RICE UNIT

Operated by BKV NORTH TEXAS, LLC (P-5 100345) 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 264032District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.7 M
Oct 2011 – May 2026
Value, last 12 filed months
$194 k
at the published price for each month
Months reported
176
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$58
GasProduction2,089,947 Mcf$6,729,171
Total$6,729,229

Every month this lease reported (176)

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

176 months

May 202602,918106.413.05$8,888
Apr 202603,14098.932.87$9,011
Mar 202606,12789.753.15$19,297
Feb 202605,11463.503.75$19,179
Jan 202602,31459.138.00$18,507
Dec 2025085456.664.41$3,769
Nov 202505,51658.593.93$21,658
Oct 202506,95359.383.30$22,979
Sep 202506,86662.743.08$21,126
Aug 202506,68563.933.01$20,154
Jul 202504,39966.743.32$14,584
Jun 202504,71166.483.13$14,739
May 202505,15760.553.23$16,669
Apr 202504,59362.363.54$16,274
Mar 202503,91967.704.27$16,728
Feb 202503,21070.884.34$13,934
Jan 202503,99074.324.28$17,072
Dec 202403,91568.993.12$12,220
Nov 202403,03569.052.20$6,672
Oct 202404,58171.372.28$10,451
Sep 202401,02869.612.36$2,431
Aug 202401,68175.632.06$3,469
Jul 202401,56679.932.15$3,362
Jun 2024066978.082.63$1,762
May 2024072778.812.20$1,598
Apr 2024070284.451.66$1,165
Mar 202402,30580.301.55$3,562
Feb 202401,60576.091.78$2,863
Jan 202402,96873.023.30$9,787
Dec 202305,70971.262.61$14,905
Nov 202305,87877.892.81$16,503
Oct 202306,91585.443.09$21,349
Sep 202307,95189.042.74$21,746
Aug 202308,17880.522.67$21,859
Jul 202308,43074.852.64$22,270
Jun 202305,76468.962.26$13,018
May 202306,96970.622.23$15,523
Apr 202306,43078.122.24$14,389
Mar 202306,56872.852.39$15,718
Feb 202301,95175.112.47$4,811
Jan 202307,39176.533.39$25,039
Dec 202208,16776.415.73$46,789
Nov 202207,17785.005.65$40,523
Oct 202203,54487.185.86$20,781
Sep 20220084.888.16$0
Aug 2022013394.529.13$1,214
Jul 202206,546101.587.54$49,370
Jun 202204,244115.097.98$33,855
May 202202,621109.378.43$22,103
Apr 202205,418104.226.84$37,046
Mar 202205,321108.885.08$27,012
Feb 202201,03891.054.86$5,043
Jan 202203,56781.844.54$16,186
Dec 202103,24571.323.90$12,653
Nov 202103,66877.435.24$19,209
Oct 202102,29279.795.71$13,096
Sep 20210769.865.35$37
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 2021025063.483.02$754
Apr 202102,69860.362.76$7,442
Mar 202102,20461.302.72$5,988
Feb 202112,48857.805.55$13,861
Jan 202102,70050.412.81$7,588
Dec 202001,39444.642.68$3,730
Nov 202004,29938.772.71$11,636
Oct 202005,43636.972.48$13,473
Sep 202004,34237.091.99$8,645
Aug 202005,02439.982.39$11,983
Jul 202002,62738.371.83$4,795
Jun 202003,57734.901.69$6,046
May 202003,05916.921.81$5,551
Apr 202004,45714.751.80$8,042
Mar 202006,37930.341.86$11,841
Feb 202005,85349.881.98$11,593
Jan 2020010,01057.252.09$20,968
Dec 201908,34959.012.30$19,239
Nov 201908,50755.302.75$23,400
Oct 2019010,70153.472.42$25,881
Sep 2019010,47955.052.66$27,846
Aug 201909,22653.112.30$21,260
Jul 201905,69356.272.46$14,005
Jun 201906,71552.782.49$16,728
May 201908,99158.482.74$24,638
Apr 2019011,03162.632.75$30,343
Mar 201906,36256.803.06$19,481
