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 250438District 09Field 65280200CondensateGasSaveExport
Value, all time
$9.5 M
Feb 2009 – May 2026
Value, last 12 filed months
$225 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
CondensateDisposition1,842 bbl$123,061
GasProduction2,578,334 Mcf$9,358,110
Total$9,481,171

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 202604,688106.413.05$14,279
Apr 202604,84398.932.87$13,898
Mar 202605,09289.753.15$16,037
Feb 202604,79563.503.75$17,983
Jan 202604,79759.138.00$38,366
Dec 202505,16656.664.41$22,799
Nov 202504,95658.593.93$19,459
Oct 202505,19059.383.30$17,152
Sep 202505,02562.743.08$15,462
Aug 202505,23863.933.01$15,791
Jul 202505,27566.743.32$17,488
Jun 202505,20766.483.13$16,291
May 202505,39760.553.23$17,445
Apr 202505,25962.363.54$18,633
Mar 202505,42867.704.27$23,168
Feb 202504,94470.884.34$21,461
Jan 202505,52074.324.28$23,618
Dec 202405,62268.993.12$17,548
Nov 202405,57169.052.20$12,248
Oct 202405,65971.372.28$12,910
Sep 202405,58669.612.36$13,207
Aug 202406,33875.632.06$13,079
Jul 202406,08679.932.15$13,064
Jun 202405,78778.082.63$15,243
May 202405,65478.812.20$12,430
Apr 202405,67584.451.66$9,416
Mar 202405,75580.301.55$8,892
Feb 202405,25576.091.78$9,373
Jan 202405,36673.023.30$17,695
Dec 202305,66371.262.61$14,785
Nov 202305,56077.892.81$15,610
Oct 202305,54685.443.09$17,122
Sep 202305,50689.042.74$15,059
Aug 202305,63880.522.67$15,070
Jul 202305,57674.852.64$14,731
Jun 202305,54568.962.26$12,523
May 202305,85370.622.23$13,037
Apr 202305,96578.122.24$13,348
Mar 202306,30072.852.39$15,077
Feb 202305,76575.112.47$14,215
Jan 202306,07676.533.39$20,584
Dec 202206,35076.415.73$36,380
Nov 202206,19485.005.65$34,973
Oct 202206,50487.185.86$38,138
Sep 202206,32584.888.16$51,635
Aug 202206,63994.529.13$60,595
Jul 202206,721101.587.54$50,690
Jun 202206,572115.097.98$52,426
May 202206,909109.378.43$58,264
Apr 202206,867104.226.84$46,954
Mar 202206,615108.885.08$33,580
Feb 202206,06391.054.86$29,459
Jan 202206,85081.844.54$31,083
Dec 202106,82671.323.90$26,615
Nov 202106,83077.435.24$35,768
Oct 202107,14779.795.71$40,837
Sep 202106,90669.865.35$36,953
Aug 202107,12366.024.22$30,063
Jul 202107,42870.783.98$29,579
Jun 202107,24369.493.38$24,486
May 202107,48263.483.02$22,578
Apr 202107,37860.362.76$20,352
Mar 202107,79661.302.72$21,181
Feb 202106,51557.805.55$36,145
Jan 202107,53050.412.81$21,161
Dec 202007,61844.642.68$20,382
Nov 202007,47038.772.71$20,218
Oct 202007,82136.972.48$19,384
Sep 202007,58937.091.99$15,110
Aug 202007,98139.982.39$19,035
Jul 202008,12938.371.83$14,836
Jun 202007,95834.901.69$13,451
May 202008,33316.921.81$15,122
Apr 202008,00114.751.80$14,437
Mar 202008,48730.341.86$15,754
Feb 202007,84149.881.98$15,530
Jan 202008,42957.252.09$17,657
Dec 201908,53859.012.30$19,675
Nov 201908,18555.302.75$22,514
Oct 201908,34453.472.42$20,180
Sep 201908,84755.052.66$23,509
Aug 201909,34953.112.30$21,543
Jul 201909,09856.272.46$22,382
Jun 201909,59352.782.49$23,898
May 2019010,35658.482.74$28,379
Apr 201909,01062.632.75$24,784
Mar 201909,58556.803.06$29,350
Feb 201908,88850.852.79$24,817
Jan 201909,89746.033.23$31,949
Dec 2018010,47746.594.19$43,851
Nov 2018014,26852.934.24$60,457
Oct 201809,40661.443.40$31,962
Sep 201809,56459.543.11$29,725
Aug 201809,90059.403.07$30,359
Jul 201809,99865.142.93$29,313
Jun 201809,85760.183.08$30,329
May 2018010,32165.382.90$29,939
Apr 2018012,01063.842.90$34,839
Mar 2018012,62261.222.79$35,175
Feb 2018011,27161.782.77$31,177
Jan 2018012,21362.874.01$48,966
Dec 2017010,64857.272.92$31,108
Nov 2017010,56755.423.12$32,952
Oct 2017010,99649.292.98$32,809
