SHARON MCCAFFITY

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 268580District 09Field 65280200CondensateGasSaveExport
Value, all time
$4.2 M
Nov 2012 – May 2026
Value, last 12 filed months
$125 k
at the published price for each month
Months reported
163
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
CondensateDisposition1 bbl$60
GasProduction1,193,139 Mcf$4,170,353
Total$4,170,414

Every month this lease reported (163)

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

163 months

May 2026034106.413.05$104
Apr 20260698.932.87$17
Mar 20260089.753.15$0
Feb 202603,59563.503.75$13,482
Jan 202603,46159.138.00$27,681
Dec 202503,68956.664.41$16,281
Nov 202503,28458.593.93$12,894
Oct 202503,47759.383.30$11,491
Sep 202503,30662.743.08$10,172
Aug 202503,57763.933.01$10,784
Jul 202504,10066.743.32$13,592
Jun 202502,76766.483.13$8,657
May 202502,86860.553.23$9,270
Apr 202502,63262.363.54$9,325
Mar 202503,86367.704.27$16,489
Feb 202503,25670.884.34$14,134
Jan 202503,72274.324.28$15,925
Dec 202403,32968.993.12$10,391
Nov 202403,17969.052.20$6,989
Oct 202403,13471.372.28$7,150
Sep 202403,29069.612.36$7,779
Aug 202403,35675.632.06$6,926
Jul 202403,33179.932.15$7,150
Jun 202403,38678.082.63$8,919
May 202403,38678.812.20$7,444
Apr 202403,12184.451.66$5,178
Mar 202403,86480.301.55$5,970
Feb 202403,27376.091.78$5,838
Jan 202403,37273.023.30$11,120
Dec 202303,25771.262.61$8,503
Nov 202303,51177.892.81$9,857
Oct 202303,64285.443.09$11,244
Sep 202303,96389.042.74$10,839
Aug 202303,55480.522.67$9,499
Jul 202303,44274.852.64$9,093
Jun 202303,54468.962.26$8,004
May 202303,87570.622.23$8,631
Apr 202303,63878.122.24$8,141
Mar 202303,01072.852.39$7,203
Feb 202303,28175.112.47$8,090
Jan 202304,15476.533.39$14,073
Dec 202204,47576.415.73$25,638
Nov 202203,97485.005.65$22,438
Oct 202203,42187.185.86$20,060
Sep 202203,18284.888.16$25,977
Aug 202203,78094.529.13$34,501
Jul 202202,912101.587.54$21,963
Jun 202203,060115.097.98$24,410
May 202203,169109.378.43$26,724
Apr 202204,060104.226.84$27,761
Mar 202204,168108.885.08$21,158
Feb 202203,38891.054.86$16,462
Jan 202203,59581.844.54$16,313
Dec 202103,91971.323.90$15,281
Nov 202104,01777.435.24$21,036
Oct 202104,28579.795.71$24,484
Sep 202104,23569.865.35$22,661
Aug 202104,37266.024.22$18,452
Jul 202104,24670.783.98$16,908
Jun 202104,11069.493.38$13,894
May 202105,82563.483.02$17,578
Apr 202104,78160.362.76$13,188
Mar 202104,93661.302.72$13,411
Feb 202104,07357.805.55$22,597
Jan 202104,90750.412.81$13,790
Dec 202004,82444.642.68$12,906
Nov 202004,74738.772.71$12,848
Oct 202005,51836.972.48$13,676
Sep 202004,96637.091.99$9,888
Aug 202005,17339.982.39$12,338
Jul 202005,37638.371.83$9,812
Jun 202004,90634.901.69$8,293
May 202005,27316.921.81$9,569
Apr 202004,73014.751.80$8,535
Mar 202004,95730.341.86$9,201
Feb 202004,46549.881.98$8,844
Jan 202005,78757.252.09$12,122
Dec 201905,84459.012.30$13,467
Nov 201905,63455.302.75$15,497
Oct 201905,99753.472.42$14,504
