CLEVELAND FEDERAL

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 272673District 09Field 65280200CondensateGasSaveExport
Value, all time
$2.5 M
Feb 2014 – May 2026
Value, last 12 filed months
$84 k
at the published price for each month
Months reported
148
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
CondensateDisposition10 bbl$391
GasProduction707,708 Mcf$2,500,028
Total$2,500,419

Every month this lease reported (148)

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

148 months

May 202601,802106.413.05$5,489
Apr 202601,68198.932.87$4,824
Mar 202601,93389.753.15$6,088
Feb 202601,66663.503.75$6,248
Jan 202602,03659.138.00$16,284
Dec 202502,07956.664.41$9,175
Nov 202501,91058.593.93$7,500
Oct 202501,89859.383.30$6,273
Sep 202501,87762.743.08$5,775
Aug 202501,28763.933.01$3,880
Jul 202502,01166.743.32$6,667
Jun 202501,94266.483.13$6,076
May 202502,21260.553.23$7,150
Apr 202501,98962.363.54$7,047
Mar 202502,56267.704.27$10,935
Feb 202501,87870.884.34$8,152
Jan 202502,10174.324.28$8,990
Dec 202402,74668.993.12$8,571
Nov 202403,21669.052.20$7,070
Oct 202403,14571.372.28$7,175
Sep 202402,63769.612.36$6,235
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 202401,34076.091.78$2,390
Jan 202403,04273.023.30$10,031
Dec 202303,04071.262.61$7,937
Nov 202303,00777.892.81$8,442
Oct 202302,52985.443.09$7,808
Sep 202302,49289.042.74$6,816
Aug 202302,84680.522.67$7,607
Jul 202302,89974.852.64$7,659
Jun 202302,98768.962.26$6,746
May 202303,19970.622.23$7,125
Apr 202303,00378.122.24$6,720
Mar 202302,43872.852.39$5,835
Feb 202303,39875.112.47$8,378
Jan 202303,52776.533.39$11,948
Dec 202202,43576.415.73$13,950
Nov 202202,32585.005.65$13,127
Oct 202202,63387.185.86$15,439
Sep 202203,40184.888.16$27,765
Aug 202202,94594.529.13$26,879
Jul 202202,880101.587.54$21,721
Jun 202202,850115.097.98$22,735
May 202203,024109.378.43$25,502
Apr 202203,025104.226.84$20,684
Mar 202203,090108.885.08$15,686
Feb 202202,79691.054.86$13,585
Jan 202203,22581.844.54$14,634
Dec 202103,26471.323.90$12,727
Nov 202103,45277.435.24$18,078
Oct 202103,61379.795.71$20,644
Sep 202102,11969.865.35$11,339
Aug 202102,61066.024.22$11,016
Jul 202103,01670.783.98$12,010
Jun 202101,19869.493.38$4,050
May 202102,39063.483.02$7,212
Apr 202102,59260.362.76$7,150
Mar 202102,07861.302.72$5,646
Feb 2021081157.805.55$4,499
Jan 202102,66650.412.81$7,492
Dec 202002,38544.642.68$6,381
Nov 202002,54738.772.71$6,894
Oct 202002,94236.972.48$7,292
Sep 202002,83937.091.99$5,653
Aug 202002,79739.982.39$6,671
Jul 202003,19838.371.83$5,837
Jun 202003,00734.901.69$5,083
May 202003,04216.921.81$5,520
Apr 202002,94414.751.80$5,312
Mar 202003,51230.341.86$6,519
Feb 202003,99649.881.98$7,915
Jan 202004,34157.252.09$9,093
Dec 201904,48959.012.30$10,344
Nov 201904,37555.302.75$12,034
Oct 201904,39753.472.42$10,634
Sep 201904,53855.052.66$12,059
Aug 201904,77653.112.30$11,006
Jul 201904,87856.272.46$12,000
Jun 201903,86152.782.49$9,619
May 201902,13458.482.74$5,848
Apr 201904,53862.632.75$12,483
Mar 201905,41756.803.06$16,587
Feb 201904,24850.852.79$11,861
Jan 201903,67746.033.23$11,870
Dec 201802,13946.594.19$8,953
Nov 201801,26952.934.24$5,377
Oct 201804,08861.443.40$13,891
Sep 201804,27959.543.11$13,299
Aug 201805,13859.403.07$15,756
Jul 201805,18965.142.93$15,214
Jun 201804,89760.183.08$15,068
May 201805,62165.382.90$16,305
Apr 201806,41763.842.90$18,614
Mar 201807,11861.222.79$19,837
Feb 201806,29161.782.77$17,402
Jan 201806,89262.874.01$27,632
Dec 201706,11157.272.92$17,853
Nov 201706,14155.423.12$19,150
Oct 201706,16049.292.98$18,379
Sep 201705,23647.523.09$16,165
Aug 201705,90545.373.00$17,741
Jul 201706,28043.873.09$19,388
Jun 201705,67842.493.09$17,530
May 201703,48045.373.26$11,357
Apr 201706,24547.933.21$20,056
Mar 201707,03846.772.98$20,999
Feb 201705,47650.452.95$16,168
Jan 201707,12749.413.42$24,366
Dec 201607,75348.763.72$28,863
Nov 201603,43842.492.64$9,091
Oct 201604946.193.09$151
Sep 201602,19241.553.10$6,797
Aug 201608,17841.442.92$23,915
Jul 2016010,01741.622.92$29,293
Jun 2016032745.352.69$878
May 201606,16542.521.99$12,275
Apr 201668,80036.561.99$17,741
Mar 201608,94333.011.79$16,044
Feb 201609,98226.472.06$20,599
Jan 201604,50927.352.36$10,661
Dec 20150032.362.00$0
Nov 201506,50838.792.17$14,105
Oct 2015011,81943.552.43$28,680
Sep 2015413,89942.992.76$38,511
Aug 201502,83740.162.87$8,149
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 201506355.212.96$186
Apr 201508,09149.822.71$21,899
Mar 2015012,88142.892.93$37,802
Feb 2015013,13944.662.98$39,104
Jan 2015013,15343.433.10$40,783
Dec 201409654.693.59$345
Nov 2014010,74670.464.25$45,690
Oct 2014015,12078.303.90$58,983
Sep 2014016,17086.164.05$65,415
Aug 2014015,54889.394.04$62,738
Jul 2014018,60396.564.18$77,753
Jun 2014018,99098.164.74$89,953
May 2014023,86494.734.73$112,795
Apr 2014023,65795.944.81$113,769
Mar 2014037,34495.895.06$188,841
Feb 201406,94197.406.19$42,979

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                1,802 Mcf  × $  3.05 =     $5,489

────────────────────────────────────────────────────
Month total                                   $5,489

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/272673 is the state's own key, not one this site invented.