FAUBUS MARCHBANKS PSA

Operated by UPP OPERATING, LLC (P-5 875310) 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 267887District 09Field 65280200CondensateGasSaveExport
Value, all time
$8.1 M
Jul 2012 – May 2026
Value, last 12 filed months
$455 k
at the published price for each month
Months reported
167
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
CondensateDisposition70 bbl$5,482
GasProduction2,334,201 Mcf$8,071,753
Total$8,077,235

Every month this lease reported (167)

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

167 months

May 2026010,088106.413.05$30,726
Apr 202619,86398.932.87$28,403
Mar 2026010,03189.753.15$31,592
Feb 202609,02463.503.75$33,843
Jan 2026010,61859.138.00$84,922
Dec 2025010,06956.664.41$44,438
Nov 202509,70058.593.93$38,086
Oct 2025010,22959.383.30$33,805
Sep 2025010,07762.743.08$31,006
Aug 2025010,37463.933.01$31,275
Jul 2025010,54966.743.32$34,972
Jun 2025010,25366.483.13$32,079
May 2025010,86060.553.23$35,103
Apr 2025210,37462.363.54$36,881
Mar 2025310,26767.704.27$44,026
Feb 202508,25670.884.34$35,838
Jan 202509,41174.324.28$40,267
Dec 2024011,00068.993.12$34,335
Nov 202409,47869.052.20$20,837
Oct 2024010,63271.372.28$24,256
Sep 2024011,20669.612.36$26,495
Aug 20242075.632.06$151
Jul 2024010,03979.932.15$21,550
Jun 2024010,36278.082.63$27,293
May 2024212,07578.812.20$26,704
Apr 202418,79084.451.66$14,669
Mar 202419,35880.301.55$14,540
Feb 202408,81076.091.78$15,714
Jan 2024010,42373.023.30$34,372
Dec 2023010,53271.262.61$27,496
Nov 202309,94577.892.81$27,921
Oct 202309,66185.443.09$29,826
Sep 202308,98989.042.74$24,585
Aug 202327,39580.522.67$19,927
Jul 202317,67874.852.64$20,359
Jun 202309,23868.962.26$20,864
May 202309,37870.622.23$20,889
Apr 202307,57478.122.24$16,949
Mar 202316,27672.852.39$15,092
Feb 202307,68075.112.47$18,936
Jan 202309,11276.533.39$30,869
Dec 2022010,77276.415.73$61,714
Nov 2022010,52585.005.65$59,426
Oct 2022011,72187.185.86$68,729
Sep 2022011,79184.888.16$96,258
Aug 2022012,27494.529.13$112,027
Jul 2022011,842101.587.54$89,313
Jun 2022210,671115.097.98$85,355
May 2022010,482109.378.43$88,395
Apr 2022310,530104.226.84$72,313
Mar 2022012,082108.885.08$61,333
Feb 2022010,74191.054.86$52,189
Jan 2022011,81981.844.54$53,631
Dec 2021011,70871.323.90$45,651
Nov 2021110,83677.435.24$56,824
Oct 2021011,29179.795.71$64,515
Sep 2021010,46369.865.35$55,987
Aug 2021011,56566.024.22$48,811
Jul 2021011,86670.783.98$47,251
Jun 2021212,52269.493.38$42,471
May 2021013,11563.483.02$39,577
Apr 2021012,79960.362.76$35,305
Mar 2021013,48061.302.72$36,624
Feb 2021011,06857.805.55$61,405
Jan 2021012,83250.412.81$36,061
Dec 2020013,25744.642.68$35,469
Nov 2020012,72838.772.71$34,449
Oct 2020013,08036.972.48$32,418
Sep 2020012,77637.091.99$25,438
Aug 2020013,55139.982.39$32,320
Jul 2020013,15338.371.83$24,006
Jun 2020012,61134.901.69$21,317
May 2020012,76316.921.81$23,162
Apr 2020012,56614.751.80$22,674
Mar 2020012,97930.341.86$24,092
Feb 2020012,56749.881.98$24,891
Jan 2020013,55457.252.09$28,392
Dec 2019013,28059.012.30$30,602
Nov 2019012,97955.302.75$35,701
Oct 2019012,99053.472.42$31,417
Sep 2019013,24255.052.66$35,188
Aug 2019013,56253.112.30$31,252
Jul 2019013,97856.272.46$34,387
Jun 2019013,71452.782.49$34,164
May 2019014,45958.482.74$39,622
Apr 2019014,10162.632.75$38,788
Mar 2019014,86256.803.06$45,509
Feb 2019013,23750.852.79$36,961
Jan 2019014,73446.033.23$47,564
Dec 2018014,73746.594.19$61,681
Nov 2018014,03452.934.24$59,465
Oct 2018014,11961.443.40$47,977
Sep 2018014,20659.543.11$44,152
Aug 2018014,48159.403.07$44,407
Jul 2018014,15565.142.93$41,501
Jun 2018014,29660.183.08$43,988
May 2018015,89465.382.90$46,105
Apr 2018015,97363.842.90$46,334
Mar 2018016,84661.222.79$46,947
Feb 2018015,30461.782.77$42,333
Jan 2018017,26462.874.01$69,217
Dec 2017017,37657.272.92$50,764
Nov 2017016,58655.423.12$51,721
Oct 2017016,12849.292.98$48,121
Sep 2017015,07547.523.09$46,541
Aug 2017016,58245.373.00$49,819
Jul 2017016,90043.873.09$52,175
Jun 2017017,28342.493.09$53,357
May 2017018,58545.373.26$60,650
Apr 2017018,06247.933.21$58,008
Mar 2017119,15246.772.98$57,190
Feb 2017017,68350.452.95$52,211
Jan 2017019,14449.413.42$65,450
Dec 2016019,07348.763.72$71,006
Nov 2016018,66742.492.64$49,362
Oct 2016020,10746.193.09$62,136
Sep 2016320,27741.553.10$62,996
Aug 2016020,21041.442.92$59,101
Jul 2016021,13041.622.92$61,791
Jun 2016020,91745.352.69$56,180
May 2016021,27242.521.99$42,353
Apr 2016020,57336.561.99$40,962
Mar 2016021,98933.011.79$39,448
Feb 2016020,75126.472.06$42,822
Jan 2016122,20227.352.36$52,521
Dec 2015022,41132.362.00$44,854
Nov 2015022,03238.792.17$47,751
Oct 2015022,92143.552.43$55,620
Sep 2015021,66242.992.76$59,753
Aug 2015023,35140.162.87$67,076
Jul 2015023,91548.152.95$70,432
Jun 2015024,36356.152.88$70,235
May 2015124,08455.212.96$71,234
Apr 2015423,29449.822.71$63,246
Mar 2015224,82942.892.93$72,952
Feb 2015223,18744.662.98$69,098
Jan 2015026,96143.433.10$83,596
Dec 2014125,92954.693.59$93,175
Nov 2014224,48170.464.25$104,230
Oct 2014026,55078.303.90$103,570
Sep 2014629,93686.164.05$121,621
Aug 2014032,27189.394.04$130,217
Jul 2014032,98296.564.18$137,852
Jun 2014033,85098.164.74$160,343
May 2014037,31594.734.73$176,372
Apr 2014439,35695.944.81$189,651
Mar 2014446,16995.895.06$233,851
Feb 2014744,15597.406.19$274,090
Jan 2014855,97290.404.86$272,787
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$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               10,088 Mcf  × $  3.05 =    $30,726

────────────────────────────────────────────────────
Month total                                  $30,726

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/267887 is the state's own key, not one this site invented.