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 127878District 01Field 16340500CondensateGasSave Export

Value, all time

$1.3 M

Jan 1993 – Dec 2015

Value, last 12 filed months

$7 k

at the published price for each month

Months reported

276

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	485 bbl	$17,306
Gas	Production	282,052 Mcf	$1,273,038
Total			$1,290,344

32,303 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.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 28.2037, -99.8055. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

28.20368, -99.80553 · centre of the wells drawn, derived⌘ or Ctrl + scroll to zoom

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule

100.0%

1 of 1 wells

With a plug date

100.0%

1 of 1 wells

Median depth

5,950 ft

1 wells filed one

Completion to plug

—

no well filed both dates

What the state filed about each well

On the RRC proration schedule

1100.0%

A plug date is filed

1100.0%

BothOn the schedule and plugged. Neither fact cancels the other.

1100.0%

NeitherNo plug date, and not on the schedule.

00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 5,950 ft.

Plug dates filed

Sep 2015

1 of 1 wells

1 well


42-12732653	1236	5,950 ft	—	Sep 2015	Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (276)

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

276 months


Dec 2015	0	0	32.36	2.00	$0
Nov 2015	11	0	38.79	2.17	$427
Oct 2015	16	0	43.55	2.43	$697
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	417	49.82	2.71	$1,129
Mar 2015	0	596	42.89	2.93	$1,749
Feb 2015	0	615	44.66	2.98	$1,830
Jan 2015	0	451	43.43	3.10	$1,398
Dec 2014	0	655	54.69	3.59	$2,352
Nov 2014	0	757	70.46	4.25	$3,219
Oct 2014	0	571	78.30	3.90	$2,227
Sep 2014	0	502	86.16	4.05	$2,031
Aug 2014	0	200	89.39	4.04	$807
Jul 2014	0	188	96.56	4.18	$786
Jun 2014	0	197	98.16	4.74	$933
May 2014	0	308	94.73	4.73	$1,456
Apr 2014	0	384	95.94	4.81	$1,847
Mar 2014	0	425	95.89	5.06	$2,149
Feb 2014	0	383	97.40	6.19	$2,372
Jan 2014	0	452	90.40	4.86	$2,197
Dec 2013	0	442	91.82	4.35	$1,925
Nov 2013	0	427	88.85	3.74	$1,596
Oct 2013	0	429	97.42	3.78	$1,621
Sep 2013	0	399	104.11	3.72	$1,483
Aug 2013	0	314	104.25	3.52	$1,106
Jul 2013	0	367	102.52	3.72	$1,364
Jun 2013	0	534	94.40	3.93	$2,100
May 2013	0	519	94.83	4.15	$2,153
Apr 2013	0	577	93.96	4.28	$2,471
Mar 2013	0	588	93.62	3.91	$2,301
Feb 2013	0	517	91.23	3.42	$1,768
Jan 2013	0	644	91.60	3.42	$2,202
Dec 2012	0	608	86.77	3.42	$2,079
Nov 2012	0	704	86.95	3.62	$2,552
Oct 2012	0	631	89.38	3.40	$2,145
Sep 2012	0	520	94.67	2.92	$1,518
Aug 2012	0	585	92.66	2.91	$1,701
Jul 2012	0	622	85.13	3.02	$1,879
Jun 2012	0	600	79.82	2.52	$1,511
