GATES RANCH "B"

Operated by WHITE OAK OPERATING COMPANY LLC (P-5 916954) 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 112835District 01Field 16340900CondensateGasSaveExport
Value, all time
$816 k
Jan 1993 – Dec 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
288
no gaps in the span
Streams
2
condensate, 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 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.

StreamBasisVolumeValue
CondensateDisposition456 bbl$21,700
GasProduction121,265 Mcf$794,153
Total$815,853

8,670 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 (288)

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

288 months

Dec 20160048.763.72$0
Nov 20160042.492.64$0
Oct 20160046.193.09$0
Sep 20160041.553.10$0
Aug 20160041.442.92$0
Jul 20160041.622.92$0
Jun 20160045.352.69$0
May 20160042.521.99$0
Apr 20160036.561.99$0
Mar 20160033.011.79$0
Feb 20160026.472.06$0
Jan 20160027.352.36$0
Dec 20150032.362.00$0
Nov 20150038.792.17$0
Oct 20150043.552.43$0
Sep 20150042.992.76$0
Aug 20150040.162.87$0
Jul 20150048.152.95$0
Jun 20150056.152.88$0
May 20150055.212.96$0
Apr 20150049.822.71$0
Mar 20150042.892.93$0
Feb 20150044.662.98$0
Jan 20150043.433.10$0
Dec 20140054.693.59$0
Nov 20140070.464.25$0
Oct 20140078.303.90$0
Sep 20140086.164.05$0
Aug 20140089.394.04$0
Jul 20140096.564.18$0
Jun 20140098.164.74$0
May 20140094.734.73$0
Apr 20140095.944.81$0
Mar 20140095.895.06$0
Feb 20140097.406.19$0
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 20130091.603.42$0
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 20120089.383.40$0
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 20120085.133.02$0
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201200105.052.22$0
Feb 201200101.102.57$0
Jan 20120098.092.73$0
Dec 20110096.873.24$0
Nov 20110095.723.31$0
Oct 20110084.983.65$0
Sep 20110083.623.99$0
Aug 20110083.404.15$0
Jul 20110094.144.52$0
Jun 20110092.904.64$0
May 20110098.134.40$0
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 20110085.644.18$0
Jan 20110086.504.59$0
Dec 20100085.734.35$0
Nov 20100080.843.80$0
Oct 20100078.103.51$0
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100070.364.91$0
May 20100071.124.24$0
Apr 20100081.694.12$0
Mar 20100078.394.39$0
Feb 20100073.585.44$0
Jan 20100074.365.96$0
Dec 20090071.445.48$0
Nov 20090074.593.75$0
Oct 20090072.544.11$0
Sep 20090065.543.06$0
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090066.163.90$0
May 20090054.743.93$0
Apr 20090046.773.59$0
Mar 20090042.144.06$0
Feb 20090032.814.63$0
Jan 20090035.865.37$0
Dec 20080037.105.98$0
Nov 20080055.496.86$0
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200800131.0811.39$0
Jun 200800131.3313.03$0
May 200800123.1711.57$0
Apr 200800110.3110.45$0
Mar 200800101.909.66$0
Feb 20080092.538.77$0
Jan 20080090.388.21$0
Dec 20070088.337.30$0
Nov 20070091.677.29$0
Oct 20070082.856.92$0
Sep 20070075.846.24$0
Aug 20070069.066.39$0
Jul 20070070.906.39$0
Jun 20070062.007.55$0
May 20070058.747.85$0
Apr 20070059.617.81$0
Mar 20070056.927.30$0
Feb 20070055.108.22$0
Jan 20070050.306.73$0
Dec 20060056.656.92$0
Nov 20060054.207.62$0
Oct 20060054.906.01$0
Sep 20060060.085.04$0
Aug 20060068.717.34$0
Jul 20060069.376.34$0
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 20060056.707.08$0
Feb 20060057.597.75$0
Jan 20060060.598.93$0
Dec 20050054.9413.42$0
Nov 20050054.6910.59$0
Oct 200520058.3413.80$1,167
Sep 2005155,21161.4512.08$63,865
Aug 2005146,87161.519.80$68,175
Jul 2005124,04955.697.84$32,427
Jun 2005166,30352.337.38$47,360
May 20053710,15645.226.65$69,222
Apr 20056313,70949.207.36$104,004
Mar 20057919,17050.377.15$141,138
Feb 20056919,86345.226.31$128,494
Jan 200512017,87843.166.32$118,207
Dec 200403,22839.866.75$21,792
