PETTY, O. S.

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 114012District 01Field 16340900CondensateGasSaveExport
Value, all time
$1.5 M
Jan 1993 – Aug 2017
Value, last 12 filed months
$0
at the published price for each month
Months reported
296
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
CondensateDisposition13,971 bbl$277,512
GasProduction515,309 Mcf$1,193,756
Total$1,471,268

212,964 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 (296)

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

296 months

Aug 20170045.373.00$0
Jul 20170043.873.09$0
Jun 20170042.493.09$0
May 20170045.373.26$0
Apr 20170047.933.21$0
Mar 20170046.772.98$0
Feb 20170050.452.95$0
Jan 20170049.413.42$0
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 201623526.472.06$125
Jan 2016617127.352.36$568
Dec 2015438432.362.00$898
Nov 20151135438.792.17$1,194
Oct 2015046843.552.43$1,136
Sep 2015544442.992.76$1,440
Aug 2015441240.162.87$1,344
Jul 2015436348.152.95$1,262
Jun 2015740556.152.88$1,561
May 2015336755.212.96$1,250
Apr 2015335249.822.71$1,102
Mar 2015429342.892.93$1,031
Feb 2015538344.662.98$1,363
Jan 2015028643.433.10$887
Dec 201401954.693.59$68
Nov 201401870.464.25$77
Oct 2014113978.303.90$621
Sep 2014113886.164.05$644
Aug 2014314389.394.04$845
Jul 2014112796.564.18$627
Jun 2014111798.164.74$652
May 2014115494.734.73$823
Apr 2014315895.944.81$1,048
Mar 2014316695.895.06$1,127
Feb 2014515697.406.19$1,453
Jan 2014220990.404.86$1,197
Dec 2013219591.824.35$1,033
Nov 2013219688.853.74$910
Oct 2013019297.423.78$726
Sep 20132279104.113.72$1,245
Aug 20130305104.253.52$1,074
Jul 20131202102.523.72$854
Jun 2013016794.403.93$657
May 2013214594.834.15$791
Apr 2013014793.964.28$630
Mar 2013113993.623.91$638
Feb 2013315691.233.42$807
Jan 2013844691.603.42$2,258
Dec 2012650986.773.42$2,261
Nov 2012772386.953.62$3,230
Oct 201261,00589.383.40$3,953
Sep 2012144394.672.92$1,388
Aug 2012549492.662.91$1,900
Jul 2012244285.133.02$1,505
Jun 2012438579.822.52$1,289
May 2012442891.612.49$1,431
Apr 20120537101.652.00$1,072
Mar 20122531105.052.22$1,390
Feb 20122100101.102.57$459
Jan 2012112398.092.73$434
Dec 2011012396.873.24$398
Nov 201145895.723.31$575
Oct 2011720184.983.65$1,328
Sep 2011259983.623.99$2,555
Aug 2011213483.404.15$723
Jul 2011126994.144.52$1,309
Jun 2011463192.904.64$3,299
May 2011026698.134.40$1,172
Apr 20110236105.964.33$1,023
Mar 2011028096.364.06$1,136
Feb 2011032485.644.18$1,354
Jan 2011033086.504.59$1,514
Dec 2010039185.734.35$1,700
Nov 2010034880.843.80$1,321
Oct 2010034278.103.51$1,200
Sep 2010031772.633.98$1,261
Aug 2010015673.684.42$689
Jul 2010025272.554.74$1,194
Jun 201004070.364.91$196
May 201003471.124.24$144
Apr 201003581.694.12$144
Mar 201003578.394.39$154
Feb 201003073.585.44$163
Jan 201003574.365.96$209
Dec 200903371.445.48$181
Nov 200903274.593.75$120
Oct 200904472.544.11$181
Sep 200907265.543.06$221
Aug 200905067.423.22$161
Jul 200908861.133.46$305
Jun 200901966.163.90$74
May 200901754.743.93$67
Apr 200905146.773.59$183
Mar 200902042.144.06$81
Feb 200903032.814.63$139
Jan 200906435.865.37$344
