RANDLE, KEITH ESTATE

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 242813District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.8 M
Sep 2008 – May 2026
Value, last 12 filed months
$240 k
at the published price for each month
Months reported
213
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
CondensateDisposition30,827 bbl$2,141,194
GasProduction1,932,806 Mcf$7,625,268
Total$9,766,462

Every month this lease reported (213)

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

213 months

May 202605,538106.413.05$16,868
Apr 202605,16298.932.87$14,813
Mar 202605,57389.753.15$17,552
Feb 202604,90863.503.75$18,407
Jan 202604,80059.138.00$38,390
Dec 202505,45256.664.41$24,062
Nov 202505,36158.593.93$21,050
Oct 202505,49159.383.30$18,147
Sep 202505,13862.743.08$15,809
Aug 202505,88863.933.01$17,751
Jul 202505,53166.743.32$18,336
Jun 202505,89166.483.13$18,431
May 202506,11160.553.23$19,753
Apr 2025525,53962.363.54$22,868
Mar 202506,21767.704.27$26,536
Feb 202503,30470.884.34$14,342
Jan 202505,33574.324.28$22,827
Dec 202406,49368.993.12$20,267
Nov 202406,23569.052.20$13,707
Oct 202406,59071.372.28$15,034
Sep 202406,12869.612.36$14,489
Aug 202406,15875.632.06$12,708
Jul 202406,55379.932.15$14,067
Jun 202405,96578.082.63$15,712
May 202406,12778.812.20$13,470
Apr 202406,05684.451.66$10,048
Mar 202406,31980.301.55$9,764
Feb 20241636,00276.091.78$23,108
Jan 202405,48473.023.30$18,084
Dec 202306,51971.262.61$17,019
Nov 202306,20877.892.81$17,429
Oct 202305,99885.443.09$18,518
Sep 20231716,27789.042.74$32,394
Aug 202306,48980.522.67$17,344
Jul 202306,54174.852.64$17,280
Jun 202306,46068.962.26$14,590
May 202306,53270.622.23$14,549
Apr 202306,76378.122.24$15,134
Mar 202306,28372.852.39$15,036
Feb 20231815,72075.112.47$27,699
Jan 202306,52776.533.39$22,112
Dec 202206,24776.415.73$35,790
Nov 202206,62185.005.65$37,383
Oct 202206,84287.185.86$40,120
Sep 202206,41184.888.16$52,337
Aug 202206,76094.529.13$61,700
Jul 202206,997101.587.54$52,772
Jun 20221576,670115.097.98$71,277
May 202207,004109.378.43$59,065
Apr 202205,984104.226.84$40,916
Mar 20221819,472108.885.08$67,791
Feb 202207,51491.054.86$36,509
Jan 202208,82081.844.54$40,022
Dec 202108,24671.323.90$32,152
Nov 202108,49377.435.24$44,477
Oct 202107,36479.795.71$42,077
Sep 20211817,22269.865.35$51,289
Aug 202107,70866.024.22$32,532
Jul 202107,11470.783.98$28,329
Jun 202107,11669.493.38$24,056
May 202107,28263.483.02$21,975
Apr 202107,13060.362.76$19,668
Mar 20211697,50861.302.72$30,758
Feb 202108,51057.805.55$47,213
Jan 202107,41450.412.81$20,835
Dec 202007,47044.642.68$19,986
Nov 202007,31038.772.71$19,785
Oct 20201707,61936.972.48$25,168
Sep 202007,64937.091.99$15,229
Aug 202007,94039.982.39$18,938
Jul 20201818,11438.371.83$21,754
Jun 202007,49334.901.69$12,665
May 202008,79316.921.81$15,957
Apr 202008,28314.751.80$14,946
Mar 202008,56730.341.86$15,902
Feb 20201758,08549.881.98$24,743
Jan 202008,74757.252.09$18,323
Dec 201908,66959.012.30$19,977
Nov 20191728,55355.302.75$33,038
Oct 201908,79353.472.42$21,266
Sep 201908,13155.052.66$21,606
Aug 201908,85353.112.30$20,401
Jul 201908,07756.272.46$19,870
Jun 201908,45752.782.49$21,068
May 201908,83258.482.74$24,203
Apr 201908,68962.632.75$23,901
Mar 20191789,13056.803.06$38,067
Feb 201907,89150.852.79$22,033
Jan 201906,97746.033.23$22,523
Dec 201809,17946.594.19$38,418
Nov 201809,34552.934.24$39,597
Oct 20181818,21461.443.40$39,032
Sep 201808,46559.543.11$26,309
Aug 201809,14259.403.07$28,034
Jul 201809,10865.142.93$26,704
Jun 20181859,00260.183.08$38,832
May 201809,27765.382.90$26,911
Apr 201808,12463.842.90$23,566
Mar 20181869,16361.222.79$36,923
Feb 201808,57961.782.77$23,731
Jan 201808,57662.874.01$34,384
Dec 201718310,35357.272.92$40,727
Nov 201709,37755.423.12$29,241
Oct 201718410,01849.292.98$38,960
