LAKE OAKS

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 247377District 09Field 65280200GasSaveExport
Value, all time
$9.8 M
May 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
217
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
GasProduction1,719,316 Mcf$9,763,365
Total$9,763,365

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 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 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 2023068.962.26$0
May 2023070.622.23$0
Apr 2023078.122.24$0
Mar 2023072.852.39$0
Feb 2023075.112.47$0
Jan 2023076.533.39$0
Dec 2022076.415.73$0
Nov 2022085.005.65$0
Oct 2022087.185.86$0
Sep 2022084.888.16$0
Aug 2022094.529.13$0
Jul 20220101.587.54$0
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 2018065.382.90$0
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 2017046.772.98$0
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 2016041.442.92$0
Jul 2016041.622.92$0
Jun 2016045.352.69$0
May 2016042.521.99$0
Apr 2016036.561.99$0
Mar 2016033.011.79$0
Feb 2016026.472.06$0
Jan 2016027.352.36$0
Dec 2015032.362.00$0
Nov 2015038.792.17$0
Oct 2015043.552.43$0
Sep 2015042.992.76$0
Aug 2015040.162.87$0
Jul 2015048.152.95$0
Jun 2015056.152.88$0
May 2015055.212.96$0
Apr 2015049.822.71$0
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 2015043.433.10$0
Dec 2014054.693.59$0
Nov 2014070.464.25$0
Oct 2014078.303.90$0
Sep 2014086.164.05$0
Aug 2014089.394.04$0
Jul 2014096.564.18$0
Jun 2014098.164.74$0
May 2014094.734.73$0
Apr 2014095.944.81$0
Mar 2014095.895.06$0
Feb 2014097.406.19$0
Jan 2014090.404.86$0
Dec 2013091.824.35$0
Nov 2013088.853.74$0
Oct 20134,23097.423.78$15,987
Sep 20130104.113.72$0
Aug 20130104.253.52$0
Jul 20130102.523.72$0
Jun 2013094.403.93$0
May 2013094.834.15$0
Apr 2013093.964.28$0
Mar 20132,70393.623.91$10,576
Feb 20134,98891.233.42$17,059
Jan 20134,75991.603.42$16,275
Dec 20127,82486.773.42$26,759
Nov 201212,08686.953.62$43,811
Oct 201212,08289.383.40$41,075
Sep 20127,74994.672.92$22,615
Aug 20125,52692.662.91$16,070
Jul 20125,24585.133.02$15,844
Jun 20121,52779.822.52$3,847
May 20129,65291.612.49$24,017
Apr 201213,811101.652.00$27,578
Mar 201214,270105.052.22$31,709
Feb 201214,210101.102.57$36,523
Jan 201216,41998.092.73$44,891
Dec 201118,52996.873.24$60,029
Nov 201115,84295.723.31$52,457
Oct 201110,53984.983.65$38,452
Sep 201112,59483.623.99$50,197
Aug 201114,62783.404.15$60,692
Jul 201113,15694.144.52$59,429
Jun 201120,43792.904.64$94,825
May 201119,53998.134.40$86,066
Apr 201122,282105.964.33$96,554
Mar 201117,76796.364.06$72,087
Feb 201114,12385.644.18$59,034
Jan 201126,50286.504.59$121,612
Dec 201028,36485.734.35$123,320
Nov 201021,57580.843.80$81,884
Oct 201024,32778.103.51$85,361
Sep 201023,57172.633.98$93,800
Aug 201024,94573.684.42$110,241
Jul 201025,00472.554.74$118,431
Jun 201022,84070.364.91$112,154
May 201023,65971.124.24$100,201
Apr 201021,62281.694.12$89,141
Mar 201028,19178.394.39$123,721
Feb 201029,64873.585.44$161,355
Jan 201033,22674.365.96$198,163
Dec 200936,32971.445.48$199,219
Nov 200935,87174.593.75$134,570
Oct 200938,55972.544.11$158,487
Sep 200938,65965.543.06$118,480
Aug 200940,88267.423.22$131,579
Jul 200944,03561.133.46$152,559
Jun 200941,19666.163.90$160,458
May 200946,27054.743.93$181,644
Apr 200946,81046.773.59$167,931
Mar 200948,77142.144.06$197,961
Feb 200945,90432.814.63$212,673
Jan 200951,31735.865.37$275,624
Dec 200867,34037.105.98$402,501
Nov 200893,91055.496.86$644,256
Oct 200859,89275.246.92$414,571
Sep 200855,995101.767.88$441,078
Aug 200872,416114.228.48$614,306
Jul 200879,719131.0811.39$907,954
Jun 2008103,998131.3313.03$1,355,367
May 200821,453123.1711.57$248,303

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.

Oct 2013 — as filed, then multipliedworked
Gas                4,230 Mcf  × $  3.78 =    $15,987

────────────────────────────────────────────────────
Month total                                  $15,987

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/247377 is the state's own key, not one this site invented.