GATES RANCH B 1996

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 117042District 01Field 16340900CondensateGasSaveExport
Value, all time
$143 k
Jan 1993 – Apr 2016
Value, last 12 filed months
$0
at the published price for each month
Months reported
280
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
CondensateDisposition43 bbl$2,306
GasProduction61,062 Mcf$140,249
Total$142,554

29,858 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 (280)

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

280 months

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 20132094.834.15$190
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 201201289.383.40$41
Sep 20120994.672.92$26
Aug 2012018492.662.91$535
Jul 2012015785.133.02$474
Jun 201202079.822.52$50
May 201211991.612.49$139
Apr 2012015101.652.00$30
Mar 2012020105.052.22$44
Feb 201200101.102.57$0
Jan 201202298.092.73$60
Dec 201102396.873.24$75
Nov 201102495.723.31$79
Oct 201104484.983.65$161
Sep 20110383.623.99$12
Aug 20110583.404.15$21
Jul 201101294.144.52$54
Jun 201105892.904.64$269
May 201101798.134.40$75
Apr 201104105.964.33$17
Mar 201101396.364.06$53
Feb 201101085.644.18$42
Jan 201101086.504.59$46
Dec 20100685.734.35$26
Nov 20100680.843.80$23
Oct 201001678.103.51$56
Sep 20100072.633.98$0
Aug 20100073.684.42$0
Jul 20100072.554.74$0
Jun 20100170.364.91$5
May 20100071.124.24$0
Apr 201001181.694.12$45
Mar 201001578.394.39$66
Feb 20100173.585.44$5
Jan 20100174.365.96$6
Dec 20090971.445.48$49
Nov 20090274.593.75$8
Oct 20090272.544.11$8
Sep 20090465.543.06$12
Aug 20090067.423.22$0
Jul 20090061.133.46$0
Jun 20090666.163.90$23
May 200901054.743.93$39
Apr 20090046.773.59$0
Mar 200902942.144.06$118
Feb 200901532.814.63$70
Jan 200901835.865.37$97
Dec 20080737.105.98$42
Nov 20080555.496.86$34
Oct 20080075.246.92$0
Sep 200800101.767.88$0
Aug 200800114.228.48$0
Jul 200804131.0811.39$46
Jun 200805131.3313.03$65
May 200800123.1711.57$0
Apr 200808110.3110.45$84
Mar 2008011101.909.66$106
Feb 20080292.538.77$18
Jan 20080490.388.21$33
Dec 200704488.337.30$321
Nov 200702491.677.29$175
Oct 200703582.856.92$242
Sep 200702275.846.24$137
Aug 20070169.066.39$6
Jul 20070270.906.39$13
Jun 20070362.007.55$23
May 20070058.747.85$0
Apr 20070659.617.81$47
Mar 20070156.927.30$7
Feb 20070055.108.22$0
Jan 20071050.306.73$50
Dec 20060056.656.92$0
Nov 20060154.207.62$8
Oct 200612454.906.01$199
Sep 20060960.085.04$45
Aug 200601168.717.34$81
Jul 20061669.376.34$107
Jun 20062866.286.38$184
May 200648766.016.42$823
Apr 2006410364.397.36$1,016
Mar 2006111356.707.08$857
Feb 2006116757.597.75$1,352
Jan 2006222860.598.93$2,158
Dec 2005518754.9413.42$2,783
Nov 2005120154.6910.59$2,183
Oct 2005441458.3413.80$5,945
Sep 2005238561.4512.08$4,773
Aug 2005131761.519.80$3,167
Jul 2005132055.697.84$2,566
Jun 2005031652.337.38$2,332
May 2005045445.226.65$3,020
Apr 2005067049.207.36$4,932
Mar 2005090850.377.15$6,497
Feb 20050845.226.31$51
Jan 2005020843.166.32$1,315
Dec 2004022839.866.75$1,539
Nov 2004020845.286.33$1,317
Oct 2004020849.706.52$1,355
Sep 2004012443.245.28$655
Aug 2004016642.375.55$921
Jul 2004021838.286.08$1,326
Jun 2004021236.106.43$1,364
May 2004020537.486.49$1,331
Apr 2004025834.475.86$1,511
Mar 2004029434.365.53$1,626
Feb 2004025332.455.51$1,394
Jan 2004027432.036.30$1,726
Dec 2003028730.266.30$1,809
Nov 2003012728.804.60$584
Oct 2003011428.174.76$543
Sep 2003020126.314.75$955
Aug 2003017629.765.13$903
Jul 2003020129.415.17$1,039
