CLEVELAND FEDERAL

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 250437District 09Field 65280200CondensateGasSaveExport
Value, all time
$10.4 M
Feb 2009 – May 2026
Value, last 12 filed months
$228 k
at the published price for each month
Months reported
208
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
CondensateDisposition2,648 bbl$172,349
GasProduction2,807,833 Mcf$10,231,446
Total$10,403,795

Every month this lease reported (208)

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

208 months

May 202604,999106.413.05$15,226
Apr 202604,96798.932.87$14,254
Mar 202604,95989.753.15$15,618
Feb 202604,85363.503.75$18,200
Jan 202604,51659.138.00$36,119
Dec 202504,91256.664.41$21,678
Nov 202505,08458.593.93$19,962
Oct 202505,45459.383.30$18,025
Sep 202505,27362.743.08$16,225
Aug 202505,64863.933.01$17,027
Jul 202505,62866.743.32$18,658
Jun 202505,41766.483.13$16,948
May 202505,41860.553.23$17,513
Apr 202505,23862.363.54$18,559
Mar 202505,22467.704.27$22,298
Feb 202504,88670.884.34$21,209
Jan 202505,34174.324.28$22,852
Dec 202405,45468.993.12$17,024
Nov 202405,23969.052.20$11,518
Oct 202405,69571.372.28$12,993
Sep 202405,54169.612.36$13,101
Aug 202404,00575.632.06$8,265
Jul 202403,97979.932.15$8,541
Jun 202403,49778.082.63$9,211
May 202403,80378.812.20$8,361
Apr 202404,78684.451.66$7,941
Mar 202406,04280.301.55$9,336
Feb 202405,51976.091.78$9,844
Jan 202405,43573.023.30$17,923
Dec 202305,57071.262.61$14,542
Nov 202305,62777.892.81$15,798
Oct 202305,90185.443.09$18,218
Sep 202305,89089.042.74$16,109
Aug 202306,16880.522.67$16,486
Jul 202306,43274.852.64$16,992
Jun 202306,15068.962.26$13,890
May 202306,17070.622.23$13,743
Apr 202306,08678.122.24$13,619
Mar 202306,31172.852.39$15,103
Feb 202305,71675.112.47$14,094
Jan 202306,15576.533.39$20,851
Dec 202206,24576.415.73$35,778
Nov 202206,17685.005.65$34,871
Oct 202206,53287.185.86$38,302
Sep 202206,45284.888.16$52,672
Aug 202206,78694.529.13$61,937
Jul 202206,918101.587.54$52,176
Jun 202206,711115.097.98$53,535
May 202206,935109.378.43$58,483
Apr 2022496,713104.226.84$51,008
Mar 202206,945108.885.08$35,256
Feb 202206,03191.054.86$29,304
Jan 202206,62581.844.54$30,062
Dec 202106,78071.323.90$26,436
Nov 202106,83677.435.24$35,799
Oct 202107,15479.795.71$40,877
Sep 202107,14569.865.35$38,232
Aug 202107,38266.024.22$31,156
Jul 202107,52370.783.98$29,957
Jun 202107,65169.493.38$25,865
May 202107,64663.483.02$23,073
Apr 202107,24360.362.76$19,979
Mar 202107,65561.302.72$20,798
Feb 202106,36857.805.55$35,329
Jan 202107,48950.412.81$21,046
Dec 202007,58544.642.68$20,293
Nov 202007,53938.772.71$20,405
Oct 202007,84936.972.48$19,453
Sep 202007,78237.091.99$15,494
Aug 2020488,13739.982.39$21,327
Jul 202008,11138.371.83$14,804
Jun 202008,05234.901.69$13,610
May 202008,34116.921.81$15,137
Apr 202008,14914.751.80$14,704
Mar 202008,23230.341.86$15,280
Feb 202007,17549.881.98$14,211
Jan 202007,99257.252.09$16,741
Dec 201908,04159.012.30$18,529
Nov 201907,88455.302.75$21,687
Oct 201908,11353.472.42$19,622
Sep 201908,87155.052.66$23,573
Aug 201909,16253.112.30$21,113
Jul 201908,28156.272.46$20,372
Jun 201909,88852.782.49$24,633
May 201909,25858.482.74$25,370
Apr 201909,07062.632.75$24,949
Mar 201909,78156.803.06$29,950
Feb 201909,10450.852.79$25,420
Jan 201909,68146.033.23$31,252
Dec 2018010,02946.594.19$41,976
Nov 2018010,81052.934.24$45,805
Oct 201809,56061.443.40$32,486
Sep 201809,31759.543.11$28,957
Aug 2018010,21959.403.07$31,337
Jul 2018010,32165.142.93$30,260
Jun 201809,97660.183.08$30,695
May 2018010,22865.382.90$29,669
Apr 2018012,18163.842.90$35,335
Mar 2018012,33361.222.79$34,370
Feb 2018011,14761.782.77$30,834
Jan 2018012,20962.874.01$48,950
Dec 2017010,59057.272.92$30,939
Nov 2017010,04055.423.12$31,308
