TRAIL OAKS

Operated by TEP BARNETT USA, LLC (P-5 842986) 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 255432District 09Field 65280200GasSaveExport
Value, all time
$6.7 M
Sep 2009 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
201
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
GasProduction1,790,136 Mcf$6,712,106
Total$6,712,106

Every month this lease reported (201)

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

201 months

May 20260106.413.05$0
Apr 2026098.932.87$0
Mar 2026089.753.15$0
Feb 2026063.503.75$0
Jan 2026059.138.00$0
Dec 2025056.664.41$0
Nov 2025058.593.93$0
Oct 2025059.383.30$0
Sep 2025062.743.08$0
Aug 2025063.933.01$0
Jul 2025066.743.32$0
Jun 2025066.483.13$0
May 2025060.553.23$0
Apr 2025062.363.54$0
Mar 2025067.704.27$0
Feb 2025070.884.34$0
Jan 2025074.324.28$0
Dec 2024068.993.12$0
Nov 2024069.052.20$0
Oct 2024071.372.28$0
Sep 2024069.612.36$0
Aug 2024075.632.06$0
Jul 2024079.932.15$0
Jun 2024078.082.63$0
May 2024078.812.20$0
Apr 2024084.451.66$0
Mar 2024080.301.55$0
Feb 2024076.091.78$0
Jan 2024073.023.30$0
Dec 2023071.262.61$0
Nov 2023077.892.81$0
Oct 2023085.443.09$0
Sep 2023089.042.74$0
Aug 2023080.522.67$0
Jul 2023074.852.64$0
Jun 202311768.962.26$264
May 20232,22870.622.23$4,963
Apr 20232,17878.122.24$4,874
Mar 20231,95772.852.39$4,683
Feb 20231,30075.112.47$3,205
Jan 202358376.533.39$1,975
Dec 20221,39476.415.73$7,986
Nov 20222,81685.005.65$15,900
Oct 20223,67187.185.86$21,526
Sep 20223,80684.888.16$31,071
Aug 20222,15694.529.13$19,678
Jul 20223,542101.587.54$26,714
Jun 20223,398115.097.98$27,107
May 20223,210109.378.43$27,070
Apr 20223,201104.226.84$21,887
Mar 20222,807108.885.08$14,249
Feb 20222,13591.054.86$10,374
Jan 20221,92981.844.54$8,753
Dec 20211,78371.323.90$6,952
Nov 20212,56977.435.24$13,453
Oct 20213,16479.795.71$18,079
Sep 20213,36669.865.35$18,011
Aug 20213,77066.024.22$15,912
Jul 20214,59470.783.98$18,294
Jun 20214,20869.493.38$14,226
May 20214,87063.483.02$14,696
Apr 20215,01360.362.76$13,828
Mar 20215,30461.302.72$14,411
Feb 20212,58657.805.55$14,347
Jan 202111450.412.81$320
Dec 20204,07744.642.68$10,908
Nov 20204,81038.772.71$13,019
Oct 20206,35736.972.48$15,755
Sep 20206,43937.091.99$12,820
Aug 20207,24839.982.39$17,287
Jul 20206,80538.371.83$12,420
Jun 20207,34934.901.69$12,422
May 202010,41016.921.81$18,892
Apr 202010,28914.751.80$18,565
Mar 202010,49530.341.86$19,481
Feb 202010,01349.881.98$19,832
Jan 20207,93557.252.09$16,622
Dec 20196,19259.012.30$14,269
Nov 20196,47755.302.75$17,816
Oct 20197,49153.472.42$18,117
Sep 20195,47255.052.66$14,541
Aug 20196,15853.112.30$14,190
Jul 20196,38556.272.46$15,707
Jun 20195,19452.782.49$12,939
May 20196,72258.482.74$18,420
Apr 20199,65762.632.75$26,564
Mar 20198,42856.803.06$25,807
Feb 20197,85950.852.79$21,944
Jan 20198,56746.033.23$27,656
Dec 201812,84246.594.19$53,749
Nov 201812,95752.934.24$54,902
Oct 201814,26861.443.40$48,484
Sep 201815,01859.543.11$46,676
Aug 201816,13159.403.07$49,467
Jul 201817,43265.142.93$51,109
Jun 20189,86560.183.08$30,354
May 20182,33665.382.90$6,776
Apr 2018063.842.90$0
Mar 2018061.222.79$0
Feb 2018061.782.77$0
Jan 2018062.874.01$0
Dec 2017057.272.92$0
