PENNINGTON

Operated by TEP BARNETT USA, LLC (P-5 842986) 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 247359District 09Field 65280200GasSaveExport
Value, all time
$8.0 M
Feb 2008 – May 2026
Value, last 12 filed months
$45
at the published price for each month
Months reported
220
no gaps in the span
Streams
1
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
GasProduction1,496,884 Mcf$7,950,296
Total$7,950,296

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 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025158.593.93$4
Oct 2025359.383.30$10
Sep 2025462.743.08$12
Aug 2025363.933.01$9
Jul 2025366.743.32$10
Jun 2025066.483.13$0
May 20252,34760.553.23$7,586
Apr 20251,98662.363.54$7,037
Mar 202593867.704.27$4,004
Feb 20251,88070.884.34$8,161
Jan 20251,39274.324.28$5,956
Dec 20242,25968.993.12$7,051
Nov 20243,39869.052.20$7,470
Oct 20243,56571.372.28$8,133
Sep 20243,26969.612.36$7,729
Aug 202451375.632.06$1,059
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 20242,05378.812.20$4,513
Apr 20242,93384.451.66$4,866
Mar 20242,96080.301.55$4,574
Feb 20241,16876.091.78$2,083
Jan 20241,36573.023.30$4,501
Dec 20233,29071.262.61$8,589
Nov 20233,14977.892.81$8,841
Oct 20232,40085.443.09$7,409
Sep 20232,48689.042.74$6,799
Aug 20232,21280.522.67$5,912
Jul 20233,52774.852.64$9,318
Jun 20234,33468.962.26$9,788
May 20235,27170.622.23$11,741
Apr 20235,84278.122.24$13,073
Mar 20235,30672.852.39$12,698
Feb 20235,42475.112.47$13,374
Jan 20236,89676.533.39$23,362
Dec 20228,48576.415.73$48,611
Nov 20226,99185.005.65$39,473
Oct 20224,52887.185.86$26,551
Sep 20222,66384.888.16$21,740
Aug 20221,27594.529.13$11,637
Jul 20221,300101.587.54$9,805
Jun 20220115.097.98$0
May 20220109.378.43$0
Apr 20220104.226.84$0
Mar 20220108.885.08$0
Feb 2022091.054.86$0
Jan 2022081.844.54$0
Dec 2021071.323.90$0
Nov 2021077.435.24$0
Oct 2021079.795.71$0
Sep 2021069.865.35$0
Aug 2021066.024.22$0
Jul 2021070.783.98$0
Jun 2021069.493.38$0
May 2021063.483.02$0
Apr 2021060.362.76$0
Mar 2021061.302.72$0
Feb 2021057.805.55$0
Jan 2021050.412.81$0
Dec 2020044.642.68$0
Nov 2020038.772.71$0
Oct 2020036.972.48$0
Sep 2020037.091.99$0
Aug 2020039.982.39$0
Jul 2020038.371.83$0
Jun 2020034.901.69$0
May 2020016.921.81$0
Apr 2020014.751.80$0
Mar 2020030.341.86$0
Feb 2020049.881.98$0
Jan 2020057.252.09$0
Dec 2019059.012.30$0
Nov 2019055.302.75$0
Oct 2019053.472.42$0
Sep 2019055.052.66$0
Aug 2019053.112.30$0
Jul 2019056.272.46$0
Jun 2019052.782.49$0
May 2019058.482.74$0
Apr 2019062.632.75$0
Mar 2019056.803.06$0
Feb 2019050.852.79$0
Jan 2019046.033.23$0
Dec 2018046.594.19$0
Nov 2018052.934.24$0
Oct 2018061.443.40$0
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 2018065.142.93$0
Jun 2018060.183.08$0
May 20181,83665.382.90$5,326
Apr 20183,74863.842.90$10,872
Mar 20184,00861.222.79$11,170
Feb 20183,09361.782.77$8,556
Jan 20182,36462.874.01$9,478
Dec 20174,14957.272.92$12,121
Nov 20174,54555.423.12$14,173
Oct 20174,28249.292.98$12,776
Sep 20174,53647.523.09$14,004
Aug 20174,51945.373.00$13,577
Jul 20173,03243.873.09$9,361
Jun 20172,14142.493.09$6,610
May 20172545.373.26$82
Apr 2017047.933.21$0
Mar 201712346.772.98$367
Feb 2017050.452.95$0
Jan 2017049.413.42$0
Dec 2016048.763.72$0
Nov 2016042.492.64$0
Oct 2016046.193.09$0
Sep 2016041.553.10$0
Aug 201675141.442.92$2,196
Jul 201624341.622.92$711
Jun 20161,18445.352.69$3,180
May 20162,18542.521.99$4,350
