GIBBS 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 240657District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.8 M
Jun 2007 – May 2026
Value, last 12 filed months
$147 k
at the published price for each month
Months reported
221
7 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
CondensateDisposition984 bbl$70,363
GasProduction1,228,248 Mcf$4,697,877
Total$4,768,240

Every month this lease reported (221)

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

221 months

May 2026113,319106.413.05$11,280
Apr 202603,34698.932.87$9,602
Mar 202603,39089.753.15$10,677
Feb 202603,10363.503.75$11,637
Jan 202603,54759.138.00$28,369
Dec 2025243,57156.664.41$17,120
Nov 202503,36758.593.93$13,220
Oct 202503,45159.383.30$11,405
Sep 202503,17062.743.08$9,754
Aug 2025243,27463.933.01$11,405
Jul 2025058266.743.32$1,929
Jun 202503,39466.483.13$10,619
May 202503,65560.553.23$11,814
Apr 202503,48962.363.54$12,362
Mar 202503,52067.704.27$15,024
Feb 202503,22470.884.34$13,995
Jan 2025343,61474.324.28$17,990
Dec 202403,59668.993.12$11,224
Nov 202403,46169.052.20$7,609
Oct 2024143,57071.372.28$9,144
Sep 202403,54869.612.36$8,389
Aug 202403,62275.632.06$7,474
Jul 202403,78379.932.15$8,121
Jun 202403,55378.082.63$9,359
May 202403,61178.812.20$7,939
Apr 2024173,38384.451.66$7,049
Mar 202403,28680.301.55$5,077
Feb 202402,94676.091.78$5,255
Jan 202403,71573.023.30$12,251
Dec 202303,78671.262.61$9,884
Nov 2023273,56577.892.81$12,112
Oct 202303,75585.443.09$11,593
Sep 202303,61689.042.74$9,890
Aug 202303,33680.522.67$8,917
Jul 2023383,33974.852.64$11,665
Jun 202303,46268.962.26$7,819
May 202303,61570.622.23$8,052
Apr 202303,53078.122.24$7,899
Mar 202304,47272.852.39$10,702
Feb 202303,69075.112.47$9,098
Jan 202303,80976.533.39$12,904
Dec 202203,50176.415.73$20,058
Nov 2022293,56085.005.65$22,565
Oct 202203,98987.185.86$23,391
Sep 202203,83284.888.16$31,283
Aug 202204,01694.529.13$36,655
Jul 202205,722101.587.54$43,156
Jun 202295,796115.097.98$47,272
May 202205,358109.378.43$45,184
Apr 202206,093104.226.84$41,662
Mar 202206,024108.885.08$30,580
Feb 202204,54491.054.86$22,079
Jan 2022204,05981.844.54$20,055
Dec 202104,05471.323.90$15,807
Nov 202103,85677.435.24$20,193
Oct 202104,00679.795.71$22,890
Sep 2021333,84869.865.35$22,896
Aug 202104,34666.024.22$18,343
Jul 202104,30570.783.98$17,143
Jun 202104,28969.493.38$14,499
May 202104,38663.483.02$13,236
Apr 202104,40860.362.76$12,159
Mar 202104,49461.302.72$12,210
Feb 202104,97157.805.55$27,579
Jan 202104,73250.412.81$13,298
Dec 2020294,74844.642.68$13,998
Nov 202004,57838.772.71$12,391
Oct 202004,74236.972.48$11,753
Sep 202004,75637.091.99$9,469
Aug 202004,86339.982.39$11,599
Jul 202004,88638.371.83$8,918
Jun 202004,78134.901.69$8,081
May 202004,74016.921.81$8,602
Apr 202004,55614.751.80$8,221
Mar 202004,90130.341.86$9,097
Feb 2020324,33649.881.98$10,184
Jan 202004,81557.252.09$10,086
Dec 201904,89459.012.30$11,278
Nov 201904,74355.302.75$13,047
Oct 201904,64553.472.42$11,234
Sep 201904,55455.052.66$12,101
Aug 2019214,65253.112.30$11,835
Jul 201904,56456.272.46$11,228
Jun 201904,48652.782.49$11,176
May 2019244,75458.482.74$14,431
Apr 201904,45262.632.75$12,246
Mar 201904,49956.803.06$13,776
Feb 201904,06750.852.79$11,356
Jan 2019224,63346.033.23$15,969
Dec 201805,39146.594.19$22,564
Nov 201805,15252.934.24$21,830
Oct 201805,15661.443.40$17,521
Sep 2018235,08859.543.11$17,183
Aug 201805,09059.403.07$15,609
Jul 201804,84965.142.93$14,217
Jun 201805,14460.183.08$15,828
May 201805,31065.382.90$15,403
Apr 2018165,28163.842.90$16,341
Mar 201805,33861.222.79$14,876
Feb 201804,83061.782.77$13,360
Jan 201805,37762.874.01$21,558
Dec 201705,44857.272.92$15,916
Nov 2017185,43055.423.12$17,930
Oct 201705,72049.292.98$17,067
Sep 201705,50947.523.09$17,008
Aug 201705,98145.373.00$17,969
