LANGDON B - STEWART UNIT

Operated by DIVERSIFIED PRODUCTION LLC (P-5 220903) 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 265465District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.5 M
Jan 2012 – May 2026
Value, last 12 filed months
$163 k
at the published price for each month
Months reported
173
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
CondensateDisposition8,662 bbl$692,342
GasProduction1,113,036 Mcf$3,798,971
Total$4,491,313

Every month this lease reported (173)

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

173 months

May 202604,635106.413.05$14,117
Apr 2026334,44098.932.87$16,006
Mar 202603,59489.753.15$11,319
Feb 202601,79763.503.75$6,739
Jan 202601,53559.138.00$12,277
Dec 202503,10056.664.41$13,681
Nov 202504,38358.593.93$17,210
Oct 202504,77359.383.30$15,774
Sep 202503,65062.743.08$11,231
Aug 202504,66663.933.01$14,067
Jul 202564,13266.743.32$14,099
Jun 2025334,54966.483.13$16,426
May 202504,70660.553.23$15,211
Apr 202584,00862.363.54$14,700
Mar 202504,98467.704.27$21,273
Feb 202564,13470.884.34$18,370
Jan 202504,35374.324.28$18,625
Dec 202404,28468.993.12$13,372
Nov 202404,09669.052.20$9,005
Oct 2024374,34671.372.28$12,556
Sep 202404,06769.612.36$9,616
Aug 202404,16975.632.06$8,603
Jul 202404,28079.932.15$9,187
Jun 2024104,30578.082.63$12,120
May 202404,06878.812.20$8,943
Apr 202403,85784.451.66$6,400
Mar 202403,45580.301.55$5,338
Feb 202403,94476.091.78$7,035
Jan 2024153,91673.023.30$14,009
Dec 202303,78771.262.61$9,887
Nov 202303,85677.892.81$10,826
Oct 202304,01685.443.09$12,399
Sep 202303,89089.042.74$10,639
Aug 202304,49580.522.67$12,015
Jul 202304,96474.852.64$13,114
Jun 2023354,50368.962.26$12,584
May 202302,95870.622.23$6,589
Apr 202303,73278.122.24$8,351
Mar 202303,81272.852.39$9,123
Feb 202337075.112.47$2,779
Jan 202303,72676.533.39$12,623
Dec 202203,62776.415.73$20,779
Nov 2022363,34485.005.65$21,941
Oct 202203,78587.185.86$22,194
Sep 202203,85384.888.16$31,455
Aug 202203,91894.529.13$35,760
Jul 202204,024101.587.54$30,349
Jun 2022343,958115.097.98$35,487
May 202204,203109.378.43$35,444
Apr 202203,975104.226.84$27,179
Mar 2022374,076108.885.08$24,720
Feb 202204,13791.054.86$20,101
Jan 2022384,12381.844.54$21,819
Dec 202103,70271.323.90$14,435
Nov 202103,68277.435.24$19,282
Oct 202103,66479.795.71$20,936
Sep 2021123,70069.865.35$20,637
Aug 202103,62866.024.22$15,312
Jul 202104,06570.783.98$16,187
Jun 202103,93669.493.38$13,306
May 2021474,34763.483.02$16,101
Apr 202104,26860.362.76$11,773
Mar 2021844,62361.302.72$17,710
Feb 202103,91157.805.55$21,698
Jan 202104,19850.412.81$11,798
Dec 2020824,15844.642.68$14,785
Nov 20201104,14638.772.71$15,486
Oct 202004,30536.972.48$10,670
Sep 202004,29737.091.99$8,556
Aug 202004,26139.982.39$10,163
Jul 2020884,52938.371.83$11,643
Jun 202004,51534.901.69$7,632
May 2020714,95416.921.81$10,192
Apr 202004,51614.751.80$8,149
Mar 2020914,59830.341.86$11,296
Feb 20201003,35549.881.98$11,633
Jan 202004,78357.252.09$10,019
Dec 201904,63859.012.30$10,688
Nov 2019424,62755.302.75$15,050
Oct 201905,03353.472.42$12,173
Sep 201934,93055.052.66$13,266
Aug 201905,14553.112.30$11,856