Jun 2003021328.565.98$1,274
May 2003025426.595.97$1,517
Apr 2003018826.675.41$1,017
Mar 2003018631.146.10$1,134
Feb 2003021433.487.93$1,696
Jan 2003017230.315.58$960
Dec 2002021026.914.85$1,019
Nov 2002020224.664.14$836
Oct 2002021126.464.23$892
Sep 2002018827.443.64$683
Aug 2002021625.963.16$683
Jul 2002021424.583.06$655
Jun 2002023723.733.34$791
May 2002024224.663.58$867
Apr 2002021023.653.51$738
Mar 2002020822.003.10$645
Feb 2002017518.222.38$416
Jan 2002016717.172.38$397
Dec 2001020416.932.36$482
Nov 2001021418.072.41$515
Oct 2001020919.782.53$529
Sep 2001020724.262.25$466
Aug 2001018824.873.05$574
Jul 2001018723.933.20$598
Jun 2001022224.563.82$849
May 2001022625.524.31$973
Apr 2001011124.685.34$592
Mar 2001022624.545.38$1,215
Feb 2001024327.755.77$1,401
Jan 2001026527.478.40$2,226
Dec 2000027526.889.12$2,509
Nov 2000022632.215.66$1,279
Oct 2000025431.235.15$1,307
Sep 2000034231.875.19$1,774
Aug 2000032029.644.54$1,453
Jul 2000035428.534.09$1,448
Jun 2000025929.304.40$1,139
May 2000029327.263.68$1,078
Apr 2000033924.513.12$1,056
Mar 2000034128.422.86$975
Feb 2000023327.622.73$635
Jan 2000027525.272.48$682
Dec 1999028424.282.42$688
Nov 1999033323.192.43$811
Oct 1999034720.982.80$973
Sep 1999037521.752.62$982
Aug 1999036719.262.88$1,055
Jul 1999035517.892.37$842
Jun 1999041115.942.36$971
May 1999041315.792.32$959
Apr 1999047015.102.21$1,038
Mar 1999054812.471.84$1,007
Feb 199904059.981.82$736
Jan 1999046910.381.90$891
Dec 199804389.201.77$777
Nov 199809910.892.19$216
Oct 19980012.421.97$0
Sep 19980012.592.08$0
Aug 19980011.301.91$0
Jul 19980011.742.24$0
Jun 19980011.242.24$0
May 1998016012.622.21$353
Apr 1998053813.042.51$1,348
Mar 1998029112.802.31$672
Feb 1998058513.952.30$1,345
Jan 1998080814.702.15$1,741
Dec 1997071116.322.41$1,714
Nov 1997030618.193.09$945
Oct 1997031919.253.15$1,005
Sep 1997019617.742.95$579
Aug 1997015117.862.55$386
Jul 1997018917.582.25$425
Jun 1997018617.242.26$420
May 1997015818.972.31$365
Apr 1997022717.882.08$473
Mar 1997038818.951.94$752
Feb 1997046720.492.21$1,030
Jan 1997057423.483.54$2,032
Dec 1996070123.32$0
Nov 1996066121.97$0
Oct 1996068723.31$0
Sep 1996065422.22$0
Aug 1996062020.26$0
Jul 1996058819.55$0
Jun 1996064318.73$0
May 1996061019.43$0
Apr 1996062821.51$0
Mar 1996057719.38$0
Feb 1996056616.98$0
Jan 1996060117.07$0
Dec 1995059317.19$0
Nov 1995063316.00$0
Oct 1995064615.43$0
Sep 1995062816.18$0
Aug 1995061015.92$0
Jul 1995066315.24$0
Jun 1995066916.41$0
May 1995064617.56$0
Apr 1995055517.73$0
Mar 1995060316.44$0
Feb 1995059716.58$0
Jan 1995063715.92$0
Dec 1994060415.03$0
Nov 1994060115.90$0
Oct 1994064115.58$0
Sep 1994056615.29$0
Aug 1994062616.13$0
Jul 1994065217.56$0
Jun 1994058417.09$0
May 1994059515.88$0
Apr 1994058614.14$0
Mar 1994057012.46$0
Feb 1994055412.50$0
Jan 1994060612.66$0
Dec 1993058612.33$0
Nov 1993059814.49$0
Oct 1993070815.85$0
Sep 1993030615.03$0
Aug 1993058215.66$0
Jul 1993060515.46$0
Jun 1993054616.79$0
May 1993168317.68$18
Apr 1993158818.05$18
Mar 199311,00718.14$18
Feb 1993292017.90$36
Jan 1993452816.93$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.

May 2013 — as filed, then multipliedworked
Condensate             2 bbl  × $ 94.83 =       $190
Gas                    0 Mcf  × $  4.15 =         $0

────────────────────────────────────────────────────
Month total                                     $190

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/117042 is the state's own key, not one this site invented.