REESE, J. MURIEL

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 269029District 09Field 65280200GasSaveExport
Value, all time
$4.9 M
Dec 2012 – May 2026
Value, last 12 filed months
$195 k
at the published price for each month
Months reported
162
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
GasProduction1,413,442 Mcf$4,921,237
Total$4,921,237

Every month this lease reported (162)

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

162 months

May 20264,394106.413.05$13,383
Apr 20264,48598.932.87$12,871
Mar 20264,37689.753.15$13,782
Feb 20264,12763.503.75$15,478
Jan 20264,00059.138.00$31,992
Dec 20254,36056.664.41$19,242
Nov 20254,26258.593.93$16,734
Oct 20254,39959.383.30$14,538
Sep 20254,36762.743.08$13,437
Aug 20254,52663.933.01$13,645
Jul 20254,63066.743.32$15,349
Jun 20254,50366.483.13$14,089
May 20254,39660.553.23$14,209
Apr 20254,34262.363.54$15,384
Mar 20254,50867.704.27$19,242
Feb 20254,17170.884.34$18,106
Jan 20254,74074.324.28$20,281
Dec 20244,72868.993.12$14,758
Nov 20244,55969.052.20$10,023
Oct 20244,66871.372.28$10,650
Sep 20244,51169.612.36$10,666
Aug 20244,73875.632.06$9,777
Jul 20244,60979.932.15$9,894
Jun 20244,63778.082.63$12,214
May 20244,86678.812.20$10,698
Apr 20244,80184.451.66$7,966
Mar 20245,04180.301.55$7,789
Feb 20244,71176.091.78$8,403
Jan 20245,01173.023.30$16,525
Dec 20234,92271.262.61$12,850
Nov 20234,78077.892.81$13,420
Oct 20234,96885.443.09$15,338
Sep 20234,69389.042.74$12,836
Aug 20234,88180.522.67$13,046
Jul 20235,07274.852.64$13,399
Jun 20234,90668.962.26$11,080
May 20235,08770.622.23$11,331
Apr 20234,96978.122.24$11,119
Mar 20235,29572.852.39$12,672
Feb 20234,62675.112.47$11,406
Jan 20235,17276.533.39$17,521
Dec 20225,26576.415.73$30,164
Nov 20225,04285.005.65$28,468
Oct 20225,27787.185.86$30,943
Sep 20225,06184.888.16$41,316
Aug 20225,24694.529.13$47,881
Jul 20225,181101.587.54$39,076
Jun 20224,846115.097.98$38,658
May 20225,075109.378.43$42,798
Apr 20225,119104.226.84$35,002
Mar 20225,366108.885.08$27,240
Feb 20225,14491.054.86$24,994
Jan 20225,62881.844.54$25,538
Dec 20215,61071.323.90$21,874
Nov 20215,67777.435.24$29,730
Oct 20215,89379.795.71$33,672
Sep 20215,46669.865.35$29,248
Aug 20215,79966.024.22$24,475
Jul 20215,92370.783.98$23,586
Jun 20215,65669.493.38$19,121
May 20215,55563.483.02$16,763
Apr 20215,79760.362.76$15,991
Mar 20216,15361.302.72$16,717
Feb 20215,18357.805.55$28,755
Jan 20216,24750.412.81$17,556
Dec 20206,32044.642.68$16,909
Nov 20206,12238.772.71$16,570
Oct 20206,59336.972.48$16,340
Sep 20205,99137.091.99$11,928
Aug 20206,29239.982.39$15,007
Jul 20206,42338.371.83$11,723
Jun 20206,60034.901.69$11,156
May 20206,57216.921.81$11,927
Apr 20206,48314.751.80$11,698
Mar 20206,61330.341.86$12,275
Feb 20206,24549.881.98$12,369
Jan 20206,74457.252.09$14,127
Dec 20196,63159.012.30$15,280
Nov 20196,39755.302.75$17,596
Oct 20196,62753.472.42$16,028
Sep 20196,34555.052.66$16,860
Aug 20196,81153.112.30$15,695
Jul 20196,87356.272.46$16,908
Jun 20196,90752.782.49$17,207
May 20197,31558.482.74$20,045
Apr 20197,13662.632.75$19,629
Mar 20197,64856.803.06$23,419
Feb 20196,62450.852.79$18,496
Jan 20197,25546.033.23$23,420
Dec 20188,06746.594.19$33,764
Nov 20186,90752.934.24$29,267
Oct 20186,83661.443.40$23,229
Sep 20187,42659.543.11$23,080
Aug 20186,68059.403.07$20,485
Jul 20187,57665.142.93$22,212
Jun 20186,63760.183.08$20,422
May 20188,06465.382.90$23,392
Apr 20188,13163.842.90$23,586
Mar 20188,25061.222.79$22,991
Feb 20187,75961.782.77$21,462
Jan 20188,35162.874.01$33,482
Dec 20178,18957.272.92$23,924
Nov 2017055.423.12$0
Oct 2017049.292.98$0
Sep 2017047.523.09$0
Aug 20178,76945.373.00$26,346
Jul 20179,44443.873.09$29,156
Jun 20179,08342.493.09$28,042
May 20178,83145.373.26$28,819
Apr 20178,57747.933.21$27,546
Mar 20179,08846.772.98$27,116
Feb 20178,08750.452.95$23,878
Jan 20179,69449.413.42$33,142
Dec 201610,06248.763.72$37,459
Nov 20169,77442.492.64$25,846
Oct 201610,76146.193.09$33,254
Sep 201610,22841.553.10$31,713
Aug 201610,30041.442.92$30,121
Jul 201610,19241.622.92$29,805
Jun 201610,18445.352.69$27,352
May 2016042.521.99$0
Apr 201610,51836.561.99$20,942
Mar 201610,98633.011.79$19,709
Feb 201610,48826.472.06$21,643
Jan 201611,29227.352.36$26,698
Dec 201511,48832.362.00$22,992
Nov 201510,92638.792.17$23,680
Oct 201512,17943.552.43$29,553
Sep 201511,80342.992.76$32,558
Aug 201511,88140.162.87$34,128
Jul 201512,07348.152.95$35,556
Jun 201511,96556.152.88$34,493
May 2015055.212.96$0
Apr 201512,53649.822.71$33,930
Mar 201513,49842.892.93$39,613
Feb 201512,84444.662.98$38,226
Jan 201514,55643.433.10$45,133
Dec 201414,34854.693.59$51,529
Nov 201414,24170.464.25$60,550
Oct 201414,85378.303.90$57,941
Sep 201414,93186.164.05$60,402
Aug 201415,96189.394.04$64,405
Jul 201416,57296.564.18$69,264
Jun 201416,46098.164.74$77,969
May 201416,57594.734.73$78,343
Apr 201417,39795.944.81$83,664
Mar 201417,88695.895.06$90,446
Feb 201417,11697.406.19$105,982
Jan 201419,66290.404.86$95,571
Dec 201319,59691.824.35$85,330
Nov 201320,80388.853.74$77,767
Oct 201321,39097.423.78$80,841
Sep 201320,628104.113.72$76,690
Aug 201323,340104.253.52$82,218
Jul 201353,217102.523.72$197,847
Jun 201325,06794.403.93$98,599
May 201326,68994.834.15$110,735
Apr 2013093.964.28$0
Mar 2013093.623.91$0
Feb 201318,77991.233.42$64,222
Jan 201339,73391.603.42$135,883
Dec 201245,60586.773.42$155,976

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                4,394 Mcf  × $  3.05 =    $13,383

────────────────────────────────────────────────────
Month total                                  $13,383

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/269029 is the state's own key, not one this site invented.