GLADYS DIKE (SA)

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 270225District 09Field 65280200GasSaveExport
Value, all time
$12.3 M
May 2013 – May 2026
Value, last 12 filed months
$520 k
at the published price for each month
Months reported
157
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
GasProduction3,565,835 Mcf$12,343,963
Total$12,343,963

Every month this lease reported (157)

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

157 months

May 202611,638106.413.05$35,447
Apr 202611,17798.932.87$32,075
Mar 202611,80489.753.15$37,176
Feb 202610,43363.503.75$39,127
Jan 202611,84259.138.00$94,711
Dec 202511,75156.664.41$51,861
Nov 202511,27258.593.93$44,259
Oct 202511,72559.383.30$38,749
Sep 202511,46162.743.08$35,265
Aug 202512,04763.933.01$36,319
Jul 202511,74166.743.32$38,924
Jun 202511,60866.483.13$36,318
May 202512,02260.553.23$38,859
Apr 202511,72662.363.54$41,547
Mar 202512,01967.704.27$51,301
Feb 202511,14570.884.34$48,379
Jan 202512,29674.324.28$52,611
Dec 202412,39868.993.12$38,699
Nov 202411,94369.052.20$26,256
Oct 202412,28771.372.28$28,032
Sep 202411,97669.612.36$28,316
Aug 202412,52075.632.06$25,837
Jul 202412,61079.932.15$27,069
Jun 202412,27178.082.63$32,322
May 202412,82178.812.20$28,186
Apr 202412,64484.451.66$20,979
Mar 202412,82480.301.55$19,815
Feb 202412,05776.091.78$21,505
Jan 202413,53573.023.30$44,634
Dec 202313,23971.262.61$34,563
Nov 202312,90777.892.81$36,237
Oct 202313,42285.443.09$41,437
Sep 202313,08989.042.74$35,799
Aug 202313,73480.522.67$36,709
Jul 202313,75674.852.64$36,341
Jun 202313,22468.962.26$29,866
May 202313,93670.622.23$31,041
Apr 202313,65278.122.24$30,550
Mar 202314,32172.852.39$34,272
Feb 202313,15475.112.47$32,434
Jan 202314,99476.533.39$50,795
Dec 202214,08576.415.73$80,694
Nov 202213,97685.005.65$78,911
Oct 202214,25787.185.86$83,600
Sep 202213,96984.888.16$114,038
Aug 202214,43994.529.13$131,787
Jul 202214,684101.587.54$110,748
Jun 202214,258115.097.98$113,739
May 202214,788109.378.43$124,708
Apr 202214,054104.226.84$96,096
Mar 202214,662108.885.08$74,430
Feb 202213,45991.054.86$65,395
Jan 202215,28081.844.54$69,336
Dec 202115,83371.323.90$61,735
Nov 202115,73277.435.24$82,386
Oct 202111,07879.795.71$63,298
Sep 202114,79769.865.35$79,178
Aug 202115,44866.024.22$65,200
Jul 202115,52970.783.98$61,838
Jun 202115,18569.493.38$51,335
May 202115,89563.483.02$47,966
Apr 202116,41860.362.76$45,288
Mar 202116,27661.302.72$44,221
Feb 202114,76957.805.55$81,938
Jan 202116,40250.412.81$46,094
Dec 202016,55744.642.68$44,298
Nov 202016,21438.772.71$43,884
Oct 202016,74236.972.48$41,494
Sep 202016,07837.091.99$32,012
Aug 202016,79739.982.39$40,063
Jul 202017,00438.371.83$31,034
Jun 202015,81734.901.69$26,736
May 202016,82016.921.81$30,524
Apr 202016,98114.751.80$30,640
Mar 202017,11230.341.86$31,764
Feb 202016,56949.881.98$32,818
Jan 202017,87057.252.09$37,433
Dec 201918,53559.012.30$42,711
Nov 201917,82755.302.75$49,037
Oct 201918,59153.472.42$44,963
Sep 201918,20255.052.66$48,368
Aug 201919,28553.112.30$44,440
Jul 201919,54256.272.46$48,074
Jun 201919,26152.782.49$47,983
May 201919,95558.482.74$54,683
Apr 201919,69662.632.75$54,178
Mar 201920,63256.803.06$63,177
Feb 201918,81250.852.79$52,527
Jan 201921,11846.033.23$68,173
Dec 201820,61346.594.19$86,274
Nov 201821,02852.934.24$89,101
Oct 201822,11061.443.40$75,132
Sep 201822,03159.543.11$68,472
Aug 201822,80259.403.07$69,924
Jul 201822,54465.142.93$66,096
Jun 201821,84760.183.08$67,221
May 201823,22965.382.90$67,383
Apr 201823,52363.842.90$68,236
Mar 201823,48261.222.79$65,441
Feb 201821,26661.782.77$58,824
Jan 201824,05462.874.01$96,440
Dec 201723,85857.272.92$69,702
Nov 201723,35155.423.12$72,817
Oct 201724,65549.292.98$73,563
Sep 201724,40347.523.09$75,339
Aug 201725,64545.373.00$77,048
Jul 201725,50743.873.09$78,747
Jun 201725,31142.493.09$78,142
May 201727,16145.373.26$88,637
Apr 201725,83947.933.21$82,985
Mar 201727,16846.772.98$81,061
Feb 201721,63650.452.95$63,882
Jan 201723,01949.413.42$78,697
Dec 201626,17248.763.72$97,434
Nov 201625,64342.492.64$67,809
Oct 201626,96846.193.09$83,338
Sep 201625,93641.553.10$80,418
Aug 201626,67641.442.92$78,010
Jul 201623,51541.622.92$68,766
Jun 201625,33345.352.69$68,040
May 201627,31942.521.99$54,393
Apr 201625,84636.561.99$51,460
Mar 201627,13033.011.79$48,671
Feb 201625,64026.472.06$52,911
Jan 201628,37227.352.36$67,082
Dec 201529,08632.362.00$58,213
Nov 201530,79338.792.17$66,739
Oct 201530,42643.552.43$73,831
Sep 201529,54642.992.76$81,500
Aug 201531,34540.162.87$90,038
Jul 201535,20248.152.95$103,673
Jun 201529,80956.152.88$85,935
May 201531,58355.212.96$93,342
Apr 201531,54549.822.71$85,379
Mar 201533,48042.892.93$98,254
Feb 201531,14444.662.98$92,690
Jan 201535,29343.433.10$109,431
Dec 201436,43054.693.59$130,833
Nov 201436,24170.464.25$154,091
Oct 201438,60578.303.90$150,597
Sep 201438,78286.164.05$156,890
Aug 201441,35789.394.04$166,880
Jul 201442,73096.564.18$178,594
Jun 201442,87698.164.74$203,098
May 201446,25894.734.73$218,641
Apr 201446,85695.944.81$225,336
Mar 201450,78295.895.06$256,794
Feb 201449,33697.406.19$305,489
Jan 201448,22390.404.86$234,399
Dec 201346,30991.824.35$201,652
Nov 201351,08088.853.74$190,951
Oct 201357,47297.423.78$217,207
Sep 201362,191104.113.72$231,210
Aug 201370,532104.253.52$248,457
Jul 201384,809102.523.72$315,298
Jun 2013106,91794.403.93$420,548
May 20139,85494.834.15$40,885

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               11,638 Mcf  × $  3.05 =    $35,447

────────────────────────────────────────────────────
Month total                                  $35,447

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/270225 is the state's own key, not one this site invented.