GATES RANCH "B"

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

Operated by BLACKBRUSH O & G, INC. (P-5 73027) in the CATARINA, SW. (OLMOS N-2) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 140265District 01Field 16340604CondensateGasSave Export

Value, all time

$194 k

Jan 1993 – Jan 2006

Value, last 12 filed months

at the published price for each month

Months reported

157

no gaps in the span

Streams

condensate, gas

The CATARINA, SW. (OLMOS N-2) 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 6 leases and 6 wells, and the rule below applies to all of them.

Discovered

1990-10-03

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

The Commission's schedule remark for this field reads: “AOF-1 AND AOF-2 EFFECTIVE 03/01/97.”

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	2,824 bbl	$48,328
Gas	Production	87,242 Mcf	$145,879
Total			$194,207

35,560 Mcf of this lease's gas, across 47 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 (157)

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

157 months


Jan 2006	0	0	60.59	8.93	$0
Dec 2005	0	0	54.94	13.42	$0
Nov 2005	0	0	54.69	10.59	$0
Oct 2005	0	0	58.34	13.80	$0
Sep 2005	0	0	61.45	12.08	$0
Aug 2005	0	0	61.51	9.80	$0
Jul 2005	0	0	55.69	7.84	$0
Jun 2005	0	0	52.33	7.38	$0
May 2005	0	0	45.22	6.65	$0
Apr 2005	0	0	49.20	7.36	$0
Mar 2005	0	0	50.37	7.15	$0
Feb 2005	0	0	45.22	6.31	$0
Jan 2005	0	4	43.16	6.32	$25
Dec 2004	0	3	39.86	6.75	$20
Nov 2004	0	1	45.28	6.33	$6
Oct 2004	0	1	49.70	6.52	$7
Sep 2004	0	3	43.24	5.28	$16
Aug 2004	0	3	42.37	5.55	$17
Jul 2004	0	10	38.28	6.08	$61
Jun 2004	0	12	36.10	6.43	$77
May 2004	0	47	37.48	6.49	$305
Apr 2004	0	55	34.47	5.86	$322
Mar 2004	0	27	34.36	5.53	$149
Feb 2004	0	83	32.45	5.51	$457
Jan 2004	0	102	32.03	6.30	$643
Dec 2003	0	48	30.26	6.30	$302
Nov 2003	1	26	28.80	4.60	$148
Oct 2003	1	78	28.17	4.76	$399
Sep 2003	0	4	26.31	4.75	$19
Aug 2003	1	10	29.76	5.13	$81
Jul 2003	1	75	29.41	5.17	$417
Jun 2003	1	68	28.56	5.98	$435
May 2003	0	13	26.59	5.97	$78
Apr 2003	5	79	26.67	5.41	$561
Mar 2003	6	291	31.14	6.10	$1,961
Feb 2003	4	300	33.48	7.93	$2,512
Jan 2003	6	300	30.31	5.58	$1,856
Dec 2002	5	328	26.91	4.85	$1,727
Nov 2002	6	235	24.66	4.14	$1,120
Oct 2002	3	251	26.46	4.23	$1,141
Sep 2002	4	337	27.44	3.64	$1,335
Aug 2002	4	387	25.96	3.16	$1,328
Jul 2002	4	317	24.58	3.06	$1,069
Jun 2002	3	255	23.73	3.34	$922
May 2002	4	281	24.66	3.58	$1,106
Apr 2002	2	268	23.65	3.51	$989
Mar 2002	2	247	22.00	3.10	$810
Feb 2002	1	161	18.22	2.38	$401
Jan 2002	2	171	17.17	2.38	$441
Dec 2001	3	240	16.93	2.36	$618
Nov 2001	3	219	18.07	2.41	$581
Oct 2001	3	212	19.78	2.53	$595
Sep 2001	2	203	24.26	2.25	$506
Aug 2001	2	98	24.87	3.05	$349
Jul 2001	2	226	23.93	3.20	$770
Jun 2001	4	233	24.56	3.82	$989
May 2001	5	243	25.52	4.31	$1,174
Apr 2001	11	131	24.68	5.34	$970
Mar 2001	8	196	24.54	5.38	$1,250
Feb 2001	16	265	27.75	5.77	$1,972
Jan 2001	7	229	27.47	8.40	$2,116
Dec 2000	6	247	26.88	9.12	$2,415
Nov 2000	11	228	32.21	5.66	$1,644
Oct 2000	4	224	31.23	5.15	$1,278
Sep 2000	4	310	31.87	5.19	$1,735
Aug 2000	3	316	29.64	4.54	$1,524
Jul 2000	4	309	28.53	4.09	$1,378
Jun 2000	3	234	29.30	4.40	$1,117
May 2000	4	222	27.26	3.68	$926
