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 268581District 09Field 65280200GasSaveExport
Value, all time
$5.2 M
Nov 2012 – May 2026
Value, last 12 filed months
$100 k
at the published price for each month
Months reported
163
no gaps in the span
Streams
1
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
GasProduction1,454,888 Mcf$5,167,501
Total$5,167,501

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 20262,299106.413.05$7,002
Apr 20262,77398.932.87$7,958
Mar 20261,76989.753.15$5,571
Feb 20262,74363.503.75$10,287
Jan 20262,52659.138.00$20,203
Dec 20252,65756.664.41$11,726
Nov 20252,38558.593.93$9,365
Oct 20253,05859.383.30$10,106
Sep 20253,25162.743.08$10,003
Aug 20252,24263.933.01$6,759
Jul 202531766.743.32$1,051
Jun 2025066.483.13$0
May 202580760.553.23$2,608
Apr 20252,04362.363.54$7,239
Mar 20253,62067.704.27$15,451
Feb 20252,99670.884.34$13,005
Jan 20253,06174.324.28$13,097
Dec 20243,43668.993.12$10,725
Nov 20242,73869.052.20$6,019
Oct 20244,10271.372.28$9,358
Sep 20244,31069.612.36$10,190
Aug 20244,44375.632.06$9,169
Jul 20244,22479.932.15$9,067
Jun 20242,99378.082.63$7,884
May 20242,09578.812.20$4,606
Apr 20242,26784.451.66$3,761
Mar 20242,48880.301.55$3,844
Feb 20242,86076.091.78$5,101
Jan 20243,52773.023.30$11,631
Dec 20233,69971.262.61$9,657
Nov 20233,79677.892.81$10,658
Oct 20233,58285.443.09$11,059
Sep 20233,75089.042.74$10,256
Aug 20234,60380.522.67$12,303
Jul 20235,31674.852.64$14,044
Jun 20233,39268.962.26$7,661
May 20232,97470.622.23$6,624
Apr 20234,86178.122.24$10,878
Mar 20234,19772.852.39$10,044
Feb 20233,03175.112.47$7,473
Jan 20234,30876.533.39$14,594
Dec 20222,96776.415.73$16,998
Nov 20222,75385.005.65$15,544
Oct 20221,42987.185.86$8,379
Sep 202299184.888.16$8,090
Aug 20223,52894.529.13$32,201
Jul 20225,616101.587.54$42,356
Jun 20224,515115.097.98$36,017
May 20224,640109.378.43$39,129
Apr 20223,516104.226.84$24,041
Mar 20224,892108.885.08$24,834
Feb 20221,26391.054.86$6,137
Jan 20225,06981.844.54$23,002
Dec 20214,37771.323.90$17,066
Nov 20214,62777.435.24$24,231
Oct 20214,27079.795.71$24,398
Sep 20214,40469.865.35$23,565
Aug 20215,32366.024.22$22,466
Jul 20214,97970.783.98$19,827
Jun 20215,93869.493.38$20,074
May 20211,81363.483.02$5,471
Apr 20214,06260.362.76$11,205
Mar 20213,41161.302.72$9,267
Feb 20212,73057.805.55$15,146
Jan 20215,19650.412.81$14,602
Dec 20202,66344.642.68$7,125
Nov 20202,58038.772.71$6,983
Oct 20203,02036.972.48$7,485
Sep 20204,65537.091.99$9,268
Aug 20204,36739.982.39$10,416
Jul 20205,38138.371.83$9,821
Jun 20205,05334.901.69$8,541
May 20204,55416.921.81$8,264
Apr 20205,47014.751.80$9,870
Mar 20205,31530.341.86$9,866
Feb 20203,36349.881.98$6,661
Jan 20204,80157.252.09$10,057
Dec 20195,13459.012.30$11,831
Nov 20195,23955.302.75$14,411
Oct 20194,66853.472.42$11,290
Sep 20193,12755.052.66$8,309
