GATES RANCH "K"

Name: GATES RANCH "K" lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by U. S. OPERATING, INC. (P-5 875431) in the CATARINA, SW. (OLMOS) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 116524District 01Field 16340500CondensateGasSave Export

Value, all time

$683 k

Jan 1993 – Sep 2015

Value, last 12 filed months

at the published price for each month

Months reported

273

no gaps in the span

Streams

condensate, gas

The CATARINA, SW. (OLMOS) 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 213 leases and 214 wells, and the rule below applies to all of them.

Discovered

1973-12-28

as the register files it

Field class

Oil and 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 Commission's schedule remark for this field reads: “OPTIONAL 80 ACRE UNIT MAX DIAG 4000”

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	167 bbl	$3,581
Gas	Production	215,687 Mcf	$678,925
Total			$682,506

70,440 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 (273)

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

273 months


Sep 2015	0	0	42.99	2.76	$0
Aug 2015	0	0	40.16	2.87	$0
Jul 2015	0	0	48.15	2.95	$0
Jun 2015	0	0	56.15	2.88	$0
May 2015	0	0	55.21	2.96	$0
Apr 2015	0	0	49.82	2.71	$0
Mar 2015	0	0	42.89	2.93	$0
Feb 2015	0	0	44.66	2.98	$0
Jan 2015	0	0	43.43	3.10	$0
Dec 2014	0	0	54.69	3.59	$0
Nov 2014	0	0	70.46	4.25	$0
Oct 2014	0	0	78.30	3.90	$0
Sep 2014	0	0	86.16	4.05	$0
Aug 2014	0	0	89.39	4.04	$0
Jul 2014	0	0	96.56	4.18	$0
Jun 2014	0	0	98.16	4.74	$0
May 2014	0	0	94.73	4.73	$0
Apr 2014	0	0	95.94	4.81	$0
Mar 2014	0	22	95.89	5.06	$111
Feb 2014	0	35	97.40	6.19	$217
Jan 2014	0	69	90.40	4.86	$335
Dec 2013	0	63	91.82	4.35	$274
Nov 2013	0	55	88.85	3.74	$206
Oct 2013	0	0	97.42	3.78	$0
Sep 2013	0	2	104.11	3.72	$7
Aug 2013	0	173	104.25	3.52	$609
Jul 2013	0	168	102.52	3.72	$625
Jun 2013	0	237	94.40	3.93	$932
May 2013	0	244	94.83	4.15	$1,012
Apr 2013	0	188	93.96	4.28	$805
Mar 2013	0	123	93.62	3.91	$481
Feb 2013	0	185	91.23	3.42	$633
Jan 2013	0	230	91.60	3.42	$787
Dec 2012	0	27	86.77	3.42	$92
Nov 2012	0	80	86.95	3.62	$290
Oct 2012	0	14	89.38	3.40	$48
Sep 2012	0	6	94.67	2.92	$18
Aug 2012	0	53	92.66	2.91	$154
Jul 2012	0	287	85.13	3.02	$867
Jun 2012	0	435	79.82	2.52	$1,096
May 2012	0	174	91.61	2.49	$433
Apr 2012	0	0	101.65	2.00	$0
Mar 2012	0	257	105.05	2.22	$571
Feb 2012	0	499	101.10	2.57	$1,283
Jan 2012	2	566	98.09	2.73	$1,744
Dec 2011	0	771	96.87	3.24	$2,498
Nov 2011	0	620	95.72	3.31	$2,053
Oct 2011	0	780	84.98	3.65	$2,846
Sep 2011	0	775	83.62	3.99	$3,089
Aug 2011	0	124	83.40	4.15	$515
