MCGEE, ODIS GAS UNIT

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 260779District 09Field 65280200GasSaveExport
Value, all time
$8.0 M
Feb 2011 – May 2026
Value, last 12 filed months
$91 k
at the published price for each month
Months reported
184
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
GasProduction2,188,280 Mcf$8,014,877
Total$8,014,877

Every month this lease reported (184)

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

184 months

May 20261,713106.413.05$5,218
Apr 20261,95198.932.87$5,599
Mar 20261,44189.753.15$4,538
Feb 20261,65363.503.75$6,199
Jan 20261,88859.138.00$15,100
Dec 20252,90356.664.41$12,812
Nov 202523958.593.93$938
Oct 20252,40659.383.30$7,951
Sep 20252,59262.743.08$7,975
Aug 20252,76463.933.01$8,333
Jul 20252,44066.743.32$8,089
Jun 20252,54566.483.13$7,963
May 20252,31660.553.23$7,486
Apr 20252,38862.363.54$8,461
Mar 20252,43067.704.27$10,372
Feb 20251,98870.884.34$8,630
Jan 20251,63674.324.28$7,000
Dec 20242,67268.993.12$8,340
Nov 20243,18569.052.20$7,002
Oct 20244,80571.372.28$10,962
Sep 20244,13769.612.36$9,781
Aug 202452175.632.06$1,075
Jul 20241,32979.932.15$2,853
Jun 2024078.082.63$0
May 20241,07778.812.20$2,368
Apr 202434784.451.66$576
Mar 20243,22680.301.55$4,985
Feb 20241,30676.091.78$2,329
Jan 20241,43373.023.30$4,726
Dec 20232,51271.262.61$6,558
Nov 20232,14277.892.81$6,014
Oct 20235,58985.443.09$17,255
Sep 20232,50789.042.74$6,857
Aug 20234,27280.522.67$11,419
Jul 20233,95174.852.64$10,438
Jun 20232,25768.962.26$5,097
May 20233,90270.622.23$8,691
Apr 20234,51778.122.24$10,108
Mar 20233,97572.852.39$9,513
Feb 20234,01975.112.47$9,910
Jan 20234,70076.533.39$15,922
Dec 20224,77176.415.73$27,333
Nov 20225,34985.005.65$30,202
Oct 20225,14487.185.86$30,163
Sep 20223,83484.888.16$31,300
Aug 20222,90994.529.13$26,551
Jul 20225,314101.587.54$40,079
Jun 20225,025115.097.98$40,085
May 20225,659109.378.43$47,723
Apr 20226,685104.226.84$45,709
Mar 20226,265108.885.08$31,804
Feb 20224,38191.054.86$21,287
Jan 20224,97781.844.54$22,584
Dec 20215,96771.323.90$23,266
Nov 20216,25577.435.24$32,757
Oct 20218,67679.795.71$49,574
Sep 20215,76369.865.35$30,837
Aug 20215,17666.024.22$21,846
Jul 20214,14370.783.98$16,498
Jun 20214,75169.493.38$16,061
May 20215,80763.483.02$17,524
Apr 20216,73760.362.76$18,583
Mar 20217,22861.302.72$19,638
Feb 20214,37757.805.55$24,283
Jan 20217,77150.412.81$21,839
Dec 20207,39944.642.68$19,796
Nov 20206,96838.772.71$18,859
Oct 20206,37936.972.48$15,810
Sep 20206,28537.091.99$12,514
Aug 20208,57739.982.39$20,457
Jul 202011,09038.371.83$20,241
Jun 20207,16434.901.69$12,109
May 20207,81316.921.81$14,179
Apr 202013,45614.751.80$24,280
Mar 202014,17630.341.86$26,314
Feb 20209,34749.881.98$18,513
Jan 20208,21857.252.09$17,215
Dec 20198,06659.012.30$18,587
Nov 20197,75755.302.75$21,337
Oct 20197,97653.472.42$19,290
Sep 20197,47855.052.66$19,871
Aug 201930753.112.30$707
Jul 20195,51256.272.46$13,560
Jun 20195,68952.782.49$14,172
May 20198,88758.482.74$24,353
Apr 20197,93462.632.75$21,824
Mar 20196,35556.803.06$19,460
Feb 20197,55250.852.79$21,087
Jan 201910,02746.033.23$32,369
Dec 201810,65746.594.19$44,604
Nov 20189,76152.934.24$41,360