May 2012	0	758	91.61	2.49	$1,886
Apr 2012	0	521	101.65	2.00	$1,040
Mar 2012	0	434	105.05	2.22	$964
Feb 2012	0	766	101.10	2.57	$1,969
Jan 2012	3	898	98.09	2.73	$2,749
Dec 2011	0	983	96.87	3.24	$3,185
Nov 2011	0	846	95.72	3.31	$2,801
Oct 2011	0	1,205	84.98	3.65	$4,396
Sep 2011	0	1,154	83.62	3.99	$4,600
Aug 2011	0	867	83.40	4.15	$3,597
Jul 2011	0	55	94.14	4.52	$248
Jun 2011	0	0	92.90	4.64	$0
May 2011	0	0	98.13	4.40	$0
Apr 2011	0	754	105.96	4.33	$3,267
Mar 2011	0	780	96.36	4.06	$3,165
Feb 2011	0	677	85.64	4.18	$2,830
Jan 2011	0	728	86.50	4.59	$3,341
Dec 2010	0	847	85.73	4.35	$3,683
Nov 2010	0	654	80.84	3.80	$2,482
Oct 2010	0	819	78.10	3.51	$2,874
Sep 2010	0	715	72.63	3.98	$2,845
Aug 2010	0	758	73.68	4.42	$3,350
Jul 2010	0	866	72.55	4.74	$4,102
Jun 2010	0	897	70.36	4.91	$4,405
May 2010	0	912	71.12	4.24	$3,863
Apr 2010	2	904	81.69	4.12	$3,890
Mar 2010	0	954	78.39	4.39	$4,187
Feb 2010	0	703	73.58	5.44	$3,826
Jan 2010	0	906	74.36	5.96	$5,403
Dec 2009	0	929	71.44	5.48	$5,094
Nov 2009	0	887	74.59	3.75	$3,328
Oct 2009	0	959	72.54	4.11	$3,942
Sep 2009	0	939	65.54	3.06	$2,878
Aug 2009	0	967	67.42	3.22	$3,112
Jul 2009	0	968	61.13	3.46	$3,354
Jun 2009	0	915	66.16	3.90	$3,564
May 2009	0	894	54.74	3.93	$3,510
Apr 2009	0	959	46.77	3.59	$3,440
Mar 2009	0	948	42.14	4.06	$3,848
Feb 2009	0	910	32.81	4.63	$4,216
Jan 2009	0	989	35.86	5.37	$5,312
Dec 2008	0	1,079	37.10	5.98	$6,449
Nov 2008	91	1,080	55.49	6.86	$12,459
Oct 2008	0	1,001	75.24	6.92	$6,929
Sep 2008	0	1,021	101.76	7.88	$8,043
Aug 2008	0	1,011	114.22	8.48	$8,576
Jul 2008	0	1,055	131.08	11.39	$12,016
Jun 2008	0	948	131.33	13.03	$12,355
May 2008	0	976	123.17	11.57	$11,297
Apr 2008	0	1,275	110.31	10.45	$13,330
Mar 2008	0	1,018	101.90	9.66	$9,838
Feb 2008	0	1,067	92.53	8.77	$9,358
Jan 2008	0	1,188	90.38	8.21	$9,748
Dec 2007	0	1,348	88.33	7.30	$9,843
Nov 2007	0	1,238	91.67	7.29	$9,027
Oct 2007	0	1,224	82.85	6.92	$8,473
Sep 2007	0	1,171	75.84	6.24	$7,312
Aug 2007	0	1,269	69.06	6.39	$8,106
Jul 2007	0	1,164	70.90	6.39	$7,436
Jun 2007	0	1,223	62.00	7.55	$9,232
May 2007	0	1,272	58.74	7.85	$9,980
Apr 2007	0	1,279	59.61	7.81	$9,983
Mar 2007	0	1,301	56.92	7.30	$9,500
Feb 2007	0	1,066	55.10	8.22	$8,758
Jan 2007	0	1,293	50.30	6.73	$8,698
Dec 2006	0	1,417	56.65	6.92	$9,803
Nov 2006	0	1,434	54.20	7.62	$10,923
Oct 2006	0	1,458	54.90	6.01	$8,768
Sep 2006	0	1,377	60.08	5.04	$6,936
Aug 2006	0	1,502	68.71	7.34	$11,025
Jul 2006	0	1,386	69.37	6.34	$8,791
Jun 2006	0	1,564	66.28	6.38	$9,984
May 2006	0	1,515	66.01	6.42	$9,734
Apr 2006	0	1,489	64.39	7.36	$10,960
Mar 2006	0	1,419	56.70	7.08	$10,051
Feb 2006	0	1,428	57.59	7.75	$11,069
Jan 2006	0	1,630	60.59	8.93	$14,561
Dec 2005	0	1,736	54.94	13.42	$23,289