Dec 200809137.105.98$544
Nov 2008013755.496.86$940
Oct 2008023675.246.92$1,634
Sep 20080263101.767.88$2,072
Aug 20080406114.228.48$3,444
Jul 20080523131.0811.39$5,957
Jun 20082609131.3313.03$8,200
May 20080399123.1711.57$4,618
Apr 20080230110.3110.45$2,405
Mar 20080420101.909.66$4,059
Feb 2008047792.538.77$4,184
Jan 2008057090.388.21$4,677
Dec 2007051188.337.30$3,731
Nov 2007054591.677.29$3,974
Oct 2007059582.856.92$4,119
Sep 2007072375.846.24$4,515
Aug 2007068469.066.39$4,369
Jul 2007070570.906.39$4,504
Jun 2007066662.007.55$5,027
May 2007072658.747.85$5,696
Apr 2007084159.617.81$6,564
Mar 2007087456.927.30$6,382
Feb 2007086755.108.22$7,123
Jan 2007081550.306.73$5,482
Dec 2006098656.656.92$6,822
Nov 2006093054.207.62$7,084
Oct 2006191054.906.01$5,527
Sep 2006184560.085.04$4,317
Aug 2006396468.717.34$7,282
Jul 2006899969.376.34$6,891
Jun 20063091666.286.38$7,836
May 2006371,08266.016.42$9,394
Apr 20063362364.397.36$6,710
Mar 2006431,07256.707.08$10,031
Feb 20062685457.597.75$8,117
Jan 2006221,03260.598.93$10,552
Dec 2005471,16254.9413.42$18,171
Nov 2005281,02154.6910.59$12,342
Oct 2005521,23458.3413.80$20,058
Sep 2005391,13461.4512.08$16,094
Aug 2005441,19361.519.80$14,394
Jul 2005451,24455.697.84$12,264
Jun 2005281,40252.337.38$11,813
May 2005321,48745.226.65$11,337
Apr 2005211,13449.207.36$9,380
Mar 200501,38150.377.15$9,881
Feb 200501,36445.226.31$8,609
Jan 200501,84843.166.32$11,683
Dec 200401,85739.866.75$12,537
Nov 200401,92945.286.33$12,211
Oct 200401,71049.706.52$11,141
Sep 200401,59943.245.28$8,449
Aug 200401,28942.375.55$7,155
Jul 200401,61638.286.08$9,832
Jun 200401,16436.106.43$7,488
May 200401,42437.486.49$9,248
Apr 200401,19534.475.86$7,001
Mar 200401,16434.365.53$6,437
Feb 200401,19232.455.51$6,567
Jan 200401,16932.036.30$7,364
Dec 2003082030.266.30$5,167
Nov 200301,24128.804.60$5,703
Oct 2003094028.174.76$4,474
Sep 2003079526.314.75$3,776
Aug 2003097929.765.13$5,022
Jul 2003086529.415.17$4,473
Jun 2003096728.565.98$5,786
May 2003094926.595.97$5,668
Apr 2003099626.675.41$5,386
Mar 2003097831.146.10$5,962
Feb 200301,13233.487.93$8,972
Jan 200301,23330.315.58$6,883
Dec 200201,54526.914.85$7,499
Nov 200201,48724.664.14$6,152
Oct 200201,48526.464.23$6,280
Sep 200201,52227.443.64$5,533
Aug 200201,34325.963.16$4,249
Jul 200201,51624.583.06$4,642
Jun 200201,59223.733.34$5,314
May 200201,17624.663.58$4,215
Apr 200201,35823.653.51$4,770
Mar 200201,75322.003.10$5,439
Feb 200201,52918.222.38$3,632
Jan 200201,39817.172.38$3,321
Dec 200111,79516.932.36$4,261
Nov 200141,56718.072.41$3,842
Oct 2001501,49419.782.53$4,767
Sep 2001371,52524.262.25$4,331
Aug 2001401,63524.873.05$5,987
Jul 2001431,61023.933.20$6,176
Jun 2001461,67824.563.82$7,547
May 2001241,74625.524.31$8,133
Apr 2001481,87124.685.34$11,167
Mar 2001412,16024.545.38$12,619
Feb 2001451,87827.755.77$12,079
Jan 2001672,44027.478.40$22,333
Dec 2000892,66026.889.12$26,658
Nov 2000682,35932.215.66$15,538
Oct 2000682,42731.235.15$14,612
Sep 2000572,48331.875.19$14,695
Aug 2000822,72129.644.54$14,786
Jul 2000942,74228.534.09$13,896
Jun 2000482,39129.304.40$11,920
