LITTLE BUDDY

Operated by UPP OPERATING, LLC (P-5 875310) 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 248739District 09Field 65280200CondensateGasSaveExport
Value, all time
$10.5 M
Oct 2008 – May 2026
Value, last 12 filed months
$0
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$49
GasProduction2,450,244 Mcf$10,476,474
Total$10,476,523

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 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 202401,65075.632.06$3,405
Jul 202402,13379.932.15$4,579
Jun 202402,49878.082.63$6,580
May 202404,00678.812.20$8,807
Apr 202403,86584.451.66$6,413
Mar 202402,80780.301.55$4,337
Feb 2024087076.091.78$1,552
Jan 202401,73873.023.30$5,731
Dec 202302,56471.262.61$6,694
Nov 202303,79477.892.81$10,652
Oct 202302,35685.443.09$7,274
Sep 202302,95789.042.74$8,088
Aug 202303,97580.522.67$10,625
Jul 202304,02574.852.64$10,633
Jun 202304,74868.962.26$10,723
May 202303,05570.622.23$6,805
Apr 202304,91478.122.24$10,996
Mar 202305,51472.852.39$13,196
Feb 202305,57375.112.47$13,741
Jan 202306,97976.533.39$23,643
Dec 202205,68376.415.73$32,558
Nov 202206,02085.005.65$33,990
Oct 202201,78587.185.86$10,467
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 202102,36770.783.98$9,426
Jun 202102,54869.493.38$8,614
May 202106,19963.483.02$18,707
Apr 202104,84960.362.76$13,376
Mar 2021053961.302.72$1,464
Feb 202101,17057.805.55$6,491
Jan 2021072450.412.81$2,035
Dec 202003,22644.642.68$8,631
Nov 202003,02738.772.71$8,193
Oct 202004,55836.972.48$11,297
Sep 202004,01637.091.99$7,996
Aug 202004,24339.982.39$10,120
Jul 202004,21338.371.83$7,689
Jun 202004,44834.901.69$7,519
May 202005,15916.921.81$9,362
Apr 202003,18114.751.80$5,740
Mar 20200030.341.86$0
Feb 2020018349.881.98$362
Jan 2020015857.252.09$331
Dec 2019030759.012.30$707
Nov 201902,07755.302.75$5,713
Oct 2019057853.472.42$1,398
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 20190052.782.49$0
May 201901,91758.482.74$5,253
Apr 201903,37162.632.75$9,273
Mar 201902,51756.803.06$7,707
Feb 201901,98950.852.79$5,554
Jan 201905,38446.033.23$17,381
Dec 201807,67246.594.19$32,111
Nov 201807,13052.934.24$30,212
Oct 201805,90361.443.40$20,059
Sep 201805,23659.543.11$16,273
Aug 201806,44759.403.07$19,770
Jul 201803,25865.142.93$9,552
Jun 2018075460.183.08$2,320
May 201803,73065.382.90$10,820
Apr 201802,50863.842.90$7,275
Mar 201801,46061.222.79$4,069
Feb 2018051361.782.77$1,419
Jan 2018075862.874.01$3,039
Dec 2017078157.272.92$2,282
Nov 2017031955.423.12$995
Oct 201701,04149.292.98$3,106
Sep 201701,24447.523.09$3,841
Aug 201701,21145.373.00$3,638
Jul 2017081643.873.09$2,519
Jun 201701,04242.493.09$3,217
May 201701,56145.373.26$5,094
Apr 201701,57347.933.21$5,052
Mar 201701,67546.772.98$4,998
Feb 201701,07350.452.95$3,168
Jan 201712,48849.413.42$8,555
Dec 201602,58048.763.72$9,605
Nov 201601,96042.492.64$5,183
Oct 201605,22746.193.09$16,153
Sep 201605,85341.553.10$18,148
Aug 201605,17341.442.92$15,128
Jul 201603,27341.622.92$9,571
Jun 201602,10345.352.69$5,648
May 201601,67842.521.99$3,341
Apr 201602,85236.561.99$5,678
Mar 201607,23233.011.79$12,974
Feb 201606,78226.472.06$13,996
Jan 201606,89427.352.36$16,300