Sep 201904,83655.052.66$12,851
Aug 201905,64253.112.30$13,001
Jul 201906,43056.272.46$15,818
Jun 201905,46952.782.49$13,624
May 201907,02358.482.74$19,245
Apr 201906,47762.632.75$17,816
Mar 201906,54056.803.06$20,026
Feb 201906,03250.852.79$16,843
Jan 201906,33746.033.23$20,457
Dec 201806,57446.594.19$27,515
Nov 201809,56152.934.24$40,512
Oct 201808,11861.443.40$27,586
Sep 2018011,90259.543.11$36,991
Aug 201806,54459.403.07$20,068
Jul 201805,87265.142.93$17,216
Jun 201815,96860.183.08$18,423
May 201805,64065.382.90$16,361
Apr 201806,07463.842.90$17,619
Mar 201806,49661.222.79$18,103
Feb 201805,97761.782.77$16,533
Jan 201807,29762.874.01$29,256
Dec 201707,54057.272.92$22,028
Nov 201707,38255.423.12$23,020
Oct 201708,97549.292.98$26,779
Sep 201707,63247.523.09$23,562
Aug 201707,98645.373.00$23,993
Jul 201707,87043.873.09$24,297
Jun 2017036442.493.09$1,124
May 201702,71945.373.26$8,873
Apr 201707,29247.933.21$23,419
Mar 201705,00646.772.98$14,936
Feb 201706,62950.452.95$19,573
Jan 201707,29549.413.42$24,940
Dec 2016010,28248.763.72$38,278
Nov 2016014,18542.492.64$37,510
Oct 201606,93346.193.09$21,425
Sep 201601,54341.553.10$4,784
Aug 201607,18541.442.92$21,011
Jul 201609,56541.622.92$27,971
Jun 201606,61645.352.69$17,769
May 201608,75142.521.99$17,424
Apr 2016011,10536.561.99$22,111
Mar 201605,82233.011.79$10,445
Feb 201606,45326.472.06$13,317
Jan 201606,93227.352.36$16,390
Dec 201507,66432.362.00$15,339
Nov 201507,84138.792.17$16,994
Oct 201509,01543.552.43$21,876
Sep 2015010,11342.992.76$27,896
Aug 201508,56840.162.87$24,611
Jul 201509,33048.152.95$27,478
Jun 201502,14856.152.88$6,192
May 201508,89155.212.96$26,277
Apr 201508,77449.822.71$23,747
Mar 2015010,28442.892.93$30,181
Feb 201509,48044.662.98$28,214
Jan 2015011,05543.433.10$34,277
Dec 2014011,12954.693.59$39,968
Nov 2014010,34670.464.25$43,990
Oct 2014011,44078.303.90$44,627
Sep 2014011,76086.164.05$47,574
Aug 2014012,54789.394.04$50,629
Jul 2014013,06896.564.18$54,619
Jun 2014013,68798.164.74$64,834
May 2014016,39394.734.73$77,483
Apr 2014014,86595.944.81$71,488
Mar 2014015,72595.895.06$79,518
Feb 2014014,96497.406.19$92,657
Jan 2014017,23290.404.86$83,760
Dec 2013019,79391.824.35$86,188
Nov 2013017,26388.853.74$64,534
Oct 2013016,28897.423.78$61,558
Sep 2013015,213104.113.72$56,558
Aug 2013016,528104.253.52$58,222
Jul 2013017,876102.523.72$66,458
Jun 2013019,04794.403.93$74,920
May 2013020,89894.834.15$86,707
Apr 2013018,06393.964.28$77,356
Mar 2013025,25393.623.91$98,812
Feb 2013026,17091.233.42$89,499
Jan 2013035,25891.603.42$120,579
Dec 2012041,69086.773.42$142,586
Nov 2012018,99386.953.62$68,849

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                   34 Mcf  × $  3.05 =       $104

────────────────────────────────────────────────────
Month total                                     $104

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/268580 is the state's own key, not one this site invented.