LANE

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 241500District 09Field 65280200CondensateGasSaveExport
Value, all time
$11.5 M
Mar 2008 – May 2026
Value, last 12 filed months
$229 k
at the published price for each month
Months reported
219
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
CondensateDisposition12 bbl$1,320
GasProduction2,398,901 Mcf$11,514,252
Total$11,515,572

Every month this lease reported (219)

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

219 months

May 202604,714106.413.05$14,358
Apr 202603,84298.932.87$11,025
Mar 202604,40989.753.15$13,886
Feb 202605,05163.503.75$18,943
Jan 202605,16159.138.00$41,277
Dec 202505,16156.664.41$22,777
Nov 202505,29758.593.93$20,798
Oct 202505,29759.383.30$17,506
Sep 202505,15962.743.08$15,874
Aug 202505,60963.933.01$16,910
Jul 202505,58666.743.32$18,519
Jun 202505,41366.483.13$16,936
May 202505,81560.553.23$18,796
Apr 202505,52662.363.54$19,579
Mar 202504,88167.704.27$20,834
Feb 202505,44770.884.34$23,645
Jan 202505,93574.324.28$25,394
Dec 202405,31768.993.12$16,596
Nov 202405,28869.052.20$11,625
Oct 202405,52871.372.28$12,612
Sep 202405,30869.612.36$12,550
Aug 202405,50675.632.06$11,362
Jul 202405,43779.932.15$11,671
Jun 202405,44178.082.63$14,331
May 202405,65478.812.20$12,430
Apr 20240084.451.66$0
Mar 202405,96580.301.55$9,217
Feb 202405,77076.091.78$10,292
Jan 202406,94473.023.30$22,899
Dec 202306,65971.262.61$17,385
Nov 202306,26177.892.81$17,578
Oct 202306,16985.443.09$19,045
Sep 202305,97889.042.74$16,350
Aug 202306,32380.522.67$16,901
Jul 202306,43874.852.64$17,008
Jun 202306,39868.962.26$14,450
May 202306,48170.622.23$14,436
Apr 202306,48778.122.24$14,516
Mar 202306,90972.852.39$16,534
Feb 202306,41575.112.47$15,817
Jan 202307,10676.533.39$24,073
Dec 202207,14376.415.73$40,923
Nov 202206,90885.005.65$39,004
Oct 202206,41787.185.86$37,628
Sep 202204,98284.888.16$40,671
Aug 202206,62894.529.13$60,495
Jul 202205,281101.587.54$39,830
Jun 202205,089115.097.98$40,596
May 202205,529109.378.43$46,626
Apr 202205,606104.226.84$38,332
Mar 202206,164108.885.08$31,291
Feb 202206,20791.054.86$30,159
Jan 202206,54581.844.54$29,699
Dec 202106,54571.323.90$25,520
Nov 202106,43677.435.24$33,704
Oct 202106,56379.795.71$37,500
Sep 202106,71669.865.35$35,937
Aug 202106,45166.024.22$27,227
Jul 202105,79870.783.98$23,088
Jun 202106,12969.493.38$20,720
May 202106,23863.483.02$18,824
Apr 202106,05560.362.76$16,702
Mar 202106,72161.302.72$18,261
Feb 202105,99757.805.55$33,271
Jan 202107,52150.412.81$21,136
Dec 202007,38644.642.68$19,761
Nov 202006,70038.772.71$18,134
Oct 202007,32636.972.48$18,157
Sep 202007,01137.091.99$13,959
Aug 202006,94339.982.39$16,560
Jul 202007,11138.371.83$12,978
Jun 202007,06334.901.69$11,939
May 202007,35516.921.81$13,347
Apr 202007,29714.751.80$13,167
Mar 202007,63130.341.86$14,165
Feb 202007,81949.881.98$15,487
Jan 202008,41957.252.09$17,636
Dec 201908,67759.012.30$19,995
Nov 201908,40155.302.75$23,109
Oct 201908,73153.472.42$21,116
Sep 201907,96955.052.66$21,176
Aug 201908,54753.112.30$19,695
Jul 201908,35656.272.46$20,556
Jun 201908,36752.782.49$20,844
May 201909,32758.482.74$25,559
Apr 201909,29362.632.75$25,562
Mar 201909,78356.803.06$29,957
Feb 201908,63350.852.79$24,105
Jan 2019010,53346.033.23$34,002
Dec 201809,15846.594.19$38,330
Nov 201809,60052.934.24$40,678
Oct 201808,45261.443.40$28,721
Sep 201808,94059.543.11$27,786
Aug 201809,77559.403.07$29,976
Jul 2018010,19765.142.93$29,896
Jun 2018011,22260.183.08$34,529
May 2018011,62065.382.90$33,707
Apr 2018012,13563.842.90$35,201
Mar 201806,86161.222.79$19,121
Feb 201805,11261.782.77$14,140
Jan 201806,22462.874.01$24,954
Dec 201707,35557.272.92$21,488
Nov 201707,41255.423.12$23,113
Oct 201707,49749.292.98$22,369
Sep 201707,06847.523.09$21,821
Aug 201706,90745.373.00$20,751
Jul 201706,86943.873.09$21,207
