PROFESSOR 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 242731District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.2 M
Jun 2007 – May 2026
Value, last 12 filed months
$114 k
at the published price for each month
Months reported
218
10 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
CondensateDisposition2,026 bbl$132,782
GasProduction712,466 Mcf$3,071,698
Total$3,204,479

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 202602,740106.413.05$8,346
Apr 202602,55498.932.87$7,329
Mar 202602,45189.753.15$7,719
Feb 202602,01863.503.75$7,568
Jan 202602,51859.138.00$20,139
Dec 202503,20756.664.41$14,154
Nov 202502,73658.593.93$10,743
Oct 202502,77659.383.30$9,174
Sep 202502,48962.743.08$7,658
Aug 202502,83563.933.01$8,547
Jul 202501,21466.743.32$4,025
Jun 202502,84366.483.13$8,895
May 202503,16760.553.23$10,237
Apr 202503,15262.363.54$11,168
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 202302,13770.622.23$4,760
Apr 202302,91378.122.24$6,519
Mar 202301,75372.852.39$4,195
Feb 202301,71775.112.47$4,234
Jan 202303,07376.533.39$10,410
Dec 202203,22576.415.73$18,476
Nov 2022128,47985.005.65$48,894
Oct 202209,78087.185.86$57,348
Sep 202209,52284.888.16$77,735
Aug 202209,76194.529.13$89,090
Jul 202209,359101.587.54$70,586
Jun 202209,854115.097.98$78,607
May 2022010,170109.378.43$85,764
Apr 202208,992104.226.84$61,484
Mar 202203,417108.885.08$17,346
Feb 202203,15891.054.86$15,344
Jan 202203,40381.844.54$15,442
Dec 202103,53571.323.90$13,783
Nov 202103,03677.435.24$15,899
Oct 202103,57479.795.71$20,421
Sep 202103,19469.865.35$17,091
Aug 2021193,28466.024.22$15,115
Jul 202103,08070.783.98$12,265
Jun 202102,53769.493.38$8,577
May 202103,27163.483.02$9,871
Apr 202103,23360.362.76$8,918
Mar 202103,54861.302.72$9,640
Feb 202103,16657.805.55$17,565
Jan 202103,72150.412.81$10,457
Dec 2020213,73544.642.68$10,930
Nov 202003,71338.772.71$10,049
Oct 202003,45536.972.48$8,563
Sep 202003,32037.091.99$6,610
Aug 202003,39039.982.39$8,085
Jul 202003,69038.371.83$6,735
Jun 202003,47634.901.69$5,876
May 202003,02516.921.81$5,490
Apr 202003,15014.751.80$5,684
Mar 202003,50830.341.86$6,512
Feb 2020143,23049.881.98$7,096
Jan 202003,44857.252.09$7,223
Dec 201903,56059.012.30$8,204
Nov 201903,87355.302.75$10,653
Oct 201903,93653.472.42$9,519
Sep 201903,24755.052.66$8,628
Aug 201903,44753.112.30$7,943
Jul 201902,28056.272.46$5,609
Jun 201903,05052.782.49$7,598
May 201903,08958.482.74$8,465
Apr 201902,32662.632.75$6,398
Mar 2019152,81756.803.06$9,478
Feb 201902,39950.852.79$6,699
Jan 201902,59346.033.23$8,371
Dec 201803,16046.594.19$13,226
Nov 2018202,96152.934.24$13,605
Oct 201802,86261.443.40$9,725
Sep 201802,63159.543.11$8,177
Aug 201802,99559.403.07$9,184
Jul 201802,81765.142.93$8,259
Jun 2018133,02360.183.08$10,084
May 201803,52065.382.90$10,211
Apr 2018193,37963.842.90$11,015
Mar 201803,59261.222.79$10,010
Feb 201803,43461.782.77$9,499
Jan 201803,25462.874.01$13,046
Dec 201703,41657.272.92$9,980
Nov 2017192,65555.423.12$9,332
Oct 201703,71249.292.98$11,075
Sep 201703,39647.523.09$10,484
Aug 201703,13745.373.00$9,425
Jul 201703,95343.873.09$12,204
Jun 2017713,76742.493.09$14,647
May 201704,89445.373.26$15,971
Apr 2017854,16547.933.21$17,450
