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 267095District 09Field 65280200CondensateGasSaveExport
Value, all time
$3.2 M
Jun 2012 – May 2026
Value, last 12 filed months
$33 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
CondensateDisposition6,599 bbl$510,118
GasProduction759,107 Mcf$2,687,026
Total$3,197,145

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 20267683106.413.05$2,825
Apr 2026049398.932.87$1,415
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20262151659.138.00$5,369
Dec 2025434856.664.41$1,762
Nov 20250058.593.93$0
Oct 2025089859.383.30$2,968
Sep 2025201,04362.743.08$4,464
Aug 202501,36763.933.01$4,121
Jul 202501,15866.743.32$3,839
Jun 2025351,26466.483.13$6,282
May 202521,03560.553.23$3,467
Apr 20253556062.363.54$4,167
Mar 20256077967.704.27$7,387
Feb 2025321,41770.884.34$8,419
Jan 2025191,20374.324.28$6,559
Dec 20244068.993.12$276
Nov 20241069.052.20$69
Oct 2024522771.372.28$875
Sep 20240069.612.36$0
Aug 20242075.632.06$151
Jul 20240079.932.15$0
Jun 202421,10478.082.63$3,064
May 202402478.812.20$53
Apr 2024018884.451.66$312
Mar 20243080.301.55$241
Feb 20242076.091.78$152
Jan 20240073.023.30$0
Dec 2023225171.262.61$798
Nov 202343077.892.81$396
Oct 202310085.443.09$854
Sep 20234089.042.74$356
Aug 20238080.522.67$644
Jul 2023035974.852.64$948
Jun 20237068.962.26$483
May 2023627170.622.23$1,027
Apr 2023012778.122.24$284
Mar 20230072.852.39$0
Feb 2023030275.112.47$745
Jan 2023043376.533.39$1,467
Dec 2022027776.415.73$1,587
Nov 202201,35985.005.65$7,673
Oct 202202,05087.185.86$12,021
Sep 202201,64184.888.16$13,397
Aug 202201,28294.529.13$11,701
Jul 20220166101.587.54$1,252
Jun 20220667115.097.98$5,321
May 202201,075109.378.43$9,066
Apr 2022652,026104.226.84$20,627
Mar 20220983108.885.08$4,990
Feb 2022058691.054.86$2,847
Jan 202201,41781.844.54$6,430
Dec 202101,90971.323.90$7,443
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 202101,81069.865.35$9,685
Aug 202102,60366.024.22$10,986
Jul 202102,46670.783.98$9,820
Jun 202101,06869.493.38$3,611
May 202102,22463.483.02$6,711
Apr 202102,13160.362.76$5,878
Mar 2021079961.302.72$2,171
Feb 2021079957.805.55$4,433
Jan 202102,59850.412.81$7,301
Dec 202002,92444.642.68$7,823
Nov 202003,49838.772.71$9,468
Oct 202003,13736.972.48$7,775
Sep 202003,89337.091.99$7,751
Aug 202003,67439.982.39$8,763
Jul 202002,67838.371.83$4,888
Jun 2020933,92734.901.69$9,884
May 202005,06916.921.81$9,199
Apr 20201104,57414.751.80$9,876
Mar 2020714,88430.341.86$11,220
Feb 20201134,80949.881.98$15,161
Jan 2020895,18457.252.09$15,954
Dec 20191134,62759.012.30$17,330
Nov 2019581,05655.302.75$6,112
Oct 2019503,14953.472.42$10,289
Sep 2019993,22855.052.66$14,028
Aug 2019042353.112.30$975
Jul 20195056256.272.46$4,196
Jun 2019832,58352.782.49$10,816
May 20191614,14758.482.74$20,779
Apr 2019994,34562.632.75$18,152
Mar 2019704,96656.803.06$19,182
Feb 201903,77850.852.79$10,549
Jan 2019853,99246.033.23$16,799
Dec 201803,18846.594.19$13,343
Nov 201801,11752.934.24$4,733
Oct 201805,27761.443.40$17,932
Sep 201807,07259.543.11$21,980
Aug 201805,57759.403.07$17,102
Jul 2018505,29565.142.93$18,781
Jun 201813,44260.183.08$10,651
May 201803,16765.382.90$9,187
Apr 201801,01663.842.90$2,947
Mar 201805,20261.222.79$14,497
Feb 201804,10461.782.77$11,352
Jan 20181463,02062.874.01$21,287
Dec 201701,78757.272.92$5,221
Nov 201702,13855.423.12$6,667
Oct 201703,38949.292.98$10,112
Sep 201703,68747.523.09$11,383
Aug 201704,73745.373.00$14,232
Jul 201704,44543.873.09$13,723
Jun 201703,64942.493.09$11,265
May 201704,13845.373.26$13,504
Apr 201703,34147.933.21$10,730
Mar 201703,45146.772.98$10,297
Feb 201703,80850.452.95$11,244
Jan 201703,98949.413.42$13,638
Dec 201603,70448.763.72$13,789
Nov 201603,50842.492.64$9,276
Oct 20161615,87646.193.09$25,595
Sep 201606,69241.553.10$20,749
Aug 201605,91841.442.92$17,306
Jul 2016057141.622.92$1,670
Jun 2016062745.352.69$1,684
May 2016040142.521.99$798
Apr 201602,55536.561.99$5,087
Mar 2016090333.011.79$1,620
Feb 201601,59526.472.06$3,291
Jan 2016050827.352.36$1,201
Dec 201501,17432.362.00$2,350
Nov 2015042638.792.17$923
Oct 201502,36243.552.43$5,732
Sep 201502,11342.992.76$5,829
Aug 201508,83740.162.87$25,384
Jul 2015538,10848.152.95$26,431
Jun 2015094256.152.88$2,716
May 20151839455.212.96$10,381
Apr 201513472149.822.71$8,627
Mar 2015067242.892.93$1,972
Feb 20156512,02344.662.98$38,686
Jan 20156517,42043.433.10$56,836
Dec 2014012,86954.693.59$46,217
Nov 2014010,16870.464.25$43,233
Oct 2014818,19478.303.90$38,307
Sep 20145415,55886.164.05$67,592
Aug 2014016,90289.394.04$68,202
Jul 201416419,67996.564.18$98,086
Jun 20144516,59698.164.74$83,030
May 201414417,67694.734.73$97,188
Apr 201417917,05995.944.81$99,212
Mar 201413120,71495.895.06$117,308
Feb 201410416,31397.406.19$111,140
Jan 20144514,18490.404.86$73,012
Dec 20132710,39491.824.35$47,740
Nov 201311711,96788.853.74$55,131
Oct 201323715,65297.423.78$82,243
Sep 201306,661104.113.72$24,764
Aug 2013938,227104.253.52$38,676
Jul 201318112,311102.523.72$64,325
Jun 2013011,94094.403.93$46,965
May 20130294.834.15$8
Apr 2013821993.964.28$7,786
Mar 20132410,36693.623.91$42,808
Feb 20131853,26191.233.42$28,030
Jan 201308,05591.603.42$27,547
Dec 20121806,85586.773.42$39,064
Nov 201225119,84586.953.62$93,762
Oct 201218323,65989.383.40$96,790
Sep 201240127,03394.672.92$116,856
Aug 201249233,74392.662.91$143,719
Jul 201263740,93985.133.02$177,896
Jun 2012011,35779.822.52$28,609

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             7 bbl  × $106.41 =       $745
Gas                  683 Mcf  × $  3.05 =     $2,080

────────────────────────────────────────────────────
Month total                                   $2,825

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/267095 is the state's own key, not one this site invented.