MILLER-SHIPLEY (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 265140District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.5 M
Mar 2012 – May 2026
Value, last 12 filed months
$230 k
at the published price for each month
Months reported
171
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
CondensateDisposition105 bbl$7,424
GasProduction2,226,310 Mcf$7,460,982
Total$7,468,406

Every month this lease reported (171)

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

171 months

May 202605,278106.413.05$16,076
Apr 202604,77898.932.87$13,712
Mar 202605,00089.753.15$15,747
Feb 202604,53763.503.75$17,015
Jan 202604,56959.138.00$36,543
Dec 202505,55656.664.41$24,521
Nov 202505,36158.593.93$21,050
Oct 202505,40359.383.30$17,856
Sep 202505,45462.743.08$16,782
Aug 202505,45263.933.01$16,436
Jul 202555,13966.743.32$17,371
Jun 202515,26066.483.13$16,524
May 202575,18160.553.23$17,171
Apr 202545,25762.363.54$18,876
Mar 202595,88767.704.27$25,737
Feb 202575,07270.884.34$22,513
Jan 202563,80174.324.28$16,709
Dec 2024164,31168.993.12$14,560
Nov 202484,38169.052.20$10,184
Oct 202404,27371.372.28$9,748
Sep 202474,22569.612.36$10,477
Aug 202484,51175.632.06$9,914
Jul 202404,54679.932.15$9,758
Jun 202474,70078.082.63$12,926
May 202405,31578.812.20$11,685
Apr 202405,31784.451.66$8,822
Mar 202405,48880.301.55$8,480
Feb 202405,03176.091.78$8,973
Jan 202405,14373.023.30$16,960
Dec 202366,62371.262.61$17,718
Nov 202366,33777.892.81$18,259
Oct 202305,85885.443.09$18,085
Sep 202305,10889.042.74$13,971
Aug 202355,17480.522.67$14,232
Jul 202304,92974.852.64$13,021
Jun 202334,85068.962.26$11,161
May 202304,86270.622.23$10,830
Apr 202305,18378.122.24$11,598
Mar 202305,19972.852.39$12,442
Feb 202306,18575.112.47$15,250
Jan 202305,09976.533.39$17,274
Dec 202204,62476.415.73$26,491
Nov 202206,05485.005.65$34,182
Oct 202205,63287.185.86$33,025
Sep 202206,38984.888.16$52,158
Aug 202206,12794.529.13$55,922
Jul 202206,263101.587.54$47,236
Jun 202206,341115.097.98$50,583
May 202206,796109.378.43$57,311
Apr 202206,445104.226.84$44,068
Mar 202206,707108.885.08$34,047
Feb 202205,31691.054.86$25,830
Jan 202207,55681.844.54$34,287
Dec 202107,48571.323.90$29,185
Nov 202107,35977.435.24$38,538
Oct 202108,05679.795.71$46,031
Sep 202107,96669.865.35$42,625
Aug 2021014366.024.22$604
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 202103,41057.805.55$18,919
Jan 202103,27150.412.81$9,192
Dec 202002,93144.642.68$7,842
Nov 202002,60338.772.71$7,045
Oct 2020091036.972.48$2,255
Sep 20200037.091.99$0
Aug 2020018039.982.39$429
Jul 2020046338.371.83$845
Jun 2020042634.901.69$720
May 202001,19016.921.81$2,160
Apr 2020067914.751.80$1,225
Mar 2020063330.341.86$1,175
Feb 2020023749.881.98$469
Jan 2020019357.252.09$404
Dec 201901,15659.012.30$2,664
Nov 201902,32955.302.75$6,406
Oct 201902,48253.472.42$6,003
Sep 201902,51655.052.66$6,686
Aug 201902,74253.112.30$6,319
Jul 201903,29156.272.46$8,096
Jun 201903,16352.782.49$7,880
May 201903,03758.482.74$8,322
Apr 201903,72862.632.75$10,255
Mar 201904,10456.803.06$12,567
