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T. F. PETTY GU (SA)

Operated by BKV BARNETT, LLC (P-5 72504) 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 274978District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$4.3 M
Sep 2013 – May 2026
Value, last 12 filed months
$107 k
at the published price for each month
Months reported
153
no gaps in the span
Streams
2
condensate, gas

The NEWARK, EAST (BARNETT SHALE) field

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”

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112015-01-23215088
NGPA1none——

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

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
CondensateDisposition22 bbl$813
GasProduction1,206,519 Mcf$4,250,462
Total$4,251,275

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 33.0582, -97.5802. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.05816, -97.58015 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
6,833 ft
1 wells filed one
Completion to plug
—
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 6,833 ft.

Completions filed
Sep 2013
1 of 1 wells

1 well

42-497376833H6,833 ftSep 2013——

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (153)

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

153 months

May 202606,464106.413.05$19,688
Apr 202609,09198.932.87$26,089
Mar 202601,99989.753.15$6,296
Feb 202601,00863.503.75$3,780
Jan 202601,15459.138.00$9,230
Dec 2025055356.664.41$2,441
Nov 202502,27458.593.93$8,929
Oct 202501,76759.383.30$5,840
Sep 2025087962.743.08$2,705
Aug 202502,23263.933.01$6,729
Jul 202502,27966.743.32$7,555
Jun 202502,62766.483.13$8,219
May 202502,61060.553.23$8,436
Apr 202502,91462.363.54$10,325
Mar 202502,47867.704.27$10,577
Feb 202502,31670.884.34$10,053
Jan 202502,56874.324.28$10,988
Dec 2024082068.993.12$2,560
Nov 202402,69169.052.20$5,916
Oct 202402,49171.372.28$5,683
Sep 2024054469.612.36$1,286
Aug 202402,61075.632.06$5,386
Jul 202402,07979.932.15$4,463
Jun 202402,82078.082.63$7,428
May 202401,22978.812.20$2,702
Apr 202402,17584.451.66$3,609
Mar 202403,52980.301.55$5,453
Feb 202402,52576.091.78$4,504
Jan 202401,44573.023.30$4,765
Dec 202303,40471.262.61$8,887
Nov 202303,29777.892.81$9,257
Oct 202303,89685.443.09$12,028
Sep 202301,87489.042.74$5,125
Aug 202301,15480.522.67$3,085
Jul 202304,21374.852.64$11,130
Jun 202304,09068.962.26$9,237
May 202304,27670.622.23$9,524
Apr 202303,53178.122.24$7,902
Mar 202303,97572.852.39$9,513
Feb 202302,85075.112.47$7,027
Jan 202301,78576.533.39$6,047
Dec 202202,60676.415.73$14,930
Nov 202203,80785.005.65$21,495
Oct 202203,57587.185.86$20,963
Sep 202203,48384.888.16$28,434
Aug 202202,93894.529.13$26,816
Jul 202202,745101.587.54$20,703
Jun 202203,259115.097.98$25,998
May 202204,689109.378.43$39,543
Apr 202202,172104.226.84$14,851
Mar 202204,368108.885.08$22,174
Feb 202202,21491.054.86$10,757
Jan 202202,06181.844.54$9,352
Dec 202103,95771.323.90$15,429
Nov 202104,17377.435.24$21,853
Oct 202102,74079.795.71$15,656
Sep 202104,08869.865.35$21,875
Aug 202104,74466.024.22$20,022
Jul 202105,50770.783.98$21,929
Jun 2021053969.493.38$1,822
May 202105,32763.483.02$16,075
Apr 202105,16260.362.76$14,239
