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WATERS (ALLOCATION)

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 280249District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$5.0 M
May 2016 – May 2026
Value, last 12 filed months
$353 k
at the published price for each month
Months reported
121
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 Gas112016-08-15219214
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
CondensateDisposition1,438 bbl$91,300
GasProduction1,494,783 Mcf$4,940,673
Total$5,031,973

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 33.2580, -97.7098. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.25800, -97.70977 · 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
7,045 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 7,045 ft.

Completions filed
May 2016
1 of 1 wells

1 well

42-497376281H7,045 ftMay 2016——

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 (121)

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

121 months

May 202608,070106.413.05$24,580
Apr 202607,40498.932.87$21,247
Mar 202607,76389.753.15$24,449
Feb 202606,93463.503.75$26,005
Jan 202608,04959.138.00$64,375
Dec 202508,13656.664.41$35,907
Nov 202507,36258.593.93$28,906
Oct 202507,48759.383.30$24,743
Sep 202506,85962.743.08$21,105
Aug 202507,89363.933.01$23,796
Jul 2025818,07766.743.32$32,183
Jun 202508,06566.483.13$25,233
May 202509,23060.553.23$29,834
Apr 202508,12062.363.54$28,770
Mar 202509,36167.704.27$39,956
Feb 202507,40970.884.34$32,161
Jan 202509,17374.324.28$39,248
Dec 202409,09168.993.12$28,376
Nov 202408,66869.052.20$19,056
Oct 202408,73671.372.28$19,930
Sep 202408,61969.612.36$20,378
Aug 202409,06675.632.06$18,709
Jul 202409,17679.932.15$19,697
Jun 202408,97678.082.63$23,643
May 202409,26678.812.20$20,371
Apr 202409,06084.451.66$15,032
Mar 2024799,57880.301.55$21,143
Feb 202408,85976.091.78$15,801
Jan 202409,85673.023.30$32,502
Dec 202309,90971.262.61$25,870
Nov 202309,67377.892.81$27,158
Oct 20231210,02485.443.09$31,972
Sep 20231339,75289.042.74$38,514
Aug 202309,87580.522.67$26,395
Jul 202309,94474.852.64$26,270
Jun 202309,58468.962.26$21,645
May 2023010,15270.622.23$22,613
Apr 202309,85178.122.24$22,044
Mar 2023010,15472.852.39$24,300
Feb 202309,31175.112.47$22,958
Jan 2023010,46476.533.39$35,449
Dec 2022329,70376.415.73$58,034
Nov 2022010,27285.005.65$57,998
Oct 2022110,72087.185.86$62,947
Sep 20228610,49784.888.16$92,994
Aug 2022010,79394.529.13$98,509
Jul 2022010,685101.587.54$80,587
Jun 2022010,402115.097.98$82,979
May 2022011,047109.378.43$93,160
Apr 2022010,708104.226.84$73,217
Mar 2022011,199108.885.08$56,851
Feb 2022010,23991.054.86$49,750
Jan 2022011,14981.844.54$50,591
Dec 2021011,47571.323.90$44,742
Nov 2021010,82477.435.24$56,684
Oct 202117311,17579.795.71$77,656
Sep 2021010,79869.865.35$57,779
Aug 2021011,42566.024.22$48,220
Jul 2021011,50770.783.98$45,822
Jun 2021011,16669.493.38$37,748
May 2021011,65563.483.02$35,171
Apr 2021011,21160.362.76$30,925
Mar 2021012,45161.302.72$33,829
Feb 2021011,72757.805.55$65,061
Jan 2021012,48750.412.81$35,092
Dec 2020012,47144.642.68$33,366
Nov 2020012,11438.772.71$32,787
Oct 2020112,58236.972.48$31,221
Sep 2020012,12337.091.99$24,137
Aug 2020012,72939.982.39$30,360
Jul 2020012,70738.371.83$23,192
Jun 2020012,32834.901.69$20,838
May 2020012,90916.921.81$23,427
Apr 2020012,66514.751.80$22,852
Mar 2020512,93230.341.86$24,156
Feb 202011212,31549.881.98$29,979
Jan 2020013,08757.252.09$27,414
Dec 2019113,73259.012.30$31,702
Nov 2019213,14455.302.75$36,266
Oct 20193013,60053.472.42$34,496
Sep 2019213,14555.052.66$35,040
Aug 201910713,25053.112.30$36,216
Jul 20196613,77756.272.46$37,606
Jun 2019013,50252.782.49$33,636
May 2019014,20358.482.74$38,921
Apr 2019013,69062.632.75$37,657
Mar 2019014,31956.803.06$43,846
Feb 2019012,90350.852.79$36,028
Jan 2019014,70546.033.23$47,470
Dec 201811514,67046.594.19$66,758
Nov 2018014,10152.934.24$59,749
Oct 2018014,52861.443.40$49,367
Sep 2018014,79559.543.11$45,983
Aug 2018015,31559.403.07$46,964
Jul 201814115,02665.142.93$53,239
Jun 2018015,16260.183.08$46,652
May 2018015,92065.382.90$46,181
Apr 2018015,03563.842.90$43,614
Mar 2018015,66461.222.79$43,653
Feb 2018014,16361.782.77$39,177
Jan 2018016,17162.874.01$64,835
Dec 2017016,04957.272.92$46,887
Nov 2017015,78155.423.12$49,211
Oct 2017016,55349.292.98$49,389
Sep 2017016,56147.523.09$51,128
Aug 201715417,50945.373.00$59,591
Jul 2017017,85943.873.09$55,136
Jun 2017017,18242.493.09$53,046
May 2017018,05945.373.26$58,934
Apr 2017017,70347.933.21$56,855
Mar 2017018,80046.772.98$56,093
Feb 2017017,31950.452.95$51,136
Jan 2017019,48949.413.42$66,629
Dec 2016019,78048.763.72$73,638
Nov 201610519,22342.492.64$55,294
Oct 2016019,71446.193.09$60,921
Sep 2016019,56041.553.10$60,648
Aug 2016020,61841.442.92$60,294
Jul 2016021,11041.622.92$61,733
Jun 2016020,39445.352.69$54,775
May 2016021,68742.521.99$43,180

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                8,070 Mcf  × $  3.05 =    $24,580

────────────────────────────────────────────────────
Month total                                  $24,580

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/280249 is the state's own key, not one this site invented.