Feb 201903,91150.852.79$10,920
Jan 201906,24546.033.23$20,160
Dec 201805,06846.594.19$21,212
Nov 201806,86652.934.24$29,093
Oct 201807,90861.443.40$26,872
Sep 201807,82159.543.11$24,308
Aug 201808,83759.403.07$27,099
Jul 201806,56965.142.93$19,260
Jun 201806,36860.183.08$19,594
May 201806,55165.382.90$19,003
Apr 201805,25963.842.90$15,255
Mar 201805,59761.222.79$15,598
Feb 201806,16661.782.77$17,056
Jan 201809,82662.874.01$39,396
Dec 2017010,38357.272.92$30,334
Nov 201708,43455.423.12$26,300
Oct 201708,24249.292.98$24,591
Sep 201706,92947.523.09$21,392
Aug 201708,13245.373.00$24,432
Jul 2017012,96343.873.09$40,020
Jun 2017012,73042.493.09$39,301
May 2017011,54245.373.26$37,666
Apr 201702,86347.933.21$9,195
Mar 201708,02046.772.98$23,929
Feb 2017012,40150.452.95$36,615
Jan 2017014,25149.413.42$48,721
Dec 2016014,83048.763.72$55,210
Nov 2016014,97142.492.64$39,589
Oct 2016015,85646.193.09$48,999
Sep 2016015,22141.553.10$47,195
Aug 2016015,82941.442.92$46,289
Jul 2016013,96741.622.92$40,844
Jun 2016015,11845.352.69$40,604
May 2016016,22342.521.99$32,301
Apr 2016015,20936.561.99$30,282
Mar 2016015,88433.011.79$28,496
Feb 2016014,90426.472.06$30,756
Jan 2016015,93227.352.36$37,669
Dec 2015014,94232.362.00$29,905
Nov 2015016,49538.792.17$35,750
Oct 2015016,50943.552.43$40,060
Sep 2015016,91142.992.76$46,648
Aug 2015011,92840.162.87$34,263
Jul 2015017,91548.152.95$52,761
Jun 2015017,89356.152.88$51,583
May 2015019,16955.212.96$56,653
Apr 2015019,40649.822.71$52,524
Mar 2015018,42042.892.93$54,057
Feb 2015016,87444.662.98$50,220
Jan 2015019,98243.433.10$61,957
Dec 2014020,32354.693.59$72,987
Nov 2014020,14070.464.25$85,632
Oct 2014022,42778.303.90$87,487
Sep 2014022,76386.164.05$92,086
Aug 2014023,65189.394.04$95,435
Jul 2014018,77496.564.18$78,468
Jun 2014023,76898.164.74$112,586
May 2014026,09894.734.73$123,354
Apr 2014025,65595.944.81$123,378
Mar 2014025,17095.895.06$127,280
Feb 2014025,80497.406.19$159,778
Jan 2014029,46890.404.86$143,236
Dec 2013029,47091.824.35$128,327
Nov 2013026,87088.853.74$100,448
Oct 2013024,02397.423.78$90,792
Sep 2013022,021104.113.72$81,868
Aug 2013024,661104.253.52$86,871
Jul 2013025,551102.523.72$94,992
Jun 2013026,02294.403.93$102,355
May 2013029,26694.834.15$121,427
Apr 2013030,81293.964.28$131,955
Mar 2013034,02693.623.91$133,139
Feb 2013033,25891.233.42$113,739
Jan 2013038,94191.603.42$133,175
Dec 2012041,55486.773.42$142,121
Nov 2012042,93786.953.62$155,645
Oct 2012047,08489.383.40$160,071
Sep 2012048,93694.672.92$142,815
Aug 2012054,83392.662.91$159,463
Jul 2012060,33185.133.02$182,248
Jun 2012065,98879.822.52$166,226
May 2012073,91791.612.49$183,929
Apr 2012090,095101.652.00$179,902
Mar 20120110,837105.052.22$246,289

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                5,278 Mcf  × $  3.05 =    $16,076

────────────────────────────────────────────────────
Month total                                  $16,076

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/265140 is the state's own key, not one this site invented.