Apr 2000	8	217	24.51	3.12	$872
Mar 2000	10	299	28.42	2.86	$1,139
Feb 2000	25	237	27.62	2.73	$1,337
Jan 2000	0	225	25.27	2.48	$558
Dec 1999	21	210	24.28	2.42	$1,019
Nov 1999	37	366	23.19	2.43	$1,749
Oct 1999	0	402	20.98	2.80	$1,127
Sep 1999	37	347	21.75	2.62	$1,713
Aug 1999	19	245	19.26	2.88	$1,070
Jul 1999	20	297	17.89	2.37	$1,062
Jun 1999	0	344	15.94	2.36	$813
May 1999	48	337	15.79	2.32	$1,540
Apr 1999	26	382	15.10	2.21	$1,236
Mar 1999	0	388	12.47	1.84	$713
Feb 1999	16	322	9.98	1.82	$745
Jan 1999	28	361	10.38	1.90	$977
Dec 1998	34	317	9.20	1.77	$875
Nov 1998	18	427	10.89	2.19	$1,129
Oct 1998	29	425	12.42	1.97	$1,197
Sep 1998	30	449	12.59	2.08	$1,313
Aug 1998	15	737	11.30	1.91	$1,575
Jul 1998	20	644	11.74	2.24	$1,676
Jun 1998	51	1,326	11.24	2.24	$3,540
May 1998	27	1,470	12.62	2.21	$3,584
Apr 1998	94	3,263	13.04	2.51	$9,401
Mar 1998	155	2,896	12.80	2.31	$8,672
Feb 1998	80	2,966	13.95	2.30	$7,935
Jan 1998	83	4,705	14.70	2.15	$11,358
Dec 1997	41	5,870	16.32	2.41	$14,822
Nov 1997	167	5,712	18.19	3.09	$20,678
Oct 1997	0	1,446	19.25	3.15	$4,555
Sep 1997	0	650	17.74	2.95	$1,921
Aug 1997	47	690	17.86	2.55	$2,602
Jul 1997	34	705	17.58	2.25	$2,182
Jun 1997	0	753	17.24	2.26	$1,700
May 1997	31	704	18.97	2.31	$2,213
Apr 1997	31	684	17.88	2.08	$1,979
Mar 1997	0	398	18.95	1.94	$772
Feb 1997	15	0	20.49	2.21	$307
Jan 1997	22	0	23.48	3.54	$517
Dec 1996	28	0	23.32	—	$653
Nov 1996	0	323	21.97	—	$0
Oct 1996	43	630	23.31	—	$1,002
Sep 1996	0	540	22.22	—	$0
Aug 1996	50	526	20.26	—	$1,013
Jul 1996	0	500	19.55	—	$0
Jun 1996	0	389	18.73	—	$0
May 1996	36	633	19.43	—	$699
Apr 1996	39	444	21.51	—	$839
Mar 1996	47	530	19.38	—	$911
Feb 1996	0	352	16.98	—	$0
Jan 1996	0	616	17.07	—	$0
Dec 1995	61	652	17.19	—	$1,049
Nov 1995	49	780	16.00	—	$784
Oct 1995	48	780	15.43	—	$741
Sep 1995	0	541	16.18	—	$0
Aug 1995	0	527	15.92	—	$0
Jul 1995	47	521	15.24	—	$716
Jun 1995	0	514	16.41	—	$0
May 1995	111	682	17.56	—	$1,949
Apr 1995	0	633	17.73	—	$0
Mar 1995	47	687	16.44	—	$773
Feb 1995	21	681	16.58	—	$348
Jan 1995	35	725	15.92	—	$557
Dec 1994	33	688	15.03	—	$496
Nov 1994	0	686	15.90	—	$0
Oct 1994	19	730	15.58	—	$296
Sep 1994	0	576	15.29	—	$0
Aug 1994	48	761	16.13	—	$774
Jul 1994	0	982	17.56	—	$0
Jun 1994	39	966	17.09	—	$667
May 1994	0	984	15.88	—	$0
Apr 1994	13	877	14.14	—	$184
Mar 1994	0	989	12.46	—	$0
Feb 1994	9	913	12.50	—	$113
Jan 1994	15	994	12.66	—	$190
Dec 1993	56	978	12.33	—	$690
Nov 1993	0	847	14.49	—	$0
Oct 1993	55	1,030	15.85	—	$872
Sep 1993	0	417	15.03	—	$0
Aug 1993	0	839	15.66	—	$0
Jul 1993	128	946	15.46	—	$1,979
Jun 1993	0	857	16.79	—	$0
May 1993	67	1,201	17.68	—	$1,185
Apr 1993	89	1,246	18.05	—	$1,606
Mar 1993	30	1,454	18.14	—	$544
Feb 1993	32	1,307	17.90	—	$573
Jan 1993	39	1,086	16.93	—	$660

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.

Jan 2005 — as filed, then multipliedworked

Condensate             0 bbl  × $ 43.16 =         $0
Gas                    4 Mcf  × $  6.32 =        $25

────────────────────────────────────────────────────
Month total                                      $25

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/140265 is the state's own key, not one this site invented.