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 114262District 01Field 16340900CondensateGasSaveExport
Value, all time
$867 k
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
CondensateDisposition7,406 bbl$151,983
GasProduction248,156 Mcf$715,218
Total$867,202

86,534 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 201649026.472.06$292
Jan 2016631327.352.36$904
Dec 2015225832.362.00$581
Nov 2015513638.792.17$489
Oct 2015020143.552.43$488
Sep 2015429142.992.76$975
Aug 2015436740.162.87$1,215
Jul 2015438548.152.95$1,326
Jun 2015835956.152.88$1,484
May 2015535855.212.96$1,334
Apr 2015551049.822.71$1,629
Mar 2015649642.892.93$1,713
Feb 2015858044.662.98$2,083
Jan 2015033143.433.10$1,026
Dec 201402454.693.59$86
Nov 201406270.464.25$264
Oct 2014331178.303.90$1,448
Sep 2014330686.164.05$1,496
Aug 2014631989.394.04$1,824
Jul 2014331696.564.18$1,610
Jun 2014324298.164.74$1,441
May 2014331694.734.73$1,778
Apr 2014839495.944.81$2,662
Mar 20141047295.895.06$3,346
Feb 20141554297.406.19$4,817
Jan 2014554590.404.86$3,101
Dec 2013463791.824.35$3,141
Nov 2013447188.853.74$2,116
Oct 2013040997.423.78$1,546
Sep 20134461104.113.72$2,130
Aug 20130472104.253.52$1,663
Jul 20134493102.523.72$2,243
Jun 2013042994.403.93$1,687
May 2013957394.834.15$3,231
Apr 2013057593.964.28$2,462
Mar 2013551993.623.91$2,499
Feb 2013555791.233.42$2,361
Jan 20131063791.603.42$3,094
Dec 2012456486.773.42$2,276
Nov 2012738586.953.62$2,004
Oct 2012677189.383.40$3,157
Sep 2012236494.672.92$1,252
Aug 2012547992.662.91$1,856
Jul 2012346885.133.02$1,669
Jun 2012538379.822.52$1,364
May 2012544791.612.49$1,570
Apr 20120540101.652.00$1,078
Mar 20127549105.052.22$1,955
Feb 201210211101.102.57$1,553
Jan 2012543898.092.73$1,688
Dec 2011041796.873.24$1,351
Nov 2011951995.723.31$2,580
Oct 20111150784.983.65$2,785
Sep 2011559183.623.99$2,774
Aug 2011266583.404.15$2,926
Jul 2011725994.144.52$1,829
Jun 20111365692.904.64$4,251
May 2011363998.134.40$3,109
Apr 20110461105.964.33$1,998
Mar 2011137796.364.06$1,626
Feb 2011031985.644.18$1,333
Jan 2011532486.504.59$1,919
Dec 2010140185.734.35$1,829
Nov 2010336880.843.80$1,639
Oct 2010343978.103.51$1,775
Sep 2010140272.633.98$1,672
Aug 2010048173.684.42$2,126
Jul 2010054272.554.74$2,567
Jun 2010036370.364.91$1,782
May 2010027571.124.24$1,165
Apr 2010028781.694.12$1,183
Mar 2010031878.394.39$1,396
Feb 2010029373.585.44$1,595
Jan 2010031774.365.96$1,891
Dec 2009029471.445.48$1,612
Nov 2009031874.593.75$1,193
Oct 2009033772.544.11$1,385
Sep 2009041465.543.06$1,269
Aug 2009030167.423.22$969
Jul 2009053561.133.46$1,854
Jun 2009036566.163.90$1,422
May 2009044054.743.93$1,727
Apr 2009046146.773.59$1,654
Mar 2009050542.144.06$2,050
Feb 2009051132.814.63$2,367
Jan 2009053835.865.37$2,890
Dec 2008061937.105.98$3,700
Nov 2008078055.496.86$5,351
Oct 2008055975.246.92$3,869
Sep 20080527101.767.88$4,151
Aug 20080538114.228.48$4,564
