MAYFIELD

Operated by FORMENTERA OPERATIONS LLC (P-5 276959) 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 245308District 09Field 65280200CondensateGasSaveExport
Value, all time
$14.9 M
Oct 2008 – May 2026
Value, last 12 filed months
$267 k
at the published price for each month
Months reported
212
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
CondensateDisposition1 bbl$71
GasProduction3,818,612 Mcf$14,882,757
Total$14,882,828

Every month this lease reported (212)

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

212 months

May 202606,795106.413.05$20,696
Apr 202606,88698.932.87$19,761
Mar 202607,12189.753.15$22,427
Feb 202606,51963.503.75$24,448
Jan 202603,90459.138.00$31,224
Dec 202506,86956.664.41$30,315
Nov 202505,50058.593.93$21,595
Oct 202507,09359.383.30$23,441
Sep 202506,82262.743.08$20,991
Aug 202507,90163.933.01$23,820
Jul 202504,16466.743.32$13,804
Jun 202504,58266.483.13$14,336
May 202505,93760.553.23$19,190
Apr 202506,96762.363.54$24,685
Mar 202505,65267.704.27$24,125
Feb 202515,71370.884.34$24,870
Jan 202506,86074.324.28$29,352
Dec 202404,45168.993.12$13,893
Nov 202406,65869.052.20$14,637
Oct 202407,43871.372.28$16,969
Sep 202405,83569.612.36$13,796
Aug 202404,64375.632.06$9,581
Jul 202404,16079.932.15$8,930
Jun 202407,14178.082.63$18,809
May 202406,31578.812.20$13,883
Apr 202405,48684.451.66$9,102
Mar 202405,19280.301.55$8,022
Feb 202405,80476.091.78$10,352
Jan 202406,51373.023.30$21,478
Dec 202306,99871.262.61$18,270
Nov 202307,12577.892.81$20,004
Oct 202307,60485.443.09$23,476
Sep 202306,71289.042.74$18,358
Aug 202307,51880.522.67$20,095
Jul 202307,65174.852.64$20,212
Jun 202307,65268.962.26$17,282
May 202307,54970.622.23$16,815
Apr 202307,58078.122.24$16,962
Mar 202307,96072.852.39$19,050
Feb 202307,32875.112.47$18,069
Jan 202308,25476.533.39$27,962
Dec 202206,58876.415.73$37,743
Nov 202207,84185.005.65$44,272
Oct 202208,03787.185.86$47,127
Sep 202207,97884.888.16$65,130
Aug 202208,33694.529.13$76,084
Jul 202208,173101.587.54$61,641
Jun 202208,149115.097.98$65,006
May 202208,575109.378.43$72,313
Apr 202208,310104.226.84$56,820
Mar 202208,582108.885.08$43,566
Feb 202208,09391.054.86$39,323
Jan 202208,98281.844.54$40,757
Dec 202108,85171.323.90$34,511
Nov 202108,59777.435.24$45,021
Oct 202108,90279.795.71$50,865
Sep 202108,53469.865.35$45,665
Aug 202108,97266.024.22$37,867
Jul 202109,07770.783.98$36,145
Jun 202108,87869.493.38$30,013
May 202109,30163.483.02$28,067
Apr 202109,10060.362.76$25,102
Mar 202109,53661.302.72$25,909
Feb 202107,86457.805.55$43,629
Jan 202109,59350.412.81$26,959
Dec 202009,61544.642.68$25,725
Nov 202009,36338.772.71$25,342
Oct 202009,20936.972.48$22,824
Sep 202008,95737.091.99$17,834
Aug 202009,61439.982.39$22,930
Jul 202009,34138.371.83$17,048
Jun 202009,06634.901.69$15,324
May 202008,79816.921.81$15,966
Apr 202006,73914.751.80$12,160
Mar 202008,73430.341.86$16,212
Feb 202009,04049.881.98$17,905
Jan 202009,34657.252.09$19,577
Dec 201909,33559.012.30$21,511
Nov 201909,14855.302.75$25,163
Oct 2019010,64853.472.42$25,753
Sep 201908,91455.052.66$23,687
Aug 201909,33353.112.30$21,507
Jul 201909,22756.272.46$22,699
Jun 201909,83652.782.49$24,503
May 2019010,01958.482.74$27,455
Apr 201909,47062.632.75$26,049
Mar 201909,83856.803.06$30,125
Feb 2019011,01350.852.79$30,751
Jan 2019011,71346.033.23$37,812
Dec 201803,98946.594.19$16,696
Nov 201808,64552.934.24$36,631
Oct 2018011,17061.443.40$37,957
Sep 2018012,68959.543.11$39,437
Aug 2018012,23459.403.07$37,516
Jul 2018011,25765.142.93$33,004
Jun 2018011,67860.183.08$35,932
May 2018014,03165.382.90$40,701
Apr 2018012,21263.842.90$35,425
Mar 2018013,18761.222.79$36,750
Feb 2018011,95061.782.77$33,055
Jan 2018010,53162.874.01$42,222
Dec 2017012,92557.272.92$37,761
Nov 2017012,92955.423.12$40,317
Oct 2017012,85949.292.98$38,367