Feb 201909,05750.852.79$25,289
Jan 2019011,49346.033.23$37,101
Dec 2018012,22946.594.19$51,184
Nov 2018010,79052.934.24$45,720
Oct 2018011,65061.443.40$39,588
Sep 2018011,70659.543.11$36,382
Aug 2018011,89859.403.07$36,486
Jul 2018012,71665.142.93$37,282
Jun 201809,98360.183.08$30,717
May 2018011,39165.382.90$33,043
Apr 201806,50963.842.90$18,881
Mar 201802,00361.222.79$5,582
Feb 2018011,16461.782.77$30,881
Jan 2018012,06462.874.01$48,368
Dec 2017015,15657.272.92$44,279
Nov 2017014,32655.423.12$44,674
Oct 2017015,33449.292.98$45,752
Sep 2017015,55147.523.09$48,010
Aug 2017012,02545.373.00$36,128
Jul 201708,73443.873.09$26,964
Jun 201707,85542.493.09$24,251
May 201704,21245.373.26$13,745
Apr 201703,43147.933.21$11,019
Mar 201702,88546.772.98$8,608
Feb 201709,99150.452.95$29,499
Jan 2017011,05149.413.42$37,781
Dec 201604,05948.763.72$15,111
Nov 2016011,27342.492.64$29,810
Oct 2016014,27546.193.09$44,113
Sep 2016014,94541.553.10$46,339
Aug 2016018,14241.442.92$53,053
Jul 2016017,69341.622.92$51,740
Jun 2016017,35345.352.69$46,607
May 2016018,62842.521.99$37,089
Apr 2016012,52136.561.99$24,930
Mar 2016011,60233.011.79$20,814
Feb 2016011,49026.472.06$23,711
Jan 2016012,44527.352.36$29,424
Dec 2015014,34432.362.00$28,708
Nov 2015012,90138.792.17$27,961
Oct 2015012,68043.552.43$30,769
Sep 2015031342.992.76$863
Aug 201509,82940.162.87$28,234
Jul 2015069648.152.95$2,050
Jun 2015011956.152.88$343
May 2015014,67655.212.96$43,374
Apr 201508,80949.822.71$23,842
Mar 2015013,90642.892.93$40,810
Feb 2015015,42944.662.98$45,920
Jan 2015018,03243.433.10$55,911
Dec 2014017,96554.693.59$64,519
Nov 2014019,54570.464.25$83,102
Oct 2014020,35078.303.90$79,385
Sep 2014017,93886.164.05$72,567
Aug 2014020,63789.394.04$83,273
Jul 2014021,19496.564.18$88,582
Jun 2014020,49498.164.74$97,078
May 2014022,78694.734.73$107,699
Apr 2014022,87395.944.81$109,999
Mar 2014012,38295.895.06$62,613
Feb 201408,76997.406.19$54,298
Jan 2014025,53490.404.86$124,114
Dec 2013023,21091.824.35$101,067
Nov 2013021,39088.853.74$79,962
Oct 2013023,10097.423.78$87,303
Sep 2013025,648104.113.72$95,353
Aug 2013025,266104.253.52$89,002
Jul 2013026,728102.523.72$99,368
Jun 2013022,42194.403.93$88,191
May 2013026,37794.834.15$109,440
Apr 2013027,18793.964.28$116,431
Mar 2013032,03393.623.91$125,341
Feb 2013031,97491.233.42$109,348
Jan 2013035,45691.603.42$121,256
Dec 2012038,67386.773.42$132,268
Nov 2012038,06586.953.62$137,984
Oct 2012042,51889.383.40$144,548
Sep 2012044,72594.672.92$130,525
Aug 2012050,21792.662.91$146,039
Jul 2012055,20485.133.02$166,760
Jun 2012059,21579.822.52$149,165
May 2012070,85891.612.49$176,317
Apr 2012078,098101.652.00$155,946
Mar 2012088,650105.052.22$196,987
Feb 2012031,882101.102.57$81,944
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$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.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                2,918 Mcf  × $  3.05 =     $8,888

────────────────────────────────────────────────────
Month total                                   $8,888

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/264032 is the state's own key, not one this site invented.