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 241330District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.7 M
Jun 2007 – May 2026
Value, last 12 filed months
$293 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
CondensateDisposition1,059 bbl$71,159
GasProduction1,768,564 Mcf$6,611,260
Total$6,682,419

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 2026116,545106.413.05$21,106
Apr 202606,34698.932.87$18,211
Mar 202606,55189.753.15$20,632
Feb 202605,98463.503.75$22,442
Jan 202606,52859.138.00$52,210
Dec 2025246,70856.664.41$30,965
Nov 202506,42958.593.93$25,243
Oct 202506,83059.383.30$22,572
Sep 202506,27462.743.08$19,305
Aug 2025246,83863.933.01$22,149
Jul 202505,92266.743.32$19,633
Jun 202505,88866.483.13$18,422
May 202507,27860.553.23$23,525
Apr 202506,92162.363.54$24,522
Mar 202507,26267.704.27$30,997
Feb 202506,48170.884.34$28,133
Jan 2025346,64974.324.28$30,976
Dec 202406,35968.993.12$19,849
Nov 202406,17169.052.20$13,567
Oct 2024145,94571.372.28$14,562
Sep 202405,90769.612.36$13,966
Aug 202406,12275.632.06$12,634
Jul 202406,69879.932.15$14,378
Jun 202406,84978.082.63$18,040
May 202406,99178.812.20$15,369
Apr 2024176,06584.451.66$11,499
Mar 202406,27880.301.55$9,700
Feb 202405,59376.091.78$9,976
Jan 202406,02173.023.30$19,855
Dec 202306,03471.262.61$15,753
Nov 2023275,56777.892.81$17,733
Oct 202305,97585.443.09$18,447
Sep 202306,44489.042.74$17,625
Aug 202307,43980.522.67$19,884
Jul 2023387,51874.852.64$22,705
Jun 202306,36468.962.26$14,373
May 202307,24170.622.23$16,129
Apr 202306,96878.122.24$15,593
Mar 202307,01172.852.39$16,778
Feb 202306,92775.112.47$17,080
Jan 202307,36876.533.39$24,961
Dec 202207,38876.415.73$42,326
Nov 2022297,32185.005.65$43,801
Oct 202207,69887.185.86$45,139
Sep 202207,33284.888.16$59,856
Aug 202207,62194.529.13$69,558
Jul 202208,113101.587.54$61,189
Jun 202298,299115.097.98$67,239
May 202209,082109.378.43$76,589
Apr 202208,058104.226.84$55,097
Mar 202208,939108.885.08$45,378
Feb 202206,37691.054.86$30,980
Jan 2022206,27381.844.54$30,102
Dec 202106,40171.323.90$24,958
Nov 202106,48977.435.24$33,982
Oct 202106,74479.795.71$38,534
Sep 2021606,75569.865.35$40,337
Aug 202107,49266.024.22$31,621
Jul 202108,25670.783.98$32,876
Jun 202108,05069.493.38$27,214
May 202108,18463.483.02$24,697
Apr 202106,65760.362.76$18,363
Mar 202107,83961.302.72$21,298
Feb 202106,66757.805.55$36,988
Jan 202107,40350.412.81$20,804
Dec 2020447,23244.642.68$21,313
Nov 202006,87338.772.71$18,602
Oct 202007,24836.972.48$17,964
Sep 202007,04037.091.99$14,017
Aug 202007,37239.982.39$17,583
Jul 202006,88938.371.83$12,573
Jun 202006,78234.901.69$11,464
May 202006,86116.921.81$12,451
Apr 202007,01814.751.80$12,663
Mar 202007,45930.341.86$13,846
Feb 2020466,26849.881.98$14,709
Jan 202007,27457.252.09$15,237
Dec 201907,66759.012.30$17,668
Nov 201907,31355.302.75$20,116
Oct 201907,12053.472.42$17,220
Sep 201907,01455.052.66$18,638
Aug 2019327,10053.112.30$18,060
Jul 201907,04056.272.46$17,319
Jun 201906,89752.782.49$17,182
May 2019367,11958.482.74$21,614
Apr 201906,69962.632.75$18,427
Mar 201906,87556.803.06$21,052
Feb 201906,37450.852.79$17,798
Jan 2019337,06046.033.23$24,310
Dec 201807,99246.594.19$33,450
Nov 201807,56352.934.24$32,046
Oct 201807,75061.443.40$26,335
Sep 2018347,74059.543.11$26,080
Aug 201807,52059.403.07$23,061
Jul 201807,21965.142.93$21,165
Jun 201807,66460.183.08$23,582
May 201808,01765.382.90$23,256
Apr 2018247,70763.842.90$23,889
Mar 201807,89561.222.79$22,002
Feb 201807,39861.782.77$20,464
Jan 201808,29862.874.01$33,269
Dec 201708,48657.272.92$24,792
Nov 2017278,33755.423.12$27,494
Oct 201708,57449.292.98$25,582
Sep 201708,64447.523.09$26,686
Aug 201708,95745.373.00$26,910