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 2017045.373.00$0
Jul 2017043.873.09$0
Jun 2017042.493.09$0
May 2017045.373.26$0
Apr 2017047.933.21$0
Mar 20171,71046.772.98$5,102
Feb 20173,54550.452.95$10,467
Jan 20176,42149.413.42$21,952
Dec 20165,25848.763.72$19,575
Nov 20165,56642.492.64$14,718
Oct 20162,38446.193.09$7,367
Sep 20163,66541.553.10$11,364
Aug 20164,29641.442.92$12,563
Jul 20165,49041.622.92$16,055
Jun 20162,87145.352.69$7,711
May 20163,59942.521.99$7,166
Apr 20161,89636.561.99$3,775
Mar 20167,51933.011.79$13,489
Feb 20167,35026.472.06$15,168
Jan 20161,94527.352.36$4,599
Dec 20155,00532.362.00$10,017
Nov 20158,03038.792.17$17,404
Oct 20151,39343.552.43$3,380
Sep 201566342.992.76$1,829
Aug 20155,38740.162.87$15,474
Jul 20156,66548.152.95$19,629
Jun 20158,54756.152.88$24,640
May 20158,51055.212.96$25,151
Apr 20153,43549.822.71$9,297
Mar 2015042.892.93$0
Feb 2015044.662.98$0
Jan 201529043.433.10$899
Dec 201463454.693.59$2,277
Nov 201443070.464.25$1,828
Oct 20142,23678.303.90$8,723
Sep 20145,42586.164.05$21,947
Aug 201413,86189.394.04$55,931
Jul 201414,00396.564.18$58,527
Jun 201414,98898.164.74$70,996
May 201413,00394.734.73$61,459
Apr 20149,99195.944.81$48,048
Mar 20149,76695.895.06$49,385
Feb 20147,88697.406.19$48,830
Jan 20149,83290.404.86$47,791
Dec 201312,68591.824.35$55,237
Nov 201314,76888.853.74$55,207
Oct 201315,90097.423.78$60,092
Sep 201313,640104.113.72$50,710
Aug 201315,282104.253.52$53,833
Jul 201317,372102.523.72$64,585
Jun 201317,12194.403.93$67,344
May 201311,09794.834.15$46,042
Apr 20137,74993.964.28$33,186
Mar 201314,57093.623.91$57,011
Feb 201315,41391.233.42$52,711
Jan 201315,26891.603.42$52,215
Dec 201217,97486.773.42$61,474
Nov 201216,67386.953.62$60,439
Oct 201217,39689.383.40$59,141
Sep 201215,46994.672.92$45,145
Aug 201215,80592.662.91$45,963
Jul 20125,84585.133.02$17,657
Jun 20124,68379.822.52$11,797
May 201215,83791.612.49$39,408
Apr 201217,052101.652.00$34,049
Mar 201221,659105.052.22$48,128
Feb 201222,288101.102.57$57,286
Jan 201226,56598.092.73$72,631
Dec 201118,25496.873.24$59,138
Nov 201123,18695.723.31$76,775
Oct 201116,51884.983.65$60,267
Sep 201126,61783.623.99$106,090
Aug 201118,00683.404.15$74,713
Jul 20118,36594.144.52$37,787
Jun 201111,38492.904.64$52,820
May 201110,61198.134.40$46,740
Apr 201133,757105.964.33$146,279
Mar 201142,43696.364.06$172,177
Feb 201132,08585.644.18$134,115
Jan 201118,50886.504.59$84,929
Dec 201043,18385.734.35$187,749
Nov 201049,52980.843.80$187,979
Oct 201044,91878.103.51$157,612
Sep 201049,70672.633.98$197,804
Aug 201055,32373.684.42$244,492
Jul 201072,83572.554.74$344,982
Jun 201074,21470.364.91$364,420
May 2010108,94171.124.24$461,389
Apr 201088,70781.694.12$365,711
Mar 2010078.394.39$0
Feb 2010073.585.44$0
Jan 2010074.365.96$0
Dec 2009071.445.48$0
Nov 2009074.593.75$0
Oct 2009072.544.11$0
Sep 2009065.543.06$0

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.

Jun 2023 — as filed, then multipliedworked
Gas                  117 Mcf  × $  2.26 =       $264

────────────────────────────────────────────────────
Month total                                     $264

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/255432 is the state's own key, not one this site invented.