GARY CRABTREE

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 253485District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.0 M
Jun 2009 – May 2026
Value, last 12 filed months
$129 k
at the published price for each month
Months reported
204
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
CondensateDisposition119 bbl$8,154
GasProduction1,912,464 Mcf$7,021,599
Total$7,029,752

Every month this lease reported (204)

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

204 months

May 202602,971106.413.05$9,049
Apr 202602,96298.932.87$8,500
Mar 202603,18589.753.15$10,031
Feb 202602,81463.503.75$10,553
Jan 202602,82959.138.00$22,626
Dec 202552,80856.664.41$12,676
Nov 202582,78258.593.93$11,392
Oct 202502,99559.383.30$9,898
Sep 202542,97462.743.08$9,402
Aug 202522,76063.933.01$8,449
Jul 202572,28066.743.32$8,026
Jun 202542,55466.483.13$8,257
May 202582,37860.553.23$8,171
Apr 202542,98962.363.54$10,840
Mar 202573,12267.704.27$13,800
Feb 202562,88970.884.34$12,966
Jan 202552,92774.324.28$12,895
Dec 2024132,93868.993.12$10,067
Nov 202472,73869.052.20$6,503
Oct 202402,98371.372.28$6,805
Sep 202462,44269.612.36$6,191
Aug 202473,19575.632.06$7,123
Jul 202402,74979.932.15$5,901
Jun 202462,27178.082.63$6,450
May 202402,40078.812.20$5,276
Apr 202403,44984.451.66$5,723
Mar 202403,39580.301.55$5,246
Feb 202403,44476.091.78$6,143
Jan 202403,68573.023.30$12,152
Dec 202353,43971.262.61$9,335
Nov 202343,43277.892.81$9,947
Oct 202303,82985.443.09$11,821
Sep 202303,76589.042.74$10,297
Aug 202353,87480.522.67$10,757
Jul 202303,98674.852.64$10,530
Jun 202333,73268.962.26$8,636
May 202333,25470.622.23$7,460
Apr 202302,89178.122.24$6,469
Mar 202303,04172.852.39$7,278
Feb 202302,73075.112.47$6,731
Jan 202303,41376.533.39$11,562
Dec 202203,71576.415.73$21,284
Nov 202202,89085.005.65$16,318
Oct 202202,92087.185.86$17,122
Sep 202203,68684.888.16$30,091
Aug 202204,44094.529.13$40,525
Jul 202204,193101.587.54$31,624
Jun 202204,202115.097.98$33,520
May 202204,053109.378.43$34,179
Apr 202203,476104.226.84$23,768
Mar 202204,331108.885.08$21,986
Feb 202202,98391.054.86$14,494
Jan 202205,89981.844.54$26,768
Dec 202106,06571.323.90$23,648
Nov 202105,86077.435.24$30,688
Oct 202105,82579.795.71$33,283
Sep 202103,48869.865.35$18,664
Aug 202104,50466.024.22$19,010
Jul 202104,54970.783.98$18,114
Jun 202103,53469.493.38$11,947
May 202104,50063.483.02$13,580
Apr 202105,41560.362.76$14,937
Mar 202105,12261.302.72$13,916
Feb 202103,48557.805.55$19,335
Jan 202105,02950.412.81$14,133
Dec 202006,49644.642.68$17,380
Nov 202005,39338.772.71$14,597
Oct 202003,72736.972.48$9,237
Sep 202004,44937.091.99$8,858
Aug 202006,16239.982.39$14,697
Jul 202005,95738.371.83$10,872
Jun 202006,54534.901.69$11,063
May 202005,34216.921.81$9,694
Apr 202005,99814.751.80$10,823
Mar 202003,79930.341.86$7,052
Feb 202003,80049.881.98$7,527
Jan 202003,21857.252.09$6,741
Dec 201903,83459.012.30$8,835
Nov 201904,58255.302.75$12,604
Oct 201904,69353.472.42$11,350
Sep 201906,07055.052.66$16,130
Aug 201905,69753.112.30$13,128
Jul 201904,40756.272.46$10,841
Jun 201904,30352.782.49$10,720
May 201906,15658.482.74$16,869
Apr 201906,55962.632.75$18,042
Mar 201905,99956.803.06$18,370
Feb 201906,07150.852.79$16,952
Jan 201906,71246.033.23$21,668
Dec 201807,64546.594.19$31,998
Nov 201807,38052.934.24$31,271
Oct 201806,93561.443.40$23,566
Sep 201807,01559.543.11$21,803
Aug 201807,21859.403.07$22,134
Jul 201806,26265.142.93$18,359
Jun 201806,46360.183.08$19,886
May 201808,09965.382.90$23,494
Apr 201807,88463.842.90$22,870
Mar 201808,10961.222.79$22,598
Feb 201807,13561.782.77$19,736
