HILLS OF BEAR CREEK III UNIT

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 251518District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.0 M
Apr 2008 – May 2026
Value, last 12 filed months
$117 k
at the published price for each month
Months reported
218
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
CondensateDisposition937 bbl$78,436
GasProduction1,417,104 Mcf$6,914,391
Total$6,992,827

Every month this lease reported (218)

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

218 months

May 202602,901106.413.05$8,836
Apr 202602,71998.932.87$7,803
Mar 202604,18489.753.15$13,177
Feb 202602,72463.503.75$10,216
Jan 202602,82559.138.00$22,594
Dec 202503,76056.664.41$16,594
Nov 202501,69558.593.93$6,655
Oct 202502,29459.383.30$7,581
Sep 202503,17162.743.08$9,757
Aug 202582,99563.933.01$9,541
Jul 20252042566.743.32$2,744
Jun 2025042466.483.13$1,327
May 202501,82060.553.23$5,883
Apr 202502,87462.363.54$10,183
Mar 202522,49567.704.27$10,785
Feb 202543,04170.884.34$13,484
Jan 2025392,75474.324.28$14,682
Dec 202441,87168.993.12$6,116
Nov 202431,15069.052.20$2,735
Oct 202402,12271.372.28$4,841
Sep 202402,99769.612.36$7,086
Aug 202441,36275.632.06$3,113
Jul 202402,90179.932.15$6,227
Jun 202403,07678.082.63$8,102
May 2024092778.812.20$2,038
Apr 202401,37784.451.66$2,285
Mar 2024341780.301.55$885
Feb 202423,14876.091.78$5,767
Jan 202453,32573.023.30$11,330
Dec 202313,24671.262.61$8,546
Nov 202344,02177.892.81$11,601
Oct 202344,49785.443.09$14,225
Sep 202341,06389.042.74$3,264
Aug 202341,01280.522.67$3,027
Jul 202332,20674.852.64$6,052
Jun 202303,77268.962.26$8,519
May 202303,98170.622.23$8,867
Apr 202363,51478.122.24$8,332
Mar 202373,06572.852.39$7,845
Feb 202353,50275.112.47$9,010
Jan 202353,17876.533.39$11,149
Dec 202234,64176.415.73$26,818
Nov 202203,88885.005.65$21,952
Oct 2022095387.185.86$5,588
Sep 202232,91984.888.16$24,084
Aug 202232,00194.529.13$18,547
Jul 2022294,747101.587.54$38,748
Jun 202224,256115.097.98$34,181
May 202234,795109.378.43$40,765
Apr 202203,903104.226.84$26,687
Mar 202203,270108.885.08$16,600
Feb 202283,62091.054.86$18,317
Jan 202203,63581.844.54$16,494
Dec 2021220071.323.90$922
Nov 202133,05377.435.24$16,220
Oct 202102,69679.795.71$15,405
Sep 202123,41269.865.35$18,397
Aug 2021026066.024.22$1,097
Jul 2021025870.783.98$1,027
Jun 2021018569.493.38$625
May 202101,92863.483.02$5,818
Apr 2021218060.362.76$617
Mar 2021090061.302.72$2,445
Feb 202107557.805.55$416
Jan 202104,41250.412.81$12,399
Dec 202014,43244.642.68$11,902
Nov 202005,18538.772.71$14,034
Oct 202005,41536.972.48$13,421
Sep 202004,74037.091.99$9,438
Aug 202002,37039.982.39$5,653
Jul 202001,00338.371.83$1,831
Jun 202001,02334.901.69$1,729
May 202021,64516.921.81$3,019
Apr 202004,60214.751.80$8,304
Mar 202005,46530.341.86$10,144
Feb 202065,17449.881.98$10,547
Jan 202065,45057.252.09$11,760
Dec 201964,93859.012.30$11,733
Nov 201944,67755.302.75$13,086
Oct 201933,21253.472.42$7,929
Sep 201903,99755.052.66$10,621
Aug 201904,85053.112.30$11,176
Jul 201905,39056.272.46$13,260
Jun 201906,00052.782.49$14,947
May 201906,09358.482.74$16,697
Apr 201903,89362.632.75$10,708
Mar 2019080756.803.06$2,471
Feb 201904,72650.852.79$13,196
Jan 201905,22146.033.23$16,854
Dec 201804,32646.594.19$18,106
Nov 201805,46452.934.24$23,152
Oct 201804,91661.443.40$16,705
Sep 2018011,45959.543.11$35,615
Aug 201803,62659.403.07$11,119
Jul 201805,60865.142.93$16,442
Jun 201805,74860.183.08$17,686
May 201805,20465.382.90$15,096
Apr 201804,60663.842.90$13,361
Mar 201802,92261.222.79$8,143
Feb 2018087761.782.77$2,426
Jan 20180062.874.01$0
Dec 201704,77257.272.92$13,941
Nov 201704,36455.423.12$13,609
Oct 201702,33049.292.98$6,952
