GALLAGHER UNIT

Operated by BKV BARNETT II, LLC (P-5 103758) 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 265450District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$8.6 M
Feb 2012 – May 2026
Value, last 12 filed months
$393 k
at the published price for each month
Months reported
172
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

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112013-02-09207215
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition12,680 bbl$1,071,873
GasProduction2,252,981 Mcf$7,524,154
Total$8,596,026

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 33.4008, -97.5690. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.40081, -97.56904 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
7,704 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 7,704 ft.

Completions filed
Feb 2012
1 of 1 wells

1 well

42-497372721H7,704 ftFeb 2012

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (172)

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

172 months

May 202607,821106.413.05$23,822
Apr 202608,02998.932.87$23,041
Mar 20261908,69089.753.15$44,421
Feb 202607,85263.503.75$29,448
Jan 202608,58959.138.00$68,694
Dec 202508,69656.664.41$38,379
Nov 202508,73358.593.93$34,290
Oct 202507,63159.383.30$25,219
Sep 202568,19662.743.08$25,595
Aug 202508,60463.933.01$25,939
Jul 202508,45166.743.32$28,017
Jun 202508,32766.483.13$26,053
May 202508,80460.553.23$28,457
Apr 20251858,59762.363.54$41,997
Mar 202509,09267.704.27$38,808
Feb 202508,12870.884.34$35,282
Jan 202509,02274.324.28$38,602
Dec 202409,13468.993.12$28,511
Nov 202408,74769.052.20$19,230
Oct 202408,99671.372.28$20,523
Sep 202409,23769.612.36$21,840
Aug 20241719,59775.632.06$32,737
Jul 202409,63679.932.15$20,685
Jun 202409,26278.082.63$24,396
May 202409,44178.812.20$20,755
Apr 202409,11584.451.66$15,124
Mar 202409,39280.301.55$14,512
Feb 20241588,81376.091.78$27,741
Jan 202409,42373.023.30$31,074
Dec 202309,63271.262.61$25,146
Nov 20231929,36077.892.81$41,234
Oct 202309,73085.443.09$30,039
Sep 202309,35089.042.74$25,573
Aug 202309,70280.522.67$25,932
Jul 202309,66674.852.64$25,536
Jun 20231759,23868.962.26$32,932
May 202309,49870.622.23$21,156
Apr 202308,96578.122.24$20,062
Mar 202309,14372.852.39$21,881
Feb 20231828,16775.112.47$33,807
Jan 202308,80576.533.39$29,829
Dec 202208,55976.415.73$49,035
Nov 202207,90185.005.65$44,611
Oct 202207,94387.185.86$46,576
Sep 202207,59884.888.16$62,028
Aug 202207,83594.529.13$71,511
Jul 20221617,529101.587.54$73,139
Jun 202206,423115.097.98$51,238
May 202204,032109.378.43$34,002
Apr 202203,017104.226.84$20,629
Mar 202202,875108.885.08$14,595
Feb 2022010,24291.054.86$49,764
Jan 2022010,82381.844.54$49,111
Dec 202117710,93671.323.90$55,264
Nov 2021010,51177.435.24$55,045
Oct 2021011,30079.795.71$64,567
Sep 2021010,93969.865.35$58,534
Aug 2021011,32766.024.22$47,807
Jul 202117411,01570.783.98$56,178
Jun 2021010,15269.493.38$34,320
May 2021011,17763.483.02$33,729
Apr 2021011,10160.362.76$30,621
Mar 202117912,19161.302.72$44,095
Feb 202109,73657.805.55$54,015
Jan 2021011,30650.412.81$31,773
Dec 202018111,51244.642.68$38,880
Nov 2020011,52438.772.71$31,191
Oct 2020012,32936.972.48$30,557
Sep 2020011,53037.091.99$22,957
Aug 2020011,54639.982.39$27,538
Jul 202018011,53438.371.83$27,958
Jun 2020011,06834.901.69$18,708
May 2020011,69716.921.81$21,227
Apr 202017711,68314.751.80$23,691
Mar 2020011,15030.341.86$20,697
Feb 2020010,50549.881.98$20,807