Nov 2005	0	1,569	54.69	10.59	$16,613
Oct 2005	0	1,839	58.34	13.80	$25,370
Sep 2005	0	1,625	61.45	12.08	$19,628
Aug 2005	0	1,760	61.51	9.80	$17,242
Jul 2005	0	1,464	55.69	7.84	$11,483
Jun 2005	0	1,514	52.33	7.38	$11,175
May 2005	0	1,585	45.22	6.65	$10,542
Apr 2005	0	1,462	49.20	7.36	$10,761
Mar 2005	0	1,636	50.37	7.15	$11,705
Feb 2005	0	1,457	45.22	6.31	$9,196
Jan 2005	0	1,584	43.16	6.32	$10,014
Dec 2004	0	1,802	39.86	6.75	$12,165
Nov 2004	0	1,724	45.28	6.33	$10,914
Oct 2004	98	1,357	49.70	6.52	$13,712
Sep 2004	0	1,604	43.24	5.28	$8,475
Aug 2004	0	1,675	42.37	5.55	$9,297
Jul 2004	0	1,683	38.28	6.08	$10,240
Jun 2004	0	1,645	36.10	6.43	$10,582
May 2004	0	1,764	37.48	6.49	$11,456
Apr 2004	0	1,813	34.47	5.86	$10,621
Mar 2004	0	1,762	34.36	5.53	$9,744
Feb 2004	0	1,764	32.45	5.51	$9,719
Jan 2004	0	1,842	32.03	6.30	$11,604
Dec 2003	0	2,109	30.26	6.30	$13,290
Nov 2003	0	2,168	28.80	4.60	$9,962
Oct 2003	0	2,130	28.17	4.76	$10,138
Sep 2003	0	2,146	26.31	4.75	$10,192
Aug 2003	0	2,442	29.76	5.13	$12,527
Jul 2003	0	2,246	29.41	5.17	$11,614
Jun 2003	0	2,434	28.56	5.98	$14,563
May 2003	0	2,647	26.59	5.97	$15,810
Apr 2003	0	2,657	26.67	5.41	$14,367
Mar 2003	0	2,903	31.14	6.10	$17,697
Feb 2003	0	2,401	33.48	7.93	$19,030
Jan 2003	0	2,865	30.31	5.58	$15,993
Dec 2002	0	2,765	26.91	4.85	$13,421
Nov 2002	0	2,842	24.66	4.14	$11,757
Oct 2002	0	3,082	26.46	4.23	$13,034
Sep 2002	0	3,219	27.44	3.64	$11,702
Aug 2002	0	3,545	25.96	3.16	$11,217
Jul 2002	0	3,915	24.58	3.06	$11,987
Jun 2002	0	3,466	23.73	3.34	$11,570
May 2002	0	4,142	24.66	3.58	$14,845
Apr 2002	168	4,437	23.65	3.51	$19,557
Mar 2002	0	5,278	22.00	3.10	$16,376
Feb 2002	0	6,350	18.22	2.38	$15,086
Jan 2002	63	12,173	17.17	2.38	$30,001
Dec 2001	0	100	16.93	2.36	$236
Nov 2001	0	706	18.07	2.41	$1,698
Oct 2001	3	610	19.78	2.53	$1,602
Sep 2001	2	489	24.26	2.25	$1,149
Aug 2001	6	803	24.87	3.05	$2,601
Jul 2001	13	446	23.93	3.20	$1,737
Jun 2001	1	385	24.56	3.82	$1,497
May 2001	1	461	25.52	4.31	$2,011
Apr 2001	1	476	24.68	5.34	$2,564
Mar 2001	0	482	24.54	5.38	$2,591
Feb 2001	0	314	27.75	5.77	$1,811
Jan 2001	0	419	27.47	8.40	$3,519
Dec 2000	0	483	26.88	9.12	$4,406
Nov 2000	0	603	32.21	5.66	$3,412
Oct 2000	0	597	31.23	5.15	$3,072
Sep 2000	0	437	31.87	5.19	$2,267
Aug 2000	0	502	29.64	4.54	$2,279
Jul 2000	0	488	28.53	4.09	$1,996
Jun 2000	0	515	29.30	4.40	$2,265
May 2000	0	381	27.26	3.68	$1,402
Apr 2000	0	405	24.51	3.12	$1,262
Mar 2000	0	380	28.42	2.86	$1,087
Feb 2000	0	300	27.62	2.73	$818
Jan 2000	0	351	25.27	2.48	$871
Dec 1999	0	338	24.28	2.42	$819
Nov 1999	0	304	23.19	2.43	$740
Oct 1999	0	332	20.98	2.80	$931
Sep 1999	0	371	21.75	2.62	$972
Aug 1999	0	429	19.26	2.88	$1,234
Jul 1999	0	480	17.89	2.37	$1,139
