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 251108District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.8 M
Feb 2009 – May 2026
Value, last 12 filed months
$273 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
CondensateDisposition1,371 bbl$100,601
GasProduction2,420,245 Mcf$8,700,053
Total$8,800,654

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 202605,991106.413.05$18,248
Apr 202605,97198.932.87$17,135
Mar 202606,12789.753.15$19,297
Feb 202605,76063.503.75$21,602
Jan 202605,60559.138.00$44,828
Dec 202506,36556.664.41$28,091
Nov 202506,15758.593.93$24,175
Oct 202506,47859.383.30$21,409
Sep 202506,25762.743.08$19,252
Aug 202506,45463.933.01$19,457
Jul 202506,25066.743.32$20,720
Jun 202506,03866.483.13$18,891
May 202506,29660.553.23$20,351
Apr 202506,14162.363.54$21,758
Mar 202506,31967.704.27$26,972
Feb 202505,90770.884.34$25,641
Jan 202506,59874.324.28$28,231
Dec 202406,61268.993.12$20,639
Nov 202406,41069.052.20$14,092
Oct 202406,61771.372.28$15,096
Sep 202406,43969.612.36$15,224
Aug 202406,67575.632.06$13,775
Jul 202406,70579.932.15$14,393
Jun 202406,49378.082.63$17,102
May 202406,81878.812.20$14,989
Apr 202406,58484.451.66$10,924
Mar 202406,85980.301.55$10,598
Feb 202406,44176.091.78$11,488
Jan 202406,98173.023.30$23,021
Dec 202307,13871.262.61$18,635
Nov 202307,02277.892.81$19,715
Oct 202307,13585.443.09$22,028
Sep 202306,91989.042.74$18,924
Aug 202307,07880.522.67$18,919
Jul 202307,12274.852.64$18,815
Jun 202307,01468.962.26$15,841
May 202307,29570.622.23$16,249
Apr 202307,14878.122.24$15,996
Mar 202307,46472.852.39$17,863
Feb 202306,72075.112.47$16,569
Jan 202307,44276.533.39$25,211
Dec 202207,48476.415.73$42,876
Nov 202207,31585.005.65$41,302
Oct 202207,61487.185.86$44,647
Sep 202207,39084.888.16$60,330
Aug 202207,69394.529.13$70,215
Jul 202207,373101.587.54$55,608
Jun 202207,560115.097.98$60,308
May 202207,877109.378.43$66,427
Apr 2022497,773104.226.84$58,255
Mar 202207,952108.885.08$40,368
Feb 202207,21891.054.86$35,071
Jan 202208,03681.844.54$36,465
Dec 202108,02971.323.90$31,306
Nov 202107,73477.435.24$40,502
Oct 202108,09379.795.71$46,242
Sep 202107,95269.865.35$42,551
Aug 202108,25966.024.22$34,858
Jul 202108,40870.783.98$33,481
Jun 202108,09669.493.38$27,370
May 202108,41563.483.02$25,394
Apr 202108,27260.362.76$22,818
Mar 202108,73961.302.72$23,743
Feb 202107,17057.805.55$39,779
Jan 202108,52550.412.81$23,958
Dec 202008,60444.642.68$23,020
Nov 202008,41438.772.71$22,773
Oct 202008,71836.972.48$21,607
Sep 202008,61937.091.99$17,161
Aug 2020488,94339.982.39$23,249
Jul 202009,11938.371.83$16,643
Jun 202008,88034.901.69$15,010
May 202009,20716.921.81$16,708
Apr 202008,86914.751.80$16,003
Mar 202009,13230.341.86$16,951
Feb 202008,54149.881.98$16,917
Jan 202009,30657.252.09$19,494
Dec 201909,39759.012.30$21,654
Nov 201909,29755.302.75$25,573
Oct 201909,24953.472.42$22,369
Sep 201909,55955.052.66$25,401
Aug 2019010,06653.112.30$23,196
Jul 2019010,13256.272.46$24,925
Jun 2019010,19952.782.49$25,408
May 2019010,63058.482.74$29,130
Apr 201909,28362.632.75$25,535
Mar 2019010,07156.803.06$30,838
Feb 201909,22650.852.79$25,761
Jan 201909,94546.033.23$32,104
Dec 2018010,41046.594.19$43,570
Nov 2018012,92352.934.24$54,758
Oct 201809,88061.443.40$33,573
Sep 2018010,03559.543.11$31,189
Aug 2018010,08659.403.07$30,929
Jul 2018010,18665.142.93$29,864
Jun 2018010,21160.183.08$31,418
May 2018010,64665.382.90$30,882
Apr 2018012,32163.842.90$35,741
Mar 2018013,02661.222.79$36,301
Feb 2018011,57061.782.77$32,004
Jan 2018012,51862.874.01$50,189
Dec 2017010,81057.272.92$31,582
Nov 2017010,61555.423.12$33,101
Oct 2017011,15649.292.98$33,286