Oct 20189,92161.443.40$33,712
Sep 201813,27359.543.11$41,252
Aug 20188,04759.403.07$24,677
Jul 20189,41665.142.93$27,607
Jun 20185,99960.183.08$18,458
May 20183,79365.382.90$11,003
Apr 20187,57663.842.90$21,976
Mar 20186,83261.222.79$19,040
Feb 20187,22861.782.77$19,994
Jan 20187,87162.874.01$31,557
Dec 20178,89857.272.92$25,996
Nov 201711,62255.423.12$36,242
Oct 20178,15049.292.98$24,317
Sep 201710,54147.523.09$32,543
Aug 201710,11245.373.00$30,380
Jul 201716,60143.873.09$51,252
Jun 201712,98842.493.09$40,098
May 201716,63345.373.26$54,280
Apr 20178,21447.933.21$26,380
Mar 20177,20246.772.98$21,488
Feb 20179,19650.452.95$27,152
Jan 20178,12549.413.42$27,778
Dec 20161,08548.763.72$4,039
Nov 20164,52442.492.64$11,963
Oct 20169,14946.193.09$28,273
Sep 20169,96041.553.10$30,882
Aug 20164,18141.442.92$12,227
Jul 20166,82041.622.92$19,944
Jun 20161,83145.352.69$4,918
May 20162,07742.521.99$4,135
Apr 20167,90336.561.99$15,735
Mar 20161,97033.011.79$3,534
Feb 201649426.472.06$1,019
Jan 2016027.352.36$0
Dec 201558932.362.00$1,179
Nov 201557838.792.17$1,253
Oct 20159,23443.552.43$22,407
Sep 20158,98642.992.76$24,787
Aug 201511,74940.162.87$33,749
Jul 201514,33348.152.95$42,212
Jun 201517,36456.152.88$50,058
May 201519,43055.212.96$57,424
Apr 201515,97649.822.71$43,240
Mar 201517,01942.892.93$49,946
Feb 201517,72744.662.98$52,759
Jan 201524,87543.433.10$77,128
Dec 201411,15354.693.59$40,054
Nov 20149,12370.464.25$38,790
Oct 20144678.303.90$179
Sep 2014386.164.05$12
Aug 20144389.394.04$174
Jul 20148,45996.564.18$35,355
Jun 201421,38098.164.74$101,274
May 201424,86094.734.73$117,502
Apr 201420,85095.944.81$100,270
Mar 201421,75295.895.06$109,996
Feb 201418,79497.406.19$116,372
Jan 201418,40990.404.86$89,481
Dec 20133,56091.824.35$15,502
Nov 201322,11788.853.74$82,680
Oct 201323,12797.423.78$87,405
Sep 201322,799104.113.72$84,761
Aug 201324,446104.253.52$86,114
Jul 201325,715102.523.72$95,602
Jun 201325,80594.403.93$101,502
May 201327,68894.834.15$114,880
Apr 201325,95993.964.28$111,172
Mar 201329,09993.623.91$113,861
Feb 201328,77791.233.42$98,415
Jan 201334,01791.603.42$116,335
Dec 201235,34186.773.42$120,872
Nov 201237,92786.953.62$137,484
Oct 201236,39489.383.40$123,728
Sep 201240594.672.92$1,182
Aug 201211392.662.91$329
Jul 201210485.133.02$314
Jun 20127,43679.822.52$18,732
May 20124891.612.49$119
Apr 2012145101.652.00$290
Mar 201210,353105.052.22$23,005
Feb 201245,401101.102.57$116,691
Jan 201252,54198.092.73$143,651
Dec 201138,22196.873.24$123,826
Nov 20119,28495.723.31$30,742
Oct 201129,02384.983.65$105,892
Sep 201150,71983.623.99$202,156
Aug 201161,36883.404.15$254,635
Jul 201167,85494.144.52$306,513
Jun 201152,28092.904.64$242,573
May 201159,12598.134.40$260,435
Apr 201178,708105.964.33$341,064
Mar 2011125,35296.364.06$508,596
Feb 201178,59785.644.18$328,534

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                1,713 Mcf  × $  3.05 =     $5,218

────────────────────────────────────────────────────
Month total                                   $5,218

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/260779 is the state's own key, not one this site invented.