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110184.983.65$4
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201106,847105.964.33$29,670
Mar 201107,26796.364.06$29,485
Feb 201103,91685.644.18$16,369
Jan 201108,11786.504.59$37,247
Dec 201001,07385.734.35$4,665
Nov 20100480.843.80$15
Oct 201061078.103.51$4,764
Sep 20100072.633.98$0
Aug 201066173.684.42$4,867
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100771.124.24$30
Apr 201003,23381.694.12$13,329
Mar 20109617,34978.394.39$83,664
Feb 2010017,80573.585.44$96,901
Jan 20100074.365.96$0
Dec 200904,20971.445.48$23,081
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 2009017,69267.423.22$56,942
Jul 2009018,76761.133.46$65,018
Jun 2009018,89066.163.90$73,577
May 2009020,72154.743.93$81,345
Apr 2009020,43746.773.59$73,318
Mar 2009022,67042.144.06$92,018
Feb 2009018,48132.814.63$85,622
Jan 20093728,10335.865.37$152,268
Dec 2008029,45637.105.98$176,063
Nov 2008030,04055.496.86$206,085
Oct 2008033,93375.246.92$234,884
Sep 2008036,748101.767.88$289,467
Aug 20083343,069114.228.48$369,124
Jul 2008049,406131.0811.39$562,706
Jun 20083560,433131.3313.03$792,197
May 2008052,348123.1711.57$605,891
Apr 200800110.3110.45$0

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                1,747 Mcf  × $  3.05 =     $5,321

────────────────────────────────────────────────────
Month total                                   $5,321

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/240558 is the state's own key, not one this site invented.