LEONARD

Operated by UPP OPERATING, LLC (P-5 875310) 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 251826District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.7 M
Oct 2008 – May 2026
Value, last 12 filed months
$173 k
at the published price for each month
Months reported
212
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 bbl$42
GasProduction927,537 Mcf$3,683,571
Total$3,683,614

Every month this lease reported (212)

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

212 months

May 202603,628106.413.05$11,050
Apr 202603,72298.932.87$10,681
Mar 202603,65889.753.15$11,521
Feb 202603,62963.503.75$13,610
Jan 202604,32959.138.00$34,623
Dec 202503,98556.664.41$17,587
Nov 202503,70558.593.93$14,547
Oct 202503,98059.383.30$13,153
Sep 202503,83462.743.08$11,797
Aug 202503,72063.933.01$11,215
Jul 202503,71366.743.32$12,309
Jun 202503,49466.483.13$10,932
May 202503,74060.553.23$12,089
Apr 202503,68162.363.54$13,042
Mar 202503,85667.704.27$16,459
Feb 202503,72870.884.34$16,183
Jan 202503,52874.324.28$15,095
Dec 202403,35768.993.12$10,478
Nov 202403,29769.052.20$7,248
Oct 202403,99271.372.28$9,107
Sep 202402,98069.612.36$7,046
Aug 202403,67975.632.06$7,592
Jul 202403,35779.932.15$7,206
Jun 202403,03578.082.63$7,994
May 202403,15178.812.20$6,927
Apr 202403,36784.451.66$5,587
Mar 202404,11880.301.55$6,363
Feb 202403,42076.091.78$6,100
Jan 202403,89473.023.30$12,841
Dec 202303,89871.262.61$10,177
Nov 202303,47877.892.81$9,765
Oct 202303,60685.443.09$11,133
Sep 202303,71389.042.74$10,155
Aug 202303,82580.522.67$10,224
Jul 202303,77974.852.64$9,983
Jun 202304,10468.962.26$9,269
May 202303,64470.622.23$8,117
Apr 202303,50178.122.24$7,834
Mar 202303,59172.852.39$8,594
Feb 202303,33275.112.47$8,216
Jan 202303,85576.533.39$13,060
Dec 202203,55476.415.73$20,361
Nov 202203,58885.005.65$20,259
Oct 202203,74887.185.86$21,977
Sep 202204,02684.888.16$32,867
Aug 202204,11494.529.13$37,549
Jul 202203,985101.587.54$30,055
Jun 202203,725115.097.98$29,715
May 202203,823109.378.43$32,240
Apr 202203,668104.226.84$25,080
Mar 202203,738108.885.08$18,976
Feb 202203,30991.054.86$16,078
Jan 202203,74381.844.54$16,985
Dec 202103,72971.323.90$14,540
Nov 202103,55477.435.24$18,612
Oct 202103,60479.795.71$20,593
Sep 202103,48269.865.35$18,632
Aug 202103,60866.024.22$15,228
Jul 202104,04870.783.98$16,119
Jun 202103,86869.493.38$13,076
May 202104,10163.483.02$12,375
Apr 202103,99560.362.76$11,020
Mar 202104,20861.302.72$11,433
Feb 202103,54757.805.55$19,679
Jan 202104,44950.412.81$12,503
Dec 202004,66544.642.68$12,481
Nov 202004,44438.772.71$12,028
Oct 202004,51936.972.48$11,200
Sep 202004,19437.091.99$8,350
Aug 202003,67539.982.39$8,765
Jul 202002,95838.371.83$5,399
Jun 202001,19034.901.69$2,011
May 2020072916.921.81$1,323
Apr 2020049114.751.80$886
Mar 2020047930.341.86$889
Feb 2020095849.881.98$1,897
Jan 2020037757.252.09$790
Dec 2019059559.012.30$1,371
Nov 2019096555.302.75$2,654
Oct 201901,50853.472.42$3,647
Sep 201901,68155.052.66$4,467
Aug 201901,69753.112.30$3,911
Jul 201901,58856.272.46$3,907
Jun 2019078552.782.49$1,956
May 201902,17258.482.74$5,952
Apr 201901,75562.632.75$4,827
Mar 201902,34756.803.06$7,187
Feb 201903,37850.852.79$9,432
Jan 201903,38046.033.23$10,911
Dec 201803,06246.594.19$12,816
Nov 201802,01252.934.24$8,525
Oct 201802,16361.443.40$7,350
Sep 201801,23559.543.11$3,838
Aug 201801,04059.403.07$3,189
Jul 2018097365.142.93$2,853
Jun 201801,20760.183.08$3,714
May 201801,79865.382.90$5,216
Apr 201801,94463.842.90$5,639
Mar 201802,01261.222.79$5,607
Feb 201801,79161.782.77$4,954
Jan 201802,03962.874.01$8,175
Dec 201701,65457.272.92$4,832