Sep 2017010,86247.523.09$33,534
Aug 2017011,41345.373.00$34,289
Jul 2017011,51943.873.09$35,562
Jun 2017011,21342.493.09$34,618
May 2017011,67645.373.26$38,103
Apr 2017011,40447.933.21$36,625
Mar 2017011,90246.772.98$35,512
Feb 2017010,99250.452.95$32,455
Jan 2017012,18549.413.42$41,658
Dec 2016012,36148.763.72$46,018
Nov 2016012,27042.492.64$32,446
Oct 2016013,07046.193.09$40,390
Sep 2016012,82641.553.10$39,769
Aug 2016013,06541.442.92$38,207
Jul 2016013,52841.622.92$39,560
Jun 201607,33845.352.69$19,709
May 2016212,14542.521.99$24,266
Apr 20161911,69936.561.99$23,988
Mar 2016013,26833.011.79$23,803
Feb 2016012,48226.472.06$25,758
Jan 2016011,05827.352.36$26,145
Dec 20150032.362.00$0
Nov 2015011,64038.792.17$25,228
Oct 2015013,71743.552.43$33,285
Sep 2015012,72142.992.76$35,090
Aug 2015010,17840.162.87$29,236
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201509,54555.212.96$28,210
Apr 2015011,63849.822.71$31,499
Mar 2015012,39342.892.93$36,370
Feb 2015011,33744.662.98$33,741
Jan 2015012,33243.433.10$38,237
Dec 2014012,18354.693.59$43,754
Nov 2014011,92370.464.25$50,695
Oct 2014012,53578.303.90$48,899
Sep 2014012,04886.164.05$48,739
Aug 2014012,39789.394.04$50,023
Jul 2014012,67796.564.18$52,985
Jun 2014012,74698.164.74$60,376
May 2014013,29994.734.73$62,859
Apr 2014013,47995.944.81$64,822
Mar 2014013,58495.895.06$68,692
Feb 2014079697.406.19$4,929
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20138646097.423.78$10,117
Sep 2013012,886104.113.72$47,907
Aug 2013013,445104.253.52$47,361
Jul 20136313,534102.523.72$56,775
Jun 2013013,18494.403.93$51,858
May 2013013,61194.834.15$56,473
Apr 2013013,21093.964.28$56,573
Mar 2013013,74893.623.91$53,794
Feb 2013012,42291.233.42$42,482
Jan 2013013,79691.603.42$47,181
Dec 2012013,71386.773.42$46,901
Nov 20126213,16186.953.62$53,099
Oct 2012013,24589.383.40$45,029
Sep 2012012,78294.672.92$37,303
Aug 2012013,13992.662.91$38,210
Jul 20128613,18985.133.02$47,163
Jun 2012012,61079.822.52$31,765
May 2012012,31091.612.49$30,631
Apr 2012011,465101.652.00$22,893
Mar 2012012,612105.052.22$28,025
Feb 2012011,717101.102.57$30,116
Jan 2012012,08898.092.73$33,050
Dec 2011011,64496.873.24$37,724
Nov 2011010,81495.723.31$35,808
Oct 201116710,80384.983.65$53,607
Sep 2011010,45083.623.99$41,652
Aug 2011011,63083.404.15$48,257
Jul 2011010,28794.144.52$46,469
Jun 201107,36692.904.64$34,177
May 201107,00298.134.40$30,843
Apr 20110275105.964.33$1,192
Mar 201162496.364.06$5,991
Feb 201105,64785.644.18$23,604
Jan 2011019,58086.504.59$89,848
Dec 20101119,63585.734.35$86,311
Nov 2010018,64980.843.80$70,779
Oct 2010018,67178.103.51$65,514
Sep 201007,32072.633.98$29,130
Aug 201006,87573.684.42$30,383
Jul 20104224,12372.554.74$117,305
Jun 20104523,51970.364.91$118,654
May 2010023,74271.124.24$100,553
Apr 2010024,14781.694.12$99,551
Mar 20104425,06778.394.39$113,460
Feb 20103622,66773.585.44$126,011
Jan 20103329,79774.365.96$180,166
Dec 20094327,33271.445.48$152,954
Nov 2009032,85374.593.75$123,248
Oct 20094635,41772.544.11$148,910
Sep 20094334,68965.543.06$109,131
Aug 2009038,32767.423.22$123,355
Jul 20099240,26061.133.46$145,105
Jun 20094741,97466.163.90$166,598
May 20097147,67254.743.93$191,035
Apr 20099649,80646.773.59$183,169
Mar 20095160,25842.144.06$246,736
Feb 20092759,55132.814.63$276,786

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                5,991 Mcf  × $  3.05 =    $18,248

────────────────────────────────────────────────────
Month total                                  $18,248

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/251108 is the state's own key, not one this site invented.