Dec 201505,28132.362.00$10,569
Nov 201509,74738.792.17$21,125
Oct 2015011,82343.552.43$28,689
Sep 2015010,37742.992.76$28,624
Aug 2015011,40840.162.87$32,769
Jul 201508,71748.152.95$25,672
Jun 2015010,58256.152.88$30,506
May 2015011,24955.212.96$33,246
Apr 2015010,95549.822.71$29,650
Mar 2015010,20442.892.93$29,946
Feb 201507,97644.662.98$23,738
Jan 201507,89943.433.10$24,492
Dec 201407,90554.693.59$28,390
Nov 2014011,56370.464.25$49,164
Oct 2014015,17178.303.90$59,181
Sep 2014013,82786.164.05$55,936
Aug 2014014,72389.394.04$59,409
Jul 2014014,08796.564.18$58,878
Jun 201402,53298.164.74$11,994
May 20140094.734.73$0
Apr 201402895.944.81$135
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 201308,03988.853.74$30,052
Oct 2013010,28997.423.78$38,886
Sep 2013013,028104.113.72$48,435
Aug 2013013,773104.253.52$48,517
Jul 2013016,409102.523.72$61,004
Jun 2013014,70994.403.93$57,857
May 2013015,27694.834.15$63,381
Apr 2013015,93793.964.28$68,252
Mar 2013018,40293.623.91$72,005
Feb 2013017,24491.233.42$58,973
Jan 2013020,29191.603.42$69,393
Dec 2012018,28086.773.42$62,521
Nov 2012018,24286.953.62$66,127
Oct 2012019,34789.383.40$65,774
Sep 2012019,11794.672.92$55,791
Aug 2012019,60792.662.91$57,020
Jul 2012020,21685.133.02$61,068
Jun 2012018,25079.822.52$45,972
May 2012012,82591.612.49$31,913
Apr 2012014,236101.652.00$28,426
Mar 2012018,337105.052.22$40,746
Feb 2012016,987101.102.57$43,661
Jan 2012017,52598.092.73$47,915
Dec 2011017,82496.873.24$57,745
Nov 2011016,85995.723.31$55,825
Oct 2011019,31184.983.65$70,457
Sep 2011021,31683.623.99$84,961
Aug 2011023,62583.404.15$98,028
Jul 2011020,05294.144.52$90,580
Jun 2011018,71592.904.64$86,835
May 2011017,25598.134.40$76,005
Apr 2011018,192105.964.33$78,831
Mar 2011018,20196.364.06$73,848
Feb 2011015,09785.644.18$63,105
Jan 2011019,20686.504.59$88,132
Dec 2010015,19385.734.35$66,055
Nov 2010019,67980.843.80$74,688
Oct 2010020,42778.103.51$71,676
Sep 2010023,44972.633.98$93,315
Aug 2010026,22973.684.42$115,915
Jul 2010028,89672.554.74$136,866
Jun 2010030,35870.364.91$149,070
May 2010032,64771.124.24$138,267
Apr 20100081.694.12$0
Mar 2010032,67678.394.39$143,404
Feb 2010027,16673.585.44$147,847
Jan 2010018,42274.365.96$109,870
Dec 2009029,51071.445.48$161,825
Nov 2009037,55274.593.75$140,876
Oct 2009040,63472.544.11$167,016
Sep 2009042,52465.543.06$130,325
Aug 2009045,68867.423.22$147,047
Jul 2009049,97561.133.46$173,138
Jun 2009051,99266.163.90$202,509
May 2009058,92354.743.93$231,317
Apr 2009064,29446.773.59$230,655
Mar 2009076,38442.144.06$310,043
Feb 2009076,79632.814.63$355,796
Jan 20090101,14535.865.37$543,250
Dec 20080127,60537.105.98$762,713
Nov 20080169,52555.496.86$1,163,003
Oct 20080136,22575.246.92$942,947

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.

Aug 2024 — as filed, then multipliedworked
Condensate             0 bbl  × $ 75.63 =         $0
Gas                1,650 Mcf  × $  2.06 =     $3,405

────────────────────────────────────────────────────
Month total                                   $3,405

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/248739 is the state's own key, not one this site invented.