Jan 2020011,05857.252.09$23,164
Dec 201918410,39359.012.30$34,807
Nov 201909,98655.302.75$27,468
Oct 2019010,43153.472.42$25,228
Sep 201909,76955.052.66$25,959
Aug 2019010,08753.112.30$23,244
Jul 20191757,60156.272.46$28,546
Jun 201908,71452.782.49$21,708
May 201909,01158.482.74$24,693
Apr 201908,28562.632.75$22,790
Mar 201907,57856.803.06$23,205
Feb 201906,64450.852.79$18,552
Jan 201906,73646.033.23$21,745
Dec 201806,96046.594.19$29,131
Nov 201803,37252.934.24$14,288
Oct 201804,50561.443.40$15,308
Sep 201803,25459.543.11$10,113
Aug 201802,81059.403.07$8,617
Jul 201802,84365.142.93$8,335
Jun 201802,20760.183.08$6,791
May 201801,66765.382.90$4,836
Apr 2018085463.842.90$2,477
Mar 20181872,79661.222.79$19,240
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 201707,73457.272.92$22,595
Nov 2017012,49455.423.12$38,961
Oct 2017012,66249.292.98$37,779
Sep 2017012,09947.523.09$37,353
Aug 2017012,69845.373.00$38,150
Jul 2017010,43043.873.09$32,200
Jun 2017012,46542.493.09$38,483
May 2017013,07645.373.26$42,672
Apr 2017012,55047.933.21$40,306
Mar 2017013,28046.772.98$39,623
Feb 2017012,10150.452.95$35,729
Jan 2017013,54649.413.42$46,311
Dec 2016012,11248.763.72$45,091
Nov 2016013,67842.492.64$36,169
Oct 2016014,39246.193.09$44,475
Sep 2016014,14641.553.10$43,862
Aug 201618014,81641.442.92$50,786
Jul 2016015,13941.622.92$44,272
Jun 2016014,87545.352.69$39,952
May 201617015,21742.521.99$37,526
Apr 2016015,00836.561.99$29,882
Mar 2016015,91433.011.79$28,550
Feb 2016014,95726.472.06$30,866
Jan 201617916,13727.352.36$43,049
Dec 2015016,28432.362.00$32,591
Nov 2015016,10138.792.17$34,896
Oct 2015016,96643.552.43$41,169
Sep 2015016,88342.992.76$46,570
Aug 2015117,22140.162.87$49,507
Jul 2015017,64848.152.95$51,975
Jun 2015017,46556.152.88$50,349
May 2015017,92955.212.96$52,988
Apr 2015016,61449.822.71$44,967
Mar 2015017,20442.892.93$50,489
Feb 2015017,14144.662.98$51,015
Jan 201517820,02843.433.10$69,830
Dec 2014020,69854.693.59$74,334
Nov 201416815,71770.464.25$78,663
Oct 201417518,31378.303.90$85,141
Sep 2014020,65286.164.05$83,546
Aug 2014021,71689.394.04$87,627
Jul 2014022,00796.564.18$91,980
Jun 2014021,96298.164.74$104,031
May 2014023,38394.734.73$110,521
Apr 2014122,70795.944.81$109,297
Mar 2014021,89295.895.06$110,703
Feb 2014020,94297.406.19$129,673
Jan 201417023,49590.404.86$129,571
Dec 2013022,81791.824.35$99,356
Nov 2013023,65288.853.74$88,418
Oct 201318025,27597.423.78$113,059
Sep 2013024,528104.113.72$91,189
Aug 201318327,966104.253.52$117,591
Jul 2013026,915102.523.72$100,063
Jun 201318325,39794.403.93$117,172
May 201317826,21794.834.15$125,656
Apr 201318027,26293.964.28$133,665
Mar 2013027,93793.623.91$109,314
Feb 201316725,01991.233.42$100,798
Jan 201317928,66191.603.42$114,414
Dec 201218028,04886.773.42$111,547
Nov 201234527,85286.953.62$130,960
Oct 201218128,65489.383.40$113,592
Sep 201234127,87594.672.92$113,633
Aug 201235828,77292.662.91$116,846
Jul 201252329,86085.133.02$134,724
Jun 201269926,92879.822.52$123,627
May 201267729,48791.612.49$135,393
Apr 201288028,980101.652.00$147,319
Mar 20121,58130,425105.052.22$233,691
Feb 20121,40916,542101.102.57$184,967

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                7,821 Mcf  × $  3.05 =    $23,822

────────────────────────────────────────────────────
Month total                                  $23,822

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/265450 is the state's own key, not one this site invented.