Nov 201701,70655.423.12$5,320
Oct 201701,84249.292.98$5,496
Sep 201701,33647.523.09$4,125
Aug 201701,25045.373.00$3,756
Jul 2017083443.873.09$2,575
Jun 2017196542.493.09$3,022
May 2017084245.373.26$2,748
Apr 2017071447.933.21$2,293
Mar 2017084946.772.98$2,533
Feb 2017069850.452.95$2,061
Jan 201701,27749.413.42$4,366
Dec 201601,58848.763.72$5,912
Nov 201601,89042.492.64$4,998
Oct 201602,08646.193.09$6,446
Sep 201602,47241.553.10$7,665
Aug 201601,79741.442.92$5,255
Jul 201601,12241.622.92$3,281
Jun 201601,98745.352.69$5,337
May 201602,42942.521.99$4,836
Apr 201602,39236.561.99$4,763
Mar 201602,08633.011.79$3,742
Feb 201602,09426.472.06$4,321
Jan 201602,02227.352.36$4,781
Dec 201501,43832.362.00$2,878
Nov 201502,30938.792.17$5,004
Oct 201502,37643.552.43$5,766
Sep 201502,28242.992.76$6,295
Aug 201502,20240.162.87$6,325
Jul 201502,27848.152.95$6,709
Jun 201501,71856.152.88$4,953
May 201503,33055.212.96$9,842
Apr 201501,94849.822.71$5,272
Mar 201502,82242.892.93$8,282
Feb 201502,33644.662.98$6,952
Jan 201501,15743.433.10$3,587
Dec 201401,41354.693.59$5,075
Nov 20140070.464.25$0
Oct 201408378.303.90$324
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 201401,30094.734.73$6,145
Apr 201403,47095.944.81$16,688
Mar 201403,77395.895.06$19,079
Feb 2014095197.406.19$5,889
Jan 201404,04890.404.86$19,676
Dec 201302,60891.824.35$11,356
Nov 201303,39888.853.74$12,703
Oct 201303,19797.423.78$12,083
Sep 201303,192104.113.72$11,867
Aug 201303,869104.253.52$13,629
Jul 201301,458102.523.72$5,420
Jun 201302,09694.403.93$8,244
May 201305,03494.834.15$20,886
Apr 201304,41293.964.28$18,895
Mar 201304,97693.623.91$19,470
Feb 201304,60291.233.42$15,738
Jan 201304,99091.603.42$17,065
Dec 201205,38186.773.42$18,404
Nov 201205,76086.953.62$20,880
Oct 201206,11189.383.40$20,775
Sep 201204,55994.672.92$13,305
Aug 201205,95592.662.91$17,318
Jul 201206,41585.133.02$19,378
Jun 201206,32179.822.52$15,923
May 201206,58791.612.49$16,391
Apr 201206,405101.652.00$12,790
Mar 201206,630105.052.22$14,732
Feb 201206,522101.102.57$16,763
Jan 201207,17498.092.73$19,614
Dec 201107,25096.873.24$23,488
Nov 201107,19995.723.31$23,838
Oct 201107,60384.983.65$27,740
Sep 201107,53283.623.99$30,021
Aug 201107,93583.404.15$32,925
Jul 201108,00094.144.52$36,138
Jun 201107,89592.904.64$36,632
May 201108,48998.134.40$37,393
Apr 201108,409105.964.33$36,439
Mar 201108,55196.364.06$34,694
Feb 201107,80785.644.18$32,633
Jan 201109,24386.504.59$42,414
Dec 201008,49085.734.35$36,912
Nov 201008,47180.843.80$32,150
Oct 201009,77078.103.51$34,282
Sep 201008,75072.633.98$34,820
Aug 201009,95573.684.42$43,995
Jul 2010010,57972.554.74$50,107
Jun 201009,99070.364.91$49,055
May 201009,58871.124.24$40,607
Apr 20100081.694.12$0
Mar 201007,65478.394.39$33,591
Feb 201008,18873.585.44$44,562
Jan 201009,37274.365.96$55,895
Dec 200909,29771.445.48$50,982
Nov 200907,88574.593.75$29,581
Oct 2009010,56472.544.11$43,421
Sep 200909,90365.543.06$30,350
Aug 2009011,02867.423.22$35,494
Jul 2009012,85961.133.46$44,550
Jun 2009012,05766.163.90$46,962
May 2009015,38954.743.93$60,413
Apr 2009013,41646.773.59$48,130
Mar 2009016,00142.144.06$64,948
Feb 2009016,20432.814.63$75,073
Jan 2009020,58235.865.37$110,546
Dec 2008026,36837.105.98$157,605
Nov 2008035,07855.496.86$240,648
Oct 200804,44575.246.92$30,768

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                3,628 Mcf  × $  3.05 =    $11,050

────────────────────────────────────────────────────
Month total                                  $11,050

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/251826 is the state's own key, not one this site invented.