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 267286District 09Field 65280200CondensateGasSaveExport
Value, all time
$7.1 M
Jun 2012 – May 2026
Value, last 12 filed months
$272 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
CondensateDisposition20,576 bbl$1,605,075
GasProduction1,644,918 Mcf$5,520,846
Total$7,125,921

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 2026815,824106.413.05$26,358
Apr 202605,51298.932.87$15,818
Mar 202606,26289.753.15$19,722
Feb 202604,98463.503.75$18,692
Jan 20261005,26859.138.00$48,046
Dec 202505,42856.664.41$23,956
Nov 202505,37958.593.93$21,120
Oct 202505,70359.383.30$18,848
Sep 2025745,34762.743.08$21,095
Aug 202505,66663.933.01$17,082
Jul 202505,71166.743.32$18,933
Jun 2025715,48066.483.13$21,865
May 202505,61960.553.23$18,162
Apr 2025345,75362.363.54$22,504
Mar 2025595,94467.704.27$29,365
Feb 2025365,22270.884.34$25,220
Jan 202565,91674.324.28$25,759
Dec 202425,52368.993.12$17,377
Nov 202404,65669.052.20$10,236
Oct 20241215,92971.372.28$22,162
Sep 202405,51069.612.36$13,028
Aug 20241165,36975.632.06$19,853
Jul 202404,96579.932.15$10,658
Jun 202415,77878.082.63$15,297
May 2024435,96578.812.20$16,503
Apr 20241665,59284.451.66$23,297
Mar 20241535,77580.301.55$21,209
Feb 202415,42976.091.78$9,759
Jan 202405,66773.023.30$18,688
Dec 202305,95171.262.61$15,536
Nov 202325,88277.892.81$16,670
Oct 2023835,89585.443.09$25,291
Sep 202305,69689.042.74$15,579
Aug 2023625,82580.522.67$20,562
Jul 202306,23474.852.64$16,469
Jun 2023955,90468.962.26$19,885
May 2023786,27570.622.23$19,485
Apr 202305,99078.122.24$13,404
Mar 202306,14572.852.39$14,706
Feb 202305,94275.112.47$14,651
Jan 202306,37476.533.39$21,593
Dec 202205,95676.415.73$34,122
Nov 202206,27185.005.65$35,407
Oct 202206,49387.185.86$38,073
Sep 202206,23484.888.16$50,892
Aug 202206,47094.529.13$59,053
Jul 202206,337101.587.54$47,794
Jun 202206,222115.097.98$49,634
May 202206,339109.378.43$53,457
Apr 20223076,198104.226.84$74,375
Mar 202206,472108.885.08$32,854
Feb 202206,19991.054.86$30,120
Jan 202206,27581.844.54$28,474
Dec 202106,56471.323.90$25,594
Nov 202106,77177.435.24$35,459
Oct 202106,78079.795.71$38,740
Sep 202106,74069.865.35$36,065
Aug 202106,88866.024.22$29,071
Jul 202106,89770.783.98$27,464
Jun 202106,67869.493.38$22,576
May 202106,93163.483.02$20,915
Apr 202106,88460.362.76$18,989
Mar 202107,45661.302.72$20,258
Feb 202105,57657.805.55$30,935
Jan 202106,77550.412.81$19,040
Dec 202007,17944.642.68$19,207
Nov 202007,19438.772.71$19,471
Oct 202007,16936.972.48$17,768
Sep 202007,11037.091.99$14,156
Aug 202007,38239.982.39$17,607
Jul 202007,27638.371.83$13,280
Jun 202007,14834.901.69$12,082
May 202007,28516.921.81$13,220
Apr 202007,26914.751.80$13,116
Mar 202007,56330.341.86$14,039
Feb 202006,78149.881.98$13,431
Jan 202007,54957.252.09$15,813
Dec 201907,63159.012.30$17,585
Nov 201907,15255.302.75$19,673
Oct 201907,17253.472.42$17,346
Sep 201907,33055.052.66$19,478
Aug 201907,63253.112.30$17,587
Jul 201907,32556.272.46$18,020
Jun 201907,38752.782.49$18,402
May 201907,86658.482.74$21,555
Apr 201907,87762.632.75$21,667