Jul 2011	0	15	94.14	4.52	$68
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	410	105.96	4.33	$1,777
Mar 2011	0	630	96.36	4.06	$2,556
Feb 2011	0	537	85.64	4.18	$2,245
Jan 2011	0	469	86.50	4.59	$2,152
Dec 2010	0	744	85.73	4.35	$3,235
Nov 2010	0	635	80.84	3.80	$2,410
Oct 2010	0	0	78.10	3.51	$0
Sep 2010	0	351	72.63	3.98	$1,397
Aug 2010	0	554	73.68	4.42	$2,448
Jul 2010	0	609	72.55	4.74	$2,885
Jun 2010	0	650	70.36	4.91	$3,192
May 2010	0	600	71.12	4.24	$2,541
Apr 2010	0	570	81.69	4.12	$2,350
Mar 2010	0	632	78.39	4.39	$2,774
Feb 2010	0	474	73.58	5.44	$2,580
Jan 2010	0	641	74.36	5.96	$3,823
Dec 2009	0	658	71.44	5.48	$3,608
Nov 2009	0	572	74.59	3.75	$2,146
Oct 2009	0	608	72.54	4.11	$2,499
Sep 2009	0	671	65.54	3.06	$2,056
Aug 2009	0	588	67.42	3.22	$1,892
Jul 2009	0	611	61.13	3.46	$2,117
Jun 2009	0	575	66.16	3.90	$2,240
May 2009	0	574	54.74	3.93	$2,253
Apr 2009	0	613	46.77	3.59	$2,199
Mar 2009	0	619	42.14	4.06	$2,513
Feb 2009	0	610	32.81	4.63	$2,826
Jan 2009	0	618	35.86	5.37	$3,319
Dec 2008	0	723	37.10	5.98	$4,321
Nov 2008	0	754	55.49	6.86	$5,173
Oct 2008	0	605	75.24	6.92	$4,188
Sep 2008	0	780	101.76	7.88	$6,144
Aug 2008	0	724	114.22	8.48	$6,142
Jul 2008	0	647	131.08	11.39	$7,369
Jun 2008	0	611	131.33	13.03	$7,963
May 2008	0	605	123.17	11.57	$7,002
Apr 2008	0	637	110.31	10.45	$6,660
Mar 2008	0	535	101.90	9.66	$5,170
Feb 2008	0	572	92.53	8.77	$5,017
Jan 2008	0	550	90.38	8.21	$4,513
Dec 2007	0	605	88.33	7.30	$4,418
Nov 2007	0	603	91.67	7.29	$4,397
Oct 2007	0	673	82.85	6.92	$4,658
Sep 2007	0	468	75.84	6.24	$2,922
Aug 2007	0	634	69.06	6.39	$4,050
Jul 2007	0	554	70.90	6.39	$3,539
Jun 2007	0	608	62.00	7.55	$4,589
May 2007	0	579	58.74	7.85	$4,543
Apr 2007	0	627	59.61	7.81	$4,894
Mar 2007	0	590	56.92	7.30	$4,308
Feb 2007	0	525	55.10	8.22	$4,313
Jan 2007	0	600	50.30	6.73	$4,036
Dec 2006	0	621	56.65	6.92	$4,296
Nov 2006	0	668	54.20	7.62	$5,088
Oct 2006	0	813	54.90	6.01	$4,889
Sep 2006	0	656	60.08	5.04	$3,304
Aug 2006	0	707	68.71	7.34	$5,189
Jul 2006	0	651	69.37	6.34	$4,129
Jun 2006	0	701	66.28	6.38	$4,475
May 2006	0	714	66.01	6.42	$4,587
Apr 2006	0	835	64.39	7.36	$6,146
Mar 2006	0	686	56.70	7.08	$4,859
Feb 2006	0	605	57.59	7.75	$4,689
Jan 2006	0	647	60.59	8.93	$5,780
Dec 2005	0	743	54.94	13.42	$9,968
Nov 2005	0	692	54.69	10.59	$7,327
Oct 2005	0	841	58.34	13.80	$11,602
Sep 2005	0	724	61.45	12.08	$8,745
Aug 2005	0	759	61.51	9.80	$7,436
Jul 2005	0	632	55.69	7.84	$4,957
Jun 2005	0	701	52.33	7.38	$5,174
May 2005	0	706	45.22	6.65	$4,696
Apr 2005	0	590	49.20	7.36	$4,343
Mar 2005	0	630	50.37	7.15	$4,508
Feb 2005	0	587	45.22	6.31	$3,705