Jun 201706,80542.493.09$21,009
May 201707,25445.373.26$23,673
Apr 201707,38747.933.21$23,724
Mar 201707,75746.772.98$23,144
Feb 201707,35050.452.95$21,702
Jan 201708,22249.413.42$28,109
Dec 201608,71748.763.72$32,452
Nov 201608,14942.492.64$21,549
Oct 201608,36646.193.09$25,853
Sep 201607,86041.553.10$24,371
Aug 201608,08541.442.92$23,643
Jul 201608,02841.622.92$23,477
Jun 201607,74645.352.69$20,804
May 201608,24742.521.99$16,420
Apr 201608,47536.561.99$16,874
Mar 201608,56933.011.79$15,373
Feb 201608,20026.472.06$16,922
Jan 201609,31727.352.36$22,029
Dec 2015010,08532.362.00$20,184
Nov 201509,85138.792.17$21,350
Oct 201509,54943.552.43$23,171
Sep 2015010,09242.992.76$27,838
Aug 201509,80340.162.87$28,159
Jul 201509,95748.152.95$29,324
Jun 201509,49256.152.88$27,364
May 201509,93055.212.96$29,348
Apr 201509,63449.822.71$26,075
Mar 2015010,30442.892.93$30,239
Feb 201508,87244.662.98$26,405
Jan 201509,93143.433.10$30,792
Dec 2014010,77954.693.59$38,711
Nov 2014011,49070.464.25$48,854
Oct 2014011,12478.303.90$43,394
Sep 2014010,67086.164.05$43,165
Aug 2014011,00289.394.04$44,394
Jul 2014010,37796.564.18$43,372
Jun 2014010,77298.164.74$51,026
May 2014012,21894.734.73$57,749
Apr 2014011,33995.944.81$54,531
Mar 2014010,70395.895.06$54,123
Feb 2014011,81297.406.19$73,140
Jan 2014011,08090.404.86$53,857
Dec 2013012,77291.824.35$55,615
Nov 2013010,87888.853.74$40,665
Oct 2013011,18897.423.78$42,283
Sep 2013011,456104.113.72$42,590
Aug 2013010,880104.253.52$38,326
Jul 201309,126102.523.72$33,928
Jun 2013011,33394.403.93$44,577
May 2013016,13894.834.15$66,958
Apr 2013011,95593.964.28$51,198
Mar 2013013,62693.623.91$53,317
Feb 2013013,26891.233.42$45,375
Jan 2013014,79391.603.42$50,591
Dec 2012012,44086.773.42$42,547
Nov 20120086.953.62$0
Oct 2012013,51289.383.40$45,936
Sep 2012013,48494.672.92$39,352
Aug 2012014,20892.662.91$41,319
Jul 2012014,19785.133.02$42,886
Jun 2012014,48479.822.52$36,486
May 2012015,15991.612.49$37,720
Apr 2012013,687101.652.00$27,330
Mar 2012014,156105.052.22$31,456
Feb 2012013,487101.102.57$34,665
Jan 2012015,37298.092.73$42,028
Dec 2011016,16396.873.24$52,364
Nov 2011015,94095.723.31$52,782
Oct 2011017,58184.983.65$64,145
Sep 2011018,82883.623.99$75,045
Aug 2011022,16983.404.15$91,986
Jul 2011025,17394.144.52$113,712
Jun 2011011,16492.904.64$51,800
May 2011013,20898.134.40$58,179
Apr 2011013,459105.964.33$58,322
Mar 2011013,99796.364.06$56,791
Feb 2011015,05085.644.18$62,909
Jan 2011015,39186.504.59$70,626
Dec 2010016,21085.734.35$70,477
Nov 2010018,30680.843.80$69,477
Oct 2010019,16378.103.51$67,241
Sep 2010019,81772.633.98$78,861
Aug 2010014,75373.684.42$65,199
Jul 2010014,40572.554.74$68,229
Jun 2010015,25070.364.91$74,884
May 2010018,00871.124.24$76,268
Apr 2010017,81881.694.12$73,458
Mar 2010018,73978.394.39$82,239
Feb 2010017,13973.585.44$93,277
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 2009018,85574.593.75$70,735
Oct 20090072.544.11$0
Sep 2009020,15165.543.06$61,758
Aug 20090067.423.22$0
Jul 2009024,11061.133.46$83,529
Jun 2009022,02166.163.90$85,772
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 2009025,20232.814.63$116,761
Jan 20090035.865.37$0
Dec 2008030,47037.105.98$182,123
Nov 2008027,86555.496.86$191,164
Oct 2008036,47375.246.92$252,465
Sep 2008043,526101.767.88$342,858
Aug 2008050,988114.228.48$432,532
Jul 2008057,246131.0811.39$651,999
Jun 2008063,106131.3313.03$822,437
May 2008173,918123.1711.57$855,672
Apr 2008984,516110.3110.45$884,596
Mar 2008210,888101.909.66$105,426

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                4,714 Mcf  × $  3.05 =    $14,358

────────────────────────────────────────────────────
Month total                                  $14,358

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/241500 is the state's own key, not one this site invented.