KING SISTERS

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 266544District 09Field 65280200CondensateGasSaveExport
Value, all time
$1.7 M
May 2012 – May 2026
Value, last 12 filed months
$0
at the published price for each month
Months reported
169
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
CondensateDisposition5 bbl$351
GasProduction478,439 Mcf$1,666,221
Total$1,666,572

Every month this lease reported (169)

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

169 months

May 202600106.413.05$0
Apr 20260098.932.87$0
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 20250056.664.41$0
Nov 20250058.593.93$0
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 202318268.962.26$254
May 20234070.622.23$282
Apr 2023034978.122.24$781
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 2023016,99276.533.39$57,564
Dec 2022016,21176.415.73$92,874
Nov 2022016,79585.005.65$94,828
Oct 2022010,93387.185.86$64,108
Sep 202202,68284.888.16$21,895
Aug 202202394.529.13$210
Jul 20220193101.587.54$1,456
Jun 20220203115.097.98$1,619
May 20220404109.378.43$3,407
Apr 20220188104.226.84$1,285
Mar 20220330108.885.08$1,675
Feb 2022032291.054.86$1,565
Jan 2022032281.844.54$1,461
Dec 202103,93171.323.90$15,327
Nov 202103,92677.435.24$20,560
Oct 202104,27479.795.71$24,421
Sep 202103,95869.865.35$21,179
Aug 202104,17666.024.22$17,625
Jul 202104,51770.783.98$17,987
Jun 20210069.493.38$0
May 2021019963.483.02$601
Apr 202104,16660.362.76$11,492
Mar 202103,52961.302.72$9,588
Feb 202102,82457.805.55$15,667
Jan 202103,72950.412.81$10,480
Dec 202004,80344.642.68$12,850
Nov 202005,03938.772.71$13,638
Oct 202004,27436.972.48$10,593
Sep 2020091537.091.99$1,822
Aug 20200039.982.39$0
Jul 20200038.371.83$0
Jun 20200034.901.69$0
May 20200016.921.81$0
Apr 20200014.751.80$0
Mar 202001,65830.341.86$3,078
Feb 202004,32749.881.98$8,570
Jan 202004,60957.252.09$9,655
Dec 201904,80159.012.30$11,063
Nov 201905,24955.302.75$14,438
Oct 201903,78953.472.42$9,164
Sep 201904,16755.052.66$11,073
Aug 201903,50753.112.30$8,081
Jul 201903,37956.272.46$8,313
Jun 201904,98152.782.49$12,409
May 201905,93758.482.74$16,269
Apr 201906,47262.632.75$17,803
Mar 201904,05556.803.06$12,417
Feb 201904,73950.852.79$13,232
Jan 201904,87046.033.23$15,721
Dec 201805,18746.594.19$21,710
Nov 201805,17452.934.24$21,923
Oct 201805,78161.443.40$19,644
Sep 201802,14659.543.11$6,670
Aug 201804859.403.07$147
Jul 201807565.142.93$220
Jun 201803660.183.08$111
May 20180065.382.90$0
Apr 20180063.842.90$0
Mar 20180061.222.79$0
Feb 20180061.782.77$0
Jan 20180062.874.01$0
Dec 20170057.272.92$0
Nov 20170055.423.12$0
Oct 20170049.292.98$0
Sep 20170047.523.09$0
Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 201701049.413.42$34
Dec 201602548.763.72$93
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 2016020642.521.99$410
Apr 201601,94536.561.99$3,873
Mar 2016044533.011.79$798
Feb 2016062626.472.06$1,292
Jan 201601,20027.352.36$2,837
Dec 201501,23232.362.00$2,466
Nov 201501,27538.792.17$2,763
Oct 201501,09643.552.43$2,660
Sep 201501,25642.992.76$3,465
Aug 201501,23040.162.87$3,533
Jul 201502,02148.152.95$5,952
Jun 201503,25656.152.88$9,387
May 201507,66555.212.96$22,654
Apr 201508,14249.822.71$22,037
Mar 2015012,07842.892.93$35,445
Feb 201503,03344.662.98$9,027
Jan 201502,49643.433.10$7,739
Dec 201402,76754.693.59$9,937
Nov 2014010,98970.464.25$46,723
Oct 201402,90978.303.90$11,348
Sep 201407586.164.05$303
Aug 2014010889.394.04$436
Jul 2014019596.564.18$815
Jun 2014033698.164.74$1,592
May 2014036794.734.73$1,735
Apr 2014032395.944.81$1,553
Mar 2014030595.895.06$1,542
Feb 20140097.406.19$0
Jan 2014026090.404.86$1,264
Dec 201301,34591.824.35$5,857
Nov 201302,24688.853.74$8,396
Oct 201301,52497.423.78$5,760
Sep 2013023,533104.113.72$87,490
Aug 2013015,210104.253.52$53,579
Jul 20130756102.523.72$2,811
Jun 2013014894.403.93$582
May 2013030394.834.15$1,257
Apr 2013012,19793.964.28$52,235
Mar 2013012,19793.623.91$47,725
Feb 201307,30391.233.42$24,976
Jan 2013034,97191.603.42$119,598
Dec 2012013,15686.773.42$44,996
Nov 201201,22986.953.62$4,455
Oct 201201,66289.383.40$5,650
Sep 201201,33394.672.92$3,890
Aug 201202,38792.662.91$6,942
Jul 201202,26485.133.02$6,839
Jun 2012033,59279.822.52$84,620
May 2012037,93691.612.49$94,397

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.

Jun 2023 — as filed, then multipliedworked
Condensate             1 bbl  × $ 68.96 =        $69
Gas                   82 Mcf  × $  2.26 =       $185

────────────────────────────────────────────────────
Month total                                     $254

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/266544 is the state's own key, not one this site invented.