Mar 201704,55946.772.98$13,603
Feb 201704,42450.452.95$13,062
Jan 2017123,31149.413.42$11,913
Dec 201604,96448.763.72$18,480
Nov 201606,38742.492.64$16,889
Oct 2016316,33246.193.09$20,999
Sep 201605,71441.553.10$17,717
Aug 201601,41541.442.92$4,138
Jul 2016011141.622.92$325
Jun 201609245.352.69$247
May 201604842.521.99$96
Apr 201644036.561.99$1,609
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 201519324543.552.43$9,000
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 20150849.822.71$22
Mar 20150342.892.93$9
Feb 20150044.662.98$0
Jan 201505543.433.10$171
Dec 2014179254.693.59$2,899
Nov 201402,08070.464.25$8,844
Oct 201405578.303.90$215
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140396.564.18$13
Jun 201456898.164.74$5,535
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 201426095.895.06$2,493
Feb 20140397.406.19$19
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 201352188.853.74$4,624
Oct 20130097.423.78$0
Sep 2013044104.113.72$164
Aug 201309104.253.52$32
Jul 201302102.523.72$7
Jun 2013146494.403.93$1,920
May 20130094.834.15$0
Apr 201321793.964.28$261
Mar 2013795893.623.91$7,623
Feb 2013035891.233.42$1,224
Jan 201301,82191.603.42$6,228
Dec 201202,88786.773.42$9,874
Nov 201203,87786.953.62$14,054
Oct 20124971089.383.40$6,793
Sep 20120294.672.92$6
Aug 20120092.662.91$0
Jul 2012060185.133.02$1,816
Jun 2012075679.822.52$1,904
May 201203,14191.612.49$7,816
Apr 201204,380101.652.00$8,746
Mar 201205,321105.052.22$11,824
Feb 201252125101.102.57$5,578
Jan 201253,14198.092.73$9,078
Dec 201121,78996.873.24$5,990
Nov 2011034995.723.31$1,156
Oct 201112914584.983.65$11,491
Sep 2011060883.623.99$2,423
Aug 2011091483.404.15$3,792
Jul 201101,44294.144.52$6,514
Jun 201153,03492.904.64$14,542
May 201101,40498.134.40$6,184
Apr 201101,399105.964.33$6,062
Mar 2011763,93396.364.06$23,281
Feb 201105,06485.644.18$21,167
Jan 201102,83586.504.59$13,009
Dec 20101075,42085.734.35$32,738
Nov 201008,65980.843.80$32,864
Oct 20101026,20778.103.51$92,738
Sep 20101172.633.98$77
Aug 2010056973.684.42$2,515
Jul 2010046072.554.74$2,179
Jun 2010010,56270.364.91$51,864
May 201019612,41971.124.24$66,537
Apr 2010012,24081.694.12$50,462
Mar 2010013,22578.394.39$58,040
Feb 2010011,87873.585.44$64,644
Jan 2010012,50974.365.96$74,605
Dec 200909,19471.445.48$50,418
Nov 2009538,39574.593.75$35,447
Oct 200908,51572.544.11$34,999
Sep 2009010,49565.543.06$32,165
Aug 200947,73467.423.22$25,162
Jul 2009497,69661.133.46$29,658
Jun 20091127,75266.163.90$37,604
May 20094312,87154.743.93$52,882
Apr 20096210,65546.773.59$41,125
Mar 20095413,31342.144.06$56,313
Feb 20095710,49132.814.63$50,475
Jan 20091014,99135.865.37$80,875
Dec 20085621,18037.105.98$128,673
Nov 20088925,93355.496.86$182,848
Oct 2008012,79075.246.92$88,532
Sep 200800101.767.88$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 – Aug 2008 (10 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             0 bbl  × $106.41 =         $0
Gas                2,740 Mcf  × $  3.05 =     $8,346

────────────────────────────────────────────────────
Month total                                   $8,346

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/242731 is the state's own key, not one this site invented.