CORNERSTONE

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 251432District 09Field 65280200GasSaveExport
Value, all time
$3.1 M
Jul 2008 – May 2026
Value, last 12 filed months
$61 k
at the published price for each month
Months reported
215
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
GasProduction706,243 Mcf$3,095,126
Total$3,095,126

Every month this lease reported (215)

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

215 months

May 20261,078106.413.05$3,283
Apr 20261,16498.932.87$3,340
Mar 20261,55889.753.15$4,907
Feb 20261,36463.503.75$5,115
Jan 20261,42159.138.00$11,365
Dec 20251,19656.664.41$5,278
Nov 20251,17458.593.93$4,610
Oct 20251,23959.383.30$4,095
Sep 20251,30762.743.08$4,022
Aug 20251,45563.933.01$4,386
Jul 20251,63366.743.32$5,414
Jun 20251,63766.483.13$5,122
May 20251,45560.553.23$4,703
Apr 20251,39662.363.54$4,946
Mar 20251,46967.704.27$6,270
Feb 20251,32770.884.34$5,760
Jan 20251,39074.324.28$5,947
Dec 20241,48168.993.12$4,623
Nov 20241,55869.052.20$3,425
Oct 20241,82471.372.28$4,161
Sep 20241,31869.612.36$3,116
Aug 20241,69375.632.06$3,494
Jul 20241,71379.932.15$3,677
Jun 20241,57078.082.63$4,135
May 20241,61078.812.20$3,539
Apr 20241,42884.451.66$2,369
Mar 20241,62280.301.55$2,506
Feb 20241,51176.091.78$2,695
Jan 20241,60373.023.30$5,286
Dec 20231,80571.262.61$4,712
Nov 20231,73977.892.81$4,882
Oct 20231,87485.443.09$5,786
Sep 20231,60689.042.74$4,392
Aug 20231,57080.522.67$4,196
Jul 20231,64874.852.64$4,354
Jun 20231,56668.962.26$3,537
May 20231,70070.622.23$3,787
Apr 20231,76578.122.24$3,950
Mar 20231,64272.852.39$3,930
Feb 20231,51675.112.47$3,738
Jan 20231,55476.533.39$5,265
Dec 20221,72376.415.73$9,871
Nov 20221,83085.005.65$10,333
Oct 20222,39287.185.86$14,026
Sep 20222,27484.888.16$18,564
Aug 20222,81094.529.13$25,647
Jul 202217101.587.54$128
Jun 2022788115.097.98$6,286
May 20221,889109.378.43$15,930
Apr 20221,790104.226.84$12,239
Mar 20221,847108.885.08$9,376
Feb 20221,60991.054.86$7,818
Jan 20221,86981.844.54$8,481
Dec 20211,92871.323.90$7,518
Nov 20211,79577.435.24$9,400
Oct 20212,10979.795.71$12,051
Sep 20211,90369.865.35$10,183
Aug 20211,61966.024.22$6,833
Jul 20211,83070.783.98$7,287
Jun 20211,56569.493.38$5,291
May 20211,74063.483.02$5,251
Apr 20211,50060.362.76$4,138
Mar 20211,64661.302.72$4,472
Feb 20211,49157.805.55$8,272
Jan 20211,78450.412.81$5,014
Dec 20201,73244.642.68$4,634
Nov 20201,72538.772.71$4,669
Oct 20201,92836.972.48$4,778
Sep 20201,89737.091.99$3,777
Aug 20201,82539.982.39$4,353
Jul 20201,86238.371.83$3,398
Jun 20201,94634.901.69$3,289
May 20201,89016.921.81$3,430
Apr 20201,84714.751.80$3,333
Mar 20201,93030.341.86$3,583
Feb 20201,86449.881.98$3,692
Jan 20202,07157.252.09$4,338
Dec 20192,10359.012.30$4,846
Nov 20191,90055.302.75$5,226
Oct 20192,01353.472.42$4,869
Sep 20192,00755.052.66$5,333
Aug 20191,97453.112.30$4,549
Jul 20191,87956.272.46$4,622
Jun 20192,05852.782.49$5,127
May 20192,01358.482.74$5,516
Apr 20192,10962.632.75$5,801
Mar 20192,17856.803.06$6,669
Feb 20192,00950.852.79$5,610
Jan 20192,31446.033.23$7,470
Dec 20182,19146.594.19$9,170
Nov 20182,25152.934.24$9,538
Oct 20182,03161.443.40$6,902
Sep 20182,64959.543.11$8,233
Aug 20182,60459.403.07$7,985
Jul 20182,46865.142.93$7,236
Jun 20182,66360.183.08$8,194
May 20182,73665.382.90$7,937
Apr 20182,69663.842.90$7,821
Mar 20183,11661.222.79$8,684
Feb 20182,30761.782.77$6,381
Jan 20182,86062.874.01$11,467
Dec 20173,11457.272.92$9,098
Nov 20172,89355.423.12$9,021
Oct 20173,23049.292.98$9,637
Sep 20172,59447.523.09$8,008
Aug 20172,48745.373.00$7,472