Jan 2018010,33262.874.01$41,424
Dec 201709,38457.272.92$27,416
Nov 201709,97755.423.12$31,112
Oct 2017011,22349.292.98$33,486
Sep 2017012,49647.523.09$38,579
Aug 2017013,21545.373.00$39,703
Jul 2017013,85043.873.09$42,759
Jun 2017012,36642.493.09$38,177
May 201708,42145.373.26$27,481
Apr 201707,36647.933.21$23,657
Mar 201707,97746.772.98$23,801
Feb 2017010,79250.452.95$31,864
Jan 2017013,01749.413.42$44,503
Dec 201609,68348.763.72$36,048
Nov 201605,54142.492.64$14,652
Oct 2016013,61846.193.09$42,083
Sep 2016011,05941.553.10$34,290
Aug 201607,83041.442.92$22,898
Jul 201603,81441.622.92$11,153
Jun 201603,92045.352.69$10,528
May 2016018,06442.521.99$35,966
Apr 2016015,82336.561.99$31,504
Mar 201607,62533.011.79$13,679
Feb 201603,24226.472.06$6,690
Jan 20160127.352.36$2
Dec 201505,28632.362.00$10,579
Nov 2015010,10038.792.17$21,890
Oct 2015014,24643.552.43$34,569
Sep 201502,58142.992.76$7,119
Aug 201506,80240.162.87$19,539
Jul 201507,10548.152.95$20,925
Jun 201507,13656.152.88$20,572
May 201506,26655.212.96$18,519
Apr 201501,66149.822.71$4,496
Mar 2015086842.892.93$2,547
Feb 201502,98744.662.98$8,890
Jan 201506,79043.433.10$21,053
Dec 201409,80454.693.59$35,210
Nov 201409,26970.464.25$39,410
Oct 201409,96678.303.90$38,877
Sep 2014010,64286.164.05$43,052
Aug 2014010,73589.394.04$43,317
Jul 2014011,54896.564.18$48,266
Jun 2014011,70998.164.74$55,464
May 2014010,51594.734.73$49,700
Apr 2014011,99195.944.81$57,666
Mar 2014014,59995.895.06$73,824
Feb 201409,36397.406.19$57,976
Jan 201403,38190.404.86$16,434
Dec 201302,84091.824.35$12,367
Nov 2013024788.853.74$923
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201308,716102.523.72$32,404
Jun 201309,67694.403.93$38,060
May 2013010,55194.834.15$43,777
Apr 2013011,29093.964.28$48,350
Mar 2013015,29893.623.91$59,859
Feb 2013014,09691.233.42$48,207
Jan 2013010,23791.603.42$35,010
Dec 201209,66586.773.42$33,056
Nov 201209,21886.953.62$33,415
Oct 201209,03789.383.40$30,723
Sep 2012012,18394.672.92$35,555
Aug 2012012,73092.662.91$37,021
Jul 201207,66485.133.02$23,151
Jun 2012010,22179.822.52$25,747
May 2012014,52091.612.49$36,130
Apr 2012014,578101.652.00$29,109
Mar 2012014,991105.052.22$33,311
Feb 2012012,381101.102.57$31,822
Jan 2012014,10798.092.73$38,570
Dec 2011014,08996.873.24$45,645
Nov 2011015,00795.723.31$49,692
Oct 2011015,86484.983.65$57,880
Sep 2011016,56183.623.99$66,009
Aug 2011014,38783.404.15$59,696
Jul 2011014,55694.144.52$65,753
Jun 2011015,36192.904.64$71,273
May 2011016,46098.134.40$72,503
Apr 2011016,462105.964.33$71,334
Mar 2011017,36596.364.06$70,456
Feb 2011015,82185.644.18$66,131
Jan 2011015,07686.504.59$69,180
Dec 2010011,82385.734.35$51,403
Nov 2010011,24780.843.80$42,686
Oct 2010010,86278.103.51$38,114
Sep 201007,31172.633.98$29,094
Aug 2010015,06873.684.42$66,591
Jul 2010024,60272.554.74$116,527
Jun 2010021,29370.364.91$104,557
May 2010019,82271.124.24$83,951
Apr 2010027,68981.694.12$114,153
Mar 2010030,80578.394.39$135,193
Feb 2010030,62173.585.44$166,651
Jan 2010036,89874.365.96$220,063
Dec 2009039,66471.445.48$217,507
Nov 2009041,63974.593.75$156,209
Oct 2009048,59372.544.11$199,729
Sep 2009055,50765.543.06$170,115
Aug 2009036,04067.423.22$115,995
Jul 2009080,69061.133.46$279,551
Jun 2009079,47766.163.90$309,563

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                2,971 Mcf  × $  3.05 =     $9,049

────────────────────────────────────────────────────
Month total                                   $9,049

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/253485 is the state's own key, not one this site invented.