Sep 201702,96447.523.09$9,151
Aug 201704,96445.373.00$14,914
Jul 201705,47643.873.09$16,906
Jun 201705,87042.493.09$18,122
May 201706,30345.373.26$20,569
Apr 201706,08347.933.21$19,536
Mar 201706,40846.772.98$19,119
Feb 201705,88250.452.95$17,367
Jan 201705,19549.413.42$17,761
Dec 201603,21948.763.72$11,984
Nov 201602,70642.492.64$7,156
Oct 201606,52746.193.09$20,170
Sep 201605,60641.553.10$17,382
Aug 201606,03241.442.92$17,640
Jul 201606,67841.622.92$19,529
Jun 201606,51145.352.69$17,487
May 201607,04342.521.99$14,023
Apr 201606,84036.561.99$13,619
Mar 201606,35033.011.79$11,392
Feb 201603,45926.472.06$7,138
Jan 201606,36627.352.36$15,052
Dec 201505,97332.362.00$11,954
Nov 201505,05238.792.17$10,949
Oct 201505,95643.552.43$14,453
Sep 201504,21842.992.76$11,635
Aug 2015266,27840.162.87$19,078
Jul 201504,96648.152.95$14,625
Jun 201514,07956.152.88$11,815
May 201505,27155.212.96$15,578
Apr 201505,19549.822.71$14,061
Mar 201506,63842.892.93$19,481
Feb 201506,46644.662.98$19,244
Jan 201517,39543.433.10$22,973
Dec 201408,09854.693.59$29,083
Nov 201408,10970.464.25$34,478
Oct 201409,42278.303.90$36,755
Sep 201409,24786.164.05$37,408
Aug 201403,08189.394.04$12,432
Jul 2014014096.564.18$585
Jun 201402,82198.164.74$13,363
May 201408,05294.734.73$38,058
Apr 201409,41495.944.81$45,273
Mar 201409,04695.895.06$45,744
Feb 201409,31497.406.19$57,672
Jan 201403,02290.404.86$14,689
Dec 201304,36191.824.35$18,990
Nov 2013010,63388.853.74$39,749
Oct 2013311,58697.423.78$44,080
Sep 2013010,508104.113.72$39,066
Aug 2013011,692104.253.52$41,186
Jul 2013098102.523.72$364
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 201319718291.233.42$18,595
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 201201292.662.91$35
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201204,520101.652.00$9,026
Mar 201208,686105.052.22$19,301
Feb 20121965,931101.102.57$35,060
Jan 201209,67498.092.73$26,449
Dec 201108,75796.873.24$28,370
Nov 201109,68895.723.31$32,080
Oct 201109,99884.983.65$36,478
Sep 2011011,18483.623.99$44,577
Aug 2011011,58483.404.15$48,066
Jul 2011011,61894.144.52$52,481
Jun 2011013,39692.904.64$62,156
May 2011013,65098.134.40$60,126
Apr 201105,436105.964.33$23,556
Mar 2011018,07496.364.06$73,332
Feb 20111962,23185.644.18$26,111
Jan 201104,75086.504.59$21,797
Dec 2010045285.734.35$1,965
Nov 201005,84980.843.80$22,199
Oct 201003978.103.51$137
Sep 2010010,07072.633.98$40,073
Aug 201004,64173.684.42$20,510
Jul 201008,45672.554.74$40,052
Jun 2010016,71670.364.91$82,082
May 2010016,31971.124.24$69,115
Apr 2010018,03981.694.12$74,369
Mar 201009,50378.394.39$41,706
Feb 2010016,86773.585.44$91,796
Jan 2010019,23774.365.96$114,731
Dec 2009016,69671.445.48$91,557
Nov 2009014274.593.75$533
Oct 2009019,08172.544.11$78,428
Sep 2009019,12465.543.06$58,610
Aug 2009021,64267.423.22$69,655
Jul 20097322,30861.133.46$81,749
Jun 2009023,22066.163.90$90,442
May 2009024,80054.743.93$97,359
Apr 2009026,76146.773.59$96,005
Mar 20091924,61042.144.06$100,693
Feb 2009022,65532.814.63$104,961
Jan 2009026,19735.865.37$140,704
Dec 2008026,05037.105.98$155,705
Nov 2008024,87355.496.86$170,638
Oct 20080075.246.92$0
Sep 2008013101.767.88$102
Aug 2008021,973114.228.48$186,397
Jul 2008040,678131.0811.39$463,299
Jun 2008034,151131.3313.03$445,077
May 2008052,950123.1711.57$612,859
Apr 2008049,460110.3110.45$517,097

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                2,901 Mcf  × $  3.05 =     $8,836

────────────────────────────────────────────────────
Month total                                   $8,836

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/251518 is the state's own key, not one this site invented.