Aug 20195,46453.112.30$12,591
Jul 20194,84756.272.46$11,924
Jun 20196,61252.782.49$16,472
May 20196,08858.482.74$16,683
Apr 20196,51062.632.75$17,907
Mar 20196,41256.803.06$19,634
Feb 20195,91350.852.79$16,510
Jan 20196,52446.033.23$21,061
Dec 20186,92846.594.19$28,997
Nov 20186,61252.934.24$28,017
Oct 20186,26261.443.40$21,279
Sep 2018059.543.11$0
Aug 2018059.403.07$0
Jul 20184,33965.142.93$12,721
Jun 20186,26860.183.08$19,286
May 20187,62665.382.90$22,122
Apr 20185,81263.842.90$16,859
Mar 20187,87861.222.79$21,955
Feb 20187,33861.782.77$20,298
Jan 20187,95762.874.01$31,902
Dec 20178,93857.272.92$26,113
Nov 20178,19155.423.12$25,542
Oct 20178,30749.292.98$24,785
Sep 20177,92947.523.09$24,479
Aug 20176,99345.373.00$21,010
Jul 20176,76943.873.09$20,898
Jun 201755442.493.09$1,710
May 20176,64945.373.26$21,698
Apr 201711,12047.933.21$35,713
Mar 201712,36546.772.98$36,893
Feb 201711,52050.452.95$34,014
Jan 201711,78049.413.42$40,273
Dec 20167,43948.763.72$27,694
Nov 201661042.492.64$1,613
Oct 201636346.193.09$1,122
Sep 20168,30941.553.10$25,763
Aug 201610,57341.442.92$30,919
Jul 201616,33141.622.92$47,757
Jun 201615,00345.352.69$40,296
May 201615,46842.521.99$30,797
Apr 201611,30436.561.99$22,507
Mar 201610,92833.011.79$19,605
Feb 201613,03326.472.06$26,895
Jan 20168,32127.352.36$19,674
Dec 20158,99132.362.00$17,995
Nov 20152,57238.792.17$5,574
Oct 20156,00343.552.43$14,567
Sep 20159,98842.992.76$27,551
Aug 201511,24040.162.87$32,287
Jul 20158,19248.152.95$24,126
Jun 201510,80956.152.88$31,161
May 201513,12555.212.96$38,790
Apr 201510,91249.822.71$29,534
Mar 20154,53642.892.93$13,312
Feb 201513,72744.662.98$40,854
Jan 201516,07043.433.10$49,827
Dec 201415,72454.693.59$56,471
Nov 201414,25470.464.25$60,606
Oct 201416,52778.303.90$64,471
Sep 201416,34486.164.05$66,119
Aug 201417,82989.394.04$71,942
Jul 201418,95596.564.18$79,224
Jun 201418,75398.164.74$88,831
May 201419,86894.734.73$93,907
Apr 20147,06295.944.81$33,962
Mar 201423,29795.895.06$117,808
Feb 201422,41297.406.19$138,775
Jan 201425,70390.404.86$124,935
Dec 201326,94991.824.35$117,349
Nov 201325,14888.853.74$94,010
Oct 201328,24797.423.78$106,756
Sep 201327,795104.113.72$103,335
Aug 201330,325104.253.52$106,823
Jul 201331,612102.523.72$117,525
Jun 201332,90894.403.93$129,441
May 201335,60894.834.15$147,740
Apr 201335,46593.964.28$151,882
Mar 201340,73093.623.91$159,371
Feb 201340,56791.233.42$138,735
Jan 201346,62691.603.42$159,457
Dec 201254,73786.773.42$187,209
Nov 201243,85386.953.62$158,965

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
Gas                2,299 Mcf  × $  3.05 =     $7,002

────────────────────────────────────────────────────
Month total                                   $7,002

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/268581 is the state's own key, not one this site invented.