Jul 20172,43943.873.09$7,530
Jun 20172,75242.493.09$8,496
May 20173,19245.373.26$10,417
Apr 20172,75047.933.21$8,832
Mar 20172,51246.772.98$7,495
Feb 20172,63250.452.95$7,771
Jan 20172,67149.413.42$9,132
Dec 20163,31548.763.72$12,341
Nov 20163,21542.492.64$8,502
Oct 20163,47046.193.09$10,723
Sep 20163,19441.553.10$9,903
Aug 20163,23441.442.92$9,457
Jul 20163,36541.622.92$9,840
Jun 20163,22045.352.69$8,648
May 20163,75542.521.99$7,476
Apr 20163,50336.561.99$6,975
Mar 20163,31833.011.79$5,953
Feb 20163,31226.472.06$6,835
Jan 20163,72727.352.36$8,812
Dec 20153,94032.362.00$7,886
Nov 20154,05638.792.17$8,791
Oct 20153,56643.552.43$8,653
Sep 20153,18842.992.76$8,794
Aug 20153,56540.162.87$10,240
Jul 20153,66548.152.95$10,794
Jun 20153,50156.152.88$10,093
May 20153,98755.212.96$11,783
Apr 20154,48449.822.71$12,136
Mar 20152,70442.892.93$7,935
Feb 20152,70244.662.98$8,042
Jan 20154,15243.433.10$12,874
Dec 20144,22654.693.59$15,177
Nov 20145,15870.464.25$21,931
Oct 20143,89478.303.90$15,190
Sep 20143,93786.164.05$15,927
Aug 20144,72289.394.04$19,054
Jul 20142,85096.564.18$11,912
Jun 20143,68298.164.74$17,441
May 20143,99294.734.73$18,868
Apr 20144,05495.944.81$19,496
Mar 20144,07395.895.06$20,596
Feb 20142,99797.406.19$18,557
Jan 20142,65290.404.86$12,891
Dec 20131,04391.824.35$4,542
Nov 20131,40888.853.74$5,264
Oct 20132,31197.423.78$8,734
Sep 20131,671104.113.72$6,212
Aug 20131,849104.253.52$6,513
Jul 20133,392102.523.72$12,611
Jun 201369794.403.93$2,742
May 20131,41894.834.15$5,883
Apr 20131,43493.964.28$6,141
Mar 20132,14193.623.91$8,377
Feb 20131,56891.233.42$5,362
Jan 20131,91991.603.42$6,563
Dec 20122,94386.773.42$10,066
Nov 20122,30286.953.62$8,345
Oct 20121,91889.383.40$6,521
Sep 20122,14594.672.92$6,260
Aug 20123,59592.662.91$10,455
Jul 20122,01585.133.02$6,087
Jun 20122,98479.822.52$7,517
May 20122,46191.612.49$6,124
Apr 20123,957101.652.00$7,901
Mar 20122,787105.052.22$6,193
Feb 20123,326101.102.57$8,549
Jan 20122,06598.092.73$5,646
Dec 20112,84296.873.24$9,207
Nov 20113,12095.723.31$10,331
Oct 20112,37384.983.65$8,658
Sep 20113,68983.623.99$14,704
Aug 20113,05283.404.15$12,664
Jul 20113,42694.144.52$15,476
Jun 20113,35992.904.64$15,585
May 20113,25298.134.40$14,324
Apr 20113,448105.964.33$14,941
Mar 20113,04296.364.06$12,342
Feb 20112,80685.644.18$11,729
Jan 20112,95086.504.59$13,537
Dec 20103,23685.734.35$14,069
Nov 20103,35780.843.80$12,741
Oct 20103,33678.103.51$11,706
Sep 20103,66572.633.98$14,585
Aug 20104,12973.684.42$18,248
Jul 20103,84972.554.74$18,231
Jun 20103,88670.364.91$19,082
May 20105,10671.124.24$21,625
Apr 20105,45881.694.12$22,502
Mar 20105,78178.394.39$25,371
Feb 20104,62773.585.44$25,182
Jan 20105,82674.365.96$34,747
Dec 20095,97471.445.48$32,760
Nov 20096,54774.593.75$24,561
Oct 20097,41372.544.11$30,469
Sep 20096,85765.543.06$21,015
Aug 20097,29367.423.22$23,473
Jul 20097,45961.133.46$25,842
Jun 20097,22366.163.90$28,134
May 20099,29654.743.93$36,494
Apr 20099,68846.773.59$34,756
Mar 200910,37042.144.06$42,092
Feb 20099,97232.814.63$46,200
Jan 200912,54635.865.37$67,385
Dec 200812,20237.105.98$72,933
Nov 200816,12555.496.86$110,623
Oct 200817,10275.246.92$118,380
Sep 200819,246101.767.88$151,602
Aug 200829,942114.228.48$253,999
Jul 200822,810131.0811.39$259,793

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                1,078 Mcf  × $  3.05 =     $3,283

────────────────────────────────────────────────────
Month total                                   $3,283

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/251432 is the state's own key, not one this site invented.