Jan 2005	0	622	43.16	6.32	$3,932
Dec 2004	0	734	39.86	6.75	$4,955
Nov 2004	0	682	45.28	6.33	$4,317
Oct 2004	0	532	49.70	6.52	$3,466
Sep 2004	0	624	43.24	5.28	$3,297
Aug 2004	0	573	42.37	5.55	$3,181
Jul 2004	0	691	38.28	6.08	$4,204
Jun 2004	0	624	36.10	6.43	$4,014
May 2004	0	678	37.48	6.49	$4,403
Apr 2004	0	706	34.47	5.86	$4,136
Mar 2004	0	725	34.36	5.53	$4,009
Feb 2004	0	682	32.45	5.51	$3,758
Jan 2004	0	775	32.03	6.30	$4,882
Dec 2003	0	867	30.26	6.30	$5,464
Nov 2003	0	737	28.80	4.60	$3,387
Oct 2003	0	750	28.17	4.76	$3,570
Sep 2003	0	741	26.31	4.75	$3,519
Aug 2003	0	820	29.76	5.13	$4,206
Jul 2003	0	779	29.41	5.17	$4,028
Jun 2003	0	931	28.56	5.98	$5,570
May 2003	0	564	26.59	5.97	$3,369
Apr 2003	0	630	26.67	5.41	$3,407
Mar 2003	0	808	31.14	6.10	$4,926
Feb 2003	0	530	33.48	7.93	$4,201
Jan 2003	0	595	30.31	5.58	$3,321
Dec 2002	0	657	26.91	4.85	$3,189
Nov 2002	0	854	24.66	4.14	$3,533
Oct 2002	0	863	26.46	4.23	$3,650
Sep 2002	0	1,037	27.44	3.64	$3,770
Aug 2002	0	1,097	25.96	3.16	$3,471
Jul 2002	0	994	24.58	3.06	$3,043
Jun 2002	0	1,045	23.73	3.34	$3,488
May 2002	0	989	24.66	3.58	$3,545
Apr 2002	0	602	23.65	3.51	$2,114
Mar 2002	0	899	22.00	3.10	$2,789
Feb 2002	0	922	18.22	2.38	$2,190
Jan 2002	0	1,170	17.17	2.38	$2,780
Dec 2001	0	1,461	16.93	2.36	$3,454
Nov 2001	0	971	18.07	2.41	$2,336
Oct 2001	4	558	19.78	2.53	$1,490
Sep 2001	3	671	24.26	2.25	$1,583
Aug 2001	7	718	24.87	3.05	$2,366
Jul 2001	6	469	23.93	3.20	$1,643
Jun 2001	2	438	24.56	3.82	$1,724
May 2001	2	729	25.52	4.31	$3,191
Apr 2001	2	1,117	24.68	5.34	$6,009
Mar 2001	0	1,166	24.54	5.38	$6,269
Feb 2001	4	1,053	27.75	5.77	$6,184
Jan 2001	0	1,327	27.47	8.40	$11,145
Dec 2000	0	1,291	26.88	9.12	$11,777
Nov 2000	0	1,108	32.21	5.66	$6,269
Oct 2000	0	1,071	31.23	5.15	$5,511
Sep 2000	0	989	31.87	5.19	$5,129
Aug 2000	4	1,136	29.64	4.54	$5,277
Jul 2000	0	1,103	28.53	4.09	$4,511
Jun 2000	5	1,071	29.30	4.40	$4,856
May 2000	3	799	27.26	3.68	$3,022
Apr 2000	0	833	24.51	3.12	$2,596
Mar 2000	0	872	28.42	2.86	$2,494
Feb 2000	3	901	27.62	2.73	$2,539
Jan 2000	0	1,028	25.27	2.48	$2,550
Dec 1999	0	1,075	24.28	2.42	$2,606
Nov 1999	4	998	23.19	2.43	$2,522
Oct 1999	3	1,141	20.98	2.80	$3,262
Sep 1999	0	1,036	21.75	2.62	$2,713
Aug 1999	0	927	19.26	2.88	$2,666
Jul 1999	3	1,063	17.89	2.37	$2,576
Jun 1999	0	975	15.94	2.36	$2,303
May 1999	0	1,055	15.79	2.32	$2,449
Apr 1999	4	1,076	15.10	2.21	$2,436
Mar 1999	3	1,309	12.47	1.84	$2,444
Feb 1999	3	1,067	9.98	1.82	$1,970
Jan 1999	0	1,153	10.38	1.90	$2,191
Dec 1998	0	1,101	9.20	1.77	$1,952
Nov 1998	0	1,052	10.89	2.19	$2,299
