BEDINGER-NORTH

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 246138District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.6 M
May 2008 – May 2026
Value, last 12 filed months
$68 k
at the published price for each month
Months reported
217
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
CondensateDisposition1,971 bbl$151,286
GasProduction1,688,229 Mcf$8,455,748
Total$8,607,034

Every month this lease reported (217)

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

217 months

May 202601,699106.413.05$5,175
Apr 202601,61898.932.87$4,643
Mar 202601,68889.753.15$5,316
Feb 202601,63063.503.75$6,113
Jan 202601,26659.138.00$10,125
Dec 202501,27856.664.41$5,640
Nov 202501,32658.593.93$5,206
Oct 202501,77059.383.30$5,850
Sep 202501,34562.743.08$4,138
Aug 202501,66163.933.01$5,008
Jul 202501,82966.743.32$6,064
Jun 202501,55266.483.13$4,856
May 202501,64360.553.23$5,311
Apr 202501,06662.363.54$3,777
Mar 202501,17967.704.27$5,032
Feb 2025096170.884.34$4,172
Jan 2025093374.324.28$3,992
Dec 202401,26968.993.12$3,961
Nov 202401,21869.052.20$2,678
Oct 202401,47571.372.28$3,365
Sep 202401,21669.612.36$2,875
Aug 202401,05375.632.06$2,173
Jul 202401,11579.932.15$2,393
Jun 202431,04378.082.63$2,981
May 202401,36778.812.20$3,005
Apr 202401,53184.451.66$2,540
Mar 202401,45680.301.55$2,250
Feb 202401,62776.091.78$2,902
Jan 202401,49273.023.30$4,920
Dec 202301,43771.262.61$3,752
Nov 202301,65377.892.81$4,641
Oct 202301,84785.443.09$5,702
Sep 202301,14089.042.74$3,118
Aug 202301,30580.522.67$3,488
Jul 202301,68774.852.64$4,457
Jun 202301,40368.962.26$3,169
May 202301,29770.622.23$2,889
Apr 202301,80278.122.24$4,032
Mar 202302,02172.852.39$4,837
Feb 2023012,35575.112.47$30,463
Jan 202302,73776.533.39$9,272
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 2022081294.529.13$7,411
Jul 202201,315101.587.54$9,918
Jun 202201,662115.097.98$13,258
May 202202,302109.378.43$19,413
Apr 202202,033104.226.84$13,901
Mar 202202,052108.885.08$10,417
Feb 202201,07091.054.86$5,199
Jan 202201,30081.844.54$5,899
Dec 202101,55671.323.90$6,067
Nov 202102,01977.435.24$10,573
Oct 202102,34979.795.71$13,422
Sep 202102,24569.865.35$12,013
Aug 202102,38466.024.22$10,062
Jul 202103,14370.783.98$12,516
Jun 202102,55669.493.38$8,641
May 202102,02263.483.02$6,102
Apr 202102,77660.362.76$7,657
Mar 202103,59361.302.72$9,762
Feb 2021095357.805.55$5,287
Jan 202102,58150.412.81$7,253
Dec 202002,22644.642.68$5,956
Nov 202001,70538.772.71$4,615
Oct 202002,55036.972.48$6,320
Sep 202002,55437.091.99$5,085
Aug 202002,87439.982.39$6,855
Jul 202002,50838.371.83$4,577
Jun 202002,25534.901.69$3,812
May 202001,27016.921.81$2,305
Apr 202002,07914.751.80$3,751
Mar 202001,91630.341.86$3,557
Feb 202001,87749.881.98$3,718
Jan 202001,88457.252.09$3,946
Dec 201901,96259.012.30$4,521
Nov 201901,93955.302.75$5,334
Oct 201901,84453.472.42$4,460
Sep 201902,25955.052.66$6,003
Aug 201902,00453.112.30$4,618
Jul 201902,68256.272.46$6,598
Jun 201901,04852.782.49$2,611
May 201902,33358.482.74$6,393
Apr 201902,30162.632.75$6,329
Mar 201902,55956.803.06$7,836
Feb 201902,48650.852.79$6,941
Jan 201902,71646.033.23$8,768
Dec 201802,93846.594.19$12,297
Nov 201803,02852.934.24$12,830
Oct 201803,71261.443.40$12,614
Sep 201802,26059.543.11$7,024
Aug 201803,13959.403.07$9,626
Jul 201802,97565.142.93$8,722
Jun 201803,02860.183.08$9,317
May 201802,85865.382.90$8,290
Apr 201804,31663.842.90$12,520
Mar 201802,69561.222.79$7,511
Feb 201803,68461.782.77$10,190
Jan 201803,67062.874.01$14,714
Dec 201703,88757.272.92$11,356
Nov 201723,97955.423.12$12,519
Oct 2017333,67649.292.98$12,595
Sep 20170047.523.09$0
Aug 201703,21745.373.00$9,665
Jul 201703,02743.873.09$9,345
Jun 20170042.493.09$0