Sep 2017013,04547.523.09$40,274
Aug 2017013,72145.373.00$41,223
Jul 2017013,45243.873.09$41,530
Jun 2017013,70142.493.09$42,299
May 2017013,88645.373.26$45,316
Apr 2017013,67547.933.21$43,919
Mar 2017015,03046.772.98$44,845
Feb 2017011,05750.452.95$32,647
Jan 2017013,87449.413.42$47,432
Dec 2016014,34248.763.72$53,393
Nov 2016013,48642.492.64$35,662
Oct 2016014,57646.193.09$45,044
Sep 2016015,75541.553.10$48,850
Aug 2016016,53441.442.92$48,351
Jul 2016016,65241.622.92$48,696
Jun 2016014,40045.352.69$38,676
May 2016014,91242.521.99$29,690
Apr 2016015,16736.561.99$30,198
Mar 2016016,17633.011.79$29,020
Feb 2016014,80626.472.06$30,554
Jan 2016015,76927.352.36$37,284
Dec 2015016,33432.362.00$32,691
Nov 2015016,16038.792.17$35,024
Oct 2015017,02043.552.43$41,300
Sep 2015017,31642.992.76$47,765
Aug 2015019,32940.162.87$55,522
Jul 2015014,50948.152.95$42,730
Jun 2015018,46356.152.88$53,226
May 2015019,06055.212.96$56,331
Apr 2015019,38449.822.71$52,464
Mar 2015014,95742.892.93$43,894
Feb 2015013,15144.662.98$39,140
Jan 2015014,90443.433.10$46,212
Dec 2014015,80454.693.59$56,758
Nov 2014015,84670.464.25$67,375
Oct 2014016,07078.303.90$62,688
Sep 2014016,16286.164.05$65,382
Aug 2014017,20089.394.04$69,404
Jul 2014016,82096.564.18$70,301
Jun 2014017,19898.164.74$81,465
May 2014018,14094.734.73$85,740
Apr 2014018,39895.944.81$88,478
Mar 2014019,39595.895.06$98,077
Feb 2014017,84497.406.19$110,490
Jan 2014020,88090.404.86$101,492
Dec 2013020,53891.824.35$89,432
Nov 2013019,73288.853.74$73,764
Oct 2013020,02797.423.78$75,689
Sep 2013019,671104.113.72$73,132
Aug 2013021,277104.253.52$74,951
Jul 2013019,753102.523.72$73,437
Jun 2013017,95894.403.93$70,636
May 2013019,18594.834.15$79,600
Apr 2013019,58793.964.28$83,883
Mar 2013020,87193.623.91$81,666
Feb 2013018,55391.233.42$63,450
Jan 2013019,77591.603.42$67,629
Dec 2012020,81186.773.42$71,177
Nov 2012020,63586.953.62$74,801
Oct 2012022,24189.383.40$75,612
Sep 2012025,41594.672.92$74,171
Aug 2012031,26192.662.91$90,912
Jul 2012033,02685.133.02$99,765
Jun 20120079.822.52$0
May 2012015,38491.612.49$38,280
Apr 2012020,679101.652.00$41,292
Mar 2012022,165105.052.22$49,252
Feb 2012020,805101.102.57$53,474
Jan 2012024,62998.092.73$67,338
Dec 2011023,64196.873.24$76,591
Nov 2011023,94595.723.31$79,289
Oct 2011030,30184.983.65$110,554
Sep 2011030,16583.623.99$120,232
Aug 2011032,29783.404.15$134,011
Jul 2011033,31194.144.52$150,474
Jun 2011033,64792.904.64$156,118
May 2011034,97398.134.40$154,050
Apr 2011033,732105.964.33$146,170
Mar 2011036,38196.364.06$147,610
Feb 2011031,90585.644.18$133,362
Jan 2011035,64586.504.59$163,567
Dec 2010036,06485.734.35$156,797
Nov 2010035,15480.843.80$133,421
Oct 2010037,13478.103.51$130,299
Sep 2010036,87272.633.98$146,731
Aug 2010038,68073.684.42$170,941
Jul 2010039,36072.554.74$186,428
Jun 2010039,44270.364.91$193,676
May 2010042,40771.124.24$179,603
Apr 2010040,96681.694.12$168,890
Mar 2010042,71278.394.39$187,449
Feb 2010039,77773.585.44$216,481
Jan 2010044,80374.365.96$267,209
Dec 2009045,87771.445.48$251,578
Nov 2009045,08174.593.75$169,121
Oct 2009047,38272.544.11$194,752
Sep 2009046,02065.543.06$141,040
Aug 2009039,36767.423.22$126,703
Jul 2009056,26361.133.46$194,923
Jun 2009056,81766.163.90$221,302
May 2009061,90754.743.93$243,031
Apr 2009056,62546.773.59$203,142
Mar 2009062,20242.144.06$252,478
Feb 2009059,70532.814.63$276,613
Jan 2009074,34135.865.37$399,286
Dec 2008095,86037.105.98$572,969
Nov 2008096,83755.496.86$664,337
Oct 2008044,37375.246.92$307,149

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                6,795 Mcf  × $  3.05 =    $20,696

────────────────────────────────────────────────────
Month total                                  $20,696

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/245308 is the state's own key, not one this site invented.