BOLES, VERDIA

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 261972District 09Field 65280200GasSaveExport
Value, all time
$9.9 M
Jun 2011 – May 2026
Value, last 12 filed months
$186 k
at the published price for each month
Months reported
180
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
GasProduction2,873,293 Mcf$9,900,758
Total$9,900,758

Every month this lease reported (180)

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

180 months

May 20264,520106.413.05$13,767
Apr 20264,33198.932.87$12,429
Mar 20263,96289.753.15$12,478
Feb 20263,80463.503.75$14,266
Jan 20264,23459.138.00$33,863
Dec 20254,12956.664.41$18,223
Nov 20253,90058.593.93$15,313
Oct 20254,24359.383.30$14,022
Sep 20254,43362.743.08$13,640
Aug 20254,24063.933.01$12,783
Jul 20253,99266.743.32$13,234
Jun 20253,95366.483.13$12,368
May 20254,52160.553.23$14,613
Apr 20254,36862.363.54$15,476
Mar 20254,48567.704.27$19,143
Feb 20254,05770.884.34$17,611
Jan 20254,63274.324.28$19,819
Dec 20244,91068.993.12$15,326
Nov 20244,91269.052.20$10,799
Oct 20245,14271.372.28$11,731
Sep 20244,39469.612.36$10,389
Aug 20244,84375.632.06$9,994
Jul 20244,79279.932.15$10,286
Jun 20244,65778.082.63$12,266
May 20244,35278.812.20$9,568
Apr 20244,51084.451.66$7,483
Mar 20245,22480.301.55$8,072
Feb 20245,38576.091.78$9,605
Jan 20245,73073.023.30$18,896
Dec 20236,02371.262.61$15,724
Nov 20235,48377.892.81$15,394
Oct 20235,97585.443.09$18,447
Sep 20235,96889.042.74$16,323
Aug 20236,22980.522.67$16,649
Jul 20236,10474.852.64$16,126
Jun 20235,91868.962.26$13,366
May 20236,52270.622.23$14,527
Apr 20236,37878.122.24$14,272
Mar 20236,48172.852.39$15,510
Feb 20235,72675.112.47$14,118
Jan 20236,44776.533.39$21,841
Dec 20226,61876.415.73$37,915
Nov 20226,47285.005.65$36,542
Oct 20226,65187.185.86$39,000
Sep 20227,38684.888.16$60,297
Aug 20227,53494.529.13$68,764
Jul 20228,268101.587.54$62,358
Jun 20228,268115.097.98$65,955
May 20228,585109.378.43$72,398
Apr 20228,456104.226.84$57,819
Mar 20228,823108.885.08$44,789
Feb 20228,06191.054.86$39,167
Jan 20228,78981.844.54$39,882
Dec 20214,52071.323.90$17,624
Nov 20217,55077.435.24$39,538
Oct 20217,52879.795.71$43,014
Sep 20217,47069.865.35$39,971
Aug 20217,57666.024.22$31,975
Jul 20217,64170.783.98$30,427
Jun 20217,46169.493.38$25,223
May 20217,67663.483.02$23,164
Apr 20218,01660.362.76$22,111
Mar 20218,81561.302.72$23,950
Feb 20216,02457.805.55$33,421
Jan 20217,59550.412.81$21,344
Dec 20207,94744.642.68$21,262
Nov 20208,07838.772.71$21,864
Oct 20208,42836.972.48$20,888
Sep 20208,22037.091.99$16,366
Aug 20208,69139.982.39$20,729
Jul 20208,87138.371.83$16,191
Jun 20208,38734.901.69$14,177
May 20207,60816.921.81$13,807
Apr 20208,55914.751.80$15,444
Mar 20209,87830.341.86$18,336
Feb 20208,84949.881.98$17,527
Jan 202010,20657.252.09$21,379
Dec 201910,46659.012.30$24,117
Nov 201910,47955.302.75$28,825
Oct 201911,35253.472.42$27,455
Sep 201910,82555.052.66$28,765
Aug 201911,12653.112.30$25,638
Jul 201911,87956.272.46$29,223
Jun 201911,18752.782.49$27,869
May 201911,60258.482.74$31,793
Apr 201911,80762.632.75$32,478
Mar 201912,12556.803.06$37,128
Feb 201911,60150.852.79$32,393
Jan 201912,86546.033.23$41,531