Mar 202106,07061.302.72$16,492
Feb 202104,54757.805.55$25,227
Jan 202104,51950.412.81$12,700
Dec 202004,34344.642.68$11,620
Nov 202005,52038.772.71$14,940
Oct 2020226,49836.972.48$16,918
Sep 202006,40337.091.99$12,749
Aug 202006,32039.982.39$15,074
Jul 202006,67238.371.83$12,177
Jun 202006,28734.901.69$10,627
May 202007,21116.921.81$13,086
Apr 202007,36714.751.80$13,293
Mar 202007,98930.341.86$14,829
Feb 202007,12349.881.98$14,108
Jan 202007,45157.252.09$15,608
Dec 201907,10259.012.30$16,366
Nov 201906,98955.302.75$19,225
Oct 201907,77553.472.42$18,804
Sep 201907,83955.052.66$20,830
Aug 201906,67453.112.30$15,379
Jul 201902,13056.272.46$5,240
Jun 201905,19752.782.49$12,947
May 201905,59258.482.74$15,324
Apr 201901,05062.632.75$2,888
Mar 201902,25156.803.06$6,893
Feb 201903,08050.852.79$8,600
Jan 201905,22646.033.23$16,870
Dec 201807,04246.594.19$29,474
Nov 201802,80352.934.24$11,877
Oct 201803,80361.443.40$12,923
Sep 201805,94259.543.11$18,468
Aug 201805,57959.403.07$17,108
Jul 201805,88265.142.93$17,245
Jun 201805,59760.183.08$17,222
May 201807,47365.382.90$21,678
Apr 201806,36763.842.90$18,469
Mar 201807,18261.222.79$20,015
Feb 201806,56561.782.77$18,160
Jan 201805,61562.874.01$22,512
Dec 201707,83257.272.92$22,881
Nov 201707,10655.423.12$22,159
Oct 201703,49549.292.98$10,428
Sep 201707,49047.523.09$23,124
Aug 201706,99245.373.00$21,007
Jul 201706,56143.873.09$20,256
Jun 201707,44942.493.09$22,997
May 201707,76645.373.26$25,344
Apr 201707,33047.933.21$23,541
Mar 201708,12346.772.98$24,236
Feb 201707,83450.452.95$23,131
Jan 201708,06149.413.42$27,559
Dec 201607,46148.763.72$27,776
Nov 201608,15142.492.64$21,554
Oct 201608,19546.193.09$25,325
Sep 201608,72641.553.10$27,056
Aug 201609,32141.442.92$27,258
Jul 2016010,50541.622.92$30,720
Jun 201608,35545.352.69$22,440
May 2016010,75742.521.99$21,418
Apr 201606,63836.561.99$13,217
Mar 2016011,69533.011.79$20,981
Feb 2016028326.472.06$584
Jan 2016012,74627.352.36$30,136
Dec 201508,88832.362.00$17,789
Nov 2015012,85838.792.17$27,868
Oct 2015013,52743.552.43$32,824
Sep 2015014,12542.992.76$38,963
Aug 2015015,37140.162.87$44,153
Jul 2015015,93448.152.95$46,927
Jun 2015012,23856.152.88$35,280
May 2015015,81855.212.96$46,749
Apr 2015015,18349.822.71$41,094
Mar 2015017,86142.892.93$52,417
Feb 2015012,17744.662.98$36,241
Jan 2015013,91043.433.10$43,130
Dec 2014013,56654.693.59$48,720
Nov 2014016,64570.464.25$70,772
Oct 2014017,31078.303.90$67,526
Sep 2014017,26786.164.05$69,853
Aug 2014019,72589.394.04$79,593
Jul 2014019,36196.564.18$80,921
Jun 2014021,82598.164.74$103,382
May 2014024,78794.734.73$117,157
Apr 2014026,03195.944.81$125,186
Mar 2014029,84095.895.06$150,895
Feb 2014029,56897.406.19$183,085
Jan 2014034,88290.404.86$169,552
Dec 2013039,24491.824.35$170,887
Nov 2013045,56588.853.74$170,335
Oct 2013071,06197.423.78$268,565
Sep 2013015,335104.113.72$57,012

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                6,464 Mcf  × $  3.05 =    $19,688

────────────────────────────────────────────────────
Month total                                  $19,688

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/274978 is the state's own key, not one this site invented.