Jul 201905,63556.272.46$13,862
Jun 201904,75052.782.49$11,833
May 201904,71158.482.74$12,910
Apr 201904,62762.632.75$12,727
Mar 201905,17656.803.06$15,849
Feb 201904,57650.852.79$12,777
Jan 201905,29846.033.23$17,103
Dec 201805,36346.594.19$22,447
Nov 201804,83052.934.24$20,466
Oct 201806,33061.443.40$21,510
Sep 201806,27659.543.11$19,506
Aug 201806,62359.403.07$20,310
Jul 201806,51065.142.93$19,087
Jun 201806,35660.183.08$19,557
May 201806,70065.382.90$19,435
Apr 201806,47363.842.90$18,777
Mar 201806,75961.222.79$18,836
Feb 201806,40261.782.77$17,709
Jan 201806,94362.874.01$27,837
Dec 201705,69857.272.92$16,647
Nov 201706,45255.423.12$20,120
Oct 201705,85849.292.98$17,478
Sep 201706,17847.523.09$19,073
Aug 201705,73345.373.00$17,224
Jul 201704,87543.873.09$15,050
Jun 201704,94742.493.09$15,273
May 201706,42345.373.26$20,961
Apr 201706,80647.933.21$21,858
Mar 201707,27146.772.98$21,694
Feb 2017236,76150.452.95$21,123
Jan 201708,35249.413.42$28,554
Dec 2016529,04348.763.72$36,201
Nov 201608,35942.492.64$22,104
Oct 201697,64946.193.09$24,053
Sep 201607,30041.553.10$22,635
Aug 2016168,90141.442.92$26,693
Jul 201609,09341.622.92$26,591
Jun 201608,91045.352.69$23,931
May 2016118,40342.521.99$17,198
Apr 2016066636.561.99$1,326
Mar 20160433.011.79$7
Feb 2016163026.472.06$485
Jan 20160427.352.36$9
Dec 20150532.362.00$10
Nov 201507,72038.792.17$16,732
Oct 2015609,46543.552.43$25,581
Sep 201509,58242.992.76$26,431
Aug 20151039,90340.162.87$32,583
Jul 201513010,68748.152.95$37,734
Jun 2015010,60856.152.88$30,581
May 201518010,96255.212.96$42,335
Apr 201517210,24849.822.71$36,306
Mar 201509,82542.892.93$28,834
Feb 20151798,58144.662.98$33,533
Jan 20151689,50043.433.10$36,752
Dec 201419,80154.693.59$35,254
Nov 20141488,90770.464.25$48,299
Oct 20141169,75678.303.90$47,141
Sep 201406,29486.164.05$25,462
Aug 20141949,39889.394.04$55,264
Jul 20141079,59996.564.18$50,452
Jun 20141119,90698.164.74$57,819
May 201411110,60794.734.73$60,650
Apr 201410710,86995.944.81$62,536
Mar 201421910,27695.895.06$72,964
Feb 201411810,37897.406.19$75,754
Jan 201424611,89090.404.86$80,032
Dec 20138612,07191.824.35$60,459
Nov 20134912,13088.853.74$49,699
Oct 20139312,08097.423.78$54,715
Sep 20136611,011104.113.72$47,807
Aug 20138912,227104.253.52$52,349
Jul 20137112,669102.523.72$54,379
Jun 201314113,52794.403.93$66,518
May 20136914,98294.834.15$68,705
Apr 201319914,30093.964.28$79,939
Mar 201324615,42093.623.91$83,367
Feb 201323315,06991.233.42$72,791
Jan 201337014,13991.603.42$82,246
Dec 201237216,33386.773.42$88,140
Nov 201226714,91786.953.62$77,289
Oct 201249217,14589.383.40$102,262
Sep 201232215,73194.672.92$76,393
Aug 201240818,97992.662.91$92,999
Jul 201251320,14685.133.02$104,529
Jun 201284627,09879.822.52$135,789
May 20123812,73991.612.49$35,180
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$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                4,635 Mcf  × $  3.05 =    $14,117

────────────────────────────────────────────────────
Month total                                  $14,117

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/265465 is the state's own key, not one this site invented.