Jun 1999	0	380	15.94	2.36	$898
May 1999	0	528	15.79	2.32	$1,226
Apr 1999	0	505	15.10	2.21	$1,115
Mar 1999	0	533	12.47	1.84	$980
Feb 1999	0	569	9.98	1.82	$1,034
Jan 1999	0	595	10.38	1.90	$1,130
Dec 1998	0	572	9.20	1.77	$1,014
Nov 1998	0	561	10.89	2.19	$1,226
Oct 1998	0	624	12.42	1.97	$1,229
Sep 1998	0	597	12.59	2.08	$1,243
Aug 1998	0	580	11.30	1.91	$1,106
Jul 1998	0	612	11.74	2.24	$1,369
Jun 1998	0	607	11.24	2.24	$1,358
May 1998	0	659	12.62	2.21	$1,454
Apr 1998	0	696	13.04	2.51	$1,744
Mar 1998	0	747	12.80	2.31	$1,725
Feb 1998	0	571	13.95	2.30	$1,313
Jan 1998	0	720	14.70	2.15	$1,551
Dec 1997	0	522	16.32	2.41	$1,259
Nov 1997	0	547	18.19	3.09	$1,689
Oct 1997	0	598	19.25	3.15	$1,884
Sep 1997	0	569	17.74	2.95	$1,681
Aug 1997	0	616	17.86	2.55	$1,574
Jul 1997	0	572	17.58	2.25	$1,285
Jun 1997	0	510	17.24	2.26	$1,151
May 1997	0	559	18.97	2.31	$1,290
Apr 1997	0	562	17.88	2.08	$1,171
Mar 1997	0	604	18.95	1.94	$1,171
Feb 1997	0	532	20.49	2.21	$1,174
Jan 1997	0	548	23.48	3.54	$1,940
Dec 1996	0	630	23.32	—	$0
Nov 1996	0	639	21.97	—	$0
Oct 1996	0	615	23.31	—	$0
Sep 1996	0	554	22.22	—	$0
Aug 1996	0	637	20.26	—	$0
Jul 1996	0	697	19.55	—	$0
Jun 1996	0	633	18.73	—	$0
May 1996	0	606	19.43	—	$0
Apr 1996	0	646	21.51	—	$0
Mar 1996	0	623	19.38	—	$0
Feb 1996	0	552	16.98	—	$0
Jan 1996	0	569	17.07	—	$0
Dec 1995	0	547	17.19	—	$0
Nov 1995	0	568	16.00	—	$0
Oct 1995	0	629	15.43	—	$0
Sep 1995	0	644	16.18	—	$0
Aug 1995	0	631	15.92	—	$0
Jul 1995	0	676	15.24	—	$0
Jun 1995	0	682	16.41	—	$0
May 1995	0	657	17.56	—	$0
Apr 1995	0	755	17.73	—	$0
Mar 1995	0	663	16.44	—	$0
Feb 1995	0	639	16.58	—	$0
Jan 1995	0	686	15.92	—	$0
Dec 1994	0	817	15.03	—	$0
Nov 1994	0	411	15.90	—	$0
Oct 1994	0	513	15.58	—	$0
Sep 1994	0	555	15.29	—	$0
Aug 1994	0	519	16.13	—	$0
Jul 1994	0	646	17.56	—	$0
Jun 1994	0	563	17.09	—	$0
May 1994	0	585	15.88	—	$0
Apr 1994	0	811	14.14	—	$0
Mar 1994	0	711	12.46	—	$0
Feb 1994	0	736	12.50	—	$0
Jan 1994	0	834	12.66	—	$0
Dec 1993	0	811	12.33	—	$0
Nov 1993	0	677	14.49	—	$0
Oct 1993	0	691	15.85	—	$0
Sep 1993	0	792	15.03	—	$0
Aug 1993	0	849	15.66	—	$0
Jul 1993	0	764	15.46	—	$0
Jun 1993	0	788	16.79	—	$0
May 1993	3	772	17.68	—	$53
Apr 1993	0	858	18.05	—	$0
Mar 1993	0	868	18.14	—	$0
Feb 1993	3	708	17.90	—	$54
Jan 1993	0	846	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.

Nov 2015 — as filed, then multipliedworked

Condensate            11 bbl  × $ 38.79 =       $427
Gas                    0 Mcf  × $  2.17 =         $0

────────────────────────────────────────────────────
Month total                                     $427

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/127878 is the state's own key, not one this site invented.