PETTY

Operated by ST. MARY LAND & EXPLORATION CO. (P-5 810874) in the CATARINA, SW (SAN MIGUEL,OIL) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 116050District 01Field 16340801CondensateGasSaveExport
Value, all time
$38 k
Jan 1993 – Aug 2008
Value, last 12 filed months
$0
at the published price for each month
Months reported
188
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 15 leases and 22 wells, and the rule below applies to all of them.

Discovered
1981-09-04
as the register files it
Field class
Oil and gas
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

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
CondensateDisposition251 bbl$3,651
GasProduction63,811 Mcf$34,316
Total$37,968

49,466 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 (188)

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

188 months

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 20050058.3413.80$0
Sep 20050061.4512.08$0
Aug 20050061.519.80$0
Jul 20050055.697.84$0
Jun 20050052.337.38$0
May 20050045.226.65$0
Apr 20050049.207.36$0
Mar 20050050.377.15$0
Feb 20050045.226.31$0
Jan 20050043.166.32$0
Dec 20040039.866.75$0
Nov 20040045.286.33$0
Oct 20040049.706.52$0
Sep 20040043.245.28$0
Aug 20040042.375.55$0
Jul 20040038.286.08$0
Jun 20040036.106.43$0
May 20040037.486.49$0
Apr 20040034.475.86$0
Mar 20040034.365.53$0
Feb 20040032.455.51$0
Jan 20040032.036.30$0
Dec 20030030.266.30$0
Nov 20030028.804.60$0
Oct 20030028.174.76$0
Sep 20030026.314.75$0
Aug 20030029.765.13$0
Jul 20030029.415.17$0
Jun 20030028.565.98$0
May 20030026.595.97$0
Apr 20030026.675.41$0
Mar 20030031.146.10$0
Feb 20030033.487.93$0
Jan 20030030.315.58$0
Dec 20020026.914.85$0
Nov 20020024.664.14$0
Oct 20020026.464.23$0
Sep 20020027.443.64$0
Aug 20020025.963.16$0
Jul 20020024.583.06$0
Jun 20020023.733.34$0
May 20020024.663.58$0
Apr 20020023.653.51$0
Mar 20020022.003.10$0
Feb 20020018.222.38$0
Jan 20020017.172.38$0
Dec 20010016.932.36$0
Nov 20010018.072.41$0
Oct 20010019.782.53$0
Sep 20010024.262.25$0
Aug 20010024.873.05$0
Jul 20010023.933.20$0
Jun 20010024.563.82$0
May 20010025.524.31$0
Apr 20010024.685.34$0
Mar 20010024.545.38$0
Feb 20010027.755.77$0
Jan 20010027.478.40$0
Dec 20000026.889.12$0
Nov 20000032.215.66$0
Oct 20000031.235.15$0
Sep 20000031.875.19$0
Aug 20000029.644.54$0
Jul 20000028.534.09$0
Jun 20000029.304.40$0
May 20000027.263.68$0
Apr 20000024.513.12$0
Mar 20000028.422.86$0
Feb 20000027.622.73$0
Jan 20000025.272.48$0
Dec 19990024.282.42$0
Nov 19990023.192.43$0
Oct 19990020.982.80$0
Sep 19990021.752.62$0
Aug 19990019.262.88$0
Jul 19990017.892.37$0
Jun 199911015.942.36$40
May 1999214715.792.32$373
Apr 199902215.102.21$49
Mar 19990012.471.84$0
Feb 1999009.981.82$0
Jan 19991010.381.90$10
Dec 19982299.201.77$70
Nov 1998612910.892.19$347
Oct 19981132312.421.97$773
Sep 19981973012.592.08$1,760
Aug 19981776111.301.91$1,644
Jul 19981772311.742.24$1,817
Jun 1998879911.242.24$1,878
May 1998870812.622.21$1,663
Apr 1998972813.042.51$1,941
Mar 1998962812.802.31$1,566
Feb 19981065813.952.30$1,652
Jan 19981394614.702.15$2,230
Dec 1997950716.322.41$1,369
Nov 19971250618.193.09$1,781
Oct 19971568219.253.15$2,437
Sep 19971375217.742.95$2,453
Aug 19971482017.862.55$2,345
Jul 1997748517.582.25$1,213
Jun 1997041417.242.26$934
May 1997061018.972.31$1,408
Apr 1997051117.882.08$1,064
Mar 1997056618.951.94$1,098
Feb 1997056220.492.21$1,240
Jan 1997058923.483.54$2,085
Dec 1996062323.32$0
Nov 1996058321.97$0
Oct 1996070123.31$0
Sep 1996056722.22$0
Aug 1996068620.26$0
Jul 1996066919.55$0
Jun 1996041918.73$0
May 1996053719.43$0
Apr 1996049421.51$0
Mar 1996079919.38$0
Feb 1996061316.98$0
Jan 1996053817.07$0
Dec 1995075417.19$0
Nov 1995068616.00$0
Oct 1995084015.43$0
Sep 1995088016.18$0
Aug 1995088715.92$0
Jul 1995085715.24$0
Jun 1995092816.41$0
May 199501,02817.56$0
Apr 199501,08417.73$0
Mar 199501,09916.44$0
Feb 1995088116.58$0
Jan 199501,05515.92$0
Dec 199401,25715.03$0
Nov 1994099115.90$0
Oct 199401,17515.58$0
Sep 199401,22815.29$0
Aug 199401,29816.13$0
Jul 199401,30017.56$0
Jun 199401,09817.09$0
May 199401,10815.88$0
Apr 199411,03614.14$14
Mar 199451,09612.46$62
Feb 199451,03512.50$63
Jan 199431,24112.66$38
Dec 199331,35712.33$37
Nov 199331,21714.49$43
Oct 199331,37015.85$48
Sep 199321,44915.03$30
Aug 199321,51115.66$31
Jul 199321,46015.46$31
Jun 199331,56516.79$50
May 199331,59517.68$53
Apr 199331,29118.05$54
Mar 199331,50518.14$54
Feb 199331,35917.90$54
Jan 199341,71616.93$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.

Jun 1999 — as filed, then multipliedworked
Condensate             1 bbl  × $ 15.94 =        $16
Gas                   10 Mcf  × $  2.36 =        $24

────────────────────────────────────────────────────
Month total                                      $40

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/116050 is the state's own key, not one this site invented.