BUSSEY

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 266444District 09Field 65280200CondensateGasSaveExport
Value, all time
$6.2 M
Jun 2012 – May 2026
Value, last 12 filed months
$280 k
at the published price for each month
Months reported
168
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
CondensateDisposition9,818 bbl$770,361
GasProduction1,628,076 Mcf$5,410,510
Total$6,180,871

Every month this lease reported (168)

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

168 months

May 2026566,125106.413.05$24,615
Apr 202605,83598.932.87$16,745
Mar 202606,52289.753.15$20,541
Feb 202605,48463.503.75$20,567
Jan 2026395,94959.138.00$49,886
Dec 202505,87756.664.41$25,937
Nov 202505,32758.593.93$20,916
Oct 202506,10759.383.30$20,183
Sep 2025316,03262.743.08$20,505
Aug 202506,17563.933.01$18,616
Jul 202506,27166.743.32$20,790
Jun 2025276,02766.483.13$20,652
May 202506,24760.553.23$20,192
Apr 2025126,72262.363.54$24,565
Mar 2025196,57967.704.27$29,368
Feb 2025115,75670.884.34$25,766
Jan 202576,10874.324.28$26,654
Dec 202425,57168.993.12$17,527
Nov 202405,70569.052.20$12,542
Oct 2024166,71171.372.28$16,452
Sep 202406,29569.612.36$14,884
Aug 2024146,92175.632.06$15,341
Jul 202406,54479.932.15$14,047
Jun 202416,31278.082.63$16,704
May 202446,71078.812.20$15,067
Apr 2024175,99884.451.66$11,388
Mar 2024186,63380.301.55$11,694
Feb 202416,32876.091.78$11,363
Jan 202406,60173.023.30$21,768
Dec 202306,73171.262.61$17,573
Nov 202326,87777.892.81$19,463
Oct 2023417,32285.443.09$26,108
Sep 202307,10589.042.74$19,432
Aug 2023296,91980.522.67$20,829
Jul 202307,21274.852.64$19,053
Jun 2023457,37168.962.26$19,750
May 2023477,47870.622.23$19,976
Apr 202306,83678.122.24$15,297
Mar 2023237,12072.852.39$18,715
Feb 2023916,88175.112.47$23,801
Jan 202307,35676.533.39$24,920
Dec 202207,82876.415.73$44,847
Nov 202207,10685.005.65$40,122
Oct 202207,37587.185.86$43,245
Sep 202206,99484.888.16$57,097
Aug 202207,70194.529.13$70,288
Jul 202207,847101.587.54$59,183
Jun 202207,557115.097.98$60,284
May 202207,501109.378.43$63,256
Apr 20222376,551104.226.84$69,493
Mar 202207,621108.885.08$38,687
Feb 202206,70191.054.86$32,559
Jan 202206,85581.844.54$31,106
Dec 202106,80571.323.90$26,534
Nov 202107,88677.435.24$41,298
Oct 202107,89779.795.71$45,122
Sep 202107,14469.865.35$38,227
Aug 202106,79066.024.22$28,658
Jul 202106,91370.783.98$27,528
Jun 202107,31269.493.38$24,719
May 202106,87863.483.02$20,756
Apr 202106,83260.362.76$18,846
Mar 202107,96161.302.72$21,630
Feb 202107,64957.805.55$42,436
Jan 202107,21350.412.81$20,270
Dec 202007,14844.642.68$19,124
Nov 202007,04538.772.71$19,068
Oct 202007,05836.972.48$17,493
Sep 202007,37237.091.99$14,678
Aug 202007,88339.982.39$18,802
Jul 202008,26938.371.83$15,092
Jun 202007,56734.901.69$12,791
May 202007,35516.921.81$13,347
Apr 202007,54714.751.80$13,618
Mar 202007,33230.341.86$13,610
Feb 202006,61649.881.98$13,104
Jan 202007,32957.252.09$15,352
Dec 201907,24459.012.30$16,693
Nov 201908,86355.302.75$24,379
Oct 201908,09953.472.42$19,588
Sep 201908,23455.052.66$21,880
Aug 201909,71053.112.30$22,375
Jul 201909,34056.272.46$22,977
