PETTY, O.S.

Name: PETTY, O.S. lease production and value, Jan 1993 onwards
Creator: Railroad Commission of Texas
License: https://www.rrc.texas.gov/site-policies/

Operated by KERNS O & G, INC. (P-5 457700) in the CATARINA, SW. (OLMOS N-3) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 139342District 01Field 16340605CondensateGasSave Export

Value, all time

$277 k

Jan 1993 – Dec 2004

Value, last 12 filed months

at the published price for each month

Months reported

144

no gaps in the span

Streams

condensate, gas

The CATARINA, SW. (OLMOS N-3) 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 2 leases and 2 wells, and the rule below applies to all of them.

Discovered

1986-01-01

as the register files it

Field class

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.

Stream	Basis	Volume	Value
Condensate	Disposition	1,037 bbl	$17,408
Gas	Production	324,027 Mcf	$260,072
Total			$277,480

236,974 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 (144)

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

144 months


Dec 2004	0	0	39.86	6.75	$0
Nov 2004	0	0	45.28	6.33	$0
Oct 2004	0	0	49.70	6.52	$0
Sep 2004	0	0	43.24	5.28	$0
Aug 2004	0	0	42.37	5.55	$0
Jul 2004	0	0	38.28	6.08	$0
Jun 2004	0	0	36.10	6.43	$0
May 2004	0	0	37.48	6.49	$0
Apr 2004	0	0	34.47	5.86	$0
Mar 2004	0	0	34.36	5.53	$0
Feb 2004	0	0	32.45	5.51	$0
Jan 2004	0	0	32.03	6.30	$0
Dec 2003	0	0	30.26	6.30	$0
Nov 2003	0	0	28.80	4.60	$0
Oct 2003	0	0	28.17	4.76	$0
Sep 2003	0	0	26.31	4.75	$0
Aug 2003	0	0	29.76	5.13	$0
Jul 2003	0	0	29.41	5.17	$0
Jun 2003	0	0	28.56	5.98	$0
May 2003	0	0	26.59	5.97	$0
Apr 2003	0	0	26.67	5.41	$0
Mar 2003	0	13	31.14	6.10	$79
Feb 2003	0	0	33.48	7.93	$0
Jan 2003	0	0	30.31	5.58	$0
Dec 2002	0	0	26.91	4.85	$0
Nov 2002	0	0	24.66	4.14	$0
Oct 2002	0	0	26.46	4.23	$0
Sep 2002	0	0	27.44	3.64	$0
Aug 2002	0	0	25.96	3.16	$0
Jul 2002	0	6	24.58	3.06	$18
Jun 2002	0	160	23.73	3.34	$534
May 2002	0	421	24.66	3.58	$1,509
Apr 2002	0	761	23.65	3.51	$2,673
Mar 2002	0	763	22.00	3.10	$2,367
Feb 2002	0	767	18.22	2.38	$1,822
Jan 2002	0	767	17.17	2.38	$1,822
Dec 2001	0	907	16.93	2.36	$2,145
Nov 2001	0	837	18.07	2.41	$2,013
Oct 2001	0	1,071	19.78	2.53	$2,708
Sep 2001	0	948	24.26	2.25	$2,134
Aug 2001	0	1,107	24.87	3.05	$3,380
Jul 2001	0	981	23.93	3.20	$3,136
Jun 2001	0	1,171	24.56	3.82	$4,478
May 2001	0	1,160	25.52	4.31	$4,996
Apr 2001	0	1,311	24.68	5.34	$6,995
Mar 2001	0	1,304	24.54	5.38	$7,011
Feb 2001	0	1,114	27.75	5.77	$6,425
Jan 2001	0	1,226	27.47	8.40	$10,297
Dec 2000	0	1,152	26.88	9.12	$10,509
Nov 2000	0	1,028	32.21	5.66	$5,816
Oct 2000	0	1,110	31.23	5.15	$5,712
Sep 2000	0	1,064	31.87	5.19	$5,518
Aug 2000	0	1,203	29.64	4.54	$5,463
Jul 2000	0	1,191	28.53	4.09	$4,871
Jun 2000	0	911	29.30	4.40	$4,006
May 2000	0	962	27.26	3.68	$3,540
Apr 2000	0	1,179	24.51	3.12	$3,674
Mar 2000	0	959	28.42	2.86	$2,743
Feb 2000	0	839	27.62	2.73	$2,288
Jan 2000	1	776	25.27	2.48	$1,950
Dec 1999	4	730	24.28	2.42	$1,866
Nov 1999	4	652	23.19	2.43	$1,680
Oct 1999	3	632	20.98	2.80	$1,835
Sep 1999	3	541	21.75	2.62	$1,482
