PILOT

Operated by STEPHENS & JOHNSON OPERATING CO. (P-5 817555) 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 248254District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.2 M
Apr 2008 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
218
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
CondensateDisposition649 bbl$58,548
GasProduction676,299 Mcf$3,128,824
Total$3,187,373

Every month this lease reported (218)

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

218 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 20200044.642.68$0
Nov 20200038.772.71$0
Oct 20200036.972.48$0
Sep 20200037.091.99$0
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 20200049.881.98$0
Jan 20200057.252.09$0
Dec 201901,67659.012.30$3,862
Nov 201901,95655.302.75$5,380
Oct 201901,99653.472.42$4,827
Sep 201901,72455.052.66$4,581
Aug 201901,74353.112.30$4,017
Jul 201902,30256.272.46$5,663
Jun 201901,42552.782.49$3,550
May 201902,01358.482.74$5,516
Apr 201901,95662.632.75$5,380
Mar 201902,09956.803.06$6,427
Feb 201902,39050.852.79$6,673
Jan 201903,10046.033.23$10,007
Dec 201802,82946.594.19$11,841
Nov 2018021952.934.24$928
Oct 201801,84661.443.40$6,273
Sep 201802,22859.543.11$6,925
Aug 201802,21659.403.07$6,796
Jul 201801,90065.142.93$5,571
Jun 201802,22260.183.08$6,837
May 201802,31465.382.90$6,712
Apr 201802,40763.842.90$6,982
Mar 201802,51761.222.79$7,014
Feb 201802,25661.782.77$6,240
Jan 201802,23062.874.01$8,941
Dec 201702,28957.272.92$6,687
Nov 201702,42755.423.12$7,568
Oct 201702,41749.292.98$7,212
Sep 201702,57547.523.09$7,950
Aug 201702,67345.373.00$8,031
Jul 2017671,98443.873.09$9,064
Jun 201702,76842.493.09$8,546
May 201702,72145.373.26$8,880
Apr 201702,80247.933.21$8,999
Mar 201703,17146.772.98$9,461
Feb 201702,92150.452.95$8,625
Jan 201703,35149.413.42$11,456
Dec 201603,54648.763.72$13,201
Nov 201603,43642.492.64$9,086
Oct 201603,42846.193.09$10,593
Sep 201602,06741.553.10$6,409
Aug 201603,63441.442.92$10,627
Jul 201603,44041.622.92$10,060
Jun 201601,39245.352.69$3,739
May 201602,04942.521.99$4,080
Apr 201603,92936.561.99$7,823
Mar 201603,50133.011.79$6,281
Feb 201603,53426.472.06$7,293
Jan 201603,70927.352.36$8,769
Dec 201503,93832.362.00$7,882
Nov 201503,60038.792.17$7,802
Oct 201503,77843.552.43$9,168
Sep 201503,54042.992.76$9,765
Aug 201504,14740.162.87$11,912
Jul 201504,48448.152.95$13,206
Jun 201504,23256.152.88$12,200
May 201504,75255.212.96$14,044
Apr 201504,81249.822.71$13,024
Mar 201505,01142.892.93$14,706
Feb 201504,44144.662.98$13,217
Jan 201504,93043.433.10$15,286
Dec 201404,98954.693.59$17,917
Nov 201404,79070.464.25$20,366
Oct 201404,67978.303.90$18,253
Sep 201404,47086.164.05$18,083
Aug 201403,64889.394.04$14,720
Jul 201403,73796.564.18$15,619
Jun 201403,50998.164.74$16,622
May 201402,01294.734.73$9,510
Apr 201402,49995.944.81$12,018
Mar 201403,06995.895.06$15,519
Feb 201401,34597.406.19$8,328
Jan 201402,78990.404.86$13,557
Dec 201302,59791.824.35$11,309
Nov 2013068288.853.74$2,550
Oct 201302,33297.423.78$8,813
Sep 201303,173104.113.72$11,796
Aug 201302,207104.253.52$7,774
Jul 201302,085102.523.72$7,751
Jun 201303,51694.403.93$13,830
May 201302,82594.834.15$11,721
Apr 201303,44493.964.28$14,749
Mar 201303,51793.623.91$13,762
Feb 201302,99391.233.42$10,236
Jan 201303,49791.603.42$11,959
Dec 201204,28386.773.42$14,649
Nov 201204,81686.953.62$17,458
Oct 2012202,08689.383.40$8,879
Sep 201205,13494.672.92$14,983
Aug 201205,16292.662.91$15,012
Jul 201205,84785.133.02$17,663
Jun 201215,79579.822.52$14,678
May 201206,23891.612.49$15,522
Apr 201203,568101.652.00$7,125
Mar 201205,271105.052.22$11,713
Feb 201204,943101.102.57$12,705
Jan 201206,97098.092.73$19,057
Dec 201106,29096.873.24$20,378
Nov 201106,18895.723.31$20,490
Oct 201105,63484.983.65$20,556
Sep 201104,77983.623.99$19,048
Aug 201104,59783.404.15$19,074
Jul 201104,92494.144.52$22,243
Jun 201105,19392.904.64$24,095
May 201105,20098.134.40$22,905
Apr 2011255,173105.964.33$25,065
Mar 201107,04596.364.06$28,584
Feb 201105,65785.644.18$23,646
Jan 2011114,27086.504.59$20,546
Dec 2010536,39485.734.35$32,343
Nov 201006,03080.843.80$22,886
Oct 201006,57178.103.51$23,057
Sep 201006,77072.633.98$26,941
Aug 2010337,18273.684.42$34,171
Jul 201006,87972.554.74$32,582
Jun 201006,78170.364.91$33,297
May 201007,09571.124.24$30,049
Apr 2010537,03881.694.12$33,345
Mar 201007,17378.394.39$31,480
Feb 201007,06073.585.44$38,423
Jan 2010808,11774.365.96$54,359
Dec 200908,16471.445.48$44,769
Nov 200908,52074.593.75$31,963
Oct 200907,17372.544.11$29,483
Sep 200908,53565.543.06$26,158
Aug 2009447,08467.423.22$25,766
Jul 2009288,37361.133.46$30,720
Jun 200909,97066.163.90$38,833
May 200909,63954.743.93$37,840
Apr 2009010,32646.773.59$37,045
Mar 200909,08142.144.06$36,860
Feb 2009010,52032.814.63$48,739
Jan 2009010,61635.865.37$57,019
Dec 2008010,45237.105.98$62,473
Nov 2008011,95355.496.86$82,002
Oct 2008011,89975.246.92$82,365
Sep 2008549,928101.767.88$83,699
Aug 2008013,699114.228.48$116,209
Jul 20082514,126131.0811.39$164,164
Jun 20089614,657131.3313.03$203,627
May 20082519,969123.1711.57$234,206
Apr 2008348,065110.3110.45$88,069

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.

Dec 2019 — as filed, then multipliedworked
Condensate             0 bbl  × $ 59.01 =         $0
Gas                1,676 Mcf  × $  2.30 =     $3,862

────────────────────────────────────────────────────
Month total                                   $3,862

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/248254 is the state's own key, not one this site invented.