BAILEY RANCH GU "A"

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 240956District 09Field 65280200CondensateGasSaveExport
Value, all time
$11.6 M
Mar 2007 – May 2026
Value, last 12 filed months
$90 k
at the published price for each month
Months reported
231
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
CondensateDisposition2,775 bbl$213,950
GasProduction2,068,863 Mcf$11,359,381
Total$11,573,331

Every month this lease reported (231)

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

231 months

May 202602,159106.413.05$6,576
Apr 202601,77498.932.87$5,091
Mar 202601,93989.753.15$6,107
Feb 202601,67163.503.75$6,267
Jan 202601,91659.138.00$15,324
Dec 202501,74056.664.41$7,679
Nov 202501,61458.593.93$6,337
Oct 202502,19259.383.30$7,244
Sep 202502,26362.743.08$6,963
Aug 202502,32963.933.01$7,021
Jul 202502,35166.743.32$7,794
Jun 202502,40866.483.13$7,534
May 202502,50860.553.23$8,107
Apr 202502,27862.363.54$8,071
Mar 202502,13167.704.27$9,096
Feb 202501,72570.884.34$7,488
Jan 202512,58974.324.28$11,152
Dec 202402,77168.993.12$8,649
Nov 202402,18669.052.20$4,806
Oct 202402,03171.372.28$4,634
Sep 202402,32869.612.36$5,504
Aug 202402,69975.632.06$5,570
Jul 202402,19779.932.15$4,716
Jun 202402,33678.082.63$6,153
May 202403,18578.812.20$7,002
Apr 202402,56384.451.66$4,253
Mar 202402,73480.301.55$4,224
Feb 202402,56076.091.78$4,566
Jan 202402,42873.023.30$8,007
Dec 202302,88171.262.61$7,521
Nov 202303,26177.892.81$9,155
Oct 202303,21985.443.09$9,938
Sep 202302,72589.042.74$7,453
Aug 202302,90780.522.67$7,770
Jul 202303,31674.852.64$8,760
Jun 2023293,17968.962.26$9,180
May 202303,70770.622.23$8,257
Apr 202303,48178.122.24$7,790
Mar 202303,13172.852.39$7,493
Feb 20230075.112.47$0
Jan 202303,56876.533.39$12,087
Dec 202205,31676.415.73$30,456
Nov 202204,85785.005.65$27,424
Oct 202205,88887.185.86$34,526
Sep 202208,30384.888.16$67,783
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 2022220104.226.84$2,293
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 2022093281.844.54$4,229
Dec 202102,42671.323.90$9,459
Nov 202102,77177.435.24$14,511
Oct 202102,84979.795.71$16,279
Sep 202102,87169.865.35$15,362
Aug 202103,32166.024.22$14,017
Jul 202102,25170.783.98$8,964
Jun 202103,09469.493.38$10,460
May 202102,68663.483.02$8,105
Apr 202103,04460.362.76$8,397
Mar 202103,45561.302.72$9,387
Feb 202101,96457.805.55$10,896
Jan 202102,85950.412.81$8,035
Dec 202002,92544.642.68$7,826
Nov 202003,27138.772.71$8,853
Oct 202003,71836.972.48$9,215
Sep 202003,78837.091.99$7,542
Aug 202003,96039.982.39$9,445
Jul 202004,46638.371.83$8,151
Jun 202004,76534.901.69$8,054
May 202003,74916.921.81$6,804
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 202002,56857.252.09$5,379
Dec 201902,57359.012.30$5,929
Nov 201904,00055.302.75$11,003
Oct 201903,38253.472.42$8,180
Sep 201904,31955.052.66$11,477
Aug 201903,93553.112.30$9,068
Jul 201903,05156.272.46$7,506
Jun 201903,45752.782.49$8,612
May 201903,96358.482.74$10,860
Apr 201902,13062.632.75$5,859
Mar 201902,48956.803.06$7,622
Feb 201903,93450.852.79$10,985
Jan 201902,47946.033.23$8,003
Dec 201802,66146.594.19$11,137
Nov 201802,70952.934.24$11,479
Oct 201801,86561.443.40$6,337
Sep 201804,20759.543.11$13,075
Aug 201805,83659.403.07$17,896
Jul 201805,42765.142.93$15,911
Jun 201805,34060.183.08$16,431
May 201808,47865.382.90$24,593
Apr 201805,13663.842.90$14,899
Mar 201805,58761.222.79$15,570
Feb 201805,10261.782.77$14,113
Jan 201804,24562.874.01$17,020
Dec 201705,22757.272.92$15,271
Nov 201705,92155.423.12$18,464
Oct 201705,71149.292.98$17,040
Sep 201705,86647.523.09$18,110
Aug 201706,71745.373.00$20,181
Jul 201705,66943.873.09$17,502
Jun 201709,15042.493.09$28,249
May 201705,47245.373.26$17,857
Apr 201706,81947.933.21$21,900
Mar 201707,37846.772.98$22,014
Feb 201706,78450.452.95$20,030
Jan 20171165,71849.413.42$25,280
Dec 201607,22748.763.72$26,905
Nov 201607,59542.492.64$20,084
Oct 201607,21546.193.09$22,296
Sep 201607,85041.553.10$24,340