Nov 20040945.286.33$57
Oct 200401549.706.52$98
Sep 200401243.245.28$63
Aug 200401342.375.55$72
Jul 200401338.286.08$79
Jun 200401236.106.43$77
May 200401237.486.49$78
Apr 200401434.475.86$82
Mar 200401334.365.53$72
Feb 200401632.455.51$88
Jan 200404732.036.30$296
Dec 200304730.266.30$296
Nov 200305028.804.60$230
Oct 200306128.174.76$290
Sep 200305726.314.75$271
Aug 200305629.765.13$287
Jul 200304729.415.17$243
Jun 200304128.565.98$245
May 200304026.595.97$239
Apr 200304126.675.41$222
Mar 200307731.146.10$469
Feb 200307133.487.93$563
Jan 200306830.315.58$380
Dec 200208026.914.85$388
Nov 200207524.664.14$310
Oct 200207326.464.23$309
Sep 200207127.443.64$258
Aug 200207625.963.16$240
Jul 200207324.583.06$224
Jun 200206823.733.34$227
May 200206224.663.58$222
Apr 200206923.653.51$242
Mar 200205622.003.10$174
Feb 200205918.222.38$140
Jan 200204117.172.38$97
Dec 200103716.932.36$87
Nov 200103818.072.41$91
Oct 200107419.782.53$187
Sep 200108024.262.25$180
Aug 200102724.873.05$82
Jul 200104023.933.20$128
Jun 200106424.563.82$245
May 200103625.524.31$155
Apr 200101624.685.34$85
Mar 200105924.545.38$317
Feb 200104227.755.77$242
Jan 200104827.478.40$403
Dec 200005426.889.12$493
Nov 200004732.215.66$266
Oct 200005431.235.15$278
Sep 200003031.875.19$156
Aug 200002329.644.54$104
Jul 200002928.534.09$119
Jun 200003229.304.40$141
May 200001927.263.68$70
Apr 200002024.513.12$62
Mar 200003828.422.86$109
Feb 200002027.622.73$55
Jan 200001925.272.48$47
Dec 199901124.282.42$27
Nov 199902023.192.43$49
Oct 199901220.982.80$34
Sep 199902821.752.62$73
Aug 199902919.262.88$83
Jul 199903817.892.37$90
Jun 199906915.942.36$163
May 199904815.792.32$111
Apr 1999016115.102.21$356
Mar 1999010712.471.84$197
Feb 199901819.981.82$329
Jan 1999013210.381.90$251
Dec 199802569.201.77$454
Nov 1998031910.892.19$697
Oct 1998029212.421.97$575
Sep 1998012312.592.08$256
Aug 1998015711.301.91$299
Jul 1998011911.742.24$266
Jun 1998011311.242.24$253
May 1998012712.622.21$280
Apr 1998010513.042.51$263
Mar 199805712.802.31$132
Feb 199804513.952.30$103
Jan 199809814.702.15$211
Dec 199709216.322.41$222
Nov 1997021718.193.09$670
Oct 199707119.253.15$224
Sep 199704217.742.95$124
Aug 199709617.862.55$245
Jul 199707017.582.25$157
Jun 199708117.242.26$183
May 199704118.972.31$95
Apr 199703917.882.08$81
Mar 199704318.951.94$83
Feb 199703620.492.21$79
Jan 1997010123.483.54$358
Dec 1996012223.32$0
Nov 1996024021.97$0
Oct 1996018023.31$0
Sep 199605422.22$0
Aug 199605720.26$0
Jul 199604319.55$0
Jun 1996010718.73$0
May 1996018219.43$0
Apr 1996017421.51$0
Mar 1996013919.38$0
Feb 199606416.98$0
Jan 199604617.07$0
Dec 1995018317.19$0
Nov 1995022416.00$0
Oct 1995036715.43$0
Sep 1995026316.18$0
Aug 199503615.92$0
Jul 1995024115.24$0
Jun 1995040616.41$0
May 1995040817.56$0
Apr 1995022717.73$0
Mar 1995024616.44$0
Feb 1995024516.58$0
Jan 1995026115.92$0
Dec 1994024715.03$0
Nov 1994024415.90$0
Oct 1994026115.58$0
Sep 1994014815.29$0
Aug 1994011516.13$0
Jul 199404117.56$0
Jun 1994013417.09$0
May 1994013715.88$0
Apr 199403114.14$0
Mar 199404612.46$0
Feb 199402912.50$0
Jan 1994015012.66$0
Dec 1993015512.33$0
Nov 1993010014.49$0
Oct 199308415.85$0
Sep 199306315.03$0
Aug 1993010715.66$0
Jul 1993014915.46$0
Jun 1993014016.79$0
May 1993117917.68$18
Apr 1993217318.05$36
Mar 1993223718.14$36
Feb 1993210717.90$36
Jan 199341,07816.93$68

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 2005 — as filed, then multipliedworked
Condensate            20 bbl  × $ 58.34 =     $1,167
Gas                    0 Mcf  × $ 13.80 =         $0

────────────────────────────────────────────────────
Month total                                   $1,167

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/112835 is the state's own key, not one this site invented.