May 2000852,56327.263.68$11,748
Apr 2000883,10724.513.12$11,838
Mar 20001213,06028.422.86$12,190
Feb 20001122,98727.622.73$11,238
Jan 20001113,36725.272.48$11,157
Dec 1999973,14124.282.42$9,968
Nov 1999993,06823.192.43$9,763
Oct 1999833,41520.982.80$11,316
Sep 1999842,99321.752.62$9,665
Aug 1999983,26619.262.88$11,279
Jul 19991013,27217.892.37$9,569
Jun 1999723,13615.942.36$8,555
May 1999873,41215.792.32$9,293
Apr 1999893,41815.102.21$8,891
Mar 19991253,51212.471.84$8,015
Feb 1999802,6459.981.82$5,606
Jan 19991053,08710.381.90$6,955
Dec 1998982,7979.201.77$5,862
Nov 19981062,43610.892.19$6,479
Oct 19981182,71112.421.97$6,804
Sep 19981383,20112.592.08$8,404
Aug 19981283,68811.301.91$8,481
Jul 19981453,98311.742.24$10,613
Jun 1998513,58211.242.24$8,587
May 1998764,41612.622.21$10,702
Apr 1998704,31713.042.51$11,728
Mar 1998975,00212.802.31$12,793
Feb 1998934,69213.952.30$12,085
Jan 19981125,29914.702.15$13,065
Dec 19971375,28316.322.41$14,974
Nov 19971605,27218.193.09$19,192
Oct 19971565,26719.253.15$19,593
Sep 19971195,01817.742.95$16,939
Aug 19971595,40417.862.55$16,646
Jul 19971725,33017.582.25$15,000
Jun 19971274,55517.242.26$12,471
May 19972154,65218.972.31$14,818
Apr 19971824,18217.882.08$11,964
Mar 19971983,80518.951.94$11,131
Feb 19971603,56620.492.21$11,145
Jan 19971354,08323.483.54$17,622
Dec 19961564,34423.32$3,638
Nov 1996934,29121.97$2,043
Oct 19961384,63023.31$3,217
Sep 1996842,78822.22$1,866
Aug 19961594,25820.26$3,221
Jul 19961214,79619.55$2,366
Jun 19961102,68418.73$2,060
May 1996473,49519.43$913
Apr 1996493,47521.51$1,054
Mar 1996503,58619.38$969
Feb 1996573,45816.98$968
Jan 1996514,04817.07$871
Dec 19952624,25317.19$4,504
Nov 19951654,23516.00$2,640
Oct 19951264,44015.43$1,944
Sep 19951714,40616.18$2,767
Aug 19951014,54715.92$1,608
Jul 19951544,42215.24$2,347
Jun 19951194,41216.41$1,953
May 19951204,46217.56$2,107
Apr 19951534,53217.73$2,713
Mar 19951854,87816.44$3,041
Feb 19951554,33216.58$2,570
Jan 19951524,76615.92$2,420
Dec 19942174,55315.03$3,262
Nov 19941974,56315.90$3,132
Oct 19941644,71215.58$2,555
Sep 19941604,57215.29$2,446
Aug 19941644,92016.13$2,645
Jul 19941764,81217.56$3,091
Jun 19942114,79917.09$3,606
May 19942484,84215.88$3,938
Apr 19942424,41814.14$3,422
Mar 19942954,77412.46$3,676
Feb 19942554,01012.50$3,188
Jan 19942114,94112.66$2,671
Dec 19931684,31212.33$2,071
Nov 19931783,81614.49$2,579
Oct 19931444,22615.85$2,282
Sep 19931454,67615.03$2,179
Aug 19931444,92715.66$2,255
Jul 19931555,09415.46$2,396
Jun 19931515,00316.79$2,535
May 19931865,05317.68$3,288
Apr 19931885,02718.05$3,393
Mar 19931885,16118.14$3,410
Feb 19931604,88917.90$2,864
Jan 19932035,32616.93$3,437

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.

Feb 2016 — as filed, then multipliedworked
Condensate             2 bbl  × $ 26.47 =        $53
Gas                   35 Mcf  × $  2.06 =        $72

────────────────────────────────────────────────────
Month total                                     $125

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/114012 is the state's own key, not one this site invented.