Aug 1999	2	345	19.26	2.88	$1,031
Jul 1999	3	459	17.89	2.37	$1,143
Jun 1999	3	561	15.94	2.36	$1,373
May 1999	4	626	15.79	2.32	$1,516
Apr 1999	4	637	15.10	2.21	$1,467
Mar 1999	8	591	12.47	1.84	$1,186
Feb 1999	7	874	9.98	1.82	$1,659
Jan 1999	11	1,348	10.38	1.90	$2,675
Dec 1998	11	1,365	9.20	1.77	$2,522
Nov 1998	13	1,399	10.89	2.19	$3,199
Oct 1998	14	1,503	12.42	1.97	$3,134
Sep 1998	12	1,236	12.59	2.08	$2,725
Aug 1998	14	1,786	11.30	1.91	$3,565
Jul 1998	15	1,860	11.74	2.24	$4,337
Jun 1998	7	2,142	11.24	2.24	$4,871
May 1998	9	2,365	12.62	2.21	$5,332
Apr 1998	7	2,012	13.04	2.51	$5,132
Mar 1998	9	2,084	12.80	2.31	$4,928
Feb 1998	8	1,789	13.95	2.30	$4,225
Jan 1998	10	2,382	14.70	2.15	$5,280
Dec 1997	12	2,406	16.32	2.41	$5,997
Nov 1997	14	2,426	18.19	3.09	$7,747
Oct 1997	14	2,398	19.25	3.15	$7,823
Sep 1997	10	2,320	17.74	2.95	$7,033
Aug 1997	14	2,481	17.86	2.55	$6,588
Jul 1997	15	2,579	17.58	2.25	$6,059
Jun 1997	10	2,260	17.24	2.26	$5,274
May 1997	16	2,262	18.97	2.31	$5,525
Apr 1997	15	2,249	17.88	2.08	$4,952
Mar 1997	18	2,353	18.95	1.94	$4,904
Feb 1997	14	1,989	20.49	2.21	$4,674
Jan 1997	12	2,242	23.48	3.54	$8,218
Dec 1996	18	2,412	23.32	—	$420
Nov 1996	12	2,571	21.97	—	$264
Oct 1996	17	2,734	23.31	—	$396
Sep 1996	16	2,565	22.22	—	$356
Aug 1996	21	2,833	20.26	—	$425
Jul 1996	15	2,799	19.55	—	$293
Jun 1996	19	2,847	18.73	—	$356
May 1996	25	2,774	19.43	—	$486
Apr 1996	24	2,419	21.51	—	$516
Mar 1996	26	2,568	19.38	—	$504
Feb 1996	33	2,571	16.98	—	$560
Jan 1996	18	2,338	17.07	—	$307
Dec 1995	9	1,673	17.19	—	$155
Nov 1995	6	1,515	16.00	—	$96
Oct 1995	6	2,112	15.43	—	$93
Sep 1995	13	4,352	16.18	—	$210
Aug 1995	8	4,754	15.92	—	$127
Jul 1995	11	4,049	15.24	—	$168
Jun 1995	10	4,581	16.41	—	$164
May 1995	10	4,364	17.56	—	$176
Apr 1995	11	4,127	17.73	—	$195
Mar 1995	11	3,815	16.44	—	$181
Feb 1995	10	3,649	16.58	—	$166
Jan 1995	8	3,029	15.92	—	$127
Dec 1994	11	2,646	15.03	—	$165
Nov 1994	12	3,992	15.90	—	$191
Oct 1994	11	5,001	15.58	—	$171
Sep 1994	11	5,063	15.29	—	$168
Aug 1994	12	5,569	16.13	—	$194
Jul 1994	12	5,746	17.56	—	$211
Jun 1994	12	5,684	17.09	—	$205
May 1994	14	5,735	15.88	—	$222
Apr 1994	14	5,442	14.14	—	$198
Mar 1994	18	6,080	12.46	—	$224
Feb 1994	17	5,346	12.50	—	$213
Jan 1994	13	6,054	12.66	—	$165
Dec 1993	13	6,594	12.33	—	$160
Nov 1993	16	6,724	14.49	—	$232
Oct 1993	12	7,547	15.85	—	$190
Sep 1993	11	7,329	15.03	—	$165
Aug 1993	12	8,316	15.66	—	$188
Jul 1993	13	8,300	15.46	—	$201
Jun 1993	13	8,355	16.79	—	$218
May 1993	15	8,944	17.68	—	$265
Apr 1993	17	9,100	18.05	—	$307
Mar 1993	17	9,856	18.14	—	$308
Feb 1993	15	9,502	17.90	—	$269
Jan 1993	19	10,598	16.93	—	$322

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 2003 — as filed, then multipliedworked

Condensate             0 bbl  × $ 31.14 =         $0
Gas                   13 Mcf  × $  6.10 =        $79

────────────────────────────────────────────────────
Month total                                      $79

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/139342 is the state's own key, not one this site invented.