Jun 201907,96352.782.49$19,837
May 201907,76458.482.74$21,276
Apr 201907,56162.632.75$20,798
Mar 201907,89156.803.06$24,163
Feb 201906,94050.852.79$19,378
Jan 201908,23146.033.23$26,571
Dec 201809,81846.594.19$41,093
Nov 2018010,65852.934.24$45,161
Oct 201807,51661.443.40$25,540
Sep 2018948,27859.543.11$31,325
Aug 2018010,41359.403.07$31,932
Jul 2018839,88565.142.93$34,388
Jun 2018469,77960.183.08$32,857
May 2018010,13465.382.90$29,397
Apr 201818210,32263.842.90$41,561
Mar 201809,71961.222.79$27,085
Feb 201808,53661.782.77$23,612
Jan 2018010,37162.874.01$41,581
Dec 201718212,00457.272.92$45,493
Nov 2017011,46355.423.12$35,746
Oct 2017011,01349.292.98$32,859
Sep 201716310,72747.523.09$40,863
Aug 2017011,11245.373.00$33,385
Jul 2017011,25043.873.09$34,732
Jun 2017011,44242.493.09$35,325
May 2017010,60145.373.26$34,595
Apr 201714610,26047.933.21$39,949
Mar 2017010,82346.772.98$32,292
Feb 201709,54850.452.95$28,191
Jan 20178411,47349.413.42$43,374
Dec 201614711,34748.763.72$49,411
Nov 201617712,26742.492.64$39,959
Oct 2016010,82046.193.09$33,437
Sep 201609,36041.553.10$29,022
Aug 201616811,95641.442.92$41,925
Jul 2016013,15041.622.92$38,455
Jun 2016012,76945.352.69$34,295
May 201618113,64542.521.99$34,864
Apr 2016012,07436.561.99$24,040
Mar 201618513,77233.011.79$30,814
Feb 2016013,05726.472.06$26,945
Jan 201610713,76927.352.36$35,481
Dec 20152712,97332.362.00$26,838
Nov 201518312,19138.792.17$33,520
Oct 20152115,83743.552.43$39,344
Sep 20157614,92942.992.76$44,448
Aug 201508,98640.162.87$25,812
Jul 201512115,91048.152.95$52,682
Jun 20155334,67556.152.88$102,939
May 20159954155.212.96$7,065
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 201504144.662.98$122
Jan 20151102,00543.433.10$10,994
Dec 20149011,08454.693.59$44,729
Nov 201417311,91170.464.25$62,833
Oct 201411012,09178.303.90$55,780
Sep 2014519,27286.164.05$41,903
Aug 20141579,95089.394.04$54,184
Jul 201408,07696.564.18$33,754
Jun 20140698.164.74$28
May 20140194.734.73$5
Apr 201401295.944.81$58
Mar 2014642795.895.06$6,273
Feb 2014506,89997.406.19$47,589
Jan 201413910,50690.404.86$63,632
Dec 201318812,94591.824.35$73,631
Nov 20131599,71388.853.74$50,437
Oct 20131869,88097.423.78$55,460
Sep 201321413,887104.113.72$73,908
Aug 201311916,867104.253.52$71,822
Jul 201329017,561102.523.72$95,018
Jun 201315217,88594.403.93$84,698
May 201328221,62494.834.15$116,462
Apr 201322923,96193.964.28$124,132
Mar 201319518,44793.623.91$90,437
Feb 201337419,93791.233.42$102,303
Jan 201318320,72991.603.42$87,654
Dec 201233523,67786.773.42$110,047
Nov 201233922,43986.953.62$110,817
Oct 201236324,48989.383.40$115,700
Sep 201251626,46194.672.92$126,074
Aug 201253433,18392.662.91$145,982
Jul 201290143,47585.133.02$208,031
Jun 2012031,90479.822.52$80,367

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            56 bbl  × $106.41 =     $5,959
Gas                6,125 Mcf  × $  3.05 =    $18,656

────────────────────────────────────────────────────
Month total                                  $24,615

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/266444 is the state's own key, not one this site invented.