RAWDON-SIERRA-MCGEE (SA)

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 265128District 09Field 65280200GasSaveExport
Value, all time
$6.7 M
Nov 2011 – May 2026
Value, last 12 filed months
$193 k
at the published price for each month
Months reported
175
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
GasProduction1,990,076 Mcf$6,724,399
Total$6,724,399

Every month this lease reported (175)

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

175 months

May 20263,346106.413.05$10,191
Apr 20264,15698.932.87$11,927
Mar 20264,54189.753.15$14,302
Feb 20263,41763.503.75$12,815
Jan 20262,66959.138.00$21,346
Dec 20254,76556.664.41$21,030
Nov 20254,25458.593.93$16,703
Oct 20254,98859.383.30$16,485
Sep 20255,29262.743.08$16,283
Aug 20255,54663.933.01$16,720
Jul 20255,28266.743.32$17,511
Jun 20255,72566.483.13$17,912
May 20255,75560.553.23$18,602
Apr 20255,62162.363.54$19,916
Mar 20255,71067.704.27$24,372
Feb 20252,81370.884.34$12,211
Jan 20254,44074.324.28$18,997
Dec 20244,16368.993.12$12,994
Nov 20244,57169.052.20$10,049
Oct 20245,03271.372.28$11,480
Sep 20244,97569.612.36$11,763
Aug 20244,20175.632.06$8,669
Jul 20244,96679.932.15$10,660
Jun 20245,00678.082.63$13,186
May 20245,54278.812.20$12,184
Apr 20245,62584.451.66$9,333
Mar 20245,49280.301.55$8,486
Feb 20245,41476.091.78$9,657
Jan 20245,29873.023.30$17,471
Dec 20235,87571.262.61$15,338
Nov 20234,62577.892.81$12,985
Oct 20234,33185.443.09$13,371
Sep 20235,62189.042.74$15,374
Aug 20236,18680.522.67$16,534
Jul 20236,45974.852.64$17,063
Jun 20236,22268.962.26$14,052
May 20236,72970.622.23$14,988
Apr 20235,82478.122.24$13,033
Mar 20236,71272.852.39$16,063
Feb 20235,02775.112.47$12,395
Jan 20236,33576.533.39$21,461
Dec 20226,91876.415.73$39,634
Nov 20226,07885.005.65$34,318
Oct 20226,34987.185.86$37,229
Sep 20224,55584.888.16$37,186
Aug 20226,52694.529.13$59,564
Jul 20226,306101.587.54$47,560
Jun 20226,756115.097.98$53,894
May 20227,708109.378.43$65,002
Apr 20227,124104.226.84$48,711
Mar 20227,136108.885.08$36,225
Feb 20225,13591.054.86$24,950
Jan 20226,44581.844.54$29,245
Dec 20215,79471.323.90$22,592
Nov 20215,23977.435.24$27,436
Oct 20215,45579.795.71$31,169
Sep 20215,22169.865.35$27,937
Aug 20215,26066.024.22$22,200
Jul 20214,71170.783.98$18,760
Jun 20215,47669.493.38$18,512
May 20216,63963.483.02$20,034
Apr 20215,45760.362.76$15,053
Mar 20214,67661.302.72$12,704
Feb 20213,17457.805.55$17,609
Jan 20218,14850.412.81$22,898
Dec 20207,60744.642.68$20,352
Nov 20208,01138.772.71$21,682
Oct 20208,39636.972.48$20,809
Sep 20207,87737.091.99$15,683
Aug 20208,01039.982.39$19,105
Jul 20206,30938.371.83$11,515
Jun 20208,48634.901.69$14,344
May 20208,23916.921.81$14,952
Apr 20208,57914.751.80$15,480
Mar 20208,85230.341.86$16,431
Feb 20207,51149.881.98$14,877
Jan 20207,63357.252.09$15,989
Dec 20197,89859.012.30$18,200
Nov 20197,32755.302.75$20,154
Oct 20198,62453.472.42$20,857
Sep 20197,78055.052.66$20,674
Aug 20197,56653.112.30$17,435
Jul 20198,13756.272.46$20,018
Jun 20198,64152.782.49$21,526
May 20199,03558.482.74$24,759
