OLCOTT SOUTH

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 243567District 09Field 65280200CondensateGasSaveExport
Value, all time
$11.0 M
Jun 2007 – May 2026
Value, last 12 filed months
$74 k
at the published price for each month
Months reported
220
8 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 bbl$33
GasProduction2,793,585 Mcf$11,015,863
Total$11,015,896

Every month this lease reported (220)

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

220 months

May 202602,638106.413.05$8,035
Apr 202604,66298.932.87$13,379
Mar 202603,26889.753.15$10,292
Feb 2026060263.503.75$2,258
Jan 2026070659.138.00$5,647
Dec 202501,01956.664.41$4,497
Nov 202501,33758.593.93$5,250
Oct 202501,62359.383.30$5,364
Sep 202501,85462.743.08$5,705
Aug 202502,28263.933.01$6,880
Jul 2025048466.743.32$1,605
Jun 202501,49266.483.13$4,668
May 202502,14960.553.23$6,946
Apr 202501,27562.363.54$4,517
Mar 202501,80867.704.27$7,717
Feb 202501,46570.884.34$6,359
Jan 202503,74174.324.28$16,007
Dec 202405,07468.993.12$15,838
Nov 202405,63469.052.20$12,386
Oct 202406,82171.372.28$15,561
Sep 202406,94069.612.36$16,409
Aug 202406,24275.632.06$12,881
Jul 202406,66679.932.15$14,309
Jun 202406,60078.082.63$17,384
May 202406,75278.812.20$14,844
Apr 202406,82884.451.66$11,329
Mar 202407,24680.301.55$11,196
Feb 202404,74176.091.78$8,456
Jan 202407,78573.023.30$25,672
Dec 202307,59671.262.61$19,831
Nov 202306,30877.892.81$17,710
Oct 202304,20685.443.09$12,985
Sep 202304,78989.042.74$13,098
Aug 202304,28080.522.67$11,440
Jul 202305,64774.852.64$14,918
Jun 202307,00068.962.26$15,809
May 202306,73270.622.23$14,995
Apr 202305,19378.122.24$11,621
Mar 202307,24672.852.39$17,341
Feb 202304,31175.112.47$10,630
Jan 202306,94576.533.39$23,528
Dec 202207,25976.415.73$41,587
Nov 202206,51585.005.65$36,785
Oct 202206,70687.185.86$39,322
Sep 202207,09184.888.16$57,889
Aug 202207,25694.529.13$66,227
Jul 202208,660101.587.54$65,314
Jun 202209,133115.097.98$72,856
May 202209,784109.378.43$82,509
Apr 2022010,597104.226.84$72,458
Mar 202209,806108.885.08$49,779
Feb 202208,98491.054.86$43,652
Jan 202209,91081.844.54$44,968
Dec 202109,75571.323.90$38,036
Nov 202109,39377.435.24$49,190
Oct 202109,93379.795.71$56,756
Sep 202109,63169.865.35$51,535
Aug 202109,65966.024.22$40,767
Jul 202109,37870.783.98$37,344
Jun 202108,75069.493.38$29,580
May 202109,84563.483.02$29,709
Apr 2021010,70760.362.76$29,534
Mar 2021011,28461.302.72$30,658
Feb 202109,08257.805.55$50,386
Jan 2021011,36350.412.81$31,933
Dec 2020011,58544.642.68$30,995
Nov 2020011,60938.772.71$31,421
Oct 2020012,13036.972.48$30,063
Sep 2020011,78137.091.99$23,456
Aug 2020012,17239.982.39$29,031
Jul 2020012,31038.371.83$22,467
Jun 2020012,28034.901.69$20,757
May 2020013,13216.921.81$23,831
Apr 2020012,79014.751.80$23,078
Mar 2020013,45030.341.86$24,966
Feb 2020012,59849.881.98$24,952
Jan 2020013,56857.252.09$28,421
Dec 2019012,67859.012.30$29,215
Nov 2019012,88455.302.75$35,440
Oct 2019014,17453.472.42$34,280
Sep 2019014,10655.052.66$37,484
Aug 2019014,49853.112.30$33,409
Jul 2019013,85556.272.46$34,084
Jun 2019014,16752.782.49$35,293
May 2019015,51358.482.74$42,511
Apr 2019015,24662.632.75$41,937
Mar 2019015,96456.803.06$48,883
Feb 2019013,77450.852.79$38,460
Jan 2019016,46246.033.23$53,142
Dec 2018015,27446.594.19$63,928
Nov 2018013,31952.934.24$56,436
Oct 2018014,00961.443.40$47,604
Sep 2018013,05259.543.11$40,566
Aug 2018014,67759.403.07$45,008
Jul 2018015,66765.142.93$45,934
Jun 2018016,27660.183.08$50,080
May 2018016,98065.382.90$49,256
Apr 2018016,67163.842.90$48,359
Mar 2018017,14261.222.79$47,772
Feb 2018015,52161.782.77$42,933
Jan 2018017,95362.874.01$71,979
Dec 2017018,22157.272.92$53,233
Nov 2017017,63055.423.12$54,977
Oct 2017017,70049.292.98$52,811