Mar 201908,17656.803.06$25,036
Feb 201907,22650.852.79$20,177
Jan 201907,92846.033.23$25,593
Dec 201808,98246.594.19$37,594
Nov 201809,15752.934.24$38,800
Oct 20181768,19661.443.40$38,664
Sep 20181769,53559.543.11$40,114
Aug 2018010,03159.403.07$30,761
Jul 20181309,52265.142.93$36,386
Jun 201808,74960.183.08$26,920
May 20181618,59965.382.90$35,470
Apr 201808,17463.842.90$23,711
Mar 20181829,22361.222.79$36,845
Feb 201807,58461.782.77$20,978
Jan 20181848,77462.874.01$46,746
Dec 20171889,00357.272.92$37,069
Nov 201708,35255.423.12$26,045
Oct 201708,80949.292.98$26,283
Sep 20171948,45947.523.09$35,334
Aug 20171779,33245.373.00$36,068
Jul 201709,07443.873.09$28,014
Jun 201708,38042.493.09$25,871
May 20171849,06945.373.26$37,944
Apr 2017348,58947.933.21$29,214
Mar 20171819,08046.772.98$35,557
Feb 2017468,54050.452.95$27,536
Jan 20171339,54949.413.42$39,218
Dec 20161989,56048.763.72$45,245
Nov 201618310,18842.492.64$34,716
Oct 20161839,17446.193.09$36,803
Sep 201609,14441.553.10$28,352
Aug 201617010,62341.442.92$38,110
Jul 201618110,22041.622.92$37,420
Jun 2016010,07645.352.69$27,062
May 20161818,17842.521.99$23,979
Apr 20161879,72036.561.99$26,190
Mar 2016010,13733.011.79$18,186
Feb 20161319,98226.472.06$24,067
Jan 201626011,07827.352.36$33,303
Dec 201518211,10532.362.00$28,115
Nov 20153711,74538.792.17$26,891
Oct 201517512,54943.552.43$38,072
Sep 201530911,89942.992.76$46,106
Aug 20151749,15340.162.87$33,280
Jul 2015859,52148.152.95$32,133
Jun 201518519,10356.152.88$65,459
May 201517532055.212.96$10,607
Apr 201522654,31749.822.71$158,272
Mar 201515458,50842.892.93$178,309
Feb 20151176,74144.662.98$25,288
Jan 20153428,24143.433.10$40,405
Dec 201407,42354.693.59$26,659
Nov 20141958,18570.464.25$48,541
Oct 20142798,20178.303.90$53,837
Sep 20142329,28886.164.05$57,563
Aug 20141669,68389.394.04$53,911
Jul 201429110,06996.564.18$70,183
Jun 201430411,74698.164.74$85,480
May 201419615,26994.734.73$90,737
Apr 201434013,62895.944.81$98,158
Mar 201437612,70395.895.06$100,291
Feb 20142217,61997.406.19$68,702
Jan 20141728,15990.404.86$55,207
Dec 201319410,20991.824.35$62,268
Nov 20134609,48688.853.74$76,332
Oct 20133638,77997.423.78$68,542
Sep 201314312,207104.113.72$60,270
Aug 201330516,656104.253.52$90,469
Jul 201347918,421102.523.72$117,592
Jun 201349120,47194.403.93$126,871
May 201348122,98594.834.15$140,980
Apr 201344222,48593.964.28$137,824
Mar 201360324,10693.623.91$150,777
Feb 201355821,84291.233.42$125,604
Jan 201374424,01691.603.42$150,283
Dec 201255424,92886.773.42$133,328
Nov 201280325,91686.953.62$163,765
Oct 201271928,96689.383.40$162,739
Sep 201272631,55294.672.92$160,812
Aug 20121,16838,49192.662.91$220,165
Jul 201289945,26085.133.02$213,253
Jun 201204,82379.822.52$12,149

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            81 bbl  × $106.41 =     $8,619
Gas                5,824 Mcf  × $  3.05 =    $17,739

────────────────────────────────────────────────────
Month total                                  $26,358

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/267286 is the state's own key, not one this site invented.