May 201703,70445.373.26$12,088
Apr 20170047.933.21$0
Mar 201703,44546.772.98$10,279
Feb 20170050.452.95$0
Jan 201704,54849.413.42$15,549
Dec 2016843,44048.763.72$16,902
Nov 201604,55042.492.64$12,032
Oct 201604,98446.193.09$15,402
Sep 201604,45341.553.10$13,807
Aug 201605,35841.442.92$15,669
Jul 201605,17841.622.92$15,142
Jun 201605,09345.352.69$13,679
May 201605,43742.521.99$10,825
Apr 201605,53636.561.99$11,022
Mar 201606,21333.011.79$11,146
Feb 201604,49726.472.06$9,280
Jan 201602,50427.352.36$5,920
Dec 201504,21132.362.00$8,428
Nov 201502,20838.792.17$4,785
Oct 201502,66343.552.43$6,462
Sep 201504,43742.992.76$12,239
Aug 201504,62440.162.87$13,282
Jul 201505,03248.152.95$14,820
Jun 201504,48556.152.88$12,930
May 201501,82455.212.96$5,391
Apr 201501,90849.822.71$5,164
Mar 201502,03942.892.93$5,984
Feb 201501,47344.662.98$4,384
Jan 2015078343.433.10$2,428
Dec 201412573154.693.59$9,462
Nov 201401,95770.464.25$8,321
Oct 201401,41478.303.90$5,516
Sep 201401,95986.164.05$7,925
Aug 201402,00489.394.04$8,086
Jul 201401,90696.564.18$7,966
Jun 2014063898.164.74$3,022
May 201404,95994.734.73$23,439
Apr 201402,83195.944.81$13,615
Mar 201402,91895.895.06$14,756
Feb 201403,64097.406.19$22,539
Jan 201405,56290.404.86$27,035
Dec 201308,79391.824.35$38,289
Nov 201309,70288.853.74$36,269
Oct 2013010,55597.423.78$39,891
Sep 201309,947104.113.72$36,980
Aug 2013010,032104.253.52$35,339
Jul 201311711,154102.523.72$53,463
Jun 2013010,69994.403.93$42,084
May 2013011,07694.834.15$45,955
Apr 2013010,84493.964.28$46,440
Mar 2013010,82093.623.91$42,337
Feb 201305,20591.233.42$17,801
Jan 2013772,14691.603.42$14,392
Dec 201206,18986.773.42$21,167
Nov 201209,78686.953.62$35,474
Oct 201209,82789.383.40$33,409
Sep 201209,99394.672.92$29,164
Aug 2012011,08492.662.91$32,234
Jul 2012012,11385.133.02$36,591
Jun 2012011,76179.822.52$29,626
May 2012012,72791.612.49$31,669
Apr 201209,035101.652.00$18,041
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20111139,74284.983.65$45,147
Sep 2011016,35183.623.99$65,172
Aug 2011017,19883.404.15$71,360
Jul 2011017,59294.144.52$79,467
Jun 2011017,89392.904.64$83,021
May 2011018,59598.134.40$81,908
Apr 2011017,414105.964.33$75,460
Mar 201115120,12096.364.06$96,184
Feb 2011015,36085.644.18$64,204
Jan 2011018,01686.504.59$82,671
Dec 2010017,96185.734.35$78,090
Nov 2010018,13080.843.80$68,809
Oct 2010018,87978.103.51$66,244
Sep 2010018,75072.633.98$74,615
Aug 2010019,68673.684.42$87,000
Jul 2010020,00272.554.74$94,739
Jun 201018020,18270.364.91$111,766
May 2010021,40671.124.24$90,659
Apr 2010021,23181.694.12$87,529
Mar 2010022,70378.394.39$99,636
Feb 2010021,03273.585.44$114,464
Jan 2010023,53174.365.96$140,341
Dec 2009024,66971.445.48$135,279
Nov 2009024,64474.593.75$92,452
Oct 200918926,06972.544.11$120,860
Sep 2009025,69365.543.06$78,743
Aug 2009027,52267.423.22$88,580
Jul 2009028,03961.133.46$97,141
Jun 200919127,69666.163.90$120,512
May 2009029,89354.743.93$117,352
Apr 2009031,33546.773.59$112,414
Mar 2009034,86442.144.06$141,513
Feb 200919333,67332.814.63$162,339
Jan 2009039,09835.865.37$209,995
Dec 2008040,17737.105.98$240,144
Nov 200817041,37855.496.86$293,301
Oct 2008045,30375.246.92$313,586
Sep 200815743,551101.767.88$359,031
Aug 2008048,202114.228.48$408,899
Jul 2008037,845131.0811.39$431,033
Jun 200818657,788131.3313.03$777,557
May 2008050,749123.1711.57$587,384

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                1,699 Mcf  × $  3.05 =     $5,175

────────────────────────────────────────────────────
Month total                                   $5,175

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/246138 is the state's own key, not one this site invented.