Apr 20198,76962.632.75$24,121
Mar 20196,81556.803.06$20,868
Feb 20198,42250.852.79$23,516
Jan 20196,81546.033.23$22,000
Dec 20189,95146.594.19$41,649
Nov 20186,44052.934.24$27,288
Oct 20187,24261.443.40$24,609
Sep 201811,46559.543.11$35,633
Aug 201812,20459.403.07$37,424
Jul 201811,52465.142.93$33,787
Jun 20188,55360.183.08$26,317
May 20188,39765.382.90$24,358
Apr 201810,48663.842.90$30,418
Mar 201811,87961.222.79$33,105
Feb 201811,27961.782.77$31,199
Jan 20187,76962.874.01$31,148
Dec 201713,08057.272.92$38,213
Nov 20179,17155.423.12$28,598
Oct 20178,88649.292.98$26,513
Sep 201711,05847.523.09$34,139
Aug 20175,82345.373.00$17,495
Jul 20171,91343.873.09$5,906
Jun 20171,94542.493.09$6,005
May 201766245.373.26$2,160
Apr 20174,38347.933.21$14,076
Mar 20179,27446.772.98$27,671
Feb 20172,16550.452.95$6,392
Jan 20174,46549.413.42$15,265
Dec 201610,86548.763.72$40,449
Nov 201611,24242.492.64$29,728
Oct 201611,24246.193.09$34,741
Sep 201611,22241.553.10$34,795
Aug 201611,60141.442.92$33,925
Jul 201612,07741.622.92$35,317
Jun 201612,77445.352.69$34,309
May 201613,63642.521.99$27,150
Apr 20162,25236.561.99$4,484
Mar 201613,08133.011.79$23,467
Feb 201613,23826.472.06$27,318
Jan 201616,21027.352.36$38,326
Dec 201515,86032.362.00$31,742
Nov 201515,44638.792.17$33,477
Oct 201516,44843.552.43$39,912
Sep 201516,08042.992.76$44,355
Aug 201517,76840.162.87$51,038
Jul 201518,56148.152.95$54,664
Jun 201518,11456.152.88$52,220
May 201517,48655.212.96$51,679
Apr 20155,63949.822.71$15,262
Mar 2015042.892.93$0
Feb 2015744.662.98$21
Jan 201513,83743.433.10$42,903
Dec 201414,81454.693.59$53,202
Nov 201413,45270.464.25$57,196
Oct 201423,20078.303.90$90,502
Sep 201422,85386.164.05$92,450
Aug 201421,42189.394.04$86,436
Jul 201421,10096.564.18$88,190
Jun 201422,08498.164.74$104,609
May 201425,68294.734.73$121,388
Apr 201425,01295.944.81$120,286
Mar 201420,13195.895.06$101,798
Feb 20148,57597.406.19$53,096
Jan 201422,25490.404.86$108,170
Dec 201322,44491.824.35$97,732
Nov 201322,09388.853.74$82,590
Oct 201325,13297.423.78$94,983
Sep 201327,047104.113.72$100,554
Aug 201329,009104.253.52$102,187
Jul 201328,444102.523.72$105,747
Jun 201330,03594.403.93$118,140
May 201330,36694.834.15$125,991
Apr 201332,58593.964.28$139,548
Mar 201331,08793.623.91$121,639
Feb 201330,29491.233.42$103,603
Jan 201328,88291.603.42$98,774
Dec 201233,56786.773.42$114,805
Nov 201236,08386.953.62$130,799
Oct 201239,98089.383.40$135,919
Sep 201243,73094.672.92$127,622
Aug 201251,29092.662.91$149,160
Jul 201262,69285.133.02$189,380
Jun 201274,54879.822.52$187,789
May 201243,31491.612.49$107,779
Apr 20120101.652.00$0
Mar 20120105.052.22$0
Feb 20120101.102.57$0
Jan 2012098.092.73$0
Dec 2011096.873.24$0
Nov 2011095.723.31$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
Gas                3,346 Mcf  × $  3.05 =    $10,191

────────────────────────────────────────────────────
Month total                                  $10,191

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/265128 is the state's own key, not one this site invented.