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 268582District 09Field 65280200GasSaveExport
Value, all time
$5.5 M
Nov 2012 – May 2026
Value, last 12 filed months
$250 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
GasProduction1,573,267 Mcf$5,473,490
Total$5,473,490

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 20265,653106.413.05$17,218
Apr 20266,01198.932.87$17,250
Mar 20265,79289.753.15$18,242
Feb 20265,21963.503.75$19,573
Jan 20265,72959.138.00$45,820
Dec 20255,67356.664.41$25,037
Nov 20255,53458.593.93$21,729
Oct 20255,40159.383.30$17,849
Sep 20255,18662.743.08$15,957
Aug 20255,62063.933.01$16,943
Jul 20256,46366.743.32$21,426
Jun 20254,07566.483.13$12,750
May 20255,44760.553.23$17,606
Apr 20255,45462.363.54$19,324
Mar 20255,21267.704.27$22,246
Feb 20255,06070.884.34$21,965
Jan 20256,29774.324.28$26,943
Dec 20246,29268.993.12$19,640
Nov 20245,89969.052.20$12,969
Oct 20245,85071.372.28$13,346
Sep 20245,68469.612.36$13,439
Aug 20245,83475.632.06$12,039
Jul 20245,74379.932.15$12,328
Jun 20245,96878.082.63$15,720
May 20246,71478.812.20$14,760
Apr 20246,25684.451.66$10,380
Mar 20246,68680.301.55$10,331
Feb 20246,26176.091.78$11,167
Jan 20246,90273.023.30$22,760
Dec 20236,75171.262.61$17,625
Nov 20236,75377.892.81$18,959
Oct 20236,78085.443.09$20,932
Sep 20236,20289.042.74$16,963
Aug 20235,40380.522.67$14,442
Jul 20235,00374.852.64$13,217
Jun 20236,39368.962.26$14,438
May 20237,13570.622.23$15,893
Apr 20235,58178.122.24$12,489
Mar 20235,02072.852.39$12,014
Feb 20235,57175.112.47$13,736
Jan 20235,90076.533.39$19,988
Dec 20225,79376.415.73$33,189
Nov 20226,44285.005.65$36,373
Oct 20227,35087.185.86$43,099
Sep 20226,82684.888.16$55,725
Aug 20225,24494.529.13$47,863
Jul 20224,518101.587.54$34,075
Jun 20224,966115.097.98$39,615
May 20224,623109.378.43$38,986
Apr 20224,652104.226.84$31,809
Mar 20224,844108.885.08$24,590
Feb 20223,62491.054.86$17,608
Jan 20224,45981.844.54$20,234
Dec 20215,50571.323.90$21,465
Nov 20215,52477.435.24$28,928
Oct 20216,27779.795.71$35,866
Sep 20216,29969.865.35$33,705
Aug 20216,59966.024.22$27,852
Jul 20216,40470.783.98$25,501
Jun 20215,10269.493.38$17,248
May 20216,88363.483.02$20,771
Apr 20215,46860.362.76$15,083
Mar 20216,13561.302.72$16,668
Feb 20214,29157.805.55$23,806
Jan 20216,09450.412.81$17,126
Dec 20206,63544.642.68$17,752
Nov 20206,08638.772.71$16,472
Oct 20205,42836.972.48$13,453
Sep 20206,37537.091.99$12,693
Aug 20206,97239.982.39$16,629
Jul 20206,72838.371.83$12,279
Jun 20205,98234.901.69$10,111
May 20205,54016.921.81$10,054
Apr 20205,61914.751.80$10,139
Mar 20205,72330.341.86$10,623
Feb 20205,74249.881.98$11,373
Jan 20206,12857.252.09$12,837
Dec 20195,61459.012.30$12,937
Nov 20195,68355.302.75$15,632
Oct 20196,52653.472.42$15,783
Sep 20195,43355.052.66$14,437
Aug 20195,47553.112.30$12,616
Jul 20196,55656.272.46$16,128
Jun 20195,61852.782.49$13,996
May 20196,33458.482.74$17,357
Apr 20196,60262.632.75$18,160
Mar 20196,64456.803.06$20,345
Feb 20196,12850.852.79$17,111
Jan 20197,31346.033.23$23,608
Dec 20188,63446.594.19$36,137
Nov 20185,98652.934.24$25,364
Oct 20184,24661.443.40$14,428
Sep 2018059.543.11$0
Aug 20187,00259.403.07$21,472
Jul 20188,03365.142.93$23,552
Jun 20186,80560.183.08$20,938
May 20188,34165.382.90$24,196
Apr 20186,84163.842.90$19,844
Mar 20188,38961.222.79$23,379
Feb 20187,79661.782.77$21,565
Jan 20189,45362.874.01$37,900
Dec 20179,67757.272.92$28,272
Nov 20179,48655.423.12$29,581
Oct 20179,62249.292.98$28,709
Sep 201712,69047.523.09$39,178
Aug 201712,59045.373.00$37,825
Jul 201712,38643.873.09$38,239
Jun 201713242.493.09$408
May 201716,87445.373.26$55,067
Apr 201711,96847.933.21$38,436
Mar 201712,25346.772.98$36,559
Feb 201710,24350.452.95$30,243
Jan 201710,24949.413.42$35,039
Dec 201610,90548.763.72$40,597
Nov 201612,19442.492.64$32,245
Oct 201616,91146.193.09$52,259
Sep 201610,55441.553.10$32,724
Aug 20167,86141.442.92$22,988
Jul 20169,12341.622.92$26,679
Jun 20168,86645.352.69$23,813
May 201610,70442.521.99$21,312
Apr 201610,37136.561.99$20,649
Mar 20167,75633.011.79$13,914
Feb 20168,78326.472.06$18,125
Jan 201610,75627.352.36$25,431
Dec 201511,09132.362.00$22,198
Nov 201511,21838.792.17$24,313
Oct 201514,76043.552.43$35,816
Sep 201510,74542.992.76$29,639
Aug 201510,59440.162.87$30,431
Jul 201513,44348.152.95$39,591
Jun 201512,20656.152.88$35,188
May 201512,30855.212.96$36,376
Apr 201512,14049.822.71$32,858
Mar 201514,90242.892.93$43,733
Feb 201512,17644.662.98$36,238
Jan 201513,77443.433.10$42,708
Dec 201414,07054.693.59$50,530
Nov 201413,84570.464.25$58,867
Oct 201414,16678.303.90$55,261
Sep 201414,73986.164.05$59,626
Aug 201415,80789.394.04$63,783
Jul 201415,36596.564.18$64,220
Jun 201414,96498.164.74$70,883
May 201416,58094.734.73$78,366
Apr 201419,66595.944.81$94,571
Mar 201418,41995.895.06$93,141
Feb 201417,44197.406.19$107,995
Jan 201419,63890.404.86$95,455
Dec 201320,96491.824.35$91,287
Nov 201320,05088.853.74$74,953
Oct 20137,95497.423.78$30,061
Sep 201316,438104.113.72$61,112
Aug 201318,994104.253.52$66,908
Jul 201322,381102.523.72$83,207
Jun 201323,77194.403.93$93,501
May 201327,63794.834.15$114,668
Apr 201327,46593.964.28$117,621
Mar 201331,66293.623.91$123,889
Feb 201333,62391.233.42$114,988
Jan 201343,25791.603.42$147,935
Dec 201249,78086.773.42$170,256
Nov 201229,54286.953.62$107,089

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                5,653 Mcf  × $  3.05 =    $17,218

────────────────────────────────────────────────────
Month total                                  $17,218

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/268582 is the state's own key, not one this site invented.