Jul 201708,60243.873.09$26,557
Jun 2017237,17542.493.09$23,129
May 201707,58245.373.26$24,743
Apr 201707,32047.933.21$23,509
Mar 201708,15846.772.98$24,341
Feb 201706,74650.452.95$19,918
Jan 201784,67949.413.42$16,392
Dec 201607,19048.763.72$26,767
Nov 201608,34442.492.64$22,064
Oct 201607,85446.193.09$24,271
Sep 201609,80741.553.10$30,408
Aug 201609,72741.442.92$28,445
Jul 201608,69841.622.92$25,436
Jun 201608,90945.352.69$23,928
May 20161089,03142.521.99$22,573
Apr 201609,53936.561.99$18,993
Mar 2016710,07833.011.79$18,311
Feb 201609,45126.472.06$19,503
Jan 2016010,46827.352.36$24,750
Dec 2015010,22832.362.00$20,470
Nov 2015010,04638.792.17$21,773
Oct 2015010,43043.552.43$25,309
Sep 2015010,04042.992.76$27,695
Aug 2015010,42440.162.87$29,943
Jul 2015010,64948.152.95$31,362
Jun 2015010,16756.152.88$29,310
May 2015010,94755.212.96$32,353
Apr 2015010,81749.822.71$29,277
Mar 2015011,37542.892.93$33,382
Feb 201509,09744.662.98$27,074
Jan 2015010,85643.433.10$33,660
Dec 201437,10854.693.59$25,691
Nov 201407,48670.464.25$31,829
Oct 201408,07178.303.90$31,485
Sep 201408,09486.164.05$32,744
Aug 201408,33389.394.04$33,625
Jul 201408,46496.564.18$35,376
Jun 201438,71098.164.74$41,553
May 201408,30594.734.73$39,254
Apr 201408,36595.944.81$40,228
Mar 201438,03095.895.06$40,894
Feb 201402,32697.406.19$14,403
Jan 201401,64690.404.86$8,001
Dec 201303,13891.824.35$13,664
Nov 201393,55288.853.74$14,078
Oct 201302,40697.423.78$9,093
Sep 201305,395104.113.72$20,057
Aug 201306,737104.253.52$23,732
Jul 201306,817102.523.72$25,344
Jun 201315,27194.403.93$20,827
May 201307,67694.834.15$31,848
Apr 201325,59993.964.28$24,166
Mar 201305,49093.623.91$21,482
Feb 201354,92091.233.42$17,282
Jan 201306,79791.603.42$23,245
Dec 201207,47586.773.42$25,566
Nov 201208,94486.953.62$32,422
Oct 201207,93889.383.40$26,987
Sep 201206,22194.672.92$18,155
Aug 201206,57192.662.91$19,110
Jul 201208,55485.133.02$25,840
Jun 201206,23579.822.52$15,706
May 201206,55891.612.49$16,318
Apr 201205,069101.652.00$10,122
Mar 201206,557105.052.22$14,570
Feb 2012335,600101.102.57$17,730
Jan 201237,73098.092.73$21,429
Dec 201128,64096.873.24$28,185
Nov 201108,35295.723.31$27,656
Oct 201108,97184.983.65$32,731
Sep 201108,37083.623.99$33,361
Aug 201106,72483.404.15$27,900
Jul 2011246,90894.144.52$33,464
Jun 2011515,45292.904.64$30,035
May 201109,03798.134.40$39,806
Apr 201107,923105.964.33$34,333
Mar 2011012,75396.364.06$51,743
Feb 2011011,57585.644.18$48,383
Jan 201168,89386.504.59$41,327
Dec 2010619,87185.734.35$48,146
Nov 201039,82480.843.80$37,528
Oct 2010010,06078.103.51$35,299
Sep 2010012,65472.633.98$50,356
Aug 20102110,74373.684.42$49,024
Jul 2010010,76272.554.74$50,974
Jun 2010110,03270.364.91$49,331
May 201003,83671.124.24$16,246
Apr 201004,46381.694.12$18,400
Mar 2010484,04378.394.39$21,506
Feb 2010010,46973.585.44$56,976
Jan 2010011,62674.365.96$69,339
Dec 2009011,51471.445.48$63,140
Nov 2009010,48174.593.75$39,319
Oct 2009012,69072.544.11$52,159
Sep 200909,73165.543.06$29,823
Aug 20091714,26167.423.22$47,045
Jul 2009014,72461.133.46$51,011
Jun 2009213,77966.163.90$53,802
May 20091016,56854.743.93$65,589
Apr 2009019,00646.773.59$68,184
Mar 2009017,06642.144.06$69,271
Feb 20092221,99632.814.63$102,629
Jan 2009027,70335.865.37$148,793
Dec 2008029,23337.105.98$174,730
Nov 2008038,36855.496.86$263,218
Oct 2008031,76075.246.92$219,842
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                6,545 Mcf  × $  3.05 =    $19,935

────────────────────────────────────────────────────
Month total                                  $21,106

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/241330 is the state's own key, not one this site invented.