PETTY, O. S.

Name: PETTY, O. S. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KERNS O & G, INC. (P-5 457700) in the CATARINA, SW. (SAN MIGUEL-GAS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 101584District 01Field 16340900CondensateGasSave Export

Value, all time

$273 k

Jan 1993 – Dec 2002

Value, last 12 filed months

$41 k

at the published price for each month

Months reported

120

no gaps in the span

Streams

condensate, gas

The CATARINA, SW. (SAN MIGUEL-GAS) 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 120 leases and 120 wells, and the rule below applies to all of them.

Discovered

1978-05-01

as the register files it

Field class

Gas

the register's own label

Between wells

1,200 ft

minimum

From a lease line

467 ft

minimum

A drilling unit in this field needs at least 80 acres. The field rule took effect on 1979-05-21.

The Commission's schedule remark for this field reads: “KERNS O&G, INC. EFFECTIVE APRIL 1, 1997.”

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.

Stream	Basis	Volume	Value
Condensate	Disposition	5,738 bbl	$108,100
Gas	Production	113,486 Mcf	$164,987
Total			$273,087

61,078 Mcf of this lease's gas, across 48 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Every month this lease reported (120)

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

120 months


Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	10	0	26.46	4.23	$265
Sep 2002	34	437	27.44	3.64	$2,522
Aug 2002	72	1,119	25.96	3.16	$5,410
Jul 2002	71	1,051	24.58	3.06	$4,963
Jun 2002	61	1,044	23.73	3.34	$4,933
May 2002	55	1,028	24.66	3.58	$5,041
Apr 2002	95	1,238	23.65	3.51	$6,595
Mar 2002	115	1,550	22.00	3.10	$7,339
Feb 2002	81	880	18.22	2.38	$3,566
Jan 2002	0	0	17.17	2.38	$0
Dec 2001	0	0	16.93	2.36	$0
Nov 2001	1	0	18.07	2.41	$18
Oct 2001	12	61	19.78	2.53	$392
Sep 2001	33	428	24.26	2.25	$1,764
Aug 2001	70	1,060	24.87	3.05	$4,977
Jul 2001	57	872	23.93	3.20	$4,152
Jun 2001	30	430	24.56	3.82	$2,381
May 2001	3	20	25.52	4.31	$163
Apr 2001	13	57	24.68	5.34	$625
Mar 2001	67	679	24.54	5.38	$5,295
Feb 2001	90	754	27.75	5.77	$6,846
Jan 2001	118	924	27.47	8.40	$11,002
Dec 2000	89	1,030	26.88	9.12	$11,789
Nov 2000	60	790	32.21	5.66	$6,402
Oct 2000	61	801	31.23	5.15	$6,027
Sep 2000	55	929	31.87	5.19	$6,571
Aug 2000	70	935	29.64	4.54	$6,320
Jul 2000	67	908	28.53	4.09	$5,625
Jun 2000	10	665	29.30	4.40	$3,217
May 2000	18	790	27.26	3.68	$3,398
Apr 2000	19	971	24.51	3.12	$3,491
Mar 2000	25	918	28.42	2.86	$3,336
Feb 2000	21	865	27.62	2.73	$2,938
Jan 2000	16	792	25.27	2.48	$2,369
Dec 1999	9	577	24.28	2.42	$1,617
Nov 1999	12	799	23.19	2.43	$2,223
Oct 1999	9	698	20.98	2.80	$2,146
Sep 1999	11	817	21.75	2.62	$2,379
Aug 1999	13	1,019	19.26	2.88	$3,181
Jul 1999	8	449	17.89	2.37	$1,208
Jun 1999	10	826	15.94	2.36	$2,110
May 1999	13	985	15.79	2.32	$2,491
Apr 1999	12	926	15.10	2.21	$2,226
Mar 1999	13	773	12.47	1.84	$1,583