Oct 2017011,07549.292.98$33,044
Sep 2017010,76947.523.09$33,247
Aug 2017011,18145.373.00$33,592
Jul 2017011,40543.873.09$35,210
Jun 2017011,24042.493.09$34,701
May 2017012,46545.373.26$40,678
Apr 2017011,62747.933.21$37,341
Mar 2017012,28246.772.98$36,646
Feb 2017011,47450.452.95$33,878
Jan 2017012,52449.413.42$42,817
Dec 2016012,53648.763.72$46,669
Nov 2016013,03142.492.64$34,459
Oct 2016014,52046.193.09$44,871
Sep 2016013,85941.553.10$42,972
Aug 2016014,29841.442.92$41,812
Jul 2016014,90441.622.92$43,584
Jun 201607,43145.352.69$19,958
May 2016011,65842.521.99$23,212
Apr 20161911,98736.561.99$24,561
Mar 2016013,64833.011.79$24,485
Feb 2016013,22026.472.06$27,281
Jan 2016010,17127.352.36$24,048
Dec 20150032.362.00$0
Nov 2015013,13138.792.17$28,459
Oct 2015014,59443.552.43$35,414
Sep 2015012,83442.992.76$35,402
Aug 201505,12540.162.87$14,722
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 2015012,40255.212.96$36,653
Apr 201509,49649.822.71$25,702
Mar 2015010,00142.892.93$29,350
Feb 201509,92444.662.98$29,536
Jan 2015012,57843.433.10$39,000
Dec 2014014,86854.693.59$53,396
Nov 2014011,16970.464.25$47,489
Oct 2014011,39678.303.90$44,455
Sep 2014011,25886.164.05$45,544
Aug 2014011,79089.394.04$47,574
Jul 2014011,66496.564.18$48,751
Jun 2014012,12498.164.74$57,430
May 2014012,27394.734.73$58,009
Apr 2014012,35395.944.81$59,407
Mar 2014010,38295.895.06$52,500
Feb 201401,32497.406.19$8,198
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20138660797.423.78$10,672
Sep 2013017,468104.113.72$64,941
Aug 2013018,487104.253.52$65,122
Jul 20136319,227102.523.72$77,940
Jun 2013018,98094.403.93$74,656
May 2013019,90594.834.15$82,587
Apr 2013019,28993.964.28$82,607
Mar 2013019,97093.623.91$78,140
Feb 2013018,15891.233.42$62,099
Jan 2013019,42291.603.42$66,421
Dec 2012019,75286.773.42$67,555
Nov 20126119,63286.953.62$76,469
Oct 2012020,58289.383.40$69,972
Sep 2012019,84794.672.92$57,921
Aug 2012020,55392.662.91$59,771
Jul 20124321,21585.133.02$67,747
Jun 2012020,50879.822.52$51,660
May 2012021,60391.612.49$53,755
Apr 2012021,037101.652.00$42,007
Mar 2012023,124105.052.22$51,383
Feb 201213021,677101.102.57$68,858
Jan 2012022,08398.092.73$60,377
Dec 2011021,78196.873.24$70,565
Nov 2011020,15095.723.31$66,722
Oct 20111820,52984.983.65$76,431
Sep 2011019,91083.623.99$79,357
Aug 2011021,00783.404.15$87,165
Jul 2011021,06794.144.52$95,165
Jun 2011021,52692.904.64$99,878
May 201106,67598.134.40$29,402
Apr 201100105.964.33$0
Mar 20111021296.364.06$9,877
Feb 201106,43485.644.18$26,894
Jan 2011026,68386.504.59$122,442
Dec 20108727,61185.734.35$127,504
Nov 2010027,46480.843.80$104,235
Oct 2010029,28378.103.51$102,751
Sep 2010029,80472.633.98$118,604
Aug 2010031,40673.684.42$138,794
Jul 20108329,87572.554.74$147,524
Jun 20108429,71770.364.91$151,833
May 2010032,32671.124.24$136,908
Apr 2010034,28281.694.12$141,334
Mar 20109037,38078.394.39$171,104
Feb 20109334,20173.585.44$192,977
Jan 201010141,95974.365.96$257,758
Dec 20099943,63671.445.48$246,361
Nov 2009041,70474.593.75$156,453
Oct 20098844,51172.544.11$189,335
Sep 20098342,90465.543.06$136,930
Aug 2009046,88267.423.22$150,890
Jul 200913850,38561.133.46$182,995
Jun 20097254,63166.163.90$217,551
May 200915962,03354.743.93$252,230
Apr 200926666,20746.773.59$249,958
Mar 200932879,21142.144.06$335,339
Feb 200925857,56332.814.63$275,154

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
Condensate             0 bbl  × $106.41 =         $0
Gas                4,999 Mcf  × $  3.05 =    $15,226

────────────────────────────────────────────────────
Month total                                  $15,226

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/250437 is the state's own key, not one this site invented.