Dec 201812,37046.594.19$51,774
Nov 201812,28252.934.24$52,042
Oct 201812,46361.443.40$42,350
Sep 201810,61559.543.11$32,991
Aug 201811,31759.403.07$34,704
Jul 201811,29065.142.93$33,101
Jun 20189,87460.183.08$30,382
May 201869,78165.382.90$202,421
Apr 201811,38263.842.90$33,017
Mar 201812,45661.222.79$34,713
Feb 201811,30161.782.77$31,260
Jan 201812,93662.874.01$51,865
Dec 201715,88657.272.92$46,411
Nov 201715,49755.423.12$48,325
Oct 201713,21849.292.98$39,438
Sep 201712,05047.523.09$37,202
Aug 201714,03545.373.00$42,167
Jul 201714,73143.873.09$45,479
Jun 201714,16942.493.09$43,744
May 201712,70545.373.26$41,462
Apr 201710,43647.933.21$33,516
Mar 20177546.772.98$224
Feb 2017050.452.95$0
Jan 201740049.413.42$1,368
Dec 20166,67948.763.72$24,865
Nov 201670642.492.64$1,867
Oct 20166346.193.09$195
Sep 20167,24441.553.10$22,461
Aug 201611,39741.442.92$33,329
Jul 20167,62941.622.92$22,310
Jun 201615,55945.352.69$41,789
May 201616,20842.521.99$32,271
Apr 201615,78536.561.99$31,429
Mar 201616,98533.011.79$30,471
Feb 201616,26526.472.06$33,565
Jan 201617,64127.352.36$41,710
Dec 201517,90632.362.00$35,837
Nov 201517,36238.792.17$37,629
Oct 201517,74643.552.43$43,062
Sep 201516,98942.992.76$46,863
Aug 201517,82740.162.87$51,208
Jul 201518,02948.152.95$53,097
Jun 201517,18656.152.88$49,545
May 201519,59555.212.96$57,912
Apr 201518,64249.822.71$50,456
Mar 201519,15642.892.93$56,217
Feb 201518,42044.662.98$54,821
Jan 201520,27643.433.10$62,868
Dec 201420,65454.693.59$74,176
Nov 201420,19170.464.25$85,849
Oct 201420,56778.303.90$80,231
Sep 201419,88686.164.05$80,448
Aug 201421,97989.394.04$88,688
Jul 201423,61496.564.18$98,697
Jun 201422,04098.164.74$104,401
May 201423,07794.734.73$109,075
Apr 201423,30695.944.81$112,081
Mar 201425,03495.895.06$126,592
Feb 201422,37997.406.19$138,571
Jan 201424,26690.404.86$117,950
Dec 201322,23291.824.35$96,809
Nov 201322,84588.853.74$85,401
Oct 201323,31297.423.78$88,104
Sep 201323,193104.113.72$86,226
Aug 201324,471104.253.52$86,202
Jul 201323,983102.523.72$89,163
Jun 201320,14494.403.93$79,235
May 201325,26594.834.15$104,827
Apr 201327,16193.964.28$116,319
Mar 201328,47593.623.91$111,419
Feb 201327,00191.233.42$92,341
Jan 201331,41891.603.42$107,447
Dec 201232,99686.773.42$112,852
Nov 201233,09886.953.62$119,979
Oct 201234,91389.383.40$118,693
Sep 201227,64294.672.92$80,670
Aug 201231,29092.662.91$90,996
Jul 201234,98285.133.02$105,674
Jun 201236,38579.822.52$91,655
May 201240,01491.612.49$99,568
Apr 201242,289101.652.00$84,443
Mar 201245,867105.052.22$101,920
Feb 201247,907101.102.57$123,132
Jan 201255,29798.092.73$151,186
Dec 201160,97196.873.24$197,530
Nov 201163,86395.723.31$211,468
Oct 201173,80684.983.65$269,284
Sep 201179,19983.623.99$315,671
Aug 201192,36283.404.15$383,239
Jul 2011122,49794.144.52$553,348
Jun 201152,13092.904.64$241,877

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                4,520 Mcf  × $  3.05 =    $13,767

────────────────────────────────────────────────────
Month total                                  $13,767

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/261972 is the state's own key, not one this site invented.