Feb 1999	7	341	9.98	1.82	$690
Jan 1999	17	1,022	10.38	1.90	$2,118
Dec 1998	15	799	9.20	1.77	$1,555
Nov 1998	18	860	10.89	2.19	$2,076
Oct 1998	19	879	12.42	1.97	$1,967
Sep 1998	19	865	12.59	2.08	$2,041
Aug 1998	16	862	11.30	1.91	$1,825
Jul 1998	18	981	11.74	2.24	$2,406
Jun 1998	6	827	11.24	2.24	$1,918
May 1998	8	837	12.62	2.21	$1,948
Apr 1998	6	800	13.04	2.51	$2,083
Mar 1998	8	804	12.80	2.31	$1,959
Feb 1998	7	708	13.95	2.30	$1,725
Jan 1998	8	652	14.70	2.15	$1,523
Dec 1997	7	537	16.32	2.41	$1,409
Nov 1997	11	703	18.19	3.09	$2,371
Oct 1997	11	806	19.25	3.15	$2,751
Sep 1997	10	827	17.74	2.95	$2,621
Aug 1997	12	881	17.86	2.55	$2,465
Jul 1997	14	929	17.58	2.25	$2,334
Jun 1997	10	741	17.24	2.26	$1,845
May 1997	17	751	18.97	2.31	$2,056
Apr 1997	16	687	17.88	2.08	$1,717
Mar 1997	21	866	18.95	1.94	$2,077
Feb 1997	16	768	20.49	2.21	$2,022
Jan 1997	13	780	23.48	3.54	$3,066
Dec 1996	15	812	23.32	—	$350
Nov 1996	9	803	21.97	—	$198
Oct 1996	16	1,039	23.31	—	$373
Sep 1996	12	725	22.22	—	$267
Aug 1996	19	1,012	20.26	—	$385
Jul 1996	17	1,084	19.55	—	$332
Jun 1996	31	1,103	18.73	—	$581
May 1996	104	1,200	19.43	—	$2,021
Apr 1996	109	1,145	21.51	—	$2,345
Mar 1996	112	1,308	19.38	—	$2,171
Feb 1996	91	1,398	16.98	—	$1,545
Jan 1996	9	150	17.07	—	$154
Dec 1995	15	157	17.19	—	$258
Nov 1995	12	125	16.00	—	$192
Oct 1995	17	223	15.43	—	$262
Sep 1995	54	993	16.18	—	$874
Aug 1995	34	1,086	15.92	—	$541
Jul 1995	53	933	15.24	—	$808
Jun 1995	48	1,074	16.41	—	$788
May 1995	49	1,150	17.56	—	$860
Apr 1995	58	1,012	17.73	—	$1,028
Mar 1995	73	1,174	16.44	—	$1,200
Feb 1995	62	1,013	16.58	—	$1,028
Jan 1995	64	1,224	15.92	—	$1,019
Dec 1994	88	1,225	15.03	—	$1,323
Nov 1994	59	1,280	15.90	—	$938
Oct 1994	34	599	15.58	—	$530
Sep 1994	53	1,209	15.29	—	$810
Aug 1994	59	1,371	16.13	—	$952
Jul 1994	74	1,255	17.56	—	$1,299
Jun 1994	120	2,308	17.09	—	$2,051
May 1994	137	2,329	15.88	—	$2,176
Apr 1994	117	1,812	14.14	—	$1,654
Mar 1994	141	1,544	12.46	—	$1,757
Feb 1994	208	1,293	12.50	—	$2,600
Jan 1994	173	1,611	12.66	—	$2,190
Dec 1993	135	1,726	12.33	—	$1,665
Nov 1993	143	1,497	14.49	—	$2,072
Oct 1993	119	1,778	15.85	—	$1,886
Sep 1993	114	1,948	15.03	—	$1,713
Aug 1993	103	1,834	15.66	—	$1,613
Jul 1993	105	1,892	15.46	—	$1,623
Jun 1993	82	1,442	16.79	—	$1,377
May 1993	121	1,919	17.68	—	$2,139
Apr 1993	120	1,836	18.05	—	$2,166
Mar 1993	129	2,178	18.14	—	$2,340
Feb 1993	95	1,871	17.90	—	$1,701
Jan 1993	87	1,378	16.93	—	$1,473

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.

Oct 2002 — as filed, then multipliedworked

Condensate            10 bbl  × $ 26.46 =       $265
Gas                    0 Mcf  × $  4.23 =         $0

────────────────────────────────────────────────────
Month total                                     $265

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. 01/G/101584 is the state's own key, not one this site invented.