Jul 201706,11043.873.09$18,863
Jun 2017295,85842.493.09$19,318
May 201706,03545.373.26$19,695
Apr 201705,82547.933.21$18,708
Mar 201706,19446.772.98$18,481
Feb 201705,61750.452.95$16,585
Jan 2017545,68049.413.42$22,087
Dec 201605,40348.763.72$20,114
Nov 201606,27942.492.64$16,604
Oct 201605,95446.193.09$18,399
Sep 201606,32841.553.10$19,621
Aug 201604,84741.442.92$14,174
Jul 201604,47041.622.92$13,072
Jun 201609,12145.352.69$24,497
May 2016584,88942.521.99$12,200
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 201604727.352.36$111
Dec 20150032.362.00$0
Nov 201508,09238.792.17$17,538
Oct 2015010,45643.552.43$25,372
Sep 2015010,25842.992.76$28,296
Aug 2015010,62740.162.87$30,526
Jul 2015010,51248.152.95$30,959
Jun 2015010,10556.152.88$29,131
May 2015010,67455.212.96$31,546
Apr 2015011,55949.822.71$31,285
Mar 2015078442.892.93$2,301
Feb 201501,67144.662.98$4,973
Jan 201503,14443.433.10$9,748
Dec 201404,16654.693.59$14,962
Nov 201404,51170.464.25$19,180
Oct 201405,08578.303.90$19,836
Sep 201404,52686.164.05$18,310
Aug 201404,97089.394.04$20,055
Jul 201405,35496.564.18$22,378
Jun 2014184,76198.164.74$24,319
May 201404,50294.734.73$21,279
Apr 201404,82895.944.81$23,218
Mar 2014165,43395.895.06$29,008
Feb 201404,70897.406.19$29,152
Jan 201404,59590.404.86$22,335
Dec 201304,45291.824.35$19,386
Nov 2013494,89888.853.74$22,664
Oct 201303,33297.423.78$12,593
Sep 201302,457104.113.72$9,134
Aug 201302,989104.253.52$10,529
Jul 201303,086102.523.72$11,473
Jun 201313,05194.403.93$12,095
May 201305,03494.834.15$20,886
Apr 201324,40393.964.28$19,044
Mar 201305,07793.623.91$19,866
Feb 2013664,36991.233.42$20,963
Jan 201304,35291.603.42$14,883
Dec 201204,56886.773.42$15,623
Nov 201205,21186.953.62$18,890
Oct 201206,74989.383.40$22,944
Sep 201205,48194.672.92$15,996
Aug 201204,19792.662.91$12,206
Jul 201206,56985.133.02$19,844
Jun 201206,25979.822.52$15,767
May 201206,21691.612.49$15,467
Apr 201206,572101.652.00$13,123
Mar 201207,119105.052.22$15,819
Feb 2012296,949101.102.57$20,793
Jan 201227,96798.092.73$21,979
Dec 201118,47596.873.24$27,554
Nov 201108,28395.723.31$27,427
Oct 201108,69884.983.65$31,735
Sep 201108,09083.623.99$32,245
Aug 201108,39683.404.15$34,838
Jul 2011927,31194.144.52$41,686
Jun 201107,32492.904.64$33,982
May 201105,44298.134.40$23,971
Apr 201102,395105.964.33$10,378
Mar 201102,00696.364.06$8,139
Feb 201104,08385.644.18$17,067
Jan 201166,55486.504.59$30,594
Dec 201006,89385.734.35$29,969
Nov 201007,99380.843.80$30,336
Oct 201009,03178.103.51$31,689
Sep 201009,05172.633.98$36,018
Aug 2010199,53373.684.42$43,530
Jul 201009,85572.554.74$46,678
Jun 201029,45970.364.91$46,588
May 201008,77571.124.24$37,164
Apr 201009,33781.694.12$38,494
Mar 2010408,14178.394.39$38,864
Feb 201009,52073.585.44$51,811
Jan 2010010,64074.365.96$63,458
Dec 2009010,33571.445.48$56,675
Nov 2009011,15974.593.75$41,863
Oct 2009011,92572.544.11$49,015
Sep 2009010,80065.543.06$33,099
Aug 20091311,99767.423.22$39,489
Jul 200909,72561.133.46$33,692
Jun 2009011,57466.163.90$45,081
May 2009613,22854.743.93$52,258
Apr 2009013,20446.773.59$47,369
Mar 2009016,56842.144.06$67,250
Feb 20091616,48132.814.63$76,881
Jan 2009019,76835.865.37$106,174
Dec 2008023,57037.105.98$140,881
Nov 2008027,45755.496.86$188,365
Oct 2008028,84475.246.92$199,658
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$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 – May 2008 (7 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            11 bbl  × $106.41 =     $1,171
Gas                3,319 Mcf  × $  3.05 =    $10,109

────────────────────────────────────────────────────
Month total                                  $11,280

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/240657 is the state's own key, not one this site invented.