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MAXWELL

Operated by BEST PETROLEUM EXPLORATIONS,INC. (P-5 68287) 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 282037District 09Field 65280200GasSaveExport
Value, all time
$83 k
Apr 2017 – May 2026
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
110
no gaps in the span
Streams
1
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”

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
GasProduction25,650 Mcf$82,531
Total$82,531

Every month this lease reported (110)

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

110 months

May 202668106.413.05$207
Apr 20265198.932.87$146
Mar 20267189.753.15$224
Feb 20264963.503.75$184
Jan 20266359.138.00$504
Dec 20255956.664.41$260
Nov 20256258.593.93$243
Oct 20256459.383.30$212
Sep 20256562.743.08$200
Aug 20256463.933.01$193
Jul 20256266.743.32$206
Jun 20256366.483.13$197
May 20256060.553.23$194
Apr 20257762.363.54$273
Mar 20256167.704.27$260
Feb 20256370.884.34$273
Jan 20259774.324.28$415
Dec 20247168.993.12$222
Nov 20246469.052.20$141
Oct 20249371.372.28$212
Sep 20248269.612.36$194
Aug 20249175.632.06$188
Jul 20249779.932.15$208
Jun 20249778.082.63$256
May 202410378.812.20$226
Apr 202410384.451.66$171
Mar 202410580.301.55$162
Feb 20249676.091.78$171
Jan 202410573.023.30$346
Dec 202311571.262.61$300
Nov 202311977.892.81$334
Oct 202312785.443.09$392
Sep 202313089.042.74$356
Aug 202314180.522.67$377
Jul 202315074.852.64$396
Jun 202314768.962.26$332
May 202315870.622.23$352
Apr 202315978.122.24$356
Mar 202316372.852.39$390
Feb 202315275.112.47$375
Jan 202316776.533.39$566
Dec 202216876.415.73$962
Nov 202216385.005.65$920
Oct 202217287.185.86$1,009
Sep 202217184.888.16$1,396
Aug 202217694.529.13$1,606
Jul 2022175101.587.54$1,320
Jun 2022168115.097.98$1,340
May 2022175109.378.43$1,476
Apr 2022164104.226.84$1,121
Mar 2022167108.885.08$848
Feb 202214691.054.86$709
Jan 202215681.844.54$708
Dec 202116071.323.90$624
Nov 202116377.435.24$854
Oct 202117179.795.71$977
Sep 202117669.865.35$942
Aug 202119866.024.22$836
Jul 202121370.783.98$848
Jun 202122269.493.38$751
May 202124663.483.02$742
Apr 202126460.362.76$728
Mar 202129661.302.72$804
Feb 202127157.805.55$1,503
Jan 202131550.412.81$885
Dec 202033544.642.68$896
Nov 202032838.772.71$888
Oct 202035236.972.48$872
Sep 202039037.091.99$777
Aug 202041339.982.39$985
Jul 202035038.371.83$639
Jun 202031634.901.69$534
May 202031816.921.81$577
Apr 202031714.751.80$572
Mar 202033930.341.86$629
Feb 202032649.881.98$646
Jan 202036357.252.09$760
Dec 201938359.012.30$883
Nov 201938355.302.75$1,054
Oct 201939953.472.42$965
Sep 201937955.052.66$1,007
Aug 201939153.112.30$901
Jul 201939256.272.46$964
Jun 201937652.782.49$937
May 201938458.482.74$1,052
Apr 201938862.632.75$1,067
Mar 201940256.803.06$1,231
Feb 201936450.852.79$1,016
Jan 201939746.033.23$1,282
Dec 201838046.594.19$1,590
Nov 201835352.934.24$1,496
Oct 201837561.443.40$1,274
Sep 201836959.543.11$1,147
Aug 201838359.403.07$1,174
Jul 201838365.142.93$1,123
Jun 201837460.183.08$1,151
May 201839665.382.90$1,149
Apr 201840463.842.90$1,172
Mar 201841861.222.79$1,165
Feb 201836461.782.77$1,007
Jan 201840162.874.01$1,608
Dec 201740157.272.92$1,172
Nov 201737955.423.12$1,182
Oct 201740449.292.98$1,205
Sep 201741547.523.09$1,281
Aug 201741945.373.00$1,259
Jul 201737543.873.09$1,158
Jun 201740942.493.09$1,263
May 201743445.373.26$1,416
Apr 201739947.933.21$1,281

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                   68 Mcf  × $  3.05 =       $207

────────────────────────────────────────────────────
Month total                                     $207

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/282037 is the state's own key, not one this site invented.