Jul 20080641131.0811.39$7,301
Jun 20080684131.3313.03$8,914
May 20080853123.1711.57$9,873
Apr 20080793110.3110.45$8,291
Mar 20080601101.909.66$5,808
Feb 2008054892.538.77$4,806
Jan 2008064190.388.21$5,260
Dec 2007061288.337.30$4,469
Nov 2007069391.677.29$5,053
Oct 2007051582.856.92$3,565
Sep 2007048075.846.24$2,997
Aug 2007050969.066.39$3,251
Jul 2007063470.906.39$4,050
Jun 2007068862.007.55$5,193
May 2007071458.747.85$5,602
Apr 2007059259.617.81$4,621
Mar 2007055256.927.30$4,031
Feb 2007051155.108.22$4,198
Jan 2007054950.306.73$3,693
Dec 2006062456.656.92$4,317
Nov 2006052754.207.62$4,014
Oct 2006052954.906.01$3,181
Sep 2006048260.085.04$2,428
Aug 2006052768.717.34$3,868
Jul 2006058669.376.34$3,717
Jun 2006061966.286.38$3,952
May 2006056966.016.42$3,656
Apr 2006059864.397.36$4,402
Mar 2006052156.707.08$3,690
Feb 2006047057.597.75$3,643
Jan 2006058960.598.93$5,262
Dec 2005063954.9413.42$8,572
Nov 2005056554.6910.59$5,982
Oct 2005060658.3413.80$8,360
Sep 2005058061.4512.08$7,006
Aug 2005066861.519.80$6,544
Jul 2005064855.697.84$5,083
Jun 2005072452.337.38$5,344
May 2005074445.226.65$4,948
Apr 2005057449.207.36$4,225
Mar 2005076350.377.15$5,459
Feb 2005046245.226.31$2,916
Jan 2005067743.166.32$4,280
Dec 2004062939.866.75$4,246
Nov 2004057845.286.33$3,659
Oct 2004057149.706.52$3,720
Sep 2004054143.245.28$2,859
Aug 2004058442.375.55$3,242
Jul 2004060638.286.08$3,687
Jun 2004078936.106.43$5,076
May 2004060937.486.49$3,955
Apr 2004062834.475.86$3,679
Mar 2004072134.365.53$3,987
Feb 2004062732.455.51$3,455
Jan 2004078432.036.30$4,939
Dec 2003076530.266.30$4,821
Nov 2003074928.804.60$3,442
Oct 2003060728.174.76$2,889
Sep 2003065426.314.75$3,106
Aug 2003073829.765.13$3,786
Jul 2003272029.415.17$3,782
Jun 2003577428.565.98$4,774
May 2003465926.595.97$4,042
Apr 2003454926.675.41$3,075
Mar 2003369131.146.10$4,306
Feb 2003556733.487.93$4,661
Jan 2003863630.315.58$3,793
Dec 20023766526.914.85$4,223
Nov 20022879124.664.14$3,963
Oct 20022576126.464.23$3,880
Sep 20022376927.443.64$3,427
Aug 20022886625.963.16$3,467
Jul 20023093324.583.06$3,594
Jun 20022274623.733.34$3,012
May 20022395324.663.58$3,983
Apr 20023288023.653.51$3,848
Mar 20023589522.003.10$3,547
Feb 20024589018.222.38$2,934
Jan 20024286217.172.38$2,769
Dec 20012649116.932.36$1,601
Nov 20013271018.072.41$2,286
Oct 20013589519.782.53$2,956
Sep 20011232024.262.25$1,012
Aug 2001331,03824.873.05$3,990
Jul 2001331,00023.933.20$3,987
Jun 20013599024.563.82$4,646
May 2001191,08725.524.31$5,167
Apr 2001351,08024.685.34$6,626
Mar 2001251,07224.545.38$6,377
Feb 20012996427.755.77$6,364
Jan 2001391,11627.478.40$10,444
Dec 2000551,25626.889.12$12,936
Nov 2000391,05332.215.66$7,214
Oct 2000401,10331.235.15$6,925
Sep 2000311,04931.875.19$6,429
Aug 2000431,06529.644.54$6,110
Jul 2000521,27628.534.09$6,702
Jun 20002074629.304.40$3,866
May 20004299027.263.68$4,788
Apr 2000461,27924.513.12$5,113
