LBR FAMILY PARTNERSHIP

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 249915District 09Field 65280200GasSaveExport
Value, all time
$15.5 M
Oct 2007 – May 2026
Value, last 12 filed months
$263 k
at the published price for each month
Months reported
224
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
GasProduction2,944,071 Mcf$15,521,814
Total$15,521,814

Every month this lease reported (224)

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

224 months

May 20265,347106.413.05$16,286
Apr 20265,01598.932.87$14,392
Mar 20265,53989.753.15$17,445
Feb 20265,47963.503.75$20,548
Jan 20265,82159.138.00$46,556
Dec 20256,05856.664.41$26,736
Nov 20255,85958.593.93$23,005
Oct 20256,25059.383.30$20,655
Sep 20256,03062.743.08$18,554
Aug 20256,36363.933.01$19,183
Jul 20256,18366.743.32$20,498
Jun 20256,11566.483.13$19,132
May 20255,54560.553.23$17,923
Apr 20255,26062.363.54$18,637
Mar 20255,97467.704.27$25,499
Feb 20255,32570.884.34$23,115
Jan 20255,92274.324.28$25,338
Dec 20245,14468.993.12$16,056
Nov 20244,56169.052.20$10,027
Oct 20245,60971.372.28$12,796
Sep 20245,71669.612.36$13,515
Aug 20246,28075.632.06$12,960
Jul 20246,31179.932.15$13,547
Jun 20246,56878.082.63$17,300
May 20246,67878.812.20$14,681
Apr 20245,19484.451.66$8,618
Mar 20245,86280.301.55$9,058
Feb 20245,67576.091.78$10,122
Jan 20246,12673.023.30$20,201
Dec 20235,78271.262.61$15,095
Nov 20235,78877.892.81$16,250
Oct 20235,98685.443.09$18,480
Sep 20235,82189.042.74$15,921
Aug 20235,99380.522.67$16,019
Jul 20236,35074.852.64$16,775
Jun 20235,77568.962.26$13,043
May 20235,15870.622.23$11,489
Apr 20235,25078.122.24$11,748
Mar 20235,72072.852.39$13,689
Feb 20235,59175.112.47$13,786
Jan 20236,29676.533.39$21,329
Dec 20226,12076.415.73$35,062
Nov 20225,42485.005.65$30,625
Oct 20225,73987.185.86$33,652
Sep 20226,58084.888.16$53,717
Aug 20227,22294.529.13$65,916
Jul 20225,131101.587.54$38,698
Jun 20221,515115.097.98$12,085
May 20226,727109.378.43$56,729
Apr 20226,054104.226.84$41,395
Mar 20226,915108.885.08$35,103
Feb 20226,40391.054.86$31,111
Jan 20227,23181.844.54$32,812
Dec 20217,20571.323.90$28,093
Nov 20217,26477.435.24$38,040
Oct 20218,09979.795.71$46,277
Sep 20217,78969.865.35$41,678
Aug 20217,75166.024.22$32,714
Jul 20218,26370.783.98$32,904
Jun 20218,56869.493.38$28,965
May 20218,82963.483.02$26,643
Apr 20218,83660.362.76$24,373
Mar 20218,95661.302.72$24,333
Feb 20216,72857.805.55$37,327
Jan 20218,77750.412.81$24,666
Dec 20209,18544.642.68$24,574
Nov 20208,70338.772.71$23,555
Oct 20208,51936.972.48$21,114
Sep 20208,69137.091.99$17,304
Aug 20208,86639.982.39$21,146
Jul 20208,85238.371.83$16,156
Jun 20208,26134.901.69$13,964
May 20209,02316.921.81$16,374
Apr 20208,72514.751.80$15,743
Mar 20209,38130.341.86$17,413
Feb 20208,73549.881.98$17,301
Jan 20209,11457.252.09$19,091
Dec 20199,70959.012.30$22,373
Nov 20199,68155.302.75$26,630
Oct 20199,75953.472.42$23,603
Sep 20198,01555.052.66$21,298
Aug 20198,90553.112.30$20,520
Jul 20197,43256.272.46$18,283
Jun 20199,10052.782.49$22,670
May 201910,20758.482.74$27,970
Apr 201910,02562.632.75$27,576
Mar 201910,45856.803.06$32,023
Feb 20199,30350.852.79$25,976
Jan 20199,72046.033.23$31,378
Dec 20189,96446.594.19$41,704
Nov 20189,28252.934.24$39,330
Oct 201810,08561.443.40$34,270
Sep 20188,99259.543.11$27,947
Aug 20187,94559.403.07$24,364
Jul 20189,21865.142.93$27,026
Jun 20188,56760.183.08$26,360
May 20188,31665.382.90$24,123
Apr 20188,43863.842.90$24,477
Mar 20187,98861.222.79$22,261
Feb 20181,47061.782.77$4,066
Jan 20181,32662.874.01$5,316
Dec 20173,26557.272.92$9,539
Nov 20173,64055.423.12$11,351
Oct 20173,46249.292.98$10,330
Sep 20172,86447.523.09$8,842
Aug 20172,47145.373.00$7,424
Jul 20173,56843.873.09$11,015
Jun 20174,33542.493.09$13,383
May 20174,47645.373.26$14,607
Apr 20173,94847.933.21$12,679
Mar 20173,59646.772.98$10,729