Sep 201718812,06847.523.09$46,191
Aug 201709,26645.373.00$27,839
Jul 2017010,06443.873.09$31,070
Jun 201718410,60742.493.09$40,565
May 2017010,89645.373.26$35,558
Apr 2017010,65847.933.21$34,229
Mar 201717010,59846.772.98$39,572
Feb 201708,94550.452.95$26,411
Jan 201709,08049.413.42$31,043
Dec 201608,32048.763.72$30,974
Nov 2016014,77842.492.64$39,078
Oct 201606,91646.193.09$21,372
Sep 201606,73941.553.10$20,895
Aug 201606,65341.442.92$19,456
Jul 201607,20841.622.92$21,079
Jun 201604,79345.352.69$12,873
May 20160042.521.99$0
Apr 201620236.561.99$735
Mar 20160033.011.79$0
Feb 20160326.472.06$6
Jan 20160327.352.36$7
Dec 20150332.362.00$6
Nov 20150038.792.17$0
Oct 20150343.552.43$7
Sep 20150042.992.76$0
Aug 20150340.162.87$9
Jul 20150048.152.95$0
Jun 20150356.152.88$9
May 201582155.212.96$4,530
Apr 2015107649.822.71$5,347
Mar 201501,34442.892.93$3,944
Feb 201506,30944.662.98$18,777
Jan 20151907,57143.433.10$31,727
Dec 20141907,61054.693.59$37,721
Nov 201407,26070.464.25$30,868
Oct 201407,80278.303.90$30,435
Sep 201407,65286.164.05$30,956
Aug 20141818,91089.394.04$52,133
Jul 201408,13096.564.18$33,980
Jun 20141717,85298.164.74$53,979
May 20141728,20594.734.73$55,075
Apr 201408,44695.944.81$40,618
Mar 20141808,66995.895.06$61,098
Feb 20141747,41897.406.19$62,880
Jan 201409,01090.404.86$43,795
Dec 20131688,76091.824.35$53,571
Nov 20131728,51688.853.74$47,117
Oct 201308,77397.423.78$33,156
Sep 20131788,297104.113.72$49,378
Aug 2013118,072104.253.52$29,581
Jul 20131918,126102.523.72$49,792
Jun 20131798,38294.403.93$49,867
May 201308,87894.834.15$36,836
Apr 20131778,61993.964.28$53,543
Mar 201308,16093.623.91$31,929
Feb 20131857,37291.233.42$42,089
Jan 20131868,13291.603.42$44,848
Dec 201207,40686.773.42$25,330
Nov 20121837,82586.953.62$44,277
Oct 201208,48389.383.40$28,839
Sep 20121587,45094.672.92$36,700
Aug 20121788,73192.662.91$41,885
Jul 201238,89485.133.02$27,122
Jun 20123638,71179.822.52$50,918
May 201268,97991.612.49$22,892
Apr 20121858,932101.652.00$36,641
Mar 20121999,212105.052.22$41,375
Feb 20121888,832101.102.57$41,707
Jan 20121839,64998.092.73$44,332
Dec 20111849,57396.873.24$48,838
Nov 20111909,76495.723.31$50,518
Oct 201119210,24484.983.65$53,692
Sep 20111969,90983.623.99$55,885
Aug 201119210,17483.404.15$58,228
Jul 201119010,30794.144.52$64,446
Jun 201119410,26292.904.64$65,637
May 201118810,97398.134.40$66,783
Apr 201119910,850105.964.33$68,102
Mar 201120811,98396.364.06$68,662
Feb 20112039,83285.644.18$58,482
Jan 201120711,96186.504.59$72,792
Dec 201020912,12585.734.35$70,634
Nov 201020112,15580.843.80$62,381
Oct 201040512,60778.103.51$75,867
Sep 201020312,35172.633.98$63,894
Aug 201039812,48673.684.42$84,505
Jul 201019413,30272.554.74$77,079
Jun 201020212,94470.364.91$77,773
May 201055914,58171.124.24$101,510
Apr 201020614,64781.694.12$77,213
Mar 201038015,51878.394.39$97,892
Feb 201039415,27973.585.44$112,144
Jan 201047616,56974.365.96$134,214
Dec 200937917,44471.445.48$122,734
Nov 200939717,54174.593.75$95,417
Oct 200959918,35672.544.11$118,899
Sep 200940018,37165.543.06$82,519
Aug 200964320,92867.423.22$110,708
Jul 200959521,67761.133.46$111,472
Jun 200939322,03866.163.90$111,839
May 200993023,85854.743.93$144,569
Apr 200977025,11546.773.59$126,113
Mar 200997128,74242.144.06$157,582
Feb 20091,01224,91032.814.63$148,612
Jan 20091,15029,43835.865.37$199,351
Dec 20081,51133,94337.105.98$258,940
Nov 20081,90837,80155.496.86$365,203
Oct 20083,06952,63175.246.92$595,222
Sep 20081,77835,463101.767.88$460,275

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                5,538 Mcf  × $  3.05 =    $16,868

────────────────────────────────────────────────────
Month total                                  $16,868

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/242813 is the state's own key, not one this site invented.