Mar 2000641,32828.422.86$5,617
Feb 2000541,15727.622.73$4,646
Jan 2000501,18225.272.48$4,195
Dec 1999481,31424.282.42$4,350
Nov 1999481,21923.192.43$4,080
Oct 1999411,36320.982.80$4,682
Sep 1999431,25921.752.62$4,232
Aug 1999501,42719.262.88$5,066
Jul 1999471,26217.892.37$3,835
Jun 1999351,21515.942.36$3,428
May 1999381,11815.792.32$3,195
Apr 1999451,33315.102.21$3,623
Mar 1999671,43112.471.84$3,466
Feb 1999451,1059.981.82$2,458
Jan 1999681,50610.381.90$3,567
Dec 1998681,5359.201.77$3,348
Nov 1998701,25210.892.19$3,499
Oct 1998791,54012.421.97$4,014
Sep 1998701,33012.592.08$3,651
Aug 1998541,22111.301.91$2,939
Jul 1998591,25011.742.24$3,489
Jun 1998241,23711.242.24$3,037
May 1998311,26512.622.21$3,182
Apr 1998301,30313.042.51$3,656
Mar 1998381,34412.802.31$3,590
Feb 1998371,27213.952.30$3,441
Jan 1998471,53114.702.15$3,990
Dec 1997611,48516.322.41$4,576
Nov 1997701,48718.193.09$5,866
Oct 1997651,39819.253.15$5,655
Sep 1997521,44717.742.95$5,198
Aug 1997591,31017.862.55$4,400
Jul 1997611,35317.582.25$4,112
Jun 1997361,21017.242.26$3,352
May 1997571,12218.972.31$3,671
Apr 1997511,04417.882.08$3,086
Mar 1997651,13718.951.94$3,437
Feb 1997531,08820.492.21$3,486
Jan 1997441,15623.483.54$5,125
Dec 1996701,15423.32$1,632
Nov 1996441,25021.97$967
Oct 1996651,26523.31$1,515
Sep 1996591,26022.22$1,311
Aug 1996791,28020.26$1,601
Jul 1996601,42419.55$1,173
Jun 1996631,23218.73$1,180
May 1996801,18519.43$1,554
Apr 1996811,10521.51$1,742
Mar 1996781,10419.38$1,512
Feb 1996831,11316.98$1,409
Jan 1996601,39717.07$1,024
Dec 1995871,42217.19$1,496
Nov 1995561,47316.00$896
Oct 1995421,53715.43$648
Sep 1995591,53316.18$955
Aug 1995351,55515.92$557
Jul 1995581,45115.24$884
Jun 1995521,53316.41$853
May 1995541,67017.56$948
Apr 1995611,37917.73$1,082
Mar 1995801,61916.44$1,315
Feb 1995721,57616.58$1,194
Jan 1995711,78015.92$1,130
Dec 1994951,55515.03$1,428
Nov 1994901,81015.90$1,431
Oct 1994781,93215.58$1,215
Sep 1994802,04315.29$1,223
Aug 1994822,13316.13$1,323
Jul 1994882,03817.56$1,545
Jun 19941122,30917.09$1,914
May 19941312,33015.88$2,080
Apr 19941252,04114.14$1,768
Mar 19941602,35112.46$1,994
Feb 19941371,89912.50$1,713
Jan 19941212,45412.66$1,532
Dec 19931122,43312.33$1,381
Nov 19931212,21514.49$1,753
Oct 1993962,53015.85$1,522
Sep 1993822,25415.03$1,232
Aug 1993822,43015.66$1,284
Jul 1993862,39315.46$1,330
Jun 1993862,55816.79$1,444
May 1993992,40517.68$1,750
Apr 1993982,35118.05$1,769
Mar 1993942,31518.14$1,705
Feb 1993762,06517.90$1,360
Jan 1993922,39316.93$1,558

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             4 bbl  × $ 26.47 =       $106
Gas                   90 Mcf  × $  2.06 =       $186

────────────────────────────────────────────────────
Month total                                     $292

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/114262 is the state's own key, not one this site invented.