Feb 20173,90550.452.95$11,530
Jan 20174,76149.413.42$16,277
Dec 20164,60748.763.72$17,151
Nov 20164,84242.492.64$12,804
Oct 20165,22946.193.09$16,159
Sep 20164,28541.553.10$13,286
Aug 20163,06341.442.92$8,957
Jul 20163,30641.622.92$9,668
Jun 20165,53945.352.69$14,877
May 20163,93942.521.99$7,843
Apr 20163,93836.561.99$7,841
Mar 20164,08233.011.79$7,323
Feb 20164,04926.472.06$8,356
Jan 20165,10027.352.36$12,058
Dec 20154,21932.362.00$8,444
Nov 20155,02538.792.17$10,891
Oct 20155,74843.552.43$13,948
Sep 20159,30042.992.76$25,653
Aug 201515,66040.162.87$44,983
Jul 201511,56348.152.95$34,054
Jun 201562256.152.88$1,793
May 201559855.212.96$1,767
Apr 20152,58549.822.71$6,996
Mar 20157,48642.892.93$21,969
Feb 20156,76444.662.98$20,131
Jan 20157,33343.433.10$22,737
Dec 20148,12454.693.59$29,176
Nov 20147,67970.464.25$32,650
Oct 20147,68778.303.90$29,987
Sep 20147,04586.164.05$28,500
Aug 20147,23289.394.04$29,182
Jul 20148,74996.564.18$36,567
Jun 20148,06298.164.74$38,189
May 20147,44094.734.73$35,166
Apr 20148,02295.944.81$38,579
Mar 20148,64795.895.06$43,726
Feb 20148,35497.406.19$51,728
Jan 20149,36790.404.86$45,530
Dec 20139,38091.824.35$40,845
Nov 20138,60188.853.74$32,153
Oct 201310,10397.423.78$38,183
Sep 20139,458104.113.72$35,162
Aug 20139,402104.253.52$33,120
Jul 201310,156102.523.72$37,757
Jun 201310,67294.403.93$41,977
May 201310,50194.834.15$43,569
Apr 201310,95093.964.28$46,894
Mar 201311,03293.623.91$43,167
Feb 201310,94191.233.42$37,417
Jan 201313,40291.603.42$45,834
Dec 201213,26586.773.42$45,368
Nov 201210,90586.953.62$39,530
Oct 20129,85589.383.40$33,504
Sep 20127,92594.672.92$23,128
Aug 20128,15092.662.91$23,702
Jul 201213,11785.133.02$39,624
Jun 201212,23279.822.52$30,813
May 201211,38991.612.49$28,339
Apr 201212,410101.652.00$24,780
Mar 201212,611105.052.22$28,023
Feb 201211,051101.102.57$28,404
Jan 201212,47298.092.73$34,099
Dec 201112,91196.873.24$41,828
Nov 201112,18295.723.31$40,338
Oct 201113,37684.983.65$48,803
Sep 201113,80683.623.99$55,028
Aug 201114,74983.404.15$61,198
Jul 201115,75794.144.52$71,178
Jun 201114,40592.904.64$66,837
May 201114,61998.134.40$64,394
Apr 201114,753105.964.33$63,929
Mar 201116,47896.364.06$66,857
Feb 201116,15385.644.18$67,519
Jan 201124,33086.504.59$111,645
Dec 201022,52885.734.35$97,946
Nov 201017,86280.843.80$67,792
Oct 201020,48078.103.51$71,862
Sep 201026,31072.633.98$104,700
Aug 201024,34873.684.42$107,603
Jul 201022,31572.554.74$105,695
Jun 201018,72270.364.91$91,933
May 201019,74471.124.24$83,620
Apr 201023,14481.694.12$95,416
Mar 201020,88678.394.39$91,662
Feb 201023,38273.585.44$127,253
Jan 201021,21474.365.96$126,522
Dec 200924,33271.445.48$133,431
Nov 200924,67074.593.75$92,550
Oct 200928,40872.544.11$116,764
Sep 200925,32765.543.06$77,621
Aug 200926,81667.423.22$86,307
Jul 200931,29361.133.46$108,415
Jun 200930,70866.163.90$119,608
May 200934,45854.743.93$135,273
Apr 200934,77446.773.59$124,752
Mar 200937,58242.144.06$152,545
Feb 200935,04032.814.63$162,340
Jan 200939,30435.865.37$211,102
Dec 200841,77637.105.98$249,701
Nov 200843,29155.496.86$296,992
Oct 200849,63775.246.92$343,586
Sep 200848,801101.767.88$384,410
Aug 200852,690114.228.48$446,970
Jul 200854,613131.0811.39$622,011
Jun 200860,502131.3313.03$788,500
May 200864,453123.1711.57$745,998
Apr 200871,284110.3110.45$745,264
Mar 200877,922101.909.66$753,044
Feb 200878,44392.538.77$687,991
Jan 200897,51190.388.21$800,149
Dec 200788,06088.337.30$643,011
Nov 200752,42791.677.29$382,282
Oct 200752982.856.92$3,662

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
Gas                5,347 Mcf  × $  3.05 =    $16,286

────────────────────────────────────────────────────
Month total                                  $16,286

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/249915 is the state's own key, not one this site invented.