Oct 1998	0	1,128	12.42	1.97	$2,221
Sep 1998	0	1,045	12.59	2.08	$2,176
Aug 1998	0	1,042	11.30	1.91	$1,987
Jul 1998	0	1,021	11.74	2.24	$2,284
Jun 1998	0	1,065	11.24	2.24	$2,383
May 1998	0	1,142	12.62	2.21	$2,520
Apr 1998	0	1,198	13.04	2.51	$3,001
Mar 1998	0	1,240	12.80	2.31	$2,864
Feb 1998	0	951	13.95	2.30	$2,186
Jan 1998	0	1,168	14.70	2.15	$2,517
Dec 1997	14	1,032	16.32	2.41	$2,717
Nov 1997	0	1,209	18.19	3.09	$3,734
Oct 1997	6	1,279	19.25	3.15	$4,144
Sep 1997	0	1,180	17.74	2.95	$3,487
Aug 1997	3	1,168	17.86	2.55	$3,038
Jul 1997	6	1,104	17.58	2.25	$2,586
Jun 1997	8	1,072	17.24	2.26	$2,558
May 1997	3	1,088	18.97	2.31	$2,569
Apr 1997	0	1,149	17.88	2.08	$2,393
Mar 1997	8	1,191	18.95	1.94	$2,461
Feb 1997	3	1,222	20.49	2.21	$2,757
Jan 1997	8	1,298	23.48	3.54	$4,782
Dec 1996	3	1,296	23.32	—	$70
Nov 1996	0	1,181	21.97	—	$0
Oct 1996	9	1,301	23.31	—	$210
Sep 1996	0	1,310	22.22	—	$0
Aug 1996	0	1,347	20.26	—	$0
Jul 1996	4	1,319	19.55	—	$78
Jun 1996	3	1,342	18.73	—	$56
May 1996	0	1,429	19.43	—	$0
Apr 1996	0	1,435	21.51	—	$0
Mar 1996	5	1,527	19.38	—	$97
Feb 1996	0	1,196	16.98	—	$0
Jan 1996	0	1,323	17.07	—	$0
Dec 1995	0	1,285	17.19	—	$0
Nov 1995	0	1,171	16.00	—	$0
Oct 1995	0	1,266	15.43	—	$0
Sep 1995	0	1,253	16.18	—	$0
Aug 1995	0	1,346	15.92	—	$0
Jul 1995	0	1,590	15.24	—	$0
Jun 1995	0	1,472	16.41	—	$0
May 1995	0	1,628	17.56	—	$0
Apr 1995	0	1,648	17.73	—	$0
Mar 1995	10	1,612	16.44	—	$164
Feb 1995	3	1,570	16.58	—	$50
Jan 1995	0	1,752	15.92	—	$0
Dec 1994	0	2,369	15.03	—	$0
Nov 1994	4	2,148	15.90	—	$64
Oct 1994	0	1,823	15.58	—	$0
Sep 1994	0	1,254	15.29	—	$0
Aug 1994	0	1,535	16.13	—	$0
Jul 1994	0	1,423	17.56	—	$0
Jun 1994	0	1,382	17.09	—	$0
May 1994	0	1,381	15.88	—	$0
Apr 1994	0	1,295	14.14	—	$0
Mar 1994	0	1,357	12.46	—	$0
Feb 1994	0	1,268	12.50	—	$0
Jan 1994	0	1,501	12.66	—	$0
Dec 1993	0	1,546	12.33	—	$0
Nov 1993	0	1,358	14.49	—	$0
Oct 1993	0	1,308	15.85	—	$0
Sep 1993	0	1,392	15.03	—	$0
Aug 1993	0	1,569	15.66	—	$0
Jul 1993	0	1,437	15.46	—	$0
Jun 1993	0	1,556	16.79	—	$0
May 1993	0	1,563	17.68	—	$0
Apr 1993	0	1,576	18.05	—	$0
Mar 1993	0	1,672	18.14	—	$0
Feb 1993	0	1,661	17.90	—	$0
Jan 1993	0	1,467	16.93	—	$0

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.

Mar 2014 — as filed, then multipliedworked

Condensate             0 bbl  × $ 95.89 =         $0
Gas                   22 Mcf  × $  5.06 =       $111

────────────────────────────────────────────────────
Month total                                     $111

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/116524 is the state's own key, not one this site invented.