Apr 201619136.561.99$380
Mar 201668233.011.79$1,224
Feb 20161,39126.472.06$2,871
Jan 20161,53227.352.36$3,622
Dec 201528132.362.00$562
Nov 20152,15638.792.17$4,673
Oct 20153,88043.552.43$9,415
Sep 20154,20342.992.76$11,594
Aug 20154,71440.162.87$13,541
Jul 20154,56448.152.95$13,441
Jun 20154,56856.152.88$13,169
May 20154,69255.212.96$13,867
Apr 20155,10249.822.71$13,809
Mar 20156,12542.892.93$17,975
Feb 20155,87644.662.98$17,488
Jan 20156,43743.433.10$19,959
Dec 20144,61354.693.59$16,567
Nov 20146,68170.464.25$28,407
Oct 20146,40278.303.90$24,974
Sep 20146,28686.164.05$25,430
Aug 20141,70689.394.04$6,884
Jul 201497296.564.18$4,063
Jun 20143,64498.164.74$17,261
May 20146,84094.734.73$32,330
Apr 20146,35795.944.81$30,572
Mar 20145,68395.895.06$28,738
Feb 20146,09197.406.19$37,715
Jan 20147,87190.404.86$38,259
Dec 20132,55491.824.35$11,121
Nov 20136,36888.853.74$23,805
Oct 20137,56997.423.78$28,606
Sep 20137,789104.113.72$28,957
Aug 20136,655104.253.52$23,443
Jul 20135,907102.523.72$21,961
Jun 20135,74294.403.93$22,586
May 20136,22994.834.15$25,845
Apr 20136,91493.964.28$29,610
Mar 20137,31893.623.91$28,634
Feb 20136,75991.233.42$23,115
Jan 20136,92491.603.42$23,679
Dec 20127,37586.773.42$25,224
Nov 20127,04586.953.62$25,538
Oct 20127,91889.383.40$26,919
Sep 20127,84994.672.92$22,907
Aug 20127,70892.662.91$22,416
Jul 20128,50985.133.02$25,704
Jun 20124,06679.822.52$10,242
May 201215491.612.49$383
Apr 20128,380101.652.00$16,733
Mar 201214,137105.052.22$31,414
Feb 201215,122101.102.57$38,867
Jan 201217,94498.092.73$49,060
Dec 201118,57396.873.24$60,172
Nov 201117,21095.723.31$56,987
Oct 201118,54984.983.65$67,677
Sep 201118,11583.623.99$72,203
Aug 201117,66383.404.15$73,289
Jul 201125,56394.144.52$115,474
Jun 201119,62892.904.64$91,072
May 201120,87098.134.40$91,929
Apr 201114,349105.964.33$62,178
Mar 20116,86396.364.06$27,846
Feb 2011085.644.18$0
Jan 20119,54786.504.59$43,809
Dec 201018,33785.734.35$79,725
Nov 201018,16680.843.80$68,946
Oct 201017,44878.103.51$61,223
Sep 201017,64572.633.98$70,218
Aug 20106,95173.684.42$30,719
Jul 201015,95072.554.74$75,547
Jun 201012,25370.364.91$60,167
May 201015,82571.124.24$67,022
Apr 201018,44781.694.12$76,051
Mar 201019,24678.394.39$84,464
Feb 201019,33673.585.44$105,233
Jan 201021,35674.365.96$127,369
Dec 200923,45871.445.48$128,638
Nov 200920,89474.593.75$78,384
Oct 200922,32572.544.11$91,761
Sep 200921,96765.543.06$67,323
Aug 200922,70867.423.22$73,086
Jul 200919,97661.133.46$69,207
Jun 200918,70266.163.90$72,844
May 200917,88854.743.93$70,224
Apr 200919,48146.773.59$69,888
Mar 200925,03042.144.06$101,597
Feb 200923,16032.814.63$107,300
Jan 200923,19235.865.37$124,564
Dec 200824,28937.105.98$145,179
Nov 200825,31555.496.86$173,670
Oct 200827,49275.246.92$190,299
Sep 200829,370101.767.88$231,350
Aug 200829,870114.228.48$253,388
Jul 200829,911131.0811.39$340,669
Jun 200831,502131.3313.03$410,554
May 200836,420123.1711.57$421,536
Apr 200839,979110.3110.45$417,975
Mar 200851,836101.909.66$500,947
Feb 200867,57192.538.77$592,637

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.

Nov 2025 — as filed, then multipliedworked
Gas                    1 Mcf  × $  3.93 =         $4

────────────────────────────────────────────────────
Month total                                       $4

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/247359 is the state's own key, not one this site invented.