Sep 2017016,38947.523.09$50,597
Aug 2017019,53245.373.00$58,682
Jul 2017019,29743.873.09$59,575
Jun 2017019,49142.493.09$60,174
May 2017020,97345.373.26$68,443
Apr 2017020,39247.933.21$65,491
Mar 2017017,91346.772.98$53,447
Feb 2017020,59850.452.95$60,818
Jan 2017023,40749.413.42$80,024
Dec 2016021,98748.763.72$81,854
Nov 2016019,75942.492.64$52,250
Oct 2016018,69246.193.09$57,763
Sep 2016012,97141.553.10$40,218
Aug 201605,31841.442.92$15,552
Jul 201602,00341.622.92$5,857
Jun 201603,40645.352.69$9,148
May 2016012,77342.521.99$25,432
Apr 2016028,77336.561.99$57,288
Mar 2016013,80333.011.79$24,763
Feb 201601,09626.472.06$2,262
Jan 20160127.352.36$2
Dec 201502,68632.362.00$5,376
Nov 20150338.792.17$7
Oct 20150643.552.43$15
Sep 20150242.992.76$6
Aug 20150540.162.87$14
Jul 20150348.152.95$9
Jun 20150456.152.88$12
May 20150455.212.96$12
Apr 20150349.822.71$8
Mar 201501,12242.892.93$3,293
Feb 201505,21544.662.98$15,521
Jan 201505,81343.433.10$18,024
Dec 2014010,37754.693.59$37,268
Nov 2014012,00370.464.25$51,035
Oct 2014010,79978.303.90$42,126
Sep 201407,93786.164.05$32,109
Aug 201409,50689.394.04$38,358
Jul 201409,30996.564.18$38,908
Jun 201408,29898.164.74$39,307
May 201405,97694.734.73$28,246
Apr 201407,45995.944.81$35,871
Mar 2014023,52895.895.06$118,976
Feb 2014021,76597.406.19$134,769
Jan 2014038490.404.86$1,867
Dec 201301,01891.824.35$4,433
Nov 2013054488.853.74$2,034
Oct 2013047397.423.78$1,788
Sep 20130437104.113.72$1,625
Aug 20130181104.253.52$638
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 201301,83193.964.28$7,841
Mar 201302,01693.623.91$7,888
Feb 20130091.233.42$0
Jan 201303,49591.603.42$11,953
Dec 201205,90086.773.42$20,179
Nov 201205,65386.953.62$20,492
Oct 201207,19589.383.40$24,461
Sep 201207,44994.672.92$21,739
Aug 201207,07892.662.91$20,584
Jul 201209,53885.133.02$28,812
Jun 2012010,94979.822.52$27,581
May 2012011,70091.612.49$29,113
Apr 2012019,336101.652.00$38,610
Mar 2012020,685105.052.22$45,964
Feb 2012019,081101.102.57$49,043
Jan 2012019,39498.092.73$53,025
Dec 2011012,94296.873.24$41,929
Nov 2011015,26995.723.31$50,560
Oct 2011016,21084.983.65$59,143
Sep 2011017,42083.623.99$69,433
Aug 2011019,15783.404.15$79,489
Jul 2011016,82194.144.52$75,984
Jun 2011023,66692.904.64$109,807
May 2011024,49598.134.40$107,896
Apr 2011018,340105.964.33$79,472
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 2010023485.734.35$1,017
Nov 2010013,95680.843.80$52,968
Oct 2010013,86678.103.51$48,654
Sep 2010025,29272.633.98$100,649
Aug 2010028,97273.684.42$128,038
Jul 201007,86872.554.74$37,267
Jun 2010093270.364.91$4,576
May 201005,73871.124.24$24,302
Apr 201004,30181.694.12$17,732
Mar 2010026,71778.394.39$117,252
Feb 2010026,68673.585.44$145,235
Jan 2010021,23074.365.96$126,618
Dec 2009031,26571.445.48$171,449
Nov 2009041,30674.593.75$154,959
Oct 2009035,05672.544.11$144,089
Sep 2009062,97765.543.06$193,009
Aug 2009046,69967.423.22$150,301
Jul 2009034,43761.133.46$119,307
Jun 2009048,65366.163.90$189,503
May 2009050,11254.743.93$196,727
Apr 2009051,74346.773.59$185,628
Mar 2009059,25942.144.06$240,532
Feb 2009158,73432.814.63$272,147
Jan 2009076,20435.865.37$409,292
Dec 2008084,63837.105.98$505,893
Nov 2008089,07855.496.86$611,107
Oct 2008020,92775.246.92$144,856
Sep 2008045,704101.767.88$360,015
Aug 2008038,661114.228.48$327,962
Jul 200800131.0811.39$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 – Jun 2008 (8 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                2,638 Mcf  × $  3.05 =     $8,035

────────────────────────────────────────────────────
Month total                                   $8,035

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/243567 is the state's own key, not one this site invented.