Aug 201607,61841.442.92$22,278
Jul 201607,58241.622.92$22,172
Jun 201607,93445.352.69$21,309
May 201608,17142.521.99$16,269
Apr 201607,07936.561.99$14,095
Mar 201606,17233.011.79$11,073
Feb 201603,62726.472.06$7,485
Jan 201605,03927.352.36$11,914
Dec 201508,61832.362.00$17,248
Nov 201508,42838.792.17$18,266
Oct 201508,43443.552.43$20,466
Sep 201508,54742.992.76$23,576
Aug 201509,07140.162.87$26,056
Jul 201508,64148.152.95$25,448
Jun 201508,33656.152.88$24,032
May 201508,64655.212.96$25,553
Apr 201507,30049.822.71$19,758
Mar 201503,88742.892.93$11,407
Feb 201503,37944.662.98$10,057
Jan 201502,73443.433.10$8,477
Dec 201403,01154.693.59$10,814
Nov 201403,57670.464.25$15,205
Oct 201403,49878.303.90$13,646
Sep 201403,70186.164.05$14,972
Aug 201403,43189.394.04$13,845
Jul 201404,64196.564.18$19,398
Jun 201404,24798.164.74$20,118
May 201404,52394.734.73$21,378
Apr 201403,60195.944.81$17,318
Mar 201405,63095.895.06$28,470
Feb 201402,73097.406.19$16,904
Jan 201403,09390.404.86$15,034
Dec 201302,80591.824.35$12,214
Nov 201303,75988.853.74$14,052
Oct 201304,76297.423.78$17,997
Sep 201303,881104.113.72$14,429
Aug 201303,515104.253.52$12,382
Jul 2013933,853102.523.72$23,859
Jun 201303,97394.403.93$15,627
May 201305,98694.834.15$24,836
Apr 201301,38793.964.28$5,940
Mar 201303,41493.623.91$13,359
Feb 201304,38591.233.42$14,996
Jan 201304,53291.603.42$15,499
Dec 201206,36086.773.42$21,752
Nov 201207,72386.953.62$27,996
Oct 201207,61289.383.40$25,878
Sep 201206,71894.672.92$19,606
Aug 2012011,09992.662.91$32,278
Jul 201204,66285.133.02$14,083
Jun 201204,34579.822.52$10,945
May 201206,60791.612.49$16,440
Apr 201207,971101.652.00$15,916
Mar 201205,884105.052.22$13,075
Feb 201208,023101.102.57$20,621
Jan 201209,29498.092.73$25,411
Dec 201109,83496.873.24$31,860
Nov 201106,97595.723.31$23,096
Oct 2011011,70084.983.65$42,688
Sep 201102,80083.623.99$11,160
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20111394,22092.904.64$32,493
May 2011010,16298.134.40$44,762
Apr 201109,880105.964.33$42,813
Mar 201114910,32996.364.06$56,266
Feb 201107,87885.644.18$32,930
Jan 2011012,04186.504.59$55,254
Dec 2010011,75685.734.35$51,112
Nov 2010012,05580.843.80$45,753
Oct 201007,75578.103.51$27,211
Sep 201007,02772.633.98$27,964
Aug 2010012,44773.684.42$55,008
Jul 2010010,78372.554.74$51,074
Jun 2010012,70070.364.91$62,362
May 2010015,38171.124.24$65,142
Apr 2010015,88081.694.12$65,468
Mar 2010016,88878.394.39$74,116
Feb 2010015,24373.585.44$82,958
Jan 2010017,13474.365.96$102,189
Dec 2009017,74371.445.48$97,298
Nov 200918915,58574.593.75$72,565
Oct 2009019,49172.544.11$80,113
Sep 2009018,86365.543.06$57,810
Aug 2009020,85667.423.22$67,125
Jul 2009015,38661.133.46$53,305
Jun 2009019,84366.163.90$77,288
May 2009021,26254.743.93$83,469
Apr 2009021,10946.773.59$75,729
Mar 2009023,65742.144.06$96,024
Feb 2009019,00832.814.63$88,064
Jan 2009023,49235.865.37$126,176
Dec 2008026,99337.105.98$161,341
Nov 2008012,70155.496.86$87,133
Oct 200816727,71175.246.92$204,380
Sep 2008020,468101.767.88$161,228
Aug 2008035,765114.228.48$303,395
Jul 2008037,152131.0811.39$423,140
Jun 2008026,329131.3313.03$343,136
May 200817139,288123.1711.57$475,793
Apr 2008044,229110.3110.45$462,408
Mar 200818914,967101.909.66$163,901
Feb 2008035,13492.538.77$308,146
Jan 2008029,43990.388.21$241,568
Dec 200718639,61888.337.30$305,719
Nov 2007038,42591.677.29$280,184
Oct 2007042,72382.856.92$295,728
Sep 200718645,04575.846.24$295,374
Aug 200718349,03069.066.39$325,839
Jul 20072152,26370.906.39$335,342
Jun 200717758,14362.007.55$449,864
May 200717869,89958.747.85$558,903
Apr 200737787,54459.617.81$705,771
Mar 200720245,65856.927.30$344,891

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                2,159 Mcf  × $  3.05 =     $6,576

────────────────────────────────────────────────────
Month total                                   $6,576

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/240956 is the state's own key, not one this site invented.