GRINDSTONE

Operated by CASE RESOURCES, LLC (P-5 139140) 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.

Oil lease lease 33204District 09Field 65280200OilCasinghead gasSaveExport
Value, all time
$453 k
May 2014 – May 2026
Value, last 12 filed months
$581
at the published price for each month
Months reported
145
no gaps in the span
Streams
2
oil, casinghead 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
OilDisposition1,826 bbl$89,014
Casinghead gasProduction124,422 Mcf$363,719
Total$452,734

Every month this lease reported (145)

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

145 months

May 202600106.413.05$0
Apr 202601198.932.87$32
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 202601259.138.00$96
Dec 202501456.664.41$62
Nov 202501458.593.93$55
Oct 202502459.383.30$79
Sep 202501962.743.08$58
Aug 202502363.933.01$69
Jul 202502266.743.32$73
Jun 202501866.483.13$56
May 202503160.553.23$100
Apr 202501262.363.54$43
Mar 202502167.704.27$90
Feb 202501670.884.34$69
Jan 202502274.324.28$94
Dec 202402168.993.12$66
Nov 202402369.052.20$51
Oct 202403971.372.28$89
Sep 202404769.612.36$111
Aug 202404675.632.06$95
Jul 202404479.932.15$94
Jun 202403678.082.63$95
May 202404778.812.20$103
Apr 202406284.451.66$103
Mar 202406080.301.55$93
Feb 202409276.091.78$164
Jan 202403073.023.30$99
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 20230076.533.39$0
Dec 20220076.415.73$0
Nov 20220085.005.65$0
Oct 20220087.185.86$0
Sep 20220084.888.16$0
Aug 20220094.529.13$0
Jul 202200101.587.54$0
Jun 202200115.097.98$0
May 202200109.378.43$0
Apr 202200104.226.84$0
Mar 202200108.885.08$0
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 20210079.795.71$0
Sep 20210069.865.35$0
Aug 20210066.024.22$0
Jul 20210070.783.98$0
Jun 20210069.493.38$0
May 20210063.483.02$0
Apr 20210060.362.76$0
Mar 20210061.302.72$0
Feb 20210057.805.55$0
Jan 20210050.412.81$0
Dec 202003644.642.68$96
Nov 202004538.772.71$122
Oct 20200736.972.48$17
Sep 202005937.091.99$117
Aug 202006239.982.39$148
Jul 202005938.371.83$108
Jun 202005834.901.69$98
May 202005316.921.81$96
Apr 202006214.751.80$112
Mar 202005630.341.86$104
Feb 202003949.881.98$77
Jan 202005157.252.09$107
Dec 201904859.012.30$111
Nov 201905055.302.75$138
Oct 201906653.472.42$160
Sep 201906855.052.66$181
Aug 201907253.112.30$166
Jul 201905056.272.46$123
Jun 201903752.782.49$92
May 201903658.482.74$99
Apr 20190062.632.75$0
Mar 201907356.803.06$224
Feb 2019027150.852.79$757
Jan 2019010146.033.23$326
Dec 201808146.594.19$339
Nov 2018011052.934.24$466
Oct 2018018061.443.40$612
Sep 2018024059.543.11$746
Aug 2018024359.403.07$745
Jul 2018035965.142.93$1,053
Jun 2018085960.183.08$2,643
May 2018023465.382.90$679
Apr 2018025463.842.90$737
Mar 2018031361.222.79$872
Feb 2018030861.782.77$852
Jan 2018036162.874.01$1,447
Dec 2017038257.272.92$1,116
Nov 2017040255.423.12$1,254
Oct 2017054549.292.98$1,626
Sep 2017048047.523.09$1,482
Aug 2017053745.373.00$1,613
Jul 2017060243.873.09$1,859
Jun 2017069442.493.09$2,143
May 2017086045.373.26$2,807
Apr 201701,25447.933.21$4,027
Mar 201701,07946.772.98$3,219
Feb 2017089350.452.95$2,637
Jan 2017096849.413.42$3,309
Dec 201601,00248.763.72$3,730
Nov 2016096842.492.64$2,560
Oct 2016083346.193.09$2,574
Sep 201601,06841.553.10$3,311
Aug 201601,59941.442.92$4,676
Jul 201602,23641.622.92$6,539
Jun 201602,15345.352.69$5,783
May 20161683,15842.521.99$13,431
Apr 201603,50436.561.99$6,977
Mar 201604,38333.011.79$7,863
Feb 20161694,99526.472.06$14,781
Jan 201606,45527.352.36$15,262
Dec 20151715,08232.362.00$15,705
Nov 201502,81838.792.17$6,108
Oct 201504,65143.552.43$11,286
Sep 201504,63942.992.76$12,796
Aug 20151685,38340.162.87$22,209
Jul 201504,34048.152.95$12,782
Jun 201523,05656.152.88$8,922
May 2015954,03055.212.96$17,155
Apr 20151665,55149.822.71$23,294
Mar 201546,73142.892.93$19,925
Feb 20151693,71144.662.98$18,592
Jan 20151853,94543.433.10$20,267
Dec 20141844,35954.693.59$25,718
Nov 20141714,11970.464.25$29,562
Oct 20141744,53678.303.90$31,319
Sep 201404,24286.164.05$17,161
Aug 201401,05989.394.04$4,273
Jul 201401,75096.564.18$7,314
Jun 201401,85898.164.74$8,801
May 201401,70594.734.73$8,059

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.

Apr 2026 — as filed, then multipliedworked
Oil                    0 bbl  × $ 98.93 =         $0
Casinghead gas        11 Mcf  × $  2.87 =        $32

────────────────────────────────────────────────────
Month total                                      $32

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/O/33204 is the state's own key, not one this site invented.