Sep 2017010,76747.523.09$33,241
Aug 2017011,32845.373.00$34,034
Jul 2017011,19743.873.09$34,568
Jun 2017011,28142.493.09$34,828
May 2017011,96745.373.26$39,053
Apr 2017011,57447.933.21$37,171
Mar 2017012,13046.772.98$36,192
Feb 2017011,03250.452.95$32,573
Jan 2017012,38249.413.42$42,332
Dec 2016012,34848.763.72$45,970
Nov 2016012,40342.492.64$32,798
Oct 2016013,43146.193.09$41,505
Sep 2016012,62941.553.10$39,158
Aug 2016013,04841.442.92$38,157
Jul 2016013,53341.622.92$39,575
Jun 201608,23345.352.69$22,112
May 2016011,43542.521.99$22,768
Apr 20161912,15736.561.99$24,900
Mar 2016012,97033.011.79$23,268
Feb 2016013,10126.472.06$27,036
Jan 2016012,64127.352.36$29,888
Dec 20150032.362.00$0
Nov 2015012,22838.792.17$26,502
Oct 2015013,56743.552.43$32,921
Sep 2015010,74942.992.76$29,650
Aug 2015013,49140.162.87$38,753
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 2015011,30355.212.96$33,405
Apr 2015010,63049.822.71$28,771
Mar 2015035442.892.93$1,039
Feb 2015056844.662.98$1,690
Jan 201505,94043.433.10$18,418
Dec 201401,88654.693.59$6,773
Nov 201401,80270.464.25$7,662
Oct 201401,90978.303.90$7,447
Sep 201402,15786.164.05$8,726
Aug 201402,21289.394.04$8,926
Jul 201402,29496.564.18$9,588
Jun 201404,90198.164.74$23,215
May 201405,41594.734.73$25,594
Apr 201407,76595.944.81$37,343
Mar 2014011,26995.895.06$56,985
Feb 201402,24197.406.19$13,876
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20134488.853.74$370
Oct 201312756697.423.78$14,511
Sep 2013016,020104.113.72$59,558
Aug 2013016,887104.253.52$59,486
Jul 20136316,893102.523.72$69,263
Jun 2013016,53094.403.93$65,019
May 2013017,16094.834.15$71,198
Apr 2013016,65093.964.28$71,305
Mar 2013017,21693.623.91$67,364
Feb 2013015,72891.233.42$53,788
Jan 2013017,31191.603.42$59,202
Dec 2012017,06586.773.42$58,365
Nov 20126116,69686.953.62$65,826
Oct 2012017,30289.383.40$58,821
Sep 2012016,57594.672.92$48,372
Aug 2012017,18792.662.91$49,983
Jul 20124317,63385.133.02$56,926
Jun 2012017,01879.822.52$42,869
May 2012017,95891.612.49$44,685
Apr 2012017,272101.652.00$34,489
Mar 2012018,057105.052.22$40,124
Feb 20125616,836101.102.57$48,934
Jan 2012017,72298.092.73$48,453
Dec 2011017,62396.873.24$57,094
Nov 2011015,89295.723.31$52,623
Oct 2011216,12784.983.65$59,010
Sep 2011015,47583.623.99$61,680
Aug 2011016,16483.404.15$67,070
Jul 2011015,96894.144.52$72,131
Jun 2011017,72092.904.64$82,219
May 201103,06398.134.40$13,492
Apr 201100105.964.33$0
Mar 2011263496.364.06$2,643
Feb 201102385.644.18$96
Jan 2011024,90086.504.59$114,261
Dec 20109726,77485.734.35$124,722
Nov 2010026,67580.843.80$101,240
Oct 2010027,93278.103.51$98,010
Sep 2010027,52672.633.98$109,539
Aug 2010026,32173.684.42$116,322
Jul 20106332,39072.554.74$157,986
Jun 20106431,35270.364.91$158,454
May 2010032,37171.124.24$137,098
Apr 2010032,36781.694.12$133,439
Mar 20106635,49678.394.39$160,954
Feb 20105632,53173.585.44$181,166
Jan 20106139,54174.365.96$240,362
Dec 20095342,04971.445.48$234,373
Nov 2009040,28674.593.75$151,133
Oct 20095944,02572.544.11$185,234
Sep 20096343,85265.543.06$138,524
Aug 2009048,63667.423.22$156,535
Jul 200913951,00161.133.46$185,190
Jun 20097253,58266.163.90$213,465
May 200914762,01954.743.93$251,518
Apr 200921162,25846.773.59$233,219
Mar 200919072,12342.144.06$300,754
Feb 200910053,23932.814.63$249,937

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                4,688 Mcf  × $  3.05 =    $14,279

────────────────────────────────────────────────────
Month total                                  $14,279

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/250438 is the state's own key, not one this site invented.